Trump’s New Tariff Move
US President Donald Trump has announced that he will continue to escalate the trade wars and impose tariffs of up to 200% on imported medicines and 50% on copper. Trump, who set August 1 as the deadline, emphasized that no extensions will be made after this date. The new decision comes after his previous announcement targeting 14 countries and including tariffs of up to 40%. Trump said that they will inform the countries about the details of the tariffs in the coming days.
Although this aggressive trade policy of the Trump administration did not create a major fluctuation in global markets, the high taxes imposed on imported copper increased copper prices in the US by 12%, reaching record levels. In addition, it was signaled that high tariffs would be announced for medicine and chip imports. Economists warn that these policies could fuel inflation, while some investors suggest Trump is inclined to back down on such threats.
Trump’s Truth Social Files with SEC for ‘Crypto Blue Chip’ ETF
Donald Trump’s social media platform Truth Social has filed with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) called “Crypto Blue Chip.” The ETF will include leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP) and Cronos (CRO). According to the filing, the portfolio allocation is planned to be approximately 70% BTC, 15% ETH, 8% SOL, 5% CRO and 2% XRP. The ETF will be backed by Yorkville America Digital, while Foris DAX Trust will provide digital asset custody and will be traded on NYSE Arca.
Truth Social has previously filed spot Bitcoin and Bitcoin-Ethereum ETF applications. This latest initiative increases expectations that a crypto-friendly regulatory environment will emerge due to the Trump administration’s influence on the SEC. On the other hand, major investment firms such as Bitwise, Grayscale, and Franklin Templeton have also filed various crypto ETF applications in the same way, awaiting SEC approval. These developments indicate that serious competition has begun in the crypto ETF space in the US.
Solana Tops the Charts with $271 Million in Revenue in Q2 2025
Solana surpassed Ethereum and Tron in revenue in the second quarter of 2025, making it the top revenue-generating blockchain for the third consecutive quarter. The foundation for this success was driven by intense user activity from DeFi, NFT, and everyday applications. According to Artemis data, Solana reached an audience equal to the total monthly active users of all Layer 1 and Layer 2 networks in June. While the total user value among existing chains is at $5.42 million, $2.66 million of this belongs to Solana. Tron is in second place with $1.28 million, while Ethereum is only at $627,000.
BlackRock’s Bitcoin ETF Surpasses 700,000 BTC
BlackRock’s iShares Bitcoin Trust (IBIT), which launched in January 2024, has exceeded the 700,000 BTC threshold, reaching an asset size of approximately $75.6 billion. With this figure, IBIT became the third most profitable fund of BlackRock, the world’s largest asset manager, and surpassed classic index ETFs such as IVV and IWM, which have been on the market for 25 years, in terms of profitability.
IBIT, which recorded a net inflow of $ 52.8 million in the last two weeks, left its competitors far behind in this field. According to experts, the fund’s “buy and hold” institutional investor base reduces Bitcoin’s short-term volatility.
Ripple CEO and Former US Regulators to Discuss Crypto Market Structure in Senate
As the US Senate approaches a major turning point in the regulation of digital assets, prominent crypto leaders, including Ripple CEO Brad Garlinghouse and former regulators, will testify before the Senate Banking Committee this week. The hearing will be one of the first times Ripple has increased its direct involvement in the policy process in Washington. The hearing will also feature names such as Blockchain Association CEO Summer Mersinger, former CFTC Chairman Timothy Massad and Chainalysis CEO Jonathan Levin. Stablecoin regulations, market structure and consumer protection are prominent topics.
The Senate’s goal is to create a new legal framework for crypto markets by October. Potential conflicts of interest, such as Trump’s memecoin and stablecoin projects, could also come up in the discussions. Previously passed Senate bills such as the GENIUS Act and proposals such as the CLARITY Act aim to reduce regulatory uncertainty in the digital asset market. The fact that former White House ethics lawyer Richard Painter will also testify at the hearing suggests that discussions questioning the impact of the Trump family’s crypto connections on the legal process will also be on the agenda.
Metaplanet Plans to Use Bitcoin as Collateral for Acquisitions
Japan-based Metaplanet is launching a plan to use its 15,555 BTC reserves to buy companies that generate cash. The company’s CEO Simon Gerovich described this strategy as “phase 2” in an interview with the Financial Times. The company, which has shifted from hotel management to Bitcoin investments, bought an additional 2,205 BTC last week, bringing its assets to $1.7 billion. The goal is to reach 210,000 BTC by the end of 2027.
Gerovich said they plan to provide financing from banks at favorable rates by using BTC as collateral, like government bonds. The aim is to buy profitable companies with the cash to be obtained with this method. While crypto-backed lending systems are currently mostly offered by crypto companies, Metaplanet’s strategy represents an expansion of this model into the traditional financial world. According to Gerovich, the first phase of this strategy will last 4-6 years and will become more difficult to purchase as the BTC supply shrinks over time.
SharpLink Gaming Soars Shares with ETH Purchases
SharpLink Gaming, which puts Ethereum at the center of its treasury strategy, reached a total of 205,634 ETH with the latest purchases, corresponding to a value of $527 million. The company announced that it purchased 7,689 ETH between June 28 and July 4 at an average of $2,501. SBET shares, which are traded on Nasdaq, gained nearly 26% following this announcement, rising to around $16. SharpLink said it will also show shareholders’ exposure to Ethereum with a new transparency metric called “ETH Concentration.”
SharpLink’s path is similar to Strategy (formerly MicroStrategy), which included Bitcoin on its balance sheet and offered investors secure access to the crypto asset. Strategy currently has a treasury of $65 billion with 597,325 BTC and has inspired many Nasdaq companies with this approach. Ethereum’s appreciation in recent months has encouraged smaller public companies in particular to add digital assets to their portfolios.
BTCS’s $100 Million Ethereum Acquisition Plan
Nasdaq-listed Blockchain Technology Consensus Solutions (BTCS) saw its shares surge 100 percent after announcing its $100 million Ethereum acquisition plan. The company will raise capital from both traditional and decentralized finance markets. The fund will be raised through equity sales, convertible debt agreements, and stablecoin borrowing from DeFi protocols like Aave.
BTCS has been one of the pioneers of the crypto treasury strategy, which has focused on Ethereum since 2021. The company, which currently holds 14,600 ETH, aims to grow this strategy even further. CEO Charles Allen stated that Ethereum will play a central role in the digital finance infrastructure of the future, emphasizing that capital raising methods are designed with shareholder interests in mind.
———————————————————————————————
BITCOIN (BTC)
Bitcoin (BTC) is trading at $ 108,582, down 0.30% as of the morning hours. BTC, which has been trending horizontally in a narrow band in recent days, continues to stay above the $ 107,827 support and continues its attacks towards the $ 110,507 resistance. In upward movements, $ 110,507 is the first resistance, while the $ 111,924 level can be followed as the next resistance. Below, if a possible break of 107.827 occurs and remains persistent below it, the $ 105.984 – $ 104.750 range is in strong support position.
ETHEREUM(ETH)
ETH is priced at $ 2,608 as of the morning hours with a 0.27% loss in value. The price has approached the resistance zone in the $ 2,590–2,610 band. It seems that selling pressure has increased again at this level. Overcoming this resistance in the short term may allow the price to gain momentum towards $ 2,730.
In possible pullbacks, the $ 2,466–2,392 range stands out as the support zone. This region has previously seen strong buying reactions. If the downside pressure continues, the uptrend support of $2,285 could be tested again.
RIPPLE(XRP)
XRP is priced at $ 2.3180 as of the morning hours with a 0.30% loss in value. The price is very close to the strong resistance zone at $ 2.3378. This zone has been tested many times before, but a permanent break could not be achieved.
In case of a downward correction, the first support is at 2.2657. Below this level, the 2.2122 and 2.1709 zones can be followed. However, if a volume breakout occurs, the $ 2.3944 level may become the new target. Therefore, the reaction of the price in the current resistance area will be decisive in terms of the short-term direction.
AVALANCHE(AVAX)
AVAX is traded at $ 18.26 as of the morning hours with a 0.54% loss in value. It is priced at a point close to the trend line. While the $ 18.69 level stands out as the first resistance, if this level is maintained, the horizontal resistance zone at $ 19.86 can be tested again.
In possible pullbacks, the $ 17.61 level should be watched as the first support. If it falls below this level, the price may retreat towards the strong demand area in the $ 16.44 – $ 15.60 range. Since the price is moving close to the compression area, the breakout direction will be decisive in the short term.
SOLANA(SOL)
SOL is traded at $ 151.15 as of the morning hours with a 0.15% loss in value. The price is moving close to the descending trend line and staying above this level may trigger an increase targeting the $ 157.75 resistance.
In downward movements, the $ 149.10 support stands out as a critical level. If it falls below this level, a pullback may occur towards the strong support zone at $ 141.80. In general, SOL should be watched carefully until the direction of the breakout is determined by the compressed price movement.
