Rabu, 02 Juli 2025

BTC breaks below—now what?


Plus, Trump's landmark budget just passed—but a key crypto tax fix got scrapped at the last minute.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

July 01, 2025

-- Hey, it's Monica from Cointelegraph—your Web3 fix just landed. Today's drop is fire and ice with zero fluff.

Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

👀 BTC Slips—Is $100K Next?

🚪 Connecticut shuts the door on crypto

👉 Crypto left in the dust as Trump's budget passes

📰 Keep reading for today's biggest headlines & stories

BTC Breaks Below—Now What?

Bitcoin dipped below key support levels this week, slipping to $105,250 after multiple failed runs at $109K. According to Bitfinex analysts, this could be the start of a local top—or the first step into another tight consolidation grind.

Either way, $100K is back on the table.

Get the Full Story

Pakistan Took a Page From Saylor's Playbook

Meet Bilal Bin Saqib—the man leading Pakistan's pivot into Bitcoin. After a backstage convo with none other than Michael Saylor, the country's crypto czar says Pakistan will not only establish a Bitcoin reserve—it's going to deploy it in DeFi for yield. Yes, you read that right. A sovereign BTC reserve earning yield through decentralized finance.

This is what nation-state adoption looks like when it's inspired by maxis.

Trump's Budget Clears the Senate—But Crypto Got Left Behind

The "One Big Beautiful Bill" passed the Senate in a deadlocked 50-50 vote, with VP JD Vance breaking the tie. Unfortunately, the bill skipped over crypto taxes completely. Senator Cynthia Lummis pushed for fairer treatment of miners and stakers—but her proposal didn't make the final cut.

For now, we're stuck with the status quo, and yes, the IRS is still watching.

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Connecticut Shuts the Door on Crypto in Government

While Pakistan is stacking sats, Connecticut banned its own government from touching crypto—literally. A new law bars state agencies from accepting, holding, or investing in digital assets. No Bitcoin payments, no ETH reserves, no nothing.

It's one of the most aggressive state-level bans yet—a clear signal that some jurisdictions aren't just hesitating on crypto, they're slamming the door.

OPINION

DeFi's Security Crisis Isn't Over

We're only halfway through 2025, and crypto has already lost over $2.1 billion to hacks!

February's Bybit breach was a record-shattering $1.4B on its own, courtesy of North Korean attackers. While the headlines focus on the theft, nobody's talking enough about the laundering. CEXs and DeFi protocols are still missing key protections—and the attackers know it.