Bitcoin Breaks Higher Thanks to Iran, Japan, SpaceX and More

By Dawn Pennington

It’s a long holiday weekend here in the U.S., so I suspect many of you are enjoying a well-deserved holiday.

Of course, we all know the crypto market never sleeps.

Last week, Bitcoin got a bit of a boost from risk appetite around the SpaceX IPO.

This week, news of a Memorandum of Understanding between the U.S. and Iran also gave everyone’s favorite crypto a boost.

And Bitcoin … or, rather, the way it’s trading in tandem with Japanese M2 money supply … suggests that we’ll see some sort of resolution on the Iran front in July.

In other words, while all eyes are on Iran, yours should be on Japan and other key indicators.

Bitcoin Breaks Higher as Iran Deal Lifts Risk Sentiment

On Monday, U.S. President Trump, Vice President Vance and Mohammad Bagher Qalibaf, speaker of the Iranian Parliament, agreed to open a 60-day window for nuclear negotiations. Select cryptos exhaled, with Zcash surging more than 25%.

What the Iran MOU Actually Means for Bitcoin Prices

Right now, Japan is actively looking to raise interest rates. What Japan M2 needs to pick up steam is for the Fed to either cut rates or remain on pause, while Japan continues hiking. An end to the Iran War could push the Fed toward a pause — or even rate cuts.

Coinbase Wants to Be the ‘Everything, Everywhere All at Once’ Exchange

Once lauded for its simplicity, Brian Armstrong’s company now wants to be the “Everything Exchange.” One where you don’t need to have a separate bank, broker, prediction market or pre-IPO perpetual futures account. Mark Gough takes you inside its big plans.

How Crypto Helped SpaceX Have a Successful IPO

Crypto traders in SpaceX-linked perpetual futures were actively pricing in the IPO ahead of the debut. The SPCX-USDC contract on Hyperliquid saw big trading volume at $172, which we now know was the intraday high on the stock’s first day on the Nasdaq. And now, the Anthropic and OpenAI markets are open and actively trading.

Here's What Jabil's Blowout Quarter Doesn't Tell You

One of the “picks and shovels” providers to crypto miners is Jabil. Jurica Dujmovic dives deep into its latest earnings report and gives you what to know before picking this shovel maker.

How the Prediction Markets Offer an Investment Edge the Pollsters Often Don’t

The old “follow the money” adage has gotten a facelift. Pundits and pollsters publish data with no attachment to the outcome. If they’re wrong, they keep their jobs. But the prediction markets are different. Real people put in real money that can make a real difference if their bets pay off.

To your health and wealth,

Dawn Pennington
Editorial Director