The new month has ushered in a fresh wave of retail liquidity in what analysts have dubbed a potential reversal setup, creating early bullishness for the near-term Dogecoin price prediction . After months of suppressed price action, volume levels unseen since June could mark new upward volatility for the meme coin , topping 1.71 billion over the past 24 hours. Still, risk-on sentiment remains fragile to broader macro narratives. Weaker-than-expected June U.S. jobs data and the looming July 9 “Liberation Day” tariff pause expiry fuel fresh FUD. President Donald Trump says he is not considering delaying his July 9 deadline for higher tariffs to resume and renews his threat to cut off talks and impose duty rates on several nations, including Japan https://t.co/euXZd60N6g pic.twitter.com/IMwXDnOzYC — Bloomberg TV (@BloombergTV) July 1, 2025 Analyst Points Bullish Reversal: Is This the Start of a New Uptrend? Popular pseudonymous crypto analyst Trader Tardigrade noted the early onset of a bullish reversal structure in a June 1 X post , citing a breakout above a critical 50-day descending trendline. Tardigrade notes that Dogecoin price has now formed a higher low, higher high, higher low sequence in its move above the long-standing trendline—the beginnings of a classic reversal structure. DOGE / USD 1-day chart, 50-day trendline breakout. Source: X, @TATrader_Alan. If this structure of successive higher highs and higher lows continues, it could signal that a new uptrend is forming, with buyers gradually regaining control of the market. This comes as speculative interest is building with traders actively following Dogecoin price moves. CoinGlass data shows a 24.7% rise in Open Interest since the month began. Dogecoin Open Interest (USD) starts July on uptrend. Source: Coinglass, DOGE Derivatives. These Derivative traders appear to be positioning for a continuation, with a long/short ratio of 2.92 on Binance showing that over 74.5% of its users are betting on price increases. Dogecoin Price Analysis: Is This the Start of a 3x Move? The development highlighted by Trader Tardigrade on the daily chart feeds into the broader breakout setup of a massive 4-year cup-and-handle pattern. This emerging uptrend aligns with historical support stretching back to Mid-2024, creating a potential confluence zone for a breakout as it meets the upper resistance of the handle. If the reversal sequence holds, the historical support could be a breakout launchpad for the pattern’s $0.75 technical target—a 3.45x gain from current levels. Momentum indicators support this outlook. The RSI continues trending higher, holding above 40, signaling that sellers are gradually losing control. More so, the MACD line is approaching a bullish cross above the signal line for the first time since early June. On the 3-day timeframe, this often signals the early stages of a new mid-term uptrend. However, for this 3.45x move to fully materialize by the end of the year, a market-warming social or fundamental catalyst like the October 17 U.S. spot DOGE ETF decision deadline will likely play a key part. Here are mine and @EricBalchunas ' most recent odds on spot crypto ETF approvals by the end of 2025. We expect a wave of new ETFs in this second half of 2025. pic.twitter.com/H3pxJhqMy3 — James Seyffart (@JSeyff) June 30, 2025 Immediate resistance at $0.186 remains the key threshold for a decisive breakout. A rejection here risks confirming a false breakout, putting pressure on the historical support. If this level is lost, the next major support level lies 45% lower at the mid-2024 market bottom around $0.09. Bitcoin Could be the Bigger Play – With Some Help Those who jumped to more speculative plays like TRUMP coin over the leading crypto may be forced to reconsider as the Bitcoin ecosystem finally addresses its biggest limitation: scalability. Slow transactions, high fees, and limited programmability have held it back from competing with the Ethereum and Solana networks—until now. And this shift starts with Bitcoin Hyper ($HYPER) , Bitcoin’s first real-time Layer 2 that brings Solana-level speed and smart contracts directly to the Bitcoin ecosystem. Powered by the Solana Virtual Machine (SVM) and anchored by a decentralized Canonical Bridge, it enables fast, cheap, and composable dApps—all while staying secured by Bitcoin. With almost $2 million in its third presale week, investors are already rallying behind $HYPER , potentially credited to its huge 410% APY on staking that rewards early investors. You can keep up with Bitcoin Hyper on X and Telegram , or join the presale on the Bitcoin Hyper website . The post Dogecoin Price Prediction – Analyst Flags Major Technical Breakout: Could DOGE Be Gearing Up for a 3x Run? appeared first on Cryptonews .
The post Pi Network Price Faces Bearish Pressure Despite AI-Fueled Optimism appeared first on Coinpedia Fintech News The price of PI Network has shown remarkable resilience, hovering around the $0.477 mark in the first week of July. Bullish traders are stepping in to defend this level, to protect its price from a drop that could lead to a revisit of its all-time low. As technical signals, the token’s price has been consolidating, leaving many to wonder about its next move. While its recent data from PiScan reveals a concerning future over the next 30 days, as more than 300 million tokens are waiting to be unlocked. The past is evident that it is not good news, at least for Pi Network, because demand has failed to keep pace with the influx of new tokens. Is Artificial Optimism In The Market For PI Network? Despite these bearish indicators, a wave of possible artificial optimism is emerging, fueled by the X account Pi News, which is claiming that PI could soon print the largest green candle in crypto history. $Pi is going to print the largest green candle in the crypto history, believe this . pic.twitter.com/q8lLBVOhnd — Pi News (@PiListingNews) July 2, 2025 Followed by a recent post from the account that hinted that PI coin is set to surprise investors in the coming weeks. The source of this optimism remains unclear, but the core team behind PI Network has been actively promoting their efforts to develop applications through Pi App Studio. This seems like a calculative strategy aiming to transform the coin’s image from a stagnant asset to a promising utility coin for the future. But will it work? Still a mystery. Source: Sentiment However, this post seems like an artificial post, just an effort to pump PI, which is more clear than ever with its on-chain metrics, that describes the overall flow of people’s thoughts are bearish and pessimistic. Even negative sentiment for PI just spiked, while positive sentiment on the chart can be seen clearly that it is on the decline. [post_titles_links postid=”478476″] Can This Be An End For PI Network’s Price? The PI Network price has reached a level on the chart that is marked as either a MAKE-OR-BREAK moment, as periods of low volatility have often preceded a significant outburst if an asset is truly credible. Is the PI Network credible for gains? Many might be wondering this at this point. However, with token unlocks lined up for the next 30 days and weak utility factors contributing to lower adoption, positive views are overshadowed by bearish sentiment. This clearly indicates that PI could be approaching its final shattering point. If it loses support near $0.477, it could slide to an all-time low of $0.40, raising the odds for the PI Network to descend further into the abyss. Conversely, if the token unlocks meet the right demand and drive utility-driven adoption, only then does it have a chance of survival in the industry. [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=”Price Analysis” category_id=”6″] FAQs Is Pi coin a good investment? If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year. What will be the value of Pi in 2025? Estimates suggest Pi could reach $3–$10 in 2025 if listed and widely adopted, but price depends on many factors. What will be the price of 1 Pi in 2030? If adoption grows, Pi could be worth $20–$50 by 2030, though long-term projections remain highly speculative.
On July 4th, blockchain analytics firm Lookonchain identified a long-dormant whale controlling a substantial cryptocurrency portfolio totaling 80,009 BTC, currently valued at approximately $8.69 billion. This entity manages eight distinct
In 2025, mobile applications have turned into a pillar to any person wanting to invest in cryptocurrency. The worldwide web offers a vast number of platforms, and it might be tricky to locate the safest and most lucrative ones. In this article, I will mention the best crypto mobile applications through which you can earn Bitcoin and other digital assets securely and with ease. MiningToken is one of the best alternatives that an individual can choose when planning to mine or invest in Bitcoin. 1. MiningToken (Switzerland) – $100 Free for New Users MiningToken is a reputable and licensed company operating in Switzerland that provides an easy and secure means of mining Bitcoin and other cryptocurrencies. The platform also offers various plans to suits beginners and advanced investors. With AI-based optimization, MiningToken enables its users to make the most out of their mining performance, guaranteed. 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The global crypto regulatory landscape is rapidly evolving, with the US, EU, and UK adopting distinct strategies that shape innovation and investment in digital assets. While the EU advances with
The post Binance Offers Zero-Interest Loans, Hires Ex-Central Bank Chief, How To Qualify! appeared first on Coinpedia Fintech News Binance has just rolled out a new loan service aimed at helping institutional clients access crypto liquidity more efficiently. With up to 4x leverage and even zero interest under certain conditions. On top of that, Binance has hired a former Central Bank of Ireland executive to lead its work in Europe and the UK. Binance Institutional Loans – With 0% Interest In a recent tweet post, Binance CEO Richard Teng announced that the company is launching “Binance Institutional Loans,” a product that allows large clients to borrow against their entire portfolio using multiple accounts. Unlike regular loans, these are cross-collateralized and offer much more flexibility. It lets big clients borrow $1 million to $10 million in USDT or USDC using multiple accounts as collateral. They can use over 400 crypto assets, including BTC, ETH, BNB, and SOL, to back the loan. These loans offer more flexibility than regular ones and don’t cut extra value from popular coins. If clients meet certain trading goals, they could even pay 0% interest, which means big savings for high-volume traders. Who Are Eligible For The Loan To qualify, users must be corporate clients ranked VIP 5+ or companies that Binance assesses individually. Supported collateral includes BTC, ETH, SOL, BNB, and popular stablecoins. These borrowed funds can then be used for margin and futures trading on Binance with up to 4x leverage. Binance’s new loan service offers fast trading and flexible credit for top-tier clients. Verified companies can borrow quickly by linking approved accounts, with near-instant trade speeds. New Leader for Europe and UK Along with the loan launch, Binance also appointed Gillian Lynch as its new Head of Europe and the UK. Lynch previously worked at Gemini and the Central Bank of Ireland, giving her a solid background in both crypto and traditional finance. Her job will be to lead Binance’s strategy and daily work in Europe, while also talking with local regulators and governments. Binance says this move is part of its plan to grow safely, follow the rules, and protect users.
Ethereum (ETH) is looking upbeat once again as it tries to wrestle some measure of control from the bears. The second-largest cryptocurrency by market capitalization is currently mimicking the early explosive growth of Bitcoin itself, raising possibilities of a major price breakout, according to one popular crypto analyst on X (formerly Twitter). Crypto GEMs, the X commentator in question, tweeted the similarity between BTC’s major price appreciation in early 2024 and Ethereum’s price action in recent months. According to another tweet by the same account, Ethereum is primed for an explosive rally, one that will take it above $4.2k in the coming months as the bull market intensifies. Ethereum has had a disappointing 2024-2025 bull market overall when it comes to comparing it to the previous two cycles of 2016-2017 and 2020-2021. The premier programmable language has struggled to adapt to change and has encountered several dead ends in its development over the last couple of years. However, there is still a chance that ETH can provide the goods in the near future, as it is starting to show some promise. Ethereum’s Recent Price Action Here is the ETH/USD price action for the last three months: Image Source: TradingView According to this graph, ETH has been quietly trending upward over the last couple of months, following lows in early May. The crypto attempted to move to $3,000 early in June but failed to break through and is now trading around the $ 2,600 valuation. The coin currently has a massive $312 billion valuation, and a major move is expected to raise the stakes of crypto to new heights, potentially overtaking some of the major companies in terms of valuation. Will ETH Finally Take Off Now? ETH’s 2024-2025 bull market journey has been one to forget overall. The crypto has yet to post a new All-Time High (ATH) during this cycle and remains stuck with one setback in November 2021, worth just below $5,000. A coin that cannot even surpass previous bull market highs in a new bull season is technically in decline, and ETH seems to be a textbook example of this case. BTC’s 2021 high was $69, and it is already sitting confidently around $110k, so there is a clear contrast in performance. However, there is still time for ETH to turn things around, and analysts are predicting a last hurrah for the digital currency in the coming months. It needs to make a clear move, first above $3k and then onwards towards $5k, or it could be bad news for it. The digital asset has been one of the cornerstones of the crypto market for the better part of 8 years, but if it fails to perform in the ensuing months, there is a real possibility that it will start to fade away. Other programmable networks, such as Solana , Sui, Tron , and Chainlink , could be gearing up to take their place.
On July 4, a bitcoin whale that had been off the radar since 2011 suddenly sprang to life, shifting a massive 20,000 BTC for the first time in more than 14 years. Over that stretch, the holder saw their stash balloon in value by a staggering 141,565,494%. After the 20,000 shift, the entity moved yet
Summary Bitcoin climbed 3% on strong ETP inflows while altcoins slumped, deepening a divergence that underscores both growing institutional BTC demand and fragility across the broader crypto landscape. Since January 2024, only 36% of the top 300 tokens are up. 25% more tokens have dropped over 50% than gained that much, and in 2025 alone, 7.5x more tokens declined over 50% than appreciated similarly. On June 25th, Bitcoin miner Bit Digital announced its transition into a pure-play Ethereum staking and treasury company, initiating the wind-down of its Bitcoin mining operations and beginning a gradual conversion of its BTC holdings into ETH. Bitcoin climbed 3% on strong ETP inflows while altcoins slumped, deepening a divergence that underscores both growing institutional BTC demand and fragility across the broader crypto landscape. June was a quiet month for crypto, with most tokens drifting lower amid declining volatility. Bitcoin ( BTC-USD ) was the standout, rising +3% for the month on steady ETP inflows totaling $4.5B . The divergence between BTC and altcoins continued to widen. The MarketVector Smart Contract Leaders Index (MVSCLE) fell (-5%) in June, highlighting the continued underperformance of altcoins over the past 18 months. Price Returns June YTD Coinbase 42.12% 41.16% MarketVector Global Digital Assets Equity Index 29.20% 15.17% Nasdaq Index 6.57% 5.48% S&P 500 Index 4.96% 5.50% MarketVector Decentralized Finance Leaders Index 4.19% -48.35% Bitcoin 2.62% 14.70% Ethereum -2.79% -25.09% MarketVector Smart Contract Leaders Index -3.68% -26.83% MarketVector Infrastructure Application Leaders Index -13.11% -45.92% MarketVector Meme Coin Index -17.18% -52.30% Source: Bloomberg as of 6/30/2025. Index performance is not representative of fund performance. It is not possible to invest directly in an index. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Since January 2024, only 36% of the top 300 tokens are up. 25% more tokens have dropped over 50% than gained that much, and in 2025 alone, 7.5x more tokens declined over 50% than appreciated similarly. Just 12% are up YTD, underscoring the increasingly skewed, Pareto-like nature of the crypto market. June Leaders: Arbitrum’s ARB ( ARB-USD ): +6% Tron’s TRX ( TRX-USD ): +4% June’s Laggards: Cardano’s ADA ( ADA-USD ): -18% Sui’s SUI ( SUI-USD ): -15% ARB rebounded from an early-June drawdown to end the month up 6% . This move followed Robinhood’s announcement to list up to 200 tokenized equities on Arbitrum for EU investors starting June 30. Long term, Robinhood aims to migrate this to its own blockchain, developed by Arbitrum creator Offchain Labs. While the news is positive, it’s unlikely to drive material fee growth or value accrual to the ARB token. The commercial arrangement compensates Offchain Labs, not ARB holders. Exchange Volumes and BTC Volatility Trading volumes dropped 29% across centralized exchanges (CEXeS) and were flat YoY. Spot volumes in BTC and ETH fell to multi-year lows relative to futures (BTC ( BTC-USD ): 19% , ETH ( ETH-USD ): 13% ). DEX volumes hit $332B in June, setting a new DEX/CEX ratio high of 28% , up from 21% in May. Return Profiles of Top 300 Non-Stable Tokens - Most Returns Negative Over All Time Periods Source: Artemis XYZ as of 6/30/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. BTC volatility dropped to 33% , the lowest since summer 2024. This was partly seasonal but also reflects structural demand: ETPs bought 42K BTC in June and BTC treasury firms added another 68K , more than offsetting June’s 13.5K BTC mined. This steady absorption suppresses volatility by providing a consistent bid. Crypto Treasury Companies An additional volatility dampener comes from the emergence of BTC treasury companies. Twenty-one new entities adopted the MicroStrategy-style strategy in June. These firms use debt issuance and equity to accumulate BTC, often trading at premiums to their holdings based on bullish BTC assumptions and easy capital access. These firms often trade at premiums to their BTC holdings, but the model carries major downside risk. A BTC drawdown >25% could crash their mNAVs, as seen with MSTR in 2022. In extreme cases, forced BTC sales could trigger recursive declines. While innovative, these firms are high-risk, option-like plays on BTC. In May we wrote about how MicroStrategy ( MSTR ), the pioneer of BTC Treasury Strategies, employs financialization to gradually increase BTC exposure for common shareholders. Currently, these entities are benefitting from a positive market environment buoyed by BTC price appreciation. With BTC going up in value, these companies can more easily finance additional BTC exposure by issuing securities receptive capital markets. If we assume that the market is rationally valuing these companies based upon terminal BTC holdings and a terminal BTC price in the future, this valuation will increase during market upswings. This is because BTC price projections will become more bullish and each company’s ability to finance new BTC purchases will also increase. The result is a higher terminal valuation for each BTC treasury company. As such, many of these companies are trading a premium to their holdings of BTC based upon a rosy outlook for Bitcoin and the financing market for Bitcoin treasury companies. However, things can turn grim very quickly for these Bitcoin companies if BTC experiences one of its typical, large drawdowns of (> -25% ). MSTR demonstrated this negative dynamic during the summer of 2022 when its mNAV fell as low as 0.7 . If BTC price collapses, the downside will translate into mNAV degradation for many of these BTC companies. And, if these businesses are unable to fund operations or make debt repayments, market participants may begin to sense these BTC companies may be forced to liquidate their BTC holdings. This may cause recursive price depreciation for both the treasury companies and BTC. As a result, while we see some of these vehicles as interesting financial experiments to give holders option-like exposure to BTC, we recognize the massive risks posed to investors in these companies. Solana Updates Solana Has the 2nd Highest "Blockchain GDP" Source: Token Terminal as of 6/30/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. With an ETH ETP approved last July, anticipation was high for a SOL ETP in 2025. That milestone materialized on July 2 with the launch of the REX-Osprey Solana + Staking ETF (SSK), which traded an impressive ~$40M on its first day. However, SSK is not a spot-based ETP in the traditional sense. Instead, it functions as a fund-of-funds, holding a Cayman subsidiary that invests in SOL and participates in staking via providers like Jito. The structure sidesteps direct SEC approval of spot SOL custody by leveraging the 1940 Act and a C-corp wrapper. While a major step forward, SSK comes at a cost, charging a 1.4% expense ratio, and leaves room for future products with purer exposure. As the first spot SOL ETP filer, we remain optimistic that a more direct, staking-enabled structure could be approved, offering lower fees, improved redemption mechanics, and greater transparency at launch. We believe Solana is well-positioned to underpin the emerging 'Internet Capital Markets', a digital environment for real-time financial exchange. Its strengths include: Latency: Solana confirms transactions in 400ms with 5s finality which is vastly quicker than BTC (1 hour) or ETH (13 min), critical for real-time commerce. Throughput: Solana averages 1.5K TPS with bursts >10K TPS, enabling cheap, sub-cent microtransactions for mass-scale applications. Ongoing Innovation: With teams like Anza and Firedancer, Solana aims for 100K TPS within a year, 1M TPS in three and this aggressive roadmap is unique among blockchains. Developer Base: Solana hosts ~6,400 active developers ( ~25% of all crypto devs), driven by its rich tooling and performance. Solana's application layer continues to grow across verticals, including trading, liquid staking, consumer tokens, and anti-bot infrastructure. Key contributors to Solana GDP in June included: Most Top Solana Apps are in Trading or Stablecoins Source: Token Terminal as of 6/30/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Raydium Dominates Activity - 2x Other 9 Apps Combined Source: Token Terminal as of 6/30/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Solana Trading Volumes Cluster Around a Few Top Apps Source: Dune @Ally as of 6/30/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Jito: Solana liquid-staking protocol that issues JitoSOL and shares validator MEV earnings with stakers. This application derives value from all DEX activity by means of earning MEV revenues. Raydium: The top Automated Market Maker on Solana whose liquidity pools plug into a central on-chain order book for combined AMM and limit-order depth. Adds revenues through trading activity. pump.fun: No-code Solana launchpad for new tokens that provides novel assets that drive new trading volumes. The tokens launched on Pump were responsible for as much as 90% of Solana trading volumes in January 2025. Meteora: A novel AMM whose pools adjust fees and token balances algorithmically to reflect market conditions. Meteora’s volumes are up 272% YoY. Orca : Solana AMM supporting concentrated-liquidity “Whirlpool” pools for capital-efficient swaps. Orca was once a more dominant DEX but has lost market share to competitors who focused on memecoins falling from 31% market share in 1Q2024 to 15% market share by 1Q2025. Axiom Trade: Axiom is a recent creation to prevent Solana users from being front run by trading bots. Trading volume has grown 40x since Jan 2025 to June 2025, $8M -> $3.2B . Trojan: A trading application that simplifies trading by using Telegram as a wallet and to execute trades. This provides a more “social trading” experience. The app has grown from 160K monthly active users in Jan 2025 to 350K monthly active users in June 2025. Photon : A competing telegram trading application to Trojan that earned $6.9M in revenue over the past month. BullX: A platform that combines complex trading features to enable more sophisticated trading strategies. The application averages 260K monthly active users in June 2025 and generated $2.6M in revenues. SOL ETP and Staking Considerations A key feature for a successful SOL ETP will be staking integration. Without it, investors could lose out on 7–10% annual yield and suffer dilution, as roughly half of SOL’s yield derives from inflationary issuance. However, including staking introduces multiple challenges: Operational risks: These include validator slashing, key management failures, or governance misalignment. Tax uncertainty: There is limited IRS guidance on staking income treatment. Principal-agent issues: Validators may profit from opaque activities (e.g. MEV) not passed through to ETP holders. Redemption constraints: While ETP shares must redeem T+1, unstaking SOL can take ~2 days (and longer for ETH). Market makers must hedge this gap at a cost (~9bps/day at a 40% cost of capital). Some solutions for redemptions have been presented, but none of these are ideal. One idea is to let market makers charge investors for early access to unstaked tokens, but that model assumes liquid and cheaply priced withdrawal markets. During bouts of volatility, the cost of capital soars and the exit fee does too. Another idea is to hold a liquid staking token (LST), yet regulators in several jurisdictions treat these tokens as unregistered securities. Additionally, they are prone to de-pegging under stress. In the summer of 2022, Lido’s stETH traded at ( 88% ) percent of its net asset value. LSTs also introduce additional smart-contract risks that are hard for typical ETF investors to evaluate. We are working with validators to model these tradeoffs and remain optimistic about a path forward. With transparency, coordination, and thoughtful structuring, a staking-enabled SOL ETP is achievable. Ethereum Updates Spot ETH ETPs See Largest Monthly Inflows of 2025 Source: Glassnode, Yahoo Finance as of 6/29/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Investors poured ~$1.1B into Ethereum ETPs in June, the second-largest month since their launch in 2024. Actual institutional demand for ETH may be even higher, as this figure coincides with a renewed interest in using ETH as a treasury asset. We first noted this trend in May, when several public companies began emulating the treasury strategy popularized by Strategy (MSTR), but using ETH instead. While both ETH ETPs and ETH treasury strategies are bullish for the asset, they compete for similar pools of capital. Source: Yahoo Finance, Company Press Releases as of 6/30/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. On June 25th, Bitcoin miner Bit Digital ( BTBT ) announced its transition into a pure-play Ethereum staking and treasury company, initiating the wind-down of its Bitcoin mining operations and beginning a gradual conversion of its BTC holdings into ETH. However, the stock opened down (- 17% ) the following morning, raising questions about market appetite for ETH treasury-focused firms. In contrast, on June 30th, newly uplisted BitMine Immersion Technologies ( BMNR ) announced a $250M private placement, selling 55,555,556 shares of common stock for $4.50 per share, with plans to use the proceeds to acquire ETH for its treasury operations. We suspect this divergent performance reflects BMNR’s smaller size, prominent backers, and relatively large fundraise, which could make it a more compelling and straightforward pure-play ETH treasury play in the eyes of investors. Ethereum’s blockchain itself also saw meaningful inflows in June, adding ~$5.1B in net digital assets. Nearly all of these new assets ( ~$5.0B ) originated from Coinbase’s Base L2, even as Base’s monthly DEX volumes declined ( -13% ). The fading AI-driven activity (e.g., VIRTUAL -26% ) likely drove this decline. 34% of Ethereum Transactions Involved Stablecoins in June, Driving Network Activity Near All-Time Highs Source: Glassnode as of 6/30/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. While perhaps defensive by crypto standards, this rotation into the L1 may not be bearish. Instead, it suggests that on-chain traders, primarily retail, are aligning with institutional investors’ renewed interest in Ethereum’s base layer. In June, stablecoins experienced a breakout moment following Circle’s IPO and the GENIUS Act’s advancement towards the House, with daily transactions rising (+7%) month-over-month and (+27%) year-over-year. Of the $125B in total stablecoin supply, Ethereum L1 hosts the majority (51%) and settles over ( 58%) of all stablecoin transaction volume ( 29% on ETH L1, 25% on Base, and 4% across Arbitrum, Mantle, and OP Mainnet). Meanwhile, Ethereum-native DeFi tokens such as Maple Finance ([[SYRUP]] +61% ), Sky ([[SKY]] +22% ), Uniswap ([[UNI]] +17 %), and Aave ([[AAVE]] +9% ) were among June’s top-performing tokens, underscoring how Ethereum’s legacy protocols are benefitting from real-world, stablecoin-driven financial applications. Accordingly, we believe the all-time high in NFT transfers on Ethereum is being driven not by JPEG art speculation, but by emergent use cases like tokenized real-world assets, digital identifiers, and on-chain debt instruments. Links to third party websites are provided as a convenience and the inclusion of such links does not imply any endorsement, approval, investigation, verification or monitoring by us of any content or information contained within or accessible from the linked sites. By clicking on the link to a non-VanEck webpage, you acknowledge that you are entering a third-party website subject to its own terms and conditions. VanEck disclaims responsibility for content, legality of access or suitability of the third-party websites. Discloures Index Definitions S&P 500 Index: is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and covers approximately 80% of available market capitalization. Nasdaq 100 Index: is comprised of 100 of the largest and most innovative non-financial companies listed on the Nasdaq Stock Market based on market capitalization. MarketVector Centralized Exchanges Index: designed to track the performance of assets classified as 'Centralized Exchanges'. MarketVector Decentralized Finance Leaders Index: designed to track the performance of the largest and most liquid decentralized financial assets, and is an investable subset of MarketVector Decentralized Finance Index. MarketVector Media & Entertainment Leaders Index: designed to track the performance of the largest and most liquid media & entertainment assets, and is an investable subset of MarketVector Media & Entertainment Index. MarketVector Smart Contract Leaders Index: designed to track the performance of the largest and most liquid smart contract assets, and is an investable subset of MarketVector Smart Contract Index. MarketVector Infrastructure Application Leaders Index: designed to track the performance of the largest and most liquid infrastructure application assets, and is an investable subset of MarketVector Infrastructure Application Index. MarketVector Digital Assets 100 Large-Cap Index: market cap-weighted index which tracks the performance of the 20 largest digital assets in The MarketVector Digital Assets 100 Index. MarketVector Digital Assets 100 Small-Cap Index: market cap-weighted index which tracks the performance of the 50 smallest digital assets in The MarketVector Digital Assets 100 Index. MarketVector Meme Coin Index: modified market cap-weighted index which tracks the performance of the 6 largest meme coins. Meme coin refers to crypto assets often named after characters, individuals, animals, artworks, or other memetic elements. Initially supported by enthusiastic online traders and communities, these coins are intended for entertainment purposes. Coin Definitions Bitcoin (BTC): A decentralized digital currency enabling peer-to-peer transactions without intermediaries or a central authority. Ethereum (ETH): A decentralized platform that enables smart contracts and decentralized applications (dApp S ) using its native token, Ether. Solana (SOL): A high-performance blockchain using Proof-of-History and Proof-of-Stake to support fast, low-cost dApps and decentralized finance. BNB (BNB): The native token of the BNB Chain ecosystem (formerly Binance Smart Chain), used for gas fees, staking, and DeFi applications. Avalanche (AVAX): A highly scalable smart contract platform designed for speed and low fees, supporting custom subnets and DeFi applications. Cardano (ADA): A proof-of-stake blockchain emphasizing academic research and peer-reviewed development; used for dApps and token issuance. Polkadot (DOT): A multichain network that enables interoperability between blockchains via parachains and a central relay chain. Tron (TRX): A blockchain platform focusing on digital entertainment and content sharing, enabling low-cost transactions and USDT transfers. Toncoin (TON): A layer-1 blockchain originally developed by Telegram, optimized for scalability, speed, and integration with the messaging app. Sui (SUI): A high-throughput, low-latency Layer 1 blockchain designed for parallel transaction execution and on-chain asset management. Near Protocol (NEAR): A Layer 1 blockchain with a sharded architecture designed for developer-friendly applications, recently pivoting toward AI and intent-based trading. Hedera (HBAR): A proof-of-stake network using a unique hashgraph consensus algorithm, focused on enterprise-grade decentralized applications. Mantle (MNT): A modular Ethereum Layer-2 solution using Optimistic Rollups and Alt-DA to improve scalability and cost-efficiency. Base: A Coinbase-backed Ethereum Layer-2 using Optimistic Rollups to offer fast, low-cost transactions within a regulated environment. Scroll: An Ethereum Layer-2 network utilizing zk-rollups for enhanced security, scalability, and faster transaction speeds. EigenDA: A decentralized data availability layer leveraging Ethereum validators to offer scalable, modular rollup infrastructure. Celestia (TIA): A modular blockchain focused on providing decentralized data availability for Layer-2 rollups and other chains. Uniswap (UNI): A leading decentralized exchange (DEX) on Ethereum that uses an automated market maker (AMM) model for permissionless token swaps. Risk Considerations This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees. Index performance is not representative of fund performance. It is not possible to invest directly in an index. In vestments in digital assets and Web3 companies are highly speculative and involve a high degree of risk. These risks include, but are not limited to: the technology is new and many of its uses may be untested; intense competition; slow adoption rates and the potential for product obsolescence; volatility and limited liquidity, including but not limited to, inability to liquidate a position; loss or destruction of key(s) to access accounts or the blockchain; reliance on digital wallets; reliance on unregulated markets and exchanges; reliance on the internet; cybersecurity risks; and the lack of regulation and the potential for new laws and regulation that may be difficult to predict. Moreover, the extent to which Web3 companies or digital assets utilize blockchain technology may vary, and it is possible that even widespread adoption of blockchain technology may not result in a material increase in the value of such companies or digital assets. Digital asset prices are highly volatile, and the value of digital assets, and Web3 companies, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment. Digital assets are not generally backed or supported by any government or central bank and are not covered by FDIC or SIPC insurance. Accounts at digital asset custodians and exchanges are not protected by SPIC and are not FDIC insured. Furthermore, markets and exchanges for digital assets are not regulated with the same controls or customer protections available in traditional equity, option, futures, or foreign exchange investing. Digital assets include, but are not limited to, cryptocurrencies, tokens, NFTs, assets stored or created using blockchain technology, and other Web3 products. Web3 companies include but are not limited to, companies that involve the development, innovation, and/or utilization of blockchain, digital assets, or crypto technologies. All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance. © Van Eck Associates Corporation. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
On July 4, the cryptocurrency market faces a pivotal moment as nearly $3 billion in Bitcoin options and $612 million in Ethereum options expire, signaling potential volatility and strategic shifts.