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Over $306 million in crypto will be unlocked this week, potentially creating market volatility
Quick Take Initially arrested in Greece in 2017, both the U.S. and Russia requested his extradition. Marc Fogel, the U.S. citizen exchanged for Vinnik, reportedly returned home on Tuesday night.
XRP’s bullish setup suggests a parabolic surge, with analysts eyeing $13 in the near term and $32 to $110 in future cycles. Technical patterns indicate XRP’s largest bullish formation, hinting at sustained momentum and potential breakouts ahead. Holding key support above $2.50 strengthens XRP’s upside potential, with a move past $3 opening the door for higher targets.
Cardano’s social media buzz is growing, signaling increased interest in its potential. Microsoft collaboration and Grayscale ETF could boost Cardano’s institutional adoption. Cardano is testing key price support levels, with a potential breakout in 2025.
Bitcoin could soon skyrocket as buyers are taking over, claims an analyst. The Bitcoin Taker Buy-Sell Ratio has confirmed a reversal as buyers take over. A breakout above $100K-$105K could confirm a bullish outbreak for Bitcoin.
Quick Take The exchange proposed allowing staking of ether and awaits the SEC’s next move. Bloomberg’s James Seyffart alluded to Wednesday’s filing being the first ETF to file with the SEC to allow for staking.
Quick Take A hacker promoted a memecoin project related to President Donald Trump’s youngest son Barron Trump, claiming “Trump should confirm the news soon.” However, World Liberty Financial confirmed Witkoff’s account had been compromised and urged users not to engage. Donald Trump’s daughter Ivanka was also the subject of a fake memecoin project in late January.
Quick Take Several U.S. states have proposed using public funds to invest in cryptocurrencies, with asset manager VanEck estimating that state-level Bitcoin reserve bills could drive $23 billion in buying. President Donald Trump has initiated efforts to develop a federal regulatory framework for digital assets, including stablecoins, and is considering a “strategic national digital assets stockpile.”
- 20:08The three major U.S. stock indexes closed mixedAccording to Jinse Finance, the three major U.S. stock indexes closed mixed, with the Dow Jones up 0.4%, the Nasdaq down 0.39%, and the S&P 500 up 0.06%. Major tech stocks showed mixed performance, with Tesla rising over 1% and Nvidia falling more than 2%.
- 19:42Amazon acquires AI wearable device maker BeeAccording to a report by Jinse Finance, Amazon (AMZN.O) has acquired the startup Bee, which produces a $50 wearable AI assistant. Lourdes Zorro, co-founder of the San Francisco-based startup, announced the acquisition in a brief post on LinkedIn. Bee has developed a wristband that can record and transcribe users' activities, using this information to generate to-do lists and summarize conversations. Amazon spokesperson Alexandra Miller stated that, as part of the agreement, all Bee employees have been invited to join Amazon.
- 19:18Alleged Fake Powell Resignation Letter Circulates on Social MediaAccording to Jinse Finance, a so-called "resignation letter from Federal Reserve Chairman Powell" has recently been circulating on the social media platform X, stating that "Powell has decided to resign as Chairman of the Federal Reserve, effective July 22." U.S. financial media reporters, citing sources, said that the resignation letter circulating among some MAGA accounts is fake. Some netizens also pointed out that the letter shows obvious signs of being AI-generated, especially the Federal Reserve seal. Sandra Thompson, Director of the U.S. Federal Housing Finance Agency, commented, "I believe Powell will resign soon, but today is not that day." As of press time, there have been no significant fluctuations in the gold and silver markets.