Monat: Juli 2025

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Cronos (CRO) up 18% after inclusion in Truth Social’s Crypto Blue-Chip ETF

Key takeaways

  • Altcoins have performed excellently over the last 24 hours, with Ether, XRP, and Aave leading the way.
  • Cronos’s CRO token is the best performer in the top 50, up 18% and eyeing the $0.1099 resistance level

Cronos rallies on Truth Social’s Crypto Blue-Chip ETF

Altcoins have had a positive 24 hours, with Ether, Solana, XRP, and Cardano all adding 3% to their values. Aave and Cronos (CRO) are other coins that have performed excellently, backed by strong fundamentals.

CRO, the native coin of the Cronos blockchain, is the best performer among the top 50 cryptocurrencies by market cap. The coin added 18% to its value in the last 24 hours to hit a high of $0.1000 before retracing to now trade at $0.0970. 

The rally was fueled by reports that confirm that CRO will be part of the Crypto Blue-Chip ETF that Truth Social filed with the SEC. The fund was proposed by Truth Social in partnership with Trump Media & Technology Group.

The ETF is set to bring together top cryptocurrencies into a single financial product to be listed on NYSE Arca. Its distribution was set at 70% for Bitcoin, 15% for Ethereum, 8% for Solana, 5% for Cronos, and 2% for XRP. This announcement sparked a rally for CRO. 

CRO is the native coin of Cronos, the blockchain created by cryptocurrency exchange Crypto.com.

CRO eyes the $0.1099 resistance level amid bullish indicators

The CRO/USD 4-hour chart is bullish and efficient, indicating that traders have swept liquidity to the downside and are ready for another leg up. The technical indicators are bullish, suggesting that CRO could rally higher.

The RSI of 77 shows that CRO is currently heading into the overbought region after adding 18% to its value in the last 24 hours. The red and blue MACD lines have also crossed into the positive zone, suggesting buying pressure.

CRO/USD 4H chart

With the bulls still in control, CRO could rally to the next resistance level at $0.1099 over the coming hours or days. It has already established a weak support level at $0.0919 after gaining efficiency a few hours ago.

If the rally continues, CRO could test the next major resistance level at $0.1202, its highest level since March. 

However, if the bears regain control, CRO could lose its recent gains and test the $0.0793 support level. The TLQ at $0.0691 should provide strong support in case the bearish trend lingers on.

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Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

Bitcoin continues to trade in a narrow range as the Asian trading day begins on Wednesday, with the world’s largest digital asset changing hands above $108,900.

This period of consolidation comes as market observers point to a lack of strong conviction, even as a new filing reveals plans from Trump Media & Technology Group to launch a diversified ‘Crypto Blue Chip ETF’.

Bitcoin is holding its ground, and the CoinDesk 20 index, a broad measure of the largest digital assets, is up 1.7% to over 3,100, according to CoinDesk market data.

However, the current price action feels more like a drift than a decisive rally.

According to market observers, what separates Bitcoin’s current position from a sustained push past the $110,000 mark is a lack of clear market conviction.

In a recent report, on-chain analytics firm Glassnode highlighted several indicators of this hesitancy.

Spot trading volumes for Bitcoin continue to linger below their usual statistical bands, and inflows into spot Bitcoin ETFs have contracted sharply from their recent highs.

Furthermore, institutional investors appear cautious, despite sitting on significant unrealized gains, as shown by elevated ETF Market Value to Realized Value (MVRV) ratios.

Trading firm Wintermute, in a market update from earlier this week, described this environment as a “barbell market.”

They pointed to a stark divide between renewed enthusiasm in high-beta, high-risk assets like memecoins, and a preference for the stability of established large-cap tokens like Bitcoin and Ethereum.

Notably, last year’s “narrative darlings,” such as AI and DePIN (Decentralized Physical Infrastructure Networks) tokens, have lost investor attention.

This suggests that traders are either rotating into the speculative frenzy of memecoins—many of the major ones like DOGE, SHIB, and PEPE are up over 8% in the last week—or they are staying put in the perceived safety of BTC and ETH, which are seen as battle-tested and secure.

With global equity markets largely shrugging off recent geopolitical uncertainties, Bitcoin’s current hesitancy underscores a lingering caution among crypto traders.

The market seems to be awaiting a clearer directional signal before making a decisive move higher, and things are likely to remain range-bound until that catalyst appears.

Trump Media’s crypto gambit: the ‘Blue Chip ETF’

Adding a new dimension to the crypto investment landscape, Trump Media & Technology Group (DJT) has revealed plans to launch another exchange-traded fund (ETF), this one designed to hold more than just Bitcoin and Ether.

The Truth Social parent company, founded by President Donald Trump, filed on Tuesday to create the “Truth Social Crypto Blue Chip ETF.”

According to the filing, the proposed fund would be composed of 70% Bitcoin and 15% Ether, complemented by an 8% allocation to Solana, 5% to Cronos, and 2% to XRP.

The filing stated that the proposed fund would trade on the New York Stock Exchange’s Arca platform, a popular venue for ETFs.

This news follows a move by Trump Media last month to file for two other ETFs: one that would invest 75% of its assets in Bitcoin and the remainder in Ether, and another that would be comprised solely of Bitcoin.

In all three instances, Trump Media has indicated that the launches would happen “later this year.” Back in March, Crypto.com announced that it would partner with Trump Media to offer these ETFs.

This series of filings underscores Trump Media’s deepening commitment to the digital asset space, following its announcement in May of a plan to raise $2.5 billion to purchase Bitcoin for its corporate treasury.

As of the latest market data, Bitcoin was trading just below $109,000, while Ether was changing hands above $2,600.

The other components of the proposed ETF, Solana, Cronos, and XRP, were trading at about $151, 10 cents, and $2.30, respectively.

Shares of Trump Media (DJT) rose close to 3% on Tuesday following the filing, though they remain down more than 40% for the year 2025.

The post Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF appeared first on CoinJournal.

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DigitalX taps global crypto leaders in A$20M Bitcoin Treasury push

  • DigitalX secures A$20.7M in strategic funding to expand its Bitcoin treasury.

  • Majority of funds (A$19.7M) allocated to direct Bitcoin purchases.

  • High-profile investors include Animoca Brands, ParaFi Capital, and Metaplanet’s CEO.

Australian digital asset manager DigitalX has raised A$20.7 million (US$13.5 million) in a fresh round of strategic funding, deepening its commitment to a “Bitcoin-first” approach.

The ASX-listed firm plans to use the funds to grow its Bitcoin treasury, with backing from heavyweight crypto investors like Animoca Brands, UTXO Management, and ParaFi Capital.

DigitalX says it plans to allocate about AU$19.7 million (US$12.8 million) from its recent raise toward boosting its Bitcoin holdings, with the rest going toward offer expenses and general operations.

In addition to the capital raise, DigitalX has bolstered its strategic advisory board with the appointments of Yat Siu, co-founder of Animoca Brands, and Hervé Larren, CEO of Airvey.io.

Both bring deep experience in crypto and digital assets, and their involvement is expected to offer valuable insight into Bitcoin strategy and investor relations.

The move further cements DigitalX’s position as a key player in driving institutional crypto adoption in Australia.

Bitcoin-first Treasury approach

DigitalX’s latest move aligns with the playbooks of global Bitcoin champions like MicroStrategy and Japan’s Metaplanet, both known for aggressively stacking Bitcoin.

Since debuting on the ASX in 2014 as a Bitcoin miner, DigitalX has kept Bitcoin as a core asset on its balance sheet.

Right now, it holds 65 BTC directly, along with 881,000 units of its own Bitcoin ETF (BTXX), which translates to roughly 193 BTC.

Altogether, that adds up to a Bitcoin position worth around US$43.3 million.

The placement, priced at A$0.074 (US$0.048) per share and bundled with attached warrants, drew strong interest from both institutional and strategic investors.

Notably, Simon Gerovich, the CEO of Tokyo-listed Metaplanet took part in the round personally.

The support from prominent global crypto players highlights rising institutional confidence in Bitcoin as a long-term store of value and points to a broader shift toward regulated, transparent ways to gain exposure to digital assets.

Credibility boost

Interim CEO Demetrios Christou called the investment a “significant milestone,” noting that both the capital and the backing from globally respected Bitcoin advocates will help DigitalX stay focused on its strategy and create long-term value for shareholders.

Meanwhile, Yat Siu described Bitcoin as “the reserve asset of Web3 digital gold,” and pointed to DigitalX as one of the best ways for Australian investors to gain exposure to it.

With this latest funding round, DigitalX isn’t just adding to its Bitcoin holdings, it’s also reinforcing its role as a regulated, ASX-listed bridge for both institutional and retail investors looking to tap into the Bitcoin space.

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Solana price jumps 45% as network activity soars: can SOL breach $160?

  • Solana’s network activity hit a record 15.39 million addresses.
  • SEC fast-tracks SOL ETF filings after SSK ETF launch.
  • SOL nears key $160 resistance amid strong technical setup.

Solana (SOL) has seen an impressive 45.6% surge over the past three months, driven by record-breaking network activity and growing optimism around a potential exchange-traded fund (ETF) approval in the United States.

Notably, the price hike has brought SOL closer to the key resistance zone around $160, raising hopes of a breakout as momentum builds from both technical and fundamental fronts.

Daily activity on the Solana Network hits record highs

Solana’s network has witnessed a sharp increase in usage over the past few weeks, with Daily Active Addresses (DAA) soaring to a historic peak of 15.39 million.

Solana Daily Active Adresses

This surge in on-chain engagement reflects rising demand for the platform’s decentralised applications and staking services, especially at a time when other blockchain networks have shown stagnation.

In the first week of July, activity briefly dropped below 5 million, only to rebound to 14.63 million by July 7, signalling strong underlying user interest and a resilient ecosystem.

Such consistent growth in user activity is often a precursor to sustained price appreciation, particularly when it coincides with positive market sentiment.

Solana ETF speculation adds to bullish momentum

Speculation around the approval of a Solana ETF has intensified after the US Securities and Exchange Commission (SEC) asked fund issuers to update and resubmit their applications by the end of July.

While the SEC has until October 10 to reach a final decision, sources close to the matter have suggested that the timeline could accelerate following the surprise launch of the SSK ETF — the first Solana staking fund to go live in the US.

The SSK ETF, launched by REX Shares and Osprey, drew $12 million in inflows on its first day and recorded $33 million in trading volume, adding urgency to the SEC’s response timeline.

Analysts believe that the existence of a live Solana-based ETF has pressured the SEC to avoid giving one fund a competitive edge, as it did in the case of Bitcoin and Ethereum ETF approvals.

This regulatory backdrop has contributed to renewed bullishness in the Solana market, even though approval is not yet guaranteed.

Investor behaviour signals quiet accumulation

Exchange data also supports the bullish setup, with net outflows from centralised platforms increasing steadily in recent weeks.

This trend usually indicates that investors are moving their holdings into cold storage or decentralised wallets, a common signal of accumulation by long-term holders.

Moreover, despite low or negative funding rates, which show a lack of aggressive long positions, the market has remained firm — a setup that could lead to a short squeeze if SOL breaks higher.

With funding rates staying flat and volume holding above $4.5 billion daily, momentum could shift quickly if key resistance levels are cleared.

Technical analysis points to a breakout attempt

On the charts, Solana (SOL) is rounding off a classic cup-and-handle pattern, which is typically a bullish continuation signal when followed by a breakout above the upper handle.

Solana price chart

Currently, SOL is hovering just under the critical resistance zone between $159 and $163.82, levels that align with key moving averages and Fibonacci retracements.

At the time of writing, Solana was trading at $150.76, slightly below the $159 barrier that has capped its rallies for several weeks.

The price stability above $150, despite volatile market conditions, shows strong buying pressure and investor confidence, even as leveraged traders remain on the sidelines.

While the Moving Average Convergence/Divergence (MACD) shows momentum tapering off, it remains near the zero line, indicating a potential trend reversal if upward pressure continues.

The Relative Strength Index (RSI) sits close to 50, revealing investor indecision but also suggesting room for a significant move in either direction.

A clean breakout above $159 would likely confirm the cup-and-handle formation and open the door to higher targets, with $194.25 and $215 as the next major price zones to watch.

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