Daily News Headlines | Latest Crypto News (30th June) | Cryptoknowmics

Here are the top 5 crypto news for the day!

Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.

Short-Term Holders Lose $3.45 Billion as Bitcoin Records Largest Dump

According to data released by Glassnode, the largest-ever Bitcoin capitulation in history from short-term investors witnessed last week is estimated to have cost $3.45 billion to these investors. However, the recent dump has made no difference to the positions of long-term holders as they have incurred only $383 million in net losses.

NatWest Restricts Payments to Binance Because of Fraud Concerns

As concerns about investment fraud and scams in crypto rise, Britain’s NatWest Group has restricted the daily amount of payments for clients trading on cryptocurrency exchanges, including prominent platform Binance. According to the Natwest spokesperson, the interim cap, issued on June 24 by one of the UK’s largest domestic lenders, affected several exchanges and digital asset businesses. 

13 More Crypto Companies in UK Withdraw their Bids for License

It has been revealed that 13 additional crypto companies in the United Kingdom have withdrawn their applications for licenses due to certain requirements imposed by banking regulators. The number of withdrawn license applications from cryptocurrency companies has jumped by over 25% in June.

Institutional Interest in Bitcoin Will Pick Up: JPMorgan Analyst

Institutional interest in Bitcoin has dried up but will soon pick up again, according to JPMorgan global market strategist Nikolaos Panigirtzoglou. Despite the current market conditions, Panigirtzoglou said there will be a price at which institutional interest will pick up again over the long term and the price volatility will be normalized.

Coinbase CEO says Crypto Industry is Headed Towards DeFi

According to Armstrong, the crypto sector is quickly maturing to incorporate the trading of new types of assets. In a blog post published on Tuesday, Armstrong listed how Coinbase will embrace the wide-ranging products and services emerging in the crypto sector with a special focus on DeFi.