Echo Protocol has officially entered the BNB Smart Chain trading competition, offering traders a lucrative opportunity to maximize their returns. Participants with the highest token trading volumes on the platform
Piero Cipollone, member of the ECB executive board, highlighted the relevance of the digital euro for the health of sovereign payments in Europe. He also remarked that such a solution would maintain banks in the financial loop, while stablecoins seek to sidestep them. ECB Defends Digital Euro Thesis as Sovereign Cash Alternative The European Central
The collaboration is a big move when it comes to aligning global fintech ecosystems around standardized digital value and comes during a time of improving US regulatory clarity. Circle's influence is growing at a fast rate thanks to new partnerships with OKX, Coinbase Derivatives, and Nodal Clear, and the increasing acceptance of USDC in both institutional and retail financial systems. Meanwhile, Ripple CEO Brad Garlinghouse predicted explosive growth for the stablecoin market by suggesting it could expand to $1–2 trillion in the coming years. Ripple's own stablecoin, RLUSD, quickly reached a $500 million market cap. This was bolstered by a strong regulatory push including the GENIUS Act and new banking license applications. With both Ant Group and Ripple making aggressive plays in the stablecoin space and institutions like BNY Mellon and Transak joining in, the sector is gaining impressive momentum globally. Ant Group Eyes USDC Integration Jack Ma-backed Ant Group is reportedly working with USDC issuer Circle to integrate the stablecoin into its proprietary blockchain. This is according to a Bloomberg report that refers to anonymous sources. While the timeline for this integration is still uncertain, the partnership is expected to proceed once USDC achieves compliance with US regulations. Ant Group is best known for operating the Alipay super-app and processing over $1 trillion in annual payments, and has been very active in the blockchain space. Through its AntChain network, the company offers services in treasury operations, cross-border settlements, and asset tokenization. Its interest in stablecoins is not new. Just weeks earlier, Ant joined forces with JD.com to lobby the People’s Bank of China to approve yuan-backed stablecoins. Additionally, Ant International is reportedly preparing to apply for stablecoin issuer licenses in certain key Asian hubs like Singapore and Hong Kong. The collaboration with Circle might be happening at a time when regulatory conditions for stablecoins in the US begin to clear. In mid-June, the US Senate passed the GENIUS Act, which is a bill that provides legal clarity for stablecoin issuance and management. Circle also applied to establish a national trust bank, which would oversee USDC reserves and support its regulated growth. Overall, these regulatory advancements are making it possible for the company to accelerate its global expansion strategy. Circle’s momentum also accelerated after it announced earlier this week that it entered a partnership with leading cryptocurrency exchange OKX to offer feeless conversions between USDC and US dollars, improving liquidity and usability. The company’s influence in the digital asset space is huge when considering its shares became the largest weighting in VanEck’s digital asset corporate index in late June. Additionally, Circle’s USDC stablecoin is now being accepted as eligible collateral in US futures markets after a partnership between Coinbase Derivatives and Nodal Clear. As regulatory clarity improves and institutional interest in stablecoins intensifies, Circle CEO Jeremy Allaire is very confident in the future of the sector. He even recently compared the rise of stablecoins to the revolutionary impact of the iPhone, and called them “the highest utility form of money ever created.” The reported partnership between Ant Group and Circle is just the last big move in aligning global fintech ecosystems around a shared standard for digital value. Ripple Predicts $2T Stablecoin Market Ripple CEO Brad Garlinghouse also recently expressed his strong optimism about the future of stablecoins by suggesting the market could grow nearly tenfold in the coming years. Speaking on CNBC’s “ Squawk Box ,” Garlinghouse explained that many in the industry believe stablecoins could reach a market capitalization of $1 to $2 trillion, up from the current $250 billion. Brad Garlinghouse speaking to CNBC He placed a lot of emphasis on the quick growth of the sector and pointed out that Ripple entered the space later than others because it had already been using stablecoins in institutional payment flows. Garlinghouse believes Ripple's strong regulatory foundation and institutional focus position the company well to thrive as the market expands. As part of its stablecoin strategy, Ripple recently named BNY Mellon as the custodian for its RLUSD dollar-pegged stablecoin. RLUSD was launched in late 2024, and already reached a $500 million market cap milestone. This rapid growth happened thanks to the momentum in the stablecoin space, with fintechs, banks, social networks, and major retailers launching their own digital currencies. Henrik Andersson , CIO of Apollo Capital, agrees with Garlinghouse’s views, and said the projected growth aligns with his firm’s forecasts. He pointed to the profitability of Tether as a case study for the sector’s potential and suggested that the GENIUS Act, which recently passed a Senate vote, could serve as a major catalyst by recognizing stablecoins as legal tender in the US. Nick Ruck of LVRG Research also pointed out that the regulatory environment is becoming much more favorable. He referred to the GENIUS Act as well, and a more crypto-friendly SEC as drivers for accelerated adoption. Ripple, meanwhile, is doubling down on compliance efforts. The firm applied for a banking license with the Office of the Comptroller of the Currency and is seeking a Federal Reserve Master Account. Garlinghouse said these moves are part of Ripple’s strategy to bridge traditional finance and decentralized finance. XRP's price action over the past 14 days (Source: CoinMarketCap ) In addition to its regulatory and product milestones, Ripple announced an integration with cryptocurrency payments provider Transak to expand the use of its stablecoin. Meanwhile, Ripple’s native cross-border payments token XRP managed to surge 14% this week and is now trading at a seven-week high of $2.56. The convergence of market growth, legislative support, and institutional involvement seems to be accelerating Ripple’s influence in the financial landscape.
Asia stock markets trade mixed on Friday, reacting to renewed worries about U.S. trade tariffs following President Donald Trump's announcement of significant duties against Canada. Meanwhile, China's markets outperformed the region, driven by expectations of further stimulus measures. Meanwhile, President Trump reportedly plans to impose blanket tariffs of 15–20% on most major trade partners after announcing 35% tariffs on Canadian imports starting August 1. Gold rose to around $3,330 per ounce on Friday, gaining for a third straight session, supported by safe-haven demand amid escalating trade tensions. Bitcoin surged past $116,000 in mid-July, setting a new all-time high, driven by strong institutional demand and supportive policies from the Trump administration. Japan ( NKY:IND ) fell 0.10% rose 0.1% to around 39,690 while the broader Topix Index gained 0.35 to 2,820 on Friday, recouping losses from the previous session. The Japanese yen weakened toward 147 per US dollar on Friday, nearing a three-week low, as the greenback gained strength amid rising global trade tensions. Japan is actively pursuing ministerial-level tariff talks with the U.S., targeting meetings between negotiator Ryosei Akazawa and U.S. Treasury Secretary Scott Bessent during the latter’s visit in Osaka next week, according to the Yomiuri newspaper. The Bank of Japan stated on Thursday that U.S. tariffs have had a limited impact on Japan's exports and factory output thus far. However, the central bank's quarterly meeting summary with regional branch managers revealed that many Japanese companies are increasingly concerned about weakening global demand. Bessent is scheduled to attend the U.S. “National Day” event on July 19 at Expo 2025. China ( SHCOMP ) rose 1.05% to above 3,560 while the Shenzhen Component gained 0.6% to 10,700 on Friday, with mainland stocks scaling multi-month highs as investors looked ahead to trade data due over the weekend, and the offshore yuan strengthened past 7.16 per dollar on Friday, extending gains from the previous session, supported by the robust fixing from the People’s Bank of China. Earlier this week, China announced fresh initiatives to stabilize employment. These measures come as the nation grapples with a prolonged trade war with the U.S. and persistently high youth unemployment. The jobless rate for individuals aged 16 to 24 (excluding college students) stood at 14.9% in June, a slight decrease from 15.8% in May, but still elevated. In China, investors are bracing for key economic releases next week. Hong Kong ( HSI ) rose 1.84% to 24,454 on Friday morning, extending gains from the prior session and hitting a two-week-high. India ( SENSEX ) flat Australia ( AS51 ) fell 0.02% opened flat to around 8,589 on Friday, and on track for its first weekly decline in three, as investors weighed fresh US tariff actions from President Donald Trump. The Australian dollar weakened to below $0.658 on Friday, ending its three-day winning streak, as sentiment turned cautious following a fresh wave of tariff threats from US President Donald Trump. In the U.S., on Thursday, all three major indexes ended higher as investors looked past President Trump's latest tariff threats and focused on strong corporate results and record-setting gains. U.S. stock futures held steady on Friday following another strong session on Wall Street, where both the S&P 500 and Nasdaq Composite closed at fresh record highs: Dow -0.27% ; S&P 500 -0.23% ; Nasdaq -0.20% . Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ). More on Asia: Japan PPI growth hits 10-month low to 2.9% y/y in June China CPI sees slight rise up 0.1%, PPI drops most in two years amid weak demand and tariff risks Trump puts 25% tariff on Japan and South Korea, others (updated) U.S.-China trade agreement leads to lifted chip design software restrictions Australia's manufacturing contraction deepens in May; retail sales miss estimates
TL;DR The popular crypto whale going by the X handle James Wynn suffered another painful liquidation, at least for one of their visible wallets, tracked by Lookonchain. This came as bitcoin’s price surge kept going in the past 12 hours or so, hitting a fresh all-time high above $117,000. James Wynn’s $BTC short position got fully liquidated in less than 12 hours, resulting in another loss of $27,921.63! https://t.co/205yuTcrz1 pic.twitter.com/AyVORksque — Lookonchain (@lookonchain) July 11, 2025 What’s particularly interesting about today’s liquidation is the amount of time BTC needed to prove the naysayer wrong – under 12 hours. Wynn opened the trade yesterday on Hyperliquid by depositing almost $28,000 and claimed a referral bonus of over $3,950. However, this is far from the first instance where Wynn’s known wallet has been wrecked. As previously reported , some of his most painful losses resulted in multi-million-dollar wipeouts, which raised multiple questions within the community, including from Arthur Hayes. Bitcoin’s price pumps over the past 36-48 hours, in which the asset flew from under $108,000 to a new all-time high of over $117,000 earlier today, has left other short whales in limbo as well. Recall that this one was wrecked for more than $51 million during the initial surge. Lookonchain, though, reported another one, who is currently down by more than $10 million on their short position but deposited another $5.5 million USDC to Hyperliquid to avoid liquidations. Whale 0x5D2F is down over $10M on a 1,135 $BTC ($132.65M) short position. To avoid liquidation, he deposited another 5.5M $USDC into Hyperliquid. New liquidation price: $121,080 https://t.co/cdRGIc2jrp pic.twitter.com/IFPYWhYtKX — Lookonchain (@lookonchain) July 11, 2025 The post Crypto Whale James Wynn Liquidated in 12 Hours as BTC Soared to New Peaks appeared first on CryptoPotato .
Bitcoin has surged to a record $116,000, driven by robust institutional investment and supportive U.S. regulatory developments, marking a significant milestone in cryptocurrency adoption. The rally reflects growing confidence in
Ethereum surges past $2,700, marking a significant 5% daily increase fueled by robust trading volume and strong market momentum. With nearly $493 million in weekly exchange outflows and 71% of
The post Altcoin Mania Incoming: Bitcoin Confirms Breakout, XRP Price Targets $3 appeared first on Coinpedia Fintech News The crypto market is rising again as Bitcoin’s price surged from $113,000 to $117,000 in a single day, currently hovering around $116,000. This fresh breakout hints at the possible start of a new bull rally, with analysts expecting more gains ahead. As always, market volatility is expected, with price swings and retests of support levels. But the overall trend is clearly bullish. Despite months of market fears like tariffs, war news, and regulatory crackdowns, on-chain data and market charts have consistently supported that a bull market was still intact, and it’s now showing on the price charts. Not just Bitcoin, but altcoins are waking up too. Ethereum has crossed $2,900, up 14% this week. XRP surged to $2.57, gaining 13%, while Solana rose to $164, up 8% in seven days. This pattern follows the typical bull market cycle where liquidity rotates from Bitcoin into altcoins after BTC makes strong moves. What’s Next For Bitcoin Price? In technical terms, Bitcoin has also broken out of major resistance areas on multiple charts, including a long-standing descending channel and a bullish cup-and-handle pattern on the 3-day chart. If this breakout holds, it could set Bitcoin on a path toward $150,000 in the coming months. According to the analysis, the current market structure is holding up well. Key support is sitting at around $112,100, and as long as Bitcoin stays above this level, the upward momentum is expected to continue. A dip below this price would shift attention to lower support areas, including the $107,300 range. While a short-term pullback could happen, strong rallies like this tend to surprise on the upside. Bitcoin’s recent climb past its earlier resistance levels signals that the market could still have room to run. Global liquidity is also on the rise, stock markets like the S&P 500 are hitting new all-time highs, and the U.S. dollar is weakening, a combination historically favorable for crypto.
Solana-based memecoin launchpad Pump.fun announced Thursday that it made its first-ever acquisition of the wallet tracking tool Kolscan. The integration would “change the entire on-chain trading landscape,” the memecoin generator noted. The acquisition comes just days ahead of Pump.fun’s much-anticipated public token sale , scheduled for July 12. The company said early this week that the ICO aims to generate up to $600 million in funding and accounts for 15% of the token’s total supply. The acquisition will combine Kolscan’s analytics with Pump.fun’s social trading tools to “enable better products” for both users. Further, the integration amps up transparency, copy-trading, and wallet tracking, fostering its memecoin launchpad game. “We believe that products that provide social insights/tools and gamify the trading experience are key to growing our ecosystem,” co-founder Alon Cohen, said in a separate post. On-chain Trading is a ‘Social Sport ’: Alon Cohen Cohen noted that the move aligns with Pump.fun’s principles that trading is a “social sport.” one of our core beliefs is that onchain trading is a social sport you do it with your friends and compare yourself to the best more importantly, the success of the projects you invest in are often determined by the kinds of people that are involved, when they got in, how much… https://t.co/Ji5z8Vkuxu — alon (@a1lon9) July 10, 2025 “You do it with your friends and compare yourself to the best,” he added. “More importantly, the success of the projects you invest in are often determined by the kinds of people that are involved, when they got in, how much conviction they have, etc.” Additionally, as a part of the integration, Cohen said that all Kolscan services will be offered for free. Further, the platform has already amassed “tens of thousands” of users ahead of the acquisition announcement. “We look forward to integrating Kolscan’s products, making them a core part of our push to building crypto’s social media platform that can scale to the billions.” Coinbase Lists $PUMP Ahead of ICO Meanwhile, Coinbase has announced $PUMP pre-market trading , as the launchpad prepares for the official public sale of its native token. This allows traders to engage in perpetual futures on unlaunched tokens, before their spot listings. We will add support for @pumpdotfun $PUMP pre-launch market on Coinbase International Exchange and Coinbase Advanced. The opening of our PUMP-PERP pre-launch market will begin on or after 8pm UTC on 10 July 2025. pic.twitter.com/5onC5EiMhk — Coinbase International Exchange (@CoinbaseIntExch) July 10, 2025 Per tokenomics, the upcoming ICO will make 33% of the total 3 trillion token supply available, with retail investors having access to 15% of that supply at a price of $0.004 per token. The post Pump.fun Acquires SOL-Based Wallet Tracker Kolscan Ahead of Anticipated Token ICO appeared first on Cryptonews .
The Ethereum Foundation has clarified that the wallet responsible for selling 1,210 ETH earlier today is not affiliated with the organization. Instead, the address is linked to the Argot Collective,