Posts

Addentax Boosts Bitcoin Purchase to $1.3B for 12K BTC

Image
Addentax‘s Bitcoin purchase has reached $1.3 billion as the Chinese textile manufacturer enters a non-binding term sheet to acquire up to 12,000 Bitcoin. This represents a 50% increase from the company’s original 8,000 BTC target announced in May 2025, and also marks one of the largest corporate Bitcoin institutional investment moves in recent months. LATEST: China’s textile company Addentax Group enters a $1.3 billion term sheet to acquire up to 12,000 $BTC, increasing from their originally discussed 8,000 $BTC. pic.twitter.com/LSLFONqGAw — Cointelegraph (@Cointelegraph) July 3, 2025 Also Read: BlackRock’s Bitcoin ETF Brings More Revenue than S&P 500 Fund Addentax Bitcoin Purchase Sparks Institutional Interest Amid Market Volatility Risks Source: addentax.com The Addentax Bitcoin purchase demonstrates how traditional companies are, right now, embracing cryptocurrency as a strategic asset. Addentax Group Corp. (NASDAQ: ATXG) has structured this Bitcoin acquisition deal...

Tornado Cash founder nears $2M legal fund goal ahead of trial

Image
Tornado Cash founder Roman Storm has already raised 88% of his $2 million legal defence fund before a US case against him goes to trial on July 14.  Storm’s most recent call for legal backing was launched on May 30. It raised $722,000 by June 25, and has since raised a total of $1,753,000, leaving it just $247,000 away from its $2 million goal.  The appeal raised almost 52% of the funds in the week following June 25. The Ethereum Foundation also promised to match $750,000 of the funding and appears to have contributed to the overall legal fund.   Read more: Cork hacker sends ETH to Tornado Cash, donates to Roman Storm’s fund Storm’s fundraising efforts haven’t been without hiccups, however, with one $24,000 donation coming from the Cork Protocol hacker. They donated the sum after moving $3.4 million of stolen funds into Storm’s mixer.  Storm quickly announced that he couldn’t accept the donation and that he’d return it to Cork Protocol. He also...

Will Bitcoin crash below $100k as network activity nosedives 45%?

Image
As Bitcoin (BTC) consolidates around the $107,000 mark, on-chain data is showing signs of fatigue, suggesting a potential price move may be imminent. Specifically, the number of large Bitcoin transactions exceeding $100,000 has decreased by 45.3% over the past month. The transactions peaked at around 30,840 on May 22 but fell to just 16,860 by June 29, according to data from the crypto analytics platform IntoTheBlock . Bitcoin whale transaction data. Source: IntoTheBlock The steep decline often signals reduced activity from whales and institutions. This drop indicates potential weakening confidence and thinning liquidity, which increases the risk of Bitcoin slipping below the key $100,000 support level. If large-scale buying continues to wane, the market could face deeper volatility unless new demand emerges. Capital inflow into crypto plunges $20 billion  At the same time, broader cryptocurrency market trends echo this caution. Capital inflows into cr...

Goldman's Ripple Leak Shocks Coinbase, Wood Reacts

Image
Goldman Sachs’s Ripple leak has emerged as a major development in cryptocurrency markets right now, with leaked documents revealing the investment banking giant’s involvement as a Ripple co-investor. The Goldman Sachs Ripple leak has triggered immediate responses from Coinbase and also investor Cathie Wood, highlighting growing institutional interest in digital assets. Bitcoin hodlrs probably have a large percent of their net worth in crypto and therefore have not been able to qualify for a mortgage. I wouldn’t be surprised if they were to shift some of their bitcoin to Coinbase to serve as collateral for a once unattainable new home. https://t.co/C36B7yT14f — Cathie Wood (@CathieDWood) June 29, 2025 Also Read: Here’s When Ripple (XRP) May Hit $15, $18 & Then $50 Goldman Sachs Ripple Leak Spurs Coinbase Moves, Cathie Wood Insight Source: Watcher.Guru Coinbase Strategic Response to Goldman Sachs Ripple Leak The Goldman Sachs Ripple leak has prompted Coinbase to hire a new pr...

Ethereum Sees $269M In Net Inflows In 24H – Bullish Momentum Accelerates

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Fall Of Solana In The NFT Market – What Went Wrong?

Image
The global non-fungible token market has undergone significant changes, shifting from a period of rapid growth and high trading sales volume to a more constant landscape. Even though some NFT collections have maintained relevance and value, many other NFTs have experienced price declines and reduced interest. In this article, we will evaluate in detail the rise of Solana-based NFTs and their sudden fall in recent months. Solana Drops To The 7th Spot In The NFT Market Chart Data compiled by CryptoSlam, one of the leading on-chain crypto market data aggregators and non-fungible token market explorers, shows that Solana, an open-source blockchain network that supports smart contracts, such as non-fungible tokens and a variety of decentralised applications, has plunged in terms of trading sales volume again this month. In the past 30 days, the Solana-based NFT collections have amassed trading sales volume of $30 million. During this time, the Solana NFT sales volume has plunged by 23% fr...

Ethereum Price Prediction: What Price Spot Is ETH Targeting Currently?

Image
Ethereum is one of the major cryptocurrency coins, the second-largest asset after Bitcoin, currently available in the market. It’s been a while since ETH has noted a spike in its price, as it continues to deliver a sluggish yet calculated price pace. Is Ethereum poised to hit new price levels soon? Here’s what we know so far. Also Read: Ethereum Set to Reverse 13% Drop? Why ETH is Up Today Ethereum Price Prediction: What’s Happening Source: Watcher.Guru Ethereum is currently sitting at $2448, down 1.57% in the last 24 hours. The token is down 2% in the last week and has plummeted 7% in the last month. June was a tumultuous month for the entire cryptocurrency market in general, as rising geopolitical tensions battered the industry hard, making it difficult for coins to reach new highs. Now that the war uncertainties have lessened, the market is on a path to recovery, with ETH looking forward to embracing new price points. According to a notable finance expert, Michäel V...

De-Dollarization by ASEAN: Two Ways It Damages the US Economy

Image
De-dollarization is a new phenomenon that has been compelling nations lately to explore beyond the US dollar. As the US dollar decays, battered heavily with fierce Trump policies and agendas, major nations and alliances, including ASEAN, have now started to explore alternatives that help them stabilize their economy. In one such instance, ASEAN has now decided to deploy the route of diplomacy to embrace China over the US, as uncertainties spurred by US tariffs continue to loom on top of their heads. This news is, however, a damaging development for the US economy, as ASEAN trade with the US involves $3.8 trillion worth of exchange of money and services. Also Read: De-Dollarization: Bank of America Reveals Why ASEAN Is Ditching USD Two Ways ASEAN’s De-Dollarization Move Could Injure the US Economy 1. Reduced USD Demand Source: Watcher.Guru The ASEAN bloc has long been discussing ditching the US dollar. The plan was already in motion, as the block had discussed multiple times, to target ...

Moscow Exchange Bitcoin Futures Hit 7B Rubles

Image
Moscow Exchange Bitcoin futures have surged to nearly 7 billion rubles in total trading volume since launch, and this marks a significant milestone for crypto futures in Russia right now. The exchange’s Bitcoin index trading platform currently serves over 10,000 qualified investors, with Russian crypto regulation enabling structured cryptocurrency exposure through the Moscow exchange crypto derivatives market at the time of writing. Bank of Russia crypto regulation announcement – Source: CBR.ru Also Read: Russia Approves Crypto Derivatives for Wealthy Investors Moscow Exchange Crypto Futures Surge Amid Index Launch, New Rules Source: Bloomberg The Moscow Exchange Bitcoin futures contracts, which were launched on June 4, also generated 420 million rubles on their first trading day alone. Managing Director Vladimir Krekoten had this to say: “Since then, the trading volume has amounted to a total of almost 7 billion rubles. Over 10,000 qualified investors have made transa...

Here’s When the ‘Real Altseason’ Will Begin, According to Closely Followed Crypto Analyst

Image
A closely followed crypto analyst says that once a key Bitcoin (BTC) metric reverses, altcoins may print explosive rallies. Crypto trader Rekt Capital tells his 549,600 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may enter a downward phase after hitting a historic peak level, setting the stage for alts to outperform the flagship crypto asset. “BTC dominance: if history repeats, the real altseason everybody is waiting for would begin once Bitcoin dominance rejects from 71% (red).” Source: Rekt Capital/X BTC.D is a metric that calculates how much of the crypto market cap belongs to Bitcoin. A bearish BTC.D chart indicates that altcoins are printing gains faster than BTC. The analyst also says BTC.D may not hit exactly 71% before reversing, but somewhere within that area. “There really is no point in arguing about whether BTC.D will ultimately top out at 71% or at 69% or at 67%. The majority of the Bitcoin do...

Karate Combat & STEPN Join To Launch A Raffle NFT Mint

StepN Go, a renowned move-to-earn lifestyle mobile application, has partnered with Karate Combat, the first fan-governed striking league in the real world, to launch a non-fungible token-based sneaker collection. The highly anticipated NFT sneaker collection will be launched on the Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications. Karate Combat Taps StepN For An NFT Mint In a June 23 blog post, StepN Go and Karate Combat confirmed a partnership to launch a non-fungible token sneaker collection. The highly anticipated NFT sneaker collection will go live on June 25, 2025, and run until June 20, 2025, as a raffle mint on MOOAR. MOOAR is a member-only NFT marketplace and launchpad built on the Solana and Ethereum blockchains. It focuses on providing a platform for users to create, buy, and sell unique NFTs, with a strong emphasis on community and rewarding active participants. 🚨 IN THI...

OKX US IPO Eyes Growth as Crypto Stocks Rally

Image
OKX US IPO plans are now advancing as the cryptocurrency exchange explores going public in the United States, and this move is capitalizing on a significant crypto stock rally that’s boosting OKX valuation 2025 expectations right now. The move represents a strategic crypto exchange expansion following the platform’s successful US relaunch in April, and it comes amid evolving US crypto regulation frameworks. OKX, one of the top three global crypto exchanges, will consider an IPO in the U.S., after relaunching in the U.S. in April. From IPOs to crypto treasury stocks, crypto is booming right now, but the rally is playing out in the stock market, at valuations that even surprised… — Yueqi Yang (@Yueqi_Yang) June 22, 2025 Also Read: OKX Europe Expansion With MiCA License: Free Euro Transactions & 300+ Trading Pairs OKX US IPO Targets Growth Amid Crypto Stock Rally and Regulation OKX US IPO – Source: Invezz.com The OKX US IPO consideration comes at an optimal time as crypto...