Coin Corner

🇪🇺 Experts predict a wave of crypto company acquisitions following the launch of MiCA in Europe Following the launch of the European crypto regulation MiCA on July 1, it may be easier for smaller crypto companies to sell their business or merge with larger players than to comply with the new requirements, according to experts surveyed by CoinDesk here. Now, crypto exchanges and crypto startups must comply with the same requirements as banks and other financial organizations. In their view, companies without MiCA licenses will gradually leave the European market, and users and their assets will move to licensed participants. At the same time, self-custody of cryptocurrency will not disappear, but the mass market will shift towards regulated companies. Europe may follow the path of Switzerland. After the introduction of legislation for digital assets there, about three-quarters of the largest banks began offering cryptocurrency services. The banks themselves will likely not compete with crypto companies but will use their services for asset custody, staking, or tokenization.

Bitfinex: The "carry-trade" operation with $BTC has stopped generating profit. The basis remained below 5.5% annualized throughout the year, and last month dropped below 2%. 📉 Open interest in CME futures followed this trend, reaching its lowest level since the ETF launch in early 2024. Funding is gradually increasing. For this operation to become profitable again, the basis needs to expand. 📈

Since 2025, the inflow of stablecoins to exchanges has continued to decline. It has reached the most unbelievably low levels over this entire period. Today, the average monthly stablecoin inflow (USDT, USDC) stands at around $2.3 billion, while the yearly average is about $3.7 billion. At BTC's price peak, the average monthly inflow was $5.6 billion, and the yearly average was $4.3 billion. —> This trend clearly illustrates the current weakness in demand and the lack of interest from investors. But be cautious: quite often, the peak in stablecoin inflows is a lagging signal. While some accelerate profit-taking, exchanges increase the supply of stablecoins, accompanied by the actions of the last investors who believe BTC will only go up. For now, demand still needs to pick up.

According to data from River, corporate entities accumulated 115,000 BTC in Q2, whereas retail investors sold 78,000.

Japan could launch its first spot Bitcoin ETF as early as 2028. The country's largest financial institutions are already preparing their products, with the potential market estimated at ¥3 trillion (approximately $18 billion) in the first year alone. Earlier, Japan officially reclassified cryptocurrencies as financial assets, effectively bringing their regulatory framework closer to that of stocks and other investment instruments.

Robinhood launched its own blockchain on July 1, and in just 16 days, the total value locked (TVL) across its protocols surpassed $400 million. It's a strong start for a new network, although a significant share of the activity is currently driven by DeFi protocols and shitcoins rather than tokenized stocks.

Justin Sun announced the launch of an AI system for investigating crypto-related crimes — it analyzes large volumes of data and helps identify suspects more quickly. According to him, cases worth over $1 billion have already passed through the system, and about $100 million will be allocated as rewards for useful information and assistance in investigations.

Cryptocurrency trading volume exceeded $20 trillion in the first quarter The total trading volume on the crypto market in the first quarter of 2026 reached $20.57 trillion, according to a report from Coinglass. Of that amount, $18.63 trillion came from derivatives and $1.94 trillion from spot trading. Binance remains the market leader with a 34.9% share of the derivatives segment and assets totaling $152.9 billion. It is followed in this segment by OKX, Bybit, Gate, and Bitget. Hyperliquid exchange entered the top ten. Overall, trading activity on crypto exchanges has declined, with the majority of volume concentrated in derivatives and on the largest platforms.

Analyst: The shift in sentiment coincides with Bitcoin returning to its short-term holder cost basis level, which stands at $81,000 and continues to decline.

The average cost of mining 1 BTC as of mid-March is estimated at around $88,000, while the price of the leading cryptocurrency is about $69,000 — meaning miners are losing roughly $19,000 on each coin on average.

The 20 millionth coin has been mined on the Bitcoin network, leaving only 1 million BTC until the maximum supply limit of 21 million. At the current issuance schedule, the last BTC is expected to be mined around the year 2140.

The Crypto Fear & Greed Index has dropped to a record low of 5 out of 100 — an “extreme fear” level, even lower than after the Terra collapse in 2022.

MacroMicro: In the fourth quarter of 2025, hedge funds aggressively scaled back their investments in Bitcoin ETFs, reducing total holdings by 28% compared to Q3 levels. This pullback was triggered by the October peak above $126,000, which prompted a systematic de-risking, according to CF Benchmarks. Today, Bitcoin is trading around $66,000, down nearly 50% from its previous high, amid uncertainty surrounding new tariffs. This represents a mechanical retreat: yields on basis trades have collapsed from double digits to approximately 4%, as arbitrage has crowded out other instruments. This has diminished the carry effect that had previously supported positions.

Analyst: The Bitcoin/NASDAQ ratio is crucial. Historically, Bitcoin has always held at the 12-month exponential moving average (EMA) on this relative strength chart. A break below this level would be a structural sign of weakness.

Bitcoin is experiencing the most significant decline in volatility in its history.

BlackRock just deposited an additional $4,248 BTC ($281 million) and $5,734 ETH ($11 million) into Coinbase Prime's account.

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In the past 24 hours, the crypto market has lost about 5.5% of its market capitalization: Bitcoin fell below $83,000, Ethereum is trading around $2,700, and many altcoins dropped by 8–10%. Over the last 24 hours, traders’ positions worth $1.7 billion were liquidated, and the Fear and Greed Index is in the extreme fear zone at 16.

Strategy purchased an additional 2,932 BTC last week at a price of $90,061 per BTC.