Todas Atividades

Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, backed by solid volume and a more favorable news environment. Although brief spikes in volatility may arise from macroeconomic events, Bankr believes the broader trend remains intact, as long as $2,510 holds. Ethereum Three-Day Price Trend Action Analyzing price action over the last 72 hours, Bankr noted a gently rising three-day trend. ETH started near $2,535, spiked to $2,598, and is now holding around $2,571 — a gain of roughly +1.5% for the period. The strongest push came Sunday night when ETH jumped $50 in one hour on the heaviest volume of the week. Since then, the price has been consolidating in a tight $2,565–$2,585 range. On the candle side, higher lows are visible at $2,506, $2,512, $2,540, and $2,560, which shows buyers are stepping in a little earlier on each dip. Examining simple indicators, Bankr noted that the 20-hour moving average is approximately $2,565, with the price sitting just above it — a mildly positive sign. The 50-hour moving average is around $2,538 and still shows a sloping upward trend bias, while candles stay above $2,540. For momentum, a quick RSI-style check shows ETH touched overbought during the $2,598 spike, then cooled to neutral (50–55), which leaves room for another leg higher. As for key levels, Bankr outlined support at $2,550 (recent pivot), $2,510 (volume shelf), and $2,480 (weekly floor). On the resistance side, levels to watch include $2,590–$2,600 (last high) and $2,625 (March swing high). News Impact And Game Plan While Ethereum surges, a stronger-than-expected US jobs report typically acts as a headwind, since it implies the Fed will likely stay on hold. However, Bankr noted that crypto appears to be shrugging it off, thanks to a solid risk appetite that’s keeping momentum intact despite the macro pressure. On the political front, Bankr highlighted that next week’s US “Crypto Week” in Congress, combined with the administration’s pro-crypto stance, is lifting sentiment. Traders are now positioning ahead of potential developments, including clearer regulatory direction and ETH-related ETF chatter, both of which are helping boost confidence. In terms of sector dynamics, Bankr pointed to ongoing institutional accumulation from players like Metaplanet. Additionally, Bankr mentioned the recent USDC burn, which reflects responsible supply management and supports a more constructive backdrop for Ethereum. Outlining a flexible approach, Bankr points to the accumulation of dips, placing laddered limit buys at $2,555, $2,535, and $2,505 in case of a sharp shakeout. For a breakout trade, if ETH closes an hourly candle above $2,600, look to enter or add with a short-term target at $2,625–$2,650, and place a stop just under $2,580. As a protective exit, if ETH drifts below $2,510 on rising volume, momentum likely shifts, cutting exposure or using a stop around $2,495 can help limit drawdowns. For profit-taking, Bankr suggests trimming partial positions at $2,590 and again near $2,625, while leaving a runner in case a summer rally extends toward $2,700.

The Twiga Minerals joint venture between Barrick Mining (TSX: ABX) (NYSE: GOLD) and the Tanzanian government has reached its fifth anniversary, marking a period of economic and infrastructure contributions to the country, the miner said . “When we established Twiga, it was about more than just resolving legacy issues,” President and CEO Mark Bristow said on Monday. “It was about building a new future by unlocking Tanzania’s gold endowment in a way that fairly shares the benefits and builds lasting value for all stakeholders.” Formed in 2019 as part of a deal to settle a protracted tax dispute, Twiga has since injected $4.79 billion into Tanzania’s economy, including $558 million in the first half of this year. Barrick oversees its Tanzanian operations through Twiga, which in turn manages the Bulyanhulu, North Mara and Buzwagi mines. Bristow said the partnership offers a sustainable model for mineral development. Over 90 percent of procurement is sourced from Tanzanian suppliers, most of them local companies. Tanzanians make up 96 percent of the workforce, with nearly half coming from surrounding communities. One tangible example of the partnership’s impact is the Future Forward education initiative, a $30-million collaboration with the Tanzanian government and the President’s office. Now in its second phase, the programme is expected to provide classroom space for 45,000 additional students across the country. No production surprises Barrick reported that all its Tanzanian mines continue to perform in line with production guidance. At Bulyanhulu, development of the Upper West decline is well underway, supported by a new fleet and upgraded infrastructure. Targeted investments in ventilation and dewatering systems are easing operational bottlenecks, improving efficiency and extending the mine’s production lifespan. Barrick says its Tanzanian mines continue to deliver in line with guidance. At the Bulyanhulu gold mine, development of the Upper West decline is well advanced, supported by the arrival of a new fleet and improved access through expanded infrastructure. At North Mara, a newly commissioned battery energy storage system has improved power reliability. Both underground and open-pit mining are progressing as planned. Community resettlement efforts are nearing completion, and the mine continues to strengthen relationships with surrounding communities. “Our partnership with host communities is fundamental to our presence in Tanzania,” Bristow noted. “We’ve had to work hard to rebuild relationships, particularly around North Mara, and we are seeing the benefits of consistent engagement and delivery on our commitments.” Exploration remains a key focus. Current drilling aims to expand resources at Gokona and Gena within North Mara, and along Reef 1 and Reef 2 structures at Bulyanhulu. Airborne geophysics and drilling are also planned at the newly consolidated Siga and Nzega greenfield sites to replace mined ounces and build a sustainable resource pipeline. Buzwagi mine in Tanzania. (Image courtesy of Barrick Mining) Even at Buzwagi, now in closure, Barrick is focused on long-term value. A special economic zone is under development with several investors engaged. Meanwhile, the Barrick Academy is on track to train over 2,800 supervisors and foremen from across Africa by year-end. “Our commitment to Tanzania didn’t end when the ore ran out at Buzwagi,” Bristow said. “We’re leaving behind infrastructure and institutions that will benefit the country well into the future.” Reflecting on the five-year milestone, Bristow said Twiga has stabilized operations and built a foundation for long-term value through shared ownership, local empowerment, and responsible development. “Twiga is more than a company. It is a model for what mining can be when it’s done right, in partnership and with purpose,” Bristow said. The partnership has faced challenges. In November, the Ontario Superior Court dismissed a lawsuit filed by 21 Tanzanian nationals who accused Barrick of complicity in extrajudicial killings carried out by police at the North Mara mine. The court ruled it lacked jurisdiction to hear the case.

Gold prices retreated on Monday as market concerns eased after US President Donald Trump announced an extension to the upcoming tariff deadline while reiterating that several trade deals are in place. Spot gold was down 0.5% at $3,319.77 per ounce as of 11:30 p.m. ET. Earlier, it had fallen nearly 1% to a one-week low of $3,297.15. US gold futures also dipped 0.5% to $3,327.80 per ounce in New York. Click on chart for Live Prices Weighing on gold was a stronger US dollar, which received a lift earlier after Trump threatened that he would place an additional 10% tariff on countries aligned with the BRICS group of nations. Furthermore, market participants are still digesting the US economic data from last week and gauging the Federal Reserve’s monetary policy path. “The market volumes remain quiet at this moment, and price action is probably still just reflecting the latest piece of economic data, but also starting to look forward to the potential for trade deals to be announced,” said Daniel Ghali, commodity strategist at TD Securities. Despite Monday’s decline, gold is still up more than 25% this year, trading about $190 shy of a record set in April, with investors seeking safety in the metal amid heightened geopolitical and trade tensions. (With files from Reuters)

The Australian Dollar is coming off several weeks of strength, buoyed by broad market optimism and fading tariff concerns that have lifted global growth sentiment—typically a supportive backdrop for the AUD and other commodity-linked currencies. Australia’s economy remains resilient, with the unemployment rate holding near 4.1%. However, the Reserve Bank of Australia (RBA) expects the number to gradually rise toward year-end, adding to the case for further monetary easing. With that in mind, markets widely expect a 25 bps rate cut at the upcoming RBA meeting (Current 3.85% expected to get to 3.60%). While this move is largely priced in, surprises remain possible, especially as inflation—though easing—may be reignited by Trump’s tariffs on Chinese goods, which could spill over into Australia through trade channels. AUD moves aren’t purely driven by domestic factors. Keep an eye on the US Dollar, which is rebounding to start the week, as well as China’s economic trajectory. Any slowdown from the Middle Kingdom—Australia’s top trading partner—could weigh on the Aussie, though current data doesn’t yet reflect such weakness. The Rate Decision is coming up overnight at 00:30 A.M ET. Read More: After the NFP surprise, is the US dollar back in play? 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.

The U.S. Secret Service has now seized over $400M in digital assets, all of which are stored in a single cold wallet, making it one of the largest cold wallet crypto stashes around. It’s worth noting that these assets have been recovered over a period of 10 years by tracking and neutralizing online cryptocurrency scams. Global crypto scams totaled around $16.6B in 2024 alone, with Americans losing a chunky $9.3B. Out of this, older adults were hit the hardest, losing nearly $2.8B. Read on as we dig into how these scams are executed and how the Secret Service works to neutralize them. We’ll also explain why using a secure, non-custodial crypto wallet like Best Wallet (powered by $BEST) is absolutely critical to keeping your crypto safe. How Are Cryptocurrency Scams Neutralized? Jamie Lam, an investigative analyst with the U.S. Secret Service, shed light on how these scams operate and how they neutralize them. In one instance, scammers used photos of attractive individuals to lure unsuspecting investors into seemingly legitimate cryptocurrency websites, often complete with sleek design and dedicated support teams to build trust. Initial deposits would yield small profits, which encouraged the victims to keep investing. Eventually, the platform would stop working, and the account balance would disappear into thin air. Jamie’s team traced the fake investment site’s domain using open source tools to uncover details like registration time and ownership. When they tracked the domain purchase, it led them to a crypto wallet, and a brief VPN failure finally helped expose the scammer’s IP address. A large part of these takedowns also depends on cooperation from industry players like Tether and Coinbase. In fact, Tether helped the Secret Service recover $225M worth of $USDT in what was one of the largest crypto scam busts to date. All of this underscores the importance of using a secure crypto storage solution like Best Wallet. By giving you total control of your assets and keeping them safe from phishing and fraud, Best Wallet ensures you don’t fall prey to a crypto hack. What is Best Wallet? As mentioned above, Best Wallet is a free crypto wallet that’s completely self-custodial. This simply means that you and only you will have access to your wallet’s private keys, ensuring that no third party, not even Best Wallet’s employees, can access your wallet or the funds therein. Along with this, Best Wallet also comes with excellent 2FA/MFA options, allowing you to set up a second one-time password for access to your account. Here, you have the option to use biometric authentication, which is one of the safest and most sought-after 2FA measures. What’s more, Best Wallet leverages advanced cryptographic technology to protect you and your stored crypto against theft, hacks, and other malicious crypto attacks, including scams and phishing attempts. Even better, Best Wallet employees verify every token before making it available on their platform, safeguarding you from investing your hard-earned money into scam tokens. That’s not all, though, as Best Wallet has some exciting upgrades in store. It’ll soon roll out advanced anti-fraud protection and defenses against sophisticated MEV (Miner Extractable Value) attacks. More Than Just Security: Best Wallet Supercharges Meme Coin Access and Trading One of the most unique features of Best Wallet is that it allows you to buy new meme coins on presale directly from within the app. Usually, even the best crypto wallets will require you to connect to a presale’s website and complete your purchase from there. However, Best Wallet’s ‘Upcoming’ section redefines what simplicity means in the meme coin space by allowing users to buy new meme coins without ever having to leave the app. Furthermore, Best Wallet also plans on offering a full-fledged crypto trading terminal, with limit buy/sell orders, stop-losses, and even dollar cost averaging (DCA). Buy $BEST and Join Best Wallet’s Success Story With a streamlined approach to meme coin purchases, intuitive mobile-first design, and top-notch security, Best Wallet has everything it needs to achieve its goal of capturing over 40% of the non-custodial crypto wallet market by 2027. You can ride this success story by buying Best Wallet Token ($BEST), the project’s native cryptocurrency. It’s currently in presale, with over $13.7M already raised, and each token available at a low price of $0.025295. According to our $BEST price prediction, the token can surge around 180% and reach $0.07 by 2030, offering early buyers a chunky return on their investment. Most importantly, $BEST holders get to unlock a slew of ecosystem benefits. These include reduced trading and gas fees, governance rights, staking rewards (currently yielding 100%), and early access to new meme coin launches. To learn more about Best Wallet, check out its official whitepaper. And for all of the latest updates, follow it on X and join its Telegram channel. Disclaimer: The crypto market is highly volatile and guarantees no returns. This article is not financial advice, and we strongly recommend that you do your own research before investing.

Almonty Industries (TSX, ASX: AII; US-OTC: ALMTF) announced on Monday that it has filed for a public offering on the NASDAQ to fund its planned tungsten oxide facility. Once approved, the shares will trade under the ticker “ALM”, while trading of its OTC-listed shares will cease. “We are pleased to announce our application to list on the Nasdaq concurrent with a US public offering, helping us to secure our position as a leading supplier of tungsten to the US and its allies,” stated Lewis Black, chief executive officer of Almonty, in a press release. Earlier this year, the company announced its plans to change its jurisdiction of incorporation from Canada to the State of Delaware. The application follows Almonty’s announcement last week of a 1-for-1.5 share consolidation to facilitate the NASDAQ listing. Its stock, which was recently added to the S&P/TSX Global Mining Index, began trading on a post-consolidation basis on Monday, opening at C$7.17 a share after closing last week at C$4.62. The tungsten miner’s market capitalization is estimated at just over C$2 billion. Tungsten oxide facility Almonty intends to use the proceeds from the NASDAQ offering to complete the development of a vertically integrated tungsten operation in South Korea by building a tungsten oxide facility. The facility, as the company detailed previously, is expected to process tungsten concentrates from the historic Sangdong mine nearby. The mine, acquired by Almonty in 2015, is fully permitted and in its advanced construction stages, with first production expected this year. Initially, the operation is expected to output 2,300 tonnes of tungsten oxide (WO3) annually from the mine alone, then more than doubling to 4,750 tonnes following completion of the oxide plant, earmarked for 2026/27. The potential mine life is 90 years, the company has said. In July 2024, Almonty signed a memorandum of understanding with South Korea’s Yeongwol County to secure a location for the oxide facility. Under its investment plan, the company will spend around $72 million to build a 60,000-square-meter factory, and another $29 million for upgrades. In its presentation, Almonty said its South Korean operation has the potential to produce over half of the world’s tungsten, as it hosts the largest tungsten deposit globally by inferred resources, with one of the highest grades. The operation would also boast the highest recovery rate at 85% and the lowest cost at $110 per tonne, which is roughly half of China’s average, Almonty’s management previously said.

XRP slipped to around $2.22 on July 7, marking a quiet session for the token. That price sits well below what many crypto backers think it should be. They point to XRP’s speed, its ability to handle thousands of transfers every second, and a growing list of real‑world partnerships as reasons it’s undervalued. XRP Eyes A Slice Of Remittance Market According to recent projections, the global remittance industry will swell from $783 billion in 2024 to $833 billion in 2025, growing at about 6.4% a year. That same pace is expected to push the total to roughly $1.06 trillion by 2029. Based on reports, if XRP captures 25% of that market and investors value its network at twice its annual volume—similar to big payments firms—the token’s market cap would hit $534 billion. With about 60 billion XRP in circulation, each coin would be worth $8.90. Ripple Expands Global Ties Ripple has been busy lining up deals in places that move lots of money overseas. Brazil, Mexico, the UAE, Saudi Arabia, Vietnam, and the Philippines are all on the list. In these markets, people sending cash home often face high fees and slow transfers. XRP’s consensus system lets banks and money‑transfer firms settle payments in seconds, not days. That speed could help push adoption even higher. Legal Clarity Boosts Confidence Based on court rulings, the US now treats XRP sales to retail buyers as not being securities. That change opens the door for more banks and payment companies to jump in without fear of a legal sting. It also gives some larger investors more confidence to hold XRP long term. Purely on network‑value math, XRP at $8.89 would already be a four‑fold jump from $2.22. But crypto markets often bid up tokens beyond those simple models. If growing adoption brings a 4× “demand premium,” XRP could climb all the way to $35.56 by 2029. That scenario assumes Ripple’s partnerships scale up, regulatory risks stay low, and investors see XRP as a must‑have tool for cross‑border payments. Key Risks And Variables Nothing is guaranteed. Market sentiment can swing. Token emissions from escrow or new supply changes could hurt the price. And if banks take longer than expected to roll out XRP‑based services, demand could lag. On the flip side, more use cases—like tokenized assets or on‑demand liquidity—could boost real‑world volume and push the price even higher. Featured image from Meta, chart from TradingView

Stock markets reopened after a prolonged holiday weekend with no major headlines disrupting the recent streak of red-hot bullish sentiment. US President Trump is expected to begin sending formal letters to international counterparts, outlining his administration’s 10% tariff plans—or potentially higher—alongside trade deals that have been in development since the early months of his mandate. Elsewhere, China has moved to restrict EU healthcare device imports, though this has done little to dent global market confidence, with most major indices trading in the green to start the week. In the FX space, volatility may pick up ahead of interest rate decisions from the Reserve Bank of Australia and the Reserve Bank of New Zealand, with both central banks under increased scrutiny amid diverging global monetary paths. The US open is mixed, with indices hesitating as key technical levels come into play. Notably, the Dow Jones Industrial Average is now within 0.5% of its all-time highs, positioning this week as potentially pivotal for further upside momentum. Let’s dive into a multi-timeframe analysis of the US 30 to identify potential headwinds and chart out the zones that could either cap the current rally or open the door to fresh record highs. Read More: Trade Deal Deadline, OPEC + Hike. DAX Hovers at Key Confluence Area 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.

Crypto expert XForceGlobal has issued a new bullish forecast for the XRP price, predicting that the third-largest cryptocurrency is gearing up for its biggest rally yet. With the Elliott Wave Theory as the key indicator for this move, the analyst believes that XRP could soon see a potential surge between $20 and $30 this bull cycle. XRP Price Forecasted To Rise To $27 In his video analysis posted on X social media, XForceGlobal predicted that XRP is on the cusp of an explosive breakout to $27. The market expert began his analysis by highlighting that XRP’s volatility has crashed to rock bottom, marking the first time in the cryptocurrency’s history that it has reached such levels. Currently, the cryptocurrency is trading close to all-time highs and has been moving within a tight range between $1.5 and $3.8 for six months. XForceGlobal calls this trade range an “unprecedented price action,” which XRP has never experienced on the macro level. XForceGlobal also noted that XRP’s persistent range-bound trading is likely due to investors refusing to sell off their tokens. He revealed that nearly all momentum indicators are aligning in favor of a move toward new all-time highs. More importantly, signals from the Elliott Wave Theory support that XRP may be on the verge of a powerful breakout soon. Using this theory, XForceGlobal explains that XRP is currently entering Wave 3 after experiencing a five-wave move that triggered a surge from $0.37 to above $2.4, followed by a three-wave correction toward $1.5. The analyst explained that within the Elliott Wave Theory, Wave 3 is typically the strongest and longest wave. As a result, he predicts that the XRP price is likely going to hit an initial target around $16.3 soon, making it significantly more profitable than the historic December breakout, when the cryptocurrency surged from its long-held $0.5 range to above $2. Following the completion of Wave 3, XForceGlobal predicts that XRP will possibly experience a crash toward $6 in Wave 4. After this correction, the cryptocurrency is expected to begin forming Wave 5, which is where its price is projected to skyrocket toward $27. XRP Alternative Bullish Case During his video analysis, XForceGlobal suggested that while XRP could potentially surge to between $20 and $30 in Wave 5, this outcome isn’t guaranteed. If it does not play out, the alternative scenario involves a much longer corrective phase within a flat structure. This is anticipated to be followed by a potential breakout above $4 in Wave 3 before a much powerful rally into the double-digit territory. He predicts that once XRP climbs above $4, it could undergo a sharp correction down to $1.56, representing wave c of the five-wave impulse move. Notably, XForceGlobal admitted that it is still challenging to determine which of the two bullish scenarios is more likely to unfold at this time. However, the analyst emphasizes that regardless of which scenario unfolds, XRP will still be aiming for the upside and retesting the $4 level.

Gold prices have started the week on the back foot as hopes grow over a barrage of trade deal announcements are expected this week. The initial July 9 deadline by the Trump administration approaches but there has been mixed messaging which may limit Gold's downside potential ahead of the announcements Most Read: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns close Source: TradingView (click to enlarge) Source: TradingView (click to enlarge) Support 330032913271Resistance 332533543365Follow Zain on Twitter/X for Additional Market News and Insights @zvawda 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.

Stellar Lumens hit a critical support level this week at $0.20, putting the token in a precarious spot. At that price, XLM sits 30% below its peak in May and 60% under its 2024 high. Based on reports, bears have been piling on, pushing the funding rate into negative territory since early June. If that support gives way, traders warn XLM could slide toward $0.15, a drop of about 35%. Network Activity Up According to Artemis, operations on the Stellar network surged to 197 million in June. Stablecoin supply also reached a record $667 million. Over the past five months, the total value locked in real‑world asset tokenization grew to $487 million, helped by new offerings such as the Franklin OnChain US Government Money Market Fund. Those figures suggest healthy demand for on‑chain services and asset tokenization inside Stellar’s ecosystem. Funding Rates Down Funding rates in perpetual futures have been negative most days since May. That means more short positions than long ones, with short traders paying long traders to keep their bets in place. XLM’s funding rate hit its lowest point since June 30, pointing to rising bearish sentiment. When funding rates stay deep in the red, it often adds selling pressure as traders brace for steeper losses. The image above shows that XLM funding rates are down on most major exchanges, particularly for stablecoin-margined pairs, data from Coinalyze shows. On‑Chain Growth Clashes With Market Mood Nansen data shows the number of transactions rose by 11% over the last seven days to 182 million. Active addresses climbed 10% to 146,700 in the same span. Even so, price action has ignored these gains. XLM fell beneath its 50‑day and 100‑day Exponential Moving Averages, and momentum appears to favor sellers. Some market watchers suggest that deep negative funding could trigger a short squeeze, turning sentiment around if shorts rush to cover. Chart Patterns Warn Of Drop The daily chart reveals a descending triangle pattern, with $0.21 forming the lower trendline. That level also marked April’s lows when altcoins broadly sold off. XLM has slipped below the 60% Fibonacci Retracement zone, where many traders expect a bounce. A clean break under the triangle could unleash algorithm‑driven orders, sending price toward $0.15. Meanwhile, Stellar’s fundamentals look solid, but technical signals remain bearish. Traders and holders should watch that $0.21 line. A strong rebound there could restore confidence in on‑chain strength. On the flip side, a slide through support may spark faster losses. Either way, XLM’s near‑term path hinges on that key level. Featured image from Meta, chart from TradingView

China’s overseas mining investment has soared to its highest level in over a decade, driven by Beijing’s push to secure critical raw materials amid rising geopolitical tensions. There were 10 deals worth more than $100 million in 2024, the most since 2013 according to data from S&P and Mergermarket data, cited by the Financial Times. Separate research from the Griffith Asia Institute found that last year was the most active for Chinese overseas mining investment and construction since at least 2013. Long the world’s biggest consumer of many strategic resources, China has invested abroad for years to shore up supply. But analysts say this latest wave reflects an urgent shift. Chinese firms are accelerating acquisitions before mounting political resistance in countries like Canada and the United States shuts more doors. That urgency remains has remained evident this year. Last week, Zijin Mining announced plans to buy the Raygorodok gold mine in Kazakhstan for $1.2 billion. In April, China’s Baiyin Nonferrous Group acquired the Mineração Vale Verde copper and gold mine in Brazil from Appian for $420 million. Taken from: China Belt and Road Initiative (BRI) Investment Report 2024. (Click on image to enlarge) Despite dominating global mineral processing, including lithium, rare earths and cobalt, China still relies heavily on imports of raw materials. Western governments are moving to reduce their dependence on China for these metals and rebuild alternative supply chains for key industries like EV batteries, wind power and semiconductors. Gold-fuelled buying spree Surging gold prices have added fuel to Beijing’s mining ambitions. Chinese producers, already the largest gold miners globally, are stepping up overseas deals to compete with Western heavyweights. One of the most aggressive players is Chifeng Gold. The company, China’s largest non-state-owned gold miner, has ramped up production dramatically. From just two tonnes in 2019, output from its five Chinese mines and two overseas operations — in Ghana and Laos — jumped to 15.2 tonnes in 2023. Taken from: China Belt and Road Initiative (BRI) Investment Report 2024. (Click on image to enlarge) With global production of gold flat-lining near 2018 levels and few major new discoveries, many miners with ageing assets see mergers and acquisitions as their clearest path to growth. Along with China’s CMOC Group, Australia’s Northern Star Resources (ASX: GOR) and South Africa’s Gold Fields (JSE: GFI) have been among the most recent buyers of smaller companies as competition intensifies.

Tesla CEO and tech mogul Elon Musk has officially confirmed that his newly formed political party, the America Party, will accept BTC ▲0.84%. Responding to an X user who asked whether his party would embrace BTC, Musk replied bluntly: “Fiat is hopeless, so yes.” — Elon Musk Pitched as a jailbreak from the Democratic-Republican duopoly, the America Party announcement came alongside a sudden surge in Dogecoin. Whether coincidence or calculated, the signal was clear that Musk still has enormous market sway in crypto. DogecoinPriceMarket CapDOGE$25.76B24h7d30d1yAll time DISCOVER: Best New Cryptocurrencies to Invest in 2025 Tesla’s Bitcoin History and Musk’s Crypto Legacy Elon Musk made waves in early 2021 by parking $1.5 billion of Tesla’s treasury into Bitcoin. Fast forward, Tesla’s 11,509 BTC stash is now worth roughly $1.26 billion, which is enough to place it ninth among public companies holding crypto. While the company briefly accepted BTC for vehicle payments, it later paused the program citing environmental concerns. However, the infrastructure for future integration may still be in play. Musk’s decision to launch a new political party comes amid growing tensions with former President Donald Trump. The friction escalated after Trump unveiled his “One Big Beautiful Bill,” a proposed economic plan projected to add $3.3 trillion to the U.S. national debt. “Utterly insane and destructive.” — Elon Musk Political Rift with Trump Over Crypto and Debt Musk began his split from Trump when he questioned the logic of launching initiatives aimed at reducing the debt while simultaneously inflating it with such policies. “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk posted online shortly after criticizing Trump’s landmark ‘Big Beautiful Bill.’ These comments reflect a broader dissatisfaction with both political parties and laid the groundwork for Musk’s America Party, which he describes as one that “actually cares about the people.” DISCOVER: 20+ Next Crypto to Explode in 2025 Dogecoin Price Surges on Political Speculation The crypto market responded quickly to Musk’s political move. Dogecoin rallied more than 5% following the announcement, rising from $0.163 to $0.171. Trading volume exceeded $1.1 billion, with whale wallets aggressively accumulating DOGE even as smaller holders sold off positions. Bitcoin’s sitting comfortably above $108,000, but the bigger setup may be geopolitical. Musk’s renewed crypto activity, combined with dovish Fed rumors, all hint at a convergence of forces that could light a fire under BTC in the coming months. 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 Tesla CEO and tech mogul Elon Musk has officially confirmed that his newly formed political party. All eyes are on Powell this month. As inflation lingers and labor metrics soften. The post Elon Musk Confirms New America Party Will Accept Bitcoin appeared first on 99Bitcoins.

U.S. Congress just circled the week of July 14 and slapped “Crypto Week” on it. Crypto Week will be a week-long U.S. holiday. God bless America. *claps* The House will spend the week debating three bills that could reshape crypto regulation and whether the U.S. still wants to be a serious player in crypto innovation. If passed, they could finally give the industry the framework it’s been begging for. Meanwhile, a new crypto presale is making headway and could skyrocket during Crypto Week. BitcoinPriceMarket CapBTC$2.17T24h7d30d1yAll time DISCOVER: Best New Cryptocurrencies to Invest in 2025 US Crypto Week: CLARITY Act Brings Long-Awaited Regulatory Certainty Washington is finally trying to stop playing Calvinball with crypto law. The CLARITY Act proposes a simple fix to carve digital assets into three categories: commodities, securities, and stablecoins, and assign each to the right agency. It’s a strategy meant to kill the ambiguity that’s made the U.S. a regulatory minefield for crypto firms. For instance, BTC ▲0.84%, classified as a “digital commodity,” would come under the CFTC’s jurisdiction, while tokens resembling traditional securities would remain with the SEC. Additionally, a dual-track registration system is set to provide more flexibility for crypto platforms to register with the relevant agency. GENIUS Act Caters to Stablecoin Innovation Passed by the Senate, the GENIUS Act is set to bring stablecoins under federal command. It sets the ground rules for who can mint them, how they’re backed, and what oversight looks like when things go sideways. The upshot is: Makes stablecoins legally legitimate as long as they do things like proving reserve backing. There will be less of legal barriers to making your own legally compliant stablecoin. Once the GENIUS Act is signed into law, various entities will begin to replace legacy systems with stablecoin-based systems wherever it is economical to do so. Ideally, soon, someone will offer international payments that arrive in seconds instead of days. This is going to force everyone else to adapt or die. (X) Framed as a firewall against financial surveillance, the Anti-CBDC Surveillance State Act would stop the Fed from distributing a digital dollar to individuals. Crypto Week Standout: TOKEN6900 Raises $220K as Crypto’s First Non-Corrupt Token One token set to go viral during Crypto Week is TOKEN6900, which is seven days deep into presale and already has $220,000 in the bag. It claims to be the first Non-Corrupt Token (NCT), and unlike most projects, that might actually mean something. No mint button. No insider stash. No angel round. 80% of TOKEN6900 goes to public presale, and when they say the price jumps in two days, it does. While central banks hide behind policy jargon and print cash into oblivion, TOKEN6900 is a pure distillation of internet hype and irony, priced at $0.00645… for now. (Token 6900) There’s no mystery here. TOKEN6900 isn’t building the next layer of civilization. It’s not disrupting finance. It’s a meme, and it says so proudly. In a world where central banks rewrite reality while the numbers rot, that kind of blunt-force honesty is the rarest asset of all. GET IN ON THE TOKEN6900 HYPE NOW 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 U.S. Congress just circled the week of July 14 and slapped “Crypto Week” on it. One token set to go viral during Crypto Week is TOKEN6900, which is seven days deep into presale and already has $220,000 in the bag. The post Lawmakers Plan Bullish Move: US Crypto Week This July 14 to Tackle Major Bills appeared first on 99Bitcoins.

XRP’s market dominance may be on the verge of a historic breakout, with analyst Cryptoinsightuk (@Cryptoinsightuk) suggesting the token could command as much as 30% of the entire crypto market cap in this cycle—representing a fivefold surge from current levels. 30% XRP Dominance? The bold projection stems from an emerging bullish structure on the XRP dominance chart, reinforced by a key technical signal: the three-day Relative Strength Index (RSI) has broken its multi-year downtrend for the first time since XRP’s last local highs. This shift, visible on the attached chart, signals a significant change in market dynamics, potentially marking the beginning of a new accumulation-driven expansion. The analyst argues that XRP dominance has completed a textbook Wyckoff accumulation pattern. “We’ve pretty much completed a Wyckoff accumulation pattern, and I would argue we’re nearing the end of Phase D and about to enter Phase E,” they noted. According to the Wyckoff method, Phase E represents the breakout phase, where assets typically enter strong markup periods after prolonged accumulation. This interpretation is supported by a side-by-side comparison of the theoretical Wyckoff schematic overlaid directly on XRP dominance price action. The analyst specifically points to the recent “Last Point of Support” (LPS) as confirmation that XRP is transitioning toward breakout territory, having already completed the “Spring” phase—a final shakeout that traps late sellers before a sustained rally. “If that’s correct, we should see significant upside in XRP dominance,” the analyst continued, adding that the signal is particularly meaningful when viewed on the three-day timeframe, which filters out short-term noise and emphasizes broader cyclical trends. In terms of concrete targets, the analyst acknowledges that consensus among market participants remains modest, with many expecting a peak in XRP dominance around 14%. However, CryptoInsightUK argues this is a gross underestimation of potential upside in the event that XRP reclaims narrative leadership in the crypto space. “I believe we could push as high as 20%. There’s even a possibility we reach broader capital inflows accompanying a Bitcoin breakout to new all-time highs. Many are calling for a top around 14% dominance, but I believe we could push as high as 20%,” the analyst wrote. “There’s even a possibility we reach 30%, though I’m personally targeting the 20% zone, which would represent a 5x increase in dominance from current levels.” XRP’s current market dominance sits below 6%, making the analyst’s 20–30% target not just ambitious but transformative. It would mark the first time since the early XRP rally days in 2017 that XRP commanded such a share of the crypto market. The broader context driving this thesis is the possibility of a liquidity-driven crypto cycle, catalyzed by Bitcoin achieving new highs and investor capital rotating into alternative assets. “If this coincides with Bitcoin breaking out to new all-time highs and broader capital flowing into the market, I believe we could witness a major price expansion for XRP—one that few are currently expecting,” the analyst added. At press time, XRP traded at $2.28.

Ukraine has imposed sanctions on 60 crypto firms in Russia, including officials in the Central Bank of Russia. Will these sanctions be successful? Russia and Ukraine have been in conflict since February 20, 2014, when Russia annexed Crimea. The invasion of Ukraine in 2022 marked a major escalation. As of July 7, 2025, the conflict has remained for over three years, with daily attacks causing casualties and property damage on both sides. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Ukraine Sanctions Crypto Firms In Russia On July 6, 2025, Ukrainian President Volodymyr Zelenskyy approved a comprehensive sanctions package targeting 60 Russian crypto firms and 73 individuals, including Central Bank of Russia officials. These sanctions aim to disrupt Russia’s ability to evade Western restrictions through crypto assets. If successful, these sanctions could strengthen Ukraine’s efforts to isolate Moscow’s financial infrastructure in the ongoing conflict. Specifically, Ukraine targeted Russian crypto mining firms and digital asset issuance processors. Russia has already been disconnected from the SWIFT global payment network, and restrictions have been imposed on its $640 billion foreign currency reserves. DISCOVER: Best Meme Coin ICOs to Invest in Today Russia Turns To Crypto However, Russia has increasingly relied on BTC ▲0.84% and some of the best cryptos to buy to circumvent these sanctions to facilitate trade and maintain economic stability. Russian oil companies have reportedly used Bitcoin and top cryptos to settle transactions with non-sanctioned countries like China and India. BitcoinPriceMarket CapBTC$2.17T24h7d30d1yAll time In July 2024, the Duma passed a bill legalizing crypto payments for international trade. The Central Bank of Russia, now targeted by Ukraine’s sanctions, was authorized to oversee an experimental infrastructure allowing approved businesses to use crypto assets for cross-border transactions. In August 2024, President Vladimir Putin approved crypto mining, allowing firms to mine Bitcoin provided they register with tax authorities and comply with energy consumption regulations. By December 2024, Finance Minister Anton Siluanov confirmed that domestically mined Bitcoin was being used in foreign trade under a trial setup with the Central Bank. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Will These Sanctions Be Effective? It remains uncertain whether Ukraine’s sanctions on Russian crypto firms will be effective. Crypto transactions, including those of the top Solana meme coins, are borderless and difficult to block unless intermediaries are directly targeted. To succeed, Ukraine must collaborate globally to pressure non-sanctioned countries to limit dealings with Russian crypto firms. However, Russia’s partners, such as China and the UAE, may continue engaging with these firms. Additionally, Russia has developed an alternative payment system, the Financial Messaging System (SPFS), and proposed crypto exchanges in major cities like St. Petersburg and Moscow, demonstrating growing resilience to Western sanctions. Combined with BRICS initiatives to develop an alternative payment currency and system, Russia is increasingly shifting away from the U.S.-dominated financial system, giving it a strategic advantage. DISCOVER: Next 1000x Crypto – 11 Coins That Could 1000x in 2025 Ukraine Sanctions Crypto Firms In Russia: Will They Succeed? Ukraine sanctions crypto firms in Russia Ukraine aims to further isolate Russia from the global USD-dominated payment system Russia turns to crypto to bypass sanctions Will Ukraine’s efforts be successful? The post 60 Russian Crypto Firms Sanctioned by Ukraine for Evading Restrictions appeared first on 99Bitcoins.

In June 2021, Ethereum was at $ 2,400 and, through a long, arduous lateral price action, has once again bounced above that price range thanks to the support of Ethereum ETFs. Now trading above $2,565 and its 100-hour SMA, ETH looks poised for a stronger breakout. Immediate resistance sits at $2,600 and $2,620, while bulls are clinging to $2,550 as the line they can’t afford to lose. A sustained move could send ETH toward the $2,636 swing high. EthereumPriceMarket CapETH$310.92B24h7d30d1yAll time DISCOVER: Best Meme Coin ICOs to Invest in Today Are Ethereum Holders Going to Be Left Behind? Ethereum sisters, is it finally our time to shine? Institutional money has been flooding into Ethereum ETFs with $1.17 billion in June, over $1.5 billion so far this year, and projections point to $10 billion by the end of 2025. Bitwise CIO Matt Hougan says it’s simple: “Ethereum increasingly becomes the settlement layer for regulated finance.” As these ETFs pull TradFi deeper into the blockchain, ETH is fast becoming the go-to for tokenized stocks, bonds, and beyond. Additionally, Ethereum’s scalability playbook is working for now. Arbitrum, Optimism, and zkSync are racking up usage as Layer 2s soak up DeFi traffic and gaming demand. Meanwhile, EIP-7983—an upcoming cap on per-transaction gas—promises smoother sailing ahead. It’s a defensive move, but a smart one, as rivals like Solana eye the throne. If Ethereum has any chance of breaking ATHs this year, it will be through its Layer 2 dominance. After months of holding above $2,425, it’s carved out a rounded bottom that some analysts say could be the launchpad for a move toward $8,500 this cycle. The technicals match the narrative for ETH with stronger fundamentals, deeper institutional ties, and no signs of structural weakness. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What’s Next for Ethereum? The old ploy that is Ethereum is waiting to be used. ETH has room to run, but only if it clears the ceiling at $2,620. With ETF inflows growing and Layer 2 infrastructure clicking into place, the setup leans bullish. Still, any drop below $2,520 throws the trend into question. For now, ETH is stuck in a pressure cooker of institutional money, tech upgrades, and trader nerves. 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 ETH has once again bounced above that price range thanks to the support of Ethereum ETFs. The old plow that is Ethereum is waiting to be used. ETH has room to run, but only if it clears the ceiling at $2,620. The post Ethereum ETFs Net $2.191 Billion as BlackRock and Fidelity Dominate Inflows appeared first on 99Bitcoins.

Royal Gold (NASDAQ: RGLD) is acquiring Canadian streaming and royalty firms Sandstorm Gold (TSX: SSL, NYSE: SAND) and Horizon Copper (TSXV: HCU) in deals worth a combined $3.7 billion. The Colorado-based company will pay about $3.5 billion for Sandstorm in an all-stock transaction and $196 million in cash for Horizon. Under the Sandstorm deal, Royal Gold will issue 0.0625 shares for each Sandstorm share, representing a 21% premium based on the 20-day volume-weighted average price. Horizon shareholders will receive C$2.00 in cash per share, an 85% premium. The acquisitions add 40 producing assets to Royal Gold’s portfolio, expected to deliver 65,000 to 80,000 gold equivalent ounces in 2025. Based on current forecasts, this would boost the company’s 2025 production by roughly 26%. After closing, Royal Gold shareholders will own around 77% of the combined entity, while Sandstorm shareholders will hold the remaining 23%. The consolidated company will have 80 revenue-generating assets, with no single asset contributing more than 13% of net asset value. Precious metals will make up 87% of total revenue, with gold accounting for about 75%. “[Thank to this combination] Royal Gold will remain firmly positioned as a leading North American precious metal streaming and royalty company,” president and CEO Bill Heissenbuttel said. “The addition of the Sandstorm and Horizon assets will create a global portfolio of precious metals interests that is unmatched in terms of asset diversification, development and organic growth potential.” Key projects joining the portfolio include the MARA copper-gold project in Argentina, Hod Maden in Turkey, and the Platreef platinum group metals project in South Africa. The boards of all three companies have approved the transactions, which are expected to close in the fourth quarter of 2025, pending shareholder and regulatory approvals.

Like lithium and cobalt, nickel prices have been on a wild ride since forecasts of electric vehicle demand for battery materials first entered the stratosphere and duly came back to earth. In March 2022 two “big shots” of the metals trading world – Paul Singer of hedge fund Elliot and Xiang Guangda of Chinese nickel giant Tsingshan – faced off over short positions that led to a spike above $100,000 per tonne in a matter of minutes. Over $12 billion in cancelled trades, lawsuits and a rethink of nickel trading on the LME ensued but the effect on the ground was short lived and limited. Nickel sulphate entering the EV battery supply did reach more than $30,000 a tonne (on a 100% Ni basis) at the time but since then have been on a steady decline, averaging around the $17,000 a tonne mark in the second quarter of this year. But compared to the lithium price trajectory nickel investors have had it relatively easy. Lithium prices have been decimated since reaching a peak less than three years ago with prices slumping to $8,450 a tonne in June from above $80,000 in November 2022. Pairing average prices with metal deployment in the EV industry shows that while the riches at the end of the EV road have not quite materialised, battery nickel remains an investable space as the graph shows. The value of terminal lithium tonnes deployed in EVs, including plug-in and conventional hybrids, sold around the world from January through May totalled $2.15 billion. Data from Toronto-based research consultants Adamas Intelligence shows the EV battery nickel tally so far this year comes to $2.20 billion. And that is despite the significant move towards nickel-free batteries such as lithium iron phosphate or LPF and the significant cooling of nickel prices at the same time. LFP batteries are close to representing half of EV battery capacity deployed so far this year from less than 1% share at the beginning of the decade. For more graphs covering the battery metals market check out the latest issue of the Northern Miner print and digital editions. * Frik Els is Editor at Large for MINING.COM and Head of Adamas Inside, providing news and analysis based on Adamas Intelligence data.

Overview: After last week's US jobs data and anticipation of a firm CPI reading next week, US interest rates have firmed, and the dollar begins the new week on a firm note. Meanwhile, US tariff letters from the White House may begin being delivered today. Initially, it was signaled that some letter would go out before the weekend. In any event, July 9 may have lost some of its sting as the reciprocal tariffs are now said to go into effect on August 1. The US has struck deals with UK, Vietnam, and partially with China. Several Asian countries are thought to be close to deals. The greenback is firmer against all the G10 currencies, but the Swedish krona, which was underpinned by the stronger than expected preliminary June CPI. The US dollar is also trading firmer against nearly all the emerging market currencies. After falling by almost 0.3% last week, the MSCI Asia Pacific Index traded heavily earlier day. Nearly all the large bourses in the region slipped. South Korea and Singapore were notable exceptions. Europe's Stoxx 600 fell nearly 0.5% last week and is firm today. US index futures are softer, with the S&P futures off almost 0.5% and the Nasdaq futures down around 0.6%. Benchmark 10-year yields are mostly 1-2 bp higher in Europe. UK 10-year Gilts are unwinding more of last week's jump and the yield is off 1.5 bp. Swedish bonds have been punished by the higher inflation read and are up over five basis points. The 10-year Treasury is firm near 4.35%. The US sellers $58 bln three-year notes tomorrow, $39 bln 10-year notes on Wednesday and $22 bln 30-year bonds on Thursday. Gold is about 0.8% lower, trading near a five-day low below $3310 in Europe. August WTI initially fell on the OPEC+ 548k barrel a day increase in output in August (up from 411k barrel increases in May-July). It found bids slightly below $65.50 after gapping lower and is now back into last Thursday's range, near $67.00. USD: The Dollar Index traded in an exceptionally narrow range ahead of the weekend (~96.85-97.10). The multiyear low set last week was a little above 96.35. It breached 97.40 after the better-than-expected jobs data but did not sustain the upside momentum. It is knocking on the area in the European morning. A move above the 97.55 area could spur a move toward 97.90, where the 20-day moving average is found. DXY has not settled above the 20-day moving average since May 19. The US has a light economic diary this week. After the stronger than expected employment data, it will be hard to rebuild any meaningful speculation of a hike later this month. The focus is on the tariff letters, some of which may be delivered today. Treasury Secretary Bessent and Commerce Secretary Lutnick have suggested the July 9 deadline was extended to August 1. And a firm CPI reading next week may lead to more doubts about a September cut. The US 10-year yield slipped below 4.20% on July 1, a two-month low and recovered to almost 4.36% ahead of the long holiday weekend. Near-term risk may extend to 4.45%-4.50%. The US two-year yield rose from slightly below 3.70% to 3.90% after the employment report. There looks like potential back to 4.0% if not slightly above. EURO: The euro set its multiyear high last week near $1.1830. It is consolidating and fell slightly below $1.1720 after the US jobs data. It is posting an outside day, trading on both sides of last Friday's range. The consolidative phase could morph into a correction on a break of $1.1685, arguably encouraged by the wider US interest rate premium. The eurozone reported the one notable release this week earlier today. May retail sales fell by 0.7%, nearly offsetting in the full the cumulative monthly prints in the first four months of the year (0.9%). The June composite PMI rose to a three-month high, but consumption seems to be struggling, though that is a larger economic category than retail sales. The reason many economists expect the eurozone economy to have stagnated in Q2 after expanding by 0.6% in Q1 stems from less government spending not consumption. German factory orders disappointed before the weekend (-1.4% month-over-month vs 0.2% median forecast in Bloomberg survey), but the upward revision in the April series (1.6% from 0.6%) offered compensation. However, earlier today, German reported a 1.2% surge in May industrial output after a revised 1.6% decline in April (initially -1.4%). It rose by a cumulative 2.6% in Q1. CNY: The dollar held barely above CNH7.15 last week and in the recovery on the back of the employment data, reached about CNH7.1740. It has edged up to about CNH7.1785 today to take out the 20-day moving average for the first time in two weeks. The next nearby target is around CNH7.1925. The PBOC set the dollar's reference rate at CNY7.1506, a new low since last November (CNY7.1535 before the weekend and CNY7.1586 last Monday). This week's main economic report from China is Wednesday's price data. China may end a four-month period in which CPI had fallen on a year-over-year basis. It has been down 0.1% year-over-year, March through May, and may be flat in June. The disinflation in goods prices may not be so much a function of demand as it is over-investment and the market-share focused competition. The decline in food prices does not appear to have been triggered by a decline in demand. More assuredly than CPI ending a deflationary phase is that producer prices remain mired in its. The last time Chinese producer prices rose on a year-over-year basis was September 2022. Even if it moderates to -3.2% from -3.3% as the median forecast in Bloomberg's survey projects, it would be the second lowest print since July 2022. JPY: The dollar reached a five-day high against the Japanese yen after jump in US rates in response to the June US jobs report. The gains have been extended today to almost JPY145.50, to meet the 50% retracement (~JPY145.35) of the greenback's slide since the June 23 high. The next retracement (61.8%) is near JPY146. That seems reasonable provided the JPY143.50-65 support area holds. Ahead of the weekend, Japan reported a 4.7% year-over-year surge in household spending (-0.1% in April). It was nearly 4x more than the median forecast in Bloomberg's survey. Earlier today, Japan reported a disappointing 1% rise in labor cash earnings in May from a year ago. The median forecast in Bloomberg's survey was for a 2.4% rise. Last May they had risen by 2%. However, when adjusted for inflation, real earnings were 2.9% below May 2024, when they had fallen by 1.3%. Japan reports May's current account tomorrow. The May surplus is expected to have widened, as it has for four of the past five May's. That said, the trade deficit may have widened. The trade balance typically deteriorates in May (16 times in the past 20 years). The median forecast in Bloomberg's survey is for a JPY524.4 bln deficit after a JPY32.8 bln shortfall in April. The swaps market sees virtually no chance of a rate hike at the BOJ meeting at the end of the month and has about 12 bp of tightening discounted before the end of the year. GBP: Sterling peaked last week near $1.3790, the best level since October 2021. The political drama drove it slightly below $1.3565 a day later. This met the (50%) retracement objective (~$1.3580) of the rally from the June 23 low (~$1.3370). It consolidated in the last two sessions and has approached last week's lows today. The next retracement (61.8%) is closer to $1.3530, and provided it holds below the $1.3700 area, it seems to be a reasonable initial target. In an otherwise quiet economic diary for the UK, the highlight is the May GDP report at the end of the week. It follows a 0.3% contraction in April. Economists will be looking for confirmation that after a 0.7% quarterly expansion in Q1, UK growth slowed to around 0.2% in Q2. CAD: The greenback came within spitting distance of the year's low against the Canadian dollar set in mid-June near CAD1.3540. It reached nearly CAD1.3555, last week's low after the US jobs report on July 3. The US dollar stalled and recovered to about CAD1.3615 before the weekend. It has extended its gains into the CAD1.3685 area today. In the CAD1.3650-60 area, the greenback met the (38.2%) of the US dollar's fall since June 23 and the 20-day moving average. The (50%) retracement is a little above CAD1.3700. The Ivey PMI, on tap today, typically does not elicit much of a market reaction, and it will likely confirm what we already know. The Canadian economy is struggling and might have contracted in Q2. The data highlight of the week comes at the end in the way of the June jobs report. It will likely what a continued slowing of the labor market. Canada added about 60.5k jobs in the first five months of the year compared with a 165.5k in the Jan-May period last year. Of those jobs, almost 43k this year have been full-time positions. In the same year ago period, Canada added 55.5k full-time jobs. The unemployment rate has risen to 7% in May from 5.70% in January 2024 and 6.3% last May. AUD: The Australian dollar ran into determined sellers as it approached $0.6600 last week. It buckled today; taking out $0.6535 and nearing the (61.8%) retracement of its rally since the June 23 low found near $0.6480. The focus is on tomorrow's central bank decision. The futures market seemed fickle last Tuesday and Wednesday and shied away from a rate. However, confidence was regained in the last two sessions. A cut is nearly fully discounted again. A quarter-point cut brings the cash rate target to 3.60%. The futures market is pricing in a year-end rate near 3.05%. New Zealand's central bank meets on July 9. The swaps market sees about a 13% chance of a hike. If there is a surprise, it will be that the RBNZ cuts. It has already cut 100 bp this year, after 125 bp last year. Its cash rate target is 3.25%. Inflation looks stable at around 2.5% and growth looks to have slowed after the 0.8% quarterly expansion in Q1. The labor market is colling. Swaps are implying almost a 70% chance of a cut at the next meeting (August 20). The break of the $0.6030 area, last week's low and the (38.2%) of the rally from June 23 has already sent the New Zealand dollar through the (50%) retracement (~$0.6000) and targets the (6.18%) target near $0.5975. MXN: The US dollar recorded a bearish outside session despite the employment report and firmer US rates. It traded on both sides of Wednesday's range and settled below Wednesday's low. Follow-through selling before the weekend saw the greenback slip a little closer to the MXN18.60 target as it continued to fray the lower Bollinger Band (~MXN18.60 today). The next target on a break of MXN18.60 may be near MXN18.40. The dollar has come back bid today and it is trading near MXN18.73 in European turnover. Initial resistance is seen in the MXN18.80-83 area. Mexico starts the week with June auto/light truck production and export figures. May production rose by nearly 11% to 358.2k, leaving it off nearly 30% from May 2024. Yet the average through the first five months is nearly the same as the Jan-May 2024 period. In May, vehicle exports jumped almost 17.2% to 301.1k vehicles (yes, 84% of output was exported). Exports have fallen considerably less than production and are off 18% in the first five months year-over-year. The market will give more attention to the CPI. Headline and core most likely remained above the 4% upper end of the target range, but if it appears to be accelerating, it may boost the chances that after four half-point cuts, the central bank may stand pat at the next meeting on August 7. Disclaimer

Ethereum is trading above the $2,500 level, showing notable strength despite recent volatility across the broader crypto market. Since early May, ETH has been trapped in a consolidation range between $2,400 and $2,700, struggling to establish a clear trend as both bulls and bears wait for confirmation. However, recent price action suggests growing momentum, with bulls maintaining control above key support zones. Top analyst Carl Runefelt shared a technical analysis pointing to a decisive moment ahead for Ethereum. According to Runefelt, a breakout above the $2,700 resistance level is essential to ignite an impulsive move toward higher levels. Without that breakout, ETH risks remaining range-bound or revisiting lower demand zones. The current market structure, combined with positive sentiment surrounding altcoins and growing institutional interest in Ethereum, contributes to the optimism. Still, the coming days will be critical. A sustained move above $2,700 could open the door for a rally toward $3,000 and beyond, while failure to break out may delay Ethereum’s next major leg up. As Bitcoin trades just below its all-time highs, Ethereum’s next move could also determine the short-term trajectory for the altcoin market at large. Ethereum Leads Altcoin Recovery Altcoins have been stuck in a prolonged bear market since 2022, with many tokens still trading well below their all-time highs. Amid this challenging backdrop, Ethereum has emerged as the leader of a potential recovery. Since its April lows, ETH has more than doubled in price, surging over 100% and reclaiming key support levels above $2,500. This sharp rebound suggests that a new bullish phase for Ethereum—and potentially the broader altcoin market—could be in the early stages. However, the optimism is tempered by growing macroeconomic risks. Recent U.S. data has raised concerns about systemic fragility, with rising Treasury yields and persistent inflation fueling uncertainty across risk assets. Investors remain cautious as higher yields could limit liquidity flows into crypto, particularly into speculative altcoins. According to Carl Runefelt, Ethereum’s price structure is approaching a critical point. He highlights that ETH is currently trading within a rising wedge pattern—a bearish formation that often precedes a sharp pullback. Runefelt warns that if Ethereum fails to break decisively above the $2,700 resistance level soon, the price may reject and fall toward lower support, potentially leading to a drastic correction. For now, Ethereum remains range-bound between $2,400 and $2,700. A confirmed breakout above the upper boundary could fuel continued bullish momentum and trigger a broader altcoin rally. But failure to hold current levels, especially with bearish macro pressure building, could signal that the recent gains were a temporary relief rally. Ethereum’s next move will likely define the near-term direction for the entire altcoin sector. ETH Faces Key Resistance Amid Rising Momentum Ethereum is showing strength as it trades at $2,574.70, gaining over 2.2% in the last session. As shown in the 3-day chart, ETH has remained range-bound since early May, fluctuating between the $2,400 support and the $2,700 resistance. The latest move above the 50-day and 100-day simple moving averages (SMAs), currently at $2,226 and $2,644, respectively, signals growing bullish momentum. However, Ethereum still faces a significant challenge near the 200-day SMA, currently sitting at $2,791, right below the critical $2,800 liquidity level. The price has tested this resistance zone multiple times without success, suggesting that a strong breakout above $2,700–$2,800 is needed to initiate an impulsive move higher. Volume remains stable, and ETH’s ability to hold recent gains hints at continued accumulation, but a lack of decisive follow-through could signal buyer exhaustion. If bulls manage to reclaim $2,800, it would open the door toward $3,000 and confirm a breakout from the multi-month range. On the downside, a failure to hold $2,500 could trigger a drop back toward $2,400 or even $2,200 if broader market conditions deteriorate. For now, ETH remains in a pivotal zone, and its next major move will likely determine broader altcoin momentum. Featured image from Dall-E, chart from TradingView

Market participants were expecting an upbeat start to the week on the hope that trade deals might finally be announced as the Trump administration deadline of July 9 approaches. However, President Trump adopted a confrontational stance once more by announcing that the US will begin issuing tariff letters to countries as early as Monday. Most Read: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns There has been some mixed comments from the Trump administration though, with Commerce Secretary Lutnick saying tariffs are to take effect from August 1. Is this another case where the Trump administration will delay the implementation of tariffs or just miscommunication? I expect we will hear more as the day progresses. close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Support 237002347123212Resistance 240002414424340Follow Zain on Twitter/X for Additional Market News and Insights @zvawda 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.

Moonwell DeFi on Ethereum layer-2 Base layer-2 is booming. WELL crypto price jumps 12% as staking activity spikes 120%. Will WELL crypto roar to $0.045? In DeFi, users are sensitive to fees. For activity to thrive, transaction fees must be low, stable, and even lower, regardless of on-chain activity. Since its launch, Base, the Ethereum layer-2, has grown rapidly in total value locked (TVL). According to L2Beat, the platform now manages over $12.4 billion in assets. Among these, Moonwell, a decentralized money market similar to Aave, is trending for all the right reasons, ranking as one of the best cryptos to buy. (Source) DISCOVER: Best New Cryptocurrencies to Invest in 2025 WELL Crypto Soars 12%, Breaks Above a Key Liquidation Level On Sunday, WELL3 (No data), the governance token of the DeFi protocol, was among the top performers in the platform and DeFi as a whole. WELL crypto prices soared by nearly 12%, ending the week on a high note. The surge above $0.028 meant the token broke through last week’s local resistance and the second half of June 2025. WELL3PriceWELL324h7d30d1yAll time If buyers maintain momentum today, the trend will likely continue, lifting WELL prices to $0.035 and back to May 2025 highs of around $0.045. Currently, the candlestick arrangement from the daily chart favors buyers. Notably, the close above $0.028 on July 5 confirmed the bullish momentum from June 23. At this pace, WELL crypto is within a bullish breakout formation above the bull flag, and on the path of becoming the next crypto to explode. Staking Activity Jumps Behind this surge are encouraging developments. After the implementation of the MIP-X21 proposal in Q2 2025, the number of WELL stakers has risen sharply. As of April 1, 782.6 million WELL had been staked, but this number quickly jumped to 922.3 million WELL by May 10. Although it fell to 845.4 million WELL by May 31, over 50 million more WELL were staked during this period. (Source) On average, staking activity spiked by 120% on Optimism and Base. This increase was driven by a key change to Moonwell’s reserve factors. By default, this mechanism channels borrowing interest into reserves. A portion of the interest earned from borrowers goes into the protocol’s reserve. Impact of MIP-X21 After MIP-X21, the interest, charged in USDC, was used to accumulate WELL. As a result, automated reserve auctions allowed the protocol to buy more WELL from a portion of interest payments. The WELL tokens purchased were used to enhance rewards for its Safety Module, a mechanism designed to secure the protocol. This efficiency marked the first successful on-chain OEV auction on the Ethereum layer-2 OP Mainnet, surpassing traditional MEV systems that relied on off-chain relays. By capturing nearly all of a borrower’s liquidation value, Moonwell’s revenue has grown, strengthening its business model. DISCOVER: 7 High-Risk High-Reward Cryptos for 2025 Moonwell WELL Crypto Explodes, Staking Up 120% Moonwell DeFi protocol on Base is trending WELL crypto prices surged 12% on July 5 Moonwell staking activity shoots higher after MIP-X21 DeFi protocol captures 99% of the liquidation value The post Moonwell DeFi Explodes: Staking Up by Over 120%, Will WELL Crypto Token Follow? appeared first on 99Bitcoins.

Technical analyst Kevin, better known on X as @Kev_Capital_TA, rekindled debate over Dogecoin’s market structure on Sunday when he urged traders to ignore the “non-stop TA on DOGE for engagement purposes” and to concentrate on the two signals that have guided the meme-coin’s price for more than two years. “Not much has changed for Dogecoin here,” he wrote. “Don’t let the other analysts on this platform flood you with non stop TA on DOGE for engagement purposes. We know what to watch for here.” Dogecoin’s Fate Hinges On This Kevin’s view hinges on the weekly chart he posted on 26 June. At that time, Dogecoin (DOGE) was hovering near $0.166—and, according to his chart, sitting directly on an ascending support cluster that has defined every major move since the 2022 bear-market washout. “Looking at Dogecoin on the weekly time frame,” he said, “you can see that ever since the bear market breakout on the weekly RSI back in 2022, any time DOGE has hit that level again—which has happened five times now—Doge has gone on to see major bounces. A failure of this weekly RSI level along with a failure of the $0.143-$0.127 level would be the line in the sand between longer term bearish price action or continued bull.” The chart shows Dogecoin sitting just millimetres above a confluence of the green 0.382 Fibonacci retracement ($0.13778), the upper boundary of a falling trend line that has been in force since May 2021 and the weekly 200 SMA and EMA. Previously, Kevin stated via X: “Weekly 200 SMA and EMA are must holds for Dogecoin along with the macro .382 and down trending support.” Beneath lies the horizontal “line in the sand” at $0.143-$0.127—a zone Kevin has ring-fenced with bold yellow trend lines. Below the price pane, the weekly Relative Strength Index tells an equally focused story. Kevin has drawn a white band just above the 40-line; the yellow RSI profile has now tapped that band five times. Each tag coincided with a price trough circled in orange on the main chart. The oscillator’s simple moving average (plotted in magenta) has curled below 50 but remains above the 40-support, keeping the pattern intact. Overhead, Kevin’s chart maps a hierarchy of Fibonacci checkpoints: the 0.5 retracement at $0.18988 (red), the tightly stacked 0.618 ($0.26169) and 0.65 ($0.28548) (yellow), and the 0.786 ($0.41317) (blue). Two large violet supply boxes—one between $1.00 and $1.30 and another around $2.20 and $2.70—represent possible bull run targets. Kevin refrains from forecasting how quickly those zones might come into play, emphasising instead that holding the current support cluster is the single prerequisite for any higher-time-frame bullish thesis. The analyst also zoomed out to the broader digital-asset landscape in a Sunday follow-up. “The biggest moves for #Altcoins have yet to occur,” he argued, tying potential break-outs to macro-economic easing. “If the macro leads us to further easing and the market sniffs that out … then the ingredients will be in place for a massive move higher on Alts. Altcoins have always required the proper ingredients to make a sustained out-performance over #BTC for months. We’re closer than many understand; we just need a few more things to fall into place.” For now, Kevin’s message is stripped to its essentials: watch the weekly RSI band and the $0.143-$0.127 price shelf. As long as both survive, the chartist sees no reason to overhaul his structural bias—no matter how crowded the Dogecoin commentary stream becomes. At press time, DOGE traded at $0.172.

The XRP price has been holding on pretty tightly to its support level above $2.2 and continues to be a major level of pushback for the bears. This has shown that buyers are beginning to make a comeback at this level amid predictions that it will be the bounce point for the next rally. Regardless of this, a crypto analyst still believes that this support remains at risk as bears continue to push down on the price, and the result could be a major price crash from here. XRP Price Could Stage A Classic Bear Trap While there has been some recovery in the crypto market and, by extension, the XRP price, there has not been enough momentum to show that this is a sustained increase. This is something that crypto analyst MyCryptoParadise alludes to in their latest analysis, warning that it is possible that the digital asset might end up seeing a classic bear trap. The reason behind this is the fact that there have been a number of bearish developments on the XRP price chart that suggest that the price is likely to go down. For one, a Change of Character toward the more bearish side puts sellers in the lead, and this usually signals the start of a bearish downturn. Another development that has rocked the altcoin is an inverse Cup and Handle pattern that is still in the process of playing out. The crypto analyst also explained that these developments, in addition to the break below the key support trendline, suggest that a crash is coming for the XRP price. From here, bears are already applying pressure that could result in a 10% crash. This would push the cryptocurrency back toward the previous support, and according to the analyst’s chart, this lies just above the $2 level. What this means is that a crash from here also puts the altcoin at risk of falling below $2, something that would be incredibly bearish and could lead to freefall. Wait For Confirmation Before Moving MyCryptoParadise outlined that the best way to play this analysis is to wait for confirmation. With the bearish thesis, they explain that it is best to wait for the XRP price to see a “proper pullback” before they enter the market. This would increase the risk-to-reward ratio after the trend direction has been confirmed. However, there is also the possibility that the XRP price does not crash from here and that lies at the $2.28 level. The analyst explained that if the price is able to cleanly break above this level and make a successful close above $2.28, then it would invalidate the bearish thesis and mark a continuation of the uptrend. “In such a case, it’s better to stay patient and wait for clearer price action before making any decisions,” the analyst said.