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Adam Back’s Bitcoin Treasury Firm Renegotiates SPAC Terms With Cantor

Bitcoin Standard Treasury Company (BSTR), founded by Blockstream CEO Adam Back, is seeking to renegotiate its proposed merger with Cantor Equity Partners I, a SPAC backed by Cantor Fitzgerald. In an announcement released Wednesday, BSTR and Cantor Equity Partners I said they have scrapped the original deal terms and will move into new negotiations, citing the need for provisions that “better reflected market conditions.” The change arrives as investors watch SPAC-backed crypto-adjacent companies for signs of whether tokenization and Bitcoin-treasury themes can still clear public-market hurdles. A shareholder meeting scheduled for Friday to vote on the merger and related public offering has been postponed indefinitely, with the companies saying they will share further details later. Key takeaways BSTR and Cantor Equity Partners I have terminated the original 2025 merger terms and will negotiate a revised agreement. The planned shareholder vote on the SPAC merger and public offering ...
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Binance Research: Stablecoin-Settled Perp Trading in TradFi Hits $1.1T

Stablecoins are increasingly showing up at the heart of tokenized finance, not just as short-term trading tools. In a report released by Binance Research, stablecoin-settled perpetual contracts tied to traditional financial assets generated more than $1.1 trillion in trading volume in the first half of 2026—highlighting how on-chain dollar instruments are being used to mirror parts of TradFi through crypto. Binance Research also points to a broader shift in behavior among exchange users: stablecoins are becoming long-term portfolio holdings rather than assets held only for brief trading windows. That dual role—derivatives settlement and everyday value storage—helps explain why stablecoin activity is rising alongside the market’s size. Key takeaways Binance Research reports stablecoin-settled TradFi-linked perpetual contracts topped $1.1 trillion in first-half 2026 volume. Those TradFi perpetuals accounted for roughly 11% of all crypto perpetual trading volume in the first five mont...
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Bitcoin Drops as Iran–US Ceasefire Fails, Oil Hits $75 Risk on Strait of Hormuz

Bitcoin hovered just under the $62,000 mark after the Wall Street open, as fresh geopolitical pressure around Iran dragged on risk sentiment and pushed oil prices higher. Traders cited Trump’s comments that a US-Iran ceasefire is “over,” alongside reports that both sides are considering actions affecting the Strait of Hormuz—an outcome that would typically amplify inflation and policy-rate expectations. Market pricing reflected that shift: daily BTC downside moves were circulating around the 2.5% range, while US WTI crude rose above $75 per barrel to its highest level since June 22. At the same time, interest-rate probabilities moved further toward the possibility of a September hike, according to CME Group’s FedWatch tool. Key takeaways BTC slipped to roughly $61,500 after Trump said the US-Iran ceasefire is “over.” Reports of renewed threats to the Strait of Hormuz coincided with a jump in WTI crude above $75. CME FedWatch increased expectations for a September rate hike, while...
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India Crypto Tax Filings Falling Behind Trading as Regulation Looms

India’s tax authorities have reportedly identified major gaps in how crypto gains are being declared, underscoring a growing enforcement challenge that is emerging alongside the country’s long-running debate over crypto regulation. According to documents reviewed by Reuters, less than a quarter of people who reported making crypto transactions were actually declaring them on tax returns for the year ending in March 2023. The same set of government documents reportedly estimates that India had roughly 39 million crypto traders holding assets worth more than $2.1 billion by the end of May. With offshore venues, private wallets, and peer-to-peer (P2P) activity increasingly common, the findings point to why tax authorities may struggle to track transactions and recover revenue—even if policy shifts are already being discussed at the central bank level. Key takeaways Reuters reports India’s crypto tax reporting gaps: fewer than 25% of 645,000 individuals who transacted in the year ending ...
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Bull Bitcoin Challenges French Court Ruling on DAC8 Decree

Bull Bitcoin has asked France’s top administrative court, the Conseil d’État, to overturn the French rules implementing the EU’s DAC8 crypto tax reporting framework. The exchange argues that the system could create a large, centralized database linking people’s legal identities and addresses to their crypto transactions—an outcome it says could heighten physical safety risks for crypto holders. DAC8, which started applying on January 1, 2026, requires qualifying crypto service providers to collect customer identity and transaction details and then report them to French tax authorities. Those authorities would automatically share the information with counterparts across EU member states under the directive’s information-exchange model. Key takeaways Bull Bitcoin has filed a petition with the Conseil d’État to challenge France’s DAC8 implementation, arguing it could enable a “mass database” of identity and address-linked transaction data. France implemented DAC8 through Decree No. 20...
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Analysis Flags “Textbook” Bitcoin Bottom, BTC Speculators Watch

Bitcoin is moving through what some analysts describe as a “textbook” bear-market bottom, as speculation cools and short-term holders begin taking profits during a rebound toward $65,000. The debate now centers on whether this phase represents a durable transition—or a pause before another round of capitulation. Much of the optimism in the current narrative comes from onchain and long-horizon price indicators, paired with short-term holder behavior. Still, onchain analytics provider CryptoQuant has cautioned that the market may need to see deeper stress from short-term investors before the bottom fully confirms. Key takeaways Quant analyst “Frank” argues multiple bottom signals are flashing and that the current phase will look “obvious in hindsight.” He points to a shift in short-term holder spent output profit ratio (STH-SOPR), which he reads as profit-taking by short-term holders rather than indiscriminate loss selling. Comparisons cited include prior reversal zones seen in 202...
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Lyn Alden: Bitcoin Doesn’t Need a Savior as Strategy Cuts $216M BTC

Bitcoin sentiment is sliding to a level Lyn Alden describes as the weakest she has personally seen, as the latest market phase has become more corporate- and leverage-influenced rather than driven by fresh spot demand. In an interview with Natalie Brunell on Tuesday, Alden argued that Bitcoin’s long-term case cannot depend on outside saviors—it must be able to “survive on its own merits.” The comments also arrive as Strategy, Michael Saylor’s flagship corporate Bitcoin vehicle and the largest public holder, disclosed another round of selling. Strategy’s Monday weekly 8-K filing said it sold 3,588 BTC, a disclosure that has intensified scrutiny of how corporate structures and yield-style products interact with Bitcoin’s volatility. Key takeaways Lyn Alden said current Bitcoin sentiment is at the lowest point she has seen, and she expects a year that is “flat to up” rather than “flat to down.” Alden emphasized Bitcoin must stand on core fundamentals—liquidity, permissionless transfer...
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