More on Circle Internet Group, Inc., Alibaba Alibaba: A Generational Buying Opportunity Before AI, Robotics, And Drones Take Hold Circle Internet Group: Honeymoon Phase Might Look Good Now Alibaba Remains Heavily Discounted Circle Internet arranges revenue-sharing deal with crypto exchange Bybit - report Circle Internet hit with Underperform rate as Wedbush challenges revenue outlook
Bitcoin’s trajectory following its recent peak is closely tied to prevailing macroeconomic factors and developments in global trade, according to Sid Powell, CEO of Maple, a prominent crypto asset management
CryptoSlam data shows that NFT sales volumes reached $2.82 billion in the first half of 2025, while DappRadar data shows a continued drop in trading volumes.
XRP has been one of the most-watched altcoins recently, with multiple developments emerging for its parent company, Ripple. However, while Ripple has seen a lot of positives, XRP has continued to struggle when it comes to price. Amid the selling, bulls have put up an impressive fight to hold the support above $2.2 for the time being. This has led to the formation of a new inverse head and shoulders pattern that could signal a reversal is coming. Analyst Highlights Bullish Formation For XRP Price Crypto analyst TheSignalyst, in a new analysis, showed that the XRP price has begun another bullish formation. This time around, it is the Inverse Head and Shoulders pattern that often precedes a surge for an asset. Not only has this formation come at a critical junction, it happened while bulls have maintained strong support levels. Related Reading: Altcoins Reclaim Trendline That Led To 2021 Explosion, Will History Repeat Itself? Through the market downtrend, the XRP price has been able to hold above $1.75 and $2, which the analyst points out as a major level. The return to this support level has brought a fresh wave of bullishness, and the XRP price could be ready for another uptrend from here. Presently, all eyes are on this support level, and TheSignalyst revealed that if XRP is able to hold this level, then the rally could be in motion. They point to the green neckline, which is shown in the chart as sitting just above $2.3, and this is the resistance that needs to be broken for the price to rally in the short term. For the long term, the analyst suggests that a clean break above the $2.66 level is needed. This is what would provide confirmation for a bullish continuation. If the setup holds, then the analyst puts the top of formation as high as $3.3 in the long term. Analysts Predict Higher Prices The calls for higher prices for XRP have grown louder, especially as investors have begun to make their bets once again. Analyst Crypto Virtuos pointed out that the XRP trading volume saw a notable uptick of 125% in a 24-hour period as interest ballooned once again. Related Reading: Bitcoin Price Crash To $92,000 Or New ATHs? Analyst Explains The 2 Options Amid this rise in momentum, the crypto analyst, just like TheSignalyst, also explained that $2.3 is the hurdle that is holding the XRP price back now. Therefore, the cryptocurrency does need to overtake this level if it is to see a continuation of the uptrend. At the time of writing, the XRP price is still trending below $2.3, with sellers showing signs of exhaustion. Once the selling stops, then the bulls could trigger another upward wave to retest the resistance at $2.3 once again. Featured image from Dall.E, chart from TradingView.com
Dubai is advancing its payment systems by integrating cryptocurrency options through partnerships between Emirates Airline and Dubai Duty Free with the digital asset platform Crypto.com. This initiative follows the signing of strategic Memorandums of Understanding (MoUs) aimed at enhancing digital finance innovation in the region. Dubai Duty Free, which reported over $1.12 billion in sales
The cryptocurrency world is buzzing once again, and this time, the spotlight is on a significant move by institutional player Abraxas Capital . In a development that has captured the attention of market analysts and investors alike, the London-based investment manager recently executed a massive Ethereum withdrawal , pulling 29,741 ETH—valued at an astounding $81 million—from major crypto exchanges like Binance and Kraken. This isn’t just another transaction; it’s a powerful signal in the volatile digital asset landscape, often interpreted as a strong indication of an intention for long-term holding . What does this bold move by Abraxas Capital truly signify for the future of Ethereum and the broader market? What’s Behind Abraxas Capital’s Latest Ethereum Withdrawal? When an entity like Abraxas Capital , a sophisticated investment manager, decides to move such a substantial amount of Ethereum (ETH) off centralized crypto exchanges , it sends ripples through the market. This isn’t a retail investor making a small transfer; it’s a strategic maneuver by a professional fund. Historically, large-scale withdrawals from exchanges are viewed as a bullish indicator because they typically reduce the immediate selling pressure on the asset. If ETH is sitting in an exchange wallet, it’s readily available to be sold. When it moves to cold storage or private wallets, it suggests the holder has no immediate plans to liquidate. For Abraxas Capital , this latest Ethereum withdrawal builds upon a pattern. While specific details of their portfolio strategy remain private, such actions often point to a conviction in the asset’s future price appreciation. It implies they are not looking to trade short-term fluctuations but rather accumulate and hold for a significant period, anticipating growth. This kind of move can be seen as a vote of confidence in Ethereum’s ecosystem, its ongoing development (like the Dencun upgrade and future scalability improvements), and its fundamental value proposition as the backbone of decentralized finance (DeFi) and NFTs. Consider the immediate implications: Reduced Supply on Exchanges: Less ETH available for immediate sale, potentially leading to upward price pressure if demand remains constant or increases. Strategic Accumulation: Indicates a belief in Ethereum’s long-term value, moving beyond speculative trading. Security Focus: Moving funds off exchanges into private, self-custodied wallets enhances security, mitigating risks associated with exchange hacks or regulatory uncertainties. The Significance of Institutional ETH Movements from Crypto Exchanges The involvement of institutional players like Abraxas Capital in the crypto space, particularly their strategic movements of assets like institutional ETH , is a game-changer. For years, the crypto market was primarily driven by retail investors. However, as the asset class matures, more traditional financial institutions are entering, bringing with them significant capital, sophisticated strategies, and a different risk appetite. Their moves are closely watched because they often reflect a deeper analysis of market fundamentals and long-term trends. When large amounts of institutional ETH are pulled from crypto exchanges , it sends a clear message: smart money is accumulating. This trend is not isolated to Abraxas Capital. We’ve seen similar patterns from other funds, signaling a growing comfort level and strategic commitment to digital assets. This institutional embrace lends legitimacy to the crypto market, potentially attracting even more mainstream investment and reducing its perceived volatility. Let’s look at the broader picture: Aspect Implication of Institutional Withdrawals Market Liquidity Decreases available supply on exchanges, potentially tightening liquidity for large sell orders. Price Discovery Suggests strong conviction, which can support price floors and contribute to upward momentum. Market Maturity Indicates growing institutional acceptance and integration of crypto into traditional portfolios. Investor Confidence Boosts confidence among retail investors, who often look to institutional movements for cues. The flow of institutional ETH off crypto exchanges isn’t just about supply and demand; it’s about the evolving narrative of cryptocurrency as a legitimate and valuable asset class for serious investors. Why Long-Term Holding Matters: A Deeper Dive The concept of long-term holding , often referred to as “HODLing” in crypto parlance, is a core strategy for many investors, but it carries particular weight when adopted by institutions. For Abraxas Capital to commit $81 million to this strategy for Ethereum signifies a belief that ETH’s intrinsic value will appreciate significantly over an extended period, outweighing short-term market fluctuations. Why is long-term holding such a powerful strategy, especially for an asset like Ethereum? Mitigating Volatility: Crypto markets are notoriously volatile. By holding long-term, investors aim to ride out the inevitable dips and corrections, focusing on the asset’s overall growth trajectory. Capitalizing on Fundamental Growth: Ethereum is not just a digital currency; it’s a decentralized computing platform with a vast ecosystem of dApps, DeFi protocols, and NFTs. Long-term holding allows investors to benefit from the network’s continuous development, adoption, and utility growth. Reduced Transaction Costs & Taxes: Frequent trading incurs transaction fees and can lead to more complex tax implications. A buy-and-hold strategy simplifies both. Conviction in the Asset’s Future: It signals strong conviction in Ethereum’s role in the future of finance and technology. This isn’t speculative gambling; it’s a calculated bet on a foundational technology. However, long-term holding isn’t without its challenges. It requires patience, conviction, and the ability to withstand significant paper losses during bear markets. It also necessitates a deep understanding of the asset’s fundamentals and a belief in its ability to adapt and thrive in a rapidly evolving technological landscape. For institutions, this strategy is often backed by extensive research, risk management frameworks, and a clear investment thesis. Challenges and Opportunities in the Wake of Large-Scale Ethereum Withdrawals While a large-scale Ethereum withdrawal like the one executed by Abraxas Capital is generally seen as bullish, it’s important to consider both the challenges and opportunities it presents for the broader market and individual investors. The immediate impact might be positive sentiment, but the long-term ramifications can be complex. Challenges: Reduced Liquidity: If too much ETH moves off exchanges, it could lead to thinner order books, making large buy or sell orders more difficult to execute without significant price impact. Increased Centralization Risk (paradoxically): While self-custody reduces exchange risk, if a few large institutions hold a disproportionate amount of ETH, it could raise concerns about whale influence on market dynamics, although Ethereum’s decentralized nature mitigates this somewhat. Market Volatility: While long-term holding aims to reduce individual exposure to volatility, a sudden large withdrawal can still trigger short-term price movements as the market reacts to the news. Regulatory Scrutiny: Increased institutional activity often attracts more attention from regulators, which can introduce new uncertainties for the market. Opportunities: Price Appreciation: The most direct opportunity is potential price appreciation due to reduced supply and increased institutional demand. Validation of Asset Class: Each major institutional move further validates cryptocurrency as a legitimate asset class, attracting more diverse investors and capital. Ecosystem Growth: Institutional confidence in Ethereum often translates into more investment in its underlying ecosystem, fostering innovation in DeFi, NFTs, and Web3 applications. Educational Moments: Such events provide valuable learning opportunities for retail investors to understand institutional strategies and market signals. For investors, understanding these dynamics is crucial. A large Ethereum withdrawal can be a signal to reassess one’s own portfolio strategy, potentially aligning more with a long-term perspective if the fundamentals align with their own research. Actionable Insights for Navigating the Institutional Crypto Landscape The actions of institutional giants like Abraxas Capital provide valuable insights, but how can individual investors translate this into actionable strategies? It’s not about blindly following; it’s about understanding the underlying rationale and applying it to your own investment framework. Do Your Own Research (DYOR): While institutional moves are informative, they should supplement, not replace, your own due diligence. Understand Ethereum’s technology, its roadmap, its competitors, and its adoption rate. Understand Market Signals: Learn to interpret on-chain data and institutional flows. Withdrawals from crypto exchanges are generally bullish, while deposits can signal potential selling pressure. Consider a Long-Term Perspective: If you believe in the fundamental value of Ethereum, adopting a long-term holding strategy can help you ride out market cycles and potentially benefit from significant growth. Diversify Your Portfolio: Don’t put all your eggs in one basket. While Ethereum is a strong asset, a diversified portfolio across different crypto sectors and traditional assets can help manage risk. Security First: If you plan for long-term holding , learn about self-custody solutions like hardware wallets to protect your assets from exchange-related risks. Stay Informed: Follow reliable crypto news sources and analysts to stay updated on major institutional moves, regulatory developments, and technological advancements. The increasing presence of institutions in the crypto space is a testament to its growing maturity and potential. By understanding their strategies and the signals they send, investors can better navigate this exciting yet complex landscape. Abraxas Capital’s substantial Ethereum withdrawal of $81 million from leading crypto exchanges is more than just a transaction; it’s a powerful statement of conviction in Ethereum’s enduring value and future potential. This move underscores a broader trend of institutional adoption and a strategic shift towards long-term holding of digital assets. As more sophisticated players enter the market, their actions provide crucial insights into the evolving landscape of cryptocurrency investment. For both seasoned and new investors, understanding these institutional flows is key to deciphering market sentiment and making informed decisions in the dynamic world of digital finance. The signal is clear: major players are not just dabbling; they are deeply committing to the future of decentralized technology. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum price action.
Dogecoin (DOGE) may have paved the way, but a new coin is surging toward the spotlight. Mutuum Finance (MUTM) is dominating early buzz as the best crypto to buy in 2025. With July unfolding fast, its momentum is undeniable, positioning itself as the unexpected breakout that could claim a seat in the crypto top 10. At its current price of $0.03 MUTM is flying fast during presale stage. Mutuum Finance is in presale stage 5 of which 60% has been sold out following investor frenzy. The project is at its lowest possible value of $0.03 and will never be lower. A 16.7% price surge will follow as phase 6 sets in. Over $12 million has been raised to date and over 13,000 investors have subscribed to presale. While mainstays coins maintain their course, Mutuum Finance is setting the pace, and smart money is moving before the month ends. Dogecoin: Steady Gains with Eyes on the Next Move Dogecoin is trading a bit above significant levels at the price of $0.17, and the market trend in general is being shifted towards bullish positions. Over the past week, DOGE has begun to show its new power, and analysts have offered it the potential of a breakout so long as it manages to break resistance above the price of $0.18. Renewed increase and strong two-bottom platform on the charts adjudges a submission that amassing is in practice. Speculation involving the likelihood of an ETF based on Dogecoin has further contributed to the short-term price targets being drawn further upwards as some traders now have the $0.25 price as being in their sights should the present momentum continue. As Dogecoin does its best to maintain a role in the list of the most influential assets, in the background, a new propulsive asset by Mutuum Finance represents a novice on the field attracting the interest of new investors. $12M Raised, Mutuum Finance Presale Breaks New Ground Mutuum Finance (MUTM) has taken over 2025 as one of the most promising DeFi tokens in 2025. With over $12 million raised and over 13,000 investors already in, the presale is gaining real traction. During phase five, the token is priced at $0.03. The next stage will see the price increase to $0.035, and with an already set official launch price of $0.06, early investors are already on a 100% profit. MUTM can skyrocket to as high as $3 after launch. That is a 9900% ROI for current purchasers. Game-Changing Lending Model Mutuum Finance offers a non-custodial liquidity protocol where users own complete control of assets throughout decentralized lending. The project follows a double-model approach that incorporates Peer-to-Contract and Peer-to-Peer lending in an attempt to achieve greater flexibility and efficiency. Peer-to-Contract system utilizes smart contracts to establish automatic lending with no human interference and rather, the smart contracts respond to the market by giving dynamic interest rates. Peer-to-Peer model eliminates middlemen and thus gives direct access between the borrowers and the lenders. The model is highly preferred by users for volatile assets where there exists a necessity for flexibility and tailored terms. Mutuum Finance Giveaway to Reward Early Token Holders Mutuum Finance (MUTM) is hosting a $100,000 giveaway . 10 people will each receive $10,000 worth of MUTM tokens. The project has also launched a new leaderboard where top 50 token holders will be rewarded with bonus tokens. The mechanism introduces fun and loyalty and bootstraps high-gear ecosystem growth. Mutuum Finance Announces $50,000 Bug Bounty To improve security, Mutuum Finance has initiated a $50,000 Bug Bounty Program with CertiK. Every vulnerability will be rewarded, with the bounty focusing on four key levels: critical, major, minor, and level four will be low. Mutuum Finance has raised over $12 million from 13,000+ investors, selling out 60% of Stage 5 at just $0.03. Secure your tokens now before Stage 6 pricing kicks in. For more information about Mutuum Finance (MUTM) visit the links below Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
The breach took place in June of 2024, but was only recently made public due to an ongoing federal investigation. It compromised sensitive customer data including names, driver’s license numbers, and contact information. This incident now adds to a growing list of major hacks in 2025, including the recent $40 million GMX V1 exploit and the $1.4 billion Bybit hack earlier this year. Meanwhile, regulators are cracking down on crypto ATMs globally. In fact, New Zealand became the latest country to ban them entirely to combat money laundering. The city of Spokane in Washington State also enacted a full ban on crypto ATMs due to their use in defrauding vulnerable populations. Crypto ATM Giant Discloses 2024 Breach Bitcoin Depot, one of the largest crypto ATM operators in the United States, confirmed a data breach that compromised the personal information of almost 27,000 customers. The incident took place on June 23, 2024, but was only disclosed this week after the company received clearance from law enforcement. According to a notice that was filed with the attorneys general in Maine and Massachusetts, the breach affected 26,732 people and involved sensitive data, including names, phone numbers, driver's license numbers, and potentially addresses, birth dates, and email addresses. Part of the notice that was sent out to affected customers A Bitcoin Depot spokesperson shared that the notification delay was due to instructions from federal law enforcement, which were conducting an investigation into the breach. The company was only advised on June 13, 2025, that the investigation concluded and that it could begin notifying those affected. The breach was first detected in June of 2024, when the company noticed some unusual activity on its network. Bitcoin Depot immediately launched an investigation with a top cybersecurity firm, which confirmed on July 18, 2024, that an unauthorized party accessed files containing customer information. While the company claims there is no evidence that the stolen information was misused, it is urging customers to monitor their credit reports and consider placing fraud alerts or security freezes with major credit agencies. Bitcoin Depot says it has since taken steps to improve its cybersecurity infrastructure, including enhanced monitoring, increased internal awareness around data protection, and cooperation with law enforcement. This incident happened amid a series of high-profile data breaches in the crypto sector, including a December 2024 attack on Byte Federal that affected up to 58,000 users and a May 2025 breach at Coinbase, where hackers bribed third-party contractors and later demanded a $20 million ransom . Recent reports also indicate that more than 16 billion login credentials have been exposed this year alone, thanks to hackers targeting digital platforms with valuable user data. GMX V1 Hit by $40M Exploit Bitcoin Depot is certainly not alone in its struggles against crypto criminals. The GMX protocol halted trading on its GMX V1 platform after a major exploit that resulted in the theft of $40 million in digital assets. The breach affected a liquidity pool on the Arbitrum network that underpins the GMX V1 exchange. This pool included assets like Bitcoin, Ethereum, and stablecoins. The stolen funds were then transferred to an unknown wallet. In response, the GMX team suspended minting and redemption of GLP tokens on both the Arbitrum and Avalanche networks as a precautionary measure. Users were advised to disable leverage trading and adjust their settings to stop minting GLP tokens. According to the GMX team, the exploit was isolated to GMX V1 and does not impact GMX V2, its associated markets, or the GMX token itself. Blockchain security firm SlowMist attributed the incident to a design flaw in the GLP token's pricing mechanism, which allowed attackers to manipulate the total assets under management and execute the exploit. This latest attack now only adds to the growing list of cybersecurity breaches in the crypto. Space, which already led to billions in losses. In the first half of 2025 alone, crypto hacks caused an estimated $2.5 billion in damages . A big portion of that, approximately $1.4 billion, stemmed from the Bybit hack in February. In another recent incident, Iranian crypto exchange Nobitex suffered over $81 million in losses due to a cyberattack by a group known as Gonjeshke Darande, forcing a temporary pause in services. To complicate things even more for the security landscape, the United States Treasury’s Office of Foreign Assets Control announced sanctions on North Korean hacker Song Kum Hyok. The hacker is tied to state-affiliated cyber operations, and is accused of infiltrating cryptocurrency firms and defense contractors using social engineering and advanced breach tactics. New Zealand Bans Crypto ATMs Nationwide While exploits are causing problems for the crypto industry, crypto ATM’s are also starting to frustrate regulators. New Zealand even recently introduced a nationwide ban on cryptocurrency ATMs and imposed a $5,000 limit on international cash transfers as part of sweeping reforms that are specifically aimed at combating money laundering and organized financial crime. The measures were announced by Associate Justice Minister Nicole McKee, who explained that the government is very committed to targeting criminal activity while minimizing regulatory burdens for legitimate businesses. McKee stated that banning crypto ATMs will make it much harder for criminals to convert cash into high-risk digital assets, which are often used to conceal illicit transactions. Crypto ATMs The crackdown is part of the broader overhaul of New Zealand’s Anti-Money Laundering and Countering the Financing of Terrorism regime. The reform package also grants the Financial Intelligence Unit expanded authority to request ongoing information from financial institutions about individuals flagged for suspicious activity. Two new legislative bills supporting these reforms are currently in parliament and are expected to pass by the end of the year. The goals of these laws are to reduce compliance complexity for honest businesses while also maintaining robust financial oversight. The government’s approach is informed by an April report from New Zealand’s Ministerial Advisory Group on Transnational, Serious and Organised Crime, which shed some light on the increasing use of crypto ATMs to launder money, particularly for drug trafficking and fraud. According to Coin ATM Radar , over 220 crypto kiosks are currently operating across the country, but all will be removed under the new rules. Bitcoin ATMs in New Zealand (Source: Coin ATM Radar ) New Zealand’s move is similar to the global trend of tightening controls around crypto ATMs. In Australia, the financial intelligence agency AUSTRAC recently introduced new restrictions on crypto ATM operations, including caps on cash deposits and stricter compliance requirements. Similarly, the city of Spokane in Washington State enacted a full ban on crypto ATMs, due to their use in defrauding vulnerable populations, particularly in low-income communities.
Spot Bitcoin exchange-traded funds (ETFs) have now surpassed $50 billion in cumulative net inflows, less than two years since their debut in January 2024. Key Takeaways: Spot Bitcoin ETFs have surpassed $50 billion in net inflows just 18 months after launch. BlackRock’s IBIT leads the market, now holding over 700,000 BTC. Analysts expect SEC approval for Solana, XRP, and Litecoin ETFs soon. On July 9 alone, the market saw $218 million in net inflows, marking the fifth consecutive day of positive momentum, according to SoSoValue data . Over the past five trading days, U.S. spot Bitcoin ETFs have pulled in nearly $1.52 billion. Bitcoin ETF Inflows Accelerate in July After Brief Setback Inflows into spot Bitcoin ETFs have steadily accelerated throughout July following a brief setback After a $342 million net outflow on July 1, institutional appetite rebounded sharply, with daily inflows peaking at $601.94 million on July 3. Total net assets under management across all funds now sit at $139.39 billion. BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate the landscape, amassing a net inflow of $53 billion. Fidelity’s FBTC follows with $12.29 billion. In contrast, the Grayscale Bitcoin Trust (GBTC) remains the only fund with net outflows, losing $23.34 billion since its conversion. IBIT’s dominance was further cemented this week when it became the first ETF to hold over 700,000 BTC, now accounting for over 55% of all BTC held in U.S. spot Bitcoin ETFs. Remarkably, BlackRock is now reportedly earning more from IBIT than from its long-established iShares Core S&P 500 ETF. Commenting on IBIT’s explosive growth, Nate Geraci, president of NovaDius Wealth Management, said recently that it has already become BlackRock’s third-highest revenue-generating ETF out of 1,197 products, surpassing even some of the firm’s flagship traditional funds. The nearly $75bil iShares Bitcoin ETF has only one month of outflows since Jan 2024 launch… Now generates more fee revenue for BlackRock than its largest ETF, the iShares S&P 500 ETF. Simply a machine. I offer a few thoughts here. via @isabelletanlee https://t.co/uDv6eiVb4b pic.twitter.com/pPwMQbfplW — Nate Geraci (@NateGeraci) July 3, 2025 As reported, Bloomberg’s senior ETF analysts have assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year, raising their previous odds from 90% amid growing optimism for institutional crypto products. They also expect a crypto index ETF tracking multiple assets could gain approval as early as this week, signaling broader access to altcoins for traditional investors. Institutional Bitcoin Demand Shifts From ETFs to Corporate Treasuries Beyond ETFs, institutional Bitcoin demand is spreading into corporate treasuries. Japan’s Metaplanet recently bought $237 million worth of BTC , becoming the fifth-largest corporate holder with a stack exceeding 15,500 BTC. France’s The Blockchain Group and the UK’s Smarter Web Company also made new BTC treasury allocations this week, purchasing $12.5 million and $24.3 million worth of Bitcoin respectively. Remixpoint, a Tokyo-listed firm, raised $215 million to fund a planned accumulation of 3,000 BTC. Meanwhile, Bitcoin reached a new all-time high of $112,000 on Wednesday, triggering nearly $200 million in short liquidations. Ether followed closely behind, climbing 6.6% in 24 hours to trade at $2,778, with analysts predicting a potential breakout past $3,000 in the coming days. The post Spot Bitcoin ETFs Attract Another $218M, Total Net Inflows Top $50B Since Launch appeared first on Cryptonews .
FTX’s recent proposal to exclude creditors from 49 jurisdictions, including China, has sparked legal opposition, highlighting critical issues in crypto bankruptcy settlements. A group of Chinese creditors, led by Weiwei