Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Arizona’s Senate approved HB2324 by a 16-14 vote, advancing the creation of a State Bitcoin Reserve Fund. The bill updates digital asset forfeiture laws, allowing the State Treasurer to hold seized cryptocurrencies—chiefly BTC—in state-approved wallets, sell them via licensed exchanges, or retain them in native form. Sales proceeds first replenish the Anti-Racketeering Revolving Fund up to $300,000; excess funds split 50% back to that fund, 25% to the General Fund, and 25% to the new Bitcoin Reserve Fund. This move follows the earlier HB2749, which treated unclaimed crypto as unclaimed property, and contrasts with a vetoed predecessor that proposed direct BTC investments. If the House approves, Arizona will become one of the first states to formalize a Bitcoin Reserve Fund, potentially influencing digital asset forfeiture policy and market sentiment.

Semler Scientific, a Santa Clara–based biotech SPAC, plans to build a 105,000-BTC treasury by end-2027. Since May 2024 the firm has steadily accumulated Bitcoin, including a 3,000-BTC purchase in Q1 2024 and 871 BTC in February 2025. It currently holds over $468 million worth of BTC at an average price of $92,158, ranking it fourth among U.S. corporate Bitcoin treasuries. CEO Kristjan Peurst outlined a phased acquisition strategy that adjusts monthly buy allocations based on market price and volatility. Semler will fund Bitcoin purchases through convertible debt, equity offerings and operating cash flow while keeping its debt-to-treasury ratio below 20%. The company targets 10,000 BTC by end-2025 and expects Bitcoin’s growing adoption as a store of value to strengthen its balance sheet and returns. Semler’s move reinforces institutional confidence in Bitcoin and may prompt other mid-cap firms to adopt similar corporate Bitcoin strategies.

Bitcoin price is trading narrowly between $103,000 and $106,000, testing its 50-day simple moving average and reflecting investor indecision as traders await a decisive breakout or breakdown. Short-term momentum is weak with RSI near mid-point and MACD hinting at a mild bullish crossover. A close below $103,000 and the bullish trendline around $102,500 could trigger a pullback toward $98,000 and potentially $94,250, while a move above resistance at $105,500 and $108,280 would open the path to $110,800 and beyond. Caution is heightened by the Federal Reserve’s cautious stance, a strong US dollar, and geopolitical tensions in the Middle East and Ukraine. Still, long-term fundamentals remain intact with ongoing ETF inflows, talks of a US Strategic Bitcoin Reserve, and Bitcoin’s role as an inflation hedge. Traders should monitor support at $103,000 and resistance at $106,000 for short-term trades, while patient investors may view this consolidation as a healthy pause before the next major move.

JPMorgan Chase has filed a trademark application for ’JPMD’ with the US Patent and Trademark Office, signaling the bank’s intent to expand its digital asset and stablecoin offerings. The application covers a comprehensive range of digital asset services, including virtual currencies, digital tokens, payment tokens, and blockchain-based currencies. While the trademark does not explicitly mention the term ’stablecoin,’ market speculation is high, especially as US lawmakers advance the GENIUS Act—a proposed regulation focused on stablecoin oversight. The trademark filing also includes elements related to supporting DeFi infrastructure and integrating distributed ledger technology for use in digital asset trading, settlements, and brokerage. This move builds on JPMorgan’s existing experience with JPM Coin, which has facilitated over $1.5 trillion in interbank transactions in USD, EUR, and GBP. With the global stablecoin market capitalization rising to $261.4 billion, traditional financial institutions like JPMorgan are accelerating their entry into the sector. If regulatory clarity is achieved, a successful JPMorgan-backed stablecoin could significantly impact stablecoin adoption, market competition, and the integration between traditional banking and crypto markets.

Eric Trump, the son of former US President Donald Trump, has publicly denied holding any official position at Tron Inc or involvement in Tron’s effort to go public in the US following widespread speculation after a reverse merger announcement with Nasdaq-listed SRM Entertainment. Despite the Financial Times and other reports suggesting Eric Trump may be named as an executive in the new entity, Trump clarified via social media that he has no direct ties or executive role with Tron Inc, while expressing praise for Tron and its founder Justin Sun. The reverse merger, facilitated by Dominari Securities, aims to establish Tron Inc as a public vehicle holding up to $210 million in TRX tokens and leveraging a crypto treasury model, similar to other publicly listed digital asset companies. SRM Entertainment shares surged 580% post-announcement, demonstrating significant market reaction. Tron Inc also plans to introduce a TRX staking program to optimize shareholder value. This episode highlights rising interest in listing crypto projects on US markets, the importance of clear executive disclosures, and the potential for increased volatility in TRX and related crypto markets.

Bitcoin (BTC) is forecast to hit $137,554 by June 2025, reinforcing its market leadership. Amid this momentum, MAGACOIN FINANCE has emerged as a top presale contender. The token features a capped 170 billion supply, audited code, transparent tokenomics and a PATRIOTS100X staking program. Early on-chain data show strong accumulation and low turnover among long-term holders, while rapid community growth has drawn retail and institutional interest. Other altcoins see mixed action: XRP trades near $0.54 ahead of the June 16 Ripple lawsuit verdict and ETF speculation; Polkadot (DOT) is up 16% at $7.56; Kaspa (KAS) remains range-bound around $0.082; Polygon (MATIC) awaits fresh catalysts; Ethereum (ETH) holds in range amid ETF talk; Aptos (APT) builds developer momentum; and Injective (INJ) retains DeFi utility but lags retail excitement. Traders should monitor on-chain metrics, staking yields and broader sentiment to time entries into MAGACOIN FINANCE and other altcoins.

Bitcoin (BTC) has maintained a strong bullish outlook, breaking above $106,000 and approaching its all-time high of $111,980. The market is largely driven by bullish sentiment, with both institutional whales and retail investors holding positions. On-chain data from CryptoQuant shows that BTC inflows to Binance hit historic lows, indicating growing investor confidence or a cautious wait-and-see approach given macroeconomic uncertainties. Technical analysts highlight that as long as BTC remains above key support levels—$90,000 cited as crucial by some analysts, and $95,000 by IG Markets—the uptrend remains intact, with $120,000 as a potential upside target on further strength. Previous warnings from traders like Peter Brandt about possible corrections remain relevant, though market structure has held up against negative cycles so far. Meanwhile, Ethereum (ETH) has seen major accumulation, with large wallets adding over 818,410 ETH (worth about $2.5 billion), reinforcing long-term bullish sentiment. Major altcoins including XRP, BNB, SOL, DOGE, and ADA are largely consolidating, showing mixed technical signals but maintaining technical support zones. HYPE has resumed its uptrend, breaking past $44 resistance and eyeing a move towards $50. Overall, the market outlook is cautiously optimistic. Bitcoin’s sustained strength is seen as necessary for sector-wide rallies. Traders should keep an eye on critical support levels and potential breakout zones as market sentiment gradually improves.

The US House of Representatives is moving to advance the GENIUS Act, a key piece of cryptocurrency regulation legislation, with backing from former President Donald Trump. Lawmakers are debating the best approach to regulating digital assets as the industry rapidly evolves, and there is a push to unify frameworks for oversight and promote legal clarity. The GENIUS Act, which aims to address regulatory gaps and provide comprehensive rules for the US crypto sector, has attracted significant political attention—particularly with Trump advocating for its passage. Ongoing Congressional discussions focus on investor protection, market innovation, and the balance between clear regulations and fostering blockchain growth. If enacted, the bill could enhance regulatory certainty, boost investor confidence, and strengthen the US’s global competitiveness in digital assets. Trump’s involvement signals increasing mainstream political engagement in the crypto sector, potentially expediting legislative progress and impacting market sentiment.

Social media platform X (formerly Twitter) has suspended over 20 prominent crypto-related accounts, including top memecoin launchpad Pump.fun and its co-founder Alon Cohen, with no detailed explanation beyond citing rule violations. The suspensions, happening as Pump.fun faces a class-action lawsuit over alleged unregistered securities facilitation and pump-and-dump schemes, impact major projects such as GMGN, BullX, Bloom Trading, and Eliza OS. Community speculation points to unauthorized third-party API use, potentially bypassing X’s official high-cost API, or possible mass reporting campaigns by users. This action disrupts crypto projects’ primary channel for marketing and community updates, exposing the sector’s reliance on X for outreach. The incident comes just as Pump.fun is preparing for a large-scale token sale, heightening scrutiny. GMGN and other projects are appealing the bans. The lack of clear communication from X and regulators adds to the uncertainty. This escalation highlights the increasing risks of social media dependency for crypto marketing and regulatory oversight in the memecoin space. Crypto traders should monitor related token sentiment and project communication channels for further developments, as broader platform enforcement may affect future market dynamics.

The US Securities and Exchange Commission (SEC) has formally accepted a filing from NYSE Arca to list and trade the Truth Social spot Bitcoin ETF, sponsored by Yorkville America Digital LLC and associated with Trump Media & Technology Group’s Truth Social platform. The ETF aims to track Bitcoin’s market price using the CF Benchmarks Index and will be custodied by Foris DAX Trust Company LLC. This acceptance begins the SEC’s review process but does not guarantee approval. Additionally, Truth Social has submitted a Form S-1 for a hybrid ETF that provides exposure to both Bitcoin and Ethereum, with a 3:1 allocation favoring Bitcoin. Previously, major spot Bitcoin ETFs from Grayscale, BlackRock, and Fidelity received SEC approval, which boosted institutional demand and increased crypto market liquidity. The introduction of Truth Social-branded ETFs could spark renewed interest and competition within the crypto ETF sector, especially as the products aim for listing on NYSE Arca and are structured as a Nevada business trust. Regulatory scrutiny remains high, with market participants watching SEC developments for signs of expanding institutional access to Bitcoin and Ethereum. For crypto traders, these filings are significant as approvals could further legitimize spot crypto ETFs, influence investor sentiment, and potentially impact trading volumes and liquidity for both BTC and ETH.

CoinMarketCap security teams detected and removed a malicious “Verify Wallet” popup within hours of its deployment on the leading crypto price-tracking site. The phishing scam prompted users to connect wallets and approve ERC-20 token transactions, risking private key exposure. CoinMarketCap’s official X account confirmed the removal of the malicious code and announced a full security investigation is underway. Major wallet extensions MetaMask and Phantom flagged the site as unsafe, alerting users to avoid interaction. No funds were reported lost. This incident echoes CoinMarketCap’s October 2021 data breach, which exposed over 3.1 million email addresses, underscoring persistent crypto cybersecurity challenges. Traders are advised to verify site authenticity, avoid unsolicited wallet prompts, and monitor CoinMarketCap security updates for potential market impacts.

X Money, the financial arm of Elon Musk’s social platform X, secured multiple state payment licenses and launched its beta service in May. CEO Linda Yaccarino confirmed that users will soon gain access to an X-branded debit card and in-app investment and trading services, enabling payments, trading, and portfolio management directly within X Money. While the initial rollout focuses on fiat-based features, Musk’s longtime endorsement of Dogecoin and recent regulatory progress—including new stablecoin legislation and a more crypto-friendly SEC—strongly suggest that crypto payments and trading will follow once legal hurdles clear. Crypto traders should watch for broader rollouts and Dogecoin (DOGE) support, as these updates could accelerate digital asset adoption on a major social platform.

Nobitex, Iran’s largest crypto exchange, suffered a $90 million crypto exchange hack after attackers released the full source code, security settings and server details online. They drained roughly 1,200 BTC, 50,000 ETH and 30 million USDT and burned tokens from hot wallets. In response, Iran’s central bank restricted domestic exchange hours to 10 a.m.–8 p.m. to reduce overnight vulnerabilities. Nobitex halted withdrawals, reported no further losses, and aims to restore services within five days despite internet disruptions. This breach underscores heightened geopolitical risk in crypto markets and prompts traders to reassess security protocols and monitor Iran-Israel tensions.

The U.S. Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50% for the seventh consecutive meeting, citing persistent inflation and fresh pressures from tariffs as key reasons for delaying rate cuts. Despite previous forecasts, the Fed now projects a more gradual pace of monetary easing, expecting two rate reductions in 2025 and a slower decline in rates through 2027. Inflation expectations have been revised upward, with PCE inflation anticipated at 3% and core PCE at 3.1% in 2025. U.S. GDP growth was revised down to 1.4%, and unemployment is set to rise to 4.5% and remain elevated. Fed Chair Jerome Powell stressed caution, ruling out imminent rate hikes but also emphasizing patience and the need for additional data, especially regarding the impact of tariffs on inflation. President Trump has intensified criticism of Fed Chair Powell, signaling possible changes in Fed leadership, which analysts warn could inject further volatility if the central bank’s independence is questioned. U.S. equities registered modest gains, while Bitcoin remained steady around $104,200, with little immediate market reaction. For crypto traders, the Fed’s wait-and-see stance and focus on macro risks, such as tariffs and potential central bank policy shifts, signal ongoing uncertainty, likely resulting in range-bound trading for Bitcoin and other major cryptocurrencies in the near term.

Bitcoin (BTC) and major altcoins are under increased selling pressure as traders await the Federal Open Market Committee (FOMC) interest rate decision. Bitcoin is currently trading near $104,000, with analysts emphasizing the importance of holding above the $102,000-$103,000 support zone to prevent a decline toward the key psychological level at $100,000. Technical indicators, including a flattening 20-day exponential moving average and a neutral relative strength index (RSI), suggest the market may experience range-bound trading until a decisive move occurs. The 50-day simple moving average remains the principal resistance level, and a breakout above both the 20-day EMA and the 50-day SMA could trigger a recovery toward $112,800. Geopolitical tensions and broader macroeconomic factors are contributing to market uncertainty, making the outcome of the FOMC meeting especially pivotal for short-term price trends in the crypto sector. Major altcoins such as ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, SUI, and BCH are also consolidating within established ranges, with crucial support and resistance levels in focus. Analysts continue to recommend robust risk management strategies—including stop-loss orders—and suggest diversifying into altcoins that are demonstrating stable consolidation to help mitigate downside risks. For crypto traders, Bitcoin’s approach to a major support threshold and the broader sideways movement in altcoins underscore the critical need to monitor both macroeconomic signals and key technical price levels, particularly as volatility is anticipated to spike around the FOMC rate announcement.

The US Congress, led by the Senate’s 68-30 bipartisan approval of the GENIUS Act, has introduced the first major federal regulation targeting US dollar stablecoins. The bill requires all stablecoins serving US users to be fully backed by liquid reserves such as US dollars or Treasury bills and to provide mandatory monthly disclosure of reserves. Only entities licensed by US regulators can issue stablecoins, while federal officials are prohibited from launching government-backed digital tokens. The law enhances consumer protection, regulatory clarity, and supports US dollar dominance in digital assets. Amendments were added to strengthen oversight against suspicious activities and improve customer safeguards at banks. Tether (USDT) faces the most significant compliance challenges due to its offshore status, risking access to US markets unless adapted. Circle (USDC), already compliant with US regulations, is poised to benefit and expand its market share, particularly in corporate finance. The GENIUS Act may spur similar regulatory moves globally, especially in Asia, potentially reducing Tether’s dominance and boosting local currency stablecoins. The bill now heads to the House, with potential passage and presidential signature before August. For crypto traders, this act marks a pivotal step towards lower market risk, increased institutional involvement, and a shift in stablecoin market structure, though House revisions may still occur.

Bitcoin demonstrated significant resilience amid escalating geopolitical tensions between Israel and Iran, initially experiencing a sharp 4% decline but swiftly rebounding due to robust institutional demand and strong global liquidity. The leading cryptocurrency surged past $107,000, fueled by heightened interest from institutional investors, increased trading volumes, and persistent market optimism. According to CoinGecko, Bitcoin climbed 1.6% in 24 hours to $107,008, while Ethereum and Solana also posted notable gains, rising over 4% and 8% respectively. Analysts highlighted Bitcoin’s dual role as a speculative asset and a geopolitical hedge, noting its pattern of rapid recoveries during global crises. The Crypto Fear & Greed Index reached 61, reflecting investor optimism with measured caution. Spot Bitcoin ETFs attracted $5.23 billion in net inflows last month, equaling levels last seen during the Trump inauguration and further lifting market confidence. Experts from Kronos Research and Coincu Research emphasized the importance of institutional investment and ample liquidity for sustaining a bullish momentum, with traders closely monitoring US Federal Reserve decisions and global regulatory signals. The market now eyes Bitcoin’s potential to reach an all-time high, underpinned by ongoing institutional inflows and stabilization of geopolitical risk.

The U.S. Securities and Exchange Commission (SEC) is poised to greenlight a wave of spot crypto ETFs, with approval odds for major altcoin funds now exceeding 90%. Bloomberg analysts cite strong regulatory engagement around 19b-4 filings and S-1 amendments, coupled with the success of Bitcoin and Ethereum futures ETFs, as key drivers. Institutional giants such as BlackRock, Grayscale, Fidelity and Franklin Templeton have filed applications, reflecting heightened investor interest. Dogecoin’s spot ETF approval probability is forecast at 95% by year-end 2025, while Litecoin, Solana, XRP, Cardano, Polkadot, Hedera and Avalanche each stand at 90–95%. Only SUI lags with a 60% chance, due to regulatory uncertainties and lack of futures markets. Market platforms like Polymarket mirror this optimism, predicting a 98% chance for XRP and 91% for Solana ETFs this year. These developments mark a pivotal regulatory shift likely to boost liquidity, widen investor access and drive innovation in the spot crypto ETF space. Traders should monitor approval timelines and application amendments for trading opportunities in altcoin ETFs.

An unidentified whale placed a $255 million, 20× leveraged long on Bitcoin (BTC) around $104,000, triggering over $106 million in sell-side liquidity and liquidating short positions across exchanges. BTC/USD rose 1.7%, peaking at $106,500. Similar whale-driven leverage trades in May and June have repeatedly driven BTC price swings. Traders now focus on a decisive breakout from the $100,000–$110,000 range, with key levels at a weekly close above $104,500 for bullish confirmation and resistance near $110,000. Market participants remain cautious about the sustainability of this leveraged move and monitor order-book liquidity and range sweeps before adjusting exposure.

A major data breach disclosed by Cybernews in mid-2025 exposed over 16 billion unique login credentials across more than 30 unsecured Elasticsearch clusters and cloud buckets. Harvested by infostealer malware, the leak includes fresh, structured credentials—URLs, cookies and tokens—from platforms such as Facebook, Telegram, Google Drive, Apple ID, GitHub and government portals. With individual data sets averaging 550 million entries (the largest at 3.56 billion), these actionable credentials heighten the risk of phishing, account takeovers and corporate email scams. Crypto holders face extra danger as custodial wallets and cloud-stored mnemonic backups become prime targets. Traders should respond by updating passwords with a manager, enabling MFA, storing mnemonics offline and remaining vigilant against suspicious links.

On-chain data reveal that XRP and Solana whales have been quietly accumulating MAGACOIN FINANCE, highlighted by a record 72.95 ETH buy, underscoring strong institutional interest in the capped-supply altcoin. Concurrent XRP outflows of over $60 million to exchanges sparked liquidation events and drove some holders into MAGACOIN FINANCE. Solana saw record retail growth and a surge in whale wallets, aligning with strategic MAGACOIN FINANCE buys ahead of its public listing. Meanwhile, major tokens ADA, ETH, OP and VET remain range-bound but resilient. Building on these developments, traders are advised to: 1) position for asymmetric upside with MAGACOIN FINANCE, 2) rebalance toward Layer-1 leaders Ethereum (ETH) and Solana (SOL), 3) increase exposure to tokenised real-world asset (RWA) projects, 4) reduce meme coin risk in favour of disciplined tokenomics, and 5) hedge core holdings by allocating to mid-cap AI, privacy and cross-chain innovators.

The total stablecoin supply has surpassed $250 billion for the first time, driven by Tether’s USDT and Circle’s USDC, which together account for 86% of circulation. Yield-bearing issuer Ethena (ENA) has grown rapidly, supplying nearly $6 billion since launch. Over $120 billion of US Treasuries are now held in stablecoins, reflecting market recovery from the 2022 Terra collapse and 2023 USDC de-peg and buoyed by the introduction of US spot crypto ETFs. The US Senate’s 68–30 approval of the GENIUS Act establishes federal reserve standards, audits and oversight for stablecoins, paving the way for broader bank and fintech adoption. Following the vote and former President Trump’s endorsement (including his $TRUMP token push), Circle’s stock jumped 34% to a record $199.59 (peaking at $211.87 after hours), while Coinbase announced USDC collateral acceptance in US futures markets. Traders forecast short-term volatility but see the legislation as a major catalyst for long-term institutional integration of digital dollars.

Ethereum (ETH) briefly surged above $2,500 with a 0.29% intraday gain amid steady Bitcoin (BTC) trading around $50,000. On-chain metrics showed a 12% rise in ETH trading volumes and increased staking activity, underpinning robust network fundamentals. Short-term technicals place resistance at $2,550 and support at $2,450. Analysts highlight an emerging “Ethereum phase” driven by staking yields and upcoming Shanghai upgrades, which could shift market sentiment from Bitcoin dominance to ETH fundamentals. A sustained break above $4,000 may trigger a parabolic rally in ETH and broader capital inflows into DeFi and NFT altcoins. Traders should monitor macroeconomic data, institutional inflows, and upgrade execution, as these factors will determine the scale and timing of the next altcoin upswing.

The U.S. Senate recently passed the GENIUS Act, aimed at establishing clear regulations for digital assets, with a strong focus on stablecoins. This move was seen as a crucial step in reducing regulatory uncertainty, fostering innovation, and enhancing the legitimacy of the cryptocurrency market. The Act received bipartisan support, signaling an imminent overhaul of the U.S. stablecoin regulatory landscape and possibly accelerating dollarization and institutional adoption of USD-backed stablecoins. Following the Senate’s approval, President Donald Trump has urgently called on the House of Representatives to pass the bill without amendments. Trump’s stance emphasizes the importance of rapid, unaltered passage to solidify America’s leadership in the global digital economy and to prevent delays caused by further debate or changes. Market analysts predict that the GENIUS Act could result in regulated stablecoins being treated as cash equivalents, increasing demand for U.S. Treasury bonds and potentially influencing global crypto market standards. As the House prepares for debate, crypto traders should closely monitor these developments. Quick enactment could create a more secure, transparent, and attractive landscape for digital asset investments, reinforcing the U.S.’s position as a regulatory leader and likely supporting a bullish outlook for USD-based stablecoins and related assets.

Bitcoin remains volatile as traders await the upcoming Federal Open Market Committee (FOMC) decision, a major event likely to impact global markets and the cryptocurrency sector. The Bitcoin price is holding above the critical $98,300 support level, with technical indicators showing the market is oversold in the short term. Notably, there has been an $11.3 billion decline in 180-day open interest on major exchanges like Bitget and CME, reflecting a significant exit of leveraged positions. Historically, such drops in open interest have preceded both strong rallies and sharp corrections. While most platforms report leveraged money leaving, Gate.io stands out with continued capital inflows. Market sentiment remains fragile and divided, with traders concerned that a failure to maintain the $98,300 support could prompt a deeper correction—possibly toward $91,000. Continued support above $98,300 keeps the market structure bullish, but all eyes are on the FOMC decision and price action near this key level. Traders should pay close attention to volatility, historical price reactions to FOMC news, and rapidly shifting leverage data, as short-term moves could present both risks and opportunities.

Bitcoin (BTC) recently dropped from its yearly high to around $104,650, facing a 6.52% decline amid rising geopolitical tensions and evolving technical factors. Options data from Deribit show increased hedging, with a high put-to-call ratio and significant open interest clustered around the $100,000 strike—revealing traders’ expectations of further downside. Despite spot Bitcoin ETFs receiving $216 million in inflows, signaling sustained investor interest, bearish momentum persists. The price action now consolidates within a tightening range, repeatedly failing to break above $108,000 resistance. Key technical indicators, including RSI readings below 50 on both daily and 4-hour charts, point to weakening momentum. Chart patterns reveal a bearish double top, a descending triangle, and falling below the 50-period EMA. BTC is currently trading between liquidity zones, with buyers defending the $101,000–$103,000 area but struggling to regain upward momentum. Sell-side pressure is evident around $103,500, and a break below the $102,000–$103,000 liquidity zone risks a further drop to the psychological $100,000 level. On-chain data highlights exchange whale ratios climbing above 0.55, a one-year high, suggesting large holders may be preparing to sell. Historically, increased whale activity ahead of flat price action often leads to downside or sharp volatility. Unless bulls reclaim the $108,000 resistance and flip it into support, traders should be prepared for potential liquidity sweeps and further selling below $100,000.

Canada has taken a leading role in the cryptocurrency market by launching its first spot XRP exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX). Two major asset managers, 3iQ and Purpose Investments, have introduced their respective products: the 3iQ XRP ETF (XRPQ) and the Purpose Investments XRP ETF (XRPP). Notably, Ripple, the company behind XRP, is an early investor in 3iQ’s XRPQ. The fund offers a 0% management fee for the first six months and allocates exclusively to long-term XRP holdings acquired from established exchanges and OTC platforms, storing assets in cold storage for enhanced security. Both ETFs aim to provide institutional and retail investors in Canada and qualifying international markets with regulated, transparent, and tax-efficient access to XRP, reflecting increased institutional interest in compliant crypto financial products. This development comes as interest grows in offering regulated crypto ETFs beyond Bitcoin and Ether, and parallels efforts in the US where asset managers like Franklin Templeton are seeking SEC approval for similar spot XRP and Solana ETFs. The launch is expected to boost XRP’s visibility and liquidity, potentially accelerating adoption outside of the US.

Bitcoin (BTC) recently experienced heightened volatility, with prices dropping below $105,000 before showing signs of recovery. Earlier warnings indicated that continued downside could trigger a rapid decline toward $104,000 due to order book manipulation, while buyers reclaiming $108,000 might spark a rebound toward $110,000. The market registered persistent selling pressure, highlighted by 11 consecutive red hourly candles after the Wall Street open. Despite this, newer reports reveal strong institutional investment, as noted by JPMorgan, with the Bitcoin network’s hashrate reaching an all-time high—an indicator of long-term confidence among miners and large investors. BTC is currently trading between $102,000 and $110,000, down 3.7% over the past week but still up 3% over the last month. RSI remains below 40, suggesting a near-term bearish trend, but key support and resistance levels at $98,600 and $114,000 are now in focus. Should bullish sentiment persist, a rally toward $121,000 is possible, presenting nearly 20% upside. The record-breaking hashrate may signal a broader crypto market recovery, with altcoins potentially following Bitcoin’s momentum if it continues. Traders should closely monitor technical levels and macroeconomic factors as volatility is expected to persist.

Tron (TRX) founder Justin Sun has announced plans for Tron to go public on Nasdaq via a reverse merger with SRM Entertainment, accompanied by a $100 million private equity raise and a renaming of the entity to Tron Inc. Contrary to earlier reports linking Eric Trump, son of President Donald Trump, to the IPO, he has publicly denied any direct involvement but praised Sun’s achievements in the crypto sector. Despite the denial, notable business ties exist between the Trump family and Justin Sun, including Sun’s $30 million investment in World Liberty Financial (WLFI), a crypto platform shaped by Eric Trump. President Trump’s latest financial disclosure reports significant income from WLFI and holding of 15.75 billion governance tokens. The Trump family’s crypto exposure has expanded further with the launch of American Bitcoin and mining of 215 BTC. In addition, Trump’s Truth Social has filed for a Bitcoin and Ethereum ETF, proposing Crypto.com as custodian. These developments underscore a growing nexus between leading crypto projects (TRX, WLFI, BTC, ETH) and U.S. political circles, highlighting increased institutional and political engagement in the sector. While these moves may drive confidence and mainstream adoption, they have also attracted heightened regulatory scrutiny that could impact future crypto market dynamics.