Justin Sun, the founder behind the Tron crypto network, announced Wednesday 
that Tron plans to scoop up $100 million worth of the meme token official 
TRUMP. The reveal came after the X account @Gettrumpmemes shared earlier this 
week that TRUMP will soon be integrated with the Tron blockchain. Tron 
Founder’s $100M TRUMP Token Grab Tron […]

Tron’s MAGA Moment? Justin Sun Commits $100M to TRUMP Meme Coin

Bitcoin’s price movement remains in focus as it continues to consolidate just 
below its previous all-time high. Despite a brief surge that brought it within 
range of its $111,000 peak, the asset has struggled to establish a breakout. 
As of the time of writing, Bitcoin is trading around $108,927, representing a 
0.2% increase over the past 24 hours. The persistence of this consolidation 
phase comes amid growing market discussions around spot and derivatives 
behavior. Related Reading: Bitcoin’s Liquidity Lifeline Just Got Cut—What You 
Need To Know Binance Spot-Perpetual Delta Reflects Cautious Leverage One of 
the more notable on-chain observations comes from CryptoQuant contributor 
BorisVest, who analyzed the prolonged negative delta between spot and 
perpetual prices on Binance. According to the analyst, this delta has remained 
in negative territory since December 2024. That means the spot price of 
Bitcoin has consistently traded above the perpetual futures price on Binance, 
an unusual structure during what appears to be a bullish market trend. “When 
the delta flipped negative last December, Bitcoin had just marked a then-ATH,” 
BorisVest noted. He explained that this divergence signaled an aggressive 
buildup of long positions in the perpetual market, just before Bitcoin 
corrected to $74,000. Despite Bitcoin reaching new highs recently, the delta 
still hasn’t reversed. “The sustained gap shows that leveraged traders have 
yet to commit to the rally in full,” he added. This trend could indicate a 
phase of accumulation in the spot market, which historically precedes stronger 
price movements. The analyst also warned that when perpetual prices eventually 
flip above spot prices, it may signal a shift toward a more speculative 
environment. In such scenarios, sudden price corrections could occur if long 
positions are unwound rapidly. Traders monitoring the spot-perpetual 
relationship can potentially use this as a signal to adjust their risk 
exposure. Dollar Weakness May Signal Tailwinds for Bitcoin Another CryptoQuant 
analyst, Darkfost, highlighted a macroeconomic trend that could further 
influence Bitcoin’s trajectory, the weakening US dollar. The US Dollar Index 
(DXY), which tracks the value of the dollar relative to a basket of foreign 
currencies, is currently trading at its most significant deviation below its 
200-day moving average in over two decades. This decline coincides with rising 
US debt levels and has historically aligned with strength in risk-on assets 
like Bitcoin. Darkfost pointed out that when the dollar loses its traditional 
safe-haven appeal, capital often flows toward alternative assets. Related 
Reading: Bitcoin Price Crash To $92,000 Or New ATHs? Analyst Explains The 2 
Options “Historical data shows that these periods have consistently benefited 
Bitcoin,” the analyst stated. While Bitcoin has yet to respond in full to this 
shift, the trend could support a future upward move, especially if liquidity 
continues to increase. Featured image created with DALL-E, Chart from 
TradingView

Bitcoin Consolidates Below All-Time High as Spot Market Drives Momentum

KULR Technology Group Inc. (NYSE American: KULR) has expanded its bitcoin ( 
BTC) mining operations, the company announced July 9. KULR Reaches 750 PH/s 
Bitcoin Mining Milestone On Wednesday, KULR disclosed that it deployed 3,570 
Bitmain S19 XP 140 terahash per second (TH/s) bitcoin mining machines at 
facilities in Asunción, Paraguay. This deployment increases KULR’s […]

KULR Mining Hits 750 PH/s With New Bitmain Mining Rigs Stationed in Paraguay

PENGU appears poised to extend its ongoing rally after successfully breaking 
above the neckline resistance of a cup and handle pattern on the daily chart. 
Pudgy Penguins (PENGU) rose over 23% intraday to hit $0.0177, its highest 
price since January…

PENGU breaks out of cup and handle with 75% upside potential

World Liberty Financial, a crypto project tied to U.S. President Donald Trump 
and his sons, has launched a governance vote that could make its WLFI token 
tradable across public markets. The proposal went live on July 9 via the 
platform’s…

Cryptocurrency price in BHD