Why is Crypto Up Today? Pi Crypto Price, XRP News, Dogecoin and Ethereum Price

MOODENG has surged over 40% within the final 24 hours and is now buying and selling round $0.204. This spike follows a serious information: Upbit not too long ago introduced that it might listing the hippo-themed Solana meme coin. This sparked fast investor curiosity and pushed MOODENG’s market cap previous $217 million, forward of its rivals like NEIRO and BABYDOGE. Additionally, the memecoin is pumping onerous forward of its namesake pygmy hippo’s 1st birthday on July 10.  The thrill across the celebration is anticipated to gasoline much more hype for the coin. 

Since April, promoting stress from U.S. whales and establishments has steadily declined, signaling a shift in market momentum. Current on-chain information reveals constant shopping for exercise, suggesting accumulation is underway. With whale demand returning and shopping for stress holding robust, Bitcoin’s path has clearly turned upward—setting the stage for a possible bullish continuation.

Bitstamp by Robinhood has formally secured a Main Cost Establishment license from the Financial Authority of Singapore (MAS), marking its strategic entry into the APAC area. With over 14 years of world expertise and a confirmed regulatory monitor document, Bitstamp provides APAC purchasers safe, quick, and institutional-grade entry to crypto markets. The alternate brings world liquidity, dependable on/off ramps, superior buying and selling instruments, and top-tier safety certifications. Backed by a devoted Singapore-based group, Bitstamp goals to lift the bar for crypto providers in Asia, combining native experience with world requirements in belief, transparency, and efficiency.

Swiss crypto financial institution AMINA is now providing providers with Ripple’s new USD-pegged stablecoin, RLUSD, changing into the primary world financial institution to take action. The financial institution will provide custody and buying and selling for RLUSD, beginning with institutional and skilled buyers, and plans to develop its providers within the coming months. This transfer comes amid the rising demand for regulated stablecoins, which at the moment are price $250 billion. RLUSD, regulated by New York’s DFS, has already reached a $430 million provide.

The Worldwide Financial Fund (IMF) has rejected Pakistan’s proposal to supply subsidised electrical energy tariffs for crypto mining operations. The IMF has raised issues that the subsidies might pressure the already burdened energy sector and distort the market. Nonetheless, talks are nonetheless ongoing as the federal government works on a revised proposal. Pakistan had first proposed a six-month backed tariff in Sept 2024, then a focused subsidy in November, however the IMF rejected each, saying that they may damage the economic system. The IMF allowed solely a 3-month model. 

The REX-Osprey Solana Staking ETF, launched Wednesday on Cboe, has pulled in a large $12 million in inflows and $33 million in buying and selling quantity on day one. Bloomberg’s James Seyffart known as it a “wholesome begin,” as he famous $8 million traded within the first 20 minutes. Eric Balchunas stated that it has additionally outperformed Solana and XRP futures ETFs, however is nonetheless far beneath Bitcoin and Ether spot ETF debuts, which noticed $4.6 billion in day-one quantity. Analysts now give a 95% likelihood for spot Solana ETF approval by the year-end. 

Ethereum is organising for a serious transfer, with $2,700 now in sight. The important thing degree to observe stays $2,500; solely a sustained maintain above this zone can set off the subsequent leg larger. A brief-term dip should still play out earlier than the rally kicks in. With institutional capital steadily flowing into ETH and renewed optimism round ETF approvals and on-chain exercise, a breakout might result in a fast push towards new all-time highs. Momentum is constructing. Ethereum’s subsequent main pump could also be nearer than many anticipate.

Bitcoin is testing the higher finish of its consolidation vary round $110,000, as robust ETF inflows, declining alternate balances, and mounting political stress on the Fed create a possible breakout state of affairs. Regardless of these bullish indicators, worth motion stays muted suggesting the market is coiling for a serious transfer. With July’s traditionally robust seasonality and key labor market information simply hours away, the timing is essential. Volatility stays low, providing strategic entry factors. If Bitcoin breaks previous $110K with conviction, the subsequent leg larger may very well be swift. All eyes are on the upcoming macro indicators to verify the breakout.