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Gold investor Peter Schiff bragged about the returns on his precious metals in an X post on Tuesday before using the moment to take a dig at bitcoin ( BTC). Schiff says he owns the VanEck Gold Miners ETF (GDX), which has returned 61.3% so far this year according to Yahoo Finance. Schiff, a staunch
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The firm now holds nearly 500 Bitcoin, joining a growing list of companies adding Bitcoin to their balance sheets.
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Bitcoin has officially reclaimed center stage, crossing the $118,000 mark for the first time in history. Fueled by a record-setting short squeeze and ETF inflows, the breakout is triggering capital shifts across the market. SUI and Toncoin are showing signs of strengthābut itās MAGACOIN FINANCE, a decentralized political memecoin, thatās quietly entering buy-zone discussions among early-stage investors looking for high-conviction narratives in the next altcoin wave. MAGACOIN FINANCE: Political Altcoin Narrative Enters Buy-Zone Phase While BTC, SUI, and TON dominate headlines, MAGACOIN FINANCE is making noise where it mattersāwallets, volume, and forums. The meme-powered altcoin recently passed $11.2 million raised with over 5,234 verified holders. But whatās attracting fresh attention is the breakout behavior: weekly volume is up 320%, and 1,500+ new wallets were created in under 48 hours. MAGACOIN FINANCE isnāt riding ETF news or protocol upgradesāitās leading with ideological clarity. As a decentralized political memecoin, its zero-tax model, HashEx-audited contract, and capped 170B supply structure offer a scarcity play built on anti-centralization values. Early discussions suggest listing momentum could follow if current community traction continues. Traders who missed early SHIB or DOGE waves are calling MAGACOIN āthe politically aligned altcoin for this cycle.ā Bitcoinās Breakout Powered by Short Squeeze and ETF Inflows The Bitcoin rally has been nothing short of historic. Between July 10ā11, over $1 billion in short positions were liquidated, marking the largest forced buyback event since January. Spot ETF inflows continue to accelerate, bringing institutional demand and long-term price pressure. Bitcoin 7-Days price chart from CoinGecko Market sentiment is bullish, with open interest now clustering at the $120K and $140K strike levels. U.S. legislators are also preparing pro-crypto bills as part of an upcoming āCrypto Week,ā reinforcing optimism heading into Q3. But the more telling trend? Altcoin rotations are already underwayāparticularly toward early narratives and low-cap bets. SUI Holds Above $3.50 as DeFi Integrations Fuel Speculation SUI is emerging as one of the most technically robust altcoins this week. After integrating tBTCāa synthetic Bitcoin assetāinto its DeFi ecosystem, SUI soared above $3.50 and confirmed its inverse head-and-shoulders breakout pattern. Analysts now point to $3.89 as the next resistance target, with institutional accumulation growing and daily volume tracking higher. Itās a clear indicator that DeFi-aligned narratives are back in focus, especially those with cross-asset bridges and liquidity inflows. But SUIās surge is also creating spillover attention for projects like MAGACOIN FINANCEāthose operating in entirely different lanes but benefiting from renewed risk appetite. TON Rebounds Near $2.97 After Visa Controversy Cools Down Toncoin (TON) is stabilizing near $2.97 after weathering a wave of investor uncertainty related to its failed āgolden visaā pilot in the UAE. The TON Foundation clarified its limited role in the proposal, and traders are once again watching the charts. TONās symmetrical triangle setup signals a potential volatility breakout. Support at $2.81 has held, and sentiment is slowly improving, although technical indicators remain mixed. Analysts caution that TON needs a clean break past $3.00 to resume its previous trend. Final Thoughts Bitcoin is climbing. SUI is strengthening. TON is stabilizing. But MAGACOIN FINANCE is emergingāfast. As traders look for early-stage opportunities beyond hype cycles, MAGACOIN FINANCEās mix of community governance, transparent supply, and political identity makes it a serious contender in the next meme altcoin breakout. For a market driven by narratives and timing, this decentralized political memecoin checks both boxes. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Bitcoin Momentum Rebuilds ā TON and SUI Hit Technical Buy Zones
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South Korea's finance regulator has informally warned local asset managers to reduce their exposure to crypto exchange-traded funds (ETF) and U.S.-listed digital asset firms, according to a report by the Korean Herald . The Financial Supervisory Service (FSS) verbally told several firms to limit their exposure to Coinbase (COIN) and Michael Saylor's Strategy (MSTR), to comply with its 2017 policy stance. The report seems to suggest a change in policy by the country as it was previously reported that the regulator was looking at easing some of the trading requirements for crypto. The FSS' policy prohibits regulated financial institutions from holding or buying equity investments in digital assets. An FSS official said that despite the change in the regulatory environment in the U.S. and South Korea, institutions need to abide by the current set of guidelines, the report added. The FSS was not immediately available for comment.
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