Cryptonews

As the United States grapples with a budget crisis that would make even the most extravagant czar blush, President Trump’s much-touted fiscal responsibility bill has turned out to be a Trojan horse, poised to inflate the national deficit by a staggering $7 trillion over the next decade. This fiscal sleight of hand has sent shockwaves through the markets, driving investors to seek refuge in assets that are both scarce and free from the whims of central banks.

The poor ol’ Bitcoin price tumbled faster than a greased pig at a county fair, briefly dipping below the $117,000 mark and hitting a low of $116,218. But, don’t get too comfy, it bounced back just a smidge – enough to let us breathe for a second, that is. 💸

XRP price started a fresh increase after it settled above the $2.650 level, like Bitcoin and Ethereum. The price was able to climb above the $2.80 resistance level. It’s like XRP is the cool kid at the party, everyone’s watching to see what it does next.

A scathing critique of crypto treasury strategies is casting a shadow over bitcoin’s record surge, igniting fresh skepticism from influential economists and market commentators. American economist and professor of applied economics Steve Hanke stated on social media platform X on July 14:

Bitcoin [BTC], in an unexpected turn of events, may be readying itself for yet another spectacular rise, akin to a phoenix bursting dramatically from the ashes, or perhaps just a particularly caffeinated popcorn kernel.

In the gloriously tumultuous second quarter of 2025, China’s economy—or shall we say, its beast of burden—expanded at an impressive 5.2%, shamelessly eclipsing the expectations set forth by analysts, who presumed it would merely flop at 5.1%. The esteemed National Bureau of Statistics, in a dramatic flourish, revealed this sustained momentum, all while the world engaged in its customary ritual of trade tension dance-offs! 💃📈

As reported by CoinShares, US-based investment funds attracted approximately $3.74 billion, whereas German funds experienced outflows totaling about $85.7 million. This trend highlights a significant shift in the global institutional investment attitude.

In a bold move reminiscent of the greatest artists unveiling their masterpieces, Bank of America (BOA) Global Research has unleashed its intriguing publication titled “On Chain”, tasked with navigating the chaotic waters of digital assets—stablecoins, tokenized assets, and the market’s very own infrastructure. The financial behemoth bellowed, “We are launching ‘On Chain,’ a periodical to deep dive into the multifaceted and rapidly evolving ecosystem of digital assets (a buffet of delights like stablecoins, real-world asset tokenization, payments, custody—the works)—including the latest regulatory gossip!” Their research squad didn’t hold back:

Now, let’s chew the fat about one of our chummy contributors to this rally—the sharp rise in Sui’s Total Value Locked (TVL). You got it, folks! According to the knowledgeable sages at DeFiLlama, the network’s TVL has hit a sky-high $2.20 billion, marking an astonishing 8.74% leap in just a day. This surge is as encouraging as finding a five-dollar bill in last year’s winter coat! 🎉 It suggests an influx of user activity and a confidence boost for our developers, who are likely dancing a jig right now.

Like a mighty river, SUI’s price surges forth, leaving all who dare oppose it in its wake. A 44% monthly surge, a record $2.2 billion Total Value Locked (TVL), and fee growth that doubles that of Ethereum – the numbers are a testament to its unyielding resolve. 🔥