Bitcoin Miner MARA Holds Nearly 50K BTC as Production Falls in June

Traders on the prediction market Myriad are closely monitoring whether Bitcoin will close above $108,000 by the end of the week. With Bitcoin hovering near the $108K mark, the odds on Myriad have shifted to a 69% chance of it not reaching the target.

The U.S. Senate narrowly passed President Donald Trump’s reconciliation bill without key tax amendments benefiting crypto users. Despite efforts by pro-crypto senators and industry leaders, the amendments were not included due to time constraints.

New York Attorney General Letitia James has raised concerns about the U.S. Senate's stablecoin bill, urging Congress to enhance innovation while protecting the banking system. She proposed regulating stablecoin issuers as banks and requiring them to be domiciled in the U.S.

Hut 8 Corp.'s subsidiary, American Bitcoin Corp., raised $220 million in a private stock placement with accredited investors, including $10 million in Bitcoin. The funding will be used to increase Bitcoin reserves and buy more mining equipment, following a Rule 506 exemption from SEC registration.

Bitcoin Cash (BCH) surged 15% in a week, hitting a seven-month high at $519.10. The rally, driven by whale activity, outperformed the overall crypto market cap, which dipped 2.8%.

Bella Protocol's Token Yugijo coin flip game offers a transparently fair and verifiable experience, contrasting the unpredictable nature of trading meme coins. The game, built on Ethereum layer-2 network Optimism, aims to provide entertainment and a break from the chaos of crypto trading.

Coinbase's shares dropped 2.1% following the U.S. Supreme Court's decision and ARK Invest's $95 million share sell-off. The Supreme Court's refusal to hear Coinbase's appeal in Harper v. Faulkender and ARK Invest's rebalancing contributed to the decline.

Mastercard is expanding its crypto presence by hiring two senior leaders for digital assets and blockchain roles in the U.S. The Vice Presidents will focus on strategic partnerships in the digital asset sector and collaborating with financial institutions on blockchain uses.

Do Kwon's legal team and prosecutors requested a two-week extension to file pre-trial motions, despite claiming readiness. The judge approved the extension, allowing discussions to continue until July 15. The legal team also has until December 1 for expert disclosures.

Botanix, a Bitcoin-based layer-2 blockchain, aims to support DeFi applications by incorporating Ethereum's design elements. The network is decentralized, with a federation of node operators to prevent central control. Projects like Dolomite and GMX are debuting on Botanix, offering decentralized exchange and lending services.