Turkey’s financial regulator has unleashed one of its most sweeping crackdowns yet on the cryptocurrency sector. Turkey’s Capital Markets Board (CMB) has reportedly blocked access to 46 crypto websites, including the second-largest global decentralized exchange, PancakeSwap. The Capital Markets Board (CMB), Turkey’s main financial watchdog, said in an official announcement that the platforms were offering “unlicensed crypto asset services” to Turkish residents—an action deemed a violation of the country’s Capital Markets Law. The list of banned entities includes a mix of crypto exchanges, trading apps, and even information-based platforms like Cryptoradar, a popular cryptocurrency price comparison site. PancakeSwap alone saw over $325.2 billion in trading volume in June, making it a major player in the decentralized finance (DeFi) ecosystem alongside Uniswap and Curve. Turkish regulators now consider the platform’s operations illegal despite its global status. The CMB did not reveal the individuals who violated the regulations. It’s also not said whether the targeted platforms had received prior warning or an opportunity to comply with local laws before the shutdown. PancakeSwap had not made a public statement at the time of this writing. This marks a radical change in Turkey’s approach to crypto services and suggests a move toward centralized control in an industry meant to be borderless and decentralized. Turkey tightens crypto oversight The move against crypto sites is part of a broader push by Turkish regulators to establish order and legal clarity in a market that has expanded rapidly but in a largely unregulated fashion. Turkey introduced new regulations aimed at curbing crimes like money laundering and terrorism financing. Under these rules, crypto platforms are required to identify and verify their users, particularly when transactions involve funds from newly unregistered wallet addresses. On the other hand, users are expected to give a transaction description of at least 20 characters for each transfer. Apart from transaction descriptions, platforms are now expected to impose holding periods on crypto withdrawals when the Travel Rule is not applicable. This includes a 48-hour delay for most withdrawals and a 72-hour delay for the first withdrawal from any newly created account. If a transaction appears suspicious or lacks proper documentation, service providers can flag it as high-risk. They may then refuse or halt the transfer or impose restrictions such as bans, limits, or account freezes on the user involved. Transactions below 15,000 lira do not have to undergo identity checks. Still, regulators have warned that those trying to split larger transfers into smaller transactions to fly under the radar may also be flagged. Turkey aligns with global crypto crackdown efforts Turkey is now the latest country to join a growing list of countries closing in on the crypto industry. Russia, Kazakhstan, Venezuela, and the Philippines have all moved to restrict access to platforms that do not have local authorization and are not meeting regulatory standards. Critics say Turkey’s move should also be interpreted as part of its broader attempts to stabilize the ailing national economy and shield ordinary citizens from scams, fraud, and highly volatile financial products. Cryptocurrency adoption in Turkey has surged recently, driven by the country’s high inflation and weakening lira. To others, crypto has become an alternative store of value and carries huge risks. In 2021, it prohibited using digital assets for payments, arguing that they created a risk to financial stability. The decision mobilized public anger and prompted legal challenges, but the ban took effect. A domestic law firm started preparing to challenge the ban in court earlier this year, indicating that the legal infrastructure for crypto in Turkey remains a work in progress. This week’s enforcement action seemed to attempt to establish a position of regulatory primacy before that legal uncertainty expands. It is unclear whether the blocked platforms can reapply or appeal their banning via a local license. In the meantime, blocked platforms remain out of reach of Turkish users unless they are accessed through VPNs or other methods, putting them at legal risk. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
On-chain data shows Shiba Inu (SHIB) has its supply more concentrated on the largest holders than other assets like Ethereum (ETH) and Pepe (PEPE). Shiba Inu Has 62% Of Its Supply Controlled By Top 10 Whales In a new post on X, the on-chain analytics firm Santiment has shared how some top coins currently compare against each other in terms of the percentage of supply held by the ten largest wallets on the respective networks. Below is a chart showing the trend in this metric for eight cryptocurrencies: Shiba Inu, Ethereum, Pepe, USDT, USDC, DAI, Chainlink (LINK), and Uniswap (UNI). As is visible in the graph, the stablecoin USDC has the lowest amount of supply concentrated on the top 10 addresses among these assets at around 27%. Chainlink and DAI come close with the metric sitting at 32% and 33%, respectively. Others like Uniswap and Ethereum, however, have a more significant part of their supply under the control of these humongous entities: 51% and 49%, respectively. One asset that particularly stands out is Shiba Inu, with a massive 62% of its supply belonging to the ten largest whales on the network. For comparison, the other memecoin on the list, Pepe, has the same metric at 39%. Generally, the centralization of supply on just a few hands isn’t a constructive sign for any cryptocurrency’s stability, as tokens signify power on the network. It’s especially relevant in the case of a proof-of-stake (PoS) asset like Ethereum. As Santiment explains, As a retail trader, it’s generally safer to hold coins with less supply held by the most elite whales. There is less risk of sudden dumps or price manipulation should an asset’s largest whales decide to exit their positions. Given this, the assets like Ethereum, Uniswap, and Shiba Inu that currently have a majority of their supply or close to it in the hands of the top 10 whales may not be in the best position right now. In some other news, the cryptocurrency market sentiment is on the verge of extreme greed, according to the Fear & Greed Index. The Fear & Greed Index is an indicator created by Alternative that inputs a few different factors to determine the investor mentality as a score lying between zero and hundred. As displayed above, the cryptocurrency Fear & Greed has a value of 73 at the moment. This corresponds to the presence of a strong sentiment of greed present among the traders. Historically, markets have often moved in the direction that goes contrary to the expectations of the crowd. The probability of a contrary move is especially strong in the extreme ends of the index. For now, the market is still outside of the extreme greed zone, but only by a couple of units. SHIB Price At the time of writing, Shiba Inu is trading around $0.0000115, up over 3% in the last seven days. Featured image from Dall-E, Alternative.me, chart from TradingView.com
PENGU eyes a breakout past $0.018 as momentum and trader interest continue rising.
Fidelity’s Bitcoin ETF has surged with $183 million in daily inflows, pushing its total Bitcoin holdings to an impressive $20.76 billion amid renewed institutional interest. Spot Bitcoin ETFs collectively reversed
While Bitcoin finishes June with a record monthly close, hovering just below $120,000, a different kind of asset is turning heads among crypto investors— MAGACOIN FINANCE . This decentralized political memecoin is gaining traction fast, leveraging cultural relevance and community-first principles to draw attention during a phase of Bitcoin consolidation. With BTC trading just under major resistance levels and short-term optimism showing signs of fatigue, traders are increasingly looking for early-stage altcoins that combine narrative strength with transparent tokenomics. MAGACOIN FINANCE is meeting that demand by offering not only meme-driven virality but also a strong ideological identity. Why MAGACOIN FINANCE Is Grabbing Trader Interest Bitcoin remains the market anchor, but its current rangebound behavior—hovering between $106,500 and $109,000—has led many to look elsewhere for growth catalysts. As 97% of BTC supply sits in profit, profit-taking and increased volatility are likely. This has opened a window for tokens that aren’t dependent on macro catalysts. MAGACOIN FINANCE is thriving in that gap, driven by: A grassroots political theme that resonates with today’s crypto-savvy, ideologically driven investor A fixed supply and zero-tax structure that encourages clean trading and long-term holding Increasing market visibility via Telegram growth, Twitter engagement, and early analyst coverage A community-based roadmap that emphasizes decentralized control over VC-backed influence Rather than react to market cycles, MAGACOIN FINANCE is building a brand—one that blends humor, resistance, and decentralized ideals into one package. Not Just a Meme Coin—A Cultural Statement MAGACOIN FINANCE separates itself from other memecoins through purpose. It’s not just a token chasing virality—it’s a political and cultural statement against centralization and gatekeeping in both traditional finance and blockchain governance. That positioning places it alongside community-aligned projects like Cardano and Ethereum in philosophy, while operating in the meme-layer ecosystem popularized by Dogecoin and SHIBA INU. It bridges these two worlds: the entertainment value of memes and the conviction of decentralized movements. This hybrid identity is fueling a sense of belonging among holders who view crypto not just as a market—but as a movement. Why Market Analysts Are Watching Closely With Bitcoin dominance still high and many top altcoins consolidating, attention is turning to tokens that show organic growth. MAGACOIN FINANCE has already crossed key traction milestones, including: Over 20,000 active community members across platforms Inclusion in early “watchlist” articles by altcoin analysts Strong participation from politically engaged investor segments Rumors of exchange readiness and upcoming feature rollouts As Bitcoin prepares for potentially volatile July sessions and macro conditions fluctuate around U.S. Federal Reserve decisions, many believe the cultural layer of crypto could lead the next wave of rotation. MAGACOIN FINANCE is positioned as a leading candidate. The Bottom Line: MAGACOIN FINANCE Taps Into 2025’s Meme-Political Wave Bitcoin may be holding its ground just below a psychological milestone, but MAGACOIN FINANCE is moving differently. It’s not waiting for ETF headlines or macro decisions—it’s building a decentralized brand powered by meme culture and political relevance. For investors seeking the next wave of crypto identity projects—where culture, narrative, and ownership align—MAGACOIN FINANCE is emerging as a frontrunner. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: While Bitcoin Hovers Below $120K, MAGACOIN FINANCE Near $0.00010425 Gains Buyers As Optimism Weakens
The Trump-linked World Liberty Financial has proposed making its WLFI token tradable to enhance community participation and access. Approval of the Proposal Would Make WLFI Transferable World Liberty Financial, the decentralized finance (DeFi) company associated with the Trump family, has officially floated a proposal to make its WLFI token tradable. The DeFi company asserts that
On July 5, former President Trump confirmed the signing of several trade-related letters addressed to international partners. These communications are scheduled for dispatch on Monday, reflecting ongoing diplomatic engagements. To
According to recent data from Coinglass dated July 5, the crypto market witnessed significant movements in spot fund flows. USDC experienced a substantial net inflow of $62.92 million, highlighting increased
Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 range at the time of writing. Although the digital asset remains down 19% on a year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, crypto trader Merlijn The Trader noted that Ethereum appears to be following the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by parabolic price action. Related Reading: Ethereum Breakout Imminent? Broadening Wedge Hints At $4,200 Surge In the Wyckoff accumulation pattern, the ‘creek’ represents overhead resistance where price struggles to break higher, while the ‘spring’ is a false breakdown below support, meant to trap bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked by a sharp recovery and breakout above resistance, signaling the start of a new bullish trend. The analyst shared the following Ethereum daily chart, which shows the cryptocurrency on the verge of a potential breakout, with its next major resistance at the $3,700 level. A successful breakout and retest of this level could set the stage for a new all-time high (ATH). Fellow crypto analyst Crypto GEMs also pointed toward Ethereum getting ready for a significant move to the upside. The analyst shared the following chart which compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 2024 performance, it could break above the $3,000 mark in the near term. However, not all analysts share this bullish outlook. For instance, noted crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset trading within a rising wedge pattern. He cautioned that unless ETH breaks out of this formation, it may face a drop to $2,200. To explain, a rising wedge pattern is a bearish chart formation where price moves upward within converging trendlines, indicating weakening bullish momentum. It often signals an upcoming breakdown, as buyers lose control and sellers push the price lower after the wedge is breached. ETH Network Sees Renewed Activity In a separate X post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum are nearing ATH level for the first time since 2021. Typically, heightened network activity tends to precede major price movements. Analyst Crypto Rover echoed this view, noting that active addresses across the Ethereum network have hit a new all-time high. They added that ETH below $3,000 is “an absolute steal.” Related Reading: Ethereum Flashes Golden Cross On Daily Chart – Is A New ATH Within Reach? Meanwhile, Ethereum liquid staking is also inching toward historic levels, with 35.5 million ETH now locked. At press time, ETH trades at $2,522, down 3.8% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com
The crypto space is preparing for a busy Q3, with the Tron (TRX) market outlook and SUI price movement creating a mix of opinions among both traders and long-term holders. Tron’s steady rise in USDT volume and SUI’s reaction to its big token unlock show how fast the market can change and why picking the right project could make all the difference. While both tokens continue to make an impact, BlockDAG (BDAG) is drawing attention through major figures and its upcoming BlockDAG GLOBAL LAUNCH release. With over $330 million raised, 23.6 billion coins sold, and the presale now in batch 29 at $0.0276, BlockDAG is offering a unique chance to buy in at just $0.0016 until August 11. This price, supported by full audits and growing mining support, places BlockDAG among the top choices in the best crypto coins for 2025 category. Tron Growth Sparks Discussion on Long-Term Strength The Tron (TRX) market outlook is gaining momentum, supported by its role in decentralised media and strong alliances. Its recent spike in USDT transactions has stood out during a market dip, showing stable usage. Tron continues to attract developers who value fast, low-cost transfers. Its system backs stablecoin activity and DeFi projects, which gives it practical use. Still, some concerns remain about how decentralised Tron really is and how it will handle bigger demand in the future. Questions about governance and scaling continue, yet Tron keeps showing signs that it may have more growth ahead. SUI Faces Pressure Post-Unlock but Shows Developer Appeal The SUI price movement has shifted after its recent $164 million token unlock, which brought negative pressure. Even so, SUI’s Layer 1 setup focused on speed and cost is keeping developer interest strong. It handles smart contracts and on-chain assets easily, which could help build out its platform. However, rising competition and market changes present challenges. SUI’s next steps depend on how well it manages its token system and earns continued support from its community and builders. BlockDAG Sets Stage With $0.0016 Entry and Growing User Base The BlockDAG GLOBAL LAUNCH release is putting the project in a different category from other rising coins. It’s now giving early access to one of the lowest prices offered since the first batch. With more than $330 million raised, 23.6 billion coins sold, and current pricing at batch 29’s $0.0276, the project is moving fast. Right now, a limited-time offer allows users to grab BDAG at just $0.0016 until August 11. This pricing is one of the lowest seen since batch 1 and is aimed at bringing in more users before the official launch begins. More than just a low entry point, BlockDAG is building trust through audits from Halborn and CertiK. These checks confirm the system is prepared for future expansion and focused on long-term strength. The project is not only looking at short-term growth but also shaping a stable foundation. Along with solid pricing and security, BlockDAG shows signs of real activity. Over 18,300 miners have been sold, and the X1 Mining App is helping grow its user network. These tools are already working in the market. For those following the Tron (TRX) market outlook or watching the SUI price movement, BlockDAG’s security features, strong presale numbers, and the upcoming BlockDAG GLOBAL LAUNCH release make it one to keep an eye on. It’s now gaining attention as one of the best crypto coins for 2025. Quick Take: Tron, SUI, and BlockDAG on the Radar The Tron (TRX) market outlook shows steady signs, backed by strong USDT activity. Still, some questions remain about its ability to scale and its governance structure, which may shape where Tron heads next. The SUI price movement shifted after a large token unlock changed short-term expectations. But its flexible Layer 1 design keeps builders interested, and it still holds value in the current space. BlockDAG, meanwhile, is drawing attention through its BlockDAG GLOBAL LAUNCH release, offering a rare $0.0016 entry until August 11. This price sits far below batch 29’s $0.0276. With a $330 million presale, audits from top firms, and a rising number of miners, BlockDAG is positioning itself among the best crypto coins for 2025 . For those acting early, this could be the moment that makes the difference. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Crypto Watch: BlockDAG’s $0.0016 Entry Turns Heads While Tron and SUI Stay in Play appeared first on TheCoinrise.com .