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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.

The XRP price may be on the edge of a major explosion, as a new fractal report by a market expert, known as the ‘Charting Guy’ on the X social media, reveals an almost perfect repeat of the XRPBTC bull run in 2017. With its current chart mirroring the same timing and structure, the analyst suggests that XRP is now entering the critical phase that previously led to its historic surge. 

XRPBTC Mirrors Historic 2017 Bull Pattern

On July 7, the Charting Guy released a technical analysis of the XRP/BTC trading pair, indicating that XRP could be gearing up for a massive breakout that mirrors its historic 2017 bull cycle structure. The analyst’s report presents a zoomed-in fractal overlay of the current XRPBTC price action with a pattern from the 2017 rally, revealing an almost exact match in timing, direction, and structure. 

The Charting Guy disclosed that this fractal had accurately forecasted both the December and January local highs down to the exact day, reinforcing confidence in its predictive reliability. Furthermore, the XRP/BTC chart shows the trading pair consolidating through the first half of 2025 after a strong run-up that mirrored the initial 2017 move.

In August, the pair experienced a sharp reversal and breakout to the upside, just as the fractal predicted. As a result, the trajectory of the overlaid fractal suggests that XRP/BTC may now be entering the parabolic phase of the cycle, similar to the final months of 2017, where price surged to peak levels. 

While the fractal is not intended to predict the exact price levels of XRP/BTC, its alignment in timing and structure suggests that the trading pair could continue following its historical trajectory. If the pattern plays out perfectly, XRP may rally hard against Bitcoin in the coming months, potentially replicating one of its most explosive phases of its 2017 market rally. For now, the Charting Guy has urged traders to closely monitor the pair’s next moves over the coming months. 

XRP Price Forecasted To Outperform Bitcoin

In other news, the Charting Guy recently reposted an insightful analysis on the XRP/BTC trading pair by Matt Hughes, a crypto analyst and chartist on X. In this post, XRP shows signs of a significant bullish move as both its Bitcoin and USD trading pairs approach critical levels on the weekly timeframe. 

The charts for both XRP/BTC and XRP/USD reveal strikingly similar structures, with the altcoin in each pair interacting with the upper boundary of the Ichimoku Cloud indicator. On the XRP/BTC chart, Hughes highlights that price action has recently broken into the cloud and is now testing its upper boundary. This behavior suggests a potential breakout to the upside, indicating that XRP could outperform Bitcoin if bullish momentum continues.

Likewise, the XRP/USD chart displays a structure that closely mirrors XRPBTC, with the altcoin now trading at the edge of the weekly cloud. The alignment across both pairs reinforces the likelihood of a bullish breakout. If the breakout holds, it could mark the beginning of a new upward phase for XRP, with projections implying a move well above current levels.  

Despite recent volatility and sharp pullbacks, XRP, the third-largest crypto asset, has strongly maintained its position above the $2 price mark. With multiple indicators flashing bullish signals, the altcoin’s ongoing upward action may extend toward higher price levels in the upcoming days.

A Bullish Pattern Emerging On The XRP Chart

XRP has regained upside traction as the asset saw a sudden bounce on Monday. Its sudden upsurge has drawn the attention of the market, with crypto analysts predicting an impending surge toward key resistance levels.

After examining the current price action, Ali Martinez, a technical analyst and investor, has underscored the potential for XRP to surge in the upcoming days. Presently, the asset is capturing fresh attention in the crypto market as a compelling chart formation unfolds on the 1-hour time frame chart. 

Specifically, Ali Martinez highlighted that an Inverse Head and Shoulders pattern is emerging on the XRP’s chart, indicating a growing bullish momentum. With this pattern unfolding, it serves as a sign that the altcoin could be gearing up for a breakout move.

An inverse head and shoulders formation is a technical chart pattern that is characterized by a lower trough as the head and two higher troughs as the shoulders. This technical pattern is considered a bullish structure that hints at a change in direction from the downside to the upside.

According to the expert, the emergence of the inverse head and shoulders pattern is setting the stage for a potential bounce. Once the altcoin breaks out of the pattern, Martinez anticipates a push toward the $2.60 mark, positioned at the 1.618 Fibonacci level. 

While the experts foresee a bounce to the $2.60 zone, XRP is likely to witness several hurdles before rallying to this level. Looking at the chart shared by Martinez, the first key hurdle is the $2.45 range at the 1.272 fib level after a breakout occurs. 

If XRP surpasses this crucial level, the subsequent resistance is positioned at $2.50, with a fib of 1.414. Given that the current bullish market state persists, the token could break this level and finally hit the anticipated $2.560 target.

Is The Current Surge The Beginning Of A Move To New Heights?

Although XRP is witnessing brief upside actions, a massive rally may be imminent. Captain Faibik, a crypto analyst, has predicted a surge to a new all-time high as momentum builds.

According to the expert, XRP’s price is on the verge of the next bullish rally, with a breakout in sight. Captain Faibik’s forecast is based on an impending breakout from a massive triangle pattern, which appears to have been visible since November last year.

When this breakout from the triangle pattern takes place, Captain Faibik expects the altcoin to rally to uncharted territory, placing the next target at $4.60. The analyst believes this fresh price level could be attained in Q3, as the quarter is setting up to be “an absolute monster rally.”

US President Donald Trump lashed out at Elon Musk on Truth Social late Sunday after Musk revealed plans for a new political group.

Musk had posted on X on July 5 that he wanted to launch the “America Party.” Trump fired back on July 6, calling the move a sign that Musk has gone “completely ‘off the rails,’ essentially becoming a “Train Wreck” over the past five weeks.”

America Party Faces Early Questions

According to Musk’s July 5 post, he wants a third option for voters fed up with the two main parties. Based on reports, he’s yet to file formal paperwork or outline how the America Party would win ballot access in key states.

By a factor of 2 to 1, you want a new political party and you shall have it!

When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.

Today, the America Party is formed to give you back your freedom. https://t.co/9K8AD04QQN

— Elon Musk (@elonmusk) July 5, 2025

Trump pointed out that third parties have never broken through in modern US politics. He also took a shot at Democrats, saying they’ve “lost their confidence and their minds” over his recent crypto projects.

Musk Pushes Back On Big Spending Bill

In recent weeks, Musk criticized what he called the “Big Beautiful Bill,” a massive spending package in Congress. He wrote on X that it was a “disgusting abomination” packed with “pork.”

“Disgusting abomination.” That’s how @elonmusk described @realDonaldTrump’s flagship domestic policy bill in a scathing series of posts on X.

Musk criticised the bill for being “pork-filled” and warned it would massively inflate the U.S. budget deficit, calling out lawmakers… pic.twitter.com/TU69sJsLGQ

— Outlook Business (@outlookbusiness) June 4, 2025

Trump responded by reminding Musk that he plans to end the federal electric vehicle mandate, something Musk supposedly agreed to without complaint. That swipe hints at a deeper split over how much the government should steer clean‑energy policy.

Market Traders Keep Watching

Cryptocurrency prices barely budged after Trump’s post. Bitcoin remains above $108,000 and has held that level since early summer. Dogecoin – the memecoin that has been closely associated with Musk – trades near $0.16, bouncing off that mark several times in the last 24 hours.

TRUMP coin dipped to about $8.47 following Trump’s comments, then bounced right back as fans shrugged it off. Based on reports from crypto analysts, the feud could still add volatility if it drags regulators or big investors into the fray.

What Third Parties Really Need

History shows that building a new party takes more than social‑media polls. You need grassroots organizers, hundreds of thousands of petition signatures and millions in funding.

Musk’s fanbase might help with online buzz, but turning clicks into real voters is a different challenge. Trump noted this gap and cast doubt on whether Musk has a plan beyond stirring the pot on X.

Next Moves Could Matter

It’s still early days. If Musk files with the Federal Election Commission or names state directors, the story will shift from rumor to reality. And if Trump follows up with threats to pull back support for Tesla or SpaceX contracts, markets might start to pay closer attention.

For now, though, it’s mostly a public spat. Both men are used to moving markets, including crypto, with a single tweet or post, but so far neither side has shown the playbook that would really change the game.

Featured image from Nine, chart from TradingView

Crypto analyst Guy declared that it is ‘make or break’ time for XRP, with the altcoin set to break out from its current range. The analyst predicted that the altcoin could rally to the upside, with a new all-time high (ATH) of $5.30 in sight. 

XRP Eyes Rally To $5.30 With Imminent Breakout 

In an X post, Guy predicted that XRP could rally to as high as $5.30. This came as he noted that the altcoin was on its way to test the top of the range again. Based on this, the analyst remarked that it is make-or-break time for XRP. He also indicated that the current setup was perfect for a potential rally to the upside. 

Guy stated that the extension target for XRP now sits around $2.55, depending on when the altcoin reaches this range. Meanwhile, he claimed a break above the $2.55 price level would confirm the start of a new uptrend. Once that happens, the next targets would be the current ATH of $3.84 and the Fibonacci extension at $5.30. 

The $2.33 could be the key to kickstarting this uptrend for XRP. In a subsequent X post, Guy stated that this level is kind of important. He explained that it marks a clear range top, which, if XRP breaks, it should rally to at least $2.55. A rally to this $2.55 would bring the altcoin to a local high, which it achieved in May earlier this year. 

Back then, XRP rallied to as high as $2.6 as the Bitcoin price reached a new ATH. However, the altcoin’s yearly high is the $3.2 level, which it reached at the start of the year. That brought it close to its current all-time high. 

Momentum Is Building For The Altcoin

In an X post, crypto analyst CasiTrades declared that XRP’s momentum is building and that the breakout is close. She claimed that the current price structure is developing with classic bullish continuation signals. The analyst further noted that the altcoin has seen multiple higher lows, followed by a reclaim of the $2.25, which is also the apex of the multi-month consolidation. 

CasiTrades stated that the apex reclaim, after a textbook fakeout, is the kind of technical signal that confirms that sentiment has flipped and accumulation has completed. She noted that XRP is now sitting just below the local resistance of $2.30. Once this level breaks, the analyst remarked that the next targets are likely $2.69 and $.04, which are both major Fibonacci levels.

At the time of writing, the XRP price is trading at around $2.26, up in the last 24 hours, according to data from CoinMarketCap.

Following a resurgence of bullish sentiment across the cryptocurrency landscape, Bitcoin underwent a sharp rally and has since maintained this remarkable upward momentum, with its price holding strongly above the $108,000 mark. Amidst BTC’s renewed rally is a slowdown in the options market, which is currently mirroring past negative trends.

Summer Slowdown Hits Bitcoin Options

Since recovery from its pullback, Bitcoin has remained in an upward trajectory and appears to have found stability above the $108,000 level. Despite this notable upside performance of the flagship asset, a worrying trend has been observed in BTC’s on-chain and market dynamics.

Popular on-chain data and financial platform, Glassnode, has reported a negative development in the Bitcoin options market. Presently, the BTC options market is starting to exhibit clear signs of slowing down despite the recent upward price action.

While the market is cooling down, the development is echoing familiar trends observed during previous periods of less desire for speculation. Recent on-chain data shows that both implied volatility and trading volumes have significantly decreased lately, which may indicate that traders are reducing their exposure as sentiment is hindered by seasonal or unclear causes.

Glassnode, after analyzing the Bitcoin Options ATM Implied Volatility metric, has revealed that the options market is echoing the summer slowdown. According to the on-chain platform, the implied volatility across all expiries, especially the 1-week and 1-month holders, is approaching all-time lows.

Such a development signals a cautious pause from BTC investors, suggesting that the market may be building momentum or just taking a collective breather before making its next big move. The on-chain platform further highlighted that the options market is currently pricing some of the lowest volatility levels since the middle of 2023. This trend has continued despite BTC’s price hovering near all-time highs.

Glassnode has also drawn attention to trading volume, which seems to have dived down sharply. According to Glassnode, the summer lull is here, and BTC’s volumes are drying up in spite of the flagship asset’s ongoing run toward the $110,000 price mark. 

Data shows that the spot volume has fallen to $5.01 billion, whereas the futures volume has fallen to approximately $31.2 billion. The platform noted that volumes in these two areas are currently at their lowest in over a year and are still trending downward.

BTC Makes Key Breakouts

Despite the summer lull, Bitcoin’s price continues to display strength. Melijn The Trader, a crypto analyst, has predicted a major rally as the asset breaks out of both a falling wedge pattern and a bull flag pattern.

According to the analyst, this structure reflects momentum and not noise, classifying the development as a breakout phase. Considering the breakout, Melijn is confident that BTC could surge to a new all-time high of $140,000.

At the time of writing, BTC’s price was valued at $108,271, demonstrating a nearly 1% decline in the last 24 hours. While prices may be down, trading volume is gradually picking up pace, as indicated by a more than 15% increase in the past day.

Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), revealed in a newly published interview that his company passed on a potential deal with the government of El Salvador due to serious legal and geopolitical concerns—specifically involving a proposed airdrop that would have included members of the MS-13 criminal gang.

Cardano Founder Rejected El Salvador Deal

The comments came during an appearance on The Shawn Ryan Show, where Hoskinson disclosed that his team was approached by El Salvador’s administration. According to Hoskinson, the discussions stalled almost immediately after the idea of a mass airdrop to the entire population—including individuals on international sanctions lists—was introduced.

“Bukele, for example, wanted to do an airdrop to everybody in El Salvador,” Hoskinson said, referring to President Nayib Bukele. “And we’re like, okay, but MS-13 is on an OFAC list. And so if we give Bitcoin to all these people, we’re facilitating a transfer of value to a terrorist organization. That’s no bueno.”

Hoskinson emphasized that distributing tokens to sanctioned individuals—whether knowingly or unknowingly—could be considered a violation of US federal law, particularly OFAC (Office of Foreign Assets Control) sanctions, and might invite prosecution or regulatory retaliation. “So Justice Department has to give a clearance and understand what the rules are and everything. We just couldn’t get there,” he said. “So we passed on the deal after a week, but it was just wild.”

Cory Bates, who posted the clip on X, underscored the gravity of Hoskinson’s claims, tagging prominent El Salvador Bitcoin advisors Max Keiser and Stacy Herbert and asking whether they believed the story. At the time of publication, neither Keiser nor Herbert had responded publicly.

However, Keiser’s past commentary on Hoskinson and Cardano paints a picture of longstanding hostility. In a series of posts from mid-2022, Keiser wrote: “Cardano: Centralized, and an obvious unregistered security headed up by Charles Hoskinson who his associates allege is a pathological liar.” He further claimed: “Reportedly, El Salvador tossed this crackpot loser out of the country when he showed up peddling scams.”

In another post, Keiser alleged that El Salvador had “standing orders not to let him operate” in the country. These accusations have never been formally substantiated, and Hoskinson has generally not responded to them publicly until now.

The new revelations add a controversial layer to the early narrative around El Salvador’s Bitcoin strategy, which has centered almost entirely around the country’s partnership with Bitcoin maximalists and the rollout of BTC as legal tender. Cardano, often dismissed by Bitcoin proponents as too academic or too centralized, had not previously been considered a serious contender in Bukele’s national crypto vision.

At press time, Cardano traded at $0.573.

According to a press release, the company behind the top stablecoin in the world, Tether, has poured millions of dollars to ink a new partnership. The deal will allow the crypto company to contribute with the overall health of the nascent industry.

Tether To Fight Against Crypto Crime

Per the document, Tether has partnered with Crystal Intelligence, a blockchain analytics company to provide fraud detection, regulatory intelligence solutions, and risk scams. In that way, the company joins the many efforts of key industry players to combat illicit stablecoin use.

The main goal behind the partnership, according to the release, is to create a more secure crypto ecosystem. Data provided by the company claims that over $9.3 billion in digital assets were stolen, or illegally taken from its users in 2024 alone.

This number represented a 66% increase from 2023. Thus, the company claims that there has been a steady increase in illicit activities and bad actors in the crypto industry. The partnership with Crystal Intelligence aims to mitigate this threat.

Paolo Ardoino, CEO of Tether, stated the following regarding the partnership:

Tether is firmly committed to supporting law enforcement agencies in a shared effort to combat illicit activity. With the latest in advanced intelligence tools, like those being developed by Crystal Intelligence, we are enhancing our ability to assist authorities in tracing the movement of funds in real time. Tether has already contributed to freezing billions in unlawful funds and has supported investigations across dozens of jurisdictions. This strategic investment will strengthen our capacity to collaborate more effectively and reinforce a clear message: USD₮ is the the digital dollar for the people, bad actors will be stopped.

Stablecoin Company Steps Up, Crypto Safety On the Line

Tether has been making an extra push for several years to fight against illicit on-chain activity, including aiding international law enforcement agencies to track and freeze funds from bad actors.

However, it is also worth noting that Tether has been the subject of some controversy. In particular, the previous US administration launched several investigations against the crypto company, and was close to facing criminal charges for alleged fraud.

Navin Gupta, CEO of Crystal Intelligence, added the following regarding the deal:

As the crypto industry matures, so must its foundations of trust and intelligence. Tether’s backing is both a validation of the work we’ve done together and a joint commitment to future-proofing the industry through actionable insight, integrity, and innovation. We see too many players waiting for mandates. At Crystal, we believe responsible innovation means getting ahead of threats and not just reacting to them.

Cover image from ChatGPT, BTCUSD chart from Tradingview

US regulators have kicked off the formal review of a new spot‑crypto fund. Investors won’t know for sure if it clears the hurdles until the US Securities and Exchange Commission makes a final call. But the filing itself signals growing acceptance of directly held crypto products.

ETF Application Sparks Interest

According to the SEC filing, Trump Media’s Truth Social unit wants an ETF listed on NYSE Arca with 75% in Bitcoin and 25% in Ether. Yorkville America Digital would sponsor the fund, while Foris DAX Trust Company—Crypto.com’s custody arm—would hold the coins. US President Donald Trump’s team submitted the S‑1 form on June 16, starting what is likely a 45‑day review clock.

Custody And Valuation Rules

Based on reports, the fund would value Bitcoin each trading day using the CME CF Bitcoin reference rate. Ether would use the CME CF Ether rate, unless the sponsor chooses another source. Private keys for both assets would sit in a cold wallet, kept separate from customer accounts. That setup aims to address long‑standing worries over hacks, theft and tangled custody failures.

A Crowd Of Competing Bids

Wall Street giants like BlackRock and Fidelity have filed pure‑Bitcoin ETF applications. Some firms are eyeing Ether‑only funds. Now a dual‑asset product is in the mix. If the SEC finalizes its planned “automated” listing framework, reviews could shrink from many months to a few. That rule would standardize disclosures, custody standards and market‑integrity checks for all spot‑crypto ETFs.

Meanwhile, Fidelity’s spot‑Solana ETF hit another delay. The SEC pushed back its March 25 application and opened a new public‑comment window—21 days for feedback, 35 days for replies. Bloomberg analyst James Seyffart called this hold‑up “expected,” noting it shows the agency is still fine‑tuning data and disclosures before any approvals.

What Comes Next For Investors

Now the ball is in the SEC’s court. Regulators can sign off, send back comments or reject the bid. If leadership keeps up the push for faster, automated reviews, spot‑crypto ETFs might reach market this year. Until then, every move—from amendment requests to public comments—will matter for funds backed by Bitcoin, Ether and beyond.

ETF Race Intensifies

At stake is more than branding. Fees, trading speed and trust in custody will shape which funds win big money. And sponsors will need muscle to stand out in a growing field of nearly 10 proposals. Investors should keep a close eye on filings and deadlines to know when to act.

The race launched with Trump Media’s Truth Social filing, and it may well end—with approval or denial—under its banner. Truth Social’s entry has put a fresh spin on the push for regulated crypto products.

Featured image from Getty Images, chart from TradingView

Со времени вступления в силу Закона о регулировании криптовалют в Евросоюзе (MiCA) разрешение на работу в ЕС получили 53 криптокомпании, сообщил директор по стратегическому развитию Circle в Европе Патрик Хансен (Patrick Hansen).

The US Securities and Exchange Commission has told would-be Solana ETF sponsors to file fully amended registration statements by the end of this month, a demand that compresses a review timetable currently set to run until 10 October, the first statutory deadline for the applications.

People involved in the dialogue say the Commission’s trading-and-markets division has signalled it has no intention of waiting that long. “I think that the SEC has some pressure to approve these quicker than waiting all the way to October, especially with that Rex Shares product that got approved last week,” one person familiar with the talks told CoinDesk.

Solana Poised To Become 3rd Spot Crypto ETF

The “pressure” originates with the REX-Osprey SOL + Staking ETF (ticker SSK). Organised under the Investment Company Act of 1940, SSK became effective automatically in the absence of an SEC objection and began trading on 2 July, gathering about $12 million on its first day. Its stealth debut gives it a first-mover advantage the agency has previously tried to neutralise by approving competing crypto funds simultaneously, as it did for spot bitcoin and ether ETFs.

Meanwhile, the SEC is redrawing its broader rulebook for digital-asset ETPs. A 12-page guidance document issued last week outlines disclosure expectations for custody, staking rewards and market-manipulation safeguards; staff are now drafting a universal template meant to replace the bespoke Form 19b-4 waivers that have governed every prior spot-crypto ETF listing. “The SEC is looking for a general rule it can apply to all listings, and currently is going back and forth on precise wording with the exchanges,” a senior executive involved in those talks said, adding that the template could cut approval windows to roughly seventy-five days.

Analysts on X read the accelerating correspondence as constructive. “MORE delays. Fidelity’s Solana ETF filing was just delayed as expected. We’re still waiting for some sort of movement from the SEC on a generalized digital asset ETP framework,” Bloomberg Intelligence’s James Seyffart wrote after one such procedural hold. Nate Geraci, president of ETF Store, echoed that view, noting that Reuters had confirmed the framework effort and cautioning that some issuers do not expect actual approvals “until early fall.”

Even if the template is not finalised before September, lawyers stress nothing prevents the Commission from clearing a Solana fund under existing rules in August. In parallel with the paperwork revisions, staff are assessing whether Solana’s market is “sufficiently resistant to manipulation” and whether the CME’s SOL futures provide an adequate surveillance substitute—tests Bitcoin and Ether passed in 2024 and 2025, respectively.

Six issuers—VanEck, Fidelity, 21Shares, Ark/21Co, Bitwise and Hashdex—have spot Solana proposals on file. An approval ahead of 10 October would make Solana only the third crypto asset with a US spot ETF and could set a precedent for pending XRP, Litecoin and Dogecoin filings.

Market-makers are already bracing for a condensed launch calendar. If the agency signs off in late August, it can be expected that the products will list within days of each other; after the bitcoin experience, speed to market meant everything. Whether that starting gun fires weeks—or months—ahead of schedule now hinges on how quickly the SEC reconciles the twin pressures of policy consistency and competitive fairness in the wake of SSK’s surprise head start.

At press time, SOL traded at $148.93.

Strategy hints at a massive Bitcoin buy after announcing a $4.2B STRD stock offering, which would translate to roughly 38,588 Bitcoins at the current price of $108,840 if the purchase goes through.

The press release came on July 7, the same day when Strategy announced $14B in unrealized revenue stemming from Bitcoin’s Fair Value Appreciation in Q2 2025.

It also came one day after Michael Saylor posted his viral ‘some weeks you just need to HODL,’ which, as history showed, is just the calm before the storm, given that Strategy has acquired almost $600K Bitcoins so far and shows no signs of stopping.

The Bitcoin Adoption Train is Always on the Road

Strategy’s FOMO-inducing $4.2B $BTC investment would outweigh Twenty One Capital’s entire Bitcoin reserves, currently at 37,230 coins, in one move.

To capture the significance of this fast fact, we should consider that Twenty One Capital occupies the third place on the list of companies with the highest Bitcoin reserves, after Strategy and MARA.

This alone showcases Michael Saylor’s confidence in his Bitcoin strategy, and he’s not the only one boarding this train.

Crypto analyst NLNico shared some interesting facts about the Bitcoin adoption rate, including a list of 42 companies raising billions to secure their place at the Bitcoin table.

Metaplanet is one of them, after announcing a massive $238.7M Bitcoin acquisition, translating to 2,205 coins to bring its reserves up to 15,555 tokens.

Canadian Bitcoin infrastructure company, LQWD Technologies, also announced its 10 Bitcoin purchase at an average price of $109.240 for a total investment of $1.09M, bringing its reserves to 181 Bitcoins and joining the growing list of Bitcoin adopters.

While the investors flocking to Bitcoin is sure to increase the token’s chart performance, it can also lower it if whale sales hit the market, which is why Bitcoin’s true value comes from blockchain innovations.

One such innovation is AMBOSS’s Rail system, the self-custodial yield service allowing you to earn Bitcoins while supercharging the Lightning Network.

Advancements like these shape the crypto landscape, attracting more investors and allowing projects like Snorter Token ($SNORT) to reach the public’s attention faster than ever.

How Snorter Token ($SNORT) Helps Novice Traders Discover Market Opportunities

Snorter Token ($SNORT) relies on Snorter Bot to track and snipe hot tokens automatically, making it the perfect tool for novice traders or those who lack the time or desire for manual coin hunting.

Snorter Bot eliminates the most common problems associated with manual coin hunting: missed opportunities, the risk of honeypots and rug pulls, and the need for more complex tech knowledge.

The bot does everything for you, making split-second calls to secure the target tokens as soon as liquidity appears.

Snorter Token offers perks like honeypot and scam protection, fast and secure swaps with a 0.85% execution fee, copy trading, limit orders, and dynamic stop-losses.

More importantly, Snorter Bot operates in Telegram chat, centralizing everything in one place, so you can say goodbye to juggling wallets and browser extensions.

The presale has raised over $1.6M so far, with $SNORT valued at $0.0975 and the prospect of making it big post-launch.

Thanks to the project’s express utility, we expect $SNORT to reach at least $0.94 post-listing, driven by investor curiosity.

A 5-year prediction sees $SNORT going as high as $3.25, which would be an ROI of 3,233% based on today’s price. This means a $100 investment could become a $3,333 passive income gift in just 5 years.

If you want to support the project and diversify your portfolio, head to the official presale page to buy your $SNORT today. If you’ve never bought into a presale like this, here’s a detailed guide on how to buy $SNORT tokens.

The Bitcoin Era is Pushing Closer

Strategy’s coming $4.2B Bitcoin investment is more than just a crypto purchase. Considering Strategy’s $14B unrealized revenues associated with its Bitcoin buy game, we could say it’s a financial strategy.

The same strategy that increasingly more companies try to capitalize on and which is bound to rally the crypto market as a whole with time, along with hot projects like Snorter Token ($SNORT).

Don’t take this as financial advice. Do your own research (DYOR), be aware of the risks, and invest wisely.

Представители компании «Дагэнерго» совместно с сотрудниками департамента обеспечения безопасности компании «Россети Северный Кавказ», а также управления экономической безопасности и противодействия коррупции МВД обнаружили в Бабаюртовском районе Дагестана майнинговую ферму. Майнинг в республике запрещен и любая ферма считается незаконной.

Администрация мексиканской международной сети отелей Murano Global объявила о начале закупки биткоинов на $500 млн.

Altcoin season has remained elusive despite expectations that it would have begun early in 2025. This has led to calls that there has been a change in the cycle and perhaps the concept of an altcoin season no longer applies. The Bitcoin dominance has also remained quite high during this time, with altcoins falling rapidly with each decline. However, the Altcoin Season Index is currently pointing to a possible bottom for altcoins.

Altcoin Season Index Bounces From Low Score Of 11

The Altcoin Season Index is an index which ranks the performance of the top 50 altcoins against the performance of Bitcoin on a scale of 1-100. In the case where the top 50 coins are performing better than Bitcoin on a 90-day period, it is considered altcoin season. Whereas in the case where the Bitcoin price is still outperforming the top 50 altcoins, excluding stablecoins and asset-backed tokens, then it is considered a Bitcoin season.

Presently, the Bitcoin price is still well ahead of the top 50 altcoins, as shown by its dominance still ranging above 65%. This has significantly reduced the chances of an alt season as the focus is still heavily on Bitcoin during this time. Even more concerning is the fact that the Bitcoin price has continued to outperform Ethereum, which is often the leader of the altcoin season.

According to data from Blockchain Center, the Altcoin Season Index is currently sitting at a low score of 27 at the time of this writing. This remains quite low but has been a major step-up from the low score of 11 that was recorded back in June following the market crash.

Usually, when the index is this low, it often signals that the end of the downtrend is close and the bottom could be in. However, there could still be some ways to go, given that historically, the index has bottomed below 10 before the alt season begins.

This is seen throughout the history of the market, where the altcoin index had fallen below 8 back in 2020 before the legendary altcoin season of 2021. Then again, bottoming at a score of 4 back in 2023 before the 2024 rally.

Nevertheless, the index being this low does suggest that the bottom is either in or will be in soon. The next step would be a decline in the Bitcoin dominance, likely toward the 40% territory, and Ethereum outperforming the Bitcoin price to fully signal the entrance of the altcoin season.

Generálny riaditeľ spoločnosti Tesla a technologický vizionár Elon Musk v nedeľu oznámil založenie novej politickej strany s názvom America Party. V reakcii na otázku jedného zo svojich sledovateľov na sociálnej sieti X (bývalý Twitter) uviedol, že jeho strana bude podporovať Bitcoin. Podľa jeho slov „fiat mena je beznádejná“, čím mieri na dlhodobý pokles ceny amerického dolára a potenciál BTC v dnešnej globálnej ekonomike.

Preskúmať nový meme coin s potenciálom

Tesla drží Bitcoin v hodnote 1,26 miliardy dolárov

Elon Musk má k najväčšej kryptomene dlhodobý vzťah. Spoločnosť Tesla patrila medzi prvých korporátnych investorov do tejto kryptomeny. V roku 2021 Tesla nakúpila Bitcoin v hodnote 1,5 miliardy dolárov, čím sa stala jednou z prvých verejne obchodovaných spoločností, ktoré zahrnuli BTC do svojich rezerv.

Podľa údajov platformy Bitbo Tesla aktuálne drží 11 509 BTC v hodnote približne 1,26 miliardy dolárov, čím sa radí na 9-te miesto medzi verejne obchodovanými spoločnosťami s najväčšími bitcoinovými rezervami.

Zakladateľ spoločnosti Jan3, Samson Mow, sa vyjadril, že prijatie BTC by mohlo dať Muskovi výhodu v jeho prebiehajúcom konflikte s Donaldom Trumpom. Mow tiež uviedol, že Tesla by mala opäť začať akceptovať Bitcoin ako platobný prostriedok. Zároveň navrhol, aby Muskova spoločnosť SpaceX ponúkala klientom zľavy za platbu v BTC.

.@elonmusk it’s time to go all in on #Bitcoin.@Tesla can take BTC for payments again and implement a Bitcoin Treasury Strategy.@SpaceX can give a discount on launches paid in Bitcoin.

Force a hard money standard on the money printers.

— Samson Mow (@Excellion) June 5, 2025

Musk však nebol vždy naklonený Bitcoinu. Ešte v roku 2021 vyhlásil, že „cena Bitcoinu je príliš vysoká“, čo spôsobilo, že cena BTC sa vtedy krátkodobo prepadla. V čase písania sa BTC obchoduje za 108 913 $.

Bitcoin ako platobný nástroj sa spomínal aj v súvislosti s rozšírením platobných možností vo vesmíre. V roku 2024 Musk najprv odmietol myšlienku využívania BTC siete na platby v rámci jeho projektu Mars. Avšak neskôr pripustil, že by tento problém mohol vyriešiť lokalizovaný Lightning Network, ktorý by eliminoval pomalé transakcie.

Zdroj: coinmarketcap.com

Konflikt medzi Elonom Muskom a Donaldom Trumpom

Vzťah medzi Muskom a bývalým prezidentom Donaldom Trumpom sa zhoršil po zverejnení Trumpovho návrhu zákona s názvom One Big Beautiful Bill (OBBB). Elon Musk ho označil za „deštruktívny“ a upozornil, že by mohol spôsobiť stratu miliónov pracovných miest a obrovské strategické škody pre USA.

Zákon je podľa odhadov spojený s nárastom amerického štátneho dlhu o 3,3 bilióna dolárov v nasledujúcej dekáde. Musk spochybnil logiku, prečo Trump vytvára iniciatívu s názvom DOGE zameranú na znižovanie štátneho dlhu, ak pritom plánuje zadlžiť krajinu o ďalšie bilióny.

Musk následne naznačil, že Spojené štáty potrebujú novú politickú stranu, ktorá bude „skutočne stáť pri ľuďoch“.

Založenie strany America Party

Následne v nedeľu Elon Musk oznámil založenie politickej strany America Party po tom, čo sa viac ako 1,24 milióna ľudí zúčastnilo hlasovania na sociálnej sieti X. Takmer dve tretiny hlasujúcich vyjadrili podporu vzniku novej strany.

Donald Trump reagoval kriticky, pričom varoval, že Muskova nová strana by mohla rozdeliť republikánskych voličov počas volieb do kongresu v roku 2026.

The America Party is the solution https://t.co/KryqdEcqIU

— Elon Musk (@elonmusk) July 6, 2025

Téma sa dotýka kryptomenovej adopcie v politike, napätých vzťahov medzi technologickými lídrami a tradičnými politikmi, ako aj dlhodobej úlohy Bitcoinu v globálnej ekonomike. Zároveň signalizuje rast politiky orientovanej na technológie, kde digitálne meny a decentralizované financie zohrávajú čoraz väčšiu úlohu.

Tu sa objavuje otázka, či je Bitcoin pripravený adaptovať sa na požiadavky dnešnej doby. Ako najstaršia sieť, Bitcoin blockchain nebol pôvodne navrhnutý na rýchle transakcie. Navyše náklady spojené s prevádzkou siete sú značne vyššie, ako u iných sietí. Ak chce Bitcoinový ekosystém udržať krok s dobou, potrebuje nové škálovacie riešenie s energeticky nižším zaťažením.

Nové škálovacie riešenie Bitcoin Hyper zásadne mení spôsob, akým môžeme využívať BTC

Na tento problém upozornil vývojársky tím Bitcoin Hyper, ktorý pripravuje prvé škálovacie riešenie L2 postavené na overenej architektúre Solana Virtual Machine (SVM) s podporou smart kontraktov.

Kým Bitcoin sieť aktuálne spracuje len 7 transakcií za sekundu, SVM umožní realizáciu niekoľko tisíc transakcií za rovnaký čas. Naviac s použitím tzv. kanonického mosta (Canonical Bridge) je presun BTC medzi pôvodnou sieťou a novou vrstvou nielen rýchly, ale spĺňa najvyššie štandardy bezpečnosti bitcoinového blockchainu.

Zdroj: bitcoinhyper.com

Vďaka projektu Bitcoin Hyper môžu používatelia jednoducho používať BTC v rámci DeFi, stakingu alebo decentralizovaných aplikácií s takmer nulovými poplatkami a okamžitým spracovaním. Navyše nová architektúra má oveľa nižšiu energetickú spotrebu ako pôvodná Bitcoin sieť.

Celý ekosystém poháňa natívny token HYPER. Ten plní nielen funkciu platidla za tzv. gas fee, ale je tiež zdrojom pasívnych príjmov pre dlhodobých držiteľov. Token totiž aktuálne v štádiu predpredaja ponúka APY odmeny za staking vo výške až 387 %. Okrem toho ho držitelia využijú aj ako nástroj hlasovania v rámci rozhodovania a budúcom vývoji ekosystému.

V čase písania je predpredajná cena kryptomeny HYPER 0,012175 $. Podľa doterajšieho investičného záujmu a predikcií kritikov, sa token HYPER zaradil medzi top kryptomeny na nákup 2025.

Preskúmať Bitcoin Hyper

Zapojte sa do sociálneho experimentu s potenciálom vysokého rastu

Ak však hľadáte token, ktorý originálnym spôsobom preveruje limity dnešného kryptotrhu, pozrite sa na Token6900 (T6900). Tento sebavedomý meme coin zámerne odmieta trend prehnanej utility a technických sľubov, ktorými sa mnohé projekty snažia osloviť investorov. Namiesto toho stavia na základoch úspechu SPX6900 a posúva celý koncept do roviny virálneho sociálneho experimentu s vizuálnym prevedením z éry internetu roku 2000.

Zdroj: token6900.com

Zámerom je dokázať, že aj bez náročnej funkcionality môže kryptomena uspieť, ak ponúkne 100 % transparentnosť, silný komunitný základ a kultúrny rozmer, ktorý rezonuje. Token6900 tak testuje, či čistá sila internetu, meme kultúry a participácie dokáže generovať vysoký rast bez prísľubov technologických prevratov. Vďaka tomu sa T6900 stáva nie len tokenom, ale aj zrkadlom toho, čo dnes v kryptosvete skutočne funguje – autenticita, energia a otvorená komunita.

Token6900 ponúka predpredaj s limitom 5 miliónov dolárov, pričom aktuálna cena tokenu T6900 je  0,0065 $. Nákup môžete zrealizovať na oficiálnej stránke predpredaja pripojením svojej Best Wallet, alebo inej kompatibilnej kryptopeňaženky.

Záujemci o staking majú k dispozícii APY odmeny 195 % s možnosťou zapojenia sa do hlasovaní v rámci aktívnej DAO organizácie. Objem tokenov je pevne stanovený, pričom 80 % z celkovej ponuky je sprístupnených priamo v predpredaji.

Ak vám meme kultúra, číslo 6900 a nostalgiu po starom internete nie sú cudzie, Token6900 môže byť tým správnym „low cap“ experimentom, ktorý osloví nielen srdce, ale aj peňaženku.

Navštíviť predpredaj Token6900

The EU just handed out 53 Markets in Crypto-Assets Regulation (MiCA) licenses: firm-level approval under one of the toughest crypto frameworks to date.

According to new data shared by Circle’s Patrick Hansen, the European Securities and Markets Authority (ESMA) has authorized a wave of crypto-native firms, TradFi giants, and fintech platforms to operate seamlessly across all 30 European Economic Area (EEA) countries.

The list includes Robinhood, Crypto.com, Societe Generale, Circle, and even decentralized payment processors like Bitpanda and MoonPay. But Binance and Tether didn’t make the cut, raising eyebrows and marking a potential power shift in who dominates the European crypto landscape.

Nevertheless, this is the first time we’ve seen such clean regulatory clarity from a major economic zone, and it’s a big deal. Regulated crypto is here.

And if MiCA is the green light for adoption, then the next logical question is: Where’s the smart money going?

We’ll spotlight this shift in more detail and uncover three projects that align with the direction MiCA is pushing the industry.

MiCA Approvals Signal Global Crypto Shift

The approved 53 crypto firms under MiCA include 14 stablecoin issuers and 39 Crypto-Asset Service Providers (CASPs), setting a new global benchmark for regulatory clarity.

These licenses come with passporting rights, meaning approved companies can legally operate across all 30 EEA countries without reapplying in each one.

Names like BBVA, OKX, eToro, Coinbase, and Kraken are now fully licensed, signaling that both TradFi and crypto-native firms are playing ball.

The takeaway? Regulation isn’t killing crypto; it’s legitimizing it. And it’s not just about checking compliance boxes anymore.

In this new landscape, the projects that thrive won’t be those shouting the loudest but those building with regulation in mind, ready to scale with the system rather than outside it.

The Best Cryptos to Buy in This New MiCA Era

So, what kind of projects actually stand to benefit in this new regulatory climate? Here are three tokens that align with where crypto’s heading next:

1. Bitcoin Hyper ($HYPER) – Bitcoin Finally Gets an Execution Layer

Bitcoin’s reputation as a store of value is ironclad, but what about its utility? Still stuck in 2015. Bitcoin Hyper ($HYPER) aims to change that with a Layer 2 solution that’ll integrate Solana’s Virtual Machine (SVM), effectively turning Bitcoin into a fast, programmable, and DeFi-compatible network.

With near-instant $BTC transfers, cross-chain swaps, and support for complex Decentralized Apps (dApps), Bitcoin Hyper aims to bring real speed and smart contracts to the most trusted blockchain on earth without giving up its security.

Zero-Knowledge (ZK) proofs ensure finality, while the Canonical Bridge handles $BTC deposits and withdrawals seamlessly. $HYPER being the forefront of this innovative plan could see the token reach $0.32 by the end of the year.

The $HYPER presale has already raised $2M+, with one token currently costing just $0.012175 — early birds can also stake their tokens (currently sitting at 386% APY). No VC allocations. No insider minting. Just a clean, public launch.

In a crypto climate shifting toward real infrastructure and compliance-readiness, Bitcoin Hyper gives Bitcoin what it’s always lacked: a real execution layer. For more information, here’s a full guide on how to buy $HYPER tokens.

2. Best Wallet Token ($BEST) – Built for Utility, Ready for What’s Next

The Best Wallet Token ($BEST) is the gateway to one of crypto’s most rapidly growing ecosystems. Holding $BEST unlocks a range of real, usable benefits inside the Best Wallet app, a non-custodial wallet built for the next phase of Web3.

That includes up to 100% APY in staking rewards, reduced transaction fees, early access to the hottest crypto presales, and even exclusive perks through its iGaming partnerships. Over $13.75M has already been raised in the presale, with the current price at $0.025295.

And soon, Best Card will launch – giving users a way to spend crypto like cash, with cashback perks and fee discounts baked in. It’ll work anywhere Mastercard is accepted.

$BEST is the fuel for an expanding ecosystem that’s designed to reward actual usage, not just speculation. We’ve predicted that $BEST could reach between $0.43 and $0.82 by 2030.

For more, here’s a full guide on Best Wallet Token – where we discuss in depth what it is, how it works, and more.

3. Chainlink ($LINK) – The Oracle Backbone of Regulated Crypto

If the MiCA era is about connecting crypto to the real economy, then Chainlink ($LINK) is the protocol already doing it. With over $9B in market cap, Chainlink’s decentralized oracle network provides the critical infrastructure for bringing off-chain data on-chain.

From asset prices and weather feeds to bond yields and real-world identity. As the tokenization of Real World Assets (RWAs) accelerates, Chainlink is quietly becoming the data layer for this $300T market.

It’s already working with central banks, TradFi institutions, and infrastructure providers, and its Cross-Chain Interoperability Protocol (CCIP) is powering seamless value transfers across chains and legacy systems like SWIFT.

$LINK currently trades at $13.49, still far below its all-time high of $52.88.

With Chainlink Staking v0.2 improving oracle security via slashing and the new Chainlink Runtime Environment (CRE) poised to streamline RWA automation, $LINK is increasingly positioned as a compliant, foundational asset in crypto’s regulated future.

A Turning Point

MiCA is no longer just a headline. It’s now policy, and it marks a clear turning point: crypto isn’t dying; it’s ramping up.

The next phase belongs to projects that combine real infrastructure with forward-looking narratives, whether that’s Bitcoin finally gaining scalable DeFi with projects like Bitcoin Hyper, wallets built for the new Web3 user, or oracle networks linking TradFi rails to on-chain logic.

As always, though, please do your own research (DYOR). This article is not financial advice.

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has surged close to the historical topping zone.

Bitcoin NVT Golden Cross Is Currently Shooting Up

In a CryptoQuant Quicktake post, an analyst has talked about the latest the trend in the Bitcoin NVT Golden Cross. The NVT Golden Cross is an indicator that’s based on an on-chain metric known as the NVT Ratio.

The NVT Ratio tells us about how the market cap of the cryptocurrency compares against its transaction volume. The indicator is based on the idea that the blockchain’s ability to transact coins (as represented by the transfer volume) could be looked at as its fair value.

When the value of the metric is high, it means the value of the asset (that is, the market cap) is high compared to this ability to transact coins. Such a trend can imply that the coin may be overbought.

On the other hand, the indicator being low suggests the market cap could potentially have room to grow with respect to the transaction volume. This kind of trend can imply a rebound to the upside may be due for the cryptocurrency.

Now, the NVT Golden Cross, the actual metric of interest here, is a Bollinger-band like indicator that signals whether the NVT Ratio is close to a top or bottom. The metric works by comparing the short-term trend of the NVT Ratio to its long-term one.

Now, here is a chart that shows the trend in the Bitcoin NVT Golden Cross over the year 2025 so far:

As displayed in the above graph, the Bitcoin NVT Golden Cross has recently been following a trajectory of rapid growth, implying the market cap has sharply been increasing relative to the transaction volume.

The indicator has now reached a value of 1.98. From the chart, it’s visible that this isn’t too far from the 2.2 level (boundary of red zone). Historically, the indicator crossing above this level has generally signaled overheated conditions for the cryptocurrency.

So far, the pattern has held in 2025 as well, with Bitcoin observing local tops alongside each of the three instances where the NVT Golden Cross breached the 2.2 mark.

“If the metric crosses 2.2 again, it may hint at a local top,” notes the quant. “But don’t rush to exit—historically, the metric has stayed above 2.2 for several days.” It now remains to be seen how BTC and the NVT Golden Cross would develop in the near future.

BTC Price

Bitcoin attempted a move toward the all-time high (ATH) just earlier, but it seems the effort failed and the coin has fallen back to its range, as its price trades around $108,000.

Ripple CEO Brad Garlinghouse is set to testify before the US Senate Banking Committee on July 9, 2025, during a hearing focused on the future of digital asset markets. 

Titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” the session will reportedly address the regulatory environment surrounding cryptocurrencies, with particular emphasis on proposed legislation like the GENIUS Act and the CLARITY Act.

Ripple CEO Tackles Regulatory Challenges

According to a DailyStar report, Garlinghouse will be accompanied by notable figures from the industry, including Summer Mersinger, CEO of the Blockchain Association; Jonathan Levin, CEO of Chainalysis; and Dan Robinson, General Partner at Paradigm. 

The hearing will be led by Senate Banking Committee Chairman Tim Scott, with pro-crypto Senators Cynthia Lummis, and lawmaker Ruben Gallego overseeing the Subcommittee on Digital Assets.

In a recent statement, Garlinghouse underscored the necessity of a clear regulatory framework for cryptocurrencies in the United States. He asserted that constructive legislation is crucial for fostering innovation and ensuring consumer protection while promoting financial opportunities within the sector. 

This testimony follows significant legal developments for Ripple, especially a ruling in July 2023 by a US District Court, which determined that XRP, Ripple’s associated token, is not classified as a security when sold to the general public, although it may be treated as such in certain institutional scenarios.

XRP Case And New Stablecoin Regulations

On June 26, 2025, Judge Analisa Torres reaffirmed this ruling by rejecting a proposed settlement agreement between Ripple and the Securities and Exchange Commission (SEC), maintaining that XRP is not a security in most contexts. 

In a notable shift, Ripple Labs announced its intention to withdraw its cross appeal regarding the sale of XRP tokens. Garlinghouse shared this decision on social media platform X (formerly Twitter), indicating that both Ripple and the SEC are expected to abandon their respective appeals. 

This move signals a potential resolution to a protracted dispute that has lasted several years, allowing Ripple to refocus on its primary mission: building the “Internet of Value.”

By withdrawing the cross appeal, Ripple aims to expedite the conclusion of its lengthy legal battle, which has loomed over the company and the broader cryptocurrency landscape.

In legislative developments, the GENIUS Act, which stands for Guiding and Establishing National Innovation for US Stablecoins, was passed by the Senate on June 17, 2025, with a bipartisan vote of 68-30. 

This legislation could be beneficial for Ripple, particularly for its RLUSD stablecoin, as it seeks to create a regulatory framework for stablecoins that mandates issuers to maintain equivalent reserves and comply with specific operational standards. 

The bill is now awaiting consideration in the House of Representatives, further indicating a significant shift in the regulatory approach to digital assets in the US.

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