Kategorie: Crypto News

• Ether (ETH) traded steadily around $2,584 (+0.55%) as risk assets rallied on strong US jobs data.
• US economy added 147,000 jobs in June (beating 110K forecast); S&P 500 and Nasdaq hit new record highs.
• US Congress passed President Trump’s $4.5 trillion ‘Big Beautiful Bill’ of tax cuts and spending reductions.

Ether (ETH) held firm above the $2,580 mark on July 3, as broader risk assets rallied in response to a surprisingly robust US labor market report.

The strong jobs data sent major US stock indices, including the S&P 500 and Nasdaq Composite, surging to new all-time highs.

This positive market sentiment was further influenced by the US Congress passing President Donald Trump’s sweeping tax and spending package.

The latest nonfarm payrolls report, published by the Bureau of Labor Statistics, revealed that the US economy added 147,000 jobs in June.

This figure comfortably surpassed economists’ expectations of 110,000 and also exceeded the upwardly revised figure of 144,000 from May, according to a report from CNBC.

Adding to the picture of a resilient labor market, the unemployment rate fell to 4.1%, defying forecasts that had predicted a rise to 4.3%.

This strong economic data immediately boosted US equities, with the S&P 500 closing at 6,279.35 and the Nasdaq Composite finishing at 20,601.10 – both indices gaining more than 0.8% on the day to reach fresh record highs.

The Dow Jones Industrial Average also saw a significant gain, adding 344 points to settle at 44,828.53.

The positive risk-on sentiment appeared to provide a supportive backdrop for cryptocurrencies.

Ether was trading around $2,584.90, registering a 0.55% gain over the past 24 hours, according to CoinDesk Research’s technical analysis model.

The broader crypto market, as measured by the CoinDesk 20 Index (CD20), was up a slight 0.08% during the same period.

Ether’s resilience suggests that, for now, traders are encouraged by the broader market uplift, which has lifted crypto alongside equities.

However, the very strength of the labor market report has complicated the outlook for US monetary policy.

With the economy showing such vigor, it now seems highly unlikely that the Federal Reserve will consider lowering interest rates at its next meeting.

Some traders are now even questioning whether there will be any rate cuts at all in the second half of this year.

Trump’s ‘Big Beautiful Bill’ clears Congress in major legislative win

In a significant political development, the US Congress on Thursday passed President Donald Trump’s sweeping USD 4.5 trillion ‘Big Beautiful Bill’ of tax cuts and spending reductions.

The Republican-led House of Representatives narrowly passed the bill by a vote of 218–214, sending it to the President’s desk for his signature.

This vote marks a major legislative victory for President Trump in his second term.

The bill secures funding for his administration’s immigration crackdown, makes many of his 2017 tax cuts permanent, and delivers on new tax breaks he had pledged during his 2024 campaign.

The White House announced that President Trump will sign the bill into law on Friday at 5 pm.

President Trump hailed the passage of the “One Big Beautiful Bill” as a historic achievement.

“The biggest bill of its kind ever signed — and it’s going to make this country into a rocket ship. It’s going to be really great,” he said.

Praising the sweeping USD 3.4 trillion tax and spending package (the total package is cited as $4.5 trillion, with this component likely referring to a specific part), Trump added, “I think when you go over the bill, it was very easy to get them to a ‘Yes.’ … Biggest tax cut in history, great for security, great on the southern border … we covered just about everything. Again, it’s the biggest bill ever signed of its kind.”

The passage of this significant fiscal package, combined with the strong labor market data, creates a complex new landscape for investors to navigate as they assess the future trajectory of both the US economy and its financial markets.

The post Ether gains 0.55% as strong US jobs data lifts S&P 500, Nasdaq to records appeared first on CoinJournal.

• Pudgy Penguins (PENGU) price has surged by 70% amid ETF filing and Revolut listing.
• A renowned analyst has compared PENGU’s breakout to PEPE’s past rally.
• Strong support and rising volume signal bullish momentum for PENGU.

Pudgy Penguins (PENGU) is capturing the attention of crypto traders after an explosive move that echoes PEPE’s iconic breakout last year.

In just one week, PENGU surged more than 70%, climbing to a two-month high of $0.0163 and overtaking established meme tokens like WIF, FLOKI, and BRETT in market cap rankings.

This unexpected rise, now positioning PENGU as the eighth-largest meme coin and 94th overall by market cap, is drawing comparisons to PEPE’s historic ascent that turned heads across the crypto community.

PENGU ETF filing fueling the surge

The main catalyst behind PENGU’s sudden breakout appears to be a pivotal regulatory development that could change the landscape for meme coins.

On June 25, 2025, the Cboe BZX Exchange submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC), seeking approval for a first-of-its-kind hybrid ETF backed by Canary Capital.

The proposed ETF would allocate 80% to 95% of its assets to PENGU tokens, with the remaining balance in Pudgy Penguins NFTs, creating a rare bridge between fungible tokens and digital collectibles.

If approved, this would be the first American ETF to hold actual NFTs along with a meme coin, a structure that opens the door for institutional access to the NFT-backed meme economy.

Investor sentiment turned sharply bullish after the announcement, with rising trading volume and social media buzz reflecting growing confidence in PENGU’s long-term potential.

Fintech giant Revolut has listed Pudgy Penguins (PENGU)

Adding to the momentum, fintech giant Revolut listed PENGU on its trading platform, allowing millions of retail users globally access to the asset.

This integration gave PENGU a new level of accessibility and credibility, reinforcing its status as more than just a fleeting meme trend.

The listing’s timing, aligned with the ETF news, created a perfect storm of exposure and utility that rapidly boosted demand and liquidity.

Strong technicals back the bullish sentiment

Technical indicators further support PENGU’s upward trajectory, signalling sustained bullish pressure in recent sessions.

Short-term analysis shows solid support between $0.012 and $0.013, with resistance emerging around the $0.015 to $0.016 range.

A breakout above these levels could push the price toward the next major target of $0.01745, with some analysts even projecting a run toward $0.044, a potential 200% increase.

The Chaikin Money Flow (CMF) indicator registers a healthy +0.21, well above the neutral zone, indicating strong capital inflows during the rally.

Meanwhile, accumulation indicators like A/D show sustained interest on dips, and rising volume suggests that buyers are firmly in control of the market.

History may be repeating itself

Market analyst Ali Martinez has drawn a compelling comparison between PENGU and PEPE’s breakout pattern from last year.

According to Martinez, PENGU’s current structure mirrors PEPE’s pre-rally phase, and a daily close above the $0.015–$0.017 zone could unleash a similar vertical move.

$PENGU is starting to look a lot like $PEPE did before it exploded! A daily close above $0.015–$0.017, and this train could be unstoppable. pic.twitter.com/dQqc8lY7ev

— Ali (@ali_charts) July 1, 2025

Despite its recent strength, PENGU is still down 77.6% from its December 2024 all-time high of $0.06845, offering significant room for recovery if momentum continues.

At the same time, the token has rebounded 312% from its April 2025 low of $0.003715, suggesting a foundational base has been established.

If history repeats itself, as it did with PEPE, then Pudgy Penguins (PENGU) might soon find itself at the forefront of the next meme coin frenzy — this time with deeper institutional roots and a hybrid structure that sets it apart.

The post Striking similarities between current Pudgy Penguins trajectory and PEPE’s past breakout appeared first on CoinJournal.

• Fartcoin has soared past $1 with over 9% daily gain as Solana memecoins rally.
• Solana meme coins are rallying on the recent Solana ETF launch.
• Bitcoin has also topped $110K, boosting market-wide momentum.

Fartcoin has officially broken through the critical $1 mark, riding a wave of renewed optimism in the Solana meme coin sector.

The memecoin has soared to a weekly high of $1.27, recording a notable 9% gain within 24 hours and confirming its place among the top-performing meme coins of the week.

With trading volume exploding to over $517 million, investors appear increasingly convinced that this is more than just a short-term pump.

Solana memecoins take centre stage

Fartcoin’s bounceback comes at a time when the broader Solana meme coin ecosystem is capturing market attention in a major way.

Tokens like Bonk, SPX6900, and Dogwifhat have also seen sharp double-digit gains, signalling renewed speculative confidence in high-beta bets tied to Solana’s rising profile.

Fartcoin’s recent performance is particularly striking, given its massive ascent from an all-time low of just $0.02003 in October 2024 to current levels above $1.20.

This represents a jaw-dropping 6,000% gain in under nine months, positioning Fartcoin as one of the most explosive assets of this cycle.

What makes this surge even more compelling is its timing. The move coincides with the debut of the first Solana staking ETF, REXShares’ SOL ETF, which opened with an impressive $33 million in first-day volume, well above the typical ETF launch.

$SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc

— Eric Balchunas (@EricBalchunas) July 2, 2025

Solana ETF momentum fuels market speculation

The successful launch of the Solana ETF has reignited institutional interest in the SOL ecosystem, with CME futures open interest surging to a record $167 million.

Analysts from JPMorgan now project that spot Solana ETFs, once approved, could attract between $3 billion and $6 billion in inflows within their first year.

These developments have acted as a major catalyst for Solana-based meme coins, which often move in exaggerated tandem with SOL’s price.

Fartcoin, viewed as a proxy for high-risk meme coin enthusiasm, has seen an outsized benefit from this growing interest in Solana-linked assets.

With the SOL price climbing to $153 and likely to push higher, Fartcoin appears poised to test the next resistance levels at $1.22 and $1.28.

Technical indicators suggest strong momentum, and with support established around $1.13, the path upward remains open.

Bitcoin adds fuel to the fire

Meanwhile, the entire crypto market has been energised by Bitcoin’s rally past the $110,000 mark.

On the back of $407 million in ETF inflows in a single day, BTC now trades just 2% below its all-time high and appears on course to test the $112,000 level this week.

This broad-based bullish sentiment has spilled over into altcoins and meme coins alike.

The CoinDesk Memecoin Index jumped 12.6% in 24 hours, while the CoinDesk 20 Index posted a 4.3% rise, reflecting widespread risk-on behaviour.

As retail traders flood back into the market, meme coins are seeing a resurgence not just as jokes but as vehicles for aggressive speculation.

Fartcoin, Bonk, and others are becoming key barometers of sentiment in a rapidly heating market.

Fartcoin price forecast points to a bigger breakout

According to technical analysis, Fartcoin is attempting to break through a key resistance zone between $1.24 and $1.40, which could unlock the next leg of its rally.

Traders are closely watching whether the token can maintain its current momentum and build enough pressure to make a sustained move beyond these levels.

If broader market sentiment holds and Solana continues to draw institutional capital, Fartcoin may well ride this rally to new heights.

The post Fartcoin breaks past $1 as Solana ETF launch ignites a memecoin rally appeared first on CoinJournal.