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World Liberty Financial, a decentralized finance (DeFi) platform backed by President Donald Trump and his family, is poised to launch its WLFI token, which could hold significant profits for early investors. WLFI Token Launch Approaches The company announced on July 4 that it has initiated steps to have its flagship token listed on cryptocurrency exchanges, marking a crucial milestone after months of anticipation. The WLFI token, which was introduced last year as a non-transferable governance token, is designed to facilitate community voting on the project’s future direction. Secondary market trading has already commenced on platforms like Whales.market and MEXC, where WLFI has recently traded between $0.13 to $0.18, a notable increase from its initial sale prices of $1.5 and $0.5. According to the project’s white paper, entities affiliated with the Trump family may collectively hold about one-third of WLFI’s total supply of 100 billion tokens. At current prices, these holdings could represent billions of dollars on paper. Bruno Ver, market expert and investor in the WLFI token, expressed optimism about its potential value, predicting it could reach between $2 and $5 in the near future. If the token were to climb to $2, the stake held by the founding entities could theoretically be worth around $60 billion, making it one of the most lucrative Trump-related crypto ventures to date. Recent estimates suggest that crypto businesses have already added approximately $620 million to Donald Trump’s personal net worth, according to the Bloomberg Billionaires Index. Experts Warn Of Risks Despite the enthusiasm surrounding WLFI, the White House has emphasized that President Trump is distanced from his business interests, having placed his assets in a family-controlled trust. The current proposal for token release, dated July 4, aims to unlock a portion of tokens held by “early supporters,” although the term lacks a specific definition within the documentation. Remaining tokens, including those held by founders and team members, would be subject to future votes and longer lock-up periods to signal a commitment to the project. The proposal is expected to undergo discussion and voting on the Snapshot platform, with a potential timeline extending into August. However, experts caution that the path to a successful launch might come with risks for early holders. Lex Sokolin, managing partner at Generative Ventures, pointed out that tokens with substantial founder and investor allocations often experience significant price declines over time. World Liberty Financial’s token launch and the Trump family’s increased interest in digital assets comes on the heels of notable regulatory changes in the US as the Securities and Exchange Commission (SEC) has adopted a more lenient stance toward crypto. This may signal a sense of confidence from WLFI regarding regulatory scrutiny. Hilary Allen, a law professor at American University, noted that this shift suggests WLFI no longer perceives a threat from the SEC. Featured image from DALL-E, chart from TradingView.com

The Canadian Dollar has had a rough year against the Euro, as the joined currency had been printing its best performance in years against its G10 counterparts – A return of the US Dollar is in the building and it is propping upwards North-American currencies in the start of the Second Half of 2025. After coming close to its 2018 highs, a daily engulfing bearish candle led to a full-handle pullback in EURCAD. With the ECB attaining the end of its cutting cycle, joining the Bank of Canada which expedited its own cutting cycle due to a struggling Canadian Economy, both interest rates for the Euro and CAD are close to parity (2.75% Canadian Main Rate vs 2.15% ECB Refinancing Rate) – This is leading to a fundamental top to interest rate relative strength. Tomorrow will see the release of Canadian Employment data, stabilizing close to 21 Million (20,978.1M) and expectations for the 8:30 AM number are unchanged – Data tends to surprise in Canada due to volatile expectations and less participants in surveys. Read More: The US Dollar attempts a rise after the beat in Jobless Claims Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Blue Lagoon Resources (CSE: BLLG; OTCQB: BLAGF) reopened the Dome Mountain mine in British Columbia on Wednesday, more than 30 years after the last major exploration activity at the gold-silver property. Located just 50 minutes from Smithers in northwestern BC, the project marks a significant shift for the company from exploration to production. In February 2025, Blue Lagoon received its mining and effluent/discharge permits from the BC government, making it one of only nine companies to receive such approvals in the province since 2015. Following the opening ceremony on Wednesday, shares of Blue Lagoon Resources rose 3.13% to C$0.66 apiece, giving the company a market capitalization of C$92.91 million ($67.87 million). Once the water treatment plant is fully operational, Blue Lagoon is targeting production of approximately 150 tonnes per day, totaling 55,000 tonnes annually, with an expected recovery of around 15,000 ounces of gold in the first year. First blasting is expected in August, with initial gold production anticipated in September. The company expects to reach full capacity before the end of the year. Mining will begin at the Boulder Vein above the 1290m level using a mechanized cut-and-fill method. “Over the past few years, we have strategically invested more than $30 million into Dome Mountain, ensuring that when we reached this milestone, we would be ready to move forward with minimal additional capital requirements,” President and CEO Rana Vig said in a February 12 shareholder letter. “Now, with just approximately $3 million in additional CapEx, we will be in a position to begin mining operations – a remarkably low cost compared to industry norms.” Ore will be brought to the surface and stored before being trucked to Nicola Mining’s toll-milling facility in Merritt under an active agreement. Waste rock will remain underground. The project benefits from year-round road access and a newly commissioned water treatment plant. Blue Lagoon remains debt-free, with the upcoming ramp-up funded in part through a recently closed financing of nearly $5 million. The company also has $3.6 million in the money warrants and access to an unsecured credit line from its toll mill partner, Nicola Mining. Community engagement and upside Local support has been central to Dome Mountain’s revival. Four of the ten current site workers are members of the Lake Babine First Nation, on whose traditional territory the project is located. As part of its agreement with the Indigenous community, the company will provide scholarships to train Indigenous youth for underground mining roles. “It’s a great opportunity to learn underground for the First Nations… There’s a great opportunity to teach our young people what underground is so we can all work together as one,” said Brenda Patrick, a Lake Babine Nation employee at the site, in an interview with MINING.com. Pathway to expansion The current mine plan spans five years, focused solely on the permitted Boulder Vein area. However, Blue Lagoon plans to pursue additional permits to mine deeper zones below the 1290m level and expand into the nearby Argillite Vein. This next phase could significantly increase production if exploration results prove favorable. The mine’s existing infrastructure and regulatory progress position it well for phased growth. According to chief geologist Bill Cronk, the property has substantial “blue sky” potential, with 15 high-grade quartz carbonate veins identified and 90% of the 21,000-hectare site still unexplored. Legacy project revived Gold mineralization on the property dates back to the late 1800s, and considerable surface and underground work had already been completed by 1923–1924. Renewed exploration in the 1980s led to the discovery of the Boulder Vein system in 1985 by Noranda. Underground mining occurred briefly in the early 1990s under a joint venture between Timmins Nickel and Habsburg Resources. When operations ceased in May 1993, the mine had produced approximately 43,900 tonnes of ore at an average grade of 0.35 oz/ton gold. The most recent project owner, Gavin Mines, held the property for 12 years, completing much of the infrastructure and underground development. In total, more than $80 million has been spent on the project by previous owners, including Gavin Mines, Timmins Nickel, and Noranda. Blue Lagoon acquired the project in 2020 and has since focused on drilling and developing the Boulder Vein system.

The Japanese yen is showing limited movement on Thursday. In the North American session, USD/JPY is trading at 146.45, up 0.10% on the day. Japan PPI falls to 2.9% Japan's Producer Price Index rose 2.9% y/y in June, down from an upwardly revised 3.3% in May and matching the consensus. This marked the lowest increase since August 2024. On a monthly basis, PPI fell 0.2%, a second straight decline after a 0.1% decline in May. The PPI report signals that underlying inflation pressures are dropping at the producer level, which could delay the BoJ's plans to hike rates and normalize policy. The BoJ has been in a wait-and-see stance since it raised rates in January, exercising caution in a turbulent economic environment. The Bank of Japan held rates in June and meets next on July 31. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Australia is actively exploring digital currencies and tokenized assets. The Reserve Bank of Australia (RBA) is set to launch a comprehensive trial, in partnership with the Digital Finance Cooperating Reserach Centre (DFCRC). The country unveiled the next phase of ‘Project Acacia’ – an initiative designed to test the real world application of the central bank digital currencies (CBDCs), stablecoins and tokenized assets. The trail will test 24 distinct use case. 19 of these will involve real money transactions. Five are proofs-of-concept using simulated transactions. Importantly, three of Australia’s four largest banks – Commonwealth Bank(CBA), Australia and New Zealand Banking Group (ANZ), and Westpac – are actively participating. Other financial and tech organisations are also participating. “The real money settlement models being tested, including issuing pilot wholesale CBDC on third party platforms, reflects another world-first for Australia in this rapidly evolving field,” Talis Putnins, Chief Scientist at the DFCRC. On 10 July 2025, the RBA said in a press release, “Project Acacia has today reached a significant milestone with a number of industry participants selected to explore how innovations in digital money and existing settlement infrastructure might support the development of Australian wholesale tokenised asset markets.” Brad Jones, Assistant Governor at the RBA said, “Ensuring that Australia’s payments and monetary arrangements are fit-for-purpose in the digital age is a strategic priority for the RBA and the Payments System Board.” Explore: 9+ Best High-Risk, High–Reward Crypto to Buy in July 2025 More About Project Acacia Project Acacia is a coordinated, large pilot involving a diverse group of participants. It includes local fintech startups, major Australian banks and global financial institutions. “Project Acacia represents an opportunity for further collaborative exploration on tokenised asset markets and the future of money by the public and private sectors in Australia,” said Jones. “The use cases selected in this project will help us to better understand how innovations in central bank and private digital money, alongside payments infrastructure, might help to uplift the functioning of wholesale financial markets in Australia.” Proposed settlement assets for the use cases include stablecoins, bank deposit tokens, and pilot wholesale CBDCs. Moreover, they include new ways of using banks’ existing exchange settlement accounts at the RBA. Furthermore, the Australian Securities and Investments Commission (ASIC) Commissioner Kate O’Rourke weighed in. She said, “ASIC sees useful applications for the technologies underlying digital assets in wholesale markets. The relief from regulatory requirements that we have announced today will allow these technologies to be sensibly tested—to explore opportunities and identify and tackle risks.” Explore: Australia Proposes New Crypto Framework And Pledges Action On Debanking Australia Proposes New Crypto Framework Australia’s Labor-led government has unveiled a new regulatory framework. It aims at bringing crypto exchanges and related services under the country’s existing financial services laws. The announcement was made by the Treasury Department on 21 March 2025. This marked a significant step toward formalizing oversight of the digital asset industry. Under the proposal, crypto exchanges, custodians, and select brokerage firms involved in trading or storing digital assets will be required to obtain an Australian Financial Services Licence. Moreover, they will also have to comply with capital requirements and customer asset protection rules. EXPLORE: 10 Best AI Crypto Coins to Invest in 2025 Key Takeaways Australia is running a major trial of CBDCs, stablecoins, and tokenized assets in wholesale financial markets. Meanwhile, the Australian government is actively working on broader crypto regulation and industry engagement. The post Australia Unveils Plan To Test CBDCs, Stablecoins, Tokenized Assets appeared first on 99Bitcoins.

Ripple’s ambitions in the global payments space have grown louder and more direct, as its CEO Brad Garlinghouse, openly stated at APEX 2025 that the company is aiming to take over SWIFT’s customer base. The commentary follows Ripple’s long-term strategy to shift global banking infrastructure away from legacy systems to the blockchain-based XRP Ledger. Meanwhile, central banks are increasingly taking note, with recent reports revealing that the capacity of Ripple’s network is currently being studied alongside SWIFT’s systems in experiments. Garlinghouse Sets Sights On SWIFT’s Market Share Speaking at the APEX summit, Ripple CEO Brad Garlinghouse declared that Ripple’s goal is not only to compete with SWIFT but to replace its role in moving money on the global scale. According to Garlinghouse, although SWIFT is very dominant in messaging, the most important thing is the liquidity that banks can provide. “I think less about the messaging and more about liquidity,” he said. Ripple is targeting this deeper infrastructure among banks, which is the actual movement of value. Interestingly, Garlinghouse asserted that Ripple plans to capture up to 14% of SWIFT’s current cross-border volume within five years. That’s a bold number, especially considering the scale at which SWIFT currently operates. Recent estimates show that SWIFT currently facilitates more than 45 million financial messages and handles around $5 trillion in money transfers daily. Even a 14% share of that market would represent hundreds of billions of dollars in value flowing through Ripple’s ecosystem, which would create a significant demand for XRP in the process. Central Banks Are Tapping In Garlinghouse’s comments come at a time when institutional momentum appears to be shifting in Ripple’s favor. Interestingly, Ripple’s global push is not limited to private sector partnerships. A crypto enthusiast on the social media platform X known as Finance Bull recently drew attention to growing central bank interest in blockchain-based payment infrastructure. Unsurprisingly, Ripple’s technology is the key focus to this growing interest. Ripple’s xCurrent solution, which is built on the Interledger Protocol (ILP), was recently studied alongside SWIFT’s gpi system as part of Project Stella. Project Stella is a collaborative research initiative by the European Central Bank and the Bank of Japan. Basically, what this means is that central banks are starting to look into Ripple’s technology, which says a lot about the ecosystem’s outlook in the coming years. The fact that two of the world’s most influential central banks reviewed Ripple’s infrastructure alongside SWIFT is a signal that XRP’s utility is now being evaluated at the core of global monetary policy discussions. These developments closely align with what many fervent XRP supporters have long believed. There have been recurring predictions among the community’s most confident voices that XRP’s price is destined to move far beyond its current all-time high of $3.40. Some technical analyses have predicted double-digit prices for XRP. Other predictions for the XRP price are as high as $1,000.

Taseko Mines (TSX: TKO; NYSE-A: TGB; LSE: TKO) has released an updated technical report for the Yellowhead project in British Columbia that confirms its potential to become a Tier 1 copper asset similar to its Gibraltar mine nearby. The report, published in compliance with NI 43-101 standards, envisions the Yellowhead as a 90,000-tonne-per-day open pit mine that would run for 25 years, producing 178 million lb. of copper annually at cash costs of $1.90 per lb. Over the first five years, average production could reach 206 million lb. at $1.62 per pound. The mine’s after-tax net present value, using an 8% discount rate and metals prices of $4.25/lb. copper, $2,400/oz. gold and $28.00/oz. silver., is pegged at C$2 billion, with an internal rate of return of 21%. The initial capital cost is also estimated at C$2 billion, with a payback period of 3.3 years. Stuart McDonald, CEO of Taseko, says the new technical report “establishes Yellowhead as a world-class copper project in a tier one jurisdiction,” with potential to become one of the largest on the continent. The economics mark a significant improvement on the previous technical report published in 2020, which showed a C$700 million after-tax NPV and 14% IRR. The new report took into account updated capital and operating cost estimates, while maintaining the same reserve estimate of 817 million tonnes grading 0.29% copper equivalent. Taseko Mines opened Thursday’s session 3.2% higher at C$4.77 per share, for a market capitalization of C$1.5 billion. Similar to Gibraltar The report release comes days after Taseko commenced its environmental assessment process by filing the project description with both British Columbia’s Environmental Assessment Office and the Impact Assessment Agency of Canada. The Yellowhead project is located approximately 150 km north of Kamloops, BC, within the territory of the Simpcw First Nation. Since acquiring the property in 2019, Taseko said it has worked closely with Simpcw leadership to better understand community priorities and interests and to inform the Yellowhead project description. “It’s been just six years since we acquired Yellowhead for C$16 million, and we’ve added an incredible amount of value to the project since then,” McDonald said in a press release. “Over the next few years, in parallel with the permitting process, we will also be advancing engineering, community engagement, copper offtake discussions, and project financing initiatives.” Taseko’s foundational asset, the Gibraltar mine, lies about 300 km to the northwest, and as such, the Yellowhead project would benefit from existing transportation infrastructure. On its website, the company said the two projects share similar characteristics. For comparison, Gibraltar runs at 85,000 tpd with an estimated average copper production of 130 million lb. annually.

An update for Sirios Resources’ (TSXV: SOI) Cheechoo gold project in western Quebec raises the open-pit indicated grade by almost 20% and the inferred grade by almost 40%, while almost tripling inferred ounces. Shares rose. Indicated resources now total 34.9 million tonnes grading 1.12 grams gold per tonne for 1.3 million oz. a 19% increase in the open-pit grade over the 2022 resource, Sirios reported Thursday. Pit-constrained inferred resources come to 38.2 million tonnes at 1.01 grams gold for 1.24 million oz., a 38% rise in grade. Including the stope-constrained estimate, inferred resources now total 42.7 million tonnes at 1.23 grams gold for 1.68 million ounces. Cheechoo is near private miner Dhilmar’s Éléonore gold operation, about 1,250 km north of Montreal. “The substantial increase in gold resources at Cheechoo reflects the dedicated efforts of our team since the last mineral resource estimate,” Sirios President and CEO Dominique Doucet said in a release. “The total resources now position the project as a highly compelling opportunity for mining development-just a few kilometers from a producing gold mine.” Located just 10 km from Éléonore, which Newmont (NYSE: NEM, TSE: NGT) sold to Dhilmar last November, Cheechoo benefits from strong infrastructure in the prolific James Bay region, including roads, power and mill facilities. Sirios shares gained 16% to C$0.07 apiece on Thursday morning in Toronto, for a market capitalization of C$22.4 million. 31-million-tonne target An additional conceptual exploration target was identified at Cheechoo by consultancy PLR Resources while the update was being prepared, Sirios said. The new area is estimated to host between 31 million and 40 million tonnes grading 1.27 to 1.45 grams gold. Its open-pit component comprises 25 million to 32 million tonnes at 0.9 to 1.05 grams gold; and the underground portion 6 million to 8 million tonnes of mineralization grading between 2.8 to 3.05 grams gold. “We are especially enthusiastic about the growth potential represented by our consultants’ [exploration target]…an exciting prospect given that drilling to date has largely focused on near-surface zones,” Doucet said. “Sirios is now outlining a strategy to fast-track additional resource growth and advance the project toward the development stage.” The resource update is based on 82,717 metres of drilling across 345 holes, including 8,660 metres since 2022.

The British pound is lower on Thursday. In the North American session, GBP/USD is trading at 1.3534, down 0.36% on the day. The UK releases May GDP on Friday, with the markets expecting a rebound of 0.1% m/m, following a 0.3% contraction in April, which was the first decline in six months and the sharpest drop since October 2023. The soft April GDP report was affected by some one-on factors; namely, the announcement of the US tariffs and an increase in employers' national insurance contributions. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

After hovering below the $110K mark over the past few weeks, Bitcoin hit a new all-time high yesterday. Bolstered by growing institutional adoption, $BTC is stronger than ever. And that means now’s the time to buy crypto before the next surge. $BTC finally reached the $100K milestone late last year, before outdoing itself in May, when it reached $111,970. Making it to $112,017 is another first for the crypto OG. Make no mistake, Lady Luck played no hand in Bitcoin’s surge. It’s down to an ever-growing list of financial institutions worldwide that are recognizing the value of $BTC, due in part to supportive government policies. Top Guns Weigh In Bitcoin champion Michael Saylor, Executive Chairman of Strategy, argues that Bitcoin has gotten through its riskiest period. In fact, he told Bloomberg in a June 10 interview that he believes that $BTC will be $1M. “The President of the United States supports Bitcoin. The Cabinet supports Bitcoin. [Treasury Secretary] Scott Bessent supports Bitcoin. Paul Atkins has shown himself to be enthusiastic about bitcoin and digital assets. Brian Quintenz at CFTC feels that the banks will custody Bitcoin.” Saylor explained that Bitcoin Treasury companies are buying $BTC’s natural supply. In addition, “BlackRock and the ETFs are buying another measure of that, and we’ve got nation-state actors coming into the space. The writing is on the wall. Bitcoin is moving higher.” Bitcoin’s status as a heavyweight institutional asset is solidifying fast. And while Saylor’s Strategy continues to grab the spotlight, the corporate herd is growing. Take GameStop, for instance. It made waves in May by greenlighting Bitcoin buys at the board level. Soon after, GameStop purchased 4.71K Bitcoin. And for its part, the Trump Media and Technology Group is also eyeing a blended crypto ETF. Dubbed the “Crypto Blue Chip ETF,” it plans to offer exposure to five digital assets. Some 70% of the ETF’s holdings will be in $BTC, 15% in $ETH, 8% in $SOL, and 5% in $XRP. The remaining 2% of the ETF’s holdings will be in $CRO – the native token of the ETF’s digital custodian, the exchange Crypto.com. Bitcoin Wins, Crypto Scores With fresh ETF inflows, increased corporate balance sheet exposure, the rise of crypto futures, and a more favorable regulatory environment, $BTC is experiencing a powerful surge in institutional interest. And the momentum shows no signs of slowing down anytime soon. So, if you’re wondering which crypto to buy before the next big surge, you’re in the right place. Here are three altcoins with massive potential to explode when $BTC rallies again. If Michael Saylor’s predictions hold true, that surge could be just around the corner. 1. Bitcoin Hyper ($HYPER) – Scalability for Bitcoin Through an L2 In keeping with all things $BTC, Bitcoin Hyper ($HYPER) brings an exciting proposal to the crypto table. A Bitcoin Layer-2 (L2) platform. The Bitcoin blockchain has a lot going for it, especially in terms of top-level security. It falls short, however, in terms of speed and high transaction fees, especially when compared to the likes of Solana. In short, Bitcoin lacks scalability. That’s where $HYPER steps up to the plate. This upcoming meme coin is set to power an innovative Bitcoin L2 ecosystem that will increase the speed and reduce fees. More importantly, it adds cross-chain compatibility. That means seamless access to the best meme coins, DeFi, and dApps. At the moment, Bitcoin Hyper is on presale. That means you can buy it for $0.0122. You can also stake your $HYPER for 360% APY. If you’re keen to discover more about this L2 and the meme coin behind it, take a look at our guide to buying $HYPER. It explains all you need to know. Keep in mind, though, that as a presale, the price of $HYPER will increase in stages, offering you the chance to secure tokens at a lower cost now. Additionally, the rewards APY is dynamic and will decrease over time, so the earlier you get in, the better the returns. Once $HYPER lists on DEXs after the presale, the price is expected to rise even further, so now is a prime opportunity to get involved before the price climbs. 2. Best Wallet Token ($BEST) – Driving Global Crypto Wallet Market Domination It’s not only institutions that are taking Bitcoin and other digital assets much more seriously these days. With the growing number of retail, as in individual, investors also entering the scene, it means a bigger demand for crypto wallets. That’s what makes the Best Wallet Token ($BEST) one to watch with a very close eye. It’s the native token of Best Wallet, a non-custodial, no KYC, multi-chain, and multi-currency hot wallet that is gaining serious market traction. So much so that Best Wallet is on a mission to dominate 40% of the global crypto wallet market by the end of next year. And it’s using $BEST to help it achieve that target. Holding $BEST means additional benefits and features of what is already a leading crypto wallet. That includes being able to buy the best presale crypto directly from the mobile wallet (a market first, by the way); lower transaction fees; and higher staking rewards. $BEST also comes with community governance. So you can have a say in the project’s direction – including the presale tokens available to buy, and other features. $BEST is also on presale. Buy yours today for $0.025305 and stake it for 99% before the upcoming price increase. Our How To Buy $BEST guide explains how to do just that. 3. America Party ($AP) – On the Heels Of Musk’s New Party The America Party Token ($AP) is another newcomer to the crypto scene. It was launched mere days after Elon Musk announced he intends to create a new political party. However, unlike $HYPER and $BEST, which are both on presale, $AP is already listed on DEXs. To be clear, though, the $AP token is not affiliated with Musk or the America Party he is launching. That said, $AP does stand to ride on Musk’s coattails. And to sweeten the deal, when Musk mentions a cryptocurrency, meme coins in particular, that token often explodes. And recently, Musk was asked by a follower whether his America Party will embrace Bitcoin. His response was definitive: “Fiat is useless, so yes.” Another boost for crypto. Right now, $AP costs $0.01830 – up 239.38% since it launched on July 7. Get yours today through UniSwap or MEXC. “The Writing’s On The Wall” As Saylor put it, “Bitcoin is moving higher.” And while the market can be unpredictable at best, $BTC’s latest rally to $112K is a definitive indicator that the institutional adoption of digital assets is positively impacting, and with signs of slowing. That means newer cryptos like $HYPER, $BEST, and $AP also have the potential to pump if current conditions continue. And the best part of investing in new tokens is getting in at an early-bird price. That said, nothing is guaranteed, and we’re not financial advisers. Be sure to always DYOR research before making any investment.

Top analyst Aksel Kibar (CMT) believes Bitcoin is approaching a decisive moment on the weekly chart. In a post shared on 9 July 2025, the veteran technician noted that BTC/USD is “holding right at the pattern boundary.” The annotated chart he released—covering Bitstamp weekly prices back to mid-2022—shows the cryptocurrency compressing directly beneath a horizontal resistance band at $109,000, the neckline of what he labels a six-month head-and-shoulders (H&S) continuation formation. Bitcoin Poised For $141,300 Kibar’s chart first revisits the basing sequence that reversed the 2022 bear cycle. A textbook inverse head-and-shoulders bottom completed in early-2023, with troughs at roughly $17,600 (left shoulder), $15,500 (head) and $19,500 (right shoulder). The breakout above the neckline sent Bitcoin to $31,400. Immediately thereafter, price stalled in a six-month rectangle bounded by $25,000 support and $31,400 resistance. The eventual topside resolution propelled the market to the rectangle’s implied target of $38,000, validating two consecutive classical projections in less than a year. Afterwards, the BTC price grinded higher. Below $73,700, BTC consolidated in a falling wedge, ending with a breakout toward $109,000. From that point, the initial pullback bottomed at $91,200, creating what Kibar designates as the left shoulder. A deeper descent to $76,500 carved out the head. Then, the Bitcoin price formed the right shoulder at $101,500, echoed by the blue bowl-shaped arc on the chart. Throughout this structure the neckline at $109,000 remained intact, acting as a clear demarcation between consolidation and fresh highs. The inverse head-and-shoulders pattern spans roughly half a year, matching the analyst’s “6-month-long” annotation. Using the orthodox H&S continuation rule—adding the vertical distance from the head ($73,700) to the neckline ($109,000) to the breakout level—Kibar derives a price objective of $141,300. He notes in an X reply that this target is separate from the earlier $137,000 objective, which came from a larger cup-with-handle on the monthly scale. In other words, the shorter-term weekly pattern now projects modestly higher than the longer-term structure. At press time Bitcoin, Bitcoin traded near $111,000, surpassing the neckline. However, from a technician’s standpoint, the breakout still needs to confirm with the weekly close. Confirmation requires a decisive weekly settlement north of the $109,000 neckline. As Kibar notes: “Breakout needs to take place with a long white candle, similar to previous pattern completions. There should be no hesitation.” Invalidation would emerge on a weekly close back below the most recent swing-low support at $101,500; deeper failure beneath $91,2000 would unravel the pattern entirely. For now, Bitcoin sits at the fulcrum of its six-month equilibrium. A weekly candle or two should reveal whether the largest digital asset can convert yet another classical chart formation into a measured move—this time toward mid-six-figure territory.

The gold price’s sustained rally through the first half of 2025 reflects deeper shifts in global financial power, with central banks accelerating a move away from the US dollar and into bullion as a geopolitical hedge, according to the latest monthly report by Sprott Asset Management. Chart 1. Gold and mining equities led global asset returns in the first half of 2025. Source: Sprott, Bloomberg The Toronto-based asset manager said gold rose for the sixth straight month in June to close at $3,303.14 per oz., up 0.42% from May and 25.86% since the start of the year. Silver also gained 9.48% in June to $36.11 per oz., breaking through resistance at $35 and extending its year-to-date gains to nearly 25%. “Gold remains well supported by central banks and sovereigns, while investment fund positioning remains at modest levels,” Sprott market strategist Paul Wong wrote in the July 7 report. Chart 2. Gold has remained in a rising channel since early 2023. Source: Sprott, Bloomberg The rally comes amid a weakening US dollar and concerns about long-term US fiscal health. The US Dollar Index (DXY) dropped 2.5% in June and is down more than 10% on the year. The S&P 500, meanwhile, hit record highs, helped in part by rising expectations of a US rate cut and a surge in corporate share buybacks. Sprott argues the US is shifting from a strong-dollar stance to a policy of financial repression aimed at making government debt more manageable. The Trump administration is pressing the Federal Reserve for rate cuts, and new rules proposed in June would make it easier for banks to hold trillions more in Treasuries. In Wong’s view, “policy is shifting from fighting inflation to financing deficits, at any cost.” Chart 3. Silver broke out above $35 in June and is now approaching its technical target of $40 per oz. Sprott highlights recent findings from the World Gold Council’s 2025 central bank survey, which showed a record 43% of respondents intend to increase gold holdings and none plan to cut them. Ninety-five percent expect global gold reserves to rise in the year ahead. Among emerging and developing economies, gold is being embraced as a tool for “monetary self-determination” and a shield against the financial leverage of sanctions or capital controls. Chart 4. Central banks cited crisis resilience, diversification, and geopolitical risk as top reasons to hold gold. Sprott also noted structural changes in the silver market. Unlike gold, which is increasingly held by official-sector buyers, silver remains driven by investor flows. But a large drawdown of inventory — estimated at more than 800 million oz. during the 2020s — has changed its price dynamics. According to the report, it now takes fewer ounces of silver ETF and futures buying to push up prices than in the past, increasing the likelihood of a “squeeze.” Chart 5. Since 2024, smaller buying flows have had outsized impacts on silver prices, raising the risk of a price spike. Gold and silver equities have also benefited from the rally. The NYSE Arca Gold Miners Index rose 3% in June and is up more than 52% on the year, making it the top-performing asset class tracked by Sprott. With structural forces aligning against the dollar and monetary authorities in the developing world turning to bullion, Sprott concludes that precious metals are entering “a new regime of strategic ownership,” one defined less by inflation hedging and more by geopolitical hedging and trust in monetary sovereignty.

Forex markets have been taking what resembles a summer break, with two consecutive days of muted movements – Most major pairs are contained within a 300 pip range, but with the USD attempting a rally, let's see if this may add fuel to create some volatility. The Weekly Jobless Claims report just came with a beat – 227K vs 235K expected and shows another sign of strength for US Employment. Claims had started to elevate in the middle of June but seems like it only was temporary as we just received another positive report. The latest tariffs news were the announcement of 50% tariffs on Copper imports (questionable idea by the way, trying to relaunch US Industrial production and giving them higher import costs isn't the most viable thing, but markets are getting used to bad ideas from the Trump Administration), and also 50% tariffs on anything that comes from Brazil. Let's take a look at the US Dollar as markets start to prepare for next week's US CPI Report. Read More: German CPI confirmed at 2.0%, euro drifting, FOMC split over cuts Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum surged over 5% yesterday, pushing past the key $2,700 level and signaling renewed strength across the altcoin market. After weeks of sideways action and uncertainty, this move marks a small but significant breakout, reigniting bullish sentiment among investors and traders. The breakout comes as Bitcoin continues to consolidate below its all-time highs, allowing ETH and other altcoins to take the lead. Market participants are closely watching Ethereum’s price action, as its movements often set the tone for the broader altcoin space. Top analyst Ted Pillows shared a technical view highlighting that ETH is once again trading at the top of its recent range. A breakout above this level could confirm the beginning of a larger expansion phase for altcoins. With bullish momentum building and Ethereum holding strong above reclaimed support levels, traders are becoming increasingly confident that the altcoin market may be on the verge of a broader breakout. However, key resistance still lies ahead, and the next few days will be crucial in determining whether Ethereum has the strength to continue higher and lead a new leg up in the crypto cycle. Ethereum Trades at Range Highs: Breakout Looms Ethereum has spent the past several weeks consolidating in a well-defined range between approximately $2,400 and $2,800, a structure that began forming in early May. Despite short-term volatility, ETH has held key support levels, suggesting that bulls remain in control. Now, with price action pushing toward the upper boundary of the range once again, the market is watching closely to see whether Ethereum can break through resistance and initiate a sustained rally. The broader macroeconomic backdrop has shifted in favor of risk assets. In the US, strong labor market data and wage growth have helped ease concerns of an economic slowdown. Meanwhile, the resolution of several global geopolitical tensions has reduced uncertainty, allowing markets to stabilize. This supportive environment could give Ethereum the fuel it needs to attempt a breakout. Ted Pillows recently highlighted that Ethereum is now trading at the range highs again — a level that has repeatedly capped price advances in recent months. According to Pillow, a confirmed breakout above the $2,800 resistance would likely trigger renewed momentum for ETH and potentially spark a broader move across the altcoin market. $2,800 Resistance Now In Sight Ethereum is showing renewed strength as it breaks out of a multi-week consolidation range, with the latest 12-hour candle closing above $2,760. The price action has decisively reclaimed the $2,700 level and is now testing the critical $2,800 resistance zone. This breakout is supported by a clear surge in volume, confirming bullish momentum. The 50, 100, and 200-period moving averages are all trending upwards and currently sit well below the current price, a strong technical sign of sustained momentum. ETH has moved above all three key SMAs, confirming that bulls are in control in the short to medium term. Notably, this is the highest ETH has traded since early June, and the candle structure resembles a classic continuation breakout setup. A successful daily close above $2,800 would open the door for an expansion toward the $3,000 level and potentially higher if momentum holds. However, the key now lies in whether buyers can sustain this move without immediate rejection at resistance. If ETH can hold above $2,700 and build support, the breakout could serve as a launchpad for altcoins, especially as Ethereum often leads broader market moves. Featured image from Dall-E, chart from TradingView

On 9 July 2025, Emirates airlines signed a memorandum of understanding (MoU) with popular crypto platform Crypto.com to enable Emirates customers to pay for flights and services using crypto. This integration is scheduled for the last quarter of 2025. It will be implemented in phases. Furthermore, all crypto payments will be converted to UAE Dirhams (AED) at the point of transaction. “Partnering with Crypto.com to integrate cryptocurrency into our digital payments system reflects Emirates’ commitment to meeting evolving customer preferences, in addition to tapping into younger, tech-savvy customer segments who prefer digital currencies,” said Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer. Eric Anziani, President and COO of Crypto.com said through a company press release, “As we continue to expand the everyday use case for crypto, integration with exceptional partners such as Emirates will bring real momentum to the digital asset industry and enable both companies to offer genuine innovative finance solutions for our customers.” DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Top Level Government Support For Emirates Airlines-Crypto.com Alliance The partnership involving the largest airlines of the Middle East was established in the presence of Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO, Emirates Airline and Michael Doersam, Emirates’ Chief Financial and Group Services Officer. “This strategic move is in line with Dubai’s vision to be at the forefront of financial innovation while at the same time providing our customers with greater flexibility and choice in how they transact with Emirates,” added Kazim. Meanwhile, Crypto.com has been focused on the UAE for a while now. In March 2025, the company announced receiving a limited licence by Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivatives in the UAE. The company is strengthening its presence in the regions. Crypto.com already has the Virtual Asset Service Providers (VASP) license to operate in the UAE. Explore: Tether Cashes In On UAE’s Real Estate Boom, Allows For Payment In USDT “This strategic move is in line with Dubai’s vision to be at the forefront of financial innovation” Dubai has emerged as a leader in digital asset innovation. Interestingly, the regulatory clarity and pro-innovation stance attracted hundreds of crypto companies. Tether, the issuer of stablecoin announced their partnership with Reelly Tech, a B2B real estate aggregator. The partnership will allow investors in the UAE to make payments for real estate with USDT. The Dubai Financial Services Authority (DFSA) recently approved Ripple’s RLUSD stablecoin for use within the Dubai International Financial Centre (DIFC). furthermore, the UAE’s international financial center, Abu Dhabi Global Market (ADGM), has entered into a strategic alliance with Chainlink crypto, a blockchain oracle solutions provider, to advance blockchain innovation and regulatory frameworks. Through this collaboration, both ADGM and LINK ▲2.17% hope to establish global standards for blockchain practices, develop compliant tokenization frameworks, and enhance the utility of tokenized assets. DISCOVER: 20+ Next Crypto to Explode in 2025 Key Takeaways Emirates and Crypto.com have agreed to integrate Crypto.com Pay into Emirates’ payment infrastructure. Customers will be able to pay for flights and services using supported cryptocurrencies via Crypto.com Pay. Dubai has emerged as a leader in digital asset innovation. The regulatory clarity and pro-innovation stance attracted hundreds of crypto companies. The post Emirates Airlines Will Now Accept Bitcoin, Crypto Payments: Company Partners With Crypto.com appeared first on 99Bitcoins.

MP Materials (NYSE: MP) has entered a major public-private partnership with the US Department of Defense (DoD) to build a domestic supply chain for rare earth magnets, reducing America’s reliance on foreign sources. The deal will make the DoD the largest shareholder in MP Materials, after acquiring $400 million worth of preferred stock. The investment is part of a broader multi-billion-dollar package and long-term strategic commitments from the federal government, the company said on Thursday. Shares in the Nevada-based firm surged over 53% in premarket trading in New York following the news, to $46 each. “This initiative marks a decisive action by the Trump administration to accelerate American supply chain independence,” MP Materials’ founder and chief executive James Litinsky said in a statement. MP Materials, the only domestic producer of rare earth elements — vital for smartphones, jet engines, electric vehicles and defense systems — plans to build a second magnet manufacturing plant at a yet-to-be-named site. The plant, dubbed the “10X Facility”, is expected to begin commissioning in 2028 and will increase the company’s total magnet production capacity to an estimated 10,000 tonnes annually. As part of the expansion, the company also plans to upgrade its Mountain Pass mine in California with heavy rare earth separation capabilities, further cementing it as a national strategic asset. The operation already houses extraction, separation and refining operations in one integrated location. The strategic agreement comes amid heightened urgency to build a US-based mine-to-magnet supply chain. China’s decision in April to restrict exports of rare earths highlighted American vulnerabilities and intensified calls in Washington for a more resilient industrial base. MP said the partnership aims to accelerate domestic production, strengthen supply chain security, and support dual-use technologies spanning both defence and commercial markets. Break down The agreement includes several key commitments. The DoD has signed a 10-year off-take deal that establishes a price floor of $110 per kilogram for neodymium-praseodymium (NdPr) materials. It also guarantees that 100% of magnets produced at the new 10X Facility will be purchased for defence and commercial use for a decade following commissioning. To finance the construction of the 10X Facility, MP has secured a $1 billion commitment from JPMorgan Chase and Goldman Sachs, subject to customary terms. Additionally, the company expects to receive a $150 million loan from the DoD within 30 days to support the Mountain Pass expansion. The DoD has also committed to buy a newly created series of convertible preferred stock, along with a warrant to buy additional common shares at an initial price of $30.03 per share. The transaction is expected to close on July 11, 2025. Upon conversion and exercise, the DoD would own about 15% of MP Materials’ outstanding common shares. MP Materials currently operates the world’s second-largest rare earth mine at Mountain Pass, which began operations in 2017. Refining started in 2023, and the company plans to begin supplying rare-earth magnets to General Motors by year-end. It is also commissioning a new magnetics plant in Texas, named Independence, to anchor its downstream operations.

In a livestream broadcast on X, independent market technician Kevin, known online as @Kev_Capital_TA, argued that crypto markets are only now entering what he called “the real bull run,” pointing to a confluence of technical signals, macroeconomic data and inter-market correlations that he believes have not been fully appreciated by traders. The Real Bull Run Starts Here Kevin placed particular emphasis on the behavior of Tether dominance (USDT.D), the share of crypto market capitalization held in the dollar-pegged stablecoin. The analyst displayed two long-term logarithmic USDT.D charts, each showing an initial sharp decline followed by what he described as a “rising channel slash bear flag.” In both 2024 and the present structure, the measured-move target of the pattern sits at 3.70 percent. “It’s really astonishing how this is kind of attempting to play out,” he said, stressing that any sustainable rally in risk assets will require that level to be reached. “The two key words that are going to be the most important words over the next couple of weeks are follow through.” He then overlaid a macro descending triangle on a separate two-week USDT.D chart dating back to March 2020. Each time the two-week Stochastic RSI crossed downward, the dominance metric fell sharply, coinciding with periods of strength in Bitcoin and altcoins. The latest cross, now curling lower, again targets 3.70 percent. If that support were to give way, Kevin allowed, a deeper slide toward “the two-percent handle” could mark a “peak bull market” phase—though he cautioned against speculating that far ahead. The technical discussion broadened to Bitcoin’s hash-ribbon indicator, which tracks miner capitulation and recovery. Historically, weekly “buy” signals have preceded 40 to 100 percent upside moves within nine weeks, with what Kevin called a “100 percent hit rate” over eight years of back-testing. Kevin linked the on-chain data to macro conditions. Citing the real-time inflation gauge “Truthflation,” he highlighted a 1.66 percent reading—below the Federal Reserve’s nominal 2 percent target—and falling import prices, both of which, he argued, increase the odds of an imminent shift to easier policy. “If Truthflation stays below 2 percent, you’re going to get the easing you want,” he said, predicting that markets would price in an end to quantitative tightening ahead of any official announcement. “Retail traders are becoming more educated than they’ve ever been.… The market will sniff out rate cuts coming.” Altcoin capital rotation formed a second pillar of the bullish thesis. Ethereum’s market-share chart, he said, had been basing at 2019-2020 lows, with monthly MACD, Stochastic RSI and Market Cipher signals all turning up. Early reallocations into ETH-beta names such as Chainlink and Uniswap are already “up 60 percent” from their accumulation zones, he claimed, framing the moves as the foothills of a broader run. Nonetheless, he warned viewers not to wait for central-bank confirmation: “Don’t be the person sitting on the sidelines waiting for Powell to come out saying QT is over.” Turning to Bitcoin itself, Kevin acknowledged that the benchmark still faces substantial resistance. Price must clear the March record, then the $112,000–$116,000 range and, ultimately, $120,000 before “thin air” opens a path to $140,000–$150,000. Similarly, the “total three” index—market cap excluding Bitcoin and Ethereum—needs a daily close above $877 billion and, crucially, the yellow-shaded resistance band that has capped rallies five times since February. Only then, he argued, would a new all-time high for the broader alt-basket come into view. Despite the optimism, Kevin repeatedly returned to the notion that conviction without confirmation is premature. “We need to see real deal price action,” he said, noting that Bitcoin’s daily RSI has not reached the 90-plus “euphoria” zone since 2017. He called the post-March tape “down-trending crappy price action” and insisted that any declaration of a full-fledged cycle peak must await multiple days of decisive follow-through. In closing, the analyst underscored the time sensitivity of the opportunity. With the halving behind and the traditional four-year cycle ostensibly entering its final phase, “you’ve got five to six months of what should be elite-level price action,” he said. Whether or not the textbook cycle ends on schedule will depend, in his view, on the interaction between a Federal Reserve pivot and the crypto market’s ability to anticipate it. For now, Kevin’s roadmap is unambiguous: monitor USDT dominance for a breakdown toward 3.70 percent, watch for successive hash-ribbon buy signals, and demand momentum “follow through” above the identified technical hurdles. If those conditions are met, he contends, the rally that many traders thought was already under way will reveal itself as only the warm-up act for “the real bull run.” At press time, BTC traded at $111,250.

The euro continues to have a quiet week and is drifting for a third consecutive day. In the European session, EUR/USD is trading at 1.1730, up 0.09% on the day. German inflation dips to 2% as food, energy prices fall German inflation rose 2.0% y/y in June, in line with the consensus and a drop lower than the 2.1% gain recorded in the past two months. The drop in CPI was driven by declines in energy and food prices. However, service prices remain high and continue to fuel inflation. Monthly, inflation was flat, in line with the consensus and a touch lower than the 0.1% gain in May. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Overview: The continued release of US tariff announcements shapes the near-term considerations. Of the surprises, the 50% tariff on Brazil (10% on April's "Liberation Day") is among the most egregious. The US has a trade surplus with it and the letter made clear a personal animosity over the treatment of former President Bolsonaro. After having achieved retracement targets of the slide since the June 23 tirade against the Fed Chair Powell, the dollar has softer against most currencies today. Among the G10, the Swiss franc is the only one to be struggling to achieve traction. The Polish zloty, Turkish lira, and Taiwanese dollar are showing small losses. The Mexican peso is slightly better than flat. Equities in the Asia Pacific region mostly advanced. Japan and India are notable exceptions. South Korea's Kospi led the region with a nearly 1.6% gain. Europe's Stoxx 600 is advancing for the fourth consecutive session, the longest streak in a month. US index futures are nursing small losses. Asia Pacific bond yields played catch up after yesterday's decline in US yields. European 10-year rates have edged higher today, except for Gilts, where the yield is a basis point lower. The 10-year US Treasury yield is almost two basis points higher at 4.35%. The US sells $22 bln 30-year bonds today. There was little new in the FOMC minutes, and the Fed funds futures continue to gravitate around 50 bp of cuts this year. After falling by slightly more than 1% on Monday-Tuesday, gold recovered a little yesterday and a little more today. It is trading around $3325-$3330 in Europe. Resistance is seen near $3345. August WTI is trading quietly inside yesterday's range (~$67.70-$68.95). September copper is firm above $550. Yesterday's high was near $573 and Monday's record high was almost $590. USD: After nearing the (50%) retracement target of the drop since June 23 on Tuesday (~97.90), the Dollar Index consolidated in a narrow range yesterday marked by the 5-day moving average (~97.40) on the low side and the 20-day moving average (~97.75) on the top side. DXY last closed above the 20-day moving average on May 19. It is still consolidating today. It slipped slightly through 97.30 early today but has recovered almost 97.50. Weekly jobless claims for last week are due today for the week through July 4. The holiday may have skewed them lower. And although initial claims slipped in the previous three weeks, the gradual slowing of the labor market continues. Weekly jobless claims averaged almost 234k in Q2 and 221k in Q1. The elevated continued claims (1.964 mln) compared with 1.844 mln at the end of Q1 and speaks to it, taking longer time for people to find new jobs, and that reflects a slowing in hiring, even if not large scale lay-offs. Moreover, aggregate hours worked in the private sector in June declined, in what is perceived to be a precursor to lay-offs. EURO: The euro met the (38.2%) retracement of its rally from the June 23 low on Monday near $1.1685. It reached $1.1765 on Tuesday and almost $1.1730 yesterday. It has not traded above $1.1750 today and has held above $1.1710. The (50%) retracement is near $1.1640 and the 20-day moving average is near $1.1660. The euro has not settled below its 20-day moving average since May 19. The daily momentum indicators have turned lower. Options for 1.3 bln euros at $1.18 expire today. The US two-year premium over Germany bottomed at the end of June near 186 bp, the least since early April. It widened to about 207 bp at the end of last week. Although it was a holiday in the US, it was still near 207 bp on Monday. It straddled the 200 bp mark yesterday and today. CNY: The dollar rose against the offshore yuan for the third consecutive session yesterday and the sixth session in the past seven. It settled above the 20-day moving average for the third consecutive session and reached its best level (~CNH7.1880) since June 23. The high on that day was about CNH7.1925. The greenback is softer today and traded below the previous session's low for the first time in five sessions. It is finding support near the 20-day moving average (~CNH7.1755). The rolling 30-day correlation between changes in the yen and yuan was above 0.60 from early May 2024 through September, and it reached above 0.80. However, this was the peak, the correlation turned inverse in January and again in April and May. However, it jumped recently and was above 0.50 last week, which is a new high for the year. It has since slipped to about 0.45. The PBOC set the dollar's reference rate at CNY7.1510 (CNY7.1541 yesterday). JPY: From the low on July 1 near JPY142.70 through yesterday's high of almost JPY147.20, the dollar appreciated by slightly more than 3.1%. The US 10-year yield bottomed on Monday, below 4.19% for the first time in two months, and at Tuesday's high it was around 4.43%. The 10-year Treasury yield fell yesterday, and the pullback was extended after robust demand at the auction (sold for lower yield than in the when-issued market. The lower yield on the re-opening issue still generated a stronger bid-cover (2.6 vs 2.5) as direct bidders (including primary and non-primary dealers, hedge funds, pension funds, mutual funds, insurance companies, and foreign governments) stepped up. It is slightly firmer today. The dollar recovered from a three-day low near JPY145.75 to new session highs in early European turnover near JPY146.50. Japan reported its first back-to-back decline in producer prices since Sept-Oct 2023. The 0.2% decline in June followed the revised 0.1% (initially, 0.2% fall in May), which offset the 0.3% rise in April. That left Japan's PPI flat in Q2 after rising at a 3.2% annualized rate in Q1. The year-over-year rate slipped to 2.9% from 3.2%. This year's peak, 4.3% in February and March, was the highest since June 2023. The market has wavered but now the swaps are pricing in about a 50% chance of a quarter point hike toward the end of the year. The BOJ branch managers’ meeting report, with its unchanged assessment lends credence to ideas it will stand pat when it meets at the end of July. GBP: Sterling was confined to a narrow range yesterday. It straddled $1.36 in a $1.3565-$1.3620 range. It frayed the five-day moving average as it has done in recent days, but it has not settled above it since July 1. And for the third consecutive session, it did not trade above the previous day's high. That streak ended today. According to Bloomberg, sterling has traded 1/100 of a cent above yesterday's high. It may take a move above $1.3630-50 to lift the technical tone. The UK reports May GDP tomorrow. The median forecast in Bloomberg's survey anticipates a 0.1% increase after output fell by 0.3% in April. Industrial output, including manufacturing production, is expected to extend April's slump, while services activity likely recovered after falling 0.4% in April. The trade deficit may have narrowed. Economists in Bloomberg's survey expect that growth slowed to 0.2% in Q2 after a 0.7% expansion in Q1. The swaps market goes into the report with almost a 90% chance of a cut at the August 7 BOE meeting discounted, and another one is fully discounted in Q4. CAD: The US dollar met the (61.8%) retracement target of the sell-off from the June 23 high near CAD1.38. The objective was a little above CAD1.3700. It consolidated in the North American afternoon, but the upside momentum does not feel exhausted, though it is trading slightly heavier today. Still, it is holding above yesterday's low (~CAD1.3660), where the five and 20-day moving averages converge. A move above CAD1.3725 could signal a test on the more technically important CAD1.3800 area. There are options for $830 mln at CAD1.3700 that expire tomorrow when Canada reports June employment. The unemployment rate is expected to have risen to a new cyclical high of 7.1%. It was at 6.4% in June 2024 and 6.6% in January 2025. Job growth in the first five months of the year was almost 61k. It grew 165k jobs in the Jan-May 2024 period. The Bank of Canada front-loaded its rate cuts, and the swaps market has a cut discounted in Q4, which would bring the target rate to 2.50%. The market leans toward this being the bottom, but there is about a 1-in-3 chance of another cut next year. AUD: For the second consecutive session, the Australian dollar recorded an inside day yesterday, but has come back better bid today, and some narratives link it to the jump in copper prices in reaction to the US 50% tariff (August 1). It recovered from yesterday's low near $0.6510 to reach almost $0.6565 today in Europe today, which matches the week's high was set Monday. The intraday momentum indicators are stretched. We note that the $0.6480 area approached on Monday and Tuesday also corresponds to the (50%) retracement of the Aussie's gains since June 23. MXN: The greenback's losses were extended to almost MXN18.55 yesterday where buyers emerged and lifted it back to session highs near MXN18.6500 as the US announced a whopping 50% tariff on Brazil. The dollar rose to almost MXN18.6685 earlier today but is now slightly lower on the day. Since the June 23 high a little above MXN19.34 through yesterday's low, the US dollar has fallen by slightly more than 4%. A near-term consolidation could see the dollar near MXN18.70-75. Mexico's June CPI, reported yesterday, was slightly firmer than expected, and the fact remains that both the headline and core rates are above the 2-4% target range. Today, the central bank will release the minutes from the recent meeting that saw a dissent to the decision to deliver the fourth consecutive half-point cut. The majority of the central bank's board seem to be more concerned about the economic slowdown. Meanwhile, what has caught some attention, especially in the social media are the Mexican relief workers that went to Texas to help and the contrast with US crackdown on legal and illegal immigration, not to mention other hostile acts, like taxing worker remittances, for example. The 50% tariff on Brazil, one of the rare countries that the US experiences a bilateral surplus, contained in a ranting letter about the treatment of former President Bolsonaro, has shocked many, even after the 25% tariff on South Korea with which the US has a free-trade agreement. The tariff will likely push Brazil further away from the US and toward China. Disclaimer

Treasure MAGIC crypto rips 30%, breaking from a sideways consolidation. With bulls in charge, the next target is $0.30 and $0.60. Team actively building, integrating NFTs and AI into web3 games. Crypto is pumping, and while the focus could be on Bitcoin, Ethereum, and some of the best cryptos to buy, including Solana, other quality altcoins are outperforming these blue-chip cryptos. In the past 24 hours, when Bitcoin and Ethereum added on average 3%, MAGIC, the token behind the Treasure DAO, was among the top performers. Not only did the token spike 20% but behind the expansion was a surge in average trading volume, which rose by over 70% on multiple exchanges, primarily Binance, where 60% of all MAGIC crypto trading activity happens. MAGIC crypto easily outperformed some of the top Solana meme coins, including PNUT ▲3.13%. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 MAGIC Crypto Soars 30%, Bulls Target Another 100% Rally From the daily chart, MAGIC (No data) crypto is within a bullish breakout formation, breaking free from the descending channel of the better part of Q2 2025. Interestingly, the leg up on July 9 confirms gains from July 8. Although prices retraced and flatlined until the explosion early this week, the breakout now means MAGIC is trading above June highs and on course to possibly retest $0.35 in a buy trend continuation formation. MAGICPriceMAGIC24h7d30d1yAll time On X, most traders are bullish, expecting buyers to stay on top. Specifically, one analyst projects MAGIC to race by another 100% to 150% in the coming sessions. Most importantly, since the aim is to transform static NFTs into living entities, developers integrated an emotion system that humanizes AI agents, allowing emotional responses and enhancing interactivity in gaming. DISCOVER: Best New Cryptocurrencies to Invest in 2025 – Top New Crypto Coins Treasure MAGIC Crypto Rips 30%, Is Another 2X Rally Incoming? MAGIC soars 30% MAGIC crypto bulls target $0.30 and $0.60 Treasure aims to integrate NFTs and AI into web3 gaming The development team is actively building, enhancing the Gigaverse The post Treasure MAGIC Crypto Rips 30%, Is Another 2X Rally Incoming? appeared first on 99Bitcoins.

Japan’s Remixpoint, an energy consulting firm, is diving into Bitcoin, raising $215 million to grow its portfolio to 3,000 Bitcoins. Already holding over 1,000 BTC ▲2.20%, this marks a bold, treasury-focused move amid Japan’s shifting crypto landscape. The company is not just stacking sats, but the CEO announced now takes his paycheck in BTC. With Japan’s crypto laws evolving fast and ETFs on the horizon, Remixpoint’s move is not just bullish. Asia’s biggest traditional economy is setting the tone for overall bigger corporate adoption. BitcoinPriceMarket CapBTC$2.21T24h7d30d1yAll time Remixpoint Treasury Hits 3,000 Bitcoin Ambition Remicpoint just dropped $215 million power move into Bitcoin, pushing toward a 3,000 Bitcoin target. That is not just diversification but conviction. The Tokyo Stock Exchange-listed energy consulting firm already holds 1,051 BTC. With that move, they are tripling their stack. This environment is perfect for forward-thinking companies, and Remicpoint is seizing that first-mover advantage. With peers like Metaplanet (15,555 BTC) and SBC Medical Group dipping their toes into Bitcoin too, Japan might be engineering its version of the corporate Bitcoin standard. For traditional corporates looking to hedge currency risk, embrace innovation, or simply follow the meme-worthy “number goes up” thesis, Remixpoint’s playbook is starting to look like a blueprint. While 3,000 BTC might sound ambitious, it’s likely just the beginning in a country where tech-forward thinking meets economic conservatism. If Bitcoin keeps pumping and Japanese companies keep following, this could be the start of a localized corporate accumulation trend that echoes with what we’ve seen in the U.S. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Remixpoint is adding $215 million in BTC to its balance sheet. Japan is following the steps of the U.S. corporate Bitcoin buying. The post Japan’s Remixpoint Secures $215 Million for Massive Bitcoin Buy appeared first on 99Bitcoins.

XRP has been one of the most-watched altcoins recently, with multiple developments emerging for its parent company, Ripple. However, while Ripple has seen a lot of positives, XRP has continued to struggle when it comes to price. Amid the selling, bulls have put up an impressive fight to hold the support above $2.2 for the time being. This has led to the formation of a new inverse head and shoulders pattern that could signal a reversal is coming. Analyst Highlights Bullish Formation For XRP Price Crypto analyst TheSignalyst, in a new analysis, showed that the XRP price has begun another bullish formation. This time around, it is the Inverse Head and Shoulders pattern that often precedes a surge for an asset. Not only has this formation come at a critical junction, it happened while bulls have maintained strong support levels. Through the market downtrend, the XRP price has been able to hold above $1.75 and $2, which the analyst points out as a major level. The return to this support level has brought a fresh wave of bullishness, and the XRP price could be ready for another uptrend from here. Presently, all eyes are on this support level, and TheSignalyst revealed that if XRP is able to hold this level, then the rally could be in motion. They point to the green neckline, which is shown in the chart as sitting just above $2.3, and this is the resistance that needs to be broken for the price to rally in the short term. For the long term, the analyst suggests that a clean break above the $2.66 level is needed. This is what would provide confirmation for a bullish continuation. If the setup holds, then the analyst puts the top of formation as high as $3.3 in the long term. Analysts Predict Higher Prices The calls for higher prices for XRP have grown louder, especially as investors have begun to make their bets once again. Analyst Crypto Virtuos pointed out that the XRP trading volume saw a notable uptick of 125% in a 24-hour period as interest ballooned once again. Amid this rise in momentum, the crypto analyst, just like TheSignalyst, also explained that $2.3 is the hurdle that is holding the XRP price back now. Therefore, the cryptocurrency does need to overtake this level if it is to see a continuation of the uptrend. At the time of writing, the XRP price is still trending below $2.3, with sellers showing signs of exhaustion. Once the selling stops, then the bulls could trigger another upward wave to retest the resistance at $2.3 once again.

Why is crypto going up? BTC ▲2.20% officially broke into uncharted territory Wednesday, notching a new all-time high of $112,040 on Bitstamp after a 3% intraday gain. The move brought Bitcoin’s market cap to $2.22 trillion, while total crypto market capitalization reclaimed $3.47 trillion, levels last seen in mid-2025. FUD for BTC continues with some Twitter users writing: “People expect Bitcoin to perform as well as it did in the past ten years for the next ten years. A persistent power outage or a Chinese lab with a quantum computer will send your bags to zero.” Still, Bitcoin keeps outrunning the S&P and most altcoins, refusing to follow anyone else’s script. (BTCUSD) Tariffs, Rate Bets, and the Return of Bitcoin as a Hedge The rally came just days after President Donald Trump announced new tariffs on several countries including Japan, South Africa, and Malaysia, with some rates reaching 40%. 99Bitcoins analysts say this geopolitical uncertainty has boosted Bitcoin’s appeal as a macro hedge. This milestone also triggered a flood of liquidations with $484.7 million in total, and $223 million from Bitcoin shorts alone. “Bitcoin’s increasing status as a safe haven asset in the face of fiat debasement… confirmed by the first US state signing a Bitcoin reserve bill into law.” — Katalin Tischhauser, Sygnum Bank Wednesday’s price surge followed a heavy liquidation of overleveraged short positions, clearing out weak hands and setting the stage for a healthier trend. Meanwhile, Bitcoin’s exchange-traded volume reached $28.18 billion, marking a significant increase in momentum heading into mid-July. With investor sentiment firming and institutional flows returning, the market may be entering the early phases of a new bull cycle. What’s Next For BTC? (Good Things) Bitcoin is now just 7% below the total crypto market’s all-time high valuation of $3.73 trillion, set in December 2024. With short interest reduced and macro conditions favoring hard assets, the next few weeks will prove decisive. As long as spot flows stay dominant and exchange reserves continue to decline, Bitcoin appears well-positioned to extend its lead, and, hopefully for us altcoin holders, take the rest of the market with it. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways BTC officially broke into uncharted territory Wednesday, notching a new all-time high of $112,040 on Bitstamp after a 3% intraday gain. All eyes are on Powell this month as inflation lingers and labor metrics soften. The post Why is Crypto Going Up? BTC Briefly Touches New ATH of $112k appeared first on 99Bitcoins.

Ethereum is catching the attention of Wall Street in a serious way. In a recent report, Fidelity Investments described ETH ▲6.41% as a legitimate store of value (SoV) and a cornerstone of modern digital infrastructure. “Ether can serve as a medium of exchange and a store of value,” the report wrote. “Blockchains have embedded currencies… they should be compared to sovereign economies, not tech companies.” Ethereum’s reputation as Bitcoin’s erratic cousin took a hit in 2024. It cratered against BTC and underperformed Solana, but now, with renewed interest in ETH, we might be seeing the catalyst to send it back to ATHs. EthereumPriceMarket CapETH$335.47B24h7d30d1yAll time Ethereum Projections Flip Bitcoin in Daily Volume and Derivatives Interest Following the report, market sentiment surrounding ETH flipped bullish almost overnight. The token surged nearly 7% to $2,620, breaking out from a multi-week range beneath $2.4k. According to CoinGlass data, ETH has now overtaken BTC in terms of daily trading volume and open interest. Ethereum’s futures market open interest jumped 7%, while Bitcoin’s declined slightly. Derivatives trading hit $59 billion, with ETH accounting for a growing share. (Glassnode) At the same time, the Put/Call Ratio for Q3 options sits at 0.44, signaling a heavy tilt toward bullish momentum. Lastly, of note, on July 3, ETH spot ETFs saw their largest single-day inflow in a month, with $148 million entering the market. Total inflows for July have now exceeded $300 million, according to Glassnode. ETH Faces Skeptics, But Q3 Momentum Builds Despite the sharp rally, traders are piling into short positions against ETH, perhaps expecting a repeat of Springtime, when ETH failed to break above $2.8K and suffered a swift 20% drawdown. But this time, conditions look different. Open interest is climbing, and so is spot demand. And crucially, ETH has flipped previous resistance into support, creating room for more upside. The question now is whether Ethereum can finally close the gap and reclaim $3K? EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ethereum is catching the attention of Wall Street in a serious way. In a recent report, Fidelity Investments described ETH as a legitimate SoV. Despite the sharp rally, traders are piling into short positions against ETH, perhaps expecting a repeat of Springtime. The post Ethereum Projections: ETH Gains Wall Street Cred as Fidelity Calls It a Store of Value appeared first on 99Bitcoins.

Binance co-founders Changpeng ‘CZ’ Zhao and Yi He, through their YZi Labs investment firm, have confirmed that they will back 10X Capital (VCXA) in a new endeavour. The publicly traded investment company aims to establish a US-based firm that will invest exclusively in BNB. YZi Labs, which holds around $10 billion in assets under management (AUM), will “support” 10X Capital in establishing the BNB treasury company, 10X Capital said in a statement. CZ’s YZi Labs Backing 10X Capital In Its BNB Treasury Strategy 10X Capital announced today that it is launching the first US-based, publicly traded company that will exclusively focus on being a BNB Treasury, similar to Strategy with Bitcoin and Sharplink Gaming with Ethereum. The endeavour is being supported by YZi Labs, the investment firm of Binance co-founders CZ and Yi He, and will be headed up by Russell Read, CIO of 10X Capital; David Namdar, co-founder of Galaxy Digital; and Saad Naja, former director of Kraken Exchange. 10X Capital intends to pursue a public listing on a major U.S. stock exchange for its BNB Treasury firm, marking a first-of-its-kind move. The BNB token is the fifth-largest digital asset by market cap, currently valued at $98 billion and trading for around $671. On the announcement, Head of YZi Labs, Ella Zhang, said, “BNB Chain is one of the most widely adopted blockchain ecosystems. BNB is the gas, the glue, and the governance layer for a scalable, decentralized future — powered by builders, for builders, and we believe expanding its institutional access can deliver meaningful benefits to the broader public.” Per the statement, 10X Capital state that the BNB Treasury Company will emphasize transparency and verification of holdings, strong engagement with the BNB ecosystem and community, and expects to announce the closing of its related financing in the coming weeks. DISCOVER: Best Meme Coin ICOs to Invest in July 10X Capital Following Michael Saylor’s Strategy Playbook With The First BNB Treasury Firm The newly established company will focus exclusively on the BNB Chain ecosystem, according to the 10x Capital statement, referring to the blockchain that supports the BNB token, following Saylor’s blueprint for publicly traded companies pivoting to digital asset treasury firms. We now have Sharplink Gaming (SBET), an Ethereum Treasury firm and DeFi Dev Corp (DFDV), which recently adopted a Solana Treasury strategy, with both companies trading on the NASDAQ. There is also a growing movement of smaller, struggling firms pivoting to a crypto accumulation strategy to try and reverse poor share price performance, with one of the more quirky examples being Spanish coffee chain, Vanadi – it began accumulating 1 BTC a day recently, with aspirations to raise $1 billion to purchase more Bitcoin. (SOURCE) Since the coffee chain made its plans public and began buying 1 BTC each day, its share price has surged by over 135% and is up by more than 430% in the past six months, highlighting the early success of its Bitcoin accumulation strategy. This is a fast-emerging trend for publicly traded companies, both big and small, indicating that institutional adoption of digital assets is here to stay and has become a viable investment strategy following years of scepticism and ridicule. BNB Only Up 1.5% On The News: Is A New All-Time High On The Way? (COINGECKO) While BNB is only up 1.5% following the 10X Capital announcement, it is holding incredibly strong above the $645 level, currently trading at around $670. It is just 15% away from a new all-time high, which came in December 2024 when BNB hit $788. For a long time, $1,000 has been the psychological target for BNB investors, with many believing it is a formality; this bull market could finally deliver on those longstanding price targets. BNB has just broken out of an ascending triangle zone at $665, and there is no actual resistance level now until $735, meaning a 10% move in the short term is looking more likely for the fifth-largest digital asset. The fundamentals are all lining up for an explosive breakout for BNB, most notably the BNB Treasury plans from 10X Capital and YZi Labs. A Saylor-style strategy for BNB, backed by CZ and the broader Binance leadership, will surely create a fresh wave of institutional demand for the token as we head deeper into this bull market. EXPLORE: 10 Best AI Crypto Coins to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post CZ and YZi Labs Backing Brand New US-Based BNB Treasury Company appeared first on 99Bitcoins.