Ego Death Capital raises $100 million for Bitcoin startups, while Robinhood face scrutiny over its equity token offerings.

Crypto Biz: Bitcoin VC surges, Robinhood faces tokenization scrutiny, CZ debunks Golden Visa hype

Bitcoin’s summer rally accelerated in the early hours of 11 July, when the 
benchmark cryptocurrency sliced through $118,000 and printed exchange highs 
that peaked above $118,800, depending on venue data. The spike wiped out an 
estimated $1.25 billion in short positions within a single trading day, 
according to CoinGlass figures. Bitcoin Bull Trap Or Breakout? Capriole 
Investments founder Charles Edwards took to X as the breakout unfolded. “New 
all-time highs beget new ATHs. It’s usually unwise to ignore a major breakout 
like this, until invalidated,” he wrote, adding that corporate treasury demand 
has “grown exponentially, with dozens of new companies popping up in recent 
months.” Edwards’ base-case projection calls for a further 50–70 percent 
advance over the next six months—roughly $170,000–$196,000. Related Reading: 
Research Predicts $160,000 Bitcoin By EOY—If Treasury Firms Hold His focus on 
treasuries is backed by hard data. Public companies added a record 159,107 BTC 
in Q2—pushing aggregate corporate holdings above 847,000 BTC, or about four 
percent of max supply. Corporate Bitcoin acquisitions have even outpaced ETF 
net inflows. Matthew Sigel, head of digital-asset research at VanEck, framed 
Bitcoin’s trajectory within a broader macro and policy backdrop. “The natural 
course for Bitcoin remains higher, driven by persistent US debt and deficit 
problems, demographic tailwinds, a weakening dollar, growing momentum around 
Fed rate cuts, and the potential for a new Fed chair next year,” he wrote on 
X. Sigel also highlighted Capitol Hill’s looming “Crypto Week,” where 
stablecoin legislation is widely viewed as the most passable of several 
digital-asset bills. Those developments, he argues, make $180,000 “very much 
in play for 2025.” Law-makers appear to share the sense of urgency. A press 
statement from the House Financial Services Committee confirms that the week 
of 14 July will be dedicated to advancing the CLARITY Act, the Anti-CBDC 
Surveillance State Act and the GENIUS Act. Passage would establish the first 
comprehensive federal framework for stablecoins and market structure, a change 
Sigel says could “unlock wide-open capital markets” for the sector. Related 
Reading: Bitcoin Is One Candle Away From $141,300 Breakout, Chart Master Warns 
Spot Bitcoin ETFs are hardly idle: net inflows into BlackRock’s iShares fund 
alone have pushed its holdings past 700,000 BTC in the 18 months since launch. 
Yet Edwards and Sigel both note that treasury companies have become the 
marginal buyer in 2025. The dynamic creates what Edwards calls a “cap-raising 
flywheel,” as firms showcase outperforming share prices—up nearly 60 percent 
year-to-date for the treasury cohort—when courting investors. Notably, the 
rally is unfolding against a supportive macro backdrop. Federal Reserve 
Governor Christopher Waller told a Dallas Fed audience he is “open to cutting 
the policy rate in July,” arguing current settings are “too tight” given 
waning inflation pressures. Meanwhile, US President Donald Trump continued his 
attacks on Fed chair Jerome Powell over the past weeks, demanding immediate 
rate cuts. Trump’s tariff escalation also seems to fade out, supporting the 
Bitcoin rally. Notwithstanding euphoric headlines, technicians warn that 
momentum must sustain above $110,000 to avoid a failed-breakout pattern. “This 
theory would be weakened with closes below $110K and invalidated below $105K,” 
Edwards concludes. At press time, BTC traded at $117,854. Featured image 
created with DALL.E, chart from TradingView.com

Bitcoin Soars Past $118,800—Breakout Or Brutal Bull Trap?

Institutional investors across the EU and UK are significantly increasing 
their cryptocurrency allocations, with 86% planning to boost holdings or enter 
the market in 2025, according to a Coinbase and EY-Parthenon survey of 97 
institutions. DeFi Engagement Set to Jump 2.5x in European Institutions Half 
of respondents intend to allocate over 5% of their assets […]

EU and UK Crypto Allocations Surge: Half to Devote 5%+ of AUM by 2025

The Ethereum price is once again gaining momentum and looks set to reach new 
highs. Crypto analyst Doctor Profit commented on how the altcoin has broken 
through a crucial moving average (MA). Meanwhile, ETH’s dominance is again on 
the rise. Ethereum Price Breaks 50EMA On Weekly Chart In an X post, Doctor 
Profit stated that after 9 weeks of constant rejection at the EMA50 on the 
weekly chart, the Ethereum price has finally broken through. He claimed that 
it was a very good sign, as it suggests that ETH will reach higher targets in 
the coming weeks. The break above the 2,600 EMA50 level came as the broader 
crypto market rallied. Related Reading: Ethereum Is Already Outperforming 
Bitcoin In July, Is Altcoin Season Here? This rally has been led by the 
Bitcoin price, which has reached new all-time highs (ATHs). Based on this, the 
Ethereum price is expected to also reach new highs, with the yearly high of 
$3,600 already in sight. A reclaim of this level could also pave the way for 
ETH to reclaim the psychological $4,000 level. Meanwhile, crypto analyst Rekt 
Capital alluded to the rising dominance of the Ethereum price. He noted that 
this ETH dominance fractal will not be a copy-paste version of what happened 
between 2019 and 2020. However, the analyst claimed that the recent rise to 
10% of the dominance level shows that Ethereum wants to become more market- 
dominant in the coming months. BitMEX co-founder Arthur Hayes also believes 
that it is time for the Ethereum price to make its move. In an X post, he 
predicted that the altcoin could reach as high as $10,000 on this upward 
trend. He made this prediction while highlighting ETH’s chart against its BTC 
pair, suggesting that he also agrees that Ethereum’s dominance will rise in 
the coming months. ETH’s Move To Trigger Altcoin Season In an X post, crypto 
analyst Mikybull Crypto stated that the Ethereum price is following the 
Wyckoff re-accumulation schematic. He further remarked that this massive move 
will trigger altcoin season after ETH reaches the “SOS” level around $3,000. 
His accompanying chart also showed that he expects Ethereum to reach as high 
as $3,200 in the short term. Related Reading: Ethereum Price Targets $3,000 As 
Analyst Calls It A ‘Powder Keg’ In another X post, Mikybull Crypto alluded to 
the fact that Bitcoin’s dominance was dumping even as the BTC price rises. The 
analyst remarked that this development means something, hinting at a potential 
altcoin season on the horizon. This is bullish for the Ethereum price and 
other altcoins as they would outperform BTC during this period. It is worth 
mentioning that Mikybull Crypto has also predicted that ETH can reach $10,000 
in this market cycle. At the time of writing, the Ethereum price is trading at 
around $2,988, up over 7% according to data from CoinMarketCap. Featured image 
from iStock, chart from Tradingview.com

Ethereum Price Breaks Through 50EMA After Rejection, ETH Dominance Sees Resurgence

Bitcoin’s parabolic rally could last until Christmas with a cycle top near 
$300,000, according to one analyst.

Bitcoin Christmas rally to $200K or $300K possible based on ‘power law’ model

A top crypto analyst is making waves with a strong call: Going all-in on XRP 
should be a priority. That’s the message from Oscar Ramos, a widely followed 
figure in the crypto world, as the market turns green again. Related Reading: 
Solana Breaks Out Of Symmetrical Triangle—Next Stop $164? Bitcoin just hit a 
new all-time high of $118,250 Friday, helping to fuel momentum across 
altcoins. XRP has been one of the top gainers during this run, jumping above 
$2.65 and showing signs of strength. At press time, it’s trading around 
$2.69—up over 10% in just a day. Ripple&#8217;s Stablecoin, BNY Mellon Partnership 
Spark Optimism The rising interest in XRP isn’t only about price moves. 
Ripple, the company tied closely to the altcoin, is rolling out developments 
that many say are pushing it into the spotlight again. Going ALL IN on $XRP 
should be a priority — Oscar Ramos (@realOscarRamos1) July 9, 2025 XRP Futures 
ETFs On The Way The excitement around XRP is also getting a push from ETF 
news. Several futures-based XRP exchange-traded funds are lined up to launch 
this July. ProShares is preparing three futures ETFs with a planned rollout on 
July 14. 🐳 XRP&#8217;s market value has hit a 7-week high, crossing above $2.39 for 
the first time since May 23rd. What to watch for are the rising number &amp; 
collective balances of whales holding at least 1M $XRP. There are currently 
2,742 wallets holding at least 1M XRP, one off from… 
pic.twitter.com/UPPlSWq7TD — Santiment (@santimentfeed) July 9, 2025 Two other 
firms are also stepping in. Turtle Capital will debut a 2X Long XRP ETF on 
July 21, while Volatility Shares has two more ETFs planned for the same date. 
Although the SEC hasn’t approved a spot XRP ETF yet, more than 10 applications 
are still under review. Related Reading: XRP Price Builds Momentum — $2.50 
Break Sparks Fresh Bullish Wave Whale Wallets Near All-Time High Another clear 
signal of growing confidence is coming from large XRP holders. Based on the 
latest data from Santiment, wallets holding at least 1 million XRP are now at 
2,742—just one below the record of 2,743. Price Holds Steady As Bullish 
Sentiment Grows XRP is holding above $2.68 for the first time since May. Over 
the past 30 days, it had 16 green days out of 30, with price volatility 
sitting at 3.85%. According to the current forecast, the price could see a 
minor dip of 0.60% to around $2.57 by August 10. Featured image from Unsplash, 
chart from TradingView