Based on reports from the trading account Bitcoinensus on X, PEPE has formed a pattern that led to a 10x rally in the past. Now, some chart watchers believe a similar move could push prices even higher—possibly up to 20X the current level. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 Flag And Breakout Signals Drive Hope Traders spot a “flag” shape when price moves sideways after a drop and rise. Bitcoinensus pointed out that PEPE first formed one flag, then shot up from about $0.0000015 to $0.000015—a roughly 10x gain. The chart showed a second flag forming recently, and if PEPE breaks out again, it could mirror that earlier surge. Based on reports, a fresh breakout might send PEPE toward a 20X move from today’s prices. $PEPE Macro Outlook ???????? PEPE has been repeating the same explosive pattern: ???? Flag → ???? Breakout → ???? Flag → ???? Breakout So far: Accumulation 1 → 10x Accumulation 2 → Breakout in progress The next big move up will probably lead to the cycle top. History doesn’t… pic.twitter.com/Rqc6KBfWgn — Bitcoinsensus (@Bitcoinsensus) July 7, 2025 Price Targets And Support Levels Tested In a follow‑up post, Solberg Invest on X laid out a bullish short‑term view. Their target sits at $0.000015 if PEPE holds above the key support line at $0.0000102. That level has been tested multiple times in recent weeks, demonstrating some buying interest each time prices approached it. Traders warn that slipping below $0.0000102 could derail hopes for the next big leg up. Triangle Formation Signals Tension A recent chart indicates that PEPE is trading within a triangle pattern. Traders track triangles closely because they can lead to rapid moves following a breakout. Currently, PEPE is wedged at the top of this triangle. When trading volume picks up and the token closes over the old resistance line (indicated in red), it could ignite a new wave of buyers. Community Buzz Keeps Meme Coins Alive Meme tokens survive by social fervor, and PEPE has developed a devoted fan base on sites like X. Meme posts and community-led memes have powered previous rallies, prompting new investors to jump aboard. According to reports, continued buzz might be sufficient to initiate another run at least in the near term. Related Reading: Bitcoin Meets Heartbreak In Drake’s Latest Track—Details Risks And Rewards In Focus Even if history does rhyme, it doesn’t often repeat itself. Previous runs had PEPE tank just as severely, losing as much as 95% of profits in one session. Gambling on a 20X spike involves taking wild swings and sudden plunges. Anyone considering coming in at $0.0000102 should have in mind exit points and only risk capital that can be safely lost. Featured image from Meta, chart from TradingView
Tether CEO Paolo Ardoino revealed that the firm holds roughly $8 billion in gold in a Swiss vault during an interview with Bloomberg News on July 7. Ardoino called the site “the most secure vault in the world” and said the company owns almost the entire 80-ton stockpile outright, placing the El Salvador-based issuer among […]
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Analysts at BitMEX Research have raised the alarm about a scam targeting early Bitcoin holders, particularly those with wallets dating back to 2011. According to the firm, the scam appears to exploit long-dormant addresses by injecting false transactions and misleading messages via OP_Return outputs, an optional field in Bitcoin transactions that can carry arbitrary data. […]
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Meme coin TRUMP made waves when it launched on Solana on January 17, 2025, issuing 200 million tokens out of a planned supply of 1 billion. Related Reading: Bitcoin Meets Heartbreak In Drake’s Latest Track—Details According to trading data, its price shot from under $10 to a whopping $80 within hours, pushing its fully diluted valuation to nearly $75 billion. But by July 2025, TRUMP had tumbled back to $8.60, a 90% drop from its peak. Its circulating market cap now sits around $1.70 billion, with a fully diluted value of about $8.60 billion. Cross Chain Push Into Tron Based on reports from the project’s official X account, TRUMP plans its first expansion beyond Solana by launching on the Tron blockchain. This move is designed to tap Tron’s large user base and faster transaction speeds. Tron boasts over 100 million accounts and sub‑second confirmations, which the TRUMP team believes could fuel a fresh wave of buyers and traders. $TRUMP on #TRON is coming. Stay tuned! pic.twitter.com/S5WfV8APvU — TrumpMeme (@GetTrumpMemes) July 7, 2025 Volatile Price Swings Define TRUMP TRUMP’s rollercoaster debut underlines extreme volatility. After the initial frenzy in January, the coin’s price plummeted by 88% from $80 to $8.60. That slide erased roughly $65 billion in valuation. Today’s price reflects speculative trading rather than any long‑term adoption. Investors who rode the peak saw massive gains briefly, then steep losses just as quickly. Justin Sun’s Big Stake On May 20, 2025, Tron founder Justin Sun tweeted that he is TRUMP’s largest holder. He reportedly owns nearly $19 million worth of tokens after a $75 million investment in Trump’s World Liberty Financial platform. Sun’s position comes with perks. He won a “private dinner” alongside the top 220 token holders, securing a seat at US President Donald Trump’s Virginia golf club. Critics say that kind of setup blurs the line between crypto hype and pay‑to‑play politics. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 Central Control Raises Warnings Two Trump‑affiliated companies, CIC Digital LLC and Fight Fight Fight LLC, control 80% of TRUMP’s token supply. Those tokens are locked under a three‑year vesting schedule. Analysts warn that when insiders hold such large shares, they can sway prices at will. That level of centralization runs counter to crypto’s promise of open and fair systems. Senators Richard Blumenthal, Elizabeth Warren, and Jeff Merkley have called for new rules to curb how politicians and their allies can launch or endorse digital coins. They argue that projects like TRUMP could be used for personal gain or campaign boosts, creating a need for clearer boundaries. Traders And Regulators Brace For Tron Launch As TRUMP eyes a Tron debut, traders and regulators alike will watch closely. The move could spark a fresh surge in trading volume. Yet the same factors that drove its initial spike—viral hype, insider perks, and a heavy token concentration—could just as easily lead to another steep plunge. Featured image from Bankless Times, chart from TradingView
Metaplanet, the Japanese Bitcoin treasury firm, has revealed a bold strategy to convert its growing Bitcoin reserves into capital for acquiring profitable businesses. According to a July 8 Financial Times report, Metaplanet CEO Simon Gerovich said the company is preparing for a second phase where it can use Bitcoin as collateral to access bank financing. […]
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Ethereum’s smart-contract platform has crossed a major line. According to data shared by Token Terminal on X, the total value of tokenized assets on Ethereum now tops $6 billion. That figure covers products from asset managers, fund houses and blockchain firms. It proves institutions are treating on‑chain finance as more than a tech demo. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 Top Firms Drive Token Growth BlackRock leads the pack. The world’s largest asset manager holds the biggest share of tokenized AUM on Ethereum. Close behind are Franklin Templeton, WisdomTree, Superstate, Apollo and Ondo Finance. Franklin Templeton focused on parts of its US Government Money Fund. WisdomTree launched funds you can buy through a mobile app. Superstate and Apollo each add smaller but steady sums. Based on reports, these six names together make up most of the $6 billion milestone. Tokenized AUM on @ethereum is at an all-time high World’s biggest financial services firms & asset managers are tokenizing assets on Ethereum pic.twitter.com/5Xl4XXYQ3O — Token Terminal ???? (@tokenterminal) July 6, 2025 Adoption Speed Since Mid-2023 The climb didn’t happen in a day. Adoption started slowly around mid‑2023. It rose further in early 2024. Then by January 2025, the line on the stacked chart shot straight up. That jump comes as BlackRock and Franklin Templeton pour in fresh tokens. Faster trades and fewer middlemen are big draws. Trades that once took days can now settle in minutes or seconds. That kind of speed appeals to big investors, who want clarity and a clear audit trail. This push into tokenized finance shows a shift in how big firms manage money. Ethereum still faces questions about scaling. If gas fees jump again, trading costs could rise sharply. Related Reading: Bitcoin Meets Heartbreak In Drake’s Latest Track—Details On Rules & New Fund Types Regulators in the US, Europe and Asia have yet to set clear rules. A clampdown in one region might push firms toward other chains or private blockchains. Competition from Solana, Avalanche and new networks is already heating up. With $6 billion on‑chain, tokenized assets are past the trial stage. More firms will likely join once rules firm up and scaling solutions roll out. Markets could see new fund types, cross‑border trades and on‑chain yield tools. For now, Ethereum holds the lead. Yet the next hurdles—fee pressure, rule making and rival chains—will test whether it can keep growing. Featured image from Meta, chart from TradingView
Strategy (previously MicroStrategy), the Bitcoin proxy firm co-founded by Bitcoin bull Michael Saylor, has made headlines once again on Monday, but not for its usual Bitcoin acquisitions, but for its notable absence of purchases during the week of June 30 to July 6. This marks the first time since late March that the largest corporate holder of BTC has not added to its impressive treasury, which currently stands at 597,325 Bitcoin, valued at approximately $64.71 billion. Strategy Bitcoin Investment Hits A Pause The lack of activity in Bitcoin acquisitions is surprising, especially given Strategy’s aggressive purchases over the past few months. These purchases have brought the company close to holding nearly 3% of the cryptocurrency’s total supply. From April 7 through June 29, the company invested $6.77 billion in acquiring 69,140 BTC, averaging about $97,906 per coin. At current market prices, these investments have appreciated by 10.4%, now worth around $7.49 billion. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 In terms of trading, Strategy’s stock (trading on the Nasdaq under the ticker symbol MSTR) saw a slight decline of 0.7% during morning trading hours, which is in line with the 0.8% drop in Bitcoin prices. As of this writing, MSTR closed the day at $395. This highlights the close relationship between the company’s performance and the volatility of the cryptocurrency market. However, the company’s stock has enjoyed a rise of 38.5% in 2025, outpacing BTC’s 16.1% increase and the S&P 500’s modest gain of 6.1%. Up To $4.2 Billion For Future BTC Investments In addition to this pause in BTC purchases, Strategy did not issue any new common or preferred shares during the specified week. However, the company announced a sales agreement to potentially issue and sell up to $4.2 billion in 10% preferred stock. According to Monday’s press release on the matter by the Bitcoin proxy firm, the proceeds from this sales agreement are earmarked for general corporate purposes, which include future BTC acquisitions and working capital needs. Related Reading: Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target The new preferred stock, known as Series A Perpetual Stride Preferred Stock, will be sold in a “disciplined manner,” taking market conditions into account, highlighting the firm’s ongoing commitment to leveraging its financial strategies to enhance its BTC holdings, even as it temporarily steps back from direct purchases. At the time of writing, BTC is trading at $107,855, marking a 1.5% decline within the last 24 hours, increasing the gap between the current price and its record by 3.5%. This follows a failed attempt last week to overcome the cryptocurrency’s most significant resistance level of $110,000 and establish a new all-time high above its current record of $111,800. Featured image from DALL-E, chart from TradingView.com
Bitcoin has continued to trade within a tight range just below its previous all-time high, showing recent signs of upward movement but falling short of reclaiming its peak price. The asset recorded a seven-day high of $110,307, but it has since cooled, with current trading levels around $108,311, representing a slight 0.3% drop over the last 24 hours. While the broader market maintains cautious optimism, several indicators suggest that market participants remain split on where Bitcoin is headed next. Related Reading: Are Bitcoin Retail Traders Back In The Market? On-Chain Data Suggests So Bitcoin Shorts Increase on Binance Despite Price Climb Despite the price strength seen in recent days, certain signals hint at increasing friction between bullish price action and bearish positioning from traders. According to a recent analysis by CryptoQuant contributor BorisVest, Bitcoin’s rise is being met with a counterintuitive decline in funding rates on Binance, the largest crypto exchange by volume. This trend could play a crucial role in shaping short-term market behavior. BorisVest noted that as Bitcoin consolidates within the $100,000 to $110,000 range, funding rates on Binance have gradually declined. This suggests that a significant number of traders are taking short positions—essentially betting that Bitcoin’s rally will soon reverse. The analyst explained that this behavior indicates skepticism about the sustainability of the recent price gains, particularly among retail and leverage-focused traders. “The declining funding rates show that users on Binance are increasingly shorting Bitcoin,” he explained. “This dynamic often creates forced exits as short positions come under pressure, leading to liquidations or forced margin increases. These events can further propel upward price movement as positions get closed out automatically.” Given Binance’s dominance in trading volume, BorisVest emphasized that its funding rate trend serves as a strong proxy for overall market sentiment. If current positioning continues, the market may see a short squeeze, which could accelerate Bitcoin’s momentum toward new highs. On-Chain Metric Flags Caution as NVT Golden Cross Edges Higher While futures market dynamics are drawing attention, on-chain data is also showing signs worth monitoring. Another CryptoQuant analyst, Burak Kesmeci, highlighted the movement of Bitcoin’s NVT Golden Cross metric, a tool used to assess market value in relation to on-chain transaction volume. This metric has historically signaled local tops when it moves above specific thresholds. In his analysis, Kesmeci pointed out that the NVT Golden Cross successfully identified three prior short-term peaks in 2025, each followed by corrections ranging from 9% to over 20%. Related Reading: Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High? The metric currently sits at 1.98, below the 2.2 threshold that has often indicated overheated market conditions, but is trending upward. “While the current level isn’t yet in the danger zone,” Kesmeci wrote, “its upward trajectory could be an early warning that price momentum is beginning to overextend.” However, the analyst cautioned against interpreting the signal as immediately bearish. In previous cases, the NVT Golden Cross remained elevated for several days before a correction followed. This behavior may instead point to continued strength among bulls, at least in the medium term, even if a near-term pullback remains possible. Featured image created with DALL-E, Chart form TradingView
Solana’s tokenized stock market hit $48.53 million on July 4, up more than threefold from $15.28 million on June 20, according to on-chain data tracked by rwa.xyz. Solana’s tokenized stocks capitalization expanded more than threefold in two weeks, outpacing every other tracked network during the period. Furthermore, the tokenized stock market on Solana represented 11.4% […]
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Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength despite expectations that the US Federal Reserve (Fed) will keep interest rates unchanged at its upcoming July 30 meeting. However, some indicators suggest that the market may be entering overheating territory. Bitcoin Market Entering Overheating Territory? According to a recent CryptoQuant Quicktake post by contributor burakkesmeci, the Bitcoin Network Value to Transaction (NVT) Golden Cross is on the rise. Importantly, this upward movement is beginning to signal signs of market overheating. Related Reading: Bitcoin Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising For the uninitiated, the Bitcoin NVT Golden Cross is a technical indicator that compares short-term and long-term moving averages of the NVT ratio to identify potential market tops or bottoms. When the short-term NVT crosses above the long-term average, it often signals that Bitcoin is becoming overvalued and may face a short-term correction. Notably, this indicator has successfully predicted three local tops so far in 2025. The first occurred on February 5, when the NVT Golden Cross hit 2.68 while BTC traded at $97,600, followed by a 23.65% correction. On March 24, the indicator peaked at 2.87 with BTC around $87,500, leading to a subsequent correction of 16.06%. Most recently – on June 16 – it rose to 2.21 with BTC trading at $106,800, which was followed by a 9.87% price dip. Currently, the NVT Golden Cross stands at 1.98. Although it hasn’t crossed the key 2.2 threshold yet, its upward trajectory suggests that market overheating could be brewing. The CryptoQuant analyst explained: Breaking its previous high is moderately bullish and shows momentum is building. If the metric crosses 2.2 again, it may hint at a local top. But don’t rush to exit – historically, the metric has stayed above 2.2 for several days. In conclusion, burakkesmeci noted that while crossing the 2.2 level might suggest Bitcoin is heating up in the short-term, it could also signal a return of bullish momentum in the medium-term. That said, the opinion on BTC’s short-term price trajectory is largely divided. Analysts Split Over BTC Price Action The NVT Golden Cross suggests that BTC may still have room to rally before hitting a potential local top. However, some analysts foresee a short-term pullback before Bitcoin reaches new highs. Related Reading: Bitcoin Network Volume Echoes Mid-2021 ‘Stable Equilibrium’ – Is A Big Move Brewing? For instance, noted crypto analyst Chistian Chifoi described the current BTC price action as a “deceptive setup,” warning it may trap bulls before a possible surge toward a new all-time high (ATH) of $160,000. Meanwhile, on-chain analytics firm Glassnode forecasts BTC’s short-term peak at $117,000. At press time, BTC trades at $108,204, down 0.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin (BTC) continued to trade between $100,000 and $110,500 for a second consecutive week as smaller investors replaced whales on the buy side, Bitfinex Alpha reported on July 7. The report noted that BTC spent most of July so far within a 10% channel, capped by the January high of $109,590 and floored near the […]
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Ethereum co-founder Vitalik Buterin said he is rethinking his long-held preference for permissive software licenses, advocating for broader use of “copyleft” frameworks as open source enters what he described as a more competitive and concentrated era. In a blog post published on July 7, Buterin explained that permissive licenses such as MIT or CC0 have […]
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Bit Digital sold 280 Bitcoin (BTC) from its treasury and used the proceeds to purchase Ethereum (ETH), marking the completion of a three-month transition to an Ethereum-only treasury strategy. According to a July 7 announcement, the New York-based miner also closed an underwritten share sale that raised approximately $172 million in gross proceeds, as stated […]
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CoreWeave, a rising player in the artificial intelligence industry, has entered a definitive agreement to acquire Bitcoin mining company Core Scientific in an all-stock transaction, according to a July 7 announcement. This strategic move would help CoreWeave to strengthen its data center capabilities and expand its AI and high-performance computing (HPC) infrastructure. Agreement terms Under the […]
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The TON Foundation has denied claims that it has launched an official UAE Golden Visa initiative, clarifying that no formal partnership exists between the blockchain project and the UAE government. The clarification follows widespread social media reports suggesting that digital asset investors could gain UAE residency through staking TON tokens. Over the weekend, TON promotions […]
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The Eleventh Circuit Court of Appeals on July 3 vacated the Northern District of Florida’s 2023 order upholding the Treasury’s sanctions against Tornado Cash and instructed the lower court to dismiss the case. The one-page mandate ends the Coin Center v. Yellen appeal, the only remaining case over OFAC’s August 2022 designation of the Ethereum-based […]
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Strategy, the largest corporate holder of Bitcoin, expanded its digital asset portfolio by $21 billion in the second quarter of 2025, driven largely by BTC’s sharp price increase. According to the Michael Saylor-led firm, Bitcoin surged from $82,445 to $107,752 between April and June, pushing its unrealized gains on its BTC holdings to $14.05 billion. […]
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The Russian Ministry of Energy has introduced a nationwide registry for Bitcoin mining equipment to enforce tax regulations and curb unauthorized activity. According to a report from RIA Novosti, the initiative is the result of a coordinated effort between the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. Authorities have […]
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Stellar Lumens hit a critical support level this week at $0.20, putting the token in a precarious spot. At that price, XLM sits 30% below its peak in May and 60% under its 2024 high. Related Reading: Bitcoin Meets Heartbreak In Drake’s Latest Track—Details Based on reports, bears have been piling on, pushing the funding rate into negative territory since early June. If that support gives way, traders warn XLM could slide toward $0.15, a drop of about 35%. Network Activity Up According to Artemis, operations on the Stellar network surged to 197 million in June. Stablecoin supply also reached a record $667 million. Over the past five months, the total value locked in real‑world asset tokenization grew to $487 million, helped by new offerings such as the Franklin OnChain US Government Money Market Fund. Those figures suggest healthy demand for on‑chain services and asset tokenization inside Stellar’s ecosystem. Funding Rates Down Funding rates in perpetual futures have been negative most days since May. That means more short positions than long ones, with short traders paying long traders to keep their bets in place. XLM’s funding rate hit its lowest point since June 30, pointing to rising bearish sentiment. When funding rates stay deep in the red, it often adds selling pressure as traders brace for steeper losses. The image above shows that XLM funding rates are down on most major exchanges, particularly for stablecoin-margined pairs, data from Coinalyze shows. On‑Chain Growth Clashes With Market Mood Nansen data shows the number of transactions rose by 11% over the last seven days to 182 million. Active addresses climbed 10% to 146,700 in the same span. Even so, price action has ignored these gains. XLM fell beneath its 50‑day and 100‑day Exponential Moving Averages, and momentum appears to favor sellers. Some market watchers suggest that deep negative funding could trigger a short squeeze, turning sentiment around if shorts rush to cover. Chart Patterns Warn Of Drop The daily chart reveals a descending triangle pattern, with $0.21 forming the lower trendline. That level also marked April’s lows when altcoins broadly sold off. XLM has slipped below the 60% Fibonacci Retracement zone, where many traders expect a bounce. A clean break under the triangle could unleash algorithm‑driven orders, sending price toward $0.15. Related Reading: Brazil’s Central Bank Hacked—$40M In Crypto Washed In Aftermath Meanwhile, Stellar’s fundamentals look solid, but technical signals remain bearish. Traders and holders should watch that $0.21 line. A strong rebound there could restore confidence in on‑chain strength. On the flip side, a slide through support may spark faster losses. Either way, XLM’s near‑term path hinges on that key level. Featured image from Meta, chart from TradingView
IREN noted record-high monthly revenue in June at $68 million, as well as a peak of $51 million in total hardware profit in June.
The XRP price has been holding on pretty tightly to its support level above $2.2 and continues to be a major level of pushback for the bears. This has shown that buyers are beginning to make a comeback at this level amid predictions that it will be the bounce point for the next rally. Regardless of this, a crypto analyst still believes that this support remains at risk as bears continue to push down on the price, and the result could be a major price crash from here. XRP Price Could Stage A Classic Bear Trap While there has been some recovery in the crypto market and, by extension, the XRP price, there has not been enough momentum to show that this is a sustained increase. This is something that crypto analyst MyCryptoParadise alludes to in their latest analysis, warning that it is possible that the digital asset might end up seeing a classic bear trap. Related Reading: Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown The reason behind this is the fact that there have been a number of bearish developments on the XRP price chart that suggest that the price is likely to go down. For one, a Change of Character toward the more bearish side puts sellers in the lead, and this usually signals the start of a bearish downturn. Another development that has rocked the altcoin is an inverse Cup and Handle pattern that is still in the process of playing out. The crypto analyst also explained that these developments, in addition to the break below the key support trendline, suggest that a crash is coming for the XRP price. From here, bears are already applying pressure that could result in a 10% crash. This would push the cryptocurrency back toward the previous support, and according to the analyst’s chart, this lies just above the $2 level. What this means is that a crash from here also puts the altcoin at risk of falling below $2, something that would be incredibly bearish and could lead to freefall. Wait For Confirmation Before Moving MyCryptoParadise outlined that the best way to play this analysis is to wait for confirmation. With the bearish thesis, they explain that it is best to wait for the XRP price to see a “proper pullback” before they enter the market. This would increase the risk-to-reward ratio after the trend direction has been confirmed. Related Reading: Pundit Predicts XRP Price Will Surge 35,000% When These Two Things Happen However, there is also the possibility that the XRP price does not crash from here and that lies at the $2.28 level. The analyst explained that if the price is able to cleanly break above this level and make a successful close above $2.28, then it would invalidate the bearish thesis and mark a continuation of the uptrend. “In such a case, it’s better to stay patient and wait for clearer price action before making any decisions,” the analyst said. Featured image from Dall.E, chart from TradingView.com
Ethereum co-founder Vitalik Buterin and Toni Wahrstätter, a researcher at the Ethereum Foundation, have put forth a proposal that will cap the maximum gas a single transaction can use. The proposal, EIP 7983, claims: “By implementing this limit, Ethereum can enhance its resilience against certain DoS [Denial of Service attack] vectors, improve network stability, and […]
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Bitcoin is again in the spotlight as hackers hogged the headlines following a June 30 attack on C&M Software. The breach sent shockwaves through Brazil’s banking system. Hackers slipped into the company that links smaller banks and fintechs to the Central Bank’s PIX platform. Related Reading: Bitcoin Meets Heartbreak In Drake’s Latest Track—Details In about two and a half hours, they moved roughly 800 million reais—almost $148 million—from reserve accounts at six institutions. One bank, BMP, watched $73.8 million vanish before spotting the fraud. It later recovered about $29.5 million when alarms finally sounded. $140M HACK in Brazil – Insider Sold Access for Just $2.7K?! ZachXBT reports a $140M breach in Brazil, where an insider allegedly sold system access for only $2.7K. Around $30–40M was funneled into crypto via LatAm OTC desks. One of the biggest insider leaks in recent memory?… pic.twitter.com/ehMqjuQGCi — Crypto Patel (@CryptoPatel) July 4, 2025 Hack On Key Payment Node According to Brazilian authorities, the break‑in began when an IT worker at C&M sold his login details for the equivalent of $2,770. Based on reports, he then helped build the system that let attackers pull funds. That inside help turned a simple login into a major hole in the PIX network, which handles instant payments across Brazil. After stealing the credentials, the hackers launched coordinated transfers. They grabbed money from six reserve accounts without tripping any alerts for nearly 150 minutes. BMP’s CEO, Carlos Benitez, said the breach only surfaced when his team spotted odd transactions late on June 30. Bitcoin Used As Exit Route Investigators quickly noticed at least $40 million flowing into Bitcoin, Ethereum and various stablecoins. They traced large sums moving through Latin American over‑the‑counter desks and crypto exchanges. This shift underscores how digital coins can become a convenient escape hatch when traditional firewalls fail. Stablecoins played a big role. Their constant value makes them a favorite for criminal networks looking to dodge swings in price. The Financial Action Task Force recently warned that stablecoins pose growing money‑laundering risks without clear global rules. Bitcoin: Law Enforcement Moves In Within days, courts froze dozens of accounts thought to hold stolen funds. Authorities say they’ve secured about $50 million so far. Still, a large chunk remains unaccounted for, drifting somewhere on blockchains. Related Reading: XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ Steps Taken To Recover Funds Based on reports, the Central Bank cut back C&M’s access to vital systems while officials scrambled to plug the leak. João Nazareno Roque, the accused insider, was arrested on July 3 and remains in custody. No retail customers lost a cent, since only institutional reserves were targeted. This breach shows how one weak link can bring down a big network. Brazil will need tighter checks on insider access, faster fraud detectors and stronger oversight of crypto platforms. Featured image from Cyber Defense Magazine, chart from TradingView
Telegram’s Open Network (TON) today announced an interesting initiative: a 10-year UAE Golden Visa to investors who stake $100,000 worth of Toncoin (TON) for three years. The program dramatically lowers the entry threshold for residency in the United Arab Emirates and is the first of its kind within the crypto space. How the TON golden […]
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Grammy‑winning artist Drake has just put out a new track called What Did I Miss? that makes a clear link between his rocky love life and Bitcoin’s wild swings. According to reports, he raps, “I look at this shit like a BTC, could be down this week, then I’m up next week.” Related Reading: XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ That line isn’t just catchy—it’s another sign of how Bitcoin references are moving past finance blogs into hit songs. Adoption Numbers And Hype Based on reports from River, nearly 5% of the world’s population has used or owns Bitcoin so far. That’s a long way from Blockware’s forecast that 10% could be on board by 2030. Those numbers show that while the buzz is loud, real wallets holding Bitcoin remain few. For many, Bitcoin is still a headline rather than a habit. State Level Moves Shift Policy Last month, Texas became the first US state to set up a public Bitcoin stockpile. Governor Greg Abbott signed Senate Bill 21, creating a standalone fund run by state’s comptroller. That setup keeps the reserve out of the normal state treasury, so it can’t be raided for other expenses. A follow‑up bill, HB 4488, cements its legal protection, making sure the fund stays intact no matter what. Not every state has pushed ahead. In May, Florida dropped its crypto legislation, joining Wyoming, South Dakota, North Dakota, Pennsylvania, Montana and Oklahoma in pulling back. Arizona’s House Bill 1025, despite getting farther than any similar measure, was vetoed by US President Donald Trump on May 3. Bitcoin Lyrics Hit Home Drake’s new verse isn’t his first high‑stakes play with crypto. Back in 2022, he put $1 million worth of Bitcoin bet on the Super Bowl. That bold wager grabbed headlines and showed he takes crypto chances seriously. Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Now, by weaving Bitcoin into his music, he’s giving millions of listeners a taste of what traders already know: prices can swing hard, fast, and without warning. Looking ahead, Drake’s new song and Texas’s reserve show two sides of crypto’s rise. The pop‑culture nods pull attention, while real‑world policies test whether Bitcoin can move from hype into everyday use. If both trends keep climbing, Bitcoin could win more hearts—and wallets—in the years to come. Featured image from Chris Delmas/AFP/Getty, chart from TradingView
Mainland China chipmaking capacity is accelerating, now poised to become the world’s leading semiconductor foundry hub by 2030, and overtaking Taiwan in total capacity, according to the latest projections from Yole Group. Chinese dominance in this field is fueled by the country’s push to manufacture its own tech as U.S. export restrictions continue to ramp […]
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Bitcoin’s climb past $110,000 this week has reignited a fresh round of bullish calls. Prices hit $110,150 on July 3 and traded a little past $108,000 level at last check, showing a small 0.41% dip in 24 hours but a 1.20% rise over seven days. Related Reading: Dogecoin Social Surge: Rising Buzz And Network Use Spark New Interest This steady move higher has drawn voices from social media, stirring debate on whether Bitcoin is truly underpriced or in danger of slipping back below key levels. Undervalued At $110K According to Altcoin Daily, Bitcoin at $110,000 is “undervalued,” with the analysts arguing there’s plenty of room to run. That bold claim has fans cheering, and some even dream of $1,000,000 down the road. Bitcoin at $110k is undervalued! [screenshot this] — Altcoin Daily (@AltcoinDaily) July 3, 2025 Other users have pushed back, asking what on‑chain data or metrics back up this view. They point out that until Bitcoin clears resistance at $110,500, a real breakout isn’t confirmed. Based on reports from market trackers, global liquidity is on the rise. Market observers picked up on that, saying more cash floating around can push Bitcoin higher. Rising liquidity often fuels big moves in risk assets. Still, traders keep an eye on futures funding rates and miner sell‑pressure, looking for clues if a pullback is brewing. Global Liquidity just hit a new ATH. Bitcoin will follow! pic.twitter.com/gH1Kl2D1Zw — Crypto Rover (@rovercrc) July 3, 2025 Mixed Views Online Some followers argue that inflation and new tariffs could dampen Bitcoin’s rally. Others note that central banks are still buying time before any rate hikes, which may give crypto another boost. The back‑and‑forth on social media reads like a mini war room, with short comments and deep threads floating around. Plenty of voices, but few hard answers. Past Bull Runs Altcoin Daily wasn’t shy about past calls either. Just days earlier, they said that once Bitcoin tops $150,000, investors would wish they’d bought more at lower prices. That kind of hindsight talk can be stirring, but it doesn’t change the here‑and‑now charts or the macro calendar. Exec Calls For Hedge Based on remarks by Matt Hougan, Chief Investment Officer at Bitwise, now could be a good time to buy Bitcoin. Hougan pointed to Ray Dalio’s warnings about US debt, which has swelled past $7 trillion in annual spending against $5 trillion in revenue. With each household on the hook for roughly $230,000, Dalio says holding Bitcoin can act as a hedge against future money‑print risks. Related Reading: Ethereum Network Awakens—Massive On-Chain Moves Signal What’s Coming Price Action On Crosshair Investors will be watching both price action and big‑picture events. A solid break above $110,500 might pull in more buyers. But if inflation surprises on the upside or tariffs hit harder, odds could shift quickly. For now, Bitcoin’s story is still unfolding—and the next few days could tell us a lot about where it’s headed. Featured image from Meta, chart from TradingView
Conor Grogan, Head of Product at Coinbase, believes that there is a “small possibility” that the transfer of $8.6 billion worth of Bitcoin (BTC) on July 4 was a hack. Calling his claim “extreme speculation” in an X post on Friday, Grogan said he found the transaction movements to be “extremely odd.” He added: “If […]
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Popular market analyst and key opinion leader (KOL) Ted Pillows is projecting the crypto market to hit a $4.5 trillion valuation before Q3 2025 ends. This interestingly bullish forecast comes off the back of another Bitcoin price rejection allowing the total crypto market cap to maintain the choppy price movement seen in the last month. Related Reading: Bitcoin Near Historic Weekly Close Despite Drop – Analyst Warns Of Volatile Weekend Rally Ahead? Crypto Market Tests $3.5T Barrier In an X post on July 4, Pillows shares an insightful technical analysis on the total crypto market cap. Using the daily CryptoCap chart from Tradingview, the renowned analyst highlights the recent formation of a bull flag hinting at an impending price breakout. For context, the bull flag is a classic bullish continuation pattern. It starts with the formation of a flagpole i.e. a strong upward price movement, as seen between early April to late May when Bitcoin reached a new all-time high. This structure is followed by the “flag,” i.e., a descending price channel that reflects a period of consolidation. This market action is seen from late May to the present, as the crypto market cap entered a temporary pullback phase. Pillows’ analysis shows a complete bull flag formation. However, the crypto market cap must achieve a decisive price close above the $3.5 trillion mark which represents the upper boundary of the flag to confirm a price breakout. If this bullish scenario occurs, Ted Pillows predicts the crypto total market cap to surge to around $4.3 trillion – $4.5 trillion in Q3 2025. Considering its market dominance levels of 62.77%, Bitcoin’s market cap could also rise to around $2.82 trillion in such bullish conditions providing a market price of $141,800 per unit. However, it’s worth noting that the occurrence of an altseason amidst this crypto price surge could alter the projected market status for the premier cryptocurrency. Related Reading: Ethereum Approaches Wyckoff ‘Liftoff’ Phase – Can ETH Reach A New High? Crypto Market Overview According to data from Coingecko, the total cryptocurrency cap is presently valued at $3.39 trillion following a 5.21% decline in the past day in line with the negative price changes with the Bitcoin market. However, the ongoing crypto bull run has delivered an impressive 51.24% gain over the past year. The market leader, Bitcoin, is presently valued at $108,118 reflecting a 1.46% loss in the last 24 hours as previously stated. The maiden cryptocurrency is also witnessing a 14.40% fall in daily trading volume indicating crash in transactions and market activity. Featured image from Toptal, chart from Tradingview
Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 range at the time of writing. Although the digital asset remains down 19% on a year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, crypto trader Merlijn The Trader noted that Ethereum appears to be following the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by parabolic price action. Related Reading: Ethereum Breakout Imminent? Broadening Wedge Hints At $4,200 Surge In the Wyckoff accumulation pattern, the ‘creek’ represents overhead resistance where price struggles to break higher, while the ‘spring’ is a false breakdown below support, meant to trap bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked by a sharp recovery and breakout above resistance, signaling the start of a new bullish trend. The analyst shared the following Ethereum daily chart, which shows the cryptocurrency on the verge of a potential breakout, with its next major resistance at the $3,700 level. A successful breakout and retest of this level could set the stage for a new all-time high (ATH). Fellow crypto analyst Crypto GEMs also pointed toward Ethereum getting ready for a significant move to the upside. The analyst shared the following chart which compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 2024 performance, it could break above the $3,000 mark in the near term. However, not all analysts share this bullish outlook. For instance, noted crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset trading within a rising wedge pattern. He cautioned that unless ETH breaks out of this formation, it may face a drop to $2,200. To explain, a rising wedge pattern is a bearish chart formation where price moves upward within converging trendlines, indicating weakening bullish momentum. It often signals an upcoming breakdown, as buyers lose control and sellers push the price lower after the wedge is breached. ETH Network Sees Renewed Activity In a separate X post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum are nearing ATH level for the first time since 2021. Typically, heightened network activity tends to precede major price movements. Analyst Crypto Rover echoed this view, noting that active addresses across the Ethereum network have hit a new all-time high. They added that ETH below $3,000 is “an absolute steal.” Related Reading: Ethereum Flashes Golden Cross On Daily Chart – Is A New ATH Within Reach? Meanwhile, Ethereum liquid staking is also inching toward historic levels, with 35.5 million ETH now locked. At press time, ETH trades at $2,522, down 3.8% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com