According to @GreeksLive, Australian Bitcoin (BTC) miner IREN has successfully reached its midyear hashrate goal of 50 exahashes per second (EH/s), a significant increase from 31 EH/s at the end of last year. The source states this growth is primarily due to its 750MW facility in Texas. Following this mining milestone, IREN is now shifting focus to its 'Horizon 1' project, a 50MW AI data center, signaling a strategic expansion into high-growth computing markets. In separate news impacting the digital asset space, crypto exchange Gemini has started offering tokenized stocks to its European Union customers, beginning with shares of the major Bitcoin holder, MicroStrategy (MSTR). The source reports this initiative is a partnership with Dinari, a firm specializing in tokenizing real-world assets, reflecting a growing trend of bridging traditional finance with blockchain technology.

According to @CryptoMichNL, despite Bitcoin (BTC) trading near $106,000 after a bounce from geopolitical jitters, analysts are warning of a potential deeper pullback. John Glover, CIO at Ledn, suggests a corrective phase could see BTC drop to an $88,000-$93,000 range, which he views as a favorable entry point before a move to $130,000. Similarly, 10x Research founder Markus Thielen noted that BTC's drop below $106,000 signals a failed breakout, identifying the $100,000-$101,000 zone as key support. In parallel, NYDIG Research highlights that declining volatility has made options trading relatively inexpensive, presenting a cost-effective opportunity for traders to position for directional moves ahead of potential market-moving catalysts in July.

According to @WhiteHouse, U.S. Senator Cynthia Lummis is pushing a significant crypto tax amendment that could boost mainstream adoption by waiving taxes on transactions under $300 and only taxing staking and mining rewards when they are sold, rather than upon acquisition. This legislative effort coincides with market-moving comments from President Donald Trump, who stated on Truth Social that robust economic growth would offset deficits from his proposed budget bill. This projection of loose fiscal policy has strengthened the bull case for inflation hedges, as noted by crypto analyst Will Clemente, who suggested the policy makes assets like Bitcoin (BTC) and gold more attractive than U.S. treasuries. In response, Bitcoin (BTC) traded up to $107,937, with technical analysis indicating a daily trading range between $107,194 and $108,489 and established support at the $107,300 level.

According to @AltcoinGordon, a significant trend is emerging where every fintech and crypto exchange is expected to launch its own Layer-2 (L2) blockchain within five years, a prediction made by OP Labs, the team behind Optimism (OP). This forecast is driven by the success of Coinbase's Base L2, which leverages Optimism's OP Stack to monetize dormant crypto assets through lending, as cited by OP Labs' Sam McIngvale. Other major exchanges like Kraken, Bybit, and Bitget are already following this model, suggesting a strong growth narrative for L2 infrastructure providers. However, the author raises concerns that this mainstream adoption and corporate alignment, such as Coinbase's political engagements, are diluting the original cypherpunk ethos of decentralization and challenging centralized power. This analysis comes as the market shows a slight downturn, with Bitcoin (BTC) down approximately 1.36% and Ethereum (ETH) down about 1.35% over the past 24 hours, presenting a complex landscape for traders weighing long-term adoption trends against ideological shifts.

According to @FarsideUK, bullish momentum for Bitcoin (BTC) is being fueled by significant institutional developments, including a directive for Fannie Mae and Freddie Mac to consider cryptocurrency holdings for mortgages, as stated by FHFA Director Bill Pulte. FxPro analyst Alex Kuptsikevich notes that the total crypto market capitalization is approaching a key volatility threshold and resistance zone between $3.40 trillion and $3.55 trillion. Spot BTC ETFs have continued their positive streak with 12 consecutive days of net inflows, totaling $548 million on the latest day, according to Farside Investors data. In altcoin news, SEI has surged 50% in a week due to what analysts call a "clean, multi-factor rally" driven by its selection for Wyoming's stablecoin pilot and strong on-chain metrics. From a technical perspective, the Binance-listed BTC/BCH pair is showing a potential golden cross formation, a long-term bullish indicator.

According to @WhiteHouse, Bitcoin (BTC) has risen to approximately $107,937 amid growing attention on U.S. fiscal policy after President Trump stated economic growth would offset deficits from his proposed tax cuts. Crypto analyst Will Clemente noted that this loose fiscal policy weakens the appeal of U.S. Treasuries and strengthens the bull case for inflation hedges like Bitcoin and gold. Concurrently, Senator Cynthia Lummis is pushing an amendment to a major budget bill that would waive taxes on crypto transactions under $300 and, critically for traders, tax staking and mining rewards only upon sale, not at acquisition. This proposed legislation, which also addresses wash sales and crypto lending, aims to reduce the tax burden on small-scale users and rationalize tax treatment for core industry activities, potentially boosting adoption and affecting profitability for miners and stakers.

According to @StockMKTNewz, the crypto market saw a stark divergence in the first half of 2025, with Bitcoin (BTC) climbing 13% while major altcoins crumbled. TradingView data shows Ethereum (ETH) tumbled 25% and Solana (SOL) shed 17%, with smaller tokens plunging 30%. Currently, BTC is trading around $107,401, while ETH is at $2,490 and SOL is at $154. Looking ahead, analysts are divided. LMAX Group's Joel Kruger is optimistic for the second half, citing historically strong performance in July and H2. Coinbase analysts also see a positive outlook driven by potential Fed rate cuts and U.S. regulatory clarity. However, Bitfinex analysts warn of a potentially lackluster third quarter, which is historically bitcoin's weakest, predicting range-bound price action. In the stock market, Coinbase (COIN) shares surged 43% in June, outperforming the S&P 500. This rally was fueled by investor focus shifting to stablecoin revenue potential, following legislative progress on the GENIUS Act, as reported by CNBC.

According to @Pentosh1, while XRP is showing strength with a 1.9% gain, Bitcoin (BTC) is facing technical headwinds as analysts monitor a potential double top pattern. Sygnum Bank's Head of Investment Research, Katalin Tischhauser, advises caution regarding the pattern, which has formed with peaks near $110,000 and a support neckline around $75,000. However, Tischhauser states that a 2022-style crash is unlikely without a black swan event, citing the resilience brought by sticky institutional capital. The analysis highlights that spot Bitcoin ETFs, which have attracted over $48 billion in net inflows according to Farside Investors, are acting as a significant price support mechanism. Tischhauser also suggests that this institutional-driven market may render the traditional four-year halving cycle obsolete as a primary price driver, as miner selling now constitutes a negligible fraction of daily trading volume.

According to @KobeissiLetter, the cryptocurrency market experienced a significant rally as institutional developments took center stage. Bitcoin (BTC) surged 3.1% to trade at $108,600, nearing its all-time record, while risk appetite returned to traditional markets with the S&P 500 and Nasdaq gaining 0.9% and 1.4% respectively. The rally was fueled by positive news, including a JPMorgan trademark application for digital asset services and an upcoming spot XRP exchange-traded fund (ETF) in Canada from asset manager Purpose, which pushed XRP's price up by 6-7%. Despite this, Nansen research analyst Nicolai Søndergaard stated that Bitcoin remains the primary market driver. Bitfinex analysts suggested that if BTC holds the $102,000-$103,000 support zone, it could signal a market recovery after recent sell-offs. In related stock news, Coinbase (COIN) shares rose an impressive 43% in June, outperforming the S&P 500, with analysts cited by CNBC attributing the strength to growing investor interest in stablecoin revenue streams ahead of potential regulation like the GENIUS Act.

According to @Pentosh1, Bitcoin (BTC) could reach $200,000 by year-end, a target now 'firmly in play' following softer-than-expected U.S. inflation data, as stated by 21Shares analyst Matt Mena. The favorable CPI report, showing a 0.1% rise against a 0.2% forecast, has increased expectations for Federal Reserve rate cuts, fueling market optimism. For traders, a key resistance breakout for BTC is the $105K-$110K range, which Mena suggests could lead to a sharp move to $120K. Meanwhile, Bitfinex analysts have identified the $102,000-$103,000 zone as a critical support level, suggesting a potential market bottom if it holds. The rally is also supported by institutional developments, including a JPMorgan trademark filing for digital asset services and the upcoming launch of a spot XRP ETF in Canada, which contributed to XRP's recent gains.

According to @MilkRoadDaily, the cryptocurrency market is witnessing significant strategic shifts from major blockchain networks. Polygon (MATIC) co-founder Sandeep Nailwal has taken over as CEO of the Polygon Foundation, initiating a major overhaul that includes retiring its zkEVM network to focus on the AggLayer cross-chain liquidity protocol. In parallel, the Ethereum Foundation (ETH) has introduced a new treasury policy, capping annual operational expenses at 15% to ensure long-term sustainability and focus on critical developments for 2025-26. Bitcoin (BTC) is also set for a key technical update, with Bitcoin Core version 30 planning to increase the OP_RETURN data limit, a move that could enhance its on-chain data capabilities. Further driving the market narrative are developments in decentralized finance and institutional adoption, including Plume Network's mainnet launch for real-world assets (RWAs) and Ant Group's plan to seek stablecoin licenses in Hong Kong and Singapore. These events unfold as Bitcoin trades around $107,124 and Ethereum around $2,487, both experiencing minor pullbacks.

According to @Pentosh1, softer-than-expected U.S. inflation data has significantly strengthened Bitcoin's (BTC) bull case, with analysts now seeing a potential surge to $200,000 by the end of the year. Matt Mena, a research strategist at 21Shares, stated that the recent CPI report could be the catalyst that accelerates BTC's momentum, bringing a $200K target "firmly in play." The cooling inflation has increased trader expectations for Federal Reserve rate cuts, with swaps pricing in approximately two 25-basis-point cuts this year, as cited in the report. Further bolstering this outlook, the U.S. dollar index (DXY) has fallen to its lowest point since February 2022, a development described by Bitwise's Andre Dragosch as "very bullish" for Bitcoin. Additionally, the analysis highlights a strong 90-day correlation of 0.80 between BTC and Nvidia (NVDA) stock, which recently achieved a new record high, suggesting a shared risk-on sentiment. Recessionary signals, such as a steepening yield curve and declining consumer confidence, are also viewed as potential drivers for capital inflow into Bitcoin.

According to @WhiteHouse, former President Trump's social media post suggesting economic growth will offset deficits from a proposed $3.8 trillion tax-and-spending bill has strengthened the bull case for Bitcoin (BTC) and gold. Crypto analyst Will Clemente reacted by stating such loose fiscal policy makes holding long-term U.S. Treasuries less attractive while reinforcing the argument for owning hard assets like Bitcoin as a hedge against inflation and currency debasement. For the week ahead, traders are focused on Federal Reserve Chairman Jerome Powell's testimony and the core PCE inflation data. According to Chris Weston of Pepperstone, dovish signals from Powell could fuel risk-taking and benefit BTC. The market consensus for the core PCE data is a 0.1% month-on-month increase, which could bolster expectations for a Fed rate cut. Based on the source's technical analysis, BTC established support at $107,300 while trading in a range between $107,194 and $108,489.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure bill, a timeline he considers realistic. This development, confirmed at a press event, aims to establish clear rules for the U.S. digital asset markets. President Donald Trump has also voiced strong support for crypto-friendly policies, advocating for the swift passage of the Senate's GENIUS Act for stablecoins and working towards "clear and simple" market frameworks to ensure U.S. dominance in crypto and Bitcoin (BTC), as stated in a recorded message at a Coinbase summit. However, potential delays exist as the House, led by Representative French Hill, has not committed to the Senate's timeline and may seek to reconcile differences between their respective stablecoin bills. Trump also referenced creating a "US Strategic Bitcoin Reserve," though this has not yet been established. This legislative push provides a critical timeline for traders monitoring the path to regulatory clarity in the United States, which could significantly impact market sentiment and institutional adoption.

According to @Pentosh1, despite Bitcoin (BTC) trading above $107,000, its volatility has trended lower, a phenomenon NYDIG Research attributes to increased demand from treasury companies and sophisticated options strategies. This low volatility environment presents a unique trading opportunity, as NYDIG notes that both call options for upside exposure and put options for downside protection have become 'relatively inexpensive.' Traders can leverage this to position for potential market-moving events in July, including the SEC’s decision on the GDLC conversion (July 2) and the Crypto Working Group’s findings deadline (July 22). While the macro outlook remains constructive, with analysts from HashKey Group and Kraken citing favorable economic data and institutional adoption, the broader crypto market shows signs of profit-taking. Altcoins such as Dogecoin (DOGE), Tron (TRX), Ether (ETH), Solana (SOL), and Cardano (ADA) have experienced pullbacks, indicating traders are locking in gains.

According to @EricBalchunas, several significant developments are providing key trading signals across the crypto market. Polygon co-founder Sandeep Nailwal is now CEO of the Polygon Foundation, initiating a major strategic pivot toward the AggLayer cross-chain liquidity protocol and retiring the zkEVM rollup network, according to a press release from the team. Meanwhile, OP Labs, the builder of Optimism, predicts every crypto exchange and fintech will launch its own layer-2 blockchain within five years, citing the success of Coinbase's Base network, which was built on the OP Stack. This trend is further evidenced by exchanges like Kraken, Bybit, and OKX developing their own L2s. In other major news, the Ethereum Foundation has implemented a new treasury policy, capping annual operational expenses at 15% to ensure long-term sustainability. Additionally, developers confirmed Bitcoin Core's version 30 release will increase the OP_RETURN data limit to nearly 4MB, a move that could significantly impact data embedding on the network. Finally, Ant Group's international unit plans to seek stablecoin licenses in Hong Kong and Singapore, signaling major institutional interest in the stablecoin sector.

According to @AltcoinGordon, while Bitcoin (BTC) is experiencing a period of low volatility described as a 'summer lull,' this presents a unique trading opportunity. NYDIG Research highlights that this decline in both realized and implied volatility makes options strategies, such as buying calls for upside exposure or puts for downside protection, 'relatively inexpensive.' Traders can leverage this to position for potential market-moving catalysts, including regulatory decisions and macroeconomic updates. Concurrently, the broader crypto market shows signs of fatigue, with major altcoins like Dogecoin (DOGE), Tron (TRX), Solana (SOL), and Cardano (ADA) experiencing profit-taking. Even Ether (ETH) is cooling after a recent surge. Despite this, analysts such as Augustine Fan of SignalPlus and Jeffrey Ding of HashKey Group note that the overall market sentiment remains constructive, bolstered by institutional adoption like crypto company IPOs and improving macroeconomic conditions.

According to @Polymarket, U.S. Senator Cynthia Lummis is pushing to include significant cryptocurrency tax reforms in a major budget bill. The proposed amendment would waive capital gains taxes on crypto transactions under $300, with an annual cap of $5,000, potentially lowering the barrier to entry for new users. For traders and network participants, the most crucial change involves the tax treatment of rewards from staking, mining, airdrops, and forks; the proposal seeks to tax these assets only upon their sale, rather than upon acquisition and again at sale, as is current practice. The source also notes this would align the tax policy with actual income realization. Additionally, the amendment aims to address the wash sale rule for crypto, closing a loophole used for tax-loss harvesting. Senator Lummis expressed a goal of finalizing comprehensive crypto legislation before the end of the calendar year, though she acknowledged the process faces bipartisan challenges. These potential changes represent a significant bullish catalyst for the U.S. crypto market, directly impacting the profitability of staking and mining operations and simplifying tax reporting for retail investors.

According to @MilkRoadDaily, a softer-than-expected U.S. consumer price index (CPI) report has significantly increased the likelihood of Bitcoin (BTC) reaching $200,000 by the end of the year. Matt Mena, a crypto research strategist at 21Shares, stated that the cooling inflation data serves as a major bullish catalyst, potentially bringing his firm's price targets forward by several months. Mena identified a key trading range, suggesting that if BTC breaks out of the $105,000-$110,000 zone with conviction, a rapid move to $120,000 could follow. The favorable inflation figures have led traders to price in approximately two 25-basis-point rate cuts from the Federal Reserve this year, further strengthening the case for risk assets like Bitcoin. Mena also noted that this macro tailwind, combined with increasing institutional adoption and forthcoming stablecoin regulation, could 'supercharge' ETF inflows and reinforce Bitcoin's position in global portfolios.

According to @MilkRoadDaily, the bullish case for Bitcoin (BTC) is gaining strength due to several key macroeconomic factors. The US Dollar Index (DXY) has fallen to its lowest level since February 2022, a development that Bitwise's Andre Dragosch described as "very bullish" for global money supply and Bitcoin, as it tends to encourage risk-taking. Concurrently, AI chipmaker Nvidia (NVDA) saw its shares hit a record high, maintaining a strong positive 90-day correlation of 0.80 with BTC, suggesting their price trends are closely linked. Further supporting the risk-on sentiment are signals of a potential recession and subsequent Federal Reserve easing. The bond market's yield curve is steepening, a historical recession indicator noted by wealth advisor Kurt S. Altrichter, and the Conference Board's consumer expectations index has dropped below a key recessionary threshold. Citing the CME FedWatch tool and Bloomberg, traders are now increasingly pricing in Fed rate cuts, with swaps indicating potential easing as early as July, creating a favorable environment for assets like Bitcoin.