Bitcoin Consolidates as Realized Profits Stay Low – No Signs Of Major Sell-Off Yet

US lawmakers are drafting a Senate version of a crypto market structure bill, which could bring new regulations to digital assets. While this signals progress, it might also add more complexity to an already uncertain regulatory landscape for cryptocurrencies.

Editor’s Note: Crypto regulation in the US has been messy and slow, leaving businesses and investors in limbo. If this bill moves forward, it could either clarify the rules—or just create more confusion. Either way, it’s a big deal because clearer laws could shape how crypto grows (or struggles) in the US for years to come.

Solana's price has taken a 13% hit over the past week, dropping it to a crucial on-chain support zone between $145 and $147. Analysts at Glassnode are eyeing this level as a potential turning point, where buyers might step in to halt further declines. The big question now is whether this support will hold or if the slide continues.

Editor’s Note: For crypto traders and Solana holders, this isn’t just another dip—it’s a test of whether the network’s underlying investor base is strong enough to prop up the price. If the support cracks, it could signal deeper trouble ahead. But if it holds, it might reassure the market that Solana’s recent rally wasn’t just a fluke. Either way, it’s a moment worth watching.

Ethena Labs and Securitize have teamed up to let investors swap between BlackRock’s tokenized treasury fund (BUIDL) and Ethena’s stablecoin (USDtb) anytime, day or night. This is the first time institutional and DeFi users can seamlessly trade these assets 24/7, bridging traditional finance with crypto in a way that wasn’t possible before.

Editor’s Note: This isn’t just a technical upgrade—it’s a small but meaningful step toward making traditional financial assets (like U.S. Treasuries) as fluid and accessible as crypto. For institutions and DeFi traders alike, it means more flexibility and fewer barriers when moving between "real-world" yield and stablecoins. It’s another sign that Wall Street and crypto are slowly but surely learning to play nice.

Big-name crypto investor a16z just wrestled back its X account after hackers briefly hijacked it to push a scam token. The breach happened on June 18, but the firm acted fast to shut down the fake crypto shilling—no word yet on how the hackers got in.

Editor’s Note: Even the pros aren’t immune to social media hacks, and when a high-profile VC’s account gets compromised, it’s a reminder that crypto scams are still running wild. For regular users, it’s a heads-up to stay skeptical of "too good to be true" token promos—even if they seem to come from legit sources.

Bitcoin is seeing something unprecedented: more old coins are being held (and not moved) than new ones being created. This tipping point happened after the April 2024 "halving," which cut the rate of new Bitcoin issuance in half. Essentially, long-term holders are sitting tight while fresh supply slows—a sign that scarcity could be tightening.

Editor’s Note: This isn’t just a nerdy Bitcoin stat—it’s a big deal because scarcity drives value. If fewer coins are circulating (and more are getting locked away), basic supply-and-demand logic suggests prices could rise… unless everyone suddenly decides to cash out. It’s a watch-this-space moment for crypto markets.