Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise. Key takeaways: Historical data fail to show a consistent link between Bitcoin price gains and US debt ceiling increases. Bitcoin’s resilience reflects investors’ belief that the US dollar will continue to lose value due to US domestic fiscal policy. Read more
SOL rallied after the launch of the REX Shares Solana ETF, but bulls need to hold the price above $160. Key point: The launch of the REX Shares staked Solana ETF had a positive impact on SOL price, but trading above $159 would mark the start of a trend change. REX Shares launched the first US staked-cryptocurrency exchange-traded fund on Wednesday, giving investors direct exposure to Solana (SOL) and an opportunity to earn yield through staking. Read more
Bitcoin’s onchain and technical data suggest that the upside is not over for BTC price. Key takeaways: Bitcoin’s STH cost basis, MVRV data and other technical indicators suggest that BTC price is on track toward $117,000. Analysts suggest a breakout above $109,000-$110,000 could push BTC to fresh all-time highs. Read more
With the US president’s ties to his family-backed business, World Liberty Financial, and a memecoin launch, Donald Trump has seen his personal wealth increase by millions in 2025. US President Donald Trump, with an estimated net worth of more than $6 billion, has reportedly added at least $620 million to his portfolio in a matter of months, thanks to ventures connected to the cryptocurrency industry. According to a Wednesday Bloomberg report, Trump’s crypto holdings represented “a sizeable portion” of his wealth for the first time, mainly due to windfalls from his family-backed crypto business World Liberty Financial and his personal memecoin, Official Trump (TRUMP). Though the bulk of his net worth comprised stakes in his media venture, Trump Media and Technology Group, and real estate, crypto ventures reportedly accounted for roughly 9% of his wealth as of June. Read more