Bitcoin’s recent volatility underscores the market’s sensitivity to US economic data, particularly as hopes for early Federal Reserve rate cuts diminish. The robust US nonfarm payrolls report has shifted investor
Bitcoin reverses its push beyond $110,000 as markets discount the odds of the Federal Reserve lowering interest rates before September.
SharpLink Gaming has acquired over $525 million worth of Ethereum in transactions completed in under one month, according to data from Arkham Intelligence. The iGaming and sports betting technology company disclosed on Wednesday that it purchased 198,167 ETH valued at approximately $517 million at an average price of $2,608. The following day, it acquired an additional 2,738 ETH via an over-the-counter transaction worth about $7.09 million. SharpLink Gaming increases stakes with Ether holdings The company’s Ether buying spree began in early June following the close of a funding round. On June 13, it acquired 176,271 ETH for $463 million. Eleven days later, it added 12,207 ETH. With the latest purchase of 4,951 ETH for $12.4 million, SharpLink’s total holdings now stand at more than 202,000 ETH. SharpLink Gaming is buying $ETH , but #Ethereum OGs are selling! SharpLink Gaming announced yesterday that they had bought a total of 198,167 $ETH ($517M) at ~$2,608, and today, they bought another 2,738 $ETH ($7.09M) via OTC. https://t.co/cW8EvzSFxt Meanwhile, wallet 0xe592, an… pic.twitter.com/gHIilcpKce — Lookonchain (@lookonchain) July 3, 2025 On-chain market data tracker EmberCN reported that the company spent a total of $528 million to accumulate 202,800 ETH, at an average purchase price of $2,606. However, the firm’s crypto portfolio is on a $22.92 million loss, based on current market prices. Most of SharpLink’s assets are allocated to liquid-staked Ethereum (lsETH) on staking service Figment, with additional small holdings in CROAK, DAI, and BNB. About $1,700 worth of ETH is unstaked. Bit Digital completes $162.9 million offering for ETH purchases Other institutions joining SharpLink in ETH accumulation this week include Bit Digital, Inc., which announced on July 1 that it had closed an underwritten public offering totaling approximately $162.9 million in net proceeds. The company stated that “all proceeds are going towards ETH investments.” Bit Digital exercised all underwriters’ options and issued 86.25 million shares in the offering. According to the company, it plans to use ETH as its core treasury asset. Elsewhere, Fundstrat’s Tom Lee, a crypto and equities market strategist, joined BitMine Immersion Technologies as Chairman of the Board of Directors last Monday. BitMine also announced a $250 million private placement to support Ethereum accumulation. “The financial services industry and crypto are converging and it really started with stablecoins, which is the ChatGPT of crypto because of its viral adoption by consumers, business banks and now even Visa,” Lee told CNBC. The company also plans to track the value of Ethereum held per share as a performance indicator. “ BitMine can increase the value of ETH held per share by a combination of reinvestment of the company’s cash flows, capital markets activities, and by the change in value of ETH ,” Lee mentioned in his presser. Mega Matrix resume ETH staking with $100K buy On July 2, Mega Matrix Inc. confirmed it had purchased 40 ETH at $2,462 each, an investment of just under $100,000. The company stated the acquisition was meant “to revive its staking operations,” which were suspended in 2024 after regulators questioned the company’s digital asset business model. According to Mega Matrix, the GENIUS Act of 2025 has provided it with “sufficient confidence to resume.” Mega Matrix has opted for a lean setup involving solo staking through Coinbase’s institutional-grade platform, with custody handled by Coinbase Custodian and management through Cactus Wallet. On June 27 the company appointed Yaman Demir as executive director, a veteran in the digital asset industry with ties to more than 20 projects in DeFi, NFTs, stablecoins, and Layer-1 networks. Meanwhile, Bitwise CIO Matt Hougan has predicted that investor interest in Ethereum spot ETFs is likely to accelerate in the coming months. Hougan quoted a July 2 post from the Ethereum Foundation, writing, “ Inflows into Ethereum spot ETFs will accelerate significantly in the second half of the year .” “The phenomenon of stablecoins and stocks moving around Ethereum is a story that traditional investors can easily understand,” he continued, claiming that the reasoning will open doors for more institutions to buy in on ETH. In June alone, net inflows into Ethereum ETFs totaled $1.17 billion. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
YZi Labs is now part of a growing alliance of regulated and crypto-native players funding Digital Asset’s Canton Network, a blockchain aiming to merge Wall Street-scale operations with on-chain privacy and composability. On July 3, YZi Labs, the venture capital and incubation firm formerly known as Binance Labs, announced its participation in Digital Asset’s $135 million Series E round, which attracted Wall Street heavyweights like Goldman Sachs, Citadel Securities, and DTCC. The investment, following Digital Asset’s initial June 24 funding reveal, positions YZi Labs alongside traditional finance’s most influential institutions in backing the Canton Network, a public Layer 1 blockchain seeking to reconcile institutional compliance with decentralized infrastructure. The convergence of companies in the multimillion-dollar funding round represents a strategic alignment between crypto’s builders and TradFi’s gatekeepers. Canton’s configurable privacy model has already processed over $1.5 trillion in monthly tokenized U.S. Treasury repo activity, demonstrating that regulated finance is ready to embrace blockchain, but only on certain terms. You might also like: Michael Saylor’s Strategy hit with class-action lawsuit over $5.9 billion BTC loss The institutional onchain revolution takes shape YZi Labs’ investment in Digital Asset can be seen as a strategic play to participate in the growth of blockchain infrastructure that finally meets Wall Street’s demands. Traditional finance has long viewed public blockchains with skepticism, wary of exposing sensitive transactions to full transparency, while private chains remain isolated and cumbersome. Canton Network’s configurable privacy model changes that equation, allowing institutions to control data visibility without sacrificing interoperability. That’s why YZi Labs, alongside Goldman Sachs and Citadel, sees Canton as the missing link for tokenizing real-world assets at scale. With the $135 million capital injection, the Canton Network plans to accelerate its expansion, focusing on three key areas: infrastructure scalability, faster onboarding for regulated entities, and deeper interoperability between applications. According to the announcement, the network’s roadmap over the next 12 to 18 months includes new live deployments, global market expansion, and more seamless application-level composability. “This investment from YZi Labs reinforces the growing demand for blockchain infrastructure that meets the rigorous standards of global financial markets, Yuval Rooz, Co-Founder and CEO of Digital Asset, said. “With this new backing, we’re advancing our mission to bring trillions of dollars more in real-world assets on-chain, creating a more connected and efficient financial ecosystem.” YZi Labs’ involvement also signals a strategic pivot under its rebrand from Binance Labs. Since Changpeng Zhao stepped back from Binance’s exchange operations, YZi has doubled down on infrastructure bridging crypto and traditional systems. Its March investment in Plume Network , a modular blockchain for real-world assets, mirrors the Canton playbook: enabling institutions to tokenize everything from carbon credits to private equity. Similarly, backing AI-data startup Vana and token distribution platform Sign earlier this year reveals a pattern: YZi isn’t chasing speculative DeFi trends but funding rails for mass adoption. The firm claims to manage over $10 billion in assets globally. Read more: JD.com and Ant Group push for yuan-pegged stablecoins to challenge dollar’s digital dominance
On July 3, President Trump highlighted that the latest economic data surpassed market expectations, signaling a stronger labor market. Economists had forecasted an increase in the unemployment rate to 4.3%,
XRP’s price action has entered a defining phase, with recent movements centering around a pivotal Fibonacci retracement level. The 0.382 level, currently sitting near $2.1681, has continued to act as a focal point for consolidation, as highlighted in a recent post by crypto analyst CasiTrades (@CasiTrades). The hourly chart shows a narrowing wedge formation, where the price repeatedly tests the retracement zone and responds with moderate volatility. This consolidation could be laying the groundwork for a decisive move. CasiTrades noted that XRP “continues to respect the 0.382 retracement,” highlighting its significance in the current price structure. Multiple interactions with this level have not yet broken it down, implying the support remains structurally valid. The line marking this retracement has now become the short-term pivot around which bulls and bears are contesting the next move. This Support Zone Will Decide XRP’s Next Move Stepped back to the hourly and the bigger picture becomes clearer. #XRP continues to respect the 0.382 retracement. The exact apex of the consolidation. Every reaction here reinforces just how significant this level is. The… pic.twitter.com/IwiHoNtzBN — CasiTrades (@CasiTrades) July 2, 2025 Resistance at $2.25 Now the Key Breakout Trigger The price recently tested the upper trendline, which sits slightly above the $2.20 zone, and bounced off with notable rejection. However, XRP’s structure still appears bullish in this timeframe, assuming the 0.382 retracement continues to hold. CasiTrades recently highlighted $2.16 to $2.18 as a crucial range for XRP’s consolidation and eventual breakout, and the asset has remained above this range. From a technical standpoint, the market seems to be preparing for a potential move toward $2.25, a level that serves as the next major resistance. XRP fell below this level in June, flipping it from support to resistance . According to the analysis, the confirmation for bullish continuation would come from a clean break above $2.25, followed by a retest of that level as support. Flipping this level back to support would signal market intent for continuation and open the door to higher Fibonacci targets. Key targets include the 0.618 retracement level at $2.3063, aligning with prior rejection zones, and the 1.618 Fibonacci extension at $2.6826 as a potential exhaustion point. An interim resistance around $2.45 may emerge before the final move toward $2.6826, depending on momentum strength . Momentum Indicators to Guide Next Confirmation The RSI on the hourly chart is around 47.79 after a spike near 75, showing that momentum has cooled. Key resistance at $2.25 and $2.45 will test XRP’s strength, and CasiTrades maintains that the bullish structure is intact above the 0.382 retracement. Experts have high expectations for XRP in July , and a break and retest of $2.25 could signal a higher move. The asset is currently trading at $2.24, attempting to break that resistance. 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 This Support Zone Will Decide XRP Next Move, Says Top Analyst appeared first on Times Tabloid .
A U.S. bankruptcy judge has ruled that Celsius Network can proceed with its $4.3 billion lawsuit against Tether. The case focuses on claims that the USDT issuer improperly sold nearly 40,000 Bitcoin (BTC) in June 2022. The Judge’s Ruling In court documents filed in New York on Monday, Judge Martin Glenn ruled that some aspects of the multibillion-dollar lawsuit had merit. Celsius had accused the stablecoin company of carrying out a “fire sale” of more than 39,500 BTC and applying the proceeds to a debt of $812 million. The now-defunct crypto lender claimed this was done without following agreed-upon procedures, resulting in losses exceeding $4 billion based on current prices. Judge Glenn argued that the alleged verbal permission from former Celsius CEO Alex Mashinsky to liquidate the collateral was “insufficient.” He added that failing to observe a 10-hour grace period for posting collateral could still count as a breach, “oral permission or not.” The judge also said that the digital asset firm’s awareness of Celsius’s insolvency at the time did not give it a legal basis to act independently. However, he dismissed some parts of the lawsuit. For instance, claims against certain Tether entities were dropped due to a lack of personal jurisdiction. Allegations that rely on applying U.S. bankruptcy law outside the country were also dismissed. The judge further decided that Celsius did not prove the defendant had breached its duties under British Virgin Islands (BVI) law regarding good faith and fair dealing. Details of The Case The dispute is centred on a margin call the USDT provider issued during a decline in BTC’s prices three years ago. Celsius says the agreement included a 10-hour window to post additional collateral, but Tether sold the Bitcoin before that period expired. The crypto lender says the respondent’s actions breached their agreement, violated “good faith and fair dealing” under BVI law, and involved fraudulent and preferential transfers that violate the U.S. Bankruptcy Code. According to the filing, the assets were liquidated at an average price of $20,656 per coin, which was below market value. Celsius further alleged that the proceeds were later transferred to the stablecoin operator’s Bitfinex accounts. The transactions also involved U.S.-based staff, accounts, and communications, which it believes gives the case enough ties to be handled in a U.S. court. In August 2024, Tether moved to dismiss the case, arguing the court lacked jurisdictional authority and that the crypto lender’s claims had no legal ground. The company called the lawsuit “baseless” and a “shameless litigation money grab.” CEO Paolo Ardoino said in a statement that Celsius executives had told his organization to sell the BTC “in order to close out its roughly 815 million USDT position.” He added that the lawsuit was an attempt by the bankrupt firm to shift blame for its mismanagement. Celsius completed its bankruptcy process on January 31, 2024, and is currently repaying its creditors. More recently, its former top executive, Mashinsky, was sentenced to 12 years in prison for fraud. The post Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed appeared first on CryptoPotato .
Dogecoin (DOGE) is witnessing a surge in institutional interest, mostly fueled by growing optimism over the potential approval of multiple DOGE spot ETFs and regulatory clarity in the U.S. This trend is underscored by significant investments from major companies, with Remixpoint, a Tokyo-based energy consulting firm, ramping up its crypto holdings over the past year. According to an earnings report published Friday, Remixpoint’s crypto holdings surged from just $446,500 on March 31, 2024, to $38 million by December 31, 2024. By February 2025, the company had expanded its crypto portfolio to approximately $59.1 million, representing a 13,000% increase in just nine months, as it moves closer to its $65 million investment target. Notably, the company’s diversified cryptocurrency portfolio includes substantial holdings in Bitcoin, Ethereum, Solana, XRP, and Dogecoin. This strategic move, similar to fellow Japanese company Metaplanet, which has been doubling down on Bitcoin , aims to hedge against the declining value of the yen and broaden Remixpoint’s financial assets. Once regarded primarily as a speculative cryptocurrency propelled by retail traders and online communities, Dogecoin is now gaining traction among institutional investors. Remixpoint’s inclusion of DOGE in its portfolio highlights the evolving perception of the cryptocurrency, which has transitioned from a meme coin to a functional digital asset with expanding real-world applications in payments and blockchain-based innovations. This trend extends beyond Remixpoint. Neptune Digital Assets, a publicly traded Canadian blockchain company, purchased approximately 1 million DOGE tokens for $258,000 in December 2024, reinforcing its position in the cryptocurrency market. Elsewhere, last November, Spirit Blockchain Capital acquired Dogecoin Portfolio Holding Corp to expand Dogecoin’s ecosystem and utility. However, the acquisition focused on intellectual property and cash assets rather than direct DOGE holdings on its balance sheet. Similarly, in July 2022, Tesla CEO Elon Musk confirmed that the company had not sold any of its Dogecoin holdings, though the exact amount remains undisclosed. Notably, Tesla began accepting Dogecoin for select merchandise in December 2021, reinforcing Musk’s ongoing support for the cryptocurrency. That said, the surge in interest for DOGE comes amid discussions surrounding the potential approval of Bitwise, 21Shares, and Grayscale Dogecoin ETFs by the SEC. If approved, these ETFs could further strengthen Dogecoin’s presence in financial markets, potentially boosting its price. At press time, DOGE was trading at $0.17, reflecting a 7.01% surge in the past 24 hours.
BitcoinWorld Asia FX Braces: Dollar Steady Amidst Crucial Trump Tax Bill & Nonfarm Payrolls For those deeply entrenched in the dynamic world of cryptocurrency, understanding the broader macroeconomic landscape is absolutely crucial. While digital assets often march to their own beat, traditional financial markets, especially the Forex market , exert significant influence on global liquidity, investor sentiment, and ultimately, the flow of capital into and out of crypto. This week, attention is squarely on Asia FX , which appears to be treading water, while the US Dollar holds remarkably steady. Why the calm before what could be a storm? The answer lies in two pivotal economic events looming on the horizon: the highly anticipated Trump tax bill developments and the eagerly awaited Nonfarm Payrolls report. Why is Asia FX Treading Water Amidst Global Uncertainty? The currencies across Asia have largely remained subdued, exhibiting minimal movement despite a backdrop of evolving global narratives. This cautious stance by Asia FX isn’t arbitrary; it reflects a wait-and-see approach as markets brace for significant catalysts from the United States. While some regional currencies might see minor fluctuations based on local economic indicators, the overarching trend is one of consolidation. Investors are holding their breath, reluctant to make significant directional bets until there’s greater clarity on key external factors. External Dependence: Many Asian economies are heavily reliant on global trade and capital flows, making their currencies susceptible to shifts in major economies, particularly the U.S. Risk Aversion: Periods of uncertainty often lead to a flight to safety, which typically benefits the US Dollar , putting pressure on emerging market currencies. Policy Watch: Central banks in Asia are also closely monitoring U.S. economic data and policy decisions, which directly impact their own monetary policy considerations. The Steady Hand of the US Dollar: What’s Keeping it Firm? Despite the various global headwinds, the US Dollar has maintained a remarkably steady footing against a basket of major currencies. This resilience is a testament to its enduring status as a global reserve currency and a safe-haven asset. The dollar’s stability is not merely a reflection of current market conditions but also an anticipation of future economic direction, heavily influenced by upcoming legislative and economic data releases. Several factors contribute to the dollar’s current strength: Safe-Haven Appeal: In times of geopolitical or economic uncertainty, investors often flock to the dollar, viewing it as a secure store of value. Interest Rate Expectations: Anticipation of future interest rate hikes by the Federal Reserve continues to provide underlying support for the dollar, as higher rates typically attract foreign capital. Economic Data Focus: The market’s intense focus on U.S. economic data, particularly employment figures and inflation, underpins the dollar’s valuation. Any strong data points tend to reinforce the bullish sentiment for the dollar. This stability in the US Dollar has a ripple effect across the Forex market , influencing everything from commodity prices to the competitiveness of export-oriented nations. Unpacking the Trump Tax Bill: A Game-Changer for the US Economy? One of the primary drivers of market focus is the ongoing development surrounding the Trump tax bill . This proposed legislation, aimed at significant corporate and individual tax cuts, holds the potential to reshape the U.S. economic landscape and, by extension, global financial markets. The market’s current steadiness is partly due to the high expectations surrounding its passage, with investors pricing in the potential for increased corporate profits, capital expenditure, and economic growth. Key aspects of the Trump tax bill and its potential implications include: Corporate Tax Reduction: A substantial cut in the corporate tax rate from 35% to 20% (or similar figures) is expected to boost corporate earnings, potentially leading to increased stock buybacks, dividends, and business investment. This could attract more foreign direct investment into the U.S., further strengthening the US Dollar . Repatriation of Overseas Profits: The bill aims to encourage U.S. companies to bring back trillions of dollars held overseas. This influx of capital could create significant demand for the dollar, providing another boost to its value. Individual Tax Cuts: While perhaps less impactful on corporate earnings, individual tax cuts could stimulate consumer spending, contributing to overall economic growth. Market Volatility: Any significant roadblocks or unexpected changes in the bill’s progression could introduce volatility into the markets, affecting both the dollar and global equities. The Forex market is particularly sensitive to these legislative shifts. The market is essentially waiting for concrete signs of the bill’s progress, with each legislative hurdle cleared providing further confidence and potentially leading to a more definitive directional move for the US Dollar and consequently, for Asia FX . Nonfarm Payrolls: The Next Big Economic Barometer? Beyond fiscal policy, the upcoming Nonfarm Payrolls report is arguably the most anticipated piece of economic data this week. This monthly report provides a comprehensive snapshot of the U.S. labor market, including the number of jobs added, the unemployment rate, and average hourly earnings. Its significance cannot be overstated, as it serves as a critical indicator for the Federal Reserve’s monetary policy decisions. Why is the Nonfarm Payrolls report so impactful? Monetary Policy Clues: A strong jobs report, particularly with rising wage growth, often signals a robust economy, increasing the likelihood of the Federal Reserve raising interest rates. Higher interest rates typically make a currency more attractive to foreign investors, thus strengthening the US Dollar . Consumer Spending Indicator: Employment and wage growth directly impact consumer confidence and spending, which are major drivers of economic activity. Market Expectations: The market meticulously analyzes every detail of the Nonfarm Payrolls report. Significant deviations from consensus forecasts can trigger sharp movements in currency pairs, bond yields, and equity markets. Impact on Asia FX: A stronger dollar, driven by positive payrolls data and subsequent rate hike expectations, could put renewed downward pressure on Asia FX , making their exports less competitive and potentially leading to capital outflows. Conversely, a weaker report could ease pressure on Asian currencies. Traders and analysts will be dissecting this report for any signs of inflation pressures or shifts in the labor market’s underlying health, which will directly influence the dollar’s trajectory and, by extension, the broader Forex market . Navigating the Global Forex Market: Actionable Insights for Investors Understanding these macro drivers is not just for economists; it’s vital for any investor, including those in the crypto space. The interplay between the Trump tax bill , Nonfarm Payrolls , the strength of the US Dollar , and the reaction of Asia FX creates a complex but navigable landscape. Here are some actionable insights: Monitor U.S. Economic Data Closely: Beyond payrolls, keep an eye on inflation data, retail sales, and manufacturing indices. Strong data generally supports a stronger dollar. Track Legislative Progress: Follow news on the Trump tax bill . Its passage or failure will have significant implications for market sentiment and capital flows. Diversify Your Portfolio: While the dollar’s strength can impact various asset classes, a diversified portfolio can help mitigate risks. Consider how traditional market movements might indirectly affect your crypto holdings. Understand Correlation: Recognize that while crypto often operates independently, periods of extreme dollar strength or weakness, or significant global economic shifts, can still influence liquidity and investor appetite for riskier assets like cryptocurrencies. Stay Informed on Central Bank Policies: The Federal Reserve’s stance on interest rates is paramount. Pay attention to their statements and minutes. The Forex market is a constant ebb and flow, driven by a myriad of factors. Staying informed about these key economic and political developments is paramount for making informed decisions. Conclusion: The Path Forward for Asia FX and the Dollar The current state of Asia FX treading water and the US Dollar holding steady is a classic example of markets pausing before significant data releases. The convergence of the Trump tax bill ‘s legislative journey and the highly anticipated Nonfarm Payrolls report creates a pivotal moment for global financial markets. Investors are keenly watching for clarity, as the outcomes of these events will likely dictate the short-to-medium term direction for the dollar, influence capital flows, and set the tone for risk appetite across various asset classes, including the crypto market. While the immediate future for Asia FX remains tied to these U.S. developments, the underlying strength of regional economies will eventually play a more dominant role. For now, the spotlight remains firmly on Washington and the economic indicators emanating from there. Understanding these macro currents is essential for anyone looking to navigate the complex, interconnected world of global finance. To learn more about the latest Forex market trends, explore our article on key developments shaping the US Dollar and its impact on global liquidity. This post Asia FX Braces: Dollar Steady Amidst Crucial Trump Tax Bill & Nonfarm Payrolls first appeared on BitcoinWorld and is written by Editorial Team
In July 2025, Gate, a global leading digital asset trading platform, officially launched its xStocks