Norway-Based Giant Mining Company Adds a New One to Its Bitcoin Investments!
Norway-based deep-sea mining and sustainable mineral extraction company Green Minerals AS has announced that it has signed a structured financing agreement worth 250 million Norwegian crowns (approximately $23 million) with global investment group LDA Capital to support its Bitcoin treasury strategy.
Green Minerals Signs 250 Million NOK Financing Deal to Grow Bitcoin Treasury According to the company, under this 12-month agreement, LDA Capital has granted Green Minerals an ATM (At-the-Market) share issuance option, which will allow the company to flexibly issue new shares depending on market conditions. This structure aims to both protect investor value and prevent unnecessary shareholding dilution. In addition, LDA Capital will have the right to purchase up to 1% of Green Minerals’ shares at a price of NOK 6.95 per share. This call option will be valid for 12 months. “In volatile market conditions, flexibility and sustainability are key factors. This financing model offers us strategic leeway in our goal of increasing our shares per Bitcoin ratio,” said Green Minerals Chairman Ståle Rodahl. LDA Capital has completed over $11 billion in traditional financing and $400 million in Web3 investments to date. This partnership with Green Minerals is a reflection of the flexible financing structures it has developed specifically for companies adopting digital asset treasury strategies. “We are pleased to support Green Minerals’ sustainable value creation strategy across digital assets and natural resources. This collaboration demonstrates LDA’s commitment to innovative opportunities,” said Warren Baker, Founding Partner of LDA Capital. Green Minerals said it will only disburse the funding in installments under favorable market conditions and will decide the timing and amount of each disbursement at its sole discretion. The company stated that it will inform the public if there are additional financing agreements in the future.
Bankrupt cryptocurrency lender Celsius filed a lawsuit against USDT $USDT issuer Tether in 2024, demanding the return of $2.4 billion worth of Bitcoin. The dispute between Celsius and Tether dates back to a 2022 agreement in which Tether provided USDT to Celsius, which sent Bitcoin (BTC) $BTC as collateral. Tether argues that Celsius is attempting to shift the blame for his own financial mismanagement onto Tether by requesting the return of approximately $2.4 billion worth of BTC (as of the date of the lawsuit), despite the liquidation being carried out at his direction and with his consent. While the case is ongoing, the US bankruptcy court allowed Celsius’ $4 billion (the current value of BTCs) BTC liquidation lawsuit against Tether to continue. At this point, the US bankruptcy judge rejected significant parts of Tether’s motion to dismiss the case and related motions. The judge also rejected Tether’s motion to dismiss the case. Celsius alleges in the lawsuit that Tether improperly liquidated more than 39,500 BTC during the crypto lender’s collapse in 2022, violating contract terms and U.S. bankruptcy law. Celsius alleges that Tether panic-sold bitcoins before the required legal deadline, selling them for less than their value and without Celsius’ approval. #TetherUpdate #tetherUsdt
Big Day for Altcoins Today: Chinese Analysts Weigh In
The first U.S.-based Solana staking exchange-traded fund (ETF) will begin trading tomorrow. According to Presto Research, the launch will serve as a “litmus test” to gauge institutional investors’ interest in altcoin ETFs and staking. Market reaction to the Solana ETF will reveal whether the underperformance of U.S.-listed Ethereum ETFs is due to Ethereum-specific problems or a lack of interest in altcoin ETFs in general, Presto Research analysts Peter Chung and Min Jung wrote in a note today. “Strong interest in the Solana$SOL ETF could indicate that the challenges experienced by Ethereum ETFs are chain-specific and the investment thesis is not flawed,” they said. The new ETF will not only provide investors with exposure to the Solana price, but also provide returns via staking. Chung and Jung noted that staking income is an important factor for institutional investors, adding, “A strong response would indicate that the return is valuable to institutional investors.” According to analysts, the fund’s $150 million inflow in the first month would represent a “solid start.” This development has also increased expectations for altcoin ETF applications that the U.S. Securities and Exchange Commission (SEC) is reviewing. Currently, the SEC has spot ETF applications on its desk for altcoins such as Solana, XRP, Litecoin, Dogecoin, and Pengu. Bloomberg ETF analysts James Seyffart and Eric Balchunas say they expect a “new wave” of ETFs in the second half of the year. According to Seyffart and Balchunas, the ETFs most likely to win approval this year will be Solana, Litecoin, and XRP. Meanwhile, the way for staking ETFs was also paved with an important decision made by the SEC in May. The SEC ruled that ETFs offering staking returns did not violate securities laws. The “Rex-Osprey Solana Staking ETF,” issued by Rex Shares and Osprey Funds, received SEC approval on June 27 and will begin trading on the exchange tomorrow. But this is not the first Solana-based ETF. Volatility Shares launched two futures Solana ETFs in March. #altcoins
Critical Move from Avalanche (AVAX)! Signed a New Partnership in the Country:-
While partnership news continues to come in the cryptocurrency market, the latest news came for the altcoin Avalanche$AVAX (AVAX), which is closely followed by Turks.
Accordingly, South Korean fintech foreign exchange platform Travel Wallet signed a cooperation agreement with Avalanche. Travel Wallet has signed a memorandum of understanding (MOU) with layer-1 blockchain platform Avalanche to develop a Korean won-based stablecoin, local news agency Naver reported. As part of the partnership, Travel Wallet plans to issue a stablecoin pegged 1:1 to the Korean won and use smart contracts to design a programmable stablecoin. As part of the collaboration, Travel Wallet and Avalanche plan to build a stablecoin-based next-generation financial payment infrastructure that can be applied in all areas for both consumers and businesses. This infrastructure can be used in areas such as integrated online and offline payments, B2B settlements for corporate customers, and financial automation solutions at home and abroad. Travel Wallet CEO Kim Hyung-woo said: “This project is an attempt to reimagine the way finance works with technology, beyond digital payments. It has great potential to expand into a global payments infrastructure and domestically in the future. “Based on technological reliability and regulatory compliance, we will build a stable stablecoin ecosystem that can be used both domestically and internationally.” As is known, the new president of South Korea, Lee Jae-myung, promised during his election campaign that the issuance, stock exchange listing and trading of spot ETFs based on crypto assets such as Bitcoin would be allowed. At this point, South Korean authorities will work to fulfill newly elected President Lee Jae-myung’s cryptocurrency promises. The Financial Services Commission (FSC) aims to prepare a plan for spot ETF promotion in the second half of the year and complete the regulatory system related to stablecoins in the same period. #AVAXUSD #AvalancheAVAX
Crypto Financial Services Company Matrixport Draws Attention to Bitcoin’s July Performance!
While Bitcoin (BTC) $BTC usually trades sideways during the summer months, July has historically been a month of positive performance, according to the latest chart analysis published by crypto financial services company Matrixport. Matrixport: July Is a Historically Strong Month for Bitcoin The analysis revealed that in seven of the last 10 years, Bitcoin closed July with an increase, with an average return of 9.1% in these months. It was emphasized that in the three years of decline, losses remained only in single digits. In particular, strong double-digit rallies were observed in five of these seven years of increase. $116,000 Target on the Agenda As July approaches, optimism and bullish expectations increase in the market, and according to Matrixport’s analysis, this historical trend may show itself again. The company shared its view that the Bitcoin $BTC price could test the $116,000 level in the coming weeks. This expectation is based on both past performance and the increase in investor sentiment in July. The analysis suggests that a combination of technical and sentimental indicators could mark the start of a new bullish wave in the market. #BTCbullish #DYMBinanceHODL #Btc
Bitwise Updated Bitcoin, Ethereum and Solana Price Prediction for 2025!
Bitcoin and altcoins have faced many challenging obstacles such as US President Donald Trump’s tariff policy in 2025. However, rally expectations for BTC and altcoins remain alive. At this point, Bitwise announced its expectations for Bitcoin$BTC (BTC), Ethereum (ETH) $ETH and Solana (SOL) for 2025. According to The Block, Bitwise CIO Matt Hougan updated their 10 predictions for 2025 in a note to their customers. Hougan first stated that there was no change in his Bitcoin prediction and that they maintained their $200,000 target for BTC. While Bitwise expects BTC to reach new highs and eventually $200,000 by the end of 2025, the same has not been true for ETH and SOL. “We remain true to our $200,000 BTC forecast as we expect institutional demand for BTC to be greater from 2024, further driving the BTC price higher.However, we are less confident that Ethereum and Solana will rally and reach new ATHs.However, we expect that the increasing interest in stablecoins, ETF approvals, and the emergence of ETH and SOL treasury companies could push prices significantly higher.” Bitwise announced that in its predictions at the beginning of the year, they set a target of $7,000 for Ethereum and $750 for Solana. Current Status of Predictions! Bitwise CIO listed the latest status of their predictions at the beginning of 2025 as follows: “Prediction 1: Bitcoin, Ethereum and Solana are expected to reach new all-time highs and Bitcoin is expected to trade above $200,000. – Still valid for Bitcoin but some hesitations for ETH and SOL. Prediction 2: Bitcoin ETFs will attract more inflows in 2025 than in 2024. – Still valid. Prediction 3: Coinbase will surpass Charles Schwab as the world's most valuable brokerage firm, with its stock price exceeding $700.- It seems unlikely. Prediction #4: 2025 will be the “Year of the Crypto IPO” with at least five crypto unicorns going public in the US – Still valid. Prediction #5: AI-driven token launches will lead to a bigger memecoin craze than in 2024. -Very Low Probability given. Prediction #6: Number of countries with Bitcoin will increase from 9 to 18. -Update: Unlikely. Prediction 7: Coinbase will enter the S&P 500 and MicroStrategy will enter the Nasdaq-100, thus providing cryptocurrency inflow to the portfolio of (almost) every US investor.- It came true. Prediction #8: The U.S. Department of Labor will loosen its guidance against crypto in 401(k) plans, sending billions #TrumpVsMusk #BinanceAlphaAlert
We Asked Elon Musk’s AI Grok for Bitcoin Price Predictions in 2030?
Grok, the artificial intelligence product of social media platform X, formerly known as Twitter and purchased by Elon Musk, is much talked about with the predictions it makes from time to time.
His predictions, especially about cryptocurrency markets, sometimes draw attention with the fine information he contains. As Bitcoinsistemi.com, we asked Grok about his predictions about the Bitcoin price in the current situation, that is, in an environment where the Bitcoin price is traded at $ 107,000. Although there are many other factors that can affect the BTC $BTC price, Grok has provided a table of predictions by year, using information from his database. Here is Grok’s analysis of the Bitcoin price predictions at the end of each year. Grok believes that the Bitcoin$BTC price will be around $120,000 by the end of 2025. He attributes this to the acceleration of institutional adoption and global economic uncertainty.On the other hand, Grok predicts that the BTC price will be around $150,000 by the end of 2026. He believes that the BTC price will be supported by rising mainstream acceptance and potentially massive ETF flows.Grok's price prediction for BTC by the end of 2027 is $180,000. He bases this on BTC gaining strength as digital gold due to rising inflation in the world.By 2028, Grok believes the Bitcoin price could reach $250,000, citing the next halving in 2028 as the reason for this.In the following year, 2029, Grok predicts a BTC price of $200,000, with an interesting decline after $250,000. He attributes this to the decrease in enthusiasm after the halving event in 2028.Finally, Grok believes that the price of Bitcoin could rise to $300,000 by 2030. He attributes this to geopolitical instability that could #BitcoinPrediction
Kazakhstan Plans Legal Framework for CryptoCity, Crypto-Powered City in Alatau
Tokayev described CryptoCity as a regulated sandbox for experimenting with crypto adoption. “We are planning to create a pioneering pilot zone called CryptoCity where cryptocurrencies might be used for purchasing goods, services, and even beyond,” he said. A full transcript of the speech was later published on the president’s official website.
While Tokayev did not provide many details, the initiative is the latest in Kazakhstan’s broader efforts to explore crypto use cases and integrate digital assets into its economy. The pilot zone is part of a wider strategy to attract technology ventures and capitalize on the growth of its domestic crypto market. Kazakhstan has been building digital financial infrastructure since launching a central bank digital currency (CBDC) pilot in February 2023. Programmability was a key feature from the beginning, planned to reduce corruption. That same year, the Center for Interbank Settlements was transformed into the National Payment Corporation, tasked with developing the CBDC platform. By November 2023, the country had launched the digital tenge in pilot mode with real users, including banks and their clients. The system used blockchain-based smart contracts to facilitate programmable payments. Banks involved in the pilot issued digital vouchers and cards to support usage. The government also partnered with Binance to test CBDC payments with selected merchants. Binance has since expanded its footprint in Kazakhstan with local investments and a digital asset exchange. Zhaslan Madiyev, Minister of Digital Development, told local media that officials are currently choosing a location for CryptoCity. “Of course, the most promising place for CryptoCity is the new city of Alatau—it’s the president’s initiative,” he said. Alatau, a research and technology hub near Kazakhstan’s southeastern border, is already home to a special economic zone and multiple science institutions. Regulators see potential synergies in adding CryptoCity to the area. “The concept is that cryptocurrency would be used as a means of payment—to pay in restaurants and cafes, buy real estate, and make investments,” Madiyev explained. “I believe this could be a major breakthrough for the blockchain industry.” #Kazakhstan
Bitcoin records third-best week of 2025ETFs persist with positive inflows through Middle-East tensionsCore Scientific leads crypto stocks on CoreWeave buy-out talksCorporate BTC treasury could be a ticking bomb for many Bitcoin delivered its third-best weekly performance of 2025, surging 7.33% to close at $108,386 as it rode on the cease-fire news after a couple of weeks of geopolitical tension in the Middle East. Bitcoin's weekly journey showed its ability to quickly absorb selling pressure while maintaining structure above earlier support levels. The week began around $100,987 before embarking on a steady climb that saw increasing momentum through each trading session.
The rally pushed Bitcoin $BTC dominance to a yearly high of 65.1% intra-week, reinforcing its position as the preferred digital asset during periods of uncertainty.
The week's momentum rose steadily after the momentary slip into "fear" territory on the Crypto Greed Index toward the end of the preceding week due to the US strikes on Iran. Sentiment quickly stabilised back to neutral at 52 as bulls regained control. Open Interest climbed 7.5% to $72.68 billion from the previous week, indicating renewed speculative positioning as traders positioned for potential breakouts. The combination of technical strength and improving sentiment metrics suggested underlying market health despite recent volatility from geopolitical events. ETF flows in the week more than doubled from the preceding week showing institutional conviction even as Bitcoin approached critical resistance levels. Three days of the last week recorded at least $500 million in ETF inflows, creating one of the most consistent five-day accumulation streaks this year. #StrategyBTCPurchase #StrategyBTCPurchase
South Korea Experiences Trading Volume Boom in 10 Altcoins – Here’s the List
South Korea's largest cryptocurrency exchanges Upbit and Bithumb have seen a notable increase in trading volume for some altcoins in the last 24 hours. Taking the lead on Upbit, Sahara AI (SAHARA) $SAHARA reached a total trading volume of over $157 million, including its volume on Bithumb. NFT-focused Pudgy Penguins (PENGU) saw a total of $123 million in transactions on the two exchanges, while XRP, which has been a favorite of the market for years, ranked in the top three with a volume approaching $91 million. Here are the most traded altcoins and their volumes on Upbit and Bithumb in the last 24 hours: Sahara AI (SAHARA) – $157 millionPudgy Penguins (PENGU) – $123 millionXRP – $91 millionLivepeer (LPT) – $72 millionSei (SEI) – $88 millionBitcoin (BTC) – $82 millionNewton Protocol (NEWT) – $47 millionMovement (MOVE) – $43 millionEthereum (ETH) – $52 millionSolana (SOL) – $41 million In addition, a total trading volume of approximately $1.5 billion was recorded in the last 24 hours on the two cryptocurrency exchanges.
Bitcoin Mining Companies’ Revenues Are Falling, But They’re Not Selling Why?
Cryptocurrency analytics company Alphractal has published a remarkable assessment of the Bitcoin $BTC mining industry.
The report notes that miners are not selling their Bitcoin reserves despite facing historically low profitability. Total transaction fees paid on the Bitcoin network have fallen to their lowest levels since 2012. This is attributed to the fact that on-chain activity has been extremely low this cycle, severely reducing miner revenues. Despite the recent decrease in hash rate, there has been no adjustment to the network difficulty yet. This delay further narrows miners’ margins and delays the network from reaching balance. The Bitcoin $BTC network is experiencing the highest hash rate fluctuations in its history. This is believed to be due to some major mining operations shutting down their ASIC devices, with falling revenues and decreasing network demand being cited as the reasons.
Despite the difficult mining conditions, the fact that miners have not yet sold their reserves is considered a positive sign. According to Alphractal, some mining pools may have scaled back their activities in line with the decline in global chain usage. With Bitcoin trading above $107,000, miners are thought to be reallocating hash power based on current demand.
According to the analyst firm, in past cycles, miners typically sold during periods of rapid price appreciation and increased network activity. However, both elements are currently at low levels, suggesting that the market may be in a period of “adjustment” rather than “capitulation.” #BTC #BinanceHODLerSAHARA #BTC110KToday?
Bitcoin Miners' Daily Income Drops to Three-Month Low!
While daily income of Bitcoin$BTC miners dropped significantly in June, according to CryptoQuant data, selling pressure is not yet felt in the market. Despite the decrease in income, miners continue to accumulate BTC. Bitcoin Miner Revenues at 2-Month Low, But No Selling Pressure According to the weekly report shared by CryptoQuant, the daily income of Bitcoin miners fell to $34 million on June 22, reaching the lowest level since April. This level stands out as one of the weakest earnings in the last year. The decline was driven by lower transaction fees and Bitcoin prices trading near local lows, weakening miners’ incentives to stay online. The Bitcoin $BTC network’s total processing power, hashrate, has fallen by 3.5% since June 16, the sharpest pullback since July 2024. While this suggests increasing pressure on miners whose profit margins have been squeezed post-halving, the expected panic selling has yet to materialize. The amount of BTC leaving miner wallets has decreased from 23,000 BTC per day in February to around 6,000 BTC currently. No major transfers to exchanges were observed either. Long-term investors, especially those known as “Satoshi-era miners” who produced coins in the early years of Bitcoin (2009-2011), are also maintaining their positions. While only 150 BTC were sold from these wallets in 2025, this figure was around 10,000 BTC in 2024. On the other hand, wallets that usually belong to medium-sized operations, mining addresses holding 100 to 1,000 BTC, have added another 4,000 BTC since March, bringing their balance to the highest level since November 2024. #BitcoinMiningNews
Why Did Bitcoin Hashrate Plummet After the U.S. Attacked Iran’s Nuclear Facility?
Iran has turned to cryptocurrency mining and trading since 2019, as its local currency has been devalued due to years of harsh international sanctions and high inflation. But experts say it is still nearly impossible to give an accurate estimate of how much Bitcoin$BTC (BTC) the country has mined. According to data from the University of Cambridge’s Centre for Alternative Finance in March 2021, Iran accounted for 7.5% of the global Bitcoin mining hashrate. This fell to just 0.12% in January 2022. Andrew Scott Easton, CEO of Bitcoin mining investment firm Masterminded, estimates that Iran has historically mined around 60,000 BTC. That’s roughly $6.4 billion at current prices. Sazmining CEO Kent Halliburton, on the other hand, says Iran may have mined between 100,000 and 200,000 BTC since 2018, and that the amount could range from $10.7 billion to $21.4 billion. The fact that Iran began granting legal permits for crypto mining in 2019 increases the importance of this period. But forecasts are complicated because much of Iran’s mining has moved underground to escape high electricity tariffs, said Rajat Ahlawat of regulatory firm Crystal Intelligence. According to the National Council of Resistance of Iran, around 1,000 legal crypto mining farm licenses were issued in 2020, while this number exceeded 10,000 in 2022. However, according to former President Hassan Rouhani, 85% of mining was unlicensed as of 2021. According to data from state electricity company Tavanir, around 700,000 illegal mining devices operate in the country. Ahlawat said licensed miners are unable to make significant profits due to high electricity tariffs, so many people are mining illegally in homes, mosques and schools – places with low-cost or free electricity. It is also thought that some organisations affiliated with the Iranian government are also mining in this way. Illegal mining operations put a serious strain on the country’s power grid, occasionally causing power outages across the country. Tavanir has launched a crackdown by offering rewards to those who report these activities. In 2022, 9,404 illegal mining devices were seized in Tehran alone in six months. Bitcoin’s hashrate dropped by 27.9% on Sunday after the US bombed Iran’s Fordow nuclear facility, which it built deep in the mountains. The drop fueled speculation on social media that Iran was mining Bitcoin in the mountains. However, some mining firms, such as Blocksbridge Consulting, have disputed this theory, stating that short-term hashrate fluctuations can be misleading. Ahlawat said there was no definitive evidence of mining taking place there, although he noted that nuclear facilities like Fordow have adequate electrical infrastructure. But if there were, he said, such an operation would be carried out by the Iranian government or its affiliates. The Iranian Revolutionary Guard Corps (IRGC) stands out as the country’s largest mining force. According to Easton, the IRGC may be the largest Bitcoin miner in Iran. However, the government’s history of hiding its mining activities makes it difficult to obtain accurate data in this area. As a result, it is not clear how much Bitcoin Iran has made to date. This is mainly because about 85% of mining activities have gone underground, and the government does not report these activities transparently. However, for many Iranians, crypto mining is one of the few ways they can make a living amid high inflation. #IranAttackIsrael #iranbitcoin #iran
Following the recent changes in the Bitcoin (BTC) price, how much BTC do companies owned by Elon Musk hold?
Elon Musk’s companies Tesla and SpaceX stand out with their combined BTC holdings of over $2 billion. It is estimated that both companies purchased BTC at around $32,000, and considering current market conditions, these investments have totaled around $1.5 billion in profits.
The amount of BTC held by SpaceX has reached 8,285 as of February 1, 2021. The current market value of these assets is calculated at approximately $896 million.
Tesla currently holds 11,509 BTC with its BTC investment that started on February 8, 2021. Tesla's average purchase price for these investments is stated as $ 33,539, while the company's profit rate in its Bitcoin position is currently at 222.62%. The market value of Tesla's current BTC $BTC portfolio is around $ 1.25 billion.
Tesla ranks 8th on the list of public companies that hold the most BTC worldwide with its Bitcoin reserves. At the top of the list is MicroStrategy. The company's total BTC holdings are at 592,345. Other notable companies in the top 10 include MARA Holdings (49,678 BTC), Riot Platforms (19,225 BTC) and Galaxy Digital Holdings (12,830 BTC).
Sure, here is the list of publicly traded companies that hold the most Bitcoin:
MicroStrategy, Inc. (MSTR) – 592,345 BTC MARA Holdings, Inc. (MARA) – 49,678 BTC XXI (CEP) – 37,230 BTC Riot Platforms, Inc. (RIOT) – 19,225 BTC Galaxy Digital Holdings Ltd (GLXY.TO) – 12,830 BTC CleanSpark, Inc. (CLSK) – 12,502 BTC Metaplanet Inc. (3350.T) – 12.345 BTC Tesla, Inc. (TSLA) – 11,509 BTC Hut 8 Mining Corp (HUT) – 10,273 BTC Coinbase Global, Inc. (COIN) – 9,267 BTC
One of the Largest Cryptocurrency Banks in the US Has Asked Its Customers to Sell Three Cryptocurrencies:
Anchorage Digital, a federally chartered bank that provides crypto custody services, has announced that it will be advising its institutional clients to divest from stablecoins such as USDC $USDC , Agora USD (AUSD), and Usual USD (USD0) and switch to Global Dollar (USDG) instead.
This decision brought about major debates in the crypto industry.
In support of this decision, Anchorage evaluated stablecoins according to criteria such as regulatory oversight and reserve asset management in its “Stablecoin Security Matrix” report.
“USDC, AUSD and USD0 no longer meet Anchorage Digital’s long-term durability criteria,” said Rachel Anderika, Head of Global Operations at Anchorage, in a statement, justifying this decision. Anderika said there is a risk of concentration in the issuance structures behind these assets and that this situation should be taken into account by institutional investors.
What’s the Latest on the Dream of a Major Altcoin Bull Run?
Cryptocurrency analysis firm Alphractal and its CEO Joao Wedson made remarkable assessments regarding the current state of the market.
Wedson noted that the Altcoin Season Index is providing signals of opportunity, but current data suggests that we are still in a Bitcoin-$BTC heavy period.
Wedson stated that the last 60-day data showed that Bitcoin outperformed altcoins. Stating that this situation should not be interpreted as a negative development, the CEO said, “This period, when altcoins are still lagging, may be a window to make savings.”
Stating that altcoins have remained weak against BTC in the last 48 hours, Wedson said, “However, history repeats itself; these cycles always repeat, a reaction movement may come soon.”
In the analysis conducted by Alphractal, it was stated that the Fear and Greed Index was at the level of 65, indicating that investor sentiment is still neutral or slightly optimistic.
The firm announced that Bitcoin’s Sharpe Ratio has started to rise again along with the price, indicating that BTC’s risk-adjusted return is improving and the rally is occurring on healthier ground. #BullRunAhead
Ripple CEO Makes “Step Back” Move in SEC Lawsuit – Experts Say XRP Spot ETFs
Cryptocurrency company Ripple has taken a significant step back in its nearly five-year-long lawsuit with the U.S. Securities and Exchange Commission (SEC). Ripple announced that it has withdrawn its appeal, choosing between “continuing or abandoning” the court’s two options.
Ripple $XRP CEO Brad Garlinghouse announced the decision today on social media platform X, saying the SEC is expected to similarly withdraw its own appeal. “We are closing this chapter forever and focusing on what really matters: building the Internet of Value,” Garlinghouse said. This development comes just after Judge Analisa Torres rejected the parties’ conditional settlement offer, which would have lifted Ripple’s preliminary injunction and reduced the company’s fines to $50 million. However, Torres noted that the parties failed to justify the change. If the SEC also drops its appeal, Ripple is expected to pay a total fine of $125 million, ending the case entirely. Following the development, a limited increase was observed in the XRP price. Market observers state that this step may open the door for new investment products. ETFStore President Nate Geraci said, “The closure of this case paves the way for spot XRP ETFs.” Geraci also argued that major investment companies like BlackRock are now in a more advantageous position to enter the XRP market. There are currently several XRP ETF applications before the SEC, and according to Bloomberg analysts, there is a 95% chance that these applications will be approved by the October deadline. #Xrp🔥🔥
What’s Next for Chainlink (LINK)? Analysis Firm Shares Must-Have Protection and Target Levels
Cryptocurrency analytics firm MakroVision has shared its technical assessment of Chainlink (LINK) price action. The company noted that LINK is showing an upward reaction from its strong support area at around $11, which it interprets as the first positive signal. According to the analyst firm, last week LINK retested the old downtrend channel (green) and the obvious $11 support. The overlap of these two technical elements created a strong support cluster. The upward movement from this level continued with an impulsive (sudden and strong) rise above the $12.70 level. This situation points to a possible V-bottom formation and carries a bullish signal. According to analysts, the $12.60-$12.90 range is being followed as a new support zone in the short term.
After that, according to MakroVision analysts, if LINK stays above the $12.60-$12.90 area, the short-term momentum could be in favor of the bulls. The next critical step is for the price to break above the blue downtrend channel. If that happens, the $16.50-$17.30 range stands out as the new target resistance area.
While Bitcoin Whales Prefer Binance, Altcoin Whales Are Rushing to This Exchange!
“Binance offered the most liquidity for Bitcoin, while Bitget was the most liquid platform for altcoins, ranging from 0.3% to 0.5%.” Speaking to Coindesk, Bitget CEO Gracy Chen commented on the Coingecko research and said that Bitget’s leadership stems from its infrastructure. “Altcoin liquidity is a measure of market depth and this ranking shows how far Bitget has come.Today, institutions drive 80% of our spot volume, futures activity by professional firms has doubled, and 80% of top funds trade on Bitget.” In XRP,$XRP Bitget dominated with a depth range of 0.3% (with a variance of $0.006), while Binance and Coinbase lagged behind with a depth level of 1% (with a variance of $0.006). A similar situation was true for Solana $SOL , while Bitget led other major exchanges with a 32% share in the 0.6% range in liquidity for SOL. According to the report, Bitget also led other exchanges by small margins in ETH and DOGE, but Binance maintained its leading position for Bitcoin. #altcoins
According to the official statement made by the company:
403,373 Ethereum (ETH) $ETH were purchased for 750,000 British pounds (approximately $1.028 million). The average purchase price was stated as 1,810 pounds. At the same time, 1.85606 Bitcoins (BTC) $BTC were purchased for 150,000 pounds (about $205,000), at an average price of 78,407 pounds. With these transactions, Vault Ventures' total crypto assets reached 437,843 ETH and 2.07606 BTC.
Company Chairman Brian Stockbridge said in a statement after the acquisition that there were disruptions in money transfers due to delays in the UK banking system, but this problem was resolved with newly established professional banking relationships.