Bitcoin price recovers – But ONE hurdle keeps BTC bulls on edge

The post New Hampshire rejects $100M Bitcoin-backed bond proposal appeared on BitcoinEthereumNews.com. New Hampshire’s Executive Council on July 8 cast a 3-2 vote to block a $100 million municipal bond that would have been secured by Bitcoin, ending a program promoted by Governor Kelly Ayotte and finance officials as the first initiative of its kind in the country. The vote halted the approach that the New Hampshire Business Finance Authority (BFA) spent months developing after the board approved a $100 million first issue last November. However, the deal had always required the approval of the Governor and the Executive Council. According to the Boston Globe, Councilor Karen Liot Hill made a motion to table the motion at the meeting on Wednesday, and since no one supported her, it went to a vote to decide what to do. Liot Hill, the only Democrat in the Council, joined the Republicans Janet Stevens and David Wheeler to vote against the proposal while Joseph Kenney and John Stephen vote

DeFi's resilience amid Bitcoin's decline signals a market shift towards revenue-generating protocols, attracting institutional interest and redefining risk. The post Bitwise reports DeFi tokens outperform Bitcoin amid quiet re-rating appeared first on Crypto Briefing.

The post Bitcoin Self-Custody Draws 70% of EU Funds Leaving Binance Under MiCA appeared on BitcoinEthereumNews.com. Crypto News Bitcoin and other digital assets are flowing into self-hosted crypto wallets rather than licensed exchanges as the European Union’s Markets in Crypto-Assets (MiCA) regime reshapes the region, according to Binance co-CEO Richard Teng. Speaking at an industry summit in Singapore, Teng said 70% of the funds withdrawn by affected EU users moved into self-custody, while only 30% shifted to platforms licensed under the new rules. His argument is that MiCA, designed to pull users under regulatory oversight, is instead pushing them beyond regulators’ reach. That 70-30 split has become the central data point anchoring his critique of how the framework is playing out. The shift traces back to Binance’s decision to withdraw its MiCA license application in Greece in late June, after which the exchange stopped onboarding new EU customers on July 1. Teng said approval had b

The post Coinbase Legal Chief Grewal Steps Down After Six Years of Bitcoin Policy Wins appeared on BitcoinEthereumNews.com. Crypto News Coinbase Global chief legal officer Paul Grewal will leave the largest US cryptocurrency exchange on July 31, closing a six-year run that reshaped the company’s legal footing. The filing submitted to the SEC (EDGAR) shows Grewal notified Coinbase on July 8 that he would step down as chief legal officer and corporate secretary. He plans to transition into an advisory capacity through October and will keep his seat on the board of Coinbase National Trust Company. Grewal joined in 2020 from Facebook, where he served as deputy general counsel, after more than five years on the bench as a federal magistrate judge. Neither the exchange nor Grewal cited any dispute. Grewal’s tenure is bookended by two landmark moments for the sector, the first being Coinbase’s April 2021 public debut. He helped steer the company through a Nasdaq direct listing that made Coinb

The post DeFi Holding up Unusually Well in Down Market: Bitwise appeared on BitcoinEthereumNews.com. Decentralized finance (DeFi) tokens have held up unusually well against Bitcoin over the past month, suggesting the market may be “quietly re-rating” the sector, says crypto index fund maker Bitwise. Bitcoin (BTC) fell about 22% in June, while Bitwise’s index tracking tokens from major DeFi protocols fell only 4% over the same period, Bitwise said in a report Thursday. “DeFi usually swings much harder than Bitcoin, so holding up this well is unusual, and almost no one is talking about it,” it said.  DeFi tokens have a reputation for being highly volatile during crypto market swings, as they’re the first to be sold by risk-averse traders. However, Bitwise said this is changing as traditional institutions have begun to use the protocols, which have stabilized the wider DeFi ecosystem. “We think DeFi is quietly re-rating,” Bitwise said. “Token economics are improving, the gap between usage

“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual,” says Bitwise, as DeFi tokens have outperformed Bitcoin.

The post Polymarket prices BTC above $52K at 99.95% as CLARITY Act chatter builds appeared on BitcoinEthereumNews.com. Jessie A Ellis Jul 10, 2026 02:03 A new report says Bitcoin’s rebound is being pitched as a “CLARITY Act” catalyst over the next four weeks, even as no Senate floor vote is scheduled and delays could push action past Aug. 7. Polymarket prices BTC above $52K at 99.95% as CLARITY Act chatter builds Polymarket Holds Steady as CLARITY Act Timeline Becomes a Catalyst Narrative for Bitcoin July 11 Strikes Polymarket’s “Bitcoin above ___ on July 11?” ladder is pricing a high-confidence floor at the lower strikes, with $335,670 traded and the leading $52,000 outcome sitting at 99.95% Yes. The setup comes as traders digest a Washington-focused catalyst narrative tied to the CLARITY Act timeline, but the ladder shows where conviction fades at higher levels. Key Takeaways Polymarket implies a 99.95% chance Bitcoin is above $52,000 on July 11 (and 99.05% above $6

Corporate Bitcoin accumulation outpacing mining could tighten supply, heightening market volatility and systemic risk from potential liquidations. The post Public companies bought 110,000 Bitcoin in Q2 2026, nearly doubling their prior two-quarter haul appeared first on Crypto Briefing.