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cryptoJun 29, 2026, 5:03 PM

Crypto News Roundup: Bitcoin Capitulation, Loopring DEX Closure, BIS on Stablecoins

On-chain data signals Bitcoin investor capitulation as Loopring announces DEX closure and BIS deems stablecoins unsuitable as money. Strategy's valuation drops below its Bitcoin reserves, while USDT premium in India surges over 8.5%.

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On-chain data indicates that Bitcoin investors are capitulating, based on the latest metrics. Loopring has announced the closure of its decentralized exchange, while the Bank for International Settlements (BIS) stated that stablecoins are not fit to serve as money.

Analysts have identified risks to the financial system stemming from the AI boom. The European Union has supported extending the regime for scanning messages. Strategy's market valuation has fallen below the value of its Bitcoin reserves for the first time. The USDT premium in India has exceeded 8.5%, and Bernstein named Kalshi and Polymarket as potential acquisition targets.

Source: ForkLog