The XRP price has surged by 5.5% in the past 24 hours, with the alt reaching $2.58 as Bitcoin’s new record highs boost the crypto market today. XRP is now up by an impressive 16% in a week and by 23% in the past fortnight, while its return over the last 12 months has now risen to 480%. These are very bullish percentages, and they come as XRP wallets top 7 million , with XRP Ledger having added 840,000 new addresses in the past six months alone. It’s currently adding somewhere in the region of 7,000 new wallets daily , and given its fundamentals and the direction of the wider market, the medium- and long-term XRP price prediction looks very promising. XRP Price Prediction: 7,000 New Wallets Added Daily as Adoption Explodes – Could XRP Hit $100 Sooner Than Expected? XRP is therefore witnessing a surge in demand and adoption, and if crypto has entered another bull market, then its on-chain metrics are only going to improve over the coming weeks and months. BREAKING: #XRP Wallets Surge to 7.12 Million — that’s 840,000+ new addresses added in just 6 months! Adoption is no longer coming. It’s here. pic.twitter.com/Dad66gyloH — XRP Governor (@xrpgovernor) July 11, 2025 Not only has the XRP price surged in the past day, but there have been several big XRP transfers this week, including one yesterday worth over $100 million . Larger traders and institutions are clearly buying into XRP in a big way, as we can also see from recent CoinShares Digital Asset Fund Flows reports . And if we look at its chart today, we see that it has decisively begun a breakout, with its indicators all flashing ‘buy.’ Not only has its RSI (yellow) risen above 70, but its moving average convergence divergence (orange, blue) has just turned positive. Source: TradingView What’s particularly bullish about this is that the MACD is still some way from hitting the overbought levels it witnessed in late November and January. As such, there’s plenty of time left before the current rally runs out of steam, with the XRP price potentially rising more or less consistently for the next few weeks. The longer-term picture is even more positive, given that we’re waiting on the approval of numerous XRP ETFs , which could send the altcoin flying. Based on this, the XRP price could hit $3 by the end of July, and potentially end the year at $10, if not higher. TOKEN6900 Presale Passes $300,000 As Hype for Edgy Meme Coin Grows Assuming that a fully fledged bull market is kicking off, now may be a very opportune time to diversify into newer tokens as well, given the positive volatility they can often display. This includes presale tokens, which can sometimes generate enough momentum to produce big rallies when they list for the first time. One example with a good chance of doing this is TOKEN6900 (T6900), an ERC-20 meme coin that opened its presale only a couple of weeks ago. brain made of pop rocks and mint button pic.twitter.com/NPlTUJaiIy — Token6900 (@Token_6900) July 10, 2025 It has already raised more than $330,000, a reassuring sign of how popular it could become once it launches. What’s bullish about TOKEN6900 is that it’s billing itself as a pure, unadulterated meme coin, one without any pretension of ‘fundamentals’ or ‘utility.’ Its website proudly declares that it’s about “Delusion, Irony, And The Collective Hallucination Of Terminally Online Traders,” and that it’s a “Crypto Presale Fantasy.” In other words, it will lean on marketing, hype and FOMO more than any particular use case, with the coin aiming to build an online community of champions and evangelists. Much like the popular SPX6900, it has taken on the trappings and stylings of the infamous dot-com boom, with its website and socials revolving around retro graphics. Its token, T6900, will have a max supply of 930,993,091 tokens, with holders able to stake the coin for a passive income stream. Investors can join its presale by going to the official TOKEN6900 website , where T6900 costs $0.006525. The post XRP Price Prediction: 7,000 New Wallets Added Daily as Adoption Explodes – Could XRP Hit $100 Sooner Than Expected? appeared first on Cryptonews .
Since its inception early last year, Bitcoin Spot ETFs have become a crucial part of its market dynamics. During inception, several spot BTC ETFs were launched, but BlackRock’s IBIT has turned out to be quite successful, which currently stands as the biggest BTC spot exchange product. Capital Flows Drive BlackRock Bitcoin ETF While Bitcoin Spot Exchange-Traded Funds (ETFs) continue to record inflows, BlackRock’s BTC ETF, IBIT, is witnessing substantial growth compared to other products. Presently, the product appears to be leading the charge with a surge to new levels, surpassing other funds. In a post on the X platform, The Kobeissi Letter, a leading commentary on the global capital market, announced that the Bitcoin ETF, IBIT, has hit a new milestone in terms of assets under management. The assets under management have surged to a value of $76 billion, highlighting the quickening rate of institutional acceptance in the cryptocurrency industry. According to the Kobeissi Letter, total assets have tripled over the past 200 trading days, as per ZeroHedge. This fresh milestone by IBIT cements BlackRock’s dominant position in the broader spot BTC ETF sector. As the iShares Bitcoin Trust generates unprecedented AUM, it demonstrates the increasing belief among major investors that Bitcoin merits a crucial place at the global investment table . BlackRock’s IBIT sharp rise in AUM to a new high appears to be exceptional, as many funds took several years to experience this growth. It is worth noting that it took more than 15 years for GLD, the biggest gold ETF, to achieve the same feat. The Kobeissi Letter also reported that the IBIT’s Bitcoin holdings have increased substantially during the period. Data from the market expert shows that IBIT BTC holding has grown to over 700,000 BTC for the first time in history. Comparing this amount of Bitcoin acquired with that of MicroStrategy, a firm that is mainly recognized for its strategic accumulation of BTC, it is 100,000 BTC more than the total holdings of the company. Given the stunning growth of the IBIT, the Kobeissi Letter believes that the overall “crypto markets are making history.” More Buying Interest In BTC Than ETFs Lark Davis, a crypto expert and entrepreneur, has outlined a new trend in buying activity among institutional players. Despite the continuous capital inflows into ETFs, many investors appear to be more interested in acquiring Bitcoin directly than through ETFs. The expert revealed that BTC purchases by public businesses are outpacing those of ETFs. In addition, Davis stated that the number of Bitcoin Treasury businesses is growing every week, as institutional investors continue to hoard BTC in unprecedented quantities. Considering this mass accumulation by public institutions, the expert is confident that the market is about to go insane from here.
While bitcoin hovers above the $117.7K mark, cruising close to $118K, its elusive creator, Satoshi Nakamoto, now ranks as the 11th wealthiest person on Earth—edging out Michael Dell, the founder, chairman, and CEO of Dell Technologies. Satoshi’s Unmoved Coins Could Crown Him King of Global Wealth With an estimated 1.096 million BTC valued at $128.92
Data from Sentimentrader, referenced by The Kobeissi Letter, reveals that as of July 12, a minority of cryptocurrencies are trading near their 252-day peak, defined as within 5% of their
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Meme coins are surging as Dogecoin leads a significant rally amid Bitcoin’s new highs, with the Solana-based Pump.fun token sale imminent. The meme coin sector is outperforming major cryptocurrencies, driven
Meme coins, led by Dogecoin, are jumping higher Friday as Bitcoin hits new highs—and the Pump.fun Solana token sale is only hours away.
The decentralized trading platform GMX recently faced one of its most significant security breaches. An attacker exploited a vulnerability in the platform’s first version, stealing over $40 million worth of cryptocurrency. However, in a surprising turn of events, the attacker has now started returning the stolen funds . This happened after GMX offered a white-hat bounty worth $5 million and promised no legal consequences. A Costly Breach Hits GMX V1 Earlier this week, the attacker targeted GMX’s original trading system, known as GMX V1, on the Arbitrum blockchain. The hacker took advantage of a weakness in GMX’s OrderBook contract. This allowed the bad actor to change the short trading price of Bitcoin (BTC) and increase the value of the GLP token. The inflated token value was then used to cash out and make a profit. The attack affected several digital coins, including USDC, Frax, Wrapped Bitcoin, and Wrapped Ethereum. In total, the hacker stole over $40 million worth of crypto. As seen in many similar cases , GMX responded quickly to the attack. The team stopped trading and token minting on its V1 system across both the Arbitrum and Avalanche networks. It is important to note that GMX V2 and the platform’s primary token were not affected by the attack. A White-Hat Bounty Turns the Tide To reduce the damage and avoid a prolonged loss, GMX took a bold step. The GMX team sent a message to the attacker using the blockchain. They offered a 10% white-hat reward of $5 million if the stolen funds were returned within 48 hours. The team also promised not to take legal action if the attacker cooperated. Soon after, a reply came through the blockchain, saying the funds would be returned. The attacker kept that promise and sent back two large batches of money. First, $5.5 million worth of Frax was returned, followed by another $5 million. These were sent directly to the GMX deployer wallet. Soon after, the attacker also returned around 9,000 ETH, worth approximately $27 million. This brought the total amount returned close to the full sum stolen. This kind of move by GMX is not unusual in the crypto world and is often used to encourage cooperation after a significant breach. Market Reaction and Project Response After the attack, GMX’s token dropped by over 28%, hitting a low of $10.52. However, once the attacker agreed to return the funds, the price quickly bounced back and went up by more than 13%. The GMX team thanked the attacker on-chain for returning the money and started working to protect the platform going forward. To prevent such hacks from recurring, the team has permanently disabled GLP minting and redemption on Arbitrum. Affected users would be able to close their positions, and leftover funds will be used to compensate those impacted. The post GMX Hacker Begins Returning Siphoned $40M After White-Hat Offer appeared first on TheCoinrise.com .
The crypto market has been on a tear in 2025, and the latest 99Bitcoins Q2 State of Crypto Market Report, authored by Manisha Mishra and sponsored by KCEX, lays it all out. The quarter saw institutional demand surge, Bitcoin ($BTC) hit a then-ATH of $111,980, and crypto hiring spike 753%. Despite the rally, the total market cap was still 12% below its $3.7 trillion peak, hinting at room to run. With stablecoin adoption booming and long-term holders stacking, Q2 may have been the real start of this cycle’s breakout. Read the full report here: State of Crypto Q2 2025 – 99Bitcoins A Record-Breaking Quarter for Bitcoin Bitcoin lit up Q2 with a 25.66% gain, smashing past resistance to hit a then-record $111,980 on May 22. That put it well ahead of gold’s 7.21% rise and most equity indices, marking a sharp reversal from Q1’s pullback. According to 99Bitcoins’ Q2 report, the rally was driven by institutional inflows, ETF demand, and growing sovereign interest, with governments now holding 2.5% of Bitcoin’s total supply. Meanwhile, spot ETF flows consistently outpaced miner issuance, tightening supply just as demand surged. Chris Wright of 21Shares summed it up: “We believe that Bitcoin ETFs will attract 50% more inflows this year compared to last year. This would result in net inflows of approximately $55 billion in 2025, representing an increase of around $20 billion year-over-year.” A golden cross in late May confirmed the uptrend, following a clean breakout from months of consolidation. It’s a textbook bullish structure. With price action and fundamentals in sync, Q2 marked the clearest shift yet: Bitcoin is back, but powered by institutions, not retail. Institutions Took the Wheel, Retail Turned to Altcoins According to the 99Bitcoins report, this bull run has a different driver behind the wheel. And it’s not Reddit. 9 out of 10 experts interviewed in the Q2 report said retail traders have shifted their focus to the best altcoins, chasing faster gains while institutions quietly accumulated Bitcoin. The on-chain data backs it up. Glassnode shows that 30% of $BTC’s supply is now held by centralized entities, with large players dominating inflows. Meanwhile, Google Trends reveals that retail interest in “Bitcoin” searches stayed surprisingly low throughout Q2, even as $BTC hit new highs. Confidence among long-term holders also climbed. UTXO activity dropped, and the amount of BTC in long-term storage kept rising. A sign that serious capital isn’t looking to sell anytime soon. Stablecoins and DeFi Picked Up Steam If Q2 proved anything, it’s that stablecoins aren’t just stable, they’re also scaling. The Circle IPO popped 168% on day one, marking the first stablecoin issuer to go public and signaling TradFi’s growing appetite for crypto exposure without the volatility. According to 99Bitcoins, 81% of crypto-aware SMBs now want to use stablecoins for daily ops, and the number of Fortune 500s planning to integrate them has tripled since last year. On the DeFi side, Ethereum ($ETH) held L1 dominance, Chainlink ($LINK) led dev activity, and $HYPE – the native token of Hyperliquid – saw serious traction, fueled by the DEX’s rise to 70%+ of all perp DEX volume. While others chased memes, HYPE rallied on actual utility. In short: DeFi’s still cooking, and stablecoins are fueling the fire. Memecoin Mayhem After tanking in Q1, the memecoin market bounced back slightly in Q2, though volatility stayed extreme and price action remained erratic. Q2 saw the meme coins hit new heights, with over 5.9 million new tokens launched and most of them churned out via pump.fun. It was chaotic, noisy, and pure degen energy. While most faded instantly, tokens like $FARTCOIN and $SPX kept riding the wave. That said, the surge in token activity came with a dark side: phishing and wallet-targeted hacks climbed, especially among memecoin holders. Regulatory Wins and Macro Shifts Driving Confidence If Q2 had a theme, it was relief on both the policy and economic fronts. The U.S. pulled back on crypto enforcement, scrapped IRS reporting rules for DeFi, and signaled a more constructive stance overall. Meanwhile, the Fed held rates steady for the fourth straight time, hinting at a possible cut in July. With unemployment flat and growth slowing, capital started flowing into safe-haven assets, and this time, Bitcoin was firmly on that list. The result? Confidence surged. Bitcoin ETF inflows accelerated, volatility dropped, and $BTC’s macro narrative strengthened. It’s no longer just a risk asset; it’s becoming part of the defensive playbook. Elsewhere, $XRP finally closed its long-running legal battle with the SEC, potentially clearing the runway for a new ATH later this year. What’s Next for Q3? Back in Q2, 99Bitcoins forecasted that if BTC could flip $111K–$112K resistance, the path to $120K would open, with $135K as a stretch target. Fast forward to now, and that prediction is aging well: Bitcoin is already trading at above $118K, edging toward that psychological milestone. The report also noted $BTC was holding firm above $103K support, forming a bullish structure backed by rising miner wallet balances, shrinking exchange reserves, and growing illiquid supply – all signs of confidence from long-term holders. Still, Q3 isn’t without risk. ETF inflows could slow, and macro headwinds, from global conflict to sudden rate hikes, remain on the radar. But if institutional flows stay hot and the Fed delivers a rate cut, $135K no longer feels like a moonshot. It’s just part of the next leg up. Final Thoughts: A Bull Market With Depth The 99Bitcoins Q2 report by Manisha Mishra paints a clear picture: this bull market isn’t built on retail hype. Institutions, regulatory tailwinds, and real product traction are powering it. From ETF inflows to stablecoin adoption and supply-side tightening, the signals all point toward a more mature, resilient crypto cycle. And with Bitcoin already pushing towards $120K, many of the Q2 projections are already playing out. If momentum holds, and macro conditions don’t throw a curveball, Q4 could be the real breakout. Read the full report here: State of Crypto Q2 2025 – 99Bitcoins This article is for informational purposes only and does not constitute financial advice. Please always do your own research (DYOR) before investing in crypto.
Bitcoin has momentarily outpaced Amazon in market capitalization, marking a significant milestone in the cryptocurrency’s valuation journey. This surge highlights Bitcoin’s growing influence in the financial ecosystem, positioning it closer