Forex & Cryptocurrency Breaking News

Ether Machine’s Andrew Keys said he’s an Ethereum maxi and doesn’t own Bitcoin — he’d “rather have an iPhone than a landline.” Andrew Keys, the co-founder of the new Ethereum investment firm The Ether Machine, argues investors would have made much more money investing in Ether than Bitcoin a decade ago.“The price of Ether per Bitcoin over the past decade has materially improved. Over the last decade, since Ethereum started, you would be 50x wealthier [had you owned it since then],” Keys said on CNBC’s Squawk Box on Monday while talking about his new Ethereum treasury firm, which plans to go public.In a post on X, he later corrected the price growth figure from 50 times to 30 times.Read more

DeFi Development Corp CEO Joseph Onorati said the company has no plans to expand its treasury with other crypto. Meanwhile, Solana crossed the $200 mark on Tuesday. Nasdaq-listed firm DeFi Development Corp is now just one token away from crossing a million Solana in its treasury after its latest $198 million buy.In a statement on Monday, DeFi Development Corp said its purchase of 141,383 Solana (SOL) between July 14 and July 20 had grown its treasury to 999,999.The recent acquisition included spot purchases, discounted locked SOL, and 867 tokens earned through staking, validator revenue, and “other onchain activity,” according to DeFi Development Corp.Read more

Tornado Cash co-creator Roman Storm, facing 45 years behind bars, could move for a mistrial after claiming that a scam victim’s testimony wasn’t connected to the crypto mixer. Tornado Cash co-founder Roman Storm’s lawyers might ask for a mistrial over a government witness they claim had nothing to do with the crypto mixer.Storm’s defence floated the idea of a mistrial with Manhattan federal judge Katherine Polk Failla on Monday, questioning the testimony of government witness Hanfeng Lin on Tuesday, Inner City Press reported.If allowed, a mistrial ruling would see Storm’s trial considered invalid due to a judicial error — which in this case could be evidence that should have been excluded — and it could be dismissed in its entirety or retried with a new judge and jury.Read more

There is just one to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1700 level. The pair has finally broken back to the upside yesterday amid a weaker dollar, with the near-term bias switching back to being more bullish now. That puts buyers back in control but given the lack of key catalysts, we could see the expiries help to limit gains in the session ahead at least.Ahead of the key trade deadline on 1 August, it seems like markets are slowly circling back to the TACO playbook. So, that’s something to be wary about for the dollar after having ran a bit of a short squeeze in recent weeks.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know! This article was written by…

Met with US commerce secretary Lutnick for over 2 hours in Washington yesterdayHeld frank talks to seek an agreement benefiting both Japan and the USVery little in terms of details once again. If anything, it just reaffirms that both sides are still nowhere near in agreeing to anything.Head on over to investingLive (formerly ForexLive) to get in on the know! This article was written by Justin Low at investinglive.com.

Earlier this week, Trump said that they were “very close” to a deal with India but I guess not. The two sides have been negotiating since June already over a more limited trade deal or one that they dub as a mini trade deal of sorts.Now, India has not gotten a tariff letter from the US yet as it is thought that negotiations will lead to a compromise by 1 August. So if that isn’t going to be the case, will India be slapped with the 26% tariffs from the initial announcement in April? Or is the US administration just going to ignore the deadline and keep 10% tariffs for now as negotiations stretch on further into next month?That will be the interesting part to watch in all this ahead of the 1 August deadline.As a reminder to the key sticking points, India wants the US to drop the 26%…

Bitcoin’s recent price movement reflects a pause in the broader uptrend, with the asset trading at $117,901 following a near 5% weekly decline. While the current downturn may signal a cooling of investor enthusiasm, on-chain indicators suggest the market may still have room to expand before reaching an exhaustion point. Notably, activity among long-term holders and derivatives traders reveals continued interest and potential for price volatility. One of the standout indicators drawing attention is the Spent Output Profit Ratio (SOPR) for long-term holders (LTH), which has climbed to a new high for 2025. Related Reading: Bitcoin Climbs, But NVT Indicator Sends a Surprising Signal SOPR Suggests Continued Room for Growth Before Cycle Peaks According to CryptoQuant analyst Gaah, this metric tracks the profitability of coins moved by holders who have kept their Bitcoin for more than 155 days. The latest reading shows that LTHs are beginning to sell at a…

As Bitcoin (BTC) continues to hover in the high $110,000 range, on-chain data suggests that a short-term price pullback may be imminent. That said, the broader market structure remains firmly bullish. Bitcoin Exchange Reserves Hit Near-Month High According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, BTC reserves on centralized exchanges have risen to their highest level since June 25. This surge in exchange-held Bitcoin may signal increasing profit-taking activity among investors. Related Reading: Bitcoin Set To Soar? Analyst Sees Fresh $2 Billion Liquidity Triggering Next Leg Up A rise in BTC inflows to exchanges typically precedes distribution phases, as more coins become available for potential sale. This shift is often interpreted as a weakening in buy-side pressure, which could lead to a short-term price decline. ShayanMarkets commented: Historically, rising exchange reserves are associated with local market tops, as more BTC becomes available for potential sale. However, this metric…

Ethereum price started a fresh increase above the $3,750 zone. ETH is now showing bullish signs and might continue to rise toward the $3,950 zone. Ethereum started a fresh increase above the $3,750 level. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,650 zone in the near term. Ethereum Price Rises Further Above $3,800 Ethereum price started a fresh increase above the $3,650 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,750 resistance zone to remain in a positive zone. The bulls even pumped the price above $3,800. Finally, it tested the $3,860 zone. A high was formed at $3,859 and the price is now consolidating gains…

Marvin Bertin has raised concerns about the security risks posed by bridges and wrapped assets. He warned that these solutions introduce vulnerabilities that compromise Bitcoin’s security model. Bertin: Wrappers Are Worse In the rapidly expanding world of decentralized finance, cross-chain solutions like bridges and wrapped assets have emerged as popular tools to enhance interoperability between […]

As a discreet financial maneuver takes shape in Japan, Arthur Hayes says this subtle central bank shift could be the catalyst behind bitcoin’s next explosive surge. On July 19, Hayes highlighted reports that the Bank of Japan (BOJ) is stepping in to supply U.S. dollars against pooled collateral starting July 17, calling the move a […]

SEC Chair confirms first-ever U.S. government stamp of approval on a key digital asset, signaling a breakthrough moment for blockchain adoption in mainstream financial infrastructure. SEC Chair Confirms Historic Pivot: Stablecoins Now Core to US Financial Future A pivotal shift in U.S. regulatory posture is underway as stablecoins gain unprecedented government recognition, signaling potential upgrades […]

The EUR/USD outlook shows the euro extending Friday’s gains. Fed’s Chris Waller said he was okay with a July rate cut. Traders are expecting the ECB to pause this week. The EUR/USD outlook indicates that the euro is likely to extend its gains from Friday, as the dollar pauses its rally. The decline came after… The post EUR/USD Outlook: Euro Extends Gains After Fed Comments appeared first on Forex Crunch.

The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. Japan’s ruling party lost the election on Sunday. If there is no trade deal by August 1, Japan might face a 25% tariff on its goods. The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. The… The post USD/JPY Forecast: Yen Holds Firm Despite Political Chaos appeared first on Forex Crunch.

EUR/USD held a narrow range amid conflicting ECB and Fed expectations. The dollar found support from strong US data and tariff-driven safe-haven flows.  Next week’s ECB meeting and Eurozone PMIs will be key catalysts. The EUR/USD pair traded defensively, hovering around the 1.1600 mark. Early strength in the euro faded mid-week as traders re-evaluated the… The post EUR/USD Weekly Forecast: Neutral Outlook Ahead of ECB appeared first on Forex Crunch.