Bitcoin traded below its mining cost basis in June, DeFi experienced a 33% decline in TVL, and mid-month weekly BTC options peaked to their highest on record. Source: https://cointelegraph.com/news/the-battle-between-crypto-bulls-and-bears-shows-hope-for-the-future

The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April. Source: https://cointelegraph.com/news/board-urges-bank-of-central-african-states-to-introduce-common-digital-currency-report

BTC’s march up toward $24,000 took a brief pause after media headlines announced that Tesla had sold 75% of its Bitcoin position. Source: https://cointelegraph.com/news/bitcoin-price-dips-under-23k-after-earnings-report-reveals-tesla-sold-75-of-its-btc

Traders expect BTC price to venture into the $27,000 to $32,000 range now that Bitcoin looks to secure a daily close above its current range. Source: https://cointelegraph.com/news/bitcoin-price-holds-23-5k-leading-bulls-to-say-it-s-different-this-time

Representative Brad Sherman said the SEC’s enforcement case against Poloniex was like going after “small fish” compared to major exchanges, which may include Kraken and Coinbase. Source: https://cointelegraph.com/news/us-lawmaker-criticizes-sec-enforcement-director-for-not-going-after-big-fish-crypto-exchanges

The bear market is far from over, but according to Glassnode, several metrics suggest that Bitcoin capitulation already occurred. Source: https://cointelegraph.com/news/data-points-to-a-bitcoin-bottom-but-one-metric-warns-of-a-final-drop-to-14k

Source: https://cointelegraph.com/magazine/2022/07/16/celsius-bankrupt-1-2b-balance-sheet-hole-su-zhu-returns-twitter-opensea-purges-employees-hodlers-digest-july-10-16

Liquidators don’t know the whereabouts of Kyle Davies and Su Zhu. Meanwhile, Grayscale’s legal officer says the asset manager’s lawsuit against the SEC could take a while to play …

Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years. Source: https://cointelegraph.com/news/uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k

Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study. Source: https://cointelegraph.com/news/us-treasury-study-finds-cbdcs-a-plus-for-commercial-bank-stability