Dubai, United Arab Emirates, July 11th, 2025, Chainwire Fresh off the heels of a bold rebrand, Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is inviting its global community to take center stage. Today, Bybit unveils the Merch Ambassador Program, a worldwide campaign designed to spotlight 200 crypto believers—100 Web3 builders and 100 student pioneers—as brand ambassadors of its iconic new identity: #IMakeIt. A call to those shaping the future of finance and those just beginning their journey. It’s a chance to wear belief, embody the spirit of possibility, and be featured as the global faces of one of the largest branding campaigns in crypto history. “The #IMakeIt campaign is about individuals taking ownership of what’s possible,” said Claudia Wang, Head of Marketing at Bybit . “With this ambassador program, we’re turning the spotlight on our community—those who build, learn, lead, and inspire. It’s a celebration of identity, and a powerful way to amplify real voices from around the world.” What’s in It for Ambassadors? Participants will receive: Full-set Official Bybit Merch Kit – designed to make a statement Global Exposure – be featured on Bybit’s social media, emails, app, and more Recognition – join an exclusive circle of community leaders Opportunities for Future Collaboration – grow alongside Bybit’s mission to reshape finance Who Can Apply? ByBUIDLers – For crypto founders, developers, and Web3 builders who are innovating every day. Students – For university leaders, blockchain club members, or crypto-curious minds starting out. How to Join? Application Period: Now – September 30, 2025 (12AM UTC) Click here to join now. A Campaign Aligned with Bybit’s Rebrand This initiative echoes Bybit’s recent brand transformation, which centers around the empowering message of “I Make It”—a redefinition of what’s possible in finance, driven by innovation, identity, and intention. The Merch Ambassador Program transforms our rebrand from message to movement—putting real faces at the forefront of the story. It shows that the future of finance isn’t just engineered by platforms; it’s driven by the passion, creativity, and courage of everyday users across the globe. Join the Movement. Be the Face of What’s Possible. With only 200 exclusive spots available, this is your moment to stand alongside the trailblazers shaping the future of finance. As a Bybit Merch Ambassador, you’re not just wearing merch—you’re wearing a mindset. You’ll represent a movement that believes in bold ideas, breakthrough technology, and the power of individuals to change the game. Because the future isn’t something we wait for—it’s something we build, together. So step forward. Stand tall. And show the world: #IMakeItPossible. Please visit the announcement page for more details: https://announcements.bybit.com/en/article/-join-the-bybit-merch-ambassador-program-rep-the-brand-share-your-story-and-get-featured–blt5d59b5c028e38adb/ #Bybit / #TheCryptoArk / #IMakeIt /#IMakeItPossible About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com
The cryptocurrency market is buzzing with opportunity, and Solana is at the heart of the conversation. With its lightning-fast blockchain and growing ecosystem, Solana has captured the attention of investors, developers, and institutions alike. But is Solana a good investment in 2025? Recent Solana ETF news and market dynamics suggest it might be, yet the path isn’t without risks. This article dives into Solana’s potential, analyzes current trends on X, and explores whether a Solana ETF could redefine its investment appeal. Let’s unpack the facts, trends, and insights to help you decide. Why Is Solana Making Waves in 2025? Solana’s blockchain is renowned for its speed and scalability, processing thousands of transactions per second at minimal cost. This makes it a favorite for decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications. In 2025, Solana’s ecosystem is expanding, with recent developments fueling optimism.Institutional Adoption: Posts on X highlight Solana’s integration by major players like Bullish, a crypto exchange with over $1.4 trillion in trading volume, which is migrating its infrastructure to Solana-native stablecoins for custody and trading. Real-World Use Cases : Japan’s Minna Bank is exploring stablecoins on Solana for payments and tokenized assets, signaling mainstream financial interest. Market Performance : Solana futures have surpassed $4 billion in trading volume on regulated exchanges, reflecting strong investor confidence. However, not all sentiment is bullish. Some X users express concerns about Solana’s financial sustainability, citing a $2.53 billion net loss over four quarters due to token issuance and operational costs. These mixed signals make it critical to weigh both sides. Is Solana a Good Investment? Benefits and RisksInvestors are drawn to Solana for its growth potential, but is it a sound choice? Let’s break down the benefits and challenges. Benefits of Investing in SolanaScalability : Solana’s ability to handle high transaction volumes makes it a leader in DeFi and Web3, with applications like tokenized equities going live. Ecosystem Growth : Over 10,000 developers are building on Solana, creating a robust network of dApps, from gaming to AI integrations. Low Costs : Transaction fees as low as $0.0001 make Solana attractive for users, though some argue this limits revenue. ETF Potential : A proposed Solana ETF with staking features could attract institutional investors, boosting liquidity and price stability. Challenges to Consider Financial Concerns : Critics on X note Solana’s substantial losses, raising questions about long-term profitability. Market Volatility : Solana is down nearly 20% year-to-date, with token unlocks potentially adding selling pressure. Competition : Ethereum, Cardano, and other Layer-1 blockchains compete for market share, challenging Solana’s dominance. Despite these risks, Solana’s blockchain potential remains a beacon of hope for investors seeking exposure to Web3 innovation. What’s the Latest Solana ETF News? The prospect of a Solana ETF is generating significant buzz. An exchange-traded fund (ETF) could make Solana accessible to traditional investors, potentially driving demand. Here’s what’s trending: Proposed ETF with Staking : Sources indicate a Solana ETF could include staking rewards, offering investors passive income. This feature sets it apart from Bitcoin and Ethereum ETFs, which focus solely on price exposure. Regulatory Optimism : The U.S. repeal of restrictive DeFi regulations under the Trump administration has fueled hopes for ETF approval in 2025. X Sentiment : Posts on X reflect excitement about the ETF’s potential to mirror Bitcoin’s rally post-ETF approvals, though some users caution about regulatory delays. A Solana ETF could be a game-changer, but investors must stay informed about regulatory developments and market sentiment. How Are Solana Price Trends Shaping Investor Sentiment? Solana price trends are a focal point for investors. While Bitcoin has soared past $113,000, Solana’s performance has been more volatile. Analyzing Current News on X: What’s Driving the Conversation? X is a pulse of real-time sentiment, and Solana is a hot topic. Here’s a breakdown of key discussions as of July 11, 2025: Bullish Narrative Posts highlight milestones, such as tokenized equities and a $4 billion futures market, reinforcing Solana’s growth. Institutional moves, like Bullish’s migration to Solana, spark hope for mainstream adoption. Minna Bank’s stablecoin exploration in Japan underscores Solana’s global appeal. Bearish Concerns: Some note Solana’s 20% YTD decline and upcoming token unlocks, which could strain portfolios. A report claiming Solana’s $2.53 billion net loss raises financial risks. Questions about Solana’s revenue model argue low fees could lead to collapse. ETF Speculation: While not explicitly mentioned in recent X posts, the broader Solana ETF news trend aligns with discussions about institutional interest, suggesting ETFs are part of the optimism. The polarized sentiment on X underscores the need for investors to approach Solana with a balanced perspective, leveraging its blockchain potential while acknowledging risks. Conclusion : Is Solana Your Path to Crypto Success? Solana stands at a crossroads in 2025. Its high-speed blockchain, institutional adoption, and potential Solana ETF make it a compelling investment. The hope of mainstream integration, driven by moves like Bullish and Minna Bank, fuels optimism. Yet, financial concerns and market volatility demand caution. By staying informed about Solana ETF news, tracking Solana price trends, and leveraging its blockchain potential, investors can navigate this dynamic landscape. The question isn’t just is Solana a good investment—it’s whether you’re ready to seize its potential with eyes wide open. To learn more about the latest cryptocurrency trends, explore our article on key developments shaping Solana institutional adoption.
Dubai, United Arab Emirates, July 11th, 2025, Chainwire Fresh off the heels of a bold rebrand, Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is inviting its global community to take center stage. Today, Bybit unveils the Merch Ambassador Program, a worldwide campaign designed to spotlight 200 crypto believers—100 Web3 builders and 100 student pioneers—as brand ambassadors of its iconic new identity: #IMakeIt. A call to those shaping the future of finance and those just beginning their journey. It’s a chance to wear belief, embody the spirit of possibility, and be featured as the global faces of one of the largest branding campaigns in crypto history. “The #IMakeIt campaign is about individuals taking ownership of what’s possible,” said Claudia Wang, Head of Marketing at Bybit. “With this ambassador program, we’re turning the spotlight on our community—those who build, learn, lead, and inspire. It’s a celebration of identity, and a powerful way to amplify real voices from around the world.” What’s in It for Ambassadors? Participants will receive: Full-set Official Bybit Merch Kit – designed to make a statement Global Exposure – be featured on Bybit’s social media, emails, app, and more Recognition – join an exclusive circle of community leaders Opportunities for Future Collaboration – grow alongside Bybit’s mission to reshape finance Who Can Apply? ByBUIDLers - For crypto founders, developers, and Web3 builders who are innovating every day. Students - For university leaders, blockchain club members, or crypto-curious minds starting out. How to Join? Application Period: Now – September 30, 2025 (12AM UTC) Click here to join now. A Campaign Aligned with Bybit’s Rebrand This initiative echoes Bybit’s recent brand transformation, which centers around the empowering message of “I Make It”—a redefinition of what’s possible in finance, driven by innovation, identity, and intention. The Merch Ambassador Program transforms our rebrand from message to movement—putting real faces at the forefront of the story. It shows that the future of finance isn’t just engineered by platforms; it’s driven by the passion, creativity, and courage of everyday users across the globe. Join the Movement. Be the Face of What’s Possible. With only 200 exclusive spots available, this is your moment to stand alongside the trailblazers shaping the future of finance. As a Bybit Merch Ambassador, you’re not just wearing merch—you’re wearing a mindset. You’ll represent a movement that believes in bold ideas, breakthrough technology, and the power of individuals to change the game. Because the future isn’t something we wait for—it’s something we build, together. So step forward. Stand tall. And show the world: #IMakeItPossible. Please visit the announcement page for more details: https://announcements.bybit.com/en/article/-join-the-bybit-merch-ambassador-program-rep-the-brand-share-your-story-and-get-featured--blt5d59b5c028e38adb/ #Bybit / #TheCryptoArk / #IMakeIt /#IMakeItPossible About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit's Communities and Social Media ContactHead of PRTony AuBybittony.au@bybit.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
This Friday, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum just had a major breakout with a 17% rally this week. The price broke the $2,800 resistance and rushed above $3,000 before a pullback started. With higher highs and higher lows confirmed, Ethereum is poised to continue its rally. The previous resistance at $2,800 is now a key support, and as long as this level holds, ETH has a good chance to turn the $3,000 into support as well and aim much higher with key targets at $3,350 and $3,500. Looking ahead, buyers have total control over the price action right now, and this is further compounded by Bitcoin, which is in a state of price discovery after reaching a new all-time high. This will benefit ETH and most of the altcoin market. Chart by TradingView Ripple (XRP) Over the past few days, XRP has broken above $2.3 and surged to $2.6, which is currently acting as resistance. This allowed the price to close the week with an impressive 15% rally. With buyers on the offensive, higher levels should be expected. The most obvious target on the chart is the $3 level. However, to reach it, XRP has to turn $2.6 into support and confirm it. With the current bullish momentum, this should not be a problem. After a long consolidation, this cryptocurrency is finally making significant moves, which may test $3 again. In the past, this level brought back sellers. Best to assess the price action closely once it approaches said level and not take unnecessary risks. Chart by TradingView Cardano (ADA) Cardano’s downtrend is finally over after a 17% rally this week. With sellers gone, the price was allowed to expand and reclaim the support at $0.64. This was necessary to stop the downtrend and bring back optimism. With the market turning, ADA has a real chance here to rally towards $0.9, which is a key target at this time. Sellers may return around $0.7, but the current momentum is strong enough to push it beyond it. Looking ahead, this is the first time this cryptocurrency can hope to reclaim a $1 price tag after a long downtrend since late 2024. Buyers have the upper hand now, but they need to retain control over the price to sustain it. Chart by TradingView Solana (SOL) Solana is another good performer after it managed to reclaim $152 as support. This allowed buyers to take its price beyond $160, closing the week with an 8% gain. While this is encouraging, SOL’s price expansion is lagging behind other major altcoins like Ethereum or XRP. This indicates most of the buying demand is concentrated elsewhere. Nevertheless, Solana has a good shot at visiting $186, which is the current resistance. Based on this price action, Solana may see hype return to it if it manages to push its price above $200. As long as Bitcoin and Ethereum remain bullish, this is a realistic target to watch for. Chart by TradingView Hype (HYPE) HYPE managed to make a new all-time high at $46.25, albeit not very different from its previous record from mid-June at $45.80. Either way, a higher high is bullish, and this could open the way for this cryptocurrency to rally towards $50 next, which is also a key psychological level and resistance. HYPE also closed the week with a 17% rally, which puts it among the best performers in the top 10 cryptocurrencies by market cap, if we exclude stablecoins. This shows HYPE retains market dominance and is similar to ETH and ADA in its recent price action. Looking ahead, HYPE has a good shot at a $50 price, which is only a 10% increase from current levels. If successful, the next key level will be at $55. However, these valuations may also bring back sellers. Best to be cautious once the price arrives there. Chart by TradingView The post Crypto Price Analysis July-11: ETH, XRP, ADA, SOL, and HYPE appeared first on CryptoPotato .
XRP has surged 8% to $2.58 in a decisive breakout move that broke through key resistance levels near $3.00, marking its strongest rally since the broad cryptocurrency market began its parabolic highs. The surge comes as Bitcoin reaches new all-time highs above $118,400 and Ethereum breaks through $3,000 for the first time in 2025 , creating perfect storm conditions for XRP’s long-awaited explosion. XRP Breakout Lays Foundation For a Favorable Rally The breakout occurred at 21:00 on July 10, with XRP jumping from $2.50 to $2.56 on a massive volume of 219.30 million, representing an increase of 168% above the 24-hour average of 81.85 million. Fresh support formed at $2.53 with consolidation above $2.54 confirming trend continuation. This breakout came at a time when whale wallets holding over 1 million XRP now account for 47.32 billion tokens. Source: Santiment on X Additionally, market sentiment around XRP improved following Ripple’s RLUSD stablecoin surpassing $500 million in market capitalization earlier this week. Source: Artemis Traders are increasingly pricing in favorable regulatory outcomes for Ripple in the U.S. and Asia-Pacific jurisdictions, with optimism fueled by elevated whale activity, which is drawing renewed institutional participation. Analysts believe XRP could hit new all-time highs if it maintains prices above $2.34, with initial targets around $2.65 before potentially reaching the $4-6 range. They further argued that XRP can move independently from broader altcoin trends, reacting either less or more strongly to overall market movements based on its unique fundamentals. Historical Rally Patterns Signal Explosive Potential XRP’s historical performance during bull markets reveals extraordinary potential for parabolic moves, with previous rallies generating returns ranging from 400% to 60,000%. The 2017 spring rally saw XRP surge from $0.006 to $0.37, representing a 60x gain in just two months, followed by the legendary 2017-2018 rally from $0.23 to $3.84, delivering 16x gains in a matter of weeks. The total gain from early 2017 to the peak reached an extraordinary 800 times. The 2020-2021 rally delivered nearly 10x gains from $0.20 to $1.96, while the 2023-2024 Q4 rally generated 4x returns, climbing from $0.56 to $2.20 in two months. The current 2025 performance shows XRP trading between $1.80 and $3.29, with the asset remaining approximately 40% below its all-time high of $3.84, set in January 2018. Historically, XRP has been one of the most explosive performers during crypto bull markets, followed by sharp corrections and extended periods of consolidation. Moreover, several XRP ETF applications remain under review by the SEC , providing additional positive signals for potential growth. Technical Analysis Confirms Bullish Breakout Structure XRP broke out of a descending wedge pattern above $2.30, representing a bullish continuation signal confirmed by massive volume of 219.30 million during the breakout phase. The technical structure establishes fresh support at $2.53, with validation above $2.54 affirming the continuation of the uptrend toward the $2.70-$2.90 resistance zones. Weekly chart analysis reveals that XRP is breaking out of a massive, multi-year consolidation pattern that has been building since the 2018 peak, around $3.30. The ascending triangular formations across multiple cycles establish higher lows at progressively elevated levels, with Fibonacci extension targets suggesting $9.631 as the next major objective. Furthermore, Elliott Wave analysis suggests that XRP has completed a complex WXY correction and is now initiating a new five-wave impulse sequence. The current structure suggests that wave 1 concluded around recent highs, with XRP now in a wave 2 corrective pullback before the more powerful wave 3 phase begins. The $3.8 target represents approximately 50% upside and would coincide with breaking above the previous 2018 cycle high. Critical support sits at $1.80, with analysis invalidation below this level; however, current momentum favors continued appreciation. Based on technical patterns and historical rally comparisons, XRP appears to be positioned for continued appreciation, initially targeting $3.8, with the potential for an extension to the $4-6 range if institutional adoption accelerates. Long-term projections toward $9.631 remain viable if XRP maintains current momentum and successfully holds breakout levels. The post XRP Price Surges 8% in Breakout Move – Can It Reach $6 in This Rally? appeared first on Cryptonews .
Leading cryptocurrency Bitcoin (BTC) has been racing from record high to record high over the past two days. At this point, BTC surged above $118,000, while Ethereum (ETH) and altcoins also experienced significant gains. As the bullish mood in the market continues, the expiration date for option contracts in the crypto market has come today, as it does every Friday. According to data for the second week of July, $4.3 billion worth of Bitcoin (BTC) and $710 million worth of Ethereum (ETH) options will expire on July 11 on the Deribit derivatives exchange. Accordingly, the Put/Call Ratio of BTC options is 1.05, the maximum loss point is $108,000 and the notional value is $4.3 billion. When we look at Ethereum, ETH options have a Put/Call Ratio of 1.11, a maximum loss point of $2,600, and a notional value of $710 million. The maximum pain point is the level at which the cryptocurrency price settles at a certain value as an option approaches its expiration date, resulting in significant losses for the largest number of option traders. At this point, significant volatility could be seen in Bitcoin's price following the $4.3 billion options expiration on July 11th. While the maximum pain point is at $108,000 for BTC and $2,600 for Ethereum, investors could push prices to this level through market manipulation, as market prices are above the maximum pain point. Greeks.live analysts stated that the rise in Bitcoin and Ethereum in a short period of time points to a major bull market. Analysts said that with such a large short-term rally, the options market is still far from FOMO and institutional investors are hesitant to buy and consider the reality of the rally. “The smell of a major bull market, with Bitcoin reaching a new all-time high and Ethereum briefly returning to the crucial $3,000 mark, is a rare improvement in market sentiment. Despite this rally, the options market is far from FOMO and institutional investors are quite hesitant. *This is not investment advice. Continue Reading: Bitcoin and Ethereum Are Back on Their Feet! But There's a Problem: "A $5 Billion Options Earthquake Will Happen in BTC and ETH Today!"
According to the latest data from the Jupiter analytics panel, pump.fun secured the leading position in the Solana token issuance platform market over the last 24 hours, capturing a dominant
Shiba Inu Price Prediction is heating up once again as SHIB trades at $0.00001240, an increase of 2.62% in the past 24 hours. Its new momentum is attracting bullish pressure throughout the market. However, although most predict SHIB to go even higher, some believe a new player on the field, Remittix (RTX) , may fetch even better returns. As hype and presale excitement rise, RTX is quietly joining the ranks of the leading crypto presale contenders this year. Shiba Inu Price Prediction: Is SHIB Heading for a Rally? SHIB price movement reflects that the bulls are clearly dominant this week. With an average daily volume of $262.28 million and a market cap of $7.3 billion, the Shiba Inu Coin is still among the world’s leading meme coins. But now this is no longer a meme thing. Shiba Inu News reports increasing development work being done on Shibarium and overall, DeFi project momentum is seeing investor confidence in SHIB come back. However, SHIB will need major catalysts to return to the highs. That’s why smart investors are diversifying specifically into the next 100x crypto players with genuine utility. The Best Crypto Presale Today Might Not Be SHIB As SHIB rises, more and more investors turn their eyes to early-stage tokens. At the top of that list? Remittix (RTX) a bright new star in the Remittix DeFi project universe. Already, experts anticipate it potentially keeping up with early-stage Ripple (XRP) performance, given its focus on real-world problems like global remittances. At just $0.0811, Remittix has already hit over $16 million and sold 550 million+ tokens in its live presale. With its Remittix wallet now launching in Q3, RTX is finally gaining some legitimate traction. And here’s the kicker: those early buyers are getting a 50% token bonus during the present presale phase. So, RTX is an excellent option for individuals seeking the best presale crypto 2025 or just anybody interested in how they can buy crypto early with considerable potential. Why Remittix (RTX) Could Be the Real SHIB Alternative Remittix is not a meme, this is a crypto that solves actual problems. By using its instant crypto-to-fiat gateway, consumers can transfer BTC, ETH and XRP to mainstream bank accounts anywhere in the world. That is a huge utility, particularly in areas where access to finance is poor. In contrast to SHIB, Remittix appeals to long-term holders and investors in search of crypto with passive income potential. With fewer transaction fees, it’s also making waves among those avoiding high gas fees on the Ethereum network. As the next altcoin 2025 hot thing, RTX provides speed, low fees and usability, which puts it in position to conquer many legacy tokens during the next bull cycle. Which Crypto Will Dominate Q3? SHIB is feeling like life again, but it still suffers from meme sentiment and eco news. RTX is giving a working solution to a gigantic payments market and is attracting serious investment. RTX’s 50% bonus, future wallet and cross-border payments use case have it sitting on the list of best crypto to invest in today. For investors researching the best DeFi altcoin or searching for the next big crypto release, the door is open Remittix is one of the most powerful projects available today. With SHIB climbing and RTX blowing up presale, now may be the time to diversify your portfolio for Q3 blowout profits. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix
Ethereum has surpassed $3,000 in value, following the ETH Foundation transferring a total of 21,000 ETH in the past two months to its internal Gnosis Safe Proxy address. According to data from crypto.news, ETH ( ETH ) touched on a new high on July 11. The second largest cryptocurrency by market cap has finally surpassed the $3,000 mark. The last time ETH went beyond $3,000 was back in early February before it fell into an extended slump that lasted well into July. On July 11 at 06:30 AM UTC, ETH bounced back up to a peak price of $3,019. It settled around the $3,000 mark before suffering a slight correction which brough it down to the $2,990 level sometime around 7:00 AM UTC. At press time, ETH has gone up by 6.6% in the past 24 hours. The token is currently trading hands at $2,987. The token has gone up by 16.8% in the past week and 22% in the past two weeks. It’s daily trading volume has increased by 62.9% compared to the previous trading day. This indicates a rise in recent market activity. Price chart for Ethereum in the past few hours of trading, July 11, 2025 | Source: crypto.news You might also like: Ethereum rises beyond $2,800 nearing 10-year anniversary Ethereum Foundation continues to move ETH around Earlier today, on-chain monitoring firm PeckShield reported that Ethereum Foundation has moved a total of 21,000 ETH or approximately $62.8 million from its main trove to an internal address in the last two months. That address then moved a third of that chunk to a different address, approximately moving 7,000 ETH or $20.9 million. Afterwards, the third address swapped 1,210 ETH for USDC ( USDC ) worth $3.5 million within the past 24 hours. Many traders reacted negatively to the transfer, accusing the ETH Foundation of dumping its own native token. However, there were also traders that came to EF’s defense by stating that it was part of the network’s new treasury policy. “A lot of FUD going on right now about the Ethereum Foundation selling ETH, don’t believe it!” said a trader with the X handle @digitalartchick. “The Ethereum Foundation uses it’s 200K ETH treasury to participate in DeFi and generate yield, they do not sell ETH anymore since the leadership change this year,” the user continued in the post . Earlier in June, the Ethereum Foundation informed the public that it would implement a new treasury strategy that would see the foundation executing more regular ETH sales to maintain a fiat reserve. It would also expand on its staking and DeFi deployments. Read more: Ethereum Foundation reforms treasury strategy amid broader organizational shift
Bitcoin is expected to lead the rally now that it has set a new all-time high- XLM traders could look to book profits and wait.