Onchain data points to a major Bitcoin price rally in the making, while short-term price weakness highlights the absence of “new” buyers. Key takeaways: Stablecoin inflow patterns mirror levels seen after the LUNA and FTX collapse. Pointing to fresh accumulation and the potential for a breakout rally. Bitcoin holds above $100,000, but new user activity is still low, indicating a “HODL” phase where holders are waiting for fresh demand to drive prices higher. Read more
A lower court ruling will stand in a case involving a Coinbase user who filed a lawsuit against the IRS after the crypto exchange turned over transaction data. The United States Supreme Court has refused to hear a case involving a Coinbase user alleging violations of his Fourth Amendment rights over data sent to the Internal Revenue Service (IRS). In a Monday notice, the country’s top court denied a motion to review James Harper’s case against the IRS and several of its officials. The case stemmed from the IRS compelling Coinbase to turn over data from certain users in a “John Doe” summons, resulting in Harper filing a lawsuit against the federal tax collection agency in 2020. Harper’s initial complaint alleged that the IRS and its officials conducted an “unlawful search and seizure of [his] private financial information,” in violation of the Fourth Amendment of the US Constitution. Read more
REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards. The first US staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana (SOL) and earn yield through staking. Two days after Cointelegraph reported that the REX-Osprey Solana and Staking ETF could launch imminently, issuer REX Shares confirmed on Monday that the fund is set to debut. As the name suggests, the REX-Osprey fund will give investors direct exposure to spot SOL along with staking income, potentially paving the way for broader institutional adoption of crypto. Read more
Bitcoin continues to face sellers at $109,000 even as most traders anticipate all-time highs and select altcoins rally at the start of the week. Key points: Bitcoin is facing selling near $109,000, but the shallow pullback suggests the uptrend may resume. BNB and HYPE are showing strength, having broken above their immediate resistance levels. Read more
Analyst Lyn Alden discusses whether Bitcoin has reached the top of the four-year market cycle and how to navigate the current macroeconomic uncertainty. Bitcoin has been stuck just above $100,000 for months and the question now is whether that level marked the top of the cycle, or if there’s still room to run. In our latest interview, macro analyst Lyn Alden breaks down where we might be in the current Bitcoin cycle, and why this one could look different from previous runs. While the classic four-year halving pattern has guided expectations in the past, she suggests that liquidity conditions and macroeconomic shifts may now be playing a more dominant role. The conversation touches on several key themes shaping the market today: the impact of political developments, the growing presence of corporate Bitcoin treasuries and whether institutional interest is changing the character of Bitcoin cycles. Read more