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Cryptocurrency News
99Bitcoins
1w
413
Trump’s Truth Social Files for Crypto Blue Chip ETF
- Trump Media & Technology Group, the company behind Truth Social, has filed with the SEC for a new Crypto Blue Chip ETF, expanding its presence in the crypto space.
- The ETF includes a mix of five digital assets with Bitcoin at 70%, Ethereum at 15%, and smaller allocations for Solana, Cronos, and XRP, providing investors with exposure to major cryptocurrencies.
- This move is part of a broader strategy by Trump Media to delve deeper into crypto, alongside plans for a Bitcoin treasury product and a fintech platform named Truth.Fi.
- Critics have raised concerns about the ethical implications of merging political influence with financial products, questioning transparency and fairness.
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24 Likes
Coin Telegraph
1w
187
Image Credit: Coin Telegraph
SharpLink Gaming pops 28% as Ethereum holdings surpass $533M
- SharpLink Gaming stock rose over 28% as its Ethereum holdings exceeded $533 million after a series of recent buys.
- The company purchased an additional 7,689 Ether worth $19 million between June 28 and July 4, driving its total holdings to 205,634 Ether.
- SharpLink's stock price closed at $16.29 per share on Tuesday, marking a 28.6% increase, and continued to climb after hours.
- The company plans to use $64 million in net proceeds from share sales to acquire more Ether and has committed all its Ether holdings to staking.
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11 Likes
TronWeekly
1w
108
Image Credit: TronWeekly
Bitcoin Inches Toward $109,000, Will It Break Out This July?
- Bitcoin is trading at $109,090, close to breaking through the key $109,200 resistance level.
- On-chain data signals strong accumulation at $106,360, boosting confidence among long-term investors.
- A potential rally to $110K–$115K could follow a breakout above $109,200, supported by increasing volume.
- Technical analysis suggests Bitcoin is in a bullish position, with key support levels at $108,400, $108,200, and $107,500.
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6 Likes
Blockonomi
1w
162
Image Credit: Blockonomi
Uniswap Price Targets $9 as Dormant Wallets Awaken and Trading Volume Climbs
- Uniswap's price action gains momentum as dormant tokens activity hits an all-time high of 73 billion in age consumed.
- UNI price approaches $7.80, previously a strong resistance level, while average wallet age decreases by 7.2% suggesting re-entering long-held tokens into circulation.
- Daily trading volume exceeds $426M, reinforcing growing short-term bullish momentum for UNI.
- Dormant token activity on Uniswap spikes, signaling rising activity and potential price appreciation. Resistance at $7.80 may determine move towards $9, supported by increasing trading volume.
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9 Likes
Crypto-News-Flash
1w
259
Image Credit: Crypto-News-Flash
SEI Down 78% From March Highs but TVL Blasts Past $626M — $0.3 Incoming
- SEI's TVL has surged from $60 million to over $626 million, indicating strong investor interest despite a 78% price drop since its peak in March 2024.
- Regulatory approval from Japan's FSA and a rise in daily active users are boosting SEI's credibility in the global crypto market.
- SEI Network's on-chain activity and capital inflow have been on the rise, with TVL hitting record highs, showcasing significant growth uncommon in today's crypto space.
- Analysts are closely monitoring SEI's price levels, with discussions around proposals like SIP-3 for EVM compatibility that could attract more developers, despite the current price pressure.
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15 Likes
Cryptonews
1w
196
Trump Media files for ‘Truth Social Crypto Blue Chip ETF’ Featuring BTC, ETH, SOL, CRO & XRP
- Trump Media plans to launch the Truth Social Crypto Blue Chip ETF, investing in BTC, ETH, SOL, CRO, and XRP, aiming to capitalize on growing institutional interest in diversified crypto exposure.
- The ETF will be sponsored by Yorkville America Digital and will trade on NYSE Arca. Custody, execution, and staking operations will be managed by Foris DAX Inc., with rebalancing scheduled quarterly.
- Trump Media has filed previous crypto ETFs focusing on Bitcoin and Ethereum. The surge in spot crypto ETF demand highlights increasing institutional interest in the asset class.
- The ETF news led to a rise in Cronos and a decline in XRP prices. The filing reflects a deliberate push by Trump Media to anchor crypto products within U.S. markets.
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11 Likes
Cryptonews
1w
188
Joe Lubin: ETH Treasury Strategies Key to Tell Ethereum’s Story to Wall Street
- Ethereum co-founder Joe Lubin highlights the significance of Ether treasury strategies to enhance the cryptocurrency's supply/demand dynamics, similar to what companies like SharpLink Gaming are doing.
- Accumulating Ether in corporate treasuries helps absorb excess supply and create upward price pressure, ultimately telling the Ethereum story to Wall Street.
- SharpLink Gaming, a major player in Ether treasury strategies, saw its stock price surge by over 28% after acquiring 7,689 ETH.
- Lubin believes that Ether's weak price action against Bitcoin in recent years is partly due to weak narratives, which Ether treasury strategies can help address in a more pro-crypto regulatory environment.
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11 Likes
Bitcoinist
1w
145
Image Credit: Bitcoinist
Bitcoin Volatility Hits Bull Cycle Low – Bollinger Bands Signal Potential Breakout
- Bitcoin has been trading in a tight consolidation range below its all-time high of $112,000 since late May, indicating strong underlying strength as it hovers above key support levels.
- The decreasing volatility of Bitcoin, signaled by a Bollinger Bands squeeze, suggests an imminent major move, historically preceding explosive price swings. Analysts foresee a probable upside breakout given Bitcoin's positioning and uptrend.
- Macro-economic factors, such as the recent passing of a significant economic bill in the US and optimistic job data, are influencing investor sentiment in both traditional and crypto markets.
- Technical analysis reveals Bitcoin's price struggles around the $109,300 resistance level despite holding above the 50 SMA and 100 SMA. A breakout above $109,300 on strong volume could propel Bitcoin towards its all-time high, while a dip below the 100 SMA might expose it to the $103,600 support zone.
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TronWeekly
1w
277
Image Credit: TronWeekly
SUI Eyes Massive Rally; Bullish Wave Structure Targets $11.50 Breakout
- SUI is forming a bullish Elliott Wave structure with Wave 5 targeting the $11.50 resistance.
- The asset has seen significant gains in Waves 1 and 3, increasing by over 505% and 1050%, respectively.
- SUI is currently priced at $2.92 within a downtrending wedge, indicating a potential breakout.
- Market sentiment shifting from bearish to bullish is benefiting altcoins like SUI, driving gains.
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16 Likes
Cryptonews
1w
360
Ego Death Capital Unveils $100 Million Bitcoin-Only Fund to Fuel Cash-Flowing Startups
- Ego Death Capital closed a $100 million fund to support bitcoin-only software firms with proven cash flow, steering clear of speculative crypto assets.
- The fund focuses on Series A rounds for companies generating approximately $3 million annually, aiding in their expansion while allocating funds for exceptional seed plays.
- The fund avoids investments in miners or hardware companies, concentrating solely on software that bolsters Bitcoin's core infrastructure.
- Ego Death Capital's investment strategy targets Bitcoin-native software companies that contribute to real-world solutions, with key investments in companies like Roxom, Relai, and Breez.
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21 Likes
Coinpedia
1w
38
Image Credit: Coinpedia
Pi Network News Today, Pi Coin Price and More
- The Pi Network price may fall below $0.40 if stagnation continues, but implementing strategic actions could boost confidence and recovery.
- Pi Network is leading in the $16 trillion AI revolution, integrating AI in blockchain with real-world utility through AI-powered dApps.
- Recent token unlockings in Pi Network are creating market sell pressure, warning of potential volatility increase.
- Pi Network price in India is around ₹39.82–₹41.07 per coin with strong interest and liquidity, but faces challenges with potential sell pressure.
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2 Likes
Cryptonews
1w
288
Australia’s DigitalX Secures AU$20.7M Placement to Supercharge Bitcoin Treasury
- Australia's DigitalX raised AU$20.7 million from major crypto players to bolster its bitcoin reserves and expand operations.
- Investors paid AU$0.074 per share with warrants to buy more at AU$0.15; around AU$12.8 million will be used to purchase additional BTC.
- Animoca Brands' Yat Siu and Hervé Larren have joined DigitalX's advisory board as shares surged over 90%, signaling increased Web3 and BTC ambitions in Australia.
- The article is eligible for a web story.
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17 Likes
Coinpedia
1w
371
Image Credit: Coinpedia
GameSquare Goes All In on Ethereum with $100M Crypto Treasury Plan
- GameSquare, a Nasdaq-listed gaming and media company, allocates $100 million to an Ethereum strategy, partnering with Dialectic to unlock 8-14% on-chain ETH yields.
- Following the announcement, GameSquare's stock price soared by 58%, reaching a trading volume of over $40 million, signaling excitement among investors.
- The company's partnership with Dialectic aims to utilize machine learning and risk controls to target higher yields in the Ethereum ecosystem, with plans to diversify into stablecoins and NFTs.
- The move reflects a growing trend of traditional firms embracing digital assets not just for speculation but for operational value, demonstrating confidence in the future of decentralized finance.
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22 Likes
Cryptonews
1w
229
SEC Greenlights Trump Media’s Bitcoin & Ethereum ETF Filing, Kicks Off Review Clock
- The SEC has accepted Trump Media’s application for a Bitcoin and Ethereum ETF on NYSE Arca, initiating the regulatory review process.
- Crypto.com’s Foris DAX Trust will secure the crypto assets, with Yorkville America Digital acting as the fund's sponsor, and NAV based on CME CF reference rates.
- Competition for crypto ETF approvals is intensifying, but uncertain SEC procedures could lead to delays, as observed with Grayscale's recent multi-crypto ETF reversal.
- The eligibility of this news article for a web story is true
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13 Likes
Coindoo
1w
25
Image Credit: Coindoo
4 Best Long-Term Cryptos to Buy Now: Why BlockDAG, Cardano, TRON & Aptos Stand Out This Season
- BlockDAG, Cardano, TRON, and Aptos are currently being looked at as the best long-term cryptocurrencies to buy for potential steady growth.
- BlockDAG (BDAG) is gaining attention for its expanding system and structured pricing. It has raised $333 million in funding and is offering a chance for early buyers to see significant growth at launch.
- Cardano (ADA) stands out for its research-based upgrades and focus on steady progress with academic reviews before release, making it a preferred choice for long-term investment.
- TRON (TRX) is highlighted for its fast transaction speeds, particularly suited for media and content applications, with recent updates enhancing its attractiveness as a long-term investment.
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