Data shows XRP and Ethereum top the Funding Rate charts among the major cryptocurrencies, a sign of growing demand for long positions. XRP & Ethereum Funding Rates Have Turned Sharply Positive In a new post on X, the on-chain analytics firm Glassnode has discussed about how the top cryptocurrencies by market cap currently compare in terms of the Funding Rate . The Funding Rate refers to an indicator that keeps track of the amount of periodic fees that the investors on the perpetual futures market are paying each other on the various centralized exchanges. When the value of this metric is positive, it means the long investors are paying a premium to the short ones in order to hold onto their positions. Such a trend suggests the presence of a bullish bias in the derivatives market. On the other hand, the indicator being under the zero mark implies the short positions outweigh the long ones and a bearish sentiment is shared by the majority of the traders. Now, here is the table shared by Glassnode that shows the current Funding Rate for the major assets in the sector: As is visible above, all of these assets except for one have their Funding Rate above the 0% level. For many, however, the metric still has only a small value, meaning that the sentiment tends more or less neutral. Among the coins with a long bias, XRP and Ethereum particularly stand out, with the metric sitting at 0.093% and 0.083%, respectively. For comparison, the coin with the third highest Funding Rate, Tron (TRX), stands at 0.0052%. The change to this highly positive sentiment has come for the two coins as on-chain metrics have been giving indefinite signals. The Supply in Profit is at 79.5% for XRP and 64.7% for ETH. This means while the majority of the supply is in the green, the distribution isn’t as extreme as for Bitcoin (98.4%) or Tron (96.6%). Both of the cryptocurrencies have noted a decline in Daily Active Addresses , which measures the daily number of addresses taking part in transfer activity on the network. The metric is down 11.4% for ETH and 34.3% for XRP. While active users themselves have become fewer, it would appear that those who are left have ramped up activity, as the On-Chain Volume is up by 74.5% for the former and 637.3% for the latter. Despite the mixed conditions, futures market users are putting on bullish bets. “This signals growing demand for long exposure, even as on-chain activity and sentiment remain mixed,” notes the analytics firm. XRP Price At the time of writing, XRP is trading around $2.21, up almost 9% in the last week.
Backed Finance has announced the launch of xStocks, a new platform offering over 60 tokenized stocks, now live on Bybit, Kraken, and Solana DeFi. This initiative aims to bridge the gap between traditional finance and decentralized finance (DeFi), allowing users to trade well-known equities such as Apple, Amazon, and Microsoft in a blockchain environment. The
This optimistic outlook is a jump from the previous 90% estimate and means that there is growing confidence in the broader acceptance of crypto investment products. In addition to these altcoins, a basket ETF composed of multiple crypto assets is also expected to be approved soon. Meanwhile, the US is set to launch its first-ever staked crypto ETF—the REX-Osprey Solana and Staking ETF—this week. It will offer exposure to spot Solana with staking rewards. Solana’s price jumped on the news, and its DeFi ecosystem continues to outpace Ethereum in DEX volume. At the same time, crypto ETPs saw $2.7 billion in inflows last week, bringing the H1 total to $17.8 billion. Bitcoin ETPs led the charge, while XRP also showed strong momentum despite still pending US ETF approval. CoinShares data showed that BlackRock dominated issuer inflows. Good Approval Odds for Solana, XRP and LTC ETFs Analysts at Bloomberg raised the odds of approval for several highly anticipated crypto exchange-traded funds (ETFs). They now forecast a 95% chance that the US Securities and Exchange Commission (SEC) will greenlight spot ETFs for Solana, XRP, and Litecoin by the end of the year. This is an increase from the previous 90% estimate, which means that there is growing optimism in the ETF research community that other crypto investment products will soon be available to US investors. The update came from Bloomberg ETF analysts Eric Balchunas and James Seyffart, who said in a post on X that they expect a ”wave of new ETFs” in the second half of 2025. Alongside individual altcoins, they also predict a 95% approval likelihood for a spot ETF based on a basket or index of crypto assets—potentially arriving as early as this week. Other altcoins like Dogecoin, Cardano, Polkadot, Hedera, and Avalanche also received a bullish 90% approval forecast, with their decisions expected in the fourth quarter. However, analysts assigned more cautious odds to ETFs based on Sui and Tron, estimating their chances at 60% and 50%, respectively. Unfortunately, the SEC continues to drag its feet on Ethereum-related products. On Monday, it postponed its decision on whether the Bitwise spot Ether ETF would be allowed to include staking. The regulator also delayed a separate ruling on the approval of the Osprey Bitcoin Trust for listing and trading. This proves that there is still some caution and regulatory hesitancy around certain crypto investment structures. First US Staked Crypto ETF Launches This Week Despite its delays with ETH products, the United States is still about to see the launch of its first-ever staked crypto ETF. Scheduled for debut on Wednesday, the REX-Osprey Solana and Staking ETF will provide investors with direct exposure to spot Solana (SOL) while also offering the opportunity to earn yield through staking. This unique combination is seen as a potential catalyst for even more institutional involvement in crypto investment products. The ETF's issuer, REX Shares, confirmed the launch just days after early reports hinted at its imminent arrival. The product is turning heads not only for being the first staked crypto ETF in the U., but also for navigating the very complex regulatory landscape. Initially, the SEC expressed concerns about the ETF’s C-Corporation structure, and suggested that it conflicted with existing ETF rules. However, after REX submitted an updated prospectus and made key adjustments, the SEC provided positive feedback, which then allowed the product to move forward. This development followed a May ruling by the SEC affirming that staking does not violate existing securities laws, although the agency still delayed decisions on other staking-related ETFs and altcoin funds. The REX-Osprey ETF could therefore serve as a benchmark for future products seeking similar structures. On the day of the ETF announcement, Solana’s price saw a good boost by climbing 6% to around $158 and pushing its seven-day gain to over 12%. Despite the upward momentum, SOL is still 48% below its all-time high from January. Still, with a market cap of $83.5 billion, Solana is now the sixth-largest cryptocurrency by valuation. SOL’s price action over the past week (Source: CoinMarketCap ) Solana's rising prominence is also reflected in its performance in the decentralized exchange (DEX) space. Recent data shows that Solana-based DEX volumes surpassed those of Ethereum, with platforms like Raydium, Pump.fun, and Orca leading the charge. This surge in DeFi activity, combined with the launch of a staking-enabled ETF, sheds some light on Solana’s growing influence in the crypto ecosystem. It also suggests that a new chapter of institutional and retail engagement may be unfolding. Crypto ETP Inflows Hit $17.8 Billion in H1 2025 Overall, cryptocurrency investment products continued their impressive momentum last week, with global exchange-traded products (ETPs) attracting $2.7 billion in new inflows. This was their 11th consecutive week of positive movement. The sustained streak pushed total net inflows for the first half of 2025 to $17.8 billion, according to a new report from digital asset manager CoinShares. Although slightly lower than the $18.3 billion that was recorded during the same period in 2024, the figure represents a resilient performance despite market fluctuations. Weekly crypto flows (Source: CoinShares ) Bitcoin investment products dominated the space by contributing $14.9 billion, or close to 84% of all inflows for the year-to-date period. In just the past week, Bitcoin ETPs brought in $2.2 billion, accounting for 83% of total inflows. Ethereum ETPs followed with a more modest but still impressive $429 million in weekly inflows, bringing their half-year total to $2.9 billion, or 16.3% of all inflows so far this year. Flows per asset (Source: CoinShares ) XRP also maintained its position among the top performers by recording $10.6 million in inflows last week and $219 million for the first half of the year. XRP’s strong showing is especially major when considering that spot XRP ETFs are still pending approval in the United States. However, Canada already moved forward, and launched these products on June 18, offering investors a regulated way to get exposure to the asset. From an issuer perspective, BlackRock emerged as the clear leader after pulling in over $17 billion in inflows during the first six months of 2025. This represents 96% of all new capital entering crypto ETPs over that time period. ProShares and Fidelity trailed with $526 million and $246 million, respectively, while Grayscale Investments saw nearly $1.7 billion in net outflows. The CoinShares report came as Bitcoin experienced a slight pullback , dipping just below $108,000 after a week-long rally that took it from around $101,000 on June 23 to nearly $107,800. Despite minor corrections, the continued inflows into crypto ETPs indicate robust investor confidence in digital assets.
BitcoinWorld Algorand Foundation Announces Launch of Wormhole Native Token Transfers, Enabling Multichain Interoperability for Algorand Integration of Wormhole’s NTT standard, led by Folks Finance, unlocks seamless cross-chain token transfers and sets the stage for Algorand’s next phase of multichain growth SINGAPORE, July 1, 2025 /PRNewswire/ — The Algorand Foundation today announced the integration of Wormhole’s Native Token Transfers (NTT) standard on the Algorand blockchain. The initiative was developed in close collaboration with Folks Finance, the leading lending and liquid staking protocol on Algorand. With support for over 40 blockchains, Wormhole’s NTT standard allows Algorand to tap into one of the largest interoperability networks in crypto. This milestone makes Algorand a first-class chain in the Wormhole NTT ecosystem, enabling builders to issue and transfer tokens across chains natively, without the need for wrapped assets. The rollout lays the foundation for the upcoming FOLKS token launch and future cross-chain DeFi growth on Algorand. “This milestone future-proofs Algorand’s DeFi ecosystem,” said Robinson Burkey, co-founder of the Wormhole Foundation. “Builders now have a trusted way to launch multichain tokens that preserve the native user experience and performance of Algorand.” Key benefits of the NTT integration: Algorand developers can mint NTT-based tokens using existing standards and tools, opening new pathways for multichain liquidity and cross-ecosystem user flows. Retail users will be able to move assets directly between Algorand and other NTT-enabled chains through familiar interfaces, simplifying access to liquidity and expanding use cases for Algorand-based applications. Token issuers from other ecosystems can now deploy their assets natively on Algorand, unlocking new users, liquidity pools, and DeFi protocols, without needing to wrap or mirror their tokens. “Interoperability is key to Algorand’s long-term growth,” said Staci Warden, CEO of the Algorand Foundation. “We’re happy to support this launch alongside Folks Finance and Wormhole, and to see Algorand become a core player in the open, connected blockchain ecosystem.” This collaboration reflects close cooperation across the Algorand ecosystem: combining Folks Finance’s leadership on the integration, Wormhole Foundation’s infrastructure, and auditing and relayer contributions from xLabs. Documentation, Open Source SDKs and tooling are now available for developers looking to integrate NTT. In the coming weeks, Folks Finance and Algorand Foundation will host community activations and developer sessions to support the first wave of new NTT-powered applications on Algorand. For more information, visit the Algorand Foundation website and the Wormhole website . About Wormhole Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers, institutions, and users seamless connectivity between over 40 leading blockchain networks. The wider Wormhole network is trusted and used by teams like BlackRock, Apollo Global, VanEck, Google Cloud, Circle and Uniswap. To date, the platform has enabled over $60 billion in cross-chain volume, the most of any protocol in the world. Learn more at wormhole.com . About Folks Finance Folks Finance is a community-driven decentralized platform providing permissionless DeFi tools, cross-chain lending, borrowing, staking, and trading across multiple networks. Folks is building a DeFi platform with the security and optionality of traditional finance on a foundation of transparency and decentralization, empowered by on-chain tech. Initially, the leading DeFi protocol on Algorand, Folks has evolved into a dynamic, multichain DeFi hub, leveraging messaging layers technology for expansive growth. With its innovative hub-and-spoke model, the platform offers a seamless, intuitive user experience, abstracting the complexities of cross-chain interactions. Learn more at folks.finance . About Algorand Foundation Algorand’s mission is to power a world where information has integrity and innovative ideas can scale. The Algorand Foundation supports Algorand’s rapidly growing ecosystem by providing a best-in-class developer environment, supporting key infrastructure and setting technical standards, offering comprehensive support to builders and entrepreneurs, and providing the framework for decentralized governance. Launched in 2019, the Algorand (ALGO) blockchain has grown into a vibrant ecosystem of developers, entrepreneurs, and enterprise partners that benefit from institutional-grade certainty and resilience. Its low fees, instant finality, and minimal carbon footprint appeal to the protocol’s millions of retail users, and developers of all kinds appreciate the ability to use common programming languages like Python. Builders on Algorand are creating protocols and companies that solve important problems at a global scale: instant payments in war and disaster zones, self-sovereign identity for the disenfranchised, supply-chain traceability for global commerce, permissionless protocols addressing financial inclusion, and the creation of entirely new markets through tokenization, to name a few. To learn more, visit algorand.co . This post Algorand Foundation Announces Launch of Wormhole Native Token Transfers, Enabling Multichain Interoperability for Algorand first appeared on BitcoinWorld and is written by chainwire
TL;DR PI’s price dropped below $0.50, and a record million token unlock on July 4 could intensify selling pressure. Despite the decline, some analysts on X cite strong demand, potential accumulation by large investors, and bullish technical patterns to envision a possible breakout. Fasten Your Seat Belts Several well-known cryptocurrencies have witnessed substantial price increases over the past week. However, Pi Network’s PI is among the few in the red zone, plunging by 8% within that timeframe and currently trading well below $0.50. Moreover, certain important factors suggest that investors should prepare for volatility in the following days. According to Piscan, a major token unlock is scheduled for this week, with a record 19.2 million PI expected to be released on July 4 . This will mark the largest single-day unlock to date. The amount of freed tokens will remain high until mid-July, after which the pace is expected to slow down. PI Token Unlocks, Source: Piscan The development will allow people to sell coins they have been waiting for a long time. While it doesn’t guarantee widespread selling, it does increase the likelihood of downward price pressure. Bulls Will be Bulls The aforementioned factors might point to a further correction, but many X users remain optimistic that PI’s price could experience a major resurgence soon. The one using the moniker Woody Lightyear thinks the asset is preparing for “a big pump.” He provided a quick recap of PI’s price performance around Pi2Day (June 28), highlighting that the token had been trading around the $0.50 range. “The market maker and a few large Investors pumped and dumped a few days ago. Unexpectedly, after Pi2Day update, PI coins started flowing back from exchanges to the ecosystem for staking and other engagements. They misjudged the situation and are trying to buy back the Pi they dumped by pressing the price down to buy low. But the demand keeps increasing at the $0.5 range,” he added. For their part, MoonBitz pointed out certain bullish elements such as the formation of a double bottom holding, a wedge pattern tightening, and the launch of a Pi AI Studio to predict “a possible breakout.” The post Major Pi Network (PI) Warning for This Week: Largest Daily Unlock Scheduled for July 4th appeared first on CryptoPotato .
The meme coin market is rapidly developing. Although Shiba Inu (SHIB) and Pepe Coin (PEPE) continue to dominate the headlines, their high-flying days may have already passed. Investors who came in at the early level made fortunes, but investors who come in today may not enjoy immediate returns. That is why a new meme coin, Little Pepe (LILPEPE), is turning heads, with a projected return of 21,839% from its current price. SHIB and PEPE Growth May Be Slowing Shiba Inu rose to fame with a strong community and aggressive marketing. It added utility via ShibaSwap and its own Layer-2 network. However, despite such developments, the token price has not changed significantly over the past few months. Its huge supply also does not encourage rapid growth, more so among those new buyers who dream of making life-changing gains with small investments. Pepe Coin offered fast action and viral appeal in early 2023, quickly climbing into the top meme coins by market cap. However, after its initial surge, it has struggled to regain momentum. With no strong utility or long-term development plan, PEPE is now seen by many as a short-lived rally rather than a sustainable investment. Little Pepe Offers Something New Little Pepe (LILPEPE) takes the cultural influence of meme culture and mixes it with the practical application of blockchain. LILPEPE is built with a fast, low-fee Layer-2 network that delivers a smoother user experience. It also has plans to introduce a Meme Launchpad that will enable developers to launch their own tokens within the ecosystem directly. Its tokenomics are open to the community. The presale will consist of 26.5 percent of the total supply of 100 billion. Investors can participate with Ethereum, USDT, and even credit or debit cards, and the process is convenient to both seasoned crypto users and newbies. The token is in its third stage of presale at a price of $0.0012, having 93.57% completion. The next stage will be priced at $0.0013, showing the success of the presale. Early buyers have another reason to get excited. A $777,000 giveaway is now live, where ten winners will receive $77,000 worth of LILPEPE each. This promotion is drawing massive attention and expanding the token’s user base rapidly. Conclusion While SHIB and PEPE have already made headlines and fortunes, their potential for high returns has become limited. In contrast, Little Pepe is still in its early stages and backed by real utility, strong community features, and viral momentum. With price predictions pointing to a possible 21,839% return from current levels, LILPEPE could be the breakout story of 2025. Those who act early may secure life-changing gains while the rest of the market catches up. For More Details About Little PEPE, Visit The Below Link: Website: https://littlepepe.com Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.