Dimon Trying To Protect

Speaking on Fox Business on June 11, Garlinghouse pushed back against Dimon’s recent criticism of the CLARITY Act, a bill designed to establish a regulatory framework for digital assets in the U.S.

Dimon had argued that certain provisions could weaken oversight and allow crypto firms to offer reward programs that compete with traditional banking products.

Garlinghouse rejected those claims.

He noted that a large portion of global crypto trading activity remains offshore, arguing that clear domestic regulations would improve consumer protections while attracting more activity back to the U.S.

“What Jamie Dimon did a disservice,” Garlinghouse said. “Representing that…

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Former FTX CEO Sam Bankman-Fried has lost his appeal seeking a new trial, with a federal appeals court upholding his fraud conviction and 25-year prison sentence.

What Happened

On Friday, the U.S. Court of Appeals for the Second Circuit affirmed the conviction of Sam Bankman-Fried, rejecting arguments that he was denied a fair trial and improperly prevented from presenting key evidence.

The decision leaves intact the verdict reached by a New York jury in November 2023, which found Bankman-Fried guilty on seven counts of fraud and conspiracy tied to the collapse of cryptocurrency exchange FTX, The Block reported.

Prosecutors characterized the scheme as one of the largest financial frauds in…

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Hoskinson Moving AMAs To Discord While Keeping X For Broadcasts Only

Hoskinson posted Friday that he is working with community member Phillip Pon to build a new Cardano Discord server, framing it as a move toward better-moderated discussions away from X’s noise. 

He will continue broadcasting livestreams to his million X followers but will only take AMA questions from the new Cardano and Midnight Discord servers going forward.

“I will continue broadcasting live streams to X as I have a million followers here, but will only take AMA questions from the new Cardano and current Midnight discords,” Hoskinson posted. 

He dismissed critics who interpreted his continued broadcasts as a full…

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Three Support Levels Stack Between $48,000 and $61,000

Dragosch mapped out the structural supports sitting beneath current spot price at BTC Prague Thursday. 

The 200-week moving average sits near $61,000, the realized price near $56,000, and the long-term holder cost basis near $48,000. 

Each level represents a zone where historically buyers have stepped in, with $48,000 being the worst-case floor if all three give way.

Despite the bearish downside scenario, Bitwise’s experimental bottom-cycle probability model began ticking higher last week, even as on-chain indicators remain below the extremes that typically mark prior cycle lows. 

Dragosch attributed the recent sell-off primarily to…

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Saylor Says The Advice Was For Individuals, Not Companies

Saylor confronted the contradiction directly from the Prague stage.

He acknowledged telling individual investors never to sell their Bitcoin but said that advice was never directed at Strategy as a corporation.

“I said to you, never sell your Bitcoin. I never said that the company wouldn’t sell its Bitcoin,” Saylor said in a video shared on X. 

“Anybody that’s been listening to our earnings calls or reading our disclosures or has half a brain knows for the last five years, we’ve been very clear that of course we sell the Bitcoin if we have to,” he added.

The sale itself barely registers against the size of the position….

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Digital Credit As A New Bitcoin Bid

Speaking on the Bitcoin Magazine Podcast on June 10, Cole described the latest Bitcoin selloff as a “classic” but relatively mild bear market.

“The fundamentals around Bitcoin have never been stronger,” Cole said, pointing to growing institutional adoption, ETF distribution through retirement accounts, improving regulation and the rise of digital credit products.

Cole expects Bitcoin could move back above $80,000 and potentially return to six figures later this year.

BTC-backed digital credit products represent a new source of capital entering the ecosystem as the demand for these instruments is not primarily coming from investors selling Bitcoin,…

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