The Bhutanese government recently executed a significant transaction by transferring 212.31 BTC to Binance, a leading cryptocurrency exchange. This transfer, valued at approximately 23.61 million US dollars, underscores the growing
Tron founder Justin Sun announced that they will invest $100 million in the memecoin project TRUMP, named after US President Donald Trump. This strategic move, according to their statement, aims to support the development of the token on the TRON chain and increase cross-ecosystem cryptocurrency adoption by collaborating with communities like GetTrumpMemes. Sun used the following statements in his post on X (formerly Twitter) today: “We are committed to the $100 million acquisition of TRUMP! TRUMP and TRON together are the future of crypto. This move reflects our belief in growing the crypto ecosystem by working with communities like GetTrumpMemes.” Related News: JUST IN: Coinbase Announces Listing News for Two Altcoins as Bitcoin Breaks a New Record On Monday, the Tron DAO announced that the TRUMP memecoin would be integrated into the TRON network. Earlier this year, Sun was also invited to a gala dinner attended by Donald Trump. According to CNBC, prior to the event, Sun stated that he held approximately $19 million worth of TRUMP tokens and was the largest investor in the market. The Sun-Trump relationship isn't limited to the TRUMP token. Shortly after Trump was elected president in November 2024, Sun invested $30 million in World Liberty Financial, another crypto project named after the president. Trump's sons are also involved as “ambassadors” in the project. Sun later increased this investment to $75 million and was appointed as an advisor to the project. In January, World Liberty purchased millions of dollars in TRON's native token, TRX. *This is not investment advice. Continue Reading: Tron (TRX) Founder Justin Sun Announces Intention to Buy $100 Million in Surprise Altcoin
Solana started a fresh increase above the $155 zone. SOL price is now consolidating gains and might struggle to rise above the $160 resistance. SOL price started a fresh upward move above the $150 and $155 levels against the US Dollar. The price is now trading above $152 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $155 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $160 resistance zone. Solana Price Aims Higher Solana price started a decent increase after it cleared the $152 resistance, like Bitcoin and Ethereum . SOL climbed above the $155 level to enter a short-term positive zone. However, the price is facing a major hurdle at $160 and $162. A high is formed at $159.24 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $148 swing low to the $160 high. Solana is now trading above $155 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $155 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $160 level. The next major resistance is near the $162 level. The main resistance could be $165. A successful close above the $165 resistance zone could set the pace for another steady increase. The next key resistance is $178. Any more gains might send the price toward the $185 level. Another Decline in SOL? If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone and the trend line. The first major support is near the $152 level or the 61.8% Fib retracement level of the upward move from the $148 swing low to the $160 high. A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $136 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $155 and $152. Major Resistance Levels – $160 and $162.
On July 10, Gate is set to introduce pre-market trading for its PUMP perpetual contracts, settled in USDT, commencing at 13:00 (UTC+8). This strategic move allows traders to engage with
Donald Trump has vowed to impose a 50% tariff on Brazilian goods, accusing the South American nation of undermining free speech, a move that significantly escalates tensions between the US and Brazil. On Truth Social, Trump unleashed a scathing attack on the government of Luiz Inácio Lula da Silva, criticizing its handling of ex-president Jair Bolsonaro, a conservative leader. Trump wrote that Bolsonaro, who was facing charges over an alleged coup plot, was a highly respected leader worldwide during his term. He branded the case a “Witch Hunt that should end IMMEDIATELY! He mentioned that the tariff would start on August 1 and would be used in part due to Brazil’s sneaky attacks on Free Elections and the basic Free Speech Rights of Americans. Trump puts pressure on trading partners to make a deal or face a tariff The US president also slammed Brazil’s Supreme Court for allegedly handing down hundreds of secret and unlawful Censorship orders against US social media platforms and threatening them with millions of dollars in fines and eviction from the country. Following Trump’s remarks, Brazil’s currency slid 2.3%, falling to R$5.58 against the Us dollar during afternoon trading in New York. Meanwhile, futures tied to Brazil’s Bovespa stock index extended their losses, down 2.3% by evening trading in São Paulo. The letter to Brazil was the eighth in a series of letters Trump sent out on Wednesday, July 9, and is part of a larger sweep targeting 22 nations in recent days as he pushes to put pressure on trading partners to make a deal or face a tariff. Earlier that day, Trump had already imposed 25–30% tariffs on countries including Algeria, Brunei, Iraq, Libya, Moldova, the Philippines, and Sri Lanka. These letters followed threats of 25% tariffs against Japan, South Korea, and others. Lula da Silva responded to Trump’s 50% tariff threats, stating that Brazil is a self-governing nation with its own institutions that will not allow anyone to control them. He then claimed that Trump’s accusations were false, asserting that in Brazil, freedom of expression should not be mistaken for aggression or violent actions. According to Lula, all companies from Brazil or other countries must follow Brazilian laws to do business there. Geraldo Alckmin calls on Trump to remove the new US tariff on Brazilian imports While near-identical letters were sent to other countries affirming the strength and commitment of the US trading relationship, the message to Latin America’s largest economy took on a sharply different tone. The proposed 50% tariff far exceeds the 10% duty already levied on Brazil as part of the “reciprocal” tariffs announced on April 2. After Trump signaled a new wave of import taxes targeting South American nations, Brazil’s Vice President and Trade Minister Geraldo Alckmin criticized the move, calling it “inappropriate.” He emphasized that Brazil is not a problem for the Us, citing economic data in the country’s defense. Addressing reporters in Brasília, Alckmin argued there was no justification for higher tariffs on Brazilian goods, noting that the US has a trade surplus with Brazil. According to the US Office of the Trade Representative, America recorded a trade surplus of $7.4 billion in goods with Brazil in 2024. Alckmin also warned that new tariffs could backfire on the US economy, using the steel industry as an example. He pointed out that Brazil is the third-largest buyer of coal used in American steelmaking. The country produces a semi-finished product and exports it to the US for final processing, meaning added tariffs would only increase US supply chain costs. Trump’s letter appears to reaffirm his earlier threat of imposing a 10% blanket tariff on all BRICS nations, a bloc in which Brazil is a founding member. The former president later accused BRICS of fostering “anti-American policies.” Adding to the diplomatic strain, US Secretary Marco Rubio said in May that Washington was considering sanctions against Brazilian Supreme Court Justice Alexandre de Moraes. The judge has been at the center of political controversy after ordering the suspension of social media accounts accused of spreading misinformation. Earlier that day, Brazil’s foreign ministry summoned the acting US ambassador in response to an embassy statement that supported former President Jair Bolsonaro. Brazil’s Supreme Court has not commented on the matter. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
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Bitcoin continues to hover just below its previous all-time high, consolidating around the $109,000 mark despite a modest 1.9% gain over the past day. The asset reached a 7-day high of $110,307 but has yet to reclaim the historic high of $111,814, a level set back in May. While short-term price action remains within a tight range, on-chain data reveals deeper structural developments that could shape Bitcoin’s trajectory in the weeks ahead. As attention focuses on Bitcoin’s potential for a breakout, some analysts are turning to supply dynamics for clues. One notable observation comes from CryptoQuant contributor Chairman Lee, who has identified a significant reduction in BTC held on centralized exchanges. This trend may serve as a key indicator of future price behavior, especially in the context of institutional demand and exchange activity. Related Reading: Last Time This Happened, Bitcoin Jumped $50,000—Is History Repeating? Bitcoin Exchange Reserves Drop to Multi-Year Lows Chairman Lee’s analysis highlights a continued decline in exchange-held Bitcoin, with reserves falling to a multi-year low of 2.4 million BTC. This figure is down from over 3.1 million BTC reported in mid-2023. The consistent drawdown in exchange balances is interpreted as a signal that selling pressure is decreasing, which historically has preceded price expansions. According to Lee, “This persistent decline in reserve levels suggests that sell-side liquidity is drying up… Historically, such conditions—where BTC held on exchanges is low—precede major bullish expansions as demand exceeds supply.” In past market cycles, including the 2020–2021 bull run, similar drops in exchange reserves were followed by sharp upward movements in Bitcoin’s price. The logic is based on basic supply-demand mechanics: when available BTC becomes scarce on exchanges, any increase in demand, particularly from ETFs or institutional buyers, can lead to accelerated price growth. Lee emphasizes that this current trend could act as a foundational tailwind, potentially supporting further gains if current demand patterns remain in place. Binance Dominates Whale Transaction Flows Another piece of the market structure puzzle comes from CryptoQuant analyst Crazzyblockk, who examined large-scale BTC transactions across major centralized exchanges. According to his report, Binance has maintained its position as the dominant venue for Bitcoin whale activity. Whale flows are defined in this context as daily inflows or outflows exceeding 1,000 BTC. Binance has recorded cumulative whale inflows of 31.36 million BTC and outflows of 30.82 million BTC, along with 53.2 million whale transactions, significantly more than any other exchange. Notably, these numbers do not reflect unique BTC, but rather total flow volumes that include repeated movements of the same coins. High transaction volumes suggest Binance is favored for its liquidity and infrastructure, allowing whales to engage in trading, custody shifts, and arbitrage with minimal friction. Related Reading: Bitcoin & Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing? The data also places HTX Global and Kraken in the second and third positions, respectively, for whale inflows, though their volumes are substantially lower than Binance’s. Featured image created with DALL-E, Chart from TradingView
Mass unstaking hits HYPE. Is the market bracing or rotating?
Decentralized exchange Hyperliquid has added a new derivative to its growing list of hyperps, announcing on Thursday the listing of PUMP-USD. The product, announced Thursday, allows users to long or short the unlaunched $PUMP token with up to 3x leverage, expanding speculative access to yet-to-launch assets. Unlike traditional futures, hyperps do not rely on external oracles for pricing. Instead, they use a moving average of their own mark price to calculate funding rates. This design, unique to Hyperliquid, aims to reduce the risk of price manipulation and make pre-launch trading more stable. The platform warned that funding rates can swing sharply during directional momentum, rewarding traders who bet against dominant trends. Hyperliquid’s pre-market PUMP-USD trading volume exceeded $21m. It once rose to $0.015 at the opening today and is currently quoted at $0.0055. As a reminder, hyperps do not rely on any external data for the oracle price. Hyperps trade like perpetual contracts that users are familiar with, but do not require an external spot or index oracle price. Instead, the funding rate is determined relative to a moving average of… — Hyperliquid (@HyperliquidX) July 10, 2025 Listing Adds to Hyperliquid’s Momentum in On-Chain Derivatives Market While the product offers new trading opportunities, it also comes with significant risk. The exchange flagged the PUMP-USD hyperp as high-risk due to its low liquidity, high volatility and potential for extreme funding costs. Traders can only use isolated margin and low leverage, with the contract converting into a standard perpetual once the token is listed on a centralized exchange. Source: Hyperliquid With 70% of DEX Perp Volume, Hyperliquid Leans Into Speculative Products The listing comes as Hyperliquid strengthens its grip on the decentralized derivatives market. In June, the platform posted $214b in trading volume, according to Dune data. That total surpassed the combined volume of all other on-chain perpetual protocols. It also pushed Hyperliquid’s share of Binance’s perp market above 10 percent, up from 9.76% in April. The exchange now processes more than 70% of all DEX perpetual trading volume. In addition, it allocates 97% of protocol fees to buybacks of its native token, HYPE. This approach reduces token supply while aligning incentives with platform activity. With $3.5b in bridge total value locked and half a million users, Hyperliquid currently ranks eighth among all blockchains by TVL, based on DefiLlama figures. The launch of risk-heavy hyperps like PUMP-USD appears to be part of a broader strategy to capitalize on speculative flows while retaining control over platform mechanics. Hyperliquid has urged users to review documentation before engaging in these contracts, stressing that the mechanism differs from traditional perps and may not suit all traders. The post Hyperliquid Lists PUMP-USD Hyperps, Offers 3x Leverage on Unlaunched Token appeared first on Cryptonews .
Ether’s recent price surge above $2,700 highlights growing institutional interest and a potential shift toward a new altcoin season. With Bitcoin dominance waning, Ether’s market structure and inflows suggest a