Live summarized flash news from top crypto sites

Chinese Ecosystem Tokens Show Market Resilience Amid Volatility

Investors are shifting focus to 'Made in China' crypto tokens like HT, CKB, and ZIL as market volatility persists. Recent technical indicators suggest potential gains for these tokens, driven by strong development ties and bullish momentum.

Fed Minutes, Bitcoin Surge, and New Layer 2 in Crypto

The Fed signals possible rate cuts later this year if inflation eases, but tariffs remain a risk. Bitcoin soared past $112K on a technical breakout, while Bitcoin Hyper gains momentum as a fast, scalable Layer 2 solution merging security with speed.

Bonk (BONK) Post-Rally Radar

BONK pulled back after a sharp rally, but charts show no clear topping. If it sustains above key support, a rally toward $0.000041 is possible; a break below support could delay further gains. Market cautiousness remains key.

Bitcoin Dominance and Institutional Shift in Crypto Markets

Bitcoin outperformed most cryptocurrencies with a 3.7% rise, pushing dominance to 62%, while altcoins lag, except Bitcoin Cash’s 25%. Investor focus shifts toward crypto stocks, hinting at continued Bitcoin strength and altcoin stagnation.

Donald Trump Jr. Invests $4 Million in Thumzup Amid Diversification Strategy

Donald Trump Jr. invests $4 million in Thumzup, which is expanding its altcoin holdings beyond Bitcoin, signaling a move to diversify the Trump family's growing crypto portfolio and possibly hedge against market shifts.

Chinese Creditor Objects to FTX Payout Pause

Over 300 Chinese creditors, led by Weiwei Ji, oppose FTX's payout restrictions, citing legality of cryptocurrency in China and claims exceeding $15 million, arguing that FTX's US dollar settlements and legal crypto status protect their rights.

Circle and OKX Simplify USDC Adoption Across Blockchains

Circle partners with OKX to make USDC easier to buy, trade, and transfer globally, expanding access for millions of users and aiming to grow stablecoin adoption amid upcoming regulations and potential banking licenses.

Monad Foundation Acquires Portal Labs to Boost Stablecoin Payments

Monad Foundation's acquisition of Portal Labs integrates multi-chain stablecoin infrastructure into Monad, enabling faster, easier on-chain payments and propelling widespread crypto adoption.

Crypto Market Highlights and Key Developments

A $600M token sale for Pump.fun's PUMP launches July 12, GMX loses $40M to hacking, GameSquare's stock jumps with a $100M Ethereum initiative, Ripple’s RLUSD hits $500M market cap, and Ego Death Capital raises $100M for Bitcoin-focused investments.

Kraken's Growth Spurs Strategic Expansion

Kraken's market share has grown from 19% to 29% this year, driven by new product launches like stock tokenization and a stablecoin payments platform, positioning it for broader mainstream crypto adoption and diversified revenue streams.

SEC Clarifies Tokenized Securities Are Subject to Federal Laws

As firms push to tokenize stocks, SEC's Hester Peirce warns that tokenized securities remain securities and must follow federal laws, signaling caution against bypassing regulations amid industry innovation and legislative debates.

Justin Sun commits $100 million to President Trump's TRUMP memecoin

Justin Sun plans to buy $100M of Trump's TRUMP memecoin, signaling strong support and collaboration. The move underscores Sun's ongoing crypto ties to Trump-related projects amidst his legal challenges.

Lawmakers Struggle to Define and Regulate Cryptocurrencies Before September Deadline

Lawmakers face the challenge of defining cryptocurrencies, addressing President Trump's crypto ties, and creating industry rules before September 30, amid debates on consumer protection, regulation scope, and political interests behind digital assets.

Thumzup Expands Crypto Holdings Amid Investor Scrutiny

Thumzup broadens its crypto treasury beyond bitcoin to include ETH, SOL, XRP, DOGE, LTC, and USDC, aiming to boost financial flexibility despite a $2.2M loss and stock dip, with Donald Trump Jr. holding $4M in shares.

Institutional and Corporate Adoption Drive Growth in Crypto ETFs

Crypto ETFs, including Bitcoin and staking assets like Solana, are expanding rapidly with over $150 billion under management, boosted by corporate treasury moves and regulatory acceptance, signaling mainstream acceptance and future product growth.

Bitcoin Approaches New High Amid Growing Institutional and Corporate Interest

Bitcoin briefly soared above $112,000, nearing its all-time high, as institutional and corporate demand rises amid global trade tensions and positive endorsements from figures like Elon Musk, boosting its market confidence.

US Imposes 50% Tariff on Brazilian Imports Amid Diplomatic Tensions

President Trump announced a 50% tariff on Brazil, citing unfair trade practices and political disputes, escalating tensions after supporting Bolsonaro and threatening more tariffs linked to BRICS policies amid global market jitters.

Subtle Signals May Spark a BNB Breakout

Despite stability, rising active addresses and whale activity hint at a possible bullish breakout for Binance Coin, with key resistance at $665 and bullish divergence suggesting a move towards $696 or higher if support at $635 holds.

Donald Trump Jr. Invests in Bitcoin-Adopting Media Company

Trump Jr. owns nearly $3.3 million in Thumzup Media, which plans to boost Bitcoin holdings as part of its treasury strategy amid growing corporate adoption despite skepticism about its sustainability.

US Debt and Housing Stress Signal Possible Bitcoin Correction

Exploding US debt and housing market stress could trigger a sharp Bitcoin pullback toward $95, amid macro trends, Fed policy, and institutional flows; uncertainty remains as markets weigh recession risks and potential policy shifts.