Upexi, a Nasdaq-listed consumer goods and cryptocurrency-focused brand, announced the successful completion of a $200 million private financing round. The round included a stock issuance and convertible bond sales, with a significant portion of the investments denominated in Solana (SOL). According to the company's press release, this funding consists of two parts: $50 million stock offering: Attended by CEO Allan Marshall, 12,457,186 shares were sold at $4.00 per share ($4.94 for management). A portion of the proceeds will be used to finance current business operations and general working capital. The remainder will be directly invested in Upexi's strategy to grow the Solana treasury. $150 million convertible bond sale: In this unit, the bonds were issued in exchange for locked-in, spot SOL. Institutional investors, including Big Brain Holdings, participated in this bond issue. The interest rate was set at 2%, and the conversion price was fixed at $4.25 per share. The maturity date is 24 months. Related News: Watch Out: Grayscale Announces the Possible Addition of 29 New Altcoins to its Investment Products - There Are Big Surprises, Here's the List The company reported that these bond agreements will increase Solana reserves to approximately SOL 1.65 million, more than doubling the previously announced holdings of SOL 735,692. The convertible bond issuance is expected to close on July 16, 2025, and the equity issuance is expected to close on July 14, 2025. Further SOL acquisitions are planned in the coming weeks with the net proceeds. *This is not investment advice. Continue Reading: Nasdaq-Listed Company Overhyped: They’re About to Buy Nearly 1 Million Units of This Altcoin
Wall Street's major averages were beat up on Friday, ending in the red, as President Donald Trump slapped a 35% tariff on Canada and threatened to impose more tariffs across the board. For the week, markets ended slightly lower after posting back-to-back record closes as market participants juggled Trump's tariff announcements against a healthy appetite for technology and growth stocks. The S&P ( SP500 ) on Friday closed -0.3% at 6,259.75 points, the tech-heavy Nasdaq Composite ( COMP:IND ) seesawed but ended -0.2% at 20,585.53 points, and the blue-chip Dow Jones ( DJI ) finished -0.6% at 44,371.51 points. Week-to-date, the indices were -0.3% , -0.1% , and -1% , respectively. Trump announced on Thursday a 35% tariff on Canada and warned about further hikes if Ottawa decided to respond. These levies are expected to take effect Aug. 1, according to a letter posted on his Truth Social account. In addition, Trump said he would impose blanket tariffs of 15-20% on other remaining countries. “Equity markets were a nothingburger all week at index level. All manner of analysis suggests that equities ‘should’ put in a short-term correction around now. Price does not, thus far, agree, with the ascent from the April lows continuing to confound fundamentalists everywhere,” Alex King, investing group leader of Cestrian Capital Research , told Seeking Alpha. Over in the bond market, the 10-year Treasury yield ( US10Y ) rose 7 basis points to 4.42%, while the 2-year yield ( US2Y ) rose 1 basis point to 3.90%. On Friday's economic calendar, the monthly Treasury Statement budget showed an unexpected surplus of $27B in June, when it was expected to be in deficit by $41.5B. Meanwhile, bitcoin ( BTC-USD ) surged to a new all-time high on Friday, fueled by growing institutional interest and supportive signals from the Trump administration. “The big winners this week have been Bitcoin and Ether, the latter of which is quietly going mainstream under the guise of Everything Is Token. We believe both will trend higher even if equities do, one day, take a breather,” King said. The focus will shift slightly from tariffs and trade developments to the second quarter U.S. earnings season, which kicks off next week with reports from major banks. More on markets: Back-To-Back Bulls Crowding Out The Private Sector How I'm Managing My Portfolio In Response To The "Big Beautiful Bill" & Tariff Uncertainty
Wall Street gave up gains Friday after President Donald Trump hit Canada with a fresh 35% tariff and promised more across the board. This came just a day after the S&P 500 set a brand new all-time high. The Dow Jones Industrial Average dropped by 297 points, or 0.7%. The S&P fell by 0.3%, and the Nasdaq Composite ticked down by 0.2%. “If Canada works with me to stop the flow of fentanyl, we will, perhaps, consider an adjustment to this letter,” Trump wrote in a post on Truth Social, referring to the new tariff hike . Later in the day, in an interview with NBC News, he confirmed plans for blanket tariffs of 15% to 20% on all other countries not yet targeted, calling the tariffs “very well-received” and pointing to the market’s earlier high as proof. Trump hits Canada, investors watch the EU next Thursday had been a good day for stocks. The S&P 500 rose 0.3% and the Nasdaq added 0.1% despite an announcement that the US would slap a 50% tariff on imported copper, as well as another 50% on goods from Brazil. Traders had shrugged off the impact, but Friday brought a sharp turnaround. The Dow was headed for a 1% loss on the week, and the S&P was down 0.2%. Only the Nasdaq managed to stay in the green. All eyes are now on what Trump will say, or do, about the European Union. Investors had expected an update this week, but there was no letter, just rumors. Whether he plans to increase tariffs or announce some kind of deal, nobody knows. What’s clear is that markets no longer take tariff noise at face value. They’re watching for action. Unlike April’s major selloff when Trump first announced his sweeping levies, this week’s escalation hasn’t caused the same panic. Analysts at Barclays noted in a Friday memo, “stocks continued to melt-up, VIX went lower and gold prices declined,” adding that investors have become “de-sensitive to tariff threats.” Still, the note warned that this doesn’t mean equities are safe from future shocks. Earnings season kicks off next week, along with new inflation reports. These could shake investor confidence, especially if Trump ramps up more trade fights. The market’s calm may not last much longer. Bonds crumble, Powell exits, and volatility collapses Meanwhile, the bond market is flashing serious warning signs. The 10-year Treasury yield climbed back above 4.40%, getting close to its April 10th high. Despite all the trade news and even some record stock gains, yields are rising fast. Fiscal policy concerns and growing deficits are to blame. Investors looking for lower rates won’t get them unless that changes. At the same time, Jerome Powell is stepping down as Federal Reserve Chair, according to Billy Pulte. That adds another layer of uncertainty. It’s unclear who will replace him or how markets will respond. Volatility is also dropping fast. The S&P 500’s three-month realized volatility fell by 8.2 points on Thursday, the biggest one-day drop since 1987, based on figures from Tier1 Alpha. That’s the sharpest volatility cooldown in nearly four decades. The VIX, Wall Street’s fear gauge, also dropped hard, 74% since peaking on April 8, now sitting at 15.7, the lowest level since February 2025. Despite this massive cooldown, Wall Street has been climbing. Since April, the S&P 500 is up 28%, and bullish sentiment hasn’t let go. But Wolfe Research says the party might not last. “Our view is that the economy is in a later cycle environment and there’s a scarcity of secular growth in the market,” the firm told clients in a Friday note. They expect investors will keep overpaying for growth until there’s a clear economic rebound, possibly late 2025 or early 2026. Wolfe also noted that the only companies forecast to grow revenues by more than 10% this year are mostly in tech and communication services. So the rally is narrow, and the broader market may be more fragile than it looks. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
As Bitcoin surges past $112,000, Bhutan strategically liquidates a portion of its holdings at peak market levels, securing significant gains while other governments, notably Germany, face scrutiny for poorly timed sales. Bhutan Executes Timely Bitcoin Sale Bhutan’s sovereign investment fund, Druk Holding and Investments (DHI), made headlines on Wednesday by transferring 213.5 BTC, valued at $23.73 million, to a Binance deposit address. This marked the second consecutive week of sizeable transfers from the Himalayan kingdom, signaling an effort to capitalize on current market strength. Blockchain analytics firm Arkham Intelligence confirmed the transaction, which strategically occurred just hours before Bitcoin reached its highest price level in months. The move is part of Bhutan’s broader treasury strategy, which has increasingly leaned on digital assets as a sovereign wealth tool. Despite recent sales, Bhutan maintains a substantial Bitcoin reserve of 11,711 BTC, estimated at $1.3 billion at current valuations, positioning it as one of the most crypto-forward governments globally. Bitcoin Climbs After Weeks of Consolidation The sale comes as Bitcoin broke past the $112,000 mark this week after spending nearly two months fluctuating between $105,000 and $111,000. Data from Coingecko recorded over $60 billion in global trading volume within a 24-hour window as the world’s largest cryptocurrency surged amid growing market optimism and institutional interest. This bullish momentum, largely fueled by persistent inflows into Bitcoin ETFs and sustained support from institutional investors, has created sharp contrasts in the approaches of government-backed crypto holders. Germany’s Mistimed Sell-Off Highlights Bhutan’s Prudence In stark contrast, the German government offloaded 49,858 BTC between June 19 and July 12, 2024, at an average price of $57,600 per coin. The total liquidation netted $2.87 billion, but the decision proved costly as Bitcoin’s value more than doubled shortly after the sell-off. At current market rates, the same Bitcoin stockpile would be worth approximately $5.54 billion, representing $2.67 billion in missed unrealized gains. Germany’s poorly timed exit, executed just before the market’s significant rally, has sparked criticism over its asset management strategy. Growing Portfolio and Modest Altcoin Gains Arkham’s data revealed that Bhutan’s overall crypto holdings increased to $1.304 billion as of July 10, a notable rise from $1.26 billion the previous week. The bulk of this $38.4 million gain stemmed from Bitcoin’s upward trajectory, though smaller assets within the government’s wallet also posted modest gains. Tokens such as AIKEK and KIBSHI appreciated by approximately 17% and 42%, respectively, while BOBO, a memecoin holding of 69 million units, added a marginal $3.60 in value. These incremental increases, though minor compared to Bitcoin’s performance, reflect Bhutan’s diversified digital asset portfolio strategy, extending beyond just mining and Bitcoin accumulation. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
The financial world often operates like a complex, interconnected web. When one major segment experiences turbulence, it’s natural for ripples to spread, affecting other markets. Today, the news from the US stock market opening lower has certainly caught the attention of investors worldwide, and especially those deeply invested in the dynamic world of cryptocurrencies. While crypto markets often march to their own beat, they are not entirely immune to the broader economic winds blowing through traditional finance. Understanding these connections is crucial for navigating today’s volatile landscape. Understanding the Latest US Stock Market Opening The start of trading today saw a noticeable downturn across all three major U.S. stock indices. This immediate dip often reflects prevailing investor sentiment and macroeconomic concerns that are shaping decisions across various asset classes. For many, the traditional stock market acts as a barometer for the overall economic health, and its movements can provide insights into the appetite for risk among global investors. Here’s a quick snapshot of how the indices opened: S&P 500: -0.39% Nasdaq: -0.31% Dow: -0.60% These figures, while seemingly small percentages, represent billions of dollars in market capitalization and reflect a cautious, if not bearish, sentiment right from the opening bell. Decoding the Recent Stock Market Decline : What the Numbers Say A stock market decline , even a modest one at the open, can be triggered by a confluence of factors. These often include: Inflation Concerns: Persistent inflation can erode purchasing power and corporate profits, leading investors to pull back. Interest Rate Hikes: Central banks raising interest rates to combat inflation can make borrowing more expensive for businesses and consumers, slowing economic growth. Economic Data: Weaker-than-expected jobs reports, manufacturing data, or consumer confidence surveys can signal an impending economic slowdown. Geopolitical Tensions: Global events and political instability can introduce uncertainty, causing investors to seek safer assets. Corporate Earnings: Disappointing earnings reports from major companies can drag down sector-specific or broader market performance. While the exact catalysts for today’s specific opening dip would require deeper analysis of concurrent news, these are the general forces that often contribute to such movements. Investors are constantly weighing these factors, and their collective decisions shape the market’s trajectory. How Nasdaq Performance Reflects Tech Sector Jitters The Nasdaq Composite, heavily weighted towards technology and growth stocks, often acts as a bellwether for investor appetite for higher-risk, higher-reward assets. The observed -0.31% dip in Nasdaq performance at the open suggests that the tech sector, which has often led market rallies in recent years, is currently facing headwinds. This could be due to concerns over rising interest rates, which disproportionately impact growth stocks by making future earnings less valuable, or perhaps specific company news within the tech space. When the tech giants on the Nasdaq experience pressure, it can send a signal across the broader market. Many crypto projects, particularly those focused on Web3, DeFi, and NFTs, are often seen through a similar lens as tech startups – high growth potential, but also higher risk. Therefore, a struggling Nasdaq can sometimes foreshadow or coincide with similar sentiment in the digital asset space. The S&P 500 Dip : A Broader Economic Bellwether? The S&P 500, representing the 500 largest U.S. publicly traded companies, is widely considered the best gauge of large-cap U.S. equities. Its -0.39% S&P 500 dip at the open indicates a broader market apprehension that extends beyond just the tech sector. This index includes a diverse range of industries, from finance and healthcare to consumer staples and industrials. A decline here suggests that concerns are not isolated but are affecting a wide swath of the U.S. economy. For crypto investors, observing the S&P 500 is crucial because it often reflects the general ‘risk-on’ or ‘risk-off’ sentiment. When the S&P 500 shows weakness, it often means investors are pulling back from riskier assets across the board, which can include cryptocurrencies. Navigating the Crypto Market Reaction to Traditional Finance Volatility The big question for our readers is: what does this crypto market reaction look like? Historically, there have been periods where cryptocurrencies, especially Bitcoin, have shown a correlation with traditional stock markets, particularly the Nasdaq. When the stock market dips, Bitcoin and other digital assets can sometimes follow suit, especially during times of macroeconomic uncertainty. This is often attributed to: Liquidity Crunch: In times of panic, investors might sell off crypto to cover losses in traditional markets or to increase their cash reserves. Risk-Off Sentiment: Both tech stocks and cryptocurrencies are often considered ‘risk-on’ assets. When investors become risk-averse, they tend to divest from these assets first. Institutional Adoption: As more institutional money enters the crypto space, the correlation with traditional finance might strengthen, as these institutions manage diversified portfolios. However, it’s also important to remember that the crypto market has its own unique drivers, including technological advancements, regulatory news, network upgrades, and community sentiment. While today’s stock market opening might send initial ripples , the long-term trajectory of digital assets will depend on a broader set of factors. Actionable Insights for Crypto Investors Given the current market dynamics, what can crypto investors do? Stay Informed: Keep an eye on both traditional financial news and crypto-specific developments. Assess Your Risk Tolerance: Understand that volatility is inherent in both markets. Ensure your portfolio aligns with your comfort level. Diversify (Wisely): While diversification within crypto is important, consider how your overall investment portfolio balances traditional and digital assets. Long-Term Perspective: For many, cryptocurrencies are a long-term investment. Short-term market fluctuations, while impactful, may not dictate the ultimate success of your strategy. Dollar-Cost Averaging: Consider a strategy of regular, smaller investments rather than trying to time the market. This can help mitigate the impact of volatility. Conclusion: The Interconnected Financial Landscape The lower opening of the major U.S. stock markets today serves as a stark reminder of the interconnectedness of global finance. While cryptocurrencies strive for decentralization and independence, they are not entirely decoupled from the macroeconomic forces that influence traditional assets. The stock market decline , reflected in the Nasdaq performance and S&P 500 dip , inevitably sends ripples through the entire investment ecosystem, prompting a cautious crypto market reaction . For crypto enthusiasts, this highlights the importance of not just understanding the blockchain and tokenomics, but also keeping a pulse on broader economic indicators. By doing so, investors can better anticipate potential shifts and make more informed decisions in their journey through the exciting, yet sometimes unpredictable, world of digital assets. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum price action.
Core Scientific and CoreWeave have announced a monumental $9 billion all-stock merger, signaling a significant consolidation in the crypto and AI sectors. Meanwhile, Bitcoin ETFs experienced a massive influx of
Ego Death Capital has launched a $100 million fund exclusively for Bitcoin startups, signaling renewed institutional confidence in BTC as the cornerstone of decentralized finance. Meanwhile, Robinhood’s aggressive tokenization strategy
Coinbase has filed a lawsuit against Oregon officials, specifically targeting Governor Tina Kotek and Attorney General Dan Rayfield, over an abrupt shift in the state’s cryptocurrency policy. In the lawsuit filed late Thursday, the company accused the governor and other state officials of changing their position on digital assets without traditional hearings or sparing time for agency rulemaking and public comment. Ryan VanGrack, vice president of litigation at Coinbase , said the agenda that Oregon AG Dan Rayfield is pushing has the potential to make out-of-state law firms wealthy at the expense of local residents looking to trade digital assets. VanGrack asked important questions, like why Governor Kotek is refusing to provide basic information about the case, including why the state suddenly changed its views on crypto. “Oregonians deserve to know why their government is keeping them in the dark — and why they’re pursuing a case that would deprive Oregonians (and only Oregonians) from trading crypto,” VanGrack said. pic.twitter.com/siEmaP50IQ — paulgrewal.eth (@iampaulgrewal) July 11, 2025 Coinbase thinks Oregonians deserve the truth from their government The lawsuit comes after the state attorney general, Mr. Rayfield, dragged Coinbase to court in April, accusing it of skirting state and federal law for failing to register with the U.S. Securities and Exchange Commission or the Oregon Department of Consumer and Business Services. There has been little progress on the case, and Coinbase is looking to get it dismissed. In its Thursday filing, the company highlighted how, for years, Oregon state officials advised its residents that digital assets — like cryptocurrency — are “not regulated” as state securities. However, their sentiments changed in April, and with the support of New York and D.C. attorneys, the state sued Coinbase, accusing it of operating illegally due to not having registered. If Oregon emerges victorious, out-of-state firms stand to gain 20% to 30% of any money recovered in the lawsuit. Coinbase claims in its filing that there was no law passed by the Oregon Legislature to regulate digital assets, and Oregonians deserve answers from their state government. The legal battles between Oregon and Coinbase are occurring at a critical time when there is bipartisan support for legislation imposing some regulations on crypto. Congress will vote on the CLARITY Act and the GENIUS Act in the coming week, and both are expected to promote transparency and regulation in the digital asset industry, setting up some requirements and guidelines to better protect consumers. Recent regulatory advancements have helped Coinbase’s stock Coinbase’s stock has performed strongly, with a 50.25% increase over the past month and a 75.49% rise over the last year. Coinbase stock price. Source: Google Finance The stock hit a new all-time high of $389.06 on July 10, 2025, inspired by bullish crypto market trends, including Bitcoin surging past $117,000, and positive regulatory developments like the GENIUS Act, which has provided a regulatory framework that could foster growth in the crypto industry. The company has also secured a Markets in Crypto License (MiCA), which has expanded its operational capabilities and market reach in Europe. While its strategic initiatives have positioned it as a leader in the crypto exchange market and its commitment to regulatory compliance, the company’s proactive approach to addressing market challenges is what has earned it the trust of investors and users alike. Mark Palmer, an analyst at Benchmark, reiterated his “buy” rating on Coinbase in June, elevating his price target from $301 to a significant $421. The bullish stance follows similar optimism from Cantor Fitzgerald, whose analysts last month reaffirmed their “overweight” rating on Coinbase’s stock, while simultaneously raising their 12-month price target from $253 to $292. Palmer tagged the recent bipartisan passage of the GENIUS Act in the U.S. Senate as a catalyst for Coinbase’s growth, as the company has an enduring partnership with Circle, the issuer of the USDC stablecoin, and is poised for direct and substantial benefits should the bill be signed into law. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Core Scientific and CoreWeave announce a massive $9B merger while Bitcoin ETFs see their second-biggest day ever with $1.17B in inflows.
On July 11, Bitcoin breached the $118,000 mark. This growth occurred amid active buying by long-term investors. According to CryptoQuant, the balance of ”accumulators” reached an annual maximum of 248,000 BTC. The figure has increased by 71% since June 22. Such strong demand was last seen on December 20, 2025. At that time, Bitcoin traded at $97,000, and the number of coins held at holders' addresses reached a record 278,000 BTC. A Signal for Growth Demand is recovering from a dip in the fourth quarter of 2024. Although net interest remains negative, it is growing rapidly, indicating that buyers are strengthening their positions. Analyst Axel Adler Jr. believes that the first point for profit-taking will come at a price of $130,900. The MVRV ratio must reach 2.75 to begin distribution. The expert compared the market capitalization to the realized capitalization. Glassnode noted a $4.4 billion increase in realized capitalization while crossing $113,000. This shows active investor trades rather than speculative growth, analysts said. $150,000 Target Milk Road co-founder Kyle Reidhead has set a $150,000 target for Bitcoin. The expert sees a bullish cup-and-handle formation that formed in June. Reidhead is confident of further gains for the asset after it returns to $112,000. Kyle Reidhead wrote, ”See you at $150,000.” The chief analyst of Bitget Research, Ryan Lee, shares the same forecast, provided that the current trend and inflows of institutional capital are maintained. In a commentary to ForkLog, the expert said that several factors are influencing the strengthening of Bitcoin: Pro-cryptocurrency rhetoric from the administration of US President Donald Trump Steady inflows of funds into ETFs Increased interest from corporate treasuries All this creates conditions for a continuation of the bullish trend as early as the start of the third quarter. As Lee noted, growth above $117,000 is an important signal for the market and can only be an intermediate stop before a new spurt. The average projected price of Bitcoin in the coming months is $125,000, with an expected trading range of $105,000 to $150,000. The $108,500 (support) and $130,000 (resistance) levels remain important technical benchmarks. According to Lee, consolidation above $130,000 will open the way to a new phase of growth. At the same time, the expert recalled a characteristic feature of the crypto market—high volatility: ”Sharp growth can be accompanied by a rapid correction—down to $110,000, or even into the $100,000–$105,000 range, where the key support zone is located. However, the fundamental trend remains positive.”