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Tom Lee devoted a six-post thread on X yesterday to a single proposition: if companies treat Ethereum (ETH) the way MicroStrategy treats bitcoin, the token price need only follow the mathematics of balance-sheet absorption to reach roughly $30,000. Lee’s argument rests on the mechanics he says really powered MicroStrategy’s spectacular equity rerating. From 11 August 2020 through today the software company’s shares climbed from $13 to about $455, a 35-fold gain. Only eleven of those thirty-five turns came from bitcoin’s own rise—roughly $11,000 to $118,000 in the same period—while twenty-five turns were created by “treasury strategy,” Lee wrote, meaning repeated financings that increased BTC per share even faster than the coin’s spot price. Ethereum To $30,000? Lee lists three moves that made the template work and, in his view, will be even more potent for ETH: issuing new stock above net-asset value to acquire more tokens, exploiting token volatility to lower borrowing costs, and relying on convertibles or preferred shares to cap dilution. Because ether’s realised volatility still exceeds bitcoin’s, Lee argues the cost of debt-and-option structures used to lever the treasury can be driven lower still, accelerating token accumulation. In the same thread he reposted a chart showing that his own vehicle, BitMine Immersion Technologies, purchased four times more notional value in its first week of activity ($1 billion in ETH) than MicroStrategy bought in its first week of bitcoin purchases back in 2020. BitMine’s numbers illustrate the scale. A regulatory filing and follow-up press release on 17 July confirmed the company now holds 300,657 ETH—just over $1 billion at the time of publication—after closing a $250 million private placement on 8 July. Lee, who chairs BitMine’s board, said the firm is “well on our way to acquiring and staking five per cent of the overall ETH supply.” The second-largest treasurer is SharpLink Gaming, chaired by Ethereum co-founder Joseph Lubin. On 17 July the company updated its SEC prospectus to increase the stock it can sell from $1 billion to $6 billion, saying proceeds will fund additional ETH purchases. SharpLink had already raised $413 million between 7 and 11 July and disclosed 280,706 ETH on its books as of 13 July, all but a few hundred of which are staked for yield. Bit Digital rounds out the trio. After a $172 million underwritten share sale on 7 July and the liquidation of 280 bitcoin, the Nasdaq-listed miner reported a treasury of 100,603 ETH and declared its intention to become “the pre-eminent ETH holding company in the world,” according to chief executive Sam Tabar. Taken together, the three firms now control roughly 682,000 ETH, or about half a per cent of the circulating supply, and each has active authorisations to issue more equity or debt expressly for ether accumulation. Lee insists the reflexive loop this creates—higher share prices providing ever-cheaper capital that buys still more token per share—can compress the time it takes for price to capture scarcity. Crypto analyst DCInvestor, responding to Lee’s thread, distilled the mathematics into a range: “Tom Lee basically calling for like $30-80K ETH. And some of you think we are gonna stop $1-2K after last cycle’s all-time high.” Ether changes hands today near $3,600. An eight-fold move to $30,000 would merely replicate the multiple that bitcoin logged between MicroStrategy’s first treasury purchase and its 2021 peak. The difference, Lee argues, is that MicroStrategy spent four years proving the model; Ethereum treasuries have taken less than two months to raise their first few billion dollars.

Waterton Mining announced this week that its subsidiary Solidus Resources has received the Record of Decision (ROD) from the US Bureau of Land Management (BLM), approving its Spring Valley project in Nevada. This marks the first Federal approval of a domestic gold mine project in over a decade, the company said, adding that Spring Valley will be the largest independent gold mine in the country. Solidus Resources, 100% owned by privately-held Waterton Mining, is focused on advancing the heap leach gold project with Mineral Reserves of 3.8 Moz gold located in Pershing County through permitting, construction, and into operations. The Spring Valley Mining District was discovered in 1868 and produced gold, silver, lead, mercury, copper, antimony and pinite. Modern exploration at Spring Valley began in 1996 by Kennecott Minerals Company, which searched for the source of gold in the Spring Valley placer deposits, according to the company’s website. Subsequent programs were carried out by Echo Bay, Midway and Barrick. In 2015, Solidus Resources continued with additional exploration and study related activities, which included completion of 232 holes (totaling 190,814 ft), metallurgical testwork campaigns, geotechnical and hydrological modeling, as well as a pre-feasibility study in 2018, when it began the permitting process. 2025 feasibility study This year, the company released a feasibility outlining a 10-year plus life of mine averaging over 300 koz gold per year, with 348 koz gold per year over the first five years life-of-mine, all-in sustaining costs (AISC) of ~$1,103/oz gold After-tax NPV5% of $1.5B with an after-tax IRR of 36% with economics based on consensus gold price of $2,400/oz in 2028E and $2,200/oz LT from 2029E. Mineral Resources of 4.4 Moz gold of Indicated resources (inclusive of Reserves) and 0.6 Moz gold of Inferred resources were calculated using a gold price of $1,700/oz and cut-off grade 0.004 oz/ton. “The Spring Valley Project will be Nevada’s next long-life heap leach gold mine,” Waterton Mining CEO Isser Elishis said in a news release. “The significance of this project will be far-reaching, boosting domestic non-fuel mineral production, creating thousands of high-paying jobs, increasing both local wages and tax revenues significantly, and enhancing U.S. mining competitiveness.” In May, Solidus received a Letter of Interest from the Export-Import Bank of the United States (EXIM) regarding the potential financing of up to $835,000 for the Spring Valley project. The funding is being considered under EXIM’s Make More in America initiative and its China and Transformational Exports Program. Elishis said the project “supports the onshoring of strategic mineral production, encouraging U.S.-based sourcing of mining technology, and boosting exports of American-manufactured equipment and services.”

XRP Open Interest (OI) has surged to a new all-time high, surpassing $10 billion across major crypto exchanges. This jump in futures activity comes as the XRP price climbs toward $3.48, its highest level in years. Historically, rising Open Interest has often coincided with significant price rallies, suggesting the potential for further upside in XRP’s trajectory. XRP Open Interest Records New ATH Reports from Coinglass have revealed that the total Open Interest in XRP futures has climbed to a fresh ATH of $10.49 billion, reflecting a sharp increase in trading activity and capital inflows into the derivatives market. Notably, the Open Interest broke ATH targets after it exceeded the $9 billion mark, with trading activity continuing to accelerate, according to a recent X post by crypto analyst Captain Redbeard. Coinglass chart data from July 18, 2025, shows that XRP is currently trading at approximately $3.5, marking a significant recovery from its prolonged consolidation period just above $2 in recent months. The spike in Open Interest is reportedly driven by some of the top crypto exchanges, with Bitget leading with $2.21 billion, followed by Binance at $1.83 billion, Gate at $1.69 billion, Bybit at $1.53 billion, and other platforms contributing to the overall increase. Binance, the dominant player in XRP futures, has seen its Open Interest vault from around $544.4 million on March 11, 2025, to nearly $2 billion in just four months. This reflects a broader trend where major exchanges, including Bitmex, Coinbase, OKX, and Hyperliquid, witness multiple hundred-million-dollar positions being opened by traders betting on XRP’s next move. The correlation between Open Interest and price action often serves as a crucial signal in the derivatives market. Usually, when OI climbs alongside price, it suggests strong bullish momentum backed by real capital. Conversely, a surge in OI without a corresponding price increase can raise concerns over potential leverage traps or looming liquidations. In the case of XRP, both Open Interest and price appear to be rising, indicating sustained market confidence and the possibility of an even stronger uptrend. XRP Eyes Three Bullish Targets In 2025 The XRP price is eyeing higher levels this bull cycle, as crypto analyst Armando Pantoja has forecasted three upside targets for the altcoin in 2025. Firstly, the analyst announced that XRP has officially entered price discovery territory after smashing through the long-standing resistance level of $2.98. This breakout now marks the possible start of another bull phase, with XRP expected to hit an immediate target of $4 soon. Pantoja’s Projections also extend to a bullish target of $6.37 and even $8.12 before the end of 2025. These targets are based on Fibonacci Extension levels and historical cycle patterns, indicating that XRP could still be in the early phases of a larger breakout.

Week in review: Cryptos on top and Decent US Data It’s been a roller‑coaster week—between volatile macro data, tariff threats, and fresh geopolitical turmoil, all jostling with record‑breaking crypto moves. US inflation data eased a touch as CPI (core at 0.2% vs 0.3% exp) and PPI (unchanged, 0.2% consensus) both came in cooler than expected, while Retail Sales surprised to the upside, showing consumer demand still holding firm. Equities briefly hit new highs—the S&P 500 and Nasdaq 100 climbed on solid earnings reports—but traders have been taking profits in today's session. Both indices still finish the week up comfortably, except for the Dow which has really been mixed in rangebound action throughout the week. Lower-than-expected (yet still high) inflation expectations did not do much to slow today’s selling flows. Global Equities have also been dawdling round in the first half of July as the sudden rise in the US Dollar coming from better than expected US Data has rewired some Financial flows. Trade tensions resurfaced as Trump floated 15–20 % tariffs on EU goods, a reminder that protectionist rhetoric remains ever‑present even as markets largely shrugged off the threat – Keep this in check for the upcoming weeks. Meanwhile, crypto stole the spotlight: Bitcoin blasted through to a new peak of $123,230, fuelled by ETF inflows and macro hedge demand, while Ethereum outpaced BTC on the week, riding a wave of DeFi optimism and relative strength. Altcoins have been shining on this newfound Crypto trend. Elsewhere, Australia’s jobs report was disappointing, intensifying bets on RBA rate cuts, and the UK’s employment data proved a mixed bag—wage growth held up, but unemployment ticked higher. To cap it off, tensions flared along the Israel‑Syria border around Druze communities, adding a fresh geopolitical twist that quickly faded by Markets who don’t care too much about these headlines since the Israel-Iran tensions from the end of June. Still, buckle up, as looking at charts and fundamentals, volatility isn’t going anywhere. Read More: US oil consolidates as traders await fresh momentum Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum has surged more than 70% since mid-June, marking one of its most impressive rallies of the year. The move has been driven by strong momentum, with bulls firmly in control as ETH recently reclaimed the critical $3,500 level. Notably, the uptrend has shown little to no retracement since the initial breakout, signaling sustained buying interest and confidence among investors. One of the most striking developments supporting this move comes from CryptoQuant, which highlights the emergence of a significant premium on Ethereum traded through Coinbase. This is particularly noteworthy because Coinbase is a platform predominantly used by US institutions and high-net-worth individuals. The premium suggests aggressive spot buying by whales, indicating renewed institutional interest in Ethereum. This renewed demand comes as the broader crypto market sees clearer regulatory signals and increasing ETF flows into ETH-related products. As Ethereum continues to outperform and attract capital, traders are watching closely to see if this momentum will carry into a broader altcoin rally—or even signal the start of a long-awaited altseason. US Whales Lead the Charge as Ethereum Buying Activity Accelerates According to a recent report by CryptoQuant analyst Crypto Dan, Ethereum is seeing a notable increase in buying activity, particularly from US-based whales. The steady rise in accumulation, combined with a clear premium on Coinbase, suggests that high-net-worth players are positioning themselves ahead of further upside. Supporting this trend, daily inflows into Ethereum spot ETFs have surged to new all-time highs. This sharp spike reflects growing institutional confidence in ETH as a core digital asset, especially following recent regulatory clarity in the US. With Ethereum now trading above $3,600, demand continues to outpace supply across multiple channels. What makes this rally especially interesting is the current market environment. On-chain metrics show that Ethereum is not yet significantly overheated. Indicators such as NUPL (Net Unrealized Profit/Loss) suggest room for further expansion before excessive euphoria sets in. This creates favorable conditions for ETH to consolidate at higher levels before potentially breaking out again. However, the coming weeks will be crucial. If strong inflows and bullish momentum persist into late Q3 2025, analysts warn it could trigger signs of overheating. While we are not there yet, repeated vertical moves without retracement should prompt caution. Investors may need to reassess risk levels if the pattern continues. Ethereum Breaks Key Resistance With Strong Weekly Candle Ethereum is currently trading at $3,620 with two days left before the weekly candle closes, up more than 21% so far. This ongoing rally has pushed ETH firmly above the $2,852 resistance level — a crucial zone that capped price action for months. The move comes with high volume and follows a breakout above the 50-, 100-, and 200-week moving averages, now all reclaimed as support at $2,654, $2,664, and $2,430, respectively. With momentum accelerating and buyers clearly in control, market attention is shifting toward the next key resistance at $3,742, marked by the weekly wick high from December 2024. Although the candle has not yet closed, its current size and structure highlight growing bullish strength. This surge builds on Ethereum’s 70% rally from mid-June, suggesting that an expansion phase may be underway. If ETH holds near or above current levels by Sunday, it would confirm one of the strongest weekly performances this year and potentially trigger further upside. Until then, traders are watching closely to assess whether this breakout can sustain its pace or if a near-term pullback is due after such an aggressive move. Featured image from Dall-E, chart from TradingView

Northern Dynasty Minerals (TSX: NDM; NYSE-A: NAK) says it has filed a motion in Alaska’s federal district court seeking a summary judgment briefing schedule with respect to its pending litigation over the veto of its flagship mine project during the Biden Administration. For more than two decades, the Vancouver-based miner has been looking to develop its Pebble project, touted as one of the world’s largest copper-gold-molybdenum resources. However, the proposed mine has faced stern local opposition and undergone a protracted period of review due to its location within the Bristol Bay watershed, where some of the world’s largest sockeye salmon fisheries reside. In January 2023, the US Environmental Protection Agency used its Clean Water Act authority to block the company’s Alaskan subsidiary from storing mine waste in the area, essentially killing the project. In its argument, the EPA said the mine would destroy more than 2,000 acres of wetlands. If built, the Pebble mine would be the largest copper, gold and molybdenum extraction site in North America. A 2023 economic study estimated that it would produce 6.4 billion lb. of copper, 7.4 million oz. of gold and 300 million lb. of molybdenum, plus 37 million oz. of silver and 200,000 kg of rhenium, over 20 years. In a bid to overturn the EPA’s decision, the Vancouver-headquartered miner filed in March 2025 two separate actions in federal courts. Two Alaska native villages also sued the EPA in June for the potential impacts its decision could have on the local economy. Earlier this month, Northern Dynasty said it has begun talks with the EPA on potential settling the ongoing litigation, a move that it believes presents “the fastest path forward” to withdraw the Pebble project veto. It also confirmed that the EPA has “asked for additional information to assist in finalizing that decision.” No settlement yet However, in a press release issued this week, president and CEO Ron Thiessen stated that a settlement has yet to be reached, and as a result, the company has asked the federal court to set a briefing schedule for summary judgment motions. “We now believe that will be the quickest, most direct avenue to get the veto removed,” Thiessen said. “We will continue to work with the relevant government agencies to resolve this issue. Meanwhile we are confident that the court will agree with our assessment that the issuance of the veto by the Biden administration was unlawful.” Prior to issuing the press release on Thursday, shares of the company had plummeted by more than 55% — its largest single-day drop since 2020. The decline extended into Friday’s session, with the TSX-listed stock falling another 45% at the open, before paring some losses. By 2 p.m., it traded at C$1.33 apiece — its lowest in two months — with a market capitalization of C$714.7 million.

Crypto Analysis AI, in a recent update on X, highlighted that Avalanche (AVAX) is displaying mixed signals across multiple timeframes. While the short-term (1-hour) chart leans slightly bullish, the medium-term (4-hour) view suggests caution. Price action has recently tested resistance near $23.24 and is now consolidating between $22.80 and $23.00. Though the broader trend remains upward, a brief pullback or sideways movement could be on the horizon before any further upside. 1-Hour Timeframe And 4-Hour Timeframe Analysis Crypto Analysis AI recently highlighted that AVAX/USDT is flashing bullish signals on the 1-hour timeframe, with 30 buy signals against just 9 sell signals. Indicators such as the EMA crossover (9 > 20), a bullish MACD, and a DMI uptrend suggest positive short-term momentum. The RSI at 59.48 supports a bullish outlook without being overbought, while the CMF at 0.1367 signals accumulation. These signs point to strong buyer interest and underlying market strength at current levels. However, some caution is warranted. The KDJ indicator has issued a sell signal, and the HMA reflects potential short-term exhaustion, pointing to a brief pause or pullback in the uptrend. On the 4-hour chart, momentum weakens slightly with 29 buy signals facing 14 sell signals. While the ADX (37.80) confirms trend strength, the CCI (143.48) and RSI (65.03) suggest overbought conditions near the $23.24 resistance. Avalanche Current Price Action & Key Levels According to Crypto Analysis AI, Avalanche was trading around $22.89, testing key resistance zones. The price recently surged from $21.16 to $23.24 on the 4-hour chart, before entering a consolidation phase in a tight range between $22.80 and $23.00. Short-term momentum looks bullish, especially on the 1-hour timeframe, whereas the 4-hour chart suggests the trend may be losing steam and needs confirmation for further upside. Crypto Analysis AI predicted a breakout toward $23.50–$24.00, and AVAX has surpassed this level. On the downside, initial support lies at $22.60, followed by $22.00–$22.20 as a stronger demand zone. If losses deepen, $21.60–$21.80 could provide key support. The analyst also warned of overbought signals on the 4-hour RSI and CCI, which may trigger a short-term pullback. Additionally, low volume during recent dips signals weak buyer follow-through. Giving his final verdict, the analyst noted that Avalanche remains in an uptrend, but short-term traders might consider looking for pullbacks to the $22.60–$22.80 range for potential long setups. Meanwhile, medium-term traders are advised to watch for either a confirmed breakout above $23.24 or a deeper retest of the $22.00–$22.20 zone, as this could establish a stronger support base.

Ethereum (ETH) has decisively broken above a resistance level, the 50-day Exponential Moving Average (EMA50), igniting renewed bullish momentum across the market. This breakout marks a significant shift in market trend, opening the door for a potential rally toward higher targets around the $4,000 level. Ethereum Targets $4,000 After EMA50 Breakout The Ethereum price has delivered an explosive rally after its recent breakout above the EMA50 barrier. Given this development, crypto analyst Doctor Profit has forecasted on the X social media that ETH is gearing up for a massive surge toward $4,000. Sharing a detailed chart analysis, Doctor Profit disclosed that Ethereum was finally able to close above the key moving average after weeks of resistance and failed attempts to flip it into support—a struggle clearly shown by the multiple rejection wicks marked by the green arrows. Notably, Ethereum’s breakout has triggered a strong continuation move, with its price surging over 28.17% in just one week, climbing from around $2,500 to a high near $3,226, at the time of the analysis. This price action marks a significant shift in momentum, indicating that the bulls may have regained control on the higher time frame. According to Doctor Profit, Ethereum’s current technical structure suggests that further upside could follow its EMA50 breach. The clean break and hold above the moving average have invalidated previous bearish pressure zones and opened a path toward potentially higher price targets. Based on historical price behavior after similar breakouts, the analyst expects Ethereum to rally toward $4,000 in the coming weeks. Such a move would reflect a notable 9.64% increase from its current price of approximately $3,648. In his post, Doctor Profit noted that ETH is showing no immediate signs of weakness on the chart, with price holding strong above prior resistance levels. As a result, the recent breakout appears to have solidified as a new foundation for the next leg up. ETH Upside Targets Extend Beyond $4,000 Crypto market expert Henry stated in a recent analysis on X that Ethereum has staged a comeback, surging past $3,400 for the first time in five months and breaking out of a textbook Bull Flag pattern. This bullish momentum follows weeks of price consolidation and a key fakeout, which appears to have successfully flushed out prior downside liquidity. After forming two distinct consolidation zones around the $1,800-$2,000 and $2,800-$3,000 levels, ETH faked a breakdown before launching into a sharp rally. The cryptocurrency’s chart structure now shows strong bullish continuation signals, with the current trend pointing toward an immediate target of $4,000. Henry has forecasted that Ethereum’s upside targets extend far beyond $4,000, with potential milestones projected at $6,000 and even $10,000. While the analyst remains confident in ETH’s ability to reach these bullish targets, he acknowledges that a short-term correction to around $2,800 is possible before the price rally.

UK Cabinet Office minister Pat McFadden has questioned political donations made in crypto. According to a Guardian report published on 18 July 2025, McFadden, a close ally of UK Prime Minister Keir Starmer said, “The funding of democracy is often a controversial area but I think that it’s very important that we know who is providing the donation, are they properly registered, what are the bona fides of that donation.” Critical debates on crypto regulation are sweeping across both the UK and the US. In the US, President Donald Trump announced accepting crypto donations. In fact, Thumzup Media Corporation – an advertising tech startup backed by Donald Trump Jr- just secured a board approval to hold up to $250 million in crypto. Meanwhile, the UK government is weighing steps to “safeguard democracy.” Tom Brake, the director of Unlock Democracy campaign group and a former deputy leader of the Commons, said, “Safeguarding democracy is one of any government’s most important duties. Crypto donations, and the heightened risk of crypto being used to channel foreign money into UK politics, are a clear and present danger to democratic integrity.” DISCOVER: Best Meme Coin ICOs to Invest in 2025 Crypto Firms to Collect User Data from 2026, Hefty Fine for Misreporting The UK has been introducing back-to-back crypto reforms through HM Revenue and Customs (HMRC). The UK government has introduced another sweeping regulatory move, driven by the adoption of the Organisation for Economic Co-operation and Development’s (OECD) Cryptoasset Reporting Framework (CARF). Starting 1 January 2026, all crypto firms will have to collect and disclose detailed user and transaction data. “From 1 January 2026 if you provide cryptoasset services in the UK, you’ll have new responsibilities for collecting data and reporting it to HMRC,” the 14 May 2025 announcement said. All cryptoasset service providers – both domestic and foreign platforms serving UK clients – must collect and report extensive information on every user and every transaction. This will include address, country of residence, national insurance number, unique taxpayer reference, and more. DISCOVER: 20+ Next Crypto to Explode in 2025 UK Set to Ban Buying Crypto with Credit Cards and Loans If you’ve been using your credit card to buy crypto in the UK, those days might be numbered. The Financial Conduct Authority (FCA) has officially proposed a rule that would stop retail investors from purchasing cryptocurrencies using borrowed funds. That includes credit cards, personal loans, and even loans from crypto-specific lenders. However, some crypto users worry that the UK ban will discourage innovation and limit market access. The move is part of a broader effort to protect consumers from racking up debt chasing volatile digital assets. And with more people jumping into crypto using money they don’t actually have, the UK’s top financial watchdog is sounding the alarm. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Key Takeaways British authorities see crypto’s pseudonymity as a heightened risk for illicit campaign funding and foreign meddling. The UK’s Financial Conduct Authority (FCA) has also proposed banning crypto purchases made with borrowed funds, including credit cards and personal loans. The post UK Minister Calls For Ban On Political Donations Made In Crypto: Says “Funding Of Democracy Is Controversial Area” appeared first on 99Bitcoins.

Lifezone Metals (NYSE: LZM) on Friday published the results of a feasibility study for its flagship Kabanga nickel project, following up on the more speculative initial assessment released over a month ago. Located in northwest Tanzania, Kabanga is considered to be one of the world’s largest and highest-grade undeveloped nickel sulfide projects, containing over 2 million tonnes of the battery metal in resources. The deposit also contains significant copper and cobalt as byproduct. The feasibility study (FS), prepared in accordance with S-K 1300 regulations, outlines the initial development phase of Kabanga, focused on the construction and operation of a 3.4-million-tonne-per-annum underground mine and concentrator. It builds on the project’s first technical report published in June, which was based on the above resource estimate. The FS now includes an upgrade of the resource to reserves for the sulphide nickel project, totalling 52.2 million tonnes grading 1.98% nickel, 0.27% copper and 0.15% cobalt. This represents the first ever reserve estimate for Kabanga in the project’s 50-year history. In a press release, Lifezone CEO Chris Showalter said the completion of the feasibility study “is a defining moment” for Lifezone and its Kabanga project. “It confirms the technical and economic strength of one of the world’s most significant undeveloped nickel sulfide deposits.” However, shares of Lifezone Metals fell by 5.6% on the feasibility results, giving the company a market capitalization of $344.2 million. Feasibility highlights According to the FS, mining of the ores would occur for 18 years, during which the concentrator is expected to produce a total of 902,000 tonnes of nickel, 134,000 tonnes of copper and 69,000 tonnes of cobalt in intermediate product. In comparison, the June report outlined a 22-year mine life with total production of 1.15 million tonnes of nickel, 171,000 tonnes of copper and 87,000 tonnes of cobalt. The all-in sustaining costs rose to $3.36 per lb. of nickel contained in concentrate, net of copper and cobalt byproduct credits, versus $2.71 per lb. previously. Despite this, analysis by CRU International shows that Kabanga would still fall within the first quartile of the global nickel cost curve, Lifezone said. Pre-production costs, meanwhile, decreased to $942 million from $991 million, but with a lower contingency. As a result of lower production and higher costs, the project’s after-tax net present value (at 8% discount) has decreased to $1.58 billion from $2.37 billion before, while the internal rate of return rose slightly to 23.3% from 22.9%. The payback period is pegged at 4.5 years from first production. Following the feasibility study’s approval by the board, Lifezone is now proceeding with the execution readiness phase of the project, including the financing process leading to a final investment decision, which is expected in 2026. Increased control Also on Friday, the company reached an agreement with BHP to acquire the Australian miner’s 17% equity interest in Kabanga Nickel Limited (KNL), the majority owner of the Kabanga project. As consideration, Lifezone will pay up to $83 million, comprising a fixed payment of $10 million upon completion of funding or making an investment decision. The rest is contingent on commercial production at Kabanga. Upon closing the transaction, Lifezone would own 84% of the Kabanga project, with the remainder held by the government of Tanzania. The company would also assume full control of 100% of the offtake from the nickel mine. “This transaction to own 100% of Kabanga Nickel Limited allows Lifezone to fully align our technical, commercial, and ESG strategy as we advance Kabanga toward the final investment decision,” stated Lifezone founder and chair Keith Liddell.

A key architect of the lobbying campaign that transformed Donald Trump into a powerful advocate for cryptocurrency has made a remarkably profitable investment in one of the industry’s most speculative areas. David Bailey and his 210k Capital hedge fund achieved a net return of 640% in the 12 months leading up to June. It was achieved by investing in approximately a dozen companies that began purchasing Bitcoin, according to a source familiar with the situation. This performance significantly surpassed the gains in Bitcoin itself. As of June 30, the fund’s assets under management (AUM) totalled $433 million. Other Notable Moves By David Bailey Within The Crypto World Bailey is also the CEO of Nakamoto Holdings Inc., a Bitcoin treasury company that announced a merger with the healthcare services firm Kindly MD Inc. in May. Kindly MD has raised about $760 million through equity and convertible note sales for its Bitcoin portfolio, according to a statement released in June. At the time of the merger announcement, Bailey stated that Nakamoto, named after Bitcoin’s anonymous inventor, would use Bitcoin to acquire public companies worldwide and convert them into treasury vehicles. 210k Capital is now looking at markets without spot Bitcoin exchange-traded funds, such as India, South Korea, and countries in Southeast Asia and Latin America. “These are all opportunities we’re very enthusiastic about, and we hope to announce a deal soon,” Evans commented. EXPLORE: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post The Man Who Orange-Pilled The President Is Up BIG: David Bailey Hedge Fund Up 640% appeared first on 99Bitcoins.

Ethereum is trading at a pivotal level after a strong bullish rally pushed its price above the $3,650 mark. This surge has positioned ETH as one of the strongest performers in the current crypto market cycle, igniting optimism among investors and analysts alike. With bulls in control, many are pointing to growing momentum across altcoins as a sign that the long-anticipated altseason may finally be underway. Adding to this narrative, Ethereum has now entered the list of the top 30 global assets by market capitalization, reaching a $416.17 billion market cap. This achievement reflects not only price appreciation but also a rising wave of global recognition and adoption. Institutional demand is climbing, spot ETF inflows are surging, and technical indicators remain firmly in bullish territory. As Bitcoin consolidates after reaching new all-time highs, Ethereum’s relative strength is drawing attention. The coming days will be key in confirming whether ETH can sustain this momentum and push toward new highs, or if it will face resistance at this psychological level. For now, market sentiment remains optimistic, and Ethereum’s positioning among the world’s top assets hints at a maturing digital economy with ETH at its center. Global Adoption Increases For Ethereum Ethereum has officially become the 26th most valuable asset globally by market capitalization, according to data shared by top analyst Ted Pillows. With a market cap of over $416 billion, Ethereum now sits among the world’s financial giants—an impressive milestone that underscores the asset’s growing legitimacy and investor interest. Pillows added that this positioning could mark the beginning of Ethereum FOMO, as both retail and institutional investors react to rising momentum and market structure. This surge in valuation comes on the heels of a major legislative breakthrough. The US House of Representatives passed three critical crypto bills yesterday, including the GENIUS Act and the Clarity Act. These laws aim to bring much-needed regulatory transparency to the crypto sector, further reinforcing investor confidence. The passage of these bills is viewed as a turning point in US crypto policy, setting the stage for broader institutional adoption and innovation. Meanwhile, institutions are ramping up ETH accumulation. On-chain data reveals steady inflows into Ethereum spot ETFs, while a noticeable premium on Coinbase suggests strong demand from US-based whales. Combined with a bullish price structure and improving macro conditions, Ethereum appears to be entering an expansive phase, not only in price but also in network usage and adoption. ETH Surges To New Highs After Breaking Major Resistance Ethereum has continued its bullish advance, now trading at $3,619 following a clean breakout above the key resistance level at $2,852. The chart shows a clear shift in momentum, with ETH surging more than 25% over the past week, backed by strong volume and bullish structure. This marks the highest price since early 2024, and it comes as Ethereum decisively clears all major moving averages on the 3-day chart—the 50, 100, and 200 SMAs. The 200-day SMA at $2,815 had acted as a long-standing ceiling during the past year of consolidation and correction. Now that price has reclaimed it with strength, the previous resistance could flip into strong support in the near term. The recent price action also resembles the breakout pattern seen before ETH’s last major rally toward all-time highs. Volume has significantly increased, further validating the breakout and suggesting that institutional participation may be rising again, especially as spot Ethereum ETFs continue seeing record inflows. If ETH holds above the $3,400–$3,500 region over the coming days, a continuation toward the $4,000 psychological level could be next. Featured image from Dall-E, chart from TradingView

US Oil has been consolidating between $65.50 to $70 since the past month war-led volatility calmed down sharply. Markets had earlier been concerned by supply fears which considerably lowered the Energy commodity's prices since 2025. Momentum has turned in June, but no trend has been forming since. Despite some renewed tensions in the Middle East and Ukraine-Russia talks in a limbo, Oil prices haven't elevated much further. Read More: GBPUSD finding buyers in a Dollar Index 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.

The Democratic Republic of Congo has struck a preliminary mineral exploration agreement with US‑based Kobold Metals, deepening American involvement in its critical‑minerals sector. The deal opens the door to US investment in cobalt, copper and lithium projects. Kobold Metals, backed by investors including Bill Gates and Jeff Bezos, agreed “in principle” to apply for exploration permits and digitize Congo’s geological data, according to a presidential announcement. The deal signed in Kinshasa with President Félix Tshisekedi present marks a strategic push for US access to cobalt, copper and lithium. It aligns with a broader US‑Congo initiative aimed at reducing China’s dominance in critical minerals. Kobold plans to deploy its AI‑powered exploration tools and begin a lithium project in Manono, Tanganyika Province. The company will fund digital geological mapping, hire local staff, and support infrastructure investments in host communities. The agreement complements earlier progress, including a $1 billion framework for Kobold to acquire AVZ’s stake in Manono’s lithium deposit – a move supported by the US government and aimed at countering Chinese influence. However, the final outcome remains contingent on resolving ongoing legal disputes and securing necessary permits. (With files from Bloomberg)

Yesterday's reaction to a mixed UK Employment data had been confusing for the most part before taking a look at the bigger picture. Despite seeing an employment change of 134K vs 46K expected, the UK Unemployment rate came at 4.7% vs a 4.6% consensus, highest since 2021 with easing salarial pressures – Some banks (Citi, GS, BofA) are seeing what they need to push back some rate cuts from September to November. The Pound had seen a major correction (10 consecutive selling candles) since its 1.3780 top and between some mess-ups from the UK Government requiring intervention from the PM Starmer and some extra mediation from Bank of England's Bailey during the week. However yesterday, GBPUSD marked an intermediate bottom, today we'll try to see if it has more potential for a longer-run bottom. Most of the fundamentals sometimes cannot explain whatever really happens in the demand for a currency, particularly on the longer-run. Some higher trend shifts are happening (like right now) and participants are simply looking at other things than data. This is one of the reason that sometimes, Technicals front Fundamentals. This is one of the many reasons why we're going to take a look at these GBPUSD charts today! Read More: CADJPY Higher timeframe outlook – Expanding Trading Horizons 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.

This article is a follow up to the GBPP/USD article posted on July 15, titled GBP/USD Vulnerable as Trendline Break Sets Up Potential 600 Pip Drop GBPUSD has continued its recovery having dipped below a long term ascending trendline discussed in the July 15 article. Not a complete surprise given that the pair was in oversold territory on the daily chart and I did mention the possibility of a pullback. close Source: TradingView.com Source: TradingView.com Support 1.34381.33801.3250Resistance 1.35001.36571.3788 Client Sentiment Data - GBP/USD Looking at OANDA client sentiment data and market participants are MIXED on the GBPUSD with just 52% of traders net-short. I prefer to take a contrarian view toward crowd sentiment and usually prefer atleast a 60/40 split between Net Long and Short. This is just a sign of the indecision and concern around GBP/USD. Will we see a deeper pullback before the next leg lower or is this the next leg higher to print fresh highs? This question is no doubt weighing on the minds of market participants. Follow 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.

XRP has spent the better part of the last seven years digging itself out of the crater left by the 2018 peak, yet technician Tony “The Bull” Severino, CMT, now sees the possibility of a violent climax that would rival—even mirror—the last euphoric leg of the 2017 cycle. Posting to X, the analyst asked followers to contemplate “the final move in XRP — projected as high as ~$13 — happened within 40 days” and supplied the weekly‑scale TradingView chart. $13 XRP Only 40 Days Away? The study is an Elliott Wave construction that labels the 2017 blow‑off high as the terminus of Primary wave ③ and the subsequent, nearly seven‑year trading range as a textbook fourth‑wave contracting triangle. Price action from 2018 through late‑2024 traces the familiar A–B–C–D–E sequence, with each swing bounded by ever‑converging black trend‑lines that compress toward a late‑2024 apex. Severino’s annotation calls particular attention to symmetry: the distance between the 2017 high and the 2018 low measures $2.55, or 1,903.50 % from the sub wave‑four pivot, and it unfolded in six weekly candles (42 days) on volume of 2.7 billion XRP. With the triangle now resolved to the upside, the analyst counts the initial thrust as wave (1) of the terminal Primary ⑤ and flags a minor pennant developing as wave (4) of the impulse’s lesser degree. A red vertical projection equal to the 2017 percentage ascent—+1,903.39 %—is transposed from the post‑triangle base at approximately $0.64 (implicit in the $12 height of the arrow) and terminates at $12.73496, a level Severino marks in crimson across the right axis. The time analogue remains striking: a dashed line, 42 days to the right of the present bar, brackets what would be week six of the prospective surge, accompanied by a placeholder volume note of 113.7 million XRP. Should the fractal relationship hold—as the inset schematic of a “4th Wave Triangle” and “Regular Triangle Breakout Projection” implies—XRP would have to accelerate by roughly 250 % each week for the next six weeks to satisfy the vertical and temporal targets simultaneously, a pace identical to the parabolic advance that culminated in January 2018. Severino’s follow‑up comment hints that any such spectacle would not obviate a subsequent bear cycle; instead, it would complete the five‑wave motive structure and usher in the larger‑degree correction that per Elliott doctrine follows every full impulse. For adherents, the practical question is not philosophical admiration of chart symmetry but whether their positioning and risk framework can withstand the volatility inherent in a move that, if realised, would add nearly $9 per coin in little more than a month. At press time, XRP traded at $3.49

After a week of losses, the New Zealand dollar has bounced back on Friday. In the European session, NZD/USD is trading at 0.5978, up 0.80% on the day. The New Zealand dollar is down 2.2% in July and fell as low as 0.5904 on Thursday, its lowest level since June 23. New Zealand releases the inflation report for the second quarter early on Monday. CPI is expected to rise to 2.8% y/y from 2.4% in Q1, which was the highest inflation rate since June 2024. Quarterly, CPI is expected to ease to 0.6% from 0.9% in Q1. 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.

Major cryptocurrencies led by $XRP and $DOGE have rallied in the past 24 hours as the market eagerly awaits US President Donald Trump to sign the US GENIUS Act into law today. While most altcoins have become a bit more expensive to acquire given the current conditions, the good news is that there are still a few promising ones like Best Wallet Token ($BEST) and Snorter Token ($SNORT) that are available for a lot less money. US House Passes ‘GENIUS Act’, Awaits Trump Signature Yesterday, the US House of Representatives voted in favor of the passing of the GENIUS Act, which provides a regulatory framework for stablecoins. It now needs President Trump’s signature to become law, which would cap off ‘Crypto Week’ on a high note. The market responded positively to the news with the top 10 cryptocurrencies showing significant growth, particularly $XRP and $DOGE. $DOGE has led the pack in the last 24 hours, posting an 11.82% growth. Aside from GENIUS Act-related optimism, institutional interest from the likes of Thumbzup Media and Bit Origin’s plans to create a Dogecoin-focused treasury have helped drive up the top meme coin’s price. Meanwhile, $XRP went up by 6.15% during the past day, bringing it closer to its $3.84 ATH that it reached back in January 2018. With the Market Up, What’s the Best Crypto to Buy? A rallying market is great if you already own crypto, but if you’re still shopping around, you’ll find that everything suddenly got a lot more expensive. The good news is that there’s still plenty of affordable crypto if you know where to look. These include the following: 1. Snorter Token ($SNORT) – Snipe the Hottest Tokens Ahead of Bots and Whales Snorter Token ($SNORT) is a project that will make it a lot easier for you to find new and promising cryptocurrencies before bots and whales snap them up. To do this, the team will develop Snorter Bot for Telegram. This will allow you to do most of your trading on the app, including managing your portfolio, copying trades, and sniping. The bot will also have your back with its honeypot and rugpull detection feature. This will help keep your precious assets away from the hands of hackers and scammers. Holding its $SNORT token can also upgrade your experience when using the bot, including low transaction fees, governance rights, and various community incentives. The token only costs $0.0985, making it a great investment for a lot less money. If you want to learn how to buy $SNORT, you can check out our introduction to Snorter Token. 2. Best Wallet Token ($BEST) – Store Your Crypto in a Secure Non-Custodial Wallet If you’re looking to securely store your crypto, Best Wallet fits the bill. It’s a non-custodial crypto wallet, which means only you can access the private keys you use to sign transactions and prove your ownership of your digital assets. Just install it on your iOS or Android device, follow the on-screen instructions, and you’re good to go. The interface is user-friendly, so it’s easy to find your way around even if you haven’t used a crypto wallet before. To get the most out of your wallet, buy its Best Wallet Token ($BEST). Aside from low transaction fees, you’ll also get early access to the best presales on its Token Launchpad, and the right to vote on matters concerning the Best Wallet ecosystem. $BEST is currently priced at $0.025345, but with a price increase coming in less than 10 hours, it’s best to act as quickly as you can. You can also stake your tokens if you want to enjoy passive rewards at a rate of 98% p.a. With $BEST potentially reaching $0.07 according to our Best Wallet Token price prediction, you may also consider HODLing after the presale. 3. Litecoin ($LTC) – Undervalued Crypto with Plenty of Growth Potential While miles away from its ATH of $412.96, Litecoin ($LTC) is considered by many to be undervalued. This means it’s a great buy with huge potential for growth in the foreseeable future. The coin is one of the big winners in the current market rally, which is primarily driven by Thumbzup Media’s plan to hold crypto assets that include $DOGE and $LTC. Designed to be a lighter version of Bitcoin, it’s indeed light on the pocket too, at only $110.05 at the moment. Time to Go Crypto Bargain-Hunting? It may seem unthinkable at the moment, but there are still a lot of undervalued altcoins right now, even as the market rallies. Presale tokens like Snorter Token ($SNORT) and Best Wallet Token ($BEST) currently offer great deals. You can have them for less than a dollar, and they have a lot of potential to appreciate well after their launch. But before you purchase cryptocurrencies, be sure to do your research first. This is not investment advice.

Crypto analyst MMBTtrader has predicted that the Dogecoin price could record a 60% rally from its current level. He highlighted an ascending channel that the foremost meme coin needs to break above to witness this massive uptrend. Dogecoin Price Eyes 60% Rally To $0.4 In a TradingView post, MMBTtrader predicted that the Dogecoin price could rally to as high as $0.4 once it breaks above the ascending channel at around $0.243. He claimed that with good volume, the market will pump nonstop. The analyst is confident that this will happen, declaring that the breakout will be huge and that a 60% rally is a likely target. MMBTtrader also stated that the market would be extremely bullish if the Dogecoin price should rally to this $0.4 target. He predicted that the $0.75 and $1 price levels will be in sight once DOGE reaches $0.4. A rally to these $0.75 and $1 targets would mark new all-time highs (ATHs) for the leading meme coin. DOGE has sometimes lagged behind other meme coins. However, the crypto analyst expects the Dogecoin price to pump massively this time and be “a leader of memes for weeks.” The meme coin looks to be already leading the way, standing out as one of the top gainers during the current crypto market rally. The Dogecoin price has broken above the psychological $0.2 level and looks ready to reach new highs in the coming weeks, with a break above the $0.42 level, MMBTtrader highlighted. Fundamentals, such as the potential launch of Dogecoin ETFs, could serve as a tailwind for higher prices. Bloomberg analysts James Seyffart and Eric Balchunas predict there is a 90% chance the SEC will approve these funds this year. Only A Matter Of Time For DOGE In an X post, crypto analyst Kevin Capital remarked that it is only a matter of time before the Dogecoin price makes its move back up to between $0.28 and $0.30 and then “well beyond.” He added that as long as the Bitcoin price holds up and continues to show strength, this move for DOGE should come sooner rather than later. Crypto analyst Trader Tardigrade revealed that the DOGE/BTC pair has formed a Cup-and-Handle pattern and broken out of the trendline. He had noted that this bullish pattern suggests that the meme coin may outperform the flagship crypto. The analyst added that the Dogecoin price has gained strong momentum. This recent analysis echoes an earlier prediction, when Trader Tardigrade also stated that DOGE may soon show a God candle on its BTC pair. At the time of writing, the Dogecoin price is trading at around $0.24, up 14% in the last 24 hours, according to data from CoinMarketCap.

BHP (ASX, LON, NYSE: BHP) revealed on Friday that the first stage of its Jansen potash mine in the Western Canadian province of Saskatchewan will cost up to 30% more and come online a year later than originally planned. The world’s largest listed miner now expects to spend between $7 billion and $7.4 billion on the first phase, up from the original $5.7 billion estimate. First production has been pushed to 2027, a full year behind schedule. BHP cited “design and scope changes”, along with inflationary pressures and lower productivity, as the main reasons for the cost and schedule overruns. The miner also revealed that the second stage of the Jansen project will now begin production in 2031, two years later than previously planned. BMO analyst Alexander Pearce said the delay of this key expansion, intended to double production capacity and boost returns, was “likely good for potash prices”. He warned that it also may add pressure on total project capital expenditure. BHP has paused the planned $4.9 billion investment in the second stage and withdrawn its cost estimate, pending further study. The delay stems from what BHP described as the “potential for additional potash supply” coming to the market in the medium term, as well as a regular review of capital project sequencing under its investment framework. Potash, used in fertilizer and crop nutrients, is central to BHP’s long-term diversification strategy. The company expects global demand to rise alongside population growth and pressure to improve farming yields given limited land supply. A decade in the making BHP’s push into the potash market began in 2006 under then-chief executive Chip Goodyear, who secured the company’s first tenements in Saskatchewan. Successive CEOs kept the momentum. In 2010, Marius Kloppers launched a failed $38.6 billion bid for the company now known as Nutrien. Andrew Mackenzie later committed $2.6 billion to early development work at Jansen. In 2021, with current CEO Mike Henry in charge, BHP signed off on the $5.7 billion investment needed to build the potash mine. The blowouts at Jansen are significant by industry standards and mirror recent challenges at other large-scale projects. Rio Tinto’s underground expansion of the Oyu Tolgoi copper mine in Mongolia, ran nearly $1.8 billion over budget. BHP itself has faced similar issues outside its core Australian iron ore business, such as the $670 million overrun during its $2.5 billion upgrade of the Spence copper mine in Chile.

After trailing Bitcoin for most of the year, BTC Dominance is falling, and ETH ▲3.99% has surged past expectations with a 44% rally from its July low of $2,373 to over $3,526. It also helps that news hit this week that former Palantir and PayPal co-founder Peter Thiel bought 9% of an Ethereum Treasury company. The shift in momentum comes as institutional demand heats up and Ethereum ETFs gain steam, putting pressure on Bitcoin’s dominance in the market. But does this mean the Bitcoin bull run is over? Here’s what you should know: ETH/BTC Breakout Hints at a Structural Trend Shift After more than a year of decline, the ETH/BTC ratio is finally showing signs of life. It recently broke through resistance at 0.02629 BTC and is now pressing up against 0.02968, a level that, if cleared, could set the stage for a full-blown uptrend in Ethereum’s valuation relative to Bitcoin. (Lookonchain) After a brutal slide that began in 2023 and worsened through mid-2024, ETH/BTC is showing early signs of life. The rebound off the 0.015–0.020 range hints at a possible long-term trend shift. But Bitcoin isn’t on the ropes yet. As 99Bitcoins analysts pointed out, BTC dominance (BTC.D) has yet to break its bullish structure. A full ETH/BTC uptrend could take weeks or months to play out, leaving room for BTC to rally. Bitcoin Dominance Drops, Opening the Door to Altcoin Season Part of Ethereum’s strength stems from renewed institutional interest. In July alone, Ethereum ETFs posted net inflows of over 79,674 ETH — roughly $256 million — with iShares’ fund accumulating nearly 56,000 ETH ($180M+). By contrast, Bitcoin ETFs logged higher dollar inflows — about $404 million — but Ethereum’s rate of ETF growth relative to its market cap is noteworthy. Bitcoin dominance has dropped over 5.4%, breaking below a key ascending trendline and now sitting at 62.47%. If the reversal sticks, the next leg of the cycle could tilt toward altcoins with Ethereum leading the charge. What Comes Next for ETH? (ETHBTC) A clean break above the 0.038 BTC resistance would lock in Ethereum’s reversal narrative — and turn institutional eyes squarely on ETH. In the meantime, ETH continues to benefit from favorable ETF flows, Trump family support, rising investor sentiment, and declining BTC dominance. ETH is about to cook. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The clock is ticking on one of crypto’s longest legal dramas, and the XRP price could be ready to rocket. All eyes are on Powell this week. As inflation lingers and labor metrics soften. The post Ethereum Outpaces Bitcoin in July Surge as ETF Inflows, BTC Dominance Shift Market Dynamics appeared first on 99Bitcoins.

President Trump is reportedly ready to crack open the $9 trillion retirement market via 401 (k) retirement plans. A new executive order in the works would instruct federal agencies to tear down barriers preventing 401(k) managers from allocating funds into alternative assets like crypto, gold, and private equity, according to the Financial Times. The order would instruct regulators to dismantle roadblocks that keep these assets out of retirement plans. Here’s what it means for you: BitcoinPriceMarket CapBTC$2.36T24h7d30d1yAll time Trump’s 401(k) Retirement Market Revolution The move escalates Trump’s rollback of Biden-era restrictions on retirement investing. The Labor Department’s previous stance has already been tossed, and what comes next is a more aggressive mainstreaming of alternatives like Bitcoin and private equity into the 401(k) ecosystem. Wall Street titans have been circling the wagons here since 2020. BlackRock, Apollo, and Blackstone are already striking deals with retirement giants like Empower and Vanguard, positioning themselves for what could be the largest capital migration in modern financial history. Markets reacted swiftly with BTC ▼-0.13% surging past $120,000 following the Financial Times report. If retirement accounts gain legal exposure to crypto assets, it could mark one of the largest influxes of institutional capital into the space yet. Legislative Backing Builds as House Passes Key Crypto Bills The executive order comes on the heels of legislative momentum in the House. On July 17, lawmakers passed a trio of major crypto bills: The CLARITY Act, which provides regulatory guidelines on whether tokens are securities or commodities. The GENIUS Act, a Senate-approved stablecoin bill that awaits Trump’s signature. The Anti-CBDC Act, which blocks the Federal Reserve from launching a digital dollar without Congressional approval. With regulatory clarity growing and political tailwinds shifting in crypto’s favor, Trump’s retirement reform could mark a pivotal moment for Bitcoin and millions of Americans. 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 President Trump is reportedly ready to crack open the $9 trillion retirement market via 401 (k) retirement plans. All eyes are on Powell this month as inflation lingers and labor metrics soften. The post Trump Set to Broaden 401(k) Retirement Investment Options to Include Crypto appeared first on 99Bitcoins.

Overview: The US dollar is trading softer against most G10 and emerging market currencies today. The dollar seemed to lose its bid late yesterday after Federal Reserve Governor Waller argued in favor a rate cut at this month's meeting, despite the TIC data that showed foreign investors bought more US securities in May than they did in the first five months of 2024 ($311 bln vs $95 bln), driving home the message again that the talk of a capital strike against the US over its large deficit/debt or loss of "American exceptionalism" has been grossly exaggerated. The US announced a 93.5% tariff on graphite from China (given the other tariffs the effective rates is near 160%), which may have the effect of making more it more expensive to develop an EV battery industry in the US. Equities are mostly firmer today after the S&P 500 and Nasdaq reached record highs yesterday. In the Asia Pacific region, among the large bourses, Japan, South Korea, and India failed to join the advance. Europe's Stoxx 600 is extending yesterday's gain, which snapped a three-day slide. It is practically flat on the week. US index futures are steady to firmer. Japanese long bond yields softened slightly despite the measure of CPI that excludes fresh food and energy unexpectedly rose. There may have been some light position squaring ahead of Sunday's upper house election. European benchmark 10-year yields are up 1-3 bp to pare this week's declines. A notable exception is the 10-year Gilt, which has seen a nearly eight basis point increase this week. The 10-year US Treasury yield is slightly softer, near 4.44%, which is up about three basis points on the week. Gold is firmer near $3353 but still within its recently well-worn range. August WTI is trading at its best level since Monday, near $68.50 following a new batch of EU sanctions on Russia and its oil. USD: A favorable combination of US data yesterday of stronger than expected retail sales, softer import prices, and the fifth consecutive decline in initial weekly jobless claims extended the Dollar Index's recovery. It reached 98.95, the highest level since June 23 and rose through the upper Bollinger Band (~98.85 today) for the first time in two months. There has been no follow-through buying and DXY is trading quietly lower. It has held below 98.60 and held so far above 98.30. We note that the North American session has seemed to be better dollar buyers this week. The week winds down with June housing starts, and after a dramatic 9.8% drop in May and modest rebound is expected. Economists will adjust residential investment projections that feed into Q2 GDP, which will be released on July 30. No fewer than a dozen Fed officials spoke this week and the Beige Book was published. There seems to be a broad agreement that the Fed's stance is appropriate, despite the pressure from the White House. Still, given Governor Waller's comments yesterday, it is possible he dissents from the most likely decision at the upcoming FOMC meeting to stand pat. The University of Michigan consumer confidence survey is due today. The assessment of current conditions and expectations may have softened. Economists polled by Bloomberg expect the one-year inflation outlook to remain elevated at 5%, which is not confirmed by other surveys or market measures. The 5–10-year inflation outlook may tick down to 3.9% from 4.0%. Recall at the end of last year, around the time of the Fed's last cut, the one-year inflation outlook was 2.8% and the longer projection was 3.0%. EURO: After ending a six-day slide on Wednesday, the euro was sold again yesterday. It made a marginal new low for the month, slightly above $1.1555. Still, it has come back better bid today and is knocking on the $1.1645 area late in the European morning. Barring a recovery above $1.1690 today, it will be the first back-to-back weekly loss for the euro since mid-May. The eurozone reported May's current account surplus was 32.3 bln euros. That puts this year's average monthly surplus near 25.1 bln euros. The average in the first five months of last year was about 36.3 bln euros. So, while the current account surplus has narrowed, the trade surplus has widened despite the increased penetration by China-based producers. The average monthly trade surplus this year has been about 18.55 bln euros, up from 17.33 bln euros in the Jan-May 2024 period. Separately, construction in the eurozone fell by 1.7% after rising a revised 4.3% in April (initially 1.7%), which was the strongest since May 2020. It is likely being flattered by government efforts and EU encouragement to modernize infrastructure. CNY: The dollar recorded the low for the year on July 1 near CNH7.15. It has probed the CNH7.19 area on Wednesday and consolidated slightly below there yesterday. The high from June 23 is around CNH7.1925 and the greenback has not traded above CNH7.20 since June 11. A narrow range prevails today (~CNH7.1800-CNH7.1860). The PBOC set the dollar's reference rate at CNY7.1498 (CNY7.1461 yesterday and CNY7.1475 a week ago). The dollar's fix yesterday was the lowest in nearly eight months (CNY7.1461) and the change, 0.09%, was the most in almost two months. Chinese officials continue to moderate the pressures emanating from the foreign exchange market. The yuan's rise against the dollar this year is modest (~1.6%). Beijing seeks not a strong or weak yuan but a stable one against the US dollar. It is not pegged to the US currency, as is the Hong Kong Dollar and the HKMA intervened earlier this week to defend the peg. Beijing does allow some movement in the yuan, and its chief tool remains setting the daily reference rate, around which the greenback is allowed to move 2%, but rarely does. Still, as we have noted, the daily fix was adjusted at the start of the year by about 0.01%. It has widened on average over the last several months, and while it is still quite small, it shows a little flexibility. JPY: The dollar is firm against the Japanese yen. It has met sellers a little above JPY149 for the past three sessions. It has held below there today, but the consolidation seems constructive. Nearby resistance may be seen around JPY149.40, the halfway point of this year's range. Above there is the 200-day moving average (~JPY149.70), which the greenback has not traded above since mid-February. It is not a popular view, but we note that the rolling 30-day correlation of changes in the dollar-yen and the US 10-year yield is slightly above 0.80, the highest it has been since the end of 2021. Japan's June CPI was largely in line with the signal generated from the Tokyo CPI that was released a few weeks ago. The headline pace slowed to 3.3% from 3.5% and the core measure, which excludes fresh food, eased to 3.3% from 3.7%. The surprise was the measure that excludes fresh food and energy, which edged up to 3.4% from 3.3%, despite the slippage in the Tokyo reading (3.1% vs. 3.3%). Note that the data highlight next week is Tokyo's July CPI (July 25) and headline and core rates are expected to have ticked down. Still, the elevated price pressures and the relatively weak yen underpins the dissatisfaction with the government. The LDP-Komeito coalition lost their majority in the lower house last year and look likely to lose the majority in the upper house in Sunday's election. A key programmatic difference between the coalition and leading opposition parties is over how to support households that are being squeezed by inflation. The coalition supports a cash handout while the opposition advocates a cut in the sales tax. GBP: While it is difficult to imagine a better string of economic data than the US reported yesterday, the opposite is true for the UK. Following last week's news of an unexpected contraction in May, the second consecutive month that the US economy shrank, it reported higher than expected CPI and weaker employment data in recent days. Sterling's eight-day slide was interrupted on Wednesday, but it resumed yesterday. Yet, it held above Wednesday's low, near $1.3365 yesterday. Sterling's loss of about 0.10% yesterday put it atop of the G10 performances against the dollar. It appears to have been supported by the rise in the year-end expected rate to about 3.75% yesterday, the fourth gain in five sessions and the highest level since June 9. Yesterday's 5.5 bp increase was the most in almost two months. Trading is subdued and sterling is in a narrow $1.3410-$1.3445 range so far today. A move above $1.3465 may help stabilize the technical tone. CAD: The greenback forged a base this week near CAD1.3670 and reached a new high for the month yesterday around CAD1.3775 yesterday. It is trading with a softer bias today in a tight range between about CAD1.3725 and CAD1.3755. We have often found that when the US dollar is bid, the Canadian dollar tends to perform well on the crosses. This has indeed been the case this month. The Dollar Index bottomed on July 1, and the Canadian dollar is the best performing G10 currency against the US dollar so far this month, losing only a little more than 1%. At the same time, the market has pulled away from another rate cut by the Bank of Canada this year. The swaps market implies a year-end rate of 2.55% (2.75% currently), which is up almost 15 bp this month. AUD: The disappointing Australian employment data helped send the Aussie to a new low for the month near $0.6455. This met the (61.8%) retracement of the rally from the June 23 low. It took out the potential neckline (~$0.6485), which projects to around $0.6380. The low from June 23 is a little below there. Yet, it would be more compelling if it had closed below the neckline, but it did not yesterday. Moreover, there was no follow-through selling and the Aussie has recovered slightly above $0.6520 today. Nevertheless, without a dramatic rally in the North American session, it will be the first weekly loss in four for the Aussie. MXN: The US dollar remains confined to Tuesday's range against the Mexican peso. It was roughly MXN18.65 to MXN18.8850. The upper end is also the high for the month. The month's low, set July 9 near MXN18.5525, was the lowest the greenback has been since last August. The momentum indicators warn that the consolidation phase may persist a bit longer and it continues today (~MXN18.7175-MXN18.7835). Even though the attractive carry pays to be long the peso even in sideways movement, there may be some trepidation ahead of August 1 that leads to some more long liquidation. Barring a setback in the dollar today below around MXN18.6370, it will be the first back-to-back gain for the greenback since early April. Disclaimer

The latest burst of momentum has carried the Dogecoin price through the psychologically significant $0.23 barrier, lifting the spot price to roughly $0.236 at press time and extending a weekly advance of more than 20 percent. The breakout unfolded while Bitcoin continues to consolidate just north of the $120 000 pivot, a level that many market technicians view as decisive for the entire altcoin complex. Technical strategist Kevin (@Kev_Capital_TA) published a daily DOGE/USD chart via X. In it, Dogecoin’s price action is framed by a multi-month falling-trend line whose boundary was first breached in November last year. Since that escape, price has returned to the diagonal three separate times—each touch ringed by Kevin in orange, signalling what he describes as “textbook post-breakout behaviour.” “Only a matter of time before #Dogecoin makes its move back up to the .28-.30 level and then well beyond,” he wrote. “As long as BTC holds up and keeps showing strength this should come sooner rather than later.” Dogecoin Price Targets Kevin’s roadmap is built around a dense cluster of Fibonacci retracements that dominate the right margin of his chart. Immediate resistance lies at the 0.618 and 0.65 retracement bands—approximately $0.261 and $0.285, respectively—followed by 0.703 at $0.329 and the 0.786 level at $0.413. Lower down, the 0.5 retracement at $0.190 has acted as a floor throughout July, while 0.382 at $0.138 marks the last line of defence for medium-term bulls. Beyond the classical retracement grid, Kevin projects an aggressive trio of Fibonacci extension lines—1.618 ($3.97), 1.65 ($4.33) and 1.703 ($5.00)—arguing that Dogecoin’s “thin-air zone” above last cycle’s peak could enable a parabolic overshoot if liquidity conditions mirror those of 2021. He stresses, however, that such targets “remain contingent on Bitcoin punching through $120,000-$123,000 and, ideally, sprinting toward $140,000-$150,000 where overhead supply thins out dramatically.” “People are already forgetting that #BTC drives this market and if BTC goes down it will all go down. … BTC needs to break $123,274—point-blank period. I don’t like the moseying around at this level for too long.” Related Reading: Dogecoin Poised For A Monster Rally Amid Brewing Altcoin Season For now, Bitcoin’s sideways grind below its all-time high has tempered altcoin exuberance. The macro picture is complicated by the fact that, as Kevin notes, “BTC, Total 2, ETH, and many other Alts are at major resistance levels—so do not try and be a hero here. If you missed the lows, that’s unfortunate, but do not FOMO at major resistance.” Should Bitcoin deliver the breakout the analyst community is looking for, the DOGE/BTC pair could accelerate sharply, validating Kevin’s view that the memecoin is “playing catch-up” and may be poised for an outsized percentage move once the broader market trend resumes. With Dogecoin now perched on the lip of its 0.618–0.65 resistance shelf, traders are watching for a daily close above $0.285 to confirm the next leg higher. Failure to hold the wedge top near $0.19 would, by contrast, postpone the bullish narrative and leave the post-breakout retest zone vulnerable. At press time, DOGE traded at $0.242.