Kategorie: Crypto News

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SOL gains momentum as Circle’s USDC mints on Solana surpass $3B in July

  • The stablecoin issuer has minted $500M USDC on Solana today.
  • It has minted $1B stablecoins in the previous week, bringing its July total past $3 billion.
  • SOL trades at a key level, targeting the $200 mark.

Solana is in the spotlight as altcoins rally with Bitcoin above the $120,000 zone after the US Congress passed the groundbreaking crypto bills.

Amidst the rallies, stablecoin issuer Circle has minted $500 million USDC on the Solana blockchain today.

The new injection has pushed the firm’s weekly mint to $1 billion USDCs, indicating intensified stablecoin activities on the SOL network.

Furthermore, Circle has minted USDC worth over $3 billion on the Solana blockchain since the start of July.

That’s among the most aggressive stablecoin expansions the crypto platform has witnessed in 2025.

These developments underscore institutional trust in Solana’s infrastructure and future potential.

Meanwhile, the optimism is already reflected in SOL’s price action.

The native token hovers at a key level of $180, targeting swift rallies toward the sought-after $200.

Why increased stablecoin activities matter

Circles move to mine USDC worth billions of dollars on Solana is beyond a mere blockchain activity.

The move signals confidence in the network’s cost-friendly model and scalability.

While Ethereum still grapples with high gas fees and congestion, Solana offers ultra-low fees and near-instant transaction completion.

That makes it perfect for handling massive volumes of stablecoin transfers.

The USDC minting spree signals growing institutional trust in Solana’s capabilities.

To investors, traders, and developers, the development signals a growing ecosystem ripe to support stablecoin-centric growth.

It is no surprise that native SOL displays bullishness amidst USDC surges.

Liquidity plays a crucial role in blockchain’s overall health, and stablecoins ensure smooth undertakings, from interacting with DEXs to lending protocols.

More USDCs joining the network will enrich Solana’s throughput and demand, which in turn leads to price growth.

Also, the move reflects Circle’s expansion goals.

The company requires a blockchain that can handle massive real-world volumes as it braces for its IPO (initial public offering).

Will Solana’s battle-tested, cheap, and fast capabilities make it a perfect partner?

Solana price outlook

SOL trades at $180 after gaining more than 6% in the past 24 hours.

The current price places it at a key level.

A closing above $180 will likely catalyze smooth gains toward the psychological mark at $200.

Technical indicators support Solana’s upside stance.

The 1D Moving Average Convergence sways above the signal line, suggesting buyer control.

Also, the Chaikin Money Flow has remained elevated since July 14.

That confirms increased cash entering the SOL ecosystem as investors expect imminent rallies.

Bulls target the $188 zone, beyond which Solana can rally frictionlessly to $200.

Solana enthusiasts @splsamurai posted a chart highlighting SOL’s potential gains.

Continued broad market surges will support Solana’s stability above $180 to validate the bullish trajectory.

Altcoins display bullish strength as Bitcoin’s dominance dwindled after BTC’s rally to all-time highs last week.

Solana remains poised among the top alts to watch in the prevailing bull runs.

The post SOL gains momentum as Circle’s USDC mints on Solana surpass $3B in July appeared first on CoinJournal.

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US House passes three key crypto bills; market reaction muted as Bitcoin dips

  • US House passed all three key crypto bills: the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act.
  • Despite the “historic” legislative wins, crypto markets remained flat, with Bitcoin down 0.89% to $118,849.
  • The GENIUS Act (stablecoins) is the first major crypto bill to clear both chambers and is now on President Trump’s desk.

The US House of Representatives has delivered a week of landmark legislative victories for the cryptocurrency industry, passing all three key bills aimed at providing long-sought regulatory clarity.

However, in a striking display of market apathy, this historic breakthrough in Washington has been met with a collective shrug from crypto traders, with prices remaining largely flat.

In what many industry proponents are calling a watershed moment, the US House has now passed the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.

The CLARITY Act, which passed by a strong vote of 294 to 134, aims to establish clear guidelines for classifying digital assets as either securities under the purview of the Securities and Exchange Commission (SEC) or as commodities under the Commodity Futures Trading Commission (CFTC).

The Anti-CBDC Surveillance State Act, which passed by a much narrower 219 to 217 vote, effectively bans the Federal Reserve from issuing or even testing a central bank digital currency without explicit Congressional approval. Both of these bills will now advance to the Senate, where their future remains uncertain.

The most significant of the three, the GENIUS Act, which creates a regulatory framework for stablecoins, has already cleared both chambers of Congress. Having previously passed the Senate with a 68 to 30 vote, it sailed through the House this week with a decisive 308 to 122 vote.

This bill is now on President Trump’s desk, making it the first major piece of crypto-focused legislation on track to become US law.

Despite these monumental legislative achievements, the crypto markets have remained conspicuously unfazed. Bitcoin (BTC) is currently trading at $118,849, down 0.89% over the past 24 hours. Ethereum (ETH) is hovering at $3,389, down 0.27%.

The broader altcoin market has also been mostly muted. The one notable exception is XRP, which is up over 8% on the day, continuing a strong bullish run it has maintained throughout the week.

The market’s tepid reaction is further evidenced by liquidation data. According to Coinglass, 150,169 traders were liquidated in the past 24 hours, with total liquidations reaching nearly $490 million.

The largest single liquidation was a $3.21 million ETH-USDT long position on the crypto exchange HTX, a sign of the choppy, directionless trading that has characterized the market.

A tale of two markets: crypto stalls as Wall Street soars

The crypto market’s indifference stands in stark contrast to the exuberance seen in traditional stock markets.

Major US indexes surged to fresh record highs on Friday, as upbeat corporate earnings and stronger-than-expected economic data lifted investor sentiment.

The S&P 500 jumped 0.54% to a new record close of 6,297.36, marking its ninth all-time closing high of the year. The tech-heavy Nasdaq Composite also hit its tenth record of 2025, climbing 0.74% to finish at 20,884.27, driven by strength in major tech stocks.

The Dow Jones Industrial Average rose 229.71 points, or 0.52%, to close at 44,484.49.

This rally in equities was supported by strong economic data, including a retail sales report for June that came in at 0.6%, beating expectations of 0.2%, and a drop in jobless claims, both signaling a still-resilient US economy.

Strong earnings reports from companies like PepsiCo and United Airlines further boosted optimism as the second-quarter earnings season gets underway.

This divergence highlights a curious moment in markets, where a significant, long-awaited regulatory victory for crypto has failed to generate the kind of bullish excitement currently being seen on Wall Street.

The post US House passes three key crypto bills; market reaction muted as Bitcoin dips appeared first on CoinJournal.

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BlackRock moves to add staking to Ethereum ETF amid surge in inflows

  • BlackRock seeks to enable staking in its ETHA fund, aiming to boost returns and efficiency for investors.
  • ETH ETFs see $726M in daily inflows, with BlackRock’s ETHA leading at nearly $500M, amid rising demand.
  • SEC openness to staking ETFs grows, following approval of the first Solana staking fund and increasing industry filings.

BlackRock has filed to incorporate staking into its iShares Ethereum Trust (ticker: ETHA), the largest Ethereum exchange-traded fund (ETF) by assets under management.

The move, disclosed in a filing with the US Securities and Exchange Commission (SEC) on Thursday, follows growing institutional interest in Ethereum staking products and comes amid record-breaking net inflows into ETH ETFs.

The filing was submitted by Nasdaq under SEC Rule 19b-4, which national securities exchanges follow to propose new fund structures.

BlackRock is the latest asset manager to pursue staking capabilities for its Ethereum fund, joining a competitive field that includes Grayscale, 21Shares, and others with similar proposals already in the pipeline.

BlackRock’s filing outlines that the trust may stake “all or a portion” of its ETH holdings through one or more trusted staking providers.

The proposal specifies that the ether held by the trust will not be pooled with other entities, nor will the trust assume risk on behalf of others from slashing or network forks.

Coinbase, currently acting as custodian and prime execution agent for ETHA, is expected to serve as the fund’s staking partner.

Record ETH inflows signal demand

The filing comes at a moment of surging interest in Ethereum investment products.

On Wednesday, ETH ETFs recorded their highest single-day net inflow since launch, totaling $726.74 million, with BlackRock’s ETHA accounting for $499 million of that sum.

So far in July, ETH ETFs have attracted over $2.27 billion in net inflows, marking the strongest monthly inflow to date, according to data from SoSoValue.

ETHA was approved in July 2024, as part of a group of spot Ethereum ETFs greenlit by the SEC shortly after it approved the first spot Bitcoin ETFs earlier in the year.

ETHA currently holds over $7.9 billion in assets, underscoring BlackRock’s leadership position in Ethereum-based exchange-traded products.

BlackRock’s Head of Digital Assets, Robert Mitchnick, has previously signaled that staking would be the “next phase” for crypto ETFs.

Thursday’s filing appears to make that vision concrete, at a time when regulatory momentum and investor interest are aligning.

Staking ETFs enter regulatory spotlight

BlackRock’s move comes shortly after the SEC approved the REX-Osprey Solana Staking ETF, the first US-based staking ETF, earlier this month.

That product was approved under the more stringent Securities Exchange Act of 1940.

In contrast, BlackRock’s ETHA staking proposal falls under the Securities Exchange Act of 1934, under which no staking ETF has yet been approved.

However, SEC officials have indicated growing openness to staking ETFs.

Bloomberg ETF analyst James Seyffart noted on X (formerly Twitter) that “staking is not done,” predicting that approval for Ethereum staking ETFs may arrive as early as Q4 2025.

While BlackRock’s latest filing may not receive a final decision until around April 2026, the broader outlook for staking products appears favorable.

As Ethereum’s price hovers near $3,399—still below its 2021 all-time high of $4,878—the prospect of yield-generating, regulated staking products could further fuel institutional adoption.

With competitors also eyeing staking ETFs for assets like Cronos, Tron, and Injective, BlackRock’s move signals an increasingly diverse crypto ETF landscape taking shape.

The post BlackRock moves to add staking to Ethereum ETF amid surge in inflows appeared first on CoinJournal.

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FLOKI price rally gains 40% as rare EMA signal points to further 25% rise

  • FLOKI surged 40% in 24 hours to $0.0001352, backed by a rare triple EMA bullish crossover and steady on-chain holding behavior.
  • Technical indicators point to a potential move toward $0.000164, with Fibonacci levels confirming bullish momentum.
  • Long-term holders aren’t selling into the rally, lowering supply pressure and reinforcing market confidence.

FLOKI has recorded a sharp 40% price increase in 24 hours, pushing its value to $0.0001352 at the time of writing. On-chain and technical indicators suggest this surge may not be short-lived.

FLOKI price
Source: CoinMarketCap

With a rare triple EMA bullish crossover confirmed and the Age Consumed metric signalling continued holding behaviour, the memecoin appears poised to test the $0.000164 level—a 25% rise from its current price—if current momentum holds.

Key support and resistance zones derived from Fibonacci extensions are also in play, suggesting a decisive phase for FLOKI’s near-term trajectory.

Despite the price uptick, long-held FLOKI tokens are not being redistributed.

The last notable movement of dormant coins occurred in early July when the Age Consumed value surged to approximately 62 trillion, a sign often associated with redistribution.

In contrast, the current trend has seen that indicator stay muted, implying that larger holders are refraining from selling into the rally.

This absence of sell-side activity from long-term holders has lowered the supply pressure, creating room for upward price movement.

This trend also suggests that market confidence is rising. A spike in the Age Consumed metric would normally precede a potential correction, as older tokens re-enter circulation.

Rare triple EMA crossover confirms bullish trend

FLOKI’s current rally gained traction around 10 July, when a significant technical pattern began to form.

On that date, the 20-day exponential moving average (EMA) crossed above the 50-day EMA.

Two days later, the 20-day EMA rose above the 100-day EMA, and by 16 July, the 50-day EMA also overtook the 100-day EMA.

This alignment of moving averages forms a rare technical formation known as a Triple EMA Bullish Crossover.

Such a formation is typically interpreted as a strong bullish signal, particularly when all three key EMAs line up in ascending order.

It reflects consistent buying momentum across short, medium, and long timeframes.

This technical confirmation comes at a time when FLOKI has already seen sustained interest across social media platforms, driving increased retail attention.

If the crossover holds, it could support the continuation of the rally beyond near-term resistance levels.

Fibonacci levels suggest $0.000164 target

From a price action perspective, FLOKI has reclaimed multiple Fibonacci levels after bouncing back from a recent low of $0.000091.

Drawing the trend-based Fibonacci extension from the impulse low of $0.000059 to a local high of $0.000104, and then back to the retracement at $0.000091, the memecoin has moved through the 0.618 Fib level—often regarded as a critical support zone during upward moves.

The next key level is $0.000136, which has served as a resistance point.

FLOKI has already tested this zone, and a breakout above it could lead to the 1.618 Fibonacci extension target at $0.000164.

This would represent a 25% rise from the current price of $0.000132.

However, the bullish structure is not without risk. A drop below $0.000102, which corresponds to the 0.236 Fib level, could invalidate the current setup.

This level also coincides with the start of the present bullish impulse, and falling below it may signal a reversal or exhaustion in the trend.

FLOKI’s outlook hinges on support holding above $0.000102

While FLOKI has exhibited strong technical and on-chain signals, its continuation depends on key levels being maintained. The absence of activity among long-term holders is a positive sign, suggesting confidence rather than panic.

At the moment, a move toward the $0.000164 target remains technically supported. But if market momentum falters and price action dips below the $0.000102 threshold, it could spell the end of the rally.

Traders are now closely watching how the memecoin behaves around these inflection points to determine whether the bullish thesis holds.

The post FLOKI price rally gains 40% as rare EMA signal points to further 25% rise appeared first on CoinJournal.

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XRP price nears $3.84 all-time high as daily gains hit 11.6%

  • XRP eyes a breakout as regulatory clarity and bullish momentum converge near its 2021 cycle high.
  • Ripple’s stablecoin push and EU expansion pave the way for cross-border compliance and digital finance leadership.
  • Lawsuit winds down, lifting years of regulatory drag and igniting fresh institutional interest.

XRP’s price action is approaching a major breakout moment. After hovering below its 2021 cycle high for months, the token is showing fresh strength.

XRP is now trading at $3.29, up by 11.6% in the past 24 hours.

XRP price
Source: CoinMarketCap

Trading volumes have exceeded $13 billion, and technical momentum is building across major exchanges.

This price movement reflects more than market speculation—XRP’s current rally is supported by a cluster of regulatory, institutional, and technological developments that could reposition Ripple’s token at the centre of digital asset adoption across the US and Europe.

Stablecoin legislation, Ripple charter, and MiCA boost regulatory clarity

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the House this week after clearing the Senate in June.

Backed by President Donald Trump and House Majority Leader Steve Scalise, the bill arrives alongside the CLARITY and Anti-CBDC acts.

Ripple, which launched its dollar-backed RLUSD stablecoin in December, filed for a US national bank charter and Federal Reserve master account on 2 July.

These moves would allow it to custody RLUSD reserves directly with the Fed, increasing transparency and regulatory compliance.

In parallel, Ripple is preparing to scale its European operations. The company confirmed it will seek an EU electronic money institution licence under the Markets in Crypto-Assets (MiCA) framework.

Ripple’s stated aim is to become MiCA-compliant and expand its footprint in the European stablecoin market.

Together, these developments offer a pathway to regulatory legitimacy across major jurisdictions, significantly strengthening XRP’s long-term position.

Ripple lawsuit nearly resolved as penalty remains at $125 million

A separate catalyst for XRP’s momentum is the near-resolution of Ripple’s long-running court case with the US Securities and Exchange Commission.

On 26 June, Judge Analisa Torres rejected a joint motion by Ripple and the SEC that sought to reduce a civil penalty from $125 million to $50 million and eliminate the permanent injunction.

She ruled that the parties failed to show “exceptional circumstances” needed to revise her judgment.

However, the very next day, Ripple CEO Brad Garlinghouse announced on X that the company would drop its cross-appeal, expressing optimism that the SEC would do the same.

While the penalty of $125 million remains in place, this development has been interpreted as the beginning of the end of the litigation.

The regulatory overhang that has constrained XRP for years may now be lifting.

ETFs and acquisitions signal renewed institutional push

With legal uncertainties easing, fund managers are moving quickly. On 15 July, ProShares launched leveraged futures funds for Solana and XRP, while spot ETFs await SEC clearance.

One week earlier, the SEC issued new disclosure guidance aimed at expediting crypto ETF approvals.

Trump Media & Technology Group has gone a step further, filing for a “blue-chip” basket ETF that would include bitcoin, ether, solana, and XRP, indicating growing bipartisan pressure to accelerate ETF listings.

At the same time, Ripple is actively expanding its infrastructure.

It has acquired prime broker Hidden Road for $1.25 billion and is developing an on-ledger lending protocol set to launch in Q3.

Chief technology officer David Schwartz told DL News in late June that multiple acquisitions are underway.

These efforts are aimed at deepening XRP liquidity, bolstering its use cases, and increasing investor confidence.

Price trajectory and technical signals

According to crypto strategist Pentoshi, XRP has traded in a “very clean” structure over the past seven months, with limited overhead resistance.

“It arguably has little resistance from here because it never spent time trading here on the verge of price discovery,” he wrote on X. Relative strength index (RSI) readings across major trading platforms have returned to “buy” territory, reinforcing bullish sentiment.

At the time of writing, XRP is trading at $3.29. While it has not yet breached its all-time high of $3.84 set in January 2018, the convergence of regulatory clarity, ETF interest, and Ripple’s strategic positioning marks a pivotal phase.

The coming weeks could determine whether XRP can reclaim its former peak and establish new price territory in this cycle.

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