Understanding Global Tensions and Their Types Global tensions manifest in various forms, including geopolitical conflicts, economic sanctions, and social unrest. Each type significantly contributes to market uncertainty, which encourages investors to explore alternative assets, such as cryptocurrencies like bitcoin. Geopolitical conflicts, often driven by territorial disputes, political disagreements, or military aggressions, create instability in the affected regions and have a wider economic impact. For instance, when tensions arise between nations, it often leads to fluctuations in national currencies and commodity prices, triggering investors to seek refuge in the decentralized and relatively stable realm of crypto. Bitcoin, being the most recognized cryptocurrency, often receives heightened interest during these tumultuous periods. Another factor in global tensions is economic sanctions, which are employed by governments to restrict trade with specific countries. Such sanctions can have profound impacts on a nation’s economy, leading to reduced revenue, inflation, and decreased access to international markets. The resulting economic isolation can drive local investors to seek assets that are less tethered to traditional financial systems. As a result, cryptocurrencies can emerge as viable alternatives, particularly for those looking to protect their wealth against the repercussions of stringent economic policies. Social unrest is another significant aspect of global tensions. Strikes, protests, and civil movements often arise from widespread dissatisfaction related to political or economic conditions. These events can destabilize entire regions, unsettling investors who may fear economic collapse. In such scenarios, the appeal of bitcoin grows, due to its decentralized nature and its ability to operate independently of conventional banking systems. Recent instances of social unrest in various parts of the world have underscored the relationship between societal instability and a surge in cryptocurrency trading. Understanding the landscape of global tensions is crucial for grasping their subsequent effects on cryptocurrency markets. By monitoring these indicators, investors are better equipped to navigate the complexities of both traditional and digital asset markets, particularly in times of crisis. The Interplay Between Traditional Markets and Cryptocurrencies The relationship between traditional financial markets and cryptocurrencies has become increasingly intricate, especially in times of global tension. Historically, stock market declines have often signaled a shift in investor sentiment, prompting individuals to reconsider their asset allocation. As the volatility in traditional markets escalates, many investors turn their attention to cryptocurrencies, particularly Bitcoin, which is seen as a hedge against traditional asset fluctuations. This transition is influenced by the perception of Bitcoin as a decentralized digital currency that operates independently of government interventions and monetary policies. In a crisis, fiat currencies frequently experience instability, leading investors to seek safe havens for their wealth. As geopolitical uncertainties mount, fluctuations in currency values can push investors toward crypto markets. For example, during significant global events—such as political unrest or economic crises—Bitcoin often exhibits resilience, as it presents a potential store of value. The decentralized nature of cryptocurrencies appeals to those who feel vulnerable under traditional financial systems, particularly when fiat banks may require bailouts or governmental actions that could devalue local currencies. Moreover, the unique value proposition of cryptocurrencies during contentious times cannot be overstated. As traditional markets face downward pressure, crypto assets generally experience increased interest and, in many cases, a surge in prices. This phenomenon underscores the challenge of correlation between traditional and digital assets. Where traditional investments may falter, cryptocurrencies like Bitcoin draw in buyers looking for alternatives, thus creating a dynamic interplay between the two markets. This interaction not only reflects shifts in investor behavior but illustrates how crises can inadvertently enhance the appeal of digital currencies as a viable investment strategy. Bitcoin as a Safe Haven Asset in Times of Uncertainty In recent years, Bitcoin has garnered attention as a potential safe haven asset akin to traditional assets like gold. This perception emerges significantly during periods of global uncertainty, such as geopolitical conflicts and financial crises, prompting investors to seek refuge from volatility in more stable investments. Bitcoin, often dubbed ‘digital gold’, is viewed by many as a viable alternative due to its decentralized nature, limited supply, and increasing acceptance across various industries. Notable events have demonstrated this shift in investor behavior. For instance, during the COVID-19 pandemic, as traditional markets faced abrupt declines and economic forecasts turned grim, Bitcoin’s price saw notable surges. This period marked one of the most significant spikes in Bitcoin’s history, prompting analysts to deem it a hedge against inflation and economic downturn. Similarly, the ongoing tensions in Eastern Europe have also resulted in an influx of capital into Bitcoin as investors are keen to safeguard their wealth amidst potential threats to economic stability. Statistical analyses reveal contrasting behaviors between Bitcoin and traditional safe-haven assets. While gold tends to maintain its value or appreciate during crises, Bitcoin exhibits a more volatile yet upward trajectory during similar periods. Research has indicated that Bitcoin’s price often reacts more acutely to major global events compared to traditional equity markets, showcasing its unique response dynamics. For instance, historical data highlights that significant geopolitical events, such as the U.S.-China trade tensions or the recent Russian-Ukrainian conflict, have correlated with notable increases in Bitcoin’s price, underscoring its growing role as a refuge for investors seeking resilience in uncertain times. As such, the narrative surrounding Bitcoin as a safe haven is strengthened by these historical precedents. Its volatility, while a double-edged sword, also contributes to its allure as an asset capable of providing protection and potential growth even amid tumultuous global conditions. Future Outlook: Navigating the Crypto Market Amid Ongoing Global Tensions The cryptocurrency market, particularly Bitcoin, has experienced significant volatility influenced by global tensions, which raises pertinent questions about its future trajectory. Experts suggest that ongoing geopolitical conflicts and economic uncertainties may continue to create both challenges and opportunities for investors venturing into the crypto landscape. Some analysts believe that Bitcoin could serve as a digital safe haven, much like gold, in times of heightened uncertainty. As traditional financial markets react to global events, the demand for decentralized currencies may increase among investors seeking to preserve value. Market trends indicate that cryptocurrencies could become more intertwined with political and economic developments around the world. For instance, changes in regulatory environments, such as advancements in digital currency legislation, may significantly affect crypto prices. Investors should be attentive to these shifts, as they not only impact Bitcoin but can also ripple through the entire cryptocurrency ecosystem. In addition, socio-political unrest in various regions could lead to a greater adoption of crypto as a means of economic empowerment, particularly in areas facing hyperinflation or currency devaluation. To navigate the complexities of investing in Bitcoin and other crypto assets during these tumultuous times, investors are encouraged to adopt robust risk management strategies. This includes diversifying their portfolios to mitigate risks and remaining informed about market indicators that reflect broader global trends. Furthermore, establishing clear investment goals and understanding the inherent volatility associated with cryptocurrencies can aid in making sound decisions. Staying updated on news related to global tensions will empower investors to react appropriately to market changes, ensuring that they are well-positioned to take advantage of potential opportunities while managing risks effectively.

TL;DR

• Four of the most utilized AI chatbots speculate on which one of the two largest altcoins will be the first to reach a significant round-numbered target of $10 for XRP and $10,000 for ETH.
• Although they acknowledged that it was a challenging prediction to make given their speculative nature, all four backed the same horse.

Who’s First? Leaving aside the communities behind both cryptocurrencies and their respective ecosystems, this article will focus on what ChatGPT, Perplexity, Gemini, and Grok answered when asked the same question: Will XRP hit $10 first, or will ETH reach $10,000 first? Historically, Ether had come closer to its rather tall goal as it surged to almost $5,000 back in 2021. In contrast, XRP’s all-time high was at $3.4 in January 2018, and the asset only managed to match it in 2025. Although ETH is slightly closer to its target now, the difference is negligible as both require rather similar price increases (of around 300%) to reach their respective goals. While this sounds significant, especially for the two largest altcoins, let’s not forget that XRP experienced an even more remarkable price surge in late 2024 and early 2025. All AI solutions admitted that ETH appears as the more likely horse to win this race. They laid out its path toward the $10,000 target, claiming that ecosystem growth, network upgrades, RWA tokenization, and institutional adoption will push it higher. ChatGPT was particularly interested in the institutional adoption segment, indicating that ETH has an advantage not just because of the ETF demand it sees, but also due to the growing number of companies that have recently started storing ether as a reserve asset. Some even dumped BTC to buy more ETH. “Ethereum hitting $10,000 first seems more probable in the medium term. Its established ecosystem, ongoing technological advancements (especially the impact of spot ETFs), and its central role in the broader crypto space (DeFi, NFTs, RWA tokenization) provide a more diverse and robust set of drivers. The percentage increase required for Ethereum is also slightly lower than for XRP to reach $10.” – concluded Gemini but the sentiment was echoed by all other AIs. XRP’s Case Although the AI chatbots seemed conclusive in picking ETH as the potential winner, they also outlined the less probable scenario in which XRP goes into double-digit price territory first. Gemini said that its path is “contingent on regulatory clarity and widespread institutional adoption for cross-border payments.” Grok noted that Ripple’s token can reach $10 if the company behind it continues with its massive partnerships and acquisitions, which could increase the overall trust in the project. Recall that the company spent over $1.2 billion earlier this year to acquire the prime brokerage giant Hidden Road, a move described by the community as a “game-changer” for XRP. Additionally, all four AIs highlighted the potential approval of spot XRP ETF in the States, the odds of which are over 90%, according to experts and Polymarket. This would open the doors for institutions to invest in XRP through regulated financial vehicles, which should, in theory, act as a price booster. The post We Asked 4 AIs If XRP Will Hit $10 Before ETH Taps $10K: You Won’t Believe the Split appeared first on CryptoPotato.

TL;DR

• $40M in HYPE will be unstaked before July 15, likely for staking via Kinetiq’s new platform.
• Liquidation data shows a major short cluster near $42, suggesting potential for a sharp short squeeze.

Large Inflows and Whale Activity Fuel Interest in HYPE Four wallets collectively deposited $6.14 million in USDC into Hyperliquid, purchasing HYPE tokens seven hours ago. One newly created address alone contributed $1 million, acquiring 25,507 HYPE at an average price of $39.2. 4 wallets deposited 6.14M $USDC to Hyperliquid to buy $HYPE 7 hours ago. Wallets:
0x2615482299998de7DB726c34f9a14d9546009697
0xe644C02bFB9f4bf0256F3335a120Cd5f2d3C0402
0xFC82B4225120Db7C257AD8c69A8CF07319BFB88b
0x721Cedd6Fe743eBd0AC84fED7e09503dBaB22072 pic.twitter.com/lgOqdx9ZaZ — Lookonchain (@lookonchain) July 9, 2025 Notably, this activity occurred during a period of rising market volatility. The HYPE price traded at $39.07 at press time, with a 24-hour trading volume of over $230 million.  Hyperliquid’s native token has gained 5.35% in the last 24 hours and 3.93% weekly. The move has attracted attention, especially with whale wallets increasing exposure during a sensitive price phase. Over $40M in HYPE to Be Unstaked Before Kinetiq Launch Ahead of the Kinetiq platform’s launch on July 15, over 1 million HYPE—worth approximately $40 million—is being unstaked. Three whale addresses account for 847,000 of that total, indicating a coordinated shift in token positioning. The unstaking period is aligned with a 7-day window following the Kinetiq announcement. Market watchers expect these tokens to be restaked through Kinetiq, a new liquid staking platform that supports validator scoring and institutional access via iHYPE. The protocol has already partnered with FlowDesk and IMC Trading for deployment. Additionally, Hyperliquid’s ecosystem continues to grow, with Phantom now offering perpetual trading access directly through its wallet interface. The feature is initially available to users in the EU, using Hyperliquid’s API to maintain non-custodial control. Introducing: Phantom Perps Go long or short in just a few taps. 100+ markets. Up to 40x leverage. All in your pocket. Powered by @HyperliquidX pic.twitter.com/YDKjUGBdEn — Phantom (@phantom) July 8, 2025 This integration marks another step in expanding the protocol’s reach. It adds utility for HYPE holders and traders seeking permissionless exposure to derivatives without leaving their wallets. Liquidation Map Suggests Short Squeeze Potential According to Coinglass, the Hyperliquid liquidation map indicates that the current HYPE price is just below a major cluster of short positions. If the asset crosses $42, a short squeeze could follow, potentially triggering over $6 million in liquidations. Long liquidation pressure appears limited below $32. This setup suggests that downside risk may be less intense, especially as whales prepare to transition their HYPE holdings into staking via Kinetiq, rather than selling. The data points to strategic movement rather than exit activity. The post Whales Pour $6M Into HYPE Ahead of July 15 Unlock appeared first on CryptoPotato.

Ahead of an important week for digital assets legislation, Stand With Crypto (SWC) and over 60 other industry firms sent a letter urging House lawmakers to champion clear regulations for the industry and unlock its potential. Industry Coalition Pushes For CLARITY Act Approval On Monday, advocacy group Stand With Crypto, alongside 65 other firms and groups, sent a letter to the US House of Representatives urging lawmakers to support the bipartisan Digital Asset Market Clarity (CLARITY) Act of 2025 as the US approaches a “pivotal crossroad.” The industry coalition argued that digital assets continue to reshape the global economy, despite some efforts to “politicize crypto legislation,” adding that the US risks falling behind unless pro-crypto policies that fully embrace blockchain technology are quickly adopted. There are already signs of U.S. crypto leadership slipping. We cannot afford to let inaction and uncertainty jeopardize our ability to secure Americaʼs economic future. Above all else the U.S. crypto industry needs market structure — which ensures there are clear rules of the road and provides the regulatory clarity that developers, users, and advocates need to continue innovating. The letter explains that digital assets are “providing a foundation for a more inclusive, transparent, and secure digital economy,” and “opening doors for economic opportunity, innovation, and financial empowerment on a scale weʼve never seen before.” As such, crypto developers require clear guidance and safeguards to continue building blockchain systems, with standards for transparency, security, and accountability, and where users can control their digital assets. The lack of standardized rules has hindered institutional adoption, innovation, and pushed talent and businesses to more industry-friendly jurisdictions outside the US. Nonetheless, passing the long-awaited market structure bill would address these issues, the crypto coalition argues. House Lawmakers Prepare For ‘Crypto Week’ Notably, SWC’s letter comes ahead of the highly anticipated “Crypto Week,” which will see the review of three key legislations during the week of July 14 to 18, including the GENIUS Act and CLARITY Act. As reported by Bitcoinist, House Financial Services Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson announced the upcoming discussion on rules on stablecoins, market structure, and central bank digital currency as part of Congress’s efforts to make America the crypto capital of the world. Chairman Thompson affirmed that “it will soon be time for the House to deliver for the American people and send CLARITY to the Senate. I thank House Leadership for recognizing the urgent need for CLARITY to cement American leadership in the digital asset space.” The bipartisan bill was introduced on May 29 by Chairman Hill, aiming to establish a regulatory framework for crypto assets and provide the long-awaited clarity and protection for the industry. If passed, the legislation will assign clear roles and responsibilities to the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC), which would “not only enable and empower developers to innovate, but also protect consumers through choice, foster greater participation in the blockchain economy, and strengthen national security.” Nearly a month ago, the bill passed its two committee markups, but it still needs to pass the full House vote and the Senate before heading to President Donald Trump’s desk.  However, its path to approval has been uncertain, as House Democrats have heavily criticized the bill, and some lawmakers have pushed to merge it with the GENIUS Act, making next week’s debate a pivotal moment for the legislation.

President Donald Trump’s social media company announced on Tuesday plans to launch a new crypto exchange-traded fund (ETF) that will track the prices of five different cryptocurrencies.  The company filed paperwork with the US Securities and Exchange Commission (SEC) on Tuesday, aiming for approval to introduce the “Crypto Blue Chip ETF” later this year. New Crypto Blue Chip ETF The proposed crypto ETF is designed to allocate 70% of its holdings in Bitcoin (BTC), the leading cryptocurrency, with an additional 15% in Ethereum (ETH), the second-largest digital asset.  It will also include 8% in Solana (SOL), hold 5% in XRP, the cryptocurrency developed by Ripple Labs, and 2% in the digital asset created by Crypto.com (CRO), which is set to serve as the ETF’s digital custodian. This latest offering follows Trump Media’s earlier announcements about a simpler crypto ETF that only included Bitcoin and Ethereum. However, it remains unclear whether the company intends to proceed with that initial concept. Crypto ETFs have surged in popularity, providing investors a streamlined way to gain exposure to the crypto market without the need to purchase the assets directly. The increasing interest in these funds has been evident since the first Bitcoin ETFs began trading in US markets last year. Trump’s Crypto Strategy For The US Recent developments in regulatory guidance from the SEC could further facilitate the launch of such products. The agency has made moves towards creating a more favorable environment for crypto businesses, including dropping or pausing several enforcement actions against crypto companies since Trump took office.  Over the past month, the regulatory agency, under the leadership of pro-crypto SEC Chairman Paul Atkins, has moved forward to end legal disputes with key players, such as Binance, Coinbase, and Uniswap. Interestingly, Trump’s stance on Bitcoin has evolved significantly as well. Once a skeptic of cryptocurrencies, he has since embraced the industry, which has become a source of substantial campaign contributions and support.  While the Trump administration has actively supported crypto-friendly regulations, this has raised eyebrows among critics. Allegations of potential corruption have emerged from Democrats, alongside concerns from some within the crypto community about the implications of Trump’s family’s expanding crypto business ventures. At a recent news conference, Trump addressed these concerns, asserting that his family’s investments were entirely appropriate and highlighting his administration’s commitment to making the US the global leader in cryptocurrency. “If we didn’t have it, China would,” the President said.  At the time of writing, the official TRUMP memecoin is trading at $8.58. This represents a 17% drop over the past month and an 88% drop from its record high of $73, which was reached 24 hours after the token’s launch. Featured image from DALL-E, chart from TradingView.com

A court in Belgium has issued 12-year prison sentences to three individuals involved in the December 2024 kidnapping of the wife of a local cryptocurrency entrepreneur. The case, which has drawn attention within both legal and crypto communities, centers on a ransom demand made in digital assets, highlighting the growing concerns about the intersection of financial technology and physical security. Court Ruling and Ongoing Investigations The Brussels Criminal Court found the trio guilty of hostage-taking after abducting the victim outside her residence and forcing her into a van. The kidnappers reportedly demanded a crypto ransom in exchange for her release. Authorities acted swiftly after the woman’s husband, Stéphane Winkel, a known figure in the local crypto education scene, alerted law enforcement. Police intercepted the vehicle and executed a high-risk maneuver to halt it, freeing the victim and apprehending the suspects. In addition to the prison terms, the court ordered the convicted individuals to pay a civil compensation of at least €1 million (approximately $1.2 million) to the victim. While the sentences mark the legal conclusion for the three kidnappers, the case remains open in some respects. The court acknowledged that the principal figures behind the orchestration of the crime are still unknown. The defendants’ claims that they were acting under duress, allegedly threatened with death if they did not carry out the kidnapping, were dismissed by the court. The case also involves a minor, whose role is being addressed separately through Belgium’s juvenile justice system. According to reports from La Dernière Heure, the court emphasized the seriousness of the offense and the need to maintain deterrence, particularly in criminal activities intersecting with emerging financial sectors like crypto. The victim and her family have not been named in detail in court documents to protect their privacy, but the psychological toll has reportedly been substantial. The Effect on Winkel Family and Crypto Community Stéphane Winkel is known for his educational efforts within the cryptocurrency space. He runs platforms such as Crypto Académie and Crypto Sun, which aim to make digital asset investing more accessible to the public. His YouTube channel, which has roughly over 39,000 subscribers, typically featured tutorials, giveaways, and wallet walkthroughs. However, the traumatic incident has prompted a shift in both his personal and public life. In a post on X  published shortly after the incident, Winkel stated, “I consider myself a defender of freedom, but I now realize that safety must become an absolute priority for me and those around me.” He also pledged to avoid public wallet demonstrations or promotional giveaways going forward, instead focusing his content on market analysis and education. After several months of silence, Winkel returned to YouTube in June 2025, opting for voice-only narration in his videos rather than appearing on camera, a move that aligns with his new emphasis on privacy and security. Featured image created with DALL-E, Chart from TradingView

The post Turkey Blocks 46 Crypto Sites, Including PancakeSwap Amid Regulatory Crackdown appeared first on Coinpedia Fintech News The Turkish Capital Markets Board (CMB) has blocked 46 websites, including the popular decentralized exchange PancakeSwap, for “providing unauthorized crypto services.” In a Thursday notice, CMB announced legal action against websites, citing provisions of Turkey’s Capital Markets Law.  Turkey Bans PancakeSwap The Turkish financial regulator, CMB, announced that it had taken legal action against PancakeSwap, a high-profile DEX that handled over $325 billion in trading volume in June. The CMB did not specify how it determined PancakeSwap was in breach of Turkish law.  PancakeSwap has now become the first decentralized exchange banned in Turkey. The exchange failed to meet the licensing requirement set by CMB. Apart from PancakeSwap, CMB also banned Cryptoradar and Exchange Investr, along with more than 40 other websites.  Why did Turkey Ban PancakeSwap? CMB has not yet released a criterion behind the enforcement, and PancakeSwap has not commented on the action. However, this step could be seen as a part of a broader strategy in Turkey, as the regulators are aiming to advance their goal of improving market stability and investor protection.  Turkey is enhancing its regulatory framework to protect users from potential financial risks and illicit transactions. Under new regulations, it is tightening its security measures by increasing crypto market transparency through licensing and anti-money laundering (AML) rules. So the decision of the PancakeSwap ban follows the regulatory authority granted to the CMB last year, allowing it to block unlicensed foreign cryptocurrency service platforms targeting Turkish users.  [post_titles_links postid=”478736″] Turkey Tightens Crypto Rules in 2025 On 28th June, Turkey published new, stricter rules for crypto in the Official Gazette, to maintain security and transparency in the transactions. Under Law No. 5549, the regulators introduced new transfer limits, mandatory waiting periods, and anti-money laundering (AML) policies in a bold move to tighten CMB oversight over crypto. Besides this, the country implemented a series of new regulations to mitigate risks in the crypto space.  Final Thought  It is crucial for all crypto service-providing platforms to seek proper approval from official regulators to continue operations in Turkey. This enforcement of banning websites is a precedent for other exchanges and platforms to comply with the Turkish regulatory regime. CMB and PancakeSwap have yet to deliver a comment regarding the enforcement. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs What specific regulations did PancakeSwap violate to be banned by the CMB? The Turkish Capital Markets Board (CMB) banned PancakeSwap for “providing unauthorized crypto services” and failing to meet the licensing requirements it set for virtual asset service providers. The specific details of the breach weren’t elaborated, but it falls under the CMB’s authority to block unlicensed foreign platforms targeting Turkish users. How will the ban affect Turkish users of PancakeSwap and other blocked platforms? The ban restricts direct access for Turkish users to PancakeSwap and the other 45 blocked platforms, pushing them towards licensed, centralized exchanges or potentially into less secure methods like VPNs to bypass restrictions. This could reduce DeFi participation and stifle innovation within Turkey’s crypto community. Can PancakeSwap or other blocked platforms appeal the ban or obtain a license to operate in Turkey? The article doesn’t specify if PancakeSwap can appeal the ban directly. However, for any crypto service provider to operate legally in Turkey, they would need to comply with the CMB’s licensing requirements and new regulations, including AML/CFT and KYC rules. The ban sets a precedent for platforms to seek proper approval.

The post Why Crypto Market is Down Today? (05th July, 2025) appeared first on Coinpedia Fintech News The crypto market today has experienced a broad-based downturn today, with the total industry market capitalization slipping to $3.33 trillion. Trading volume also shrank considerably by 16.50%, now standing at $93 billion, signaling cautious attitude from investors. Bitcoin remains the dominant force with a 64.6% market share, followed distantly by Ethereum at 9.1%. A combination of macro events and sudden whale activity has injected fresh volatility into the digital asset space. The Fear & Greed Index rests at a neutral 51, reflecting indecision among market participants.  A significant development casting a shadow over today’s action is the $3.6 billion crypto options expiry. Of that total, Bitcoin accounts for $2.98 billion and Ethereum $610 million. The unwinding of these contracts has led to volatility and uncertain short-term moves, as traders reassess risk amid high open interest. Whale Activity and Option Expiry Unnerve Investors? Bitcoin’s price has slipped by 0.68% over the last 24 hours, currently hovering around $108,294.97. While the dip may seem modest, the root cause is raising alarm bells. As a dormant wallet containing 80,009 BTC, which was inactive for over 14 years, has suddenly moved approximately $8.7 billion worth of tokens. Such activity typically highlights security concerns and fears of large-scale dumping, which often prompts a wave of defensive selling. This movement coincided with today’s massive options expiry event, further intensifying downward pressure. Also read our Bitcoin (BTC) Price Prediction 2025, 2026-2030! Ethereum is not immune either. The second-largest crypto has declined 1.2%, now trading at $2,527.90. This pullback is largely linked to short-term profit-taking following a strong 4.09% weekly performance. Moreover, ETH faced stiff resistance near $2,600, which drove liquidations of over-leveraged long positions. Liquidation Shakeout Hits Market Liquidation events have further strained investor sentiment. Bitcoin’s leveraged long positions took a hit amid the dormant wallet scare, triggering cascading liquidations. The overall 24-hour trading volume for BTC has fallen by 14.9%, now at $42.47 billion. Ethereum’s fall is a case of technical rejection. The failed attempt to break above $2,600 led to profit booking and liquidation of weak hands. The combined pressure from options expiry and short-term resistance zones added fuel to the correction. XRP, meanwhile, is down 0.25% to $2.22 after failing to maintain its breakout above the $2.27–$2.30 range. The market also seemed underwhelmed by Ripple’s recent announcement about securing a banking license, which failed to generate strong bullish momentum. Top Gainers Today

• BONK Price: $0.00001847 +9.52%
  
• PENGU Price: $0.01664 +5.60%
  
• XDC Price: $0.06174 +2.45%
  

Top Losers Today

• TIA Price: $1.52 -5.00%
  
• UNI Price: $7.02 -4.56%
  
• IMX Price: $0.4286 -4.16%

FAQs Why is the crypto market down today? A mix of whale wallet activity, $3.6B in options expiry, and profit-taking in major assets like BTC and ETH has triggered a broad market decline. What caused Bitcoin to drop? The sudden movement of a 14-year-old dormant wallet containing 80,009 BTC sparked fears of selling pressure, leading to leveraged long liquidations and a 0.68% price drop. Which coins are gaining despite the downturn? BONK with +9.52%, PENGU with +5.60%, and XDC with +2.45% gains are among the few altcoins showing resilience amid the broader market decline.

Singapore-based Amber International Holding Limited (Nasdaq: AMBR) has raised $25.5 million in a private placement to enhance its $100 million Crypto Ecosystem Reserve Strategy. Amber International Funds BTC, ETH, SOL Purchases with New Capital According to the announcement filed with the U.S. Securities and Exchange Commission (SEC), institutional investors, including CMAG Funds, Mile Green, Pantera […]

Oregon’s Attorney General (AG) has filed a motion to keep the lawsuit against Coinbase in state court, following the crypto exchange’s efforts to move the litigation to federal court. Oregon Says Coinbase Case Must Stay In State Courts On July 2, Oregon’s Attorney General, Dan Rayfield, filed a motion to remand its lawsuit against Coinbase back to the Circuit Court of the State of Oregon for Multnomah County. The motion follows the crypto exchange’s attempt to move the case to federal court. In early June, Coinbase filed a notice of removal, seeking to take the action from the Oregon courts to federal court, arguing that the case raises a federal question. The exchange argues that Oregon’s state law (OSL) claims “arise under” the federal law because the state’s courts use the federal Securities Act of 1993, and the federal Howey Test, for guidance to define what constitutes an “investment contract.” However, Oregon’s motion explains that “almost 50 years ago, the Supreme Court of Oregon, sitting en banc, broke stride with Howey in its interpretation of an ‘investment contract’ under the OSL, deciding the term should be ‘modified’ to encompass a broader range of investment schemes. Pratt v. Kross, 276, Or. 483, 497 (1976).” Since then, Oregon courts have followed the Pratt Test, which applies a broader definition of investment contract. The AG noted that “because Oregon does not strictly follow the Howey test, the State’s claims here do not turn on the Howey test.” The motion claims that the lawsuit isn’t a “regulatory land grab,” as Coinbase called it. Instead, it is a “quintessential state law action” that seeks redress on behalf of Oregonians under the state’s law. Therefore, it should be “adjudicated by the state court in which the Attorney General filed it.” Oregon’s ‘Gensler-Era’ Lawsuit On April 18, Oregon’s AG filed a complaint in Multnomah County Circuit Court against Coinbase, alleging the crypto exchange had violated the Oregon securities law by facilitating the sale of unregistered cryptocurrencies to the state’s residents. As reported by Bitcoinist, the lawsuit states that the exchange “has continuously and repeatedly violated the Oregon Securities Law, which ascribes liability to persons ´who [s]ell[] or successfully solicit[] the sale of a security … in violation of the Oregon Securities Law’ (ORS 59.115(1)(a)), as well as to persons who ‘participate[] or materially aid[] in the sale’ (ORS 59.115(3)).” Following the news, Coinbase’s CLO, Paul Grewal, affirmed that Rayfield is “literally picking up where the Gary Gensler SEC left off,” adding that the lawsuit is a “copycat case” attempting to “resurrect” the Securities and Exchange Commission’s (SEC) long-criticized regulatory approach under the previous administration. The SEC sued Coinbase in June 2023, affirming that the platform operated as an unregistered broker-dealer and illegally sold unregistered securities through its staking program. However, the lawsuit was dismissed in February 2025 following the establishment of the agency’s Crypto Task Force. Oregon’s lawsuit now claims that Coinbase sold high-risk investments without properly vetting to protect consumers, which has caused significant losses for Oregonians. Notably, the case covers significantly more tokens than the SEC originally named in its case, which listed 13 tokens. The lawsuit claims that the crypto exchange offered and sold 31 cryptocurrencies as investment contracts. In a Wednesday post, Grewal called out Rayfield for attempting to send his “Gensler-era copycat” lawsuit back to state courts, affirming that it goes against the US’s recent progress developing a clear and unified framework for the industry. In most places, it’s 2025. But the Oregon AG still thinks it’s 2023 with his Gensler-era @secgov copycat suit. Yesterday, he asked the federal court to send the case back to his home state court. This pursuit of a patchwork of state regulation – especially against the historic progress towards a unified federal framework – only helps politicians and harms consumers.