Crypto adviser Patrick Witt is leading talks with Democrats to get the CLARITY Act moving again.
The main sticking point is an ethics rule Democrats want added, which could restrict crypto profits tied to elected officials, including Trumpโs family.
Reuters estimates the Trump family has made about $2.3 BILLION from crypto ventures since mid-2024.
โ ๏ธโ ๏ธ JUST IN: ๐ฎ๐ท๐บ๐ธ Iran's Supreme Leader will speak shortly about the end of the war and the Memorandum of Understanding with the United States, according to state TV.
โ ๏ธโ ๏ธ JUST IN: ๐ฎ๐ท๐บ๐ธ Iran's Supreme Leader will speak shortly about the end of the war and the Memorandum of Understanding with the United States, according to state TV.
Wintermute Says Bitcoin Could Still Fall Into the $50,000 Range
Wintermute, a leading crypto market maker and OTC desk, warned that BTCโs rebound from the low-$60,000s does not confirm a structural bottom, with ETF, stablecoin and DAT flows still showing no clear reversal. Wintermute said Bitcoin could remain choppy in thin summer liquidity and may still fall into the $50,000 range, adding that the key signal is whether ETF and stablecoin inflows return sustainably.
Investor expectations for a Fed rate hike are rising. Bank of Americaโs June fund manager survey shows 40% expect at least one hike in the next 12 months, up from 16% in May. Rate-cut hopes fell sharply, with only 28% expecting cuts versus 50% last month. Prediction markets also show growing odds of a Fed hike before 2027.
โAt the $60kโ$61k bottom, the Exchange Whale Ratio surged to 61.6%, proving that whales completely dominated buy-side activity and absorbed the panic.โ.
โ ๏ธโ ๏ธ JUST IN: ๐ง In the past 30 minutes, over $212.37M in crypto trades were liquidated, including $192.75M in longs, with the largest single order being a $25.38M $ETH long(24h).
#BTC has fallen to $66K, with profitability collapsing, realized losses surging, and spot sellers regaining control. We are below the ETF cost basis, and options continue pricing elevated risk. #etf
BULLISH: ๐ Fidelity says Bitcoin delivered the highest risk-adjusted return of any asset in the past 10 years.
This is the quiet before the storm. Happens every cycle.BULLISH: ๐ Fidelity says Bitcoin delivered the highest risk-adjusted return of any asset in the past 10 years.
This is the quiet before the storm. Happens every cycle.