Author: Ibrahim Abdulaziz Adan

The SEC delayed Fidelity’s Solana ETF approval again and opened a public comment period.  New regulatory guidelines require crypto ETF providers to explain risks and custody structures in plain English.  The approval process may speed up in the future, but altcoin ETFs still face significant regulatory hurdles. The Securities and Exchange Commission has postponed its decision on Fidelity’s proposed Solana exchange-traded fund, marking another setback for cryptocurrency ETF approvals. The regulatory body confirmed the delay on July 7, 2025, extending the review period for the filing submitted by Cboe BZX Exchange. The SEC announcement triggers a formal review process that…

XRP Ledger launched its EVM-compatible sidechain on June 30, and developers deployed nearly 1,400 smart contracts in the first week. The platform processes up to 1,000 transactions per second with 3.4-second block times while using XRP for gas fees. Twenty-five independent companies run validator nodes, and the network supports cross-chain applications through partnerships with Wormhole and Axelar Network. The XRP Ledger (XRPL) has achieved a significant milestone with the launch of its Ethereum Virtual Machine (EVM)-compatible sidechain on June 30. The new infrastructure has demonstrated immediate market appeal, recording nearly 1,400 smart contract deployments within its inaugural week of operation.…

An anonymous whale burned over 1 billion SHIB tokens in one transaction, pushing the burn rate up by 116,757%.  The massive burn caused the SHIB price to jump 2.3% after an earlier decline that same day.  Community burns through ShibTorch have removed over 1.3 billion tokens from circulation as part of the project’s deflationary strategy. A massive token burn transaction has sent shockwaves through the Shiba Inu community. An anonymous whale burned over 1 billion SHIB tokens in a single transaction, marking the largest individual burn in the project’s history. The transaction pushed the burn rate up by an extraordinary…

Ripple CEO Brad Garlinghouse will testify at a Senate Banking Committee hearing on July 9 about digital asset regulation and XRP’s classification as a commodity or security. Ripple recently ended its legal battle with the SEC after winning a court ruling that XRP on secondary exchanges is not an unregistered security. XRP rallied to $2.28 before the hearing, and a commodity classification could boost chances for a spot ETF approval. The US Senate Banking, Housing, and Urban Affairs Committee will convene on Wednesday, July 9, at 10 a.m. ET for a pivotal hearing on digital asset regulation. The “From Wall…

Pi Network will unlock 318 million tokens in July 2025, representing the largest release until December 2027. The cryptocurrency trades at $0.492 but faces strong downward pressure from increased supply hitting the market. Technical analysis shows Pi Network remains below key moving averages, and a break below $0.48 could trigger further selling toward $0.38. Pi Network’s price is crucial as the cryptocurrency trades at $0.492 on July 7, 2025, down significantly from its May highs. The digital asset faces mounting pressure from an upcoming token unlocks that could trigger substantial selling pressure across the market. Massive Token Unlock Threatens Price…

Ethereum ETFs recorded $510 million in positive flows over two weeks, and institutional demand continues growing steadily. ETH supply on exchanges hit eight-year lows at 13.5% while large holders accumulated 700,000 more ETH since May. Technical analysis shows ETH trading below key resistance at $2,80,0, but MVRV bands suggest room to rally toward $5,000. Ethereum’s price action has captured significant attention following a remarkable rally that saw ETH surge over 100% from multimonth lows below $1,400 in April to peaks near $2,800. Despite trading within a tight $400 range for nearly eight weeks during the summer, multiple technical and fundamental…

XRP trades at $2.27 with a 9.6% year-to-date gain, while RLUSD stablecoin surged 815% in market cap.  Technical analysis shows a falling wedge pattern that could push XRP to $4 with a potential 70% rally.  RLUSD’s growth toward a $1 billion market cap and increasing bank adoption may trigger XRP’s next major price breakout. XRP has posted a 9.6% gain year-to-date, currently trading at $2.27 as of July 7, 2025. The token’s performance coincides with remarkable growth in Ripple’s RLUSD stablecoin, which has surged over 815% in market capitalization during the same period. Technical analysts suggest this momentum could propel…

Jetking Infotrain became India’s first publicly traded company to adopt Bitcoin as its primary treasury asset, and its stock price surged over 200% in one year.  The company allocated more than 26% of its market cap to Bitcoin investments and currently holds multiple Bitcoins on its balance sheet.  Other Indian companies may follow this strategy once the country establishes clearer cryptocurrency regulations. Indian IT training company Jetking Infotrain has emerged as a trailblazer in the cryptocurrency space, becoming the country’s first publicly traded firm to adopt Bitcoin as its primary treasury reserve asset. The company allocated over 26% of its…

Trump imposed 25% tariffs on Japan and South Korea starting August 1.  Bitcoin dropped below $108,000 and remains under pressure from the trade tensions.  More tariff letters are expected for other countries before the July 9 deadline. President Donald Trump announced 25% tariffs on goods from Japan and South Korea, effective August 1, 2025. The announcement came through posts on Truth Social, where Trump emphasized unfair trade practices. US stocks fell Monday following the tariff announcement, with Wall Street’s main indexes declining. The tariff decision comes ahead of the July 9 trade deadline that Trump had previously established. The United…

Ethereum investment products received $226 million in weekly inflows and maintained an 11-week positive streak. The relative investment rate of 1.6% doubled Bitcoin’s 0.8% rate during the same period. Total crypto investment products hit record highs with $1.04 billion in weekly inflows and $188.16 billion in total assets under management. US funds dominated global flows with $1.02 billion, iShares led providers to $436 million in weekly inflows, and Grayscale saw $46 million in outflows. Institutional investors redirect significant capital toward Ethereum investment products, marking a notable change in cryptocurrency market dynamics. Recent data reveals Ethereum funds attracted $226 million in…