The US Treasury removed crypto broker reporting for DeFi platforms. This change reduces bureaucratic burdens, promoting growth and innovation in the sector. Continue Reading: The US Treasury Paves Way for Easier Crypto Transactions The post The US Treasury Paves Way for Easier Crypto Transactions appeared first on COINTURK NEWS .
Altcoins have endured years of underperformance as Bitcoin continues to dominate the crypto market. Despite several short-lived rallies, most altcoins remain far below their previous highs, weighed down by investor skepticism and capital concentration in BTC. However, there are signs that sentiment might be shifting. In recent days, strong altcoins have started to recover, showing resilience as broader market conditions improve. Related Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape Top analyst Carl Runefelt shared a technical setup revealing that the altcoin market is now bouncing off a major support zone. This move has sparked fresh debates among traders and investors. Is this the start of a long-awaited altseason, or merely a temporary relief bounce before further downside? The bounce comes as macroeconomic uncertainty begins to fade and liquidity returns to the crypto market. Still, key resistance levels remain untouched for many projects, and overall confidence in altcoins hasn’t fully returned. While the current setup is promising, confirmation will depend on whether this rally can break above critical levels and sustain higher prices. Altcoins Eye A Breakout As Ethereum Holds The Key Altcoins remain nearly 50% below their all-time highs, but sentiment is beginning to shift. Bulls are preparing for an expansive move across the board, with growing anticipation that a breakout could materialize once Ethereum clears its current resistance zone. Since early May, ETH has been trading in a well-defined consolidation range, and altcoins have mirrored this sideways behavior, struggling to gain momentum without a clear signal from the market’s second-largest asset. Carl Runefelt recently shared insights suggesting that the altcoin market is showing signs of life. By analyzing the TOTAL3 chart—which tracks the combined market cap of all cryptocurrencies excluding Bitcoin and Ethereum—Runefelt highlights that altcoins are bouncing off key support in BTC terms. This bounce could indicate the beginning of a recovery rally, especially if capital rotation from BTC into altcoins accelerates in the coming sessions. Historically, altcoins thrive when Ethereum leads the charge. A confirmed breakout above the $2,800 resistance zone could ignite broad participation and kickstart a new altseason. The current market structure suggests that many investors are positioning early, anticipating that macroeconomic clarity and market stability will fuel risk-on behavior. However, the rally is not yet confirmed. Bulls still need Ethereum to break out decisively and sustain momentum above recent highs. If that happens, many oversold altcoins could see sharp recoveries and set the stage for a broader market expansion. For now, patience and timing remain key as traders watch ETH and TOTAL3 closely for signals of the next leg up. Related Reading: Ethereum Price Action Signals Momentum Shift: BTC Sleeps And ETH Moves TOTAL3 Chart Shows Key Rebound From Macro Support The TOTAL3 chart, which measures the total crypto market cap excluding Bitcoin and Ethereum, is showing early signs of recovery after a sustained period of weakness. As of now, the chart reflects a bounce from the $830 billion level, which aligns closely with the 100-week simple moving average (SMA), currently acting as dynamic support. This level has historically served as a critical pivot zone, especially in mid-cycle consolidations. The market cap sits near $875 billion, still over 40% below the previous cycle’s peak, but with bullish momentum building. The recent weekly candle has posted a strong green body, suggesting renewed interest in the altcoin segment. Volume has also picked up, showing growing confidence among participants as many altcoins recover from deeply oversold conditions. Related Reading: ERC-20 Stablecoin Supply Hits All-Time High At $121B – Liquidity On The Rise Technically, this bounce could signal the beginning of a new macro leg higher, especially if the 50-week SMA is reclaimed and price holds above $900 billion. The overall structure remains constructive, with higher lows forming since late 2022 and price compressing into a potential breakout formation. Featured image from Dall-E, chart from TradingView
dogwifhat rallies to hit a monthly high of $0.982 amid soaring demand. What next?
Jack Yi, founder of LD Capital, recently highlighted on the X platform that Ethereum (ETH) surpassing the $3,000 threshold signals the onset of a renewed bull market within the cryptocurrency
Bitcoin has demonstrated a sustained upward trajectory over recent sessions, reflecting growing investor confidence in the flagship cryptocurrency. This bullish momentum has positively influenced related markets, with Hong Kong-listed cryptocurrency
Qubetics emerges as a leading contender in the Layer-1 blockchain space, capturing investor attention with its rapid price surge and innovative interoperability features. While Cosmos continues to maintain its position
Securitize CEO Carlos Domingo has declared that native tokenization is the only authentic way to represent securities on a blockchain. Speaking to the media, Domingo said that anything less than native tokenization risks confusing investors and weakening the promise of blockchain technology. There’s no true on-chain model for securities today—most are confined to walled gardens, Domingo argued in a recent interview . In contrast, native tokenization builds, issues, and records securities directly on the blockchain, with no intermediaries or replicas of traditional assets involved. Exodus, a crypto software company, is one such example, with its stock trading on the Securitize platform as tokens, for one thing. Investors have a blockchain-based token that is legally the share itself. This would remove counterparty risks, operational friction, and fragmentation, common when a record of value is stored off-chain and on-chain do not tally, Domingo continued. He also cited BlackRock’s Institutional Digital Liquidity Fund (BUIDL), a $2.8 billion money market fund, as an example of how native tokenization can be done at scale. Rather than using a traditional fund with centralized databases and third-party custodians, Securitize acts as the fund’s on-chain transfer agent, keeping the share register for all shares on its cap table on Ethereum. Regulators caution against synthetic token offerings Amid the scramble in tokenization, US regulators grow increasingly weary of how securities are being redesigned on-chain, especially when the technology ostentatiously obscures legal responsibilities. This week, SEC Commissioner Hester Peirce released a statement reminding the industry and retail investors that tokenized assets are still subject to securities laws. She cautioned that blockchain’s technological properties do not alchemically alter the legal nature of an asset. “As powerful as blockchain technology is, it does not have magical abilities to transform the nature of the underlying asset,” she wrote. “Tokenized securities are still securities.” Her remarks come at a time of mounting anxiety that forays by non-native token models, including those recently launched by Robinhood and Kraken, are misguided. Robinhood’s tokens debuted last month on Ethereum’s Arbitrum network and don’t correspond to direct ownership in stocks like OpenAI or Tesla. Instead, they provide “indirect exposure” to private companies via tokenized contracts. The tokens are not tradeable off the platform, are unavailable to US customers, and are subject to full KYC (Know Your Customer) checks. Kraken has gone a different direction. It’s xStocks, which are released through the Switzerland-headquartered company Backed, are permissionless and can be traded on decentralized exchanges. But US investors remain locked out again, underscoring the tough compliance maze. Lawyers such as Anthony Tu-Sekine, head of the blockchain group at law firm Seward & Kissel, pointed out that the legal boundaries remain clear despite technological developments. Tokenization is the future, but it’s time to learn some hard lessons Interest in the concept of tokenization has spiked this year as platforms race to bridge the world of traditional finance and that of crypto. However, previous experiments demonstrate that shortcuts or vague models can backfire. Crypto exchange giants such as Binance and one-time FTX have attempted to launch tokenized stock products in recent years. Such offerings were never realized due to regulatory implications. Abra, a digital asset platform, launched tokens based on contracts attached to US stocks and ETFs in 2019. However, after the SEC and the CFTC opened an inquiry , the company stopped the program and agreed to pay $150,000 in penalties to each organization for selling unregistered securities and breaking laws governing derivatives. Still, regulators have been more open lately. In May, the SEC held a roundtable on tokenization that gathered a range of voices from the crypto and financial sectors. SEC Commissioner Mark Uyeda said the session was part of an effort to understand the evolving market better. He noted that, in recent history, people seemed to have forgotten one of the most basic principles—that investors and issuers possess valuable perspectives and experiences. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
On July 11, Sharplink Gaming, often referred to as the “ETH version of MicroStrategy,” expanded its Ethereum portfolio by acquiring an additional 12,648 ETH, valued at approximately $35.31 million, as
Ripple USD just took a giant leap toward mainstream financial dominance, with institutional backing and regulatory clarity setting the stage for explosive global adoption. RLUSD Highlights Regulatory Trust in Global Finance Evolution Stablecoins are gaining ground as trusted financial instruments, with major custodial partnerships pointing to a broader institutional shift in how digital assets are