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Cryptocurrency News
Crypto-News-Flash
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Cardano Price Climbs While SEC Freezes Grayscale GDLC—What’s Next for ADA?
- Cardano (ADA) price rose by nearly 8% despite SEC pausing the approval of Grayscale's GDLC fund.
- Cardano remained stable above $0.60 after the price increase, supported by positive investor sentiment and broader market optimism.
- Technical indicators and bullish trader activity suggest a potential breakout for Cardano in the near future.
- Cardano is trading at $0.6083, with the long-to-short ratio indicating optimism and open interest showing stronger buying pressure.
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Crypto-News-Flash
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XRP ETF Approval Odds Near 100%—Could This Be the Catalyst for a $5 Price Explosion?
- The approval odds for an XRP spot ETF are currently at 95% according to Bloomberg analysts, with several asset managers having filed applications for XRP ETFs.
- XRP supporters are optimistic about a more favorable regulatory climate and growing institutional interest potentially leading to the approval of an XRP ETF.
- Legal battles for Ripple's XRP are progressing, with both the SEC and Ripple Labs recently filing a joint request and speculation arising around the case's upcoming closure.
- While short-term XRP price remains volatile, recent institutional interest and developments like Grayscale's Digital Large Cap Fund approval signal potential for a breakout towards $5 and beyond.
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Bravenewcoin
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XRP Price News: Crypto Veteran Compares $2 XRP Buy to $50 Bitcoin—Could XRP Repeat BTC’s Ascent?
- XRP has experienced a surge in price, reaching over $2.30 this week, with market analysts predicting further gains in the near term.
- A comparison has been drawn between buying XRP at $2 and buying Bitcoin at $50, with regulatory clarity providing a strong foundation for XRP's growth.
- Analysts predict XRP could reach highs of $6.50 to $26 in the near future, with some suggesting even higher price targets of $100 in the long run.
- Despite uncertainties, many in the crypto community believe XRP's current price levels present an opportunity for significant future gains, driven by institutional adoption and regulatory clarity.
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Bravenewcoin
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Floki Price Prediction: FLOKI Surges 9.25 Percent as Bullish Reversal Begins
- FLOKI token surged 9.25% to $0.00008063 with increased trading volume, suggesting a bullish reversal.
- FLOKI has a circulating supply of 9.66 trillion tokens and a market capitalization of $778.47 million, ranking 115 globally.
- FLOKI operates within the Floki Ecosystem with products like Valhalla and Floki University, enhancing its utility value beyond speculative trading.
- Technical indicators point to a potential bullish reversal for FLOKI, with analysts predicting higher price levels around $0.00018 to $0.00023 if current support holds.
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Blockonomi
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Image Credit: Blockonomi
XRP Price Forms Bullish Pattern, Could Rally 15% to $2.65
- XRP price eyes a key resistance level at $2.32 in a bullish IH&S pattern, aiming for $2.65.
- Price maintains above $2 with increasing volume, reinforcing short-term bullish momentum.
- Traders anticipate a 15% rally as XRP gains 7% in a week; focus on regulatory clarity at July 9 Senate hearing.
- Chart analysis shows a breakout past the 0.786 Fib level, indicating confidence in continued upward trend.
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TronWeekly
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IMF Rejects Pakistan’s Plan to Offer Subsidised Power for Crypto Mining Operations
- The International Monetary Fund (IMF) has rejected Pakistan's plan to offer subsidised electricity for cryptocurrency mining operations.
- IMF expressed concerns about possible market distortions and long-term effects on Pakistan's power industry due to the subsidy plan.
- The IMF raised alarm on the imbalance in the economy that could arise from the proposed electricity consumption rates for crypto mining operations.
- The rejection challenges Pakistan's Bitcoin infrastructure plans and raises doubts about its intentions in the digital asset world.
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Coindoo
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Best Crypto to Watch Now- 4 Hidden Gems Leading the Next Blockchain Boom
- Qubetics ($TICS) offers Real World Asset Tokenization Marketplace for global trade.
- Celestia focuses on scalable Web3 deployment with modular blockchain architecture.
- Cosmos enables multichain connectivity through IBC protocol for secure transactions.
- Cronos, backed by Crypto.com, facilitates DeFi growth and NFT activities seamlessly.
- These projects showcase innovation and potential making them crypto gems to watch.
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Bravenewcoin
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Image Credit: Bravenewcoin
Dogwifhat Price Prediction: WIF Price Soars 14.75% to $0.93 as $1 Breakout Nears
- Dogwifhat's (WIF) price surged by 14.75% to $0.93 within 24 hours, nearing the $1 mark, with bullish indicators signaling potential for further gains.
- Market data shows WIF has a market capitalization of around $941.9 million, ranked 101st by total cryptocurrency value, and a circulating supply of nearly one billion tokens.
- Analysts predict a breakout scenario as WIF tests resistance at $0.93, aiming for the $1 level which historically acted as a significant support and resistance zone.
- Technical analysis supports a potential breakout, with indicators like the Awesome Oscillator shifting positively and the Balance of Power suggesting buyer strength, urging caution until confirmed candle closes above key zones.
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TronWeekly
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Image Credit: TronWeekly
BONK Price Skyrockets 22%: But Will the ETF Launch Sustain the Rally?
- BONK led the cryptocurrency market with a 22% surge in the past 24 hours, driven by anticipation of a 2x Long BONK ETF launch by Tuttle Capital.
- The ETF filing suggests a potential launch date of July 16, sparking investor optimism and increasing buying activity in BONK.
- BONK's spot net inflow doubled in the last 24 hours, reaching $1.68 million, indicating strong investor demand and positive market sentiment.
- BONK's positive funding rate in the futures market, trading above its 20-day EMA, and bullish price sentiment point towards a potential breakout to $0.000018.
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TheNewsCrypto
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REX Solana Staking ETF Shines on Debut with $33M Volume
- The REX-Osprey Solana Staking ETF had a successful debut with over $33 million in trading volume on the first day.
- On its initial day, the SSK fund attracted $12 million in inflows, showing promising early interest.
- The REX Solana Staking ETF outperformed other similar ETFs with assets under management reaching $1 million and generated favorable reactions in SOL price and CME futures volume.
- Speculation suggests that the ETF's asset under management might soon exceed $10 million, indicating a positive market reception and potential growth.
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TechBullion
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July Is Here: Check Out Pepeto and These 3 Undervalued Cryptos for 100x Returns
- Pepeto is a unique meme coin with substance, focusing on value and utility with its upcoming exchange platform.
- Snorter is a Solana-based trading bot catering to meme coin traders, offering lower fees and enhanced security features.
- Bitcoin Hyper addresses Bitcoin scalability issues using Solana technology, promising faster transaction speeds and lower fees.
- Each of these projects, Pepeto, Snorter, and Bitcoin Hyper, brings a specific value proposition to the crypto space and are currently in presale stages.
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Medium
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Image Credit: Medium
XAI65: Elon Musk’s New AI-Powered Crypto Taking the Market by Storm
- XAI65 is an AI-integrated cryptocurrency focused on revolutionizing decentralized applications and finance with real-time data processing and high-speed smart contracts.
- Backed by Elon Musk, XAI65 aims to dominate the AI-crypto convergence space with tangible value propositions and a presale offering up to 200% deposit bonuses.
- Musk's involvement in XAI65 goes beyond promotion, with contributions to AI algorithm design and decentralized autonomous functions, making it a credible new project in the market.
- With a structured presale offering incentives for early adopters and a strong technological foundation, XAI65 is poised to be a significant player in the cryptocurrency market.
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Livebitcoinnews
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Swiss AMINA Bank Becomes First to Support Ripple’s RLUSD Stablecoin
- AMINA Bank in Switzerland is the first global bank to offer support for Ripple's new stablecoin, RLUSD, providing custody and trading services for the USD-pegged digital asset.
- Starting July 3rd, clients of AMINA Bank will have access to hold and trade RLUSD, catering initially to professional investors, institutions, and corporations.
- Regulated by FINMA, AMINA Bank ensures secure custody of stablecoins, addressing the increasing demand for safe storage options for digital assets.
- The move by AMINA Bank to support RLUSD is seen as a strategic partnership with Ripple, aimed at meeting the rising demand for regulated digital money and expanding Ripple's clientele.
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Bitcoinsensus
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Image Credit: Bitcoinsensus
Institutions Move $230M in ETH to Cold Wallets—Ethereum Now Up 7% in The Week
- Institutional interest in Ethereum is surging as $230 million worth of ETH was moved off centralized exchanges by two major players in the last 24 hours.
- Large withdrawals like these are often seen as bullish indicators, suggesting that institutions are opting to hold or stake ETH rather than trade.
- Ethereum has seen a 7% increase in value over the past week, currently trading at $2,591, with network fundamentals improving as validators raised the gas limit to 45 million, enhancing network capacity.
- Institutional adoption of ETH is gaining momentum, with companies like Bitmine announcing a $250 million private raise to build an Ethereum treasury, indicating a growing interest in accumulating and utilizing ETH.
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Blockonomi
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Image Credit: Blockonomi
DeFi Development Corp. Buys $2.72M in Solana, Grows Holdings to Over 640K SOL
- DeFi Development Corp. purchased 17,760 SOL at $153.10, totaling $2.72 million in value.
- The company now holds over 640,000 SOL, valued at approximately $98.1 million and follows a staking strategy with own and third-party validators to generate native SOL rewards.
- Shares reflect 0.042 SOL per unit, with per-share value estimated at $6.65.
- Despite recent market volatility, the purchase reinforces institutional confidence in Solana's long-term potential, positioning DeFi Development Corp. as a significant player in the Solana ecosystem.
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