Bitcoin Hovers Near Sixty Thousand as MiCA Deadline Triggers Crypto Market Shakeout

**SPEAKER_1** (0:00)
Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto and the events moving markets.
Let's get into it. Bitcoin is trading at $59,888, down nearly 7% this week. Ethereum is at 1575 Both are locked in technical no-man's land with major support levels miles away.
Europe's MyCA deadline hits July 1st, 2026, two days out. Binance just lost EU access after failing to secure licensing. Coinbase and OKX are recruiting 450 million Binance users with transfer bonuses up to 8%.
Only 244 firms secured authorization out of over 3,000 registered pre-MIKEA. Poland alone had 1,400 registrations, but reportedly just one licensed firm.
Industry estimates 80% won't survive. Compliance runs 700,000 euros in year one, then 250,000 annually. This has forced consolidation on a continental scale. Spot Bitcoin ETFs posted 4 billion in outflows this month, worst month on record since launch. That follows 2.4 billion in May.
Year-to-date outflows hit 5 billion. Meanwhile, Strategy announced a new capital framework. Increasing STRC Preferred Dividend to 12%, authorizing up to 1 billion in share buybacks and 1 billion in digital credit securities repurchases. They're launching a Bitcoin monetization program, allowing management to sell BTC when advantageous. Dividend coverage dropped from 7 years to just 14 months. Framework Ventures closed a $400 million fund with a thesis shift. Blockchain's biggest opportunity is financing AI, robotics, and energy infrastructure through tokenization. They're backing firms like TVL Capital, Mecca AI Robotics, and Uranium Digital's tokenized Uranium Marketplace. BitMEX removed its CEO, CFO, and head of growth as it searches for a buyer. Polymarket lost $3.1 million to Phishing. Looperings shut down its deck, citing lack of adoption. TVL collapsed 99% from $760 million to $8 million. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.