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The theft occurred after the hackers allegedly compromised an employee of C&M, a software service provider, by buying the employee’s login credentials.

Gunnar Strömmer reportedly said that Swedish authorities had confiscated more than $8.3 million worth of criminal profits since a law related to seizures was passed in 2024.

#crypto #politics #regulation #adoption #featured

Over 70% of US crypto investors approve of President Donald Trump’s administration’s approach to crypto policy, according to a recent survey conducted by research firm HarrisX.  HarrisX polled 1,096 adults online from June 18 to June 19, including 230 self-identified crypto investors. Among that cohort, 81% said they follow the administration’s crypto actions, 73% approved of the […]
The post Investor poll shows 73% approval for Trump’s crypto policy, bullish views on prices increase appeared first on CryptoSlate.

#sui #sui price #professor #suiusdt #suiusd #cleanwater

SUI is moving decisively on the chart, breaking through key levels with rising momentum, signaling a shift in sentiment and renewed bullish interest. With volume picking up and structure turning clean, SUI could be setting the stage for a move if this momentum holds. Immediate Targets In Sight — But Can SUI Push Further? In an X post, crypto expert and moderator, Tinkerbell, shared an update that SUI has broken decisively above the $3.00 mark, surging to $3.08 and notching a 9% gain on Thursday, July 3rd. The price action reflects a breakout on the chart, which shows strong momentum, is backed by rising volume and steady buying pressure, signaling that bulls are firmly in control. Related Reading: SUI Prepares For Bullish Flag Breakout Amid $3 Reclaim – Analyst Doubles The Target If this strength continues, Tinkerbell highlights the $3.25 as the next immediate target, followed by the $3.50 level, both levels could act as stepping stones for further upside. Another analyst, Professor, mentioned that SUI has come alive on the charts, and it’s pumping. With a sharp 11.08% gain in the past 24 hours, the token is currently trading at $3.02, marking one of the strongest day performances across the market. SUI broke through the key resistance level, a zone that had capped upside momentum for weeks. This breakout arrived quietly, with strong bullish momentum, increased volume, and a shift in sentiment that now favors the bulls. Professor also highlighted in another X post that a textbook bullish reversal for the SUI 1-hour chart. After finding strong support around $2.65, the price began forming a series of higher lows, signaling a clear shift in momentum. The structure, paired with rising volume, pointed to growing buyer confidence. This setup led to a breakout, with SUI blasting through short-term resistance at $2.90 and reaching as high as $3.04. This move established a new high, signaling the potential start of a sustained uptrend. Momentum Indicators Point To A Cautious Climb SUI shows a gradual uptrend on the daily chart, currently trading at $3.02. Cleanwater, a crypto analyst, pointed out that after touching lows near $2.50 in late June, the price has steadily climbed, forming a series of higher lows and attempting to establish a recovery pattern. Related Reading: Sui (SUI) Eyes Breakout With Bullish Dual Pattern: Is A Rally To $27 On? The Relative Strength Index (RSI) sits at 52.94, suggesting neutral momentum, placing SUI in the middle of the momentum range between overbought and oversold. Meanwhile, the MACD shows bullish divergence, indicating possible strength building on the surface that is not yet at the breakout levels. SUI key resistance is around $3.50, which will be a crucial level to clear if bulls want to sustain upward momentum. On the downside, $2,80 is a support zone that needs to hold for this recovery structure to remain intact. Market expert Trade4ddict also noted that SUI has confirmed an ascending triangle breakout on the 4-hour chart, showing a continuation of bullish momentum. After a brief retest, price action has turned green with trend bars painting a promising picture for the days ahead. The analyst stated that the chart looks very bullish, and he has entered a long position targeting the $3.74 level, which aligns with previous highs and offers a clean objective if this bullish wave continues. Featured image from AdobeStock images, chart from tradingview.com

#crypto #stablecoins #featured

Rostec, the Russian defense and technology conglomerate, announced on July 3 that it will introduce a ruble-pegged stablecoin and a linked payment network this year, utilizing Tron infrastructure. According to the Russian news agency TASS, Rostec named the token RUBx and set a one-to-one exchange rate with the ruble.  Deputy General Director Alexander Nazarov stated that the corporation […]
The post Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON appeared first on CryptoSlate.

#bitcoin #price analysis

Bitcoin (BTC) price has been rejected by two subtle and important resistances in the past 24-hours. The flagship coin attempted a rally towards retesting its all-time high on Thursday, but the gains were obliterated on Friday. According to crypto data provided by Coingecko and TradingView, BTC price dropped 2.2 percent in the past 24 hours …

#xrp #xrp price #xrp news #xrp price prediction #xrp technical analysis #xrp chart analysis

XRP is inching toward what could be its most consequential technical inflection in more than a year, according to the June 3 video analysis from the YouTube channel More Crypto Online (MCO). Employing classical Elliott-wave mapping, the analyst argues that XRP has been building a five-wave advance ever since the market reset in July 2023 and is now attempting to ignite the terminal “fifth” wave—a rally that, if it unfolds under euphoric conditions, could extend as far as $9. How The Roadmap Is Built For XRP “We might be in a process of upside reversal… It’s like a now-or-never moment,” the commentator told viewers, stressing that breakouts are usually obvious only after large portions of the move are already spent. In Elliott wave terminology the market is said to be preparing for a smaller-degree third wave inside the larger fifth, “normally the most aggressive one,” he noted, pointing to the explosive impulse that followed a similar set-up last year. Related Reading: Analyst: XRP Is Coiled For A Short Squeeze Rally On MCO’s primary chart the July 2023 trough serves as the wave-four low of an even larger advance. From there, a series of lower-degree one-two formations appears to have carried XRP into wave three and, more recently, into a sideways, three-legged correction that completed in April. “We have a wave 1, a wave 2, a wave 3, the wave 4, and maybe this is now the fifth wave that’s unfolding,” he explained, adding that wave four’s depth and duration were textbook for a counter-trend pause. To translate wave counts into price objectives the analyst measured waves 1 through 3 and projected the classic 61.8 percent Fibonacci extension from the bottom of wave 4. That calculation yields $6.20 as a “straightforward” fifth-wave target. The same measurement’s 78.6 percent extension sits at roughly $9.00, a level the commentator said “sometimes materialises in a very euphoric fifth wave.” Before any discussion of $5-plus prices becomes actionable, XRP must clear a cluster of near-term hurdles. The analyst identifies the $2.30–$2.40 range as the first structural ceiling; it coincides with a descending trend-line that has capped every rally since March and with the 100-day exponential moving average. Related Reading: XRP Could Hit $50 If Ripple Gets Bank License, Claims Crypto Pundit The shorter-time-frame wave count shows why this band matters. From the 7 April swing low the market printed a clear five-wave micro-structure, implying that a fresh up-trend may already be underway. Yet, as the analyst cautioned, “We still have to clear all these previous swing highs… We’ve got resistance in this area around $2.30, structurally $2.40.” A decisive break above that shelf would validate a sub-wave (iii) target around $3.30–$3.50, the January swing-high zone the video calls “the next level.” Bearish Scenario For XRP Every Elliott-wave blueprint comes with an invalidation level. In the MCO model the entire fifth-wave scenario survives only if price holds above the April nadir—the start of wave 1 in the current one-two set-up. At the micro level the bulls must also defend what the video labels “the $1.99 support area.” A deeper retracement to $1.60 (the “red dotted line”) could be tolerated inside an extended wave 2, but any sustained trade beneath that mark would probably mean wave 4 is still developing, pushing back the timetable for a breakout. “As long as we’re holding above the April low, this pathway higher remains valid and plausible,” the analyst reiterated. Conversely, a failure there would force a re-evaluation of the entire count. Although the headline $9 print grabs attention, the analyst is clear that such an extension presupposes an extreme sentiment shift. Historically XRP’s rallies have often stalled near the 61.8 percent projection, and the channel’s host reminds viewers that “market sentiment” ultimately decides whether the 78.6 percent extension is reachable. For now the focus is squarely on securing an impulsive close above $2.40 and then on challenging the mid-$3 region. Only once that campaign succeeds will the discussion move seriously toward $5.65, $6.20 and, in a parabolic climax, the high-single-digit zone. At press time, XRP traded at $2.23. Featured image created with DALL.E, chart from TradingView.com

Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus.

#defi #crypto #governance #tokens #featured

World Liberty Financial, the decentralized finance platform linked to U.S. President Donald Trump’s family, has unveiled a proposal that would allow its WLFI governance token to become transferable and tradeable across the wider crypto market. Currently confined within its own protocol, the WLFI token cannot be traded externally, restricting price discovery and limiting participation in […]
The post Trump-backed World Liberty Financial seeks community vote on token mobility appeared first on CryptoSlate.

Bitcoin sold off near the $110,000 ceiling, but the price reset could give BNB, SOL, LINK and AAVE a chance to rally.

#crypto #investments #featured

Amber International announced on July 3 that it will deploy new capital into Sui, XRP, and BNB as the next phase of its $100 million Crypto Ecosystem Reserve, expanding its treasury, which already holds Bitcoin, Ethereum, and Solana. The company funded the expansion with a $25.5 million private placement, pricing American Depositary Shares at $10.45, […]
The post Amber International shares fall 6.7% following addition of Sui, XRP, BNB to $100 million reserve appeared first on CryptoSlate.

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btcusd #btcusdt #btc news #fibonacci extensions #cryptocon

Bitcoin has been gaining strength over the past several days, with price action relaying the buying interest from institutional players. A surge of inflows into spot Bitcoin ETFs helped push the price to $109,758, followed shortly after by another move to around $110,386 in the past 24 hours. This brings Bitcoin within close proximity to its price peak just above $111,000. Now that momentum is clearly leaning bullish, technical analysis shows a breakout that could see Bitcoin increase by another 52% within the next three months. Fibonacci Extension Model Points To $166,000 Price Target CryptoCon shared a chart based on Fibonacci extensions that places the next major upside target at $166,754. This level corresponds to the 5.618 Fibonacci ratio and marks a projected 52% increase from the current region around $109,000. The analyst highlighted how previous Fibonacci extension levels like $30,362, $46,831, $71,591, and $109,236, have all aligned with important points for Bitcoin’s price action throughout the ongoing cycle.  Related Reading: Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish According to CryptoCon, this model has consistently tracked Bitcoin’s moves over the past two years. As shown in the price chart below, the 1.618, 2.618, 3.618, and 4.618 Fibonacci extension levels have all been reached this cycle, with the latest being $109,236 at the 4.618 Fib level. Keeping this in mind, the next Fibonacci extension level is at 5.618, which corresponds to $166,754.  The $166,000 mark has remained unchanged as the cycle’s next projection. But although the timing has proven difficult to nail down, the structure of the chart is still intact and continues to validate the target. Bitcoin’s price action is currently sitting just above the 4.618 extension level, and a 52% rally from here would complete the pattern.  Revised Timeline Pushes Target To September Although the projection for $166,000 is still consistent, the timeline to reach it has undergone several adjustments. CryptoCon estimates that Bitcoin could reach the $166,000 level by September; however, he also acknowledged that the forecast has shifted several times.  Related Reading: Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move He explained that the current cycle has taken longer than any previous one, which has caused earlier predictions to be delayed. To put this in perspective, Bitcoin’s current cycle began in late 2022 after it reached a bottom around $15,000 during the bear market. This means the current bull phase has dragged on for almost three years. Still, data has shown over and over that the cycle is not finished, and so the only thing left to do is to wait. At the time of writing, Bitcoin is trading at $109,110. If the $160,000 price target is eventually reached in September, the next outlook would be a possible move to the 6.618 Fib extension, which is sitting at a price target of $254,162. Featured image from Pixabay, chart from Tradingview.com

Onchain data shows that retail investors are not buying Bitcoin, but analysts say they’ve shifted into buying the spot ETFs.

The decentralized exchange was one of 46 websites Turkey's financial regulator said would be blocked for residents.

#crypto #analysis #rwa #featured

XRP Ledger posted the second-largest 30-day increase in tokenized real-world assets (RWA), adding 34.6% to reach $157.4 million, data from rwa.xyz shows.  Only Aptos outpaced that monthly growth, expanding nearly 57% to $539.3 million, while Ethereum maintained the lead by total value at $7.55 billion, with a 2.4% gain. Notably, the XRP Ledger is the […]
The post XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership appeared first on CryptoSlate.

#sui #sui price #suiusdt #suiusd #crypto sat

SUI has recently exhibited a classic reversal pattern, forming a well-defined triple-top formation on its price chart. This technical setup often signals a potential shift from bullish to bearish momentum, as repeated attempts to break a resistance level falter. Traders and investors are now closely watching to see if this pattern will trigger a downward correction or if the bulls can regain control. SUI Weakens After Forming Triple Top Near $3.085 Crypto Sat recently stated in a post on X that SUI has just printed a classic Triple Top pattern on the 15-minute chart — and the outlook is not looking bullish at the moment.  Related Reading: Breakout In Sight? SUI Set To Test Crucial $3.5 Resistance With ATH In View According to Crypto Sat, the three peaks labeled Top 1, Top 2, and Top 3 are formed near the $3.085 zone, with each successive peak showing less momentum. Now, the price is breaking down below the $2.995 level, which had been acting as the neckline support for this pattern. This breakdown below the neckline support signals that the bullish effort is weakening and opens the door for potential further downside movement. Traders should watch this key level closely as it may set the tone for the next price action. Key Takeaways from Crypto Sat’s Analysis According to Crypto Sat, several key technical signals have emerged on SUI’s chart, reinforcing the bearish implications of the recently formed Triple Top pattern. Pattern Identification: Crypto Sat considers the pattern as a classic indicator of trend exhaustion, where repeated failed attempts to push higher signals weaken bullish pressure. Related Reading: SUI Meteoric Rise: Golden Cross Signals A Potential 380% Explosion Support Breakdown: The drop beneath the $2.995 neckline, which Crypto Sat identifies as a key support, marks a bearish turning point. Next Support Targets: Crypto Sat points to the next important support levels between $2.92 and $2.87, which could act as potential zones for price stabilization or further selling if breached. Volume Confirmation: The breakdown below support occurred alongside an uptick in volume, reinforcing Crypto Sat’s view that downside momentum is gaining strength and the bears have the upper hand for now. In line with Crypto Sat’s analysis, this technical pattern and volume-backed breakdown highlight increased downside risk ahead unless a strong bullish reversal emerges. The analyst further cautioned that if buyers fail to step in promptly, the price may soon retest the $2.85 to $2.87 support zone in the short term. While it is still early in the move, the breakdown structure is clearly in place. Traders should monitor the situation closely for signs of a potential bounce or continued selling pressure. Featured image from Adobe Stock, chart from Tradingview.com

Increasing US regulatory clarity is enabling more traditional finance participants to seek out decentralized financial solutions.

In an exclusive interview with Cointelegraph, Ethereum Foundation Co-Executive Director Tomasz Stanczak shares rare insights on Ethereum’s future and challenges.

The community proposal aims to transition the protocol from closed governance to a more open, decentralized finance-oriented model.

#crypto #adoption #culture #featured

Mexican billionaire Ricardo Salinas has renewed his warning about the global fiat money system, urging ordinary people to sell their homes, buy Bitcoin (BTC) and gold, and brace for what he calls the collapse of fiat currencies. Speaking on Robert Breedlove’s “What is Money?” podcast, Salinas said real estate is no match for Bitcoin’s scarcity […]
The post Mexican billionaire says sell your home, buy Bitcoin as fiat nears collapse appeared first on CryptoSlate.

#ethereum #ethereum price #eth #ethusdt #ethereum news #ethereum analysis #ethereum support #ethereum bearish signal

Ethereum is trading above the $2,500 mark but continues to struggle with strong resistance near $2,600, a key level that has capped further upside in recent sessions. After gaining over 23% since June 22, ETH has shown signs of strength, reclaiming crucial levels and riding the wave of market-wide optimism. However, as the broader crypto market stalls, Ethereum’s momentum appears to be slowing down. Related Reading: Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level The bullish impulse that drove ETH higher in late June is now meeting headwinds. Despite holding above important moving averages and maintaining a short-term uptrend, Ethereum has failed to break decisively above the $2,600 barrier. Analysts warn that a failure to reclaim this level with strong volume could lead to a short-term correction. Top analyst Carl Runefelt shared insights indicating a potential bearish setup on the 4-hour chart. According to Runefelt, Ethereum is forming a pattern that could lead to a pullback toward lower demand zones if momentum continues to fade. The coming days will be critical, as bulls attempt to maintain control while bears eye an opportunity to reclaim short-term dominance. Ethereum Faces A Critical Level Ethereum is approaching a crucial juncture following a week marked by volatility and renewed bullish momentum. After reclaiming the $2,500 level and rising over 23% since June 22, ETH has regained the attention of investors. However, the rally now faces a critical test: breaking above the $2,700 resistance level. A successful move above this threshold could ignite a broader altcoin rally, as Ethereum often acts as the leader for the altcoin market. Market sentiment remains cautiously optimistic, with bulls appearing to control short-term price action. Ethereum is trading above key moving averages and remains structurally bullish on higher timeframes. Yet, price has stalled just below the $2,600–$2,700 zone—a key supply area that must be flipped into support to confirm the next upward leg. A clean breakout could propel ETH into a new price range, allowing other altcoins to follow and break above their own resistance levels. Carl Runefelt cautions that Ethereum is currently forming a rising wedge pattern on the 4-hour chart—a potentially bearish setup. If the pattern plays out, ETH could fail to break higher and instead fall back toward lower support zones. Runefelt points to the $2,200 level as a key horizontal support that could be tested if momentum weakens and sellers regain short-term control. For now, Ethereum’s price action remains in a tight range. A decisive breakout or breakdown will likely define the direction of the altcoin market in the weeks ahead. Traders and investors alike are closely watching ETH’s next move, as it could set the tone for the remainder of the summer crypto cycle. Related Reading: Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum ETH Price Analysis: Key Resistance At $2,600 Ethereum’s price action continues to reflect a tug-of-war between bulls and bears as it hovers around the $2,550 level, just under the critical resistance at $2,600. After reclaiming that level briefly, ETH failed to hold its gains and pulled back slightly, suggesting sellers remain active at this zone. The chart shows Ethereum forming a lower high in the near term, raising short-term caution among traders. The 50-day and 100-day simple moving averages are now converging around $2,500–$2,530, acting as immediate support. As long as ETH holds above these levels, the medium-term outlook remains constructive. However, any sustained drop below these moving averages could invite additional downside pressure, possibly dragging the price back toward the $2,400 range or even testing the 200-day SMA near $2,180. Related Reading: Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu? Volume has remained moderate, showing that neither side has taken full control. Until ETH decisively breaks above $2,600 and flips it into support, the uptrend remains unconfirmed. The next key resistance sits at $2,700. Conversely, a rejection from current levels could indicate the formation of a range-bound structure or a rising wedge breakdown, as some analysts like Carl Runefelt suggest. Featured image from Dall-E, chart from TradingView

A bullish pattern on the DOGE chart points to a potential price recovery to $0.25.

Ondo has acquired Oasis Pro, a FINRA member and SEC-registered broker-dealer.

#xrp #altcoin #xrp price #rsi #coinmarketcap #xrp news #xrpusd #xrpusdt #relative strength index #egrag crypto #casitrades

Crypto analyst CasiTrades has predicted that the XRP price could record a 30% rally to $2.8. She further revealed what the altcoin needs to do first to gain momentum to reach this level, which could pave the way to new highs.  XRP Price Eyes Rally To $2.8 With This Classic Confirmation In an X post, CasiTrades shared an accompanying chart that showed that the XRP price could soon rally to as high as $2.8. The analyst indicated that the $2.25 support zone will decide the altcoin’s next move. She said that she is looking for that classic confirmation, whereby XRP breaks $2.25 and then comes back to test it as support.  Related Reading: XRP Price: Here’s What Has Been Driving The Calls For 1,000% CasiTrades remarked that the flip of $2.25 as support could be fast, signaling that the market is ready for continuation. She predicts that the flip of $2.25 could open the door to $2.69. The analyst added that it is possible that the XRP price trends closer towards $2.69. This could be near $2.45, with a final exhausted high at the resistance fib. Based on her accompanying chart, a rally to $2.8 could also be in play.  Commenting on the current XRP price action, the analyst stated that the XRP price continues to respect the 0.382 retracement, which she claimed is the exact apex of the consolidation. She further remarked that every reaction at this current level reinforces how significant the range is. CasiTrades added that the test and bounce off the top of the upper trendline indicates that the market is gearing up for another run at the $2.25 resistance.  She also said that the Relative Strength Index (RSI) will be crucial at each of these resistance prices to monitor exhaustion or strength. However, the analyst is confident that the bullish structure is still valid for the XRP price. The altcoin simply needs to hold the 0.382 retracement level, flip $2.25, and then it can rally to the upside. Short-Term Targets For The Altcoin In an X post, crypto analyst Egrag Crypto outlined the short-term targets for the XRP price. He stated that a close above $2.35 would be bullish for the altcoin. Meanwhile, a close above $2.42 would be super bullish for XRP. A close above these targets would also be significant as it would mean that the altcoin has flipped the $2.25 resistance, which CasiTrades highlighted.  Related Reading: Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5 In the long term, the crypto analyst is confident that the XRP price can reach double digits. He recently predicted that the altcoin could reach between $9.5 and $37.5 in this market cycle. He alluded to historical cycles as the reason XRP could reach these targets.  At the time of writing, the XRP price is trading at around $2.24, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

#chatgpt

While it’s not built for real-time calls, ChatGPT can still support smarter Bitcoin trading decisions when paired with the right data and well-crafted prompts.

#markets #news #ai market insights

Despite the launch of a NEAR ETP, the token faces significant selling pressure amid broader market uncertainty.

Bitcoin is the subject of rumors as wallets holding 80,000 BTC suddenly reactivate after a 14-year hiatus.

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btc news

Bitcoin may be breaking out—but don’t celebrate yet. Crypto analyst Cristian Chifoi warns that the current move is a deceptive setup likely to trap bullish traders before Bitcoin eventually surges toward $160,000. In his latest YouTube video titled “Bitcoin is breaking out! But why is it bad?”, Chifoi dismantles the optimism surrounding Bitcoin’s recent price action, arguing that this rally is not the start of a true bull run, but a temporary fakeout designed to mislead. Don’t Trust The Bitcoin Pump “From a technical standpoint, this could mean a real breakout, retest, and then continuation,” Chifoi admits. “But in my opinion, this is a false breakout which can get to a new shallow all-time high, maybe $113,000, maybe $120,000 until something like July 10 to 12—then we come back in this channel before July 20.” His thesis hinges on Bitcoin seasonality, a pattern he has explored in earlier videos, which suggests the real macro pivot will only arrive later in the month. “I’m more bullish from July 20 into the start of September,” he says. Related Reading: Bitcoin Latest Rally Backed By Stronger Purchasing Power: Report Chifoi argues that retail traders are likely to pile in during the breakout retest phase, only to be shaken out as market makers use the liquidity to reverse the trend. “The majority of retail traders would go long here on a retest. The market makers will get their money,” he warns, predicting a trap that could drag Bitcoin down to levels near $97,000 before the real uptrend resumes. His analysis extends beyond simple technicals. Chifoi points to macroeconomic sentiment and Fed policy as crucial context, particularly emphasizing that rate cuts would actually be a bearish signal—not bullish as commonly believed. “Rate cuts this year would not be bullish at all,” he insists. “It’s not Powell who decides, it’s the bond market who decides when the rate cuts should come… and when that is happening, it’s because they need to panic cut.” Chifoi stresses that the best-case scenario for bulls is actually no rate cuts, at least for now. “Just keep the rates at 4.5% maybe until year end. If this happens, I’m 100% sure that the market will go higher and higher before this starts to happen.” Related Reading: Buy Bitcoin Before Jackson Hole—Or Regret It Forever, Says Arthur Hayes Beyond Bitcoin, Chifoi forecasts a synchronized move across the broader crypto market once the July 20 pivot takes place. He highlights Ethereum, XRP, DeFi tokens like CRV, and ISO-compliant coins such as IOTA, ADA, and Quant as potential beneficiaries. “Bitcoin would drag all the crypto space with it,” he says, adding that older players like Filecoin and Polkadot could also catch a bid. Mid-Term Price Target Looking further ahead, Chifoi describes the coming period as a “stablecoin super cycle,” with DeFi projects and yield-generating protocols positioned to gain the most from Wall Street’s hunger for yield. “In crypto, only DeFi projects get you yields,” he explains. “Wall Street is boiling up for yields.” He also reaffirms his macro thesis that the current financial system is on track to be replaced, likening the transition to the 1930s move from gold to fiat. “After 100 years of this exact system, this should be replaced by another system with liquidity in it,” he says, envisioning a cryptographic banking future. Despite the short-term turbulence he expects, Chifoi remains long-term bullish. His price target of $160,000 for Bitcoin by early September reflects a belief in accelerated expansion—fueled by seasonality, delayed policy pivots, and broader adoption. In closing, Chifoi reminds his audience to zoom out and trust the high time frame signals. Referencing Bollinger Bands on the two-month chart, he notes the beginning of another expansion phase similar to late 2020. “After that, the bear market begins,” he cautions. But until then, the ride could be fast—and extremely volatile. “The next time we cut [rates], it is a big deal and something is wrong,” he concludes. “For now, we just want the cuts going higher for longer.” At press time, BTC traded at $108,848. Featured image created with DALL.E, chart from TradingView.com

Unified liquidity breaks DeFi’s oracle dependency, enabling truly permissionless leverage and shorting for long-tail tokens, and ushering in a scalable, composable and censorship-resistant financial market.

#finance #news #cbdc #canada

The study outlines a viable system design for a Canadian digital dollar with high privacy and speed.