Author: Ibrahim Abdulaziz Adan

Hyperliquid achieved a record $10.6 billion in open interest, and this milestone shows growing trader confidence in the decentralized exchange platform. HYPE token reached a new all-time high of $47 with 30% weekly gain,s and the token now ranks 12th by market capitalization. Bybit’s recent spot listing expanded HYPE’s liquidity channels, and traders now speculate about a potential $100 price target. Hyperliquid has achieved a significant milestone in the decentralized finance sector, recording over $10.6 billion in open interest. This represents the highest figure in the platform’s history and demonstrates growing trader confidence in the decentralized perpetuals exchange. The surge…

BlockFi settled a $35 million crypto dispute with the DOJ, and the case was dismissed permanently. The DOJ wanted to seize funds from Estonian citizens’ accounts, but both parties reached an agreement. BlockFi owes $10 billion to creditors and settled $875 million with FTX after its 2022 bankruptcy. The administrator managing BlockFi’s bankruptcy proceedings has resolved a significant legal dispute with the US Department of Justice (DOJ) regarding transferring $35 million in cryptocurrency assets. Judge Michael B. Kaplan of the US Bankruptcy Court for the District of New Jersey approved the settlement agreement on Friday. The settlement brings closure to…

Beijing promotes Chang’an Chain as a national blockchain infrastructure that processes over 100,000 transactions per second and powers China’s real estate registration system.  Chinese researchers developed quantum-resistant blockchain technology to protect against future security threats from quantum computing advances.  China strictly separates blockchain development and cryptocurrency activities, while Hong Kong embraces crypto regulations. Beijing has intensified promotion of Chang’an Chain, positioning the domestically developed blockchain platform as critical infrastructure for China’s digital sovereignty strategy. State media outlets highlight the technology’s role in national digitization efforts while maintaining a clear separation from cryptocurrency applications. State-Backed Blockchain Reaches Commercial Scale Chang’an Chain…

XRP hit a four-month high of $2.77; South Korea accounts for 22% of global trading volume.  Upbit exchange leads with $2.08 billion in daily XRP trading and recorded $571 million in net inflows.  After Tether dominated the market, the Korean Won became the second-largest fiat currency for XRP trading. XRP has experienced a significant price rally, reaching a four-month high of $2.77 after briefly touching $2.96 during Friday’s trading session. South Korea has emerged as a crucial market driver behind this momentum, with Korean Won (KRW) trading pairs accounting for nearly 22% of global XRP volume. According to analyst Egrag…

ProShares will launch its XRP ETF on July 18, which matches with Crypto Week in Washington, D.C.  Several companies are launching XRP ETFs, and Teucrium’s leveraged product has already gained 55% this week.  The SEC may drop its Ripple appeal soon, and these developments could boost XRP prices for institutional investors. ProShares has confirmed July 18, 2025, as the official launch date for its XRP ETF. The asset manager filed an amendment under Rule 485(b)(1)(iii) to establish the effective date. The fund previously appeared on the DTCC platform, signaling regulatory approval for trading. The timing aligns with Crypto Week, scheduled…

FHFA Director William Pulte claims Jerome Powell is considering resignation, which would benefit America’s economy.  President Trump wants Powell to resign immediately so he can appoint a new Fed Chair who will cut interest rates by 300 basis points.  Bitcoin rose to $118,000 on the resignation news while the S&P 500 fell 0.3% as markets react to potential Fed leadership changes. Federal Reserve Chair Jerome Powell faces mounting pressure to step down as reports emerge suggesting he may be considering resignation. FHFA Director William Pulte said, “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will…

Teucrium’s XXRP ETF hit $120 million daily volume and surged 27% to $42.04 with 55% weekly gains.  XRP jumped 11.6% to $2.78 and reached $164.59 billion market cap with a 203% volume increase.  BlackRock ETF speculation and Peter Brandt’s technical breakout predictions drive massive investor interest. Teucrium’s double-leverage XRP ETF (XXRP) has shattered expectations with $120 million in single-day trading volume. This explosive surge represents more than four times the fund’s typical daily activity, signaling unprecedented investor interest in leveraged XRP exposure. The ETF posted remarkable gains of 27% during the trading session, pushing XXRP to $42.04. Weekly performance shows…

SharpLink Gaming bought 31,487 ETH worth $90 million, and its stock jumped 63% in one week.  BlackRock’s Ethereum ETF pulled in $761 million this week and now holds over 2 million ETH.  The institutional buying pushed Ethereum up 15%, and future open interest hit $41 billion. The corporate race for Ethereum accumulation has reached new heights as major institutional players aggressively secure significant ETH positions. This week marked a turning point in institutional crypto adoption, with multiple companies announcing substantial treasury strategies. SharpLink Gaming Emerges as Ethereum’s New Corporate Champion SharpLink Gaming (NASDAQ: SBET) has positioned itself as a major…

House Democrats Waters and Lynch launched “Anti-Crypto Corruption Week” to block three GOP crypto bills next week.  They claim the legislation would legitimize Trump’s crypto activities and lack consumer protections.  The GENIUS Act has already passed the Senate and needs only House approval to reach the president’s desk. House Democrats Maxine Waters and Stephen Lynch have announced “Anti-Crypto Corruption Week” to oppose three cryptocurrency bills scheduled for House consideration next week. The initiative directly counters the Republican-led “Crypto Week” planned for July 14-18, which aims to advance the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act. Waters, the ranking…

Arthur Hayes turns bullish, foreseeing a major altcoin rally fueled by liquidity shifts. Ethereum eyes $10K as Hayes cites growing adoption and strong institutional inflows. Stablecoin liquidity could unlock $6.8T, boosting crypto markets and DeFi expansion. The cryptocurrency space is once again buzzing with optimism as BitMEX co-founder Arthur Hayes turns decisively bullish. After expressing caution, Hayes anticipates a massive altcoin rally on the horizon.  With Bitcoin recently smashing past its all-time highs and Ethereum gaining significant momentum, Hayes believes the stage is set for an explosive altcoin season.  His renewed confidence stems from current market strength, macroeconomic trends, and…