Cryptonews

The price trudged a merciless 2% higher—grubby, relentless—reclaiming the $2.30 as the mighty Depository Trust and Clearing Corporation finally listed ProShares’ Ultra XRP ETF (UXRP). Somewhere in an office, a banker’s monocle fell into his coffee.

It takes more than a signature to move these behemoths. Now, the ETF inclusion whispers of future XRP Spot ETFs, while the US SEC hovers nearby, pretending it reads all the paperwork but secretly wishing for lunch.

Trump’s Truth Social S-1 Filing for Crypto Blue Chip ETF | Source: SEC.Gov

All this is thanks to a shiny new license bestowed by the New York State Department of Financial Services. For those unversed in the deathless rituals of American finance, this license allows Coinbase to be a properly buttoned-up Virtual Currency Business. Suddenly, our intrepid exchange is not only legal but actually reputable—at least by New York standards, a place where losing your hat is expected and losing your shirt is merely unfortunate.

It all starts with President Trump’s August 1 deadline for progress on trade deals. If things don’t go his way, he’s threatening 25% tariffs on Japan and South Korea 🤯. QCP notes that this “TACO” narrative (yes, that’s a thing 🌮) is still going strong, with Trump leaving a tiny window for delay. Markets are currently thinking “all talk, no action,” but if those tariffs do happen, it’ll be a major growth-killer 💀.

But, lo and behold, Phantom—with the spectral boldness befitting its name—has now thrust perpetual futures trading into the trembling hands of the masses. On July 8, as the crickets began their evening chorus, Phantom, the crypto wallet renowned for letting users juggle Solana and Ethereum in their sleep, unveiled perpetual futures trading right inside its trusty app. Do you feel the existential dread yet?

The lending pool will fund solar energy installations across school districts in the state of Illinois, with infrastructure loans executed entirely onchain, Projective Finance said. 📈

With volume patterns unmistakably favoring the sellers and the technical indicators flashing caution signs, traders are waiting with bated breath for a short bias confirmation. Can SEI keep its head above the waterline of near-term support? Only time—and maybe a little luck—will tell.

Over the past few days, Pepe crypto has shown signs of recovery, defying broader market declines. On July 8, Pepe price was holding above the $0.000010 support, fueling hope for a fresh upside rally. While this increase may seem modest, it came as the overall crypto market dipped by 2%. In the grand scheme of things, it’s like a tiny frog leaping over a puddle while the rest of the forest is sinking. 🐸💦

HBAR, up about 2% over the past 24-hour period, replaced polkadot (DOT) in the fund, which rebalanced on Monday. It’s a cosmic shift that has the crypto community buzzing. 🐝

But, dear reader, let’s not be too hasty in our celebrations. Beneath the surface, the waters are murky, and the sharks are circling. Key on-chain indicators suggest that this rally might be more of a mirage than a solid foundation for future gains. 🌵