Cryptonews

This purchase is a step in the right direction for Ondo. The company has intentions to introduce additional financial products in the blockchain. According to Nathan Allman, CEO of Ondo Finance, this is a step in the direction to open the next chapter of tokenized finance 📚. He thinks it will assist the development of Ondo in creating a tokenized secure system of trading securities. Such securities represent real-life stocks and bonds that are transformed to take the form of tokens in a blockchain. Sounds like a whole lotta mumbo-jumbo, but we’ll take his word for it!

Ripple Labs caught the market off guard on July 4 with the release of 500 million XRP, just days after its standard July 1 unlock of the same amount. It’s like they’re playing a game of hide-and-seek with their tokens! 🎉 Rather than sticking to its typical pattern of releasing 1 billion XRP in one go, Ripple opted for a staggered release—signaling a move toward more responsive and demand-based token management. Ah, the plot thickens! 📚

One look at the short-term chart for $BTC, and you’ll spot a “fakeout” that would make even the most accomplished stage magician proud. Thursday’s escapade saw prices flirting with the $110,000 level. The bulls—those lovable optimists—were likely clinking glasses and making holiday plans. Alas, dear reader, BTC was breathing the rarefied air of “overboughtness,” and after an initial, rousing confirmation of the breakout, it fell back with all the conviction of a soufflé gone wrong. The bulls promptly lost their trousers (metaphorically speaking), and back into the bull flag the price tumbled.

The Monetary Authority of Singapore (MAS), that most noble and revered institution, has confirmed the penalties, naming the likes of Credit Suisse, UBS, Citibank, UOB, Julius Baer, LGT Bank, and asset manager Blue Ocean among the guilty parties. One can only imagine the stern faces of the MAS officials as they handed down the verdicts. 😒

The Great Crypto Letdown 🤕

As part of the newly elected president’s Web3 advisory team, I found myself in a room full of suits, led by National Assembly member Min Byung-duk. I mean, talk about a room full of people who probably don’t know the difference between a blockchain and a block party. 🤣

Blockchain tracking firm Lookonchain, those intrepid detectives of the digital realm, report that the two Bitcoin addresses, each containing 10,000 BTC, were emptied within minutes of each other on the 4th of July. One wonders if the owners, in a burst of patriotic fervor, decided to celebrate Independence Day by declaring their independence from the shackles of dormancy.

Weslad, with the foresight of a prophet, points to the 2021 peak of Ethereum, when the price reached the dizzying heights of $4,851, as the moment when a grand symmetrical pennant began to form. This pennant, a pattern that has persisted for years, continues to play out even in 2025, four years later. The analyst, with a keen eye for detail, believes that Ethereum has been in a long-term accumulation phase, a corrective range that, like a coiled spring, could unleash a powerful surge. The formation of an ABCDE wave pattern, a pattern that often predicts the peaks and troughs of market cycles, suggests that Ethereum is currently in a D wave, a phase that, contrary to popular belief, is still bullish. “Currently, price action is developing near point D, approaching the upper boundary of the pennant, a crucial area that could define the next directional move,” the analyst muses. If this D wave plays out as expected, Ethereum could surge to levels above $3,500, a move that would be nothing short of miraculous. And if that weren’t enough, the formation of an Inverse Head and Shoulders Pattern, with $2,855 acting as a key resistance, could, if broken, propel Ethereum to new all-time highs above $6,000. The market, it seems, is a fickle mistress, but one who, if courted with patience and wisdom, might just reward her suitors with untold riches.

Estimates, those clever little devils, suggest that this bill shall add a trifling $3 trillion to the national debt over the next decade 🤑

But not this time, no sirree. This time, Ethereum’s price action has been as flat as a pancake, making it hard to imagine a break above $3,000 anytime soon. Now, I don’t know about you, but I reckon that’s a bit like inviting the whole town to a party and then forgetting to buy any food or drinks. It’s just downright embarrassing.