As we tiptoe through the tulips of finance, Ethereum (ETH) was hanging out around $2,975, sipping on the remnants of a 17% weekly gain. Traders, like children at a candy store, are glued to the legislative proceedings of the US House, where the GENIUS Act is the hot topic of discussion. This bill, if it receives the holy nod, might just pivot regulations on stablecoins and rain riches on Ethereum’s doorstep.
But first, a brief digression: for those seeking a more… let’s say, clairvoyant perspective on XRP’s future prospects, we recommend a perusal of our companion piece, “Ripple Price Prediction As ProShares XRP ETF Launches on July 18.” 🔮
High whale activity on Binance and profit-taking by long-term holders may increase selling pressure and volatility.
Ripple, one of the largest payment-driven companies in the cryptocurrency world, is reportedly making moves to expand the reach of its stablecoin product, Ripple USD (RLUSD). According to reports
Ah, but let us not be fooled by this celestial uprising that seems parabolic in nature; rather, it unfurls before us as a tapestry woven of transformed public sentiment. Once languishing beneath a paltry $60—a mere shadow of its current splendor, victim to the dark gremlins of dwindling volumes and the ever-tentacled regulatory conundrums—it appears Coinbase has undergone a resurrection akin to Lazarus. And what might this enchanting feat owe itself to? Why, the mighty Bitcoin, of course! 💰
While the market currently wears a cotillion of bullish charm, hints of short-term consolidation waft through the air, like a fragile wisp of perfume at a grand soirée that promises yet another grand entrance.
On the fateful day of July 14, as the sun rose, casting its golden glow upon the unsuspecting crypto world, SharpLink decided it was time to add a mere 24,371 ETH to its already overflowing treasure chest, all for a risque average price of $2,695. According to a tome of data known as EmberCN, this little shopping spree totalled up to a staggering $73.2 million—yes, you read that right, enough to make a less-than-happy accountant faint! 💥
As Bitcoin soars to dizzying new heights, reaching an all-time high (ATH) of $123,100, this whale has finally stirred, sending shockwaves through the market. Is it preparing to take a massive profit, or is something more sinister at play? 🤔
This transformation includes a treasury model built around HYPE, with plans to hold over 12 million tokens and retain $305 million in cash—bringing the combined value of assets to a whopping $888 million. 💰
Sui’s impressive seven-day run continued on Monday as it grazed the $4 mark, while leapfrogging Chainlink
LINK
$15.87
24h volatility:
0.2%
Market cap:
$10.75 B
Vol. 24h:
$707.37 M
and Cardano
ADA
$0.74
24h volatility:
1.0%
Market cap:
$26.65 B
Vol. 24h:
$1.60 B
to become the thirteenth largest cryptocurrency by market capitalization. While Bitcoin’s
BTC
$120 047
24h volatility:
0.9%
Market cap:
$2.39 T
Vol. 24h:
$67.78 B
record-breaking rally to all-time high of $123,500 dominated newsreels, SUI has benefited from the resulting explosion in demand for DeFi services. 🚀
