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Now is a great time to secure your crypto assets with a stylish Ledger hardware wallet. Until July 15, 2025, Ledger is offering 30% off its most popular devices in a range of eye-catching colors. This discount applies to all Ledger Nano X colors (except black) and all Ledger Nano S Plus colors (except black and orange).

The promotion is a great opportunity to own one of Ledger’s highly-rated devices. The unique color options, such as gold, pastel pink, emerald green, and sapphire blue, add a touch of personal style to these essential crypto security tools.

Why Ledger Wallets Are a Popular Choice for Crypto Storage

Ledger established itself as one of the most secure crypto wallets and boasts approximately 7M users worldwide. Their popularity is due to a combination of top-notch security features, a sleek design, and a user-friendly interface.

Some of the key features that make Ledger wallets stand out include:

• Supports over 5.5K coins and tokens, including NFTs
• Bluetooth connectivity for convenient wireless transactions
• Third-party wallet compatibility for seamless integration with popular software wallets
• Earn rewards by staking supported tokens like Solana, Ethereum, and Cosmos directly through your Ledger device
• The Ledger Live mobile app allows you to manage your assets, install multiple apps, and track your portfolio

Uncompromised Security: The Core of Ledger’s Design

What truly separates Ledger from other hardware wallets is its multifaceted security features designed to keep your assets safe from a whole array of threats.

Ledger’s standout security measures include:

• Secure Element (SE) chip: The tamper-proof CC EAL5+ certified chip securely stores your private key offline, keeping it completely separate from your internet-connected device. The SE chip also protects the device’s screen from attacks like clickjacking and address poisoning.
• PIN code protection: Your PIN code is the first layer of defense and is needed to access the device and confirm any transactions.
• BOLOS operating system: Ledger’s proprietary Blockchain Open Ledger Operating System (BOLOS) is custom-built for asset security. It isolates installed apps so that they cannot communicate with each other, so if one application is compromised, it won’t affect the others.
• 24-word recovery phrase: This standard cryptographic backup is crucial for regaining your wallet’s contents if you lose or damage your device. If you lose this phrase, you lose your assets, as not even Ledger’s customer support can help you retrieve them.

Ledger’s Donjon team reinforces its commitment to security. This internal team of ethical hackers constantly attempts to identify vulnerabilities in Ledger’s hardware and software.

They even have a dedicated blog where they publicly post their attempts and findings and operate a Bug Bounty program to incentivize the wider security community to report any weaknesses with Bitcoin rewards.

This rigorous, multi-layered security approach explains why Ledger wallets have never been breached. The only notable security incident was a data leak from Ledger’s internal servers, which took place in 2020. It didn’t affect the security of users’ funds stored on Ledger devices.

Should You Buy Ledger?

If you want a secure, easy-to-use, and portable hardware wallet, Ledger offers an excellent solution. It provides almost impregnable security, convenience, and the ability to access and transact your funds on the fly.

The current 30% discount for Nano S Plus and Nano X is another incentive, allowing you to blend top-tier security with personal style, thanks to the epic color palette that turns your wallet into a useful and chic accessory.

To learn more about Ledger products or take advantage of this limited-time offer, visit the official website today. Remember the promotion ends on July 15, in less than a week.

Remember, this is not financial advice. Do your own research (DYOR) before making any investment decisions.

Tech billionaire, space adventurer, and aspiring President of the World, Elon Musk, has sent a meme coin soaring with just one post on his self-owned X platform. And as $PNUT sees a 153.9% spike in trading volume since yesterday, the market’s best meme coins in 2025 could go along for the ride.

Just how Musk sent $PNUT on an unintentional Tesla ride to the moon came about because of his take on the Epstein files. Go figure.

Proving that there’s never a dull moment when it comes to the US, the FBI and Department of Justice issued a statement on its review of the Jeffrey Epstein files. On a highly contentious note, however, the departments collectively state that they found no evidence of a client list.

That, of course, is somewhat of a surprise to most, considering the many high-profile individuals – among them US President Donald Trump – who had reportedly been associated with Epstein over many years, before his suicide in 2019 while incarcerated.

And who could forget the cringy yet popcorn-worthy war of social media posts between Musk and Donald Trump, following the very public breakup of their bromance. At the time, the former head honcho of DOGE went as far as to allege that the President was mentioned in the Epstein files.

That specific post was subsequently deleted. But now that the DOJ and FBI have denied any evidence of a client list in the Epstein files, Musk has hit back with another post.

This time, it’s a meme that refers to social media squirrel star Peanut and his raccoon sidekick Fred, who met their untimely demise through euthanasia at the hands of state authorities.

Musk Tweets, $PNUT Pumps

Of course, his X post is a jab at the US administration, pointing towards a cover-up. However, Musk’s mere mention of the dearly departed squirrel saw its eponymous meme coin – Peanut the Squirrel ($PNUT) – soar by 10% within a few short hours.

$PNUT reached $0.2379, although it has since settled. At the time of writing, 1 $PNUT costs $0.2250. That’s still a 5.42% increase, however. And with a 24-hour trading volume of $259.26M $PNUT’s market cap is also up by 4.5%, at $222.58M.

One thing is clear. While meme coins were once dismissed as having no place among the OGs of the market, since 2024, the top meme coins have claimed their place as heavy hitters.

More Meme Coins Set to Explode?

It’s not only the likes of $DOGE, $SHIB, $PEPE, and $BONK taking the limelight. As $PNUT is also enjoying its time in the sun (thanks, Elon). And with a little viral nudge, more of the best meme coins of 2025, like the ones we’ve reviewed below, have the potential to prove their mettle.

1. Bitcoin Hyper ($HYPER) – An L2 Set to Revolutionize the Bitcoin Blockchain

Bitcoin Hyper ($HYPER) is the exciting new meme coin behind a Layer-2 Bitcoin ecosystem, designed to add much scalability to the platform. That’s big news because, while the Bitcoin blockchain is renowned for its security, it has some pitfalls.

For one, transactions are often pricey and, at the best of times, pretty slow compared to the Solana counterpart. Cross-chain compatibility is also a bugbear.

But that’s where Bitcoin Hyper steps in. It’ll enable fast, low-fee Bitcoin transactions. And, being a multi-chain platform, it’ll open the Bitcoin door to meme coins, DeFi, and dApps. That in itself is a biggie.

$HYPER is currently in presale, which means you can buy it for just $0.0122 and stake it for an impressive 372% in rewards. Our guide to buying $HYPER explains how to do just that. Remember, though, $HYPER’s price will increase in stages. So the clock is ticking on this one.

2. Snorter Token ($SNORT) – The Telegram Bot for Instant, Easy Trading

Trading bots are becoming more and more en vogue as the crypto market attracts new investors and traders. The Snorter Bot, however, has a competitive edge – it’s native to Telegram. And powered by its native token, Snorter ($SNORT), this could be a game-changer.

That’s because the trading bot offers a fast, low-fee trading suite. That means $SNORT holders can automate swaps, execute copy trades, track their portfolios, set up stop-losses, and much more – directly from within their Telegram chat.

Whether you’re a degen or crypto newbie, the Snorter Bot pulls out all the stops to make investing and trading a cinch. And all the while employing high-grade rugpull and honeypot detection to keep you – and your crypto – safe from scams and fraud.

To explore what else this powerful little trading bot can do if you’re a $SNORT holder, take a look at our guide to buying Snorter Token. Like $HYPER, $SNORT is also in presale. It currently costs $0.0977, and you can stake yours for 220% APY.

3. America Party ($AP) – Trending on the Back of US Politics

In keeping with all things Elon and meme coins, the America Party Token ($AP) could be another one to watch. And its name is inspired by – you guessed it right – Musk’s new political party, which he announced he was launching in a July 5 X post.

To be clear, though, this meme coin is not Musk’s own pet project. But, according to the official $AP website, it is “inspired by the outspoken clarity of figures like Elon Musk, who champions truth over perception and action over rhetoric.”

That also makes the America Party meme coin very much a newcomer to the market. However, it has already been listed on DEXs and is available for trading.

While the future of $AP and indeed, Musk’s own political party, remains unclear, it’ll be interesting to see how this meme coin performs down the line. Especially considering that meme coins linked to – or mentioned by – Musk tend to get noticed.

Currently, $AP costs $0.002201, up 7979% since its launch less than two days ago.

The Space to Watch

When America sneezes, the rest of the world catches a cold, as they say. But if that results in Musk bolstering the meme coin market – albeit inadvertently – it’s a cold we don’t mind catching. Just ask $PNUT. It’s surely not complaining.

The rest of the meme coin market also stands to gain. That’s why we expect big things from top meme coins like $HYPER. As always, though, be sure to DYOR before making any investment. This, after all, is not financial advice, and the crypto market is unpredictable.

Metaplanet CEO Simon Gerovich recently made waves by declaring the company’s bold mission: to accumulate so much $BTC that it becomes “very difficult for others to catch up.”

This isn’t just a casual statement; it signals unwavering confidence in Bitcoin’s future and a strategic move to secure long-term dominance in the digital asset space.

When institutional players like Metaplanet start aggressively stacking Bitcoin, it reinforces the narrative that Bitcoin isn’t going anywhere; it’s becoming the backbone of global finance.

And that’s where Bitcoin Hyper ($HYPER) comes in. As a powerful Layer 2 network built on Bitcoin’s secure foundation, $HYPER is uniquely positioned to benefit from this growing institutional momentum.

It aims to bring smart contracts, DeFi, and real utility to the Bitcoin ecosystem, unlocking entirely new use cases without compromising Bitcoin’s core principles.

As the world turns more bullish on Bitcoin, $HYPER could be one of the biggest breakout opportunities riding its coattails.

MetaPlanet Seeks to Hold 210K $BTC by 2027

After describing the current market stance as a ‘Bitcoin gold rush’ to the Financial Times, Gerovich announced the firm’s plans to build on the largest $BTC treasuries worldwide.

He then went on to discuss how the profits made can be used to secure financing and acquire profitable, cash-generating businesses.

Despite already holding 15,555 $BTC, Metaplanet has set a target of holding 210K $BTC by the end of 2027.

If it reaches that milestone, it’ll still be a far cry behind Strategy (formerly MicroStrategy), which holds a total of 597,325 $BTC as of June 30, 2025.

But as institutional interest in $BTC rises, its network faces growing pressure for high fees, slow speeds, and limited functionality.

Thankfully, this is where Bitcoin Hyper steps in, solving these pain points through its scalable Layer 2 solution that’s getting set to launch in Q3 2025.

Bitcoin Hyper to Make Bitcoin Network Faster & Cheaper

Bitcoin Hyper is a Layer 2 network being built to make Bitcoin’s transactions faster, cheaper, and boost the network’s overall programmability.

Thanks to leveraging the Solana Virtual Machine (SVM), it’ll bring fast, scalable smart contracts to the Bitcoin ecosystem. As a result, it’ll be able to enable real-time dApps.

To securely move $BTC between the Layer 1 and the Layer 2 network, it’ll use a decentralized Canonical Bridge. This way, you’ll be able to mint wrapped $BTC for use in DeFi, NFTs, and gaming.

Better still, transactions on Bitcoin Hyper strive to be low-cost, eco-friendly, and will be processed using a Proof-of-Stake validator model.

The native token $HYPER is designed to power the entire Bitcoin Hyper ecosystem. It can be used for staking at a sizable 372% APY and will play a key role in governance.

Plus, once the Layer 2 network officially goes live, you’ll be able to use it to pay transaction fees, interact with dApps, and access various services across the Bitcoin Hyper platform.

Bitcoin Hyper Launch Offers Possible 2,523% Returns

As institutions like Metaplanet go all-in on $BTC, the urgency for scalable Bitcoin infrastructure is reaching a tipping point. Bitcoin was built to be secure and decentralized, but not necessarily fast or flexible. And now, with big money flooding in, the pressure is on to upgrade the network’s capabilities.

That’s where Bitcoin Hyper steps in. Purpose-built as a Layer 2 solution, it’s designed to make Bitcoin faster, dramatically lower transaction costs, and unlock smart contract functionality — without compromising the network’s legendary security.

In short, Bitcoin Hyper is shaping up to be the key that transforms Bitcoin from a store of value into a fully programmable, scalable financial ecosystem. As institutional adoption accelerates, $HYPER could become one of the most critical pieces in Bitcoin’s evolution.

To unlock Bitcoin Hyper’s full potential, you can purchase $HYPER on presale for just $0.0122 a token.

When the L2 launches on mainnet, it’s anticipated to spike to $0.32. This means there’s no better time to get involved for possible 2523% gains.

This isn’t investment advice. Always DYOR and never invest more than you’re willing to lose.

According to a Fortune Magazine report, major tech firms worldwide like Uber and Amazon are reportedly exploring the implementation of crypto stablecoins as a solution for global financial transactions. 

Tech Giants Race To Integrate Stablecoins

Uber’s CEO, Dara Khosrowshahi, recently announced plans to investigate stablecoins for international money transfers, a concept that, just a year ago, would have seemed improbable for a leading tech executive. 

Today, however, companies such as Apple, Amazon, and various banks are racing to integrate these cryptocurrencies, which are pegged to stable assets like the US dollar.

This move comes amid renewed interest in these assets, as the US Senate recently approved the GENIUS Act — potentially the country’s first crypto bill — which could establish a new regulatory framework for stablecoins and integrate them into the broader financial ecosystem.

Nevertheless, analysts caution that widespread adoption of stablecoins by tech giants may still be a long way off due to the nascent nature of the technology and ongoing regulatory uncertainties, despite the enthusiasm from Silicon Valley.

For Amazon, the financial implications of adopting stablecoins are significant. The company’s international sales, which amounted to nearly $143 billion last year, are subject to foreign exchange risks. As sales are conducted in local currencies, fluctuations can result in substantial financial losses. 

Nick van Eck, CEO and co-founder of the stablecoin startup Agora, highlighted that stablecoins could enhance capital efficiency for multinational corporations like Amazon by enabling them to convert local currencies into stablecoins and repatriate them more easily to the US.

A Cost-Effective Alternative?  

Agora is among several startups capitalizing on this growing trend, having raised substantial venture capital in the past year. Notably, payments company Stripe made headlines with its $1.1 billion acquisition of the stablecoin startup Bridge, recognizing the technology’s potential for streamlining international transactions.

Colin Sebastian, a research analyst at Baird, noted that companies are continually seeking financial instruments that help manage costs and streamline operations. Traditional credit card transactions can be expensive, especially for cross-border payments, making US-dollar pegged cryptocurrencies an attractive alternative.

Yet, the challenge remains: convincing consumers to adopt these coins for everyday transactions. As Sebastian pointed out, credit and debit cards are deeply ingrained in consumer behavior, raising the question of what would motivate individuals to shift to stablecoins. 

Thomas Forte, an analyst at Maxim Group, echoed this sentiment, suggesting that Amazon’s most logical use of stablecoins might be to reduce transaction fees for customer payments. However, he questioned the consumer incentive for using stablecoins in the US.

 Major Players Set To Enter Digital Currency Market

Van Eck believes that the initial adoption of stablecoins could occur in countries with less stable currencies, where the need for a stable payment method is more pressing. He recounted his experiences with slow international wire transfers, highlighting a common pain point for businesses operating globally. 

In Argentina, where inflation has persisted for over 15 years, these cryptocurrencies represent nearly 62% of the country’s digital trading volume, compared to a global average of about 45%.

Despite the challenges, US tech companies are making strides in the stablecoin space. PayPal has launched its own token, while Robinhood and Mastercard have joined a consortium for minting the USDG cryptocurrency. Companies like Amazon, Apple, and Meta are also exploring these assets for potential payouts.

Featured image from DALL-E, chart from TradingView.com 

Ripple chief executive Brad Garlinghouse will ask US lawmakers to “put the country on the path to being a global blockchain and crypto leader” when he testifies this morning before the Senate Banking Committee’s hearing on “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” His prepared remarks, obtained in advance, frame the session as a choice between regulatory clarity that keeps innovation onshore and a continuation of regulation-by-enforcement” that drives talent abroad.

What Ripple Wants Lawmakers To Hear

Garlinghouse opens by reminding senators that Ripple was created “more than a decade ago with a mission: to enable the Internet of Value — a world where money moves like information does today”. He describes the XRP Ledger as “decentralized, battle-tested” infrastructure that already powers “fast, low-cost and highly scalable” cross-border payments for banks worldwide . Ripple, he notes, operates under “over 60 payment service, crypto and money-transmitter licenses” precisely because it “made the deliberate choice to work with policymakers and regulators — not around them”.

The core of the testimony is an indictment of Washington’s policy vacuum. “For the last decade, the legal and regulatory uncertainty surrounding crypto has prohibited meaningful progress in the US,” Garlinghouse warns, arguing that the absence of clear rules “has been weaponized to target good actors” and is “pushing technology, jobs and tax dollars offshore, reducing regulatory oversight and putting consumers at higher risk”.

He cites Ripple’s own four-year litigation with the Securities and Exchange Commission as emblematic. The 2020 SEC lawsuit, he recalls, made Ripple “the tip of the spear of this regulation-by-enforcement campaign,” yet the company ultimately prevailed: “The court ruled in our favor on everything that mattered — including finding that the token XRP is not, in and of itself, a security”. That outcome, he contends, opened the door for other US crypto firms to fight back.

Garlinghouse then lays out three legislative priorities: 1) clear jurisdictional boundaries among regulators, 2) workable pathways for companies to build in the United States without sacrificing investor safeguards, and 3) a framework that lets America “be a global leader in crypto by taking full advantage of the benefits and efficiencies brought by digital assets and blockchain technologies”. With an estimated 55 million US crypto users and a $3.4 trillion global market capitalization on the line, he argues, the stakes are national—not merely corporate.

“Speaking on behalf of the entire crypto industry, I urge you to prioritize the passage of market-structure legislation for digital assets through this Committee and the full Senate,” Garlinghouse tells lawmakers, predicting that such a step would “catalyze a new era of US competitiveness and unlock efficiencies in financial transactions”. He closes with a challenge: “There is no reason we should not be the undisputed leader in digital assets and blockchain”.

Whether those words move the legislative needle will become clearer as the hearing unfolds, but Garlinghouse’s testimony sets the tone: cooperation over confrontation, clarity over uncertainty—and a blunt warning that the window for US leadership is narrowing fast.

At press time, XRP traded at $2.31.

Binance has received a major injection of liquidity. The world’s largest crypto exchange has witnessed an eye-popping $31B influx in stablecoins, primarily in $USDT and $USDC.

When a substantial amount of capital is sitting idle in stablecoins, it often indicates that investors are preparing to shift funds into more speculative assets, like altcoins.

The reason is that stablecoins are a crucial source of on-chain funds. Because of their 1:1 ratio to fiat currencies like the US dollar, they carry less risk and allow traders to enter the market quickly when the time is right.

With signs pointing to an altcoin season likely in store, now could be the best time to invest in the best altcoins – like Best Wallet Token ($BEST), SUBBD Token ($SUBBD), and Treasure ($MAGIC) – before major price action possibly begins.

Stablecoins Pile Up While $BTC Withdrawals Surge

At the same time, indicators and cryptocurrency analysts are closely monitoring $BTC activity. While significant amounts of dollars are being invested in stablecoins, $BTC is being withdrawn from crypto exchanges.

The combination of rising stablecoin reserves and falling $BTC exchange balances suggests that capital is sitting on the sidelines. Investors appear to be waiting to jump into altcoins when a breakout begins.

From 2023 to 2024, Binance’s stablecoin and Bitcoin reserves were closely correlated, while the growing stablecoin reserves provided liquidity for bitcoin purchases.

—Tim Oinen, Cryptoquant

This correlation started weakening in late 2024. But in early 2025, that pattern changed. $USDT and $USDC reserves surged to a record $31B on Binance, while $BTC reserves dropped.

Oinonen calls this ‘decoupling,’ suggesting that investors are moving $BTC to long-term storage (cold wallets), while holding stablecoins as ‘dry powder’ ready to deploy – possibly into altcoins.

With the total stablecoin market cap now over $255B, liquidity is building across the board. If the market picks up, altcoins could rally fast. This makes now a favorable time to snag $BEST, $SUBBD, and $MAGIC before they likely rise in price.

1. Best Wallet Token ($BEST) – Official Token to No-KYC, Multi-Chain Crypto Wallet With MPC Security

$BEST is the native token of the Best Wallet app, our #1 anonymous crypto wallet designed to simplify and secure access to the decentralized world.

As a non-custodial, multi-chain wallet, it supports over 1K+ digital assets, soon across over 60 blockchain networks – all without requiring KYC when creating the account.

It makes it easy to buy, store, send, and trade crypto assets – including top altcoins – while offering top-notch features like cross-chain swaps and portfolio management. It even has a built-in launchpad for the best crypto presales.

All is achieved without compromising security. Best Wallet leverages Fireblocks’ MPC technology to eliminate single points of failure by storing private keys in a secure, single location.

Moreover, instead of using traditional seed phrases, you’ll get secure cloud backups and biometric login for safer, easier access.

Seed phrase exploits and front-end compromises were responsible for over 80% of crypto losses in the first half of 2025. So, choosing a wallet like Best Wallet is useful to safeguard against such threats.

To make the most of Best Wallet, you’ll want to purchase $BEST. Then, you can enjoy lower gas fees, higher staking rewards (currently at a 100% APY), and governance rights to vote on the mobile app’s future trajectory.

$BEST is currently available for just $0.025305. But act fast. Following exchange listings and new developments (like Best Card, its upcoming crypto debit card), the altcoin’s predicted to reach $0.072 this year – a hefty 184% rise compared to its current price tag.

2. SUBBD Token ($SUBBD) – Boosts Creator Fandom Through AI & Blockchain Tech

SUBBD Token ($SUBBD) powers an AI-driven content platform built on the blockchain for creators and fans alike.

Its ultimate goal is to reshape the $85B subscription-based content industry by giving creators more control and fans novel ways to engage.

For creators, it offers a comprehensive suite of AI tools, including a video generator, voice cloning, and automated profile creation. This way, they can streamline their production, reduce costs, and increase their earnings.

On the other hand, fans benefit through exclusive content access, personalized AI experiences, and direct engagement with their favorite creators. Their loyalty will also be rewarded with platform perks, staking incentives, and governance votes.

Together, these two-way systems can significantly boost fandom by creating a truly community-owned creator economy. Read our guide to learn more.

Whether a creator or fan, you can get involved by buying $SUBBD on presale for just $0.055875.

Now’s a great time to get involved, before the possible altcoin season and marketing of high-earning creators possibly push $SUBBD to $0.301 by this year’s end – a potential gain of over 438%.

Considering that the SUBBD ecosystem has already attracted over 2K+ top-earning creators, the SUBBD ecosystem is already gaining serious traction.

3. Treasure ($MAGIC) – Surges 82% as Its AI Agent AbstractLaunch Nears

Over the past 24 hours alone, $MAGIC has soared by more than 82%. Such a spike is driven mainly by growing excitement in Treasure, the AI-powered entertainment ecosystem that it fuels.

In just five days, Treasure will launch on AbstractChain and showcase its AI agent, Smol, which is capable of autonomously learning and interacting with dApps.

Also driving excitement around $MAGIC are Treasure’s three core products:

• Virtual companions: Personalized AI agents that play Web3 games, use social media, and trade on-chain.
• Smolworld: AI-infused tamagotchi-style game that brings NFT avatars to life;
• Bridgeworld Canopy: Strategy game showcasing swarm-AI dynamics.

$MAGIC unlocks agent functionality, fuels transactions within the games, and is also the currency for Treasure Market (its NFT marketplace).

Beyond utility, the token also provides an opportunity to contribute to the ecosystem’s evolution by participating in its DAO.

You can get in on the action by purchasing $MAGIC on major exchanges – MEXC, OKX, Bybit – for roughly $0.21 apiece.

Market Liquidity Builds, Altcoins Get Ready to Rally

With billions of dollars flowing into Binance and $BTC quietly moving off exchanges, the stage is set for a massive altcoin rally.

This dry powder of liquidity is likely waiting for the right catalysts, and altcoins like $BEST, $SUBBD, and $MAGIC might be the frontrunners.

Whether you’re interested in non-custodial crypto wallets, decentralized content creation, or blockchain entertainment, they could be the next crypto to explode when the moment’s right.

This isn’t investment advice. Always do your due diligence before investing in crypto as it’s a volatile space.

The Bitcoin price continues to trend very close to its all-time high levels and has dominated the market in terms of gains over the last few months. Given how much the price has grown during this time period, expectations have begun to skew toward a possible drawdown as the price moves to correct after continuously moving upward. This is highlighted by crypto analyst Xanrox, who has warned investors of an impending Bitcoin price crash and revealed the best time to actually buy the digital asset.

Analyst Calls Out Bitcoin Price Recovery As Takeout

Over the last week, the Bitcoin price has climbed higher and briefly moved above the $110,000 level before rolling back downward. This has pointed to a steady climb in participation as crypto investors begin to make their bets once again. However, while the market has celebrated this climb, crypto analyst Xanrox has called it out for being a bearish development.

The analysis focuses on the Bitcoin price uptrend that saw it tap $110,000. But he points out that instead of a clean break, the digital asset had failed to continue its uptrend even after breaking out of its descending channel. Given this, Xanrox explains that this is a false breakout of a pattern, or what is commonly known in the crypto community as a “bull trap.”

The thing about bull traps is that they are ultimately bearish in nature. So, while the Bitcoin price seems to be in an uptrend, if Xanrox is right, then it means that the cryptocurrency will be seeing a downturn soon, and that will trigger a price crash.

Additionally, the analyst explains that the uptrend from the past week has now trapped bulls in long positions, while whales will need liquidity from orders and stop losses. Thus, to grab this liquidity, whales will need to drive the price downward, and the 0.618 Fibonacci retracement of the previous impulse wave just below $103,000 is the most likely culprit.

When Is The Best Price To Enter BTC?

To figure out where the Bitcoin price might be headed next, the crypto analyst applies the Elliot Wave Theory to the current trend. He explains that Wave 1 is already complete, meaning the bearish Wave 2 is now in play, which is an ABC correction.

With this correction forming, the analyst advises investors to wait before entering a long position. The 0.618 Fibonacci retracement level lies at $102,909, making it the best time to enter the digital asset. Xanrox also points out that there is an unfilled Fair Value Gap (FVG) between $102,000 and $104,000 that is expected to fill quickly during this time.

However, despite the expected retracement, the overall trend for the Bitcoin price remains bullish with the Elliot Wave Theory. If Wave 2 plays out completely, then Wave 3 is expected to begin, which is usually an even more bullish move compared to Wave 1, and could put BTC on the path to new all-time highs.

On-chain data shows the Ethereum whales have participated in some notable buying, a sign that could be bullish for the ETH price.

Ethereum Whales Have Added To Their Holdings

As explained by analyst Ali Martinez in a new post on X, the supply of the Ethereum whales has recently gone up. The on-chain metric of interest here is the “Supply Distribution” from the analytics firm Santiment, which tells us about the total amount of an asset that a given wallet group is holding right now.

Addresses or investors are divided into these cohorts based on the number of coins that they are carrying in their balance. The 1 to 10 coins cohort, for instance, contains all the holders owning between 1 and 10 ETH.

In the context of the current topic, the whale group is of focus. The range of this cohort is typically defined as 10,000 to 100,000 ETH. At the current exchange rate, the lower bound converts to $26.2 million and the upper one to $262 million.

Thus, the only investors who would qualify for the group would be the big-money ones. Such holders can carry some degree of influence in the market, so their behavior, represented by the trend in their Supply Distribution, can be worth monitoring.

Here is the chart shared by Martinez that shows the trend in the Supply Distribution of the Ethereum whales over the last couple of weeks:

As is visible in the above graph, the Ethereum Supply Distribution for the 10,000 to 100,000 coins investors has recently seen an increase, implying these holders have participated in net accumulation.

In total, the whales have added 200,000 ETH (worth around $524 million) to their holdings with this buying spree. This is a significant amount and suggests some large holders think the cryptocurrency is worth buying at the current price. It only remains to be seen, however, whether this bet would pay off for these investors.

In some other news, there is a strong accumulation zone for Ethereum around the $2,500 level, as the on-chain analytics firm Glassnode has pointed out in an X post.

The above chart shows the data for the Ethereum Cost Basis Distribution Heatmap, an indicator that tells us how much of the asset’s supply was last purchased at what price levels.

“ETH’s Cost Basis Distribution Heatmap shows ~$2.5K as one of the strongest accumulation zones in months,” notes Glassnode. “Over 3.45M $ETH has a cost basis in the $2,513–$2,536 range, reinforcing this level as a major support zone.”

ETH Price

At the time of writing, Ethereum is trading around $2,600, up 3% in the last 24 hours.

President Donald Trump’s social media company announced on Tuesday plans to launch a new crypto exchange-traded fund (ETF) that will track the prices of five different cryptocurrencies. 

The company filed paperwork with the US Securities and Exchange Commission (SEC) on Tuesday, aiming for approval to introduce the “Crypto Blue Chip ETF” later this year.

New Crypto Blue Chip ETF

The proposed crypto ETF is designed to allocate 70% of its holdings in Bitcoin (BTC), the leading cryptocurrency, with an additional 15% in Ethereum (ETH), the second-largest digital asset. 

It will also include 8% in Solana (SOL), hold 5% in XRP, the cryptocurrency developed by Ripple Labs, and 2% in the digital asset created by Crypto.com (CRO), which is set to serve as the ETF’s digital custodian.

This latest offering follows Trump Media’s earlier announcements about a simpler crypto ETF that only included Bitcoin and Ethereum. However, it remains unclear whether the company intends to proceed with that initial concept.

Crypto ETFs have surged in popularity, providing investors a streamlined way to gain exposure to the crypto market without the need to purchase the assets directly. The increasing interest in these funds has been evident since the first Bitcoin ETFs began trading in US markets last year.

Trump’s Crypto Strategy For The US

Recent developments in regulatory guidance from the SEC could further facilitate the launch of such products. The agency has made moves towards creating a more favorable environment for crypto businesses, including dropping or pausing several enforcement actions against crypto companies since Trump took office. 

Over the past month, the regulatory agency, under the leadership of pro-crypto SEC Chairman Paul Atkins, has moved forward to end legal disputes with key players, such as Binance, Coinbase, and Uniswap.

Interestingly, Trump’s stance on Bitcoin has evolved significantly as well. Once a skeptic of cryptocurrencies, he has since embraced the industry, which has become a source of substantial campaign contributions and support. 

While the Trump administration has actively supported crypto-friendly regulations, this has raised eyebrows among critics. Allegations of potential corruption have emerged from Democrats, alongside concerns from some within the crypto community about the implications of Trump’s family’s expanding crypto business ventures.

At a recent news conference, Trump addressed these concerns, asserting that his family’s investments were entirely appropriate and highlighting his administration’s commitment to making the US the global leader in cryptocurrency. “If we didn’t have it, China would,” the President said. 

At the time of writing, the official TRUMP memecoin is trading at $8.58. This represents a 17% drop over the past month and an 88% drop from its record high of $73, which was reached 24 hours after the token’s launch.

Featured image from DALL-E, chart from TradingView.com

Get Early Alpha with Our Immediate Analysis of Today’s Best Meme Coins

Check out our Live Update Coverage on the Best Meme Coins for July 9, 2025!

Meme coins are at the helm of the current crypto rallies, and they’re fueled by viral social media campaigns, renewed retail interest, and speculation-driven volume on top CEXs and DEXs. Given the massive upside potential and low entry prices, meme coins have become a magnet for traders looking for quick gains.

Given their sky-high market cap, meme coins have Lamborghini potential (think 7-10x in a day). High-risk, high-reward players naturally love them, and so should you.

This page gives you the inside edge—live updates on trending meme coins, alpha from crypto degens, and whispers from FOMO-driven trading circles. If you’re hunting for the next 10x or 100x gem, you’re in the right place.

We update this page frequently throughout the day, as we get the latest insider insights on the best meme coins, so keep refreshing!

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Best Meme Coins Like FLOKI Set to Explode as Bulls Target Major Resistance Levels

July 9, 2025 • 09:00 UTC

FLOKI ($FLOK) is showing strong bullish signals after rebounding from a key macro trendline support that’s been respected since 2022.

The FLOKI price is up 9.32% on the day and just under 25% on the week. Analysts underline a bullish wedge pattern forming, with $0.0004 as a potential target.

Based on historical trends, if FLOKI reclaims resistance at $0.000087, a 5X rally back to previous all-time highs could follow. Past rallies from this setup have resulted in sharp vertical moves, suggesting strong upside potential if resistance breaks.

FLOKI’s bullish move could set off a chain reaction across the meme coin market, putting many of the best meme coins, especially those with strong communities like TOKEN6900, on watch for major upside.

Find out more about the best new meme coins on presale right now.

Solana Meme Coin PNUT Jumps by 10% Following Musk’s Viral Epstein Post, Lighting a Fire Under Meme Coins Like Snorter Token

July 9, 2025 • 09:00 UTC

Musk’s viral Epstein tweet coincided with a 10% $PNUT surge, which some could see as coincidence if the connection wasn’t so strong.

The tweet in question had Elon state:

They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.

—Elon Musk, X post

While there is no clear connection between the story of Peanut the Squirrel and Musk supporting the token $PNUT, a connection was formed incidentally. Especially since the real-world Peanut is the trademark behind the token.

$PNUT, now at $0.2241, witnessed a 10% boost the same day Musk published his tweet and is now still trading on a 5.51% push.

Musk’s previous tweets have caused surges in Floki and Dogecoin and have the power to rally the meme market as a whole, potentially fueling meme coins like Snorter Token ($SNORT.)

Snorter Token is a Solana-based Telegram bot that scans the market and auto-snipes hot tokens so you don’t have to.

Learn more about Snorter Token ($SNORT) on the presale page.

Stay Ahead with Our Immediate Analysis of Today’s Best Crypto Presales

Check out our Live Update Coverage on the Best Crypto Presales for July 9, 2025!

Crypto presales are kicking gains day in and day out, motivated by impactful players like Mastercard, Visa, and the influx of new ETFs. These early-stage crypto projects are often significantly more profitable than established coins like Bitcoin.

We’ll give you live updates on the trending presales, whale activities, projecting funding and development rounds, and critical alerts—everything you’ll need to get an edger.

We update this page frequently throughout the day, as we get the latest insider insights on the hottest presales, so keep refreshing!

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Binance Sees $31B Stablecoin Influx, Suggesting an Imminent Altcoin Season and Fueling the Best Presales of 2025

July 9, 2025 • 09:00 UTC

Binance just witnessed a $31B stablecoin influx, which may suggest an imminent altcoin season, according to CryptoQuant.

The reason behind the assessment is that high stablecoin reserves translate to latent capital, waiting to be deployed. That’s because stablecoins are essentially low-volatility assets which will eventually cause a liquidity explosion.

Crypto analyst Mickybull noticed a similar pattern with Ethereum in June, when, based on the Wyckoff Method, predicted a ‘big rally,’ potentially pushing $ETH up to $10,000 this cycle.

The current stablecoin influx is dominated by Tether (USDT) and suggests that traders may position themselves for a booming stablecoin rally.

When that happens, the entire market could witness upward price pressure, including some of the best presales of 2025, like TOKEN6900 ($T6900), Snorter Token ($SNORT), and Bitcoin Hyper ($HYPER).

Learn more about the best presales in 2025 here.

The Market Hints at a Potential Bitcoin Rally, With Bitcoin Hyper on its Tracks

July 9, 2025 • 09:00 UTC

Prediction market Myriad highlights a noticeable shift in the market’s perception regarding Bitcoin’s coming performance.

Traders are currently 52.6% to 47.4% in favor of Bitcoin breaking through the $109,000 ceiling on July 11 at 11:59 PM UTC. The favorable view is also 9.4% up, so it’s likely to increase by then.

The pinpoint-specific date, down to the minute, marks the traders’ confidence in Bitcoin’s resolution to break through the immediate resistance levels.

The current pro-crypto context, with Strategy raising an additional $4.2B for an incoming massive Bitcoin buy and Trump’s Big, Beautiful Bill being passed by Congress, creates the perfect storm for Bitcoin to thrive.

And when Bitcoin will rally, so too will presales like Bitcoin Hyper ($HYPER).

Bitcoin Hyper is Bitcoin’s official Layer 2 upgrade designed to dramatically scale Bitcoin’s transaction speeds and lower on-chain costs.

Learn more about Bitcoin Hyper ($HYPER) on the presale page.

 

Ahead of an important week for digital assets legislation, Stand With Crypto (SWC) and over 60 other industry firms sent a letter urging House lawmakers to champion clear regulations for the industry and unlock its potential.

Industry Coalition Pushes For CLARITY Act Approval

On Monday, advocacy group Stand With Crypto, alongside 65 other firms and groups, sent a letter to the US House of Representatives urging lawmakers to support the bipartisan Digital Asset Market Clarity (CLARITY) Act of 2025 as the US approaches a “pivotal crossroad.”

The industry coalition argued that digital assets continue to reshape the global economy, despite some efforts to “politicize crypto legislation,” adding that the US risks falling behind unless pro-crypto policies that fully embrace blockchain technology are quickly adopted.

There are already signs of U.S. crypto leadership slipping. We cannot afford to let inaction and uncertainty jeopardize our ability to secure Americaʼs economic future. Above all else the U.S. crypto industry needs market structure — which ensures there are clear rules of the road and provides the regulatory clarity that developers, users, and advocates need to continue innovating.

The letter explains that digital assets are “providing a foundation for a more inclusive, transparent, and secure digital economy,” and “opening doors for economic opportunity, innovation, and financial empowerment on a scale weʼve never seen before.”

As such, crypto developers require clear guidance and safeguards to continue building blockchain systems, with standards for transparency, security, and accountability, and where users can control their digital assets.

The lack of standardized rules has hindered institutional adoption, innovation, and pushed talent and businesses to more industry-friendly jurisdictions outside the US. Nonetheless, passing the long-awaited market structure bill would address these issues, the crypto coalition argues.

House Lawmakers Prepare For ‘Crypto Week’

Notably, SWC’s letter comes ahead of the highly anticipated “Crypto Week,” which will see the review of three key legislations during the week of July 14 to 18, including the GENIUS Act and CLARITY Act.

As reported by Bitcoinist, House Financial Services Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson announced the upcoming discussion on rules on stablecoins, market structure, and central bank digital currency as part of Congress’s efforts to make America the crypto capital of the world.

Chairman Thompson affirmed that “it will soon be time for the House to deliver for the American people and send CLARITY to the Senate. I thank House Leadership for recognizing the urgent need for CLARITY to cement American leadership in the digital asset space.”

The bipartisan bill was introduced on May 29 by Chairman Hill, aiming to establish a regulatory framework for crypto assets and provide the long-awaited clarity and protection for the industry.

If passed, the legislation will assign clear roles and responsibilities to the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC), which would “not only enable and empower developers to innovate, but also protect consumers through choice, foster greater participation in the blockchain economy, and strengthen national security.”

Nearly a month ago, the bill passed its two committee markups, but it still needs to pass the full House vote and the Senate before heading to President Donald Trump’s desk.

 However, its path to approval has been uncertain, as House Democrats have heavily criticized the bill, and some lawmakers have pushed to merge it with the GENIUS Act, making next week’s debate a pivotal moment for the legislation.

Over the past week, Bitcoin (BTC) has been seesawing within a narrow price range of $107,000 to $110,000, offering little clarity on the direction of its next major move. However, the latest technical analysis suggests that the flagship cryptocurrency may be on the verge of a breakout to the upside, potentially eyeing a new all-time high (ATH).

Bitcoin Set To Clear Descending Broadening Wedge

According to a recent X post by crypto trader Merlijn The Trader, Bitcoin appears poised to break out of a bullish descending broadening wedge pattern. The trader noted that if BTC can sustain support above the $104,000 level, it may target a potential high of $144,000.

For the uninitiated, a descending broadening wedge is a bullish chart pattern formed by two diverging trendlines sloping downward, where price makes lower highs and lower lows over time. It suggests growing volatility and selling exhaustion, often leading to a breakout to the upside once resistance is broken.

The following two-day chart shows BTC adhering to this pattern since early January 2025. A significant reversal occurred in April, when Bitcoin surged from a local low of around $76,000 to over $100,000 in just a few weeks.

Meanwhile, fellow crypto analyst Ted Pillows shared a similar outlook. He shared the following weekly BTC chart, noting that Bitcoin just posted its highest-ever weekly close. He also highlighted that the Moving Average Convergence Divergence (MACD) indicator has formed a bullish cross – similar to the setup in Q4 2024.

To explain, MACD bullish cross occurs when the MACD line – short-term moving average – crosses above the signal line  – longer-term moving average – signaling a potential shift from bearish to bullish momentum. This crossover is often seen as an early indicator of a price uptrend or buying opportunity.

Bitcoin experienced strong price appreciation in Q4 2024, climbing from approximately $58,000 on October 6 to $108,000 by December 15. At the time, the rally was also fueled by renewed market optimism following Republican candidate Donald Trump’s victory in the US presidential election.

BTC Price May Stall Temporarily

While Bitcoin seems poised to set new ATHs in the near term, some analysts caution that a short pause in the uptrend may occur. For instance, seasoned analyst Ali Martinez observed that some long-term holders are beginning to take profits.

Similarly, strong US employment data for June 2025 is likely to force the US Federal Reserve (Fed) to delay interest rate cuts, which may result in a temporary price pullback in risk-on assets, including BTC.

That said, Bitcoin’s weekly RSI continues to trend upward, offering bulls hope that a new high may be within reach. At press time, BTC is trading at $108,160, down 0.1% over the past 24 hours.

Bitcoin has remained in a tight consolidation range below its all-time high of $112,000 since late May, frustrating both bulls and bears. Despite multiple failed breakout attempts, BTC has held key demand zones above critical support levels, suggesting strong underlying strength. As price compresses, volatility is declining — a classic sign that a major move could be imminent.

Top analyst Axel Adler shared fresh data indicating that Bitcoin is currently experiencing a textbook Bollinger Bands squeeze. The spread between the upper and lower bands has narrowed to just 7.7%, marking one of the tightest ranges seen throughout the current bull cycle. Historically, such compressions have preceded explosive moves in either direction. Given Bitcoin’s position above support and within a broader uptrend, the probability favors an upside breakout.

This technical setup, combined with macroeconomic tailwinds and renewed investor interest, could serve as the catalyst for BTC to finally push into price discovery. If confirmed, it would not only open the door for a run beyond $112K but also reset expectations across the crypto market. In the coming days, all eyes will be on how Bitcoin responds to this mounting pressure.

Bitcoin Consolidates As Bollinger Bands Squeeze Signals Next Move

Bitcoin continues to consolidate just below its all-time high of $112,000, frustrating bulls and bears alike. Despite ongoing resistance at the top, bears have failed to drive the price below $105,000, confirming strong demand at key support levels. As the price tightens, the broader macroeconomic picture adds complexity to the outlook.

The US Congress recently passed President Donald Trump’s “big, beautiful” economic bill just before the July 4 deadline. The package includes tax cuts and aggressive public spending, which are expected to fuel inflation in the coming quarters. Coupled with optimistic job data, these developments are shaping investor sentiment across traditional and crypto markets.

On the technical side, Axel Adler highlighted a classic Bollinger Bands squeeze currently forming on Bitcoin’s chart. The range between the upper and lower bands has compressed to just 7.7%—one of the tightest readings seen throughout the ongoing bull cycle. This kind of volatility drop suggests energy accumulation, with the price preparing for a significant move.

Historical patterns offer insight: of six major Bollinger Band squeezes this cycle, four resulted in immediate upside moves, and two triggered brief corrections before rallies resumed. With this precedent, Adler believes the current setup most likely foreshadows a bullish breakout, although minor consolidation beforehand is still possible.

BTC Price Holds Above Key Moving Averages

The 12-hour Bitcoin chart shows BTC trading at $108,892, struggling to break above the key resistance zone around $109,300. This level has acted as a rejection point multiple times since early June, confirming its strength. Despite the recent pullback, price remains above the 50 SMA ($106,442) and 100 SMA ($106,671), indicating bullish momentum is still in play.

Importantly, bulls have defended the $106,000–$107,000 support range several times, preventing deeper corrections and keeping BTC within a tight consolidation range. Volume has declined in recent sessions, suggesting the market is waiting for a catalyst to break out of this range. If Bitcoin closes decisively above $109,300 on strong volume, a run toward the $112,000 all-time high becomes increasingly likely.

On the downside, a break below the 100 SMA could expose BTC to the next major support around $103,600, a key level that has held since mid-May. The 200 SMA (currently at $99,093) remains a long-term support zone that hasn’t been tested in months.

Featured image from Dall-E, chart from TradingView

Tokyo-listed Metaplanet has quietly become one of the world’s biggest corporate Bitcoin holders. It owns 15,555 BTC today. Based on reports, its CEO Simon Gerovich wants to boost that to more than 210,000 BTC by 2027. That goal would put the firm’s stash at 1% of all Bitcoin that will ever exist.

Racing To Build A Bitcoin Nest Egg

According to Gerovich, the company started buying Bitcoin in 2024. At first, it was just a hedge against rising prices. Now it feels more like a sprint. On Monday, Metaplanet spent $237 million to add 2,204 BTC to its vault.

At about $108,600 per coin, that purchase lifted its average price per BTC to roughly $99,985. Investors have taken notice. The share price is up 340% this year, even though the company still makes only modest revenue.

Japanese microstrategy Metaplanet announced that its Bitcoin strategy has entered the second phase, planning to use BTC as collateral leverage to acquire cash flow businesses. Potential targets include Japanese digital banks, providing digital banking services that are better…

— Wu Blockchain (@WuBlockchain) July 8, 2025

Plans To Turn Crypto Into Cash

According to reports, Metaplanet has two phases for this strategy. Phase one is about accumulation. Phase two will use Bitcoin as collateral to borrow cash. That borrowed money would fund deals to buy profitable businesses.

Gerovich has mentioned a digital bank in Japan as an example. He thinks the firm could offer better services than current banks provide. In April, big names such as Standard Chartered and OKX began pilot programs for crypto‑backed loans. Metaplanet hopes to follow their lead but on a larger scale.

Sizing Up The Competition

Metaplanet now ranks among the top five companies in Bitcoin holdings. For comparison, Strategy holds over 597,000 BTC and sports a $112 billion market cap. Metaplanet, by contrast, has a market value above $7 billion.

Both companies believe that Bitcoin will outperform cash over the long haul. But Gerovich has ruled out convertible debt. He prefers issuing preferred shares. He doesn’t want to face arbitrary repayments tied to a shifting share price.

Promises And Pitfalls Of A Bitcoin‑Powered Model

Borrowing against Bitcoin carries risks. Banks usually put steep “haircuts” on collateral. If Bitcoin’s price slides, Metaplanet could face margin calls.

Regulators in Japan have yet to fully embrace crypto‑backed lending. That uncertainty could slow down or even halt the plan.

Then there is the challenge of integrating a digital bank. Metaplanet started as a hotel operator. Running a bank requires a very different skill set.

Metaplanet’s gamble is bold. It offers a fresh twist on how companies can use Bitcoin. If all goes well, it could pioneer a new breed of corporate finance.

If things go wrong, this Tokyo firm may struggle under the weight of its own ambition. Either way, its next moves will be watched closely by both crypto bulls and wary bankers.

Featured image from Meta, chart from TradingView

Bitcoin is holding steady above the $108,000 level, maintaining a bullish structure despite repeated failures to break through its all-time high near $112,000. The price is consolidating in a tight short-term range, and whichever side breaks first will likely set the tone for the coming weeks. This period of low volatility may be the calm before the storm, as buyers and sellers prepare for the next major move.

According to data from CryptoQuant, the Mayer Multiple — a classic indicator that measures Bitcoin’s price relative to its 200-day moving average — currently stands at 1.1x. This puts BTC in the “neutral” zone (0.8–1.5x), far below the overbought conditions typically seen in the late stages of bull markets. Historically, readings below 1.5x suggest that Bitcoin still has significant upside potential before hitting speculative extremes.

As the market awaits a breakout, investors are closely watching this metric for confirmation that BTC is still undervalued compared to past bull cycles. If Bitcoin can hold its current levels and push decisively above resistance, the neutral Mayer Multiple reading could serve as a launchpad for a renewed bullish trend — but failure to break out may invite a wave of short-term selling.

Bitcoin Holds Firm Amid Mixed Signals

Bitcoin price action has left many bulls frustrated, as the market continues to grind below its all-time high without a clear breakout. After weeks of consolidation near the $110K mark, traders are bracing for a decisive move. While the structure remains intact and support has held above $105K, the failure to push above previous highs could increase the probability of a sharp correction, potentially dragging BTC below critical demand levels that have served as a floor for the past month.

On the macro front, uncertainty appears to be easing. Conflicts in the Middle East are winding down, and US stock markets continue to set new all-time highs, signaling renewed risk appetite. However, not all signals are bullish. Rising inflation and elevated US Treasury yields have reintroduced systemic risk concerns, keeping investors on alert.

Top analyst Axel Adler offered a more optimistic perspective, pointing to the Mayer Multiple — a time-tested model that compares BTC price to its 200-day moving average. Currently sitting at 1.1x, the indicator remains firmly within the neutral zone (0.8–1.5x) and well below levels historically associated with market tops. Adler notes that this suggests Bitcoin is still trading at a discount to previous bull markets, and could have significant room to rally if momentum returns.

With mixed macroeconomic data and a neutral valuation model, Bitcoin’s next move will depend on whether bulls can reclaim control. A clean breakout above all-time highs would likely ignite a new phase of price discovery. But until then, caution prevails — the longer BTC stalls, the more likely sellers will test support.

BTC Consolidates Below All-Time High

Bitcoin continues to consolidate just below its all-time high, trading at $108,474 at the time of writing. The 3-day chart shows price action tightly compressed between key levels, with strong support at $103,600 and resistance at $109,300 — the latter being tested repeatedly over the last two weeks. This range-bound structure reflects indecision as bulls attempt to break higher, while bears fail to reclaim control.

Notably, BTC remains firmly above the 50-day (blue), 100-day (green), and 200-day (red) moving averages, indicating underlying strength in the trend. Volume remains moderate, but it has picked up during upward moves, suggesting continued buy-side interest near support.

The longer BTC holds above $105K and maintains this higher low structure, the greater the probability of a breakout toward uncharted territory above $112K. However, rejection at the $109K level could lead to another retest of support zones. Momentum indicators, while not shown, are likely flattening, consistent with the sideways action.

Given the narrowing range and rising tension between support and resistance, a decisive move is imminent. Traders should watch for a clean breakout above $109,300 or breakdown below $103,600 — either will likely define Bitcoin’s direction heading into Q3.

Featured image from Dall-E, chart from TradingView

On-chain data shows the Bitcoin miners have seen a drop in activity as their transaction volume share has declined to multi-year lows.

Bitcoin Miner Volume Is Now At Its Lowest Since November 2022

According to data from the institutional DeFi solutions provider Sentora (formerly IntoTheBlock), the Bitcoin Miners’ Volume Share has recently gone down. This on-chain indicator measures, as its name suggests, the percentage of the BTC transaction volume that the miner-related transfers occupy.

Below is the chart shared by Sentora that shows the trend in the Bitcoin Miners’ Volume Share over the past decade:

As displayed in the graph, the Bitcoin Miners’ Volume Share remained at a high level last year, indicating that the miners were participating in a notable amount of activity. On a few occasions, the indicator even crossed or hit the 20% mark, meaning that these chain validators contributed to one-fifth of the total network volume.

This year, the metric has witnessed a significant fall-off, and the decline has only deepened recently, with its value dropping to a low of just 3.3%. From the chart, it’s visible that this is the lowest that the indicator has been since November 2022, when the bear market reached its bottom.

Generally, miners transfer coins when they want to participate in selling, so their activity being low can suggest that they don’t have much appetite for selling. It only remains to be seen, though, what effect this has on the Bitcoin price, if any.

In some other news, as Capriole Investments founder Charles Edwards has pointed out in an X post, the recent Digital Mining Industry Report from Cambridge has revealed that 75% of all reported mining activity now occurs in the US.

Just four years back, 50% of all mining took place in China, but the ban in the country meant that miners had to take operations elsewhere. “Bitcoin is officially now ‘Made in America,'” notes Edwards.

The report has also reconfirmed the average miner electricity cost: $45/MWh. According to the analyst, Capriole’s BTC Production Cost model had been using this same figure for years. This electricity cost represents 80% of the expense that these chain validators incur to run their operations.

“Bitcoin Production Cost is one of the highest value indicators for sniping incredible Bitcoin buying opportunities, so it’s great to have these critical data points re-validated and accurate for 2025,” says Edwards.

BTC Price

Bitcoin continues to move sideways as its price is still trading around the $108,800 mark.

The XRP market just recorded one of its most defining moments in history as it closed its highest-ever quarterly candle. This most recent high is a major structural achievement for XRP, especially considering the fact that XRP has often moved in long, drawn-out consolidations. This new record somewhat confirms XRP’s position in the long term, and this might be the beginning of a new explosive uptrend for the cryptocurrency.

Q2 Quarterly Candle Closes At Record High

XRP has just posted its highest-ever quarterly candle close, breaking decisively above the multi-year resistance zone around $2.25, a level previously unbreached on quarter-end closes. As illustrated in the XRP/U.S. Dollar 3-month candlestick chart below, the latest three-month candle exceeds all historical quarterly closes and marks a clean breakout from years of consolidation. The chart was first shared on the social media platform X by crypto analyst Steph Is Crypto.

This chart offers an interesting insight into XRP’s long-term momentum, as the latest three-month candlestick marks the third consecutive quarterly close that registers a higher high. The importance of these higher highs cannot be overstated for bullish momentum, as quarterly candles are often seen as stronger trend indicators compared to daily or weekly bars. 

Furthermore, the sequence of candles shows that the XRP price is steadily building above a long-standing resistance region that has capped XRP since early 2018. This level was previously the 3-month candlestick close during XRP’s all-time high run in 2018, and it has now been flipped into strong support. 

Why This Matters For XRP Price Action Going Forward

XRP closed the second quarter of 2025 at $2.38 against the U.S. Dollar, marking a 14% increase from the first quarter close of $2.08. This Q1 close itself was already a notable shift upward from the $2.07 close observed at the end of Q4 2024. Although all three quarters featured candlestick wicks that extended beyond these closing values, it’s the closing prices that offer the clearest picture of sustained momentum. Their steady increase shows that XRP’s price action is gradually moving up in range. 

From a technical perspective, the new higher quarterly close solidifies the breakout structure from $2.25 on the macro timeframe. Quarterly closes as more reliable signals than shorter-term moves, since they are less susceptible to volatility and manipulation. A close of this magnitude means XRP has entered a new price discovery phase above $2.25, and there’s now a strong case for the cryptocurrency to push into new all-time highs.

Moving forward, this $2.25 price level is now expected to act as support for any future pullbacks in the larger timeframe. As such, the path to higher levels of $3, $3.5, $4, $5, and beyond may unfold with fewer obstacles than in previous cycles.

At the time of writing, XRP is trading at $2.26.

Crypto scammers continue to believe they can get away with their dirty tactics. Two residents of Greater London have been sent to prison after swindling more than £1.54 million—about $2.1 million—from at least 65 people.

Sentences of over five years for Raymondip Bedi and six years for Patrick Mavanga came down this week. According to a press release from the UK’s Financial Conduct Authority, the duo ran a sham crypto scheme between February 2017 and June 2019 that left dozens out of pocket.

FCA Uncovers Massive Fake Crypto Platform

Based on reports from the FCA, Bedi and Mavanga cold‑called potential investors and directed them to a website that promised big returns on digital assets. The site looked legit, but it was entirely fake.

Victims were shown graphs and figures that never existed. Money went straight into the pair’s accounts. No real crypto trades happened.

Raymondip Bedi and Patrick Mavanga have been sentenced to a combined total of 12 years for cold-calling victims to sell fake crypto investments, defrauding at least 65 investors.

Read more https://t.co/9Re7XaRFZJ #FinancialCrime #FraudPrevention #FinancialRegulation #Crypto pic.twitter.com/s7121kHXHk

— Financial Conduct Authority (@TheFCA) July 4, 2025

Victims Misled With Promises Of High Returns

Individuals who responded to those calls were informed they could double, even triple their money within months. It was an easy sell. Easy money, no risk. But subsequent bank statements revealed funds vanished into shell firms owned and run by the two men.

Bedi pleaded guilty in May 2023 to conspiracy to defraud, contrary to the Financial Services and Markets Act 2000, and money laundering. Mavanga pleaded guilty in June 2023 to the same offenses along with possession of false ID documents.

Court Hears Details Of The Scheme

At a hearing this week, prosecutors noted that the pair made cold calls day after day. They targeted 65 investors in total. Some lost as little as £5,000; others gave up to £200,000.

All were told they’d get at least 10% returns every month. But no payouts ever arrived. The FCA’s joint executive director of enforcement, Steve Smart, said the sentences send a clear warning: crime won’t pay.

Victims Urged To Stay Alert

Smart added that genuine investment firms don’t ring out of the blue with guaranteed profits. He urged anyone approached with such deals to hang up and check the FCA’s register.

He reminded people: if it sounds too good to be true, it probably is. The watchdog has tightened its oversight in recent years, tracking down dozens of crypto‑related frauds.

A Wake‑Up Call For Crypto Investors

This case shows that regulators are watching digital assets as closely as traditional markets. It also highlights how the phone remains a tool for crooks.

Investors should always verify who they’re dealing with. Look up companies on the FCA website, ask for official paperwork, and never rush into a deal.

Featured image from Unsplash, chart from TradingView

BitMEX Research sounded an alarm on 8 July after spotting what it calls “an ongoing Bitcoin scam.” In a X post the analytics desk described a wave of tiny “dust” transactions sent to pre-2012 Bitcoin addresses that still contain large, untouched balances. Each transaction carries an OP_RETURN message that reads: “NOTICE TO OWNER: see salomonbros[.]com/owner_notice.” One of the targets is the famous 1Feex wallet holding almost 80,000 BTC stolen from Mt. Gox in March 2011—funds now worth roughly $8.6 billion.

Bitcoin Scam Alert

The link embedded in the OP_RETURN string resolves to a slick website branded “Salomon Brothers,” complete with an “advisory board” of genuine 1980s bond-trading luminaries. The site claims to have taken “constructive possession” of the dormant wallets and gives any “bona fide owner” ninety days—until 5 October 2025—to prove ownership or forfeit all rights. Proof, it says, can be provided either by signing an on-chain transaction or by submitting personal information through a web form.

BitMEX Research calls the set-up “a Calvin Ayre-style legal scam,” echoing past attempts by Craig Wright and associates to seize the Mt. Gox coins via creative legal theories. Independent investigators agree: security analyst @0xZilayo labelled the OP_RETURN notices “most definitely phishing attempts and have no legitimacy.”

The scam coincides with a burst of coordinated activity uncovered by blockchain sleuths. On 4 July—a US holiday that saw record-breaking on-chain movement—80,000 BTC were transferred out of eight decade-old wallets within minutes of each other, each wallet having first received a trio of OP_RETURN messages culminating in the “Salomon Brothers” notice.

Researchers believe the scammers are exploiting OP_RETURN because the opcode lets them “graffiti” arbitrary text onto the blockchain without spending significant funds, guaranteeing that any future owner—or curious on-chain watcher—will see the notice.

BitMEX’s advice is blunt: “Do NOT fill in this form.” Anyone holding coins in an address that receives one of these messages can prove control safely by moving funds to a fresh wallet; anyone without the private key has nothing to gain and much to lose by responding. Law-enforcement agencies have been notified, but no jurisdiction has yet announced an investigation.

The episode underscores a growing trend: attackers are reaching back into Bitcoin’s early history, exploiting both technical primitives (OP_RETURN messaging) and legal grey areas to monetize dormant or stolen coins. It also highlights the enduring magnetism of the Mt. Gox saga, which—more than a decade after the hack—still tempts opportunists to stake spurious claims on the exchange’s missing treasure.

For now, the safest course is to treat any unsolicited legal notice broadcast via the blockchain with extreme skepticism. In Bitcoin, possession of the private key remains the only proof of ownership that matters—no matter what an OP_RETURN string or a glossy website might say.

At press time, BTC traded at $108,811.