Investors are uncertain and moving their Bitcoin off exchanges, while stablecoins are set to take off after GENIUS passed.

Stablecoins add $4B, Bitcoin exchange reserves below 15%: July in charts

Play Solana has launched a limited edition handheld console in collaboration 
with Pudgy Penguins, linking each unit sold to a burn of PENGU tokens. Play 
Solana has launched a limited edition gameboy in collaboration with Pudgy 
Penguins (PENGU), with each…

Pudgy Penguins and Play Solana launch limited edition gameboy with PENGU token burn on every sale

Pudgy Penguins ($PENGU) is making a comeback after a sharp decline, showing 
several signs that the meme coin trend might be shifting. As $PENGU gains 
momentum, new players in the crypto market, like Maxi Doge ($MAXI), are 
showing interest. The standout? A fresh TD “9” buy signal right at a key 
demand zone – a setup traders often watch for early reversals. Add in a 
bullish RSI divergence, a surge in on-chain activity, and the fact that $PENGU 
has now flipped $BONK to reclaim its spot as one of the top Solana meme coins, 
and the stage is set for what could be a serious bounce. After all, when the 
leading meme coins wake up, the whole sector – including fresh crypto presales 
– tends to run. Why Analysts are Bullish on $PENGU The TD Sequential “9” buy 
signal flashing on $PENGU is a classic sign of trend exhaustion, often 
preceding sharp reversals. Its appearance at the $0.036 demand zone (a key 
trendline support) adds conviction, suggesting that sellers may run out of 
steam. Momentum indicators are reinforcing the case. The RSI shows a clear 
bullish divergence, hinting at waning selling pressure and the potential for 
an upside shift. On-chain metrics strengthen this outlook: $PENGU has 563K+ 
holders, recently flipped $DOGE in trading volume on some exchanges, and daily 
active addresses have climbed to 20K. These figures highlight growing 
participation and point to it being among the best meme coins. That’s 
regaining strength, not fading away. Next Price Targets and Technical Outlook 
Analyst Lennaert Snyder believes $PENGU is primed for a breakout above $0.043, 
with a potential rally toward $0.073 if momentum holds – a view supported by 
the latest chart structure. This projection hinges on $PENGU maintaining its 
critical $0.036 support, which has repeatedly acted as a springboard for 
recoveries. In the near term, $0.041 is the first key resistance, followed by 
$0.045, where stronger selling pressure may emerge. A decisive move through 
these levels would confirm a broader trend reversal and open the door to 
Snyder’s target zone. Conversely, losing $0.036 could invalidate the bullish 
setup. However, the confluence of strong support, improving indicators, and 
rising participation suggests $PENGU’s next move may be higher. Meme Season 
Ignites Meme coin season is heating up again, and $PENGU is leading the 
charge. Now the top meme coin on Solana with a $2.4B market cap and trading at 
$0.0383, its recovery reignites interest across the sector. Historically, 
smaller-cap meme plays tend to follow suit when a leader like $PENGU flashes 
bullish signals. This rotation effect is already drawing attention to new 
presales, with Maxi Doge ($MAXI) emerging as one of the most-watched 
contenders in the current meme coin pipeline. Maxi Doge ($MAXI): Meme Coin 
With High-Octane Hype Maxi Doge ($MAXI) is a full-blown spectacle, and it’s 
already moving fast. Having pulled in over $100K within days of launch, the 
project has tapped into high-octane hype that only the most unhinged corners 
of crypto can deliver. This isn’t your typical “cute dog” narrative. $MAXI 
comes with a 1,000x leverage mindset, a protein shake-fueled community, and a 
mission statement that reads more like a locker-room pep talk than a 
whitepaper. Its satirical edge is what’s making it stick. This project leans 
hard into the absurdity – backed by early staking rewards of a staggering 
1,860%- from memes of Maxi Doge bench-pressing Dogecoin to Red Bull-fueled 
trading marathons. And that’s exactly why it’s catching fire. Traders aren’t 
just buying a token; they’re buying into a movement gunning to out-muscle 
Dogecoin’s legacy and flex its way onto the meme coin leaderboard. If $PENGU 
is the comeback kid, $MAXI is the gym rat kicking down the door. Final 
Thoughts: Penguins March, Doges Flex Pudgy Penguins’ fresh TD “9” signal, 
bullish RSI divergence, and on-chain momentum make it the meme coin to watch 
as it claims the Solana crown. But the real kicker is how this resurgence 
often sparks broader meme coin rotations, and Maxi Doge’s satirical, high- 
energy presale is already capitalizing on that wave. With $PENGU at $0.03830 
and $MAXI offering 1,860% early staking rewards, this could be one of those 
rare windows where the meme coin market flips from quiet to chaotic in a 
hurry. If you’re hunting early plays, it might be time to keep one eye on the 
charts and the other on presales. Just remember: in meme coin land, the only 
constant is volatility. This is not financial advice. Meme coins are highly 
speculative and can be extremely volatile. Always do your own research (DYOR) 
and never invest more than you can afford to lose.

Memecoins Are Back: Pengu Flashes Buy Signal as Maxi Doge Raises $100K in Presale

Crypto derivatives have become the backbone of modern digital asset markets, 
powering liquidity and risk management for both retail and institutional 
players. In 2024, derivatives trading volumes dwarfed spot markets, with 
perpetual swaps alone reaching $58.5 trillion across major centralized 
exchanges and decentralized platforms posting 138% YoY growth. With 
institutions now driving over 80% of […]

Crypto Derivatives 101 – Market Breakdown: Who’s Winning the Race?

A task force established by President Donald Trump has issued a comprehensive 
crypto report advocating for clearer regulations governing digital asset 
markets. Released on Wednesday, the report calls on federal regulators to 
utilize their existing authority to create more definitive rules surrounding 
the trading of digital assets, thereby facilitating the adoption of innovative 
financial products. White House Crypto Report According to Bloomberg, the 
White House described the report as an essential step toward positioning the 
United States at the forefront of the blockchain revolution. &#8220;By implementing 
these recommendations, policymakers can usher in the Golden Age of Crypto,&#8221; 
officials stated in a fact sheet accompanying the report from the Working 
Group on Digital Asset Markets. Related Reading: BlackRock Goes Heavy on 
Ethereum: Buys 4x More ETH Than BTC Formed through an executive order signed 
by Trump in January, the task force has proposed a variety of policy measures 
aimed at addressing the complexities of the digital asset landscape. Among its 
key recommendations is the urgent passage of the Digital Asset Market Clarity 
Act, which seeks to eliminate regulatory gaps by granting the Commodity 
Futures Trading Commission (CFTC) authority to oversee spot markets for non- 
security digital assets. The report also emphasizes the need to embrace 
decentralized finance (DeFi) technologies as a vital component of the evolving 
financial ecosystem. The report also urges both the Securities and Exchange 
Commission (SEC) and the CFTC to act swiftly, providing clarity on critical 
issues such as registration, custody, trading, and recordkeeping to enable 
federal-level trading of digital assets. Bitcoin Reserve With 198,000 Seized 
Coins These recommendations come on the heels of Trump&#8217;s recent signing of a 
congressional bill called the GENIUS Act, aimed at regulating stablecoins, 
marking a significant victory for the cryptocurrency industry. This new law 
establishes rules for US dollar-backed stablecoins, which proponents believe 
will pave the way for broader integration of digital assets into the financial 
system. The White House has indicated that additional details about the 
Strategic Bitcoin Reserve will be forthcoming. This reserve is expected to 
consist of approximately 198,000 Bitcoin that the government has seized from 
criminal cases and other proceedings. Related Reading: XRP Traders Pull Back 
$2.4B—Brace For Impact Or Buy The Dip? An executive order issued earlier this 
year mandated that the Treasury Department retain these Bitcoin holdings, with 
directives to explore budget-neutral methods for acquiring more. The report 
also addresses other crucial issues, including the need for clarity on Bank 
Secrecy Act obligations to strengthen anti-money laundering (AML) efforts. On 
tax policy, it recommends that Congress classify digital assets as a new 
category subjected to modified tax rules applicable to securities or 
commodities. Furthermore, it calls for legislation to extend wash sale rules 
to digital assets, preventing investors from claiming tax losses on securities 
if they repurchase similar assets within a designated timeframe. Featured 
image from DALL-E, chart from TradingView.com

Trump-Appointed Group Calls For Easier Crypto Regulations From Federal Authorities

The Philippine government launched a blockchain-based document validation 
system on Polygon, despite the network suffering an outage on the same day.