Fund manager Bill Miller IV says the government shouldn’t be able to tax Bitcoin because it requires no work on their end.

Taxing Bitcoin ‘doesn’t make a ton of sense’ — Fund manager

From billion-dollar Bitcoin movements to courtroom maneuvers and cross-border 
hacks, this week’s crypto headlines span the strange, the strategic, and the 
staggering.

Satoshi stirs, FTX looks abroad, Brazil central bank hacked | Weekly Recap

FTX is seeking court approval for a new claims process that could affect 
creditors from 49 jurisdictions where crypto is banned or restricted.

Why FTX creditors in 49 countries may be cut from payouts

Bitcoin is currently holding just above the $108,000 level and bulls are 
maintaining momentum after a volatile start to July. However, a closer look at 
on-chain data shows how fragile that position might be. Interestingly, two 
support levels, $106,738 and $98,566, are now the most important zones for 
bulls to defend. These levels represent clusters of addresses holding large 
amounts of Bitcoin, and losing them could trigger a deeper correction. Related 
Reading: XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer 
Of Wealth’ Bitcoin’s Support Clusters Around $106,000 And $98,000 Taking to 
the social media platform X, crypto analyst Ali Martinez pointed to two major 
support levels based on data showing Bitcoin&#8217;s purchase clusters. This data is 
based on Sentora’s (previously IntoTheBlock) In/Out of the Money Around Price 
metric among addresses that bought Bitcoin close to the current price. As 
shown by the metric, the most important current zones of purchase are at 
$106,738 and $98,566. These two zones are where massive buying activity has 
occurred in the past few weeks, and they could act as support in case of a 
Bitcoin price crash. The first zone, between $104,982 and $108,190, contains 
1.68 million addresses with a total volume of 1.28 million BTC at an average 
price of $106,738. Below the first zone, a larger group of 1.71 million 
addresses holds a greater volume of 1.25 million BTC within the price range of 
$95,248 to $98,566, with an average price of $98,566. As long as Bitcoin 
continues to trade above these levels, the ongoing rally could continue to 
push upward. However, if these pockets of demand are broken with enough 
selling pressure, the leading cryptocurrency could enter into an uncertain 
price zone with little buying interest to provide support. Speaking of selling 
pressure, on-chain data shows a slowing sell pressure among large holders. 
According to data from on-chain analytics platform Sentora, Bitcoin recorded 
its fifth straight week of net outflows from centralized exchanges. The past 
week alone saw more than $920 million worth of BTC moved into self-custody or 
institutional products, mostly Spot Bitcoin ETFs. Bitcoin Needs To Break 
Weekly Resistance For New Highs Even with solid demand zones beneath, 
Bitcoin’s path to new highs is not yet confirmed. Analyst Rekt Capital weighed 
in with his analysis, noting that Bitcoin is currently facing a strong weekly 
resistance band just under $109,000. Particularly, Bitcoin is at risk of a 
lower high structure on the weekly candlestick timeframe chart. Rekt Capital 
noted that a weekly close above the red horizontal resistance line must be 
achieved in order for Bitcoin to reclaim a more bullish stance. That 
resistance, which is currently around $108,890, is acting as a ceiling for 
Bitcoin’s upward rally. Related Reading: Dogecoin Social Surge: Rising Buzz 
And Network Use Spark New Interest As such, Bitcoin would need to make a 
weekly close above $108,890 to position itself for new all-time highs. Unless 
there is a convincing break of that level, the price action of Bitcoin could 
be erratic and susceptible to a retracement to $106,000. At the time of 
writing, Bitcoin is trading at $108,160. Featured image from Unsplash, chart 
from TradingView

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Max Crown, CEO of the TON Foundation, announced the launch of an initiative 
allowing Toncoin holders to secure a 10-year Golden Visa in the UAE. 
Participants can obtain the visa by staking 100,000 in TON for three years and 
paying a one-time processing fee of $35,000. The process promises fast 
approval, with visas issued in […]

TON Launches UAE Golden Visa Initiative for Toncoin Holders

Bitcoin’s climb past $110,000 this week has reignited a fresh round of bullish 
calls. Prices hit $110,150 on July 3 and traded a little past $108,000 level 
at last check, showing a small 0.41% dip in 24 hours but a 1.20% rise over 
seven days. Related Reading: Dogecoin Social Surge: Rising Buzz And Network 
Use Spark New Interest This steady move higher has drawn voices from social 
media, stirring debate on whether Bitcoin is truly underpriced or in danger of 
slipping back below key levels. Undervalued At $110K According to Altcoin 
Daily, Bitcoin at $110,000 is “undervalued,” with the analysts arguing there’s 
plenty of room to run. That bold claim has fans cheering, and some even dream 
of $1,000,000 down the road. Bitcoin at $110k is undervalued! [screenshot 
this] — Altcoin Daily (@AltcoinDaily) July 3, 2025 Other users have pushed 
back, asking what on‑chain data or metrics back up this view. They point out 
that until Bitcoin clears resistance at $110,500, a real breakout isn’t 
confirmed. Based on reports from market trackers, global liquidity is on the 
rise. Market observers picked up on that, saying more cash floating around can 
push Bitcoin higher. Rising liquidity often fuels big moves in risk assets. 
Still, traders keep an eye on futures funding rates and miner sell‑pressure, 
looking for clues if a pullback is brewing. Global Liquidity just hit a new 
ATH. Bitcoin will follow! pic.twitter.com/gH1Kl2D1Zw — Crypto Rover 
(@rovercrc) July 3, 2025 Mixed Views Online Some followers argue that 
inflation and new tariffs could dampen Bitcoin’s rally. Others note that 
central banks are still buying time before any rate hikes, which may give 
crypto another boost. The back‑and‑forth on social media reads like a mini war 
room, with short comments and deep threads floating around. Plenty of voices, 
but few hard answers. Past Bull Runs Altcoin Daily wasn’t shy about past calls 
either. Just days earlier, they said that once Bitcoin tops $150,000, 
investors would wish they’d bought more at lower prices. That kind of 
hindsight talk can be stirring, but it doesn’t change the here‑and‑now charts 
or the macro calendar. Exec Calls For Hedge Based on remarks by Matt Hougan, 
Chief Investment Officer at Bitwise, now could be a good time to buy Bitcoin. 
Hougan pointed to Ray Dalio’s warnings about US debt, which has swelled past 
$7 trillion in annual spending against $5 trillion in revenue. With each 
household on the hook for roughly $230,000, Dalio says holding Bitcoin can act 
as a hedge against future money‑print risks. Related Reading: Ethereum Network 
Awakens—Massive On-Chain Moves Signal What’s Coming Price Action On Crosshair 
Investors will be watching both price action and big‑picture events. A solid 
break above $110,500 might pull in more buyers. But if inflation surprises on 
the upside or tariffs hit harder, odds could shift quickly. For now, Bitcoin’s 
story is still unfolding—and the next few days could tell us a lot about where 
it’s headed. Featured image from Meta, chart from TradingView