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Bitcoin is regaining bullish momentum after reclaiming a key technical level that has historically marked the beginning of short-term price rallies. According to a June 25 analysis by CryptoQuant contributor İbrahim COŞAR, the cryptocurrency has moved back above its 50-day exponential moving average (EMA)—a widely followed indicator used to assess market trend reversals.
Tether, the world’s largest stablecoin issuer, has deepened its foray into mainstream sports by acquiring a minority stake in Juventus Football Club. This move marks a significant step in Tether’s broader strategy to merge digital asset technology with established industries, particularly in the realm of professional sports.
Blockchain-based prediction market platform Polymarket is reportedly finalizing a $200 million funding round, a move that would push its valuation to the coveted $1 billion “unicorn” status, according to sources cited by Reuters and Bloomberg.
- 06:03SlowMist Cosine: Beware of EIP-7702 Phishing Batch Transaction TrapsAccording to ChainCatcher, SlowMist founder Cosine reposted a security alert from Scam Sniffer, stating that another user lost approximately $1.54 million today due to signing an EIP-7702 phishing batch transaction, involving ETH, BTC, and several other tokens staked on Ethereum. This phishing method exploits EIP-7702 by delegating the user's EOA address authorization to MetaMask: EIP-7702 Delegator, and then uses its contract calls to complete subsequent token transfers. This technique has already been industrialized by major phishing groups, and falling for such a transaction could result in the loss of an entire account's assets. Cosine reminds users to verify the authenticity of websites and links before confirming any transactions to prevent fraud.
- 05:12Data: Three newly created wallets receive a total of 10,600 ETH from Galaxy Digital, worth approximately $51.04 millionAccording to ChainCatcher, Onchain Lens monitoring shows that three newly created wallets received a total of 10,600 Ether (ETH) from Galaxy Digital within approximately 15 minutes, valued at around $51.04 million.
- 04:51Analysis: Powell Has Effectively Yielded, September Rate Cut Is a Foregone ConclusionAccording to a report by Jinse Finance, The Kobeissi Letter has released its latest market analysis, stating that Federal Reserve Chairman Powell has effectively conceded, and the Fed will cut interest rates in a month, attributing the move to a "weakening labor market." Meanwhile, the PPI inflation rate has reached its highest level in three years, and the CPI inflation rate has remained above 2% for 53 consecutive months. To better understand what is happening, it is essential to first grasp the Fed's responsibilities: the Fed aims to reduce unemployment and avoid inflation/deflation—this is the Fed's "dual mandate." Since 2021, the Fed has been highly focused on inflation. However, in his speech on Friday, Chairman Powell made a significant shift: "A change in the balance of risks may require us to adjust our policy stance." In other words, the Fed now sees the risk of unemployment as greater than that of inflation, which all but confirms that a rate cut is imminent.