Three leading crypto trade groups urged Congress to pass the CLARITY Act in a July 11 letter to Speaker of the House Mike Johnson and House Minority Leader Hakeem Jeffries. Crypto Trade Groups Urge Congress To Pass Crypto Legislation According to the Friday letter from Blockchain Association CEO Summer Mersinger, The Digital Chamber CEO Cody Carbone and President and Acting CEO of the Crypto Council for Innovation Ji Hun Kim, the three digital asset policy collectives called on U.S. lawmakers to advance the “important” crypto legislation. 1/ United for CLARITY: The 3 leading U.S. digital asset trade groups — @BlockchainAssn , @crypto_council , and @DigitalChamber — are calling on Congress to pass the bipartisan CLARITY Act. It’s time for regulatory certainty. pic.twitter.com/AL7AdtvlQG — Blockchain Association (@BlockchainAssn) July 11, 2025 “The CLARITY Act represents meaningful progress toward the regulatory certainty needed for our industry to foster innovation and for blockchain technology to thrive in the U.S.,” the CEOs said. “Advancing this bipartisan market structure legislation sends a strong message that the U.S. is committed as the global leader in digital assets,” they added. If enacted, the CLARITY would largely see crypto regulatory responsibility delegated from the United States Securities and Exchange Commission (SEC) to the Commodity Future Trading Commission (CFTC). The move would mark a win for crypto proponents after years of the SEC’s regulation-by-enforcement approach and treatment of digital assets as securities. “As the conversation continues, we encourage the Senate to build on the momentum from the House and engage closely with industry stakeholders to bring bipartisan market structure legislation to the Senate floor as soon as possible,” the letter states. “We look forward to continuing to work with both chambers to help ensure U.S. leadership in digital assets.” Congress Braces For Dueling Crypto Weeks The blockchain trade groups’ letter comes ahead of the Republican Party’s purported “Crypto Week” on Capitol Hill. However, Democratic lawmakers Maxine Waters and Stephen Lynch unveiled on Friday that they would be launching their own “Anti-Crypto Corruption Week” in opposition to Republicans’ crypto legislative efforts. “My Republican colleagues are eager to continue doing the bidding for the crypto industry while conveniently ignoring the vulnerabilities and opportunities for abuse that exist in crypto,” Congressman Lynch said. The post Key Crypto Trade Groups Call For CLARITY Act’s Passage appeared first on Cryptonews .

2025-07-12 08:00

Ranking member of the House Financial Services Committee Maxine Waters (D-CA) Congressman Stephen Lynch (D-MA) announced July 11 that next week will be known as “Anti-Crypto Corruption Week” on Captiol Hill. Democrats Push Back On GOP Crypto Week According to the Friday notice posted on the House Financial Services Committee’s website, Democratic lawmakers will be pushing against the Republican Party’s planned “Crypto Week” in opposition to their political opponents’ mobilization to pass crypto legislation. NEW: To counter the GOP’s “Crypto Week,” Reps. @RepMaxineWaters & @RepStephenLynch are launching “Anti-Crypto Corruption Week,” rallying Dems to block the GENIUS Act, CLARITY Act & Anti-CBDC bill — warning they pave the way for what they call Trump’s crypto corruption. pic.twitter.com/kpT6JpTEKx — Eleanor Terrett (@EleanorTerrett) July 11, 2025 Specifically, Waters and Lynch called out both the CLARITY Act and the GENIUS Act by name in the notice, going so far as to call the proposed rulemaking “dangerous pieces of crypto legislation.” The two U.S. lawmakers also took aim at U.S. President Donald Trump’s crypto ventures , claiming his dive into the world of digital assets is merely a part of his “evil and corrupt crypto empire.” “Aside from lacking urgently needed consumer protections and national security guardrails, these bills would make Congress complicit in Trump’s unprecedented crypto scam – one that has personally enriched himself, his entire family, and the billionaire insiders in his cabinet, all while defrauding investors,” Waters said. Donald Trump’s Digital Asset Ventures Questioned Trump has garnered increased scrutiny in recent months over his affiliation with novel crypto platform, World Liberty Financial, over their new USD1 stablecoin as well as his the launch of his namesake memecoin $TRUMP. Critics of Trump’s ties to the blockchain sector allege that his Trump-affiliated cryptocurrencies may pose ethics concerns as anyone – including those involved in foreign governments – may purchase and hold the coins. “My Republican colleagues are eager to continue doing the bidding for the crypto industry while conveniently ignoring the vulnerabilities and opportunities for abuse that exist in crypto – especially given President Trump’s acceptance of billions of dollars in investment in his family crypto business from foreign governments and his blatant conflicts of interest,” said Congressman Lynch. The post Democratic Lawmakers Announce Anti-Crypto Corruption Week In Blow To GOP’s Crypto Week appeared first on Cryptonews .

2025-07-12 03:22

Pi Coin continues its relentless decline despite the broader cryptocurrency market experiencing unprecedented gains, with Bitcoin reaching new highs of $118,000 and Ethereum breaking $3,000 . The token that once attracted millions of followers now trades at $0.465 , dangerously close to its all-time low of $0.400 . Even the recent Pi2Day celebration failed to inject momentum into the struggling altcoin, which has suffered a devastating 26.4% decline over the past two weeks. The technical indicators paint an increasingly bearish picture for Pi Network. The cryptocurrency has established a negative correlation of -0.27 with Bitcoin, meaning it moves in the opposite direction to the market leader. Technical Outlook: Pi Network Still Bearish – But a Breakout Could Flip the Script Pi Network remains locked in a firm downtrend, trading within a descending channel that has defined price action since its post-launch peak. Each rally attempt has failed at the upper boundary of the channel, reinforcing it as a strong resistance zone. Source: TradingView The volume profile also shows muted participation, with declining volume throughout the downtrend, suggesting that buyer conviction remains low. Despite that, the RSI has climbed to 55.46 – a neutral but improving signal that could indicate momentum is starting to shift. While the current setup still leans bearish, a confirmed breakout above the descending channel could trigger a sharp reversal. In that scenario, PI could target key resistance levels at $0.98, $1.38, and $1.67 – with the potential for a sustained recovery if bullish momentum builds. Best Wallet Offers Superior Value in Current Market Conditions While Pi Coin struggles with declining momentum, Best Wallet is quickly emerging as a smarter alternative for investors seeking utility and growth. Its latest update added full Bitcoin support and multi-chain functionality, making it a strong contender in the current market rally. The $BEST token unlocks reduced fees, presale access, airdrops, and staking rewards, while users can also earn by completing quests and exploring GameFi. Best Wallet offers top-tier security, fiat on/off ramps, and upcoming features like a crypto debit card and portfolio tools. A standout feature is “Upcoming Tokens,” which lets users discover new crypto projects before they hit the public market. With real utility and a growing ecosystem, $BEST is one of the most promising presales to watch right now. To find out more, you can visit the official Best Wallet website here . The post Pi Coin Price Prediction: Crashing Toward All-Time Low – Is PI Going to $0? appeared first on Cryptonews .

2025-07-11 21:21

Dogecoin has reclaimed the spotlight as the original meme coin surges back above the $0.20 threshold following exactly one month of consolidation. Fibonacci extension levels now indicate an ambitious $4 target, with trading volume returning to the market amid Bitcoin’s historic price highs. Currently trading at $0.199 after experiencing a minor pullback, DOGE maintains a 10% daily gain while extending its weekly performance to 19.61%. $7.6 Billion Futures Bet on Dogecoin Rally As Analysts Agree DOGE is Primed for 2000% Breakout One of the most remarkable aspects of this rally is Dogecoin’s consistent trading volume, which has surpassed that of higher-ranked cryptocurrencies like Binance Coin (BNB) . For perspective, DOGE recorded over $2.5 billion in trading volume with a market capitalization of $29.8 billion, while BNB generated $2.3 billion in volume despite its substantially larger $95.8 billion market cap. Source: CoinMarketCap Moreover, market sentiment suggests sustained interest in DOGE’s upward trajectory. In the futures market, over $7.6 billion has been traded within the past 24 hours, with positions betting on DOGE’s continued ascent. Source: Coinglass Open interest for Dogecoin remains decidedly positive, with approximately $2.7 billion in capital backing the meme coin over the last 24 hours. This heightened level of interest has prompted seasoned investors and analysts to believe Dogecoin can revisit its $0.7376 all-time high, achieved in 2021. Prominent DOGE investor “doge god” shared a chart projecting a Dogecoin rally to $3.80. Trader Alan also confirmed that the BTC/DOGE chart, along with the M2 money supply, are lagging indicators, positioning Dogecoin to catch up in the coming weeks. #Dogecoin to Bitcoin chart might show a God candle this month $DOGE season is coming $DOGE / $BTC / M1 pic.twitter.com/LYJGrTfFYt — Trader Tardigrade (@TATrader_Alan) July 11, 2025 Can the DOGE Army Awaken to Push $4 Fibonacci Target? For Dogecoin to reach the $4 Fibonacci target, the DOGE community, popularly known as the “DOGE ARMY”, would need compelling reasons to mobilize, as they have repeatedly demonstrated their unmatched influence in the meme coin market. One of the movement’s most prominent long-term supporters is Tesla and X CEO Elon Musk, who has consistently advocated for the cryptocurrency. In April 2021, following Dogecoin’s historic highs, Musk posted that “SpaceX is going to put a literal Dogecoin on the literal moon,” referencing the popular crypto slang “to the moon.” A year later, the SpaceX founder reaffirmed his commitment to supporting Dogecoin’s growth. I will keep supporting Dogecoin — Elon Musk (@elonmusk) June 19, 2022 On the technical front, the DOGE/USDT 4-hour chart displays a breakout from a descending channel, signaling a reversal from recent bearish momentum. This bullish breakout is reinforced by a rising RSI, which has crossed above the 70 level, indicating strong buying pressure and potential for continued upward movement. Source: TradingView Additionally, the MACD histogram has turned positive, further supporting the bullish momentum thesis. Price currently hovers around $0.1985 and appears positioned to target the next key resistance zone near $0.30. Should momentum persist, DOGE could rally toward the $0.43–$0.45 region, which represents a previous high. A continuation beyond that level opens the path for a move toward $0.50 and eventually $0.58, aligning with the projected trajectory analysis. A short-term pullback may occur around $0.30 before the uptrend resumes, but the overall structure remains decidedly bullish. Snorter AI Bot Raises $1.74M to Snipe Low-Cap Meme Coin Gems With meme coins returning to traders’ radar, particularly on the Solana network, many have already positioned themselves as favorites like BONK, WIF, PENGU, and FARTCOIN . However, the most exciting opportunities in bull runs typically come from low-cap meme coins that lack centralized exchange listings, as these often generate the highest returns for traders. This means traders must purchase directly from DEX markets , which can present technical challenges. An AI-powered Telegram bot called Snorter Bot has emerged to simplify the process of sniping tokens directly from DEX markets. Source: Sonrter Bot The presale has already raised $1.74 million, with its native $SNORT token currently priced at $0.0979. To purchase $SNORT, visit the Snorter Token presale site , where you can use SOL, ETH, BNB, USDT, USDC, or even a credit card for transactions. The post Dogecoin Price Prediction: Fib Extension Flashes $4 Target – How Quickly Can DOGE Get There? appeared first on Cryptonews .

2025-07-11 20:53

This past week has seen U.S. crypto policy thrust back into the spotlight — but not just in the legislative chambers. A political feud between two of the most influential names in tech and governance — Donald Trump and Elon Musk — spilled out onto social media, while regulatory milestones unfolded in the Senate and Treasury Department. The conflicting headlines reflect a reality that the crypto sector knows all too well: when it comes to digital asset policy in the United States, clarity remains elusive. Trump Slams Musk Amid New Political Party Formation U.S. President Donald Trump’s war of words with Elon Musk took a sharp turn this week, as the president publicly criticized Musk over the formation of a new political party. U.S. President Donald Trump called tech billionaire Elon Musk a "train wreck" in a social media post on Sunday. #DonaldTrump #ElonMusk https://t.co/aDoUhWXSVR — Cryptonews.com (@cryptonews) July 7, 2025 On July 6, Trump lashed out on Truth Social, calling Musk a “train wreck” who had gone “off the rails” over the past five weeks. This response followed Musk’s July 5 post on X (formerly Twitter) announcing the launch of the “America Party.” Trump, a long-time critic of third-party movements, said Musk’s efforts would lead only to “disruption and chaos,” arguing such ventures have never succeeded in the U.S. political landscape. The clash marks an escalation in what appears to be a growing political and ideological rift between two powerful figures with vested interests in the future of technology, freedom of speech, and digital assets. Trump also took aim at the Democratic Party, accusing them of losing both their “confidence and their minds” in the ongoing cultural and financial shifts, particularly regarding crypto policy. Digital Assets Are Not Going Away, Senator Tim Scott Says Meanwhile, constructive progress on crypto regulation was unfolding in Washington. Senate Banking Committee Chairman Tim Scott (R-SC) led a July 9 hearing titled “From Wall Street to Web3” —the Senate’s first full committee hearing focused on digital assets. In his opening remarks, Scott stressed that blockchain technology and digital assets are here to stay. He urged fellow lawmakers to build a robust and balanced regulatory framework that protects investors while allowing innovation to thrive. Senator Tim Scott told his fellow U.S. lawmakers that digital assets are not going away in a committee hearing on Wednesday. #TimScott #Senate https://t.co/8Akk1p8zrs — Cryptonews.com (@cryptonews) July 10, 2025 Scott’s comments were supported by testimony from Ripple CEO Brad Garlinghouse, Blockchain Association’s Summer Mersinger, and Chainalysis co-founder Jonathan Levin. He stressed the need for America to maintain a leadership role in shaping the future of digital finance, rather than ceding influence to jurisdictions like the UAE and Singapore. The hearing highlighted bipartisan acknowledgment that digital asset markets require clearer regulatory guidance, even as lawmakers differ on the methods of implementation. US Treasury Officially Scraps Crypto Broker Reporting Rules In a move for DeFi advocates, the U.S. Treasury Department has officially repealed a controversial broker reporting rule. The regulation, originally introduced under the Biden administration in late 2024, sought to impose broker-level reporting requirements on entities involved in decentralized finance and crypto infrastructure. However, following a successful challenge under the Congressional Review Act—and a signature from President Trump—the rule has now been nullified. The scrapped rule, titled “Gross Proceeds Reporting by Brokers,” would have gone into effect in February 2025 and required extensive data collection from DeFi platforms. Its repeal has been welcomed by industry groups, who saw the rule as overly broad and detrimental to innovation. The Treasury will now revert to pre-2024 guidance, which exempts validators and wallet providers from broker classification, marking a key policy win for decentralized systems. US Banking Regulator OCC Gets New Chief with Crypto Roots Finally, regulatory leadership is taking a crypto-savvy turn. Jonathan Gould, a former Bitfury executive with deep experience in blockchain and financial policy, has been confirmed as the new head of the Office of the Comptroller of the Currency (OCC). Approved by a 50-45 Senate vote, Gould becomes the OCC’s first permanent chief since 2020. Gould’s appointment shows a potential shift in how the U.S. banking regulator approaches digital asset oversight. During his prior tenure at the OCC under the Trump administration, Gould helped shape key positions on fintech and crypto integration in banking. With his return, stakeholders hope the agency will adopt a more innovation-forward stance—especially as traditional banks explore blockchain-based products such as tokenized deposits and on-chain settlement rails. Together, this week’s events reflect the growing entanglement between crypto, regulation, and politics. Whether through partisan clashes or bipartisan hearings, the evolution of U.S. digital asset policy is entering a more complex and consequential phase. The post Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried appeared first on Cryptonews .

2025-07-11 20:43

The Pepe price has surged by 15% in the past 24 hours, rising to $0.00001282 as the cryptocurrency market as a whole posts a 2.5% gain today. Prices of most major alts have followed Bitcoin, which hit a new all-time high today of $118,667, and which could set a few new records before the day ends. PEPE has benefitted from this rally along with most major alts, with the meme coin also sitting on a 30% return in a week and a 37.5% increase in a fortnight. And with its trading volume rising by over 10x virtually overnight, more gains could be coming very soon. Pepe Price Prediction: Trading Volume Rockets Overnight – Could PEPE Be the Next $1 Meme Coin? If we look at PEPE’s chart right now, we see that it has broken out of the pennant formed from its medium-term highs and lows. Source: TradingView Even more bullishly, the moving average convergence divergence (orange, blue) has just turned positive, and it could continue rising for a while yet, given previous peaks. We also see that PEPE’s 24-hour trading volume has risen from $600 million only yesterday to $7.6 billion today, marking a massive 1,100% increase. This signals a big influx in demand, and we can also see whales beginning to buy up PEPE in large quantities again, as revealed by on-chain data. Whale 0x06b3 spent $2.68M to buy 227.8B $PEPE 12 hours ago. https://t.co/Z3ltrp7KIc pic.twitter.com/IGMuSGKkpG — Lookonchain (@lookonchain) July 11, 2025 Given that PEPE is still not in an overbought position, now may be a very good moment in which to buy the meme token. Based on technicals alone, it could rise for several more days, if not weeks, before undergoing a correction. Any correction may be somewhat shallow, seeing as how PEPE – like much of the market – had been heavily sold in late January through to early May. Many analysts are now talking up PEPE’s chances of returning to levels it hasn’t seen since early January, with some suggesting that it could even top its ATH of $0.00002803. $PEPE | @pepecoineth Looking good Whats ur price target? https://t.co/PuzbrBOGOE pic.twitter.com/BgqcUUgoKO — Gerla (@CryptoGerla) July 10, 2025 This will be possible if the market can continue its climb, and so long as we don’t hear too much bad news regarding tariffs. Having said that, the recent imposition of tariffs against Canada , for example, has actually caused a flight to safe havens such as gold and Bitcoin, so they may end up being good for crypto. nd if the bull market holds, PEPE adoption accelerates, and a major token burn takes place – a $1 target, while ambitious, may not be entirely out of reach. Trading Bot Snorter Raises $1.7 Million in Presale for Native Token: Is This Crypto’s Next Killer App? If PEPE is not that exciting anymore, traders can consider one of many up-and-coming alternatives, with numerous presale tokens looking very exciting right now. For instance, Snorter (SNORT) is an Ethereum and Solana-based project that is in the process of developing an automated sniping bot. It launched the presale for its SNORT token a few weeks ago, and has now raised just over $1.7 million amid growing investor interest. As an automated sniping bot, Snorter will use AI to discover emerging tokens before they go parabolic, helping users to stay ahead of the market. It will provide several other features, including atomic swaps, limit orders, rugpull protection and copy trading, so that users can mirror the strategies of whales. These comprehensive features help to explain why its presale is taking off, and also why the project has grown a substantial community in a short space of time. Users will need to hold SNORT if they want to access the bot’s capabilities, which should mean that the coin attracts plenty of demand. Investors can buy it now by going to the Snorter website and connecting a compatible wallet, such as Best Wallet . The token currently costs $0.0979, but this will continue to rise periodically until the sale ends, so buyers should act quickly. The post Pepe Price Prediction: Trading Volume Rockets Overnight – Could PEPE Be the Next $1 Meme Coin? appeared first on Cryptonews .

2025-07-11 20:02

The Cardano price has rocketed 15% over the past 24 hours, positioning for further gains as Bitcoin reaches $118,000 all-time highs , with the market increasingly focusing on altcoins like ADA that demonstrate strong fundamentals and promising technical indicators. Currently, ADA is trading at $0.7185, marking a 24% increase over the past seven days and solidifying its position as the 10th largest cryptocurrency by market capitalization at $25.4 billion. The recent rally was accompanied by over $1.7 billion in ADA trading volume, representing a substantial 50.12% increase in a single trading session. Cardano Technical Analysis: Why Analysts Predict “Made in America” ADA Could Hit $100 With ADA successfully breaking above the upper resistance trendline of a falling wedge pattern, analysts are projecting a reclaim of the $1 psychological level in the short term, alongside a potential new all-time high above $3 in the medium term. Additionally, Cardano’s status as a “Made in America” cryptocurrency, which appeared on President Trump’s strategic reserve list mentioned in March, has led many analysts to project an ambitious $100 target for ADA. LONG: $ADA /USDT (1W) Cardano is experiencing a #bullish trend, surpassing MA200. pic.twitter.com/LWqWLIP0sj — CryptostarExpert (@CryptostarExper) July 11, 2025 This ambitious target could materialize over the next few market cycles if Cardano successfully secures multiple ETF listings and establishes strategic partnerships across education, government, and business enterprise sectors . On the technical front, the ADA/USDT 2-week chart displays a strong bullish bounce from the crucial support region between the 0.618 and 0.786 Fibonacci retracement levels, which previously functioned as a demand zone. Source: TradingView Following a consolidation period and rejection wicks below $0.60, the Cardano price has now surged to $0.7176, gaining over 22% in the latest candle formation. This particularly indicates renewed buying interest among investors. The projected trajectory suggests a potential pullback before continuation, targeting a recovery wave toward key resistance levels at $0.9989, $1.2164, and ultimately $1.3795. The Fibonacci structure adds to this bullish outlook, as price action reclaims levels above the golden ratio (0.618), increasing the probability of continuation if momentum remains sustained. Should bulls successfully defend the $0.65–$0.70 region during any minor retracement, ADA could enter a medium-term uptrend targeting the $1.00 psychological zone and higher levels. And with broader adoption expected to accelerate in the coming years, a long-term move toward $100 ADA is no longer out of the question. While ADA Pumps, Smart Money Find 349% APY in Bitcoin Hyper Presale With the crypto market swinging wildly, many investors are now looking for undervalued altcoins with serious upside potential. One new project catching attention is Bitcoin Hyper (HYPER) – the main token powering the first-ever Layer 2 chain built for Bitcoin. Put simply, HYPER is designed to make Bitcoin faster and cheaper by using Solana-style technology behind the scenes. Right now, HYPER is still in its presale phase, meaning early buyers can grab tokens at a discount before they officially launch on public exchanges. Source: Bitcoin Hyper Within just one month, Bitcoin Hyper has attracted over $2.37 million in investments. Early buyers are already benefiting from substantial 349% APY staking rewards. Investors can join institutional whales in acquiring Bitcoin Hyper today at the lowest available price of $0.012225. Time is of the essence, as the price tier increases within the next 30 hours. You can keep up with Bitcoin Hyper on X and Telegram , or join the presale on the Bitcoin Hyper website . The post Cardano Price Prediction: ADA Prepares to Break Out of Descending Channel Pattern – Is $100 ADA Next? appeared first on Cryptonews .

2025-07-11 19:51

Sharplink Gaming has purchased 10,000 ETH directly from the Ethereum Foundation in a $25.7 million deal, making it the largest publicly traded company to adopt Ethereum as its primary treasury asset. The transaction was executed on July 10, 2025, at an average price of $2,572.37 per ETH. According to a statement, the deal was settled on-chain via the Ethereum Foundation’s multisig wallet. NEW: SharpLink has acquired 10,000 $ETH directly from the Ethereum Foundation The purchase closed at ~$25.7M, with $ETH acquired at an average price of ~$2,572 Ethereum is entering a new era of institutional relevance, and we’re proud to support its long-term strength and… pic.twitter.com/ow1e2PXQ1W — SBET (SharpLink Gaming) (@SharpLinkGaming) July 11, 2025 The transaction reflects a growing trend of institutions moving directly into Ethereum rather than through open markets or OTC desks. Ethereum Foundation’s ETH Sale Sparks Debate, But Focus Stays on Ecosystem Growth The Ethereum Foundation confirmed its latest ETH sale, noting that proceeds from the transaction would be used to support its core operations. These include ongoing protocol research, community grants, and the development of infrastructure critical to the Ethereum ecosystem. The Foundation, which has its headquarters in Zug, Switzerland, plays a central role in guiding and supporting Ethereum’s development. Its sales of ETH are relatively infrequent and typically aimed at raising funds for continued network improvements. 0/ Earlier this week, the EF finalized the terms of a 10,000 ETH sale at an average price of $2,572.37 via OTC. For this sale, our OTC counterparty was @SharpLinkGaming . — Ethereum Foundation (@ethereumfndn) July 11, 2025 Sharplink’s direct purchase of ETH from the Foundation—rather than through traditional exchanges or OTC desks—represents a rare and strategic move. The transaction indicates the company’s alignment with Ethereum’s long-term goals and its support for the network through staking and restaking commitments. Joseph Lubin, Chairman of Sharplink and also a co-founder of Ethereum and CEO of Consensys, described the decision as more than a financial transaction. “At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission,” Lubin said. “Sharplink is acquiring, staking, and restaking ETH as responsible industry stewards.” According to Lubin, this marks the beginning of a broader model where mission-aligned organizations directly invest in and support the networks they depend on. The move is intended to reduce circulating supply and help reinforce Ethereum’s security and stability. Earlier today, blockchain data revealed that a suspected Ethereum Foundation address, 0xd779, sold 100 ETH via CoW Protocol. The ETH was first moved from a Gnosis Safe and swapped for 336,475 DAI, which was then transferred to a known Foundation address, 0x9eE4. While the Foundation’s sales are generally operational in nature, their timing and frequency have drawn increased scrutiny. THE ETHEREUM FOUNDATION IS SELLING BUT SHARPLINK GAMING IS BUYING $ETH pic.twitter.com/2PtPN6LGXZ — Arkham (@arkham) July 11, 2025 Throughout 2024, the Foundation has faced criticism from both Ethereum supporters and broader crypto market participants over its periodic ETH sales, especially during periods of underperformance relative to Bitcoin and Solana. Despite the criticisms, on-chain data shows the Foundation still holds approximately 269,000 ETH, valued at just over $900 million. The Foundation has maintained transparency around its treasury management. While some interpret these sales as market-negative, the stated purpose remains ecosystem-focused, aimed at sustaining long-term development and community funding. Ethereum Rally Gains Momentum as Institutional Flows and Supply Shock Fuel $10K Price Target Ethereum’s broader market narrative is quickly aligning with a potential surge in ETH price, with analysts and investors pointing toward $10,000 as a realistic target. Ethereum surged past $3,000 for the first time in five months this week, rising more than 15% in just three days. The move comes as Bitcoin’s record-breaking rally past $118,000 lifts sentiment across the crypto market. Source : Cryptonews But Ethereum isn’t just riding Bitcoin’s coattails; it’s seeing its own wave of momentum fueled by a unique combination of technical strength, institutional inflows, and on-chain dynamics. US spot Ethereum ETFs have recorded five straight days of net inflows, totaling over $623 million. BlackRock’s iShares ETH ETF alone drew $300.9 million on Thursday, setting a new single-day record. #Ethereum Spot ETF flows have remained positive for the 8th consecutive week, with net inflows topping 61,000 $ETH pic.twitter.com/aTANkr4RCy — glassnode (@glassnode) July 7, 2025 Bloomberg analyst Eric Balchunas noted that this was 4x the ETF’s usual volume, calling it a signal of heavy institutional interest. Beyond Wall Street, Ethereum’s fundamentals continue to strengthen. On-chain data shows ETH balances on exchanges are at their lowest in eight years, now sitting at just 13.5%. That’s a signal of a looming “supply shock,” as whales accumulate and withdraw ETH into long-term holdings. Source: Glassnode Wallets holding over 100,000 ETH have added more than 700,000 ETH since late May, reaching a collective total of 18.8 million. This accumulation aligns with increasing investor confidence, as traders are already calling for new highs. One prominent account predicted a breakout past $4,000 this summer, with a potential new all-time high around $5,700. The path to $10,000, he believes, could follow after a short correction post-summer. The $ETH summer roadmap is set: We are headed back to $4k in short order. Maybe pause around that level, and then we go for a new ATH which has measured target around $5.7k. After summer ends, pause for a typical September correction, and then resume the send to $10k. pic.twitter.com/uI4eGluG05 — Chris (@StonkChris) July 10, 2025 Another analyst simply stated, “$ETH IS GOING TO $10,000. And there’s nothing you can do about it.” They called Bitcoin a bubble at $8K. Now they say $ETH is “boring” at $2.4K. Same disbelief. Same setup. Ethereum to $10K+ is inevitable. pic.twitter.com/qedFntgTwH — Merlijn The Trader (@MerlijnTrader) June 25, 2025 Technicals support the sentiment. Ethereum has broken above its 200-day and 200-week EMAs, a historically bullish signal. Weekly RSI remains far from overbought, and trend analysts suggest we are entering “Wave 3” of a five-wave cycle, with targets of $4,000–$5,000 in the near term and $10,000 within reach by early 2026. Whether $10,000 arrives this year or next, the conviction behind ETH’s trajectory is growing stronger. The post Nasdaq-Listed Company Sharplink Bets $25 Million on Ethereum – ETH Price to $10,000 Soon? appeared first on Cryptonews .

2025-07-11 19:45

The Bitcoin price is on fire ($118,000) and Bitcoin Hyper’s (HYPER) Layer 2 solution token is just what the market’s been waiting for to take the Bitcoin ecosystem to the next level. Some say the Bitcoin price breakout has been building for a while, while others think the return of tariff angst is shining a favorable macro light on the top crypto. Others point to the flood of new money coming into crypto from retail, in addition to the demand shock pressure of institutions loading up, as the creation of Bitcoin treasury public companies threatens to hoover up what remains of the limited supply. Whatever the exact cause of the price melt-up, the results are crystallizing a formidable market setup for Bitcoin Hyper token . Bitcoin Hyper has raised nearly $2.4 million and is available to purchase and stake today at the low price of $0.012225. Staking rewards are a super generous 348%. The staking yield is changes dynamically depending on how much deposits there are in the smart contract staking pool, so it pays to move fast. Bitcoin Hyper utilizes a non-custodial bridge, where users deposit Bitcoin on one side. After verifying using zero-knowledge proof cryptography, a wrapped version of BTC is unlocked on the Layer 2 side of the bridge through a minting process. Bitcoin Hyper is an elegant and practical solution to the problem of lack of scalability and the governance quagmire that has prevented Bitcoin from developing its full programmability potential. Bitcoin to $150,000 before the summer ends – HYPER token into hyperspace In the past 24 hours there has been a five-fold increase in spot Bitcoin ETF inflows ($1.175.6 billion) to the second-highest level ever, and open interest in bitcoin options are seeing bets converge on a price target of $150,000 by the end of August. Source: Deribit And that’s before we start on those gestating technicals that have been foretelling a breakout for Bitcoin that is having the effect of propelling the entire market higher, even as stocks start to falter. Glassnode’s accumulation trend score metric signalled that Bitcoin has been in an accumulation regime since the end of April, but has failed to replicate the steep trajectory of the previous two such phases (see chart below). According to Glassnode analysts, the tight trading range of the past couple of months suggested a “moderately strong accumulation regime”, in which market participants saw the price (prior to yesterday’s explosion) as “offering relatively compelling value”. Source: Glassnode Plotted over time, the accumulation trend score (orange line) can presage or coincide with the start of bullish price action: In our third chart (below) from Glassnode, we gain a clearer insight into the extent of the demand shock we are currently experiencing. Long-term holder (LTH) accumulation is outpacing new coin issuance to miners, creating a favorable backdrop for upward price pressure. Source: Glassnode Lastly, in the chart below, the percentage of Bitcoin market capitalization accounted for by spot ETFs is now 6.4%, indicative of the continued integration of crypto with the traditional financial system, which is a signal for a growing appetite among institutions and those seeking regulated routes into crypto. Source: Glassnode HYPER token takes Bitcoin to the next level Not surprisingly, Bitcoin Hyper token holders are salivating at the prospect of Bitcoin hitting new highs. The higher Bitcoin’s price goes, the more interest it generates in society at large and the greater the adoption potential. That matters for Bitcoin Hyper because, unlike many other new token launches, it is laser-focused on coding and building to improve Bitcoin and bring it closer to its original idea of becoming the go-to form of digital cash. Bitcoin Hyper will revolutionize transaction speeds and drive down costs in the Bitcoin ecosystem through its deployment of a new Layer 2 chain built on the Solana Virtual Machine. As well as truly turning Bitcoin into usable digital cash, it opens up the economy of the most valuable token in crypto to the value-multiplying world of Web3, from decentralized finance to tokenization. In short, Bitcoin Hyper is putting in place a powerful and reliable programmable layer for Bitcoin, that doesn’t just reduce transaction fees to near zero and tx times sub-second, it widens the scope of what is possible for Bitcoin. In the hands of Bitcoin Hyper, Bitcoin becomes not only a store of value and means of payment but also the backbone of commercial ventures that can transform whole industries, from financial instruments to marketplaces. $HYPER – returns built on solid Bitcoin foundations To participate in the presale, connect your wallet at the Bitcoin Hyper website and purchase using ETH, USDT, BNB, USDC, SOL, or a credit card. Or you can buy using Best Wallet , where the HYPER token is listed in the ‘Upcoming Tokens’ section of the app. Buying with Best Wallet makes managing and claiming your tokens easy. Bitcoin Hyper is the coin to watch this altcoin season. As crypto prices rocket, HYPER’s returns will have the added advantage of being based on the solid foundations of the Bitcoin ecosystem. A modest allocation to HYPER is likely to pay off handsomely. Stay connected with the Bitcoin Hyper community on Telegram and X . Visit the Bitcoin Hyper Token. The post Why Bitcoin is On Fire And Everyone’s Going HYPER About Bitcoin Hyper Token appeared first on Cryptonews .

2025-07-11 19:35