On July 1, 2025, major lending platform Ledn stopped supporting Ether and turned into a 100% Bitcoin-focused company. While the move aligns well with the wave of Bitcoin-mania, the same focus on Bitcoin from corporations, institutions, and governments poses new threats for the Bitcoin lending business. Full focus on Bitcoin Ledn had plans to drop support for other cryptocurrencies aside from Bitcoin. While Bitcoin maximalists may see it as a manifestation of Bitcoin purism, the company explained the move differently: it aims to make its product simpler and focus on excelling in the only operation type–Bitcoin lending. Regardless of the reasoning, the move is well-received among those who don’t give credit to any cryptocurrency except for Bitcoin. This audience is getting increasingly visible in this cycle. now I can start recommending Ledn again. — Brad Mills 🔑⚡️ (@bradmillscan) July 2, 2025 Ledn co-founder Adam Reeds called this transition the return to the roots. Earlier, Ledn named risk management as the reason for a future halt on using clients’ assets for yield farming. The assets are kept by Ledn itself or via the company’s partners. Bitcoin-backed loans and the current market situation In the past, the Bitcoin lending sector saw turbulence. In 2022, Celsius, BlockFi, Voyager, and Genius were shut down. Ledn looks in the future optimistically as the Trump Administration’s efforts to make the crypto business less restrictive are good for Bitcoin-backed loans ventures. One of the main moves benefiting Bitcoin lending was the repeal of the SAB 121, a controversial 2022 rule that made crypto custody really hard. Read more: SEC repeals SAB 121, easing crypto custody rules Another trend that can serve as a tailwind for Bitcoin lending is the accumulation of Bitcoin by Bitcoin treasury companies, although their activity can have a negative impact too (we’ll speak about it too). Companies like Strategy (formerly MicroStrategy), Nakamoto, Metaplanet, and others are buying Bitcoin in bulk. Governments accumulate Bitcoin they got through seizing, mining, and other means. Institutional custodians like BlackRock or Fidelity rapidly grow their Bitcoin accounts, too. All of these lock huge amounts of bitcoins out of the market, which leads to stabilizing the lower edge of the Bitcoin price, which is the perfect climate for Bitcoin lending companies. The increase in the number of Bitcoin allies among institutional investors is also vital for companies like Ledn, as lending ventures need more dollars in the sector to let more operations for more people. Even in February 2025, Reeds was stating that the lending sector is “incredibly short dollars” and needs more institutional investors to allow more people to take Bitcoin-backed mortgages, etc. Bitcoin derivatives markets (that cannot exist without Bitcoin lending) cement the BTC price stability, too. Ledn co-founder Mauricio Di Bartolomeo outlined it in his essay on responsible yield on digital assets. He writes that Bitcoin lending crushes down price volatility, makes spreads tighter, and improves the health of the spot short markets that are used as a hedge. Therefore, the market needs Bitcoin lending, and it’s another reason for companies like Ledn to come up. New threats for Bitcoin lending Everyone’s focus on Bitcoin may play a mean role for the lending sector. In the current cycle, individuals and institutions are reluctant to sell their bitcoins. Instead, everybody seems to try to accumulate as much as possible, and Bitcoin treasury companies, huge asset management companies, and governments lock up more Bitcoin than miners produce, effectively devouring liquidity. At some point, lending companies may face a situation of a Bitcoin deficit available for lending out. This, in turn, may lead to an increase in borrow rates on spot short markets, a shrinkage in short interest (it may get barely profitable), and less value clarity in the market as bearish sentiment won’t be reflected adequately on the derivatives market. This means that the price will behave less predictably, and the volatility will increase. Shorting on futures markets becomes unprofitable and riskier, too. As the Bitcoin price goes up, Bitcoin bears may lose billions in liquidations. $6,000,000,000 worth of #Bitcoin shorts to be liquidated at $120,000 👀 LET’S LIQUIDATE THEM ALL 🚀 pic.twitter.com/6lzCOud4FV — Vivek⚡️ (@Vivek4real_) July 3, 2025 As the short market is shrinking and borrowing Bitcoin becomes too expensive, the options market liquidity will drop. Arbitrage trading will become less flexible, which may lead to distortion in the futures market prices as they may face higher discrepancies from the spot market. On the individual side, these problems open up more exposure to counterparty risk, trust-reliance, and the need for leverage. Ironically, all of these risks are what Bitcoin was intended to fight in the first place. Conclusion The crypto market and the broader financial market have complex structures, and every action contributes to various impacts, both positive and negative ones. Heavy demand for Bitcoin by institutions, corporations, and governments may make it hard to borrow Bitcoin. It, in turn, may negatively impact the derivatives markets and lead to price volatility and liquidations on spot short markets. This may make things worse for the actor, depending on Bitcoin reserves; that’s how this circle closes. However, as the Bitcoin price stabilizes and the regulation may get friendlier, there is hope for a positive scenario. You might also like: BlockFi CEO was aware of FTX’s conditions when lending to it
The U.S. House of Representatives has formally passed President Donald Trump’s “One Big Beautiful Bill,” one of his most comprehensive legislative packages. The bill, which brings together a range of priorities from tax cuts to border security, aims to enact a series of goals that Republicans have been working on for a long time. The bill includes making permanent Trump’s tax cuts that went into effect in 2017, no tax on tip income, increased spending on immigration enforcement, and construction of a border wall. Trump announced weeks before taking office that the bill would be a large and powerful package that would “get the country back on its feet.” “Members of Congress are working on powerful legislation that will bring our country back and make it greater than ever,” Trump said on Jan. 5. “We must secure our borders, unleash American energy, and renew the Trump Tax Cuts, the largest tax cut in history.” Republicans used the advantage of having a majority in both chambers to pass the bill in the House on May 22. However, some changes were made in the Senate to pass the bill with a simple majority. After these changes, the bill was sent back to the House for a final vote and was approved in its final form in the vote held today. Related News: Company Known as the MicroStrategy of Solana Purchases Massive Amount of SOL The White House announced that President Trump will sign the “One Big Beautiful Bill” at midnight on Friday. Economists are divided on the economic impact of the law. Bernard Yaros, chief U.S. economist at Oxford Economics, predicts that spending will increase in the short term and the economy will be boosted, particularly by tax cuts on tips, overtime, car loan interest and expanded state and local tax credits. But he says that in the long run, these individual tax cuts will lead to price increases and will have limited economic growth. Yaros also said that the effects of cuts to social assistance programs such as Medicaid and SNAP and the rollback of climate incentives under the Disinflation Act will be felt more clearly starting in 2026, and that real GDP will increase by only 0.1 percent by 2030. In response, the Main Street Alliance, which represents more than 30,000 small businesses in the U.S., called the bill a “Big, Ugly Bill.” “This bill surrenders the promise of freedom and justice to the interests of monopolies and billionaire donors, while working families are still footing the bill,” it said in a statement. The International Monetary Fund (IMF) also warned about the law. IMF spokesperson Julie Kozack said Trump’s new tax law could make it harder to reduce budget deficits and public debt in the coming years. “This law runs counter to the goal of reducing debt in the medium term,” Kozack said, adding that according to Congressional Budget Office data, the law would increase the budget deficit by $3.3 trillion. *This is not investment advice. Continue Reading: Major Tax Cut Bill Passes House of Representatives in the US – When Will Trump Sign It? What Will Be the Impact? Experts Respond
Mars Finance News reported on July 4th that prominent ETH/BTC trader James Fickel executed significant transfers totaling 80,000 ETH to Coinbase Prime, valued at approximately $204 million. According to Yujin
Bridgewater Associates founder Ray Dalio says the US could be headed to a financial crash because political leaders are cautious against taking aggressive actions to address America’s budget deficit. In a post on the social media platform X, the billionaire says senior members of both the Democratic and Republican parties agree that the US needs to reduce its deficit to 3% of the GDP (g ross domestic product). But he says the so-called absolutist policies prevent the adoption of measures such as tax increases and cuts to benefits that can address the debt problem. “They explained the absolutist policies that must exist and those are that you must make statements like I will absolutely pledge not to raise your taxes or I will absolutely pledge not to reduce your benefits.” Dalio says it is clear that the US is unlikely to change its debt trajectory and could face painful consequences. He says political leaders may be thrown out by their constituents and face pressure from their parties, so they find it impossible to make compromising statements and actions that can balance the revenue and expenses to produce a good budget. “That’s the equivalent of saying I will absolutely pledge not to change the trajectory we’re on in order to have a better set of circumstances than the likely financial crash that we’re going to have.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Ray Dalio Says US Unlikely To Change Debt Trajectory and Avoid a Financial Crash – Here’s Why appeared first on The Daily Hodl .
Japanese digital bank Minna is pioneering the integration of stablecoins and Web3 wallets to enhance real-world payment solutions, signaling a significant shift in Japan’s financial landscape. The collaboration with Fireblocks,
The post 26,000 New Bitcoin Millionaires in 2025, But Why Is Trump Losing Money? appeared first on Coinpedia Fintech News More than 26,000 new Bitcoin millionaires were added in the first half of 2025. But while the crypto market pushed many into the millionaire club, President Donald Trump saw his personal crypto portfolio take a massive hit – dropping over 78% in just six months. Yes, we have the same question. How is that possible? Here’s a deep dive. Bitcoin’s Bull Run Creates 26,000+ Millionaires According to data from Finbold, 26,758 Bitcoin wallets crossed the $1 million mark between January and June this year. That brings the total number of Bitcoin millionaires to 182,327 as of June 30. Over 26,000 new Bitcoin millionaires added in first half of 2025 https://t.co/xZ5MUtFukM $BTC — Finbold (@finbold) July 2, 2025 A strong second quarter and Bitcoin’s halving in April played a major role in this spike. The halving reduced block rewards from 6.25 to 3.125 BTC, pushing supply pressure and sending Bitcoin prices soaring. On May 22, Bitcoin hit a high of $111,970, creating a wave of fresh wealth for long-term holders and institutional investors who bought during the dips. Trump’s Portfolio Drops While Bitcoin was climbing, President Trump’s crypto portfolio went the other way. He started the year with around $10.16 million in crypto assets. By the end of June, that figure had dropped to just $2.20 million – a loss of over 78%. Ouch. Most of the damage happened in the first quarter, with his holdings falling to $1.96 million by March. A minor recovery added back around $240,000 in Q2. But overall, the decline was sharp. A tweet by John Morgan summed it up: “Donald Trump’s crypto portfolio loses 78% of value in first half of 2025.” The biggest holding in Trump’s wallet was the meme coin TROG, worth over $800,000. Other tokens included MAGA (TRUMP), MATIC, and USDC – all considered riskier bets, especially in a market that’s shifting toward fundamentals. WLFI, Linked to Trump’s Family, Sees 115% Growth In contrast, World Liberty Financial (WLFI), a DeFi platform backed by Trump’s family, has been on the rise. The platform’s value grew from $72.82 million to $178.15 million in the same six-month period, marking a gain of over 115%. WLFI’s performance was supported by institutional interest and momentum from U.S. spot Bitcoin ETF approvals earlier this year. Unlike Trump’s personal portfolio, WLFI appears to follow a more structured investment strategy, and it’s paying off. Hmm, interesting. New Crypto Law Could Tighten the Rules On June 23, Senator Adam Schiff introduced the COIN Act, which aims to stop government officials and their families from profiting off crypto investments. The bill would also make it mandatory for them to disclose all digital assets in their financial filings. If passed, this law could directly impact Trump and his family’s involvement in WLFI – adding regulatory pressure to the financial setback. The bill has been co-sponsored by nine Senate Democrats, which means it’s gaining the kind of momentum it needs. Strategy Over Hype The first half of 2025 has made one thing clear: structured crypto strategies are winning, while speculative meme coin plays are getting wiped out. As Bitcoin continues to mature and regulation tightens, investors, even high-profile ones, may need to rethink how they play the game.
Ethereum faces persistent resistance near $2,516.7, yet strong ETF inflows and a robust market cap to TVL ratio underscore its pivotal role in DeFi. Despite repeated price rejections, Ethereum maintains
Two historical Bitcoin wallets moved $2.18 billion after 14 years of inactivity. The transfers caused speculation about market impacts and future intentions. Continue Reading: Whales Move 14-Year-Old Bitcoins in a Massive Transfer The post Whales Move 14-Year-Old Bitcoins in a Massive Transfer appeared first on COINTURK NEWS .
FTX bankruptcy proceedings reveal significant recovery restrictions for users across 49 jurisdictions, with Chinese claimants facing the most severe limitations. Over 82% of the affected claims originate from China, underscoring
Crypto analyst Rekt Capital believes Bitcoin’s current bull market could be nearing its end, predicting that a price peak may come as early as October. “We have a very small sliver of time and price expansion left,” Rekt Capital said on Thursday, comparing the current cycle to the 2020 rally. According to his analysis, the cycle may top out roughly 550 days after the April 2024 Bitcoin halving. “That’s already two to three months potentially that we have left in this bull market,” he added. Debate Over Halving Cycle Relevance While Rekt Capital emphasizes the importance of sticking to time-tested halving models, others are more skeptical. He criticized the growing trend of abandoning the halving narrative in favor of newer metrics like Bitcoin’s correlation with global M2 money supply. “Many people are happy to throw away time-tested principles… whereas it’s really important to rely on these sorts of metrics,” he said. He also called the shift an emotional move that clouds sound judgment. Alternative Views Highlight Institutional Impact Some analysts argue that traditional halving cycles are less relevant today due to rising institutional interest. Standard Chartered’s Geoff Kendrick said on Thursday that, “Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle.” In May, Standard Chartered forecast Bitcoin reaching $200,000 by year-end, while Bernstein made a similar prediction. BitMEX co-founder Arthur Hayes remains even more bullish, expecting Bitcoin to hit $250,000. As of now, Bitcoin is trading at $109,155, just 2.5% below its all-time high of $111,970. Crypto analyst Crypto Auris also commented recently that, “As global money supply expands, Bitcoin’s next target sits around ~$170K, following the flow.” Analyst Emphasizes Caution Over Hype Despite the bullish sentiment from others, Rekt Capital cautions against ignoring the halving-based cycle. “It’s an emotional thing as well, and you don’t want emotional things clouding your judgement,” he reiterated.