INJ’s breakout triggers bullish momentum, backed by whales, rising funding, and heating futures.
Bitcoin’s summer rally accelerated in the early hours of 11 July, when the benchmark cryptocurrency sliced through $118,000 and printed exchange highs that peaked above $118,800, depending on venue data. The spike wiped out an estimated $1.25 billion in short positions within a single trading day, according to CoinGlass figures. Bitcoin Bull Trap Or Breakout? Capriole Investments founder Charles Edwards took to X as the breakout unfolded. “New all-time highs beget new ATHs. It’s usually unwise to ignore a major breakout like this, until invalidated,” he wrote, adding that corporate treasury demand has “grown exponentially, with dozens of new companies popping up in recent months.” Edwards’ base-case projection calls for a further 50–70 percent advance over the next six months—roughly $170,000–$196,000. Related Reading: Research Predicts $160,000 Bitcoin By EOY—If Treasury Firms Hold His focus on treasuries is backed by hard data. Public companies added a record 159,107 BTC in Q2—pushing aggregate corporate holdings above 847,000 BTC, or about four percent of max supply. Corporate Bitcoin acquisitions have even outpaced ETF net inflows. Matthew Sigel, head of digital-asset research at VanEck, framed Bitcoin’s trajectory within a broader macro and policy backdrop. “The natural course for Bitcoin remains higher, driven by persistent US debt and deficit problems, demographic tailwinds, a weakening dollar, growing momentum around Fed rate cuts, and the potential for a new Fed chair next year,” he wrote on X. Sigel also highlighted Capitol Hill’s looming “Crypto Week,” where stablecoin legislation is widely viewed as the most passable of several digital-asset bills. Those developments, he argues, make $180,000 “very much in play for 2025.” Law-makers appear to share the sense of urgency. A press statement from the House Financial Services Committee confirms that the week of 14 July will be dedicated to advancing the CLARITY Act, the Anti-CBDC Surveillance State Act and the GENIUS Act. Passage would establish the first comprehensive federal framework for stablecoins and market structure, a change Sigel says could “unlock wide-open capital markets” for the sector. Related Reading: Bitcoin Is One Candle Away From $141,300 Breakout, Chart Master Warns Spot Bitcoin ETFs are hardly idle: net inflows into BlackRock’s iShares fund alone have pushed its holdings past 700,000 BTC in the 18 months since launch. Yet Edwards and Sigel both note that treasury companies have become the marginal buyer in 2025. The dynamic creates what Edwards calls a “cap-raising flywheel,” as firms showcase outperforming share prices—up nearly 60 percent year-to-date for the treasury cohort—when courting investors. Notably, the rally is unfolding against a supportive macro backdrop. Federal Reserve Governor Christopher Waller told a Dallas Fed audience he is “open to cutting the policy rate in July,” arguing current settings are “too tight” given waning inflation pressures. Meanwhile, US President Donald Trump continued his attacks on Fed chair Jerome Powell over the past weeks, demanding immediate rate cuts. Trump’s tariff escalation also seems to fade out, supporting the Bitcoin rally. Notwithstanding euphoric headlines, technicians warn that momentum must sustain above $110,000 to avoid a failed-breakout pattern. “This theory would be weakened with closes below $110K and invalidated below $105K,” Edwards concludes. At press time, BTC traded at $117,854. Featured image created with DALL.E, chart from TradingView.com
On July 12, SharpLink Gaming, a publicly traded US company, expanded its cryptocurrency holdings by acquiring an additional 21,487 ETH, valued at roughly $64.26 million. This strategic purchase was executed
The U.S. House will vote on critical crypto regulations next week. Continue Reading: U.S. House Sparks Interest with Upcoming Crypto Legislation Vote The post U.S. House Sparks Interest with Upcoming Crypto Legislation Vote appeared first on COINTURK NEWS .
Rich Dad Poor Dad author Robert Kiyosaki has issued a stark warning to crypto investors worldwide. On X, he warned that Bitcoin’s most recent surge put the cryptocurrency in what he described as the “ Banana Zone ,” ripe for potentially damaging emotional decision making based on FOMO, the fear of missing out. Bitcoin recently jumped above $117,000, a new record peak, igniting speculation it could surge as high as $124,000 or higher. Kiyosaki has a great answer to the run-up: Don’t go by emotion but strategy. “Be a smarter investor,” he said, noting that impulsive purchasing during euphoric market cycles is often associated with crippling losses. “Don’t be a HOG. HOGs get slaughtered. Be a PIG instead. PIGs get fat.” He shared that his buys were at $110,000, indicating conviction that we are long-term bullish, and cautioned against diving into the market at the top for no particular reason. His strategy? Wait for the market to correct, then buy back at a discount. Traders fuel fear and greed in banana zone rally Real Vision CEO and macro investor Raoul Pal is credited with popularizing the “Banana Zone”. It refers to a phase of rapid, nearly vertical price growth typically limited to high-demand, low-supply assets such as Bitcoin. Kiyosaki expressed a similar sentiment to Pal, stating that the “limited” nature of Bitcoin means that when there is an appetite for the coin, thereby driving up its interest, it faces a ton of upward pressure due to its scarcity. This cycle is usually driven by institutional adoption, media frenzy, and retail investor frenzy. It delivers the possibility of explosive gains but also introduces volatility, extreme risk, and emotional trading. As with previous surges, the current burst of optimism could lead to a short-lived price spike and some real downside risk, Kiyosaki said. He cautioned that many fresh investors are diving into the markets without understanding how fickle a game trading cryptocurrency can be. This flood of FOMO-driven buyers, he said, could add significant instability to the market. He said that as the price only goes up, inexperienced investors could become panicky, resulting in a “slaughtering” of those who bought in at these levels. In Kiyosaki’s view, this stage sees many investors piling in without doing any independent research, hoping for a quick buck. This “herd instinct” frequently results in excessive buying at the peak, with mass panic selling when the price “falls off a cliff”. He said investors should focus on educating themselves instead of chasing price surges while maintaining discipline. He cautioned that this was not the time to follow the crowd blindly, but rather an opportunity to sharpen their thinking. Traders push Bitcoin higher as risk escalates Bitcoin’s climb to $118,000 has bulls and analysts cheering. Some in the market believe the asset is in the early stages of a long-term bull run. Estimates of $124,000 or more are already being labeled conservative by certain circles. The more aggressive forecasters call for $250,000 by the end of 2025, and even $1 million by 2030 — particularly if macroeconomic travails continue to erode faith in fiat currencies. Kiyosaki, an ardent critic of central bank control over global monetary policy and fiat currency systems, believes Bitcoin is “people’s money” and that the flagship cryptocurrency presents a strong hedge against inflation. He’s sung Bitcoin’s praises for its fixed supply and decentralized nature multiple times. In June 2024, he repeated his faith in Raoul Pal’s Banana Zone theory and became a legendary figure of the upcoming bull market. He says he bought his first Bitcoin when the price was $6,000. Those early decisions have more than paid off, and he emphasizes that gains did so because he was investing smart and patiently, not gambling on hype. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Robinhood stock shot past $103 on Friday before sliding lower by close, closing out another wild day in what has been a monster year. The financial platform is now up more than 161% in 2025, fueled by the crypto market’s rally and a flood of retail momentum. But that spike came just as Bloomberg reported that JPMorgan plans to charge fintech firms for access to customer bank data, a decision that could slam Robinhood and its peers with new costs. That news hit hard. Robinhood relies on slim margins to offer free services. Just the idea of added costs rattled the market. PayPal and Affirm each dropped nearly 6% on the same day. And while Robinhood stayed green, the pullback from its intraday high showed just how fragile a rally could be in this era. Robinhood keeps facing backlash over crypto “Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Florida Attorney General James Uthmeier said. His office is focusing on the company’s use of payment for order flow, where market makers pay Robinhood to execute trades. James said that practice could result in worse prices for users. Lucas Moskowitz, Robinhood Crypto’s general counsel, defended the platform’s practices in a statement to CNBC, calling the company’s trade disclosures “best-in-class.” “We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” Lucas said. That wasn’t Robinhood’s only problem this week. The company announced it would begin taking 25% of staking rewards from U.S. users starting October 1. In Europe, it plans to take 15%. That puts it close to Coinbase, which charges anywhere from 25.25% to 35%, but higher than Gemini’s flat 15% fee. Robinhood avoided staking before due to U.S. regulatory pressure, but under President Donald Trump, the SEC has backed off its crackdown. Recent cases against Coinbase and Binance have been dropped, giving firms room to bring back services like staking. Robinhood triggers OpenAI dispute with tokenized stock rollout Robinhood is also facing scrutiny in Europe over its new tokenized stock program. The company launched blockchain-based assets giving users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles (SPVs). These tokens don’t offer voting rights or direct ownership. They track the value of SPVs that hold shares in the actual companies. In an interview with CNBC International, Robinhood CEO Vlad Tenev admitted, “It is true that these are not technically equity.” But he defended the offering. “What’s important is that retail customers have an opportunity to get exposure to this asset,” Vlad said, arguing that institutional investors often use similar financial instruments. Vlad also said that Robinhood is cooperating. “Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.” On CNBC’s Squawk Box, SEC Chair Paul Atkins called the model “an innovation,” a rare bit of support even as regulatory rules remain unclear in most regions. While the legal drama builds, Robinhood is already working on what could be its next big move. The company said it’s developing an app tied to Trump’s newly signed megabill, which includes $1,000 investment accounts seeded by the government for every newborn in the country. The initiative, known as ‘Trump Accounts’, could give Robinhood access to millions of new users. It’s early, but the company said it’s already prototyping the app. Robinhood’s year has been fast and messy. The market loves the growth. But the real question is how long Robinhood can keep flying this high before regulators pull it back to earth. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
In a recent interview, Nvidia’s chief executive, Jensen Huang, cautioned that while AI could drive strong gains in workplace output, it also risks costing jobs if businesses fail to keep innovating. “If the world runs out of ideas, then productivity gains translate to job loss,” Huang told Fareed Zakaria from CNN , responding to Dario Amodei’s warnings about AI-driven unemployment. Amodei, Anthropic’s CEO, warned in June that AI might trigger a steep rise in joblessness soon. According to him, automation could wipe out one-half of white-collar entry level roles and push unemployment to roughly 20 percent over the coming 5 years. Huang argued that when companies develop new concepts, they can both boost output and create roles. But without fresh ambitions, he added, “productivity drives down,” which could mean fewer positions. He further added that the most fundamental aspect is having new ideas in society. Huang stressed the fact that as long as society has new ideas, it will grow and be productive. Investment in AI has surged, sparking a technology boom and stoking concerns about job losses. Some 41 percent of CEOs expect AI to cut staff numbers at several thousand firms in the coming 5 years, based on a survey from 2024 by Adecco. A January 2024 report from the World Economic Forum found that 41 percent of companies are planning to shrink their hiring by the year 2030 due to automation provided by AI. AI will make some jobs obsolete while creating new jobs, Huang says Huang added that AI will eventually affect everyone’s jobs. Some of these jobs may become completely obsolete, while new jobs will form. He added that he hopes that increased productivity from AI will lift industries. Nvidia reached a market value of $4 trillion and is at the forefront of the AI wave. It’s chips power data centres used by Google, Microsoft, and Amazon to run cloud operations and AI models. Defending AI’s progress, Huang noted that in the past 300 years, and through the computer age, both output and employment have risen. He said new technology helps foster “an abundance of ideas” and fresh ways of building better futures. AI is set to change how tasks are accomplished. Over half of major U.S. firms are planning to bring automation to their tasks like supplier payments and invoice processing, based on a Duke University survey. Huang admitted that AI has even altered his own role, but he still has his job. Many companies already use tools such as ChatGPT and other chatbots to accomplish tasks like writing job adverts, press statements, and marketing plans. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Donald Trump’s new 50% copper tariff, starting August 1, will fully include refined metal, according to Bloomberg. The decision, which caught most of the industry off guard, adds another layer of pressure on U.S. businesses that rely heavily on imported copper to function. Refined copper is the largest import category, and its inclusion is expected to cause ripple effects across key sectors like energy, construction, electronics, and auto manufacturing. People close to the matter confirmed the tariff’s reach, noting that semi-finished copper products will also be affected. Those include rods, tubes, and other intermediary forms essential for turning raw copper into finished goods. U.S. producers don’t make enough of either to meet current demand, which is why this move is already causing concern among manufacturers. Industry tells Trump to leave copper scrap alone Just hours after Trump’s announcement on Tuesday, his Council of Economic Advisers met with metals industry executives. They urged the president not to include export controls on copper scrap. The U.S. produces more scrap than it can use, and the excess is shipped overseas. Industry leaders argued that blocking these exports wouldn’t help the domestic shortfall, it would just create a surplus no one can process. Executives from Rio Tinto, Southwire, and Trafigura were among those who asked Trump to instead restrict the exports of ore and scrap rather than taxing imports. Their position is that focusing on outbound shipments would be more effective in protecting domestic supply. The U.S. imported 908,000 metric tons of refined copper last year. It’s defined as copper with more than 99.993% purity, and it’s what fabricators rely on to make alloys, rods, and wires. Southwire, the largest fabricator in North America, supplies copper for military applications including naval vessels and bases. The company declined to comment. On top of that, the U.S. also imported 800,000 tons of semi-fabricated copper and alloy products in the same year. These imports filled the gap that domestic production couldn’t cover. A March 31 filing from the Copper Development Association to the Commerce Department explained that copper semis are critical to the military-industrial supply chain. The group, speaking for 90% of domestic copper semi producers, argued that the U.S. is structurally dependent on imports. Krisztina Kalman, co-founder of consultancy MM Markets, said she believes the 50% tariff will eventually hit semi-products too. “Any disturbance in foreign supply of copper and semi-finished products could expose the U.S. to significant issues in delivering electricity,” she said. She also warned that U.S. producers don’t have the capacity to replace the lost imports. “The local fabricators will not be able to produce 800,000 tons more semi-products with current capacity, and it could take up to seven years to install new capacity.” Chile, Canada react as market braces for long-term disruption Chile, the world’s top copper producer, has not yet received formal notice of the new tariffs, but Mining Minister Aurora Williams confirmed on Thursday that her government is pushing for an exemption. “Chilean mining production, in all its gambits, has high responsibility, is highly valued and highly necessary for manufacturing in the U.S.,” she told reporters. She also stressed that Chile’s refined copper is shipped with full traceability. Canada, the second-largest supplier of copper to the U.S., responded more aggressively. Industry Minister Melanie Joly called the tariffs “illegal” and promised to “fight” them. Speaking at an event in Vancouver, she said the measures were “a direct attack against its workers.” Meanwhile, the copper market is already reacting. Analysts at Macquarie said that once tariffs kick in, U.S. consumers will begin using copper from stockpiles that were built up earlier this year. They estimate those inventories will last about nine months, giving some temporary breathing room before the real supply squeeze hits. Last year, U.S. production of refined copper from ore totaled 850,000 tons, while imports added another 810,000 tons, according to Bloomberg Intelligence. Recycling and inventory drawdowns made up the remaining 5% of the country’s copper demand. With only two active copper smelters in the U.S., about half of the semi-processed ore produced here is sent abroad; mostly to China. Rebuilding domestic capacity isn’t going to happen overnight. If refined copper is taxed but semi-fabricated products are not, analysts warn that those semi-products could flood the U.S. market instead. Alon Olsha and Richard Bourke of Bloomberg Intelligence wrote, “Without broader incentives and tariffs on semi-finished goods, import reliance will likely persist and hurt copper consumers.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
A political clash over cryptocurrency regulation is escalating in the U.S. Congress as top Democrats push back against Republican-led legislation scheduled for debate this week. House Financial Services Committee ranking member Maxine Waters and subcommittee colleague Stephen Lynch announced their intention to oppose a package of bills that Republicans plan to fast-track starting Monday. According to Waters, the proposed laws lack crucial consumer safeguards and threaten to expose the U.S. financial system to new vulnerabilities. Accusations of Favoring Industry Interests “[Republicans are] doubling down by fast-tracking a dangerous package of crypto legislation through Congress,” Waters said. She further claimed that the bills would make lawmakers “complicit in Trump’s unprecedented crypto scam,” referencing the former president’s ventures in the digital asset space. Legislative Package Includes Three Key Bills The crypto package includes the GENIUS Act, which aims to regulate payment stablecoins and has already passed the Senate. Also on the table are the CLARITY Act, which would establish digital asset market structure, and the Anti-CBDC Surveillance State Act, which seeks to block any development of a U.S. government-issued digital currency. While Republicans hold a slim House majority, it remains uncertain whether they can gather enough support to pass all three bills, particularly in the face of unified Democratic opposition. Concerns Over National Security and Oversight Lynch criticized the GOP for prioritizing crypto industry interests over consumer protection. “My Republican colleagues are eager to continue doing the bidding for the crypto industry while conveniently ignoring the vulnerabilities and opportunities for abuse that exist in crypto,” he said. Many Democrats argue the legislation would reduce oversight by shifting regulatory authority away from the Securities and Exchange Commission (SEC) and toward the Commodity Futures Trading Commission (CFTC). Trump’s Crypto Ties Complicate Debate Trump’s connections to the crypto sector are also drawing attention. Reports indicate his personal wealth has increased by roughly $620 million in recent months, driven largely by investments in crypto-related ventures, including World Liberty Financial. This firm has reportedly launched its own stablecoin, USD1, raising further questions about the intersection of political influence and crypto regulation. Senate to Take Up Market Structure Bill While the GENIUS Act is likely to reach the president’s desk soon, momentum around the CLARITY Act appears to be shifting toward the Senate. Senate Banking Committee Chair Tim Scott and Senators Cynthia Lummis and Kirsten Gillibrand are working toward a new draft of the bill with the goal of finalizing legislation by September 30. House Financial Services Committee Chair French Hill said the revised draft will be the “best” version debated since 2023. Regulatory Roles Could Shift A comprehensive market structure bill would clarify regulatory jurisdiction between the SEC and CFTC. Current drafts suggest handing more oversight to the CFTC, particularly for registering and supervising digital asset platforms. This restructuring could significantly reshape how cryptocurrencies are governed in the United States moving forward.
A prominent Bitcoin whale recently transferred 1,000 BTC to Binance, marking a significant move in the cryptocurrency market. This transaction occurred four months after the whale initially acquired the assets,