Asia-Pacific markets traded higher on Wednesday following Tuesday’s announcement by US President Donald Trump of a major tariff deal with Japan, including a 15% levy on Japanese exports, while US–China trade talks are also gaining momentum ahead of the August 12 deadline. Gold dipped to around $3,420 per ounce on Wednesday, snapping a three-day winning streak and pulling back slightly from a five-week-high. Japan ( NKY:IND ) and Topix indexes rose 3.64% , with the latter reaching one-year highs. The Japanese yen held its recent advance to around 146.5 per dollar on Wednesday, hovering at a near two-week high following news of a trade agreement between the US and Japan. President Donald Trump announced a trade agreement with Japan that includes a 15% tariff on Japanese exports to the US. He also said Japan will invest $550 billion into the US and open its markets to key American goods. Japan has agreed to import more U.S. rice within its existing tariff-free quota as part of a broader bilateral trade deal that also includes a reduction in reciprocal tariffs on U.S. and Japanese goods from a previously proposed 25% to 15%. Bank of Japan Deputy Governor Shinichi Uchida signaled caution on further rate hikes, citing “extremely high” uncertainty surrounding U.S. trade policy and its global economic impact. Meanwhile, Japan is investigating nickel-based stainless cold-rolled steel sheets and strips from China and Taiwan, the trade and finance ministries announced Tuesday. This follows a petition from Nippon Steel due to falling domestic demand and cheaper imports. Japanese Prime Minister Shigeru Ishiba is reportedly weighing whether to step down, depending on the outcome of ongoing tariff talks with the U.S., according to the Yomiuri newspaper. China ( SHCOMP ) rose 0.75% to above 3,590 while the Shenzhen Component fell 0.1% to 11,090 on Wednesday, with mainland stocks showing mixed performances as uncertainty over US-China trade relations persisted, and the offshore yuan edged higher to around 7.16 per dollar on Wednesday, hitting its highest level in over two weeks, as investors kept a close eye on developments in US-China trade relations. US Treasury Secretary Scott Bessent recently announced that officials from Washington and Beijing will convene in Stockholm next week for a third round of high-level talks, focusing on securing an extension of the current pause in trade tensions beyond mid-August. Investors are now turning their attention to China’s upcoming industrial profits data, set to be released this weekend. Hong Kong ( HSI ) rose 1.43% to 25,264 in Tuesday morning deals, extending gains for the fourth straight session while staying at their highest level since November 2021. India ( SENSEX ) rose 0.17% India and the UK are set to sign a free trade agreement on Thursday during Prime Minister Modi's visit to Britain, Reuters said. Under the deal, India will reduce tariffs on British whisky, cars, and certain food items, while the UK will grant duty-free access to Indian textiles and electric vehicles. Australia ( AS51 ) rose 0.77% to above 8,720 on Wednesday, extending gains from the previous session, as sharp advances in gold stocks and heavyweight miners boosted the index. The Australian dollar edged higher to around $0.656 on Wednesday, marking its fourth straight session of gains, supported by improved market sentiment amid fresh global trade developments. The Westpac-Melbourne Institute Leading Economic Index for Australia was flat in June 2025, following an upwardly revised 0.1% gain in May. The Central Bank of Sri Lanka kept its benchmark interest rate unchanged at 7.75% during its July 2025 meeting, aiming to steer inflation toward the 5% target while supporting the ongoing economic recovery. Indonesia has agreed to eliminate tariffs on over 99% of U.S. goods and remove all non-tariff barriers facing American firms, while the U.S. will reduce its threatened tariffs on Indonesian products to 19% from 32%, both countries announced on Tuesday. In the U.S., on Tuesday, all three major indexes ended mixed as the S&P 500 notch a fresh record, rising roughly by 0.1%, the Dow added 170 points, while the Nasdaq 100 slipped 0.5% ahead of key earnings reports from Alphabet and Tesla. U.S. stock futures rise on Wednesday after President Trump announced a trade deal with Japan involving a 15% tariff on all goods, including autos.: Dow +0.33% ; S&P 500 +0.26% ; Nasdaq +0.15% . Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ). More on Asia: Trump says U.S. strikes ‘massive’ trade deal with Japan, imposes 15% tariffs Japan vows more rice imports from U.S. as part of trade deal Japanese PM Shigeru Ishiba to step down RBA holds rates steady, citing unclear inflation picture in July minutes Japan's core inflation eases to 3.3% in June, slowest pace since March
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Analysts speculate the Securities and Exchange Commission could be stalling until it creates listing standards for crypto ETFs, or is trying to stop its sole Democrat commissioner from disrupting the approval process.
Ethereum's rally and surging ETF inflows are leading its investors to outperform Bitcoin holders, backed by growing institutional interest.
Mercurity Fintech (MFH) has secured a $200 million equity line from Solana Ventures to launch a comprehensive solana-based treasury initiative. Solana Ventures Backs Mercurity With $200 Million for SOL-Based Treasury Mercurity Fintech Holding Inc. (Nasdaq: MFH) has announced a strategic $200 million equity line of credit from Solana Ventures Ltd., marking a major step in
XRP is up 9% in the last 48 hours, HBAR has exploded 33% on exchange and CBDC news, and LINK just printed a 6.8% gain backed by surging derivatives activity. But perhaps the most underrated move? MAGACOIN FINANCE , the meme-powered altcoin with a political edge, just crossed 1,500 wallets — all in under 72 hours. No listings, no celebrity push. Just raw, decentralized traction. Here’s how the headlines stack up. MAGACOIN FINANCE Surpasses 1,500 Wallets in 72 Hours While XRP, HBAR, and LINK continue to dominate headlines, MAGACOIN FINANCE is quietly gaining serious momentum from the grassroots level. In just 72 hours, the decentralized political memecoin surpassed 1,537 verified wallets — all without a centralized exchange listing, token inflation, or venture capital backing. At its core, MAGACOIN FINANCE offers a distinct value proposition shaped by structure and story. The project operates on a fixed token supply, features a fully audited contract verified by both HashEx and CertiK, and is entirely community-owned, eliminating any risk of venture capital sell-offs. Its identity is deeply tied to the “Make America Great Again” movement, giving it a cultural resonance rarely seen in meme-powered altcoins. This isn’t a project mimicking trends. MAGACOIN FINANCE is tapping into the same mix of ideology and early crypto conviction that helped SHIBA INU explode in 2021. It’s evolving into a decentralized belief network — not just a speculative token. With wallet adoption accelerating and the presale still ongoing, MAGACOIN FINANCE may be on the cusp of becoming one of the most narrative-driven launches of 2025. XRP Approaches Breakout Territory XRP is gathering momentum again, bolstered by speculation of ETF developments and renewed institutional demand. The latest surge, nearly 9% in 48 hours, follows news of Ripple’s expanded partnerships and a spike in cross-border remittance flows. Analysts now expect a run toward the $2.80–$3.00 range, citing strong support zones and whale accumulation on-chain. As XRP inches closer to its previous cycle high, eyes are now on whether regulatory tailwinds and infrastructure upgrades could finally push it over the edge this quarter. HBAR Rockets on Kraken Listing and CBDC Boost Hedera (HBAR) has been one of the most explosive movers in July. In just two days, HBAR surged 33.2% , breaking out of a long-term downtrend after: A new Kraken listing went live Confirmation that AP+, a Hedera Council member, was selected for Australia’s CBDC pilot A major fund rebalancing , with Grayscale Smart Contract Fund allocating 5.8% to HBAR The token topped the CoinDesk 20 index on July 11 with a 13.5% daily gain and trading volume exceeding $800M. Hedera is finally breaking into both the institutional and retail spotlight — and the market is responding. Chainlink (LINK) Builds Quiet Strength While less explosive than HBAR, LINK is quietly regaining market confidence. Trading at $15.23, the token is showing signs of a long-anticipated breakout, backed by: A 40.49% jump in derivatives volume to $1.18 billion 68.32% of positions leaning long, suggesting bullish leveraged sentiment Analysts projecting a breakout toward the $18–$22 range No major partnership headlines dropped this week, but Chainlink’s consistent role in DeFi and real-world asset tokenization continues to anchor its long-term narrative. Final Thoughts XRP is gunning for its ATH, HBAR is attracting institutions, and LINK is awakening from its slumber. But the most grassroots momentum right now? It belongs to MAGACOIN FINANCE . In just three days, 1,500+ wallets have jumped in. That’s a SHIBA-era flashback — only this time, the token is politically charged, structurally sound, and fully owned by its holders. If you’re watching the altcoin rotation closely this month, don’t sleep on this community-powered outlier. To learn more about MAGACOIN FINANCE: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: XRP Eyes ATH — HBAR and LINK Spike, and MAGACOIN FINANCE Surpasses 1,500 Wallet Holders in 72 Hours
Tesfaye sees the legislation as a pivotal step toward legitimizing blockchain innovation and encouraging dialogue between Web3 leaders and policymakers. Stablecoins, which are often backed by government bonds, are becoming a vital entry point for RWA adoption. Meanwhile, Republican senators have introduced the Responsible Financial Innovation Act to complement the House’s CLARITY Act, aiming to establish a clearer digital asset market structure. GENIUS Act Could Fuel Rise of Tokenized RWAs Real-world asset (RWA) tokenization is quickly becoming one of Wall Street’s most significant innovations, and its momentum is expected to grow even faster after the recent passage of the GENIUS Act in the United States. According to Solomon Tesfaye , the newly appointed chief business officer at Aptos Labs, the legislation is a strong signal that US lawmakers are ready to embrace responsible blockchain innovation. Tesfaye pointed out how the GENIUS Act—short for Guiding and Establishing National Innovation for US Stablecoins—is already encouraging more dialogue between policymakers and Web3 leaders, giving institutional players a lot more confidence to build long-term digital asset strategies. The GENIUS Act was passed by the US House of Representatives and signed into law by President Donald Trump. It provides a regulatory framework for the $260 billion stablecoin market. While stablecoins are not typically included in RWA metrics, their backing by government bonds and other tangible assets effectively positions them in the broader RWA landscape. Tesfaye explained that stablecoins serve as a key on-ramp for RWA adoption by offering predictability, improved liquidity, reduced transaction costs, and a smoother bridge between traditional finance and decentralized finance. To date, the bulk of RWA tokenization focused on private credit and US Treasury debt. A report by RedStone, Gauntlet, and RWA.xyz found that private credit made up around 60% of the RWA market as of June, with tokenized Treasurys representing about 28%. RWA value by category (Source: RWA.xyz ) Tesfaye believes that these asset classes are ideal starting points for bringing traditional financial products onto blockchain infrastructure, thanks to their ease of settlement, trading, and fractionalization when on-chain. However, he also sees potential for tokenization to expand into more sophisticated and less traditional areas like derivatives, intellectual property, and other complex financial products, especially as the ecosystem matures. Aptos itself quickly stepped up as a key player in the RWA space. Data suggests that the total value of tokenized RWAs on the Aptos blockchain exceeded $540 million in June. This growth has been fueled by issuers like Berkeley Square of the PACT Consortium and BlackRock’s BUIDL fund, which made its debut on Aptos less than a year ago. With a much more favorable regulatory environment now in place, Aptos and other blockchain platforms are well positioned to lead the next wave of financial innovation. Senate Drafts New Law for Crypto Regulation Only time will tell what the effect on new crypto bills will be on the crypto space. In fact, Republican leaders on the US Senate Banking Committee introduced a draft version of legislation that is aimed at establishing a clearer digital asset market structure, potentially aligning with a bill that already passed by the House of Representatives. On Tuesday, Senators Tim Scott, Cynthia Lummis, and two other Republicans released the discussion draft, which they said builds on the Digital Asset Market Clarity (CLARITY) Act passed by the House on July 17. This new Senate initiative is tentatively titled the Responsible Financial Innovation Act. (Source: US Senate Committee on Banking, Housing and Urban Affairs ) Senator Scott explained that lawmakers across both chambers are working toward the shared goal of creating clear and practical rules for the digital asset sector. While the House recently approved three crypto-related bills with bipartisan support, GENIUS Act passed both chambers and was signed into law by President Donald Trump. Both the House and Senate versions of the market structure legislation propose updates to disclosure requirements under the Securities Act of 1933. This reflects the consensus that current laws are inadequate for regulating digital assets. The CLARITY Act promotes increased cooperation between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in developing digital asset transaction frameworks. The Senate's draft also introduces provisions concerning “ancillary assets,” which refers to digital assets that are not categorized as securities. These updates are aimed at better distinguishing different types of tokens and providing clarity to developers, issuers, and investors. (Source: US Senate Committee on Banking, Housing and Urban Affairs ) Liat Shetret , vice president of global policy and regulation at Elliptic, pointed out that the CLARITY Act’s advancement to the Senate is a sign of mounting support for comprehensive crypto policy. However, she also warned that full passage may take time, especially with Congress heading into its summer recess. Despite Republican control of the Senate, the bill’s future is still uncertain. Although more than 70 House Democrats joined Republicans in supporting the CLARITY Act, any amendments made by the Senate could reignite debates or lead to resistance.
Solana started a fresh increase above the $185 zone. SOL price is now correcting gains and might find bids near the $195 support zone SOL price started a fresh upward move above the $185 and $192 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $205 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it cleared the $180 resistance, like Bitcoin and Ethereum . SOL climbed above the $185 level to enter a short-term positive zone. The price even smashed the $200 resistance. A high was formed at $207 and the price is now correcting gains. There was a move below the $205 level and toward the 23.6% Fib retracement level of the upward move from the $178 swing low to the $207 high. Solana is now trading above $195 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $205 level. The next major resistance is near the $208 level. The main resistance could be $215. A successful close above the $215 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level. Are Downsides Limited In SOL? If SOL fails to rise above the $208 resistance, it could start another decline. Initial support on the downside is near the $199 zone and the trend line. The first major support is near the $195 level. A break below the $195 level might send the price toward the $192 support zone or the 50% Fib retracement level of the upward move from the $178 swing low to the $207 high. If there is a close below the $192 support, the price could decline toward the $185 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $199 and $192. Major Resistance Levels – $208 and $215.
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Cryptocurrency analyst Joao Wedson has published a comprehensive analysis of the competition between Ethereum and Tron blockchains over the USDT supply. Wedson made important inferences based on the USDT supply rate, supply gap, and the relationship between these metrics and the Bitcoin (BTC) price. USDT Supply on the Ethereum Network Increases During Bullish Periods According to Wedson's assessment, the USDT supply ratio between Tron and Ethereum rose from 0.3 in 2019 to over 1.0 in 2022-2023, demonstrating that Tron is gaining significant momentum thanks to its low transaction fees. A particularly striking pairing was seen in 2021, when Tron's USDT supply surpassed Ethereum's for the first time, and BTC's peak of $64,000. While the rate will fall again in 2024-2025, it coincided with BTC's peaks above $100,000. According to Wedson, this suggests that in bull markets, investors tend to take advantage of the security offered by Ethereum, despite its higher transaction fees. However, recent data suggests that Tron is regaining the upper hand. Related News: Renowned Analyst Assesses Bitcoin Price for the Coming Days! How High Can It Go? What Is the State of the Fear and Greed Index? Stating that the USDT supply has increased significantly on both Tron and Ethereum since 2019, Wedson said that Ethereum was initially the leader, but Tron achieved a strong position by first exceeding $60 billion and then $80 billion by 2025. According to Wedson, supply increases on both chains generally coincide with increases in the BTC price, while Ethereum maintains its appeal to investors thanks to its DeFi infrastructure, especially during periods of market volatility. The supply gap remained negative until 2021, reflecting Ethereum's dominance. However, in 2022-2023, this gap reached a positive level of $3-8 billion, marking Tron's rise to the top. The gap returned to negative in 2025, with recent data showing that Tron holds approximately $3.9 billion more USDT than Ethereum. Chart showing the supply rates of USDT on the Tron and Ethereum networks versus the price of Bitcoin. *This is not investment advice. Continue Reading: New Metric Discovered to Understand Whether Cryptocurrencies Are in a Bull or Bear Market