In crypto information right this moment (July 13), Bitcoin has fallen -1.5% in a single day and begins this Monday buying and selling session at round $62,900. Shedding help at $63,000 is essential; if it’s not reclaimed inside the subsequent 24 hours, an extra drop towards $60,000 seems to be possible.
Yesterday marked a second consecutive day of destructive ETF flows for Bitcoin, following a three-day stretch that noticed greater than $500M in inflows. July 9 noticed $95M in Bitcoin offered throughout varied funds, with $63M of that from Constancy’s FBTC ETF.
Whereas nearly all of tokens are down right this moment and the overall crypto market cap has dropped by -1%, Zcash (ZEC) and Monero (XMR) are two notable tasks within the inexperienced, with each privacy-focused tokens up round +1%.
The Concern & Greed Index has made yet one more push to exit ‘Excessive Concern’ territory, climbing to twenty-eight/100, which places it in ‘Concern’. Whether or not this determine can maintain amid the rising pressure within the Center East stays to be seen.
Crypto News Today: Thailand to Tighten Stablecoin Transaction Controls Over Fraud Issues
The Financial institution of Thailand is enhancing its oversight of stablecoin transactions as a part of its efforts to fight cash laundering, illicit financing, and grey capital. Authorities will focus significantly on transactions involving Tether (USDT), money, and overseas alternate to determine and block unlawful monetary flows.
Based on native media stories, the regulator plans to collaborate with Thailand’s Securities and Trade Fee to evaluate high-value stablecoin transactions.
These measures intention to handle the grey economic system, a good portion of which is linked to money of suspicious origin. Rip-off name facilities, which have grow to be widespread within the area, are thought-about a significant supply of those funds.
Whereas there aren’t any dependable estimates of the scale of the grey economic system, losses from fraud in Thailand reached 115 billion baht, roughly $3.4Bn in 2025. Throughout the identical interval, round 173 million fraudulent calls and messages have been recorded within the nation.
Stablecoins have gained reputation as a way of transferring massive quantities of cash since they allow near-instant cross-border settlements.
The brand new measures will develop business banks’ obligations to adjust to monetary monitoring necessities. These evaluations will embody money transactions, overseas alternate, gold bullion buying and selling, and suspicious stablecoin transactions.
Thailand’s Central Financial institution and SEC Probe Excessive-Worth USDT Transactions
Based on The Nation, the Financial institution of Thailand would require people depositing THB 5 million ($150,000) or extra in money to confirm the supply of funds. It is usually working with Thailand’s SEC to evaluate massive… pic.twitter.com/ysl2dEv4jk
— Wu Blockchain (@WuBlockchain) July 12, 2026
Eric Trump’s American Bitcoin Forces 1:15 Reverse Break up to Keep away from Nasdaq Delisting
In different crypto information right this moment, American Bitcoin’s treasury technique presents a contradiction: its Bitcoin holdings are rising at the same time as its share value declines. The corporate linked to Eric Trump reported holding 8,000 BTC, up from over 7,000 BTC on the finish of Q1.
It additionally executed a 1-for-15 reverse inventory cut up on July 2, rising share costs with out including precise worth for buyers. Regardless of this technique, the corporate’s general market valuation is unsure.
In its Q1 2026 outcomes, American Bitcoin reported a rise in holdings from roughly 5,401 BTC on the finish of 2025 to roughly 7,021 BTC as of March 31.
Eric Trump said that the corporate held greater than 7,300 BTC, making it one of many largest publicly traded Bitcoin corporations. They mined about 817 BTC and bought 803 BTC throughout the quarter. Regardless of a 22% decline in Bitcoin’s value, miners’ gross margin remained above 50%, with mining prices round $36,200 per BTC.
That working mannequin is vital as a result of American Bitcoin is making an attempt to distinguish itself from treasury corporations that primarily depend on capital raises to purchase Bitcoin.
The corporate argues that mining permits it to accumulate Bitcoin at below-market costs and to make extra purchases when capital and market circumstances allow.
Nonetheless, the identical submitting additionally confirmed why a rising Bitcoin reserve isn’t sufficient to help the inventory. American Bitcoin reported about $62.1M in Q1 mining income, an $81.8M internet loss, destructive adjusted EBITDA of about $91.3M, and a $117.2M loss on digital property.
ERIC TRUMP’S BITCOIN BET JUST COST THE FAMILY $600 MILLION.
Eric Trump’s American Bitcoin Corp stake has misplaced over $600 million in market worth after the inventory plunged greater than 95% from its peak.
Whereas opponents pivoted towards AI information facilities, American Bitcoin stayed locked… pic.twitter.com/aJdn7TNxrz
— Crypto Rover (@cryptorover) July 12, 2026
The publish Crypto News Today (July 10): BTC Loses $63K Support, Thailand Tightens Stablecoin Regulation, and Eric Trump’s American Bitcoin Avoids Nasdaq Delisting appeared first on 99Bitcoins.
