💰 Galaxy: BTC bear market ended in June

BTC has closed above its 50-week moving average for five weeks.

This is the first such period after 44 weeks below it. The average is now $76,540.

Key report data:
➡️ The decline in this cycle was about 53%, versus 77–93% in previous cycles.

➡️ Coins inactive for more than five years are moving at 34,000 BTC per month in 2026, versus 67,000 in 2024.

Galaxy believes the bear market ended in June. Invalidation: a weekly close below the moving average without reclaiming it within a month.

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👍 Anthropic Files for IPO

Anthropic has filed a preliminary S-1 registration with the SEC. The developer of Claude will trade on Nasdaq under ANT. Goldman Sachs, Morgan Stanley and 20 other banks are organizing the offering. Pricing and size were not disclosed.

In the first half of 2026, revenue reached $16.29 billion, versus $1.16 billion a year earlier. Net loss was $80.75 billion, versus -$12.97 billion, with $72.4 billion of the loss stemming from revaluing convertible loans and derivatives.

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⚡️ JUST IN: CFTC probes Polymarket's controls and advertising activity in the United States: Reuters

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⚡️ JUST IN: Robinhood's crypto revenue fell 55% year over year but beat Wall Street forecasts, while crypto trading volume dropped 38% and its blockchain business gained traction.

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⚡️ JUST IN: Bessent says crypto can help keep America's US dollar on top.

At Ripple's conference, he said SEC and CFTC action could fill the gap left by the Clarity Act's failure and curb crypto debanking.

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