Bitcoin Bear Market, ETH Cuts and World Cup Crypto Betting

Is Bitcoin still in a bear market?In this episode of **The Weekly**, David Sencil and Graham Stone break down Bitcoin's prolonged move below its 200-day moving average, accelerating spot Bitcoin ETF outflows, and why Strategy's STRC structure continues to weigh on market sentiment.They also discuss the Ethereum Foundation's restructuring, the launch of Eth Labs, USDT briefly surpassing ETH by market cap, evolving stablecoin regulation, and how the 2026 FIFA World Cup is driving a surge in crypto-based prediction markets and sports betting.Whether you're following Bitcoin, Ethereum, stablecoins, macro trends, or crypto adoption, this episode covers the biggest stories shaping the market this week.🎧 Follow *The Weekly* on Spotify and turn on notifications so you never miss new episodes.Chapters:00:47 - Welcome back and episode overview01:23 - Bitcoin bear market and ETF outflows03:44 - BlackRock iBit and broader ETF pressure05:00 - Macro headwinds and Fed rate expectations07:41 - Bitcoin valuation and the power law mean08:17 - Dollar strength and Michael Saylor09:27 - Strategy, STRC, and dividend questions13:45 - Market skepticism and STRC’s peg16:48 - Why some are turning constructive on MSTR17:27 - Ethereum Foundation restructuring19:25 - ETH Labs and Ethereum’s business focus22:48 - Stablecoins and USDT overtaking Ether24:16 - Bank of England backtracks on stablecoin limits26:08 - World Cup betting and crypto adoption31:11 - Bitcoin.com app and wrap-up