🌅 Crypto Markets Roil as Bulls Rally, Scandals Erupt, and Altcoin Battles Intensify
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Cardano volume jumps 40% as bullish buzz builds. PSG buys Bitcoin before UCL final. Sui holders approve $162M plan, while SHIB sinks. ETH shows strength with futures growth. Bitcoin dips below $105K, but signs point to a strong reversal ahead. ✨We’ll now walk through:
🔖 Market Trends and Price Movements:
🔹Cardano (ADA) saw a 40.66% surge in volume, reaching $1.85B, reflecting strong bullish sentiment (Source).
🔹Sui’s $3.40 support held firm as the community approved a $162M recovery plan (Source).
🔹XRP’s bullish candle formation hints at a potential price rise to $22 (Source).
🔹Ethereum’s futures data and network growth support its price strength (Source).
🔖 Bitcoin and Macro Developments:
🔹PSG Club accumulated Bitcoin before the Champions League final, signaling rising adoption (Source).
🔹NYC Comptroller rejected Mayor Adams’s idea of Bitcoin-backed bonds (Source).
🔹Bitcoin’s price dipped below $105,000, causing a $644M market shakeout (Source).
🔹On-chain data suggests Bitcoin’s upward momentum is likely to continue (Source).
🔖 Regulatory and Political Moves:
🔹Nigel Farage pledged to cut crypto capital gains and push for a UK Bitcoin reserve (Source).
🔹Analysts hint that rare ETH and SOL staking ETFs could launch soon (Source).
🔹Charles Edwards predicts Bitcoin will soar while altcoins lag behind (Source).
🔹Stocks and crypto slipped as Trump accused China of trade violations (Source).
🔖 Altcoins and Community Updates:
🔹SHIB’s open interest dropped 24.59% in one day, signaling bearish trends (Source).
🔹Shiba Inu may add another zero, while Ethereum seems trapped and Bitcoin signals a reversal (Source).
🔹RWA tokenization is emerging as a hot trend, with Kaanch Network gaining attention (Source).
🔹Bored Ape Yacht Club’s creator sold Moonbirds IP to a gaming startup (Source).
🔖 Security, Sustainability, and Industry Events:
🔹A massive data breach exposed 184M usernames and passwords across major platforms (Source).
🔹Bitcoin has reached the 50% renewable energy mark, drawing reactions from Ripple’s chairman (Source).
🔹Peter Schiff criticized the Bitcoin 2025 conference crowd, calling them “bag holders” (Source).
🔹Crypto bulls remain optimistic despite recent volatility (Source).