Cristen Liberati wR6r
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The digital asset company Bit Digital changed its treasury strategy, moving from Bitcoin to #Ethereum . They claim that this change reflects their belief that Ethereum can "rewrite the entire financial system".
To make this acquisition, Bit Digital used 172 million dollars obtained from a recent public offering and funds generated from the sale of 280 Bitcoin.
Currently, Bit Digital is the second largest holder of ETH on the exchange, behind Coinbase. With over 100,603 ETH, the company's stock rose 29% after the news, surpassing one billion dollars in market capitalization.
The CEO of Bit Digital, Sam Tabar, stated that the company is aligning with Ethereum's long-term potential to become "the world's most prominent ETH holding company" as a treasury-focused platform for public markets.
$ETH
To make this acquisition, Bit Digital used 172 million dollars obtained from a recent public offering and funds generated from the sale of 280 Bitcoin.
Currently, Bit Digital is the second largest holder of ETH on the exchange, behind Coinbase. With over 100,603 ETH, the company's stock rose 29% after the news, surpassing one billion dollars in market capitalization.
The CEO of Bit Digital, Sam Tabar, stated that the company is aligning with Ethereum's long-term potential to become "the world's most prominent ETH holding company" as a treasury-focused platform for public markets.
$ETH
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#Toncoin rises due to the golden visa program in the UAE
The launch of the golden visa program in the United Arab Emirates (UAE) has had an immediate impact on the price of Toncoin (TON). On July 6, 2025, the UAE government announced that it would allow foreign citizens to obtain residency for 10 years if they lock $100,000 in TON for three years.
Immediate effect on the price of TON
In just 24 hours, the price of TON rose by more than 6%, reaching $2.89 after a peak of $3.08. This increase is partly due to the strategic alliance that drastically reduces the circulating supply of TON, as the tokens are locked in smart contracts with no possibility of early withdrawal.
A technical boost and breakout of resistance
Additionally, the price of TON broke through a key resistance by surpassing $2.75, reversing a bearish trend that had been ongoing since May. Trading volume increased by 300% within hours, suggesting that this bullish breakout has technical backing and is not just speculative.
$TON
The launch of the golden visa program in the United Arab Emirates (UAE) has had an immediate impact on the price of Toncoin (TON). On July 6, 2025, the UAE government announced that it would allow foreign citizens to obtain residency for 10 years if they lock $100,000 in TON for three years.
Immediate effect on the price of TON
In just 24 hours, the price of TON rose by more than 6%, reaching $2.89 after a peak of $3.08. This increase is partly due to the strategic alliance that drastically reduces the circulating supply of TON, as the tokens are locked in smart contracts with no possibility of early withdrawal.
A technical boost and breakout of resistance
Additionally, the price of TON broke through a key resistance by surpassing $2.75, reversing a bearish trend that had been ongoing since May. Trading volume increased by 300% within hours, suggesting that this bullish breakout has technical backing and is not just speculative.
$TON
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Invesco and Galaxy seek approval for #etf of #solana
The investment giant Invesco and the crypto asset manager #GalaxyDigital have submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) based on Solana. This intensifies the competition to be the first to offer a U.S.-regulated product linked to this popular blockchain network.
Details of the proposed ETF
The Invesco Galaxy Solana ETF would trade on the Cboe BZX exchange under the symbol "QSOL". Invesco Capital Management LLC would be the fund's sponsor, while Galaxy would be responsible for acquiring SOL tokens. Bank of New York Mellon would act as the administrator and Coinbase Custody Trust Company would be the custodian.
The race for the first Solana ETF
Invesco and Galaxy join a growing list of issuers seeking to launch products based on Solana. Their rivals VanEck, Bitwise, and 21Shares have also submitted applications for Solana ETFs in recent months, taking advantage of hopes that the SEC will adopt a more friendly approach towards financial instruments linked to cryptocurrencies.
A step toward regulatory approval
Following the historic approvals of spot Bitcoin and Ethereum ETFs, the SEC requested Solana ETF issuers to modify their S-1 filings, which could indicate a possible regulatory authorization. Will Invesco and Galaxy obtain approval for their Solana ETF?
$SOL
The investment giant Invesco and the crypto asset manager #GalaxyDigital have submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) based on Solana. This intensifies the competition to be the first to offer a U.S.-regulated product linked to this popular blockchain network.
Details of the proposed ETF
The Invesco Galaxy Solana ETF would trade on the Cboe BZX exchange under the symbol "QSOL". Invesco Capital Management LLC would be the fund's sponsor, while Galaxy would be responsible for acquiring SOL tokens. Bank of New York Mellon would act as the administrator and Coinbase Custody Trust Company would be the custodian.
The race for the first Solana ETF
Invesco and Galaxy join a growing list of issuers seeking to launch products based on Solana. Their rivals VanEck, Bitwise, and 21Shares have also submitted applications for Solana ETFs in recent months, taking advantage of hopes that the SEC will adopt a more friendly approach towards financial instruments linked to cryptocurrencies.
A step toward regulatory approval
Following the historic approvals of spot Bitcoin and Ethereum ETFs, the SEC requested Solana ETF issuers to modify their S-1 filings, which could indicate a possible regulatory authorization. Will Invesco and Galaxy obtain approval for their Solana ETF?
$SOL
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New opportunities for #Xrp🔥🔥 and other cryptocurrencies
The recent announcement that President #DonaldTrump signed the #BigBeautifulBill has generated interest in the cryptocurrency community. This development could boost the adoption of coins like #xrp and #XLM in the digital financial infrastructure.
Prepared for fast and regulated payments
With this new political scenario, cryptocurrencies could have an opportunity to integrate fast and efficient payments into the economy. The blockchain technology behind coins like XRP could play a key role in creating a more efficient and regulated digital financial system.
A promising future for XRP and similar coins?
The news has generated excitement among advocates of cryptocurrencies like XRP and XLM. Will these coins be able to seize this opportunity to increase their adoption and become an integral part of the digital financial infrastructure?
$XRP $XLM
The recent announcement that President #DonaldTrump signed the #BigBeautifulBill has generated interest in the cryptocurrency community. This development could boost the adoption of coins like #xrp and #XLM in the digital financial infrastructure.
Prepared for fast and regulated payments
With this new political scenario, cryptocurrencies could have an opportunity to integrate fast and efficient payments into the economy. The blockchain technology behind coins like XRP could play a key role in creating a more efficient and regulated digital financial system.
A promising future for XRP and similar coins?
The news has generated excitement among advocates of cryptocurrencies like XRP and XLM. Will these coins be able to seize this opportunity to increase their adoption and become an integral part of the digital financial infrastructure?
$XRP $XLM
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🇺🇸 | "The dollar will be worthless if the United States does not do something about its national debt".
#ElonMusk
#ElonMusk
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#ElonMusk launches the "America Party" to influence Congress
Tech magnate Elon Musk has initiated the "America Party", a political party that aims to secure between 2 and 3 seats in the Senate and between 8 and 10 in the House of Representatives in key districts across the United States. Musk's strategy diverges from traditional third-party approaches, focusing on having limited but impactful influence in Congress.
Musk's strategy: strategically assigning seats
Musk's plan seeks to alter the legislative dynamic through the strategic assignment of seats, leveraging the resources of the X platform and political action committees (PACs). This could allow him to have a significant impact on decision-making in Washington.
Reactions in cryptocurrency markets
Meanwhile, cryptocurrency markets have reacted to this political shift. According to #CoinMartketCap , the price of $BTC has reached $108,796.68, with a 24-hour trading volume of $33.49 billion. Although its price variation over 60 days recorded an increase of 13.00%, some experts believe that moves like Musk's can generate financial uncertainty.
A lasting impact?
According to the Coincu research team, these political initiatives can generate volatility, but rarely reform entrenched systems without substantial popular support. Can the "America Party" achieve a lasting impact in Congress and the cryptocurrency markets?
$BTC
Tech magnate Elon Musk has initiated the "America Party", a political party that aims to secure between 2 and 3 seats in the Senate and between 8 and 10 in the House of Representatives in key districts across the United States. Musk's strategy diverges from traditional third-party approaches, focusing on having limited but impactful influence in Congress.
Musk's strategy: strategically assigning seats
Musk's plan seeks to alter the legislative dynamic through the strategic assignment of seats, leveraging the resources of the X platform and political action committees (PACs). This could allow him to have a significant impact on decision-making in Washington.
Reactions in cryptocurrency markets
Meanwhile, cryptocurrency markets have reacted to this political shift. According to #CoinMartketCap , the price of $BTC has reached $108,796.68, with a 24-hour trading volume of $33.49 billion. Although its price variation over 60 days recorded an increase of 13.00%, some experts believe that moves like Musk's can generate financial uncertainty.
A lasting impact?
According to the Coincu research team, these political initiatives can generate volatility, but rarely reform entrenched systems without substantial popular support. Can the "America Party" achieve a lasting impact in Congress and the cryptocurrency markets?
$BTC
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