Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move above the $0.5925 zone. ADA price started a fresh increase from the $0.5650 support zone. The price is trading above $0.5750 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.5760 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase it clears the $0.600 zone. Cardano Price Eyes Upside Break In the past few sessions, Cardano saw a decent upward move from the $0.5650 zone, like Bitcoin and Ethereum . ADA was able to recover above the $0.5750 and $0.580 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.6107 swing high to the $0.5630 low. Besides, there was a break above a key bearish trend line with resistance at $0.5760 on the hourly chart of the ADA/USD pair. Cardano price is now trading above $0.5750 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.5925 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.6107 swing high to the $0.5630 low. The first resistance is near $0.60. The next key resistance might be $0.620. If there is a close above the $0.620 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.650 region. Any more gains might call for a move toward $0.6650 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.5920 resistance level, it could start another decline. Immediate support on the downside is near the $0.5850 level and the 100 hourly SMA. The next major support is near the $0.5650 level. A downside break below the $0.5650 level could open the doors for a test of $0.5450. The next major support is near the $0.5320 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.5850 and $0.5650. Major Resistance Levels – $0.5920 and $0.6000.
Elon Musk said that his new party would embrace Bitcoin because “fiat is hopeless,” in a post on X when asked by user ‘Renato Lima’ on Monday. His latest mention of Bitcoin has been viewed by analysts and commentators as warming up to the asset again. “You were the first to break Elon’s long silence on Bitcoin,” said one user. The America Party is the solution https://t.co/KryqdEcqIU — Elon Musk (@elonmusk) July 6, 2025 Enter The America Party “The America Party is needed to fight the Republican/Democrat Uniparty,” Musk said on X on Sunday evening. Elon Musk announced the creation of his new political party on July 5, following through on his promise to start a third one if Donald Trump’s “Big Beautiful Bill” passed. Musk is a vocal critic of the policy bill, arguing that it will “cause immense strategic harm” to America on account of the trillions of dollars it is projected to add to the country’s already gargantuan national debt. “When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy,” he said on Saturday. By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom. https://t.co/9K8AD04QQN — Elon Musk (@elonmusk) July 5, 2025 The former close ally of Trump parted ways with the US president in early June in a very public ending of the ‘bromance’ that sent crypto markets into freefall. Musk’s new strategy plans to “laser-focus on just two or three Senate seats and eight to ten House districts” to gain decisive influence over “contentious” legislation, leveraging “razor-thin legislative margins” to serve as the deciding vote. Musk endorsed a platform that would reduce debt through responsible spending, modernize the military with AI and robotics, foster AI development, reduce regulation in the energy sector, and advocate free speech. Musk’s new party was officially registered with the Federal Election Commission (FEC) on July 6 under the ‘America Party (AMEP).’ The America Party is needed to fight the Republican/Democrat Uniparty https://t.co/fEqDuddOoI — Elon Musk (@elonmusk) July 6, 2025 Bitcoin Price Reacts Bitcoin prices reacted with a 1.5% gain, climbing from $108,000 to top $109,550 in an intraday high during early trading in Asia on Monday morning. The asset had retreated slightly at the time of writing but was still hovering above $109,000, just 2.2% away from its all-time high. This week’s trade tariff deadline on July 9 could also be pivotal for Bitcoin, which could reach a new peak if tariffs are postponed or major deals are made . The post Elon Musk’s New Political Party Will Embrace Bitcoin appeared first on CryptoPotato .
Mercado Bitcoin, one of Latin America’s leading crypto exchanges, announced it will tokenize $200 million in RWAs on the XRP Ledger. Boston Consulting Group estimates that the tokenized RWA market could hit $19 trillion by 2033.Meanwhile, Hong Kong is expanding its tokenized green bond program and refining its digital asset framework, including new rules for stablecoins and digital asset platforms. In the US, Robinhood’s plan to tokenize equities via its new Ethereum-compatible blockchain could disrupt Wall Street by moving trading on-chain and extending market access to 24/7. Latin American Exchange Joins Tokenization Wave Mercado Bitcoin, one of Latin America’s largest cryptocurrency exchanges, announced on Friday that it will tokenize $200 million worth of real-world assets (RWAs) on the XRP Ledger (XRPL). According to a joint announcement with Ripple, the tokenized assets will include a mix of fixed-income and equity financial instruments. This initiative is part of the trend in the crypto and financial sectors to digitize traditional assets through blockchain technology, despite ongoing regulatory uncertainty. Press release from Ripple A report by Boston Consulting Group and Ripple projected that the tokenized RWA market could reach a staggering $19 trillion in market capitalization by 2033, thanks to the strong institutional interest in the space. The move by Mercado Bitcoin comes at a time when crypto firms and asset managers are calling for clearer regulatory frameworks, particularly in the United States, to support the growth of tokenized equities and other digital representations of traditional financial assets. RWA tokenization market overview (Source: RWA.xyz ) On the same day, Ondo Finance, a decentralized finance (DeFi) platform, acquired Oasis Pro , a US-regulated alternative trading system. The goal of the acquisition is to strengthen Ondo's foothold in the RWA space by leveraging Oasis Pro's ability to settle digital securities in both fiat currency and stablecoins. Meanwhile, Centrifuge , a blockchain company specializing in RWAs, unveiled plans to tokenize the S&P 500 stock index, which could bring a major benchmark of the US equity market onto the blockchain. Earlier this year, BlackRock CEO Larry Fink even urged the US Securities and Exchange Commission (SEC) to authorize the tokenization of stocks and bonds. However, there are still some major regulatory challenges in the way. John Murillo, chief business officer at B2BROKER, warned that tokenized equity instruments currently exist in a regulatory grey area. Unlike traditional stocks, they may not offer direct claims on company assets, voting rights, or access to internal financial disclosures. He advised investors to thoroughly examine the specific terms of any tokenized RWA they consider, and pay very close attention to potential cash flows, dividend rights, legal protections, and smart contract-related risks. Hong Kong Expands Tokenized Bond Strategy Hong Kong is also moving to expand its tokenized bond program with a third batch of tokenized green bonds. This could mean that the government is planning to make such offerings a permanent part of its debt issuance strategy. At the Hong Kong Digital Finance Awards 2025, Secretary for Financial Services and the Treasury Christopher Hui pointed out that the upcoming tokenized bond sale builds on the momentum of two successful issuances in 2023 and 2024. These bonds were recorded and settled by using distributed ledger technology, and authorities are now exploring measures like stamp duty exemptions on tokenized exchange-traded funds to further incentivize adoption. This initiative is part of Hong Kong’s broader digital asset push, as laid out in its newly released Digital Asset Development Policy Declaration 2.0. The government’s updated strategy places a lot of emphasis on the regulation of stablecoins and the promotion of asset tokenization under its “LEAP” framework , which focuses on legal clarity, ecosystem development, real-world use cases, and talent cultivation. As part of this plan, a licensing regime for stablecoin issuers will go into effect on August 1, to help encourage practical adoption of tokenized solutions. Hong Kong’s ‘LEAP’ framework At the same time, public consultations are underway for proposed licensing regulations governing digital asset trading platforms and custodians, with the consultation period set to close by the end of August. Additionally, Hong Kong Exchanges and Clearing (HKEX) launched the city's first digital asset indexes, offering institutional investors benchmark pricing for Bitcoin and Ethereum during Asian trading hours. To help boost its digital finance ambitions even more, Hong Kong’s financial authorities recently announced plans to introduce digital asset derivatives trading targeted at professional investors. This follows a wave of regulatory progress, including the approval of spot cryptocurrency ETFs, futures contracts, and staking services. In April, licensed exchange HashKey was also cleared to offer staking . To add to this, the region’s Legislative Council passed the Stablecoin Bill in May. This laid the regulatory foundation for a secure and structured environment for digital assets and Web3 innovation. Tokenized Stocks Could Disrupt Wall Street Robinhood’s plan to tokenize stocks through a new Ethereum-compatible blockchain, known as Robinhood Chain, could disrupt traditional financial markets by shifting trading activity away from legacy exchanges like the NYSE. At the EthCC conference, CEO Vlad Tenev introduced the project as a layer 2 blockchain built on Arbitrum Orbit that will allow users to trade tokenized derivatives of stocks directly on-chain. The goal of this initiative is to provide near-instant settlement and extend trading hours to 24/5 initially, with plans for 24/7 trading in the future. By minting token wrappers tied to real equities held by a US broker-dealer, Robinhood will enable users to self-custody their assets or interact with decentralized applications. Galaxy Digital shared in a report released Friday that Robinhood’s move brings assets on-chain, bypassing traditional markets and potentially undermining the liquidity dominance and revenue models of centralized exchanges. The architecture of Robinhood Chain resembles Coinbase’s Base, as it allows the company to control its own sequencer and capture transaction fees across its trading ecosystem. Galaxy estimates that Base earns over $150,000 in daily fees for Coinbase, a model Robinhood may replicate. (Source: Galaxy Digital ) The benefits of tokenization extend beyond just expanded trading hours. Programmable assets could be used as collateral in DeFi applications or automate dividends. Galaxy warned that if established exchanges fail to adapt, they could be reduced to custodians of a less functional version of the same assets, losing relevance as traders migrate to more versatile blockchain-based platforms. However, the model is not without challenges. Around-the-clock trading could increase volatility risks for retail investors by exposing them to unexpected price swings outside standard market hours. Regulatory uncertainty is another obstacle, as the SEC has yet to weigh in on Robinhood’s approach. Currently, access to tokenized stock trading is limited to users in the European Union. Meanwhile, the Securities Industry and Financial Markets Association (SIFMA) has already urged the SEC to reject trading of tokenized equities outside the current Regulation NMS framework.
Ethereum co-founder Vitalik Buterin has introduced a series of proposals aimed at reinforcing the network’s long-term stability and decentralization. Speaking at the Ethereum Community Conference in Cannes, Buterin emphasized the need for Ethereum and the broader crypto industry to adopt more practical, user-focused safeguards. He also co-authored a new technical proposal, EIP-7983, that would place a protocol-level cap on gas usage for individual transactions to enhance security and compatibility with future technologies. Vitalik Buterin Proposes Ethereum Gas Cap to Boost Network Security and zkVM Compatibility Ethereum co-founder Vitalik Buterin and Ethereum researcher Toni Wahrstätter have introduced a new proposal aimed at fortifying the Ethereum network's resilience and performance by placing a hard cap on the gas consumption of individual transactions. Known as Ethereum Improvement Proposal 7983 (EIP-7983), the change would set a protocol-level gas ceiling of 16.77 million units (2²⁴) per transaction, a move that could significantly reduce the network’s vulnerability to denial-of-service (DoS) attacks and make it more compatible with emerging technologies like zero-knowledge virtual machines (zkVMs). Currently, Ethereum’s architecture technically allows a single transaction to consume the entire block gas limit — a loophole that presents serious risks to network stability. This has been particularly problematic in scenarios where one transaction monopolizes gas resources, leading to failed transactions and inconsistent block performance. EIP-7983 seeks to mitigate this issue by enforcing a per-transaction gas limit, effectively distributing the gas load across multiple transactions and reducing the risk of a single operation jamming the pipeline. The proposed 16.77 million gas ceiling was selected to support even the most demanding smart contract deployments and DeFi interactions while discouraging inefficient or potentially malicious activity. “By implementing this limit, Ethereum can enhance its resilience against certain DoS vectors, improve network stability, and provide more predictability to transaction processing costs,” the proposal states. Enhancing zkVM Compatibility Beyond the security implications, the gas cap is also aimed at streamlining Ethereum’s compatibility with zero-knowledge virtual machines, or zkVMs. These next-generation computational models are expected to become a cornerstone of Ethereum scaling and privacy solutions. However, zkVMs currently struggle with processing extremely large transactions due to their architecture, which breaks computations into smaller proofs. By encouraging developers to split gas-intensive transactions into smaller, modular ones, EIP-7983 would make Ethereum more accommodating to zkVMs, potentially accelerating their mainstream adoption. Despite setting a hard cap, the proposal notes that the vast majority of transactions on the Ethereum network already operate well below the proposed threshold. As such, the authors argue that the change would have minimal impact on day-to-day users and developers. However, transactions that do exceed the cap would be rejected outright during block validation. This means that any attempt to exceed the 16.77 million gas limit would be invalidated before inclusion in a block, ensuring the new rule is strictly enforced. The cap itself is distinct from the total block gas limit — a parameter still controlled by validators and miners within the consensus protocol — and is not intended to replace it. EIP-7983 is not an isolated initiative. It follows earlier efforts like EIP-7825, which aimed to improve the predictability of transaction execution. These proposals are part of a broader philosophical shift led by Buterin, who has increasingly advocated for simplifying Ethereum’s base-layer architecture. In a May blog post, Buterin argued that Ethereum had grown too complex, which in turn was creating development bottlenecks and security liabilities. Inspired by Bitcoin’s minimalist philosophy, he outlined a vision for restructuring Ethereum across its consensus, execution, and shared components with the goal of creating a leaner and more robust protocol over the next five years. The Future of Ethereum: Identity, Scaling, and Security Buterin’s vision for Ethereum goes far beyond transaction mechanics. In recent months, he has unveiled a host of forward-looking ideas — from partially stateless nodes that could support better scaling, to a digital identity framework called ”pluralistic identity,” which is designed to balance user privacy with verifiable participation in digital systems. The overarching narrative is clear: Buterin wants to ensure Ethereum remains adaptable and scalable while reducing systemic risks and increasing usability. EIP-7983 is yet another brick in that wall — a targeted upgrade aimed at aligning Ethereum with the future demands of a decentralized internet. Whether EIP-7983 gains community support and ultimately becomes part of a future hard fork remains to be seen. But with the growing complexity of Ethereum's ecosystem and the ever-present threat of DoS attacks, the proposal shows the importance of keeping the network resilient, secure, and efficient in the face of exponential growth. Buterin Warns Ethereum Community: Grow Up or Risk Becoming Irrelevant Meanwhile, in a keynote address that resonated like a wake-up call, Buterin urged the crypto industry to ”grow up fast” or risk becoming just another overhyped fad. Speaking to a packed audience at the Ethereum Community Conference (EthCC) , Buterin outlined a stark reality: decentralization must stop being a marketing slogan and start being a provable user guarantee — or face obsolescence. As Ethereum recently celebrated its 10-year anniversary, Buterin’s remarks struck a balance between concern and constructive criticism. He emphasized that the crypto sector stands at an inflection point, where its founding ideals are being tested against the pressures of mass adoption, political endorsement, and increasingly complex technical systems. Back to Basics: Trust, Resilience, and Simplicity Buterin called for a return to Ethereum's core principles — decentralization, trust minimization, and user sovereignty. He warned that too many projects are building systems that fail the very tests that matter. He then laid out a trio of tests that every crypto project should aim to pass if it wants to be truly decentralized: The Walk-Away Test — If the founding company disappears tomorrow, will users still have access to their assets? The Insider Attack Test — How much damage can be done if an insider goes rogue or a front-end is compromised? The Trusted Computing Base Test — How many lines of code must users blindly trust to ensure their funds or data remain safe? These tests aren’t just theoretical metrics. Buterin pointed out that many layer-2 networks, DeFi apps, and so-called decentralized front-ends secretly rely on central points of failure — including backdoors, upgrade buttons, or weak user interfaces that could be hijacked. Buterin didn’t spare even the most hyped sectors of crypto, like zero-knowledge (ZK) solutions and privacy-focused apps. He argued that privacy must evolve from an optional feature to a default setting — something that reduces data leakage automatically rather than relying on user behavior. This line of thought echoes Buterin’s growing emphasis on Ethereum becoming a simpler, more robust system. Ethereum’s Next 10 Years — or Its Last? The urgency in Buterin’s tone wasn’t just for show. With alternative blockchains nipping at Ethereum’s heels — offering faster speeds, lower fees, and often simpler user experiences — the pressure to evolve is mounting. If Ethereum fails to simplify its design, secure its base layer, and deliver real user protections, Buterin warned, it could fade into irrelevance. In a world where governments are crafting crypto regulations, major corporations are jumping into the blockchain space, and digital identity is becoming a battleground, Ethereum’s next moves may define not just its own future, but the future of decentralized tech as a whole. Buterin’s message was clear: maturity isn’t about abandoning ideals — it’s about finally living up to them.
Asian stock markets dipped on Monday as investors tried to understand Washington’s mixed signals about delaying planned UUS tariffs. Meanwhile, oil slid after OPEC and its allies agreed to boost crude output beyond expectations. In Asia, Tokyo’s Nikkei slipped 0.5%, while South Korea’s main index held flat. MSCI’s broad measure of Asia-Pacific shares outside Japan slid 0.6%, and China’s CSI 300 lost 0.5%. In Europe, futures for the EURO STOXX 50 fell 0.1%, FTSE futures dipped 0.2%, and DAX contracts were largely unchanged. U.S. President Donald Trump said on Sunday that his administration is nearing completion of multiple trade deals and will send notices about higher tariffs by July 9, with the new duties set to begin on August 1. According to Reuters , the announcement left markets uncertain because officials gave few specifics on which countries would see the deadline shift. In April, the president also said some tariffs could climb as high as 60% or 70% and threatened an extra 10% tariff on any country he felt sided with the BRICS group’s “anti-American policies.” So far, few formal agreements have been made, leaving analysts to suspect the August 1 deadline would slip further. Furthermore, confusion remains over whether the change applies to all partners or only select ones. Markets have grown accustomed to the unpredictability of U.S. trade policy and its potential effects on growth and prices. Those concerns have also held the Federal Reserve back from cutting rates. The Reserve Bank of Australia meets on Tuesday. Most experts expect it to cut the main interest rate by 0.25% to 3.60%. That would be the third cut in this cycle, and markets think rates could drop as low as 2.85% or stay near 3.10%. The Reserve Bank of New Zealand is set to announce its decision on Wednesday. New Zealand’s policy rate currently stands at 3.25% after cuts totaling 225 basis points over the last year, and most forecasters predict it will hold steady. Gold dips despite weekly gain while oil prices weaken In commodity markets, gold eased 0.3% to $3,324 an ounce, despite a nearly 2% gain last week as the dollar softened. Oil prices fell further after OPEC and its partners, collectively known as OPEC+, agreed on Saturday to raise production by 548,000 barrels per day in August. The group also flagged a similar increase in September, a move seen as aimed at squeezing higher-cost U.S. shale producers. “We see OPEC+ targeting Brent oil futures around $60–65 per barrel as a result,” said Vivek Dhar, an analyst at Commonwealth Bank of Australia. Such a range would challenge the viability of some U.S. shale operations and curb non-OPEC+ supply growth. By Monday’s close, Brent traded lower by 52 cents at $67.78 per barrel, and U.S. crude fell down $1.01 at $65.99 a barrel. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
On July 7, former President Trump announced on the Truth platform that any nation aligning with the BRICS coalition’s anti-American stance will face an additional 10% tariff. This declaration underscores
Ethereum investors are increasingly moving their holdings to exchanges, sparking debate over whether this signals an impending price crash or a setup for a bullish rally. Recent on-chain data shows
Tesla CEO Elon Musk announced his new political party, describing the US's national debt burden of over $37 trillion as “a disaster that will lead the country to bankruptcy.” With this formation, which he called the “America Party”, Musk also declared a clear separation from his old friend and re-elected president last year, Donald Trump. The developments brought with them the expectation of a big rise in the cryptocurrency market, especially for Bitcoin. Speaking at the Bitcoin Conference in Las Vegas, financial commentator Lyn Alden drew attention to the dramatic increase in the US budget deficit, using the phrase “Nothing stops this train” in reference to the Breaking Bad series. Alden said that $2 trillion more will be added to the US debt in 2024 alone. Musk has been harshly critical of Trump’s new mega-economic bill, which he calls the “One Big Beautiful Bill.” The bill will increase the debt ceiling by $5 trillion and add an additional $3 trillion in debt to the country. Musk lashed out at Trump in his post on the X platform, saying, “This is going to bankrupt the country.” Musk also argued that Trump and the Republicans have failed to keep their promises of “cutting spending” in their election promises last year. Related News: The Altcoin That Earned the Most Decentralized Application Revenue in the Last Three Months Has Been Revealed - It Made a Big Difference Musk’s move and the increasing financial expansion in the US have created excitement in the crypto market. Unity Wallet COO James Toledano commented, “The government printing so much money is weakening the dollar while strengthening Bitcoin’s ‘digital gold’ status.” Crypto investor Lark Davis reminded that Bitcoin usually makes double-digit gains after such huge spending bills, saying, “When Trump signed another huge spending bill at the end of 2020, Bitcoin rose by 38%. If the same pattern repeats, the BTC price could hit $150,000. Because nothing can stop this train.” “All In Podcast” host David Friedberg summarizes the picture as follows: “We are facing a financial emergency in this country, and no one is trying to solve it.” Rapidly rising interest rates following major stimulus packages during the pandemic are making it even more difficult to finance the US’s debt, which has reached $37 trillion. While the increasing public spending and borrowing trend in the US creates uncertainty in financial markets, many investors are turning their eyes back to limited-supply digital assets like Bitcoin. Elon Musk’s new political formation, the “America Party,” shows that this financial turmoil will have not only political but also economic consequences. *This is not investment advice. Continue Reading: Elon Musk Founded His Own Political Party in the US – What Does This Mean for Bitcoin (BTC) and How Will It Affect It?
Dogecoin (DOGE) surged over 6% in the past 24 hours to lead gains among major cryptocurrencies, as bitcoin (BTC) bounced toward the $110,000 mark on renewed rate-cut hopes and easing fears around looming U.S. tariffs. The rally came after U.S. officials clarified that President Trump’s long-anticipated tariff hikes would not go into effect immediately, giving countries more time to negotiate. The initial July 9 deadline sparked concerns over a sharp deterioration in global trade, but Treasury Secretary Scott Bessent said on Sunday that nations without a deal would likely receive a three-week extension to reach agreements before the new levies take effect on August 1. “Markets are rallying after it was revealed countries will have more time to negotiate before tariffs take effect,” said Jeff Mei, COO at BTSE, in a Telegram message. “If we see a soft CPI print on Tuesday, that could open the door for a Fed rate cut later this year.” The clarification helped stabilize risk sentiment heading into a crucial week. Traders are now watching Wednesday’s U.S. inflation data for signals that could support a dovish pivot from the Federal Reserve. A lower-than-expected CPI print could boost the case for a rate cut as early as September, helping crypto and risk assets extend their rebound. Bitcoin gained 1.1% over 24 hours to trade above $109,000, while ether (ETH) added 2.5% to reach $2,570. Other majors, including Solana's SOL (SOL), XRP (XRP), Cardano' ADA (ADA), and Tron's TRX (TRX) posted 2%-4% gains, supported by strong inflows and improving sentiment. “The BTC bounce and ETH inflows show traders are rotating into long-term value assets,” said Eugene Cheung, Chief Commercial Officer at OSL, said in a Telegram message. “We expect more investors to seek shelter in crypto as macro volatility builds.” “We’re optimistic that more investors will look to Bitcoin and Ethereum to escape macro volatility and potential inflation increases as the Fed signals high potential to cut interest rates this year,” Cheung added. Dogecoin’s outperformance marks a sharp return of retail enthusiasm, with trading volumes crossing $1.5 billion in the past 24 hours (relatively high for a weekend after an otherwise flat week), as known-backer Elon Musk unveiled plans for an “America Party.” Read more: Elon Musk Says America Party Will Embrace BTC as 'Fiat Is Hopeless'
Solana’s price resilience is underpinned by a robust rising channel and a substantial $2.75 billion USDC minting spree, injecting fresh liquidity into its DeFi ecosystem. Continuous USDC supply expansion by