That surge brought the total to 141 firms. And by the end of 2025, at least 36 more are expected to add Bitcoin to their balance sheets. That would represent a 25% boost from today’s numbers.
Ethereum is on fire—or rather, it’s sizzling, flirting with that sweet $3,000 mark, after a wild ride on the ETF surge. The surge in ETF inflows and a fresh wave of enthusiasm across the Layer-2 ecosystem helped ETH leap over $3,000 this week. By July 13, ETH was playing peekaboo with $2,951, up by more than 5% from the previous week. This price action marks a 30% recovery from June’s sob story of lows near $2,100, setting ETH up for what could be an even crazier ride to new highs by 2025. 🎢
The Pump.fun ICO has officially become one of the most explosive token launches of the year after raising $500 million and closing out its sale in just 12 minutes. The Solana-based memecoin launchpad stunned the crypto community this Saturday with an explosive public token sale offering that distributed 125 billion PUMP tokens, which amounts to about 12.5% of the total 1 trillion supply at $0.004 apiece. This complete sale brings the PUMP tokens to a fully diluted valuation (FDV) of $4 billion. 🚀🌕
According to Wedson, the exchange data paints a picture of a grand migration: tokens like Ethereum (ETH), Chainlink (LINK), Maker (MKR), and the ever-entertaining Dogecoin (DOGE) are among a diverse group of altcoins that are steadily making their way off the exchange. This, he suggests, is a clear indication that these tokens are being moved to cold storage, a place where they can rest in peace, far from the prying eyes of the market and the whims of the speculative masses. 🤑
Gazing upon the splendid daily BTC/USD chart, one can witness a magnificent bullish breakout from a rather dismal $98,240 low, a raucous rise reaching an extravagant $118,839 before hitting the proverbial brakes. This upward gaiety finds its foundation in the bountiful volume of yesteryear, but alas! Recent movements whisper tales of waning momentum, perhaps signaling a distribution phase even as our gallant price action settles comfortably near the peaks. Support has reestablished itself most genteelly between $110,000 and $106,000. Fancy a ‘buy-the-dip’ opportunity at the $110,000 to $112,000 range? It may just require a romantic bullish reversal candle and a voluminous swoon to seal the deal! Profit-seeking creatures, take heed! Near the $118,500 to $119,000 soiree, particularly if bearish reversal patterns decide to crash the party.
Now, let’s get to the nitty-gritty. In the past week, Ethereum has seen a 16.22% gain, which is no small feat. According to the folks over at SoSoValue, the Ethereum ETFs have seen net deposits of $907.99 million, marking their largest weekly inflows since they first hit the scene in July 2024. Before this, the record was $854.85, set back in December 2024 during the crypto bull run. 🏆
In this most curious of tales, El Salvador, that bastion of comprehensive digital asset regulations, prepares to host the first bitcoin-based capital markets infrastructure firm. The stage is set, the curtains drawn, and the actors poised to launch this fantastical endeavour, destined to position the country at the vanguard of emerging trends in financial legerdemain.
According to the blockchain data tracker Whale Alert—what a name, what a name!—”25,498,179 XRP worth $70,224,089 were transferred from an unknown wallet to Coinbase.” The words dance on the page as if mocking us with their elusive nature. One must wonder: what is the true nature of this cryptic transaction?
Meanwhile, in the land of the altcoins, XLM, HBAR, and a rather cheeky little creature named BONK have thrown caution to the wind and merrily danced their way into the hearts (and wallets) of many, emerging as today’s top performers and reminding everyone why they’re often the life of the party. 🎉
The Bank of Ghana (BOG), in its infinite wisdom, has issued a public notice, a clarion call to all Virtual Asset Service Providers (VASPs) within the borders of this noble land. This mandate, it seems, is but the first step in a grand plan to gather the scattered pieces of the crypto puzzle, as the central bank prepares to weave a tapestry of laws and regulations that will govern this new frontier.