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Bitcoin (BTC) hit fresh highs amid political support and macro fears, but whale retreats and weakening charts raise caution near-term.
Ordinals gain cross-chain access to Cardano via the BitVMX Alliance initiative. Input Output confirms the 2025 Cardano treasury limit is constitutionally sound. ADA and BTC holders can now explore new DeFi use cases across both networks.
BlackRock continues accumulating ETH despite New major institutional player could potentially spice things up for ETH. ETH struggles to break through resistance near the $2,700 price tag. ETTH exchange reserves registered positive weekly growth after previous downside.
GameStop added 4,710 Bitcoin as a reserve asset, joining the group of companies holding Bitcoin in their balance sheet. The move comes in response to its board’s decision in March to add Bitcoin as a treasury reserve asset, diversifying its asset investments. GME stock jumped 4% in premarket trading hours, bringing weekly gains to over 20%.
The third quarter of the year has historically been Bitcoin’s weakest-performing on average, and analysts are debating whether its current momentum will continue.
Analyst charts suggest Bitcoin price could surge past $130,000 by July if the M2 correlation continues. The M2 money supply is at a new all-time high, historically preceding major Bitcoin rallies. Bitcoin Open Interest Surge Signals Risk-On Shift.
Ripple criticized SEC’s vague rules like “fully functional” and “decentralized,” saying Congress should decide these matters, not regulators.
- 21:42ETH briefly touches $3,500According to Jinse Finance, market data shows that ETH briefly touched $3,500 and is now trading at $3,477.41, up 2.83% in the past 24 hours. The market is experiencing significant volatility, so please manage your risks accordingly.
- 21:22Trump to Open Cryptocurrency Investment to the U.S. Retirement MarketAccording to a report by Jinse Finance, citing the Financial Times, Trump is preparing to open up cryptocurrencies, gold, and private equity to the $9 trillion U.S. retirement market—a move that could fundamentally change how Americans manage their savings. According to three people familiar with the matter, Trump is expected to sign an executive order as early as this week to allow alternative investments beyond traditional stocks and bonds in 401(k) retirement plans. These investments will cover a wide range of asset classes, from digital assets to metals, as well as funds focused on corporate acquisitions, private lending, and infrastructure deals. The sources said the executive order will instruct regulators to investigate the barriers faced by professionally managed funds in including alternative investments for 401(k) savers.
- 21:02Ripple Co-founder Chris Larsen Transfers Nearly $30 Million Worth of XRP to an ExchangeAccording to Jinse Finance, Ripple co-founder Chris Larsen sent approximately $26 million worth of XRP to an exchange earlier this week through a series of transactions. This move comes as XRP approaches its all-time high of $3.4, and since the beginning of this year, Larsen has also made significant transfers to exchanges and external wallets.