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Bitcoin Nears $63.5K Weekly Close as Trader Flags ‘Terrible’ Monday Risk

Bitcoin finished Sunday’s weekly close hovering near two-week highs, as traders positioned for potential volatility ahead of the new week. The market’s focus remains tightly centered on a long-term technical level: the 200-week simple moving average (SMA), a benchmark that often influences whether bull trends can sustain or fade. At the same time, some analysts are pointing to shifting macro conditions and renewed demand around US spot Bitcoin exchange-traded funds (ETFs) as possible support for risk assets, arguing that the sector may be developing “greener shoots” after recent stress. Key takeaways BTC/USD is trading near the 200-week SMA around $62,700, which traders say is likely to determine near-term direction. Several market participants have warned that Mondays have historically delivered weak BTC performance over the past seven weeks. Short liquidations appear to have helped BTC grind higher, with CoinGlass reporting $167 million in total crypto liquidations over the pri...
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Architecting Indonesia’s Sovereign & Scalable AI Future: Inside the $10.9 Billion Tech Shift

Jakarta, 29 th June 2026 — As intelligent systems rapidly transition from corporate experimentation into core operational infrastructure, a critical question faces the nation's business elite: who will control the infrastructure behind Indonesia’s projected $10.9 billion AI expansion? The window for enterprises to secure market dominance before national digital policies lock into place is closing fast. To address this massive technological shift, global deal facilitator firm Trescon has announced it will host the 47th global edition of the World AI Show in Jakarta (proudly co-located with Finance 2045) on 7–8 July 2026. Running under the central theme of "Architecting Indonesia's Sovereign & Scalable AI Future," this high-stakes summit serves as a premier collaborative platform to move automation from isolated pilots into large-scale commercial production. Unprecedented Institutional and Industry Support The upcoming summit has secured exceptional institutional...
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South Africa Tax Authority Issues Proposed Crypto Tax Guidance

South Africa’s tax authority, the South African Revenue Service (SARS), has published draft guidance that explains how crypto assets should be taxed under the country’s existing income tax and capital gains tax frameworks. The proposed rules—released on Wednesday—aim to offer interpretive clarity rather than create entirely new obligations. In a draft notice issued for public comment, SARS indicates that many common crypto activities, including trading, swapping and using crypto to pay for goods or services, are likely to be treated as disposals for tax purposes. However, the tax outcome would still depend on the taxpayer’s specific facts and circumstances, with the guidance stressing that intention and conduct over time matter. Key takeaways SARS says crypto should generally be treated as an intangible asset, not legal tender or foreign currency, for tax purposes. Many crypto activities may trigger tax events because they can be viewed as disposals under existing income tax and ca...
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South Africa Drafts Crypto Tax Rules Using Existing Tax System

South Africa’s tax authority, the South African Revenue Service (SARS), has released draft guidance intended to clarify how crypto assets should be treated under the country’s existing income tax and capital gains tax rules. The proposal reiterates that most crypto-related activity is generally viewed as involving taxable “disposals,” while stressing that the correct tax treatment can vary depending on a taxpayer’s specific facts. SARS published the draft guidelines on Wednesday as part of a process that invites public comment. If the guidance is adopted, it could have practical implications for millions of users, particularly given SARS’ earlier reporting that at least 5.8 million residents held crypto assets in 2024. Key takeaways SARS’ draft guidance frames crypto assets as intangible assets for tax purposes—rather than legal tender or foreign currency. Trading, swapping, and spending are generally treated as disposals that can trigger tax events under existing rules. How a ta...
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200+ Brands, 100+ Speakers Confirmed for Forex Expo Dubai 2026

Dubai, United Arab Emirates, July 1st, 2026, Financewire The 22-23 September 2026 gathering at Dubai World Trade Centre will bring together 20,000+ verified traders, IBs/Affiliates, brokers, liquidity providers, and HNIs for two days of networking, client acquisition, and partnership opportunities. Distinguished brands take centre stage More than 200 brands have confirmed their participation at Forex Expo Dubai 2026 , including Exness, VT Markets, ADSS, ATFX, Vantage, XM, CFI, Multibank, SwissQuote, Capital.com, Plus500 and many others from across the trading and fintech ecosystem. Representing brokerages, fintech companies, technology providers, payment solution providers, and financial services firms, the exhibitor lineup reflects the breadth of businesses operating across today's financial markets. Insights from those leading the industry The agenda features more than 100 speakers from leading trading, brokerage, fintech, and financial services companies. Confirmed speakers incl...
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Binance Net Outflows Triple to $1.23B as ETH Withdrawals Hit 3-Year High

Binance has seen a pronounced shift toward withdrawal activity, with weekly net outflows jumping to $1.23 billion—more than doubling from the week prior—while Ethereum withdrawals rose to their highest level in over three years. The pattern is drawing renewed attention from on-chain analysts because it suggests large volumes of ETH may be moving off exchanges, even as ether’s price begins to stabilize. Data from DefiLlama, as reviewed by Cointelegraph, shows Binance recorded $1.23 billion in net outflows for the week beginning June 29. That figure represents a 207% increase versus about $400 million in net outflows during the preceding week, while monthly net outflows totaled roughly $3.2 billion. At the same time, CryptoQuant community analyst Darkfost reported that Binance’s Ethereum withdrawal transactions reached a multi-year peak—over 166,000 withdrawals in a single day. Key takeaways Binance’s weekly net outflows rose to $1.23 billion in the week starting June 29, up 207% from ...
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Binance ETH withdrawals hit 3-year high; exchange outflows triple to $1.2B

Binance has seen a notable shift in recent activity, with weekly withdrawals jumping sharply—most prominently in Ethereum—as analysts point to a mix of potential accumulation demand and exchange-positioning pressures. DefiLlama data reviewed by Cointelegraph shows Binance recorded $1.23 billion in net outflows during the week beginning June 29 , up 207% from roughly $400 million the previous week. Net outflows for the month totaled about $3.2 billion , underscoring that the latest surge is part of a broader pattern rather than a one-off move. Key takeaways Binance’s weekly net outflows rose to $1.23B for the week starting June 29, a 207% increase versus the week prior. Ethereum withdrawals accelerated , with CryptoQuant reporting more than 166,000 withdrawal transactions in a single day—its highest level in over three years. Flows coincide with an ETH rebound , with Ether up about 12.5% over the prior seven days to around $1,766 at the time of publication. Outflows domin...
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