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A new weekly “On Chain” report from Bank of America is shining a spotlight on Ethereum. According to the report, the network is set to draw steady interest from stablecoin investors as lawmakers in Washington take up crypto bills in Congress. Ethereum’s role as the home for over 50% of all dollar‑pegged coins has caught the eyes of big banks and asset managers alike. Stablecoin Legislation Under The Lens Based on reports, this week’s Crypto Week in the US House of Representatives could reshape the stablecoin sector. Lawmakers are debating three major bills: the GENIUS Act, the CLARITY Act, and the Anti‑CBDC Surveillance bill. House Financial Services Chair French Hill told a “Think Crypto” podcast that dollar‑backed coins would solidify the US dollar’s global lead. If Congress backs clear rules, the rails that already carry the most volumes could see fresh inflows. Rails For The Future Bank of America called out infrastructure providers like Stripe and the Ethereum network as prime plays for anyone looking to get stablecoin exposure. That nod isn’t just for the token itself. It’s a bet on the whole stack—wallets, apps and payment tools that ride on Ethereum’s code. Investors who pick up Ether now could tap growing on‑chain activity as stablecoin use climbs. Institutions Bet On Ether The report also mentioned Treasury Secretary Scott Bessent predicting that the dollar‑pegged stablecoin market may swell to $2 trillion in the next five years. That forecast has fund managers circling the charts. Thomas Lee, Fundstart CIO and new chairman of BitMine, even dubbed stablecoins the “ChatGPT of crypto.” His firm now holds Ether in its treasury. The move shows how big players are gearing up for a stablecoin surge on Ethereum. Other sectors are racing alongside stablecoins. BlackRock CEO Larry Fink said tokenization could expand 4,000 times over time. He sees on‑chain assets tied to real‑world items booming soon. Some say XRP and Ether are the go‑to tokens for that play. But Ethereum already has the advantage of scale. It isn’t all smooth sailing. Regulation could tighten or split along different chains. New networks chase faster speeds and lower fees. That competition could chip away at Ethereum’s lead. Still, the network’s mix of smart‑contract tools and high stablecoin volumes gives it a strong head start. For now, plenty of eyes are on Congress and on‑chain data. If US lawmakers set clear stablecoin rules, Ethereum may keep its crown as the top hub. Investors looking for exposure will likely track Ether flows and watch the bills as they move through committee. The weeks ahead could spell out the next big chapter for the network. Featured image from Pexels, chart from TradingView

Silver has been working a catch up in terms of performance compared to the more-shining Gold that really took off against other traded metals in the first half of the year. Our past analysis of Silver observed the addition of elements that could lead to a breakout, with that outcome actually taking place in the past 4 sessions. Prices went from a $36.5 consolidation zone to highs of $39.13, a 7.5% rise to levels not seen since September 2011 spikes. Let's take a look at where prices currently stand as metals have been retracting slowly off of Friday highs – The Dollar Index broke out after the 9:30 Market Open and this usually doesn't help with Precious Metal Performance. Read More: The US Dollar cannot find a direction despite the positive CPI report 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.

Gold remains a top-performing asset heading into the second half of 2025, with prices up 26% year-to-date, according to the World Gold Council’s mid-year outlook. The surge is driven by a weaker US dollar, geopolitical tensions, investor demand, and robust central bank purchases. While macro uncertainty clouds the road ahead, gold is expected to maintain a strong footing. Geopolitical risks boost demand The report outlines that gold could benefit from further economic and geopolitical instability, particularly if stagflation or recession risks grow. Market consensus anticipates moderate upside potential in the second half, with possible gains of up to 5%, though a deterioration in global conditions could push prices up by as much as 15%. Conversely, widespread conflict resolution and a pickup in global trade could trigger a correction of up to 17%. On Tuesday, gold traded at $3,346.20 per ounce, up 0.13%. Market factors and investment trends The World Gold Council says demand may continue from new institutional buyers, such as Chinese insurers, while technical indicators suggest recent price consolidation is setting the stage for further gains. Central bank buying is expected to remain strong, though slightly below 2022 levels, while elevated prices may limit consumer demand and prompt more recycling. The broader outlook points to a “seesaw” second half, with falling interest rates and persistent uncertainty likely to sustain gold’s appeal.

How mine in Zimbabwe. Credit: Namib Minerals Namib Minerals (NASDAQ: NAMM) is looking to invest between $300-$400 million in order to bring two of its mothballed gold mines in southern Zimbabwe back to production, according to media reports. In a statement to Reuters, chief executive Ibrahima Tall said the group plans to restart the Mazowe and Redwing mines, which were previously halted in 2018 and 2019 respectively due to adverse economic conditions. Production could resume within 18 to 24 months of securing financing, Tall added, noting that the company has already been exploring various options for raising capital. The plan is to spend $300 million on the two operations. A separate statement to Bloomberg confirmed the plan, but with a higher spend of $400 million over the next five years. First production is expected to occur at Mazowe, which, as the higher-grade deposit, has relatively lower capital requirements, while the larger Redwing mine would need more time and investment. Shares of Namib Minerals dropped 7% to $7.91 each on Tuesday morning, coinciding with the decline in gold prices. The stock had traded as high as $55 apiece since making its NASDAQ debut last month, but has since fallen by nearly 86%, taking its market capitalization down to $427.8 million. Growing African gold producer Namib was created through the merger of assets previously owned by Metallon Corp. and US firm Red Rock Acquisition Corp. With a pro forma combined enterprise value of $609 million, it was the largest African de-SPAC deal to date. The company currently holds one producing asset: the How mine located near Bulawayo, Zimbabwe’s second-largest city. The high-grade mine has been in operation since 1940, producing nearly 2 million oz. of gold up until 2024. The Mazowe and Redwing mines are located along the same greenstone belt as How, and hold a combined gold resource of 3.7 million oz. Zimbabwe’s gold production has struggled for years due to currency and policy volatility, but is starting to see signs of recovery amid record-high gold prices. Jersey-based Caledonia Mining last year secured backing from African development banks for its $250 million Bilboes mine north of Bulawayo. With an average annual production of 170,000 oz., it would become the biggest gold mine in the country.

In a major display of bullish momentum, the market’s leading cryptocurrency, Bitcoin (BTC), surged to a new record high on Monday, surpassing $123,000 for the first time. US House Kicks Off ‘Crypto Week The Bitcoin price climbed more than 90% year-to-date with Monday’s rally, reaching $123,200, and reflecting a nearly 15% increase over the past month. This upward momentum coincides with the US House of Representatives’ “crypto week,” which will feature debates on legislation aimed at reducing regulatory hurdles that have long been viewed as obstacles for the cryptocurrency sector. One of the key pieces of legislation set for discussion in the House is the GENIUS Act, which aims to establish regulatory frameworks for stablecoins. Proponents of the GENIUS Act argue that it is a groundbreaking initiative that formalizes a critical aspect of the cryptocurrency industry. They believe it will enhance consumer protections, facilitate the entry of traditional financial institutions, and contribute to the growth of the digital currency market. Conversely, critics assert that the bill represents a “weak set of regulations” that may not adequately safeguard consumers or prevent illicit trading activities involving stablecoins. Growing Support For Crypto Regulation In addition to the GENIUS Act, the House will also debate measures to clarify the federal government’s regulatory approach to cryptocurrencies and proposals that could prevent the Federal Reserve from issuing its own digital currency. Bryan Armour, director of passive strategies research at Morningstar, remarked that this legislative push reflects a series of favorable developments for the crypto industry since President Donald Trump’s election in November. Since then, Bitcoin’s price has surged nearly 80%. As “crypto week” unfolds, Armour suggests it signals a continuation of supportive policies under the Trump administration. However, Trump’s involvement in the cryptocurrency space has raised concerns about potential conflicts of interest. For instance, his backing of World Liberty Financial’s stablecoin, USD1, has led to significant investments in major exchanges like Binance, which critics say creates opportunities for Trump’s business to profit. Despite these concerns, Trump has denied any wrongdoing, and a White House spokesperson has stated that his financial assets are managed in a trust to avoid conflicts. Bitcoin ETFs Propel Price Surge The recent surge in Bitcoin prices has also been fueled by the US approval of Bitcoin exchange-traded funds (ETFs) last year. These investment vehicles have proven to be successful, with record-breaking amounts of capital moving into them. The overall asset value of Bitcoin ETFs has reached a record high of over $158 billion, driven by a wave of investments that included over a billion dollars flowing into these funds on consecutive days last week. Nikhil Bhatia, a finance professor at the University of Southern California, noted that the approval of Bitcoin ETFs has contributed significantly to institutional adoption of Bitcoin, signaling a return to a bullish market sentiment. As of this writing, BTC’s price has retraced back to the $117,000 level, 4.3% below its recently achieved all-time high. Featured image from DALL-E, chart from TradingView.com

Tech giant Apple (NASDAQ: AAPL) has struck a $500 million deal with Pentagon-backed MP Materials (NYSE: MP), the United States’ only producer of rare earth elements, as part of a larger effort to secure domestic supply chains for smartphones and electric vehicles. The investment includes Apple purchasing US-made rare earth magnets from MP Materials’ facility in Fort Worth, Texas. The two companies will co-develop a factory with neodymium magnet production lines specifically tailored for Apple products. The investment is part of Apple’s broader strategy to increase domestic manufacturing, with plans to spend more than $500 billion in the US over the next four years. Shares of MP Materials surged 22.5%to $59.5 in early trading in New York on Tuesday, the highest intraday price since April 2022. Apple’s stock was up a modest 1%, trading at $211 each. “Rare earth materials are essential for making advanced technology, and this partnership will help strengthen the supply of these vital materials here in the United States, Apple chief executive officer Tim Cook said in the statement. Apple said the collaboration will create dozens of new manufacturing and R&D jobs. It also includes a rare earth recycling initiative at MP Materials’ Mountain Pass mine, in California, which will convert recycled feedstock into materials for Apple products. The companies will co-develop new magnet materials and innovative processing technologies to improve performance. “This collaboration deepens our vertical integration, strengthens supply chain resilience, and reinforces America’s industrial capacity at a pivotal moment,” MP Materials CEO James Litinsky said in a separate statement Tuesday. MP Materials landed last week a multi-billion-dollar deal with the US Department of Defense (DoD) to develop a domestic rare earth supply chain. The deal aims to reduce dependence on foreign sources, particularly China. Earlier this year, after the U.S. imposed 145% tariffs on Chinese imports, Beijing retaliated by halting exports of rare earths magnets, critical for electronics, wind turbines, EVs, and fighter jets. The move disrupted global supply chains: Ford and Suzuki halted some production, Elon Musk cited shortages affecting his robotics operations, and governments scrambled to lock down non-Chinese sources. Despite global demand, producers outside China, including MP Materials and Australia’s Lynas Rare Earths (ASX: LYC), have struggled with profitability due to weak prices and oversupply. MP Materials operates the world’s second-largest rare earth mine at Mountain Pass. Mining began in 2017; refining followed in 2023. The company expects to supply magnets to General Motors by year-end and begin shipping from its Texas plant in 2027 to support hundreds of millions of Apple devices.

In livestream that stretched beyond the hour‑mark, technical analyst Kevin (Kev Capital TA) laid out the most compelling bullish case for Dogecoin since the meme‑coin’s April lows. Speaking to a cross‑platform audience, Kevin argued that the market is standing “right on the verge of a genuine altcoin season,” and that the textbook double‑bottom visible on Dogecoin’s higher‑time‑frame chart positions the asset for what he called “a monster move” once resistance levels yield. Dogecoin Chart Turns Bullish Kevin began by situating Dogecoin inside a broader macro chessboard. This week’s cascade of inflation data—CPI and PPI prints bracketed by near‑continuous Federal Reserve commentary—could inject volatility, he conceded, but the direction of trend is already set by structural forces. “Trueflation is sitting at 1.71 percent,” he noted, adding that the crowdsourced gauge routinely prints about sixty to seventy basis points beneath official Bureau of Labor Statistics data. “Anything under two is good. It means inflation isn’t the story.” With macro risks in check, his focus narrowed to USDT dominance, the metric he has used all cycle to time rotations into riskier assets. Tether’s market‑share chart has completed a bear‑flag breakdown and is now pressing the 0.786 Fibonacci support band at roughly 4.14 percent. “When money‑flow is deep red on USDT‑D, that’s the green light for altcoins,” he said, emphasising that fresh downside in the stablecoin gauge would coincide almost mechanically with upside in DOGE. A hotter‑than‑expected CPI could deliver a short, counter‑trend bounce in USDT‑D, “but the path of least resistance is lower,” he insisted. The anchor for Kevin’s bullish thesis is an unmistakable double‑bottom on Dogecoin’s weekly chart that formed exactly on the macro 0.382 retracement of the 2024–25 advance and directly atop a multi‑year down‑trend line. “Flip the chart upside‑down,” he told viewers, “and you’d run from it—it looks like a perfect double‑top. Flip it back and it’s a gift.” Volume profiles confirm the pattern: sellers exhausted themselves on the second dip, while relative‑strength momentum created a higher low, an early signal that bulls are wresting control. Kevin’s conviction draws added weight from what is unfolding in the aggregate altcoin indices. Total 3—market‑cap ex‑Bitcoin and ex‑Ether—has slammed into a resistance “yellow box” that capped rallies all spring, yet the analyst believes the ceiling will crack soon. A pending daily golden cross on Total 2 (market‑cap ex‑Bitcoin) marks the fourth of the cycle; each prior cross generated a brief pullback of 9‑19 percent before giving way to fresh highs. “Golden crosses are lagging, so you manage risk here—pay yourself a little—but the trend is higher once the dust settles,” he said. For Dogecoin specifically, Kevin identified a hierarchy of breakout objectives: the local range high at $0.21, the $0.48 pivot from 2024, and the former all‑time high near $0.74. Beyond that he flagged extensions at $1.32 and $2.00, noting that targets lose utility if projected too far in advance. “We analyse the here and now; we let the chart earn the next level,” he cautioned, before reminding newcomers that DOGE is already a ten‑bagger off its June 2024 trough—a feat matched by few large‑cap tokens. While audience questions repeatedly drifted towards Elon Musk and X and Tesla integration rumors, Kevin waved off the cult of personality. “Dogecoin doesn’t need Elon,” he said bluntly. The meme‑coin’s 10× rebound happened “with zero help from the world’s richest man,” and any future endorsement would likely serve as accelerant rather than spark. What matters, in his view, is liquidity: specifically, the Federal Reserve’s balance‑sheet trajectory and the timing of its eventual pivot away from quantitative tightening. “When QT ends, Bitcoin dominance tops. Then you get the real alt‑season,” he said, pointing to a perfect inverse correlation between Fed asset‑runoff periods and historical altcoin booms. Ending the session, the analyst projected that a decisive weekly close above Bitcoin’s 1.886 fib at $120,000—and a simultaneous rollover in USDT dominance—would ignite the next leg. In that scenario, Dogecoin’s double‑bottom would evolve into a full trend‑reversal, vaulting price into territory last visited during the meme‑mania of 2021. “You haven’t seen anything yet,” he concluded. “Stay calm, stay cool, and let the chart do the work.” At press time, DOGE traded at $0.19126.

Market reactions have been very muted and mixed, even if the CPI report came out with a small but positive surprise. For those who are discovering the number, US Headline CPI came in as expected (0.287 unrounded Headline vs 0.30% expected). The Core number was however the more welcomed surprise, coming in at 0.2% (0.227%) vs 0.3% expected – This is what the FED prefers for their decisions. For Canadian Data also, CPI Came in as expected (1.79% y/y, slightly stronger core) Reactions have been a bit underwhelming overall, not what could have been expected. Nonetheless, more participants will be coming into the Market at 9:30 for the open, which may trigger some further volatility, totally absent for now. Markets will need bigger surprises to move more, and except for Nasdaq and S&P Futures that are rising (slowly) on the news, it seems that players are waiting for something else to be on the move. Let's take a look at US Dollar charts to see where we are after the CPI report. Read More: Asian stocks rise on China data, Gold gains as US dollar softens; EUR/USD (Chart of the day) 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.

📢 Inflação nos EUA surpreende e reforça cautela do Fed: impacto no Dólar, Ouro e Cripto 🗓️ Publicado em 15/07/2025 ✍️ Por Igor Pereira – Analista de Mercado Financeiro | Membro Junior WallStreet NYSE 🧾 Resumo dos Dados – CPI de Junho/2025 (EUA) O Bureau of Labor Statistics (BLS) dos Estados Unidos divulgou nesta terça-feira os números oficiais da inflação de junho, com três dados de alta relevância para o mercado global: Indicador Anterior Projeção Atual Resultado CPI (MoM) 0,1% 0,3% 0,3% ✅ Conforme esperado Core CPI (MoM) 0,1% 0,3% 0,2% ❌ Levemente negativo CPI (YoY) 2,4% 2,6% 2,7% ✅ Surpresa positiva 📊 Leitura Técnica e Fundamentalista O dado mais relevante do dia foi o CPI YoY (inflação acumulada em 12 meses), que subiu para 2,7%, acima da projeção de 2,6% — evidência de que a inflação ainda não está sob controle total, o que reduz as chances de cortes agressivos de juros por parte do Federal Reserve no curto prazo. Apesar disso, o núcleo da inflação (Core CPI), que exclui itens voláteis como alimentos e energia, veio abaixo da expectativa (0,2% vs. 0,3%), oferecendo algum alívio para os ativos de risco. 🧠 Análise de Igor Pereira: O Que Esperar Agora 💥 Impacto nos Mercados Financeiros 💵 Dólar (DXY) – Atual: 98.02 O fortalecimento recente do dólar reflete a leitura mais hawkish do CPI anual. O índice segue em tendência de alta no curto prazo, pressionando moedas emergentes e metais. 🟡 Ouro (XAU/USD) – Atual: $3.350,00 O metal permanece dentro de um canal lateral entre $3.200 e $3.400, mas o suporte em $3.300 vem sendo testado. A resistência crítica segue em $3.378 e $3.400. Acima disso, o alvo técnico está em $3.451. A persistência da inflação pode manter o ouro em tendência altista estrutural, mas retrações táticas ainda são prováveis conforme o dólar avança. ₿ Bitcoin (BTC/USD) – Atual: $117.116,00 Após romper recordes recentes, o Bitcoin enfrenta realização de lucros no curto prazo. A força do dólar e dados de inflação fortes reduzem momentaneamente o apetite institucional, mas fundamentos continuam firmes, com destaque para a regulação favorável nos EUA e entradas recordes nos ETFs. 📌 Conclusão: Expectativa por mais dados antes de qualquer movimento no FOMC O relatório de inflação desta terça-feira reforça a postura paciente e técnica do Fed. O mercado agora voltará as atenções para os próximos discursos de membros do FOMC, bem como para o núcleo da inflação do PCE e dados de emprego nas próximas semanas. Com o dólar em alta, o ouro consolidando e o Bitcoin realizando parte dos ganhos, o cenário atual exige leitura institucional, análise de liquidez e cautela em zonas de breakout. 📍 Fique atento às oportunidades de posicionamento no XAU/USD e BTC/USD com leitura profissional e institucional, acompanhando cada detalhe conosco na ExpertFX School. 📊 Igor Pereira Analista de Mercado Financeiro Membro Junior WallStreet NYSE ExpertFX School – Desde 2017 ao lado do Trader Profissional

Global investment bank TD Cowen has recently revised its price target for Strategy’s (previously MicroStrategy) stock, MSTR, raising it from $590 to $680 per share and a bullish prediction for Bitcoin (BTC) prices, which could soar to $155,000 by December. Possible 53% Drop For Bitcoin The firm’s study outlines a base-case scenario for Bitcoin at $128,000 by year-end, with a more pessimistic outlook placing it as low as $55,000, which could mean a major 53% crash from current prices. TD Cowen analysts assert that a significant increase in Bitcoin prices is expected to positively impact Strategy’s share price, given its status as the world’s largest corporate holder of Bitcoin. On July 14, Strategy purchased an additional 4,225 BTC for $472.5 million, averaging $111,827 per coin. This latest acquisition brings the company’s total Bitcoin holdings to an impressive 601,550 BTC. Analysts at TD Cowen noted that what began as a defensive measure to preserve the value of its assets has evolved into a proactive strategy aimed at enhancing shareholder value. Strategy plans to continue acquiring Bitcoin through proceeds from upcoming debt and equity offerings. The firm anticipates that Strategy will raise around $84 billion through its innovative “42/42” plan, which involves an equal mix of debt and equity, potentially increasing its Bitcoin reserves to 900,000 BTC by the end of 2027. Strategy As Strong Investment Option TD Cowen has initiated buy ratings on Strategy’s preferred shares, emphasizing their attractive income potential and price appreciation, which are expected to be less volatile than common shares or Bitcoin itself. This endorsement comes after the firm first recognized Strategy’s Bitcoin strategy in 2023, describing it as a “paradigm shift.” At that time, they highlighted the company’s approach of utilizing cash from its software business to invest in Bitcoin as a long-term hedge against dollar inflation. Analysts believe that Bitcoin’s finite supply makes it a more reliable store of value compared to traditional currencies or gold, presenting Strategy as an appealing option for investors looking to gain Bitcoin exposure. As institutional adoption of cryptocurrencies accelerates, Strategy’s acquisition strategy has become a blueprint for other corporate treasuries. The company’s total investment in Bitcoin now stands at $29.27 billion, yielding substantial unrealized gains with a cost basis of $71,268 per BTC. The latest report and Strategy’s recent purchase coincided with Bitcoin hitting a new all-time high, surpassing $123,000, underscoring the growing acceptance and adoption of BTC in the financial landscape. Nevertheless, the cryptocurrency has retraced to $117,000 in an attempt to find its next support level before moving on to uncharted territory once again if buying demand persists among investors. Featured image from DALL-E, chart from TradingView.com

US Consumer Price Index (CPI) ex. Food & Energy June (Core) (YoY): +2.9% vs +3.0% expected, miss of -0.1%US Consumer Price Index (CPI) ex. Food & Energy June (Core) (MoM): +0.2% vs +0.3% expected, miss of -0.1%US Consumer Price Index (CPI) June (YoY): +2.7% vs +2.7% expected, meets consensusUS Consumer Price Index (CPI) June (MoM): +0.3% vs +0.3% expected, meets consensus 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.

PayPal has officially partnered with crypto exchange OKX to enable seamless crypto purchases and deposits across the European Economic Area (EEA). Announced on the 14th of July, this move signals a major step in streamlining regulated digital assets access in Europe. This integration allows EEA-based users to fund their crypto wallets through PayPal using familiar options such as PayPal Balance bank accounts, debit, and credit cards. The collaboration also supports OKX’s regulatory alignment under MiCA, positioning the exchange for European growth. BitcoinPriceMarket CapBTC$2.33T24h7d30d1yAll time Partnership and User Benefits On the 14th of July 2025, OKX announced a key partnership with PayPal, integrating the globally recognized digital payments platform as a funding method on its crypto exchange. This development is specifically for users within the European Economic Area (EEA), encompassing all 30 EU countries. The integration enables users to purchase and deposit crypto on OKX using PayPal’s suite of payment options. PayPal Balance linked bank accounts, debit, and credit cards without any additional setup beyond linking their PayPal account to OKX. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now This move reinforces a growing trend, fintech companies collaborating with crypto-native services platforms. PayPal’s involvement is strengthening the shift towards integrating digital assets into existing payment systems ecosystems. OKX’s prior partnership with Circle enabled seamless USD-USDC conversion, also enhancing fiat-to-crypto interoperability, which is a crucial component for mainstream adoption. While this partnership focuses primarily on deposits and purchases, the absence of details on withdrawal and other transactional capabilities may indicate further development in that direction. But this is for sure one sustained expansion in Europe reinforced with compliance with all regulatory frameworks. Users outside the EEA will not benefit from this integration at this time. However, the structure of the partnership between OKX and PayPal could serve as a model for similar implementations in other regions. As regulations evolve and fintech-crypto collaborations grow, OKX’s integration with PayPal may influence digital asset adoption across Europe. DISCOVER: Top 20 Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways OKX’s PayPal crypto partnership. Partnership compliant with all regulatory frameworks. The post OKX and PayPal Parner to Streamline Crypto Purchases in Europe appeared first on 99Bitcoins.

Bonk ($BONK) is on a tear, and it’s not slowing down. The token just extended its gains, building on a massive 20% rally from last week. The reason for all the excitement? Traders are pouring cash into it. The futures Open Interest (OI) for $BONK has shot up to a yearly high, showing a ton of new money is flooding the market. This kind of action is exactly what a rally needs to keep going. However, it’s not just about the trading numbers. The Solana ecosystem itself is doing great. Its launchpad, LetsBonk.fun, is raking in the cash. It’s collected a whopping $7.97M in just one week, completely outshining every other launchpad on Solana. That kind of success makes the overall mood around $BONK super bullish. What’s Next for the Price? The technical charts are looking good too. Bonk recently smashed through a key resistance level of $0.000024 and is now trading above $0.000027. If it can hold at that new level, the price could push on further. Here’s a heads-up for traders: the daily Relative Strength Index (RSI) is a bit high at 76. That’s in the ‘overbought’ zone, so don’t be surprised if there’s a dip coming. However, don’t let that spook you; the Moving Average Convergence Divergence (MACD) indicator is still looking strong, with a clear bullish signal. Even if we see a small correction, the overall trend is still pointing up. If it does pull back, look for support around the $0.000024 mark. And while Bonk is having its moment in the sun, it’s also worth noting how the crypto space is evolving. The focus is shifting from simple meme coins to those that offer real utility. This is where a new project like Snorter Token ($SNORT) is getting a ton of buzz. It’s looking to be the next big thing by combining the fun of a meme coin with powerful trading tools. Snorter Token ($SNORT): Meme-Powered Utility Snorter Token ($SNORT) is making a name for itself in the crypto world. Unlike many other meme coins that rely solely on hype, $SNORT is a utility token at its core, powering the Snorter Bot. The Telegram-based trading bot is built to give both new and seasoned traders a serious edge. Its primary appeal is its ability to transform the Telegram app into a high-speed trading terminal. You can snipe hot new tokens as soon as they launch, execute quick swaps, and even copy trades of the top-performing wallets. $SNORT has already raised almost $1.9M in its presale and is offering 205% staking rewards, a clear sign that investors are recognizing its potential as one of the best meme coins. A Powerful Combination of Speed and Security Beyond its low fees and ease of use, the Snorter Bot is also designed with security in mind. The platform boasts an impressive 85% success rate in detecting ‘honeypot’ and ‘rug pull’ scams during its beta testing. In a market where new projects can often be high-risk, this built-in protection offers an added layer of security, helping you safeguard your funds and have confidence in one of the best crypto presales. Furthermore, Snorter isn’t just focused on Solana. Its roadmap includes plans to become a multi-chain token. It’s already expanded to Ethereum and has plans to integrate with BNB and Polygon. This strategy will increase its reach and utility, making it a valuable tool for traders across ecosystems. The combination of its fast execution, low fees, scam detection, and cross-chain capabilities makes $SNORT a project that’s not just riding a trend but building a foundation for long-term growth. You can buy $SNORT for $0.0983 in its presale. We predict it could make a high of $1.02 by the end of 2025, and if this is the case, early investors would see a 938% ROI. The Bigger Picture The success of projects like Bonk and the rise of utility tokens like $SNORT are clear indicators of a maturing crypto market. The focus is shifting from speculative assets to tangibility. Snorter Token, with its trading bot and presale success, embodies this direction. It’s an exciting time to be in crypto, but with any investment, it’s crucial you do your own research and understand the risks before committing funds.

Standard Chartered’s spot crypto trading offering is now fully realised. The bank is the first G-SIB (Globally Systemically Important Bank) to offer its institutional clients direct spot trading access to Bitcoin (BTC) and Ether (ETH) in a regulated manner. The bank’s UK branch launched the service, according to a report published by Reuters on 15 July 2025. Reportedly, the new service integrates with Standard Chartered’s existing trading platforms, therefore allowing for the trading of BTC and ETH on familiar FX (Foreign Exchange) interfaces. Additionally, clients can settle with a custodian of their choice, including the bank’s in-house custody service offerings. Rene Michau, Standard Chartered’s Global Head of Digital Assets, explained that while the offering is currently limited to Asian and European trading hours, 24/5 access is under consideration depending on client demand. Standard Chartered’s Group Chief Executive, Bill Winters, said, “As client demand accelerates further, we want to offer clients a route to transact, trade and manage digital asset risk safely and efficiently within regulatory requirements.” Furthermore, the bank has notified that while the focus for now will remain on BTC and ETH, it will offer non-deliverable forwards as it expands its crypto product suite in the future. Explore: Best Meme Coin ICOs to Invest in July 2025 Standard Chartered’s Spot Crypto Trading Signals Crypto’s Arrival in Mainstream Banking Over the years, Standard Chartered has maintained a cautiously optimistic outlook towards crypto. The recent spot trading offering by the bank has been in development since June last year, when it announced the launch of a spot trading desk for BTC and ETH. Standard Chartered’s move into spot trading of crypto assets underscores a sharp pivot in how traditional financial (TradFi) banks interact with digital assets. Currently, most TradFi banks have limited their scope to offering custodial services or exposure via structured products and funds. This, however, might change in the future. For now, Standard Chartered has a first-mover advantage in its offering of direct, real-time access to BTC and ETH trading, two of the most actively traded cryptocurrencies, all within the framework of the UK’s financial regulation. The bank also gains a strategic upper hand with this offering. By integrating crypto offerings into its financial infrastructure, Standard Chartered has strengthened its client risk management and has positioned itself as an important cornerstone of an increasingly on-chain financial ecosystem. Moreover, with this launch, the bank has expanded its suite of digital assets, including Zodia Custody and Zodia Markets that focus on secure crypto custody and trading infrastructure, along with Libeara, a specialised platform for digital asset tokenisation. Explore: Best New Cryptocurrencies to Invest in 2025 Standard Chartered’s Quiet Foray into Digital Solution Expansion In April, the Wall Street Journal revealed that Standard Chartered was exploring options to expand its crypto operations in the United States amid President Trump’s favourable crypto policies after longstanding regulatory hurdles. The bank also partnered in April 2025 with OKX and Franklin Templeton to introduce a digital collateral mirroring program, aiming to bridge TradFi and digital asset management. Moreover, earlier this year, in February, the bank’s Hong Kong subsidiary jointly launched its stablecoin venture with Animoca Brands, a local Web3 developer and Hong Kong Telecommunications (HKT). The group plans to issue a Hong Kong dollar-backed stablecoin under the city’s new regulatory framework and has submitted an application to the Hong Kong Monetary Authority (HKMA) for a license. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 Key Takeaways Standard Chartered has become the first global bank to enable spot crypto trading for BTC and ETH This offering will integrate into Standard Chartered’s already existing FX platforms This offering has been in development since June 2024 when the bank announced a desk for BTC and ETH spot trading The post Standard Chartered’s Spot Crypto Trading for Institutional Investors Becomes an “Industry-First” Reality appeared first on 99Bitcoins.

In his June 14 video analysis, the market commentator CryptoInsightUK argued that XRP is on the verge of a “parabolic expansion” reminiscent of its performance in late 2017, contending that a price of $11 per token is attainable this cycle once Bitcoin finishes its latest impulse leg. The analyst built his case on a blend of historical fractals, liquidity-mapping, and derivatives-market data, concluding that “people are under-estimating where XRP is going to go this cycle.” Is $11 XRP Inevitable? CryptoInsightUK opened the session by noting that Bitcoin had just logged the highest weekly close in its history and that the total crypto-asset market capitalisation had set a record: “We got the highest ever close for total market cap as well now, and I’m looking to see this expansionary period.” With Bitcoin pushing into a “deep area of liquidity” on the daily chart but not yet reaching the next concentration of sell-side orders, he believes the set-up mirrors the early-November 2024 breakout that preceded a six-day, 31 percent surge. “Bitcoin’s done most of its move in the six days following the breakout,” he recalled, overlaying that sequence on today’s structure to infer that a similar window could open imminently. For XRP, the key inflection lies a few cents above the psychological $3 mark. On the 15-minute chart, he observed that “XRP is starting to build some strong liquidity above us… up to about 3.10,” describing that overhead cluster as potential fuel for a decisive push. Although the token briefly touched $3.03 in intraday trading, repeated attempts have stalled just below resistance. The analyst juxtaposed this behaviour with the way XRP lagged Bitcoin during the 2024 breakout: the coin “stalls out a little bit” while Bitcoin rips, then “really catches up,” moving from roughly $0.70 to $2.70 in nineteen days, before extending to $3.30. Translating that fractal forward, he warned: “It’s not going to be exactly the same, but if it’s six to ten days [for Bitcoin]… what happens next? Altcoins take over.” He bolstered the thesis with derivatives metrics. During the last XRP rally, a flip from negative to positive contract premium coincided with a sharp rise in open interest. That pattern is repeating: “Premium actually went green… on an increase in open interest and that is happening again now.” Funding rates remain subdued, implying that shorts still constitute a meaningful share of outstanding positions; as price pressure builds, those shorts could be “squeezed to the downside,” providing what he called “really aggressive price action to the upside… pretty soon probably for XRP.” In his base case, an explosive move would coincide with Bitcoin reaching roughly $125,000, at which point capital rotation would funnel into XRP and other large-capitalisation altcoins. On higher-time-frame charts, the weekly close in the XRP/BTC pair reclaimed levels not seen since early March and printed what the analyst dubbed a “lovely green weekly candle,” propelling the pair through the resistance band tracked by trader CredibleCrypto’s so-called “Gandalf line.” XRP dominance, he argued, has completed a Wyckoff-style accumulation: the “sign of strength” and “last point of support” suggest a new up-leg is underway. Technical momentum is corroborated by a bullish cross forming in the XRP/ETH ratio on the weekly relative-strength index. The analyst conceded that timing remains uncertain and that elevated contract premiums can foreshadow long-side liquidation cascades, yet he maintained that the interplay between resurgent spot buying, rising open interest, and building liquidity clouds above $3 creates a self-reinforcing backdrop for a squeeze higher. “That is what I expect will come at some point,” he said, framing a breach of the all-time high as a trigger for acceleration toward his $11 objective. At press time, XRP traded at $2.8671.

The British pound has edged up higher on Tuesday. In the European session, GBP/USD is trading at 1.3453, up 0.21% on the day. Earlier, GBP/USD touched a low of 1.3416, its lowest level since June 23. UK inflation expected at 3.4% All eyes will be on the UK inflation report for June, which will be released on Wednesday. Headline CPI is expected to remain unchanged at 3.4% y/y, as is core CPI at 3.5%. Monthly, both the headline rates are expected to stay steady at 0.2%. Has the BoE's battle to lower inflation stalled? The BoE was looking good in March, when inflation eased to 2.6%, but CPI has rebounded to 3.4%, well above the BoE's inflation target of 2%. Services data has been especially sticky, although it dropped to 4.7% in May, down from 5.4% a month earlier. 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.

HYPE, SUI Crypto, and SEI Crypto are all confirmation that altseason is finally here. These are alts, and they are pumping. No excuse if your bag is in the gutters. Specifically, SUI ▼-0.19% has posted a 35.4% gain this month, making it the best-performing L1 asset in July so far. Trading just shy of $4, SUI is now positioned at the center of a surging altcoin narrative. Sui CryptoPriceMarket CapSUI$9.17B24h7d30d1yAll time SUI/BTC Rotation Suggests Capital Is Flowing In Fast SUI isn’t just rising in USD terms as we’re seeing the SUI/BTC pair surge over 10% intraday, its strongest move against Bitcoin in more than two months. Meanwhile, ETH/BTC and SOL/BTC are lagging, stuck near resistance. SUI’s market cap has jumped 44.7% since July 1, far outpacing Ethereum’s 9.2% growth in the same time frame. With Bitcoin breaking $120,000, altcoin capital rotation appears to be in full swing. The Total Value Locked (TVL) on Sui DeFi platforms recently hit an all-time high of $2.219 billion, according to DeFiLlama. That’s an 8.7% single-day increase and a clear sign that real liquidity is flowing into its ecosystem. There are also protocols like NAVI and Peg-BTC that are drawing both retail users and institutional interest, fueling broader ecosystem growth. SUI Outpaces Ethereum in Fee Growth, Derivatives Say More to Come Monthly fee generation for Sui doubled Ethereum’s, jumping 42% to over $42,000. Meanwhile, the derivatives market is heating up: Open interest (OI) in SUI futures rose 19.1%, now topping $1.73 billion. Positive funding rates and over $8 million in short liquidations suggest bulls are firmly in control. The Money Flow Index (MFI) hit 78, indicating strong capital inflows. Can SUI Break $5 and Lead the Q3 Altcoin Cycle? SUI is currently testing a major $4 resistance zone, the same level that rejected upside attempts in the last cycle. But with a 2.7% daily gain and bullish momentum across all major indicators, the breakout appears imminent. “Sui’s chart is forming a macro triangle breakout. A close above $4 could set up a move to $5.36.” – Rekt Capital via X With its fundamentals accelerating—TVL, fees, user engagement—and a bullish technical setup, SUI, along with other surging alts like Hype, Stellar XLM, Sei Crypto, and Hedera, may be the altcoins to watch this quarter. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways HYPE, SUI Crypto, and SEI Crypto are all confirmation that altseason is finally here SUI is currently testing a major $4 resistance zone, the same level that rejected upside attempts in the last cycle. The post SUI Crypto Breaks Away From the Pack With 44% Monthly Surge and Record TVL appeared first on 99Bitcoins.

The Bitcoin whale activity July 2025 is heating up. Michael Saylor’s Strategy, formerly MicroStrategy, resumed its BTC ▼-4.19% buying habit, dropping nearly half a billion dollars for 4,225 fresh coins. With 601,550 BTC locked in at a $71K average, Saylor now presides over $73 billion in digital gold, cementing his role as Bitcoin’s corporate overlord. Here is other whale activity to look out for: Bitcoin Whale Activity July 2025: A Corporate Treasury Strategy Built Around BTC This is no short-term trade for Saylor and company. Strategy’s Bitcoin purchases are part of a longer play that has come to define its corporate identity as much as its core analytics business. “We view Bitcoin as a dependable store of value and the core foundation of our treasury strategy.” – Michael Saylor, Executive Chairman, MicroStrategy The firm has funded much of its Bitcoin war chest by selling securities and liquidating other assets, allowing it to steadily accumulate BTC during market dips and rallies alike. Wall Street Reaction: Bitcoin Exposure Lifts MicroStrategy and Coinbase Markets are responding to BTC’s new ATHs. As Bitcoin climbed to a new intraday high of $123,193, Bitcoin-linked stocks followed suit: MicroStrategy (MSTR) rose 4% on the day Coinbase (COIN) gained 1.8% Robinhood (HOOD) up 1.6% Institutional money still treats Bitcoin like the canary in the fintech coal mine, but it’s quickly becoming a finance staple. Critics Still Caution: Volatility, Regulation Remain Headwinds While Bitcoin’s rise has supercharged MicroStrategy’s market cap, not everyone’s convinced. Some TradFi analysts continue to warn about Bitcoin’s historic volatility and the lack of clear regulatory guidelines in the U.S. Still, the company’s conviction remains unchanged. Its approach has inspired other public firms to explore digital asset exposure as a hedge against fiat depreciation and inflationary risk. (BTCUSD) Elsewhere in the market, tech giants responded in kind. Tesla rose 1.1%, while Nvidia, despite a brief dip, is eyeing future growth catalysts tied to possible China-related updates. Strategy’s Bold Bet Keeps Paying Off… For Now Strategy’s Bitcoin accumulation has been one of the most aggressive and polarizing strategies in public markets. Now holding more BTC than most countries, the company’s long-term conviction is being rewarded by market momentum. If Bitcoin breaks above the $125,000 level with sustained volume, Michael Saylor might increasingly be seen as the new Warren Buffett. 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 The Bitcoin whale activity July 2025 is heating up. Michael Saylor’s Strategy resumed its buying habit. Elsewhere in the market, tech giants responded in kind. Tesla rose 1.1%, while Nvidia, despite a brief dip, is eyeing future growth catalysts tied to possible China-related updates. The post Strategy Boosts Bitcoin Holdings with $472.5M Purchase, YTD Yield Hits 20.2% appeared first on 99Bitcoins.

Best altcoins to buy in 2025? Well, it’s official, crypto has crossed the $3.8 trillion mark, dragging the rest of the world with it, willingly or not. It’s now brushing shoulders with the GDPs of actual countries, including the UK, and nobody in traditional finance knows whether to panic or buy the BTC ▼-4.19% pullback. The next number 99Bitcoin’s analysts are predicting is $4.45 trillion. BitcoinPriceMarket CapBTC$2.33T24h7d30d1yAll time Best Altcoins to Buy 2025? Crypto Now Bigger Than Microsoft, and Almost the UK Crypto’s combined market cap now surpasses the total value of Microsoft, according to CompaniesMarketCap. Only $40 billion separates it from the UK’s economy, meaning if crypto were a nation, it would rank as the seventh-largest GDP in the world. Bitcoin continues to lead the charge with a market cap of $2.4 trillion, putting it just shy of Italy’s GDP and above Canada’s. BTC alone also recently eclipsed the market value of Amazon, Google, and silver. On the charts, momentum indicators are now aligning behind the bull case: “TOTAL cap has just signaled ‘buy’ on a macro chart,” said Mikybull Crypto on X. A breakout from a classic inverse head-and-shoulders pattern now points toward a $4.45 trillion target, according to 99Bitcoins’ analysis. This pattern, combined with the Supertrend indicator flipping green, resembles the setup that preceded crypto’s 1,000% rally in 2021. Altcoin Market Cap Surges as “Altseason” Kicks Off While Bitcoin grabs headlines, altcoins are quietly ripping. The TOTAL2 chart (all crypto, excluding Bitcoin) just broke out of a descending wedge, climbing over $240 billion from its previous range to reach $1.215 trillion. Meanwhile, TOTAL3, which removes both Bitcoin and Ethereum, is forming a textbook cup and handle pattern, now testing the $1 trillion level. (Source) Ethereum is riding this momentum too. ETH ▼-2.80% briefly broke above $3,000, aided by growing institutional interest and an attempt to outperform BTC. Institutions have scooped up over 1.8 million ETH in 2025 and taken most of it off exchanges. Meanwhile, upgrades like Cancun-Deneb and Pectra are quietly coming to ETH later this year. Outlook: $4 Trillion In Sight, $5 Trillion on the Horizon? With momentum, liquidity, and technical structure all aligned, many believe crypto is entering its next macro leg up. If the inverse H&S target plays out, the market could surge another 17–20%, bringing the total cap to $4.45 trillion. And as history shows, once altcoins start catching bids and institutional flows widen, crypto rarely just stops at the first target. We could soon see a pump that melts faces. 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 Best altcoins to buy 2025? Well, it’s official, crypto has crossed the $3.8 trillion mark, dragging the rest of the world with it, willingly or not. If the inverse H&S target plays out, the market could surge another 17–20%, bringing the total cap to $4.45 trillion. The post Best Altcoins to Buy 2025: Crypto Market Cap At ATH And Alts Are in Demand appeared first on 99Bitcoins.

Rio Tinto (ASX, LON: RIO) has picked iron ore boss Simon Trott as its new chief executive officer, selecting a 20-year company veteran to steer the mining giant through rising costs and long-term growth challenges. Trott, 50, succeeds Jakob Stausholm, who unexpectedly announced in May he would step down after four and a half years at the helm of the world’s second largest mining company. The Australian national will assume the role on August 25 and relocate to London. He has led Rio’s iron ore division, the miner’s most profitable business, since 2021 “Simon is an outstanding leader with a deep understanding of mining and a track record of delivering operational excellence and creating value across our business,” chairman Dominic Barton said in a statement. Trott has worked across Rio’s global operations. Before leading iron ore, he served as chief commercial officer in Singapore and held senior roles in the company’s salt, uranium, borates, and diamonds businesses in Australia, Namibia, the US, Canada and Serbia. “Simon and I have worked closely together during the last seven years (…) He’s made a huge mark already in strengthening our largest business and the relationships we have with stakeholders in Australia,” Stausholm said in a LinkedIn post. While Rio considered external candidates, the frontrunners were believed to be internal and included Jérôme Pécresse, CEO of the aluminum unit, and chief commercial officer Bold Baatar. Passing the torch: Incumbent CEO Jakob Stausholm and new CEO Simon Trott. (Image courtesy of Stausholm’s LinkedIn.) The board sought a leader who could unlock value from key growth assets such as the Oyu Tolgoi copper-gold mine in Mongolia and the vast Simandou iron ore project in Guinea. Controlling costs was also a priority: from 2020 to 2024, Rio’s costs surged 46.5%, outpacing BHP and Anglo American, which added pressure for capital discipline. RBC Capital Markets estimates Rio will need to spend $30 billion to $35 billion over the next decade, including $8 billion to $9 billion on lithium projects secured by Stausholm in Chile earlier this year. Analyst Kaan Peker noted that lithium spending may be re-evaluated in favour of copper. Growth and challenges Growth will dominate Trott’s early agenda. Last year, Rio explored a potential merger with Glencore (LON: GLEN), which would have created a mining giant larger than rival BHP (ASX: BHP). Talks ultimately Talks collapsed over valuation gaps. RBC analysts noted that with a new CEO designate in place, mergers and acquisitions (M&A) remain possible, but a Rio-Glencore merger “feels more of a stretch than ever.” Trott also inherits reputational challenges. Rio Tinto still faces legal action linked to sexual harassment allegations at Australian mine sites, following the 2020 destruction of Australia’s ancient Juukan Gorge rock shelters, and a 2022 report detailing widespread bullying, racism and sexual harassment across the company. BMO Capital Markets welcomed Trott’s appointment, saying it removes uncertainty hanging over the stock.“ As an internal hire and head of its flagship iron ore business, we don’t expect any major changes to Rio Tinto’s existing strategy,” analyst Alexandre Pearce wrote on Tuesday. Still, Trott has faced criticism from some investors over declining ore quality and rising costs under his watch. The division has also struggled to hit the top end of its production forecasts, but it has consistently met guidance since Trott took over.

Pump.fun PUMP crypto is selling off despite the successful ICO that raised $600 million in 12 minutes. Whale hedging and overvaluation concerns could slow down recovery. Meme coins fueled Solana’s rise, driving SOL prices to record highs by January 2025. Central to this rally was the spike in on-chain activity, primarily from meme coin trading and launches on the Pump.fun meme coin launchpad. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Pump.fun Is Crucial for Solana Pump.fun revolutionized the minting of SPL tokens on Solana. Its straightforward process for launching new tokens led to tens of thousands of tokens minted daily on the modern blockchain. The launch of MELANIA ▼-8.19% and TRUMP8 ▼-7.23% tokens, less than 24 hours before President Donald Trump’s inauguration, pushed SOL to fresh highs as meme coin activity surged. Although meme coin activity has subsided since Raydium launched its meme coin launchpad and other projects capitalized on the mania, developers continue to roll out critical enhancements. After launching the PumpSwap DEX in March 2025, Pump.fun developers announced the PUMP token ICO last week, scheduling the fundraiser for July 12. The PUMP Crypto ICO Raises $600 Million in 12 Minutes On Saturday, July 12, Pump.fun raised $600 million in a record-breaking 12 minutes, exceeding expectations as demand soared. However, despite PUMP being listed for trading on the same day, with top exchanges offering PUMP perpetuals, PUMP prices have not only failed to shine but are currently in the red, trading sideways, much to the frustration of traders. Binance data shows that PUMP15 (No data) crypto is down after reaching all-time highs of around $0.007 over the weekend. Presently, PUMP is down roughly 10% from its all-time high and remains under pressure. Unless buyers reclaim the July 13 highs, the path of least resistance will remain downward. PUMP15PricePUMP1524h7d30d1yAll time Any confirmation of losses posted in the past 48 hours could see PUMP sink below $0.0045 in a bearish trend continuation, inflicting further pain on holders. Why Is PUMP Selling Off? To understand the sell-off, one must examine PUMP’s tokenomics. Interest was high because the meme coin launchpad has been a powerhouse behind SOL’s demand, generating over $700 million since January 2024. The platform has released top Solana meme coins, including PNUT and Popcat. Therefore, it was no surprise that Pump.fun raised $600 million within minutes, offering 33% of the 1 trillion PUMP total supply, valuing the meme coin launchpad at over $4 billion. This mega valuation is causing jitters, partly explaining the weakness less than 72 hours after launching. The $4 billion fully diluted valuation (FDV) raises concerns because the meme coin launchpad’s core metrics have been declining over recent months. For instance, trading volume dropped from over $11 billion in January 2025 to less than $4 billion in June 2025. As a result, revenue has plummeted from around $130 million in January to under $40 million by the close of H1 2025. (Source: DefiLlama) Fading meme coin activity on Solana may explain the dip, but the rise of alternatives like LetsBonk and Raydium’s Launchpad erodes Pump.fun’s market share. Additionally, onchain data shows that whales who purchased millions of PUMP during the ICO hedged their positions by selling on perpetual exchanges. Although a 48-72 hour distribution phase was implemented to prevent immediate dumping, whales opened short positions on PUMP perpetuals on Hyperliquid and Binance as a hedge. Their decision to short large positions has added further pressure on PUMP, contributing to the sell-off over the past 24 hours. DISCOVER: 8 High-Risk High-Reward Cryptos for 2025 PUMP Crypto Struggling After Raising $600 Million PUMP crypto is moving sideways Pump.fun raised $600 million in 12 minutes Overvaluation concerns heaping pressure on bulls Whales are actively hedging by shorting on perpetual exchanges The post Pump.fun PUMP Crypto Launches But Fails to Pump: What’s Going On? appeared first on 99Bitcoins.

Coinbase (COIN) is experiencing significant momentum, with its stock poised to reach a record closing high as the cryptocurrency sector enters what the White House has dubbed “Crypto Week.” The positive trend for the crypto industry has been notable since President Donald Trump took office, culminating in Bitcoin (BTC) hitting record highs beyond the $123,000 level on Monday. This surge is attributed to favorable legislative developments, the resolution of ongoing lawsuits with the US Securities and Exchange Commission (SEC), and the appointment of regulators who are seen as supportive of the crypto space. COIN Poised For $100 Billion Market Cap Coinbase has had an impressive start to 2025. Analysts at Ned Davis Research emphasized in a recent note that no other company seems to be benefiting as much from the current political climate as Coinbase. In Monday trading, shares of Coinbase rose by 2% to $394.79, following a record closing high of $388.96 just days earlier. The stock has jumped an impressive 63% this year and is on track to achieve a market capitalization exceeding $100 billion for the first time. A significant turning point for Coinbase came in February when the SEC dropped a lawsuit that had been pending for two years, which accused the company of operating as an unregistered securities exchange. This victory was followed by Coinbase becoming the first cryptocurrency firm to join the S&P 500, further solidifying its status in the market. Investors are particularly optimistic as Congress prepares to discuss three bills aimed at clarifying the regulatory framework surrounding the cryptocurrency sector. The legislation has garnered broad support among crypto advocates. Additionally, the SEC’s decision to move crypto oversight to its more favorable Cyber & Technology unit and repeal a rule requiring financial institutions to treat crypto custody holdings as liabilities has further boosted market confidence. Positive Long-Term Outlook For Coinbase Looking ahead, analysts from Benchmark Equity Research anticipate that Coinbase will successfully petition the SEC to offer tokenized equities on its platform. CEO Brian Armstrong’s “close ties to Trump” are expected to play a role in this endeavor. Moreover, Coinbase is well-positioned to benefit from the Clarity Act, one of the bills under consideration, which aims to enhance institutional confidence in digital asset trading and holding. Benchmark has maintained a Buy rating for Coinbase, setting a price target of $421. However, some analysts caution that the positive developments may already be reflected in the stock’s current price. Owen Lau of Oppenheimer recently assessed the likelihood of the Clarity Act passing at 70% and slightly adjusted his estimates for Coinbase’s trading volume ahead of the company’s earnings report scheduled for July 31. Even if the upcoming earnings release disappoints, experts believe that the underlying momentum of Coinbase will not be significantly affected. Oppenheimer has reiterated an Outperform rating, raising its price target to $417 from a previous $395. Featured image from DALL-E, chart from TradingView.com

Overview: The US dollar is trading somewhat heavier against the G10 currencies but the Scandis today, ahead of the US CPI report. Most emerging market currencies are also firmer. The last few CPI readings were softer than expected, but economists continue to look for firmer price pressures. Late yesterday, the US announced a 17% tariff on imports of Mexican tomatoes but apparently has signaled approval of Nvidia selling its H20 chips to China. That decision helped lift Chinese tech stocks that trade in Hong Kong, but the CSI 300 itself managed only the most minor of gains. Most other bourses in the region rose. Europe's Stoxx 600 is posting a small gain after retreating in the past two sessions. US index futures point to a firm start. European benchmark 10-year yields are mostly 2-5 bp lower today and the US Treasury yield is not quite two basis points lower to slip below 4.42%. Japan's 30-year yield eased slightly while the 40-year bond yield rose 11 bp before settled up five basis points (~3.49%). Gold is firmer near $3355 but has held below yesterday's high (~$3361). August WTI extended its losses to almost $66.25, the lowest level since July 7, but recovered to a little above $66.80. USD: The Dollar Index extended its advance yesterday. The last session is settled with a loss was July 2. Not coincidentally, we would argue, the year-end implied yield in the Fed funds futures is about 3.84%, the highest since June 19. At the same time, the five-year breakeven, the difference between the conventional yield and the five-year inflation protected security reached almost 2.48% yesterday, the highest in nearly three months. Its streak will be challenged today. The 98.25 area in the Dollar Index corresponds to the (61.8%) retracement of the decline since June 23 remains intact. Initial support may be in the 97.50-70 area. The US June CPI is the data the most important high-frequency economic report this week, though PPI, retail sales and industrial output are also due in the coming days. Although the last three reports have come in lower than expected, many Fed officials are concerned that the impact of the tariffs is still yet to be seen. This explains why the Fed has unanimously stood pat this year. The headline and core rates are expected to rise by 0.3% to 2.6% and 2.9%, respectively. This would be new four-month highs. The market continues to scale back the chances of September rate cut. Around 65%, the lowest odds since late May. EURO: The euro approached $1.17 is all three geographic sessions yesterday, and disappointment that it held so some liquidation of euro longs that pushed it back to $1.1660. The $1.1640 area is the (50%) retracement of the rally since the June 23 low. It settled yesterday below the 20-day moving average for the first time since May 19. It has come back firmer today but still has not risen above $1.17. Eurozone industrial output rose 1.7% in May. It was a stronger than expected recovery from April's revised 2.2% decline (initially reported as a 2.4% drop). The year-over-year rate had been negative from May 2023 through February 2025 and is now up 3.7% year-over-year. The industrial production figures do not include construction but seem to reflect increased defense and infrastructure spending. Separately, German investor confidence, the ZEW survey show continued improvement. The assessment of the current conditions improved to -59.5 from -72. It is the best since June2023. The expectations component improved to 52.7 (from 47.5), it is the fourth consecutive gain and is at its best level since Russia's invasion of Ukraine in early 2022. CNY: The dollar traded quietly yesterday (~CNH7.1670-CNH7.1760), within the range set at the end of last week. It remains within late Friday's range today and mostly inside yesterday's range. Nearby support is seen near CNH7.1630, and CNH7.1835 may offer resistance. Still, it looks comfortable in the broader CNH7.15-CNH7.20 range. The PBOC set the dollar's reference rate at CNY7.1498 (CNY7.1491 yesterday). China reported that the economy grew by 1.1% quarter-over-quarter in Q2. That turns into a 5.2% year-over-year expansion, slightly lower than the 5.4% reported in Q1. Retail sales slowed sequentially in June, but industrial output improved. The property market intensified. New and existing home prices declined faster, and property investment and property sales are contracted at an accelerated pace. Still, the data may be sufficient to take the pressure off this month's Politburo meeting to provide more support. JPY: The firm US 10-year yield arguably helped the dollar extend this month's recovery to almost JPY147.80 yesterday, its best level since the June 23 high, which was a little north of JPY148.00. It edged a little higher today but has not sustained the upside momentum. The rolling 30-day correlation of changes in the dollar-yen exchange rate and the 10-year Treasury yield reached almost 0.70 at the end of last week, the highest since February. Still, Japanese bond yields are rising faster. The US 10-year premium over Japan has been trending lower since 316 bp peak on April 11. It was around 280 bp at the end of June and now it is near 284 bp. Meanwhile, Japan's very long-end (30- and 40-year) bond yields are jumping after trading quietly and sideway for most of June and early July. Over the past three months, the 30-year JGB yield is up 34 bp, while the Dutch and German 30-year yields are up around 37 bp, and Canada's 30-year yield is up almost 40 bp. The French 30-year yield is about 30 bp higher and the 30-year US Treasury yield is up a milder 15 bp. The 30-year UK Gilt yield is not up quite five basis points in the past three months. GBP: Sterling fell for the seventh consecutive session yesterday, matching the long losing streak since March 2020. It traded slightly below $1.3425 today, its lowest level since June 23, when it reached nearly $1.3370. Slightly above it is the trendline off the year's low that comes in near $1.3380. It found new bids and its losing streak may end today. The UK reports June CPI tomorrow. A 0.1% increase is expected, which will keep the year-over-year rate unchanged at 3.4%. The core rate looks steady at 3.5%, while services inflation may slow slightly to 4.5% from 4.7%. Still, it is the weak economy that is behind the market's confidence of a rate cut next month (90%+). CAD: The US dollar remains stuck in a well-worn range roughly CAD1.3640-CAD1.3730 as it has for the past five sessions. The five-day moving average is above the 20-day, and the daily momentum indicators look constructive. The greenback settled above CAD1.3700, albeit barely, for the first time since June 25. Above there, the next target is near CAD1.3740, and then the more formidable resistance in the CAD1.3780-CAD1.3800 area. Canada will likely report its first increase in headline inflation since February today. It is seen rising 1.9% from 1.7%. The underlying core rates are expected to remain elevated at 3.0%. The market has a little less than a 20% chance of a cut at the end of the month and slightly less than 50% chance for the September meeting. Still, there is a 90% chance of a cut late this year. AUD: The Australian dollar set the high for the year ahead of the weekend near $0.6595 and succumbed to profit-taking yesterday that pushed it down about a half of a cent from the high. Options for about A$600 mln at $0.6560 expire today. It settled poorly yesterday, and follow-through selling was limited to around $0.6540 today. Last week's low was closer to $0.6485, and a break could signal another cent pullback. Since the eve of last week's central bank meeting, the year-end rate projected by the futures market rose 22 bp by the end of the week to 3.29% before pulling back to ~3.23% yesterday. It is near 3.26% now. MXN: The dollar rose to a seven-day high against the peso yesterday, reaching almost MXN18.78. It is easy to attribute gains to the 30% tariff threat issued over the weekend. However, in the region, the Brazilian real and Chilean peso (not to mention the Argentine peso) did worse. The dollar trading with a heavier bias today and traded slightly below MXN18.68 in Europe. A close below MXN18.66 could boost the chance that the brief upside correction is over. The dollar jumped a little more than 2.5% against the Brazilian real last week to snap a five-week decline. For the last two sessions, the greenback has traded within last Thursday's range (~BRL5.5250-BRL5.6220). The five-day moving average is above the 20-day moving average and the momentum indicators are moving higher. The next upside target is near BRL5.66. Disclaimer

The Canadian dollar continues to drift but that could change with the release of Canadian and US inflation later today. In the North American session, USD/CAD is trading at 1.3687, down 0.13% on the day. Canadian, US CPI expected to have accelerated in June It promises to be an interesting day as both Canada and the US release the June inflation reports. In Canada, headline CPI is expected to rise to 1.9% y/y from 1.7% in May, while the monthly rate is projected to ease to 0.1% from 0.6%. Two key core CPI indicators are expected to show an average of 3.0% y/y, unchanged from 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.

As the Ethereum price has broken out above $3,000, the shorts have piled on with expectations that this rally will end up like the others before it: in a crash. Not only have the shorts been dominating the market recently, but the exponential growth has seen the short positions rise to levels never before seen in the history of the digital asset. While this might look bearish at a glance as it means traders expect the price to decline, it could actually end up being ultra-bullish for the altcoin. Ethereum Leverage Positions Reach Record Short Levels In a post on X, market expert Zerohedge revealed an interesting development for Ethereum, and that is the fact that Ethereum shorts have now reached new records. The chart showed the Ether leveraged net totals, and it came out to a -13291, beating the previous high that was set back in May at -12000. This rise in Ethereum shorts proves that there is still a lot of disbelief in the current market rally, and many traders expect the Ethereum price to fall again. However, looking at the historical performance when it comes to shorts reaching record levels, it shows a trend that this could mean the rally could be sustained. For example, back in May 2025, when it set its previous peak of -12000, the Ethereum price had rallied from below $1,800 to above $2,600 before the month was over. This trend is also playing out now as the Ethereum price has crossed $3,000, as the Ether shorts have reached a new peak. How To Stay Positioned For ETH Given that the Ethereum price seems to be headed into what might be a parabolic rally after clearing $3,000, crypto analyst Luca on X has outlined how they intend to position for the surge. Luca explains that with the new week, the Ethereum price is at a key point. This is because it is approaching the 0.618 Fibonacci Retracement level, and this level is important because it has been a point of consolidation for the altcoin in the past. As such, the analyst explains that he intends to keep holding his positions on Ethereum. So far, Luca revealed that he has only de-risked Bitcoin positions as the pioneer cryptocurrency has hit all-time highs, but as the end of the cycle draws closer, the focus remains on altcoins. He maintains that the Ethereum price, alongside altcoins, will end up outperforming Bitcoin once the dominance drops. When this dominance drop happens, the analyst says that is when to begin de-risking altcoin positions. For now, though, the analyst expects Ethereum and altcoins to keep trailing Bitcoin as the dominance still remains high above 64% and BTC is yet to enter its distribution phase.