On July 9, official data revealed that the leading cryptocurrencies by daily trading volume on Gate Alpha for July 8 were TAG, BOOM, and BR. The platform recently introduced two
Ripple’s push for a U.S. banking license has reignited bullish momentum for XRP, fueling a high-volume breakout above the $2.28 resistance level and setting up a potential test of $2.38 — a level that, if breached, could trigger a larger upside move. News Background Ripple's application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC) has provided a fundamental catalyst for XRP. The move signals deeper integration into the regulated financial system and is widely seen as a bullish step toward institutional adoption. As the regulatory narrative shifts, XRP has emerged as one of the few altcoins with both legal clarity and rising institutional interest. Price Action Summary XRP rallied 2.36% over the 24-hour period from 6 July 03:00 to 7 July 02:00, climbing from $2.21 to $2.26 with high conviction buying. The breakout was defined by a surge in trading volume, peaking at over 67 million units during the 10:00 hour as price pushed through $2.28 . Price action printed a daily high of $2.29 , before pulling back and consolidating above support at $2.24–$2.25 . Technical Analysis The intraday range spanned $0.08 (3.62%) , with key breakout points at 08:00, 10:00, and 13:00 — each confirmed by above-average volume. $2.24–$2.25 has established itself as strong support after bulls defended this zone during an 18:00 dip. The $2.28–$2.29 area now acts as immediate resistance. A decisive flip of this zone could open room for a run toward $2.38 — a level technical analysts are closely watching as the next major breakout trigger. In the final 60 minutes of the session (7 July 01:05–02:04), XRP surged from $2.26 to $2.27 , a 2.29% jump, with momentum building at 01:30 and 02:01 — both marked by sharp volume spikes. What Traders Are Watching A sustained close above $2.28 with volume confirmation could push XRP toward the next upside targets of $2.38 , then $2.60–$3.40 in extension. Failure to hold $2.25 support would likely trigger a retest of $2.21–$2.22 demand zone. With a rising narrative around Ripple’s regulatory progress and XRP’s legal clarity, the asset remains one of the most structurally bullish large-cap tokens in the current macro environment. ( Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .)
BitcoinWorld ARK Invest: Global M2 to Bitcoin Supply Ratio Reaches 12-Year High Table of Contents What Did ARK Invest Reveal? Why Does the M2 to Bitcoin Ratio Matter? What Could This Mean for Investors? FAQs Introduction In its June 2025 Bitcoin Monthly Report , global asset manager ARK Invest has revealed a striking milestone for Bitcoin’s scarcity narrative. The ratio of global M2 money supply to Bitcoin supply has reached its highest point in 12 years — highlighting how Bitcoin’s fixed supply continues to contrast with expanding global liquidity. What Did ARK Invest Reveal? According to ARK Invest’s official report ( source ), each Bitcoin now represents about $5.7 million of global M2 money supply . This is the highest ratio seen since Bitcoin’s early years. Key details from the report: Record Ratio: The global M2 supply is growing, while Bitcoin’s issuance rate keeps dropping due to its halving cycle. Future Outlook: ARK expects this ratio to keep climbing as Bitcoin’s supply growth shrinks further. Scarcity Signal: With less new Bitcoin entering circulation, its role as a hedge against fiat currency dilution strengthens. Why Does the M2 to Bitcoin Ratio Matter? Many investors track the M2-to-Bitcoin ratio to understand Bitcoin’s relative scarcity against global liquidity: M2 Supply: Represents cash, checking deposits, and easily convertible near-money — a core measure of global money supply. Bitcoin’s Cap: Unlike fiat currencies, Bitcoin’s total supply is capped at 21 million coins , with the last Bitcoin expected to be mined around 2140. Implication: Rising M2 + fixed Bitcoin = each Bitcoin theoretically absorbs more global liquidity over time. As Cathie Wood , CEO of ARK Invest, has often stated, Bitcoin could act as a hedge against monetary debasement when central banks expand liquidity ( source ). What Could This Mean for Investors? Here are three takeaways for Bitcoin investors and analysts: Potential Store of Value: A higher M2 ratio supports the thesis that Bitcoin’s scarcity could protect wealth long-term. Macro Hedge: Some view Bitcoin as an alternative to gold when fiat supply expands aggressively. Caution Required: Volatility remains — investors should balance enthusiasm with prudent risk management. For related trends, see [Link to related internal page]. FAQs Q1: Who is ARK Invest? ARK Invest is a global investment firm founded by Cathie Wood, known for its focus on disruptive innovation and in-depth research reports. Q2: What is the M2 money supply? M2 includes physical cash, checking accounts, and easily liquid assets — it’s a standard measure of how much money circulates in an economy. Q3: How does Bitcoin’s supply limit work? Bitcoin’s supply is hard-coded to a maximum of 21 million coins. New coins are released through mining rewards, which halve approximately every four years. This post ARK Invest: Global M2 to Bitcoin Supply Ratio Reaches 12-Year High first appeared on BitcoinWorld and is written by Keshav Aggarwal
EU-US trade negotiations are approaching a critical juncture as Brussels prepares to finalize a provisional framework agreement with the Trump administration. This deal is expected to establish a 10% reciprocal
Dogecoin surged 5% in the last 24 hours, climbing from $0.163 to $0.171 amid rising institutional accumulation and a technical breakout above key resistance. The most aggressive price action came between 12:00 and 13:00 UTC on July 6, when DOGE jumped from $0.166 to $0.173 on massive volume exceeding 1.14 billion — nearly 6x its daily average. Strong volume-based support formed at $0.166, with consolidation now occurring between $0.170 and $0.173. Analysts are watching the $0.173-$0.175 zone as immediate resistance; a clean break above could open up a path to $0.180 and $0.21. On-chain data also shows that while smaller holders have exited positions, whales holding 1M–100M DOGE have steadily accumulated since June 28, signaling long-term confidence. News Background The price action unfolds as President Trump’s “Liberation Day” tariff deadline (July 9) continues to weigh on markets. Meanwhile, Elon Musk’s launch of The American Party , widely speculated to eventually integrate DOGE for payments on X, has added momentum and visibility. With macro headwinds still unresolved, DOGE’s structure suggests buyers are stepping in at each dip — a potential sign of early positioning ahead of a larger move. Technical Analysis Highlights DOGE gained 5.01% from $0.163 to $0.171 between 6 July 03:00 and 7 July 02:00. The strongest move occurred between 12:00–13:00 UTC, with DOGE spiking to $0.173 on 1.14 billion volume. Support established at $0.166, validated by high-volume buying pressure. Consolidation followed between $0.170–$0.173, with multiple resistance tests at $0.173 during the 21:00–23:00 window. In the last hour of trading, DOGE rose from $0.171 to $0.172 (+0.85%) with breakout confirmation between 01:30–01:37. Volume spikes of 12.8M at 01:16 and 8.0M at 01:36 suggest continued bullish momentum. Immediate resistance levels: $0.173, $0.175, and $0.180; critical support remains at $0.166. (Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.)
Bitcoin (BTC) has remained range-bound between $100,000 and $110,000 since May 7, aside from a few dips to as low as $98,000 in June, which were quickly followed by daily candle closes above the $100,000 level. Recent analysis reveals that BTC has withstood sustained selling pressure on Binance Derivatives throughout this period. Bitcoin Withstands Binance Derivatives Sell-Off According to a CryptoQuant Quicktake post by contributor BorisVest, taker users on Binance Derivatives have consistently engaged in sell-side activity for at least the past 45 days. Notably, the Cumulative Volume Delta (CVD) has remained negative throughout this time. For the uninitiated, the CVD measures the net difference between market buy – aggressive buying – and market sell – aggressive selling – orders over time. It helps traders identify whether buying or selling pressure is dominating, even if price remains stable. Related Reading: Bitcoin Short-Term Holder Floor Rises Toward $100,000, Reinforcing Bullish Sentiment BorisVest noted that Binance Derivatives traders are treating each BTC bounce or rally as a selling opportunity, opening aggressive short positions via market sell orders. However, this strong sell pressure has failed to push prices lower, as BTC continues to absorb the selling activity and maintain support above $100,000. The analyst added that as long as BTC remains within its current range – between $100,000 and $110,000 – while absorbing sell pressure, the potential for upside remains intact. He explained: The CVD metric plays a crucial role here. It aggregates both taker and maker activity to provide a real-time picture of net buy/sell pressure. The fact that CVD remains in decline confirms the dominance of sell-side flow. Yet, the inability of price to drop further despite this pressure may signal that Bitcoin is being absorbed by institutional or large players in the background. That said, other analysts interpret the persistent selling pressure differently. For example, fellow CryptoQuant analyst Crazzyblockk recently observed that new buyer demand is struggling to keep pace with the combined supply pressure from newly mined BTC and selling by long-term holders. BTC Eyeing A Breakout Ahead? Bitcoin’s resilience in the face of heavy selling on Binance Derivatives has once again sparked speculation about a potential breakout. Several additional data points suggest that BTC may be poised to move into a higher price range soon. Related Reading: Bitcoin Forming Inverse Head And Shoulders Pattern – Is $150,000 The Next Target? For instance, recent on-chain data shows that “weak hands” are offloading their BTC holdings to larger, more established investors – indicating a broader shift in sentiment favoring Bitcoin. Meanwhile, institutional interest in the asset continues to grow. Additionally, the Bitcoin Yearly Percentage Trend suggests that BTC could top out around $205,000 by the end of 2025. At press time, BTC trades at $108,589, up 0.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The tokenization of equities, while seen as a promising way to democratize access to publicly listed company stocks, has not gained traction as expected. Proponents of tokenization argue that existing regulations block the widespread adoption of equity tokenization. The Slow Burn of Equity Tokenization: Hype Versus Reality Although the tokenization of equities is widely accepted
The crypto market is buzzing with bold predictions and breakout candidates for the next bull cycle. While XRP and Solana remain staples on most analyst buy lists, a new meme-powered altcoin is rapidly entering the conversation. MAGACOIN FINANCE , a politically charged, decentralized project, is now being called the next potential 100x crypto — and analysts are paying close attention. MAGACOIN FINANCE: The Top-Powered Underdog with Real Momentum MAGACOIN FINANCE has taken the meme coin world by storm, but this isn’t just another Dogecoin clone. It combines cultural relevance, community ownership, and fixed tokenomics to create what experts are calling one of the most promising crypto launches of 2025 . Built as a decentralized political memecoin , MAGACOIN FINANCE blends humor and ideology with real utility. The project has zero taxes , full transparency, and an audited smart contract verified by HashEx — rare features in the meme coin space. What’s driving the hype? A fixed supply , meaning no inflation risk. Thousands of wallets joining the presale. Sold-out stages , indicating massive demand. High-level analyst attention comparing it to early-stage Dogecoin and Shiba Inu . Experts say it’s not just a coin — it’s a narrative-driven movement , and early participants could ride the wave before listings and FOMO push it into the mainstream. XRP: Legal Clarity Sparks Long-Term Optimism XRP continues to be a favorite among crypto veterans due to its utility and renewed momentum. Legal clarity has made it more appealing to institutions, and its fast, low-cost settlement network remains unmatched. While it may not be a 100x candidate from current levels, XRP’s place on analyst buy lists is rooted in long-term growth potential and strong ecosystem developments. It serves as a benchmark for utility coins , and now, newer tokens like MAGACOIN FINANCE are being evaluated through that same lens — especially those with strong community energy and clear use cases. Solana: Speed, DeFi, and Growing Institutional Confidence Solana has earned its spot as one of the top Layer-1 networks, with analysts calling it a top altcoin pick for 2025. Thanks to its lightning-fast transactions, growing DeFi ecosystem, and new institutional products, Solana is still seen as a powerful contender in the smart contract wars. However, its growth story is already well underway. That’s why early-stage investors are increasingly seeking out newer assets like MAGACOIN FINANCE that offer greater upside with lower market caps — especially ones backed by strong narratives and verified token models. Final Thoughts: Why Analysts Say MAGACOIN FINANCE Could Be the Next 100x If XRP and Solana represent proven giants with solid growth stories, MAGACOIN FINANCE is the wild card with explosive upside potential. Backed by a viral community, narrative power, and structural fundamentals, it’s ticking every box for investors seeking the next high-momentum altcoin. As analyst attention builds and investor demand surges, the opportunity to get in early is shrinking fast. The presale is live, the supply is capped, and the clock is ticking — all signs point to a rare chance to front-run what could be the next breakout in the meme coin space. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: New 100x Crypto Alert: MAGACOIN FINANCE Joins XRP and Solana on Analyst Buy Lists
Billionaire Elon Musk’s X post drew attention to Solana’s Peanut the Squirrel (PNUT) token, which has so far climbed more than 10% in price in just 24 hours. In his Tuesday post, Musk bashed the government for failing to take action against people on the Epstein client list , including a meme mocking the justice system. The meme insinuated that more squirrels and raccoons than Epstein’s affiliates have been apprehended. Crypto traders tied Musk’s post to Solana’s PNUT token Musk also mentioned a squirrel named Peanut, who was “arrested (and killed), in his post. While he didn’t name the PNUT token explicitly, the timing of his post coincided with a spike in the coin’s price and trading activity. Source: CoinMarketCap He wrote, “They arrested (and killed) Peanut but have not even tried to file charges against anyone on the Epstein client list. Government is deeply broken.” So far, the post has over 13.7 million views, earning nearly 45% of the views in just a few hours. Crypto investors seem to have associated his post with the Solana meme coin. After his post, the PNUT token surged 10% to $0.2357. The asset’s 24-hour trading volume also grew 80%, crossing $214 million. Currently, the meme coin has a market cap of $223 million, trading at $0.2257. Musk’s past posts have fueled crypto price rallies This is not the first time Musk’s posts have driven price rallies for crypto assets. In January, he changed his handle on X to “Kekius Maximus” and profile picture to show “Pepe the Frog” in Roman military attire, holding a video game joystick. After his alteration, the Kekius Maximus token surged over 900% . In 2021, Musk wrote, “The Dogefather SNL May 8” in one of his posts, and Dogecoin, a popular meme coin, rose over 20% in 24 hours. Then again, in 2024, he posted an AI image related to the token, causing another price rise for the token by about 8%. Additionally, in January 2021, he changed his bio on the platform to #bitcoin. Soon after, Bitcoin’s price jumped from roughly $32,000 to more than $38,000, adding $111 billion to its market cap. Moreover, the Ethereum-based meme coin Floki rose 418% after the billionaire posted a picture of his dog named Floki in 2023. Judging from history, Musk’s meme and crypto-related posts, no matter how subtle, tend to spark swift reactions in the crypto market. In this case, a satirical political reference propelled a Solana meme token upward, but whether the token can grow more hinges on future hype and traction. Musk is hoping to establish a new political party Meanwhile, the billionaire is focused on building a third party that could rival the Republican and Democratic parties. Following his fallout with President Trump over the ‘Big Beautiful Bill,’ Musk disclosed the birth of the American Party. He’s touted the new party as tech-driven, fiscally responsible, energy-friendly, and politically centrist, aiming to attract both Democrats and Republicans alike. However, experts have warned that disbanding the grip of the traditional parties demands significant funding and long-term dedication. They noted how previous attempts failed, especially since elections in the country are at a state-by-state level. However, some are optimistic that Musk could pull through with his new party, including David Jolly, a former Republican congressman from Florida. Jolly believes the challenge in forming a new party is having resources, noting that Musk could provide that. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Trump Media & Technology Group (TMTG), the parent company of Truth Social, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for a “Blue Chip crypto” exchange-traded fund (ETF). The proposed investment trust will primarily hold Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) , Ripple (XRP) , and Cronos (CRO) , the native token of the Cronos blockchain, which is associated with the Crypto.com exchange. The SEC has acknowledged the filing, which means it’s now under review, according to a July 8 SEC submission. Source: Sec.gov Truth Social ETF Portfolio Structure and Crypto.com partnership The ETF portfolio will maintain a composition of approximately 70% Bitcoin , 15% Ethereum , 8% Solana , 5% Cronos , and 2% XRP by value. Upon approval, the ETF will be listed and traded on NYSE Arca, though the fund’s ticker symbol remains undisclosed. "the Trust’s allocation of its assets to the Portfolio Assets (the “allocation ratio”) is initially expected to approximate percentages by value of 70% bitcoin, 15% ether, 8% SOL, 5% CRO and 2% XRP." — Eric Balchunas (@EricBalchunas) July 8, 2025 The proposed ETF is expected to function as a passive investment vehicle, tracking the market prices of its underlying cryptocurrencies without employing leverage, derivatives, or speculative trading strategies. The fund will also engage in staking for assets such as Ethereum, Solana, and Cronos, allowing it to generate staking rewards. Truth Social previously filed for a spot Bitcoin ETF in June, followed by a submission for a Bitcoin and Ethereum combination ETF. Similar to those registration statements, the “Truth Social Crypto Blue Chip ETF” is sponsored by Yorkville America Digital, while Foris DAX Trust Company will be serving as custodian for digital assets, according to the filing. Additionally, Crypto.com will act as the ETF’s exclusive Bitcoin custodian, prime execution agent, and liquidity provider. Earlier reports indicated a TMTG partnership with Singapore-based Crypto.com to launch “Made-in-America” ETFs. The media platform signed a non-binding agreement to offer a series of exchange-traded products (ETPs) and funds (ETFs) on the Cronos blockchain-owned exchange. The inclusion of CRO in the investable ETFs appears to confirm Crypto.com’s involvement in the venture. Notably, the news of the recent filing had a notably greater impact on CRO than on other Truth Social blue-chip cryptocurrencies. The asset surged more than 20% to a monthly high of $0.09886, while Bitcoin, Ethereum, XRP, and Solana only experienced gains between 1.08% and 3.6% during the same period. Source: Coingecko TMTG’s Broader Digital Asset Strategy Amid President Trump’s Growing Crypto Fortune The SEC’s potential approval follows the confirmation by Truth Social’s parent company of its digital asset strategy, which includes a Bitcoin treasury plan. On May 30, the company announced it had raised $2.44 billion through a private placement involving nearly 50 institutional investors. The SEC has approved Trump Media and Technology Group’s (TMTG) registration statement linked to a $2.3 billion Bitcoin treasury initiative. #Trump #TruthSocial https://t.co/ybidUAZtqb — Cryptonews.com (@cryptonews) June 14, 2025 The funding round included 55.9 million shares at $25.72 and $1 billion in zero-coupon convertible notes, with proceeds designated for Bitcoin acquisition and general operations. In a May 27 announcement, TMTG President and CEO Devin Nunes described Bitcoin as “an apex instrument of financial freedom,” stating that it would become a core component of the company’s asset base. On the same day, Arkham Intelligence posted on X: “Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?”, referencing MicroStrategy’s executive chairman and his aggressive Bitcoin strategy. Moreover, President Trump appears to be benefiting significantly from these cryptocurrency ventures. A July 2 Bloomberg report revealed that Trump and his family have reportedly earned over $620 million from recent cryptocurrency ventures, with Trump’s exclusive crypto holdings now comprising around 9% of his estimated $6 billion fortune as of June. The Trump family has seen crypto holdings rise to $620M+, driven by memecoin, token sales, and a 20% Bitcoin stake. #Cryptocurrency #TrumpMedia https://t.co/ReXDfVB0wT — Cryptonews.com (@cryptonews) July 2, 2025 Beyond the Truth Social-affiliated ventures, the majority of this wealth is tied to his family-backed firm, World Liberty Financial, and the launch of his personal meme coin, TRUMP . The post Truth Social Files for Blue-Chip Crypto ETF Including BTC, ETH, XRP, and SOL appeared first on Cryptonews .