The XRP community has reason to celebrate as ProShares is set to launch its XRP Futures ETF on July 18, 2025. This new ETF has officially received approval from NYSE Arca, making it one of the first XRP-related ETFs to enter the market. This move is expected to attract more attention from big investors and …
Hungary has updated its Criminal Code, imposing potential prison sentences for those using or running unauthorized crypto exchanges.
In a recent interview, Steven McClurg, CEO of Canary Capital, shared some interesting thoughts about XRP’s future in the financial world. According to him, cryptocurrencies like XRP and Ethereum could soon hold a bigger share of the market, especially in terms of assets managed through ETFs (Exchange-Traded Funds). Currently, Bitcoin leads with around 5.6% of …
Rep. Maxine Waters has warned two pending crypto bills could gut consumer protections and hand more power to politically connected players.
Abacus commanded around 70% of the market share across all Bitcoin-enabled Western darknet marketplaces in 2024.
The approval of ProShares' leveraged XRP ETF could boost investor interest in crypto derivatives, potentially increasing market volatility.
The post ProShares leveraged XRP ETF gets NYSE Arca clearance, prepares for trading debut appeared first on Crypto Briefing.
Ethereum price started a fresh increase above the $3,000 zone. ETH is now consolidating gains and might correct lower toward the $2,900 zone. Ethereum started a fresh increase above the $3,000 level. The price is trading near $2,940 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,900 zone in the near term. Ethereum Price Rallies Above $3,000 Ethereum price started a fresh increase above the $2,800 zone, like Bitcoin. ETH price gained pace for a move above the $2,880 resistance zone and entered a positive zone. The bulls even pumped the price above $2,920. Finally, it tested the $3,080 zone. A high was formed at $3,081 and the price is now consolidating gains. There was a move below the 50% Fib retracement level of the upward move from the $2,905 swing low to the $3,081 high. Besides, there was a break below a key bullish trend line with support at $2,980 on the hourly chart of ETH/USD. Ethereum price is now trading near $2,940 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,980 level. The next key resistance is near the $3,000 level. The first major resistance is near the $3,040 level. A clear move above the $3,040 resistance might send the price toward the $3,080 resistance. An upside break above the $3,080 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term. Are Downsides Supported In ETH? If Ethereum fails to clear the $3,000 resistance, it could start a downside correction. Initial support on the downside is near the $2,940 level and the 76.4% Fib retracement level of the upward move from the $2,905 swing low to the $3,081 high. The first major support sits near the $2,900 zone. A clear move below the $2,900 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,720 support level in the near term. The next key support sits at $2,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,900 Major Resistance Level – $3,000
Bitcoin (BTC) surged to a new all-time high (ATH) of $123,218 earlier today, pushing its market cap beyond $2.4 trillion. However, exchange data shows a sharp increase in BTC inflows following this milestone, raising concerns of a potential short-term correction. Bitcoin Exchange Inflows Warn Of Pullback According to a CryptoQuant Quicktake post by contributor Tarekonchain, BTC is beginning to show signs of short-term cooling. Notably, exchange inflows recorded a sharp uptick right after Bitcoin hit its fresh ATH. Related Reading: Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets The following chart shared by the analyst highlights exchange netflows to spot platforms, with notable spikes in inflows to centralized exchanges. This typically indicates profit-taking behavior by short-term holders and some whales. Tarekonchain noted that such on-chain activity is usually indicative of a local top that could lead to a healthy price correction or consolidation in the coming days. They added: It’s a classic pattern we’ve seen after previous parabolic rallies – profits are realized, weak hands exit, and price finds a new base. That said, the analyst noted that despite the warning signs of a looming price correction, the overall market structure remains largely bullish. For instance, long-term holders are still holding their BTC, not keen on selling at current price levels. Supporting the bullish thesis, spot Bitcoin exchange-traded funds (ETFs) continue to attract strong capital. For the week ending July 11, they saw $2.72 billion in net inflows – a clear sign of ongoing institutional interest. Whales Preparing To Sell? In a separate post, CryptoQuant contributor Crazzyblockk pointed to an uptick in whale activity on Binance. The Binance Whale Activity Score shows that deposits from large wallets have spiked dramatically. Related Reading: Bitcoin Uptrend Intact, But Binance Activity Warns Of Short-Term Pullback Whales reportedly deposited as much as 1,800 BTC to Binance in a single day, with more than 35% of transactions valued at over $1 million, hinting at strategic positioning ahead of expected volatility. Crazzyblockk highlighted two possible scenarios following the surge in deposits from large-scale investors. First, it is likely that these investors are sitting on healthy profits and may be getting ready to secure some gains after a historic run. Alternatively, they might be aiming to leverage Binance’s deep liquidity to hedge or open new positions as the market experiences heightened volatility. Either way, this sell-side pressure on Binance is likely to weigh on BTC’s bullish momentum. Despite rising inflows and increased whale activity, market sentiment remains broadly positive. Retail investor participation is still muted compared to previous bull runs, suggesting the current rally might still have room to grow. At press time, BTC trades at $119,449, up 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin price started a fresh increase above the $118,500 zone. BTC traded to a new high above $120,000 and recently started a downside correction. Bitcoin started a fresh increase above the $120,000 zone. The price is trading near $118,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $119,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,500 resistance zone. Bitcoin Price Sets New ATH Bitcoin price started a fresh increase after it cleared the $116,500 resistance zone. BTC gained pace for a move above the $118,000 and $120,000 resistance. The bulls even pumped the pair above the $122,000 resistance zone. A new all-time high was formed at $123,140 and the price is now consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the $108,636 swing low to the $123,140 high. Besides, there was a break below a bullish trend line with support at $119,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading near $118,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $119,550 level. The first key resistance is near the $120,500 level. The next resistance could be $122,000. A close above the $122,000 resistance might send the price further higher. In the stated case, the price could rise and test the $123,200 resistance level. Any more gains might send the price toward the $125,000 level. The main target could be $130,000. Downside Correction In BTC? If Bitcoin fails to rise above the $120,500 resistance zone, it could start a downside correction. Immediate support is near the $117,500 level. The first major support is near the $115,800 level or the 50% Fib retracement level of the upward move from the $108,636 swing low to the $123,140 high. The next support is now near the $114,000 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $117,500, followed by $115,800. Major Resistance Levels – $120,500 and $122,000.
The movement of dormant Bitcoin by a whale could impact market stability and spark renewed interest in cryptocurrency security and ownership.
The post Wallet linked to Satoshi-era Bitcoin whale moves 9,000 BTC to Galaxy Digital appeared first on Crypto Briefing.
This week, the House is set to consider the GENIUS and Clarity bills in what's being called the 'Crypto Week.'
The transfer of BTC to Galaxy Digital may be a strategic move to capitalize on bitcoin's recent surge to unprecedented highs.
Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024. Crypto Capital Inflows Are Currently Sitting At $51 Billion As pointed out by analyst Ali Martinez in a new post on X, there is a stark difference in capital participation between the current Bitcoin rally and the one from December 2024. Related Reading: Bitcoin Breaks $118,000—But Liquidity Still Thin, Glassnode Warns Below is the chart shared by the analyst that compares the two bull runs. The graph captures the 30-day capital flows occurring for Bitcoin, Ethereum, and the stablecoins. For the former two assets, it tracks them using the Realized Cap indicator. The Realized Cap is a capitalization model that calculates a given cryptocurrency’s total value by assuming that each coin in the circulating supply has its value equal to the last time it changed hands on the network. In short, what the metric represents is the amount of capital that investors of the asset as a whole have put into it. Changes in this indicator, therefore, correspond to the entry or exit of capital into the network. As is visible in the chart, the 30-day Realized Cap change for Bitcoin and Ethereum (colored in orange) has gone up alongside the latest price rally, indicating that capital has flowed into these coins. It’s also apparent that stablecoin flows (blue) have also noted an uptick, although the scale has been smaller. For stables, capital flow can be directly measured using the market cap, since their price is always pegged to $1 means that the Realized Cap never differs from the market cap. In the cryptocurrency sector, capital mainly comes in through three entry points: Bitcoin, Ethereum, and stablecoins. The altcoins usually only receive a rotation of capital from these assets. Since the flows related to the three have recently been positive, the market as a whole has been getting an injection of capital. In total, the aggregate capital inflows for the cryptocurrency sector have stood at $51.2 billion for the past month. This is certainly a sizeable figure on its own, but it pales in comparison to what was witnessed before. Related Reading: Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021 As Martinez has highlighted in the chart, the monthly capital flows peaked at almost $135 billion in the December 2024 Bitcoin rally above $100,000, more than double the latest number. Something to keep in mind, however, is the fact that the previous run was more explosive, while the latest one has come in two waves: an initial recovery surge above $100,000 that led into a consolidation phase and the current breakout into the $120,000 levels. This could, at least in part, explain why the metric has appeared relatively cool recently. Bitcoin Price At the time of writing, Bitcoin is trading around $121,700, up nearly 3% over the last 24 hours. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Bitfinex analysts say this level of accumulation “supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers.”
Bitcoin's foundational role as a secure settlement layer may ensure its enduring relevance despite competition from advanced blockchains.
The post Ripple CTO David Schwartz sees Bitcoin as the bedrock of the digital asset ecosystem appeared first on Crypto Briefing.
QCP warns of froth as BTC funding rates near 30% and open interest tops $43B, levels last seen before February’s $2B wipeout.
Bitcoin has set a new all-time high above $121,000, and the options market on Deribit is showing clear signs of hedging pressure and gamma-driven pinning around this level. Traders are in a market structured heavily in favor of upside exposure, with positioning and Greek profiles aligning at a delicate inflection point. Current open interest and […]
The post Options gamma pin at $123k holds Bitcoin in a tight range after new ATH appeared first on CryptoSlate.
Bitcoin has reached new milestones this week, briefly breaking above the $123,000 mark earlier today before retracing slightly to $121,812 at the time of writing. This follows a week of strong gains, with BTC rising by more than 10% amid a broader uptrend in the cryptocurrency market. Despite the minor pullback, market analysts are closely monitoring on-chain and derivatives data to assess whether momentum is building toward a more aggressive phase of the rally. The recent surge has also benefited the broader cryptocurrency ecosystem, lifting total global crypto market capitalization to just under $4 trillion. Related Reading: Bitcoin Breaks Records: What Miners and Leverage Traders Are Doing Behind the Scenes While Bitcoin continues to dominate in terms of volume and influence, sentiment metrics suggest that traders and investors may still be approaching with measured optimism. According to analysts, several indicators are now pointing to a potential shift in market dynamics that could influence Bitcoin’s next major move. Market Euphoria Not Yet Confirmed CryptoQuant contributor Joao Wedson has offered insights into the current structure of the Bitcoin market through an analysis of the price gap between spot and perpetual futures contracts on Binance. In a recent QuickTake post, Wedson noted that the spot price of Bitcoin continues to outpace the perpetual futures price, a sign that market sentiment has not yet tipped into full euphoria. Historically, a positive gap between the two markets has signaled increased speculative activity and the onset of parabolic rallies. “The gap is still in negative territory,” Wedson stated, “but the narrowing trend indicates that sentiment may be transitioning from cautious to more optimistic.” The analysis implies that traders in the futures market have yet to aggressively price in further upside, possibly waiting for stronger confirmation before deploying leverage. Should this gap flip to positive territory, it could be interpreted as a sign of increased risk appetite, potentially fueling a sharper upward move. Wedson also emphasized the importance of monitoring how derivatives markets respond in the coming days. “If the trend continues and flips positive, we could see a more intense phase of the rally driven by leveraged traders,” he wrote. Until then, the current environment appears to reflect a market in the process of building a foundation, rather than one that has already entered a euphoric phase. Bitcoin Profit-Taking Remains Measured In another analysis, CryptoQuant’s Enigma Trader examined the Spent Output Profit Ratio (SOPR), a key indicator used to evaluate the extent of realized profits by Bitcoin holders. According to the post, SOPR levels have remained moderately above 1 as BTC hit new highs, suggesting that some profit-taking is occurring, but not at a rate that disrupts the broader trend. The analyst observed that a spike in SOPR around July 3–4 coincided with short-term holders taking profits. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO However, this activity did not result in significant downward pressure on price. “This behavior points to a healthy price discovery process,” Enigma Trader noted, adding that such conditions typically support continued upward movement when demand remains intact. Featured image created with DALL-E, Chart from TradingView
Retired DEA agent Bill Callahan tells Cointelegraph that bad actors can make plenty of mistakes and still “make a handsome profit.”
The incident follows a previous issue with Grok last week, which began responding with hate-filled speech to users on X.
Pump.fun’s PUMP token opened at a fully diluted valuation (FDV) of roughly $5.6 billion on July 14 and fell 7.3% within the first three hours of trading, according to DEX Screener data. The Solana-based coin changed hands at approximately $0.005128 at 20:30 UTC, implying a current FDV of nearly $5.12 billion, liquidity of $19.3 million, […]
The post PUMP debuts at $5.6B FDV, logs $34M volume within first 3 hours appeared first on CryptoSlate.
Bitcoin (BTC) has reignited market excitement after smashing through the $123,000 level. Currently, technical indicators, surging liquidity, and macroeconomic tailwinds have analysts predicting that the leading cryptocurrency is on the verge of a parabolic surge to a $140,000 top in the next few weeks. $140,000 Set As Bitcoin Next Top Target The Bitcoin price is exhibiting remarkable strength as it continues its parabolic advance beyond the $123,000 range. Technical indicators identified by crypto analyst Mr. Wall Street are now aligning around a new short-term target between $135,000 and $140,000. Related Reading: Here’s Why The Bitcoin And Ethereum Prices Are Surging Today According to the market expert’s chart report, BTC has successfully broken out of a Broadening Wedge pattern after consolidating between a descending support and horizontal resistance for nearly two months. The decisive breakout above the $112,000 resistance validates the analyst’s earlier bullish projections. Initially, the analyst proposed two possible scenarios: A breakout above all-time highs around $112,000 leading directly to a $117,000-$120,000 rally or a brief dip to $92,000 to fill the CME gap before continuing up toward the same target zone. Based on its recent price movement, Bitcoin has chosen to follow the first scenario, underscoring the strength of its bullish momentum and signaling that short-term Fear, Uncertainty, and Doubt (FUD) has had little to no effect. With the second scenario officially invalidated, BTC’s price trajectory is seemingly clearer and higher. The recent surge above $123,000 has also spotlighted the next major liquidity pool between $135,000 and $140,000. The chart highlights that reaching this zone would liquidate over $45 billion in short positions. Following this, the next target zone sits between $160,000 and $170,000, threatening another $70 billion in short liquidations. M2 Surge And MACD Fuel BTC’s Bullish Case Mr. Wall Street’s bullish setup for Bitcoin is further supported by macroeconomic and key chart indicators. The analyst pointed to US President Donald Trump’s recent approval of a bill to raise the country’s debt ceiling—a move that signals accelerating debt growth. This, in turn, is expected to expand M2 money supply, which historically correlates with rising prices for assets like Bitcoin. Related Reading: Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target BTC’s Moving Average Convergence Divergence (MACD) also remains fully intact across all time frames, while the Market Value to Realized Value (MVRV) ratio is still well below historic top levels. In addition, the Relative Strength Index (RSI) has yet to enter overbought territory. These indicators confirm that Bitcoin is still far from a macro top, making the $135,000 – $140,000 range a plausible interim target. Looking ahead, Mr. Wall Street emphasizes that Bitcoin has entered a supercycle, a phase where the market is marked by price discovery. While he acknowledges the possibility of a short-term retest of the $112,000 level before continuing upward, the analyst maintains that, regardless of minor pullbacks, the price action from here is likely to be swift and aggressive. Featured image from Pixabay, chart from Tradingview.com
Retail investors buying long-term drove Bitcoin (BTC) out of its four-month channel between $100,000 and $110,000 to a new all-time high of $123,120, a 65% rebound from April’s tariff-panic low. According to the latest Bitfinex Alpha report, the move to heavy bidding from wallets holding fewer than 100 BTC, while long-term holder selling slowed. Grassroots […]
The post Retail accumulation absorbs fresh supply, propels Bitcoin to record highs appeared first on CryptoSlate.
One risk facing banks that custody crypto is the potential for liability if crypto assets are lost, according to three US financial agencies.
xAI's new Companions feature brings anime waifus to Grok subscribers, sparking everything from marriage proposals to existential dread about humanity's future.
Crypto analyst Investing Broz has spotlighted Cardano (ADA) as one of the most promising altcoins currently breaking out amid a shifting macro landscape and rising Bitcoin valuations. In his latest video update, the analyst identified ADA’s recent technical breakout as a clear sign of bullish momentum, forecasting a price target of $1.90 in the coming weeks if momentum holds. Cardano Bull Run Is Back On Investing Broz began the segment by reiterating the broader context: Bitcoin’s explosive rally above the $120,000 mark has reignited speculation around the arrival of altseason. “This is just one more egg in the basket of potentially altcoin season coming very soon,” he noted, citing Bitcoin dominance breaking below a critical support level and altcoins “going berserk.” Related Reading: Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top Among the altcoins leading the charge, Cardano stood out. The analyst confirmed that he purchased ADA in the past 24 hours, identifying the move as more than just opportunistic. The trigger? A confirmed breakout above a long-standing resistance level that ADA hadn’t pierced since March 1. “This is a major win for Cardano holders who are trading it,” he said, explaining that a falling wedge pattern had been developing for weeks and now signaled a shift in trend. Investing Broz’s trading group had initially positioned long at $0.54, with a modest target of $0.80. But as he emphasized, “Cardano is not just breaking above the smaller resistance level—we’re breaking above a resistance level we haven’t been back above since March.” That March breakout, he reminded viewers, was spurred by a now-infamous Donald Trump tweet listing altcoins deemed suitable for a proposed American crypto reserve. While that spike proved short-lived, the current breakout is, in his view, fundamentally and technically sound. To calculate a realistic upside scenario, he applied the traditional breakout target technique by measuring the height of the formation and projecting it forward. “This would give you a Cardano price prediction of $1.90,” he stated, while also noting that such a target might be ambitious for a summer timeframe. Still, “it’s absolutely doable and definitely something you guys should be keeping an eye on.” Related Reading: The Last Time This Happened Cardano Rose 55%, ADA Analyst Makes Bold The analyst reinforced his bullish outlook using confirmation from the LuxAlgo indicator suite, which flashed a weekly buy signal—featuring a green reversal, bullish momentum, and positive money flow. Based on this, he offered a more immediate price range between $1.00 and $1.80. “I don’t think we’re going to stop at $1.80, but I think it’s a target to keep an eye on if you’re looking for a trade,” he said. Beyond that, a golden pocket Fibonacci extension points to a key level of $2.42 by year’s end. However, Investing Broz was quick to clarify that these are not his full-cycle targets for ADA. “This is not my long-term bullish price prediction for this bull market,” he emphasized. “This is simply tradable movements that I still think can happen over the next couple of weeks.” His earlier predictions suggested ADA could hit $7 to $10 by the cycle top—possibly extending into 2026 or even 2027. Throughout the segment, he stressed the importance of knowing when to take profit. “Every bull market has volatility. Cardano… is going to have volatile movements where they rally and then pull back,” he advised. For short-term traders, targets around $1.80 to $2.40 may present ideal levels to secure gains or even explore short positions if momentum wanes. While ADA is not the only altcoin the analyst is tracking—Ono and HAR were also highlighted for similar breakout behavior—Cardano’s confluence of technical strength, historical resistance flip, and volume surge make it a standout in the current environment. As the analyst concluded, “There’s still time… this is a major breakout, and if you’re a trader, this is what you wait for.” Cardano, for now, has flashed its signal. Whether it makes good on the $1.90 target may depend not only on its own momentum, but on the broader timing of altseason’s long-awaited arrival. At press time, ADA stood at $0.7447. Featured image created with DALL.E, chart from TradingView.com
Discussions in the House Committee on Rules opened with crypto bills, but quickly shifted to the Department of Defense Appropriations Act.
In the past four days, SharpLink appears to have added 62,232 ETH, worth around $186.4 million at current market prices.
The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (Fed), and the Federal Deposit Insurance Corporation (FDIC) released a joint statement explaining how existing banking rules apply when institutions custody crypto for customers. The guidance describes “safekeeping” as the act of holding a digital asset on a client’s behalf and stresses […]
The post OCC, Fed, FDIC publish joint guidance for banks offering crypto custody appeared first on CryptoSlate.
Consortium uses M&A to advance corporate Bitcoin adoption across Asia