The United States Securities and Exchange Commission has asked asset managers eyeing regulatory approval for spot Solana exchange-traded funds to file revised Forms S-1 before the end of July. That’s according to a report by crypto publication CoinDesk, which noted…

SEC asks for swift refiling of Solana spot ETF applications

The U.S. government has backed away from its lawsuit against crypto mixer 
Tornado Cash after both the Department of the Treasury, crypto advocacy group 
Coin Center, and others, all agreed to have the suit declared moot, effective 
June 28, 2025, court documents show. Lawsuits are considered moot when there 
is no longer a need to […]

US Government Backs Down in Tornado Cash Lawsuit

Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength 
despite expectations that the US Federal Reserve (Fed) will keep interest 
rates unchanged at its upcoming July 30 meeting. However, some indicators 
suggest that the market may be entering overheating territory. Bitcoin Market 
Entering Overheating Territory? According to a recent CryptoQuant Quicktake 
post by contributor burakkesmeci, the Bitcoin Network Value to Transaction 
(NVT) Golden Cross is on the rise. Importantly, this upward movement is 
beginning to signal signs of market overheating. Related Reading: Bitcoin 
Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising For 
the uninitiated, the Bitcoin NVT Golden Cross is a technical indicator that 
compares short-term and long-term moving averages of the NVT ratio to identify 
potential market tops or bottoms. When the short-term NVT crosses above the 
long-term average, it often signals that Bitcoin is becoming overvalued and 
may face a short-term correction. Notably, this indicator has successfully 
predicted three local tops so far in 2025. The first occurred on February 5, 
when the NVT Golden Cross hit 2.68 while BTC traded at $97,600, followed by a 
23.65% correction. On March 24, the indicator peaked at 2.87 with BTC around 
$87,500, leading to a subsequent correction of 16.06%. Most recently &#8211; on June 
16 &#8211; it rose to 2.21 with BTC trading at $106,800, which was followed by a 
9.87% price dip. Currently, the NVT Golden Cross stands at 1.98. Although it 
hasn’t crossed the key 2.2 threshold yet, its upward trajectory suggests that 
market overheating could be brewing. The CryptoQuant analyst explained: 
Breaking its previous high is moderately bullish and shows momentum is 
building. If the metric crosses 2.2 again, it may hint at a local top. But 
don’t rush to exit &#8211; historically, the metric has stayed above 2.2 for several 
days. In conclusion, burakkesmeci noted that while crossing the 2.2 level 
might suggest Bitcoin is heating up in the short-term, it could also signal a 
return of bullish momentum in the medium-term. That said, the opinion on BTC&#8217;s 
short-term price trajectory is largely divided. Analysts Split Over BTC Price 
Action ​​The NVT Golden Cross suggests that BTC may still have room to rally 
before hitting a potential local top. However, some analysts foresee a short- 
term pullback before Bitcoin reaches new highs. Related Reading: Bitcoin 
Network Volume Echoes Mid-2021 ‘Stable Equilibrium’ – Is A Big Move Brewing? 
For instance, noted crypto analyst Chistian Chifoi described the current BTC 
price action as a “deceptive setup,” warning it may trap bulls before a 
possible surge toward a new all-time high (ATH) of $160,000. Meanwhile, on- 
chain analytics firm Glassnode forecasts BTC’s short-term peak at $117,000. At 
press time, BTC trades at $108,204, down 0.1% in the past 24 hours. Featured 
image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

Even with the opposition of the Trump Administration, the issuance of a BRICS 
currency, even if it is used only for trade purposes, seems unavoidable as the 
bloc continues to grow to become a world power rivaling the Group of Seven 
(G7). Latam Insights Encore: A BRICS Currency Is Unavoidable While the dollar 
loses value […]

Latam Insights Encore: A BRICS Currency Is Coming, Sooner or Later

Ether has appreciated nearly 90,000% in the 10 years since the two Ethereum 
wallets received their coins.

Two Ethereum Genesis wallets wake, move $2.9M ETH

Crypto analyst Javon Marks has provided a bullish outlook for the Shiba Inu 
price, predicting a potential rally of 180%. The analyst alluded to an 
indicator that suggests that SHIB can record this explosive rally, reclaiming 
the psychological $0.00002 level in the process. Shiba Inu Price Eyes 180% 
Rally As MACD Forms Bullish Divergence In an X post, Javon Marks stated that 
the Shiba Inu price has formed a clear Bullish Divergence with its Moving 
Average Convergence Divergence (MACD). He further remarked that this points to 
a nearly 180% upside for SHIB to rally to $0.000032. Marks added that this may 
only be the start of a much larger positive reversal for the meme coin. 
Related Reading: 65% Of Shiba Inu Holders Suffer Massive Losses As Curse Of 
June Takes Hold His accompanying chart showed that the Shiba Inu price could 
hit this target between now and year-end. This provides a bullish outlook for 
the meme coin, which has greatly underperformed this year. SHIB has recorded a 
45% loss year-to-date (YTD). Meanwhile, the coin is also down over 8% in the 
last 30 days. This represents a change of fortune for the meme coin, which 
recorded a gain of around 150% in 2024. However, based on Javon Marks’ 
analysis, the Shiba Inu price could still end this year in the green if it 
records this projected 180% rally. SHIB could also reclaim one of the top 10 
spots in the ranking of cryptocurrencies by market cap. Fundamentals like the 
SHIB burns and network activity could spark this momentum for the Shiba Inu 
price. In an X post, a SHIB community member revealed that the meme coin has 
just shattered another record. Over 1.5 million on-chain wallets now hold the 
meme coin, with the number still rising. However, the SHIB burns will need to 
pick up as they remain unstable. Shibburn data shows that the daily burns have 
crashed by over 82%, with 1.5 million SHIB burned in the last 24 hours. The 
burn rate is also down around 11% in the last seven days, with 48 million SHIB 
burned during this period. SHIB Can Rally As Much As 600% Javon Marks is still 
confident that the Shiba Inu price can rally as much as 600% in the long term. 
He recently stated that the $0.000081 target for SHIB remains unchanged and 
that sights are still on an over 609% uphill run to reach it in response to a 
massive holding breakout of the displayed resisting trend. Related Reading: 
Can The Shiba Inu Developer Push SHIB Price To $0.01? Expert Responds The 
analyst remarked that due to the post-breakout action, he sees this target 
being broken above, bringing $0.0001553 in play. Marks, however, failed to 
provide a specific timeline for when this 600% Shiba Inu price rally could 
occur. At the time of writing, the Shiba Inu price is trading at around 
$0.00001181, up over 3% in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com