XRP’s exchange net position surged by 283M tokens, driving its price to near $3. XRP saw a 4.31% price increase in 24 hours, despite a 21.63% drop in trading volume. XRP’s fully diluted valuation stands at $239.67B, reinforcing its market dominance. XRP has recently recorded a surge in both its price and exchange activity. According to Glassnode, over 283 million XRP tokens flowed into exchanges, marking the largest influx in eight months. This change in XRP’s exchange net position correlates with a rise in its price, which surged to nearly $3 by early July 2025. Between June 23 and June…
Author: cryphedge
The first US-listed spot Solana exchange-traded fund (ETF) received $21 million of net inflows on July 8, lifting its running total to $41.2 million, based on Farside Investors’ data. The one-day addition to the Rex-Osprey’s Solana + Staking ETF (SSK) 104% of the $20.2 million raised over the previous three trading sessions, effectively doubling net inflows.Falling short of BTC and ETHSSK began trading on July 2 with a 0.75% management fee, triple the 0.25% headline charge that BlackRock and Fidelity levy on their Bitcoin (BTC) and Ethereum (ETH) products. Comparing the first four trading days for each asset class reveals a disconnect…
Hester Peirce, head of the US Securities and Exchange Commission’s (SEC) Crypto Task Force, said that putting securities on a blockchain “does not have magical abilities to transform the nature of the underlying asset.” In a July 9 statement, Peirce emphasized that tokenized shares, notes, or entitlements “are still securities,” requiring issuers, intermediaries, and traders to adhere to existing federal law when creating, selling, or transferring them.Legal obligationsPeirce’s bulletin notes that tokenization can occur in two ways: an issuer can mint blockchain versions of its own shares, or a custodian can wrap third-party securities and issue receipts.She warned that the second…
Bitget has rolled out tokenized stock trading on its Onchain platform, enabling crypto users to gain exposure to top global equities without relying on traditional brokerages.The move, announced on July 9, was made possible through an integration with Kraken’s recently launched xStocks infrastructure.The initial listings include tokenized versions of Tesla (TSLAx), Nvidia (NVDAx), Strategy (MSTRx), Apple (AAPLx), Circle (CRCLx), and SP500 (SPYx).Bitget CEO Gracy Chen said the expansion marks a “new phase of market access” where crypto and traditional assets can “coexist and complement each other” more easily.Bitget Onchain, launched earlier this year, combines a centralized exchange user experience with…
Pump.fun, a top-tier memecoin launchpad on the Solana (SOL) network, has confirmed the schedule of the Initial Coin Offering (ICO) for its $PUMP token. According to the announcement on Wednesday, July 9, Pump.fun has scheduled the $PUMP ICO on July 12, 2025.The $PUMP ICO offering will involve 33 percent of the maximum supply of 1 trillion tokens, out of which 18 percent was allocated to private institutional buyers and the remaining 15 percent to public investors. Each $PUMP token will be sold for $0.004, thus the ICO will raise $1.32 billion.Crypto investors seeking to participate in the $PUMP ICO can…
Memecoin fever just won’t quit, and analysts argue that Shiba Inu (SHIB) and PEPE may not be done printing eye-popping rallies. With gas fees on Ethereum surging again and Robinhood reporting a 27 % jump in meme-token volumes last month, traders say the stage is set for another melt-up, if risk appetite stays alive. Shiba Inu: Layer-2 Catalyst and Supply Burn The live SHIB price is hovering near $0.000012 while daily volume holds around $136 million. Two drivers underpin bullish calls. First, Shibarium’s on-chain stats reveal that the Layer-2 now processes more than 820,000 transactions a day—double April’s pace. Second,…
AAVE hovered just below $300 after bouncing from $213, shaking out short sellers hard. Open interest jumped 15% as traders leaned bullish, eyeing $305.71 as the next major target. Aave (AAVE) climbed 1.28% on Wednesday, extending its previous day’s 3.45% gain. The recent uptick brought the token near the $300 zone, driven by rising market optimism and a surge in activity across the broader decentralized finance space. Data from DeFiLlama shows Aave’s total value locked (TVL) reached a record $26.49 billion, setting a new high for the lending protocol. Source: DeFiLlama That TVL boost followed rising market engagement, with total…
Donald Trump Jr. has sparked fresh interest with a $4 million stake in Thumzup Media Corp., a little-known Los Angeles startup navigating the crowded world of social media and advertising tech. Thumzup, which pays everyday users to promote brands on Instagram, hasn’t made much noise financially as it reported just $151 in revenue and over $2 million in losses in the first quarter of 2025. Still, the company has become a curious symbol of a rising trend: businesses stockpiling cryptocurrency as part of their corporate strategy. Trump Jr.’s 350,000 shares’ worth move seems less about short-term earnings and more about…
The tech-savvy crypto community is abuzz with talk of Ruvi AI (RUVI), a token that has rapidly garnered attention from smart investors. Combining blockchain with artificial intelligence (AI), Ruvi AI is making waves thanks to its transparent foundation, strategic growth model, and early investor perks. With $2.2 million raised, over 180 million tokens sold, and a growing holder base of 2,000+ investors, Ruvi AI is being positioned as a standout for exponential returns in 2025 and beyond. Its audited credibility and early bonuses further cement its place as a frontrunner in the crypto sphere.Security and Transparency Build Investor Confidence For investors,…
Journalist Tanzeel Akhtar Journalist Tanzeel Akhtar About Author Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,… Share Last updated: July 9, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to…
