News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Share link:In this post: XRP drops 4% after failing to sustain a breakout above $2.50, with support at $2.30. The RSI remains neutral as market uncertainty continues. Key US inflation reports this week, including CPI and PPI, may influence Fed policy and impact high-risk assets like crypto. Bitcoin and gold broke their inverse relationship with the S&P 500, while the insurance stock fall due to LA wildfire losses could boost crypto interest.
Solana's price is down 20% this week, facing strong bearish momentum. While supports are under threat, a potential rebound could aim for $203.
Bitcoin offset its meagre inflation with massive increase while US DXY increased by just 12% with compound inflation hitting 20%.
MicroStrategy has purchased another 2,530 BTC for approximately $243 million at an average price of $95,972 per bitcoin.The latest acquisitions follow the sale of MicroStrategy shares equivalent to the same amount.
It still needs to consolidate for a while to form a structure resembling a relative bottom.
- 00:47Metaplanet CEO Participates in Acquisition of Korean Company SGA, Advancing Asia Crypto Reserve Strategy ExpansionAccording to ChainCatcher, citing a report from Cointelegraph, Simon Gerovich, CEO of Japan’s Bitcoin Reserve, plans to participate in acquiring a controlling stake in SGA, a publicly listed software services company in South Korea. If the deal is finalized, SGA will implement a broader digital asset strategy by acquiring Bitcoin. Although Simon Gerovich is participating as an independent investor rather than on behalf of the company, this move aligns with the company’s growing Bitcoin reserve strategy. The acquisition is part of a broader effort to accelerate the adoption of Bitcoin strategies among Asian enterprises, transforming traditional companies into Bitcoin-linked entities through such transactions, and positioning companies like SGA as vehicles for Bitcoin investment in regional capital markets. Yesterday, the company announced the purchase of 797 BTC at approximately $117,451 per Bitcoin, with a total transaction value of about $93.6 million, and has achieved a 435.9% return on Bitcoin so far in 2025. As of July 14, 2025, the company holds a total of 16,352 BTC, with a cumulative purchase cost of approximately $1.64 billion and an average purchase price of about $100,191 per Bitcoin.
- 00:29NVIDIA CEO Jensen Huang to Attend the Third Chain ExpoAccording to ChainCatcher, Jinshi Data reports that the China Council for the Promotion of International Trade (CCPIT) has announced that, at their invitation, Jensen Huang, founder and CEO of NVIDIA, will attend the opening ceremony of the 3rd China International Supply Chain Expo on July 16 and participate in related events. This marks Jensen Huang’s third visit to China this year.
- 00:28CLARITY Act to be voted on Wednesday, GENIUS Act scheduled for Thursday morning voteAccording to a report by Jinse Finance, industry insiders have revealed that the preliminary schedule for the US House of Representatives' "Crypto Week" includes a vote on the CLARITY Act (the Digital Asset Market Clarity Act) on Wednesday, and a vote on the GENIUS Act (the US Stablecoin Guidance and Innovation Act) on Thursday morning. The US Congress is expected to advance crypto legislation to unprecedented heights, and the crypto industry has gained greater support among lawmakers.