UToday

Polymarket data shows increased likelihood of XRP ETF approval by SEC in 2025. Odds of approval by end of July currently stand at 52%. XRP rallied to record high amid rumors of US creating reserve with basket of American coins. SEC expected to drop some non-fraud crypto enforcement cases.

MicroStrategy CEO Michael Saylor reaffirms his conviction in Bitcoin's position as the dominant digital asset, stating that no other cryptocurrency can measure up to its role as a digital powerhouse. Saylor's comments come amidst a buzzing crypto market and increasing attention to Bitcoin's competitors, but he remains focused on the long-term potential of Bitcoin, asserting that it stands alone and doesn't require comparison to other assets.

Blockchain network Meter introduces Supernova Core, a Cosmos SDK consensus framework designed to increase efficiency, performance and decentralisation for developers on the Cosmos ecosystem. The framework offers BLS signature aggregation, advanced consensus protocols, and a more efficient network communication layer to improve scalability and performance. It also supports parallel EVM execution and an optimised database to enhance performance further and offer better potential for Ethereum-Cosmos cross-chain development.

Renowned trader Peter Brandt predicts a "grand bull market" for Cardano (ADA), based on his technical analysis of ADA's price charts. Brandt's tweet hints at the possibility of a broader rally in alternative cryptocurrencies, referred to as altcoins. The confirmation of a bullish double-bottom base pattern could drive ADA's price higher in the coming days, with positive momentum on the broader crypto market providing a strong tailwind for ADA and other altcoins. The price of ADA is currently up 2.30% in the last 24 hours to $1.08, and up 20.44% in the past week.

Cryptocurrency liquidations hit $372m in 24 hours; short position traders were most affected as Bitcoin rallied past $100k resistance level, resulting in an altcoin rally. Short-position traders accounted for over half of the liquidation figures, with Ethereum and XRP also experiencing sell-offs. Market watchers are closely monitoring the situation to see how long bullish sentiment will last.

Aurora Labs has launched Aurora Cloud Console, a self-serve, zero-cost, no-code blockchain platform that enables developers and businesses to deploy, customize and manage their own blockchains interoperable with Ethereum Virtual Machine (EVM). It simplifies blockchain deployment and makes chain ownership affordable for projects of all sizes, tech backgrounds and potential userbase counts. Aurora Virtual Chains support large transaction volumes while facilitating cross-chain value transfers and interoperability for a connected and robust ecosystem.

Bitcoin creator Satoshi Nakamoto suggested getting some Bitcoin in case it caught on 16 years ago when it was valued at $0. Over time, Bitcoin has established itself as a cornerstone of the cryptocurrency sector, reaching a market valuation of $1.96tn. The cryptocurrency hit an all-time high of $108,268 on Dec. 17, 2024, and is currently trading at $99,332. In financial news, Bitcoin's recent rise past $100,000 was spurred by reports of US inflation data, leading to bets on further interest-rate cuts by the Federal Reserve.

Cardano's (ADA) price has surged beyond $1 as whales collectively bought up 30 million ADA, signaling bullish sentiment. Increased activity of large holders could create a positive momentum that attracts more investors and pushes the price up even further. Technical indicators suggest that if the current momentum is sustained, ADA's price could target $1.32 as it moves towards the $2 range. RSI levels also favor ADA's climb, indicating that the coin has not been overbought yet.

Nexo's 2025 roadmap aims to expand its card program, introduce new trading instruments such as futures with 100x leverage, and integrate AI tools for better decision-making. They also plan to enhance their credit line and B2B offerings while growing their global brand visibility.

CryptoQuant predicts Bitcoin's price could soar to $249,000, taking its market cap to $4.969tn. The analyst cites a pro-crypto administration, the potential for interest rate reductions, and 2024's end to the four-year price cycle as key growth drivers. As altcoins take advantage of their correlation with Bitcoin, XRP jumped over the $3 mark despite SEC filing an appeal in the Ripple lawsuit, and Litecoin has seen new bullish trends on Bitcoin correlation and internal fundamentals.

Cardano founder Charles Hoskinson praised the resilience of the XRP community in facing the SEC lawsuit and delistings, calling them "a great example." Hoskinson also had kind words about Ripple CTO David Schwartz, saying he's "super smart" and "passionate." Ripple CEO Brad Garlinghouse, on the other hand, criticized the SEC's persistence in appealing their case against Ripple.