Bitwise has updated its filing for its spot Dogecoin and spot Aptos ETFs, indicating that the U.S. Securities and Exchange Commission (SEC) is actively involved in the process. Bloomberg Senior ETF Analyst Eric Balchunas said in a statement today that this development is a positive sign, stating that it is in line with other spot crypto ETF approval processes. Balchunas said the most notable change is the addition of “in-kind” (direct asset swap) asset creation and redemption mechanisms to the applications. This feature allows investors to create ETF shares or receive redemptions directly in cryptocurrencies instead of cash. “It seems almost certain that in-kind transactions will now be accepted across all spot ETFs,” Balchunas said, recalling that this mechanism was not included in the initial applications filed in January. Related News: Bold Statements from the Famous CEO for Ripple (XRP)! "No Investor Can Buy XRP at This Price!" As you may recall, Bitwise’s Dogecoin ETF application was filed on March 3, 2025 and supported by Coinbase Custody. After the application was opened to the public comment period, it was postponed by the SEC for additional evaluation on June 12. The Commission announced that it needed to examine market risks and investor protection measures more comprehensively by extending the decision period. *This is not investment advice. Continue Reading: Bloomberg’s Senior Analyst Shares Good News About Spot ETFs for Two Altcoins
World, previously known as Worldcoin, has launched Priority Blockspace for Humans (PBH) on its World Chain mainnet. The feature aims to create a large network of verified human users, targeting over a billion participants. PBH Prioritizes Actual People World, the project formerly known as Worldcoin, has unveiled a major upgrade to its blockchain ecosystem: Priority
The interim US Attorney for the Southern District of New York has requested a trial delay to facilitate discussions on a potential resolution in Michelle Bond’s criminal case related to
As July 2025 begins, leading cryptocurrencies Ripple (XRP), Ethereum (ETH), and Solana (SOL) are showing signs of renewed strength, setting the stage for what many analysts believe could be a strong Q3. With key legal, technical, and institutional shifts underway, investor attention is sharp — and not just on the major players. A rising newcomer, MAGACOIN FINANCE , is generating widespread attention as demand intensifies across the crypto space. Ripple (XRP): Legal Limbo, but Technical Strength Ripple is back in the spotlight following a June 26 ruling that rejected a proposed $50 million settlement with the SEC. Despite the setback, XRP has maintained a solid price level around $2.11, supported by its continued use in global payments and adoption of Ripple’s On-Demand Liquidity (ODL) service. Legal clarity may still be months away, but analysts believe XRP’s practical utility and recent integration of native USDC on the XRP Ledger keep the long-term outlook bullish. A favorable legal resolution could act as a strong catalyst for upward price movement in the coming weeks. Ethereum (ETH): Rebound Potential After June Sell-Off Ethereum took a hit in late June, falling from nearly $2,900 to the $2,200 range due to global geopolitical tensions. Despite this, the network’s recent Pectra upgrade introduced smart contract wallets, stablecoin gas payments, and improved staking mechanics — all of which strengthen its long-term foundation. With over 27% of ETH now staked and institutions showing growing interest in ETH-based ETFs, many analysts believe Ethereum could reclaim $2,800 in July. Continued adoption, especially in real-world asset tokenization, adds further upside. Solana (SOL): Institutional Demand Picks Up Solana has rebounded from recent lows, trading between $146 and $158. A major catalyst came on June 25, when Invesco filed for a Solana ETF — a strong signal of increasing institutional appetite. Combined with rising smart contract deployment and top-tier network uptime, Solana’s infrastructure continues to mature. Analysts forecast a potential move above $180 if momentum holds, and some see even higher targets in Q3. Solana’s speed, low fees, and expanding ecosystem make it a serious contender in the current market cycle. MAGACOIN FINANCE: Growing Excitement Among Investors While major coins like XRP, Ethereum, and Solana gear up for a potential Q3 breakout, MAGACOIN FINANCE is quietly turning heads across the crypto community. What started as an under-the-radar project is now gaining serious momentum, thanks to a passionate community, a fully audited foundation, and a clear focus on long-term growth. More and more traders are eyeing MAGACOIN FINANCE as the next big thing — especially as early access windows start to close and its public launch draws closer. With real utility, transparent leadership, and growing attention across social platforms, it’s quickly becoming one of the most talked-about crypto projects of the year . For many investors, the sense is clear: this could be a rare opportunity, and no one wants to be the one who looked back and missed it. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Exclusive Access: https://magacoinfinance.com/entry Continue Reading: Ripple (XRP), Ethereum, and Solana Price Forecast July 2025: Analysts Predict Major Q3 Opportunities
Ethereum is back in focus after reclaiming the critical $2,444 resistance, following a sharp recovery from its breakdown below the $2,200 mark. The move has revived bullish sentiment, with many analysts calling for Ethereum to lead the long-anticipated altseason. The swift rebound caught traders off guard, reinforcing the view that the recent drop was nothing more than a fakeout. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds Top analyst M-log1 commented on the reversal, stating that ETH is back in range. His analysis points to the idea that Ethereum’s price action has successfully shaken out weak hands while setting the stage for a bullish continuation. If momentum holds, ETH could attempt a move toward the higher range around $2,600–$2,800, a zone that has consistently acted as a battleground in previous cycles. Ethereum’s role as the leading altcoin makes its performance critical for broader market direction. A confirmed breakout here could trigger renewed confidence across the altcoin market and open the door for the long-awaited altseason. For now, bulls are in control—but Ethereum must hold current levels and push higher to keep the momentum alive and avoid another retracement into bearish territory. Ethereum Holds the Line: The Key to Unlocking Altseason? Ethereum surged following the announcement of a ceasefire between Israel and Iran, easing geopolitical tensions and triggering a sharp rebound across the crypto market. ETH, which had briefly broken down below the $2,200 mark, has since reclaimed key resistance near $2,444—indicating growing strength among bulls. While buyers initially lost control during the wave of uncertainty, they are now regaining momentum as the entire market braces for the next decisive move. Despite rising optimism, the macroeconomic backdrop remains fragile. Recession fears in the U.S. continue to build as leading indicators flash warning signs, and tightening global financial conditions may pressure risk assets in the coming months. Yet in the crypto space, focus is shifting toward Ethereum’s performance as the likely spark for the long-awaited altseason. M-log1 shared his view, saying, “ETH is back in range. Nice fake out after all.” His technical analysis suggests that Ethereum has reentered its consolidation zone, a move that could signal strength if followed by continued upward momentum. “If we want alts to do well,” he added, “we want ETH to move towards the higher range here and break out as soon as Uncle Bitcoin makes a new ATH.” With Bitcoin hovering just 4% below its all-time high, Ethereum is now in a critical position. A sustained breakout from current levels could trigger renewed risk appetite across the altcoin market, creating the perfect setup for a rotation. For now, Ethereum is holding the line—but it must maintain this bullish structure and break above resistance to lead the next phase of growth. All eyes remain locked on ETH as it charts the course for what comes next. Related Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge ETH Regains Strength Near Key Resistance Levels Ethereum is showing signs of renewed momentum, trading at $2,451 after bouncing back strongly from a brief breakdown below the $2,200 level. The chart shows ETH has reclaimed the short-term descending trendline and is now testing major moving averages, with the 50-day SMA at $2,254, the 100-day at $2,639, and the 200-day just overhead at $2,780. This confluence of resistance above makes the $2,500–$2,800 zone a key battleground. Volume appears to be picking up alongside the price, signaling increased interest as ETH reclaims structure. This rally was partly fueled by the broader market response to geopolitical easing in the Middle East, but the technical setup now holds independent bullish potential. The recent price action forms what could be a classic “fakeout” and re-entry into range — a pattern that often precedes strong breakouts. To confirm a trend reversal, Ethereum needs to push and hold above the $2,650–$2,800 resistance band. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month If bulls can sustain this pressure, a run toward the March highs near $3,200 becomes increasingly likely. However, failure to build momentum here could see ETH range-bound or even revisit support near $2,200. For now, the trend is shifting in the bulls’ favor, with a breakout scenario back on the table. Featured image from Dall-E, chart from TradingView
The next year and a half could see remarkable gains in key cryptocurrencies. XRP , ETH , and ADA are showing promising signs of upward momentum. This period may be ripe for notable growth in these digital assets. Investors and enthusiasts will want to understand why these coins could lead the charge and what factors might drive this potential surge. XRP Price Action and Key Levels Signal Neutral Market Conditions XRP experienced a 5.04% decline over the past month, while showing a 2.25% increase over the last six months. The coin's price movements have been moderate, lacking extreme fluctuations, which suggest a blend of short-term weakness and longer-term recovery. Throughout this period, price changes remained within a consistent range, indicating that investors faced dips and subsequent recoveries in their trading activities. XRP is currently trading between $1.95 and $2.53, with resistance at $2.88 and support at $1.73. The next notable levels include resistance at $3.45 and support at $1.15. Technical metrics indicate a neutral position, with an RSI of 50.46 and slight negative momentum from both the Awesome Oscillator at -0.061 and the Momentum Indicator at -0.044. This equilibrium shows a lack of dominance from either bulls or bears, creating a sideways market. Traders may consider buying near support levels and look for profit as prices trend toward resistance zones, all while maintaining a cautious approach. Ethereum's Recent Downturn and Key Price Levels for Action Ethereum faced a moderate drop of about -3.23% over the past month and a sharper decline of -25.51% in the last six months. Price adjustments have pushed the current range between $1923.57 and $2961.91. This period has seen noticeable loss pressure with overall bearish movements impacting investor sentiment. Monthly and half-year changes indicate that price correction remains the prevailing trend, reflecting market forces that have favored sellers and resulted in significant downtrends that warrant caution among traders. Current prices hover within a tight band, setting the nearest resistance at $3395.40 and the closest support at $1318.72, with a second resistance level at $4433.74 and a deep support around $280.38. Indicators such as the Awesome Oscillator at -163.45 and Momentum Indicator at -63.69 reflect a market leaning towards bearish pressure, while the Relative Strength Index at 50.11 shows no clear momentum for buyers or sellers. Trading strategies could involve shorting if upward moves stall near resistance while preparing for potential reversals at support levels, advocating for cautious tactics within these ranges amid uncertainties. Cardano's Market Trends and Critical Price Levels Cardano experienced a notable decline in the last month, dropping nearly 25%, and about 35% over the past six months. The sustained bearish momentum reflected persistent price weakness, where temporary fluctuations did little to reverse the downward trend. Both shorter and longer periods highlighted significant sale pressure and a cautious stance among traders. Volatility marked this period, with price swings indicating a lack of strong conviction among market participants. Current market dynamics position Cardano between $0.5967 and $0.8187. The nearest resistance level at $0.9523 defines a clear ceiling, while support appears solid at $0.5083, backed by a lower level at $0.2863. Technical indicators confirm prevailing bearish pressure, with an RSI of 36.85 indicating subdued market strength. Although bulls have not taken control, opportunities for trades within these levels may arise. Buying near support could be attractive with signs of reversal, while short positions near midrange prices may work if the downtrend continues. A disciplined strategy with tight stop-loss orders remains essential in this cautious outlook. Conclusion XRP , ETH , and ADA have strong potential for significant growth over the next 18 months. Increased interest and widespread adoption could drive their prices higher. Key partnerships and technological advancements play a major role. These factors should be closely monitored as these coins might yield lucrative returns. 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.
A New York Judge has rejected a request from Ripple and the U.S. Securities and Exchange Commission to lift legal constraints on Ripple’s institutional XRP sales, which would have ultimately considerably slashed fines previously demanded by the agency during the Gary Gensler era. Why The Ripple-SEC Settlement Bid Was Denied As announced by well-known defense lawyer James Filan, Judge Analisa Torres denied the joint bid by the Securities and Exchange Commission and Ripple for an indicative ruling. In the June 26 five-page order filed in the U.S. District Court for the Southern District of New York, Judge Torres pointed to the SEC’s previous stance against Ripple involving claims that Ripple would likely continue to break federal laws in pushing for an injunction. “None of this has changed — and the parties hardly pretend that it has. Nevertheless, they now claim that it is in the public interest to cut the Civil Penalty by sixty percent and vacate the permanent injunction entered less than a year ago,” Judge Torres stated in the order. The SEC and Ripple have been requesting that Judge Torres grant their request and issue a ruling that the court “dissolve the injunction against Ripple,” allowing the company to pay a $50 million civil penalty to the SEC, with the remaining funds to be returned to Ripple. Torres rejected the parties’ first motion for failing to demonstrate the “exceptional circumstances” required to justify modifying a final judgment. In their joint motion, the SEC and Ripple mentioned other crypto-related suits where the regulator had voluntarily tossed out their cases since Chairman Gary Gensler left office in January, as the Trump administration rolled in. However, Judge Torres argued that those cases never reached a final judgment, unlike the Ripple case. In each instance, the SEC withdrew before any court found that a legal breach had transpired. The Court is not persuaded. For starters, none of the enforcement actions cited by the parties involved an injunction or a civil penalty. In each of those cases, the SEC dismissed its case before a court found a violation of federal securities laws,” she wrote. Judge Torres also rejected the idea that a shift in SEC policy or a newly created crypto task force justified dissolving the injunction. She stressed that final court rulings are a matter of public interest, particularly when enforcing federal laws that safeguard investors. Amending the penalties would send the wrong message to other companies considering following securities laws. “The parties must show exceptional circumstances that outweigh the public interest or the administration of justice. They have not come close to doing so here,” the Judge explained. With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime,… https://t.co/edHNbMzYbZ — Stuart Alderoty (@s_alderoty) June 26, 2025 XRP was trading at $2.11 on Thursday, down 3.2% over the previous 24 hours, according to CoinGecko .
YZi Labs (formerly Binance Labs), the investment arm of cryptocurrency exchange Binance, has announced that it has invested in MEET48, a decentralized entertainment platform that emerged from BNB Chain’s MVB (Most Valuable Builder) accelerator program. CoinMarketCap chart showing the rise in the IDOL project, which was invested in by Binance Labs, following the news. This strategic investment aims to accelerate MEET48's growth and further enrich the Web3-based fan experience with virtual performances, idol management games, and physical events. “We invested in MEET48 in line with our vision of democratizing fan participation and bringing transparency to idol communities,” YZi Labs’ official statement read. Related News: United Arab EmiratesMakes Altcoin Push: Purchases $100 Million Worth of Trump-Backed Token Founded in 2022, MEET48 allows fans to directly contribute to their favorite idols’ journey. According to the official announcement, the platform offers voting and reward mechanisms thanks to the IDOL token integration, while users can earn NFTs, participate in virtual meetups, and access exclusive content. MEET48 aims to reach over 30 million fans through partnerships with Southeast Asia’s biggest idol groups and has plans for global expansion. MEET48 caught the attention of YZi Labs and was selected as part of BNB Chain’s MVB Season 8 Accelerator Program. The program is run in partnership between YZi Labs and CoinMarketCap. The team behind the platform consists of experts in the field, including early Ethereum miner and Harvard dropout Wayne Zhang, CEO Ken Xu, who has over 15 years of experience in the media and film industry, and CFO Yoshiyuki Oe, a former PwC Strategy advisor. *This is not investment advice. Continue Reading: Binance’s Investment Arm Announces New Altcoin Project It Has Invested In, Leading to a Sudden Price Surge
Lately, the Internal Revenue Service has ramped up the frequency of warning letters sent to cryptocurrency investors. Reports indicate that most recipients receive one of three letter types: 6173, 6174, or CP2000. But what do these letters mean, and do they signal a broader crackdown on crypto? Regulation of cryptocurrency taxes is still something many people don’t pay attention to; however, ignoring this part of financial life may be dangerous. The most vivid example is the use of alleged tax evasion for the prosecution of Roger Ver, one of the first notable Bitcoin popularizers. Read more: Trump pardons BitMEX founders, is ‘Bitcoin Jesus’ Roger Ver next? The surge in IRS letter frequency may be explained by the 1099-DA regulations scheduled to be adopted this year. It is the first cryptocurrency-specific tax form by the IRS. Some investors find the warning letters approach dismaying and feel it is harassment, as in these letters, the IRS informs receivers that the service is aware they performed cryptocurrency transactions, and these transactions must be reported to the IRS properly. Who else got a letter about crypto from the IRS today? 🙋♀️ I didn’t do anything wrong. But I’m going to keep getting pissed any time the gov questions me when they don’t hold themselves accountable for anything. — Wendy (@reallywendy) June 17, 2025 What makes some of these letters look creepy is that the IRS is throwing facts like “we know you owned crypto between 2018 and 2020” at the receiver and alleging that the letter receiver may not have reported crypto-related income properly. Let’s check what these letters mean practically. Types of the letters Mainly, crypto investors receive three types of letters from the IRS: 6173, 6174, and CP2000. Form 6174 is regarded as the least disturbing, as it has solely an informational purpose and doesn’t require action. It is a “soft notice” letter and, basically, it can be ignored. Got one too “Letter 6174-A” Told don’t respond you are self incriminating yourself. Still speak with a crypto tax professional since every situation is different. Love how they said this in the letter. pic.twitter.com/MNwU6xYTjZ — 🅽🅾🅳🅴🆉 (@BlueCollarNodes) May 3, 2025 Still, it signals that the IRS is aware of your involvement in crypto investment. If the IRS believes the taxpayer has done something wrong, it may send more urgent letters later. Letter 6174 may be seen as a good reason to check if previous reports were made correctly. 6174 doesn’t indicate that the IRS is aware of any wrongdoing. Taxpayers may receive this letter if they were using U.S.-based exchanges, such as Kraken, Coinbase, Binance US, and others. Another possible reason is that their crypto transactions were reported by someone using Form 1099-MISC or 1099-B. Finally, the receiver’s account could have been flagged by the IRS because of a third-party data match. The 6173 and CP2000 letters are more urgent and require action. Letter 6173 is the letter that wasn’t frequent until now. It states: “We have information that you have or had one or more accounts containing virtual currency and may not have met your U.S. tax filing and reporting requirements for transactions involving virtual currency, which include cryptocurrency and non-crypto virtual currencies.” This letter cannot be ignored as it unambiguously informs a taxpayer that they have allegedly underreported their crypto income, and the IRS can do an audit. The info about the taxpayers’ crypto transactions may be obtained by the IRS from the exchanges they use. Discrepancies between reported crypto transactions and exchange data may lead to a 6173 letter. On top of a complete lack of reports on crypto, the reason may be errors in reporting—such as not reporting staking or mining rewards, not applying capital gains tax on crypto conversions, and more. A tax attorney can help fix the problems before the deadline indicated in the letter. The CP2000 notice includes the specific amount that needed to be reported. The source of this letter is the Automated Underreporter Unit of the IRS, which generates due notices using computers. Given that these notices are generated automatically, there’s a chance they’re incorrect. In some cases, CP2000 claims the taxpayer owes more in taxes than they actually do. Some forms may inform the taxpayer of a refund. If the amount is correct, the taxpayer may fill in the form and pay. If not, it’s better to dispute it. Calling a tax attorney may be an option. Given how much info the IRS may gather, a proactive position of crypto investors and traders is a must. It’s better to work on tax reports diligently and be ready to respond to IRS letters in time. Usually, this means within a 30-day period. The IRS vs. Trump Administration 2.0 The IRS will have more information about cryptocurrency transactions than before. That will happen this year as soon as Form 1099-DA is adopted. The pressure is rising, even as the crypto-friendly Trump Administration 2.0 is planning the abolition of the IRS itself and replacing it with tariffs. In January 2025, Congressman Earl Carter proposed a bill replacing the IRS with a consumption tax—meaning that prices would rise substantially. Commerce Secretary Howard Lutnick explained that the plans to abolish the IRS are in line with the protectionist policies of Donald Trump. The replacement of the IRS with tariffs is summed up with the credo: “make the outsiders pay.” It’s unclear whether Trump will actually abolish the IRS anytime soon, but the increased scrutiny of crypto transactions may only fuel supporters’ desire to shut the service down. You might also like: Congressman proposes IRS elimination
SOL Strategies has unveiled its Strategic Ecosystem Reserve (SER), marking a significant step in bolstering the Solana blockchain by acquiring Jito (JTO) tokens as its inaugural asset. The initiative reflects