TL;DR PENGU breaks key resistance levels as traders speculate on game launch and ETF-related news. Awesome Oscillator and KST indicators confirm strong momentum behind this meme coin rally. Growing social media attention and market volume hint at more upside for PENGU holders soon. PENGU Rallies as Pudgy Party Game Nears Release The official meme coin of Pudgy Penguins has climbed sharply in recent days. Its price is now $0.03433, up more than 126% over the past week and nearly 17% in the last 24 hours. Trading volume has surged to $1.69 billion as momentum builds ahead of the Pudgy Party game launch. Pudgy Party, our competitive multiplayer game, is launching soon on the @Apple App Store and @Google Play Store. We’re giving away a total of $5,000 worth of $PENGU to 5 lucky people who RT this and follow @PlayPudgyParty . More information below. pic.twitter.com/ruzb06gi2z — Pudgy Penguins (@pudgypenguins) July 14, 2025 Developed with Mythical Games, Pudgy Party is a multiplayer mobile game set to launch soon on iOS and Android. The project is attracting attention from both crypto traders and the wider gaming community, boosting interest in PENGU. Chart Breakout Signals Bullish Momentum In addition, technical signals support the current move. The Awesome Oscillator is printing strong green bars above the midline, pointing to sustained buying pressure. The Know Sure Thing (KST) indicator has also turned upward, with the latest reading above 1,100, confirming the trend strength. Source: TradingView Analysts note that PENGU recently broke out of its previous trading range between $0.009 and $0.015. The price now trades above key resistance at $0.033, with the next zone to watch near $0.043. Support remains at $0.024, $0.015, and $0.009, should a pullback occur. ETF Filing and Social Buzz Add to Optimism Traders are also monitoring a pending ETF application related to PENGU. If approved by the SEC, the added exposure could open the door for further gains and bring the $0.05 level within reach. Social interest continues to grow. A post from Justin Sun showed a cartoon penguin dressed in a TRON shirt. He wrote, “OK. Everyone has become a penguin,” to which Pudgy Penguins responded, “Everyone will Huddle.” The exchange drew attention from both fans and crypto followers. The post What’s Next for PENGU After Triple-Digit Weekly Surge? appeared first on CryptoPotato .
After a single day of pullbacks, the crypto market is up today again. 92 of the top 100 coins per market cap have seen their prices appreciate over the past 24 hours. Meanwhile, the cryptocurrency market capitalization has decreased by 2.1% to $3.8 trillion. The total crypto trading volume is at $205 billion, a similar level to yesterday’s. TLDR: The crypto market rises again, 92 of the top 100 coins are green; BTC rose back above the $118,000 level and ETH above the $3,000 mark, now trading at $118,233 and $3,145, respectively; Market sentiment remains in the greed zone, signaling a willingness to invest; US BTC and ETH spot ETFs recorded positive flows for more than a week straight; ”Without sustained fresh demand, this selling pressure could keep prices range-bound rather than driving a decisive breakout”; ”Without a broad shift in institutional sentiment, it is unlikely that inflows alone will propel Bitcoin to $150,000 swiftly.” Crypto Winners & Losers At the time of writing, all the top 10 coins per market cap have increased. Bitcoin (BTC) is up 1.1%, rising back above the $117,000 level, currently trading at $118,233. Also, Ethereum (ETH) saw the highest increase in this category. It’s up 5.8% to the price of $3,145. Dogecoin (DOGE)’s 3.3% is the second-highest increase. It now trades at $0.1974. Tron (TRX) increased the least. It’s up 0.4% to $0.3008. In the top 100 coins category, Pump.fun (PUMP) appreciated the most. It’s up 11.2% to $0.006593. This is the only double-digit rise. Artificial Superintelligence Alliance (FET) is next, having gone up by 9.8% to the price of $0.7578. Fartcoin (FARTCOIN) fell the most among the eight red coins. It’s down 4.6%, changing hands at $1.2. Next up is WhiteBIT Coin (WBT) , which decreased by 2.1% to $44.31. Meanwhile, several pieces of crypto legislation in the US failed to move through Congress on Tuesday. A group of House Freedom Caucus politicians voted against the bills, arguing that, among other things, the crypto bills did not sufficiently address problems surrounding central bank digital currencies (CBDCs), along with other concerns. WOW. Just came out of the @rstormsf trial (no phones allowed) and catching up on the House floor drama. The procedural vote on the crypto bills failed after a group of GOP Freedom Caucus members voted no — mostly, I’m told, over concerns about CBDCs and the bills not being… — Eleanor Terrett (@EleanorTerrett) July 15, 2025 The Moscow Exchange said it would launch a fund that tracks one of the world’s biggest Ethereum ETFs , weeks after debuting a Bitcoin index futures offering. The new fund will debut in August. Maria Patrikeyeva, the Managing Director of the Moscow Exchange Derivatives Market, said that “The fund’s underlying asset will be the BlackRock-run iShares Ethereum Trust ETF. Its quotation will be equal to the cost of one share of the fund. The contract size will be slightly smaller than [that we use for the] IBIT [the iShares Bitcoin Trust ETF].” Could Bitcoin Reach $150,000 Soon? Andrejs Balans, risk manager at the EU-based fintech platform YouHodler , commented that Bitcoin’s market has “matured considerably.” It’s seeing improved liquidity and participation by professional trading firms. This evolution, Balans argues, has lowered volatility compared to past cycles. This signals a more resilient market. However, it’s also “a factor that can dampen large speculative moves.” “Following significant gains this year, many long-term holders have realized profits, thereby adding to the market’s supply. Without sustained fresh demand, this selling pressure could keep prices range-bound rather than driving a decisive breakout.” Moreover, institutional exposure has increased through ETFs and custody services, Balans says. And yet, most allocations remain modest relative to traditional asset classes. The obstacles to more substantial commitments include concerns about volatility, operational risk, and compliance. “Senior executives at major banks have reiterated their cautious stance, describing crypto as an area of interest but not yet a strategic priority. Without a broad shift in institutional sentiment, it is unlikely that inflows alone will propel Bitcoin to $150,000 swiftly.” Furthermore, Balans adds that some regulatory frameworks have advanced, but that the policy landscape remains fragmented. Proposals to broaden the definition of securities in the US and stricter compliance regimes in Europe have created uncertainty for exchanges and institutional investors. He continues: Even jurisdictions considered relatively crypto-friendly are implementing more rigorous reporting standards. This patchwork of regulation has tempered enthusiasm among large asset managers, who prefer clear and consistent rules before committing significant capital. Lastly, Balans noted that “despite widespread forecasts of imminent rate cuts, inflation in major economies remains persistently above target, prompting central banks to hold policy rates higher for longer.” The tight monetary environment has limited liquidity across risk assets. Bitcoin has historically “flourished when borrowing costs were low and capital abundant.” “Unless there is a decisive shift toward more favorable financial conditions, the macroeconomic backdrop is likely to constrain speculative flows,” Balans concludes. Levels & Events to Watch Next At the time of writing, BTC trades at $118,233. The coin saw quite a choppy trade over the past day. The lowest level it reached was $116,103, to which it dropped from the intraday high of $118,315. It’s currently approaching the previous intraday high and may surpass it soon. Bitcoin Price Chart. Source: TradingView Moreover, Ethereum is currently trading at $3,145. Unlike BTC, ETH saw a gradual rise to the current level. It started at $2,965 as its intraday low and rose to the current price, which is also the intraday high. Meanwhile, the crypto market sentiment dropped slightly since this time yesterday, but it still remained in greed territory. The Fear and Greed Index decreased from 70 yesterday to 68 today . The level signals investors’ positive and optimistic view of the market, as well as a generally high willingness to invest. However, should it increase, it may indicate that the market is overbought. Source: CoinMarketCap Furthermore, on 15 July, the US BTC spot exchange-traded funds (ETFs) saw positive flows for the ninth day in a row. They recorded inflows of $402.99 million , higher than $297 million from the day before and lower than $1.03 billion seen two days before. BlackRock saw the highest share of this amount, taking in $416.35 million. While Grayscale , Bitwise , VanEck , and Franklin also saw inflows, others recorded outflows. US ETH ETFs also saw inflows for the eighth day in a row, with $192.33 million on 15 July. Of this amount, BlackRock recorded the most: $171.52 million. Grayscale and Fidelity are the only other two funds that saw inflows. There were no outflows on this day. Meanwhile, SharpLink has continued buying ETH. It purchased 6,377 ETH on Wednesday, bringing its total to nearly 312,000 ETH. SharpLink( @SharpLinkGaming ) bought another 6,377 $ETH ($19.56M) today. In the past 7 days, they've accumulated 91,330 $ETH ($275M). https://t.co/8pOfvpDWym pic.twitter.com/NGepBvYcP4 — Lookonchain (@lookonchain) July 16, 2025 Also, billionaire Peter Thiel has taken a major position in BitMine Immersion Technologies as it works to become a major Ethereum treasury. He acquired a 9.1% stake in the firm. The company now holds more than 163,000 ETH. According to an SEC filing, Peter Thiel, co-founder of PayPal and prominent Silicon Valley investor, indirectly holds a total of 5,094,000 shares of common stock in Bitmine Immersion Technologies, Inc. through multiple affiliated entities, representing 9.1% of the outstanding… — Wu Blockchain (@WuBlockchain) July 16, 2025 Moreover, Wall Street investment bank Cantor Fitzgerald and Blockstream Capital founder Adam Back are reportedly working on a SPAC merger valued at approximately $4 billion. A special-purpose acquisition company would issue new shares to Back for 30,000 BTC. The company also aims to raise $800 million in outside capital to buy more BTC. Quick FAQ Why did crypto move against stocks today? The crypto market has increased over the past 24 hours, while the US stock market saw a mixed performance by closing time on Tuesday. For example, the S&P 500 is down by 0.4%, the Nasdaq-100 increased by 0.13%, and the Dow Jones Industrial Average fell by 0.98%. The stock investors are still digesting the latest tariff threats coming from the US and are waiting for this week’s earnings reports and economic data. Is this rally sustainable? Analysts argue that there is room for further growth in the mid and long term. Despite the expected pullbacks and corrections, the market is still expected to rise. You may also like: (LIVE) Crypto News Today: Latest Updates for July 16, 2025 The crypto market is showing mixed signals today, with the total crypto market cap falling 3%. Bitcoin is up 0.2% over the past 24 hours, currently trading just below $117,400, after touching $123,100 earlier this week. Meanwhile Ethereum is up 5.8%, holding strong above $3,100 on institutional inflows.But what else is happening in crypto news today? Follow our up-to-date live coverage... The post Why Is Crypto Up Today? – July 16, 2025 appeared first on Cryptonews .
More on BTCS BTCS: The Rise Of The Ethereum Treasury Company? BTCS Spins The Ethereum Flywheel Biggest stock movers Wednesday: VRNA, WPP, AEHR, EVTL, RXST, BTCS and more BTCS ups capital raise target for Ethereum purchases to $225M Seeking Alpha’s Quant Rating on BTCS
BitcoinWorld Navigating Asia FX: The Crucial Impact of US CPI on Currency Stability The global financial landscape is a tapestry woven with intricate threads of economic data, central bank policies, and geopolitical events. For those observing the cryptocurrency space, understanding these broader macroeconomic currents is crucial, as they often dictate the flow of capital and investor sentiment across all asset classes. Recently, the revelation of a strong US CPI (Consumer Price Index) sent ripples across the globe, initially causing a dip in Asia FX . Yet, in a testament to the region’s resilience, many Asian currencies managed to steady themselves. This article delves into the dynamics behind this fascinating market reaction, offering insights into the interconnectedness of the global currency market and what it means for the future. Understanding the Initial Jolt: What Does Strong US CPI Signify? When the United States releases its Consumer Price Index, it’s more than just a number; it’s a critical indicator of inflation. A ‘strong’ or higher-than-expected US CPI reading signals that inflation is persistent or accelerating. For investors, this immediately triggers a series of reactions: Federal Reserve Expectations: A higher CPI typically reinforces the belief that the US Federal Reserve will either continue to raise interest rates or maintain them at elevated levels for longer. This is their primary tool to combat inflation. Dollar Strength: Higher US interest rates make dollar-denominated assets more attractive, leading to increased demand for the US Dollar. This strengthens the dollar against other major currencies. Risk-Off Sentiment: Persistent inflation and aggressive monetary tightening can dampen economic growth prospects, leading investors to pull back from riskier assets and seek the safety of the dollar or government bonds. The initial response in the currency market was predictable: a stronger dollar and a weakening of many other currencies, including those in Asia. However, the subsequent steadiness of Asia FX highlighted a more nuanced picture. Why Did Asia FX Stabilize After the Fall? Despite the immediate pressure from a surging dollar, many Asian currencies demonstrated a surprising degree of resilience. This stability wasn’t accidental but a result of several underlying factors: Robust Economic Fundamentals: Several Asian economies boast strong economic fundamentals, including healthy trade surpluses, significant foreign exchange reserves, and relatively stable domestic demand. These factors provide a buffer against external shocks. Central Bank Interventions: Many Asian central banks possess the tools and willingness to intervene in the currency market to prevent excessive volatility. They can use their reserves to buy their domestic currency, thereby supporting its value. Diversified Trade Relations: While the US remains a crucial trade partner, many Asian economies have diversified their trade relationships, reducing their sole reliance on the US market. Intra-Asia trade has grown significantly, providing a source of regional stability. Capital Controls and Regulations: Some Asian nations maintain a degree of capital controls or have regulatory frameworks that can temper the speed and scale of capital outflows, contributing to currency stability. This collective strength allowed Asia FX to absorb the initial shock from the strong US CPI and find its footing, preventing a more significant and prolonged depreciation. Regional Dynamics: How the Currency Market Reacted Across Asia While the overall trend for Asia FX was towards steadiness, it’s important to acknowledge the varied performance of individual currencies within the region. Not all currencies reacted identically, reflecting unique domestic economic conditions and policy stances. Here’s a snapshot of how some key Asian currencies performed: Currency Initial Reaction to Strong US CPI Subsequent Trend Key Influencing Factors Japanese Yen (JPY) Significant weakening Continued weakness Bank of Japan’s ultra-loose monetary policy, widening interest rate differential with the US. Chinese Yuan (CNY) Managed depreciation Relatively stable, within a narrow range People’s Bank of China’s strong control, focus on domestic growth, capital controls. Korean Won (KRW) Initial dip Gradual recovery/stabilization Strong export performance (especially tech), Bank of Korea’s hawkish stance on interest rates . Indian Rupee (INR) Moderate depreciation Relatively stable, central bank intervention Robust domestic demand, strong foreign investment inflows, RBI’s active currency management. Singapore Dollar (SGD) Initial dip Quick recovery Monetary Authority of Singapore’s policy of managing the currency’s trade-weighted band, strong economic fundamentals. Indonesian Rupiah (IDR) Noticeable depreciation Some stabilization, vulnerable to capital outflows Commodity exporter, sensitive to global risk sentiment and capital flows. This table illustrates that while the US CPI acted as a universal catalyst, the ultimate trajectory of each Asian currency was shaped by a combination of global forces and specific domestic conditions. The Japanese Yen, for instance, remains an outlier due to the Bank of Japan’s steadfast commitment to maintaining low interest rates , creating a stark divergence with the US Federal Reserve. The Enduring Shadow of Interest Rates: Federal Reserve’s Influence The Federal Reserve’s monetary policy, heavily influenced by inflation data like the US CPI , casts a long shadow over global financial markets. When the Fed signals a commitment to higher interest rates , it creates a powerful magnet for capital, drawing funds away from emerging markets and into US dollar-denominated assets. This dynamic presents a significant challenge for Asian central banks. They face a delicate balancing act: Countering Capital Outflows: To prevent their currencies from depreciating too rapidly, Asian central banks might be compelled to raise their own interest rates, even if domestic economic conditions don’t fully warrant it. This can stifle local growth. Managing Imported Inflation: A weaker local currency makes imports more expensive, contributing to domestic inflation. Central banks must weigh the costs of a weaker currency against the need to support economic activity. Maintaining Competitiveness: While some depreciation can make exports cheaper and more competitive, excessive volatility can deter foreign investment and disrupt trade. The interplay between US interest rates and Asian monetary policy will remain a central theme in the global currency market , influencing everything from trade balances to investment flows. What Does This Mean for the Forex Outlook in Asia? The ability of Asia FX to steady itself after the strong US CPI print offers valuable lessons for the future. While volatility is an inherent part of the currency market , the underlying strength of many Asian economies provides a degree of resilience. However, the forex outlook remains complex and contingent on several factors: Key Factors to Monitor for the Future Forex Outlook: Future US Economic Data: Subsequent US inflation reports (CPI, PCE), employment figures, and GDP growth will continue to shape Federal Reserve policy and, consequently, the US Dollar’s strength. Any signs of cooling inflation could ease pressure on Asian currencies. Federal Reserve Commentary: Statements and speeches from Fed officials provide crucial clues about their future policy intentions. Investors will scrutinize these for any shifts in their hawkish or dovish stance. Global Growth Prospects: The health of the global economy, particularly major economies like China and the Eurozone, will impact trade volumes and risk appetite, influencing capital flows into and out of Asia. Geopolitical Developments: Any significant geopolitical events, whether trade disputes, regional conflicts, or political instability, can quickly alter market sentiment and trigger currency movements. Commodity Prices: Many Asian economies are significant importers or exporters of commodities. Fluctuations in oil, gas, or metal prices can directly impact their trade balances and, by extension, their currencies. Actionable Insights for Investors: Diversification is Key: For those with exposure to Asian markets, maintaining a diversified portfolio across different currencies and asset classes can mitigate risks associated with single-currency volatility. Monitor Central Bank Actions: Pay close attention to the policy decisions and communications of both the US Federal Reserve and key Asian central banks. Their interest rate decisions are powerful drivers of currency movements. Consider Hedging Strategies: For businesses or investors with significant cross-border transactions or investments, employing hedging strategies (e.g., currency forwards, options) can protect against adverse currency fluctuations. Look Beyond Headlines: While initial reactions to data like US CPI can be sharp, understanding the underlying economic fundamentals and policy responses provides a more accurate picture of long-term trends in the currency market . Challenges and Opportunities for Asian Economies The ongoing global economic rebalancing presents both challenges and opportunities for Asian economies as they navigate the complexities of the currency market driven by factors like US inflation and evolving interest rates . Challenges: Imported Inflation: A persistently strong US Dollar and higher global commodity prices can lead to increased costs for imported goods, fueling domestic inflation in Asian nations. Capital Flight Risk: Should the US offer significantly higher risk-adjusted returns, there’s always the risk of capital flowing out of Asian markets, putting downward pressure on local currencies and potentially impacting asset prices. Debt Servicing: For countries or corporations with significant dollar-denominated debt, a weaker local currency makes debt servicing more expensive, potentially straining finances. Opportunities: Resilient Domestic Demand: Many Asian economies benefit from large and growing domestic markets, which can act as a buffer against external shocks and maintain economic momentum. Intra-Asia Trade and Investment: The increasing economic integration within Asia fosters resilience. Growing trade and investment flows among Asian nations reduce reliance on Western markets. Structural Reforms: The need to respond to global economic shifts can accelerate structural reforms within Asian economies, enhancing their competitiveness and long-term growth potential. Digital Transformation: Rapid adoption of digital technologies across various sectors offers new avenues for growth, productivity gains, and innovation, making these economies more attractive to foreign direct investment. The ability of Asian policymakers to leverage these opportunities while mitigating the challenges will be paramount in ensuring continued stability and growth for Asia FX . Conclusion: A Resilient Path Forward for Asia FX The episode of Asia FX steadying after the initial fall triggered by strong US CPI data serves as a compelling narrative of global economic interconnectedness and regional resilience. It underscores that while US economic data and Federal Reserve interest rates hold immense sway over the global currency market , Asian economies are not merely passive recipients of these forces. Instead, their robust fundamentals, proactive central bank policies, and diversified economic structures enable them to navigate challenging waters with remarkable stability. For investors, businesses, and policymakers, the key takeaway is the importance of a nuanced understanding of these dynamics. The forex outlook for Asia remains dynamic, influenced by a delicate balance of global macroeconomic trends and specific regional strengths. Staying informed about inflation data, central bank communications, and geopolitical developments will be crucial for making informed decisions in this ever-evolving landscape. The resilience demonstrated by Asia FX is a testament to the region’s growing economic maturity and its increasing role in shaping the global financial order. To learn more about the latest Forex market trends, explore our article on key developments shaping currency stability and future oriented liquidity. This post Navigating Asia FX: The Crucial Impact of US CPI on Currency Stability first appeared on BitcoinWorld and is written by Editorial Team
Pump.fun has launched an aggressive buyback program, transferring 101,900 SOL worth approximately $16 million to purchase 3.04 billion PUMP tokens at an average price of $0.006, in a desperate bid to recover from the token’s catastrophic 75% crash following its $500 million presale launch . The buyback initiative follows PUMP’s plummet from pre-market highs of $0.0072 to lows of $0.005 within 24 hours of its July 12 launch, triggering massive shorting by whales and investor panic. The platform has allocated $30.6 million in fee revenue for the buyback program, with 118,351 SOL already spent on token purchases. According to on-chain data , the buyback represents a significant strategic shift for Pump.fun, which previously sold approximately 4.1 million SOL worth $741 million at an average price of $180 since May 2024. According to On-chain data, Pumpfun has allegedly transferred 101,900 SOL, worth approximately $16 million, to a buyback address. Lookonchain shows that, Pumpfun has sold a total of approximately 4.1M SOL ($741M) at an average price of approximately $180 since May 19, 2024.… — Wu Blockchain (@WuBlockchain) July 16, 2025 The platform had been systematically converting fee revenue through Kraken exchange rather than supporting its token price. The buyback program allocates 25% of revenue to token holders, generating approximately $538,000 in daily buybacks based on 180-day trailing numbers. This translates to $196.6 million annually flowing directly to token holders, with PUMP currently trading at a discount compared to competitors like Jupiter ( $JUP ) and Raydium ( $RAY ). Strategic Buyback Initiative Aims to Restore Investor Confidence The buyback program addresses concerns about the massive concentration of whales that contributed to the initial crash. Approximately 340 wallets controlled over 60% of presale allocations, with 189 wallets hitting the $1 million investment cap during the public sale. Multiple presale participants immediately cashed out for substantial profits, including one whale who purchased $1 million worth of PUMP and sold it for $1.5 million, generating a $500,000 profit. Another investor bought $1 million worth and sold for $1.097 million immediately after launch. $PUMP token tanks catastrophic 75% on launch as whales short big and $500M presale unlock fears trigger epic collapse while LetsBonk captures market dominance. #Pump #Pumpfun #LetsBonk https://t.co/FJKmBBjFEv — Cryptonews.com (@cryptonews) July 15, 2025 The token’s structure created immediate sell pressure with 33-55% of the total supply unlocked at launch, representing billions in potential selling pressure. At least $142 million in token allocations went directly to centralized exchanges for immediate liquidity, with most tokens unlocked within 72 hours. Major exchanges prioritized the listing of perpetual futures over spot trading, enabling aggressive shorting before retail investors could access spot markets. One identified whale opened an $8.5 million short position, while funding rates for shorting reached 1,100% annualized on decentralized platforms. Market Dynamics Challenge Long-term Buyback Effectiveness According to an analysis of Pump.fun’s buyback strategy, conducted by Simon, a researcher from Delphi Digital, reveals potential limitations as token prices increase. Monthly revenue of $70 million with 50% allocated to buybacks could purchase approximately 5.25% of the total supply over 12 months, down from 8.4% if prices remained flat. The current valuation stands at a fully diluted value of $6 billion, with a market capitalization of $2.12 billion, trading at a market cap-to-earnings ratio of 10.78x based on 180-day trailing numbers. Source: @simononchain on X This compares favorably to competitors, with Jupiter trading at a 14.17x and Raydium at a 13.09x market cap-to-earnings ratio. However, rising token prices significantly reduce the effectiveness of buybacks. If PUMP appreciates 10% monthly while maintaining fixed $35 million monthly buybacks, the percentage of supply reclaimed drops sharply as prices increase, requiring either price stabilization or revenue growth to maintain buyback pressure. Unfortunately, the recovery effort faces headwinds from LetsBonk’s superior performance metrics. The competitor has launched a total of 363,541 tokens, with 4,031 graduating to full trading, generating a total market capitalization of $806 million. Source: Dune LetsBonk’s average market cap per token stands at $32,450 compared to Pump.fun’s $34,070 for graduated tokens. Pump.fun’s broader struggles include a 75% decline in trading volumes since January and an 80% reduction in daily volumes over six months. The platform processes approximately $1.25 billion in daily meme coin volume across all platforms, with 34,110 coins launched and 398 graduating to full trading. The post Pump.fun Transfers $16M SOL to Buy Back 3B PUMP Tokens – Can PUMP Recover? appeared first on Cryptonews .
The Shiba Inu ecosystem faces concerns over a wallet holding 41% of its supply. Uncertainty about the wallet's owner undermines decentralization beliefs in the community. Continue Reading: Massive Wallet Stirs Tension in the Shiba Inu Community The post Massive Wallet Stirs Tension in the Shiba Inu Community appeared first on COINTURK NEWS .
A last-minute intervention by U.S. President Donald Trump may have rescued Crypto Week after a major procedural vote collapsed, stalling key legislation. On July 15, an attempt by the U.S. House to advance three pivotal crypto bills failed after a group of conservative Republicans rebelled, citing concerns over central bank digital currencies (CBDCs). CBDC Concerns Derail Crypto Week Push Announced on July 3 by House Republican Leaders and commencing on July 14, the highly anticipated Crypto Week was meant to mark a historic step toward making the U.S. a global leader in digital asset innovation. Instead, it hit an immediate snag when a procedural vote to bring the GENIUS Act, the Digital Asset Market Clarity Act, and the Anti-CBDC Surveillance State Act to the House floor for debate failed, 196 to 223. A group of hardline Republicans, many from the Freedom Caucus, defied party leadership to vote with the Democrats, enabling the defeat. Journalist Eleanor Terrett identified 12 dissenters, including Reps. Andy Biggs, Tim Burchett, Chip Roy, and Marjorie Taylor Greene. Others were Andrew Clyde, Eli Crane, Andy Harris, Ana Paulina Luna from Florida’s 19th District, and Scott Perry, representing Pennsylvania’s 10th District. Their primary objection reportedly centered on fears that the GENIUS Act could open the door to a retail central bank digital currency. According to Terrett, the bill (Section 4C) explicitly prohibits the Federal Reserve from offering “things like digital wallets, personal accounts, or anything that veers into CBDC territory.” She clarified that House Majority Leader Steve Scalise had strategically switched his vote to “no” to preserve the option for a revote. Deal Struck, Revote Set President Trump had earlier taken to Truth Social to urge Republican lawmakers to pass the procedural vote, touting the GENIUS Act as key to U.S. crypto dominance. However, following the rebellion, he invited 11 of the 12 holdouts to a meeting in the Oval Office to impress upon them the importance of passing the bills. Later, he announced that he’d secured their support for the revote scheduled for Wednesday. “I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act,” Trump posted on Truth Social. “After a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule.” The GENIUS Act, which already passed the Senate, is focused on stablecoin regulation, demanding full backing and audits. Meanwhile, the Clarity Act seeks to define SEC/CFTC oversight roles and enforce investor protections. The third piece of legislation, the Anti-CBDC Surveillance State Act, directly challenges the Fed’s authority to implement a digital dollar. While the immediate hurdle may have been overcome, Democrats remain in opposition, citing, among others, concerns over Trump’s crypto ties and potential conflicts of interest. The post Trump Rescues Crypto Week After GOP Revolt appeared first on CryptoPotato .
XRP exchange reserves have surged to their highest point since January 2025, echoing a previous peak that led to a significant 20% price correction. Whale transactions have reached a three-month
Shiba Inu (SHIB) has seen renewed interest due to recent positive developments in the crypto market. Over the past 24 hours, the token’s value has increased by 1.44% bringing its current price to approximately $0.00001344. This represents a 16.66% rise over the last week. With this modest rally, discussions surrounding Shiba Inu’s long-term prospects have re-emerged, particularly the long-standing community goal of reaching a price of $0.01. Commonly referred to as the “one-cent goal,” this milestone has been a topic of discussion since the token’s peak performance during the 2020–2021 bull cycle. SHIB Historical Context and Community Optimism Shiba Inu originally launched with ten decimal places in its value but managed to reduce that number by five during its historic rally, reaching an all-time high of $0.00008845. That increase encouraged widespread belief among holders that SHIB could continue on a path of substantial growth during future bullish trends. Although achieving a price of $0.01 would require SHIB to eliminate three more decimal places from its current value, many within the community remain optimistic. Prominent figures associated with the Shiba Inu ecosystem, including its marketing lead Lucie, have expressed that while the one-cent target may be attainable, it is unlikely to happen soon. Similarly, community advocate Luis Delgado believes that upcoming developments under the guidance of lead developer Shytoshi Kusama could play a role in driving further price appreciation. Crypto content creator YourPOP has also suggested that SHIB could eventually reach this price level. Shiba Inu (SHIB) Long-Term Growth Projections To assess the timeline for Shiba Inu (SHIB) potentially reaching $0.01, the token is projected to increase in value by 2% every month, using $0.0000124 as the starting price. If Shiba Inu grows steadily at a monthly rate of 2% from its current price of $0.00001344, it is projected to reach approximately $0.00001512 by December 2025. At this rate, SHIB could surpass the $0.0001 threshold by March 2034. Continuing on this trajectory, the token may approach $0.001 around late 2043 and potentially achieve the $0.01 milestone by May 2053. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 This represents a growth period of roughly 27.8 years, or 334 months, assuming uninterrupted monthly gains of 2%. This estimate is more conservative compared to other projections. Changelly anticipates SHIB could hit $0.01 by 2033, while Telegaon places its forecast between 2036 and 2039. Supply Concerns and Market Cap Implications A major concern surrounding the possibility of SHIB reaching $0.01 relates to the implications for market capitalization. Based on its current supply, an increase to $0.01 would require SHIB’s market cap to reach approximately $5.89 trillion, an amount that would far exceed the total value of today’s cryptocurrency market. Due to this, some community members argue that significant reductions in the token’s supply are essential. One proposal suggests reducing SHIB’s circulating supply to 7 trillion tokens. Under that scenario, a $0.01 price would result in a market capitalization of about $70 billion, which some view as a more realistic valuation considering the broader market. While the notion of SHIB reaching $0.01 remains appealing to many investors, achieving this goal would require either decades of steady growth or major changes to the token’s supply dynamics. Although optimistic projections exist, practical considerations such as market cap feasibility and long-term consistency must be considered when evaluating this possibility. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Here’s When SHIB Could Hit $0.01 If Its Price Rises 2% Every Month appeared first on Times Tabloid .