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The cryptocurrency market extended its recovery this week, although momentum was noticeably weaker than during the previous surge. Bitcoin is trading near 79,600.00–80,000.00, Ethereum remains around 2,500.00, BNB is holding close to 706.00–710.00, while XRP has pulled back towards 1.42. Tether remains stable near 1.0000.
A fresh wave of sell-offs swept the cryptocurrency market Sunday morning, pushing Bitcoin below the $99,142 mark for the first time since early May. Ethereum tumbled 10% in 24 hours, and leading altcoins like Solana, XRP, and Dogecoin slid to two-month lows. The panic was triggered by a dramatic escalation in Middle East conflict: after President Donald Trump announced a series of airstrikes on three Iranian nuclear sites (Operation Midnight Hammer), markets responded with mass liquidations.
On Sunday morning, the cryptocurrency market suffered a sharp downturn following U.S. President Donald Trump’s order for airstrikes on three Iranian nuclear facilities. The escalation in Middle East tensions triggered a wave of liquidations across major derivatives exchanges, totaling $701 million, and sent leading cryptocurrencies tumbling.
Police in Jasper County, Texas, have successfully recovered $25,000 that local residents almost lost to phone scammers threatening “legal action” and demanding payment via a bitcoin ATM. The rapid response by law enforcement not only saved the family’s funds but also highlighted the growing challenge of crypto-related fraud in the region.
SoftBank founder Masayoshi Son is in advanced discussions with TSMC, Samsung, and U.S. officials to launch Project Crystal Land, an industrial complex in Arizona that could become the largest AI and robotics hub in America.
TikTok has officially denied claims that its owners purchased the OFFICIAL TRUMP (TRUMP) memecoin as an attempt to bribe U.S. President Donald Trump. The statement was released in response to accusations from Congressman Brad Sherman, who alleged that Chinese interests funneled $300 million into TRUMP tokens, supposedly linked to an effort by GD Culture Group—a company reportedly associated with ByteDance—to sway the White House.
The Securities and Exchange Commission (SEC) of Thailand has launched a public consultation on proposed rules that would enable crypto exchanges to list their own issued tokens, provided enhanced transparency and disclosure requirements are met. The consultation, part of the country’s strategy to develop its digital economy and position Thailand as an international crypto hub, will remain open until July 21, 2025.
Alchemy Pay, a global payment solutions provider, has announced plans to launch its own blockchain, Alchemy Chain, specifically designed to process stablecoin payments—including both global (USDT, USDC) and regional (EURC, MBRL) stablecoins. The mainnet rollout is scheduled for Q4 2025, with the subsequent release of a proprietary stablecoin, the name and technical details of which remain undisclosed.
U.S. Treasury Secretary Scott Bessent has dismissed concerns about the U.S. dollar losing its global reserve currency status, arguing instead that the rapid growth of cryptocurrencies and stablecoins could actually reinforce the dollar’s role in the international financial system. According to Bessent, the adoption of stablecoins not only supports global dollar usage but positions these digital assets as major buyers of U.S. government bonds in the near future.
The Republic of Nauru has taken a pioneering step in the Pacific, establishing the Command Ridge Virtual Assets Authority (CRVAA)—the region’s first dedicated regulator for virtual assets, digital banking, and Web3 innovation. This move positions Nauru as the initial Pacific state with an independent body overseeing the fast-evolving digital asset space.
On June 18, 2025, the U.S. Federal Open Market Committee (FOMC) concluded its latest policy meeting, deciding once again to leave the federal funds rate unchanged at 4.25–4.5%.
Hong Kong-listed Lion Group has announced the acquisition of a $600 million credit facility from ATW Partners, aimed at launching a substantial digital asset treasury. This move underlines the group's intent to bolster its presence within the decentralized finance (DeFi) landscape and further diversify its balance sheet with next-generation crypto assets.
Anthony Scaramucci, founder of SkyBridge Capital, has delivered a pointed critique of companies issuing bonds to purchase Bitcoin. Describing the trend as a “passing fashion,” Scaramucci warned that this wave of debt-funded accumulation could ultimately harm both the companies involved and Bitcoin’s broader reputation. His comments—delivered at the DigiAssets 2025 conference—underscore mounting concerns over the sustainability of leveraged corporate Bitcoin strategies.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.