Author: Benjamin Lee

Leading digital asset investment firm CoinShares says that institutional inflows into crypto products have set new monthly highs in July. According to its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that digital assets just pushed over $11 billion over the last month, a new record before the month is even finished. “Digital asset investment products saw US$1.9bn in inflows last week, marking the 15th consecutive week of positive sentiment. This pushed month-to-date inflows to a record US$11.2bn, significantly surpassing the US$7.6bn seen in December 2024 following the US election.” Source: CoinShares Regionally speaking, the United States led globally…

The shares of Mill City Ventures (MCVT) are surging as the Nasdaq-listed specialty finance firm reveals a new treasury strategy using layer-1 protocol Sui (SUI). In an announcement, Minnesota-based Mill City Ventures says it will raise $450 million in a non-public offering, or private placement, and use most of the funds to establish a Sui cryptocurrency treasury strategy. Crypto treasury companies are publicly traded or private companies that hold digital assets on their balance sheets as part of their treasury reserve strategy. Shares of MCTV closed Thursday at $1.85. Trading began to surge on Friday, when the stock closed at…

BNB price rallied to new all-time highs amid major institutional interest. After Nano Labs earlier in the day, CEA Industries Inc. (Nasdaq: VAPE) and 10X Capital are eyeing up to $1.25 billion to buy BNB. Initiative could see BNB price explode in coming days. BNB price soared to a new all-time high of $859 on Monday as an unprecedented institutional interest and strategic corporate investment bet in the digital asset emerged. With Nano Labs doubling down on BNB earlier in the week, it was another Wall Street firm that added to the frenzy of publicly traded companies eyeing BNB. That…

A market intelligence firm is warning traders that leverage is building up in Ethereum (ETH), creating volatility risk for bulls. In a new thread on the social media platform X, the crypto analytics platform Altcoin Vector says that leverage risk is building within the second-largest digital asset by market cap despite ETH’s most recent price rise being backed by the spot market and exchange-traded funds (ETFs). “ETH Futures OI (open interest) just hit a new ATH (all-time high) – double since May – and price is climbing with it. Unlike late 2024, this rise is backed by ETF inflows and…

Veteran trader Peter Brandt says that one payments-focused crypto asset will outshine the pack while predicting a massive upswing for silver. Brandt tells his 803,900 followers on the social media platform X that while most cryptocurrencies will eventually go to zero, one token he envisions becoming a “rock star” is the XRP (XRP) rival Stellar (XLM). “Every crypto nerd has his/her/its own pet rock or Beanie Baby. I believe 95%+ of the 11,000 actively traded coins will become near worthless – your pet rock included. Already 3.7 million coins are dead (source: CoinGecko). Only about 50% of most actively traded…

Sui’s price is above $4.20 after surging more than 56% over the past month.  The token’s rally has pushed the total value locked to all-time highs amid a surge in open interest. Bulls could target the SUI all-time high of $5.35 reached in January 2025. Sui (SUI) has broken above $4.20 amid a notable 56% surge over the past month. This rally brings SUI tantalizingly close to its all-time high of $5.35, recorded in January 2025. It also means an impressive rally from April lows of $1.90, putting the token alongside top performers PancakeSwap, BNB and Optimism. Sui price jumps…

Optimism price increased by more than 13% to highs of $0.84 amid gains for PancakeSwap, Ethena and SPX6900. Upbit, South Korea’s leading crypto exchange, announced the listing of the Ethereum layer 2 scaling solution’s native token OP. The price of OP could explode 100% as bulls eye $2. Optimism (OP) price is up double-digits, mirroring moves by PancakeSwap, Ethena and SPX6900 as top altcoins by 24-hour gains. Gains for the native token of the Ethereum layer 2 scaling solution come amid a major boost from Upbit, South Korea’s dominant crypto exchange. With new trading pairs set to launch for OP,…

A widely followed analyst and trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 says the crypto king is primed to go higher after a recent correction. The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling below the $116,000 price level. “Send it.” Source: Bluntz/X Looking at the trader’s chart, he seems to suggest that Bitcoin’s ABC correction is done and BTC is now targeting new all-time highs at $127,000. Bluntz follows the Elliott Wave theory, which states that a bullish…

The native asset of the stablecoin-focused crypto project Ethena (ENA) skyrocketed by more than 28% on Friday, ignoring a wider crypto market pullback. The price surge materialized after the Arthur Hayes-backed decentralized finance (DeFi) project announced a new strategic partnership with Anchorage Digital, a federally chartered crypto bank. The partnership aims to bring Ethena’s second stablecoin offering, USDtb, to the US under the regulatory umbrella of the recently enacted GENIUS Act, with Anchorage Digital issuing the asset domestically. The new law, signed by US President Donald Trump last week, establishes a regulatory framework for stablecoins, cryptocurrencies pegged to the US…

A decentralized finance (DeFi) altcoin that received trading support from the crypto exchange Binance in May is seeing gains despite the dip in the digital assets market. The token of Maple Finance (SYRUP) is currently changing hands for $0.475, up by 7.95% over the past 24 hours. This comes after the DeFi platform for institutional lending unveiled a proposal to increase allocations for purchasing the crypto asset on the open market. The MIP-018 proposal, which will be open for voting by Syrup holders on July 25th, aims to raise token buybacks from 20% to 25% to increase staking rewards. “MIP-018…