qfx The central duty to monitor the crypto market has been accorded to the Hungarian National Bank. Now, all those who wish to run a crypto service in Hungary will be required to apply to the National Bank for a special license. But there is a large issue. The instructions on how to obtain this license are not clear yet. This has baffled most businesspeople and made them concerned about the future.
In case you’re not up to speed on your crypto jargon, USDT is a stablecoin that’s pegged to the US dollar. It’s like having a digital version of cash that you can use on the blockchain. And Tron has been minting these babies like there’s no tomorrow. In fact, the total amount of USDT issued on the network has surpassed $80 billion, marking a new milestone for the blockchain.
Bitfinex analysts have delved into the madness, claiming that Bitcoinâs jaw-dropping 12.3% surge from January’s peak is due to the chaotic bidding frenzy from short-term holders and colossal institutional inflows. This isn’t just a spike; it’s a full-on rocket to the moon, fueled by optimism and some very deep pockets. đ
As the marketâs risk appetite returns, Solana has logged one of its most impressive institutional weeks on record, pulling in a cool $92.6 million in net inflows, according to CoinShares data shared by SolanaFloor. Bitcoin, predictably, led the charge with a whopping $2.7 billion, but Solanaâs performance places it in a league of its own, far above the usual suspects. đ
The mighty CoinMarketCap data reveals the unmistakable truth: Bitcoinâs price is on fire, and the institutions are stoking the flames. A recent Blockware report showed that the price surge is all thanks to massive institutional accumulation. Apparently, 36 companies are gearing up to add BTC to their treasuries by the end of this year. Youâd think these would be the big, flashy corporations, right? Well, guess again! The report humorously notes that the BTC adoption race is actually being led by âbrand new companies or dying companies.â Oh, the irony. These companies, often struggling for relevance, have figured out that investing in BTC is an easy ticket to earning yields. Genius, right?
Our dear friend Bob Holthaus has shared a long trade on the BNB/USDT Binance Perpetual 1-hour chart that entered around $684.44. The price formed an accumulation box before surging past the $690 resistance, hitting the first target at $699. This price movement followed a bullish continuation pattern supported by volume buildup and compressed price action. The reaction candle above $690 confirmed the breakout with a surge in trader participation.
A whale, with a heart as heavy as a stone, offloaded 407,427 Official Trump [TRUMP] tokens worth $3.96 million after holding for five months, incurring a painful $1.37 million loss. đ€Šââïž
The âMade in Chinaâ crypto index is up nearly 1% in the past 24 hours, with top performers like VeChain, Conflux, and Qtum flashing strong weekly gains and key indicator shifts. Hereâs a look at their trend setups going into the third week of July, with a dash of whimsy and a pinch of sarcasm. đ«đ°
In a dramatic twist of fate, the House of Representatives will decide the future of the market structure bill, as well as the GENIUS Act. If the GENIUS Act somehow manages to pass without any alterationsâbecause who needs change, right?âit will be sent straight to President Donald Trumpâs desk for a royal signature. Meanwhile, other bills addressing the crypto market structure and CBDC will be hurled back to the Senate for a final round of “lively discussion.”
On June 30, 2025, SRM Entertainmentâa publicly listed toy and souvenir empire spanning theme parks from Disneyâs kingdom to Tokyoâs techno-mazeâdecided to dabble in crypto. They didnât just dip their toes. No, they went all in with a purchase of 365,096,845 TRX, valued at a cool $100 million. Why? Well, to become the very first publicly listed company to make Tron a permanent fixture on their balance sheet. Bravo, SRM. Youâve just made Tron a thing. Itâs no longer just a glint in the eyes of crypto enthusiasts, but a serious player. How droll!