Author: CryptoDispatchDaily.com

SkyBridge Capital founder Anthony Scaramucci and Galaxy Digital CEO Mike Novogratz said Bitcoin could reclaim $70,000 by the end of July 2026.  Summary Scaramucci sees negative Bitcoin sentiment as fuel for a possible move back above $70K soon. Novogratz says CLARITY Act progress could support Bitcoin, but timing remains politically uncertain this summer. The SpaceX IPO and Strategy trades add pressure to an already cautious crypto market setup. They made the call on the latest All Things Markets episode, which centered on SpaceX, U.S. debt, inflation, crypto rules, and Strategy’s Bitcoin moves. Scaramucci said he expects Bitcoin to return to…

TLDR: Nearly 3 million ETH is waiting to enter staking, creating an estimated 50-day validator queue. Ethereum’s validator exit queue has dropped near zero, showing limited interest in unstaking ETH. Bitmine added 125,000 ETH to its treasury as institutional accumulation remains in focus. ETH faces resistance below $1,700 while traders monitor major liquidation zones on both sides. Ethereum’s staking activity is showing continued participation despite recent price weakness. Validator exit demand has nearly disappeared, while millions of ETH are waiting to enter staking. The trend comes as Ethereum trades near $1,667 after a modest recovery from recent lows. ETH has…

Key TakeawaysStrategy’s Michael Saylor said 25% of the Mag8 now holds bitcoin on corporate balance sheets.SpaceX and Tesla remain among the largest companies holding BTC on balance sheets.Corporate bitcoin treasury strategies continue expanding across public and private firms. SpaceX IPO Puts Saylor’s Mag8 Bitcoin View in Focus Michael Saylor congratulated Elon Musk after SpaceX (Nasdaq: SPCX) completed a historic public listing, tying the IPO to bitcoin ownership among mega-cap technology companies. The Strategy (Nasdaq: MSTR) executive chairman posted the message on X on June 13. His post linked SpaceX’s market debut to the growing number of major companies holding bitcoin…

SpaceX shares have drawn a fair value estimate of $63 from Morningstar even as bullish forecasts have pushed price targets as high as $190 following the company’s public market debut. Summary Morningstar estimates SpaceX is worth $63 per share, far below its $135 IPO pricing. Despite valuation concerns, some analysts believe strong demand could push the stock toward $190. SpaceX speculation has boosted activity across crypto markets, including SPCX tokens, Velvet, and Hyperliquid. According to a Wall Street Journal report, analysts at Morningstar believe SpaceX stock is trading well above its underlying value despite the intense demand surrounding the offering.…

TLDR Hungary moves to scrap prison terms linked to crypto trading violations Earlier rules targeted unlicensed exchanges and high-value transactions The government plans to end criminal prosecution for market participants Licensing restrictions previously pushed platforms like Revolut to exit Authorities aim to align the national framework with EU MiCA standards Hungary has started reversing its strict crypto rules and plans to remove criminal penalties for digital asset trading. The government move follows criticism of licensing barriers that pushed exchanges out of the country. Officials also aim to align national laws with the European Union MiCA framework and reduce market restrictions.…

TL;DR Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practical. The report estimates about 7 million BTC are quantum-vulnerable because public keys are exposed through legacy formats or address reuse. About 1.7 million BTC are said to sit in legacy Pay-to-Public-Key addresses, including early mined and potentially abandoned coins. The council frames the issue as a long-term governance challenge, not an immediate emergency. Coinbase’s Quantum Advisory Council has warned that Bitcoin and other crypto networks need to begin planning for post-quantum migration well before quantum computers can realistically break today’s public-key cryptography. In a…

TLDR: Larry Fink renewed calls for SEC approval of tokenized stocks and blockchain-based bond markets. BlackRock comments increased focus on tokenized securities and regulated blockchain settlement systems. SEC oversight remains the main barrier to broader public trading of tokenized financial assets. Crypto discussions intensified after BlackRock linked blockchain systems with traditional financial markets. BlackRock CEO Larry Fink once again urges U.S. regulators to expedite tokenized stocks and bonds.  His remarks resonated right away in the cryptocurrency and traditional finance spheres, given the fact that BlackRock has over $11 trillion under management.  The comments also highlighted blockchain settlement systems and the…

Key highlights:Fold sold $45 million worth of Bitcoin to repay debt and strengthen its balance sheet.Unlike many treasury firms, Fold used Bitcoin gains to improve liquidity while maintaining substantial BTC exposure.Fold cashes in part of its Bitcoin treasuryFold Holdings has sold approximately $45 million worth of Bitcoin as part of a broader effort to eliminate debt and position the company for its next phase of growth.The Nasdaq-listed Bitcoin financial services company disclosed that it sold BTC at an average price of roughly $71,000 per coin. The proceeds were used to repay secured debt and improve the company’s liquidity position.Unlike many…

Billionaire financier Tim Draper believes that the conventional banking system faces a more immediate threat from quantum computing than Bitcoin does. The statements have raised a discussion about which financial institutions are at the greatest risk as the technology continues its rapid advancement into the mainstream. Draper in an X post wrote that he feels his crypto investments are safer than the dollars stored in bank accounts. The financier’s opinion is supported by the fact that the banking infrastructure lacks the necessary safety measures that would allow a rollback to the last uncompromised block if a blockchain were to be…

The New York State Department of Financial Services (NYDFS) on June 9 proposed new stablecoin regulations designed to bring the state’s existing framework into alignment with the federal GENIUS Act. The proposal preserves every dollar-backed stablecoin standard of the NYDFS that was established in its June 2022 guidance. It also touched on the provisions the GENIUS Act requires for state regimes seeking federal recognition.  This is coming a week after the agency signed a cross-border supervision agreement with the European Banking Authority.  Which parts of the NYDFS guidance will change under the GENIUS Act? The one-to-one dollar backing for every…