US House lawmakers have been urged by 65 crypto organizations to pass the CLARITY Act, which would hand most policing of crypto to the CFTC.

Coinbase crypto lobby urges Congress to back major crypto bill

The Blockchain Group (Euronext Paris: ALTBG) has confirmed the acquisition of 
116 bitcoin for approximately €10.7 million (about $12,5M), bringing its total 
holdings to 1,904 BTC, valued at around €172 million (approximately $202M). 
This announcement follows the final completion of a capital increase as part 
of the “ATM-type” capital increase program with TOBAM, which raised […]

The Blockchain Group Acquires 116 Bitcoin, Total Holdings Reach 1,904 BTC With 1,348.8% YTD Yield

Metaplanet&#8217;s stock trading volume in June nearly doubled to approximately 
$11.6 billion as it accelerates its Bitcoin treasury strategy, surpassing 
Toyota Motor and Sony Group. Based on data from the Tokyo Stock Exchange, the 
Tokyo-based investment firm&#8217;s stock trading volume…

Bitcoin-focused Metaplanet surpasses Toyota and Sony in stock trading volume

Metaplanet aims to leverage its growing Bitcoin treasury to acquire cash- 
generating businesses, with a digital bank in Japan among its possible 
targets.

Metaplanet eyes digital bank acquisition in phase 2 of Bitcoin strategy

After achieving its highest weekly close to date, Bitcoin (BTC) is now 
attempting to confirm two crucial levels as support before continuing its 
rally to new highs. Some analysts have suggested that the cryptocurrency may 
be experiencing a “calm before the storm” phase. Related Reading: Brazil’s 
Central Bank Hacked—$40M In Crypto Washed In Aftermath Bitcoin Set For Key 
Support Confirmations Bitcoin managed to close above two crucial levels over 
the past few days, recording its highest weekly close in history. Last week, 
the flagship crypto positioned itself for a reclaim of its final major weekly 
resistance around $109,000 after nearing this area for four days. On Sunday, 
BTC surged above the key barrier and closed the week around the $109,200 mark, 
also successfully confirming its diagonal daily trendline as support. Now, the 
cryptocurrency is retesting the final resistance to confirm the breakout. Rekt 
Capital affirmed that the goal is to turn this resistance into support, as it 
could push BTC to new all-time highs (ATH). He explained that “given how price 
barely Weekly Closed above the final Weekly resistance, it offers very little 
chance for price to cleanly retest this level into support; that is, this 
retest is likely going to be a volatile one.” Nonetheless, the analyst noted 
that the cryptocurrency has significant High Timeframe (HTF) support beneath 
it that “should act as a demand area to springboard price into Price Discovery 
Uptrend 2 over time.” Notably, Bitcoin reclaimed and held the high zone of its 
re-accumulation range, around the $104,400 mark, as support over the past two 
weeks. Meanwhile, June Monthly Closed above the $102,464 level and retested it 
post-breakout “to enable this current July upside candle,” setting it as a 
monthly support. Additionally, the $107,244 level also emerged as a crucial 
area after last month’s close, driving BTC “back to its retesting phase.” BTC 
To Breakout After The Summer? Rekt Capital considers BTC’s current phase as 
“the calm before the storm,” adding that “for as long as the post-breakout 
retest will continue, Bitcoin will continue to be positioned for its second 
Price Discovery Uptrend.” However, he pointed out that it is currently locked 
between $104,400 and $111,000 levels so far this month. Daan Crypto Trader 
warned investors that the upcoming days could be crucial for BTC’s price 
action this month. He highlighted that Bitcoin has tended to set its monthly 
high or low within the first 12 days over 80% of the time, before price trends 
around 20% in the opposite direction. Remarkably, June was an exception after 
Bitcoin remained relatively stable with only small moves in each direction. 
Now, the analyst thinks it’s time to be “on the lookout again for any big move 
up or down within the first 12 days” to potentially determine BTC’s trend for 
the rest of the month. “For now, there has been little action in July yet,” 
Daan stated, but added that “technically, we&#8217;re still looking perfectly” 
around the current levels. He asserted that, with the slower pace during the 
summer, BTC could remain within its current range until a real move up begins 
at the end of Q3 and start of Q4. Related Reading: Analyst Predicts XRP Price 
Will Reach $20-$30 — Elliott Wave Theory Holds The Key The trader concluded 
that the cryptocurrency must officially break out of its range before 
investors get excited for “much higher later this year.” As of this writing, 
Bitcoin is trading at $107,973, a 1% decline in the daily timeframe. Featured 
Image from Unsplash.com, Chart from TradingView.com

Bitcoin Back In ‘Retesting Phase’ After Key Level Reclaim – The Calm Before The Storm?

Bit Digital has officially pivoted to a fully Ethereum-based treasury 
strategy, dumping its remaining Bitcoin holdings in favor of the world’s 
second-largest cryptocurrency. According to a press release on July 7, the 
Nasdaq-listed company has sold about 280 Bitcoin (BTC)…