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Bitcoin News:
- Bitcoin and US stocks stayed strong in the face of US-Iran escalation as analysis predicted BTC price action outperforming equities later.
- Binance set multimonth records for net BTC outflows on Tuesday, adding to an emerging trend of positive inflows to the US spot Bitcoin ETFs.
- Foundry USA asked its mining customers to signal their support for BIP-110, an actively debated proposal seeking to shrink the amount of data that can be stored in a Bitcoin transaction.
- Galaxy pledged up to $5 million in grants for developers working on Bitcoin’s quantum security and elected a council of quantum-advisory experts to research quantum-resistant migration solutions.
- US spot Bitcoin ETFs extended their inflow streak to six sessions, bringing in about $930 million while remaining down $4.84 billion on a net basis year to date.
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- Donavan McKinney, running against Michigan incumbent Shri Thanedar, said that “the crypto lobby is paying my opponent back for helping Trump“ with the PAC-funded ads.
- According to Senator Cynthia Lummis, one of the bill’s advocates, the ethics language would apply to US presidents’ crypto ventures, including Donald Trump’s.
- The SEC commissioner said crypto vaults, onchain lending products and other asset management tools may trigger US securities laws depending on how they are structured and operated.
- The group alleged that the tax signed into law in June “discriminates against people who transact in digital assets“ and should be blocked from implementation and enforcement.
- Proponents of the digital euro say its a better alternative to cash that’s fully backed by the ECB. But critics argue it could provide the EU with too much power over its citizens.
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