Dubai is advancing its payment systems by integrating cryptocurrency options through partnerships between Emirates Airline and Dubai Duty Free with the digital asset platform Crypto.com. This initiative follows the signing of strategic Memorandums of Understanding (MoUs) aimed at enhancing digital finance innovation in the region. Dubai Duty Free, which reported over $1.12 billion in sales […]

Crypto Takes Flight: Emirates and Dubai Duty Free Announce Crypto Payment Plans

Bonk is pressing into a multi-layered resistance zone. Without a breakout, 
price risks a pullback toward the lower boundary of its pennant structure, in 
line with the 0.618 Fibonacci and value area low. Bonk (BONK) is trading at a 
critical…

Bonk crypto risks rejection at key resistance: breakout or correction within a pennant?

Solana is exhibiting strong bullish signs supported by moving averages, 
volume, and momentum indicators, which hint at a short-term pause or 
consolidation in the rally. What Bulls Need To Watch To Sustain The Rally In 
an X post, Gemxbt stated that the Solana 1-hour chart has displayed a bullish 
market structure, with the price trading above the 5, 10, and 20-day moving 
averages. The indication of short-term moving averages signals strong upward 
momentum, which shows that buyers are in control. The recent price action has 
been supported by notable volume spikes, confirming the strength behind the 
upward moves and adding credibility to the rally. Related Reading: Solana 
Whale Moves $152 Million In One Splash—What’s Going On? The key resistance is 
around $154, where SOL has previously faced selling pressure. This zone will 
determine whether bullish momentum can push the price higher. On the downside, 
support is sitting near $150, which is acting as a cushion to absorb any 
immediate selling pressure and prevent a deeper pullback. The Relative 
Strength Index (RSI) is approaching overbought territory, which may signal 
that the asset is due for a period of consolidation or sideways movement 
before continuing its climb. Meanwhile, the Moving Average Convergence 
Divergence (MACD) has recently shown a bullish crossover, reinforcing the 
uptrend and suggesting the upward momentum could continue if buying interest 
persists. Crypto investor and trader Theodor Coin also revealed that the 
Solana 1-hour chart is showing a clear recovery after the dip seen in early 
July. The open interest is trending upward and has now surpassed $3.62 
billion. An increase here typically indicates growing trader market 
engagement, which is a precursor to heightened volatility and significant 
price moves. From here, a breakout above the $154 resistance could unleash a 
powerful rally fueled by the increasing market interest and positive momentum. 
Uptrend Line Remains Intact — A Positive Sign A crypto analyst known as Day on 
X also updated that Solana is holding above the long-term support area around 
$120 on the weekly chart, a level that has been a launchpad for rallies. 
Related Reading: Solana Ready For $160 Reclaim? Analysts Say Breakout Is A 
Matter Of Time The long-term uptrend line remains intact, and with each higher 
low, the case for a massive cup-and-handle pattern becomes stronger. However, 
this pattern won&#8217;t confirm until SOL breaks above the critical $250 resistance 
zone, a level that capped price action during the previous rally. If SOL 
manages to break out above the $250 zone, it could unlock a measured move 
price target of $500, which marks a milestone in Solana&#8217;s recovery and 
expansion. The analyst also noted that SOL is not there yet, and that the 
first step for bulls is reclaiming $185 resistance level, which has 
consistently rejected upside attempts. featured image from iStock images, 
chart from tradingview.com

Is Solana About To Break Out? Key Levels And Indicators Say Watch Closely

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The hearing notice suggested a focus on a tax framework for digital assets, 
but did not mention specific witnesses or policies previously proposed.

US lawmakers to discuss crypto tax policy amid push to pass three bills

World Liberty Financial, a decentralized finance (DeFi) platform backed by 
President Donald Trump and his family, is poised to launch its WLFI token, 
which could hold significant profits for early investors. WLFI Token Launch 
Approaches The company announced on July 4 that it has initiated steps to have 
its flagship token listed on cryptocurrency exchanges, marking a crucial 
milestone after months of anticipation. The WLFI token, which was introduced 
last year as a non-transferable governance token, is designed to facilitate 
community voting on the project&#8217;s future direction. Related Reading: Tether 
Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin 
Secondary market trading has already commenced on platforms like Whales.market 
and MEXC, where WLFI has recently traded between $0.13 to $0.18, a notable 
increase from its initial sale prices of $1.5 and $0.5. According to the 
project’s white paper, entities affiliated with the Trump family may 
collectively hold about one-third of WLFI’s total supply of 100 billion 
tokens. At current prices, these holdings could represent billions of dollars 
on paper. Bruno Ver, market expert and investor in the WLFI token, expressed 
optimism about its potential value, predicting it could reach between $2 and 
$5 in the near future. If the token were to climb to $2, the stake held by the 
founding entities could theoretically be worth around $60 billion, making it 
one of the most lucrative Trump-related crypto ventures to date. Recent 
estimates suggest that crypto businesses have already added approximately $620 
million to Donald Trump’s personal net worth, according to the Bloomberg 
Billionaires Index. Experts Warn Of Risks Despite the enthusiasm surrounding 
WLFI, the White House has emphasized that President Trump is distanced from 
his business interests, having placed his assets in a family-controlled trust. 
The current proposal for token release, dated July 4, aims to unlock a portion 
of tokens held by &#8220;early supporters,&#8221; although the term lacks a specific 
definition within the documentation. Remaining tokens, including those held by 
founders and team members, would be subject to future votes and longer lock-up 
periods to signal a commitment to the project. The proposal is expected to 
undergo discussion and voting on the Snapshot platform, with a potential 
timeline extending into August. Related Reading: Analyst Predicts 2,000% 
Cardano Rally: ‘Fractal Is Too Clean To Ignore’ However, experts caution that 
the path to a successful launch might come with risks for early holders. Lex 
Sokolin, managing partner at Generative Ventures, pointed out that tokens with 
substantial founder and investor allocations often experience significant 
price declines over time. World Liberty Financial’s token launch and the Trump 
family’s increased interest in digital assets comes on the heels of notable 
regulatory changes in the US as the Securities and Exchange Commission (SEC) 
has adopted a more lenient stance toward crypto. This may signal a sense of 
confidence from WLFI regarding regulatory scrutiny. Hilary Allen, a law 
professor at American University, noted that this shift suggests WLFI no 
longer perceives a threat from the SEC. Featured image from DALL-E, chart from 
TradingView.com