U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as bitcoin dropped to the lowest level since late February.

U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX’s Collapse The jobs data, due later Friday, is forecast to show that the pace of job additions in the world’s largest economy slowed sharply in June.

As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash The news of the repayments added selling pressure on bitcoin and the larger crypto market after Mt. Gox announced last month its intention to start repayments in July.

Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC BTC slides to lowest since late February, breaching key price support.

Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.

Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.

Crypto for Advisors: Is Crypto Too Volatile? Bitcoin’s volatility is expected to continue declining with every halving. The next one, scheduled for 2028, will render bitcoin four times as scarce as gold. Increasing retail and institutional adoption of this technology is also bound to decrease volatility structurally over time.

Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.

Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research.

Decoding The $7B Decline in Bitcoin’s Notional Open Interest The decline in notional open interest masks bullish undercurrents.

Bitcoin Drops Below 200-Day Average; Bull Market Trendline in Focus Markets that consistently trade below the 200-day SMA are said to be in a downtrend.

Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.

When Do Secondary Token Sales Violate Howey? A federal judge overseeing the U.S. Securities and Exchange Commission’s case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB.

The Protocol: ‘Private Jet Brandization’ Is One Way Polkadot Burnt Cash Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.

DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.

Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures The Basel Committee’s framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.

Ethereum Builder Consensys Buys Wallet Guard to Strengthen MetaMask Security The entire Wallet Guard team will join Consensys within the MetaMask Product Safety Team.

The Case for Crypto Index Funds There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets under management. Here’s why they make sense to investors, says Adam Guren of Hunting Hill.

Insurance Is the Silent DeFi Guardian There is a long history of insurers helping to reduce industrial risks, from cars to buildings. They can play a similar role now in DeFi, where a lack of regulation stifles growth, says Q Rasi, co-founder of Lindy Labs.