On New York’s Comex, copper prices fell sharply after Chile’s finance minister said he’d ask Washington to exempt his country from the new levy. At the same time, U.S. phone shipments in Q2 rose by just 1%. At its weakest, Comex copper dropped as much as 6.2% to $5.4265 per pound before recovering some losses. […] Source: cryptopolitan.com (Read Full Article)
Democratic senator pushes Musk to block Starlink access to crime groups scamming Americans
A Democratic U.S. senator has called on Elon Musk to take urgent action to prevent transnational criminal organizations in Southeast Asia from exploiting SpaceX’s Starlink satellite internet service to defraud American citizens. Despite the efforts of the Southeast Asian government, crime rings continue to access the internet via Starlink to pull off their schemes. With […] Source: cryptopolitan.com (Read Full Article)
Crypto on deck? Interactive Brokers explores stablecoin launch
Interactive Brokers joins a number of traditional finance institutions who are considering entering the stablecoin space, including JPMorgan Chase and Citigroup. Source: cointelegraph.com (Read Full Article)
Ethereum Soars on $1.9B Inflows and ETF Optimism as BlackRock and SharpLink Double Down
Ethereum (ETH) is once again at the center of investor attention, pulling in a staggering $1.59 billion in inflows over the past week. This marks the second-largest weekly inflow in Ethereum’s history, amid growing optimism that U.S. regulators will soon approve a spot Ethereum ETF. Overall, digital asset investment products attracted $1.9 billion, marking 15 consecutive weeks of positive flows. Related Reading: Asia’s Bitcoin Giant Metaplanet Adds 780 BTC In Massive Crypto Bet This surge in capital has pushed Ethereum’s price up 62% this month to $3,900, positioning it just below the critical $4,000 breakout level. Ethereum price trends to the upside on the daily chart, following a multi month downtrend. Source: ETHUSD on Tradingview Meanwhile, Bitcoin ETPs faced $175 million in outflows, signaling a capital rotation from BTC to ETH and other altcoins. Analysts point to the passage of the Genius and Clarity Acts in the U.S. as key drivers of this trend, enhancing regulatory clarity for altcoin investment vehicles. BlackRock and SharpLink Boost Ethereum Exposure Institutional investors are doubling down. BlackRock’s iShares Ethereum ETF (ETHA) surged past $10 billion in AUM, becoming the third-fastest-growing ETF globally, while the firm raised its ETH holdings to $10.47 billion, with 100% of its crypto exposure now allocated to Ethereum. Simultaneously, Nasdaq-listed SharpLink Gaming purchased 77,210 ETH worth approximately $295 million, raising its total ETH treasury to over 438,000 ETH. This single purchase surpassed the network’s entire 30-day ETH issuance, underscoring the aggressive accumulation trend among institutions. Technical Indicators and Risks Remain Ethereum’s rally is further supported by bullish technical signals. A “golden cross” pattern emerged, and the MACD shows strong upward momentum, despite an overbought RSI reading of 82.07, a level often associated with potential price pullbacks. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? Solana and XRP also saw inflows of $311 million and $189 million, respectively, while Litecoin and Bitcoin Cash experienced minor outflows. Meanwhile, Ethereum’s on-chain activity surged 288%, reinforcing confidence in the network’s role as the leading smart contract and DeFi platform. As regulatory momentum builds and ETF approval appears within reach, Ethereum’s dominance in institutional portfolios signals a pivotal moment for altcoin adoption—though short-term volatility remains a factor to watch. Cover image from ChatGPT, ETHUSD chart from Tradingview Source: newsbtc.com (Read Full Article)
Trump’s Truth Social Bitcoin ETF among multiple crypto funds delayed by SEC
The SEC delayed decisions on the Truth Social Bitcoin ETF and Grayscale’s Solana Trust, extending review periods as the US Congress moves with crypto regulation. Source: cointelegraph.com (Read Full Article)
Trump’s Truth Social Bitcoin ETF among multiple crypto funds delayed by SEC
The SEC delayed decisions on the Truth Social Bitcoin ETF and Grayscale’s Solana Trust, extending review periods as the US Congress moves with crypto regulation. Source: cointelegraph.com (Read Full Article)
SUI, SOL, and More: $686M Token Unlock Wave Set for This Week
Token unlocks worth $686M across SUI, SOL, and others could impact markets this week as fresh supply enters circulation and BTC stabilizes. Source: cryptopotato.com (Read Full Article)
Crypto exchange Bakkt plans public offering to raise funds for Bitcoin purchases
Bakkt’s public offering could boost institutional Bitcoin adoption, influencing market dynamics and potentially increasing crypto legitimacy. The post Crypto exchange Bakkt plans public offering to raise funds for Bitcoin purchases appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
Bitcoin (BTC) Price Could Double in 2025, But This Altcoin May 20x
As Bitcoin (BTC) eyes a potential price surge that could see it double in 2025, a new player, Mutuum Finance (MUTM), is quietly stealing the spotlight with forecasts hinting at 20x rally. Market analysts are watching BTC’s steady climb closely, but it’s Mutuum Finance’s disruptive approach to decentralized lending and cross-chain liquidity that’s fueling whispers […] Source: partner.cryptopolitan.com (Read Full Article)
S&P 500 ended flat Monday as traders ignored the new EU-U.S. trade deal
The S&P 500 closed Monday basically unchanged at 6,389.77, up just 0.02%, as U.S. traders ignored the new trade agreement between the Trump administration and the European Union and instead focused on a week stacked with bigger market drivers. According to data from CNBC, the index touched a new all-time high right after the open […] Source: cryptopolitan.com (Read Full Article)