The price rise was driven by a combination of the broader cryptocurrency market rally and a fresh $1 billion token burn.
As the price of bitcoin crossed $115,000 for the first time, BlackRock's IBIT became the fastest-ever ETF to cross $80 billion in AUM.
The attacker behind the $40 million GMX exploit has begun returning the stolen crypto after accepting a $5 million white hat bounty offered by the GMX team.
Your day-ahead look for July 11, 2025
Malta has sought to lead the way in EU crypto regulation, though early leadership has not come without its challenges.
With Bitcoin trading above $117,000 and volumes topping $100 billion daily, Cardano founder Charles Hoskinson has once again forecasted a $250,000 price target for BTC. He sees the upcoming “Crypto Week” in the U.S., beginning July 14, as an epic moment for the industry. Meanwhile, Crypto markets are buzzing with fresh energy as total capitalization …
Upexi expects to have 1.65 million SOL, worth around $273 million at current prices, upon closing its convertible note offering around July 16.
Xaman, a self-custody crypto wallet for XRP ledger and Xahahu, has recently announced that users may face a temporary outage due to increased demand and activity. User activity on the Xaman wallet has surged 250% since summer 2024, and the growth has continued in 2025. Xaman Temporary Outage: Increased XRP Demand and Usage In December …
The rally in FIL came as crypto markets surged higher with the Coindesk CD20 index rising 7%.
XRP is showing strong momentum again as growing hopes around a potential BlackRock spot ETF filing spark investor excitement. The token jumped over 6% today and has outperformed the overall crypto market this week. On-chain data from Santiment shows XRP price is gaining traction among large holders. A total of 2,742 wallets now hold at …
US-based spot Bitcoin ETFs saw a dramatic uptick in investor activity as the top crypto price reached a new all-time high of over $118,000, at least in dollars. According to SoSoValue data, the 12 funds saw cumulative inflows of $1.2 billion, the second strongest daily performance since launch in 2024, and the best this year. […]
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Attackers earlier this week exploited a re-entrancy flaw in the OrderBook contract, allowing the attacker to manipulate short positions on BTC, inflate GLP’s valuation, and redeem it for outsized profits.
Solana (SOL) is flashing bullish signals again. In the last 24 hours, the token surged by 3.5% to trade around $163.76, marking an 11.74% gain since the start of July. Over the past week alone, SOL has climbed 7.4%, outperforming several top altcoins in this mini crypto rally. But is this just a short-term spike …
The Vatican Bank has denied any link to a suspicious crypto project offering fake memberships and token sales through a fraudulent “Vatican Chamber of Trade.”
Opyn CEO Andrew Leone and head of research Joe Clark will join the markets team and help expand the exchange's Verified Pools feature.
WazirX and Binance are in trouble as India’s FIU looks into crypto transfers from Pakistan. Authorities are now tracking wallet transactions that may be linked to illegal or terror-related activities. India Probes Binance, WazirX Over Crypto Transfers Linked to Pakistan As reported by Money Control, officials stated that FIU is collecting data from Binance to …
The token faces resistance at $5.03, but a break of that level opens the way to $5.20.
Ethereum showcased explosive bullish momentum with institutional demand accelerating through spot ETFs while shattering critical resistance levels.
Bitcoin price has shattered its previous all-time high, soaring to $118,404 amid a wave of institutional inflows and renewed investor confidence. The breakout follows sustained accumulation, reduced exchange supply, and bullish momentum building over key resistance levels. Supportive U.S. policies, including moves toward a national Bitcoin reserve, have added fuel to the rally. Meanwhile, macroeconomic …
Bitcoin’s record high fueled gains in equity markets too.
The European Securities and Markets Authority (ESMA) has raised red flags over Malta’s handling of license approvals under the EU’s Markets in Crypto-Assets (MiCA) regulation. In a peer review report released on July 10, ESMA highlighted deficiencies in how the Malta Financial Services Authority (MFSA) approved a recent crypto asset service provider (CASP), urging tighter […]
The post European watchdog warns of ‘inadequate’ Malta crypto licensing for MiCA regulations appeared first on CryptoSlate.
Grayscale is challenging the SEC's s decision to put a pause on its multi-crypto fund and says investors are "suffering harm."
SharpLink bought 10,000 ETH from the Ethereum Foundation for $25.7 million, expanding its treasury value to over $558 million.
Running a Lightning Network node in 2025 can generate passive Bitcoin income, but success depends on capital, uptime and dynamic fee strategies.
Solana-based memecoin platform Pump.fun is preparing for what could become one of the largest token sales in crypto history. The project aims to raise $1.32 billion through its upcoming PUMP token offering, potentially securing the third spot among the highest-ever fundraising events in the industry. According to data from Cryptorank, Pump.fun’s fundraising goal would put […]
The post Investors rush into historic PUMP pre-sale while whales quietly prepare for a crash appeared first on CryptoSlate.
Bitcoin hit new all-time highs above $118,000 as investors tap the cryptocurrency as a hedge against U.S. fiscal expansion, a Nansen analysts said.
Bitcoin's bullish momentum may face potential resistance at the $120,000 level.
A sweeping new research report by Ben Harvey and Will Clemente III, commissioned by market maker Keyrock, projects that Bitcoin could reach $160,000 by the end of 2025—but only if the capital structure supporting Bitcoin Treasury Companies (BTC-TCs) remains intact. The research, “BTC Treasuries Uncovered: Premiums, Leverage, and the Sustainability of Proxy Exposure,” dissects the capital structures, market impact, and debt profiles of the fast-growing cohort of “Bitcoin Treasury Companies” (BTC-TCs), led by Strategy (the renamed MicroStrategy). The Impact Of Bitcoin Treasury Firms Harvey and Clemente open with a startling figure: “Bitcoin Treasury Companies have accumulated around 725,000 BTC, equivalent to 3.64 percent of the entire BTC supply.” Much of that hoard sits with Strategy’s 597,000-coin trove, but the analysts track more than a dozen follow-on players—from Marathon Digital and Metaplanet to newer entrants such as Twenty One Capital—whose combined exposure now outstrips US spot-ETF holdings by more than half. Related Reading: Bitcoin Is One Candle Away From $141,300 Breakout, Chart Master Warns Yet the report’s headline forecast is explicitly conditional. Keyrock’s bull case assigns a thirty-percent probability that global liquidity remains flush, institutional demand accelerates, and Bitcoin rallies fifty percent past today’s levels, “pushing BTC to over $160 k by EOY.” That outcome rests on the fragile flywheel of net-asset-value premiums: BTC-TC equities still trade, on average, at a seventy-three-percent premium to the dollar value of the coins they custody. Those premiums let boards issue new shares “accretively,” convert sentiment into fresh BTC, and—crucially—service the $33.7 billion in debt and preferred stock the sector has rung up to fund its buying binge. No company illustrates the reflexive loop better than Strategy. Since August 2020, Michael Saylor has driven Bitcoin-per-share (BPS) up eleven-fold, an annualized sixty-three-percent run rate that dwarfs the 6.7 percent CAGR needed to justify the firm’s current ninety-one-percent NAV premium. “If an investor believes that Strategy’s BPS growth rates will hold long-term,” the authors contend, “holding MSTR would be far more beneficial in BTC terms than holding spot BTC.” Still, that calculus assumes the equity premium stays afloat; if sentiment turns, dilution flips from accretive to punitive overnight. Debt maturities pose the next stress point. BTC-TCs owe a wall of convertible notes in 2027-28. Harvey and Clemente calculate that Strategy alone has issued $8.2 billion of the cohort’s $9.5 billion in debt; Marathon follows at $1.3 billion. Most instruments carry zero-to-low coupons and conversion prices well below current share levels, but a deep Bitcoin drawdown could drive equities under those strikes, forcing firms to repay in cash or refinance at far harsher terms. “Since many BTC-TC valuations are tightly correlated to Bitcoin price performance,” the authors warn, “a sharp BTC drawdown could drive down equity value, increasing the risk that conversion thresholds are breached.” Related Reading: Last Time This Happened, Bitcoin Jumped $50,000—Is History Repeating? The report splits the universe into cash-flow-generative names such as Metaplanet, CoinShares, and Boyaa Interactive—each with eight or more quarters of runway—and capital-dependent players like Marathon, Nakamoto, and DeFi Technologies, which could face dilution above three percent per quarter merely to stay solvent if premiums persist. Should those premiums compress, equity issuance “becomes purely dilutive,” and treasury companies could be forced to sell Bitcoin, undermining the proxy thesis that justifies their existence. The Base Case Keyrock’s base case, to which it assigns the highest probability, envisions Bitcoin finishing 2025 around $135,000, with NAV premiums cooling into a thirty-to-sixty-percent range. In that environment, well-managed treasuries still out-perform spot, but the leverage trade loses its shine. The bear scenario—assigned the lowest but non-trivial odds—combines a twenty-percent Bitcoin drawdown with a glut of new treasury listings that flood the market with supply. In that world, premiums vanish, refinancing windows slam shut, and “the entire investment case for BTC-TCs comes under pressure.” Harvey and Clemente do not dismiss the BTC-TC model; rather, they frame it as a high-beta overlay that amplifies both the upside and the solvency risk inherent in Bitcoin itself. They credit Saylor’s “Bitcoin yield” thesis—using premium-funded share issuance to compound coin holdings—as a demonstrably effective strategy to date, but caution that it relies on a delicate equilibrium of bullish sentiment, cheap capital, and meticulous execution. “The premium to NAV is of the utmost importance here,” the study concludes, “assuming a BTC-TC doesn’t have a core operating business that can cover debt payments, or is entirely free of debt payments altogether.” Whether Bitcoin can sprint to $160,000 by 31 December hinges less on hash-rate projections or macro modeling than on the continued faith of equity investors willing to pay a dollar-fifty for a dollar of embedded BTC. If those investors blink—if premiums fade or convertible maturities collide with a broad risk-off shift—the leverage that has propelled treasury companies to date could flip, turning “one of the best performing equities on the planet” into the market’s most crowded exit. For now, Keyrock’s research leaves readers with a simple countdown: hold the line, and the path to price discovery remains intact; lose it, and the proxy trade could unwind long before the New Year’s fireworks. At press time, BTC traded at $117,788. Featured image created with DALL.E, chart from TradingView.com
Bitcoin broke above $118,000, but key resistance levels remain across other assets.
The company’s stock has soared 13,350% since launching its bitcoin treasury strategy in April as it closes in on the top 25 public holders.