Bitcoin dropped below $60,000 for the first time since 2024. Ethereum fell below $1,800 and is approaching the edge of the top 100 global assets by market cap. Over $1 billion in trader positions were liquidated in a single day. Meanwhile, a critical vulnerability was found in Zcash that could allow unlimited coin creation, the US sanctioned Iran’s largest crypto exchanges, and the SEC declared digital assets a strategic priority through 2030. Here is a clear look at the most important crypto and tech stories making headlines.<\/p>\n\n\n
If you want to buy, sell, or swap crypto instantly, try Paybis<\/a> now.<\/strong><\/p>\n <\/div>\r<\/div>\n\n\n Bitcoin dropped below $60,000, a level not seen since 2024. The decline reflects broader market pressure and renewed uncertainty among retail and institutional participants alike.<\/p>\n\n\n\n Bitcoin losing the $60,000 floor is psychologically significant. That level held for a long time. When major support breaks, it changes how traders think about the next move. Buyers who bought expecting that the floor would hold are now underwater, and that creates more selling pressure.<\/p>\n\n\n\n Ethereum dropped below $1,800, putting it at risk of falling out of the top 100 global assets ranked by market capitalization. The decline represents a significant loss of relative standing compared to traditional financial assets.<\/p>\n\n\n\n Ethereum dropping out of the top 100 global assets would be a reputational milestone, not just a price one. It means the second-largest cryptocurrency has been overtaken in value by enough traditional companies and assets that it no longer ranks among the most valuable things on earth. That matters for institutional narratives around crypto as an asset class.<\/p>\n\n\n\n As Bitcoin continued falling below $68,000, over $1 billion in leveraged trader positions were liquidated within a single day. The cascade of forced closures amplified the downward price movement.<\/p>\n\n\n\n A billion dollars in liquidations in one day is a forced selling event. Traders borrowed to go long, the price dropped, and their positions were automatically closed. Each liquidation adds more selling pressure, which triggers more liquidations. That feedback loop is why crypto crashes move fast.<\/p>\n\n\n\n The US government issued sanctions against four major Iranian crypto exchanges<\/a>: Nobitex, Bitpin, Ramzinex, and Wallex. The action targets platforms that allowed Iranian users to move money outside the reach of existing financial sanctions.<\/p>\n\n\n\n Sanctioning the actual exchanges is a different approach than seizing funds. It cuts off the infrastructure. Any global business that processes transactions through these platforms now risks secondary sanctions. That isolates Iranian crypto activity more effectively than chasing individual wallets.<\/p>\n\n\n\n The SEC designated digital assets as a strategic priority<\/a> through 2030. The declaration signals a sustained regulatory focus on crypto rather than a case-by-case enforcement approach.<\/p>\n\n\n\n The SEC committing to digital assets as a four-year priority means regulatory clarity is coming whether the industry wants it or not. A strategic priority gets dedicated staff, budget, and rulemaking attention. Companies that have been operating in gray areas should take this seriously as a signal to get compliant.<\/p>\n\n\n\n Binance announced it will shut down its NFT marketplace on July 3, 2026<\/a>, giving users one month to withdraw their assets before the platform closes.<\/p>\n\n\n\n Binance killing its NFT marketplace is an admission that centralized NFT platforms lost the market. OpenSea and Blur won the trading volume. Binance built the infrastructure but never got the community or the liquidity. Closing now rather than running a ghost platform is the right call, even if it comes years late.<\/p>\n\n\n\n The Central Bank of Russia assessed Russian citizens’ investments in crypto instruments at 3.8 trillion rubles<\/a>, based on its financial stability analysis covering late 2025 and early 2026.<\/p>\n\n\n\n 3.8 trillion rubles in crypto exposure means Russian household savings are meaningfully tied to crypto markets. When regulators start publishing numbers like this, it signals that crypto has moved from a fringe concern to a systemic one. That changes how seriously the central bank has to take market volatility.<\/p>\n\n\n\nBitcoin Falls Below $60,000 for the First Time Since 2024<\/h2>\n\n\n\n
Ethereum Falls Below $1,800, Near Top 100 Exit by Market Cap<\/h2>\n\n\n\n
Over $1 Billion in Trader Positions Liquidated in One Day<\/h2>\n\n\n\n
US Sanctions Iran’s Largest Crypto Exchanges<\/h2>\n\n\n\n
SEC Declares Digital Assets a Strategic Priority Through 2030<\/h2>\n\n\n\n
Binance Closing Its NFT Marketplace on July 3<\/h2>\n\n\n\n
Central Bank of Russia Values Russian Crypto Holdings at 3.8 Trillion Rubles<\/h2>\n\n\n\n
MEV Bot Accidentally Sends 167 ETH to a Random User<\/h2>\n\n\n\n