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XRP price poised to surge as ETF approval odds hit 85% – is a breakout to new all-time highs just around the corner?
Quick Take Katie Hobbs, the Democratic Governor of Arizona, blocked a bill that would have allowed public funds in the state to invest up to 10% of their capital in virtual currencies. Several other states are weighing similar bitcoin reserve legislation, though none have yet been signed into law.
Quick Take AdTech firm Thumzup, which began accumulating bitcoin at the start of the year as a treasury asset, is offering up to $200 million to investors to buy more bitcoin. The Strategy-inspired play has recently been copied by a variety of other companies, seeking to hold several different assets. The publicly-listed company trades on Nasdaq at a market capitalization of around $48.5 million.
Quick Take Following a legal defeat in its court case against Epic Games, Apple has loosened rules around in-app purchases for users in the U.S. App developers now may direct customers to make purchases using external sites not subject to Apple’s 30% fee on in-app purchases. Apple said it will appeal the ruling, which could open the door to a new wave of NFT and crypto apps.
$TRUMP forms symmetrical triangle with support at $12.10 and resistance at $13.40. RSI remains below 45; MACD shows minimal momentum, indicating consolidation. Break above $14.22 targets $15.48; drop below $12.10 risks fall to $11.00–$11.20 zone.
Pi Network (PI) struggles to maintain momentum as bearish indicators dominate the chart. Price action stays below the cloud, with key support in focus.
Bitcoin is nearing $100K, but unlike previous euphoric rallies, the current rise is more deliberate, driven by institutional buying and lower volatility. This shift suggests a longer-term trend toward Bitcoin becoming a key asset in the financial system.
Despite rumors of a $20 billion buyout offer from Ripple for Circle, there’s no evidence to support the claim, and the market response has apparently been minimal.
In Brief Worldcoin introduces eye-scanning ID verification in six large U.S. cities. Regulatory and market dynamics impact the technology's adoption and interest. Partnerships suggest further integration of Worldcoin’s solution in diverse sectors.
- 13:17Powell: The Federal Reserve is Adjusting Its Overall Policy FrameworkFederal Reserve Chairman Powell stated that the Federal Reserve is adjusting its overall policy-making framework to address significant changes in inflation and interest rate prospects following the 2020 pandemic. Powell said, "Since 2020, the economic environment has changed significantly, and our assessment will reflect our evaluation of these changes." The Federal Reserve adopted the current framework five years ago and began evaluating it this year. The evaluation is unlikely to affect the way the Federal Reserve currently sets interest rates. Powell previously stated that the Federal Reserve might complete this process and announce the results by August or September. Powell noted that the inflation-adjusted "real" interest rates have risen since the 2020 pandemic, which may affect elements of the Federal Reserve's current framework. He stated, "Higher real interest rates may reflect the possibility that inflation could be more volatile in the future than during the inter-crisis period of the 2010s. We may be entering a period of more frequent and possibly more persistent supply shocks—a daunting challenge for both the economy and central banks."
- 13:17Data: Hyperliquid platform whale current holdings at $3.938 billion, long-short position ratio is 0.93According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $3.938 billion, with long positions at $1.895 billion, accounting for 48.12% of the holdings, and short positions at $2.043 billion, accounting for 51.88% of the holdings. The profit and loss for long positions is $149 million, while for short positions it is -$86.8198 million. Among them, the whale address 0x5078..b6 has gone long on BTC with 40x leverage at a price of $100,546.7, currently with an unrealized profit of $3.0117 million.
- 13:16Data: $358 Million Liquidated Across the Network in the Past 24 Hours, with Long Positions Liquidated at $290 Million and Short Positions at $68.22 MillionAccording to Coinglass data, the total liquidation across the network in the past 24 hours was $358 million, with long positions liquidated at $290 million and short positions at $68.22 million. Among them, Bitcoin long positions were liquidated at $36.95 million, Bitcoin short positions at $12.91 million, Ethereum long positions at $62.56 million, and Ethereum short positions at $23.12 million. Additionally, in the last 24 hours, a total of 160,172 people were liquidated globally.