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Month: July 2025
Crypto Market in Reassessment, Bounce Likely Ahead
Key Notes Bitcoin ETF inflows fell 80% last week amid post-ATH cooldown. Glassnode notes that the derivatives market is still elevated, showing leveraged optimism. On-chain metrics still show 96.9% of the BTC supply in profit. Glassnode’s latest weekly report suggests that Bitcoin BTC $118 439 24h volatility: 0.3% Market cap: $2.36 T Vol. 24h: $41.29 B rally has entered a “reassessment phase” after briefly touching its all-time high on July 14. The pullback led to a general cooldown across markets, but several indicators suggest the possibility of a price bounce…
Analyst Forecasts Major Surge For Ethereum Price, Eyeing $4,000 In Its Best July Yet
With the Ethereum price experiencing a decline on Monday amid a broader market correction, the altcoin continues to shine with one of its best performances in July to date. Over the past thirty days, the Ethereum price has surged by an impressive 80%, marking a significant recovery after a long period of consolidation and retest of lower levels that saw minimal bullish activity. Ethereum Price Poised For Breakout While other major digital assets like Bitcoin (BTC) and XRP have reported gains of 10% and 40%, respectively on the monthly time…
Top Bitcoin ASIC Maker Bitmain Plans US Production in 2025
The world’s top Bitcoin mining application-specific integrated circuit (ASIC) manufacturer, Bitmain, is reportedly on the verge of opening its first US-based manufacturing plant. According to a Tuesday Bloomberg report, Bitmain plans to open its first US-based ASIC manufacturing facility in the coming months. The company also reportedly plans to open a new headquarters in Texas or Florida by the end of the third quarter of 2025. Irene Gao, Bitmain’s global business chief, told Bloomberg that chip production is expected to begin in early 2026, with full-scale manufacturing anticipated by the…
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UAE Lender RAKBANK Offers Retail Customers Crypto With Bitpanda
RAKBANK, one of the oldest lenders in the United Arab Emirates (UAE), is allowing retail customers access to cryptocurrencies through a partnership with Vienna-based crypto exchange Bitpanda, the companies said on Tuesday. Users can now access Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Ripple (XRP) via RAKBANK’s mobile banking app, with plan to expand to more coins in the offer in the coming months, a spokesman said via email. The service includes buying, selling and swapping crypto assets using dirhams (AED), sidestepping the typical foreign exchange charges tied to trading…
Cardano Price Slides 5%, Is ADA Rally to $1.5 Still on Track?
Key Notes Cardano (ADA) has seen its price slip to $0.79, corresponding to a 5.16% drop within 24 hours. Instead of fundamental news, technical factors are believed to be responsible for this recent decline. The next 24-48 hours will determine whether the ADA price pullback will extend toward stronger support levels or not. In the early hours of July 29, Cardano ADA $0.80 24h volatility: 4.4% Market cap: $28.90 B Vol. 24h: $1.44 B saw its price drop to $0.79, corresponding to a 5.16% decline within 24 hours. Some…
Bubblemaps Flags ‘Rugproof’ Launchpad for Alleged Rug Pull
Blockchain analytics platform Bubblemaps raised concerns about Rugproof, a self-described Solana-based launchpad that claims to protect investors from rug pulls. Ironically, Bubblemaps alleged that the project may be orchestrating the type of exploit it claims to prevent. On Monday, the analytics platform shared information about the project, saying someone had built an allegedly “Rugproof Launchpad” just to “rug” users. Rugproof claimed on its website that it lets anyone create tokens with “zero-risk early investment, anti-dump mechanics and built-in rewards for loyal holders.” It also claimed to perform token buybacks and…
Bitmain to Build US Factory to Bypass Trump-Era Tariffs
Key Notes Bitmain is planning to open a factory in the US by the end of September. The Chinese firm is expected to hire 250 local employees. Bitmain, Canaan, and MicroBT still control over 90% of global bitcoin mining hardware. . Bitmain, the leading Bitcoin BTC $118 782 24h volatility: 0.1% Market cap: $2.36 T Vol. 24h: $40.62 B miner manufacturer based in China, revealed its plans for entering the United States. The Chinese firm plans to launch its headquarters and assembly by the end of Q3 this year, according…
Ray Dalio Backs Bitcoin as Institutional Demand Grows
Key Notes Ray Dalio cites growing fiscal risks, including a projected $12 trillion in new US Treasury issuance, as a key reason to buy BTC. Dalio, while still preferring gold over Bitcoin, acknowledged BTC’s role as a hedge against fiat devaluation. Despite Bitcoin pulling back to $117K, institutional accumulation continues at every dip, as per on-chain data. Bitcoin institutional demand continues to remain despite the Bitcoin BTC $118 317 24h volatility: 0.4% Market cap: $2.35 T Vol. 24h: $41.40 B price pullback to $117K recently, with billionaires like Ray Dalio…