qfx

A certain Ali Martinez—who, by what I can tell, spends his days wrangling charts instead of cattle—says DOGE is still sitting pretty if the bulls don’t fall asleep at the wheel. This here Martinez fellow hopped on his soapbox July 5 over on X (which, if you ask me, sounds like a name for a bar in a ghost town), reminding folks that so long as DOGE hangs on above the $0.150 fence line, there’s hope yet. Seems there’s a trend line older than some riverboats, stretching way back into 2023, and every time DOGE boots up against it, it gets downright stubborn about going any lower.

In an X post on July 4, popular market analyst Burak Kesmeci shares an interesting insight on the Ethereum market. Using data from Tradingview, Kesmeci observes ETH has held an MVRV value between 1.20-1.25, indicating a strong market uncertainty despite investors retaining a modest profit.

As the name suggests, the MVRV (Market Value to Realized Value) ratio compares an asset’s current market value (MV) to its realized value (RV), which reflects the average price at which the asset was last moved on-chain. It is a key indicator used to assess whether an asset is overvalued or undervalued. An MVRV >1 indicates that investors are in profit, holding unrealized gains indicating significant potential for profit taking, while an MVRV <1 suggests investors are at a loss presenting a good time for accumulation as the asset is undervalued.

The vote, which is in the project governance forum, aims to get the approval of the WLFI token holders to allow them to trade tokens outside of the closed ecosystem of the platform. In the event that this change is approved, it would enable investors to sell or trade their tokens in secondary markets that could, in turn, enhance liquidity and price discovery.

Whale accumulation and social media engagement also contributed to the bullishness behind the token.

Enter Raelene Vandenbosch, an unsuspecting citizen who suddenly found herself in a real-life episode of CSI: Mobile Kiosk Edition. Raelene claims (with paperwork to prove it) that an employee at her local mobile store gave her private info to someone as trustworthy as a raccoon at a campsite. The scammer promptly took over her phone number in what experts technically call “Good Old-Fashioned Nefarious Shenanigans.” Using Raelene’s phone like an express lane to crypto millions, the attacker transferred her SIM details and emptied her digital wallets faster than you can say, “Wait, what’s my password again?”

Tokenizing reality — yes, darling, those dull things like bonds and equities — is being hailed as the next trillion-dollar soirée. Of course, Ethereum still lords over this ballroom, clutching its fan and muttering about “legacy.” Yet Solana, fresh-faced and scandalously fast, sashays across the floor with block times so short one barely has the time to sigh, and fees so low the word “gas” might as well be reduced to a footnote or a slightly embarrassing bodily function. Ethereum, meanwhile, continues to drop coins everywhere like a careless Victorian with holes in her purse, despite the tailor’s many attempts at upgrades.

The speaker of the New York City Council, Adrienne Adams, has announced that the most populous US city is allocating $3 million to a guaranteed income program. 💸

According to Ripple Pundit, the XRP price will skyrocket the moment Ripple makes their banking license public. And, as if that weren’t enough, the SEC’s announcement of droppin’ its appeal will be the icing on the cake. Now, I ain’t no expert, but it seems to me that gettin’ a banking license is a mighty fine way to expand one’s services. And, with XRP bein’ the altcoin of choice for Ripple’s payment solutions, it’s likely to see a whole lot more adoption, especially from them institutional investors.

Our dear Bitcoin (BTC) was trading at a modest $108,000, a slight dip from this week’s high of $110,000, but still a respectable 10% above the lowest point this month. One mustn’t forget, after all, that even the most glamorous of assets need a moment to catch their breath.