The milestone, reached on July 11, comes just 374 days after the fund’s launch—making IBIT the fastest ETF in history to hit this level. That’s like sprinting to the moon and back in a pair of Crocs. 🚀👟
“Don’t be surprised if you wake up randomly this week and $XRP is $4+,” crypto analyst Edoardo Farina mused, hinting at a potential breakout that could push XRP past its 2018 all-time high of $3.84. A bold prediction, indeed, but one that’s gaining traction as the broader crypto market starts to show signs of life. 🌱🚀
In a raucous little update, Ripple vaunts the prowess of RLUSD, proclaiming its potential to resurrect cross-border payments and fan the flames of financial inclusion. As far as stablecoins go, this one appears to be strutting about like a peacock in an aviary—certainly a spectacle worth witnessing. 🦚
Now, some folks are drawing parallels with traditional finance, but let’s be real, is crypto just a tech-savvy version of TradFi, or is there something more to it? Something that might actually change the game? 🤔
“The retail activity – while they may not have been buying intensely over the last couple of months, they’ve been very active, and that should be a tailwind for both of them.”
As the crypto market starts flexing its muscles again—thanks in no small part to Bitcoin (BTC) throwing its own party with a series of all-time highs—it seems like everyone is suddenly interested in digital assets again. It’s like that one friend who only calls when they need a favor. 🤷♀️
On 11 July, Lookonchain shared a post on X (formerly Twitter), revealing that the defunct crypto exchange FTX and the bankrupt trading firm Alameda had unstaked 189,851 SOL worth $30.94 million. The last time they unstaked SOL, it was to repay $1.2 billion to former users who lost their funds during the collapse. A substantial unstaking might often be a red flag for SOL holders, especially since it has the potential to slow down the asset’s upside or even cause a price drop. However, in this case, the amount is not that large, so the likelihood of a significant impact on SOL’s price is relatively low. 🤷♂️
Half of these respondents intend to allocate over 5% of their assets under management (AUM) to digital assets, up from 46% in 2024, signaling a deepening commitment despite volatility concerns. 📈📉
But what’s truly remarkable, my dear friends, is the sheer magnitude of these inflows. On July 10th, daily ETF inflows reached a staggering $383.10M, bringing the week’s total to a whopping $703 million 🤑. One can’t help but wonder if this is a harbinger of things to come.
In the last 24 hours, capital has started moving like it’s rotating into a real sector. From rising volumes to synchronized breakouts, the signs are aligning. So now the question’s back on the table: is the meme coin supercycle finally underway?