Donald Trump Praises Bitcoin as a Strategic Reserve Asset for the US
Former President Donald Trump expressed his strong support for Bitcoin, raising discussions about classifying the cryptocurrency as a strategic reserve asset, Forbes reported. In his social media post, Trump acknowledged the geopolitical importance of Bitcoin and warned against policies that hinder its growth, stating that such actions will only benefit China and Russia. With this support, Trump is the first major political party candidate to adopt Bitcoin.
Rep. Hill Says Trump May Pass FIT21 Bill for Crypto Regulation
U.S. Representative French Hill suggested in a recent interview with CNBC that the Donald Trump administration will adopt the recently passed FIT21 bill to establish clear rules for digital asset management and user protection. The proposal comes as former US president Donald Trump and Republican lawmakers advocate for a more crypto-friendly regulatory environment ahead of the upcoming US presidential election. According to Hill, Trump’s potential presidency would pass the bill to help innovation and consumer protection. This regulatory clarity is seen as crucial to maintaining U.S. competitiveness in the emerging digital asset space.
Consensys Acquires Wallet Guard to Improve MetaMask Security
Consensys announced the acquisition of Wallet Guard, a security tool to protect digital assets and data from theft, fraud and fraud. This acquisition aims to improve user protection on Web3 by integrating Wallet Guard’s advanced security features into MetaMask. The integration will include the Wallet Guard team joining Consensys within the MetaMask Product Security Team to ensure a seamless transition.
Global Regulators to Publicize Banks’ CryptoAsset Risk Starting in 2026
Global banking regulators said on Wednesday they have approved templates for banks to disclose their exposure to crypto assets from January 2026. “These clarifications are intended to increase information availability and support market discipline,” the Basel Committee on Banking Supervision said in a statement. said. Additionally in this statement, “The Committee will continue to monitor this space and other developments in the crypto asset markets.” It was said.
Sygnum and Fidelity International Partnership with Chainlink
Chainlink announced a collaboration with Fidelity International and Sygnum to bring Net Asset Value (NAV) data on-chain. In this landmark production use case for tokenized assets, the collaboration provides transparency and accessibility around underlying asset data for Sygnum’s recently released onchain representation of Fidelity International’s $6.9 billion Institutional Liquidity Fund. With Chainlink, NAV data can be accurately reported and synchronized on-chain, automatically and securely.
Ethereum ETFs Could Arrive Next Week as Bitwise Amends S-1 Filings Early
Bitwise filed an amended form S-1 for the Ethereum ETF ahead of the July 8 deadline, indicating that the product is ready for launch. Analysts estimate these ETFs could begin listing within two weeks, but the SEC has not yet provided a specific timeline. The SEC has previously approved forms for eight spot Ethereum ETFs, including Bitwise, but final approval of S-1 filings is still required. Bitwise and VanEck initially announced that they would eliminate sponsor fees.
Institutions Invested Over $30 Million in Chainlink
Institutional investors have recently invested more than $30 million in Chainlink (LINK) tokens, increasing adoption and trust in Chainlink technology. On-chain data shows that 54 new wallets received 2.08 million LINK from Binance in a week. This interest stems from Chainlink’s Cross-Chain Compatibility Protocol (CCIP), which supports nine major blockchains. CCIP provides a simple interface for decentralized applications (dApps) and Web3 entrepreneurs, enabling secure data and token transfer. Although there are price challenges due to increased token supply, analysts are optimistic about LINK’s long-term prospects and highlight Chainlink’s strategic importance in blockchain and financial services.
Compute Labs Increases Its Valuation to $30 Million
Compute Labs, a Solana-based GPU tokenization protocol developer, has completed a $3 million pre-seed investment round led by Protocol Labs and with participation from investors such as Blockchain Coinvestors, OKX Ventures and HashKey Capital. This funding, structured as SAFT, sets Compute Labs’ fully diluted token valuation at $30 million. Compute Labs aims to democratize access to high-performance GPUs, providing investors with GPU ownership and returns through GPU-NFTs (GNFTs). The protocol is currently live on the Solana testnet, with plans to launch on the Solana mainnet later this month and on other blockchains in the future.
Solana’s On-Chain Activity Is Rising
In June, Solana (SOL) experienced significant price fluctuations, reaching $175 on June 5 and closing at $144 at the end of the month. SOL experienced a 10% price increase after VanEck and 21Shares filed spot Solana ETF applications at the end of the month. Daily transaction volume on the Solana network increased by 34%, indicating increased user adoption. Solana attracted attention with its trading volume of $38.4 billion, accounting for almost 25% of the DEX market. Despite a 26% drop from May, Solana ranked fourth with $68.5 million in NFT sales and more than 798,000 transactions.
————————————————————————————————-
BITCOIN (BTC)
BTC is priced at $59,000 with a 2% loss of value as of the morning hours. There was a drop to $58,000 during the night, but it could not be sustained. Pricing above $60,000 is required for the decline to end. In case of a pullback, 57,000 appears as the first support. As resistance, $62,000 corresponds to a critical level.
ETHEREUM (ETH)
ETH is priced at $3230 with a 2% loss of value as of the morning hours. $3148 appears as major support. 3241 dollars could not hold the price this time. For the rise to continue, permanence above $3500 must be maintained. If stability above $3500 is achieved, an increase may occur up to $3750. In the continuation of the retreat, $ 3000 seems to be the strongest support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.4590 with a 1.76% loss in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.45 level, but it could not be permanent. $0.50 is a critical level and this level must be regained. Initial support again appears to be the range between $0.48 and $0.45. Areas where there may be resistance include the $0.50 and $0.52 levels.
AVALANCHE (AVAX)
AVAX is priced at $28.00 with a 2.40% loss of value as of the morning hours. After receiving support at $ 23.50, the rise continued, but the rise came to an end. In case of withdrawals, the 22 and 21 dollar areas can be followed as support. $25.30 seems to hold the price for now. For the rise to continue, the $30 zone must be broken and persistence must be achieved. If $ 30 is exceeded, there may be a rise again up to $ 40. If the withdrawal continues, $25 is a region that is likely to act as major support.
SOLANA (SOL)
SOL is priced at $136.37 with a 3.17% depreciation as of morning hours. When we examine the daily chart, we see that the $140 level, which we follow as the support zone, has been broken downwards. If this movement continues, the $130 and $120 levels appear as important support zones. In upward movements, it is important to maintain permanence above the $ 140 level.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 13,395 with a 1.43% loss in value. When we examine the daily chart, we see that the $14 level, which we follow as the support zone, has been broken downwards. If the downward trend continues, the $13 level is followed as an important support zone. If there is a reaction from this region, $14 levels may be tested again.
TRX
TRX is priced at $0.12792 with a 0.61% loss in value as of the morning hours. When we examine the hourly chart, we see a horizontal movement between the $0.12970 and $0.12780 levels. These two levels can be followed as main resistance and support levels. If the support zone is broken in downward movements, the $0.12700 level can be tested. In upward movements, the $0.12900 region appears as short-term resistance.
APT
APT is priced at $6.42 with a 2.73% depreciation as of the morning hours. When we examine the four-hour chart, we see that the horizontal movement has broken downwards. If this movement continues, a decline towards the $6 region may be possible. In upward movements, the $6.60 region appears as resistance. If it persists above this zone, the $7 level can be tested.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2357 dollars with a 0.04% gain in value. There was a decline from $2390 to $2290. The $2290 level is acting as support. In case of another pullback to $2308, this could be the beginning of an upward move. For the continuation of the rise, a break above $ 2340 was required and this was achieved. The first target is $2380.
OUNCE OF SILVER
As of the morning hours, silver is priced at $ 30.33 with a 0.53% loss in value. When we examine the four-hour chart, we see that the downward movement has broken upward. There was some selling pressure at the $30.60 level, which we follow as a short-term resistance zone. If this retreat continues, the $30 level appears as an important support zone. In upward movements, the level of 30.80 – 31 dollars can be followed.
