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Cryptocurrency Live News & Updates : Cardano Price Surge Signals Potential Risks – The Economic Times

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Cryptocurrency Live News & Updates : Cardano Price Surge Signals Potential Risks – The Economic Times
04 Jul 2025 | 03:30:11 AM IST

Cryptocurrency News & Live Updates

Synopsis

Cardano’s price has increased for two consecutive days, reaching $0.60, driven by a significant development in its Bitcoin integration efforts. However, the coin’s price action suggests a potentially bearish pattern ahead.

Cardano (ADA) has seen a notable price increase, rising over 17% to $0.60, largely due to the first on-chain transaction proving Bitcoin’s state on its network, marking the start of a Cardano-Bitcoin bridge. Despite this bullish narrative, Cardano faces challenges, including a relatively inactive ecosystem and low total value locked in DeFi. Meanwhile, Dogwifhat (WIF) has also experienced a price surge, rising 43% to $0.92, with increased whale accumulation indicating potential for further gains. The token is forming a cup-and-handle pattern, suggesting a projected breakout target of $2.37. In regulatory news, concerns persist regarding stablecoin frameworks in the EU and Switzerland, with calls for clearer guidelines to support industry growth. Additionally, Fitch predicts the U.S. deficit will exceed 7% of GDP next year, highlighting broader economic challenges. Lastly, Amber International raised $25.5 million to expand its Crypto Ecosystem Reserve, reflecting a trend among crypto firms to bolster their balance sheets amid cautious funding cycles.

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03:30:04 AM IST, 04 Jul 2025

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Cardano Price Surge Signals Potential Risks

Cardano’s price has increased for two consecutive days, reaching $0.60, driven by a significant development in its Bitcoin integration efforts. However, the coin’s price action suggests a potentially bearish pattern ahead.

03:25:05 AM IST, 04 Jul 2025

Dogwifhat (WIF) Price Surges: 155% Potential Upside

Dogwifhat (WIF) token has seen a 43% increase, reaching around $0.92, driven by whale accumulation and bullish market indicators, suggesting further growth ahead.

03:05:03 AM IST, 04 Jul 2025

EU and Switzerland Face Stablecoin Regulation Issues

Peter Märkl of Bitcoin Suisse highlights ongoing regulatory ambiguities for stablecoins in the EU and Switzerland, stressing the need for clearer frameworks under MiCA and addressing challenges like KYC requirements.

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03:00:05 AM IST, 04 Jul 2025

U.S. Deficit Expected to Exceed 7% of GDP

Fitch’s Richard Francis forecasts that the U.S. government deficit will surpass 7% of GDP next year, with the debt ratio nearing 120% of GDP by 2026, despite anticipated tax cuts.

02:55:03 AM IST, 04 Jul 2025

Amber International Secures $25.5M for Crypto Reserve Growth

Amber International Holding has raised $25.5 million to enhance its $100 million Crypto Ecosystem Reserve, aimed at supporting blockchain networks and product development.

02:50:03 AM IST, 04 Jul 2025

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Bitcoin (BTC) Hits 110,000 USDT with 0.80% Rise

As of July 3, 2025, Bitcoin has reached the 110,000 USDT mark, reflecting a modest 0.80% increase over the past 24 hours.

02:45:05 AM IST, 04 Jul 2025

IMF Cautions Trump’s Tax Proposal Could Hinder Debt Reduction

The IMF warns that President Trump’s proposed tax legislation may obstruct efforts to lower fiscal deficits and debt levels, potentially increasing the deficit by $3.3 trillion.

02:40:04 AM IST, 04 Jul 2025

Treasury Secretary Foresees Trade Agreements by July

U.S. Treasury Secretary Besant predicts that numerous trade agreements will be finalized by July 9, impacting around 100 countries with at least a 10% reciprocal tariff.

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02:35:07 AM IST, 04 Jul 2025

Ondo and Pantera Capital Launch $250M Initiative

Ondo Finance, in partnership with Pantera Capital, is initiating a $250 million fund to invest in projects focused on real-world asset tokenization.

02:30:07 AM IST, 04 Jul 2025

Erebor Targets Financial Needs with Stablecoin Strategy

Erebor, a new crypto bank backed by notable figures, aims to fill the financial void left by Silicon Valley Bank’s collapse by focusing on stablecoin transactions and services for tech companies.

02:25:04 AM IST, 04 Jul 2025

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ETH Steady as U.S. Jobs Data Boosts Markets

ETH rose 0.55% to $2,584.90 following strong U.S. jobs data, which indicated labor market resilience and pushed the S&P 500 and Nasdaq to record highs.

02:20:05 AM IST, 04 Jul 2025

Bitcoin Surpasses $110K Ahead of Jobs Report

Bitcoin’s market dominance has decreased slightly, now at 65%, as the U.S. jobs report is set to be released today, with expectations of a modest increase in nonfarm payrolls and a rise in unemployment.

02:15:04 AM IST, 04 Jul 2025

OpenAI Disavows Robinhood’s Stock Tokens

OpenAI has denied any connection to Robinhood’s stock tokens, emphasizing that these tokens do not represent actual equity and warning users to exercise caution.

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02:10:03 AM IST, 04 Jul 2025

IMF Rejects Pakistan’s Electricity Subsidy for Crypto Mining

The IMF has turned down Pakistan’s request for subsidized electricity for crypto mining, despite plans to allocate 2,000 megawatts of surplus power to the sector.

02:05:04 AM IST, 04 Jul 2025

SEC’s Grayscale Fund Delay Expected to Be Brief

The SEC has temporarily paused the launch of Grayscale’s Digital Large Cap Fund (GDLC) ETF for commissioner review, citing the need for standard-setting rather than political reasons.

02:00:04 AM IST, 04 Jul 2025

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Tether Mints 1 Billion USDT on Ethereum

Tether has minted an additional 1 billion USDT on the Ethereum network, as reported by Whale Alert, to manage liquidity and meet market demand.

01:55:09 AM IST, 04 Jul 2025

Trump’s Budget Lacks Crypto Focus, Yet Market Gains

Despite no crypto provisions in Trump’s budget, the liquidity boost may positively impact crypto assets.

01:50:04 AM IST, 04 Jul 2025

Binance Enhances Pay Send for Crypto Transfers

Binance has launched two key upgrades to its Pay Send service, introducing features that allow users to send cryptocurrencies via phone contacts and on-chain transactions, enhancing speed, security, and convenience.

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01:45:04 AM IST, 04 Jul 2025

U.S. Employment Data to Shape Dollar’s Future

Analyst Turner from ING emphasizes the importance of the upcoming U.S. non-farm employment report in assessing the dollar’s downward trend, with potential implications for interest rates.

01:40:04 AM IST, 04 Jul 2025

Bitcoin (BTC) Falls Below 109,000 USDT

As of July 3, 2025, Bitcoin is trading at 108,959.99 USDT, reflecting a modest 1.55% increase over the past 24 hours, according to Binance Market Data.

01:35:06 AM IST, 04 Jul 2025

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BNB Falls Below 660 USDT with Minor Gains

As of July 3, 2025, BNB is trading at 659.69 USDT, reflecting a modest 0.46% increase over the past 24 hours.

01:30:05 AM IST, 04 Jul 2025

Federal Reserve Expected to Keep Rates Unchanged

The CME’s FedWatch tool shows a 76.7% chance that the Federal Reserve will not alter interest rates in July, with a 23.3% possibility of a 25 basis point cut.

01:25:09 AM IST, 04 Jul 2025

YZi Labs Joins $135M Investment in Digital Asset

YZi Labs has announced its participation in Digital Asset’s $135 million Series E funding round, joining major financial institutions to support the growth of the Canton Network, which facilitates on-chain asset tokenization for regulated institutions.

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01:20:04 AM IST, 04 Jul 2025

Why the U.S. Lacks a Bitcoin Reserve

Despite initial excitement from President Trump’s directive to establish a Bitcoin reserve, legislative hurdles and a lack of public plans have stalled progress.

01:15:03 AM IST, 04 Jul 2025

Telegram’s Blockchain Developer Achieves Unicorn Status

The Open Platform has reached a $1 billion valuation after securing $28.5 million in funding, marking a significant step for the TON ecosystem in integrating crypto with Telegram’s vast user base.

01:10:04 AM IST, 04 Jul 2025

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Beijing North Fonda Partners with Guofu Quantum

Beijing North Fonda has formed a strategic alliance with Guofu Quantum Innovation Co., Ltd., focusing on virtual assets and digital currency to enhance their global fintech presence.

01:05:04 AM IST, 04 Jul 2025

USD Faces Historic Challenges Ahead

Analysts report that the dollar has experienced its worst start to a year since 1973, with a significant decline in value against other currencies amid waning confidence in U.S. policies.

01:00:04 AM IST, 04 Jul 2025

Michael Saylor’s Firm Faces Class-Action Lawsuit

A class-action lawsuit has been filed against Strategy and its executives, including Michael Saylor, over a reported $5.9 billion loss in Bitcoin holdings due to new accounting rules.

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12:55:05 AM IST, 04 Jul 2025

Pepe Coin Price Targets 70% Increase Amid Whale Activity

Pepe Coin (PEPE) surged to $0.0000107, driven by whale accumulation and a broader crypto market rally, with large holders increasing their stakes by 5% over the past month.

12:50:03 AM IST, 04 Jul 2025

Treasury Secretary Addresses Dollar Decline Concerns

U.S. Treasury Secretary Besent has downplayed worries regarding the dollar’s recent depreciation, asserting that its value is not tied to the strong dollar policy, which focuses on long-term measures to maintain its global reserve status.

12:45:12 AM IST, 04 Jul 2025

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U.S. Unemployment Claims Increase Amid Job Market Focus

Despite a decrease in initial jobless claims, U.S. continuing unemployment claims have risen to 1.964 million, the highest since November 2021, with significant contributions from the Deep Tristate area.

12:40:04 AM IST, 04 Jul 2025

Nano Labs Expands Holdings with BNB Acquisition

Nano Labs Ltd has acquired 74,315 BNB in an OTC deal, totaling around $50 million, raising its cryptocurrency reserves to approximately $160 million.

12:35:06 AM IST, 04 Jul 2025

Tether Teams Up with Adecoagro for Bitcoin Mining

Tether has partnered with Adecoagro to explore renewable energy Bitcoin mining in Brazil, utilizing surplus energy from Adecoagro’s facilities.

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12:30:10 AM IST, 04 Jul 2025

U.S. House Passes Key Tax and Spending Legislation

On July 3, the U.S. House of Representatives voted to approve President Trump’s major tax reduction and spending bill, known as the ‘Big and Beautiful’ bill, with all Democrats and two Republicans opposing it.

12:25:03 AM IST, 04 Jul 2025

Senator Lummis Proposes New Crypto Tax Legislation

Senator Cynthia Lummis has introduced a standalone cryptocurrency tax bill to reform the U.S. tax code for digital assets, including a $300 transaction threshold and tax parity with traditional financial assets.

12:20:06 AM IST, 04 Jul 2025

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Ripple Labs’ Banking License Bid Fuels XRP Speculation

Ripple Labs’ application for a U.S. banking license has sparked considerable speculation regarding XRP’s price, with analysts observing bullish momentum and potential resistance levels.

12:15:05 AM IST, 04 Jul 2025

Sui Surges to $3 Amid Lion Group’s Treasury Plans

Sui (SUI) has reached around $3 following a week-long rally driven by Lion Group’s $600 million crypto treasury plan, marking a 15% increase over the past week.

12:10:07 AM IST, 04 Jul 2025

Stablecoin Regulations May Boost Crypto Market to Trillions

Bo Hines, Executive Director of Trump’s Digital Asset Advisory Committee, predicts that stablecoin legislation could drive the cryptocurrency market’s growth to between $15 trillion and $20 trillion.

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12:05:12 AM IST, 04 Jul 2025

Nano Labs Invests $50M in BNB Acquisition

Nano Labs has initiated its strategy to acquire up to $1B in BNB by purchasing 74,315 tokens for $50 million in an OTC deal, signaling a shift in its business model amid declining hardware revenues.

12:00:15 AM IST, 04 Jul 2025

Binance Enhances Pay Send for Crypto Transfers

Binance has rolled out two major upgrades to its Pay Send service, introducing features that improve the speed, security, and convenience of cryptocurrency transfers.

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Upexi Stock Soars 14.97% on Cryptocurrency Strategy Success

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Upexi Stock Soars 14.97% on Cryptocurrency Strategy Success

Upexi’s stock surged 14.97% in pre-market trading on July 21, 2025, marking a significant rise that has caught the attention of investors and analysts alike.

Upexi’s cryptocurrency strategy has proven to be a major success, with the company reporting a 67% weekly gain. This impressive performance has been driven by the company’s innovative approach to integrating cryptocurrency into its business model, which has resonated well with investors.

In addition to its cryptocurrency strategy, Upexi has also made strategic financial moves. The company recently closed a $150 million convertible note placement, which has provided it with additional capital to fuel its growth initiatives. This financial maneuver has been well-received by the market, contributing to the stock’s surge.

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President Donald Trump will sign a new cryptocurrency bill into law on Friday

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President Donald Trump will sign a new cryptocurrency bill into law on Friday

WASHINGTON (AP) — President Donald Trump on Friday will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimize the burgeoning industry.

The GENIUS Act sets initial guardrails and consumer protections for stablecoins, a type of cryptocurrency that is tied to a stable asset like the U.S. dollar to reduce price volatility. It passed both the House and Senate with wide bipartisan margins.

The measure is meant to bolster consumer confidence in the rapidly growing crypto sector. Its passage comes as Trump makes it a mission to make the U.S. the “crypto capital of the world.”

“Congratulations to our GREAT REPUBLICANS for being able to accomplish so much, a record, in so short a period of time,” Trump wrote on his social media site Friday morning as he announced the bill signing.

The House also passed two other bills Thursday that are meant to boost the legitimacy of the crypto industry. One creates a new market structure for cryptocurrency, and the other bans the Federal Reserve from issuing a new digital currency. Both measures now go to the Senate.

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What’s a stablecoin? House passes landmark bills to regulate the cryptocurrency

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What’s a stablecoin? House passes landmark bills to regulate the cryptocurrency


The Republican-controlled House on Thursday passed landmark legislation to regulate stablecoin in a big win for the cryptocurrency industry.

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  • The GENIUS Act creates a regulatory framework for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.
  • Advocates say the bill will protect consumers.
  • Democrats have raised concerns about President Trump’s financial ties to the crypto indusry.
  • Trump last year launched World Liberty Financial, which issued a U.S. dollar-backed stablecoin, and raised raised $550 million selling a different crypto coin known as $WLFI.
  • Trump also held a dinner in May for the top purchasers of the $TRUMP meme coin, owned by an affiliate of The Trump Organization.

WASHINGTON – The Republican-controlled House passed a trio of bills on July 17 that amount to a big win for a cryptocurrency industry that has helped make President Donald Trump tens of millions of dollars.

A piece of the landmark legislation package, dubbed the GENIUS Act, creates a regulatory framework for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.

Advocates say the primary bill will help protect consumers and set industry standards that could allow stablecoins to become mainstream for digital payments and other financial instruments.

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The main bill, approved by the Senate in June, passed the House by a vote of 308-122, with all Republicans and several Democrats voting in favor. It is now headed to Trump’s desk to be signed into law.

“This is a historic opportunity for the United States. After years of work, American innovators are one step closer to having the clarity they need to build here at home while ensuring the future of the digital economy reflects our values of privacy, individual sovereignty, and free-market competitiveness,” Republican Majority Whip Rep. Tom Emmer of Minnesota said in a statement. 

However, House leadership had hit unexpected hurdles midweek while trying to advance the three crypto bills, with the first procedural votes on July 16 breaking a record for the chamber by lasting about nine hours.

One measure barring the Federal Reserve from creating a central bank for cryptocurrency was a particular sticking point, with Republicans debating how to best set the bill up to succeed in a future Senate vote. It passed the lower chamber on July 17 entirely with GOP support in a 219-210 vote that fell along party lines.

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The Clarity Act, which defines when a cryptocurrency is a security or a commodity and clarifies the Securities and Exchange Commission’s jurisdiction over the entire financial sector, also passed the House on July 17 and must head to the Senate.

Senate Democrats have voiced concerns about Trump’s connections to the cryptocurrency industry. 

“The GENIUS Act will accelerate Trump’s corruption by supercharging the size of the stablecoin market and the reach and profitability of USD1,” said Sen. Elizabeth Warren, D-Massachusetts, on the Senate floor in May. 

One of the biggest money-making ventures for Trump was World Liberty Financial, a cryptocurrency platform launched last year. It brought in $57.3 million and it launched USD1, a U.S. dollar-backed stablecoin.

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Trump also held a dinner in May for the top purchasers of the $TRUMP meme coin, owned by an affiliate of The Trump Organization.

However, supporters of the bill maintained that it could help safeguard investors and help Americans have greater access to the financial system.  

“The golden age of digital assets is here, and the U.S. will lead,” said Wisconsin Rep. Bryan Steil in a statement. 

Contributing: Riley Beggin,  Medora Lee and Swapna Venugopal Ramaswamy, USA TODAY

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