ALSO: Venture capitalists and others have abandoned blockchain for the seemingly greener pastures of AI, but they may be falling for the hype of a technology that has yet to prove itself substantially. Author: Sam Reynolds
First Mover Asia: Bitcoin Could Experience Price Turbulence as $30K Is Tested
Bitcoin Holds Above $30K as Investors Await Historically Strong July, Eye Options Expiry
BTC has gained at least 20% in July in each of the past three years. Depending on its price heading into the expiry, bitcoin could rally additionally or retreat. Author: James Rubin
Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase
The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC. Author: Eliza Gkritsi
ProShares’ Bitcoin Futures ETF Racks Up Biggest Weekly Inflow in a Year
Open interest on bitcoin futures have surged to the highest levels in a year. Author: Shaurya Malwa
First Mover Asia: Bitcoin Opens the Week Above $30K Amid Rising Investor Optimism
ALSO: Ripple Asia’s policy lead praises Japan’s crypto laws that favor consumer protection. Rahul Advani said that the country has created “a very clear taxonomy for digital assets.” Author: Sam Reynolds
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