🏛 US SEC May Slash Crypto ETF Listing Time to Just 75 Days 📊

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📈 Bitcoin ETFs Surge Back with $408 Million Inflow

💪 Bitcoin exchange-traded funds (ETFs) made a strong comeback with a net inflow of $408 million on July 2, reversing the previous day's outflow. This rebound highlights increased investor confidence in the market. Fidelity’s FBTC led the inflows with $183.96 million, followed by Ark 21Shares’ ARKB with $83 million and Bitwise’s BITB adding $64.94 million. Other contributors included Grayscale’s GBTC ($34.56 million), Bitcoin Mini Trust ($16.53 million), and several others, bringing the total traded value to $5.22 billion and net assets to $136.68 billion.

📉 In contrast, ether ETFs experienced a slight dip with a minor outflow of $1.82 million. Despite positive inflows from Fidelity’s FETH ($25.80 million), Bitwise’s ETHW ($8.33 million), and others, a significant outflow from Blackrock’s ETHA ($46.89 million) pulled the segment into negative territory. The total value traded for ether ETFs remained stable at $832.10 million with net assets at $10.69 billion.

🔄 Overall, Bitcoin ETFs have clearly recovered from recent setbacks, while ether ETFs show resilience but may require closer management to sustain their growth.

🟢 XRP Market Analysis: July 5, 2025

📈 On July 5, XRP is trading at $2.22 with a market cap of $131 billion and a 24-hour trading volume of $1.33 billion. The asset has shown low volatility recently, trading within a narrow range of $2.20 to $2.24 for the day and $2.17 to $2.30 for the week.

🔄 The 1-hour chart indicates a consolidation phase for XRP, with prices fluctuating between $2.196 and $2.26. This horizontal movement suggests a potential breakout soon. Traders might consider scalping strategies by buying near $2.20 and selling near $2.26. A breakout above $2.26 would signal bullish momentum, while a drop below $2.196 could lead to a bearish trend.

⚠️ The 4-hour chart presents a more cautious view. XRP is showing signs of short-term weakness and forming a rounded top pattern between $2.147 and $2.327. Increased selling pressure and declining volume suggest buyer fatigue. For directional trades, a move above $2.26–$2.28 with confirmed volume would support a long entry. Conversely, a breakdown below $2.21 with rising sell volume could validate a short setup targeting the $2.15–$2.18 zone.

📊 Despite the short-term consolidation, the daily chart remains structurally bullish. After a downtrend in mid-June, XRP rebounded from a local low of $1.908 and stabilized above $2.20. Bullish engulfing candles near the $1.90–$2.00 support region indicate buying interest. Resistance is forming at $2.30–$2.34; a break above this level may lead to retests of $2.34 and higher, depending on volume confirmation.

⚖️ Oscillators across multiple time frames show neutrality, indicating market indecision. The Relative Strength Index (RSI) is at 52.45, and the Average Directional Index (ADX) reads 12.50, confirming a weak trend. While the Awesome Oscillator remains neutral, the Momentum indicator signals a buy, as does the Moving Average Convergence Divergence (MACD) level. However, the Stochastic Relative Strength Index indicates an overbought condition, suggesting possible short-term exhaustion.

📉 Moving averages present a mixed picture. Short-term averages signal bullish actions, while longer-term indicators show mixed signals. This divergence suggests that while short-to-mid-term momentum favors bulls, broader resistance levels should be monitored closely.

✅ Bull Verdict: XRP maintains a bullish structure on the daily chart, supported by positive momentum indicators. A breakout above the $2.30 resistance zone could propel the asset toward $2.34 and potentially higher.

❌ Bear Verdict: Despite macro strength, signs of fading volume and overbought oscillators raise caution. A decisive breakdown below $2.20 could signal a short-term reversal toward $2.15, exposing XRP to further downside risk.

🚨 Crypto Week: Trump Admin Gears Up for July 22 Digital Assets Report; Is a Strategic Bitcoin Reserve Ahead? 🌐

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🌍 BBVA Launches Cryptocurrency Services for Retail Customers in Spain

💱 Banco Bilbao Vizcaya Argentaria (BBVA) has recently introduced a cryptocurrency trading and custody service for retail customers in Spain. This new feature, which is fully integrated into the BBVA mobile app, allows users of legal age to buy, sell, and hold bitcoin and ether directly from their mobile devices. A company representative emphasized the bank's commitment to providing a seamless digital experience for its customers.

🛡 The service is entirely client-initiated, meaning that no investment advice is offered by the bank. This approach aligns with emerging EU regulations, specifically the European Regulation on Markets in Crypto-Assets (MiCA), which governs the provision of crypto-asset services within the European Union and aims to protect investors. BBVA stated,

The initiative is aligned with the European Regulation on Markets in Crypto-Assets (MiCA),

highlighting the importance of maintaining investor protections while engaging with the crypto market.

🌐 This launch in Spain follows BBVA's previous expansions into digital assets in Switzerland in 2021 and Turkey in 2023, broadening access from private clients to a wider retail user base. The bank's decade-long investment in blockchain infrastructure has supported this growth. BBVA began offering crypto services to high-net-worth clients in Switzerland before adding ether and stablecoins like USDC. Its Turkish division has also implemented a comprehensive crypto offering.

📈 Francisco Maroto, BBVA’s head of digital assets, stated,

Following this launch in Spain, BBVA has added another country to its digital assets service… Our aim is to offer the best investment and transaction-based solutions to our customers.

This launch reflects BBVA’s ongoing focus on digital transformation while striving to manage risks through a regulated framework.

🌐 DePINs: A Game Changer for Telecom Coverage and Consumer Trust

📈 The decentralized physical infrastructure network (DePIN) market is projected to reach a staggering $3.5 trillion by 2028, up from its current estimated value of $30 billion to $50 billion. This growth is largely driven by the rise of decentralized physical artificial intelligence (DePAI), which represents a "fundamental shift" in how AI interacts with physical infrastructure. Unlike traditional models, DePAI utilizes community-owned networks where users contribute to machine learning, eliminating the bottleneck of centralized datasets.

🌍 World Mobile, a leading DePIN, has made significant progress in Africa and Asia and is now set for an accelerated rollout in the U.S. The company's recent data shows promising growth dynamics, surpassing the 40,000 airnodes threshold and experiencing a nearly 4,000% increase in total revenue to $7.2 million. Mickey Watkins, founder and CEO of World Mobile, emphasized the company's mission to address "blackspots" in telecommunications coverage, stating,

The so-called mature U.S. telco market still leaves over 11% of the country completely unconnected.

📉 Consumer trust in major U.S. carriers like Verizon, AT&T, and T-Mobile is declining. A recent report revealed that Verizon experienced its "worst result on record" with a net loss of 289,000 postpaid phone customers. Meanwhile, cable companies and Mobile Virtual Network Operators (MVNOs) like Spectrum and Comcast are gaining ground by attracting more new phone customers than the three major carriers combined. This shift indicates that consumers are not just switching between traditional carriers but are increasingly looking for alternatives outside the conventional model.

💰 Watkins highlighted the economic pressures driving this trend. He noted that "people want new ways to earn" and pointed to the success of the sharing economy with platforms like Uber and Airbnb. World Mobile's AirNode operation aligns with this mindset by allowing individuals to monetize their connectivity. Watkins stated,

If you can earn from your spare room or your car, why not your connectivity?

🔄 World Mobile is accelerating its rollout in the U.S. due to favorable conditions for DePIN. Watkins explained that "people want privacy, ownership, and new income streams" and that the company is making this possible. He also discussed the earthnode buyback program designed to benefit the community by using a portion of the network's revenue to repurchase World Mobile Tokens (WMTx) from the market. This program, which began in May 2023, ensures fairness and transparency through random intervals for subsequent buybacks.

🚨 BlackRock Bitcoin ETF Could Hit $100B This Month, Bloomberg Analyst Predicts 🔮

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💰 Bit Digital Shifts Focus to Ethereum with $67.3 Million Share Offering

🔄 Bit Digital (Nasdaq: BTBT) is making a significant shift towards Ethereum by announcing a direct share offering of $67.3 million, with the proceeds earmarked for further ETH purchases. This move comes as part of the company's strategic pivot away from Bitcoin.

🤝 On Monday, Bit Digital entered into a placement agency agreement with B. Riley Securities to sell 22 million ordinary shares at $3.06 each to select institutional investors. The transaction is expected to close around July 15, pending customary closing conditions.

📈 This is Bit Digital's second capital raise focused on ETH in less than a month. In late June, the company raised $172 million through a public offering of 75 million shares at $2.00 per share, with similar intentions for Ethereum acquisitions.

🔄 Earlier this month, Bit Digital announced a complete transition to an Ethereum-based treasury strategy. This included converting 280 BTC from its balance sheet into ETH and using funds from a previous offering to increase its holdings. As a result, the company's ETH reserves have grown to 100,603 ETH.

🚫 Bit Digital has also revealed plans to wind down its Bitcoin mining operations and reposition itself around Ethereum staking and treasury management. Following the announcement of its full treasury pivot last week, shares of Bit Digital surged by 25%, although they dipped slightly by 1.2% on Monday after the latest capital raise announcement.

🚨 IMF Report: El Salvador's Chivo Wallet Breaches Bitcoin Non-Accumulation Agreement

📰 The International Monetary Fund (IMF) has issued a report highlighting El Salvador's non-compliance with the bitcoin non-accumulation quotas set in its $1.4 billion credit facility deal approved in February. The report points to the Chivo Wallet, the government's official bitcoin wallet, as the primary reason for this breach.

📉 According to the IMF,

Fluctuations in Chivo clients’ deposits denominated in bitcoin and Chivo’s liquidity management policy, which does not adjust to such fluctuations, led to minor breaches in conditionality.

This means that when Chivo Wallet users sell their bitcoin liquidity, the wallet does not sell the actual cryptocurrency, resulting in an increase in bitcoin ownership by the Salvadoran public sector.

🔍 The IMF monitors these disruptions by using signed statements for all hot and cold wallet addresses and their balances, along with a tool to detect daily changes in Chivo Wallet deposits. The report notes that

Corrective actions have been taken to establish a sufficient buffer to mitigate the risk of future breaches prior to the planned sale of Chivo.

📅 El Salvador's authorities have already announced a plan to unwind and/or sell Chivo Wallet this month, along with liquidating Fidebitcoin, a government-created fund for BTC-USD exchange operations. Interestingly, the IMF report does not mention the ongoing bitcoin accumulation program by the Salvadoran government, which has allowed the Bukele administration to continue purchasing bitcoin without impacting the deal.

💰 As of now, the National Bitcoin Office (ONBTC) of El Salvador reports that the nation holds over 6,239 BTC valued at over $740 million.

🚨 Breaking: BitGo Files For U.S. IPO Following Grayscale and Bullish 📢

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🚀 Sequans Communications Expands Bitcoin Holdings

💰 Sequans Communications S.A., a Paris-based IoT semiconductor firm, has recently acquired an additional 1,264 BTC for approximately $150 million. This purchase, made at an average price of $118,659 per coin, brings the company's total bitcoin holdings to 2,317 BTC, valued at around $270 million based on acquisition cost.

📈 This move solidifies Sequans' position as a leading corporate adopter of bitcoin, alongside other notable firms like Strategy and Metaplanet. The company's average purchase price now stands at $116,493 per bitcoin.

💼 Sequans takes a unique approach to funding its BTC purchases, utilizing a combination of equity and debt financing, along with cash from operations and IP monetization. The company views bitcoin not only as a reserve asset but also as a long-term strategic hedge and store of value.

💰 XRP Ledger Revolutionizes Brazil's Private Credit Markets

🌐 Brazil is experiencing a significant transformation in its private credit markets with the introduction of a blockchain-backed infrastructure powered by the XRP Ledger. On July 23, VERT, a securitization and fund management firm, launched a platform designed to streamline private credit workflows. This innovative system records essential transactions and events on-chain, aiming to enhance the speed, security, and transparency of Brazil's capital markets through tokenized digital records.

💵 The platform's inaugural issuance was a BRL 700 million (approximately $130 million) Agribusiness Receivables Certificate (CRA), crucial for funding Brazil's agriculture sector. This transaction not only tokenized cash flows related to agricultural production but also set a precedent for near real-time transparency and traceability. Gabriel Braga, VERT’s Director of Digital Assets, emphasized the importance of detailed event recording for ensuring traceability and transparency.

🔗 Additionally, the solution incorporates the XRPL EVM Sidechain, which provides Ethereum-compatible smart contract functionality for automation and detailed reporting. Silvio Pegado, Ripple’s Managing Director for LATAM, highlighted the broader economic implications, stating that this milestone showcases how blockchain technology can modernize financial markets essential for national growth.

📈 With over $500 million in upcoming operations, VERT aims to expand the platform across various asset classes while adhering to Brazil’s regulatory framework. Proponents believe that tokenized structured credit could play a pivotal role in modernizing capital markets and attracting foreign institutional participation.

🏦 Bitgo Expands into Brazil's Crypto Market

🌍 Bitgo, a U.S.-based cryptocurrency custody provider, has announced the opening of a local office in Brazil to target banks entering the cryptocurrency sector. The company aims to acquire customers from the banking industry and will offer insurance options for clients using their own solutions.

🗣 Luis Ayala, Bitgo’s director for Latam, emphasized the importance of local presence due to unclear cryptocurrency regulations in Brazil. He stated,

We wanted to be a more local player, accepting payments in reais and having invoices directly in the country.

🤝 Rather than competing with banks, Bitgo seeks to integrate into their business models by providing complementary solutions. Ayala explained,

Our process also includes insurance for banks’ local custody operations. We don’t want to compete with these banks’ custody market, but we want to be partners to help them do this clearly and securely.

🌐 Bitgo already operates in Brazil with over 25 customers and has custody services in various locations including South Dakota, New York, Germany, Denmark, Switzerland, Dubai, and Singapore. The company will also offer crypto-centric solutions for exchanges and other crypto-first companies, such as staking.

⚖️ Bitgo's local offerings provide an alternative to similar services from Fireblocks, an Israeli company also operating in Brazil, which is currently preparing for a public listing.

🇺🇸 Trump International Golf Links: A New Era for Golf and Digital Finance

🏌️‍♂️ U.S. President Donald Trump has officially inaugurated the Trump International Golf Links course in Aberdeen, Scotland. This course is set to host the inaugural Nexo Championship from August 7 to 10, 2025.

🤝 The event signifies a merger between digital finance and global golf. Nexo co-founders Antoni Trenchev and Kosta Kantchev were present, along with Scottish First Minister John Swinney. During a lunch with President Trump, they discussed the future of sports and the increasing role of digital finance in the economy.

🏆 The Nexo Championship is part of Nexo’s larger strategy to combine sports and technology. The company also collaborates with six prestigious events on the DP World Tour calendar. This new course and championship are anticipated to boost Scotland’s golf tourism, which generates over $400 million annually.

📅 vEarlier in April, Nexo announced its re-entry into the U.S. market at an exclusive business event featuring Donald Trump Jr.

🚨 JPMorgan's 'Operation Chokepoint 3.0': A Threat to Crypto and Fintech

💼 A general partner at Andreessen Horowitz, a leading venture capital firm, has raised concerns about JPMorgan's recent banking practices that may undermine the crypto and fintech sectors. Despite CEO Jamie Dimon's recent endorsement of stablecoins, Alex Rampell claims the bank is overcharging these firms for access to essential banking services.

💰 In a newsletter, Rampell stated,

The banks are aiming to implement their own Chokepoint 3.0, charging insanely high fees to access data or move money to crypto and fintech apps.

He further expressed concern about the bank potentially blocking access to crypto and fintech applications that they disapprove of.

📰 This situation echoes the previous Operation Choke Point 2.0, which was an alleged effort by the Biden administration to undermine the crypto industry through debanking. However, Rampell emphasizes that JPMorgan's actions are not government-driven but rather a direct initiative by the bank. He urged the Trump administration to intervene, stating,

We don’t need a new law. We just need the administration to prevent this callous and manipulative attempt to kill competition and consumer choice.

📊 Rampell pointed to a recent article highlighting JPMorgan's shift in handling data requests from tech companies as evidence of the bank's malicious intent. This change could significantly impact payment and crypto apps like Venmo and Coinbase, which rely on free data transfers from user bank accounts. He warned,

If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account, maybe fewer people will do it.

📅 JPMorgan has already updated its fee schedules for data aggregators, with new fees set to take effect later this year. While Dimon argues that

third parties should compensate banks for access to their systems

, Rampell believes the bank's true aim is to suppress competition. He cautioned,

Make no mistake: this isn’t about a new revenue stream. It’s about strangling competition. And if they get away with this, every bank will follow.