The bigwigs at the Secret Service’s Global Investigative Operations Center—get a load of that name, it’s like they’re auditioning for the next James Bond movie—have been using blockchain analysis, open-source tools, and “thorough” investigative methods. Okay, sure. Maybe they’re just scrolling Reddit like the rest of us and calling it intelligence work.
Telegram’s blockchain dreams are about to get a whole lot bigger, folks. The Open Platform (TOP), the brains behind the “Wallet in Telegram” and other TON apps, just announced a $28.5 million Series A funding round, making them a billion-dollar baby. 🎉
Enters, with grand flourish and a powdered wig barely containing his enthusiasm, the sage Ted Pillows. “Gentlefolk! Attend!” he proclaims. “A Wyckoff accumulation doth unfold! Behold, the smart money struts and frets upon the stage, seeking the next act where ETH, the erstwhile understudy to Bitcoin’s Hamlet, may seize yon spotlight and soliloquize to the moon!”
There’s a seismic shift brewing in the world of finance and it’s all thanks to the latest U.S. push to regulate dollar-backed stablecoins. Poor U.S. currency—first it had inflation to deal with, now this? Amundi, the head honcho of Europe’s asset management scene with over €2 trillion ($2.36 trillion) in assets (that’s more money than I’ll ever see), raised a ruckus on July 3rd about the Senate’s recent GENIUS Act. Just when we thought “Genius” was reserved for naming your smartest friend’s cat, here it is trying to overtake global money flows like it’s in a race at the Olympics.
But beneath the surface, a different story is unfolding. Steady inflows into Ethereum-based Spot ETFs have been keeping the mood green. According to on-chain analytics platform Lookonchain, US-based Ethereum ETFs recorded a net inflow of 36,439 ETH on July 4, valued at approximately $92.19 million. This builds on a solid showing the day prior on July 3, when daily net inflows into the ETFs totaled $148.57 million.
If you were looking for enterprise-grade excitement, Ripple delivered just that on July 3rd. In an announcement that no doubt triggered a thousand fintech PowerPoint slides, Ripple joined hands with Tenity—a global fintech incubator best known for its mysterious Swiss efficiency and, one must assume, robust coffee habits. Together, they’re hatching an accelerator program designed to unshackle entrepreneurs building on the XRP Ledger (XRPL), presumably because “unshackling” sounds much cooler than “supporting.”
Ethereum is expected to remain more subdued, with most bets backing a move to $2,700, which has attracted the highest confidence at 60%. The chances of ETH hitting $2,900 stand at 34%, while a push to $4,000 is viewed as highly unlikely, sitting at just 1%. 😴
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.