The cryptocurrency market recorded more than $669 million in net liquidations on Wednesday, July 23, 2025. The altcoin market accounted for the lion’s share of the $563 million in long liquidations during the past 24 hours.According to market aggregate data from Coinglass, the ETH and XRP trading pairs recorded net liquidations of about $126 million and $69 million respectively. Bitcoin (BTC) on the other hand recorded a net liquidation of around $54 million.Major Reasons Why Crypto Dropped TodayThe 2025 altcoin bull market officially kicked off after the Ethereum price outpaced Bitcoin, leading to a reversal in the BTC dominance. The…
Author: cryphedge
Dubai, UAE, July 23rd, 2025, Chainwire Early-stage presales present a rare window for high upside participation. Backing a project before its official launch allows investors to enter at ground-floor valuations. Historically, those who identified the right tokens at this stage have seen some of the most successful returns in the cryptocurrency market. Pepeto, a meme coin built on the Ethereum blockchain, has crossed $5.5 million in presale funding. With its exchange demo now live, the project is seeing increased activity as it fuses meme culture with advanced bridge and token-swap technology. Pepeto’s Ethereum-Powered Exchange The meme coin market is evolving, and…
Crypto YouTuber Moon Lambo attributed his 14x XRP gains to long-term conviction in altcoin’s fundamentals and the growth of the Ripple ecosystem. XRP recently broke out of a long-term bull flag pattern, crossing $3.50, with analysts eyeing upside to $15. Moon Lambo, the famous crypto YouTuber, has recently shared his strategy on how he made 14x returns on his XRP investment in recent times. With the XRP price now flirting above $3.5, after a strong rally last week, the crypto YouTuber stated that the value of his investment in Ripple cryptocurrency has surged by a massive 14 times. Moon Lambo…
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 23, 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…
As Q3 unfolds, the crypto market is steering away from hype-driven narratives and gravitating toward assets that offer utility, long-term growth, and accessible pricing. Traders are becoming more selective, looking beyond buzz to projects with foundational value. Within this shift, XRP, DOT, and ICP are drawing attention. XRP’s institutional partnerships and ETF speculation hint at large-scale adoption. DOT’s multichain framework and 11% yield appeal to passive earners. ICP is setting itself apart by powering decentralized, on-chain internet infrastructure. BlockDAG joins this group as the best crypto for beginners and value seekers alike. With $350 million raised and 24.1 billion BDAG…
Pudgy Penguins (PENGU) is currently one of the best-performing cryptocurrencies in the market, rallying more than 600% over the last three months. The Solana-based memecoin has rallied 19.6% in the daily charts, 28% in the weekly charts, and 200.7% in the 14-day charts, 409.9% in the monthly charts. Even more impressive, PENGU rallied 601.6% over the previous three months, as CoinGecko reveals.Source: CoinGeckoWhat’s Behind Pudgy Penguin’s 600% Rally?Source: Watcher.GuruPudgy Penguins skyrocketed into the spotlight thanks to the project’s NFT collection. The NFTs are one of the most significant in the market right now. The collection has a market cap of…
Arthur Hayes, Chief Investment Officer at Maelstrom and former BitMEX CEO, has shared a highly optimistic outlook for Ethereum (ETH), predicting that the digital asset could reach a new all-time high of $10,000 by the end of the year.In a July 23 blog post, Hayes described ETH as “the most hated large-cap crypto,” likening its current sentiment to Solana following FTX’s collapse in 2022 before its meteoric rise from $7 to $280.Hayes believes momentum is now shifting. He points to Ethereum’s growing use in corporate treasury strategies and support from major Western institutional players, including Fundstrat’s Tom Lee, as signs…
Bitcoin miner MARA Holdings is making bold moves. According to a recent announcement, the company is all set to raise $850 million to expand its Bitcoin holdings and support other initiatives. MARA Holdings plans to raise $850 million through a private offering of zero-interest convertible notes due in 2032. These notes can later be converted into cash, MARA stock, or a mix of both. An extra $150 million may also be offered depending on demand.Out of the funds raised, $50 million could go toward buying back some of MARA’s older debt (1% notes due 2026). The rest will be used for…
Recently, the ADA price surged to $0.92 in the fourth week of July, backed by strong trading volumes and robust on-chain activity. But, recent profit booking has triggered a mild correction to sideways movement. This occurrence has pulled prices back to $0.85. Despite the retracement, whale accumulation signals a strong possibility of an extended rally.ADA Price Rally Slows as Traders Book ProfitsAfter showing impressive momentum through July, the ADA price experienced a temporary cooldown. However, the OI has not dipped much, when writing it holds near $637.53 million, signifying a less intense sell-off.A couple of days back, when ADA crypto climbed to $0.92,…
PUMP, the native token of memecoin launch platform Pump.fun, faces mounting selling pressure following its rapid price drop.According to blockchain analytics firm SpotOnChain, 31.6% of the 10,145 successful presale participants have offloaded their PUMP tokens on decentralized exchanges.Adding to the trend, 53% of presale buyers have moved their tokens to new wallets, including centralized exchanges, which is a likely sign of more sell-offs ahead.Spotonchain pointed out that some traders involved in these asset movements have registered significant profits.According to the firm, the top presale buyer, who spent $100 million to purchase 25 billion PUMP tokens, has already deposited 17.1 billion…
