Selling from all angles pushed Bitcoin below $71,000 at the weekly open, but early bullish positioning in BTC derivatives may signal the start of a recovery. Key takeaways: Bitcoin (BTC) dropped below $71,000 on Monday for the first time in seven weeks, liquidating $276 million in leveraged bullish positions as traders reduced their positions amid renewed military action between the US and Iran. Despite this heightened risk aversion, whales and market makers increased their bullish exposure in the Bitcoin derivatives markets. Read more
The integration gives fintech and institutional platforms a new pathway to evaluate DOGE amid signs of slowing crypto adoption. The Dogecoin Foundation’s corporate arm has partnered with Paxos to integrate DOGE across its brokerage and custody infrastructure, potentially expanding access to the memecoin through regulated financial channels. According to a Monday announcement, Dogecoin (DOGE) will become available through Paxos’ brokerage and custody platform, allowing the company’s fintech, payments and institutional clients to evaluate support for the memecoin. Paxos provides crypto infrastructure for several major fintech and brokerage platforms, including PayPal, Venmo, Interactive Brokers and Mercado Libre. Read more
Many Democratic lawmakers have said that they will not support any version of a crypto market structure bill without provisions on ethics to address potential conflicts of interest by elected officials. US Senate consideration of the Digital Asset Clarity (CLARITY) Act is likely to resume as members reconvene this week after an extended Memorial Day holiday. Many US lawmakers and crypto industry leaders are pushing for consideration of the CLARITY Act, a crypto market structure bill introduced by Republicans and passed by the House of Representatives in July 2025. The bill, expected to give more authority to the federal commodities regulator over digital assets, passed two crucial committees before the one-week break. It has been debated in Congress amid pushback from industry and banking representatives over stablecoins, tokenized equities and other issues. Read more
Bitcoin’s sharp volatility decline coincides with a 114-day trading range, setting the stage for a potential 10% to 20% price move, but the direction remains uncertain. Bitcoin's realized volatility has fallen to 17.2%, one of its lowest levels in recent months. Multiple Bitcoin analysts have said that long periods of price compression, alongside declining volatility, have historically preceded double-digit rallies. Bitcoin researcher Axel Adler Jr. said that BTC’s one-week realized volatility, smoothed over a 30-day period, has fallen to 17.2% from 39% this quarter, a 56% decline. Read more
The Parliamentary Association for the Promotion of Blockchain delivered recommendations to Japan’s finance minister on crypto and blockchain. A group of lawmakers within Japan’s Liberal Democratic Party (LDP) are seeking reforms to the country's cryptocurrency taxation system, as well as support for initiatives for the development and adoption of yen-denominated stablecoins. According to a Monday Nada News report, the LDP’s Parliamentary Association for the Promotion of Blockchain delivered recommendations to Finance Minister Satsuki Katayama, including provisions on stablecoins, exchange-traded funds (ETFs), central bank digital currencies (CBDCs), and applications for blockchain technology. The document proposes doubling the leverage cap for retail cryptocurrency derivatives trading and establishing a framework for ETFs tied to digital assets. Read more
Strategy’s 32 BTC transaction has sparked debate over how investors value Bitcoin treasury companies as capital structure and liquidity considerations evolve. Shares of Michael Saylor’s Strategy fell Monday after the company disclosed its first Bitcoin sale since adopting a “never sell” philosophy, prompting fresh scrutiny of the corporate Bitcoin treasury model. Nasdaq-traded MSTR stock was down more than 6.5% to start off the week before paring back some of that decline by early afternoon on Monday. Although short-term price action rarely determines broader trends, Strategy’s sale of 32 Bitcoin (BTC) last week challenged the long-held perception that the company would only accumulate BTC and never liquidate its holdings, according to digital asset research and advisory firm Delphi Digital. Read more