Mayor Eric Adams criticized Andrew Cuomo’s approach to crypto as New York governor, as voters in the Democratic primary prepare to choose their candidate for the November election.

NYC mayor lays out crypto plans as city residents vote in Democratic primary

U.S. and U.K. regulators are accelerating unified oversight of digital assets, 
stablecoins, AI in finance, and cross-border innovation, reshaping global 
markets and fortifying financial stability. US-UK Power Bloc Moves 
Aggressively on Digital Assets and Global Financial Stability The U.S. 
Department of the Treasury issued a Joint Statement on the U.S.-U.K. Financial 
Regulatory Working Group on […]

Top Regulators Forge US-UK Alliance to Oversee Digital Assets

Betting platform Polymarket is reportedly set to be valued at $1 billion in a 
$200 million raise led by Peter Thiel’s Founders Fund.

Polymarket set for $200M raise at $1B valuation: Reports

Ethereum price started a fresh increase above the $2,220 zone. ETH is now 
showing positive signs and might aim for a move above the $2,550 zone. 
Ethereum started a fresh upward move above the $2,220 level. The price is 
trading above $2,320 and the 100-hourly Simple Moving Average. There is a 
connecting bullish trend line forming with support at $2,390 on the hourly 
chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase 
if it settles above the $2,500 resistance zone in the near term. Ethereum 
Price Eyes More Gains Ethereum price started a fresh increase above the $2,200 
support level, like Bitcoin. ETH price was able to clear the $2,220 and $2,250 
resistance levels to move into a positive zone. The bulls even pushed the 
price above the 61.8% Fib retracement level of the downward wave from the 
$2,568 swing high to the $2,115 low. However, they are now facing hurdles near 
the $2,480 and $2,500 levels. Ethereum price is now trading above $2,320 and 
the 100-hourly Simple Moving Average. The price is now just above the 76.4% 
Fib retracement level of the downward wave from the $2,568 swing high to the 
$2,115 low. On the upside, the price could face resistance near the $2,500 
level. The next key resistance is near the $2,550 level. The first major 
resistance is near the $2,565 level. A clear move above the $2,565 resistance 
might send the price toward the $2,650 resistance. An upside break above the 
$2,650 resistance might call for more gains in the coming sessions. In the 
stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 
in the near term. Another Decline In ETH? If Ethereum fails to clear the 
$2,500 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,390 level and the trend line. The first major support 
sits near the $2,350 zone. A clear move below the $2,350 support might push 
the price toward the $2,320 support. Any more losses might send the price 
toward the $2,250 support level in the near term. The next key support sits at 
$2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above 
the 50 zone. Major Support Level – $2,350 Major Resistance Level – $2,500

Ethereum Price Targets Upside Break — Will Momentum Carry It Past the Hurdles?

Leading crypto exchange Binance witnessed a significant outflow of Bitcoin 
(BTC) and Ethereum (ETH) on June 23, with investors pulling out over 4,000 BTC 
and 61,000 ETH in a single day. This shift comes amid easing geopolitical 
tensions and declining inflation, fuelling speculation about a renewed rally. 
Bitcoin Likely To Rally As Global Tensions Simmer According to a recent 
CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin is likely to 
resume its upward trajectory, bolstered by a series of recent macroeconomic 
and geopolitical developments. The analyst highlighted multiple positive 
signals that could propel the top digital asset closer to its all-time high 
(ATH). Related Reading: Bitcoin Yearly Trend Suggests Cycle Top Near $205,000 
By Year-End, Analyst Says One of the key developments was an announcement by 
US President Donald Trump, who stated that a ceasefire agreement had been 
reached between Israel and Iran. This deal removes the immediate threat of 
Iran closing the Strait of Hormuz, a vital chokepoint for global oil supply. 
The ceasefire had an immediate and positive effect on global equity markets, 
with the S&amp;P 500 index surpassing 6,000 for the first time since February 
2025. This recovery signals growing investor confidence as geopolitical risks 
subside. In addition, crude oil prices dropped by 14%, adding to the 
disinflationary narrative. Lower energy costs help reduce production and 
transportation expenses, thereby supporting a broader decline in inflationary 
pressures. Taha concluded: The convergence of significant crypto outflows from 
Binance, falling oil prices, a bullish breakout in US equities, and the 
reduction of Middle Eastern tensions presents a striking scenario. With the 
geopolitical overhang removed, inflation easing, and macro markets 
stabilizing, Bitcoin is now well-positioned to resume its upward trajectory. 
Meanwhile, Bitcoin whales &#8211; wallets holding large amounts of BTC &#8211; appear to 
be quietly accumulating in anticipation of a breakout. In another CryptoQuant 
post, contributor Mignolet noted that whale accumulation has been rising 
steadily since BTC bottomed in April. Mignolet pointed out that whale activity 
typically increases during periods of low market attention or heightened fear, 
often foreshadowing bullish reversals. Historical data supports this trend, 
showing that increased accumulation often precedes significant price surges. 
Bullish Quarter For BTC In an X post published today, seasoned crypto analyst 
Titan of Crypto stated that BTC is set to close a bullish monthly candle, 
reinforcing the long-term uptrend for the flagship cryptocurrency. Several 
other on-chain and technical indicators also suggest further upside potential. 
For example, Bitcoin Binary CDD shows that long-term holders are continuing to 
hold rather than sell, indicating strong conviction in BTC’s long-term value. 
Related Reading: Bitcoin Forming Inverse Head And Shoulders Pattern – Is 
$150,000 The Next Target? At the same time, the number of short positions is 
climbing as BTC consolidates between $100,000 and $110,000. This dynamic 
raises the probability of a short squeeze, potentially propelling Bitcoin to a 
new ATH. At press time, BTC trades at $105,408, up 5.2% in the past 24 hours. 
Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

Bitcoin Poised For Rally As Geopolitical Tensions Ease And Inflation Expectations Fall

US crypto stocks surged on Tuesday amid a shaky Donald Trump-brokered 
ceasefire agreement between Iran and Israel.