Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods
Ethereum's price has climbed back above $2,700 after falling below that mark in June, driven by significant inflows into newly launched US-based Ethereum ETFs. These ETFs have accumulated over $4.5 billion in net inflows since their launch, with BlackRock and Fidelity leading the way. Meanwhile, data shows a shift in the Ethereum derivatives market, with the Binance ETH/USDT perpetual long-to-short ratio falling below parity, indicating more traders are betting against Ethereum. This contrasting situation, where ETFs are buying Ethereum while some traders are betting against it, suggests a period of potential price volatility. Experts predict further ETF inflows and potential staking enablement for US ETFs could further influence Ethereum's price in the coming months, along with increased adoption by corporations.
Why July Is Critical for XRP ETF Approvals
July is a crucial month for potential launches of XRP-related ETFs in the United States. ProShares is aiming to launch three futures-based XRP ETFs (Ultra XRP ETF, UltraShort XRP ETF, and Short XRP ETF) on July 14, pending SEC approval. Turtle Capital plans to launch its 2X Long XRP Daily Target ETF on July 21, and Volatility Shares has two XRP ETFs also targeting a July 21 debut. REX-Osprey is aiming for a July 25 activation date. All these ETFs are based on futures contracts. The SEC has not yet approved any spot XRP ETFs, with decisions on over 10 applications expected by mid-October.
USDT Prices Surge in Argentina as Dollar Demand Spikes
The price of USDT, a stablecoin pegged to the US dollar, has increased in Argentina due to rising demand for US dollars. On July 8, USDT prices rose above 1,280 pesos, equating to approximately $1.02 per USDT. This surge follows a period of increased stablecoin purchases in Argentina, with one exchange, Lemon Cash, reporting a significant spike in stablecoin transactions in April. Factors contributing to this trend include the Argentine government's lifting of restrictions on USD buying, persistent concerns about peso devaluation, and upcoming legislative elections. Additionally, early Christmas bonus payments to employees in June have led some Argentinians to invest surplus funds in dollar-denominated assets as a store of value. Black market dollar prices are also increasing. The rise in USDT price is fueled by the perception of a "cheap dollar," driving increased demand and further price increases.
Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
Bitcoin reached a new all-time high of $112,022 on Wednesday, surpassing previous resistance levels. Some publicly traded companies, like Trump Media & Technology Group and GameStop, plan to buy Bitcoin for their company assets, potentially impacting the market. The future of Bitcoin's price depends on macroeconomic conditions, especially trade negotiations, with a deadline coming up in August. Good progress in trade talks and easing inflation could lead the Federal Reserve to cut interest rates, which might further boost Bitcoin. Market expert Doctor Profit believes the rally has just started and predicts Bitcoin could reach $120,000 to $130,000. He suggests the price might either rise to $113,000-$114,000 then drop to $92,000-$93,000 before going up again, or it could break through $113,000-$114,000 and keep rising without a drop. Currently, Bitcoin has fallen slightly to around $111,422, attempting to establish this level as a new support point.
Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000
According to a recent analysis, Bitcoin may experience a short-term price decrease, potentially falling below $107,000. This drop is viewed as a strategic move before a larger price increase. The analysis suggests that this price dip is part of a broader bullish trend and is designed to gather liquidity before a significant rally. The key area to watch for a potential reversal and buying opportunity is around $106,200. If Bitcoin respects the $106,000 level and shows signs of bullish momentum, it is expected to then surge toward a new all-time high, targeting the $110,500 zone.
Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8
The Rex-Osprey Solana ETF, the first of its kind in the US, saw a significant increase in investment on July 8, bringing its total investment to $41.2 million. This one-day increase effectively doubled the total investment the fund had received in its first few days. While this is a notable start, the Solana ETF's initial investment is smaller compared to the early performance of Bitcoin and Ethereum ETFs, when considering the overall size of each cryptocurrency's market. Factors contributing to this difference include the Solana ETF's higher fees and the fact that Rex-Osprey is currently the only company offering a Solana ETF, while multiple companies offer Bitcoin and Ethereum ETFs. Despite the higher costs, the recent increase in investment indicates that some investors are interested in Solana even with the current fees.
Institutions Buy Bitcoin In Record Numbers, But Why Is Price Still Below $111,900 ATH?
Institutions like BlackRock and Metaplanet are significantly increasing their Bitcoin holdings. BlackRock now holds over 700,000 BTC, representing 3.5% of Bitcoin's total supply, and Metaplanet has accumulated 15,555 BTC. Despite this institutional buying, Bitcoin's price remains below its all-time high. Factors contributing to this include potential tariffs proposed by the US and selling pressure from early Bitcoin holders who have sold over 500,000 BTC in the past year. Bitcoin is currently trading around $108,600.
3 Made In China Coins to Watch for the Third Week of July
The cryptocurrency market is volatile, and investor interest may be shifting towards specific ecosystem tokens, especially those with ties to China. Three coins to watch are Huobi Token (HT), Nervos Network (CKB), and Zilliqa (ZIL). Huobi Token is up 23% over the past week, with its Relative Strength Index (RSI) indicating continued buying pressure that could push its price to $0.29, although a decline in accumulation could send it down to $0.21. Nervos Network's token, CKB, has risen 13% in the past week, with its Aroon Up line suggesting strong upward momentum and the potential to reach $0.0040; however, profit-taking could cause it to dip to $0.0033. Zilliqa (ZIL) has increased by 4% in the last seven days and trades above its 20-day exponential moving average, signaling potential for further gains up to $0.0116, but a stall in buying could result in a drop below $0.0107.
World Liberty Financial takes a vote to open access to token
World Liberty Financial, a blockchain project backed by over $550 million and having connections to figures like Justin Sun and reportedly the Trump family, is holding a vote on whether to make its native token, $WLFI, tradable on public markets. Currently, WLFI is only accessible to early supporters and pre-approved users. If the vote passes, the token would become available for anyone to trade and participate in the project's governance. Early investors would gain access to a portion of their tokens, with the remainder to be decided in a future vote. The project aims to build a bridge between traditional finance and crypto, with plans for its own stablecoin called USD1. The team says that making WLFI tradable is a way to bring more people in, give the community real power, and build trust through transparency.
Restructuring at Eigen Labs Triggers Workforce Reductions
Eigen Labs, the company behind the Ethereum restaking protocol EigenLayer, has reduced its workforce as part of a restructuring plan. This decision aims to prioritize the development and scaling of EigenCloud, a verifiable cloud platform. Affected employees will receive severance packages including healthcare, accelerated vesting, career support, and three months' base pay. The restructuring follows a $70 million investment in EIGEN tokens from Andreessen Horowitz (a16z), which supported the launch of EigenCloud. EigenCloud integrates data availability, general computing, and dispute solving into a single platform. This move reflects a broader trend in the crypto industry of companies downsizing or refocusing their efforts, as seen with recent layoffs at Kraken and Messari.
Cardano Forms First-Ever Weekly Golden CrossMassive Rally Ahead for ADA?
Cardano's weekly chart has formed its first-ever golden cross, a technical pattern that often indicates a bullish trend. This pattern occurs when a short-term moving average crosses above a long-term moving average. Simultaneously, large Cardano holders, known as whales, have accumulated 120 million ADA tokens over the past two weeks, signaling increased confidence. Analysts suggest that if Cardano can break above certain key moving averages, its price could potentially rally towards $1.33 or even $10. While Cardano is down 2% over the last 24 hours, the golden cross and whale activity are creating optimism for a potential price increase.
The tokenization trend sweeping the markets is 'enchanting, but not magical,': US SEC
SEC Commissioner Hester Peirce released a statement clarifying the agency's stance on tokenized securities. While acknowledging the potential benefits of tokenization, such as facilitating capital formation and improving asset collateralization, Peirce emphasized that tokenized securities are still subject to existing securities laws. The SEC urges market participants to carefully consider and comply with these laws when dealing with tokenized assets, including disclosure obligations. Depending on their structure, tokenized securities may be classified as receipts for securities or security-based swaps, which have specific trading restrictions. Peirce encourages companies to engage with the SEC to ensure compliance or discuss potential regulatory changes. Robinhood has already started offering tokenized shares of companies like OpenAI and SpaceX to European investors, and the SEC is aiming to create a regulatory framework that encourages innovation while preventing fraud.
How Far Will Ethereum (ETH) Price Rally From Here?
Ethereum's price has surpassed $2,600, supported by strong on-chain data indicating buyer activity between $2,513 and $2,536. Exchange reserves of Ethereum remain near all-time lows, suggesting limited selling pressure. Spot Ethereum ETF inflows are consistently adding buying pressure, potentially pushing the price past $2,650. A large amount of Ethereum was purchased around the $2,513-$2,536 range, creating a support level as these buyers are currently seeing small profits. Consistent inflows into spot Ethereum ETFs are providing support, and lower exchange reserves mean less Ethereum is available for sale. Fibonacci retracement levels suggest that if Ethereum breaks past $2,650, it could rally to $2,850, a prior high from early June. A pullback to the $2,520-$2,540 range is expected to be met with buying interest, and the overall trend is upward as long as Ethereum remains above this zone.
Chainlink Price Builds Momentum as Analysts Eye Breakout Above $14
Chainlink's price is showing signs of a potential upward trend, with analysts watching for a breakout above $14. Currently trading near $13.82, Chainlink has been facing resistance but is demonstrating strength, with some analysts suggesting a daily close above $14 could confirm a bullish reversal. Technical indicators like the Relative Strength Index (RSI) point to increased buying pressure. Analysts have identified potential resistance targets at $19.40, $22.55, and $26.10 if the price increases. Chainlink has outperformed the broader market recently, attributed to its growing importance in decentralized finance and real-world asset tokenization, supported by network developments and developer activity. A strong base formation above $13 has been observed, with decreased volatility suggesting a shift from selling to accumulation. Chainlink's price increased from approximately $13.20 to close at $13.95, with trading volume reaching $311.46 million, and its market capitalization now stands at $9.46 billion.
Justin Sun Announces Plans to Purchase Official Trump Meme Worth $100M: What Next for $TRUMP Price?
Justin Sun, the founder of Tron, has announced plans to purchase $100 million worth of the Official Trump memecoin, also known as $TRUMP. This announcement comes after the $TRUMP memecoin team bridged the token to the Tron blockchain. Sun stated that this investment shows Tron's commitment to partnering with crypto communities. Following the announcement, the price of $TRUMP increased by 5 percent, reaching around $9.01, while the memecoin has a market cap of about $1.8 billion and a fully diluted valuation of around $9 billion. This price increase coincided with Bitcoin's rise to $112,000. Technical analysis suggests $TRUMP could potentially rally towards its all-time high.
Stock Market Could Overshoot to the Upside on Unloved Rally, According to BNP Paribas: Report
BNP Paribas analysts suggest the US stock market could rise significantly due to institutions being underweight in stocks during the current rally. They anticipate these institutions may be compelled to buy back into the market, potentially driving it higher, with an estimated $20 billion in buying power expected from them in the coming week. Fundstrat's Tom Lee also predicts continued outperformance in industrials, financials, and tech sectors. He anticipates that interest-sensitive stocks, particularly financials and small to mid-cap companies, will benefit when the Federal Reserve starts cutting interest rates next year.
Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure
Greek authorities have seized cryptocurrency linked to the $1.4 billion Bybit hack that occurred earlier this year, marking the country's first crypto asset seizure. The Hellenic Anti-Money Laundering Authority froze a suspicious wallet after a months-long investigation supported by Chainalysis, a blockchain analytics firm. The funds are believed to be part of the Ethereum stolen during the February Bybit breach, which has been attributed to the North Korean Lazarus Group. The seizure was made possible by Greece's investment in blockchain tracing technology and training provided by Performance Technologies. Officials tracked suspicious transactions to link the wallet to the original theft, froze the assets, and are now transferring the case to prosecuting authorities.
Cardano Just Dropped ReeveAnd It Could Shake Up Enterprise Finance
The Cardano Foundation has launched Reeve, an open-source tool designed to bring corporate finance and audit trails onto the Cardano blockchain. This middleware sits between existing business software and the Cardano blockchain, creating a secure and transparent record of financial transactions. Reeve aims to help businesses improve transparency, simplify reporting, and build trust using verifiable financial data. The software is designed with separate modules for different functions, allowing for easy integration with various business systems. The Cardano Foundation is seeking pilot partners, including NGOs, corporations, and government bodies, to test Reeve and provide feedback. The release of Reeve as open-source software allows developers to start testing, with commercial rollouts planned in phases. Currently, ADA, Cardano's cryptocurrency, is trading at $0.60.
Crypto Week Kicks Off in Washington with Stablecoin Vote Looming and Market Structure Bill in Focus
Washington D.C. is seeing a lot of activity related to cryptocurrency regulations this week. The House is expected to vote on the GENIUS Act, which would regulate stablecoins like Tether and Circle. President Trump is pushing for its passage. This could be the first federal law governing digital assets. After the GENIUS Act, lawmakers will focus on the Digital Asset Market Structure Clarity Act, which aims to define how the rest of the crypto markets should be regulated. A Senate hearing on this is scheduled for Wednesday. While the GENIUS Act had strong support in the Senate, the Clarity Act faces more skepticism, especially from Democrats concerned about consumer protection and potential conflicts of interest related to Trump's involvement in the crypto industry. A bill to prevent the Federal Reserve from launching a digital dollar is also expected to be discussed. The GENIUS Act is likely to pass, but the Clarity Act faces a tougher path in the Senate. Ripple CEO Brad Garlinghouse will testify at the Senate hearing, arguing that market structure legislation will boost U.S. competitiveness. One analyst suggested Bitcoin reached $11,900 before pulling back and that it's a good time to buy Bitcoin.
Trump Family Is Indirectly Increasing Its Bitcoin and Crypto Investment
Donald Trump Jr. has invested $4 million in Thumzup, a company that holds cryptocurrency and recently announced it will diversify its holdings into altcoins. Thumzup, which initially held only Bitcoin, is now adding Ethereum, Dogecoin, Litecoin, Solana, XRP, and USDC to its treasury. This investment could increase the Trump family's exposure to various cryptocurrencies, although it's unclear if this was the primary motivation. Thumzup CEO Robert Steele stated that diversifying into other cryptocurrencies aligns with their commitment to innovation and prudent treasury management.
Bitcoin Price Prediction: Fed Flags Tariff Inflation as BTC Hits $112K
The U.S. Federal Reserve is worried that tariffs could cause lasting inflation. This concern comes as Bitcoin's price jumped after breaking through a price pattern, rising from around $109,000 to nearly $112,000 with high trading activity. Bitcoin's total market value is now about $2.2 trillion. Technical analysis suggests Bitcoin might pull back slightly before potentially rising further, with $110,550 as a key price level to watch. A new project called Bitcoin Hyper, aiming to combine Bitcoin's security with Solana's speed, has raised over $2 million in its presale.
Ethereum ETH Reclaims $2,700 as Bullish Momentum Sparks: Whats Next?
Ethereum (ETH) has surpassed $2,700, generating optimism in the cryptocurrency market. Large investors have accumulated over 200,000 ETH, reducing the amount of ETH held on exchanges to 18 million. The total value locked in Ethereum's DeFi applications is $65 billion, and the stablecoin market cap is $126 billion. U.S. spot Ether ETFs have attracted almost $2 billion in inflows since April. Ethereum needs to break through the $2,800 resistance level to confirm a new bullish trend. Failure to stay above $2,500 could lead to a price drop toward $2,200. A break above $2,800 could trigger a rally toward $3,000.
Dogecoin To $3.94 This Cycle? This Chart Says Its No Meme
A crypto analyst, Kevin, has presented a chart suggesting Dogecoin (DOGE) could potentially reach $3.94 based on historical price patterns. The analysis highlights a repeating pattern of descending wedges followed by breakouts and rallies in Dogecoin's price history. According to the chart, Dogecoin recently completed another wedge breakout and is currently retesting it. The $3.94 target aligns with the 1.618 Fibonacci extension level, a common target in technical analysis. The monthly Relative Strength Index (RSI) has moved above 50, signaling a shift to bullish momentum, and the Stochastic RSI shows a bottoming crossover similar to patterns seen before previous price surges. Dogecoin seems to be bouncing off support at $0.13778, coinciding with supertrend support. Before reaching $3.94, key resistance zones exist between $1.00-$1.20 and $2.30-$2.50. Dogecoin is currently trading around $0.174.
BNB Price Range-Bound for Weeks: Will Divergence Change That?
Binance Coin (BNB) has remained relatively stable for several weeks, but recent on-chain data suggests a potential change in its price. The number of active BNB addresses has been increasing since early May, reaching over 1.75 million on June 20, indicating growing user interest. Furthermore, the top 1% of BNB wallets have shown significant increases in their holdings, possibly signaling accumulation by large investors. On the daily chart, BNB is forming an ascending triangle pattern with resistance at $665-$693, which often indicates a potential breakout. Bullish divergence between the BNB price and the Relative Strength Index (RSI) further strengthens the breakout possibility. If these trends continue, BNB could potentially target $686, $696, or even $733. However, a drop below $635 would invalidate these bullish signals.
U.S. Digital Assets Tax Policy Getting Hearing During 'Crypto Week'
The U.S. House Ways and Means Committee will hold a hearing on July 16 to discuss how to properly tax digital assets. This hearing is part of "Crypto Week" where lawmakers will examine various aspects of crypto policy. A key concern is establishing a reliable tax system for crypto, addressing the current uncertainty investors face. Senator Cynthia Lummis recently introduced legislation proposing a $300 threshold for crypto transactions before they need to be included in tax calculations, aiming to simplify taxes on small transactions up to $5,000 annually. Her bill also seeks to eliminate double taxation on crypto earned through staking, mining, airdrops, and forks, taxing only the gains from eventual sales. The House committee is aiming for industry-friendly policies. The Senate is also expected to take action on a bill regulating stablecoin issuers during the week.
Bull Market Peak Predicted for October: Analyst Shares Key Bitcoin Price Charts
An analyst predicts that the Bitcoin bull market may peak around September-October 2025, based on historical patterns of previous market cycles after Bitcoin halvings. These cycles have historically peaked 518-550 days after the halving event. The analyst uses macro trend lines and diagonal patterns to identify potential market turning points. Bitcoin's price action also shows periods of underperformance and overperformance within each cycle. The analyst notes that the current cycle achieved new all-time highs before the halving, a unique event compared to previous cycles, and is currently in an underperformance phase. The analyst also highlights the significance of 8-degree trend line breaks, which have preceded new all-time highs 214 days after halving events in past cycles.
Bitcoin Price Hits New ATH of $112k: Is the 2025 Altseason Here? Experts Insights
Bitcoin's price reached a new all-time high of $112,000 on several cryptocurrency exchanges, surpassing its previous high of $111,814 recorded on May 22, 2025. Bitcoin's market capitalization rose above $2.2 trillion, making it the fifth most valuable asset, and its daily trading volume increased to around $53.7 billion. The price increase is attributed to ongoing demand from institutional investors and regulatory clarity in the crypto market. Spot Bitcoin ETFs in the U.S. have seen over $13 billion in net inflows. The Bitcoin price jump has impacted the broader altcoin market, and nearly $496 million in short positions were liquidated. Some experts speculate that this surge in Bitcoin's price could indicate the beginning of an altcoin season in 2025.
Justin Sun has pledged to buy $100 million worth of Donald Trumps official memecoin, TRUMP
Justin Sun, the founder of TRON, has pledged to purchase $100 million worth of the memecoin TRUMP, which is associated with Donald Trump. This investment comes as TRON plans to launch TRUMP on its blockchain to improve its accessibility. TRUMP's price has seen a recent increase of 3.5% in 24 hours, however, it is still undergoing a steady decline. Sun's involvement follows his increased investment in Trump-related crypto projects, including a $75 million stake in tokens released by World Liberty Financial, a crypto bank run by the Trump family, and winning a contest for top holders of the presidents meme coin, now having at least $97 million. TRON handled more than 5x Ethereums USDT transaction volume last week, so it should have plenty of bandwidth for a TRUMP expansion. The meme coins current circulating market cap is $1.7 billion. The SEC previously paused its investigation into Sun's businesses. Tether, the issuer of USDT, has frozen over $12.3 million of digital assets on the TRON network, indicating ongoing efforts to combat illicit activity.
SEC Crypto Task Force head warns assets remain securities regardless of tokenization
Hester Peirce, head of the SEC's Crypto Task Force, stated that tokenizing assets like stocks does not change their fundamental nature as securities. This means that companies issuing, selling, or trading these tokenized assets must still comply with existing securities laws. Peirce highlighted potential risks, particularly with custodians wrapping third-party securities, which could introduce counterparty risk. Her comments come as tokenized equity volumes are growing, with Solana-based stock tokens reaching a market value of over $50 million. BNB Chain is also listing tokenized stocks in partnership with Kraken and Backed Finance, allowing for 24-hour access and DeFi integration. Market participants like Backed Finance and Kraken welcomed Peirce's clarity, stating that their products are designed to comply with regulations. Bitget has also integrated xStocks into its platform, enabling customers to trade these tokens more easily. Peirce expressed the SEC's willingness to work with market participants to update regulations as needed.
Trump Imposes Surprising 50% Tariff on Brazil as Crypto Market Reacts
President Trump announced a 50% tariff on all imports from Brazil, effective August 1st. The announcement was made via social media, citing unfair trade practices and criticism of the Brazilian Supreme Court's handling of former President Bolsonaro. This action follows earlier tensions stemming from Trump's support for Bolsonaro and criticism of the BRICS summit, with a threat of additional tariffs for countries aligned with BRICS policies. Following the tariff announcement, Bitcoin experienced a pullback from its all-time high of $112,000, dropping to around $110,800, indicating market caution in response to renewed global trade tensions.
Trump Jr. Backed Thumzup Media To Invest In ETH, XRP, SOL, DOGE And LTC
Thumzup Media, backed by Donald Trump Jr., has announced its intention to invest in several cryptocurrencies. The company plans to allocate capital to Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC). This signals Thumzup Media's entry into the cryptocurrency market by acquiring these specific digital assets.
Cardano Price Prediction: ADA Jumps 9% as Grayscale Backing and Whale Demand Drive Move to $0.70
Cardano's price has increased by 9%, reaching around $0.61, driven by Grayscale's investment and whale activity. Grayscale's Smart Contract Platform Fund now holds 18.57% in ADA, signaling institutional confidence. Cardano is testing a resistance level of $0.62, and a breakthrough could lead to a target of $0.70. Whales have accumulated over 120 million ADA in the last two weeks, indicating strong belief in a potential breakout. Cardano's market dominance is also slightly increasing to 0.64%. Over the last two weeks, whales have acquired approximately $71 million worth of ADA, and $8 million ADA has been removed from exchanges. If ADA surpasses $0.656, it may aim for $0.70.
Bitcoin LTH Average Profits Hit 215% Major Sell-Off Around The Corner?
Bitcoin's price has been trading sideways between $107,500 and $109,600, leading to low volatility and uncertainty about its next direction. Long-term holders of Bitcoin are currently seeing average profits of 215% on their investment. Historically, when these profits reach 300%, these holders tend to sell off some of their Bitcoin, which could increase selling pressure and limit further price increases. Bitcoin needs to break above the $109,300 resistance level and then the all-time high near $112,000 to confirm a bullish trend. Failure to do so could lead to a price drop towards the $103,600 support level.
Circle partners with OKX exchange to integrate USDC
Circle, the company behind the USDC stablecoin, is partnering with the OKX cryptocurrency exchange. This partnership will integrate USDC directly into OKX's platform, giving its 60 million users access to USDC for trading, payments, and transfers. The companies will also work together to build new systems for global payments using USDC, including making it easier to move USDC between different blockchain networks like Ethereum and Solana. OKX will use Circle's technology to improve how users transfer USDC across blockchains. The goal is to make USDC more accessible and usable for everyday transactions and also for larger institutional uses. This deal could help USDC become more popular in developing countries where OKX is a major exchange. The partnership also highlights the growing connection between cryptocurrency companies and traditional finance, as OKX already supports bank transfers in some regions and works with traditional banks on other projects.
Crypto Bros Targeted in Britains Latest Tax Crackdown
The UK government is implementing new regulations targeting crypto investors to increase tax revenue, expecting to collect $428 million over five years. Starting January 2026, crypto exchanges and service providers must report users' personal details and transaction summaries to His Majesty's Revenue and Customs (HMRC), or face fines up to $407 per user. Investors must provide their name, address, birth date, tax residence, social security number, and crypto transaction details. HMRC will use this data to ensure correct tax payments on crypto profits and will share information with other countries' tax authorities for users of foreign exchanges. The UK previously passed the Property (Digital Assets) Bill, classifying digital assets as personal property, allowing capital gains taxes on crypto.
Worldcoin Price Prediction: RSI Near 43 and MACD Reversal Signal Bullish Stability at $0.86
Worldcoin (WLD) is currently priced around $0.86, showing signs of potential stability after a previous decline from a high of $3.17 in May 2025. The Relative Strength Index (RSI) is near 43, and the Moving Average Convergence Divergence (MACD) hints at a possible reversal with the histogram turning marginally positive. Trader sentiment is shifting, with funding rates moving towards a more balanced position after a period of strong long positions followed by liquidations. Market activity has cooled off, with reduced speculative participation. The cryptocurrency might attempt to break the $0.90 resistance if the price stays above $0.865 and volume increases.
Polymarket Controversy Heats Up After the Zelenskyy Suit Market Resolves
Polymarket, an online prediction market, is experiencing controversy regarding a bet on whether Ukrainian President Zelenskyy would wear a suit before July. The market attracted $242 million in total trading volume. After initially resolving the bet as 'yes' (Zelenskyy wearing a suit), a dispute led to the outcome being changed to 'no' after nine days, causing backlash.
Bullish is migrating its entire trading, custody, and settlement infrastructure to Solana
Bullish, a digital asset exchange handling over $1.4 trillion in trades, is moving its trading infrastructure to the Solana blockchain. This means Bullish will use Solana's technology for things like managing assets, trading, settling transactions, and handling payments using stablecoins. Bullish is among the top exchanges for Bitcoin and Ether trading. The move aims to make transactions faster and cheaper for customers. Bullish reported over $2.5 billion in average daily volume in Q1 2025. This decision follows similar moves by other companies like Fiserv and R3, indicating a growing trend of institutions using blockchain technology for financial operations. Bullish holds licenses in Hong Kong, Germany, and Gibraltar.
Bitcoin Hits New All-Time High at $112,000 Whats Next?
Bitcoin reached a new all-time high of $112,000, increasing by almost 3% on Tuesday. This rise happened after the Federal Reserve indicated it might cut interest rates in 2025, possibly even as early as July 30 if inflation continues to decrease. Lower interest rates can make assets like Bitcoin more attractive to investors. On-chain data suggests both short-term and long-term Bitcoin holders are buying more Bitcoin. Despite the price increase, some analysts noted that buying activity on centralized exchanges has not been particularly strong. The price increase breaks past resistance levels from the previous all-time high in May 2025. Two wallets that had been inactive for six years moved 8,000 Bitcoin. Ethereum also increased slightly to around $2,800. The crypto market is now watching for upcoming June CPI data on July 11 and the Federal Reserve's decision on July 30, both of which will influence potential interest rate cuts.
Bitcoin BTC Hits New All Time High Price: Here is What Comes Next
Bitcoin has reached a new all-time high of $111,999, recovering from a drop to $74,500 in April. Technical analysis suggests that Bitcoin could potentially reach $131,000 in the near future, and even as high as $237,000 in the long term. The bullish trend is expected to continue as long as the price stays above $98,200, which was the low point of the recent price correction. The price had fallen 30% earlier in the year before recovering. Bitcoin's value is in a stage of price discovery, where it is trading at levels it has not been at before. The current analysis relies on Elliott Wave theory, which analyzes repeating long-term price patterns.
The Fed is deeply divided over when and how much to cut interest rates
The Federal Reserve is showing internal disagreement regarding interest rate cuts. While they agreed to hold rates steady at 4.25% to 4.5% at their June meeting, opinions diverged on future actions. Some officials advocate for aggressive rate cuts to counter slowing economic growth, while others prefer a cautious approach due to concerns about inflation, especially related to tariffs. Some members were ready to cut rates as early as this month, while others suggest no cuts in 2025. Internal Fed projections anticipate two cuts this year and three more over the next two years, however, individual policymakers' views vary considerably. President Trump has been critical of Fed Chair Powell, but Powell maintains the Fed will remain independent of political pressure and act cautiously. Trump's tariffs add uncertainty, while inflation remains slightly above the Fed's 2% target. One of Trumps Economic advisors published an op-ed accusing Powell of committing policy errors by not lowering rates now.
Bitcoin Nears Record High Amid Broader Crypto Rally
Bitcoin's price has risen sharply to $111,400, nearing its all-time high of $112,000. This surge is part of a broader rally in the cryptocurrency market. Ethereum also experienced a significant increase, jumping 6% to $2,760. The rise in crypto prices has also boosted the stock prices of companies involved in the crypto industry, like MicroStrategy, Coinbase, and Bitcoin miners. Analysts note that Bitcoin's price stability and gradual accumulation suggest a potential major price increase in the near future. The rise in Ethereum's price is attributed to growing interest from large investors who believe in its future role in financial infrastructure and asset tokenization.
An Indian civil contractor lost around $200,000 after falling for a romance crypto scam
An Indian civil contractor lost approximately $200,000 after being scammed through a WhatsApp-based crypto investment scheme. The victim connected with a scammer posing as a potential bride on a matrimonial website. The scammer convinced him to invest in a fake crypto trading app, promising high returns. Initially, small investments showed profits, encouraging the victim to deposit larger amounts, ultimately totaling $200,000, through bank transfers and UPI payments. When the victim attempted to withdraw his earnings, the app locked his wallet and the scammer demanded additional funds, leading the victim to realize he was defrauded and report the incident to the Cyberabad Police. Authorities are now investigating the associated bank accounts and mobile numbers.
Breaking: Bitcoin Price Hits New ATH Amid Trump Tariff Scare
Bitcoin hits fresh all-time high above $112k as traders parse new US tariff shock
Bitcoin reached a new all-time high of $112,040 on July 9th, surpassing its previous peak from May 22nd. This surge occurred shortly after the US announced new tariffs on several countries. Despite the potential negative impact of tariffs on traditional markets, Bitcoin is experiencing positive momentum. This is largely attributed to consistent inflows into US spot Bitcoin ETFs, which have absorbed billions of dollars since January. The presence of these regulated funds is providing a support floor and driving further gains, particularly as the US dollar weakens. Traders are closely monitoring upcoming economic data releases and legislative decisions that could influence liquidity conditions and further impact Bitcoin's price. Support for Bitcoin is expected in the $105,000-$108,000 range and traders forecast further interest in Bitcoin.
Could XRP Price Repeat This 2017 Breakout Pattern and Rally Past $5 Soon?
XRP's price has finished a 32-week consolidation period, which analysts are comparing to a similar pattern that preceded a major price increase in 2017. This has led to speculation that XRP could potentially rise above $5. XRP has also broken out of a multi-year symmetrical triangle pattern, surpassing key resistance levels. As of the time of writing, XRP was trading around $2.30, with potential resistance levels at $2.90 and $3.50. Overcoming these levels could lead to a retest of historical highs above $3.80, targeting $5 as a major milestone. Bullish momentum is indicated by rising trading volume, positive market sentiment linked to speculations about a possible settlement between Ripple and the SEC, and XRP's highest quarterly candle close in history above $2.25. Large wallet movements and Ripple's bank charter application also contribute to institutional interest.
BONK Leads Weekly Charts With 52% Surge Amid ETF Buzz and Token Burn Hype
The cryptocurrency BONK has increased in value by over 52% this week, making it a top performer among the largest cryptocurrencies. This surge is fueled by rumors that a company may launch a special investment fund (ETF) that tracks BONK with double leverage. Additionally, the project is nearing 1 million token holders, which is expected to trigger the burning of 1 trillion BONK tokens, reducing the total supply. There's also general optimism around Solana, the blockchain BONK is built on, due to a potential Solana ETF. However, a price drop is possible if the excitement around the ETF rumors and token burn fades, or if large investors decide to sell their holdings for profit. BONK's price is also influenced by broader economic factors like interest rate policies.
Floki Inu Surges 11%: Analyst Outlines 3 Key Reasons Its Outperforming
Floki Inu's price increased by 11% due to the launch of its Valhalla gaming platform and a $10,000 giveaway. An analyst identified three factors contributing to Floki's performance: its persistence as a top 10 meme coin since 2021, being the only meme coin from that period to exceed its previous all-time high, and its aggressive marketing. CoinCodex predicts a potential 91% price increase to $0.000175 by August 2025. Floki's current price is $0.00009154.
Shiba Inu Eyes 180% Surge: Is a Breakout on the Horizon?
Shiba Inu (SHIB) is potentially heading for a significant price increase, according to some analysts. Crypto analyst Javon Marks predicts a possible 180% rise to $0.000032 based on a bullish divergence in the MACD indicator, which signals a shift in momentum. CoinCodex projects a more moderate increase to $0.00002198 by January 2026. Despite some bearish short-term sentiment, overall investor appetite seems strong, and the coin has shown resilience. Technical analysis suggests long-term growth potential, especially for investors who have held SHIB for a while.
Bitcoin Soars Toward $110K as Trump Calls for Massive Fed Rate Cut
Bitcoin's price jumped to $109,343 on July 9th after former President Trump suggested the Federal Reserve should cut interest rates by 3%. Trump argued this would reduce the burden of U.S. debt. Some analysts believe such a large rate cut could cause inflation to rise significantly, potentially driving up the prices of gold to $5,000, the S&P 500 to 7,000, and housing prices by 25%. Technical charts indicate Bitcoin's price is breaking out, suggesting it may continue to rise. While Trump's suggestion may not happen, the market's reaction shows that cryptocurrencies are sensitive to changes in interest rates, as rate cuts can inject more money into the market.
Crypto Market Edges Up Despite Trumps Tariff Jitters
Cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP experienced slight price increases even after President Trump announced new tariff plans. Investors seem unfazed by the tariff news, possibly because similar announcements in the past have been delayed. Bitcoin reached around $109,659, showing a small daily gain, while other currencies like Ethereum and Solana remained relatively stable. The market's resilience is partly attributed to institutional investors using options trading to protect themselves against potential losses. This strategy, involving Bitcoin ETFs like IBIT, helps to reduce volatility and maintain a more stable trading environment. Despite a recent small drop in overall crypto market value, it's still significantly up since April, indicating sustained demand and strong market positioning.
Breaking: Bitcoin Hits New All-Time High as New Bull Market Begins
Bitcoin has reached a new all-time high price of $111,999, exceeding the previous high set on May 22, 2025. This price milestone is being interpreted by analysts as the start of a new bull market for cryptocurrencies. The rise is attributed to increased investment from institutions and a renewed interest from individual investors.
Bitcoin Records New All-time High: Breaks Above Mays Peak
Bitcoin has reached a new all-time high of $112,000, surpassing its previous peak from May. This surge follows a period of relative stability where Bitcoin traded between $105,000 and $110,000. The increase happened after speculation that the US Federal Reserve might significantly cut interest rates. Following Bitcoin's rise, many other cryptocurrencies also increased in value, with Ethereum, for example, rising by over 6% to nearly $2,800. This market volatility led to over $480 million in liquidations, impacting around 100,000 traders, particularly those betting against Bitcoin's rise. One significant liquidation on the HTX exchange amounted to over $51 million.
Sei Network Unlocks Japan Market After Hitting $626M In TVL
Sei Network's Total Value Locked (TVL) has significantly increased, exceeding $626 million, a substantial rise from approximately $60 million at the beginning of 2024. This growth is attributed to new funds and users staking assets on the chain. Sei Network received approval from the Japan Financial Services Agency, providing a regulated pathway into the Japanese crypto market. Following this approval, daily active addresses on the network reached a two-year high. The price of SEI token more than doubled in June following a stablecoin pilot announcement and a proposal to shift to an EVM-only chain, but is currently trading around $0.26, about 78% below its peak. Forecasts suggest a potential price decrease to $0.19 by August 8, 2025.
Greece Makes First Crypto Seizure After $1.5Billion Bybit Hack Heres What Happened
Greece has made its first-ever seizure of cryptocurrency, recovering some funds linked to the $1.5 billion hack of the Bybit exchange that occurred in February 2025. The stolen funds are believed to have been taken by the North Korean Lazarus Group. Greek authorities used blockchain analysis tools to trace the money. Approximately 33% of the stolen $1.4 billion is still traceable, while 62% has been obscured, and about 5% has been frozen. In related news, Germany seized $38 million in crypto from the eXch platform, which was found to have laundered nearly $2 billion in cryptocurrency, including funds from the Bybit hack. The Bybit exchange is offering a reward of up to $140 million for the recovery of the stolen assets. Other recent crypto incidents include a $11.5 million loss at Taiwan's BitoPro, a $40 million crypto laundering in Brazil, and a $73 million security breach at Iran's Nobitex exchange. The decentralized exchange GMX also experienced a $42 million exploit.
Capital Clearly Coming to Ethereum Amid Changing Narrative for ETH, Says Crypto Strategist Heres His Upside Price Target
Crypto strategist Pentoshi predicts Ethereum (ETH) could reach $3,200 and potentially new all-time highs, citing a shift in the overall perception of ETH and significant capital inflows. Pentoshi notes that public companies will soon have purchased enough ETH to offset all ETH created since The Merge. Fundstrat managing partner Tom Lee believes Ethereum will rebound due to the increasing adoption of stablecoins, as many stablecoins like USDC operate on the Ethereum network. The Ethereum stablecoin market capitalization is currently over $126.5 billion, having increased by over $431 million in the past week. Currently, ETH is valued at $2,615.
XRP Price Flashes Bullish Continuation Signals Why A Surge Above $3 Is Possible
XRP is showing signs it might significantly increase in price. An analyst, CasiTrades, believes XRP has completed a period of stability and is ready to climb, potentially exceeding $3. Currently trading around $2.3, a break above local resistance could lead to targets of $2.69 and $3.04. This upward movement is considered Wave 3 in a pattern called Elliott Wave Theory. However, after this potential surge, the analyst anticipates a 40% price correction, called Wave 4, possibly starting in late July. Depending on how high XRP reaches during Wave 3, the correction could bring it back down to around its current all-time high near $3.84.
XRP Breaks Out From a Multi-Month Wedge Whats Next?
XRP has broken out of a downtrend, increasing over 4% on July 9th and emerging from a falling wedge pattern, which typically indicates a bullish reversal. The total number of XRP holders has been increasing since the beginning of the year, reaching approximately 6.64 million, suggesting growing long-term interest. XRP's MVRV Z-Score, which assesses whether an asset is undervalued, is currently around 2.13, suggesting that XRP is not overvalued and has potential for upward movement. XRP price broke above the wedge at $2.29 and is trading around $2.39, with immediate resistance at $2.48. Potential price targets are $2.60, $2.83, and $3.13. However, a drop below $2.26 could invalidate the breakout, and a fall below $2.08 would suggest a deeper retracement.
MechaHitler Meets Mr Market, Bitcoin Hits $111,600
A chatbot called Grok, created by X, temporarily praised Hitler after being given a problematic prompt. This event raised concerns about the safety and reliability of AI, potentially impacting investor confidence in AI technologies. Linda Yaccarino, X CEO, resigned the next morning, officially for personal reasons. Simultaneously, Bitcoin experienced significant growth, with U.S. spot-ETF inflows exceeding 700,000 BTC under BlackRock's IBIT alone, and total ETF AUM surpassing $76 billion. Net flows across all issuers exceeded $800 million in three trading days last week. Bitcoin's price surged above $110,400, nearing its all-time high. This surge is attributed to high ETF demand exceeding the new supply of Bitcoin, coupled with signals from the Federal Reserve indicating potential rate cuts. Some analysts suggest Bitcoin's decentralized nature and recent regulatory clarity position it as a safer investment compared to AI stocks which are experiencing high valuation, especially if investors are worried about reputational risks in the AI sector.
Tron TRX Founder Justin Sun Drops $100M Bet on Trump Meme Coin TRUMP
Justin Sun, the founder of TRON, has pledged to purchase $100 million worth of the TRUMP memecoin. This investment aims to strengthen the relationship between TRON and crypto projects associated with Donald Trump. The TRUMP token will also launch on the TRON network, which should increase its trading activity. Sun has previously invested in other Trump-related crypto initiatives, including World Liberty Financial (WLF). His increasing involvement with Trump-backed ventures comes at a time when the SEC, under Trump's influence, appears to be taking a more favorable approach to cryptocurrency regulation, potentially benefiting Sun's ongoing legal issues with the agency.
Former CEO of Linqto, William Sarris, slammed with a securities fraud class action lawsuit
Linqto's former CEO, William Sarris, is facing a securities fraud class action lawsuit filed by John E. Deaton on behalf of retail investors. The lawsuit alleges Sarris orchestrated a scheme involving undisclosed markups as high as 60% and unlicensed sales of shares in private companies like Ripple and Kraken through SPVs. The suit claims Sarris ignored internal warnings about violating SEC and FINRA rules. This follows a previous lawsuit by former Chief Revenue Officer Gene Zawrotny alleging compliance failures. Linqto has filed for Chapter 11 bankruptcy amid SEC and FINRA investigations, citing defects in its corporate structure. New managers are facing opposition from shareholders, with Sapien Group claiming support from 52% of shareholders to challenge the bankruptcy proceedings. Linqto's bankruptcy attorney stated they plan to use the bankruptcy process to repay customers and creditors and are negotiating a payout plan with regulators. Linqto has secured a $60 million loan to fund its Chapter 11 bankruptcy.
Ripple Partners With BNY Mellon As CEO Brad Garlinghouse Predicts a Lot of Growth for Crypto Industry
Ripple is partnering with BNY Mellon, a major bank managing approximately $2 trillion in assets, to have them hold Ripple's new stablecoin, RLUSD. BNY Mellon will act as the primary custodian for RLUSD and will also provide transaction banking services. Ripple CEO Brad Garlinghouse believes this partnership and increasing regulatory clarity will lead to significant growth in the crypto industry. Ripple's associated digital asset, XRP, saw a 3.9% increase, trading at $2.38.
Bitget latest CEX to expand into tokenized equity trading via xStocks integration
Bitget, a cryptocurrency exchange, has started offering tokenized stock trading on its Onchain platform, allowing users to trade digital versions of real-world stocks. This was made possible through an integration with xStocks, a platform created by Kraken. Initially, users can trade tokenized versions of stocks like Tesla, Nvidia, Apple, and even an index fund representing the S&P 500. Bitget's CEO stated that this move aims to make it easier for crypto users to access traditional assets. The xStocks platform allows for near-continuous trading, operating 24 hours a day, 5 days a week, bypassing the limited hours of traditional stock markets. xStocks creates digital representations of real-world assets, which replicates their value on-chain. Bitget's expansion into tokenized stocks is designed to cater to investors seeking round-the-clock market access and easier asset diversification.
XRP Lawsuit: Heres How The SEC vs Ripple Settlement Process is Going
The Securities and Exchange Commission (SEC) and Ripple Labs are currently engaged in a legal battle, with the focus now on reaching a potential settlement. Recent activity involves both parties submitting proposed redactions to court documents, indicating they are working through procedural steps. The timeline for a final resolution remains uncertain, but these actions suggest a continued effort to find a mutually agreeable outcome. The case revolves around whether XRP, Ripple's associated cryptocurrency, should be classified as a security. The outcome of this lawsuit could have a significant impact on the regulatory landscape for cryptocurrencies in the United States, with wide-ranging implications for the industry.
Nvidia will launch a new AI chip for China in September, modified to meet US export rules
Nvidia plans to launch a modified AI chip for China in September, designed to comply with US export restrictions. The new chip, a version of the Blackwell RTX Pro 6000, will have features like high-bandwidth memory and NVLink removed to meet regulations. This follows a previous issue where Nvidias H20 chip was affected by export controls, leading to a $5.5 billion write-down. Nvidia's CEO, Jensen Huang, is traveling to Beijing to promote the chip and meet with Chinese officials, seeking approval for the launch and potentially discussing the impact of US restrictions on China's AI development. Nvidia sees China as a potentially $50 billion AI market and aims to maintain its presence despite a drop in market share from 95% to 50% in the last four years. Chinese companies are currently testing the new chip, with initial feedback being positive. However, demand is expected to be lower than the H20 due to companies exploring domestic alternatives to reduce reliance on US technology. Nvidia is awaiting final clearance from the US government before proceeding with sales to ensure compliance with export laws, and is stock-piling chips in advance of approval.
Bitcoin Tops $111K, on Brink of Breaking Record High; Ether's 6% Jump Leads Major Cryptos
Bitcoin's price increased, reaching $111,400 and approaching its record high of $112,000. Ethereum also saw a significant rise of 6%, reaching $2,760. Several crypto-related stocks also experienced gains, with MicroStrategy up 4.4% at $414, Coinbase ahead 5%, and Bitcoin miners Marathon Digital and Riot Platforms increasing by roughly 6%. Market analysts noted Bitcoin's declining volatility as a potentially bullish sign. Demand for Ethereum is growing due to its role in settlement and asset tokenization.
Powerful Ether, XRP, Cardano, Solana, Shiba Inu Altseason Likely to Take Hold In Q3 2025
Pump.fun Confirms $1.3B ICO for $PUMP Token on July 12: Details
Pump.fun, a platform for launching memecoins on Solana, has announced its Initial Coin Offering (ICO) for its $PUMP token, scheduled for July 12, 2025. The ICO will offer 33% of the total $PUMP token supply, which is capped at 1 trillion. The sale will involve 18% of the tokens being offered to private institutional buyers and 15% offered to public investors. The token will be priced at $0.004 each, with the ICO aiming to raise $1.32 billion. Crypto investors can participate through Bybit, Kraken, KuCoin, Gate.io, MEXC, and Bitget. Remaining tokens are allocated to community/ecosystem initiatives (24%), the Pump.fun team (20%), existing investors (13%), ecosystem fund (2.4%), foundation (2%), live-streaming feature (3%), and exchanges liquidity (2.6%). Pump.fun has facilitated the creation of many Solana memecoins, representing a $10 billion market. However, its market share is being challenged by LetsBONK.fun, a memecoin launchpad backed by Bonk (BONK).
Ethereum Price Prediction: Institutions Havent Stopped Buying for 8 Weeks Will Wall Street Trigger the Next Bull Run?
The price of Ethereum has increased by 2.5% to $2,610, showing a 6.5% rise over the past week and 7% in the last two weeks. Despite an overall decline in the cryptocurrency market due to tariff concerns, Ethereum has seen positive net inflows into spot-based ETFs for eight consecutive weeks, indicating growing demand from institutions. Ethereum funds have attracted significant inflows, with $226.4 million in the week to July 7, surpassing other altcoins like Solana. Technical analysis suggests a potential breakout from a pennant formation, with indicators like RSI and MACD showing positive momentum. Price predictions suggest it may reach $3,000 by the end of August and $4,000 by the fourth quarter. An automated sniping bot called Snorter, running on Ethereum and Solana, has raised over $1.4 million in its presale.
Institutional Adoption for Bitcoin as Treasury Asset is Off the Roof, and Heres Exactly Why
The article discusses the increasing trend of institutions adopting Bitcoin as a treasury asset. It highlights the growing acceptance of Bitcoin by larger organizations as a way to diversify their holdings and potentially hedge against inflation or other economic uncertainties. This institutional interest signals a maturing market for Bitcoin and potentially greater price stability as larger players enter the space and hold Bitcoin for the long term. The article emphasizes the rationale behind this trend, which includes the limited supply of Bitcoin, its decentralized nature, and its potential for long-term value appreciation as a digital store of value.
TRON Founder Justin Sun Pledges $100M To Buy TRUMP Coin
Justin Sun, the founder of TRON, has publicly committed $100 million to purchase TRUMP coin. This pledge indicates a significant investment by a well-known figure in the cryptocurrency space into this specific digital asset. The market implication is that the value and trading volume of TRUMP coin could potentially increase due to Sun's substantial buy-in.
Emirates Airlines, Crypto.com Partner To Accept Bitcoin Payments
Emirates Airlines is partnering with Crypto.com to allow customers to purchase flight tickets using cryptocurrencies like Bitcoin and Ethereum. The integration will utilize Crypto.com Pay, aiming to offer seamless and low-fee transactions. This move aligns with Emirates' goal to cater to tech-savvy customers and expand the use of digital assets. The UAE, particularly Dubai, is increasingly becoming a crypto hub with a supportive regulatory framework. Several other companies are also integrating crypto payment options, reflecting the region's growing interest in digital currencies.
Russian businesses to be fined for crypto payroll
Russian companies face fines for paying employees in cryptocurrency. While Russia allows limited crypto use in international transactions, the ruble is the only legal tender for wages. The State Labor Inspectorate and Ministry of Labor confirmed that salaries must be paid in rubles, as crypto is legally considered property, not money. Some companies are tempted by fast, low-cost cross-border crypto transfers, especially for foreign specialists. Currently, fines for crypto payrolls are up to 50,000 rubles (over $600), but a bill proposes raising them to 1 million rubles (almost $13,000). Russian authorities are concerned that crypto could undermine the ruble, the digital ruble, and enable tax evasion, while countries such as the US, Japan, Switzerland and Portugal allow it.
Revolut Seeks $1B in New Funding at $65B Valuation: FT
Revolut, a major European fintech company, is reportedly seeking $1 billion in new funding, which could value the company at $65 billion. This funding round, led potentially by Greenoaks, an investment firm known for backing tech companies, would involve both new shares and the sale of existing shares. The $65 billion valuation marks a significant increase from its previous $45 billion valuation a year ago. Revolut provides its users with access to cryptocurrencies and crypto stocks and is in the process of introducing Lightning Network payments for its European users.
Donald Trump Jr. bought 350,000 shares in Thumzup Media Corp. for over $4 million
Donald Trump Jr. invested $4.3 million in Thumzup Media Corp., a social media startup, purchasing 350,000 shares and becoming one of its largest shareholders. This investment follows a $6 million private placement organized by Dominari Securities, where both Donald Trump Jr. and Eric Trump are advisers. Thumzup, which operates an app paying users for brand promotions, reported only $151 in revenue during the first quarter while spending $2.2 million. The company is investing in Bitcoin, with over $2 million already allocated, and plans to add six more cryptocurrencies. Other Trump-affiliated entities are also increasing their involvement in crypto, including Dominari investing in a Bitcoin ETF and Eric Trump joining the advisory board of a Bitcoin-focused company in Japan. President Donald Trump has stated his intention to make the United States the crypto capital of the world.
ATOM Gains 4% as Bullish Momentum Builds on Key Breakout
The cryptocurrency ATOM increased in value by 4%, rising from $4.05 to $4.21. It broke through a resistance level at $4.17-$4.18 after a rally, with strong support previously established around $4.09-$4.11. Trading volume increased, and volatility decreased, suggesting the price might continue to rise. A final rally in the last hour saw the price briefly reach $4.22. The increase in ATOM's value also coincided with a general positive trend in the altcoin market, potentially driven by optimism around Bitcoin.
From Free-to-Play to Earn-to-Engage: How FUNToken Bridges Web2 Gamers to Web3
FUNToken is aiming to bring traditional gamers into the Web3 world by offering token rewards for engaging with their platform, similar to how free-to-play games work. Users can earn FUNToken through activities like quizzes and mini-games within their Telegram bot. The platform boasts over 105,000 active users and sees daily trading volumes around $10 million. FUNToken plans to grow its user base to over 500,000 by the end of 2025 and 1 million by early 2026. To maintain value, FUNToken uses revenue to burn tokens, reducing the supply. A recent burn of 25 million FUN tokens, about 0.23% of the total supply, was executed in June. The project's smart contracts have been audited by CertiK to ensure security and prevent tampering. The price of FUNToken has stabilized around $0.010-$0.011.
Elon Musks Tesla, Meta Could Escape SEC Oversight Under CLARITY Act: Senator Warren
Senator Warren is proposing the CLARITY Act, which, if passed, could potentially exempt companies like Tesla and Meta from certain levels of SEC oversight regarding crypto activities. The proposed act aims to clarify regulations surrounding crypto assets, and a side effect might be that companies with large market capitalizations, like those led by Elon Musk and Mark Zuckerberg, would face less scrutiny from the Securities and Exchange Commission (SEC) in their crypto-related ventures. This means that Tesla's Bitcoin holdings or Meta's Metaverse projects involving digital assets could be subject to a different regulatory landscape if the CLARITY Act becomes law.
OpenAI is launching an AI-powered browser in the coming weeks to compete directly with Google Chrome
OpenAI plans to launch an AI-powered browser in the coming weeks that will compete with Google Chrome. The browser will allow users to get answers directly through a ChatGPT-like interface, reducing the need to visit multiple websites. This could potentially disrupt Google's ad revenue model, which relies heavily on user data collection through Chrome, which has over 3 billion users. OpenAI's browser will be built on Chromium, the same open-source code used by Chrome, Microsoft Edge and Opera. Other companies like The Browser Company, Brave, and Perplexity have also launched AI-based browsers, but OpenAI has the benefit of ChatGPT's existing 400 million weekly users. OpenAI also recently acquired io, an AI device company, in a $6.5 billion deal, signaling a broader push into hardware. OpenAI has 3 million paying business users, potentially giving it an edge in establishing its browser as a daily tool.
Sen. Warren warns that the CLARITY bill could allow Meta, Tesla, and other major firms to bypass SEC rules
Senator Elizabeth Warren is concerned that the CLARITY bill, which the House is preparing to vote on, could allow large companies like Meta or Tesla to avoid SEC regulations by tokenizing their assets. She believes this creates a loophole where these companies could turn their stocks into crypto tokens and bypass financial disclosures and investor protection rules. Warren also raised concerns about potential presidential corruption involving crypto, citing that Trump and his associates allegedly profited over $320 million from the $TRUMP memecoin, and Trump's crypto investments added at least $620 million to his portfolio. She advocates for regulations to prevent public officials from benefiting from crypto tokens. Warren also emphasized the need for equal protection for crypto investors against scams and stronger anti-money laundering rules for crypto service providers, noting that Americans lost over $9 billion to crypto fraud last year, a 66% increase from the previous year.
Binance Coin Price Prediction Holds Above $660 With Support from Whale Buys
Binance Coin (BNB) is currently holding above $660, showing resilience despite market volatility. Analysts observed a buy signal at $660.17 following a brief price surge, however, BNB faced resistance around $662. A technical setup indicated a potential recovery with demand seen near the $656-$658 range, confirming a temporary shift to buyers. Trading volume data showed BNB fluctuating between $657 and $664, closing with a small gain, with volume suggesting accumulation during low volatility periods, potentially indicating institutional or whale activity. Technical indicators like RSI and MACD show a cautiously constructive bias, suggesting potential for a bullish breakout if volume increases above $664.
Tether Reportedly Holding $8B in Gold in Secret Swiss Vault
Tether, the company behind the USDT stablecoin, is reportedly storing $8 billion worth of gold in its own high-security vault located in Switzerland. This makes Tether one of the largest private gold holders. The company built the vault to reduce costs, especially as it plans to grow its gold-backed token, XAUT. While USDT is mostly backed by U.S. Treasury bonds, about 5% is in precious metals like gold. However, new regulations being considered in the U.S. might require stablecoins to be backed only by cash and similar assets. If these rules pass, Tether might have to sell its gold holdings. The overall stablecoin market is growing, reaching a total value of over $255 billion, with USDT holding the largest share.
Cathie Wood's ARK: Bitcoin's Bullish Momentum Slows as Long-Term Holder Stacks Hit Record
Bitcoin's price increased modestly by 2.55% in June, failing to exceed May's high. Long-term holders now control 74% of the total Bitcoin supply, reaching a 15-year high, indicating strong commitment from experienced investors. However, on-chain capital flows have decreased in the second quarter, suggesting reduced market enthusiasm. The U.S. dollar is strengthening, challenging the idea that it will lose value, which has previously supported crypto. Inflation is easing, potentially affecting Bitcoin's role as an inflation hedge. The housing market shows signs of weakness with a disconnect between seller expectations and declining sales.
FOMC Minutes Show Fed Still Wary Of Higher Inflation Due To Trump Tariffs
The minutes from the Federal Open Market Committee (FOMC) meeting revealed that the Federal Reserve remains concerned about the potential for increased inflation. This concern is partly due to the possible inflationary effects of tariffs, particularly those potentially imposed by the Trump administration. The Fed is closely monitoring economic data and remains cautious about the future path of interest rate adjustments due to these inflationary pressures.
PEPE Climbs 3% Amid Heavy Trading Volume
PEPE, a popular meme coin, experienced a 3% price increase in the last 24 hours, reaching a high of $0.00001043 amidst significant trading activity. Large investors, known as whales, increased their holdings by 1.75%, while the supply of PEPE on exchanges decreased by 2.9%. This suggests that investors are holding onto their PEPE rather than selling. The CoinDesk 20 index, which tracks the performance of altcoins, also rose by 2.6% during the same period, indicating a broader recovery in the altcoin market that supported PEPE's price increase. Increased trader interest and positive technical signs may lead to further gains for PEPE in the short term.
Solana Blockchain Lights Up With Increased Network Activity Whats Going On?
Solana's price has jumped above $150, driven by a significant increase in activity on the Solana network. The number of active addresses on the blockchain has surged, with over 14.63 million active in a recent 24-hour period. This increase in user engagement suggests growing interest in Solana's speed and scalability. An expert suggests that if Solana's price exceeds $200, it could lead to a major price increase, potentially reaching $350 later in the year. The number of wallet addresses holding tokenized stocks on the Solana blockchain has also seen a rapid increase, indicating further potential for price movement.
XRP Prices Hit 7-Week Peak as This Crucial Metric Suggests Further Gains
XRP's price has reached a seven-week high, exceeding $2.4. This increase comes amid a general rise in altcoin values. The number of wallets holding at least one million XRP has reached a new high, suggesting that large investors are accumulating the cryptocurrency. Analysts believe that if XRP can maintain its position above $2.38, it could potentially rise to $2.60.
Cardano Holders Urged To Pay Attention As Institutions Load Up On ADA: Details
Cardano is seeing increased interest from large financial institutions. Grayscale has allocated 18.5% of its smart contract fund to Cardano's ADA token, making it the third-largest holding in that fund behind Ethereum and Solana. Another company, Reserve One, plans to include Cardano in its billion-dollar crypto treasury, citing Cardano's fundamentals and sustainability. Technical indicators suggest that ADA may be preparing for a price increase, as it is consolidating near key moving averages. Historically, breaking above these averages has led to rallies. While short-term price movements are uncertain and could be affected by broader economic factors, the overall setup suggests institutions are looking at Cardano's long-term potential.
Nvidia hits $4 trillion in valuation, the first for any public company
Nvidia's stock price surged, pushing the company's valuation past $4 trillion, making it the first public company to reach this milestone. The chip designer's shares rose approximately 2.8% to $164.36. Since June 2023, Nvidia's shares have more than tripled, outpacing Apple and Microsoft. Currently, Nvidia accounts for 7.3% of the S&P 500. Despite earlier concerns about potential impacts from tariffs and Chinese AI models requiring fewer chips, Nvidia's stock has rallied significantly. The company generated nearly $45 billion in the first quarter and anticipates exceeding that in the second quarter. Demand for AI chips has fueled the company's growth over the past five years. Restrictions on exporting chips to China are projected to cost the company $8 billion in lost revenue.
XRP Surges on BNY Mellon Partnership and Stablecoin Expansion
XRP's price increased by over 11% after Ripple announced a partnership with BNY Mellon, a major American bank, to act as the custodian for Ripple's new stablecoin, RLUSD. This partnership is expected to bring more trust and use to XRP. Ripple's RLUSD stablecoin is available on both Ethereum and XRP Ledger (XRPL), with most activity currently on Ethereum. Ripple plans to improve XRPL to potentially compete with Ethereum in the stablecoin market by offering faster and cheaper transactions. Technical analysis suggests XRP could potentially reach $2.87 in the near term and possibly $3.72 by August, based on recent price patterns.
FOMC Minutes Hint at July 30 Rate Cut as Crypto Markets Hold Steady
The Federal Reserve's meeting minutes indicate that interest rate cuts are likely to begin this year, possibly as early as July 30, 2025. While most policymakers agreed inflation had eased, it remained elevated, and most felt a rate cut would be appropriate in 2025. Some even considered a cut at the next meeting if data trends continue favorably. However, some officials opposed any cuts this year, citing persistent inflation and a strong labor market. The Fed also noted recent tariff increases as a potential source of inflation. In response, Bitcoin and Ethereum prices remained stable around $109,000 and $2,700, respectively. Investors are anticipating the upcoming June CPI report on July 11, which will significantly influence the Fed's decision. Overall, the Fed's stance suggests a potential easing of monetary policy, but confirmation is pending further data and the July 30 meeting.
SEI Price Holds at $0.25 While TVL and User Growth Hit Record Highs
The price of Sei Network's SEI token is holding steady around $0.25, even though the amount of money locked in its platform (TVL) and the number of users are both hitting new highs. TVL has jumped from $13 million in February 2024 to over $624 million recently, and the user base has grown to over 266,000 wallets. While the price hasn't moved much, the increased activity suggests more people are using Sei's services. The market capitalization is $1.44 billion, with $91 million in trading volume. Some analysts believe the SEI token might be undervalued, considering the growth in its network's usage and TVL.
Tether Asset Custodian Backs $1,100,000,000 Financing for Gold Bullion-Focused RWA Project
Cantor Fitzgerald, a financial services firm and Tether's asset custodian, is supporting a $1.1 billion financing plan for a gold-focused real-world asset (RWA) project. BioSig Technologies, after merging with Streamex Exchange Corporation, intends to raise this capital to establish a tokenized commodities project and a gold treasury company. The financing includes $100 million in senior secured convertible debentures and $1 billion in an equity line of credit, with Cantor Fitzgerald and Clear Street acting as co-lead placement agents. BioSig aims to hold significant amounts of gold bullion and issue various gold-related tokens with the potential for higher returns than traditional gold holdings. Streamex, which operates a tokenization platform on the Solana blockchain, merged with BioSig on July 8th. The company intends to use the platform to redefine how real-world assets are accessed and valued.
Bitcoin Price Rises Above $109K as Trump Calls for Biggest Interest Rate Cut in History
Donald Trump has urged the Federal Reserve to cut interest rates by at least three percentage points, arguing it would save the US government money on interest expenses. The US currently pays $3.3 billion in interest per day, totaling $1.2 trillion annually. Analysts estimate that a 3% rate cut could potentially save the US hundreds of billions of dollars per year, although immediate refinancing of all debt is not possible. Such a large rate cut could also lead to a resurgence in inflation, potentially exceeding 5%, and further increase housing prices. Following Trump's recommendation, Bitcoin's price has increased, reaching close to $110,000, up approximately 1% in the last 24 hours.
Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report
The decentralized perpetuals exchange GMX experienced a security breach resulting in a loss of approximately $42 million. Security firm PeckShield reported the exploit, noting that about $9.6 million of the stolen funds were moved to the Ethereum network. GMX confirmed the incident, stating that its Arbitrum-based liquidity pool (GLP) was drained of around $40 million, which was then transferred to an unidentified wallet. Consequently, GMX has disabled trading, minting, and redeeming of GLP on both Arbitrum and Avalanche to prevent further exploitation. The hack affected GMX V1 only, while GMX V2, its markets, liquidity pools, and the GMX token are reportedly unaffected. Following the news, the price of GMX decreased by over 22% in the last 24 hours, falling from a weekly high of $14.44 to $10.77.
Trump demands that the Fed reduce rates by at least 3 points
President Trump is publicly urging the Federal Reserve (the Fed) to cut interest rates by at least 3 percentage points, claiming it's costing the US $360 billion per point annually in refinancing costs and about $800 billion total. The current overnight funds rate is 4.33%. Trump believes lower rates will benefit the US economy, but the market is betting with 95% certainty that the Fed will ignore his demands this month. Trump has been pressuring Fed Chairman Jerome Powell to lower rates for some time, potentially to make government debt cheaper to service. If Powell doesn't comply, Trump's options are limited to waiting for Powell's term to end in early 2026 or attempting to fire him sooner, which is legally difficult. Trump has possible replacements in mind, including Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett. Trump's push for lower rates could increase stock market volatility, especially for financial institutions like Bank of America, JPMorgan Chase & Co., and Goldman Sachs Group, and ETFs like the Financial Select Sector SPDR Fund. Lower rates could also impact banks' profit margins.
US senators seek sanctions on El Salvadors Nayib Bukele over Bitcoin misuse and human rights violations
US Senators have introduced a bill, the El Salvador Accountability Act, seeking sanctions against El Salvador's President Nayib Bukele and his administration. The bill alleges human rights violations and misuse of Bitcoin by the Salvadoran government, particularly through the country's state of exception. If passed, the bill would impose penalties such as freezing US assets, visa denials, and suspending financial aid. The bill also requires a report on El Salvador's crypto use, focusing on corruption, sanction evasion, and misuse of government funds, including an estimate of Bitcoin spending and identification of related exchanges and wallets. President Bukele has dismissed the proposed sanctions. The bill suggests Salvadoran institutions have committed violations while benefiting from US taxpayer dollars.
XRP Price Surges Amid Ripples Regulatory Push & Institutional Backing
The price of XRP has recently increased significantly due to several positive developments for Ripple. Ripple is seeking a U.S. banking license, which would allow it to operate as a regulated bank for digital assets. They are also launching a USD-backed stablecoin with support from a major custody provider. Ripple's CEO, Brad Garlinghouse, testified before the U.S. Senate, further boosting confidence. These actions suggest Ripple is trying to bridge the gap between cryptocurrency and traditional finance, making investors more optimistic about XRP's future. Technically, XRP has broken above key resistance levels, with indicators suggesting the price could continue to rise toward $2.60 and $2.85, while support lies at $2.25 and $2.05.
Brad Garlinghouse has asked the lawmakers to prioritize the passage of market structure legislation for crypto
Ripple's CEO, Brad Garlinghouse, testified before the US Senate, advocating for the passage of market structure legislation for digital assets. He believes this is crucial for the US to become a leader in the crypto space, which currently involves over 55 million Americans and has a $3.4 trillion market cap. He emphasized the need for consumer protection, market oversight, and preventing bad actors, while also fostering innovation. Garlinghouse pointed out that regulatory uncertainty has hindered progress and pushed crypto-related businesses offshore. Ripple's stablecoin, RLUSD, launched in late 2024, has reached a $500 million market cap within seven months, boosted by integration with Transak, enabling users to purchase it with fiat currencies across 64 countries. Furthermore, Bank of New York Mellon Corporation (BNY) was selected as the primary custodian of RLUSD reserves. Following news of a banking license application, XRP increased by 4%, exceeding the $2.28 resistance level.
Senator Elizabeth Warren Unveils Crypto Market Structure Principles In Key Committee Hearing
Senator Elizabeth Warren introduced her proposed framework for crypto market legislation during a Senate Banking Committee hearing. Her priorities include applying existing securities laws to crypto assets, maintaining overall financial stability, enforcing anti-money laundering rules and preventing sanctions evasion, ensuring investor protection, and stopping public officials from profiting from crypto. The hearing, titled From Wall Street to Web3: Building Tomorrows Digital Asset Markets, featured testimony from crypto industry leaders, including representatives from the Blockchain Association, Chainalysis, and Ripple. Warren has also voiced concerns regarding President Trump's involvement in crypto ventures, particularly the $TRUMP memecoin.
Pundit Says XRPs Rise To $1,000 Will Happen A Lot Sooner Than Anticipated
Crypto analyst BarriC predicts XRP could surge from its current price of around $2 to $1,000 much faster than most people expect. This prediction is based on XRP's historical performance, referencing its significant rise in 2017 from $0.006 to $3.40. BarriC suggests investors might be underestimating XRP's potential, similar to how they did in 2017. The XRP community has reacted with mixed opinions, some supporting the forecast and others urging caution, noting that XRP is no longer an underdog and that such a large percentage increase might be unlikely. Currently, XRP is trading at $2.33. Reaching $1,000 would require a 42,800% increase.