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  • PEPE gains 15%, leading top memecoins as WIF and BONK eye a rally

    PEPE gains 15%, leading top memecoins as WIF and BONK eye a rally

    Pepe Memecoin Is Surging

    • Pepe price has jumped 15% in the past 24 hours to lead top memecoins.
    • Dogwifhat price breaks above $1, hitting highs of $1.07 as bulls eye fresh gains above the psychological level.
    • BONK is up 41% in the past week, and the latest move extends its recent gains.

    As Bitcoin attracts headlines with a massive spike to a new all-time high, tokens like Pepe (PEPE) are outpacing peers to lead memecoins higher.

    The cryptocurrency market’s bullish flip has also seen Dogwifhat (WIF) and Bonk (BONK) show signs of further gains.

    PEPE’s bounce and WIF, BONK’s uptick coincides with Bitcoin breaking above $118,000 and Ethereum’s spike to above $3,000.

    Omni Network rose sharply while Sei traded higher as one of the top altcoins under $1.

    BTC and ETH recorded huge fund inflows as prices rose.

    Analysts say the gains for BTC highlights strong market sentiment and excitement.

    “Bitcoin trades at $118,000 this morning, marking a fresh all-time high. The rally reflects both market excitement and a foundation of strong macro drivers beneath the surface. One key catalyst is renewed frontloading by global manufacturers. Tariff threats are driving firms to import early and draw down credit, echoing past cycles of policy uncertainty,” the analysts posted on X.

    Pepe surges 15% to lead top memecoins

    Pepe (PEPE), a frog-themed memecoin, has emerged as the frontrunner in the current memecoin rally, posting a 15% gain in just 24 hours.

    PEPE price chart by CoinMarketCap

    Currently ranked among the top 30 cryptocurrencies by market capitalization, PEPE’s price has spiked by more than 31% in the past week. The upside sees PEPE break out of a falling wedge pattern, a bullish technical signal that suggests another leg up.

    Notably, the memecoin’s trading has surged 70% to $2.35 billion in the past 24 hours. The Pepe price reached $0.000013, about 54% off its all-time high above $0.000028.

    Bulls could eye this amid upward momentum. However, profitaking risk means bears might yet revisit support levels.

    Dogwifhat price breaks above $1 – a psychological level

    Dogwifhat (WIF), a Solana-based memecoin, has broken above the $1 mark. Per CoinMarketCap, WIF reached highs of $1.07, surpassing the key psychological level for the first time since early June.

    WIF price chart by CoinMarketCap

    WIF’s price surged by 8% in the past 24 hours builds on its 20% gain over the week.

    The token’s rise aligns with a spike in trading volume. Dogwifhat’s daily volume is up 39% to over $712 million amid broader crypto market optimism.

    The memecoin could target higher resistance levels if buying pressure persists. However, its recent dip to $0.85 highlights it as a potential support level.

    BONK price extends weekly gains to 41%

    Bonk (BONK), another Solana-based memecoin, has gained an impressive 41% over the past week. The token traded to intraday highs of $0.000024 as memecoins mirrored Bitcoin’s rally.

    BONK price chart by CoinMarketCap

    The memecoin is eyeing gains amid the sector’s recent performance that signals possible upward movement.

    As Bitcoin and Ethereum continue to drive market sentiment, BONK may look to break to the all-time highs of $0.00005916 seen in November 2024.

    As Bitcoin price hits new highs, altcoins and memecoins are benefiting from the spillover effect, with PEPE, WIF, and BONK among top gains
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  • Top 3 altcoins under $1 worth watching: Sei, Ethena, Arbitrum

    Top 3 altcoins under $1 worth watching: Sei, Ethena, Arbitrum

    Sei Token Among Top Coins To Watch

    • Sei eyes further gains as it breaks above $0.31 with a 20% surge in 24 hours.
    • Ethena price is above $0.35 and could eye the $1 psychological level amid fresh momentum
    • Arbitrum price has reached $0.41 and could explode amid adoption trends.

    The cryptocurrency market is in an uptrend, with several altcoins under $1, including Sei, Ethena, and Arbitrum, seeing notable gains in the past 24 hours.

    Sei has surged 20% in the last 24 hours, breaking above $0.31, while Ethena has spiked above $0.35. Elsewhere, Arbitrum trades above $0.41.

    With these tokens among the top 100 best performers as altcoins gain alongside Bitcoin, are they worth watching?

    Here’s a brief overview of each.

    Sei (SEI) price poised at $0.31

    Sei, a high-performance layer 1 blockchain designed for decentralized finance (DeFi) and high-frequency trading, has recently captured significant attention.

    On July 10, 2025, Sei announced a major milestone with the integration of native USDC and Circle’s CCTP V2, positioning it as a trusted financial rail for institutional-scale transactions.

    This development, coupled with a 20% price surge in the last 24 hours, underscores Sei’s potential to dominate the DeFi and payment sectors.

    As Sei continues to enhance its infrastructure for seamless, near-instant global settlement, it remains a coin worth watching for investors seeking exposure to high-speed blockchain solutions.

    The broader crypto market, currently at $3.6 trillion, is experiencing a bull flip. Sei broke above $0.30 and could eye a further upward trajectory.

    Bulls will target $1 having already seen the token tap the all-time high of $1.14 in March 2024.

    Ethena (ENA) breaks above $0.35

    Ethena, a delta-neutral stablecoin protocol based on Ethereum, has seen a notable price increase, surpassing $0.35 as top altcoins rallied alongside Bitcoin.

    The ENA token’s uptick in the past 24 hours comes amid listing by Upbit, South Korea’s largest crypto exchange. Upbit announced the listing of ENA trading pairs with KRW, BTC, and USDT, beginning July 11, 2025.

    Ethena, which aims to provide a stablecoin solution resilient to market volatility, could see its native token benefit from Upbit’s listing with further adoption and liquidity.

    The Ethena Lab’s focus on stability and its integrations across the market means it’s a key player in the stablecoin and DeFi sectors.

    Given the crypto market’s recent surge, Ethena’s one of the altcoins to monitor. ENA traded at an all-time high of $1.52 in April 2024.

    Arbitrum price breaks $0.41

    Arbitrum, an Ethereum layer-two (L2) scaling solution, has demonstrated strong performance. ARB price has reached $0.41 and looks bullish.

    Known for improving Ethereum’s speed, scalability, and cost-efficiency through optimistic rollups, Arbitrum is well-positioned to dominate the smart contract platform sector.

    Its native token, ARB, is used for governance within the Arbitrum DAO, further solidifying its role in decentralized applications (dApps).

    A 15% increase in Arbitrum’s price over the last 24 hours and 26% in the past week, aligns with the broader market’s uptick.

    If institutional interest in L2 solutions continues to rise, Arbitrum’s potential for further gains makes it a noteworthy altcoin under $1.

    The token traded at the ATH of $2.40 in January 2024.
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  • Omni Network skyrockets 180% as Bitcoin hits $118K: is $10 next?

    Omni Network skyrockets 180% as Bitcoin hits $118K: is $10 next?

    • Omni Network’s price soared 190% from $1.43 to $5.50.
    • The token’s trading volume spiked 5,200% to $749 million, driven by Bitcoin’s breakout to a new all-time high above $118,000.
    • Analysts say the altcoin season is looming, which could see the OMNI price eye $10 next.

    Omni Network surged a staggering 190% in a single day as the cryptocurrency market experienced a seismic shift, with Bitcoin smashing through $118,000 for another record high.

    Bitcoin’s gains saw the global crypto market capitalisation climb 6.2% to over $3.68 trillion.

    Meanwhile, an explosive rally across crypto saw $1.2 billion in liquidations.

    As OMNI eyes gain, there’s speculation of an impending altcoin season, and price may add on the surge to $5.40 seen earlier in the day.

    OMNI explodes, price nearly doubles

    Omni Network is a layer-1 blockchain focused on interoperability and has captured market attention with a staggering 190% price surge in the past 24 hours.

    The token skyrocketed from a low of $1.43 to an intraday high of $5.40, reflecting intense buying pressure.

    Omni Network Price
    Omni Network price chart by CoinMarketCap

    Notably, the altcoin’s trading volume exploded by 5,200%, reaching over $749 million.

    This came as investors piled into the token amid the broader market rally.

    Omni Network’s growing relevance in the decentralized finance ecosystem helped bulls.

    Altcoin season?

    The broader crypto market continued its rally alongside Bitcoin, with total market capitalisation climbing to $3.68 trillion—a 6.2% increase over the past 24 hours.

    Altcoins posted strong gains, led by Sei and Ethena, each up 20%, and Cardano, which rose 11%.

    The moves suggest a rotation of capital within the ecosystem, fueling speculation that a broader altcoin season may be underway.

    Arthur Hayes, former CEO of BitMEX, said the market appears to be on the verge of an altcoin cycle.

    He cited Bitcoin’s rise on strong volume and referenced geopolitical developments, including Trump’s stance on tariffs, as contributing factors.

    The bullish momentum is being supported by continued institutional inflows, reduced supply as investors move Bitcoin off exchanges, and growing interest in altcoins.

    As Bitcoin approaches the $120,000 mark, other major tokens like Ethereum, XRP, and Solana are also showing signs of accelerating upward.

    Projects such as Omni Network could also benefit from renewed altcoin interest as sentiment across the sector improves.

    Omni Network price prediction

    While the token remains well off its all-time high of $29.93, it’s up more than 230% since touching its all-time low of $1.37 reached on July 6, 2025.

    Omni Network Price Chart
    OMNI price chart by TradingView

    From a technical point of view, the RSI on the daily chart sits at 84, suggesting the OMNI token is deeply overbought.

    In this case, there’s potential for profit-taking, a risk that has cut across the market given recent gains.

    However, the MACD suggests bulls still have room for growth with the histogram rising.

    If buying pressure holds in the coming months, the OMNI price could target $10 next.
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  • Over $1.1 billion shorts obliterated as Bitcoin hits $118k

    Over $1.1 billion shorts obliterated as Bitcoin hits $118k

    Bitcoin Liquidations

    • Bitcoin saw a 5% daily surge that pushed BTC to a new all-time high above $118,000.
    • The sudden gains had shorts wiped out, with over $1.1 billion in short positions liquidated in 24 hours.
    • A trader on HTX was liquidated for $88 million.

    A spark of bullish momentum has seen Bitcoin smash through the $118,000 mark today, setting a new all-time high.

    The sharp move that had BTC moving from off the $110k low has triggered a massive wave of liquidations, which have wiped out over $1 billion in short positions across the cryptocurrency market in the past 24 hours.

    The surge, fueled by institutional demand, regulatory clarity, and macroeconomic shifts, has sent shockwaves through the crypto space, leaving traders and analysts scrambling to predict what’s next for the world’s largest digital asset

    Shorts see red amid $1.2 billion in liquidations

    Bitcoin, the crypto market’s bellwether, surged to a new all-time high of $118,403 on Friday, July 2025.

    Bitcoin price on the 7-day chart by CoinMarketCap

    Robust institutional demand and $1.18 billion in net inflows to Bitcoin spot ETFs on July 10 highlighted this move.

    Macro headwinds, with investors factoring in possible Fed rate cuts, have also added to the upside fuel.

    This rally triggered a massive short squeeze, with over $1.2 billion in crypto liquidations in the past 24 hours, a 140% increase from the prior day.

    The most dramatic fallout from Bitcoin’s surge was the annihilation of short-sellers.

    Over $1.11 billion in short contracts were liquidated in the past 24 hours, with $635 million tied to Bitcoin and $208 million to Ether, affecting 269,681 traders.

    One notable casualty was a single trader on the HTX exchange, whose $88 million short position was wiped out, underscoring the intensity of the market’s upward momentum.

    Whales make moves as Bitcoin surges

    With Bitcoin breaking a new all-time high, large holders were keen to keep hold of their windfalls.

    It included a Binance whale’s “powerful punch” that helped the market higher. CryptoQuant highlighted this in a post on X.

    “Until recently, whales on the US-based Coinbase exchange were driving the market, but today’s surge was driven by a significant move from a major whale on the Binance exchange,” said CryptoQuant’s DanCoinInvestor.

    While others bought BTC, some scrambled to preserve their positions amid massive liquidations.

    According to Lookonchain, a whale who was down by more than $10 million on a 1,135 BTC or $132.65 million short position, opted to deposit more funds to avoid liquidation.

    The whale added the $5.5 million USDC to his position on Hyperliquid with a new liquidation price of $121,080.

    James Wynn, recently in the headlines for major losses, has also seen positions wiped out in the last 24 hours.

    As BTC eyes further gains, analysts are saying the supply-side dynamics are tightening.

    For instance, Glassnode has noted that long-term holders and smaller entities are accumulating Bitcoin faster than its issuance rate.

    This accumulation, coupled with compressed volatility across all timeframes, has set the stage for Bitcoin’s breakout, with analysts eyeing $120,000 as the next psychological target.
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  • Bitcoin price hits new ATH near $114k but holders keep BTC off exchanges

    Bitcoin price hits new ATH near $114k but holders keep BTC off exchanges

    Bitcoin Price Hits New ATH

    • Bitcoin price hit a record $113,923, driving altcoins higher.
    • Despite the new BTC peak, exchange reserves continue to plummet.
    • Investors’ reluctance to sell, despite the price spike, signals strong belief in Bitcoin’s future performance.

    Bitcoin (BTC) surged to a new all-time high of $113,923, pushing the broader cryptocurrency market into fresh bullish momentum.

    Yet, as BTC looks to rally further, analysts are saying the market is in no rush to cash in on the windfall, with holders choosing to keep their coins off exchanges to continue a trend seen over the past several months.

    Notably, Bitcoin has rallied more than 98% in the past year and over 13% since its recent lows in June.

    Bitcoin price chart on CoinMarketCap

    However, while most coins have hit profit-taking turbulence, Bitcoin holders have shown a remarkable reluctance to move their coins back to exchanges, signaling a shift toward long-term storage and self-custody. Also bullish for BTC that could eye the $120k level next.

    BTC on exchange drops despite Bitcoin spike to new ATH

    Despite Bitcoin’s dramatic climb to its latest all-time high, which it set at $113,923 on Thursday, July 10, 2025, data from shows on exchange balances continue to slip.

    Santiment reveals a significant decline in the amount of BTC held on exchanges, noting that over the past four months, a net drop of 315,830 Bitcoin has left exchanges.

    This equates to a 21% reduction in net exchange balances, with the trend extending months back.

    Indeed, exchange reserves for BTC are at lows last seen years ago.

    A staggering 1.88 million BTC has moved away from exchanges since July 2020, indicating a 61% drop.

    “Overall, the trend of coins staying off exchanges is a sign that the threat of sudden market plummets is more limited, and long-term investors are increasingly content to keep their coins safe in personal storage for the long run,” the platform posted on X.

    This reduction suggests a potential supply shock, as less BTC availability on exchanges could limit sudden market dips, while helping prices edge higher.

    Bitcoin exchange balances vs. price chart. Source: Santiment

    Bitcoin holders not in a rush to sell

    Santiment analysts’ bullish take aligns with insights from CryptoQuant, which noted on X that Bitcoin exchange reserves are at a seven-year low.

    The values have dropped below 15% of the total supply for the first time since 2018. Like Santiment, CryptoQuant analysts see the scarcity as a bullish signal.

    “Bitcoin hit an all-time high, but selling pressure is nowhere to be seen,” the platform wrote. “Exchange inflows dropped to just 18K BTC/day, the lowest since 2015…That’s a 78% decline from the $100K breakout in November. Holders aren’t rushing to sell.”

    As the analysts explain, the reluctance to return BTC to exchanges reflects a bullish trend and a growing preference for personal storage.

    This behavior is particularly pronounced among long-term holders, who appear content to hold their assets offline.
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  • XRP price targets breakout above $3 as BTC hits fresh ATH

    XRP price targets breakout above $3 as BTC hits fresh ATH

    XRP price

    • XRP price has gained 5% to hit $2.50, its highest level in nearly two months.
    • Ripple’s token appears poised to challenge its 2025 high of $3.40.
    • A breakout could potentially bring the all-time high of $3.84 into view, though support lies around $2.29 and $2.10.

    Ripple’s XRP posted a strong uptick as the cryptocurrency market witnessed a fresh dose of optimism amid Bitcoin’s surge to a new all-time high above $113,718.

    Bitcoin’s rally, which saw the benchmark digital asset trade more than 4% in the past 24 hours, saw Ethereum (ETH), Solana (SOL), and BNB (BNB) hit key price levels. Amid this bullish wave, XRP broke to $2.5, reaching its highest level since May 2023.

    This uptick, bolstered by fundamental developments and Ripple CEO Brad Garlinghouse’s recent Senate testimony, has sparked speculation about a potential breakout above $3, with analysts eyeing a new all-time high for XRP.

    XRP price: bulls reach $2.5

    XRP has surged to $2.50, marking a 5% increase in the last 24 hours and a nearly 11% gain in the past week. The altcoin’s upward momentum saw it reach its highest price since May 2023, when it traded above $2.58.

    Gains on the day come as the broader cryptocurrency market rides a fresh wave of bullish sentiment. As noted, Bitcoin’s new peak above $113k has seemingly set the tone for altcoin rallies.

    ETH and SOL have posted gains of 5% to 6%, while BNB is looking to follow suit with a 2% uptick in the last 24 hours.

    XRP chart on CoinMarketCap

    Ripple’s strategic advancements, including its application for a US banking license and a partnership with BNY Mellon to custody Ripple’s USD-backed stablecoin, RLUSD, have buoyed XRP price.

    Additionally, Garlinghouse’s testimony before the US Senate Banking Committee on July 9, 2025, where he emphasized regulatory clarity for digital assets, has reinforced XRP’s position as a major crypto market player.

    Ripple price prediction: Is XRP set for new all-time high?

    As altcoins stack gains, analysts are increasingly optimistic about an altseason.

    XRP’s trajectory, with derivatives markets signaling strong bullish momentum and key fundamental milestones, could rally hard.

    According to Coinglass, XRP’s futures open interest has surged to $5.89 billion, up 6%. Growing investor confidence and speculative bets on further price increases have also seen the derivatives volume surge over 27% to $9.84 billion.

    On the technical front, XRP’s chart shows promising signals.

    XRP Price
    XRP chart by TradingView

    The daily chart shows the Relative Strength Index (RSI) at 69, indicating strong buying pressure.

    While it is upsloping, the RSI has not pierced into the overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) displays a bullish crossover, suggesting upward momentum.

    If upside strength holds, a break to resistance at $2.70 will bring $3.00 into play. The all-time high of $3.84 will be the next target. On the flipside, the critical support area is at $2.29 and $2.10.
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  • Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

    Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

    Ethereum Price

    • Ethereum’s price rose 6% to above $2,800, driven by Bitcoin’s rally to $112,000 and optimism around ETH whale activity.
    • The gains came as over $500 million in leveraged positions, including $139 million in ETH, were liquidated.
    • Institutional interest and increased buying could drive Ethereum’s price higher.

    Ethereum (ETH) rose a decent 6% in 24 hours to reach highs above $2,800, with the top altcoin buoyed by a broader market rally.

    This is after Bitcoin (BTC) soared to a new all-time high above $112,000.

    However, the sharp price movements triggered widespread liquidations, with over $500 million in leveraged positions wiped out across major exchanges.

    Most of these were shorts, with cryptocurrencies rising alongside stocks on Wednesday.

    Ethereum hits $2,800 as crypto sees market momentum

    Ethereum’s climb to $2,821 in early trading on Thursday came as Bitcoin’s breakout above $112k lifted the broader digital assets space.

    It’s this bullish sentiment that has ETH price up more than 6% and on the cusp of a breakout above $3,000.

    According to data from CoinGecko, Ethereum’s trading volume spiked by 69% to over $29.8 billion, reflecting heightened market activity.

    Apart from a broader market upswing, ETH is benefiting from regulatory developments and the anticipation of what is next for the top altcoin.

    Whales and institutions are aggressively buying ETH, with Abraxas Capital withdrawing 29,741 ETH worth $81 million from crypto exchanges Binance and Kraken.

    Lookonchain shows the transactions occurred within the last 12 hours.

    Another wallet withdrew over 25k ETH tokens worth over $70 million from Kraken.

    Notably, SharpLink Gaming, a company that holds over 205,634 ETH worth over $575 million, added to its haul with another 5,072 ETH worth over $13.5 million.

    Over $500 million in liquidation signals market volatility

    As Bitcoin and Ethereum rallied, the broader crypto market experienced over $500 million in liquidations, largely impacting leveraged traders who were caught off guard by the sharp price moves.

    Data from Coinglass shows that total liquidations surged 285% in the past 24 hours, reaching over $538 million.

    The bulk of the losses came from short positions, as traders betting against the market’s upward momentum faced significant losses.

    Ethereum alone accounted for $156 million in liquidations, with $139 million of that tied to short positions, according to Coinglass.

    Despite the liquidations, market sentiment remains cautiously optimistic, with institutional inflows into crypto exchange-traded funds (ETFs) and stablecoin reserves signaling sustained demand.

    As Bitcoin continues to set new benchmarks, Ethereum’s role as a foundational blockchain for decentralized applications ensures its relevance in the evolving crypto landscape.

    Currently, the Ethereum price has a key support zone near $2,500.

    Meanwhile, a symmetrical triangle pattern suggests upward potential and is eyeing the $2,850 resistance.

    If price breaks above $3k, it could target the $4k and all-time high levels.
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  • Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin has once again smashed through its previous records, surging past the $112,000 mark for the first time in its history to set a new all-time high on July 9.

    The milestone represents a significant achievement for the leading cryptocurrency as it continues to recover from the market aftershocks of US President Donald Trump’s tariff policies and solidifies its position in an evolving financial landscape.

    As the broader crypto market continues its recovery, Bitcoin (BTC) hit a new record high of $112,055 on Tuesday. This fresh peak surpasses the previous all-time high of $111,970.17, which was set on May 22.

    The digital asset has been trading in a volatile range since then, with the area around the $110,000 level proving to be a significant psychological and technical barrier.

    Over the past several weeks, each time Bitcoin’s price neared this level, it was met with a combination of profit-taking from existing holders and increased pressure from short-sellers.

    This latest decisive break suggests a new wave of bullish momentum has taken hold.

    The journey of Bitcoin, first introduced in a 2008 white paper by its pseudonymous creator, Satoshi Nakamoto, has been remarkable.

    Launched in 2009 as the world’s first decentralized cryptocurrency, it has grown to become the largest digital asset, with a current market capitalization of $2.18 trillion.

    At the time of this report, Bitcoin accounted for nearly 65% of the total crypto market capitalization of $3.4 trillion.

    From crossing the $100 mark in April 2013 to the $1,000 mark in November of that same year, its path has been marked by staggering growth.

    It first hit the $10,000 level in November 2017 and reached a memorable peak of $69,000 in November 2021.

    Following President Trump’s victory in his second presidential election, it set a new all-time high of $76,999 in early November 2024, before crossing the landmark $100,000 target in early December 2024.

    The institutional bedrock: a maturing market

    A key factor underpinning Bitcoin’s current strength is its growing acceptance within the traditional financial system.

    With the Trump administration signaling its validation of Bitcoin through its plan to create a strategic US Bitcoin reserve, and with the continued institutional adoption led by Wall Street giants such as BlackRock (NYSE: BLK), the “king coin” appears to have found a more secure home, at least for now, within the US financial ecosystem.

    BlackRock’s iShares Bitcoin Trust, a prime example of this institutional integration, now currently owns 3.5% of the total supply of Bitcoin.

    The success of this and other spot Bitcoin ETFs has had a profound effect on institutional investment and has likely influenced the broader market optimism.

    A quiet build-up, a bullish setup?

    While the new all-time high is a headline-grabbing event, some market watchers have noted that the build-up to this moment has been relatively slow and quiet, which they interpret as a potentially bullish setup for what’s to come.

    “Crypto feels so quiet, [while] bitcoin is ready to move,” wrote Charlie Morris, chief investment officer at ByteTree, in a recent report.

    Morris pointed out that Bitcoin’s volatility has been steadily declining, a pattern that has historically preceded large upward price movements.

    This sentiment was reflected in the performance of crypto-related stocks. Shares of Strategy (MSTR) were higher by 4.4%, trading at $414, just a few dollars shy of its highest level in 2025 (though still well below its record high of $543 set late last year).

    Crypto exchange Coinbase (COIN) was ahead by 5%, and Bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT) were both up by roughly 6%, all riding the wave of Bitcoin’s record-breaking achievement.
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  • Donald Trump Jr. backs social media startup aiming to become a crypto powerhouse

    Donald Trump Jr. backs social media startup aiming to become a crypto powerhouse

    Donald Trump Jr. invests $4M in crypto-focused startup Thumzup despite minimal revenue.

    Donald Trump Jr. has sparked fresh interest with a $4 million stake in Thumzup Media Corp., a little-known Los Angeles startup navigating the crowded world of social media and advertising tech.

    Thumzup, which pays everyday users to promote brands on Instagram, hasn’t made much noise financially as it reported just $151 in revenue and over $2 million in losses in the first quarter of 2025.

    Still, the company has become a curious symbol of a rising trend: businesses stockpiling cryptocurrency as part of their corporate strategy.

    Trump Jr.’s 350,000 shares’ worth move seems less about short-term earnings and more about backing a new kind of digital play.

    Thumzup’s board has greenlit a bold shift in strategy: allowing up to 90% of the company’s liquid assets to be held in Bitcoin.

    As of early July, the company held 19.106 BTC, roughly $2.1 million at current market value.

    While the “Bitcoin treasury” playbook has been popularized by companies like MicroStrategy, Thumzup appears to be taking it a step further.

    After raising $6 million in a recent private funding round, the board gave the go-ahead to diversify its crypto holdings to include Ethereum, Solana, Dogecoin, Litecoin, Ripple, and USD Coin.

    Company leaders say the expanded portfolio is designed not just to hedge against Bitcoin’s volatility, but also to tap into the broader upside of the crypto market.

    It also opens the door for accepting crypto payments from Thumzup’s growing base of over 1,000 advertisers.

    Trump family’s growing interest in crypto

    The Trump family is making deeper inroads into the crypto world.

    Both Donald Trump Jr. and his brother Eric are advising Dominari Securities, the firm that led Thumzup’s recent funding round and began investing in a Bitcoin ETF earlier this year.

    Eric has also taken a seat on the board of Metaplanet, a Japanese company that pivoted from the hospitality business to becoming a major Bitcoin holder.

    At the same time, Trump Media & Technology Group, which owns Truth Social, recently locked in $2.3 billion in funding, much of it reportedly aimed at Bitcoin-related investments.

    The Trump family’s deepening ties to cryptocurrency mark a sharp shift from their earlier stance. Once a vocal skeptic, former President Donald Trump now says he wants to make the US the “crypto capital of the world.”

    For the Trumps, embracing crypto isn’t just about financial opportunity, it’s also a strategic move to connect with a growing base of digital asset enthusiasts and stay relevant in a fast-changing economic landscape.
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  • Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin continues to trade in a narrow range as the Asian trading day begins on Wednesday, with the world’s largest digital asset changing hands above $108,900.

    This period of consolidation comes as market observers point to a lack of strong conviction, even as a new filing reveals plans from Trump Media & Technology Group to launch a diversified ‘Crypto Blue Chip ETF’.

    Bitcoin is holding its ground, and the CoinDesk 20 index, a broad measure of the largest digital assets, is up 1.7% to over 3,100, according to CoinDesk market data.

    However, the current price action feels more like a drift than a decisive rally.

    According to market observers, what separates Bitcoin’s current position from a sustained push past the $110,000 mark is a lack of clear market conviction.

    In a recent report, on-chain analytics firm Glassnode highlighted several indicators of this hesitancy.

    Spot trading volumes for Bitcoin continue to linger below their usual statistical bands, and inflows into spot Bitcoin ETFs have contracted sharply from their recent highs.

    Furthermore, institutional investors appear cautious, despite sitting on significant unrealized gains, as shown by elevated ETF Market Value to Realized Value (MVRV) ratios.

    Trading firm Wintermute, in a market update from earlier this week, described this environment as a “barbell market.”

    They pointed to a stark divide between renewed enthusiasm in high-beta, high-risk assets like memecoins, and a preference for the stability of established large-cap tokens like Bitcoin and Ethereum.

    Notably, last year’s “narrative darlings,” such as AI and DePIN (Decentralized Physical Infrastructure Networks) tokens, have lost investor attention.

    This suggests that traders are either rotating into the speculative frenzy of memecoins—many of the major ones like DOGE, SHIB, and PEPE are up over 8% in the last week—or they are staying put in the perceived safety of BTC and ETH, which are seen as battle-tested and secure.

    With global equity markets largely shrugging off recent geopolitical uncertainties, Bitcoin’s current hesitancy underscores a lingering caution among crypto traders.

    The market seems to be awaiting a clearer directional signal before making a decisive move higher, and things are likely to remain range-bound until that catalyst appears.

    Trump Media’s crypto gambit: the ‘Blue Chip ETF’

    Adding a new dimension to the crypto investment landscape, Trump Media & Technology Group (DJT) has revealed plans to launch another exchange-traded fund (ETF), this one designed to hold more than just Bitcoin and Ether.

    The Truth Social parent company, founded by President Donald Trump, filed on Tuesday to create the “Truth Social Crypto Blue Chip ETF.”

    According to the filing, the proposed fund would be composed of 70% Bitcoin and 15% Ether, complemented by an 8% allocation to Solana, 5% to Cronos, and 2% to XRP.

    The filing stated that the proposed fund would trade on the New York Stock Exchange’s Arca platform, a popular venue for ETFs.

    This news follows a move by Trump Media last month to file for two other ETFs: one that would invest 75% of its assets in Bitcoin and the remainder in Ether, and another that would be comprised solely of Bitcoin.

    In all three instances, Trump Media has indicated that the launches would happen “later this year.” Back in March, Crypto.com announced that it would partner with Trump Media to offer these ETFs.

    This series of filings underscores Trump Media’s deepening commitment to the digital asset space, following its announcement in May of a plan to raise $2.5 billion to purchase Bitcoin for its corporate treasury.

    As of the latest market data, Bitcoin was trading just below $109,000, while Ether was changing hands above $2,600.

    The other components of the proposed ETF, Solana, Cronos, and XRP, were trading at about $151, 10 cents, and $2.30, respectively.

    Shares of Trump Media (DJT) rose close to 3% on Tuesday following the filing, though they remain down more than 40% for the year 2025.
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