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Data shows the cryptocurrency derivatives market has seen a huge amount of liquidations following Bitcoin’s surge to a new all-time high (ATH).

Bitcoin Has Rallied To A New Price Record

After prolonged consolidation just under the ATH, Bitcoin has finally broken through to set a new record. Although brief, BTC’s move saw it touch the $112,000 mark.

Below is a chart that shows how the asset’s recent performance has been like:

As is visible in the graph, Bitcoin has seen a small retracement to $111,000 since the ATH-setting surge. In typical fashion, this move from the original digital asset has sent a bullish wave across the sector, with altcoins observing jumps of their own.

Many of them have outperformed BTC, including Ethereum (ETH), which has seen a profit of around 4.5% during the past day. A notable performer among the top coins has been Sui (SUI), observing a rise of over 9% in this window.

With the bullish price action in the sector, the investors betting on a bearish outcome over at the derivatives side have naturally been dealt a blow.

Crypto Market Liquidations Have Crossed $500 Million

According to data from CoinGlass, the derivatives exchanges have registered significant liquidations over the last 24 hours. Below is a table showcasing the relevant numbers.

In total, the cryptocurrency market as a whole has faced liquidations of almost $528 million in this period. Out of these, $453 million in liquidations, representing 85% of the total, came from the short investors alone.

In terms of the individual symbols, Bitcoin and Ethereum contributed the most toward the squeeze, with $225 million and $148 million in liquidations, respectively.

Mass liquidation events like this latest one aren’t a particularly rare sight in the cryptocurrency sector, due to coins being relatively volatile and extreme amounts of leverage being easily accessible.

There have been a couple of major short squeezes during the last few weeks alone. According to the analytics firm Glassnode, however, the latest event has seen different behavior in the Open Interest. The “Open Interest” is an indicator that keeps track of the total amount of positions related to Bitcoin that are currently open on all centralized derivatives platforms.

When mass liquidation events happen, it’s not unusual to see the Open Interest drop as investors get liquidated or exit the market. This happened with the last two short squeezes and also the latest one.

It’s apparent from the chart, though, that while Open Interest remained down after the previous rallies, it quickly bounced back up following the initial drop during the latest one. This trend could point toward fresh long positioning occurring in the sector.

Bitcoin is once again at the edge of uncharted territory. After briefly breaking its all-time high by just $40 yesterday, BTC now hovers just below the critical $112,000 mark—its final resistance before true price discovery begins. Bulls remain firmly in control of the trend, but market participants are watching closely for a decisive breakout to confirm the next leg higher.

What makes this moment particularly striking isn’t just the price action—it’s the behavior of investors behind the scenes. According to top analyst Darkfost, Bitcoin inflows to Binance are collapsing, reaching their lowest levels of the entire market cycle. This signals a major shift in sentiment: long-term holders appear unwilling to part with their BTC, even as prices approach record highs.

Traditionally, inflows to exchanges are a proxy for potential sell pressure. The sharp drop in these inflows suggests that investors are not preparing to sell but are instead holding tightly, anticipating further upside. This combination of a strong price structure and reduced sell-side risk makes this moment historic. A breakout above $112K would not only confirm bullish dominance, but it could open the gates to the next phase of Bitcoin’s bull run.

Exchange Inflows Collapse As Bitcoin Eyes Price Discovery

Bitcoin is setting the stage for what could be an expansive breakout, but uncertainty remains as bulls struggle to push above the $112,000 level with conviction. Despite reaching a new all-time high by just $40, BTC has not yet confirmed the breakout that would initiate a true move into price discovery. Still, broader macroeconomic conditions—such as record highs in US equities, easing global tensions, and robust job market data—paint a supportive backdrop for risk assets.

What’s particularly noteworthy in this moment is investor behavior. According to fresh data, BTC inflows to Binance have collapsed to levels not seen since the depths of the bear market. The monthly average of BTC sent to Binance sits at roughly 5,300 BTC, but the latest daily figure hovers near 4,600 BTC. These historically low inflows, paired with bullish price action, suggest investors are holding strong rather than preparing to sell.

Unlike outflows, which are often skewed by internal exchange movements, inflows offer a cleaner signal of potential sell pressure. Bitcoin transferred to an exchange typically reflects an intent to sell, or at least the option to. The fact that so few BTC are moving into Binance, the largest global exchange, indicates that investors are not eager to take profits.

Instead, this behavior reflects growing conviction in Bitcoin’s long-term potential. As BTC tests its final resistance, the market seems to lack the typical overhead pressure that would otherwise trigger a correction. If buyers manage to push BTC cleanly above $112K, this rare mix of low inflows and strong sentiment could launch the asset into a powerful new leg upward.

BTC Price Analysis: Bulls Test Final Resistance Below

Bitcoin is trading at $111,153 after briefly breaking to a new all-time high. The daily chart shows BTC consolidating just below the key resistance level at $112,000, which previously marked the top in late May. Price action has been constructive over the past several weeks, forming a series of higher lows and maintaining strong support above $109,300. This area has now flipped into short-term support and will likely act as the first defense if a rejection occurs.

The 50-day moving average (blue) is trending upward and sits just above $106,800, closely followed by the 100-day moving average (green) at $99,865—indicating solid mid-term momentum. The 200-day moving average (red) remains well below at $96,672, confirming the broader bullish trend is still intact.

Volume has not significantly expanded despite the new all-time high, suggesting this move lacks full conviction, at least for now. If BTC can hold above $109,300 and decisively push beyond $112,000, we could see a strong continuation toward price discovery levels. However, failure to break above may lead to another round of consolidation.

Featured image from Dall-E, chart from TradingView

The XRP ecosystem is witnessing a flurry of developments that could significantly impact its future trajectory. From a sharp surge in new wallet addresses and XRP Open Interest to growing whale activity and a strategic partnership between Ripple and a leading banking company, these key events are ones that every investor and enthusiast should be aware of and closely monitor. 

XRP Wallet Addresses And Open Interest Skyrocket

A recent H1 2025 report by Finbold reveals that the XRP network is seeing a sharp rise in speculative interest, with over 840,000 new wallet addresses created in the first half of the year. The report shows that XRP’s total address count jumped from 6.28 million to 7.12 million between January and June 2025. 

However, during the same period, the number of unique active addresses dropped by 42.2%, falling from 39,515 to 22,743. This disconnect suggests that many of the new addresses belong to long-term holders, institutions preparing for future integration, or investors opting to hold their assets without actively interacting with the blockchain network. 

On the derivatives front, XRP’s futures Open Interest recently surged to its highest point since January. According to crypto analyst Xaif on the X social media platform, Open Interest spiked to 800 million XRP before stabilizing at around 743 million, marking a 33% increase from its low in late June. This sharp rise coincides with growing anticipation around a potential ProShares XRP ETF approval, which could reignite bullish sentiment across the market. 

Whales Move $500 Million In XRP 

A massive XRP transaction involving over 214.14 million tokens, valued at approximately $500 million, has caught the attention of the broader crypto market. Based on the information from WhaleAlert, a prominent crypto tracker on X, the full amount was moved by a whale in a single transaction from an anonymous long-standing but inactive wallet address to a newly active one. 

The recipient wallet, according to WhaleAlert, was created in June 2025 and had shown minimal activity until the sudden inflow. Following the $500 million worth of XRP transfer, the wallet’s balance surged to a whopping 708 million tokens, instantly positioning it among the top holders on the XRP Ledger. Meanwhile, the sender’s address still holds over a billion XRP, signaling control over a significant portion of the circulating supply. 

Ripple Teams Up With BNY Mellon 

Ripple, a crypto payments firm and the largest holder of XRP, has announced its official partnership with the Bank of New York (BNY Mellon). The company aims to serve as the primary custodian for reserves backing its new enterprise-grade stablecoin, Ripple USD (RLUSD). 

The collaboration marks a significant step in the crypto payments organization’s mission to rapidly advance institutional adoption of digital assets by integrating with one of the world’s oldest and most trusted financial institutions. Unlike most stablecoins that target retail use, RLUSD is designed for enterprise applications, specifically to enhance speed, reduce costs, and increase transparency. On the other hand, BNY Mellon could provide Ripple with key transaction banking capabilities to support operational scale.

Crypto analyst VisionPulsed believes Dogecoin’s months-long torpor is disguising the build-up to what could be the memecoin’s final and most dramatic surge of the cycle. In a livestream dated 9 June, the analyst argued that a constellation of macro and on-chain signals is converging on an upside resolution that could propel DOGE “around 90 cents to a dollar,” a move of roughly 500 percent from its current corridor near 17–20 cents.

Dogecoin Blow-Off Top By November?

“This will be the largest move, probably 500 to 600 percent, which would put Doge around 90 cents to a dollar,” VisionPulsed told viewers after noting that each bull-market thrust since 2020 has exceeded the magnitude of the one before it.

The analyst anchored his conviction in the hash ribbons indicator, an algorithm that compares short- and long-term mining hash rates to identify miner capitulation and subsequent recoveries. Historically, a hash-ribbons buy signal in Bitcoin has coincided with broad-based market advances. This cycle, however, the first buy signal was followed by fresh weakness, a deviation VisionPulsed called “the first time I think it actually got hash ribbons buy signal and it didn’t go up.”

While that atypical response sowed doubt about the indicator’s efficacy, the channel now shows a second capitulation phase that is poised to print another buy trigger. VisionPulsed framed the repetition as cumulatively bullish: if the next signal fires, the market will have absorbed two waves of miner stress without surrendering its broader up-trend foundations.

Beyond on-chain data, the analyst spotlighted a quartet of macro factors—euro-dollar dynamics, global M2 money supply growth, the distance from Bitcoin’s April halving, and record S&P 500 closes—as forces that “say we should go higher on a macro scale.” Each element, he suggested, keeps liquidity conditions and risk appetite broadly constructive even as individual coins mark time.

Yet Dogecoin’s five-day stochastic RSI remains mired in oversold territory. VisionPulsed thinks that paradoxically strengthens, rather than weakens, the case for an explosive move once momentum finally reverses: “It’s very difficult, or almost impossible, for Dogecoin to explode higher” while the oscillator is pinned low, but “when this does finally curl around, you’re probably going to see a larger move to the upside.”

For now, Dogecoin has drifted sideways for roughly three months, a pattern the analyst deems “extremely bullish” precisely because it is so uneventful. “If you bought in March, it’s the same price as it was now,” he said, describing the 17–20 cent channel as a pressure cooker. The longer the market remains range-bound, the sharper the eventual breakout is likely to be, he contended, pointing out past instances where identical flat periods preceded 30 percent relief rallies—even if those bursts failed to satisfy long-term holders.

Plotting the projected trajectory on his chart, VisionPulsed’s template would deliver the upside resolution sometime between October and December—a window that coincides with the historical peak of Bitcoin’s four-year cycle. “Historically November, December, October has been the top … so that would indicate that if we do get one final move, it will probably be the final move,” he observed.

At press time, DOGE traded at $0.18.

XRP has made its way into an index-based crypto ETF, filed by Donald Trump’s Truth Social. This provides a bullish outlook for the altcoin, which has already recorded significant gains since the filing. 

XRP Among Coins In Trump’s Truth Social ‘Crypto Blue Chip ETF’

Trump’s Truth Social filed for a Crypto Blue Chip ETF, which will contain XRP. The altcoin is one of the five coins that the fund will hold, alongside Bitcoin, Ethereum, Solana, and Cronos. This is significant as the ETF is another spot fund that could provide investors direct exposure to XRP. 

According to the filing, the fund will hold approximately 2% XRP, which is the lowest among the five coins. This development follows the SEC’s approval of Grayscale’s Digital Large Cap fund, another index-based crypto ETF, which contains XRP. Commenting on what this filing means for XRP, community member Pumpius remarked that the “most suppressed, underestimated asset might be going institutional.”

He further stated that President Trump is creating a gateway for Wall Street and Main Street to invest in XRP. Based on this, Pumpius declared that the game has changed for the altcoin after years of ridicule, through the Ripple SEC lawsuit. He claimed that this move is a validation for the altcoin. 

Since Truth Social’s filing, the XRP price has surged, breaking the $2.30 resistance level in the process. Crypto analyst CasiTrades noted that momentum was building for XRP, with fundamentals such as the Truth Social filing contributing to the bullish sentiment. With the break above the $2.30 resistance level, she predicts that the altcoin could head straight to $2.69. She also mentioned that XRP could reach as high as $3.04, which is also a major Fibonacci level. 

Other XRP ETFs On The Horizon

XRP could also receive a major boost with the other XRP ETFs, which could launch this month. Crypto influencer Nick drew the community’s attention to ProShares futures ETFs, which are pending SEC approval. The Commission is expected to decide on these funds by July 14, with an approval likely, given the Commission’s current crypto-friendly approach. 

ProShares has filed for an Ultra ETF, a Short ETF, and an Ultra Short ETF, which would all provide indirect exposure to XRP. The Ultra XRP ETF has just recently been listed on the Depository Trust and Clearing Corporation (DTCC). This has further raised hopes of approval for the fund. 

Turtle Capital 2xLong XRP Daily Target ETF is also in focus as the asset manager’s filing will become effective this month. Meanwhile, Volatility Shares has filed for XRP and 2x XRP ETFs, which could begin trading this month. 

At the time of writing, the XRP price is trading at around $2.42, up over 5% in the last 24 hours, according to data from CoinMarketCap.

XRP is riding the bullish wave, with its price surpassing several key resistance levels such as the $2.40 mark due to a resurgence in the broader market sentiment and engagement. The sudden bounce in the altcoin’s price coincides with growing investor activity, especially among big players.

Growing XRP Price And Whale Investors

After consolidating between $2 and $2.35 for the week, XRP has finally broken out of this price range.  As the market turned bullish, the altcoin witnessed a surge to levels not seen since May, triggering hopes about the sustainability of the current upward move.

During the resurgence, Santiment, a leading market intelligence and on-chain data platform, reported that XRP’s market value has surpassed $2.39, reaching a seven-week high for the first time since May 23. The ascent to a multi-week top highlights the resilience of the token, which could lay the groundwork for a potential larger upward push in the coming weeks.

It is important to note that this sudden spike comes in light of growing whale wallets on the network. Thus, this renewed uptick in price might be propelled by the significant accumulation of the altcoin by large wallet addresses.

With the rising price and growing interest from large investors, the XRP ecosystem is being revitalized even though the overall market is still moving carefully. According to the on-chain platform, this advancement in interest is observed among wallet addresses holding at least 1 million XRP. A notable rise in the number of these key cohort signals strong conviction and demand in the institutional landscape. 

Data from the platform shows that the number of wallet addresses holding 1 million XRP is currently at 2,742. Santiment noted that this figure is just one off from the all-time high of 2,743, which was recorded on Tuesday. 

In addition, the platform highlighted that this group of investors has collectively accumulated over 47.32 billion XRP, valued at a whopping $114 billion at current prices. This growth is a sign that big investors are persistently displaying confidence in the altcoin’s future.

Past Trend Strengthening The Case Of A Major Upsurge

With key investors holding firm on their coins, the foundation may be subtly set for a big step forward. In an analysis posted on the X platform, Ripples, a commenter and crypto enthusiast, has offered a compelling trend that points to an impending major rally for XRP.

Ripples has aligned his forecast with a past trend that preceded a move to a new all-time high in 2017. The chart shows that the altcoin consolidated for 32 weeks before breaking out on the 33rd week.

According to the expert, the asset is repeating this trend, consolidating for over 32 weeks as seen in the 2017 cycle. Considering past results, the expert is confident that the altcoin is set to rally sharply, possibly creating a new all-time high.

Крупная китайская финтех-компания Ant Group, платежный оператор глобальной торговой платформы Alibaba, объявила о партнерстве с американской Circle, эмитентом стейблкоина USDC. Источники Bloomberg сообщили, что Ant Group собирается использовать USDC для трансграничных платежей.

The Bitcoin Policy Institute (BPI) has released a 30-page model bill designed to let US state treasuries treat BTC as a strategic reserve asset, codifying everything from multisignature custody to tax-advantaged economic zones. Titled the “State-Level Strategic Bitcoin Reserve Toolkit,” the document arrives amid growing institutional adoption of the asset class and lays out a path for states to “diversify treasury holdings, hedge against currency debasement, and enhance long-term fiscal stability,” a goal the authors describe as a “paradigm shift in monetary technology”.

States Should Hold 3% In Bitcoin

Authored by BPI’s head of policy Zack Shapiro and research associate Zack Cohen, the toolkit asserts that existing fiduciary mandates already empower treasurers to hold BTC and urges lawmakers to seize a “competitive advantage” in attracting digital-asset businesses . States adopting the framework would be required to create a Strategic Bitcoin Reserve (SBR) kept entirely in cold storage and controlled through a Multi-Institution Custody system that distributes keys among three to seven independent entities so that “no single institution, custodian, or individual maintains unilateral control” over state coins.

The proposal obliges each state to earmark “no less than three percent of the prior fiscal year’s average daily balance in the General Operating Fund” for annual Bitcoin purchases, with additional inflows permitted from seized assets, cryptocurrency tax payments and a new class of tax-exempt Municipal BitBonds. Once acquired, Bitcoin “shall be held for a minimum period of twenty years,” barring extraordinary legislative action, and is explicitly prohibited from being lent, rehypothecated or placed in derivative contracts.

Section 5 imposes a real-time Proof-of-Reserves regime: the treasury must publish cryptographic signatures, wallet addresses and balance updates “within one hour of any material change,” giving the public continuous on-chain insight into state coffers. Biennial reports must supplement the on-chain data with cost basis, performance analysis and incident disclosures. Oversight is anchored by a seven-member Strategic Bitcoin Reserve Advisory Committee that includes representatives from the governor, legislature, pension system, academia and the banking sector. The legislative audit division retains authority to probe the program at least once every three years.

Beyond balance-sheet diversification, the bill ventures into industrial policy. It authorizes Bitcoin Tax-Advantaged Zones offering capital-gains exemptions, sales-tax relief on mining hardware and payroll-tax rebates for firms deriving at least 60 percent of revenue from BTC activity . Mining itself is framed as an emissions-mitigation tool: state agencies are instructed to target stranded energy, flare-gas capture and renewable-grid balancing, with at least five percent of mining proceeds flowing into a dedicated conservation fund.

The drafters envision an aggressive rollout. Within 90 days of enactment a treasury would have to complete its first purchase; full operational capacity—including custody infrastructure, insurance and reporting systems—must be reached within 120 days. Continuous disaster-recovery drills and cyber-incident protocols underpin the reserve’s security architecture.

Notably, three US states have already put a strategic Bitcoin reserve into law. New Hampshire became the pioneer on 6 May 2025 when Governor Kelly Ayotte signed HB 302, authorizing the treasurer to allocate up to five percent of certain state funds to Bitcoin and other digital assets.

Arizona followed on 7 May 2025 with HB 2749, creating a Bitcoin and Digital Assets Reserve Fund inside the treasurer’s office to hold abandoned or seized cryptocurrency in-kind rather than liquidate it. Texas joined on 20 June 2025 as Governor Greg Abbott approved SB 21, the Texas Strategic Bitcoin Reserve and Investment Act, giving the comptroller explicit authority to buy and custody Bitcoin for the state.

At press time, BTC traded at $111,111.

Котирующаяся на нью-йоркской фондовой бирже (NYSE) майнинговая компания BIT Mining сообщила о кардинальном изменении бизнес-стратегии. Компания отказывается от добычи биткоинов и намерена вложиться в экосистему криптовалюты Solana.

Democratic Senator Elizabeth Warren is reportedly set to unveil her proposed framework for regulating the cryptocurrency market, adding to the growing divide between the approaches of the Democratic and Republican parties to digital asset legislation.

Warren Critiques Republican Crypto Principles

As the leading Democrat on the Senate Banking Committee, Warren has consistently expressed her concerns regarding the crypto industry, and her forthcoming principles aim to establish a regulatory environment that protects consumers and the traditional financial system.

In her opening remarks at a scheduled hearing, Warren plans to criticize the principles recently proposed by her Republican colleagues, which she believes cater excessively to the crypto lobby. 

She will assert that these proposals could undermine existing securities laws and create loopholes that allow market turmoil to affect conventional financial institutions. “I’m concerned that what my Republican colleagues are aiming for is another industry handout,” Warren intends to say.

According to a recent report by The Hill, Warren’s crypto framework advocates for the application of established protections and anti-money laundering regulations to the digital asset sector. 

The crypto-skeptic Senator will also demand measures to counteract potential corruption linked to presidential involvement in cryptocurrency ventures. “If we’re going to provide rules of the road for crypto, we need to shut down this superhighway for presidential corruption at the same time,” she plans to declare.

Modernized Digital Asset Rules

Warren’s approach stands in stark contrast to the principles laid out by Senate Banking Chair Tim Scott and his Republican colleagues, including Senators Cynthia Lummis, Thom Tillis, and Bill Hagerty, who have focused on fostering innovation within the crypto space. 

Their proposals, announced in late June, call for modernizing regulations to promote innovation while ensuring that measures against illicit finance remain effective yet not overly burdensome. They advocate for a regulatory environment that is welcoming to technological advancements.

However, investors are looking forward to Lummis’s Bitcoin stockpile bill because it could lead to a significant increase in buying pressure from the US. This would add to their existing BTC vault, which contains assets that the country’s authorities have already seized.

The Senate’s evolving stance on cryptocurrency legislation comes as it prepares to introduce a comprehensive market structure bill. This follows the passage of the GENIUS Act, which seeks to establish a regulatory framework specifically for stablecoins and is set to be considered by the House next week. 

The broader market structure legislation aims to delineate oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Scott and Lummis have indicated their goal to pass the market structure bill by the end of September, moving the timeline back from an earlier August deadline. 

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

Bitcoin reached a new all-time high yesterday, briefly pushing above the $112,000 mark and confirming bullish sentiment across the market. This move has reignited optimism among investors, with many now eyeing a potential breakout into price discovery. The rally comes as Bitcoin has held strong above key support levels in recent weeks, defying bearish expectations and maintaining upward pressure. However, not everyone is convinced.

Some analysts argue that this breakout might be a short-lived fakeout rather than the beginning of a sustainable rally. With volatility still low and macro conditions stable, opposing views are calling for caution, warning that BTC could retrace and re-enter its prior range below resistance.

Top analyst On-Chain Mind weighed in by highlighting an important on-chain signal: HODL Momentum is trending back downwards. The downward shift in this metric suggests that fewer long-term holders are distributing into this rally, which is generally a bullish sign.

Bulls Eye Breakout As HODL Momentum Strengthens

After reaching a new all-time high just above $112,000, Bitcoin is now consolidating beneath this key resistance level. Bulls are clearly in control, but the market is awaiting a clean, sustained breakout above $112K to confirm the next leg of the rally. So far, BTC has maintained strength above prior support zones and continues to trade in a tight range, hinting that a decisive move is imminent.

Macroeconomic developments remain supportive of risk assets. The U.S. Congress passed President Donald Trump’s highly anticipated “big, beautiful” bill just before the July 4 deadline. This legislation includes substantial tax cuts and aggressive spending measures, which are expected to drive inflationary pressure, conditions that historically benefit Bitcoin. Additionally, strong labor market data in the US has improved investor sentiment, helping to anchor bullish expectations.

Adding to the positive outlook, on-chain data offers compelling evidence of long-term confidence. On-Chain Mind points out that HODL Momentum is now trending downward. This indicator measures the relative strength of Bitcoin holders who have kept their coins unmoved for more than one year. A decline in this metric suggests that long-term holders are not distributing into the rally, an encouraging sign for bulls.

This behavior implies strong conviction and a willingness to hold through volatility, rather than locking in gains prematurely. Historically, when long-term holders choose to stay put while prices climb, Bitcoin tends to experience powerful upward extensions. As the market digests macro shifts and psychological resistance, all eyes remain on the $112K level for confirmation. If broken cleanly, it could mark the beginning of a fresh surge into uncharted territory.

BTC Price Analysis: Holding the Breakout Zone

Bitcoin is trading at $111,079 on the 12-hour chart after briefly pushing above the $112,000 mark, marking a new all-time high before slightly retracing. Despite the pullback, BTC is still holding well above the previous resistance level at $109,300, which is now acting as support. This structure confirms a breakout attempt, and bulls are now tasked with maintaining momentum for further upside.

The chart shows increasing volume during the breakout, indicating strong market participation. The price also remains above the 50-, 100-, and 200-period moving averages, all of which are sloping upward, suggesting bullish continuation. As long as Bitcoin continues to close candles above the $109,300 support, the breakout remains valid.

The 12-hour structure also highlights a higher-low pattern dating back to late June, adding strength to the bullish setup. A successful defense of current levels could pave the way for a clean retest of $112,000, and potentially send BTC into price discovery territory.

However, failure to hold the breakout zone could result in a drop toward $106,800 or even $103,600, where previous support and moving average confluence sit. For now, the market is watching closely for confirmation of this breakout as bulls attempt to maintain control.

Featured image from Dall-E, chart from TradingView

XRP investors are at the centre of a securities-fraud class action that accuses former Linqto chief executive William Sarris of secretly imposing mark-ups of up to 60 percent on pre-IPO Ripple shares and other highly sought-after private-company equity like Uphold and Kraken sold through special-purpose vehicles on the fintech’s platform.

The 61-page complaint—Maxwell v. Sarris, filed on 9 July 2025 in the US District Court for the Southern District of New York—alleges that Sarris and unnamed accomplices acted as unregistered broker-dealers, used misleading offering exemptions and failed to deliver legal title to any of the underlying shares.

XRP Army’s Legal Champion Is Back

According to the filing, would-be purchasers were told the SPVs “held the same equity that insiders owned,” yet Linqto neither transferred the stock nor disclosed the hefty mark-ups baked into the purchase price—conduct the plaintiffs say violates Section 10(b) of the Securities Exchange Act and FINRA Rule 2040. Linqto’s own bankruptcy papers, lodged a day earlier in the Southern District of Texas, concede “historical failures to follow US laws governing the sale and marketing of private-company interests.”

Lead counsel John E. Deaton—best known for representing XRP holders in SEC v. Ripple—contends that Sarris “damaged the mission of democratising access to Silicon Valley” and misled ordinary investors: “People believed they were buying shares of Ripple, shares of SpaceX, but that’s not what they were buying.”

Because Sarris is sued in his personal capacity, Deaton argues the litigation is not stayed by Linqto’s Chapter 11 petition of 8 July 2025. The company, now led by chief executive Dan Siciliano, has secured up to $60 million in debtor-in-possession financing and says court oversight is “the only way forward” to emerge as “a profitable, law-abiding organisation” while it cooperates with SEC and FINRA investigations.

Investor outreach has proved challenging. Deaton scheduled an X Spaces session for 7:30 p.m. EST on 9 July, but abandoned the effort after repeated crashes, posting instead: “The spaces keeps crashing. We will set up a conference call early next week via phone line. I won’t do a Zoom link again because it got bombed last time.” He also reassured international users: “Anything I do includes ALL Linqto customers, regardless of where you live.”

Meanwhile, restructuring jockeying has begun. Shareholder Sapien Group says it has marshalled a majority bloc of equity and may seek to dismiss the Chapter 11 case, while Deaton has signalled plans to engage the creditors’ committee—a move endorsed by forensic accountant Rob Loh, who wrote that the panel “will have real power in the bankruptcy process.” Deaton confirmed: “Rob is correct. We will have a real say in what happens in the bankruptcy.”

Regulatory pressure is mounting on multiple fronts: Linqto disclosed parallel probes by the SEC and FINRA, and former chief revenue officer Gene Zawrotny is pursuing a wrongful-termination claim in California state court, alleging retaliation for flagging compliance failures. Deaton is now also turning up the pressure on behalf of the XRP community—particularly those who believed they were purchasing legitimate pre-IPO shares of Ripple.

At press time, XRP traded at $2.42.

Генеральный директор Ripple Брэд Гарлингхаус (Brad Garlinghouse) выступил перед комитетом по банковскому делу, жилищному строительству и городским делам Сената США, заявив, что выпускаемая его компанией криптовалюта XRP не должна считаться ценной бумагой.

Ripple CEO Brad Garlinghouse delivered a notable testimony before the Senate Committee on Banking on Wednesday, emphasizing the need for clear regulatory frameworks in the cryptocurrency industry. 

Ripple’s Vision

Garlinghouse began his intervention by noting that with over a decade of experience, Ripple, the company associated with XRP, aims to create an “Internet of Value,” where money transfers seamlessly, akin to the movement of information. 

Garlinghouse highlighted that Ripple’s software solutions are designed to enhance cross-border payments, support stablecoins, and improve digital custody for financial institutions, ultimately benefiting consumers and the global economy.

Central to Ripple’s operations is the XRP Ledger (XRPL), a decentralized blockchain that facilitates fast and cost-effective transactions through its native digital asset, XRP. 

Garlinghouse noted that Ripple has consistently chosen to engage with policymakers and regulators, adopting a compliance-first approach. The company holds over 60 licenses for payment services and cryptocurrencies, both domestically and internationally.

Calls For Clear Crypto Regulations

When it comes to regulation, Garlinghouse outlined several foundational principles for effective cryptocurrency legislation. He stressed the importance of protecting consumers from fraud, ensuring proper oversight in markets, regulating bad actors, and fostering innovation. 

He argued that a well-structured regulatory framework for digital assets and stablecoins would not only expand access to financial markets but also create jobs and stimulate economic growth, positioning the US as a leader in blockchain technology.

Garlinghouse pointed out that the ongoing legal and regulatory uncertainties surrounding cryptocurrency have stifled meaningful progress in the US. 

He shared Ripple’s experience as a target of regulatory enforcement, particularly when the US Securities and Exchange Commission (SEC) filed a lawsuit against the company in 2020. 

After a lengthy legal battle, Ripple achieved a favorable ruling, affirming that XRP is not inherently a security. This victory, he argued, has paved the way for other companies in the industry to assert their rights.

Can Congress Propel America To Crypto Greatness?

Despite facing significant challenges, Ripple remains committed to educating and collaborating with lawmakers. However, Garlinghouse urged Congress to enact smart and principled legislation that sets clear jurisdictional boundaries for primary financial regulators. 

Highlighting the US’s potential as a leader in the digital asset space, Garlinghouse pointed to the nation’s deep capital markets and technical talent. He noted that over 55 million Americans are involved in the crypto economy, contributing to a market cap of approximately $3.4 trillion. 

According to him, a comprehensive regulatory framework for cryptocurrency is essential to unlock efficiencies in financial transactions and enhance competitiveness in the global market.

In closing, Garlinghouse called for the Senate to prioritize the passage of market structure legislation for digital assets. He believes that such legislation will usher in a new era of US leadership in cryptocurrency, benefiting both consumers and businesses.

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

On July 8, the first US-listed spot Solana ETF – Rex-Osprey Solana + Staking ETF (SSK) – recorded $21M in net inflows. Impressively, this pushed its total inflows to a hefty $41.2M in the first four days of launching.

That single-day surge surpassed the $2.02M raised in the previous three trading sessions, effectively more than doubling the total inflows into the ETF.

This is fantastic news for Solana. SSK’s ability to attract more users and capital significantly boosts the network’s visibility, liquidity, and overall credibility, positioning it for even greater success moving forward.

As such, it’s highly bullish for Solana-based projects, like Snorter Token ($SNORT). Already, it has nearly raised $1.7M owing to being the backbone of a novel Telegram trading bot slated to launch in Q3 2025.

Solana ETFs Still Lag Behind Bitcoin & Ethereum

Still, SSK’s footprint remains relatively small compared to Bitcoin and Ethereum ETFs.

Despite doubling on July 8, the $41.2M in inflows represents just 0.5% of Solana’s market cap, far below Bitcoin’s 0.34% and Ethereum’s 0.3% penetration rates during their ETF launches.

This gap primarily stems from SSK’s structure. Around 40% of its assets are tied to offshore Solana ETFs, whereas the rest is directly invested in $SOL.

Also not working in its favor is that it carries the highest fee amount of other US crypto ETFs at 0.75%. Additionally, it launched with a $600K seed basket (the initial pool of assets), far less than the $300M+ seeded by ETF giants like Fidelity and BlackRock.

The SSK ETF’s impressive doubling highlights the growing early institutional interest in Solana.

Should the SEC approve pending Solana ETF applications from Franklin Templeton, VanEck, and Grayscale, it could trigger a fresh wave of capital into the network.

As demand for the blockchain continues to rise, Solana-based projects like $SNORT are poised to benefit from the increased activity. Now could be the perfect time to explore these low-cap opportunities before they gain significant traction.

Snorter Bot Telegram Trading Bot Eyes Solana Debut

$SNORT is the backbone of Snorter Bot, a crypto trading bot currently under development.

Built directly on Telegram, it promises to make trading the best meme coins faster, safer, and easier.

The bot will enable you to manage every part of your trading strategy from the fourth-largest messaging app worldwide: spot new tokens, snipe launches, place trades, and set stop losses.

All will be achieved without compromising security. Snorter Bot will include real-time honeypot detection, rug pull alerts, and MEV protection. By doing so, it’ll shield you from malicious tokens and front-running attacks so that you don’t get caught off guard.

Given that $2.2B in crypto was stolen last year, protective trading platforms like Snorter Bot have never been more necessary.

It’ll initially go live on Solana to take advantage of the network’s low fees and high-speed transactions. After that, it’ll expand to EVM-compatible chains like Ethereum, BNB Chain, Avalanche, and Arbitrum.

With fees as low as 0.85% for $SNORT holders, it’ll undercut top trading bots like Trojan and Maestro, which typically charge 1%.

Beyond granting reduced fees, $SNORT also unlocks governance rights (anticipated around Q4 2025), additional premium features, and high-yield staking rewards, currently offering a 218% APY, which is not to be overlooked.

In fact, there’s no better time to lock up some $SNORT. As more investors join the project, this percentage is likely to decrease, resulting in higher returns while also enhancing the ecosystem’s sustainability.

It’s no wonder $SNORT has quickly raised $1.6M+ on presale in just a few months and shows no signs of slowing down.

Buy $SNORT for Possible 861% Returns

Solana’s recent ETF inflows are a clear sign of growing institutional interest, signaling a strong upward trend for the network.

With the potential approval of more ETF applications by the SEC, even greater capital could flow into the blockchain. This bodes well for Solana-based projects like Snorter Token ($SNORT), which stand to benefit from the increased activity and investment.

You can buy $SNORT on presale for as low as $0.0977 to get the most out of the Snorter ecosystem.

Once listed on the best crypto exchanges, as promised around the end of the year, it’s projected to hit $0.94. Thereby, there’s no better time to join for potential 861% gains.

This is not financial advice. Always do your own research (DYOR) and make informed decisions based on your own risk tolerance. Never invest more than you can afford to lose, as the markets can be volatile and unpredictable. Your financial future is in your hands, so take the time to evaluate opportunities carefully

Резервный банк Австралии (RBA) объявил, что пилотный проект тестирования цифрового австралийского доллара перешел на второй этап, где будут изучаться возможности монеты при токенизированных расчетах. Проект носит название Acacia.

With the crypto market in recovery, meme coins like Dogecoin and Shiba Inu are expected to start seeing major upside due to their hype-driven nature. However, these two leading meme coins seem to have grown too big for investors’ appetites, leading investors to smaller meme coins for better gains. One such meme coin, FLOKI, has been gaining ground as one of the top meme coins that could see a major rally soon as the stars begin to align.

FLOKI Gearing Up For 300% Surge To ATHs

In an X (formerly Twitter) post, crypto analyst $SHIB KNIGHT pointed out an interesting formation on the FLOKI price chart. According to the analyst, the meme coin is already setting up for a major move after forming a Bullish Falling Wedge pattern on its weekly chart. Historically, the formation of this bullish falling wedge pattern signals that a bottom has been reached and it’s time for a move up.

In addition to this bullish formation on the FLOKI price chart, there is also the fact that the meme coin has been putting in higher lows lately. This began after it hit a low just above $0.00006 following the price crash that rocked the crypto market over the last month. Since then, there have been some pullbacks, but the meme coin has not fallen below this bottom.

If this bullish pattern holds and the crypto market maintains its uptrend, then the analyst predicts an over 300% rally for the FLOKI price. At the time of writing, the meme coin’s price is still trending just above $0.00008, but the crypto analyst sees it exploding to as high as $0.0004 once the breakout is complete.

The FLOKI price all-time high is $0.0003462, reached back in June 2024, according to data from CoinMarketCap. Therefore, a rise to $0.0004 would mean a new all-time high, making it one of the best candidates among the leading meme coins in terms of returns.

The Meme Coin For Max Gains

Just like $SHIB KNIGHT, another crypto analyst, The Crypto Express, has called out FLOKI as a meme coin that could start rallying soon. The analysis pointed to a breakout of the descending broadening wedge pattern with significant volume, showing a lot of interest in the meme coin.

With this newfound bullish momentum and the 50-day Moving Average (MA) providing support for the meme coin, FLOKI looks ready to explode. The analyst explained that if a successful retest of this breakout level above $0.000084 is confirmed, then it could signal a continuation of the breakout.

In the same vein, another analyst, Cryptorphic, paints a bullish rally to $0.00011533 following the breakout of a falling wedge structure. Once reached, this target would form the next resistance to beat in the campaign for new all-time highs.

Пострадавший кредитор банкротящейся криптобиржи FTX из Китая по имени Вэйвэй Цзи (Weiwei Ji) оспорил ходатайство компании о приостановке выплат компенсаций резидентам из 49 юрисдикций, включая КНР, Россию и Украину.

Курс биткоина на нескольких крупных биржах взял новый рекордный максимум в $112 055. За сутки первая криптовалюта выросла в цене более чем на 2% — с отметки $109 000. Эта отметка последние недели оставалась главным уровнем сопротивления монеты.

On-chain data reveals the Bitcoin holder groups are largely participating in distribution, but one key cohort is showing strong accumulation instead.

Bitcoin Accumulation Trend Score Says 1,000 To 10,000 BTC Holders Are Buying

In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the Accumulation Trend Score is looking for the various Bitcoin investor cohorts.

This indicator tells us about whether the Bitcoin holders are accumulating or distributing right now. It takes into account for two factors when determining this: the balance changes happening in the wallets of the investors and the size of the wallets involved.

The metric represents the market behavior as a score lying between 0 and 1. Naturally, as the wallet size is also considered, larger entities have a bigger influence on this score.

When the indicator is under 0.5, it means the large investors (or a large number of small entities) are taking part in distribution. The closer is the value to 0, the stronger is this behavior.

On the other hand, the metric being above the mark suggests the market is in a phase of accumulation. For this side of 0.5, the extreme point lies at 1, corresponding to the strongest possible buying behavior.

Now, here is the chart shared by Glassnode that shows the trend in the Accumulation Trend Score separately for the different segments of the Bitcoin userbase:

As is visible in the above graph, the Bitcoin Accumulation Trend Score leans towards being red for most of the investors, indicating that distribution is being followed.

The cohort that’s displaying the strongest selling behavior is the 1 to 10 coins one. This group includes the retail hands, who are among the smallest of entities on the network.

While the market as a whole has been distributing, one cohort has stood out: the 1,000 to 10,000 BTC holders. At the current exchange rate, the bounds of the range convert to $109.5 million at the lower one and $1.095 billion at the upper one. Thus, this group represents the big-money traders, popularly known as the whales.

From the chart, it’s apparent that the Accumulation Trend Score of the cohort is very close to 1, suggesting that these humongous entities are showing near-perfect accumulation behavior.

The trend is in sharp contrast to what the retail investors are displaying. “This divergence highlights a clear split in conviction between small and large holders,” notes the analytics firm.

It now remains to be seen whether the bullish conviction being shown by the whales would pay off, or if the investors exiting now would turn out to be the smart ones.

BTC Price

At the time of writing, Bitcoin is floating around $109,500, unchanged from one week ago.