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Shiba Inu’s exchange reserves have hit a new low, the lowest level since 2023, providing a bullish outlook for the top meme coin. Based on this development, SHIB looks well primed for a parabolic rally, which could happen soon. Shiba Inu’s Exchange Reserves Hit Lowest Level Since 2023 CryptoQuant data shows that Shiba Inu’s exchange reserves have dropped to their lowest level since January 2023. This metric refers to the amount of SHIB that is held in wallets linked to crypto exchanges. As such, the drop in these reserves indicates that there has been a massive accumulation by whales who have been moving coins to cold storage for long-term holding. This development is significant as a price surge could follow, with Shiba Inu rallying to new highs. In 2023, as the exchange reserves began to decline, SHIB witnessed a God candle, which sent its price above the psychological $0.00003 level. The meme coin surged from a low of around $0.000007 back then. IntoTheBlock data also shows that Shiba Inu whales are back to accumulating SHIB, which could spark this rally as demand outweighs supply. Over the last week, SHIB’s largest transactions have been steadily climbing from the lows recorded in June when the meme coin fell to the support level at $0.000010. It is also worth noting that Shiba Inu’s correlation with Bitcoin is 0.92, indicating a strong positive correlation between the two assets. As such, the meme coin could also skyrocket as the leading crypto targets new all-time highs (ATHs). BTC is looking to reclaim the $120,000 psychological level, a development which could help SHIB maintain its momentum as it rallies towards $0.000020. Another Rally To $0.000030 In Sight For SHIB In an X post, crypto analyst Javon Marks confirmed that Shiba Inu is eyeing another rally to $0.000030. He stated that in the short term and based on confirmed data, SHIB is expected to reach the $0.000032 level in response to a bullish divergence. The analyst noted that this move itself is over 135% and could only be the start of a larger bullish reversal. The analyst had earlier revealed that Shiba Inu had confirmed a clear bullish divergence on its Moving Average Convergence Divergence (MACD). Marks further remarked that this development points to a nearly 180% upside, which would send the meme coin back to around $0.000032. Meanwhile, crypto analyst Investing Haven also confirmed that the targets of $0.000044 to $0.000066 remain valid for the top meme coin. At the time of writing, the Shiba Inu price is trading at around $0.00001439, up over 5% in the last 24 hours, according to data from CoinMarketCap.

The most traded Forex pair hasn't disappointed traders in terms of trends and volatility throughout 2025. Going from 1.02 to 1.18 highs in 7 months, there had been some decisive momentum to participate with as this strong buying took the Euro to highs unseen since 2021. The geopolitical mishandles from the Trump Administration earlier this year had led to European leaders putting back the Euro unification back on the table. After some major deals were announced from Germany and other Euro Nations, the Euro started its ascent. to up 15% on the year at one point. This theme got accompanied with general lack of confidence from the Trump Administration which led to some major US Dollar selling and financial flows rewiring. But, it seems today that markets are taking profits on these trends, leading to some intermediate tops in the Pair currently – Let's take a look at EURUSD Technicals to spot if there is any elements to help us see if the flows have really shifted or not. Read More: Ethereum takes the hand as Bitcoin finds its local top 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.

Pakistan and El Salvador have initiated a diplomatic alliance that puts crypto first. It’s the latest in a global shift to improving crypto regulation and adoption. Crypto is the ultimate winner here, and that includes the best crypto presales. On July 16, El Salvador’s President Nayib Bukele met with Bilal bin Saqib, Pakistan Crypto Council (PCC) CEO and Minister of State for Crypto and Blockchain. Among the topics discussed were Bitcoin mining and energy resources, strategic Bitcoin reserves, and $BTC education. The result, as reported by Business Recorder, was the signing of a Letter of Intent to establish a formal framework of collaboration between El Salvador’s Bitcoin Office and the PCC. Leading the Bitcoin Charge Why is this meeting making headlines? Well, in 2021, El Salvador became the first country in the world to adopt Bitcoin as a legal currency. Government policy also includes buying $BTC and, as of end-2024, it had amassed more than 5.9K Bitcoins. In other words, El Salvador is very crypto-friendly, and it was the first to set a trend that many governments, including Pakistan and the US, are finally beginning to follow. Pakistan, for its part, has been making definitive moves towards digital asset adoption. This strategic move is set to strengthen Pakistan’s already-growing crypto market. “The country ranks among the top in global crypto adoption, with an estimated $300B in annual crypto transactions and 25M active crypto users,” according to Pakistan’s Finance Ministry. Pakistan sits at the number nine spot in Chainanalysis’ 2024 Global Crypto Adoption Index, out of 151 nations. So far, 2025 has proven to be a busy year for Pakistan’s crypto strategy. In early May, it appointed Saqib to head the newly formed PCC. Around the same time, it also announced a national initiative to power Bitcoin mining and AI data centers by allocating 2 gigawatts of electricity. That was in addition to launching its first government-backed Strategic Bitcoin Reserve, signaling long-term crypto commitment and aiming to attract global investment. Also in May, the government established the Pakistan Digital Assets Authority (PDAA). It’s the PCC’s CEO, however, who’s actively taking the lead in making Pakistan the crypto capital of South Asia. Saqib’s responsibilities include driving efforts to regulate crypto under FATF guidelines, launching national $BTC mining, integrating blockchain across sectors, licensing Virtual Asset Service Providers, and growing Pakistan’s Web3 ecosystem. “Pakistan is done sitting on the sidelines. We want to have regulatory clarity. We need to have a legal framework that is pro-business,” Saqib told Bloomberg earlier this year. “We need institutional adoption. We want banks, we want other enterprises to integrate with blockchain and not fight it. We want Pakistan to be a leader in blockchain-powered finance, and we want to attract international investment.” Crypto Boost To Benefit Presales Wider global adoption of crypto is great for the market. Case in point is the $BTC price, which hit an ATH last week, peaking at $123K just three days ago. It’s not just Bitcoin and little brother Ethereum that are reaping the rewards of widespread adoption. While institutional investors generally favor those two, smaller-cap altcoins have become the go-to for retail investors, according to a recent Wintermute report. With altcoin season about to hit, this segment is one to watch. That goes for the best presale altcoins too. Early-bird investment means buying in at a low cost, with potentially explosive gains down the line. Here’s a quick look at three in particular worth considering. 1. Bitcoin Hyper ($HYPER) – Unleashes the Power of Bitcoin With an L2 When it comes to blockchain security, nothing beats Bitcoin’s. But high transaction fees and a lack of scalability are issues that put many traders off. That’s where Bitcoin Hyper ($HYPER) steps up to the plate. It is introducing an innovative Bitcoin Layer-2 (L2) ecosystem that eradicates Bitcoin’s unpleasantries. Integrating the Solana Virtual Machine, $HYPER brings lower transaction costs and sub-second execution to the equation. That alone deserves a round of applause. But hold that thought, because it also introduces cross-chain compatibility, opening the door to meme coins, dApps, and DeFi. Three cheers all round. By the way, we took a look at $HYPER’s tokenomics and we liked what we saw. Of the total token supply of 21B, 30% is allocated to product development. That’s good, because this project will need to evolve if it wants to make good on its promise of scalability. Investor interest in this presale has also been strong, with $3.16M+ already raised. No doubt the concept of a Bitcoin L2 is driving that interest, but high staking rewards definitely sweeten the deal. Right now, you can buy $HYPER for $0.0123 – and stake it for 285% APY. Impressive, no? Discover how to purchase and stake your $HYPER in our guide to buying Bitcoin Hyper. Don’t wait too long, though. Presale prices go up in stages, and the $HYPER price will increase tomorrow. 2. Best Wallet Token ($BEST) – Backing Global Crypto Wallet Market Domination With both institutional and retail investment in crypto booming, that means good news for the crypto wallet market, too. It’s already a very lucrative segment, and one that’s set for exponential growth as crypto becomes more widely adopted. That puts the Best Wallet Token ($BEST) in an excellent position. That’s because it’s the presale token driving the Best Wallet app’s mission to dominate 40% of the global crypto wallet market by the end of next year. Best Wallet stands an excellent chance of making good on its goal. As a leading crypto wallet, it’s a no-KYC, non-custodial, multi-chain, and multi-currency hot wallet designed for crypto newbies and pros alike. And now $BEST is powering additional features and benefits for holders. Holding $BEST means lower transaction costs and higher staking rewards. You also enjoy governance rights, meaning you can have your say in the project’s direction and future features. What’s more, you can also buy the top presale tokens directly from the Best Wallet app. That, by the way, is an industry first. With $13.96M+ already in the $BEST kitty, this presale is going strong. Find out how to buy $BEST today for $0.025345 – and stake it for 98% APY rewards – by checking out our guide to buying Best Wallet Token. 3. Lightchain AI ($LCAI) – A Fusion of Blockchain and AI for Next-Gen Apps. Lightchain AI (LCAI) is the token behind a decentralized system that will fuse blockchain and AI to power next-gen apps. At its core is the AI Virtual Machine (AIVM), which is designed for AI task execution, and a Proof of Intelligence mechanism that incentivizes valuable computing work. By tackling key issues like scalability, trust, and data privacy, Lightchain AI will deliver a fair and secure environment for both users and developers, using blockchain transparency and AI strength to support dApps that solve real-world problems. The presale has already raised $21.77M+, and Stage 15 of the $LCAI presale was recently completed. The project has now launched a final Bonus Round ahead of its mainnet launch. That means one last chance to buy $LCA at the fixed presale price of $0.007125. ‘Tis the Season To Be Jolly Bullish sentiment abounds as more governments and institutions warm towards crypto. And that’s not only good for the crypto OGs – presale tokens are also coming along for the ride. However, whether $HYPER, $BEST, or $LCAI – or any crypto for that matter – has caught your attention, please be sure to always DYOR first. Knowledge is your best investment strategy to help lower your risk.

Windtree Therapeutics (WINT), a biotech company dedicated to developing therapies for critical health conditions, has announced a significant partnership with Build and Build Corporation. The two companies revealed a $200 million securities purchase agreement aimed at establishing a Binance Coin (BNB) treasury. First NASDAQ-Listed Company Offering Direct BNB Exposure Under the terms of this agreement, Windtree has the potential to secure an additional $140 million in gross proceeds through future subscriptions, which would bring total subscriptions to $200 million. The funds—expected to come in the form of cash, shares of Osprey BNB Chain Trust, and BNB tokens—will primarily be utilized to implement a BNB crypto treasury strategy. This, according to the firm’s official announcement, positions Windtree as a pioneer in the BNB digital asset space, aiming to be the first NASDAQ-listed company to provide direct exposure to the BNB token, which currently ranks as the fifth-largest blockchain by market capitalization. The initiative reportedly addresses a pressing need for both retail and institutional investors seeking regulated access to the Binance ecosystem, one of the leading ecosystems in the digital asset industry. The Most Liquid Crypto Exchange Token? The firm also praised the Binance ecosystem, anchored by one of the world’s largest cryptocurrency exchanges. Windtree also considered the growing metrics of the token, noting that BNB boasts average daily trading volumes exceeding $2 billion, making it the largest and most liquid crypto exchange token globally. Patrick Horsman, CFA and Director of Build & Build Corp, expressed enthusiasm about the partnership, stating: We are thrilled to propose a groundbreaking BNB strategy to the US market. This innovative solution will offer investors targeted exposure to Binance and BNB, addressing what we believe to be a critical gap in the US investment landscape. The Binance Smart Chain supports swift, low-cost transactions and fosters a thriving decentralized finance (DeFi) ecosystem that includes thousands of decentralized applications (dApps) and millions of users. With a dominant market share in Asia, Windtree asserts that Binance and its ecosystem are poised for significant growth in both global and US markets. Jed Latkin, Chief Executive Officer of Windtree, emphasized the importance of this transaction, noting: Today marks a pivotal moment for Windtree. This transaction secures up to $200 million from institutional investors, offering our shareholders a unique opportunity to gain exposure to a BNB-focused crypto treasury strategy. At the time of writing, Binance Coin is trading at $717, having registered significant gains of 9% and 10% over the past fourteen days and one month, respectively. Despite this recovery, the token is still trading 8.6% below its record price of $788, which was reached during last December’s rally. Featured image from DALL-E, chart from TradingView.com

US Retail Sales June (MoM): 0.6% vs 0.1% expected, beat of +0.5%US Retail Sales June (YoY): 3.9% vs 3.6% expected, beat of +0.3%US Retail Sales Control Group June (MoM): 0.5% vs 0.3% expected, beat of +0.2%US Retail Sales ex. Gas/Autos June (MoM): 0.6% vs 0.1% expected, beat of +0.5%US Retail Sales ex. Autos June (MoM): 0.5% vs. 0.3% expected, beat of +0.2% Updates to follow Read more coverage from today: Silver XAG/USD poised for further upside, having cooled from multi-year highs 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.

REZ crypto surged 70% in two days, extending gains from mid-July. Renzo taps into EigenLayer, changing the liquidity restaking game on Ethereum and Solana. The total crypto market cap is steadily approaching the $4 trillion mark, with Bitcoin remaining the most dominant, commanding a 61% market share. This high liquidity means prices don’t move as quickly, though the digital gold has surged in the past week. With Bitcoin rallying, some of the best altcoins to buy have emerged. REZ Crypto Spikes 70% in 2 Days Over the past 24 hours, Renzo has been among the top performers, jumping 10%, extending its two-day gains to nearly 70%. The token is currently in a bullish breakout formation, decisively surpassing June 2025 highs and heading toward $0.020, targeting Q2 2025 highs. Buyers are in a strong position and may push REZ (No data) crypto to be among the next cryptos to explode. Despite a pullback yesterday that reversed some gains, trading volume is rising, building on the July 15 momentum. This leg up also confirms gains from July 8 to July 11, when REZ crypto added 122% before retracing. REZPriceREZ24h7d30d1yAll time Although House Speaker Mike Johnson canceled yesterday’s remaining floor votes due to opposition from some Republicans, there is strong hope that the GENIUS Act will eventually pass. Congress voted to allow debate on the bill’s details, with Donald Trump posting on TruthSocial that he was in the Oval Office with 11 of the 12 Congress members needed to pass the act. EXPLORE: 20+ Next Crypto to Explode in 2025 What Is Renzo? The passing of the GENIUS and CLARITY Acts would be transformative for Ethereum, where the Renzo protocol plays a key role in securing the mainnet. Renzo is a liquid restaking protocol for Ethereum and Solana. It simplifies, flexibilizes, and enhances the interoperability and rewards of ETH and SOL staking on their mainnets. The platform leverages EigenLayer, allowing users to deposit ETH or liquid staking tokens like stETH to receive a liquid restaking token (LRT). The LRT represents a share of staked assets and auto-compounds staking and restaking rewards. Crucially, the token is tradable, enabling users to engage in DeFi activities while earning yields from Ethereum or Solana mainnets and EigenLayer’s Actively Validated Services (AVS). Renzo also supports EigenLayer AVS security by managing node operators and user strategies. DISCOVER: Top Solana Meme Coins to Buy in July 2025 Why Is REZ Rallying? The REZ crypto surge is driven by technical candlestick patterns and fundamental developments. The potential passage of the GENIUS Act is likely to boost activity on Ethereum and Solana, directly benefiting liquid restaking protocols like Renzo. Additionally, Renzo has capitalized on EigenLayer’s initiatives. After introducing slashing in April, EigenLayer recently launched Flow Vaults with contributions from Renzo and Concrete. The buyback program reduces the circulating supply, creating upward price pressure if demand spikes. DISCOVER: 17 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis REZ Crypto Jumps 70% in 2 Days: What Is Renzo? REZ crypto is up 70% in two days Renzo is a liquidity restaking platform for Ethereum and Solana GENIUS Act passing is a boon for Ethereum and Solana EigenLayer Flow Vaults boosting REZ demand The post REZ Crypto Jumps 70% in 2 Days: What Is Renzo? Why Is It Rallying? appeared first on 99Bitcoins.

Renowned crypto analyst Josh Olszewicz has declared what many crypto traders have long been waiting for: Altcoin Season has officially begun. In a market breakdown released on July 16, Olszewicz dismissed any lingering doubt about the current market structure, arguing that the conditions for outsized altcoin performance are firmly in place. Crypto Alert: Altcoin Season Is Here “For years, you’ve had people telling you, ‘It’s an alt season.’ The funny thing is, when alt season is actually here, you don’t need anybody to tell you—it’s obvious,” Olszewicz said, emphasizing that current price action across major alts and risk assets leaves little room for ambiguity. According to Olszewicz, Bitcoin remains the backbone of the crypto market, consolidating near $120,000 at the yearly pivot with “plenty of room to go” on technicals. He acknowledged that BTC’s strength underpins the entire market cycle, but the focus has shifted to the explosive moves underway in altcoins. “Let’s be honest—you’re here because you want to outperform BTC by 2x to 5x. That’s the goal,” he said. Ethereum sits at the center of this rotation, breaking out decisively from $2,200 to above $3,200. “ETH has had quite the breakout. It’s above the next pivot at $3,200. I don’t need the cloud to tell me this is bullish,” Olszewicz noted, pointing to technical tailwinds and regulatory clarity surrounding staking and ETFs as additional catalysts. While ETH advocates have renewed confidence, Olszewicz cautioned against overconfidence: “Be careful drinking the Kool-Aid. ETH could go to $10K, but I think it’ll struggle at $5K. For July, $4K looks realistic—but that’s already nearly 4x from the April bottom.” The analyst also flagged Solana as a key player for those who missed the early moves in BTC and ETH. “Sol is starting to look better and better here, approaching the yearly pivot. If it breaks above $177, watch out,” he said, although he warned that the SOL/ETH chart still shows weakness. Other strong setups include Sui, Avalanche, and meme coins like Dogecoin and Pepe, which have already logged triple-digit percentage gains in recent weeks from their respective bottom. Still, Olszewicz urged traders to temper expectations for an uninterrupted melt-up. Historically, August and September have been weaker months for crypto, and he anticipates potential sharp corrections in alts. “Maybe we don’t see huge continuation in those months. We could even get negative 25% days on alts—just randomly, for whatever reason. You know that’s coming,” he said. Despite these caveats, the broader outlook remains decisively bullish. “It’s hard to throw a dart and miss at this point in the market. Everything looks good. If you’re in positions that aren’t working here, you need to ask yourself why,” Olszewicz added. He highlighted that even NFTs, long considered a proxy for speculative appetite, are surging again, with collections like Pudgy Penguins and Bored Apes seeing multi-week highs. As for the much-debated ETH/BTC pair, Olszewicz reminded traders that relative value matters. “This is why everyone came here—for this chart. We’re still far below the cloud, at levels last seen in 2020. The target for mean reversion is 0.038. Until ETH/BTC is above the weekly cloud, don’t get carried away with the ETH-maxi stuff,” he said, adding that the long-term bear trend could persist into 2026 despite short-term strength. Olszewicz closed with a note of caution for overleveraged traders. “This is a marathon, not a sprint. Don’t lose your shirt on 50x leverage when there’s so much market left to trade,” he warned. With total altcoin market capitalization approaching critical resistance near $1.5 trillion and sentiment flashing risk-on across the board, the message from one of crypto’s most followed analysts is clear: Altcoin Season isn’t coming—it’s already here. At press time, the total crypto market cap surged to 3.75 trillion.

Crypto exchange Coinbase has launched a new initiative with its “Base App,” aiming to broaden access to the crypto economy. Unveiled on Wednesday, this application replaces the Coinbase Wallet and is designed to merge various functionalities, including wallet, trading, payments, messaging, and social media. Built on Coinbase’s proprietary blockchain network, Base, which operates on the Ethereum (ETH) blockchain, the app reportedly seeks to attract a wider audience beyond traditional cryptocurrency enthusiasts. Base App Launch According to CNBC, the Base App represents an opportunity to reach consumers who may not be primarily interested in buying or trading cryptocurrencies—a critical pivot given the company’s past over-reliance on trading revenues. To support the launch of the Base App, Coinbase introduced two significant features: Base Account, an identity verification system, and Base Pay, an express checkout tool designed for payments using the Circle-issued USDC stablecoin. During the unveiling event, Alex Danco, a product manager at Shopify, highlighted that “tens of thousands” of merchants can now utilize this feature, with plans for a broader rollout in the coming months. Additionally, Shopify intends to offer 1% cash back on USDC payments made through Base, further incentivizing usage. While initial enthusiasm for the Base network has primarily attracted developers and builders, notable interest is growing among larger financial entities. Recently, JPMorgan announced its plan to launch a deposit token on the Base blockchain, showcasing the network’s potential. Ambitious Goals For Coinbase The Base App is designed to enhance monetization options and greater control over their identity and data. As part of this initiative, Coinbase plans to fund creator rewards and waive USDC transaction fees within chat features, although significant revenue generation is not expected immediately. This launch comes at a time when the broader cryptocurrency industry is experiencing a surge in new products, driven by favorable policies from the Trump administration and anticipated regulatory clarity from Congress. Last month, Coinbase made headlines with the introduction of its first credit card in partnership with American Express, while Shopify rolled out USDC-powered payment solutions through Coinbase and Stripe. Coinbase CEO Brian Armstrong has expressed ambitious goals for the company, aiming to position USDC as the world’s leading stablecoin, currently dominated by Tether’s USDT. He also envisions transforming Coinbase into the premier financial services app globally within the next five to ten years. As of writing, the exchange’s stock, COIN, is trading at $398, slightly down from its all-time high of $405, which was reached earlier in Wednesday’s trading session. Bitcoin (BTC) and other major cryptocurrencies have also shown significant bullish momentum, with prices reaching new records or levels not seen since earlier in the year. Featured image from DALL-E, chart from TradingView.com

The Australian dollar is sharply lower on Thursday. In the European session, AUD/USD is trading at 0.6467, down 0.93% on the day. Earlier, the Australian dollar fell as low as 0.6461, its lowest level since June 24. Australian job growth slides, unemployment jumps Australia's June employment report was much softer than expected and investors responded by sending the Australian to a three-week low. Job growth showed a marginal gain of two thousand, following a revised -1.1 thousand in May and well off the market estimate of 20 thousand. Full time employment slid by 38.2 thousand, after a revised gain of 41.9 thousand in May. The unemployment rate, which had held at 4.1% for five consecutive months, jumped to 4.3%, the highest jobless rate since Nov. 2021. 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.

Asian Market Wrap - Citi Upgrade China Equities to Overweight The Dollar regained some ground on Thursday as Treasury yields rose after a chaotic session driven by speculation about Fed Chair Powell’s future. The Dollar strengthened against all major currencies, continuing its rally this month. The Yen dropped to 148.51 per Dollar, with some experts predicting it could fall below 150. S&P 500 futures dipped 0.2% after U.S. stocks rallied when Trump downplayed firing Powell. Treasury yields rose, with 10-year rates up two basis points to 4.47%. Asian stocks traded in a tight range. close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Support 240002370023471Resistance 243352450024645Follow 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.

Burgundy Diamond Mines (ASX: BDM), has halted open pit operations at Point Lake within its Ekati diamond mine in Canada’s Northwest Territories, resulting in the layoff of hundreds of workers and contractors. The company, which went on trading halt on Wednesday, cited poor market conditions as the reason for halting operations. Communications manager Ariella Calin told CBC News that the ongoing downturn in the diamond market has rendered the Point Lake project “sub-economic.” The site will be placed under care and maintenance to allow for a rapid restart should market conditions improve, Calin said. Operations will continue at Ekati’s Misery underground mine, located roughly two kilometres from Point Lake. Burgundy acquired Ekati in March 2023 through its $136-million purchase of Arctic Canadian Diamond. Since then, it has grappled with mounting financial pressure amid a downturn in the global diamond market. Earlier this year, Burgundy said it would focus on achieving “financial flexibility” in 2025, including steps to ensure adequate working capital. The company has also undergone significant leadership changes, including the retirement of chief executive officer Kim Truter in May. He was succeeded by Jeremy King. Ekati reached a major milestone in 2024, surpassing 100 million carats produced and sold over its 26-year history. Still, the trading halt comes at a critical time for the region’s diamond industry. All three active diamond mines in NWT face face eventual shutdowns. Rio Tinto’s (ASX, LON, NYSE: RIO) Diavik mine is scheduled to close in 2026, while De Beers’ Gahcho Kué mine is expected to operate until 2030. Ekati’s long-term future remains uncertain. The mines are located hundreds of kilometres northeast of Yellowknife and are accessible only by air or seasonal winter roads. A recent report by research firm Impact Economics warns that mine closures could cost the territory 1,500 jobs and prompt more than 1,100 residents to leave. Burgundy continues in trading halt until the publication of an official update on the matter.

FLOKI crypto has emerged as one of the top gainers on CoinGecko over the past 24 hours. It is trending alongside major cryptocurrencies such as Ethereum (ETH), Bonk (BONK), and Pump.fun (PUMP) after a +30% surge in price overnight. This increase in price for FLOKI crypto aligns with the overall strong performance of the cryptocurrency market, which currently has a total market cap of $3.8 trillion, and the FLOKI market cap is approximately $1.2 billion. (SOURCE) Valhalla Game Behind Surging Demand For Floki Crypto The overall positive sentiment in the global cryptocurrency market has contributed to FLOKI’s recent surge, particularly following the launch of the Valhalla play-to-earn game on opBNB, as reported by BanklessTimes. In just over two weeks, the game has processed over 1 million transactions and minted more than 125,000 NFTs. This level of activity suggests a shift from mere meme-driven hype to genuine utility, which can support long-term demand. With additional NFT integrations and in-game token use cases on the horizon, the FLOKI ecosystem is laying the groundwork for a stronger and more sustainable environment. This utility-driven approach aligns with a growing trend in the meme coin sector, where investors are increasingly seeking meme coins that offer practical applications. Floki Makes History As The First Digital Asset To Have A MiCAR Compliant White Paper FLOKI surged over 30% overnight after breaking out of a Falling Wedge pattern. A liquidity grab is indicated at around $0.00027, suggesting another potential move of +100% in the short term. In hindsight, the breakout was evident, as FLOKI spent a week maintaining support on a 1-day timeframe. It now appears that there will not be any pullbacks toward the $0.0001 level. Following this recent price surge, Floki is currently trading at approximately $0.00013, with a market capitalization exceeding $1.2 billion. Despite the recent bullish price action, FLOKI is still approximately 60% down from its all-time high of $0.000344, highlighting the potential for significant upside if FLOKI can reach those previous highs. One thing standing in the way of FLOKI reclaiming those highs is a heavy sell wall at $0.000143. If this area can be breached, there is a free run toward $0.00028, which represents the next resistance level. With the bullish uptrend on the Floki crypto chart, coupled with the project’s ongoing release of products, it seems a foregone conclusion that during this cycle, FLOKI will reach a new all-time high. EXPLORE: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post FLOKI Crypto Surges +30% Overnight: The Dog Memecoin Owing The Success Of Its Valhalla Game appeared first on 99Bitcoins.

Swedish Refine Group just shook things up. On the 16th of July 2025, the Stockholm-based digital commerce firm dropped a $1 million Bitcoin treasury play and launched a “Digital Assets” division to ride the crypto wave. They didn’t just buy BTC ▲0.20%, but they reshaped their whole cap table. By issuing new shares at a discount, Refine pulled in 10 million SEK, diluted existing holders by 45%, and brought Caldas Capital into the driver’s seat. Welcome to the Bitcoin per Share era. BitcoinPriceMarket CapBTC$2.37T24h7d30d1yAll time Refine’s Group Bitcoin Bet: A High-Stakes Treasury Shift With Web3 Ambitions Swedish Refine Group dived into the world of Bitcoin. The company announced a new treasury strategy with plans to hold BTC as a core asset. Aiming to diversify away from fiat and position itself in the web3 ecosystem. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now The company’s future now faces Bitcoin’s price volatility. If BTC moons, shareholders win big. If not, Refine may find itself answering tough questions. Either way, the company has made its stance clear. Building in the digital future, not just watching from the sidelines. Shareholders Shake-Up: Dilution Discounts and a Strategic Power Move Pulling off a Bitcoin treasury pivot doesn’t come cheap, and Refine funded its move by reshaping its cap structure. The firm issued 54,37 million new shares at 0.1839 SEK each, a 20% discount from the 7-day average weighted price. This boosted the total number of shares from 67,5 million to nearly 122 million, triggering more than 80% dilution for existing holders. That is a full-scale capital realignment, and it brought in a new power player. Caldas Capital, led by João Caldas, is now the company’s largest shareholder. (SOURCE) This isn’t just about one BTC buy, we are talking about a vote of confidence in Refine’s digital direction. Caldas Capital stepping in sends a message that institutional players see long-term upside in Bitcoin-backed treasury models, especially in tech-forward Nordic markets. The share capital jumped from 6,75M SEK to 12,19M SEK, giving Refine the firepower to raise the bar. With more expectations, especially from a now-wider pool of investors. For current shareholders, this move is a double-edged sword. On one hand,d they’re getting exposure to Bitcoin via equity without having to touch cold wallets. On the other hand, their slice of the pie just shrank by nearly half. Bitcoin per Share metric right now soothes some nerves, but it doesn’t erase dilution. Still, if Bitcoin rallies and Refine leverages its new alliance well, today’s pain could mean tomorrow’s upside. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Refine Group adds $1 million in Bitcoin to their portfolio. Caldas Capital biggest shareholder in the Refine Group. The post Swedish Refine Group Follows In Strategy’s Footsteps: Initiates $1M Bitcoin Treasury Strategy appeared first on 99Bitcoins.

Overview: A natural experiment of sorts unfolded yesterday. Heightened speculation, fanned in part by the White House itself, that after several threats, President Trump was going to fire Fed Chair Powell. Short-term rates fell but the curve steepened, the greenback sold off sharply, and stocks skidded lower. The main narrative is that seeing the carnage, like in early April, spurred the president to deny such intentions and the markets recovered even if not fully. The dollar has come back bid today but mostly inside yesterday's wide ranges. While both the UK and Australia reported disappointing employment data, sterling is the best performer in the G10, sporting a minor loss, while the Aussie has fallen to a new low for the month (~$0.6460). The greenback is firmer against most emerging market currencies, as well, and that includes the Chinese yuan, despite the PBOC setting the dollar's reference rate at its lowest level since early last November. Equities are firmer. Most of the large bourses in Asia Pacific rose today, with the notable exceptions of Hong Kong and India. Europe's Stoxx 600 is snapping a four-day decline, and US index futures are posting small gains. Bond markets are mostly firmer, though the disappointing Australian labor report saw the 10-year yield tumble five basis points. Benchmark 10-year yields are 1-2 bp higher in Europe, including the UK Gilts. The 10-year US Treasury yield is up slightly to about 4.46%. Gold has surrendered the lion's share of yesterday's gains and looks poised to challenge the lows from Tuesday and Wednesday (~$3319-$3320). August WTI is consolidating quietly in a roughly $66.30-$67.00 range. USD: The Dollar Index reached 98.90 in early North American trading yesterday before the speculation that Fed Chair Powell was about to be fired saw it reverse lower and fall to about 97.70, where the 20-day moving average is found. On Trump's denial, the Dollar Index recovered met the (61.8%) retracement of the drop, reaching ~98.50, which is also near the low seen in European turnover earlier Wednesday. It extended the recovery today to 98.80, leaving yesterday's high intact so far. The US has a packed economic diary today. First up are June retail sales. A small rise is expected after the first back-to-back decline since Oct-Nov 2023. Retail sales are a subset of consumption and real personal spending was flat in Q1 (4.4% annualized in Q4 24) and is contracting in Q2 with April and May data in hand. At the same time, June import and export prices will be reported. The Trump administration maintains there is not imported inflation, and we should not believe our lying eyes. Import prices rose at an annualized rate of less than 0.5% in Q1 after a 1.2% annualized rate in Q4 24. However, a 0.3% increase that the median economist forecast in Bloomberg's survey would translate into a 1.6% annualized rate in Q2. And this was partly evident in the CPI data that has already been released. Weekly jobless claims are due at the same time. They have fallen for the past four weeks, but are expected to have risen in the week ending July 12, which covers the week that nonfarm payrolls surveys are conducted. Business inventories may also draw more attention than usual. Many observers are concerned that after building inventories in Q1 25, businesses are thought to be drawing them down now. When this process is completed, many expected businesses to raise prices. Business inventories rose at an annual rate of 2.8%. They were flat in April, and are expected to be flat in May, too. Late today, the May TIC data will be reported. Despite the mainstream narrative's emphasis on the loss of American exceptionalism, and that lack of demand for US assets, the TIC data has shown a significantly different story. It showed that foreign investors bought a net $433 bln of US stocks and bonds in the first four months of this year compared with a little more than $28 bln in the first four months of 2024. EURO: It took the White House trial balloon of firing Fed Chair Powell to halt the euro's five-day slide. Initially, like on Tuesday, North American participants showed their hand earlier to buy US dollars, even though the PPI was softer than expected. The euro was sold slightly through $1.1565, its lowest level since June 23. When news hit about Trump asking a closed-door session of Republican representative about firing Powell on Tuesday, and reportedly was encouraged to do so, and followed by an unnamed White House official saying it was going to happen, and a national newspaper reportedly claiming a letter to dismiss Powell had already been drafted, the euro rallied to $1.1720, a four-day high. Catching North American dealers wrongfooted may have exacerbated the move. When the White House walked back from the story, the euro pulled back to about $1.1610. The pullback was extended today to slightly below $1.1575, slightly above yesterday's low, before catching a bid in early European turnover to probe above $1.1600. CNY: The dollar traded above CNH7.19 briefly and barely yesterday for the first time since June 23. In the carnage, the greenback fell to new session lows, slightly below CNH7.17. It settled a little below CNH7.18. The technical picture has not changed, and the trend is sideways. It is trading quietly today between about CNH7.1780-CNH7.1865. The PBOC set the dollar's reference rate at CNY1.1461 (CNY7.1526 yesterday). This is the lowest dollar fix since early last November, and the lower fix today, the first this week, offsets in the full the small higher settings seen in the last three sessions. There seems to a consensus emerging that China is going to be one of the biggest beneficiaries of the disruption spurred by the Trump administration. In places, it is pulling back, China's is pushing ahead. It got access to Nvidia AI chips and other technology in exchange Beijing promising to maintain what it had been doing until very recently and that is provide rare earths and magnets to global manufacturers. China's dominance of the production and intellectual property (and extend the argument to drones and EV batteries) will give pricing power that will discourage private foreign producers. Moreover, in those areas, and others, in a reversal of fortune, China is worried about the theft of its IP. JPY: The dollar reached almost JPY149.20 before reversing lower on the broad sell-off in the North American morning. It was sold slightly through JPY147 before stabilizing. On the rebound, the greenback recovered to almost JPY148.40, which was around the session lows in local trading and in Europe. The dollar found bids near JPY147.75 and recovered to around JPY148.80. There is a strong seasonal bias toward improvement in Japan's trade balance in June (failed to do so only once in the past 20 years), and this year is not an exception. May's nearly JPY639 bln trade deficit swung to a JPY153 bln surplus in June. In H1 24, Japan reported a cumulative trade deficit of JPY3.37 trillion. In H1 25 and a JPY2.22 trillion deficit. Separately, the MoF weekly portfolio flow data show Japanese investors have stepped up their purchases of foreign stocks and bonds this year compared with last year. For their part, foreign investors have bought more Japanese bonds this year than last year but fewer Japanese stocks. GBP: Sterling snapped an eight-day losing streak yesterday. It was all about the dollar and market positioning, not something attractive about sterling per se. It traded about 1/10 of a cent below the June 23 low to about $1.3365, its lowest level since May 20, before resurging higher. It reached almost $1.3485. As soon as the buying was exhausted and the denial came out, sterling sulked back to $1.3400. It was unable to trade much above $1.3440 in the North American afternoon, and it has not traded above $1.3430 today, but held slightly above yesterday's low. After reporting an unexpected economic contraction in May and strong June inflation, the UK reported another soft employment report earlier today. The number of employees on payrolls fell for the fifth consecutive month in June, for an overall loss of about 143k positions. The unemployment rate ticked up to 4.7% from 4.6%. On the eve of the election last July, the unemployment rate was 4.2%. The weakening of the labor market is also reflected in the decline in average weekly earnings (with and without bonus payments and excluding the public sector). The swaps market continues to price in high confidence of a rate cut next month and another in Q4. The year-end base rate is seen at 3.72%, which is around six basis points higher than at the end of June. It is now at 4.25%. CAD: The US dollar was bid to CAD1.3755 in early North American activity yesterday, a new high for the month. The trail balloon was like a lead zeppelin and the greenback tumbled to around CAD1.3680. It held today and the US dollar returned to almost yesterday's high in Europe today. A move above CAD1.3760 targets the CAD1.3800 area. Canada reports May portfolio flows today. In the first four months of 2024, foreign investors bought a net of about C$64 bln of Canadian stocks and bonds. In January-April this year, foreign investors were net sellers about C$15 bln of Canada's financial assets. However, one cannot simply go from portfolio flows to currency performance. In the first four months of last year, the Canadian dollar fell by almost 4% against the US dollar and rose by about 4.25% in the same period this year. AUD: The Australian dollar was sold through $0.6500 in early North American activity yesterday, but held above the month's low (~$0.6485) and recovered in the broad US dollar sell-off to around $0.6565. The disappointing employment report saw the Aussie fall to almost $0.6460 to approach the (61.8%) retracement of the gains since the June 23 low. Australia grew about 2k jobs last month, about a tenth of what the median economist projected in the Bloomberg survey. The loss of 38.2k full time posts nearly offset in full the revised 41.9k increase in May (initially 38.7k). The unemployment rate jumped to 4.3% from 4.1%, a new cyclical high. Part of the increase could be explained by the rise in the participation rate to 67.1% from 67.0%. MXN: The US dollar was bid in early North American trading yesterday and set the session high near MXN18.8480. Tuesday's high was near MXN18.8850. The "firing of Powell" meme drove the greenback to around MXN18.6780. The dollar is consolidating firmly today between about MXN18.7025 to MXN18.8200. A break of MXN18.65 would suggest the greenback's upside correction has run its course, but first the greenback looks poised to probe higher back and may test the MXN18.88 area. Disclaimer

Crypto strategist Pentoshi put the market on notice in a late‑Tuesday post. “With XRP it held up for the past 7 months while most of the market nuked and kept this structure. It arguably has little resistance from here because it never spent time trading here on the verge of price discovery,” he wrote, adding that a cluster of regulatory and corporate tailwinds “is a pretty good setup into decent tailwinds and so far has traded very cleanly.” By Wednesday afternoon XRP was changing hands at $3.08, up roughly 27 percent on the week and hovering just below its highest close since the 2021 cycle high. Daily volumes have topped US $8.5 billion and momentum indicators on major venues show relative‑strength indexes back in “buy” territory, underscoring Pentoshi’s contention that overhead supply is thin. Upcoming XRP Price Catalysts The first fundamental catalyst is Washington’s sudden enthusiasm for federal stablecoin rules. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act sailed through the Senate in June and secured the votes it needs in the House this week after an eleventh‑hour whip by President Donald Trump. House Majority Leader Steve Scalise told reporters, “We’re back on track … all three bills will be encompassed in the work we do today,” referring also to the CLARITY and Anti‑CBDC acts. Ripple, which launched its dollar‑backed RLUSD last December, is already positioning for that environment. On 2 July the company filed for a US national bank charter and a Federal Reserve master account that would let it custody RLUSD reserves directly at the Fed. Two weeks later it confirmed plans to secure an EU electronic‑money‑institution licence under MiCA; a company spokesperson said Ripple aims “to become MiCA‑compliant” because it sees “significant opportunity in the European market.” The second driver is the near‑resolution of Ripple’s grinding courtroom saga. On 26 June, when US District Judge Analisa Torres rebuffed a joint motion by Ripple and the SEC that would have vacated her permanent injunction and sliced the civil penalty from $125 million to $50 million, ruling the parties had “not come close” to establishing the “exceptional circumstances” required to alter a final judgment. The next day CEO Brad Garlinghouse announced on X that Ripple will drop its own cross‑appeal and “close this chapter once and for all,” adding that he expects the SEC to withdraw its appeal as well. For now, however, Torres’s injunction and the full $125 million penalty remain in force, leaving any definitive resolution, however, the end has never been closer. With the litigation roadblock largely cleared, exchange‑traded‑fund issuers have accelerated filings. ProShares on 15 July rolled out 2× leveraged futures funds tied to Solana and XRP, noting that spot‑based products remain in the SEC queue. Only a week earlier, the agency issued new disclosure guidance meant to streamline crypto‑ETF approvals. Trump Media & Technology Group has even asked the SEC to sign off on a “blue‑chip” basket ETF that would hold bitcoin, ether, solana and xrp, signalling bipartisan pressure to open the ETF spigot further. Ripple is also arming itself for a buying spree. “Our M&A people are very busy,” chief technology officer David Schwartz told DL News in late June, revealing “multiple potential acquisitions in various different stages.” The firm has already paid $1.25 billion for prime broker Hidden Road this year and is building an on‑ledger lending protocol slated for Q3, moves that could deepen XRP liquidity and justify higher valuations. Each strand—the GENIUS Act, the bank charter and MiCA licences, the SEC’s retreat, the ETF pipeline, and Ripple’s war‑chest for acquisitions—converges on the same conclusion: regulatory opacity is fading just as institutional distribution channels open. Whether that is enough to propel XRP through the previous all-time high at $3.84 from January 2018 remains to be seen, but the technical setup is also looking quite strong, as Pentoshi concludes. At press time, XRP traded at $3.14.

World Liberty Financial (WLFI), the Trump-linked decentralized finance project, just took its first major step toward opening the floodgates to the peasants like me. A proposal to make WLFI tradable passed this week with a staggering 99.94% of tokenholders in favor. For a project that began as a closed network, only accessible to accredited investors and the ivory tower elite, this vote signals a major shift. Governance Tokens Going Tradable, But Slowly Not all WLFI tokens will be released at once. The team confirmed that only a portion of early investor tokens will be unlocked initially, with the rest subject to a second vote and a to-be-determined release schedule. A full launch roadmap is expected soon. Meanwhile, tokens held by founders, advisors, and core team members will remain locked under a longer-term schedule, with eligibility criteria still undecided. The WLFI team described this stage as a transition from “closed to open participation,” opening the door for everyday traders to finally buy in. Hopefully they don’t rugpull it like $MELANIA and $TRUMP meme tokens. The WLFI team also just scooped up $10m worth of Ethereum this week: (Lookonchain) No centralized exchange listings have been announced, but the website says strong demand has pushed the team to initiate this “next chapter” of development. $550 Million Raised, and a Trump Family Hoedown WLFI raised a combined $550 million in two token sales. The first, in October 2024, offered 20 billion tokens at $0.015 each. The second, in January, sold another 5 billion tokens at $0.05 apiece. Despite the hype, the Trump family has been quietly reducing its stake. According to a June disclosure with the U.S. Office of Government Ethics, Donald Trump reported a $57 million profit from the project, while the family’s overall stake in WLFI dropped to 40% as of mid-2025. Yet the Trump family endorsement remains; they’re tied to WLFI like a bad spray tan to the President. The Road Ahead For WLFI WLFI’s token unlock is the tip of the iceberg. Plans to expand into lending, borrowing, and ecosystem rewards are already in motion. Meanwhile TRM Labs has been tapped to ensure the token’s operations are compliant and traceable. Once WLFI is freely traded, though, brace for volatility like we’ve seen with every Trump-backed project. The early investors will push for profits and speculators are sure to take this token over in the short-term. 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 . A proposal to make WLFI tradable passed this week with a staggering 99.94% of tokenholders in favor./key_takeaway] . WLFI raised a combined $550 million in two token sales. The first, in October 2024, offered 20 billion tokens at $0.015 each./key_takeaway] Once WLFI is freely traded, though, brace for volatility like we’ve seen with every Trump-backed project The post Trump-Backed Crypto Project World Liberty Financial Votes to Go Public appeared first on 99Bitcoins.

The U.S. House of Representatives just made history for stalling on a crypto bill for over seven hours and 24 minutes, the longest vote in chamber history. Damn, things are getting serious huh? At the heart of the standoff was a rule vote on a package of cryptocurrency bills, including the controversial GENIUS Act, and a battle over the federal government’s control over digital money. If the bills don’t pass by the end of tomorrow, the crypto bull run is going to take a big hit. Meanwhile, a new crypto presale just broke $3 million raised and is doing gangbusters if these bills pass; let’s get into it below. Crypto Bills Collide With GOP Infighting Ten Republican holdouts refused to budge on the GENIUS ACT on Wednesday night, despite last-minute pressure from Speaker Mike Johnson, who was working the backrooms to break the rebellion. After hours of debates, the GENIUS Act passed, bringing it one step closer to being on President Donald Trump’s desk, who has already said he will make it law. The GENIUS Act would make it so that all stablecoins must have a proof of reserve. However, the GENIUS Act is only for stablecoins; the market needs the CLARITY Act to be signed into law to ostensibly spark the mega bull run and give financial institutions the green light to innovate with cryptocurrencies and cryptocurrency products. Two of the most high-profile GOP holdouts, Reps. Chip Roy and Marjorie Taylor Greene were joined by House Financial Services Vice Chair Bill Huizenga, whose initial “no” vote sent Republican leadership into emergency mode. Behind the scenes, Johnson spent hours negotiating with factions from the House Freedom Caucus, Financial Services Committee, and Agriculture Committee, trying to keep the crypto agenda alive. Crypto Week Winner: Bitcoin Hyper Is The Best New Memecoin With Utility If you’re looking for a potential winner if the CLARITY ACT is signed into law, Bitcoin HYPER, a Solana-based Bitcoin scaling play, just blew past $3 million in presale. One month in, and it’s already moving faster than half the chains claiming “Layer-2.” Its pitch is simple: combine Solana speed with Bitcoin security. Bitcoin Hyper uses a zero-knowledge bridge to lock BTC, spits out a wrapped version, and allow investors to stake, swap, launch tokens, and build apps. At $0.012275, it’s still early. But that price ticks up in under seven hours. (X) The HYPER presale is entering its final stretch at the current price.To lock in this tier, head to the Bitcoin Hyper site, which has payment options via ETH, USDT, BNB, or card. HYPER is already spotlighted inside Best Wallet’s ‘Upcoming Tokens’ tab, offering a simplified way to buy and manage tokens. There’s also a 320% APY staking option for those who’d rather stack rewards while the ICO winds down. For updates and chaos, the HYPER crowd is live on Telegram and X. Join the Utility Wave with BTC Hyper Now EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress DISCOVER: Best Meme Coin ICOs to Invest in Today Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways If the bills don’t pass by the end of tomorrow, the crypto bull run is going to take a big hit. Bitcoin Hyper offers speed, low fees, and actual usability through a Layer 2 system now in presale. The post US Crypto Bill: House Shatters Voting Record Over CBDCs and the GENIUS Act appeared first on 99Bitcoins.

Why is Ethereum going up? News just hit that Peter Thiel bought 9% of an Ethereum Treasury company, cementing this as the Microstrategy play, but for ETH ▲10.21%. After Palantir’s insane success, every investor in the world will copytrade anything Thiel touches, so prepare for a lot of ETH inflows in the coming weeks This weekend or the next, many are predicting Bitcoin will print a god candle and Ethereum will follow. Here’s what you need to know: (X) Corporate ETH Treasuries Are Catching Fire Peter Thiel now owns 9.1% of Bitmine Immersion Technologies, a firm once tied to Bitcoin mining but now sitting on a $536 million pile of ETH. With over 163,000 ETH on its balance sheet, Bitmine has turned into an Ether treasury vault, guided by Fundstrat’s Tom Lee. EthereumPriceMarket CapETH$419.20B24h7d30d1yAll time Ethereum’s co-founder, Joseph Lubin, is also making moves through SharpLink Gaming, which just expanded its ETH reserves to 280,706 ETH, making it the largest corporate holder of Ethereum to date. These strategic accumulations are helping drive Ethereum’s momentum. ETH is now up 110.9% over the three months, far outpacing Bitcoin’s 39% gain in the same timeframe, according to CoinGecko. Price-wise, Ethereum now sits around $3,384, with technical indicators suggesting a clean break past the 50-day moving average last week. Ethereum Moves Up Global Asset Rankings Ethereum’s market cap now sits near $377 billion, putting it ahead of companies like Johnson & Johnson and surpassing the total value of commodities like platinum. It currently ranks 26th globally among all assets by market value. Even more telling: ETH has surpassed Bitcoin in daily trading volume, according to BTCBlueWhale. We could be a the beginning of a major altcoin rally. Eyes on the $4K Breakout, Or Higher? 99Bitcoins analysts are looking at the $4,000 resistance level. A confirmed breakout there could push Ethereum toward new all-time highs, potentially retesting its 2021 peak of $4,878. Yes… I was one of the people who bought that peak. 4 years later and we’re back baby!! What’s different this time? Ethereum is no longer just riding Bitcoin’s coattails. With institutional money flowing in, technicals aligning, and regulatory clarity improving, ETH might finally bring the 2021 vibes back. 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 Why is Ethereum going up? News just hit that Peter Thiel bought 9% of an Ethereum Treasury company, cementing this as the Microstrategy play. Even more telling: ETH has surpassed Bitcoin in daily trading volume, according to BTCBlueWhale. We could be a the beginning of a major altcoin rally. The post Countdown to $4,500? Ethereum Just 9.65% Shy of Major 4-Year Breakout appeared first on 99Bitcoins.

Trading at around ~$37.7975 two hours after the London open, a confluence of macroeconomic factors continues to secure higher silver pricing. Having handsomely outperformed its precious metal counterpart, gold, in recent months, XAG/USD currently trades some ~3.43% lower from highs made earlier this week, with market technicals suggesting further upside potential. Silver (XAG/USD): Key takeaways from today’s session U.S. inflation remains well-above the current 2% target, as per the CPI/PPI releases from earlier this week. Especially when considering ongoing unknowns surrounding a potential tariff-side inflation, silver prices remain well supportedAlthough views are still somewhat mixed, markets generally predict two Fed rate cuts before year-end, helping bolster higher sliver pricingFollowing POTUS Donald Trump’s comments yesterday to suggest the firing of Fed Chair Jerome Powell remains ‘highly unlikely’, a stronger dollar and easing market tension may introduce some short-term silver downside close Silver (XAG/USD), OANDA, TradingView, 16/07/2025 Silver (XAG/USD), OANDA, TradingView, 16/07/2025 On the daily time frame, XAG/USD price action remains in a clear uptrend. Currently halfway between highs and the trendline, markets will need to have more conviction to push price higher, or risks a retracementDaily support can be found at ~$36.9457 and ~$37.2983; resistance at ~$38.4220 and ~$38.9729 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

After rising rapidly over the weekend to hit new all-time highs, the Bitcoin price seems to have hit a brick wall above $120,000, sparking a correction. While this is expected to be a short correction, a notable development involving an 8-year trendline that has marked the top of previous cycles has emerged. If this trendline resistance holds and Bitcoin fails to break it, then it could mean that the top is in, and what usually follows is a drawn-out bear market. 8-Year Trendline Suggests Bitcoin Top Is In Crypto analyst MartyBoots, in an analysis on TradingView, caught a test of a an 8-year trendline which began back in the 2017-2018 cycle, marking the top of multiple bull markets. This trendline continued into the next major bull market and in the 2020-2021 bull market, the trendline once again marked the cycle top, with Bitcoin peaking at $69,000. Presently, the Bitcoin price has once again come in contact with this trendline, and the rejection from here does suggest that this trendline could be the real deal. After hitting above $123,000, Bitcoin was promptly pushed back downward from this level as sell-offs and profit-taking became the order of the day. For this trend to be complete, though, there are a number of things that would need to happen first. For example, the analyst explains that investors should watch for the weakly RSI divergence turning bullish. Additionally, a decline in volume and more rejection wicks for Bitcoin would be confirmation that the price has topped. Marty also explained that the price touching this trendline for a third time increases the odds of it actually playing out the same way it has in the past. If this trendline does mark the top once again, then it could signal the start of another bear market. As the analyst explains, a top marked by this trendline has in the past “triggered multi-month correction and Bear Markets.” Still A Chance For Bullish Continuation The test of this trendline does not necessarily mean that the Bitcoin price has to top at this level, because there is still a chance of bullish continuation. As the analyst explains, a decisive break above the trendline would turn this level into support and trigger further upside. In addition to this, there is also a lot of buying pressure on the Bitcoin price despite the profit-taking. More importantly is the fact that very large orders await at the $114,000 level. This shows a lot of demand for BTC, something that could drive the price upward as the cost basis for investors remains on the rise. Nevertheless, the analyst advises caution at this level until there is a confirmation either way. “Risk-management alert: consider tightening stops, reducing leverage, or hedging until trendline fate is resolved,” Marty said in closing.

Rep. Maxine Waters opposes the GENIUS and CLARITY Acts, labeling them a “casino for crypto billionaires.” Bitcoin and Ethereum are gaining traction due to Trump’s pro-crypto policies. Democrats have never fully embraced cryptocurrency; their policies were effected through Gary Gensler and the SEC. The regulator adopted an enforcement-heavy approach, targeting crypto firms through initiatives like Chokepoint 2.0, which directed banks to limit services to crypto businesses. That era ended when Donald Trump won the presidency, promising to make America a crypto hub. Since taking office, Trump has implemented changes to create a supportive environment for crypto, appointed a pro-crypto SEC chair, and opened new avenues for the industry to thrive. Bitcoin, the world’s most valuable crypto, is now trading above $119,000, peaking at $123,000 this week, as institutions rushed to buy. Reflecting on this shift, Spot Bitcoin ETFs have seen massive inflows. BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF, now manages over $86 billion, up 2% in 24 hours. BitcoinPriceMarket CapBTC$2.37T24h7d30d1yAll time Capital is also flowing into Ethereum, making ETH ▲10.21% one of the best cryptos to buy. (Source: SosoValue) Maxine Waters Attacks Crypto Bills However, not everyone supports Donald Trump’s administration and its actions on crypto regulation and creating a clear regulatory framework. Representative Maxine Waters, a ranking House Financial Services Committee member, criticized the Republican-led “Crypto Week.” In a press release yesterday, Waters lambasted the proposed GENIUS and CLARITY Acts, stating they create a “casino for crypto billionaires to make more profits.” Her position aligns with other Democrats who raise concerns about consumer protections, financial stability, and potential conflicts of interest, given the president’s meme coin and his family’s crypto-related businesses. TRUMP is one of the top Solana meme coins, commanding a market cap of nearly $2 billion. DISCOVER: Top Solana Meme Coins to Buy in July 2025 The GENIUS and CLARITY Acts Waters’ comments follow discussions around the GENIUS and CLARITY Acts this week. The GENIUS Act aims to establish a regulatory framework for stablecoins. Tokens minted under this act must hold treasuries, track the USD, disclose monthly reserves, and comply with AML regulations. The CLARITY Act seeks to classify most crypto tokens as commodities under the CFTC, exempting them from SEC oversight. If passed, the CLARITY Act will exempt DeFi tokens from strict SEC banking regulations. Supporters, including Senators Bill Hagerty and Cynthia Lummis, argue these acts provide regulatory clarity and foster innovation, positioning America as the global “crypto capital.” EXPLORE: 20+ Next Crypto to Explode in 2025 Why the Opposition? Critics, including Waters and Senator Elizabeth Warren, warn that the bills prioritize industry profits over consumer safety, possibly leading to financial crises like the collapse of Silicon Valley Bank and other crypto-supporting banks. To clarify her stance, Waters declared an “Anti-Crypto Corruption Week” to counter Donald Trump and Republicans. She asserts that the bills enable “Trump’s crypto scams” and favor “Wall Street, Big Tech, and crypto billionaires.” Specifically, Waters claims the CLARITY Act restricts the SEC, limiting its ability to combat fraud proactively and allowing intervention only after investor losses. She also argues that the GENIUS Act lacks robust consumer protections and opens the door to foreign-controlled stablecoins, posing national security risks. DISCOVER: 12 Best Crypto Presales to Invest in July 2025 – Top Token Presales Rep Maxine Waters Slams GENIUS and CLARITY Acts Bitcoin prints above $123,000 before retracing Optimism pumped by Crypto Week GENIUS and CLARITY Acts will create clarity in crypto Rep. Maxine Waters in opposition, raising questions on consumer protection The post Rep. Maxine Waters Opposes Crypto Week, Calls it “a Casino for Crypto Billionaires to Make More Profits” appeared first on 99Bitcoins.

The digital Ruble has been mandated and will begin its rollout by 1 September 2026. The lower house of Russia’s national legislature, the State Duma, has advocated for a gradual rollout of the CBDC, according to an article published by the state-owned publication, Tass, on 15 July 2025. According to the publication, the bill mandates major Russian firms and banks to offer CBDC services by September next year, while exempting smaller firms. Now that the lower house has passed the bill in its third reading, it will move on to the Federation Council (Russia’s upper house) for approval. Once the Federation Council approves the bill, it will be presented to President Vladimir Putin to be signed into law. These are mere formalities, however, since 1 September 2026 has been designated by the Central Bank as the official national rollout date for the CBDC. The legislation, made up of an assortment of Russian lawmakers and senators, was led by Anatoly Aksakov, the Chairman of the State Duma Committee on Financial Markets. Aksakov has been instrumental in drafting the CBDC bill and is the principal architect behind Russia’s crypto and CBDC policy frameworks. Per the timeline set by the bill for the adoption of the digital Ruble, large firms earning over 120 million Rubles ($1.5 million) must offer the CBDC by 1 September 2026. Medium-sized companies have until September 2027, while smaller firms and startups have until September 2028. The law also applies to foreign bank branches in Russia. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 Digital Ruble QR Codes Mandated for Payments The bill has mandated the use of digital Ruble QR codes for the payment of goods and services. Individuals will have the ability to pay CBDC tokens, i.e. units of digital Ruble, to companies or individual traders by scanning app-based QR codes Additionally, vendors must also allow customers to pay in digital Rubles if requested. Furthermore, the bill also addresses concerns about launching the CBDC in regions within Russia with limited internet or mobile coverage. With many rural areas in Russia still facing connectivity issues, the legislation has given vendors without proper access to the internet or mobile networks an option to opt out from accepting digital Ruble payments. Additionally, businesses that earn less than 5 million Rubles ($63,900 approx.) annually will have the option to not support digital Ruble transactions. With the implementation of a universal QR code payment system, the digital Ruble aims to offer a safer and more user-friendly means to make payments to simplify transactions nationwide. The CBDC rollout within Russia reflects a broader push to move away from cash-based transactions and to expand financial inclusivity. Explore: Best New Cryptocurrencies to Invest in 2025 Sberbank Questions Need for CBDCs While state authorities have been pushing for a digital Ruble, commercial banks have questioned the need for a Russian CBDC. Sberbank head German Graf expressed his uncertainty regarding the digital Ruble’s potential to drive major economic transformation in the country. Graf commented on this matter to a local publication, stating, “I don’t understand why an individual needs the option to use a CBDC. And neither do banks. And businesses, too. I still don’t really understand why this is necessary.” He did, however, mention that CBDCs could play a role in cross-border settlements in case overseas partners wanted to use the CBDC as well. Nonetheless, the pilot phase, introduced in 2023, is still ongoing, with the Russian Central Bank claiming that the adoption of the digital Ruble will allow for faster, transparent, and secure transactions. Additionally, the Ministry of Finance has advocated using the digital Ruble for government contracts and issuing benefits, claiming that it will help eliminate fraud and corruption. Explore: Top 20 Crypto to Buy in July 2025 Key Takeaways The Russian State Duma has passed legislation mandating a phased rollout of the digital Ruble starting September next year Large enterprises will accept the CBDC at the outset, while medium and smaller enterprises will begin in September 2027 and 2028, respectively The bill mandates scanable QR codes as a standard for making payments The post Digital Ruble Approved by Russian Lower House Ahead of September Rollout Next Year appeared first on 99Bitcoins.

Holders of the World Liberty Financial token, WLFI, have voted overwhelmingly to make these tokens tradable, a decision that could significantly impact their market value and the financial interests of the Trump family. WLFI Transition From Voting Rights To Tradable Assets World Liberty Financial, a venture associated with Donald Trump’s family, launched the WLFI tokens last autumn as part of its decentralized finance (DeFi) platform, which also includes a stablecoin called USD1. Initially, these tokens were not designed for trading; instead, they granted holders voting rights on certain business developments, including changes to the platform’s underlying code. Early investors were primarily drawn to WLFI due to its association with Trump, banking on the expectation that the tokens would appreciate in value thanks to his backing. The recent vote to allow trading of the tokens marks a crucial shift, enabling market forces to set their prices. This transition is likely to attract a wider array of investors, potentially generating trading fees for exchanges that list WLFI and fueling speculation about the tokens’ future value. Although it remains unclear how this will directly benefit the Trump family, the increased trading activity may enhance the overall value of their holdings, which are substantial. Trump’s Potential Conflicts Of Interest Critics, including several Democratic lawmakers, have raised concerns regarding the ethical implications of the Trump family’s financial involvement in World Liberty Financial. Senator Elizabeth Warren and Representative Maxine Waters have voiced their worries to the US Securities and Exchange Commission (SEC), arguing that the family’s financial stake constitutes a significant conflict of interest that could influence regulatory oversight of the cryptocurrency industry. They pointed out that the WLFI tokens have not been classified as securities by the SEC, which means they are not subject to the same level of regulatory scrutiny as traditional investments like stocks. The White House has maintained that Trump’s assets are managed by a trust overseen by his children, asserting that there are no conflicts of interest. However, the specifics of this trust arrangement remain undisclosed. World Liberty Financial Promises More Details Trump’s company, DT Marks DEFI LLC, was allocated 22.5 billion of the total 100 billion WLFI tokens, with Trump himself holding approximately 15.75 billion tokens as of the end of last year. Reports suggest that the Trump family has generated around $500 million from World Liberty since its inception. In light of the recent vote, the White House declined to comment to Reuters on how the tradability of WLFI might affect the family’s financial interests. A spokesperson for World Liberty Financial indicated that further details about the trading process would be provided soon. The proposal to initiate tradability received overwhelming support, with 99.94% of approximately 20,900 votes in favor. Many token holders expressed their motivations for voting, with some citing expectations of price increases and others aligning their investment with support for Trump. Featured image from DALL-E, chart from TradingView.com

A cryptocurrency analyst has explained how an XRP close above this level could trigger a run to $4.80, based on a technical analysis pattern. XRP Could See A Surge To New Highs If It Manages This Weekly Close In a new post on X, analyst Ali Martinez has cited a technical analysis (TA) pattern to talk about where XRP can go next. The pattern in question is a Parallel Channel. Parallel Channels form whenever an asset’s price observes consolidation between two parallel trendlines. The upper line of the pattern is likely to be a source of resistance, while the lower one that of support. A break out of either of these levels can imply a continuation of trend in that direction. There can be different types of Parallel Channels, depending on how the trendlines are oriented with respect to the axes. When they are slopped upwards, the pattern is known as an Ascending Channel. Similarly, them having a negative slope makes the formation a Descending Channel. In the context of the current topic, the third and the most ordinary type is of relevance: a Parallel Channel with trendlines parallel to the time-axis. This pattern corresponds to true sideways consolidation in the cryptocurrency. Below is the chart shared by the analyst that shows the Parallel Channel that the 1-week price of XRP has seemingly been following during the last few months. As is visible in the graph, the weekly XRP price has observed a sharp surge recently and closed in on the upper level of the Parallel Channel. If the asset’s current trajectory maintains, it could end up making a retest of the upper line situated around $3. Earlier in the year, the cryptocurrency encountered resistance at the mark, so it’s possible that something similar could occur this time as well. In the event that it is able to surge past the line, however, a bullish breakout might take place. “A weekly close above $3 could send XRP to a new all-time high of $4.80!” says Martinez. From the current price of the coin, a rally to this target would imply a gain of about 56%. It now remains to be seen whether the digital asset will manage to escape out of the Parallel Channel and if it does, whether a bull run of this magnitude would follow. In some other news, the 1-week price of Ethereum is also heading toward the resistance line of a Parallel Channel, as the analyst has pointed out in another X post. “A key resistance level ahead for Ethereum $ETH is $3,980,” notes Martinez. “Breaking above it could ignite a major bull rally!” XRP Price XRP has seen a fresh 7% surge in the last 24 hours that has taken its price to $3.08.

The SEC has decided to give itself more time before making a call on Bitwise’s request to allow in‑kind redemptions for its Bitcoin and Ethereum ETFs. Instead of approving or rejecting the proposal outright, the commission extended the review window to September 8. The move keeps the door open, but also signals that regulators want to tread carefully before allowing ETF shares to be swapped directly for crypto. What’s at Stake In‑kind redemptions may sound technical, but the idea is pretty simple. It would let large investors trade ETF shares for the actual assets underneath, like Bitcoin or Ether, instead of receiving the cash value. It’s a standard feature in traditional commodity ETFs, and crypto asset managers want the same flexibility. The appeal is lower tax impact, smoother trading, and better efficiency, especially for institutional players moving big volumes. Source: Shutterstock It’s Not an Actual Rejection, More Time is Needed This is not the SEC slamming the brakes. It’s more like keeping the car in neutral while they check the map again. The initial 90‑day clock ran out, and the agency filed for an extension to continue reviewing the proposed rule change. The delay signals they’re not rushing, but they’re not closing the door either. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Eyes on the Bigger Players Bitwise isn’t the only name pushing for in‑kind redemptions. BlackRock, VanEck, Fidelity, and 21Shares are all in the ETF race, and many of them are expected to follow suit with similar requests. Commissioner Hester Peirce has said the idea makes sense if it’s handled properly. That “if” is doing a lot of work here. The SEC wants to make sure this doesn’t turn into a backdoor for unregulated crypto exposure or systemic risk. BitcoinPriceMarket CapBTC$2.37T24h7d30d1yAll time September Will Be Telling Come September 8, the SEC has options. It can approve the change, deny it, ask for more information, or open it up for another round of public comments. What it decides could shape the direction of crypto ETFs for years. If Bitwise gets the green light, expect a wave of copycat requests. If not, it could signal a more cautious stance going forward. DISCOVER: 20+ Next Crypto to Explode in 2025 What’s in the Bigger Picture? Even though this is a delay, it comes in the middle of growing acceptance of crypto ETFs. Spot Bitcoin ETFs are gaining traction. Ethereum ETFs are waiting in the wings. And for the first time in years, the SEC seems more open to structured innovation. The tone is different now, even if the pace is slow. Investors are watching closely, not just for Bitwise, but for what this means for the rest of the industry. The Bottom Line The SEC isn’t saying no. It’s saying not yet. That’s a small but important difference. In‑kind redemptions would make crypto ETFs feel a lot more like traditional ones. That’s good news for institutions looking to move size without extra friction. Whether it happens in September or not, the direction of travel looks clear. This is part of a bigger story, and the next chapter lands in just a few weeks. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The SEC delayed its decision on Bitwise’s in-kind redemption request, setting a new review deadline of September 8. In-kind redemptions would allow large investors to swap ETF shares for crypto instead of cash, improving tax efficiency and liquidity. The delay is not a rejection, but a sign that the SEC is proceeding cautiously while evaluating potential risks and regulatory gaps. Other major firms like BlackRock, VanEck, and Fidelity are expected to file similar in-kind requests as crypto ETFs continue to evolve. The SEC’s decision in September could shape how crypto ETFs operate and whether they become more aligned with traditional ETF structures. The post SEC Delays Decision on Bitwise In‑Kind ETF Redemptions appeared first on 99Bitcoins.