Bitcoin price dips below $34K as a day of Grayscale’s giant BTC unlocking draws near
Downward volatility hits the market on Sunday, as market participants argue that most of the drop is already complete. Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well-founded. A comedown from resistance at near $40,000 continued to unfold, with low volumes highlighting little interest in protecting price action much above $30,000.
Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’
Goldman has flip-flopped again declaring crypto assets as unworthy of investment in the same week it expands its crypto trading desk. Wall Street investment bank Goldman Sachs has made another U-turn on its stance toward Bitcoin as it struggles to define the asset’s investment status.
$71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017
The Financial Action Task Force, a membership body of 37 jurisdictions and two regional organizations, has flagged Malta’s initial push to attract cryptocurrency business as “problematic.” Malta’s strategy to become a global enclave for digital assets appears to be working, though lax regulatory oversight has raised concerns over money laundering and other financial crime.
ZoidPay brings crypto shopping to Amazon, eBay, and 40M+ online retailers
ZoidPay, a company focused on cryptocurrency mass adoption, is launching a platform where consumers can shop using their digital assets from any big retailer across the world, including Amazon, eBay, and Alibaba. ZoidPay has begun building an entire ecosystem around the global shopping experience, complete with staking and decentralized finance mechanisms.
Ethereum faces largest ever options expiry as bears appear to dominate
A record number of Ether options is set to expire on June 25 as ETH looks to BTC to reverse its price momentum. Ether (ETH) faces its largest options expiry ever on June 25 as nearly $1.5 billion out of $3.3 billion notional open interest (OI) in ETH options will expire. June’s expiry has over 638,000 ETH options contracts in its purview, accounting for 45% of the total open interest in these options.