Yo, Binance Square fam! Here’s your daily crypto fix for July 31, 2025. From Bitcoin’s steady grind to altcoin action and regulatory shifts, we’ve got the latest to keep you ahead of the game. Let’s jump in! Market Highlights: BTC, ETH, and More Bitcoin (BTC) Stays Resilient: BTC is holding steady at ~$118,050, down slightly from its July 14 peak of $123,153. Analysts are eyeing $200K–$250K by year-end, driven by ETF inflows and institutional hype.
Ethereum (ETH) ETF Surge: ETH is trading at ~$3,845.90, with spot ETFs seeing massive inflows. Experts predict a potential $15K target by Q4 2025 if the bullish trend holds.
Solana (SOL) Outshines XRP: SOL leads XRP in futures open interest on exchanges like Kraken, trading at ~$195. Forecasts suggest SOL could hit $495 in 2025.
Regulatory & Industry Updates SEC Greenlights ETF Redemptions: The SEC approved in-kind creations and redemptions for Bitcoin and Ethereum ETFs, boosting liquidity and aligning them with traditional ETFs.
PayPal’s Crypto Expansion: PayPal now supports over 100 cryptocurrencies for U.S. merchant payments, pushing mainstream adoption further.
Bitmain’s U.S. Move: Bitmain plans to open a Bitcoin mining chip factory in the U.S. by 2026, strengthening crypto infrastructure.
Altcoins & Market Trends Cardano (ADA) Upgrade Buzz: ADA trades at $0.80, with the Leios upgrade aiming to rival Solana’s speed. Analysts hint at a potential 50x rally by 2026.
Memecoin Dip: The memecoin sector, including PEPE and BONK, dropped 6%, underperforming the broader market. Keep an eye on support levels!
Turkey’s Bitcoin Bet: Turkish mobility app Marti allocated 20% of its cash reserves to Bitcoin, signaling growing corporate adoption.
Caution: Security Alert CoinDCX Hack: Indian exchange CoinDCX lost $44M in a recent hack. Reminder to secure your funds with hardware wallets and 2FA!