The UN's International Maritime Organization (IMO) has condemned Iran's creation of an authority to control traffic in the Strait of Hormuz, calling on member states to reject Tehran's sovereignty claims over the critical oil chokepoint.
Cryptocurrency exchange BTCC has reported a significant increase in futures trading volume, surging by as much as 55% on days preceding Argentina's World Cup matches, driven by a promotional campaign linked to its partnership with the national team.
Global digital asset firm BTSE Group has launched BTSE Indonesia, a regulated cryptocurrency exchange, through a joint venture to tap into one of Asia's fastest-growing digital asset markets.
Cryptocurrency exchange Bybit has launched a promotional event with a 25,000 USDT prize pool, aimed at increasing user engagement with its fiat deposit and payment services until mid-July.
The rand weakened as escalating conflict in the Middle East dampened investor risk appetite, pushing capital away from emerging market currencies and causing a surge in oil prices.
Crypto derivatives exchange Deribit and software provider SignalPlus have kicked off their largest trading competition, featuring a prize pool of up to $600,000 USDC to attract sophisticated retail options and futures traders.
Cardano (ADA) experienced its largest single-day percentage gain since February, pushing its market capitalization above $7 billion. The rally outpaced gains in Bitcoin and Ethereum, though the token remains significantly below its all-time high.
Bitcoin's recent price advance has stalled at the key $63,300 resistance level, with technical indicators suggesting the rally is losing steam and raising the risk of a potential reversal.
Bitcoin is trading in a tight range just below the key resistance zone of $64,700, with technical indicators suggesting a significant price move is imminent. Declining volume during this consolidation period is raising concerns about a potential "bull trap."
