Solana (SOL) price experienced heightened bearish sentiment during the second quarter and has since approached a crucial crossroads. The large-cap altcoin, with a fully diluted valuation of about $92.3 billion and a 24-hour average traded volume of around $4.6 billion, dropped around 3.2 percent in the last 30 days to trade at about $152.83 on Thursday, July 3, during the mid-North American trading session.Consequently, the SOL price has consistently closed below the 50-weekly Moving Average (MA) for the larger part since March. From a technical analysis standpoint, the SOL price has been forming a potential head and shoulders (H&S) pattern…
Author: cryphedge
Key catalysts include over $1.17B in June spot ETF inflows, $888M stablecoin growth on Ethereum in a week, and shrinking exchange reserves. Large holders accumulated ETH at the fastest pace since 2017, even during price dips. Ethereum (ETH) price is once again showing strength, gaining 6% in the last 24 hours, moving to $2,600. More importantly, today’s ETH rally is accompanied by a 79% increase in daily trading volumes to $27.58 billion. Furthermore, data from Coinglass shows that ETH futures open interest is up 7.56% to $34.4 billion, highlighting a strong bullish sentiment among traders. After a major 45% crash…
Zilliqa (ZIL) leads with a 41.1% surge, highlighting strong market interest in emerging tokens. Parcel (PRCL) and Hooked Protocol (HOOK) show significant growth, signaling DeFi sector optimism. AI and DeFi tokens like Ronin (RON) and ARC reflect increasing investor confidence in blockchain. On July 3, 2025, several lesser-known cryptocurrencies experienced price increases, with Zilliqa (ZIL) taking the lead. According to Phoenix Group’s daily market update, a variety of altcoins, spanning decentralized finance (DeFi) and AI-driven projects, showed major growth. ZIL stood out with a 41.1% price surge, signaling a growing investor desire for emerging tokens in the market. Zilliqa, a…
On Thursday, July 3rd, a majority of major cryptocurrencies, including BNB, experienced a low-volatility sideways trend. The doji neutral candle on Binance Coin’s daily chart accentuates market uncertainty and a broader slowdown in recovery. However, the accelerated accumulation of this exchange crypto by institutional investors signals an opportunity to rebound and long-term recovery. Is $700 BNB close? Institutional Confidence in BNB Grows with Nano Labs’ $50M Investment In late June 2025, China-based Web3 infrastructure and product solution provider NanoLabs Ltd. announced its initiative to establish a BNB treasury strategy by raising $500 million through a private placement of convertible promissory…
Bitcoin (BTC) has experienced reduced demand, especially from institutional investors despite the apparent net cash inflows in the last few weeks. According to on-chain data analysis provided by CryptoQuant, the net demand for Bitcoin has been falling in the recent past.Precisely, the overall demand for Bitcoin has contracted significantly, such that people purchasing Bitcoin reduced their demand by 895k coins in the past 30 days. The reduced Bitcoin demand amid significant cumulative short leverage trades has played a major role in its midterm bearish sentiment in recent weeks.Bitcoin Price Gains Bullish Momentum After closing above a crucial resistance level around $108,360…
Crypto Journalist Anas Hassan Crypto Journalist Anas Hassan About Author Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech. Share Last updated: July 3, 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 industry events, products, and…
Senator Cynthia Lummis filed a bill on July 3 that rewrites multiple sections of the Internal Revenue Code to govern how crypto users calculate, defer, and report taxable income.The measure inserts statutory definitions for “digital asset” and “actively traded digital asset,” classifying any cryptographically recorded unit of value as property unless it merely mirrors a traditional financial instrument.A new §139J excludes gains or losses when tokens pay for goods or services, so long as each transaction and any attendant loss stay under $300 and a taxpayer’s annual gains from such activity do not top $5,000.Treasury will index the dollar caps…
Pudgy Penguins (PENGU) price has surged by 70% amid ETF filing and Revolut listing. A renowned analyst has compared PENGU’s breakout to PEPE’s past rally. Strong support and rising volume signal bullish momentum for PENGU. Pudgy Penguins (PENGU) is capturing the attention of crypto traders after an explosive move that echoes PEPE’s iconic breakout last year. In just one week, PENGU surged more than 70%, climbing to a two-month high of $0.0163 and overtaking established meme tokens like WIF, FLOKI, and BRETT in market cap rankings. This unexpected rise, now positioning PENGU as the eighth-largest meme coin and 94th overall…
Author Jimmy Aki Author Jimmy Aki About Author Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news… Share Last updated: July 3, 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…
On July 3, UAE law enforcement arrested Ildar Ilham (AKA @XBT_Prometheus), the founder of WhiteRock_Fi, for his alleged role in the $30 million ZKasino exit scam. (Source: ZachXBT) The arrest comes after investors accused the platform of fraud, claiming their funds disappeared when ZKasion suddenly shut down. Authorities are now investigating the case as a suspected large-scale cryptocurrency scam. UAE authorities have notified the Netherlands about the arrest of a 21-year-old Norwegian man linked to a major fraud case. The suspect, wanted internationally, is accused of involvement in a large-scale scam linked to the online gambling platform ZKasino. $30 Million…
