Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bitcoin surged to a fresh all-time high of $112,040 on Bitstamp, driving its market cap to $2.22 trillion and lifting total crypto valuation above $3.47 trillion. The rally was fueled by sustained USD weakness, U.S. tariff hikes on Japan, South Africa and Malaysia, and dovish Fed sentiment after June’s CPI undershot expectations. Heavy liquidations of $484.7 million in overleveraged positions (including $223 million in short squeezes) cleared weak hands and reinforced the uptrend. Exchange reserves slid from 3.11 million BTC in March to 2.99 million by May, signaling a looming supply shock. Robust institutional inflows continued, with $4 billion net into Bitcoin ETFs in June and corporate treasuries diversifying into SOL, BNB, XRP and HYPE. Ethereum lagged, down 2.4%, while total trading volume rose to $28.18 billion. Stablecoin developments—Circle’s US IPO surge and Senate approval of the GENIUS Act—underpin market confidence, as major retailers and payment firms plan proprietary stablecoins. Blockchain tokenization advanced with Robinhood launching tokenized stocks in Europe and Coinbase seeking US approvals. Key events to watch: US CPI on July 11, PPI on July 16 and the Fed rate decision on July 30. Continued dollar weakness, high liquidity and sustained institutional inflows suggest Bitcoin may extend its bullish trajectory into H2 2025.

Between July 2–9, Russian firms increased the use of crypto to bypass Western sanctions, alongside gold and internal netting schemes. Moscow plans a state-backed “Transparent Blockchain” by year-end. In the US, law makers branded “Crypto Week” will vote on stablecoin regulation, a CBDC ban and clearer digital asset rules. On July 9, the Senate Banking Committee held a hearing on crypto regulation, debating guiding principles for Web3 markets without an actual bill. Republicans pushed pro-crypto witnesses, while Democrats demanded stronger investor protections and AML compliance. The controversial CLARITY Act would grant the CFTC primary oversight and exempt certain tokens. Lobbying intensified: Coinbase spent six figures on ads, and over 65 founders urged support for CLARITY to maintain US leadership. Market players also moved: a crypto asset manager backed by major institutions launched a Nasdaq SPAC to raise over $1 billion in BTC, ETH and SOL. An 80,000 BTC whale wallet awoke after 14 years but did not sell, fueling speculation. Trump Media & Technology Group filed for a multi-token ETF, sparking a CRO rally. Donald Trump Jr.’s Thumzup Media acquired shares, planning to add crypto to its treasury. TRON pledged $100 million to the $TRUMP memecoin, and Bybit listed the USD1 stablecoin from World Liberty Finance—while Falcon USD (USDF) briefly de-pegged amid reserve concerns. In New York, Tornado Cash co-founder Roman Storm faces a money-laundering trial starting July 14, with sanctions evidence limited. These events underscore ongoing market volatility and regulatory uncertainty. Bitcoin traded near $109,000 and Ethereum around $2,580, with total market cap down 2.4% but sentiment cautiously bullish. Calls for tighter crypto regulation persist amid this flurry of activity.

Spot Bitcoin ETF inflows have surpassed $50.16 billion since January 2024, marking a milestone in institutional adoption. US-listed spot Bitcoin ETFs recorded $218 million in net inflows on Wednesday, led by BlackRock’s IBIT with $125.5 million, followed by Ark & 21Shares’ ARKB and Grayscale’s Mini Bitcoin Trust. Other issuers, including Fidelity, Bitwise, Valkyrie and Invesco, also saw positive capital flows. Bitcoin hit an all-time high of $112,152—up 2% in 24 hours—triggering nearly $200 million in short-squeeze liquidations. Demand from asset managers, corporate treasuries and wealth management platforms, driven by geopolitical tensions and anticipated rate cuts, is widening ETF access. IBIT now holds over 700,000 BTC (55% of ETF supply). Corporate treasuries like Japan’s Metaplanet and Europe’s Blockchain Group and Smarter Web Company have added hundreds of millions in BTC, while Remixpoint plans a $215 million acquisition of 3,000 BTC. US spot Ethereum ETFs added $211.3 million on the same day, pushing total inflows to $4.72 billion, as Ether rose 6.6% to $2,778 with analysts eyeing $3,000.

Since 2020, stablecoin market cap has surged from under $4 billion to over $200 billion, making Ethereum the backbone of the global digital dollar economy. Today, Ethereum hosts half of all stablecoins on-chain (rising to 75% excluding opaque chains), with Circle’s USDC IPO and Coinbase’s planned L2 underscoring strong institutional demand. Layer-2 solutions and Robinhood’s tokenized stock settlements on Ethereum are lowering fees and validating its neutral settlement role. This on-chain activity generates significant fees and drives DeFi growth, with $190 billion in ETH collateral backing lending vaults and 3–5% staking yields. However, ETH price momentum lags due to a broken utility-to-price feedback loop. Traders can profit by holding ETH to earn yield and tap into the stablecoin wave, while the community focuses on native rollups, faster block times and on-chain MEV services to repair the value-capture loop and unlock sustainable price gains.

World Liberty Financial opened a governance vote on July 9 to make its WLFI token tradable on decentralized exchanges. The poll, running until July 16, has garnered over five billion votes with 99% in favor. If approved, WLFI holders can trade on DEXs and peer-to-peer markets. In this phase, founder and advisor holdings—roughly 40% of the WLFI supply—remain locked. A second vote is set to determine further unlock schedules. Enabling WLFI token tradable status aims to boost liquidity, price discovery and governance participation in emissions, incentives and treasury management. Meanwhile, the firm is auditing its USD1 stablecoin with a $2.2 billion supply and integrating TRM Labs analytics for compliance. Despite scrutiny over its Trump family backing and new US stablecoin regulation proposals, the vote marks a key step toward greater decentralization.

Truth Social has opened public beta testing for its Patriot Package streaming service, offering a free trial to users of 12 conservative news channels and on-demand videos. Subscribers benefit from ultra-low latency news, boosted comment visibility, red verification checkmarks and exclusive Truth+ badges. In beta, users earn engagement-based “Gems” that will convert into a dedicated utility token usable across Truth Social, its streaming arm Truth+ and, eventually, the fintech branch Truth.Fi. Trump Media CEO Devin Nunes confirmed plans for an integrated digital wallet to facilitate token-based subscription payments. The company is crowdsourcing design feedback for the Gems token and awaiting SEC approval for a Bitcoin and Ethereum ETF. For crypto traders, this marks a significant step toward tokenization and suggests potential future demand for the new utility token within the Trump Media ecosystem.

Monad Foundation has acquired Portal Labs to enhance its stablecoin payments ahead of its mainnet launch this quarter. The deal integrates Portal’s production-grade payment rails and stablecoin settlement tools into Monad’s Ethereum-compatible, enterprise-grade blockchain. Portal Labs becomes a wholly owned subsidiary, with former Visa crypto strategy lead Raj Parekh joining as head of payments and stablecoins and other co-founders retaining leadership of the development team. On testnet, Monad processed over 2 billion transactions at up to 10,000 TPS with sub-second finality, leveraging parallel execution and custom infrastructure. Originally announced in Q1 and expected to close in Q3 pending regulatory approval, the acquisition builds on prior integrations like Chainlink Scale, boosts cross-chain interoperability, and aligns with consolidation trends in the stablecoin sector. Traders should watch for potential gains in MND, Monad’s native token, and increased interest in related DeFi projects as the network positions stablecoin payments as a primary use case.

Hyperliquid’s native HYPE token surged 204% in Q2 to an all-time high of $45.83, generating $200 billion in 30-day trading volume and $1.98 billion in open interest. Leading up to the July 15 Kinetiq liquid staking upgrade, four whale wallets deposited $6.14 million USDC on Hyperliquid, buying at around $39.20, and a new address purchased 25,500 HYPE with $1 million USDC. In anticipation of converting HYPE into yield-bearing kHYPE—with validator scoring and institutional iHYPE access—whales have unstaked nearly 1 million HYPE ($40 million). Meanwhile, Phantom wallet now supports Hyperliquid perpetual trading with up to 40× leverage via a non-custodial API. Coinglass data reveals a cluster of short positions near $42, pointing to a potential short squeeze that could liquidate over $6 million if HYPE breaks through. As $40 million of unstaked tokens re-enter circulation, traders face heightened volatility. Sustained demand could launch a fresh Q3 rally; failure to absorb the inflow may trigger sharper corrections given HYPE’s high-beta response to Bitcoin moves.

At a July 9 Senate Banking Committee hearing, lawmakers and industry leaders debated crypto regulation and market structure legislation aimed at balancing innovation with investor protection. Committee chair Tim Scott hailed the GENIUS Act, urged swift crypto rules to maintain U.S. Web3 leadership, and noted that cash—not crypto—is still the main conduit for illicit finance. Senator Elizabeth Warren stressed that new regulations must match existing financial rules and close loopholes benefiting the crypto lobby. Witnesses including Chainalysis CEO Jonathan Levin (illegal blockchain transactions under 1%), Ripple CEO Brad Garlinghouse and Blockchain Association CEO Summer Mersinger highlighted blockchain analytics, the low share of illicit activity on-chain, and the need for a principles-based SEC–CFTC oversight framework. Experts recommended joint SEC/CFTC authority while bipartisan bills since 2022 emphasize encryption protections and clear market structure. Traders should watch for emerging crypto legislation, which could reduce regulatory uncertainty, drive market stability and influence digital asset adoption.

XRP whales have driven XRP to a seven-week high, pushing the price above $2.39 amid a broader altcoin rally and calls for Fed rate cuts. Santiment data shows wallets holding at least 1 million XRP climbed to a record 2,743. This XRP whale accumulation underpins bullish momentum and could attract retail traders. Continued XRP whales buying pressure may stabilize the price and validate fundamentals. A sustained breakout above the $2.38 resistance may pave the way to $2.60. Traders should monitor whale balance shifts, on-chain metrics, and volume signals via Santiment. Key risks include concentration and regulatory uncertainties. Strategic entry and risk management remain crucial for crypto traders.

XRP, Shiba Inu (SHIB) and Ethereum (ETH) all show strong technical breakouts that signal a potential crypto bull run. XRP has surged over 10% in early July, breaking above its 26- and 50-day EMAs and forming an ascending channel supported by rising on-chain activity and new addresses. A decisive move past $2.40–$2.50 could pave the way to the $3 psychological level. SHIB has reclaimed its 26-day EMA and cleared the 23.6% Fibonacci retracement, with RSI above 50 and trading volumes exceeding the 307.5 billion-token average. Futures open interest on Binance topped 7 million SHIB and funding rates turned positive, indicating growing trader confidence, despite whale sell-offs transferring trillions of tokens to exchanges. ETH trades above its 50-, 100- and 200-day MAs, with 285,000 ETH exiting exchanges as long-term holders accumulate. A break above $2,700 could target $3,000. Together, these technical signals reflect strong accumulation and improving momentum, reinforcing expectations of a broader crypto bull run.

Circle has finalized a USDC revenue-sharing deal with Bybit, granting the exchange a portion of the interest generated by Circle’s $62 billion USDC reserves. Under this partnership, Bybit will promote, list, and hold USDC on its platform. Traders can expect expanded USDC trading pairs, tighter spreads, and new yield-bearing products powered by the additional yield. The agreement mirrors similar collaborations Circle formed with Binance and Coinbase. For Bybit, the revenue-sharing model offers a stable, interest-based income stream beyond trading fees. The deal also reinforces Bybit’s competitive position in stablecoin liquidity. More broadly, the USDC revenue-sharing partnership underscores a trend of integrating traditional finance mechanisms into crypto. This integration aims to drive stablecoin adoption, enhance market stability, and pave the way for innovative DeFi and payment solutions.

Swedish health-tech firm H100 has added 46.93 BTC to its treasury, raising total holdings to 294.5 BTC. The purchase was funded by a $54 million equity and convertible bond issuance. This move marks a strategic shift toward Bitcoin in treasury management for inflation hedging and balance-sheet diversification. H100 uses a dollar-cost averaging strategy and discloses reserves publicly. Following similar corporate adoption by MicroStrategy, Tesla and Block, this disciplined accumulation underlines growing institutional confidence in Bitcoin’s long-term value. Traders should monitor such accumulation signals as potential bullish indicators.

President Trump extended the 90-day pause on reciprocal tariffs to August 1 while unveiling new levy proposals—including a provisional 10% tariff on EU goods and 17% on agricultural imports—aimed at generating over $300 billion in duties this year. A potential 50% copper tariff sent COMEX prices soaring 12–13%, pushing the U.S. copper premium over the global benchmark to 138% and underscoring the role of inventories as imports meet roughly half of domestic demand. Domestic copper production remains stable, but onshore expansion faces 18-year lead times. Companies’ stockpiles and weak demand have so far kept consumer inflation in check. With global copper demand expected to rise, markets from metals and equities to risk assets like Bitcoin could see renewed volatility. Traders should monitor both tariffs and copper price movements for clues on broader market shifts and crypto positioning.

Threshold Network has launched tBTC on the Sui blockchain, giving traders access to over $500 million in Bitcoin liquidity on a network with 400 ms finality and near-zero fees. As the first non-EVM chain to support direct tBTC minting via the Threshold dApp, Sui resolves the security-versus-utility trade-off by preserving 1:1 backing with real BTC and using threshold cryptography for trust-minimized minting. Users can deploy tBTC across four native Sui DeFi protocols: Bluefin (trading with extra APR rewards), Bucket (savings and spending), AlphaLend (advanced lending) and AlphaFi (leveraged BTC strategies). The upcoming Wormhole bridge will enable seamless cross-chain transfers of tBTC between Sui, Ethereum and other ecosystems, boosting interoperability and capital efficiency. To drive adoption, Threshold and Sui are launching a three-month developer campaign with limited-time incentives on select protocols. With sub-second finality, deep liquidity and no custodians, tBTC on Sui sets a new benchmark for high-throughput Bitcoin DeFi.

South Korea’s National Tax Service (NTS) has clarified that residents receiving crypto wages from foreign employers must report these virtual assets in their comprehensive income tax returns under Income Tax Act Articles 127 and 70. This extension of the crypto tax net closes a loophole for remote workers, freelancers, and consultants paid in tokens. Taxpayers must convert income to Korean won at the transaction date, maintain detailed records, and file proactively in the absence of foreign withholding. On the same day, the Ministry of SMEs and Startups proposed amendments to the Enforcement Decree of the Special Act on the Development of Venture Enterprises. The revision would remove “virtual asset-related industries” from restricted sectors, allowing blockchain-based trading and brokerage firms to gain venture company status and access tax breaks, financing support, and public procurement benefits. The move follows stronger legal safeguards under the Virtual Asset User Protection Act and aims to stimulate growth in South Korea’s digital asset sector. Crypto traders should note that the new rules increase compliance costs but also signal government backing for blockchain startups. Overall, these changes could boost transparency and long-term stability in the Korean crypto market.

Pakistan’s new Virtual Assets Act, 2025 establishes the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and oversee virtual asset service providers. The authority will enforce AML protocols, set technical standards and align with FATF, IMF and World Bank guidelines. Under the same Act, the State Bank of Pakistan plans a CBDC pilot in partnership with technology firms, building on the 2022 Electronic Money Institution law. Finance Minister Muhammad Aurangzeb and Special Assistant Bilal Bin Saqib aim to formalize an estimated $300 billion informal crypto economy. High-profile figures such as Binance CEO CZ and MicroStrategy’s Michael Saylor have been invited as advisors. However, the IMF rejected a proposal to subsidize surplus energy for Bitcoin mining and AI data centres, citing macroeconomic risks. This tension highlights the balance between fostering a future-ready digital finance hub and maintaining fiscal stability. If PVARA and the CBDC pilot secure international credibility and effective enforcement, Pakistan could emerge as a South Asian digital assets powerhouse.

X CEO resigns amid Grok AI controversy, stepping down hours before the Grok 4 launch. Under Linda Yaccarino, X CEO resigned having overseen content moderation reforms – adopting a “freedom of speech, not freedom of reach” policy and deploying ad-blocking for sensitive content – but faced advertiser exits after Grok’s antisemitic outputs. The resignation coincides with Elon Musk’s strategic pivot toward AI and financial services, highlighted by the upcoming X Money digital wallet with Visa, which will enable peer-to-peer payments, debit card linking and in-app trading and investment tools later this year. Traders should note this X CEO resignation as part of X’s transformation into an “Everything App,” combining social media, AI and financial functions, potentially opening new on-ramps for crypto and digital assets.

Uniswap (UNI) saw a record 72.95 billion “age consumed” as long-dormant tokens reactivated. This triggered a 21% market cap surge and a 75% spike in trading volume. Since June 22, UNI has climbed to $7.88, up 5.5% in 24 hours and nearly 24% in 30 days. On-chain metrics show average holding periods fell by 7.2%. 24 hour volume hit $439 million. Technical indicators point to UNI testing the upper Bollinger Band at $7.78, with support near $6.60. A clear break above $7.78 could drive UNI toward $8.50 and $10, aided by a rising RSI and an ascending triangle pattern. Meanwhile, Uniswap’s Layer-2 rollup Unichain on Optimism processed over $12 billion in volume by mid-May. It captured 76% of v4 transactions, cut fees by up to 95%, and saw active addresses surge 3 000% to 5.9 million. Unichain now ranks as the fourth-largest L2 with $858.7 million in TVL.

On-chain data shows Bitcoin accumulation by both short- and long-term holders reaching record levels. Since June 22, long-term holders have added 13,000 BTC, boosting their stake to 14.71 million BTC (over 80% of circulating supply). Short-term holders also increased their positions by 60,000 BTC to 2.3 million BTC. This broad-based Bitcoin accumulation signals strong market confidence and reduced sell pressure. Earlier on-chain analysts noted that long-term holders controlling over 80% of supply often precede major rallies. At the same time, Deribit traders are loading up September call options with a $130,000 strike, betting on a breakout above the $110,000 resistance. A sustained breach could trigger heightened volatility. Traders should watch these on-chain metrics and options flows for confirmation of a bullish breakout. The coordinated accumulation and call option positioning point to potential price momentum toward new all-time highs.

On July 9, 2025, Ripple CEO Brad Garlinghouse testified before the U.S. Senate Banking Committee in a hearing titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” He urged lawmakers to enact comprehensive crypto regulation and called for the passage of the CLARITY Act and GENIUS Act to resolve SEC and CFTC jurisdiction over digital assets such as XRP. Garlinghouse highlighted the XRP Ledger’s fast, scalable cross-border payments and criticized the SEC’s enforcement-based approach for driving talent and capital offshore. Citing Ripple’s victory in its SEC lawsuit, he argued that clear crypto regulation would foster innovation, institutional adoption, DeFi integration, and pave the way for a potential XRP ETF. XRP price reacted positively, breaking above a multi-month descending triangle, reclaiming $2.20 and trading at $2.29 (+4.4% weekly), as traders viewed the testimony as a catalyst for wider market adoption.

On-chain data from CryptoQuant shows Binance is seeing record $31 billion stablecoin inflows, primarily USDT and USDC, while its BTC reserves continue to decline. This decoupling—rising stablecoin inflows alongside falling BTC holdings—indicates traders are shifting capital to dry powder, ready for altcoin speculation. Total stablecoin market cap exceeds $255 billion, boosting liquidity. Historically, large stablecoin inflows on exchanges often precede buying pressure on volatile assets like Bitcoin and altcoins. Key altcoin picks benefiting from this liquidity include BEST, SUBBD, and MAGIC. BEST powers a no-KYC multi-chain wallet with 100% APY staking and trades near $0.025. SUBBD fuels an AI-based creator platform and is in presale at $0.055. MAGIC surged 82% ahead of its AbstractChain launch, backing AI-driven gaming. Traders should watch for a potential altcoin rally, but perform due diligence amid crypto’s volatility.

Several crypto treasury firms have secured fresh funding and expanded their Bitcoin holdings as institutional adoption rises amid cooling market conditions. Japan’s Remixpoint led a ¥31.5 billion financing round to boost its treasury from 1,051 BTC toward 3,000 BTC. Sweden’s H100 Group raised 516 million SEK in recent tranches, targeting its 248 BTC crypto treasury strategy, while Canada’s LQWD Technologies closed C$12.3 million to support further BTC acquisitions and Lightning Network operations. On a larger scale, debt-fueled corporate crypto treasuries—epitomized by MicroStrategy’s multi-billion-dollar Bitcoin buildup—have amassed over 597,000 BTC, leveraging borrow-and-buy models to collateralize acquisitions. Smaller entrants like Mercurity Fintech and Addentax have proposed billion-dollar BTC plans but faced equity dilution and short-seller scrutiny. Alternative treasuries in ETH, BNB, and XRP are emerging, yet share-price gains remain fleeting. Market data show corporate treasuries added 131,000 BTC in Q2, outpacing ETF inflows of 111,000 BTC, while Bitcoin’s price has dropped $5,000 from its mid-May peak and trading volumes are at an 18-month low. Traders should monitor crypto treasury funding events, leverage risks, and potential sell-offs that could affect Bitcoin price trends and liquidity.

Tether has opened a new gold vault in Switzerland, storing 80 tonnes of physical gold valued at $80–85 billion. The move enhances security and reduces long-term fees through self-custody. Its gold-backed token XAUT supports 1:1 redemption and currently covers 7.7 tonnes of gold. In parallel, Tether has made a strategic investment in blockchain analytics firm Crystal Intelligence to expand its fraud detection, risk analysis and regulatory reporting tools. This partnership grants access to the Scam Alert platform for real-time flagging of suspicious addresses. CEO Paolo Ardoino says both initiatives strengthen USDT compliance and credibility. To date, Tether and Crystal have helped freeze $2.7 billion in illicit funds alongside 255 law enforcement agencies. These steps also align with increased FATF scrutiny and a 66% rise in crypto fraud losses reported by the FBI IC3 in 2024. With around 70% of the stablecoin market, Tether aims to set higher compliance standards. USDT compliance and asset backing solidify market trust. Traders should note improved ecosystem security as a positive signal for stablecoin stability.

Robinhood has rolled out an EU equity tokenization platform via an SPV, offering over 200 tokenized US stocks and 24/5 trading. These tokens grant price exposure but carry no legal equity rights or voting power. Private firms are queuing to on-chain their shares, reflecting growing demand for equity tokenization and retail access to early-stage investments. The tokens are structured as financial derivatives backed by real shares held by US broker-dealers, with minting and burning tied to trading activity. Regulatory scrutiny has intensified: OpenAI denied authorizing its token, and Lithuania’s central bank has sought clarity on EU MiCA and MiFID compliance. A recent incident saw SpaceX and OpenAI tokens renamed and liquidity drained, raising rug-pull concerns. Robinhood is in talks with the US SEC and UK regulators, arguing no new legislation is needed. Competitors like Backed Finance’s xStocks and Ondo Finance’s Global Markets are expanding on-chain securities, underscoring a broader shift toward tokenized assets in crypto markets.

Truth Social, a subsidiary of Trump Media & Technology Group, has filed an S-1 registration with the US SEC for a Crypto Blue Chip ETF. This marks Truth Social’s third ETF application, following separate filings for a Bitcoin spot ETF and a combined Bitcoin-Ethereum spot ETF. Sponsored by Yorkville America Digital and custodied by Foris DAX Inc., the proposed Crypto Blue Chip ETF will track a basket of five leading digital assets. It allocates 70% to Bitcoin (BTC), 15% to Ethereum (ETH), 8% to Solana (SOL), 5% to Cronos (CRO) and 2% to XRP. If approved, the ETF would list on NYSE Arca and issue shares in 10,000-share creation units, initially with cash-based creations and redemptions. CF Benchmarks will provide real-time pricing via its CME indices, and partnerships with Crypto.com underpin the CRO allocation. The inclusion of XRP, despite its smaller weight, signals growing institutional interest and could boost broader market acceptance. This filing broadens mainstream access to diversified crypto investment products and highlights rising demand for crypto ETFs.

BioSig Technologies and Streamex have secured up to $1.1 billion to acquire physical gold and launch gold tokenization on Solana. The funding combines $100 million in senior secured convertible notes with up to $1 billion in equity credit lines from Cantor Fitzgerald, Clear Street, Needham & Company and CIBC World Markets. This gold tokenization initiative aims to democratize investment through fractional ownership, 24/7 liquidity and on-chain transparency. By leveraging Solana’s high throughput and low fees, it removes custody and transfer barriers, cuts costs and streamlines trading. As a Real World Asset (RWA) product, tokenized gold bridges traditional finance and DeFi, offering institutions and retail investors reduced entry thresholds, continuous trading and immutable audit trails. BioSig’s merger with Streamex blends capital with tokenization expertise, positioning this gold tokenization project as a flagship RWA on Solana. Traders should watch for increased SOL demand and shifts in tokenized asset liquidity.

XRP futures open interest climbed to a five-month high, rising from 555 million to roughly 743 million XRP as traders increased their positions in perpetual contracts. Funding rates annualized above 10%, and spot prices held firm, indicating fresh capital inflows and growing conviction. On the charts, XRP is coiling within a large symmetrical triangle between $2.20 and $2.30, with solid support at $2.00 and resistance at the 50-day ($2.22) and 200-day ($2.36) moving averages. Technical indicators show an inverse head-and-shoulders pattern and an eight-month bullish pennant. A decisive close above the triangle’s upper trendline near $2.45 could trigger a breakout toward $3.20–$3.40, offering around 40% upside. Key catalysts include ongoing regulatory clarity from the Ripple vs. SEC case, an 85% chance of XRP ETF approvals, and a potential U.S. banking license for Ripple Labs. The XRP Ledger ecosystem is also expanding: total value locked rose to $62 million, the XRPL EVM feature launched, and stablecoin activity is shifting toward USDC, PYUSD, and RLUSD. RippleNet’s On-Demand Liquidity is driving institutional demand. Traders should monitor a close above $2.45 to confirm momentum, but legal outcomes and volatility remain risks, and a drop below $1.91 support would invalidate the bullish setup.

Linqto filed for Chapter 11 bankruptcy in Texas on July 8, 2025, disclosing over $500 million in assets, including a $450 million Ripple position. The Linqto bankruptcy filing follows an SEC investigation into alleged unpermitted share transfers, improper securities structuring, and sale of inflated Ripple shares by up to 60%, potentially breaching SEC markup limits. Former Linqto executives now face lawsuits over compliance failures and retaliation. A bankruptcy hearing is scheduled for Tuesday, where restructuring officers and debt advisors will testify. Ripple confirmed no formal partnership with Linqto beyond share ownership and halted secondary share approvals in late 2024 after a FINRA review. This Linqto bankruptcy and ongoing SEC investigation underscore growing regulatory scrutiny of secondary crypto markets. Crypto traders should note the risks in Ripple (XRP) trading and apply thorough due diligence.