Category: News

The crypto market is currently experiencing a surge in optimism, fueled by Bitcoin’s recent all-time high and the approval of the CLARITY and GENIUS Acts by the US House of Representatives. This positive momentum is expected to carry into the weekend, potentially benefiting altcoins as well.

BeInCrypto has analyzed three altcoins poised for potential gains this weekend, which may continue to push higher.

Lido DAO (LDO)

LDO price surged 22% in the past 24 hours, reaching $1.13, following BitGo’s announcement of native ETH staking support via the Lido protocol. This move positions BitGo as the first US Custodian to support ETH staking through Lido, boosting confidence in the altcoin and its future growth.

The announcement is expected to drive LDO further into the weekend, potentially pushing the price beyond the $1.18 resistance level. With strong support indicated by the Parabolic SAR below the candlesticks, LDO could rise to $1.34, marking a 4-month high. This uptrend signals continued bullish momentum for the token.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

However, if LDO fails to break the $1.18 resistance again, it may face selling pressure. A drop to $1.07 is possible, and losing this support could send LDO to $0.99, negating the bullish outlook and signaling a potential downturn in the price trend.

Ethereum Classic (ETC)

ETC price surged 15% in the past 24 hours, reaching $23.01. The altcoin is currently facing resistance at $24.52. For ETC to push higher, it will need strong support from investors. Breaching this barrier is essential to sustain the recent upward momentum and reach new price levels.

With Ethereum reaching a 6-month high, Ethereum Classic (ETC) is likely to benefit from its rally. The growth of ETH could drive ETC past the $24.52 resistance, paving the way for a rise to $27.21. This would mark a significant milestone for the altcoin as it continues to gain momentum.

However, the Relative Strength Index (RSI) indicates that ETC is overbought, sitting above the 70.0 threshold. Historically, this signals a potential reversal for the altcoin. If the market cools down, ETC could fall to $20.81, erasing recent gains and invalidating the bullish outlook.

Cardano (ADA)

Cardano’s price surged by 13.79% over the last 24 hours, reaching $0.87. The altcoin has benefited from broader market bullishness and Bitcoin’s rally. This momentum has supported ADA’s rise, and with continued investor confidence, the upward trend could persist.

In the past week, Cardano (ADA) has risen by 39%, bringing it closer to the crucial $1.00 level. To reach this price, ADA must first breach the $0.93 resistance. The 50-day EMA is showing an upward trend, signaling a potential Golden Cross that could further fuel ADA’s rise in the coming days.

However, ADA could face a correction if the market turns bearish. If Cardano falls below the $0.85 support level, it could dip further to $0.80 or $0.74. This scenario would invalidate the current bullish thesis, indicating a potential reversal in the altcoin’s price trajectory.

The post 3 Altcoins To Watch This Weekend | July 19 – 20 appeared first on BeInCrypto.

Bitcoin price reached consecutive all-time highs in July, but two key indicators suggest the rally is heavily US-driven. 

A growing divergence between US and Korean trading activity is raising questions about global participation — and market risk. 

Coinbase Premium Surges Alongside US Bitcoin ETF Inflows

The Coinbase Premium Index, which tracks the price difference between Bitcoin on Coinbase (USD) and Binance (USDT), has surged throughout July.

This premium has climbed as high as 0.08%, signaling strong US buying pressure.

Coinbase serves US institutional and retail investors. A rising premium often reflects aggressive accumulation by American whales, ETF providers, or corporations.

This aligns with recent inflows of over $14.8 billion into US spot Bitcoin ETFs, pushing BTC to an all-time high near $123,000.

These movements confirm that US institutions are leading the current cycle, supported by favorable regulation and capital access.

Korean Bitcoin Market Tells a Different Story

In sharp contrast, the Korea Premium Index — often called the “Kimchi Premium” — has dropped below zero.

This index tracks the price difference between Bitcoin on Korean exchanges (e.g., Upbit, Bithumb) and global platforms.

As of mid-July, the premium remains around -1.7%, showing Bitcoin trades cheaper in South Korea. A negative Korea Premium suggests Korean retail demand is weak, with few new investors entering the market.

In previous bull runs (2017, 2021), Korea often saw premiums of +10% or more, driven by speculative retail frenzy. That dynamic is absent today.

Why This Divergence Matters

The split in premium indices reveals Bitcoin’s current bull run is not globally balanced. It is centered in the US, with limited retail enthusiasm from one of Asia’s most active markets.

Historically, broad-based retail participation has sustained and extended bull markets. Without it, there’s a risk the rally becomes too top-heavy, reliant on institutional flows alone.

This may also affect altcoin momentum, which often relies on Korean exchange liquidity and retail-driven narratives.

Overall, the Coinbase Premium should stay positive if US demand remains strong. But if it dips while Korea stays negative, it may signal waning momentum.

A flip in the Korea Premium to positive would suggest a retail re-entry, and could fuel the next leg of Bitcoin’s rise.

Until then, Bitcoin’s price action will likely remain US-centric, led by ETFs, corporates, and wealth managers — not global retail investors.

The post Bitcoin’s Rally Is Heavily Driven by US Buyers — Is There a Market Risk? appeared first on BeInCrypto.

Dave Portnoy, founder of Barstool Sports, says he’s “ready to cry” after selling most of his XRP holdings—just before the altcoin hit an all-time high.

In a video posted to X, Portnoy shared his frustration. He admitted that holding onto his position would have earned him millions.

Sold at $2.40, Missed Out on Millions

Portnoy sold his XRP at $2.40 amid concerns about competition from Circle’s stablecoin. Shortly after, XRP surged to a new all-time high of $3.65.

Previously, speaking at Consensus 2025, Portnoy said he bought XRP due to FOMO, without strong conviction in its long-term potential. His story reflects a broader pattern across retail investors who often enter crypto markets driven by fear of missing out.

Many, like Portnoy, end up making emotional decisions without assessing the fundamentals. 

In hindsight, he underestimated XRP’s growth potential during a volatile but bullish market phase.

XRP Rally Fueled by Policy Tailwinds

XRP’s recent rally is part of a broader market uptrend. The token surged 5% in 24 hours, breaking its previous high of $3.40 to reach $3.65.

Much of the momentum stems from growing investor optimism after major crypto legislations, including the GENIUS Act, were passed in the US on July 9. The Congressional approval of multiple pro-crypto bills boosted sentiment and inflows across the digital asset space.

XRP perpetual futures open interest also hit a record $8.8 billion, reflecting renewed institutional activity.

This favorable regulatory momentum could cement XRP’s position as a leading token—especially if adoption continues to grow globally.

Meanwhile, attorney Fred Rispoli, a vocal XRP supporter, commented on Portnoy’s misstep. 

“While it’s certainly admirable that Dave is on board with the best team in college football, his paper hands always come back to haunt him in crypto. He’s essentially the Ohio State of crypto,” Rispoli wrote on X. 

As XRP builds strength, investors are now watching regulatory developments closely. Any further progress in legislation could significantly shape the token’s future.

With rising market cap and growing mainstream acceptance, XRP stands out as one of the most closely watched assets in the crypto space.

The post Barstool’s Dave Portnoy Sold XRP Early – “I Could’ve Made Millions” appeared first on BeInCrypto.

President Donald Trump has signed the GENIUS Act into law, just one day after it passed the House in a 306–122 vote.

The bill marks the first-ever US federal crypto law, creating strict rules for stablecoin issuers—including full 1:1 reserves, regular audits, and registration with federal or state regulators.

Trump signed the bill during a closed-door session Friday morning. While celebrating the win, he jokingly told reporters, “It’s called the GENIUS Act. I think it’s named after me.”

Crypto Czar David Sacks, who played a central role in last-minute negotiations, said the bill was “dead” earlier this week—until “we had a secret weapon, a deal breaker as commander in chief,” referring to Trump’s intervention.

Despite bipartisan support for the bill, some hardline Republicans remain opposed.

Representative Marjorie Taylor Greene posted on X (formerly Twitter), warning:

“Congress is passing a bill today (GENIUS Act) that opens the back door to a central bank digital currency (CBDC)… The Fed has been working on this for years… The ultimate goal is to move us to a cashless society.”

She criticized House Republicans for passing GENIUS without securing Senate support for a formal CBDC ban. That separate bill—the Anti-CBDC Act—has yet to clear the Senate.

Supporters of GENIUS argue the bill explicitly bans algorithmic stablecoins and requires full dollar reserves, offering a safe framework for regulated digital dollars—not government-controlled ones.

With Trump’s signature, the GENIUS Act becomes law immediately. US regulators now have until 2026 to draft implementation rules for stablecoin licensing and enforcement.

The post Trump Signs GENIUS Act Into Law, Jokingly Calls It ‘Named After Me’ appeared first on BeInCrypto.

IMF confirms no new public-sector Bitcoin purchases by El Salvador despite government claims of daily accumulation

El Salvador’s government claimed throughout 2025 that it was buying one Bitcoin per day. However, a newly published IMF report directly contradicts those assertions.

IMF Reveals El Salvador’s Bitcoin Bluff

The July 15 report, part of the IMF’s Article IV consultation and first program review, makes clear that El Salvador has not bought any new Bitcoin since the $1.4 billion Extended Fund Facility (EFF) was approved in December 2024.

“The overall stock of Bitcoin held by the public sector has remained unchanged since program approval,” the IMF stated.

Throughout the year, President Nayib Bukele and El Salvador’s National Bitcoin Office continued to post on social media that the country was accumulating Bitcoin—one per day. 

Public-facing wallets showed an increase in holdings, and government tweets reinforced the idea of ongoing purchases.

On March 4, Bukele posted that the daily Bitcoin buying program was still active and would continue. 

Around the same time, the Bitcoin Office claimed holdings exceeded 6,102 BTC. The media cited these numbers, which were widely repeated in crypto circles.

However, the IMF debunked this story in its official program review.

What Actually Happened

According to the Fund, the rise in Bitcoin wallet balances came from internal movements between government-owned wallets—not new purchases. 

These wallet consolidations gave the illusion of buying but reflected no fresh market activity.

The report also disclosed “small fluctuations” in Bitcoin deposits in the government’s Chivo e-wallet. These, too, were addressed through internal corrective measures, not additional public funds.

Put simply, no taxpayer money has gone into buying more Bitcoin in 2025.

Yet, this discrepancy raises serious questions about transparency and trust. El Salvador made global headlines in 2021 by adopting Bitcoin as legal tender. 

However, in January 2025, the country reversed course under pressure from international lenders and with a fragile fiscal position. 

More specifically, it stripped Bitcoin of legal tender status and agreed not to use public resources to acquire more.

The IMF’s new findings confirm that El Salvador is honoring its financial commitments.

Chivo Under Fire

The IMF report also cited “minor deviations” in performance criteria due to irregularities in the Chivo system. The Salvadoran government has agreed to fully end public-sector involvement in the Chivo Wallet by the end of July 2025.

This move aligns with a broader push for fiscal transparency and market discipline under the Fund-supported program. 

Also, the government has committed to publishing financial information for state-owned enterprises and to unwind the public Bitcoin trust, Fidebitcoin.

As the end-of-July deadline for privatizing Chivo approaches, the Bitcoin community will be watching to see if El Salvador follows through—or keeps spinning a narrative at odds with the facts.

The post El Salvador Lied About Buying Bitcoin in 2025, IMF Report Reveals appeared first on BeInCrypto.

A new deepfake scam is circulating on X (Twitter), falsely claiming that Ripple is launching a 100 million XRP rewards program.

The scam comes only hours after the XRP price hit an all-time high (ATH), drawing tailwinds from broader market optimism, growing investor interest, and increased new addresses.

Deepfake Scams Exploit XRP Price’s ATH Momentum

The AI-generated video features a digitally manipulated version of Ripple CEO Brad Garlinghouse. In the video, Garlinghouse thanks the XRP community for their support during Ripple’s multi-year legal battle with the US SEC (Securities and Exchange Commission), falsely announcing a celebratory airdrop.

“Four years ago, we entered a battle we didn’t choose. But we fought and won against the SEC… I’m launching Ripple rewards program. 100 million XRP airdrop pool created for you,” the manipulated video claims.

The scam spread online, riding the excitement after XRP price surged to a new ATH on Thursday, fueled by growing investor interest and increased new addresses.

The bad actors also aim to capitalize on the conclusion of the Ripple versus SEC case, a move the network’s executives know all too well.

In hindsight, Ripple has dealt with a surge in social media scams following each major courtroom success.

In August 2024, scammers promoted fake XRP airdrops after Judge Analisa Torres ordered Ripple to pay only $125 million in penalties. This was far less than the SEC’s initial $2 billion request.

Similarly, after a 2023 ruling that XRP was not a security, deepfakes and phishing attacks targeting Ripple investors also increased.

“A lot of scammers are taking advantage of the recent good news to try to cheat and steal. There are no airdrops, giveaways, or special offers associated with this ruling,” David Schwartz warned at the time.

Schwartz took to social media to expose the latest scam, with the Ripple CTO posting a warning on X (Twitter).

Despite malicious actions from bad actors, analysts remain optimistic about the Ripple price rally. On-chain metrics suggest XRP still has potential for further upside. However, as euphoria swells, so too does fraudulent activity.

Against this backdrop, Ripple has consistently reminded users that the company and its executives will never initiate token giveaways, ask for personal details, or request fund transfers.

The post Ripple CTO Warns of Fake Airdrop After XRP Hits All-Time High appeared first on BeInCrypto.

Cardano (ADA) price is now trading around $0.85 after a sharp 13% daily rally and a 37%+ month-on-month rally.

While it’s facing resistance at $0.86, bullish indicators across on-chain and chart metrics suggest this may just be a breather before ADA breaks toward $1 and beyond.

Age Consumed Shows Strong Hands Holding

Despite the ADA’s rapid price surge, the Age Consumed metric shows no signs of old tokens being moved. The last major spike came in mid-June when over 130 billion ADA aged tokens were moved. Since then, activity has remained muted, with the latest value hovering near 250 million ADA.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

In simpler terms, Age Consumed tells us how many older tokens are suddenly moving again. When it’s low during a rally, like it is now, it signals confidence: long-term holders aren’t rushing to sell.

MVRV Ratio Signals More Upside

While the old coins are sitting tight, even the new holders might not be looking to sell anytime soon. The 60-day MVRV ratio for Cardano sits at 22.91%, far below its previous danger zone. Back in mid-May, the same ratio crossed 131%, right before a steep selloff began. Historically, ADA has room to run until the MVRV reaches much higher profit zones.

For example, in mid-April, the MVRV ratio hovered around 20–25%, and Cardano still managed to rally over 35%, climbing from $0.62 to $0.85. With the current ratio showing there’s no extreme profit pressure, ADA could follow a similar trajectory.

The 60-day MVRV measures the average profit or loss of holders who bought ADA over the past two months. A low positive value suggests holders aren’t sitting on big gains, and are less likely to sell.

Exponential Moving Averages Point to Momentum

Cardano’s 20-day EMA (exponential moving average) just completed a rare triple golden crossover:

• Crossed above the 50-day on July 14
• Crossed above the 100-day mark on July 17
• Now crossed above the 200-day just hours ago (showing strength in mid-term)

This kind of cascading EMA breakout shows growing momentum and confirms the strength of the ongoing trend.

Key ADA Price Resistance Needs to Break

Cardano is currently testing resistance at $0.86, which also lines up with the 1.0 Fibonacci retracement from its May highs. A successful breakout would open the doors to the next major target at $1.07, the 1.618 Fibonacci extension level.

However, RSI (relative strength index) divergence could slow things a bit. On the 4-hour chart, however, a bearish divergence has emerged. Since July 11, Cardano’s price has been pushing higher highs, but the RSI is printing lower highs. This mismatch suggests buyers may be slowing down.

Bearish divergence doesn’t always mean a reversal, but it often triggers short-term consolidation. So, ADA might pause before charging past resistance.

If RSI divergence drags prices down, short-term invalidation could come if ADA dips below $0.78, a previous support level. But unless long-term holders start dumping (which Age Consumed and MVRV say they aren’t), the rally likely still has legs.

The post Triple Golden-Cross Ignites ADA: Cardano Bulls Aim for $1 After 37% Surge appeared first on BeInCrypto.

No mining machine or technology is needed, just hold XRP to start Bitcoin free mining mode!

In July 2025, RICH Miner announced the launch of a new cloud mining service based on XRP (Ripple), allowing users to start a new experience of free Bitcoin (BTC) mining with just a smartphone. This innovative service marks the entry of digital assets into a new era of “mobile mining”, providing a new monetization path and passive income channel for the majority of XRP holders.

XRP accelerates monetization, from “holding coins and watching” to “daily income generation”

As one of the mainstream digital assets, XRP has always been regarded as a value storage and payment medium due to its advantages such as fast transaction confirmation, low handling fees, and high corporate acceptance.

The service launched by RICH Miner breaks this limitation. Through the platform’s cloud computing bridge system, users can directly use XRP to start BTC mining contracts. There is no need to exchange coins for USDT or other assets.  Users can start a mining contract after depositing XRP, with output processed on the platform.

 Users can now access Bitcoin mining features through a mobile interface.

RICH Miner transfers mining calculations to mobile applications:

How to start?

1. Register an account

Visit the official website or download the RICH Miner App, create an account to get a $15 novice bonus.

2. Top up XRP

Select “Top up XRP” on the platform, the system generates a unique address and accepts transfers (starting from a minimum of 50 XRP).

3. Choose free mining activities or contracts

The platform regularly launches “Free Mining BTC” activities. Several contract options are available, depending on user preferences and commitment levels. These figures are illustrative and subject to change based on market conditions.

Click here to view the completed contract

 The platform distributes earnings daily, which can be withdrawn or reinvested.

Safe, transparent, and global experience

RICH Miner has deployed green energy mines around the world, and combined with AI computing power scheduling systems, it effectively reduces costs and improves mining efficiency. At the same time, the platform also provides:

Multiple encrypted wallet protection

Visualized contract income records

Multilingual customer service 7×24 online

Quick account mechanism, supporting mainstream currency withdrawals such as XRP/BTC/USDT

These measures ensure that users can participate in cloud mining while ensuring asset security and transparent income.

Cloud mining + mobile phone = “digital gold mine” for ordinary users

Industry analysts said that this type of “mobile cloud mining” model is rapidly changing the threshold of traditional mining. Especially in the context of the increasingly stable XRP compliance environment and the expansion of applications, combining it with cloud mining provides users with a low-risk and highly convenient way to increase asset value.

The “free BTC mining event” launched by RICH Miner this time not only lowers the threshold for participation, but is also an important milestone in the popularization of digital asset services.

Conclusion: Let XRP “work” for you, let BTC “make money” for you

Are you still letting your XRP lie quietly in your wallet waiting for an increase? Now, with RICH Miner, you can make it the engine of your daily income. No equipment or complicated operations are required.  RICH Miner introduces a new mobile-based approach to cloud mining.

Download the RICH Miner App now to start your XRP cloud mining journey

�� Official website: https://richminer.com

�� APP download entrance: Click here to get the APP

The post RICH Miner launches free BTC Mining Service Based on Ripple (XRP) appeared first on BeInCrypto.

Japan’s upcoming election of the House of Councillors (the Upper House) represents a critical inflection point for crypto tax policy, with potential ramifications extending far beyond domestic markets. The political dynamics surrounding this electoral contest could fundamentally reshape Japan’s regulatory landscape for digital assets.

Meanwhile, opposition momentum against the ruling LDP-Komeito coalition threatens established cryptocurrency taxation frameworks, creating unprecedented opportunities for comprehensive reform. Market participants are closely monitoring political developments as taxation policy emerges as a defining campaign issue with substantial Bitcoin market implications.

What You Should Know

Once among the world’s largest crypto markets, Japan’s dominance diminished following major hacking scandals like the Mt. Gox and Coincheck cases.

Still, Japan’s crypto market holds enormous potential as its size of personal financial assets is estimated at ¥2,000 trillion, equivalent to $13.5 trillion. However, high tax rates and complex loss calculations on crypto assets create significant investment barriers.

The July 20th election could fundamentally reshape Japan’s national governance structure, representing a pivotal moment for cryptocurrency policy.

As a result, opposition parties are gaining momentum while the ruling coalition struggles with tax reforms. The Japanese crypto industry closely watches potential changes to crypto tax classification. In particular, opposition parties advocate for separate taxation systems replacing the current miscellaneous income rules.

Election Outcome Forecast

The ruling LDP-Komeito coalition faces potential majority loss in the Upper House. Major outlet Yomiuri Shimbun projects historically low seat counts for both parties.

The House of Councillors contains 248 members serving six-year terms. Half the chamber gets elected every three years in staggered elections. This election covers 75 constituency seats plus 50 proportional representation positions.

The ruling coalition holds 66 seats among those up for election. This time, coalition parties need 50+ new seats to maintain overall majority control.

Ruling Coalition Seat Projections

Data from Japan’s three major national newspapers

Yomiuri Shimbun

31-52

seats projected

Asahi Shimbun

33-51

seats projected

Nikkei

~50

seats projected

Critical Threshold

Ruling coalition needs 50+ seats to maintain Upper House majority. Current projections suggest this target remains challenging across all major outlets.

Recent polling suggests maximum coalition gains barely exceed 50 seats, optimistically. LDP projections range from 24-40 seats across major newspaper forecasts. Komeito faces potential historic lows with 6-13 projected seats maximum.

Opposition Victory Implications

Under the current system, crypto tax reaches 55% maximum rate under the miscellaneous income classification. The opposition Democratic Party for the People proposes a 20% separate tax system.

Victory could accelerate comprehensive crypto tax reform nationwide. Proposed changes include token-to-token transaction tax elimination and loss carryover provisions.

Lower barriers might trigger domestic investment capital re-influx into Bitcoin markets. Furthermore, institutional participation could increase through ETF approvals and regulatory clarity.

Ruling Coalition Continuity

The ruling coalition’s victory would likely limit tax reform to incremental changes. Historically, the Ministry of Finance, the coalition’s long-time ally, resists broad-based tax reduction measures.

Consequently, Bitcoin investment demand would remain constrained under existing high-tax frameworks.

The post Japan’s Upper House Election on Sunday: Bitcoin Market Implications appeared first on BeInCrypto.

HBAR, the native cryptocurrency of the Hedera network, has experienced a significant 20% price jump over the last 24 hours, reaching a 5-month high. 

This surge in value comes after a period of sustained growth, driven by both positive market sentiment and increased activity in the derivatives market.

HBAR Finds Support From Traders

In the past week, HBAR’s open interest (OI) has surged by 77%, rising from $296 million to $526 million. This $230 million jump highlights the growing interest from traders eager to capitalize on HBAR’s recent performance. The positive funding rate further reinforces this trend, as long contracts outweigh short contracts. 

The surge in open interest, combined with the ongoing price rise, demonstrates how market participants are becoming more confident in HBAR’s future prospects. Investors are taking advantage of favorable market conditions, aligning their positions to capture profits from what appears to be a sustained uptrend. 

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Looking at the broader technical indicators, HBAR’s momentum is also supported by the recent Golden Cross observed in its moving averages. The 50-day exponential moving average (EMA) recently crossed above the 200-day EMA, marking the end of the prolonged Death Cross that had dominated for over a month. 

This positive shift suggests that the bearish trend that had been in place is now reversing. This technical development could signal a strong foundation for further price appreciation in the coming weeks.

HBAR Price Is Holding

HBAR’s price currently stands at $0.284, reflecting a 20% increase over the last 24 hours. The altcoin has managed to secure a strong support level at $0.267, which is crucial for maintaining its recent gains. Testing this price as a support floor will help stabilize the market and provide a foundation for further growth.

Given the positive developments in market sentiment and technical indicators, HBAR is well-positioned to continue its uptrend. A push beyond the $0.314 resistance would bring the altcoin closer to the $0.375 mark. This would signal a continued rally, driven by growing investor confidence and positive market conditions.

However, the risk of selling remains. Should HBAR experience a wave of profit-taking from investors, the price could fall back toward the $0.267 support. If this support is lost, HBAR could dip as low as $0.241, invalidating the bullish thesis and signaling a reversal of the recent gains.

The post HBAR Price Rallies 20% After $230 Million Inflow from Traders in a Week appeared first on BeInCrypto.