BlackRock's Bitcoin ETF quickly reached over $80 billion in assets under management. Its success showcases accelerating integration of digital assets into traditional finance. Continue Reading: BlackRock Surpasses Milestones with Its Rapidly Growing Bitcoin ETF The post BlackRock Surpasses Milestones with Its Rapidly Growing Bitcoin ETF appeared first on COINTURK NEWS .
President Donald Trump’s latest tariff move is shaking up the Bitcoin and broader crypto market. After announcing a 30% tariff on goods from the European Union (EU) and Mexico, Bitcoin’s price took a sharp hit, falling below $118,000. The sudden drop came just after Bitcoin hit a new all-time high . This shows how quickly markets can react to global politics and trade news. It also raises worries that a new trade war could affect global markets and investor confidence. Crypto Market Turns Bearish After Trump’s Tariff News Goes Public Many posts on Truth Social say President Trump has sent official letters to the EU and Mexico. In the letters, he announced a new 30% tariff on goods coming into the U.S. from both regions. The tariffs will start on August 1 and are part of a larger trade plan already affecting other U.S. trading partners. The news quickly shook the crypto market. Before the announcement, Bitcoin had reached a new high of $118,200. However, soon after, the price dropped sharply. At the time of writing, Bitcoin is trading at $117,457, down by 0.40% in the last 24 hours, according to CoinMarketCap data. Analysts who were initially confident about a strong rise now think the top coin could keep falling as the market reacts. U.S Tariff Moves Continue to Pressure Bitcoin This is not the first time the crypto market has responded to Trump’s trade decisions. On July 7, he imposed 25% tariffs on imports from South Korea and Japan. He also sent tariff letters to 12 additional countries, each with different rates. That same day, Bitcoin fell below $108,000 before quickly rising again. By July 10, the digital coin had recovered and hit a new record above $112,000. The upward trend continued for a few more days, reaching $118,800 before dropping again due to the latest tariff news. Tariff Fears Could Trigger Broader Trade War While Bitcoin has shown resilience in recent weeks, Trump’s aggressive trade stance is creating uncertainty. The president warned that if other countries respond by raising tariffs on American goods, the U.S. will retaliate. Also, if the affected countries retaliate with their tariff hikes, the U.S. will respond with further measures. This growing tension raises concerns about a possible trade war, which could have far-reaching effects on both traditional and digital markets. Some investors are still confident in Bitcoin’s potential as a safe haven during global uncertainty. However, others worry that an economic slowdown and risk-off sentiment could push crypto prices down in the short term. The post Trump’s 30% Tariffs on EU and Mexico Shake Bitcoin’s Bull Run appeared first on TheCoinrise.com .
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Dubai, UAE, July 12th, 2025, Chainwire DWF Ventures, the venture arm of web3 investor and market maker DWF Labs, has released a comprehensive report exploring the future of stablecoins, with a spotlight on Tether's USDT and scaling solutions like Plasma and Stable. The analysis delves into the current state of stablecoins and how new purpose-built chains are poised to enhance USDT's global adoption by addressing compliance and scalability issues. In its stablecoin analysis, delivered in the form of an X thread, DWF Ventures examines the evolution of stablecoins, from synthetic dollars to digital payment solutions powering over $27 trillion in transfer volume, surpassing giants like Visa and Mastercard. It highlights how stablecoins now support use cases such as inflation hedging, global payroll, remittances, and consumer fintech. The report assesses the US Treasury Secretary's expectation of a $2 trillion stablecoin market by 2028, alongside recent milestones like Circle's IPO and the GENIUS Act. However, DWF Ventures identifies key inefficiencies in the current stablecoin ecosystem, including liquidity fragmentation across chains, lack of transparency, complex fiat ramps, and vulnerability to regulatory shifts. Issuers and adopters face chain dependency risks, volatile fees, and optimization gaps, particularly as over 80% of transactions occur on Tron and Ethereum. Tether dominates with a 62% market share and commensurate revenue, with USDT and Circle’s USDC accounting for 83% of transactions. This dominance has spurred new projects like Stable and Plasma, both backed by Tether, to optimize USDT for broader use cases such as payments, remittances, and enterprise DeFi. Stable is an EVM-compatible Layer 1 designed exclusively for stablecoins, featuring zero gas fees on USDT transfers and native USDT gas payments, DWF Ventures notes, making it the first standalone L1 to enable this. It unlocks low-cost scalability through features like bridging via LayerZero, native liquidity on Stable L1, built-in institutional compliance tools, off-chain sequencing, and a private mempool for enterprises. Plasma, an EVM-compatible Bitcoin sidechain focused on stablecoins, has already hit a $1 billion deposit cap amid buzz around its upcoming XPL public sale. It emphasizes enabling scalable onchain merchant payments, remittances, commodity trading, and yields on stablecoins and Bitcoin. Key features include gas fees paid in whitelisted tokens with zero fees for USDT transfers, optional privacy via ZK or mixer protocols, and performance of up to 2K TPS with low latency. The report compares these solutions against Tron, highlighting shared traits such as the ability for USDT to serve as a native gas token as well as the availability of protocol-level compliance, but notes distinctions in network types, consensus mechanisms, and privacy features. While Tron excels in cross-chain bridging, high DeFi activity, and community governance, Stable prioritizes enterprise tools, and Plasma offers optional privacy and Bitcoin integration. DWF Ventures warns of ongoing challenges, including regulatory uncertainties and the need for better infrastructure to scale stablecoins into a foundational financial system. Yet it remains bullish, viewing Plasma and Stable not as replacements for USDT but as upgrades for faster and compliant global adoption. The analysis concludes: “Stablecoins as a whole aren’t just growing, they are forming and becoming the foundation for a new financial system.” DWF Ventures anticipates continued stablecoin growth and innovation and invites builders to connect for potential investments. The full DWF Ventures stablecoin analysis can be read here . About DWF Labs DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges. Learn more: https://www.dwf-labs.com/ ContactVP of CommunicationsLynn ChiaDWF Labspress@dwf-labs.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Florida Attorney General James Uthmeier has launched an investigation into Robinhood over allegations that the retail trading giant falsely promotes its crypto platform as the least expensive way to purchase digital assets. Uthmeier notes that Robinhood earns revenue by routing customers’ trades to third-party market makers in a payment-for-order-flow (PFOF) system. The state attorney general says Robinhood attracts customers by claiming to offer the “lowest cost on average” to trade crypto. Uthmeier argues, however, that Robinhood’s PFOF structure actually makes it more expensive than competing platforms that offer all-in trading costs. “When consumers buy and sell crypto assets, they deserve transparency in their transactions. Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive.” The attorney general says third-party market makers that pay Robinhood for order flow sometimes have to charge worse prices to be profitable. Uthmeier issued a subpoena, asking Robinhood for organizational documents, employee information, advertising history, disclosures made to users related to fees, pricing documents, PFOF information, documents related to the sale of customer data, and information regarding Florida users specifically. Robinhood’s crypto division is required to respond to the subpoena by the end of the month, according to the attorney general. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Florida Attorney General Probing Retail Trading Giant Robinhood for Allegedly Claiming To Be the Least Expensive Crypto Platform appeared first on The Daily Hodl .
Bitcoin mining firm, BTC Digital (BTCT), has moved $1 million of company cash into ether (ETH), which it called its new “digital gold.” BTCT Moved $1M Into Ethereum Reserve, chief executive officer Siguang Peng said in a press release, adding that Ethereum has “emerged as the foundation of on-chain USD settlement and value transfer.” "By securing an initial $1 million ETH reserve today—and with plans to scale that position—we are proactively positioning ourselves for decentralized finance, stablecoin issuance, and asset tokenization,” Peng said. BTCT plans to grow the reserve as upgrades lift capacity and U.S. rules solidify. BTC Digital was previously a bitcoin mining company. The firm recently said that "its 20 MW large–scale cryptocurrency mining project in Georgia has reached a significant milestone." The company doesn't state if it still plans to mine bitcoin, but said it is "building on its origins in large–scale crypto mining, BTCT is undergoing a strategic evolution from "hash–rate provider" to "on–chain financial infrastructure participant," in the press release. BTC Digital is the second publicly traded bitcoin miner turning to an ether treasury. Earlier this month Bit Digital (BTBT) shifted its entire treasury from BTC to ETH as it moved to a staking strategy. The move saw its stock jump up to 30%. It has since corrected in a nearly 20% drop. Meanwhile, BTCT's stock closed Friday's trading session 13% higher. Publicly-known ether treasuries, which include the treasuries of decentralized autonomous organizations (DAOs), Layer-2 networks, and publicly-traded firms, currently hold more than 1.34 million ETH, according to a public tracker.
As bitcoin pushes into uncharted price territory, speculators are letting their imaginations run wild—just how high can the top crypto climb? Over on prediction market Polymarket, bettors are giving it a 20% shot that BTC hits $130,000 before July wraps up. Prediction Market Bets Explode: $120K Leads, $200K Still in the Cards On July 11,