Trump Media & Technology Group (TMTG) has entered the digital asset space by outlining plans for a Truth Social-branded utility token and digital wallet, according to a new SEC filing. The proposed token is designed to support a subscription-based rewards program within Truth+, with potential applications across TMTG’s broader “Truth ecosphere.” While the filing avoids labeling the token as a full-fledged cryptocurrency, its language strongly suggests blockchain integration. This move marks the clearest crypto pivot for Trump Media to date, following recent developments such as the reported $2 billion Bitcoin treasury allocation and the launch of its fintech arm, Truth.Fi. With increasing political attention on blockchain, the MAGA-aligned push into digital assets is fueling investor interest in related altcoins—most notably Litecoin (LTC), XRP, TRON (TRX), and the emerging MAGACOIN FINANCE project. Litecoin (LTC): Bullish Momentum Builds at Resistance Litecoin is showing renewed strength as it tests a long-standing descending resistance trend line dating back to late 2024. After reclaiming the $105 support level in July, LTC is now making its fifth attempt to break above this key technical barrier. A successful breakout could pave the way for a rally toward the $200–$230 range, particularly given the absence of strong horizontal resistance overhead. Momentum indicators are leaning bullish, though traders remain cautious ahead of confirmation. XRP: Breaks $3, But Analysts Warn of Overheating XRP surged to $3.03 on Monday, outpacing both Bitcoin and Ethereum in daily gains. The breakout above the psychological $3 mark pushed XRP into the spotlight as one of the day’s top-performing assets. However, some technical analysts caution that the rally may be overheating. Crypto analyst Ali Martinez noted that XRP’s MVRV ratio has printed a “death cross”—a pattern that often precedes price corrections. Martinez projects potential support near $2.80, with more stable footing likely around $2.48 if the pullback deepens. TRON (TRX): Bulls Battle Bears Near Key Resistance TRON remains in a tight consolidation phase, trading around $0.3248 and struggling to break above the $0.35 resistance zone. While recent price action has tested this ceiling, bulls have so far failed to establish a convincing breakout. Technical indicators suggest weakening momentum. The Relative Strength Index (RSI) is trending downward, hinting at possible exhaustion. Nevertheless, strong support in the $0.3000–$0.3100 range continues to provide a safety net. A decisive close above $0.35 could trigger upside toward $0.36–$0.37, but failure to break out may lead to a retest of lower levels MAGACOIN FINANCE: Emerging MAGA-Aligned Token Gains Momentum MAGACOIN FINANCE is quickly emerging as a breakout project in the political-crypto space, aligning with the pro-MAGA and anti-censorship ethos. Promoted as a meme token with real DeFi utility, the project has seen rapid traction across platforms like Telegram and X, drawing early comparisons to projects such as Solana and Shiba Inu. The token stands out from many meme-based coins due to its fundamentals: a perfect 10/10 TrustScore and an ongoing audit by CertiK. With its presale reportedly selling out in phases, MAGACOIN FINANCE is attracting both speculative interest and longer-term DeFi-focused capital. Some analysts have forecast significant upside potential, citing the token’s limited supply, early-stage access, and its unique alignment with current political and cultural trends. Conclusion As blockchain and politics continue to intersect, MAGA-aligned crypto projects are carving out a new niche in the digital asset market. MAGACOIN FINANCE appears poised to lead this wave, offering a blend of community-driven innovation and ideological branding. Whether it becomes a lasting player or a momentary phenomenon remains to be seen, but for now, it’s a project drawing serious attention. Learn More about MAGACOIN FINANCE: Website: https://magacoinfinance.com X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Trump Media Eyes Crypto Token Launch—MAGACOIN FINANCE Presale Frenzy Boosts Demand for Litecoin, XRP, and TRON
Bitcoin experienced a pullback over the weekend, briefly dipping to $112,296 on Saturday before stabilizing around $114,420 at the time of writing. The asset has seen a nearly 4% decline in the past week, marking one of the more notable short-term corrections in recent weeks. Market analysts suggest that, while short-term volatility persists, Bitcoin’s broader outlook remains influenced by whale activity and long-term holder behavior. Recent on-chain data provided by CryptoQuant highlights significant movement among high-volume Bitcoin traders. Crazzyblockk, a contributor to CryptoQuant’s QuickTake platform, analyzed transactions of 1,000 BTC or more and identified a pattern in where large-scale investors, often referred to as whales, prefer to trade. The data shows Binance is the dominant exchange for these transactions, processing both the highest total volume and the largest number of individual whale-level trades across the market. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ Binance Emerges as Primary Venue for Whale Transactions According to Crazzyblockk’s analysis, Binance leads other exchanges by a substantial margin when it comes to whale activity. Over 30 million BTC have moved through Binance in both inflows and outflows, far exceeding figures recorded on competing platforms such as HTX Global and Kraken. While volume alone highlights the scale of transactions, Binance’s leadership becomes even clearer when measuring transaction count. Data indicates more than 56 million whale transactions have taken place on Binance, compared to roughly 16 million on HTX, making it the most active platform for high-frequency, large-scale trades. This dominance suggests Binance provides unmatched liquidity for big players in the market. As Crazzyblockk noted, “The concentration of whale activity on Binance provides it with unparalleled liquidity. For traders, this means tighter spreads and a greater ability to execute large orders with minimal price impact.” The findings indicate that monitoring Binance’s order book can offer valuable insights into institutional sentiment and potential market movements. Bitcoin Long-Term Holders Sustain Bullish Trend Despite Correction While whale activity dominates short-term price movements, broader market sentiment remains supported by long-term holders (LTH). Another CryptoQuant analyst, Abrahamchart, pointed out that long-term investors continue to hold significant unrealized profits, with the Net Unrealized Profit/Loss (NUPL) ratio staying above 0.5. This indicates that long-term holders are not rushing to sell, helping sustain price support near the $104,000 range. Short-term holders (STH), on the other hand, appear to be taking profits during rallies, contributing to temporary selling pressure and minor corrections such as the latest dip below $113,000. Related Reading: Spot Bitcoin ETFs Bleed Over $800 Million: Second‑Largest Exit Ever – Details Abrahamchart noted that while the short-term market may experience fluctuations, the underlying trend remains intact due to the conviction of long-term participants. Featured iamegc created with DALL-E, Chart from TradingView
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Consumer inflation in South Korea eased in July, reinforcing expectations that the Bank of Korea (BOK) may resume interest rate cuts as the export-driven economy braces the impact of newly imposed U.S. tariffs. Data released Tuesday showed consumer prices rose 2.1% from a year earlier, down from 2.2% in June and line with economists’ expectations. According to Statistics Korea, core inflation—which strips out volatile food and energy prices—remained 2% for a second month. “While inflation is still slightly above the BOK’s 2% target, the economy is underperforming and both current and expected inflation remain contained,” said Bumki Son, economist at Barclays. “That leaves room to consider a rate cut.” Trade pressures and a cooling housing market shape monetary policy decisions The cooling inflation comes on the heels of a U.S. agreement to impose 15% tariffs on most Korean imports—up from 10%—averting a worst-case 25% levy once threatened by President Donald Trump. Exports account for over 40% of South Korea’s GDP, making the economy highly sensitive to external shocks. The BOK paused its rate-cut cycle in June and July, but economists see a potential 25-basis-point reduction at its next policy meeting on August 28. The board is walking a tightrope between shielding the economy from trade pressures and containing a still-hot housing market in Seoul. Governor Rhee Chang-yong has warned against excessive monetary easing, citing risks of reigniting real estate speculation and worsening household debt. Still, Son noted that an October rate cut could be appropriate if inflation expectations stay anchored and signs of recovery persist. Housing prices in Seoul are starting to cool. Data from the Korea Real Estate Board showed apartment prices rose by 0.12% on July 28, down from 0.43% in June. Bloomberg Economics’ Hyosung Kwon said the Bank of Korea is focused on weak growth and may cut rates as early as August if the property market keeps slowing. This year, the Korean won’s strong performance—ranking among the top gainers versus the U.S. dollar—has also given policymakers more room to loosen monetary policy. By category, food and non-alcoholic beverage prices rose 3.5% year-over-year in July, while transportation costs slipped 0.2%. Education prices increased 2.6%, housing-related costs climbed 1.8%, and food and lodging rose 3.2%. Bank of England faces divided views amid rising inflation and rate-cut expectations On other developments, t he Bank of England is expected to lower its main interest rate from 4.25% to 4% on Thursday, with another cut possible before the year ends, even though inflation in June was nearly twice the bank’s 2% target. However, officials disagree on how much inflation pressure is easing and whether weak growth and a slowing job market might push inflation below target unless rates are cut further. British inflation surged more sharply than in the eurozone or the United States following Russia’s full-scale invasion of Ukraine in 2022, reaching a peak of 11.1%. This was partly due to the UK’s heavy reliance on natural gas for heating and electricity. Inflation dropped significantly in 2023, bottoming out at 1.7% in September 2024. Since then, however, it has picked up more than in the US or eurozone, with the Bank of England forecasting in May that inflation would not return to target until early 2027. In June, inflation rose to 3.6%, its highest level since January 2024, and some economists expect it to reach 4% soon. Most Bank of England officials consider surveys of businesses and households’ inflation expectations crucial for predicting future price rises, wage demands, and even the central bank’s credibility. These measures have risen over the past year, with the Citi/YouGov long-term expectations index near its highest since late 2022—when headline inflation was in double digits—and the BoE’s own survey at its highest since 2019. However, some officials give less weight to these surveys, interpreting the responses as reactions to recent inflation rather than reliable forecasts of future behavior. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Robert Kiyosaki expects Bitcoin's price to drop in August. He plans to double his holdings if prices fall significantly. Continue Reading: Robert Kiyosaki Predicts Bitcoin’s Possible August Price Dip The post Robert Kiyosaki Predicts Bitcoin’s Possible August Price Dip appeared first on COINTURK NEWS .
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