The capitalization of the cryptocurrency market has exceeded $4 trillion for the first time Thanks to Bitcoin and a little to altcoins in the last couple of days$BTC
The flagship cryptocurrency could reach $155,000 in the coming months as a bullish pattern known as the 'golden cross' has formed on its chart again. This was noted by renowned trader Merlain.
Bitcoin's 'golden crosses', which occur when the 50-day simple moving average (SMA) crosses above its 200-day equivalent line, often lead to significant price increases. $BTC
The company reported that it sold all of its Bitcoin assets and acquired about 275 ETH. BTC Digital plans to finance new deals for acquiring the second-largest cryptocurrency through issuing and selling additional share packages on the stock market, as well as reinvesting income from ETH staking.
BTC Digital's CEO Siguang Peng stated that the transition from Bitcoin mining to accumulating and staking Ethereum will become the company's long-term strategy. According to the CEO, the ecosystem of the second cryptocurrency offers more opportunities for scaling and utilizing smart contracts, which aligns with the company's plans for developing its business in the decentralized finance (DeFi) sector.
The head of BTC Digital added that the company intends to increase its Ethereum reserves to $10 million by the end of the year.
Earlier, Ethereum co-founder Vitalik Buterin and blockchain developer Toni Wahrstätter proposed introducing improvement EIP-7983, which aims to enhance the security and resilience of the Ethereum ecosystem against DoS attacks.
Stocks of companies related to Ether continue to rise
Shares of companies related to cryptocurrencies rose in pre-market trading on Friday, with ether-related stocks leading after the second-largest cryptocurrency reached a six-month high. Shares of BitMine Immersion Technologies, which owns ether worth about $1 billion, jumped by 14%. Other companies holding ether, Bit Digital and BTCS, gained 4% and 12.5%, respectively.
According to BitMEX data, nearly 60% of participants in the presale of the initial coin offering (ICO) Pump.fun have already sold or transferred their tokens to centralized exchanges or other wallets. Referring to blockchain data, analysts from the cryptocurrency exchange reported that out of 107,145 participants in the PUMP presale, 6,042 wallets (59.6%) have already sold or transferred their tokens to centralized exchanges.
The World Liberty Financial token ($WLFI), backed by Trump, may rise to $1.50 when it becomes available for trading, according to Bitrue analyst Andri Fauzan Adziima. However, he warned that the rally may be short-lived. "WLFI could soar to $0.50–$1.50 upon listing in mid-2025, thanks to Trump's advertising machine and FOMO from retail investors, amplified by posts on X (formerly Twitter (NYSE:TWTR), blocked in the Russian Federation), calling it 'patriotic cryptocurrency' in a bull market," Adziima told Investing.com.
The developers intend to significantly increase the performance of the BNB Chain network, launched by the cryptocurrency exchange Binance. The programmers shared their plans, according to which updates are expected to be released from the second half of 2025 to 2026, including: Increasing the gas limit from 100 million to 1 billion;
🇺🇸 Trump may sign the stablecoin law as early as tomorrow
The U.S. House of Representatives is expected to hold a final vote today on the GENIUS Act, which regulates stablecoins. If approved, the document will be sent to President Donald Trump for signing. According to Fox Business journalist Eleanor Terrett, a signing ceremony is already scheduled at the White House for tomorrow.
On the same day, Republican Senator Tim Scott will hold a closed roundtable with colleagues from the banking committee. The discussion will focus on regulatory and compliance issues in the field of digital assets. Among the invited experts are Cardano founder Charles Hoskinson, former SEC commissioner Michael Piwowar, Algorand creator Silvio Micali, and other representatives from the industry and legal community.
Wolfe Research analysts urge investors to broaden their investments in digital assets, stating that it is time to more actively shift to altcoins. After strong growth in Bitcoin and Ethereum, the broker's analysts see increasing momentum across the broader cryptocurrency market, and technical signals indicate a potential breakout.
The cryptocurrency Cardano traded at $0.8170 at 13:12 (10:12 GMT) on the Investing.com Index on Thursday, with changes of 10.03% during the day. This was the steepest daily increase for the cryptocurrency since May 8. This growth pushed Cardano's market capitalization to $28.8203B, which is 0.75% of the market capitalization of all cryptocurrencies. Previously, at its peak, Cardano's capitalization was $94.8001B.
The growth of Ethereum is accompanied by record inflows of capital into American spot exchange-traded funds (ETFs).$ETH According to the trading session results on July 16, these Ethereum-based funds received a net capital inflow of $727 million from investors, marking the highest daily inflow since the funds launched in May 2024. Of this amount, $500 million went to the BlackRock fund.
Trump is likely to soon fire the chairman of the Federal Reserve System (Fed) Jerome Powell, Bloomberg reports citing a source in the White House. At the same time, he says that the president has not yet made a final decision.
As the agency notes, firing Powell could provoke instability in the financial markets and lead to large-scale lawsuits.
Trump has repeatedly criticized the Fed for maintaining the current level of interest rates.
The company with a reserve of TRX tokens is going public on Nasdaq with the ticker TRON
American company SRM Entertainment is rebranding, and starting July 17, its shares on Nasdaq will change their ticker from SRM to TRON. This is the final stage of the transformation into TRON Inc — a public company with a cryptocurrency reserve in TRX tokens.
In June, the company allocated $100 million to purchase 365 million TRX and staked them through JustLend, becoming the largest public holder of the token. At that time, TRON Inc announced a change in strategy and the inclusion of the founder of the Tron network, Justin Sun, in the strategic council.
Before the rebranding, the company was engaged in producing souvenir products for Disney, Universal, and other major theme parks, but now it positions itself as a company that has adopted the cryptocurrency reserve strategy following the example of Michael Saylor’s Strategy, but betting on Tron. Following this, SRM shares soared by almost 1000%.
Previously, Financial Times journalists wrote that the launch of Tron Inc was linked to the structures of Donald Trump's family. The son of the US President, Eric Trump, denied this but stated that he is a "big fan of Tron" and called Justin Sun "a great friend and an icon in the crypto space." $TRX