Ripple has flooded the market with a significant number of XRP unlocks that are likely to influence the asset’s price. On July 1, the blockchain company unlocked 500 million XRP from escrow, well below its usual monthly release of one billion tokens. The release began with the Ripple (27) wallet receiving the full 500 million XRP, valued at around $1.1 billion. This triggered a series of rapid transfers as Ripple carried out its routine token rebalancing. https://twitter.com/whale_alert/status/1940181423396155545 Within minutes, 200 million XRP (worth approximately $440 million) was transferred to the address “rN8pqR,” followed by another 300 million XRP (valued at about $660 million) sent to “rKwJaG.” Despite these outflows, the Ripple (27) wallet still held 500 million XRP after the transactions. Continuing its monthly token management strategy, Ripple then locked 400 million XRP back into escrow. This re-locking was handled by the Ripple (15) wallet, which received two separate transfers of 200 million XRP from the addresses “rGKHDy” and “rHGfmg,” executed within minutes of each other. Ripple 1 billion XRP unlocks Since late 2017, Ripple has typically released one billion XRP from escrow each month. However, beginning earlier this year, the company began conducting internal transfers before formal unlocks. In March, Ripple created new escrows using existing XRP holdings, a pattern that has continued in recent months. Attention now turns to how XRP will react to the latest unlock. Notably, past releases have had little impact on the token’s price, which has generally moved in line with the broader cryptocurrency market . Regulatory developments, especially the ongoing Securities and Exchange Commission case nearing its conclusion, have had a greater influence. XRP price analysis At press time, XRP was trading at $2.17, down about 1% in the last 24 hours and 0.8% lower over the past week. XRP seven-day price chart. Source: Finbold From a technical perspective, XRP is trading below its 50-day simple moving average ( SMA ) at $2.27, signaling potential short-term weakness. However, it remains well above the 200-day average at $1.81, suggesting a positive long-term trend. The relative strength index ( RSI ) at 50.04 indicates neutral momentum, with no clear buying or selling pressure. Featured image via Shutterstock The post Ripple just unlocked 500 million XRP appeared first on Finbold .
To kickstart July, we prompted Google’s Gemini AI for insight into XRP’s trajectory for the month and its potential price by July 31. Gemini considered multiple factors, including recent momentum, regulatory developments, and macroeconomic conditions, and provided a bullish prediction that could see XRP reach its highest level since 2018. XRP is currently trading at $2.19, up 0.29% from the previous day, and has been showing signs of strength amid a broader market recovery. Catalysts Behind the Forecast Gemini based its response on current trends, XRP’s historical behavior, and known catalysts. The AI highlighted Ripple’s continued expansion into real-world asset (RWA) tokenization, institutional partnerships, and U.S. political shifts favorable to crypto. These factors have created a more favorable environment for XRP, especially as use cases, such as tokenization , become more prominent. One of the key elements shaping Gemini’s assessment is XRP’s regulatory status. Ripple recently dropped its appeal against the U.S. Securities and Exchange Commission (SEC), and Ripple CEO Brad Garlinghouse expects the SEC to do the same. With the end of the long-running legal battle on the horizon, XRP could be on the verge of a massive surge, as market participants anticipate an influx of institutional investors and adoption in the U.S. once the legal battle officially ends. Gemini also considered the broader crypto market environment, particularly the role of Bitcoin. According to the AI model, XRP’s price performance is partially dependent on BTC remaining above $90,000 by late July. Historically, altcoins like XRP tend to benefit from strong Bitcoin-led market momentum, especially when accompanied by increased liquidity and capital inflows across the sector. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP Price Forecast for July 31 Based on this analysis, Gemini predicted that XRP will trade between $2.7 and $3.5 by July 31. The AI described this as a “realistic near-term range assuming no black swan events or abrupt crashes.” While some in the XRP community anticipate larger moves, Gemini was clear that without additional factors, such as a spot ETF approval , a major rally above current levels is unlikely in the short term. Gemini’s forecast reflects optimism for XRP, grounded in present-day trends rather than speculation. With Ripple continuing to expand its utility offerings and political sentiment in the U.S. shifting in favor of crypto, XRP is positioned for stable growth. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Google Gemini Predicts XRP Price for July 31, 2025 appeared first on Times Tabloid .
The United States Securities and Exchange Commission on 1 July approved Grayscale Investments’ Digital Large Cap Fund for uplisting as a spot exchange-traded fund, clearing the way for the five-asset vehicle—weighted predominantly to bitcoin but also holding ether, XRP, Solana and Cardano—to begin trading on NYSE Arca under the Investment Company Act of 1933. The conversion turns a six-year-old private trust, now managing roughly $755 million, into what Grayscale describes as the largest multi-token digital-asset ETF yet sanctioned in the United States. XRP, Solana And Cardano ETFs Are ‘Up Next’ For market-structure analyst Nate Geraci, who heads ETF Store and co-hosts the ETF Prime podcast, the ruling is more than the launch of a diversified product. “XRP, SOL & ADA will now be available in a ‘33 Act ETF wrapper,” he wrote on X, adding that the SEC simultaneously issued fresh guidance on crypto-ETF disclosure and registration. “See where this is all heading? Individual spot XRP, SOL, ADA, etc. ETFs up next.” In a separate post he called the moment “full circle,” noting that “after nearly five years of SEC vs Ripple litigation … anyone will be able to easily access XRP in an SEC-regulated investment vehicle.” Just two years ago the agency was still locked in court with Grayscale after rejecting the firm’s bid to convert the Grayscale Bitcoin Trust; the District of Columbia Circuit ultimately ruled that the SEC’s denial was “arbitrary and capricious,” a decision the Commission declined to appeal and which proved pivotal to January 2024 approvals of spot-bitcoin ETPs. That litigation backdrop makes the regulator’s latest about-face especially striking to policy watchers. Momentum around single-asset products is already building. When an X user asked Geraci whether spot XRP, SOL and ADA ETFs were “most likely in Q4,” he replied, “I think sooner, but Q4 at latest.” Separate reporting by Fox Business correspondent Eleanor Terrett indicates that the SEC has begun drafting a “generic listing standard” that would let exchanges list token-based ETFs without filing the customary Rule 19b-4—provided a coin meets thresholds that may include market capitalization, trading volume and liquidity. Under the working proposal, issuers could file a simple S-1 prospectus and launch 75 days later, a pathway that would drastically reduce procedural friction for new products. The agency declined to comment on the deliberations. Bloomberg Intelligence senior ETF analyst Eric Balchunas argues that such a framework would open the floodgates. “This is what everyone wants… and why we’re so bullish—95 percent on most of the coins—for approval,” he posted, predicting listing standards “loose enough where the vast majority of the top-50 coins would be ok to be ETF-ized.” His colleague James Seyffart injected a note of caution, pointing out that “the demand for some of these coins in an ETF wrapper is a whole other question,” a reminder that regulatory green lights do not necessarily guarantee commercial success. Whether the first single-asset altcoin ETFs hit the tape before year-end will depend on how quickly exchanges, issuers and the SEC finalise the proposed standards, and on how fast S-1 filings can be turned around. Recently, Bloomberg’s ETF experts Blachunas and Seyffart updated their approval odds for XRP, Solana and Cardano to 95%. Overall, the question seems to be when (this year), not if. At press time, XRP traded at $2.19.
According to CNBC, corporate treasuries around the globe have surpassed exchange-traded funds (ETFs) in Bitcoin (BTC) acquisitions for three consecutive quarters. This indicates a growing interest among public companies to adopt strategies similar to those pioneered by Strategy, especially in a more favorable regulatory environment under President Donald Trump’s administration. Bitcoin Holdings Surge Data from Bitcoin Treasuries shows that public companies acquired approximately 131,000 Bitcoin in the second quarter of the year, marking an 18% increase in their BTC holdings. In contrast, exchange-traded funds managed to secure about 111,000 Bitcoin, representing an 8% growth during the same period. Related Reading: Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key Nick Marie, head of research at Ecoinometrics, emphasized that the motivations behind these purchases differ significantly. While institutional buyers utilizing ETFs seek exposure to BTC for a variety of reasons, Marie asserted that public companies are primarily focused on accumulating Bitcoin to enhance shareholder value. The market dynamics have also shown that public company BTC holdings increased by 4% in April, a month marked by significant volatility following President Trump’s announcement of initial tariffs. During the same time frame, ETF holdings rose by only 2%. Marie noted that public companies are less concerned with Bitcoin’s current market price, prioritizing the growth of their Bitcoin reserves to appear more attractive to potential investors. ETFs Still Dominate In This Key Metric Despite the increasing activity from public companies, Bitcoin ETFs remain the largest holders of the cryptocurrency, collectively holding over 1.4 million BTC, or about 6.8% of the total capped supply of 21 million coins. Public companies, on the other hand, hold around 855,000 Bitcoin, approximately 4% of the total supply. The recent surge in corporate BTC accumulation is also a reflection of significant regulatory changes favoring the crypto industry. The last time ETFs outperformed public companies in Bitcoin purchases was during the third quarter of 2024, prior to Trump’s re-election. Several notable companies have entered the Bitcoin market recently. GameStop began acquiring Bitcoin after its board approved it as a treasury reserve asset earlier this year. Similarly, health-care firm KindlyMD merged with Nakamoto, a Bitcoin investment company, while investor Anthony Pompliano’s ProCap launched its own BTC purchasing initiative and plans to go public via a special purpose acquisition company (SPAC). Direct Exposure May Ease Strategy, formerly MicroStrategy, continues to lead the charge in the Bitcoin treasury space with approximately 597,000 Bitcoin in its possession. Following closely is Bitcoin miner Mara Holdings, which holds nearly 50,000 coins. Ben Werkman, chief investment officer at Swan BTC, remarked on the challenges smaller firms face in trying to match Strategy’s scale. He predicted that institutional capital will continue to gravitate toward Strategy due to its deep liquidity and established presence. Related Reading: BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury Looking ahead, Marie suggested that the number of companies adhering to a BTC treasury strategy may dwindle over the next decade as the market matures. He noted that as more firms enter the space, the individual impact of each company will likely diminish. Additionally, as Bitcoin becomes more normalized, investor constraints regarding direct exposure may fade. Featured image from DALL-E, chart from TradingView.com
BitcoinWorld CME Bitcoin Futures Premium Drop: A Concerning Signal for Institutional Demand Are institutional investors losing their appetite for Bitcoin? Recent data from the Chicago Mercantile Exchange (CME) suggests a crucial shift, sending ripples of concern through the crypto market. The premium on Bitcoin (BTC) futures traded on the CME has plummeted to 4.3%, marking its lowest level since October 2023. This significant narrowing of the ‘basis’ – the gap between Bitcoin’s spot price and its futures price – comes despite BTC holding steady at strong price levels, defying expectations of a sharp downturn. What does this tell us about the current state of institutional Bitcoin demand , and what implications does it hold for the broader market? Understanding CME Bitcoin Futures : The Institutional Barometer To grasp the significance of this drop, it’s essential to understand what CME Bitcoin futures are and why their premium acts as a key indicator. The Chicago Mercantile Exchange (CME) is one of the world’s largest and most diverse derivatives marketplaces. Unlike many offshore crypto exchanges, CME is a highly regulated environment, making its Bitcoin futures contracts a preferred choice for institutional investors seeking exposure to BTC within a traditional financial framework. What are Futures Contracts? A futures contract is an agreement to buy or sell an asset at a predetermined price on a specified future date. In the context of Bitcoin, it allows investors to speculate on the future price of BTC without actually owning the underlying asset. What is the Premium (Basis)? The ‘basis’ or premium refers to the difference between the futures price and the spot (current market) price of an asset. A positive premium means the futures price is higher than the spot price, indicating that traders are willing to pay more for future delivery, often signaling bullish sentiment and strong demand. Conversely, a shrinking or negative premium suggests weakening demand or a shift towards bearish sentiment. Why is it an Institutional Barometer? Because CME is a regulated exchange, it attracts large financial institutions, hedge funds, and professional traders who typically have stricter compliance requirements. Therefore, the activity and sentiment reflected in CME Bitcoin futures are often seen as a reliable proxy for institutional interest and confidence in Bitcoin. The recent dip to 4.3% is a stark indicator. When institutions are eager to gain exposure to Bitcoin, they drive up the demand for futures contracts, pushing the futures price above the spot price and widening the premium. A shrinking premium, as we’re currently observing, suggests that this institutional appetite is waning, or at least becoming more cautious. The Alarming Drop in Institutional Bitcoin Demand The data, cited by CoinDesk from 10x Research, paints a clear picture: the premium on CME Bitcoin futures is at its lowest point since October 2023. This isn’t just a minor fluctuation; it’s a multi-month low, and it carries significant weight. While Bitcoin itself has shown resilience, holding strong at crucial support levels, the underlying institutional interest appears to be softening. What could be driving this decline in institutional enthusiasm? Profit-Taking and De-risking: After a significant rally, some institutional players might be taking profits off the table or reducing their exposure to manage risk, especially as macroeconomic uncertainties persist. Shift in Investment Strategies: The introduction of spot Bitcoin ETFs in the U.S. has provided institutions with an alternative, perhaps simpler, avenue for Bitcoin exposure. This might be diverting some capital away from futures markets. Regulatory Uncertainty: Despite some positive developments, the regulatory landscape for cryptocurrencies remains complex and fragmented globally. Ongoing uncertainties can lead institutions to adopt a more conservative stance. Macroeconomic Headwinds: Broader economic concerns, such as inflation, interest rate policies, and geopolitical tensions, often lead institutional investors to reduce their exposure to riskier assets like cryptocurrencies. Market Saturation/Consolidation: As the market matures, the initial rush of institutional capital might be slowing down, leading to a more normalized level of demand. This weakening basis is a signal that the ‘smart money’ might be reassessing its position, indicating either reduced conviction in immediate upside potential or a growing sense of caution about future price movements. It suggests that the institutional bullishness that often fuels significant rallies might be taking a temporary backseat. Unpacking the Broader Bitcoin Market Analysis : Funding Rates and Offshore Echoes The trend observed on CME is not isolated; it’s echoed across the broader crypto landscape, particularly in the funding rates for perpetual futures contracts on major offshore exchanges. This parallel movement provides a more comprehensive picture of the shifting market sentiment. What are Perpetual Futures and Funding Rates? Perpetual futures are a type of futures contract that, unlike traditional futures, have no expiry date. This means traders can hold them indefinitely. To keep the perpetual futures price tethered to the spot price, a mechanism called ‘funding rate’ is used. Positive Funding Rate: When the funding rate is positive, long position holders pay short position holders. This typically occurs when the market is bullish, and the perpetual futures price is trading at a premium to the spot price. Negative Funding Rate: When the funding rate is negative, short position holders pay long position holders. This happens when the market is bearish, and the perpetual futures price is trading at a discount to the spot price. The fact that funding rates for perpetual futures on offshore exchanges are also falling reinforces the narrative of waning bullish sentiment. A decline in funding rates indicates that the demand for long positions (betting on price increases) is decreasing relative to short positions (betting on price decreases). This suggests a broader shift in speculative sentiment, moving away from aggressive long-biased trading. While CME futures are predominantly used by institutions for hedging and regulated exposure, offshore perpetual futures are often favored by retail traders and more aggressive institutional players for speculative purposes due to higher leverage options and 24/7 trading. The alignment of these two distinct market segments in signaling reduced bullishness is a powerful indicator for any comprehensive Bitcoin market analysis . What Do Falling Crypto Funding Rates Mean for Investors? The convergence of a declining CME premium and falling crypto funding rates across offshore exchanges has several implications for investors and market participants: 1. Increased Volatility Potential: A reduction in bullish leverage and speculative demand can lead to periods of higher volatility. Without strong buying pressure from institutions or aggressive retail longs, the market could be more susceptible to downward price movements or sharper corrections. 2. Arbitrage Opportunities: For sophisticated traders, a narrowing basis or fluctuating funding rates can create arbitrage opportunities. For example, if the premium on futures becomes too low, it might present a chance to buy spot Bitcoin and sell futures, locking in a small profit if the basis normalizes. 3. Shift in Market Sentiment: This trend points to a cooling of speculative fervor. It suggests that the market might be transitioning from a phase of aggressive accumulation to one of consolidation, profit-taking, or even cautious de-risking. This shift in sentiment could influence retail investor behavior as well, potentially leading to reduced participation or increased FUD (Fear, Uncertainty, Doubt). 4. Liquidity Concerns: While not immediately critical, a sustained drop in institutional interest could eventually impact market liquidity, especially in derivatives markets. Lower liquidity can lead to larger price swings on smaller trade volumes. Investors should view these indicators as part of a larger puzzle. They don’t necessarily signal an impending crash, but rather a re-evaluation of risk and reward by significant market players. It highlights the need for a nuanced understanding of market dynamics beyond just spot price movements. Navigating Bitcoin Price Trends : Challenges and Opportunities Ahead The current signals from the derivatives market present both challenges and potential opportunities for those looking to navigate future Bitcoin price trends . While the immediate outlook might suggest a period of consolidation or even a slight correction, it’s crucial to consider the broader context. Challenges: Sustained Price Pressure: If institutional demand remains subdued, it could remove a significant buying force from the market, potentially leading to slower price appreciation or even downward pressure in the short to medium term. Market Uncertainty: The lack of clear institutional direction can fuel uncertainty, making the market more reactive to news and less predictable. Risk of Cascade Liquidations: If funding rates turn significantly negative or a sharp price drop occurs, it could trigger liquidations of leveraged long positions, exacerbating downward movements. Opportunities: Buying the Dip: For long-term investors, periods of reduced institutional demand and subsequent price consolidation can present opportunities to accumulate Bitcoin at more attractive price points. Focus on Fundamentals: A shift away from speculative fervor allows investors to focus on Bitcoin’s core fundamentals: its decentralized nature, scarcity, and growing adoption as a global store of value and medium of exchange. Arbitrage and Hedging: Sophisticated traders can leverage the basis narrowing for arbitrage strategies or use futures for effective hedging against spot market volatility. Ultimately, understanding these dynamics empowers investors to make more informed decisions. It’s a reminder that while Bitcoin’s price is often driven by narratives and hype, underlying institutional flows and derivatives market health provide a more grounded perspective on market sentiment. Conclusion: What This Means for Bitcoin’s Future The drop in CME Bitcoin futures premium and the concurrent fall in offshore funding rates are undeniable signals of a shift in institutional and speculative sentiment. While Bitcoin has maintained its price stability at significant levels, the enthusiasm from large players appears to be waning, at least temporarily. This doesn’t necessarily spell doom for Bitcoin; rather, it suggests a period of re-evaluation and consolidation after a robust rally. It highlights the growing sophistication of the crypto market, where derivatives play a crucial role in reflecting underlying demand and risk appetite. For investors, this period calls for vigilance and a balanced perspective. Monitoring these key indicators, understanding the interplay between regulated and offshore markets, and focusing on long-term fundamentals rather than short-term speculative whims will be paramount. As the crypto market continues to evolve, the insights gleaned from institutional activity on platforms like CME will remain vital in charting Bitcoin’s ongoing journey. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post CME Bitcoin Futures Premium Drop: A Concerning Signal for Institutional Demand first appeared on BitcoinWorld and is written by Editorial Team
Changpeng “CZ” Zhao, the founder of Binance, has seen his estimated net worth surpass a staggering $65 billion, solidifying his position as a preeminent figure in the global cryptocurrency landscape. This remarkable ascent in wealth, primarily attributed to his substantial holdings in Binance Coin (BNB) and his majority ownership of the world’s largest crypto exchange, … Continue reading "Changpeng Zhao’s Net Worth Soars Past $65 Billion Amidst Crypto Market Resilience" The post Changpeng Zhao’s Net Worth Soars Past $65 Billion Amidst Crypto Market Resilience appeared first on Cryptoknowmics-Crypto News and Media Platform .
The U.S. Securities and Exchange Commission has approved on an “accelerated basis” the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF). Grayscale’s Digital Large Cap Fund Converts To Spot ETF The SEC has approved Grayscale’s Digital Large Cap Fund (GDLC) to convert into a spot crypto ETF, according to a Tuesday filing . “It is therefore ordered, pursuant to Section 19(b)(2) of the Exchange Act, that the proposed rule change (SR-NYSEARCA-2024-87), as modified by Amendment No. 1, be, and hereby is, approved on an accelerated basis,” the regulator wrote. The SEC’s approval was expected, given that Bitcoin and Ethereum account for 90% of the fund’s assets, Bloomberg ETF analyst James Seyffart said in an X post. Approval was our expectation. The fund is over 90% Bitcoin and Ethereum. The next big date is @Bitwise 's $BITW deadline of July 31. But SEC could obviously go early… We wrote about this and more here for Bloomberg terminal clients: https://t.co/7C0bO3pcxB pic.twitter.com/BdHNe7ZQsS — James Seyffart (@JSeyff) July 1, 2025 GDLC currently trades over the counter for accredited investors and is comprised mainly of BTC at around 80%, then Ethereum at about 11%. Solana, Cardano, and XRP are also included with single-digit percentages, as per the fund’s official website . More Altcoin ETFs To Come As we reported earlier, the REX Osprey Solana Staking ETF is officially set to go live on Wednesday, becoming the first in the US to allow crypto staking. The SEC also has a bevy of applications for a wide array of crypto ETFs on its desk, from ones that track XRP and SOL to meme coins like Dogecoin and Official Trump amid a more favorable regulatory environment for crypto following President Donald Trump’s return to the White House in January. According to ETF Store President Nate Geraci, the approval of Grayscale’s GDLC “would then be followed later by approval for individual spot ETFs on XRP, SOL, ADA, etc.” “Side benefit for SEC in approving GDLC is that it would provide nice ‘test run’ for addn’l crypto assets in ETF wrapper…xrp, sol, & ada represent postulated . “Easy way to slowly step into other assets.” Meanwhile, top Wall Street analysts have now estimated the likelihood of SOL, XRP, and Litecoin (LTC) spot ETF approvals coming before the end of the year at 95% in the face of “very positive” engagement from the SEC.
Shares of crypto-related firms plunged Wednesday morning, with Coinbase Global Inc. and Strategy Inc. leading losses in US pre-market trading. The declines came amid political letdowns in Washington as President Donald Trump’s tax and spending “Big, Beautiful Bill” narrowly passed the Senate floor. Coinbase stock was down more than 15.6% to $335 as of Wednesday’s pre-market session. Meanwhile, shares of Michael Saylor’s Strategy Inc ., heavily exposed to Bitcoin, dropped over 30%, trading at $373.30, per data from Google Finance. The slump contrasts with the US equities market at large, where the S&P 500 index rose to 6,210 points, a modest 0.19% gain from the previous day. Crypto provisions from Trump’s budget bill underwhelm Investors are still finding their footing from the fallout from President Donald Trump’s reconciliation budget bill , which narrowly passed in the Senate on Tuesday. The legislation is now headed to the House for a final vote, and conservatives are poised to finalize the package before the July 4 deadline, supposedly set by the US president. A recent estimate from the Congressional Budget Office (CBO) projected the House-passed version would increase the federal deficit by approximately $2.8 trillion. That outlook, combined with missed opportunities for the crypto industry, could have contributed to the pessimism driving crypto-related businesses’ shares lower. Pro-crypto lawmakers failed to include tax provisions in the budget package that were intended to benefit stakers, miners, and retail users of digital assets. The amendment , led by Sen. Cynthia Lummis (R-WY), was not ready in time to be included in Tuesday’s deliberations. “More than 24 hours into the Senate’s amendment process, there’s still no sign of Senator Lummis’s crypto tax proposal,” wrote Fox News correspondent Eleanor Terrett on X, “at this point, the window to get something to the floor may have closed.” By the time Vice President JD Vance cast the deciding vote to pass the legislation, crypto amendments were already left behind. “It’s a missed opportunity. We just ran out of time,” one industry policy leader told reporters. Coinbase and crypto companies endure share dump Coinbase shares had been on an upward trajectory ahead of this week’s decline. The stock hit a record high of over $380 on June 26. Institutional holders, however, appeared to take profits near the top. Ark Invest , led by Cathie Wood, sold off nearly $43.8 million worth of Coinbase shares on Monday, following an earlier sale of $12.5 million last Thursday. The selloff came just days after the Senate passed the GENIUS Act, the Guiding and Establishing National Innovation for US Stablecoins bill, the crypto legislation now heading to the House. The selloff in Strategy Inc. shares may come as a surprise to some, given the company’s reported gains tied to its Bitcoin holdings. On June 30, Strategy disclosed the purchase of 4,980 BTC for approximately $531.9 million, acquired at an average price of $106,801 per coin. This latest acquisition brought Strategy’s total Bitcoin holdings to 597,325 BTC, valued at over $14 billion in unrealized gains for the second quarter of 2025, as reported by Cryptopolitan yesterday. The company financed its recent purchases through the sale of Class A shares and preferred equity units STRK and STRF. On Monday, New York Attorney General Letitia James wrote a letter to Congress to rally them against the GENIUS Act, arguing that it lacks the proper safeguards to protect consumers and the US financial system. James asked lawmakers to slow the bill’s passing in an eight-page letter addressed to the Senate. She lambasted the proposal for leaving “room for foreign issuers of US dollar-denominated and backed stablecoins to operate,” which she said could enable the “Tether loophole.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
The post Ethereum Price Prediction Signals July Breakout as Altcoin Season Nears appeared first on Coinpedia Fintech News Bitwise’s prediction report, which came late in last year , had projected that the Ethereum price would reach new all-time highs before the end of 2025. However, their mid-year stance remains bullish but less confident compared to Bitcoin. CIO Matt Hougan and head of research Ryan Rasmussen recently shared their mid-year scorecard. It expressed renewed predictions for ETH, hoping that rising interest in stablecoins, more ETF approvals, and the emergence of ETH treasury companies could drive the ETH price higher. Despite Bitwise’s decreased confidence in the Ethereum price , other prominent investors and analysts believe the price action has been in an uptrend for the last three months. Clearing June’s high could trigger a significant upside and mark the beginning of altcoin season. Keep reading to know what other’s opinions are for Ethereum price. Will Ethereum Price Rise Start Altcoin Season? Despite a challenging performance this year, recent events suggest that Ethereum price may make a significant move starting in July. A renowned technical analyst also note that ETH/USD chart is forming an ascending triangle pattern on daily charts, which often precedes with a major breakout. Let's get to $3,000 per $ETH . pic.twitter.com/mVVf5f83tG — Michaël van de Poppe (@CryptoMichNL) July 2, 2025 He adds that the upper border of this pattern aligns with June’s high, and a breakout here could signal bullish long-term momentum for ETH price. Meanwhile, another analyst predicts that ETH price may revisit June’s high and potentially retest the $3,000 region soon. [post_titles_links postid=”477821″] Similarly, Leon Waidmann, Head of Research at OnChainHQ, highlighted that futures short pressure is nearing an all-time high, despite BlackRock’s ETH ETF being bought on most days of June. It is a sign that bulls are strongly piling in and waiting for a key moment when bears get out of breath; a short squeeze could be on the horizon in July. Ethereum shorts are nearing ALL-TIME HIGHS! BlackRock’s #ETH ETF bought ETH 29 of the last 30 days, yet the price stays down. Why? Huge futures short pressure But bulls are piling in pic.twitter.com/VFUBpBKaGr — Leon Waidmann (@LeonWaidmann) July 2, 2025 Additionally, there are expectations that altcoins will enter a parabolic rise phase, with ETH crypto at the forefront. This projection is supported by a decade-old support line for altcoins that has just been retested. A horde of ETH news could be aligned in H2, and one of them could trigger a blast. [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 Where do you see ETH by December 2025? As per our Ethereum price forecast 2025, the ETH price could reach a maximum of $5,925. Will Ethereum price hit $20,000 in 2030? According to our Ethereum Price Prediction 2030, the ETH coin price could reach a maximum of $15,575 by 2030. How much would the price of Ethereum be in 2040? As per our Ethereum price prediction 2040, Ethereum could reach a maximum price of $123,678. How much will the ETH coin price be in 2050? By 2050, a single Ethereum price could go as high as $255,282.
Bitcoin could be ready to enter five-digit territory