Elon Musk announced the formation of a new political party on Sunday, telling one of his followers on X that it will embrace Bitcoin as “fiat is hopeless.”
Two men who admitted to running a crypto scheme that defrauded 65 investors have both been sentenced to over five years in prison.
The total altcoin market cap currently stands at $1.16 trillion, reflecting a decline of 23.63% from this year’s peak. Meanwhile, the Altcoin Season Index sits at just 29, signaling that Bitcoin continues to dominate the market. Yet, according to top crypto analyst Michael van de Poppe, altcoins may be on the verge of a major …
Memecoins have been doing well in recent times. Today, however, has marked a particularly bullish day for this category. Tokens like BONK, FLOKI, and PEPE have climbed into the top gainers list. That being said, Dogecoin and Shiba Inu are in no way behind, as these blue-chip tokens have catalysed the trend. This rally comes …
Deputy Energy Minister Petr Konyushenko said the register is a step toward “legalizing the industry and reducing illegal consumption” of energy.
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
As per reports from XRPScan and a detailed on-chain snapshot shared in early July 2025, crypto analyst Edoardo Farina highlighted the updated “XRP Rich List,” which ranks XRP wallets based on their holdings and reveals how rare it is to be among the top XRP holders. Having said that, XRP holders are relatively rare because …
The battle over frozen crypto is heating up inside a Singapore courtroom, where WazirX users are demanding answers and their money back. In the High Court, frustrated users are standing up to Zettai, WazirX’s Singapore entity, claiming their unhacked Bitcoin, XRP, TRX, BNB, USDT, and even fiat balances have been wrongly frozen by Zettai, WazirX’s …
At a recent conference in Singapore, Ripple CEO Brad Garlighouse announced that Ripple’s stablecoin RLUSD will now be accepted as collateral for all services at Hidden Road, a global prime brokerage. According to experts, this move will impact the intersection of crypto and traditional finance. Ripple Stablecoin as Collateral Ripple‘s focus on high-friction payment routes …
Bitcoin is currently trading just 2% below its all-time high as analysts predict new records this week, with the US trade tariff deadline an an upcoming “Crypto Week” potentially driving market volatility.
XRP is holding its ground as one of the strongest performers in the crypto market right now, even as Ripple’s long legal fight with the U.S. Securities and Exchange Commission (SEC) approaches its final chapter. While the case isn’t officially over, Ripple has announced that it will drop its cross-appeal, and now all that’s left …
In 2025, Thailand released a string of crypto developments, including– enhancing customer protection, transparency, innovation, taxation, and market revenue. The Thai government is implementing new policies to foster growth in the digital asset space as it aspires to become prominent in the digital finance and cryptocurrency space. Table of contentsCrypto regulations in Thailand 2025 What is …
Qwatio currently has a BTC short position with 40X leverage, and a 25x leveraged short on ETH.
For the quarter ending June 30, the company reported a BTC Yield of 95.6%, following a 309.8% yield in the previous quarter.
Pi Network, the mobile mining project that turned millions into casual crypto miners once again in the spotlight after Pi Coin reaching a value of $1,000 is catching fire again, this time, with research backing from Bitget Global. As one of the world’s largest crypto trading platforms, Bitget has offered a long-term prediction that could …
Ripple’s push for a U.S. national bank license injects fresh momentum into XRP, breaking key resistance amid surging volume
The Open Network (TON), a blockchain platform backed by Telegram, recently unveiled a unique offer that promised a 10-year UAE Golden Visa to those who stake at least $100,000 worth of Toncoin (TON) for three years. Moreover, TON also claimed the visa process could be completed in under seven weeks, with the entire process managed …
Elon Musk’s America Party feud with Trump adds fuel to DOGE’s recovery narrative.
Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move above the $0.5925 zone. ADA price started a fresh increase from the $0.5650 support zone. The price is trading above $0.5750 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.5760 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase it clears the $0.600 zone. Cardano Price Eyes Upside Break In the past few sessions, Cardano saw a decent upward move from the $0.5650 zone, like Bitcoin and Ethereum. ADA was able to recover above the $0.5750 and $0.580 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.6107 swing high to the $0.5630 low. Besides, there was a break above a key bearish trend line with resistance at $0.5760 on the hourly chart of the ADA/USD pair. Cardano price is now trading above $0.5750 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.5925 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.6107 swing high to the $0.5630 low. The first resistance is near $0.60. The next key resistance might be $0.620. If there is a close above the $0.620 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.650 region. Any more gains might call for a move toward $0.6650 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.5920 resistance level, it could start another decline. Immediate support on the downside is near the $0.5850 level and the 100 hourly SMA. The next major support is near the $0.5650 level. A downside break below the $0.5650 level could open the doors for a test of $0.5450. The next major support is near the $0.5320 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.5850 and $0.5650. Major Resistance Levels – $0.5920 and $0.6000.
“If we see a soft CPI print on Tuesday, that could open the door for a Fed rate cut later this year,” one trader said.
Block CEO Jack Dorsey has released a white paper and launched a beta for Bitchat, a decentralized messaging app using Bluetooth mesh networks for internet-free, encrypted communication.
July 7, 2025 05:13:44 UTC Elon Musk Says America Party Will Embrace Bitcoin, Trump Calls Him a ‘Wreck’ Elon Musk, in a recent X post, said that his America Party will support Bitcoin. When a user asked if the party would embrace Bitcoin, Musk replied, “Fiat is hopeless, so yes.” He announced the formation of …
The announcement comes after a public fallout with President Donald Trump, driven by Musk’s opposition to what he calls the “debt slavery bill”, Trump’s heavily promoted stimulus package known as the Big Beautiful Bill. Musk believes the legislation fuels reckless fiscal policy and deepens economic instability. Why Bitcoin Is Central to Musk’s Political Vision In …
The Ripple vs SEC case continues to stir up the crypto community, especially on X (formerly Twitter), where new rumours are flying that the long-running lawsuit could finally end today. But according to a former SEC lawyer, those hopes might be a little too optimistic. According to latest rumours, both Ripple and the US Securities …
US President Donald Trump has blasted Elon Musk’s plan to start a new political party that could splinter the Republican vote in the 2026 midterm elections.
Toncoin jumped 12% over the weekend, after TON foundation made the Golden Visa announcement.
XRP price started a decent upward move from the $2.20 zone. The price is now showing positive signs and might aim for a move above the $2.285 resistance. XRP price started a fresh increase above the $2.2320 zone. The price is now trading above $2.2320 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2.280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it clears the $2.280 zone. XRP Price Faces Resistance XRP price started a fresh increase after it settled above the $2.220 level, like Bitcoin and Ethereum. The price was able to climb above the $2.2320 resistance level. The bulls were able to push the price above the $2.250 level. Moreover, there was a clear move above the 61.8% Fib retracement level of the downward move from the $2.3111 swing high to the $2.197 low. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.280 level. There is also a short-term contracting triangle forming with resistance at $2.280 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.2850 level. It is close to the 76.4% Fib retracement level of the downward move from the $2.3111 swing high to the $2.197 low. The next resistance is $2.320. A clear move above the $2.320 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.50. Another Decline? If XRP fails to clear the $2.2850 resistance zone, it could start another decline. Initial support on the downside is near the $2.260 level. The next major support is near the $2.2320 level. If there is a downside break and a close below the $2.2320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.150 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.2320 and $2.20. Major Resistance Levels – $2.2850 and $2.320.
Bitcoin just made history by closing the week at $109,200, its highest weekly close ever. This is a strong sign that the bull market is still going strong, despite recent ups and downs in the crypto market. For months, some experts predicted the market was heading for a long downturn. But the charts and market …
Ethereum price started a fresh increase above the $2,520 zone. ETH is now back above $2,550 and might soon aim for more gains. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,565 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,520 zone, like Bitcoin. ETH price gained pace for a move above the $2,550 resistance zone and entered a positive zone. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Besides, there was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,565 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,600 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. The next key resistance is near the $2,620 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600
The authorities cited the growing attention on stablecoins as a key hook used by illegal entities to lure individuals into investment scams.