Federal crypto reform is locked in for summer, with July, August, and September deadlines set to finalize rules and define SEC-CFTC boundaries for digital assets. White House Crypto Czar Confirms Timeline for Sweeping Digital Asset Reform U.S. lawmakers are rapidly aligning on long-awaited digital asset regulation, setting the stage for crypto markets and stablecoins to […]

White House Insider Reveals Crypto Bill Timeline: ‘July Will Be a Big Month’

XRP spiked Friday after Ripple CEO Brad Garlinghouse said the company is 
“closing this chapter once and for all” in its legal battle with the US 
regulator that began in December 2020.

XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

Ethereum is currently trading in a period of subdued price movement, 
reflecting broader consolidation across the crypto asset market. At the time 
of writing, ETH is trading around $2,423, marking a slight 0.9% daily decrease 
and standing more than 50% below its all-time high of $4,878. This stagnation 
has coincided with a broader lack of catalysts to drive a sustained rally, 
leaving traders cautious about Ethereum&#8217;s near-term trajectory. Despite this 
lack of price momentum, network activity on Ethereum tells a different story. 
Related Reading: Ethereum Reclaims $2,444 Level – Bullish Continuation In 
Focus Ethereum On-Chain Metrics Point to Increased Network Engagement 
According to CryptoQuant analyst Carmelo Alemán, the number of confirmed 
transactions on the Ethereum network recently spiked to 1,750,940, making it 
the third-highest daily transaction count in its history. Alemán notes this 
trend may signal underlying usage strength, even as market participants wait 
for a more significant price response. Alemán’s analysis focuses on Ethereum’s 
“Transaction Count (Total)” metric, which captures all forms of activity, 
including ETH transfers, smart contract executions, and interactions with 
decentralized applications and DeFi protocols. The recent surge reverses a 
months-long downtrend and represents the highest transaction count since 
January 14, when Ethereum recorded 1.96 million transactions. According to 
Alemán, this spike may be driven by increased arbitrage, trading activity, and 
interactions with Layer 2 networks, which continue to absorb substantial 
transaction volume. Platforms like Arbitrum and Optimism remain key 
contributors to Ethereum’s broader usage. He further points out that, despite 
ETH price volatility within the $2,100–$2,880 range in recent weeks, the 
uptick in network traffic may hint at early-stage accumulation or renewed DeFi 
interest. This dynamic, while not immediately reflected in the asset’s 
valuation, suggests that Ethereum’s core infrastructure continues to see 
meaningful use. Speculative Behavior and Exchange Flows Raise Short-Term 
Concerns Separately, another CryptoQuant analyst, Amr Taha, has examined 
Ethereum’s recent technical setup from a derivatives market perspective. Taha 
highlights that ETH funding rates on Binance have shifted from negative to 
positive territory, a sign that leveraged long positions are building, which 
may reflect expectations of continued price upside. However, this shift also 
raises the potential for overextension, particularly if longs begin to 
dominate positioning. Related Reading: Ethereum Fakes Out Bears – Altcoin 
Rally Depends On Key Level Breakout Taha also references a recent retest of a 
key short-squeeze zone, during which market participants who had shorted ETH 
were forced to close positions, triggering rapid buy orders. Such moves can 
generate short-term surges, but they’re often followed by correction phases 
once speculative energy fades. Meanwhile, exchange data showed more than 
177,000 ETH deposited on Binance over three days, indicating potential sell 
pressure or repositioning by large holders. Featured image created with 
DALL-E, Chart from TradingView

Ethereum’s Network Is Heating Up While Price Stalls, Is a Breakout Coming?

Mounting political scrutiny is targeting federal regulators amid explosive 
allegations that major banks were pressured to cut ties with lawful crypto 
businesses under shifting oversight rules. Federal Oversight Questioned Over 
Banks Dropping Lawful Crypto Businesses Political pressure is intensifying 
scrutiny on federal banking oversight as lawmakers investigate whether 
regulators have indirectly orchestrated efforts to freeze […]

House Committee Investigates Federal Pressure on Banks to Drop Crypto Clients

After breaking out of a bullish formation, SEI is attempting to reclaim a 
crucial level to continue its rally. Some analysts suggest that the 
cryptocurrency is preparing for another massive rally toward the $0.50 
resistance. Related Reading: Bitcoin Next Price Discovery Coming? Analyst 
Shares BTC’s 2025 Roadmap SEI Leads Crypto Market As the market recovers from 
the recent pullback, SEI has soared from its local low and broken out of 
crucial levels. Earlier this week, the cryptocurrency pulled a nearly 100% 
rally from its 16% drop. Notably, SEI’s price followed the rest of the market 
last week and retested the $0.15 level, a support not seen since early April. 
Over the weekend, the altcoin recovered the crucial $0.20 area before jumping 
nearly 70% at the start of the week. Since then, the token has been hovering 
between $0.24 and $0.29, attempting to break out of the $0.30 resistance on 
Friday morning. Following this performance, analyst Sjuul from AltCryptoGems 
named SEI the “Bull of the week,” highlighting the cryptocurrency’s “beast 
mode” fueled by “the record on-chain activity of the token that has brought in 
new investors and whales” to the network after the breakout. Notably, the 
cryptocurrency is leading the top 100 cryptocurrencies list with a 43% weekly 
surge, surpassing the performance of market leaders Bitcoin (BTC) and Ethereum 
(ETH). Crypto Raven noted that SEI “has done a great job of breaking out as 
the market is looking very fresh right now,” suggesting the cryptocurrency 
could rally another 70%. Per the post, “if the market supports a bit more, we 
can very well reach $.5 from here. Back to the glory days of SEI.” 
Nonetheless, the market watcher considers that the altcoin could consolidate 
around the current area for a short period before continuing its rally toward 
the Q4 2024 levels. $0.28 Reclaim Needed For Bullish Continuation Analyst 
Nebraskangooner highlighted a four-month inverse Head and Shoulders (H&amp;S) 
pattern on SEI’s chart, noting that it was confirmed after this week’s 
breakout. The cryptocurrency broke out of the formation’s neckline after 
Wednesday’s price action, pointing out that “anything down to key support 
would be a solid retest spot.” After the retracement to the $0.27 area, the 
cryptocurrency retested the neckline, which SEI must hold for bullish 
continuation. Notably, SEI’s price has held this level despite closing around 
the $0.25 mark on Thursday. Similarly, Michaël van de Poppe affirmed that SEI 
will likely continue to rally as a “massive” bullish divergence on its trading 
pair against Bitcoin suggests that the cryptocurrency’s price is reversing. 
Based on this, the analyst forecasted that investors could “see 300+ sats 
soon.” Related Reading: Solana Price At ‘A Very Delicate Level’ – Analyst Says 
$148 Reclaim Is Key Meanwhile, market watcher The Wyckoff Architect shared a 
Low Time Frame (LTF) analysis on SEI’s price action. To the analyst, a reclaim 
of the Fair Value Gap (FVG) at $0.285 will confirm bullish continuation, with 
the cryptocurrency consolidating before breaking out. On the contrary, failing 
to reclaim and hold this area would trigger a bear scenario and risk a drop to 
a new local low. As of this writing, SEI is trading at $0.28, a 12% increase 
in the daily timeframe. Featured Image from Unsplash.com, Chart from 
TradingView.com

SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

New York City is charging ahead to become the global crypto capital, backed by 
the mayor’s aggressive push to scrap stifling rules and embed blockchain 
citywide. ‘A Legacy to Leave’: NYC Mayor Pushes to Crown City as Global Crypto 
Capital A growing commitment to blockchain and digital assets is reshaping how 
New York City envisions […]