Upbit’s recent listing of Ethena’s ENA token marks a significant development in enhancing liquidity and market access within South Korea’s crypto ecosystem. The ENA token experienced a notable price surge
Sei extended its recent gains to its highest level in five months, jumping 22% to touch highs of $0.35, with stablecoin integration a key catalyst. The Sei ( SEI ) token gained as top cryptocurrencies mirrored Bitcoin ( BTC )’s surge to new record highs. With Bitcoin rallying to above $118k to see over $1 billion in shorts liquidated , Sei broke out. Prices tapped bullish momentum to break above the key resistance of $0.30, with bulls taking advantage to hit levels last seen on January 31, 2025. The supply zone around intraday highs of $0.35 represents a previous key support level from November 2024, above which SEI rose to hit $0.73. Sei price chart. Source: crypto.news The Sei token reached its all-time high of $1.14 in March 2024. You might also like: Omni Network crypto explodes amid staggering $1.4b derivatives volume Sei gains amid stablecoin traction On July 10, the Sei Development Foundation announced a major milestone for the layer 1 blockchain network, a step it said is more than transformative. A year after its Sei V2 network launched, the ecosystem has seen a nearly 800% spike in total value locked and over 3,600% surge in daily Ethereum Virtual Machine transactions.The L1 has also attracted a huge number of developers. Stablecoin integration is what sets Sei ready for the next level of growth – from a high-performance network to the crypto and financial markets’ cross-chain liquidity hub. Putting Sei on the map is its integration of native USDC ( USDC ), the stablecoin’s native access coming at a time Sei has notched a 100% rise in stablecoin TVL. This aligns with a 300% spike in stablecoin transactions, notably pushing monthly stablecoin transactions to approximately 240 million since January 2024. Stablecoin TVL on Sei has grown by over 100% in the past 4 months. Just the start. ($/acc) pic.twitter.com/zcupEx0mRs — Sei (@SeiNetwork) July 9, 2025 Also launching on Sei is Circle’s cross-chain transfer protocol. CCTP V2 will help unlock the next phase of cross-chain value. Other than a fresh institutional on/off-ramp, native USDC means Sei growth as it becomes a key player in decentralized finance, gaming and payments and more. “Native USDC turns Sei’s high-speed infrastructure into trusted financial rails, ready for institutional scale,” the Sei team noted. Read more: SEI targets 55% rally as native USDC support sparks inverse H&S breakout
TL;DR The consolidation phase for many altcoins, including XRP, seems to be over, and Ripple’s native token is on the run again toward $3. On its way up, it managed to surpass USDT in terms of market cap and is now back in the third spot after months of hiatus. XRPUSD. Source: TradingView The graph above clearly demonstrates the price stagnation XRP had to endure for the past month or so. Its upper boundary was at around $2.6, while it also tested the lower one at $1.9 during the darkest hours of the war between Israel and Iran. Nevertheless, each attempt met immediate rejections, and the cryptocurrency was pushed south to a tight range between $2.2 and $2.3. However, there were multiple signs that the consolidation could be coming to an end, and one analyst even warned that most traders will miss the breakout. Such a price surge indeed started to materialize in the past few days, and especially today. XRP has been among the top performers on a daily scale, having surged by 20% at one point and coming close to $3 on most exchanges. Although it was stopped there and now sits just under $2.8, it’s still up by over 12% since yesterday. Its market cap has spiked above $160 billion for the first time in months, and XRP has now become the third-largest cryptocurrency, by overtaking Tether’s USDT. The move north was quickly picked up by the XRP Army, many of whom praised the asset’s performance and provided some bullish (and outrageous) predictions. $XRP at $2,500 isn’t just a dream. -Because a pump like 2017 would easily clear $2,000 Fact: The yearly resistance is now free so expect vertical price discovery. pic.twitter.com/A4G3PasuVk — Crypto Bitlord (@crypto_bitlord7) July 11, 2025 The post XRP Breaks Free With Double-Digit Gains — Flips USDT in Market Shake-Up appeared first on CryptoPotato .
Despite the recent market momentum, the majority of cryptocurrencies have yet to achieve their all-time highs (ATH). This trend suggests that Bitcoin, as the leading digital asset, retains significant upside
Most of the big brands that advertise on X have kept quiet about their plans after the site’s AI chatbot, Grok, praised Hitler and shared antisemitic conspiracy theories on Tuesday, with CEO Linda Yaccarino stepping down the next day. In 2023, brands such as Apple, Disney, and Warner Bros. Discovery stopped their advertising investments after owner Elon Musk sided with a user claiming Jewish communities had incited “dialectical hatred against whites.” In 2024, many quietly resumed campaigns but on a much tighter budget. This week, NBC News contacted 31 advertisers that have run campaigns on X in recent years. The list included Temu, Robinhood, Shein, Dell, Waymo, Samsung, the NFL, Amazon, Microsoft, the NBA, and Apple. Almost all of them either did not answer or said they would not comment on any potential pause in their ad buys. DraftKings, identified as one of X’s top advertisers in early 2025, is said to be reviewing the situation internally, according to an insider. Amazon once again declined to elaborate on its strategy. Red Deer Games, another formerly significant spender, confirmed it has paused all ads on the platform, though it did not specify the timing or any specific reason. Analysts note that ad spending on X remains substantially lower than the levels seen before Musk’s late-2022 takeover. Grok’s content traced to X’s toxic feed Brett House, senior vice president at a firm that tracks digital ad metrics, warned, “Brands that already left or cut back are not coming back.” He added, “It’s more effective to put money into places like TikTok.” X has now seen 18 straight months of year-over-year ad revenue declines. “You’re not going to return unless you see real change inside the company,” he noted. By Wednesday, Musk said Grok’s antisemitic remarks were “being addressed,” and in the following period, the chatbot refrained from further overt hate. X representatives did not offer additional details. Grok operates as an LLM akin to ChatGPT, sourcing part of its training from user posts on X, which often include hateful or white supremacist content. Grok is a large language model, similar to ChatGPT, that draws partly on posts made by X users, including hateful and white-supremacist content. Its antisemitic turn came just days after Musk, frustrated with Grok’s habit of correcting false right-wing claims, announced he planned an overhaul of the AI. Even amid the backlash, Musk forged ahead with his AI roadmap. He unveiled Grok 4 on Wednesday night, introducing a premium “SuperGrok Heavy” tier at $300 per month. By Thursday, he declared the assistant would be integrated into Tesla vehicles “next week at the latest.” Musk has also taken a combative stance toward advertisers threatening to leave. Last year, X filed lawsuits against several brands that suspended campaigns after his acquisition. In 2025, those legal actions broadened to include more firms, and the Federal Trade Commission has begun querying companies about their boycotts, per The Wall Street Journal. At the 2023 DealBook summit, Musk pushed back against the advertisers publicly. “If somebody’s going to try to blackmail me with advertising? Blackmail me with money? Go f*** yourself. Go. F*** Yourself. Is that clear?” X’s advertising future in doubt after CEO resigns He even singled out Disney’s Bob Iger by name, though he later clarified his remarks were not aimed at the ad sector as a whole. Yaccarino’s exit also puts ad deals at risk. Known for winning back former clients, she wouldn’t say if Grok’s antisemitic post affected her decision. An insider told NBC News she had been planning to resign for over a week. LouPaskalis, chief strategy officer at Ad Fontes Media, said Yaccarino helped prevent a bigger loss of sponsors, but he doubts the platform will win back major ad budgets. “Linda did more to restore brands than almost anyone could have,” he said. “But if Elon’s camp thinks she failed because spending didn’t get back to pre-Musk levels, that’s just naive. Now, advertisers will slowly pull away. Nobody wants to risk being named in a lawsuit.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Sharplink Gaming has purchased 10,000 ETH directly from the Ethereum Foundation in a $25.7 million deal, making it the largest publicly traded company to adopt Ethereum as its primary treasury asset. The transaction was executed on July 10, 2025, at an average price of $2,572.37 per ETH. According to a statement, the deal was settled on-chain via the Ethereum Foundation’s multisig wallet. NEW: SharpLink has acquired 10,000 $ETH directly from the Ethereum Foundation The purchase closed at ~$25.7M, with $ETH acquired at an average price of ~$2,572 Ethereum is entering a new era of institutional relevance, and we’re proud to support its long-term strength and… pic.twitter.com/ow1e2PXQ1W — SBET (SharpLink Gaming) (@SharpLinkGaming) July 11, 2025 The transaction reflects a growing trend of institutions moving directly into Ethereum rather than through open markets or OTC desks. Ethereum Foundation’s ETH Sale Sparks Debate, But Focus Stays on Ecosystem Growth The Ethereum Foundation confirmed its latest ETH sale, noting that proceeds from the transaction would be used to support its core operations. These include ongoing protocol research, community grants, and the development of infrastructure critical to the Ethereum ecosystem. The Foundation, which has its headquarters in Zug, Switzerland, plays a central role in guiding and supporting Ethereum’s development. Its sales of ETH are relatively infrequent and typically aimed at raising funds for continued network improvements. 0/ Earlier this week, the EF finalized the terms of a 10,000 ETH sale at an average price of $2,572.37 via OTC. For this sale, our OTC counterparty was @SharpLinkGaming . — Ethereum Foundation (@ethereumfndn) July 11, 2025 Sharplink’s direct purchase of ETH from the Foundation—rather than through traditional exchanges or OTC desks—represents a rare and strategic move. The transaction indicates the company’s alignment with Ethereum’s long-term goals and its support for the network through staking and restaking commitments. Joseph Lubin, Chairman of Sharplink and also a co-founder of Ethereum and CEO of Consensys, described the decision as more than a financial transaction. “At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission,” Lubin said. “Sharplink is acquiring, staking, and restaking ETH as responsible industry stewards.” According to Lubin, this marks the beginning of a broader model where mission-aligned organizations directly invest in and support the networks they depend on. The move is intended to reduce circulating supply and help reinforce Ethereum’s security and stability. Earlier today, blockchain data revealed that a suspected Ethereum Foundation address, 0xd779, sold 100 ETH via CoW Protocol. The ETH was first moved from a Gnosis Safe and swapped for 336,475 DAI, which was then transferred to a known Foundation address, 0x9eE4. While the Foundation’s sales are generally operational in nature, their timing and frequency have drawn increased scrutiny. THE ETHEREUM FOUNDATION IS SELLING BUT SHARPLINK GAMING IS BUYING $ETH pic.twitter.com/2PtPN6LGXZ — Arkham (@arkham) July 11, 2025 Throughout 2024, the Foundation has faced criticism from both Ethereum supporters and broader crypto market participants over its periodic ETH sales, especially during periods of underperformance relative to Bitcoin and Solana. Despite the criticisms, on-chain data shows the Foundation still holds approximately 269,000 ETH, valued at just over $900 million. The Foundation has maintained transparency around its treasury management. While some interpret these sales as market-negative, the stated purpose remains ecosystem-focused, aimed at sustaining long-term development and community funding. Ethereum Rally Gains Momentum as Institutional Flows and Supply Shock Fuel $10K Price Target Ethereum’s broader market narrative is quickly aligning with a potential surge in ETH price, with analysts and investors pointing toward $10,000 as a realistic target. Ethereum surged past $3,000 for the first time in five months this week, rising more than 15% in just three days. The move comes as Bitcoin’s record-breaking rally past $118,000 lifts sentiment across the crypto market. Source : Cryptonews But Ethereum isn’t just riding Bitcoin’s coattails; it’s seeing its own wave of momentum fueled by a unique combination of technical strength, institutional inflows, and on-chain dynamics. US spot Ethereum ETFs have recorded five straight days of net inflows, totaling over $623 million. BlackRock’s iShares ETH ETF alone drew $300.9 million on Thursday, setting a new single-day record. #Ethereum Spot ETF flows have remained positive for the 8th consecutive week, with net inflows topping 61,000 $ETH pic.twitter.com/aTANkr4RCy — glassnode (@glassnode) July 7, 2025 Bloomberg analyst Eric Balchunas noted that this was 4x the ETF’s usual volume, calling it a signal of heavy institutional interest. Beyond Wall Street, Ethereum’s fundamentals continue to strengthen. On-chain data shows ETH balances on exchanges are at their lowest in eight years, now sitting at just 13.5%. That’s a signal of a looming “supply shock,” as whales accumulate and withdraw ETH into long-term holdings. Source: Glassnode Wallets holding over 100,000 ETH have added more than 700,000 ETH since late May, reaching a collective total of 18.8 million. This accumulation aligns with increasing investor confidence, as traders are already calling for new highs. One prominent account predicted a breakout past $4,000 this summer, with a potential new all-time high around $5,700. The path to $10,000, he believes, could follow after a short correction post-summer. The $ETH summer roadmap is set: We are headed back to $4k in short order. Maybe pause around that level, and then we go for a new ATH which has measured target around $5.7k. After summer ends, pause for a typical September correction, and then resume the send to $10k. pic.twitter.com/uI4eGluG05 — Chris (@StonkChris) July 10, 2025 Another analyst simply stated, “$ETH IS GOING TO $10,000. And there’s nothing you can do about it.” They called Bitcoin a bubble at $8K. Now they say $ETH is “boring” at $2.4K. Same disbelief. Same setup. Ethereum to $10K+ is inevitable. pic.twitter.com/qedFntgTwH — Merlijn The Trader (@MerlijnTrader) June 25, 2025 Technicals support the sentiment. Ethereum has broken above its 200-day and 200-week EMAs, a historically bullish signal. Weekly RSI remains far from overbought, and trend analysts suggest we are entering “Wave 3” of a five-wave cycle, with targets of $4,000–$5,000 in the near term and $10,000 within reach by early 2026. Whether $10,000 arrives this year or next, the conviction behind ETH’s trajectory is growing stronger. The post Nasdaq-Listed Company Sharplink Bets $25 Million on Ethereum – ETH Price to $10,000 Soon? appeared first on Cryptonews .
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SharpLink Gaming has emerged as the second-largest Ethereum treasury firm after acquiring $30 million worth of Ethereum from the Ethereum Foundation, signaling a strategic shift in crypto asset management. This
In the dynamic world of global finance, events far from the cryptocurrency sphere often send powerful ripples through the market. For those tracking digital assets, understanding these macroeconomic shifts is crucial. Recently, the landscape has been dominated by significant movements in the traditional currency markets, particularly the US Dollar, which has seen remarkable US Dollar strength . This surge is largely attributed to the looming shadow of new trade policies, specifically former President Trump’s proposed tariffs, while the British Pound faces headwinds from disappointing economic data. How do these shifts in the Forex market impact the broader financial ecosystem, and what does it mean for your investment outlook? US Dollar Strength – A Resilient Ascent Driven by Trade Policy? The recent rally in the US Dollar strength has been a central talking point among economists and investors alike. A primary catalyst for this upward trajectory is the renewed discussion around former President Trump’s potential reintroduction of tariffs. Tariffs, essentially taxes on imported goods, are designed to make foreign products more expensive, thereby encouraging domestic production and consumption. But how do they bolster a currency? Safe Haven Appeal: In times of global uncertainty sparked by trade disputes, the US Dollar often acts as a safe-haven asset. Investors flock to perceived stability, increasing demand for the dollar. Repatriation of Capital: Tariffs can incentivize American companies to bring production back home, leading to the repatriation of foreign earnings. This conversion of foreign currencies back into dollars boosts demand. Inflationary Pressure: Tariffs can lead to higher domestic prices as import costs rise. While not always positive, a controlled level of inflation can sometimes be seen by central banks as a signal for potential interest rate hikes, making the currency more attractive. Trade Balance Expectations: The expectation that tariffs will reduce imports and boost exports can lead to a stronger trade balance, which is generally supportive of a currency. This dynamic illustrates a complex interplay where political rhetoric directly translates into tangible market movements, affecting not just trade flows but also currency valuations on a global scale. Sterling Weakness – Navigating the Murky Waters of Economic Data While the US Dollar soared, the British Pound experienced considerable Sterling weakness , largely due to disappointing economic growth data. Recent reports painted a somber picture of the UK economy, with key indicators falling short of expectations. GDP Contraction: Preliminary Gross Domestic Product (GDP) figures showed a contraction, signaling a struggling economy potentially on the brink of recession or already in one. This immediately dampens investor confidence. Manufacturing Output Decline: Data revealed a significant decline in manufacturing output, reflecting reduced industrial activity and demand. Service Sector Slowdown: The dominant service sector, a crucial pillar of the UK economy, also showed signs of cooling, further exacerbating growth concerns. Wage Growth and Inflation: While inflation has been a persistent challenge, signs of weakening wage growth alongside persistent high prices create a challenging environment for consumers, further impacting economic activity. Such weak economic data puts immense pressure on the Bank of England (BoE) regarding its monetary policy. With growth faltering, the likelihood of aggressive interest rate hikes diminishes, making the Pound less attractive to yield-seeking investors. The lingering effects of Brexit, though not directly cited in the latest data, also continue to cast a long shadow, contributing to structural challenges for the UK economy. Trump Tariffs – What are the Broader Implications for the Global Economy? The discussion around Trump Tariffs extends far beyond just currency valuations; it touches the very fabric of the global economy . If implemented, these tariffs could trigger a cascade of effects, reshaping international trade relations and supply chains. Supply Chain Disruptions: Companies reliant on global supply chains would face increased costs and uncertainty, potentially leading to diversification efforts or reshoring production, which can be costly and time-consuming. Inflationary Pressures: Higher import costs are often passed on to consumers, leading to increased inflation in countries imposing tariffs. This can erode purchasing power and impact consumer spending. Retaliatory Measures: The most significant risk is the potential for retaliatory tariffs from other nations. This tit-for-tat approach can escalate into full-blown trade wars, stifling global trade and investment. Reduced Global Growth: A widespread trade war would inevitably lead to a slowdown in global economic growth, impacting all nations through reduced demand and increased trade barriers. Impact on Emerging Markets: Developing economies, often highly dependent on international trade and foreign investment, could be particularly vulnerable to the negative fallout from trade tensions. The prospect of such widespread disruption creates a climate of uncertainty, prompting businesses and investors to re-evaluate their strategies and risk exposures. The ripple effect can be felt in commodity markets, equity markets, and certainly, the Forex market. Navigating the Volatile Forex Market – Opportunities and Challenges For investors, traders, and even those in the cryptocurrency space, understanding the dynamics of the Forex market is paramount. The current environment, characterized by shifting trade policies and divergent economic data, presents both significant challenges and potential opportunities. For Forex Traders: Volatility, while risky, also creates opportunities for short-term gains. Understanding key economic indicators, central bank policies, and geopolitical developments becomes even more critical. Risk management strategies, such as setting stop-losses and managing position sizes, are essential. For Investors (Long-Term): Long-term investors need to consider how currency fluctuations impact the value of their international assets and liabilities. A stronger dollar can make US-based investments more attractive for foreign investors but can erode returns for US investors holding foreign assets. Impact on Cryptocurrencies: While crypto markets often operate with their own unique drivers, they are not entirely immune to traditional market forces. A stronger US Dollar, especially driven by a flight to safety, can sometimes divert capital away from riskier assets like cryptocurrencies in the short term. Conversely, if trade tensions escalate and lead to broader economic instability, some might view cryptocurrencies as an alternative store of value, though this is a more complex dynamic. Staying informed about macro-economic trends and their potential influence on the global economy is key to making informed decisions in any financial market. Diversification across different asset classes and geographies can also help mitigate risks associated with currency volatility. The recent strengthening of the US Dollar, fueled by the specter of new Trump Tariffs , stands in stark contrast to the pronounced Sterling weakness , which is grappling with disappointing growth figures. These contrasting narratives underscore the complex and interconnected nature of the global economy and the sensitivity of the Forex market to political shifts and economic realities. As we move forward, the interplay between trade policy, economic performance, and central bank responses will continue to dictate currency movements. For participants in all financial markets, including the burgeoning crypto space, vigilance and a deep understanding of these macro forces will be crucial for navigating the evolving landscape and seizing opportunities amidst the challenges. To learn more about the latest Forex market trends, explore our article on key developments shaping global currencies and trade policies.
Bitcoin's pullback below $117,000 could trigger accelerated selling and panic. DonAlt anticipates XRP's price peak at $6.9, with ongoing upward momentum. Continue Reading: Experts Explain XRP’s Path to New Highs and the Real Cause of Bitcoin’s Rally The post Experts Explain XRP’s Path to New Highs and the Real Cause of Bitcoin’s Rally appeared first on COINTURK NEWS .