Famous Bitcoin analyst Fred Krueger drew attention to the temporary advantages that interest rate cuts would provide to the fiat money system, but said that in the long run, Bitcoin could exceed $1 million with a strong uptrend. In his assessment on the social media platform X, Krueger argued that Bitcoin will continue to strengthen with the deflationary pressures that artificial intelligence will create in a low interest rate environment. The following statements stood out in Krueger's statement: “Reducing interest rates to 1% would give the fiat money system a 10-year breath. However, at the end of this period, artificial intelligence will come into play and create a strong deflationary effect. Bitcoin could exceed $400,000 or even $1 million much earlier and easily in this time period.” Related News: Is the Whale Behind the Movement of 8 Billion Dollars Worth of Bitcoin Hacked? It Could Be the Largest Cryptocurrency Theft in History - Coinbase Executive Speaks Out Stating that Bitcoin follows a long-term “power law” curve, Krueger argued that companies that hold Bitcoin on their balance sheets (e.g. MicroStrategy, RIOT, MARA) are in a much stronger position than their competitors. He stated that these companies will gain serious advantages in the coming years thanks to their Bitcoin-focused strategies. For these reasons, Krueger stated that he predicts that many more companies will buy Bitcoin in the next 5 years. *This is not investment advice. Continue Reading: Renowned Bitcoin Analyst Reveals Price Targets of 400,000 and Then 1 Million Dollars for BTC
Ethereum co-founder Vitalik Buterin, alongside developer Toni Wahrstätter, has introduced EIP-7983, a proposal to set a dedicated gas limit of 16.77 million for individual transactions. This adjustment is distinct from
Grammy-winning artist Drake has dropped a new song titled What Did I Miss? that compares his turbulent love life to the notorious volatility of Bitcoin. Key Takeaways: Drake compares his love life to Bitcoin’s price swings in his new song What Did I Miss?. His lyrics highlight Bitcoin’s growing presence in mainstream pop culture. Global BTC adoption sits at 4% today, far below forecasts of 10% by 2030. “I look at this shit like a BTC, could be down this week, then I’m up next week,” the Toronto rapper raps . This isn’t Drake’s first dance with Bitcoin. In 2022, he wagered $1 million worth of BTC on the Super Bowl, a move that grabbed headlines and underscored his willingness to engage with crypto beyond casual name-drops. Drake’s Lyrics Show Bitcoin Breaking Into Pop Culture Drake’s latest verse signals how Bitcoin continues to weave itself into mainstream culture, appearing not just in financial headlines but also in music, television, and art. As Bitcoin references pop up more often in pop culture, some see it as a sign that the digital asset is edging closer to widespread recognition. Historical forecasts from Blockware predicted Bitcoin adoption could reach 10% of the global population by 2030, comparing its trajectory to transformative technologies like electricity and the Internet. However, a recent report from River pegged current adoption at just 4%, showing that while crypto has made strides, there’s still a long road ahead. The report highlighted that adoption tends to be stronger in developed economies, where access to financial infrastructure and regulatory clarity is more robust. Meanwhile, institutional interest has continued to rise. Firms like Strategy and Metaplanet have pivoted to holding Bitcoin as a key treasury asset, aiming to guard against inflation and geopolitical uncertainties. Bitcoin ETFs and other investment products have further opened the door to retail and institutional investors, lowering barriers to exposure by removing the need for self-custody or direct onchain transactions. Bitcoin Adoption Gains Ground With Texas State Reserve Last month, Texas became the first U.S. state to establish a publicly funded Bitcoin reserve, marking a significant step toward mainstreaming digital assets at the state level. Governor Greg Abbott signed Senate Bill 21 into law over the weekend, setting up a standalone Bitcoin fund overseen by Texas Comptroller Glenn Hegar. Unlike previous attempts in Arizona and New Hampshire, Texas’s Bitcoin reserve will operate entirely outside the state treasury, providing legal protections against routine fund reallocations. A companion bill, HB 4488, further secures the fund’s status, ensuring it remains intact regardless of future Bitcoin purchases. State Senator Charles Schwertner, the bill’s sponsor, argued that Texas should consider Bitcoin as it does land and gold, highlighting its performance over the past decade. Texas’s move comes as other states pull back from similar plans. In May, Florida became the latest to drop crypto legislation , joining other states, including Wyoming, South Dakota, North Dakota, Pennsylvania, Montana, and Oklahoma. Likewise, Arizona’s House Bill 1025, which had advanced further than any other similar bill nationwide, was vetoed on May 3 by Governor Katie Hobbs. On the Federal front, President Donald Trump signed an executive order establishing a strategic Bitcoin reserve . The post Drake Compares Love Life to Bitcoin Price Swings in New Lyrics appeared first on Cryptonews .
Grayscale Investments highlights the potential impact of the GENIUS Act in clarifying U.S. crypto regulations, positioning Ethereum for significant institutional growth. The proposed legislation aims to streamline rules around stablecoins
Toncoin (TON) is surging today after unveiling a blockchain-based residency program in the United Arab Emirates. As of press time, TON was trading at $3.02, marking an 11% rally over the past 24 hours. Its market capitalization has also jumped from $6.7 billion to $7.43 billion in just one day, an increase of approximately $730 million. TON one-day market cap chart. Source: CoinMarketCap Beyond the fundamental news, Toncoin’s price chart shows possible signs of a breakout. TON has decisively moved above its seven-day simple moving average ( SMA ) at $2.83 and its seven-day exponential moving average at $2.81. Meanwhile, its relative strength index ( RSI ), which had dropped to an oversold level of 38.79, is now rebounding, suggesting room for further upside. Catalyst for Toncoin rally The catalyst behind the surge is Toncoin’s announcement of a first-of-its-kind UAE residency scheme built on blockchain technology. Under the program, investors can secure UAE residency by staking $100,000 in TON for three years through a decentralized smart contract in return for a 10-year UAE Golden Visa. The initiative is designed to lock up a significant supply: if 1,000 participants join, around $100 million worth of TON could be removed from circulation. Additionally, the program offers participants an annual yield of 3–4%, encouraging long-term holding. The visa process is fast-tracked, with approvals typically expected within seven weeks. Unlike traditional programs requiring $500,000 in real estate, this initiative offers a lower entry point and extends residency to the applicant’s immediate family. Staked TON remains under user control and is fully withdrawable after three years, with an annual yield of 3–4%, subject to market conditions. Overall, the UAE–TON partnership aims to attract crypto investors and entrepreneurs seeking more accessible residency options. Meanwhile, this is another initiative that will likely help Toncoin gain mainstream attention. For instance, as reported by Finbold, in late May, TON saw increased momentum after xAI announced a partnership to bring its Grok chatbot to Telegram. Under the one-year deal, Telegram will receive $300 million in cash and equity, as well as 50% of all xAI subscription revenue generated on its platform. Featured image via Shutterstock The post Why Toncoin (TON) is breaking out today appeared first on Finbold .
Bitcoin (BTC) prices showed a sideways movement in the past day producing no significant changes. Following the recent rejection at the $110,000 price range, the maiden cryptocurrency failed to break out of a descending consolidatory channel; therefore, fears on the current status of the bull market remain intact. Amidst the current mood of uncertainty, prominent market analyst Ali Martinez has identified two important support levels in the advent of a price downturn. Related Reading: Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means On-Chain Data Reveals Strong Bitcoin Support At $106,500 And $98,500 In an X post on July 5, Ali Martinez shares a potentially impactful on-chain insight on the Bitcoin market. Using data from the In/Out Money Around Price (IOMAP) Chart from Sentora, the analyst shares that major support zones have emerged that could play a crucial role in shaping the BTC’s short-term price direction. The IOMAP chart analyzes Bitcoin wallet addresses and the average prices at which they acquired BTC, giving insights into potential zones of buying or selling pressure. Essentially, it shows where holders are currently in profit i.e. in the money” or at a loss i.e. out of the money. From the chart, it is observed that 1.68 million addresses bought 1.28 million BTC between $104,982 and $108,190, with an average acquisition price of $106,738. Historically, such large concentrations of buying activity tend to form strong support zones, as holders may defend their positions from slipping into loss. Therefore, this development makes the $106,700 range a formidable near-term support level. A second significant support level is identified in the $95,247 to $98,566 range, where 1.7 million addresses acquired 1.25 million BTC at an average price of $96,901. Should Bitcoin lose its footing above $106,000, this lower range would act as the next major cushion, potentially absorbing downward momentum. However, a decisive price close below $96,901 would confirm significant bearish intent by the Bitcoin market. Related Reading: Crypto Market Cap On Track To $4.5 Trillion As Q3 Unfolds – Details Bitcoin Market Overview According to data from the IOMAP chart, around 89.36% of all BTC addresses are “in the money,” meaning their holdings were purchased at a lower price than the current market value. This is generally considered a bullish signal, suggesting the majority of market participants are in profit and thus less pressured to sell. Meanwhile, only 10.36% of addresses are “out of the money,” highlighting the relatively low risk of widespread panic selling, unless Bitcoin were to break below these critical levels highlighted above. At press time, the premier cryptocurrency continues to trade at $108,154 reflecting a 0.24% gain in the past day. Meanwhile, it’s daily trading volume is down by 27.09% and valued at $31.04 billion. Featured image from Pexels, chart from Tradingview
All eyes are on XRP right now after the recent filing of Ripple's banking application to the FCC. Considering this has happened just after Ripple's decision to p112ut an end to its standoff with the SEC, hopes have risen that XRP could make a comeback, perhaps even cross its $3 resistance in the coming days. This has given weight to the view that XRP could topple Ethereum in terms of market capitalization. Does it mean XRP is the best crypto to buy now, or does it merely hint at the arrival of investor opportunities with a variety of assets to pick from? Ripple Applying for National Bank Charter from the OCC - Brad Garlinghouse The announcement about Ripple's banking application was made by Brad Garlinghouse, who, on X, posted the news stating that this approach could put more federal oversight on Ripple, which could bolster its trust factor, transforming it into the bridge to connect traditional and decentralized financial institutions. However, that's not all, as the company has also filed for a Fed Master Account via Standard Custody. This could help Ripple to hold $RLUSD (Ripple Stablecoin) directly from the Fed and gain an additional layer of security. True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.Earlier in the week via… https://t.co/IdiR7x3eWZ — Brad Garlinghouse (@bgarlinghouse) July 2, 2025 Just as expected, community reactions to the news have been positive. Some have said this is a materialization of a dream consisting of Ripple becoming a bank, which clears the way for XRP to reach $100. However, others have asked how XRP will fit into the banking license. Impact of the News on the XRP Price While investors were expecting the news to have a major impact on the XRP price, that, unfortunately, wasn't the case. The DeFi token's value is still consolidating around the $2.2 level, and whatever green candles it was able to print were corrected the next day. That said, a macro-analysis of the price chart shows that the XRP price has been following an ascending channel ever since it dropped to the $1.9 level on June 22, and there have been no signs of the price action stopping. Furthermore, since the US government has been very progressive about crypto, chances are high that Ripple's application could be approved. That could help with streamlining crypto into the traditional financial space, giving XRP much-needed long-term upside. It is also possible for the crypto to reach $3 in the coming days. Does it mean XRP is the best crypto to buy now? The answer to this could arguably be yes. However, until the DeFi crypto crosses the $2.6 mark to retest the $3 level, investors should stay cautious, since it will only take one long red candle to change the course of the XRP price action. Best Crypto to Buy Now - Smart Investor Picks During the Current Ecosystem BTC Bull Ripple's growth would consolidate the market's belief that the altcoin season has indeed arrived. However, that does not mean Bitcoin would lose any of its shine, as despite all the news about Ripple's legal qualms, the apex crypto continues to be the major driver of the cryptocurrency market. BTC Bull is a project that taps into that particular market, offering users a standard meme coin experience with a robust touch. While no long-term use cases have been mentioned by the official website, the project has continued to delight customers thanks to its social media posts as well as unique mechanics. The project has tied its token burns and Bitcoin airdrop model with Bitcoin's growth, which is a subtle way to grow alongside the apex crypto. While this move could be seen as a gimmick by many, the fact that the project has managed to raise upwards of $8 million already means there could be more to the project than meets the eye. The token is launching soon, with an application to CoinGecko already filed. Furthermore, there are many analysts already bullish about the launch, stating that BTC Bull could achieve a 1000% growth after going live on the price charts. Snorter Another crypto that could be considered one of the top offerings among crypto pre-sales is Snorter . Snorter is a meme coin powering an automated crypto trading bot that lets investors find and trade top-performing Solana cryptos. What further elevates the appeal of Snorter is the fact that it is accessible via Telegram. Being one of the leading messaging apps for crypto gives it access to a range of unique attributes. Not only is the platform easy to use, but the automated sniping tool is also equipped with all kinds of security features. In addition to the perks that come with the bot, Snorter is also very up to the mark when it comes to highlighting its memes. The main animal chosen to highlight this project, an aardvark, has been used to draw an equivalence between an aardvark's snout that it uses to fetch and Snorter's approach to sniffing the best cryptocurrency investment projects. While Snorter's connection to XRP isn't direct, the fact that XRP has the potential to become the biggest altcoin ultimately means unique projects with niche perks could gain community attention quickly. Bitcoin Hyper Bitcoin Hyper is a cryptocurrency project whose core idea is to inject utility into the Bitcoin network, and it aims to accomplish this using Bitcoin's first L2 scaling solution. The tech-related documents of the project show that developers are hard at work, trying to make it a reality. Three technologies have been implemented for this purpose: L2 scaling solution, Solana Virtual Machine, and a Canonical Bridge. The L2 scaling solution will reportedly help the Bitcoin network's transaction mechanics through off-chain aid. With the Solana Virtual Machine, developers are hoping for more DeFi applications to be built on the Bitcoin network, and with a Canonical Bridge, communications will be established between Bitcoin Hyper and Bitcoin. It is the project's simple premise that has allowed it to gain so much momentum, and in presale it has raised close to $2 million already. So, for XRP fans looking for an offbeat crypto with a strong focus on utility, Bitcoin Hyper could be a good investment. Conclusion Ripple's entry into the banking sector could lead to a major shift in the world of crypto. It could signal crypto to become more mainstream, leading to increased participation. Tokens that are still available on presale could take advantage of this situation, surging upon launch. Therefore, this "best crypto to buy now list" focuses on cryptocurrency ICOs. Each ICO has its own unique attribute, giving traders the opportunity to diversify their investments. And as crypto goes mainstream, these picks could yield massive gains, both in the short and the long term. 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.
Shiba Inu (SHIB) has recently surpassed Ethereum and Pepe in wallet concentration, raising significant concerns about market volatility and governance risks within the crypto community. The top 10 SHIB wallets
A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave of crypto laundering, with at least $40 million in stolen funds funneled into Bitcoin, Ethereum, and stablecoins. Key Takeaways: Hackers stole nearly $148 million from Brazilian banks by breaching C&M Software’s systems. At least $40 million was laundered into Bitcoin, Ethereum, and stablecoins, according to ZachXBT. Authorities froze $50 million linked to the hack, but much of the stolen crypto remains missing. Blockchain investigator ZachXBT flagged the laundering after tracing large sums moving through Latin American over-the-counter desks and exchanges. The attack stands as one of Brazil’s most significant financial breaches to date. Hackers Target C&M, Key Link to Brazil’s PIX Payment Network The hack targeted C&M, a key intermediary connecting smaller banks and fintechs to the Central Bank’s infrastructure, including PIX, the country’s widely used instant payments system. According to Brazilian authorities, hackers exploited credentials sold by João Nazareno Roque , a 48-year-old IT worker at C&M, who received the equivalent of $2,770 for his corporate login details. Local news outlet g1 Globo reported that Roque didn’t just sell his credentials; he also assisted in building a system to facilitate the theft, netting an additional payment of about $1,800. Using this inside access, hackers orchestrated a coordinated attack early on June 30, siphoning approximately 800 million reais, or nearly $148 million, from reserve accounts of six financial institutions. $140M HACK in Brazil – Insider Sold Access for Just $2.7K?! ZachXBT reports a $140M breach in Brazil, where an insider allegedly sold system access for only $2.7K. Around $30–40M was funneled into crypto via LatAm OTC desks. One of the biggest insider leaks in recent memory?… pic.twitter.com/ehMqjuQGCi — Crypto Patel (@CryptoPatel) July 4, 2025 The fraudulent transfers went undetected for nearly two and a half hours. The breach only came to light when BMP, one of the affected institutions, flagged suspicious transactions. BMP’s CEO, Carlos Benitez, said his bank alone lost roughly $73.8 million but managed to recover about $29.5 million. A Brazilian court has since frozen accounts suspected of receiving stolen funds, recovering approximately $50 million so far. However, the full scope of the laundering operation remains under investigation, with significant sums still unaccounted for. Following the incident, the Central Bank suspended parts of C&M’s access to its systems as authorities worked to contain the damage. Roque was arrested on July 3, two days after the hack, and remains in custody as the investigation continues. Officials said no retail customers suffered direct losses, as the stolen funds were limited to institutional reserve balances held at the Central Bank. Crypto Networks Emerge as Escape Route for Crimes The latest breach underscores growing fears about crypto’s role as a conduit for conventional financial crimes. Digital assets offer liquidity and a level of pseudonymity that traditional cash transactions can’t match, enabling swift movement of illicit funds at scale. Stablecoins, in particular, have drawn the attention of criminal networks. The Financial Action Task Force recently warned that stablecoins pose increasing risks when used by illicit groups, especially in the absence of coordinated global oversight. Brazil’s recent heist mirrors a series of high-profile crypto-related thefts this year, including North Korea’s record $1.46 billion ByBit hack and Chinese authorities dismantling a $136 million laundering ring that used digital currencies for cross-border money flows. Nevertheless, Brazilian officials are now working to trace the stolen funds across various blockchain networks, coordinating with international agencies to freeze assets and identify those responsible for one of the nation’s largest financial cyberattacks. The post Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH appeared first on Cryptonews .
Ethereum experienced a 2% drop due to global tensions and Fed's uncertainty. Layer-2 updates significantly reduced transaction data costs, boosting ecosystem activity. Continue Reading: Ethereum’s Price Signals Inspire Growing Confidence: Discover the Potential Ahead The post Ethereum’s Price Signals Inspire Growing Confidence: Discover the Potential Ahead appeared first on COINTURK NEWS .