USDTHB

It’s like the cool kids are ditching the mainstream party for the underground rave. 🕺

According to a recent post by the ever-optimistic crypto entrepreneur Kyle Reidhead, the current demand for ETH has reached “insane” levels. Ten Ethereum treasury firms have collectively amassed more than 550,000 ETH – a staggering $1.65 billion worth – over the past 30 days. 🤑

Le président Donald Trump a annoncé sur la plateforme de médias sociaux Truth Social le 15 juillet qu’après un vote procédural échoué sur le projet de loi GENIUS plus tôt dans la journée, il avait obtenu des engagements renouvelés de 11 des 12 républicains du Congrès nécessaires pour faire adopter la règle du projet de loi. Il a partagé :

So, pour yourself a steaming cup of green tea, sit back, and prepare for some jaw-dropping tales. Institutional folk are jumping into the crypto fray faster than a cat on a hot tin roof! Fidelity’s throwin’ its hat in the ring for MetaPlanet’s Bitcoin adventure, our friend Henry Chang is waltzing out of court scot-free, and SharpLink? They’ve hoarded more Ethereum than a squirrel during winter! 🐿️

The GENIUS Act, that proverbial phoenix, sets the stage for the very first federal framework pertaining to dollar-pegged stablecoins, bestowing sweeping authority upon the Department of Treasury like a benevolent monarch and crafting paths more regulated than a military parade for private companies eager to mint their very own digital dollars. A glorious Senate scoffed at concerns back in June, as they passed the legislation with a heroic 68-30 vote, bipartisan support notwithstanding those ever-so-cautious Democratic souls fretting over Trump’s trysts with cryptocurrency. 🎇

A total of 16,843 Bitcoin, or about $2 billion, is currently being prepared for sale. Even before the majority of this liquidity reached the market, the mere act of moving coins caused a dramatic reaction: spot exchanges saw a rush of defensive selling, and Bitcoin’s price instantly fell by more than $6,000 per coin. This, dear reader, is the issue with the low-float rally dynamics of Bitcoin: volatility increases and liquidity quickly evaporates when big holders choose to cash out. Panic-driven exits in anticipation of this whale distribution contributed to a 300% increase in daily trading volume, a spectacle that would have been comical if it weren’t so costly. Technically speaking, Bitcoin is still above short-term support at about $111,000 per day. However, buyers are stepping away in real time, as indicated by the reversal near $122,000. Should Galaxy Digital begin to execute the entire sales tranche, the subsequent leg down could potentially test the $107,000-$110,000 range. The long-term upward trend of Bitcoin remains intact, but swift reversals are more than possible, and weeks of consistent accumulation can be overtaken by a single large seller. As the market processes this $2 billion in liquidation, traders should keep an eye out for additional whale movements and brace themselves for more explosive swings. 🌊

Table of Contents

To cozy up with the European Union’s Markets in Crypto-Assets (MiCA) framework, Ripple has dutifully submitted an application for an Electronic Money Institution (EMI) license through Luxembourg’s financial overseers, CSSF. This license is as vital for launching its RLUSD stablecoin in the European Economic Area (EEA) as a strategist’s battle plan—after all, who wouldn’t want to play by the rules while sweetly singing the tunes of governance and capital reserves?

According to the chart lovingly shared by the esteemed @best_analysts (who we secretly suspect has a crystal ball), FLOKI is taking a good, hard look at a descending resistance trendline that has been bearing down upon it since December 2024, like an overzealous teacher monitoring essay submissions. After a cheeky upward sprint in early July, FLOKI is now giving this trendline a second glance, with a critical resistance level resting just above the vaunted $0.000100 mark. The chart whispers, “Patience Is Key,” much like a wise tortoise urging a hare to take it slow and steady.