Ethereum (ETH) Price Analysis: ETH Defends $2.5K Support as Bulls Eye Potential Golden Cross Breakout🔹
Ethereum (ETH) is showing strong resilience, holding support around the key $2,500 level despite recent volatility. Trading between $2,468 and $2,633 in the past 24 hours, ETH is in a consolidation phase, with decreasing volume indicating accumulation by long-term holders. Analysts highlight a potential bullish signal—the "golden cross," where the 50-day moving average crosses above the 200-day average—which could signal a sustained upward trend and boost market optimism.
Bitcoin Above $109K Signals Bullish Control and Potential Breakout 📈
Bitcoin has held steady above the crucial $109,000 support level, invalidating a bearish pattern and confirming that bulls are firmly in control, per Cointelegraph analysis . Technical indicators—like rising moving averages and RSI—support upside momentum, with analysts eyeing possible moves toward $116K and even a breakthrough above $150K if key resistance near $111,980 is surpassed. Meanwhile, strong inflows into spot Bitcoin ETFs and dwindling BTC reserves on exchanges reinforce the bullish case, though a drop below $109K could trigger a pullback to $105K or lower. $BTC
Stablecoin issuers generated nearly $10bn in revenue over the 12 months ending June 2025, led by Tether at $6.56bn, followed by Circle with $1.89bn, and Sky Protocol and Ethena with $384m and $332m, respectively.
The SEC has suspended Grayscale’s plan to convert its Digital Large Cap Fund into a spot ETF and placed it under further review, as the fund was set to list on NYSE Arca and include BTC, ETH, SOL, XRP, and ADA.
Jump Crypto Associated Wallet Moves All 7499 Bitcoins After Two-Year Dormancy
According to LookIntoChain monitoring, a whale wallet associated with Jump Crypto has just moved all of its 7,499 BTC (worth $816.48 million) to a new wallet after 2 years of inactivity.
The SEC pauses Grayscale's Digital Large Cap Fund conversion into an ETF covering $ BTC, $ ETH, $ XRP, $ SOL and $ ADA, placing it under further review ⏸
SEC Backs Tokenization, Pushes for Clearer Crypto Rules 📁
The SEC is endorsing tokenization of real-world assets to boost market efficiency and transparency. It’s also introducing clearer rules for crypto ETFs, custody, and token issuances—signaling a shift from enforcement toward structured regulation that supports innovation while protecting investors.
Bit Digital has raised a total of $162.9m through a public share offering to build an Ethereum treasury, marking its strategic exit from Bitcoin mining.
The company already holds 24,434 ETH ($59.8m) and plans to convert an additional 417.6 BTC ($44.9m) into ETH soon.
Binance Alpha and Binance Futures will list the Impossible Cloud Network (ICNT)
According to official sources, Binance Alpha will list and open trading for Impossible Cloud Network (ICNT) on July 3, 2025, at 18:00 (UTC+8). Additionally, the futures platform will launch the ICNTUSDT perpetual contract on July 3, 2025, at 21:00 (UTC+8), with up to 50x leverage. #TrumpVsMusk $BTC $SOL
Trump family’s Bitcoin-mining company raises $220 million😲
The Trump family's crypto venture, American Bitcoin—backed by Eric Trump and Donald Trump Jr.—has raised $220 million to expand its Bitcoin holdings and mining operations. About $10 million of the funds were immediately used to buy Bitcoin. The company, a subsidiary of publicly traded miner Hut 8, plans to invest in more mining equipment as well. The identities of the investors in the private stock sale were not disclosed.
Binance now accounts for 87% of global taker futures volume, solidifying its dominance in the market, while OKX, Deribit, BitMEX, and Bybit combined make up just 10%. $BTC $ETH $SOL