Hong Kong’s financial regulators are moving to legalize trading in Bitcoin and crypto derivatives. This step aims to boost the city’s position as a major crypto hub and attract more investors. By creating clear rules and allowing these new financial products, Hong Kong hopes to provide safer, more transparent markets. The move reflects growing global acceptance of cryptocurrencies and could open the door for more innovation in the region’s financial sector.
XRP has seen a price rebound recently, which is in line with a shift in investor behavior. The altcoin is benefiting from holders opting to HODL, providing support for a potential recovery in the coming days.
This shift in sentiment is key to reversing the losses seen in June and pushing XRP back above key barriers.
XRP Holders Mature
Addresses holding XRP for over 6 to 12 months have experienced a noticeable rise in concentration this month, up by 12.8% to 19.1%. This surge in mid-term holders indicates a strong level of conviction in the asset’s future.
The increase in long-term holders reflects the growing belief that the price will recover despite recent volatility.
Moreover, holders who have owned XRP for 3 to 6 months have shifted their behavior toward HODLing rather than selling. This maturity in investor sentiment suggests confidence that XRP’s price will rebound.
The rise in mid-term holders plays a crucial role in stabilizing the asset and supporting its price recovery.
Looking at the macro momentum, the Mean Coin Age (MCA) has shown a consistent uptick throughout this month.
The MCA reflects the behavior of long-term holders (LTHs), and its rise indicates that LTHs are choosing to accumulate XRP instead of selling. This is a positive sign, as LTHs hold significant influence over the asset’s price.
The increasing accumulation of LTHs further supports the bullish outlook for XRP. Since LTHs have the most substantial holdings, their decision to hold rather than sell ensures stability and helps support a recovery in the price.
This accumulation behavior is likely to help XRP regain its footing and potentially reach higher price levels.
XRP is currently trading at $2.19, just below the crucial resistance of $2.23. Breaching this resistance level is vital for the altcoin to continue recovering from the losses seen in June.
If XRP manages to break through $2.23 and flip it into support, the next target would be $2.27.
If XRP price can sustain its momentum and hold above $2.23, it could continue rising and reach $2.32, fully recovering from June’s losses. This would mark a significant turning point in the recovery phase and set the stage for further upward movement.
Today, we announced an important and significant milestone in our journey towards building the internet financial system with our official OCC National Trust Bank charter application for First National Digital Currency Bank, N.A. https://t.co/Zx4bWGy388
— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) June 30, 2025
This marks a strategic regulatory step following Circle’s IPO earlier this month, which valued the company at nearly $18 billion.
More importantly, it signals Circle’s intent to align with forthcoming US stablecoin regulation.
Tether’s USDT still dominates the global stablecoin market, with a 62.5% share. Much of that usage occurs outside US borders, especially across Asia.
USDT’s popularity comes from its liquidity and deep exchange integrations. But in the US, the regulatory space is shifting.
Congress is preparing to pass the GENIUS Act into law. This landmark stablecoin bill requires issuers to hold fully backed reserves and obtain federal licenses.
Once passed, only licensed firms like National Trust Banks would be allowed to issue stablecoins at scale. This gives Circle a first-mover advantage.
Circle’s USDC Market Cap Chart in June. Source: BeInCrypto
Tether’s USDT Still Dominates—But for How Long?
By becoming a national trust bank, Circle positions USDC as a fully compliant, US-regulated stablecoin.
It would likely become the preferred choice for banks, fintechs, and regulated institutions looking to integrate stablecoins.
Meanwhile, Tether operates under an El Salvador registration and is not regulated under US federal frameworks.
That gap could become more problematic if US exchanges are required to delist or restrict access to unlicensed stablecoins.
Circle’s strategy goes beyond regulation. It aims to control more of its infrastructure by directly managing USDC reserves, rather than relying on custodians like BNY Mellon.
The trust license would also allow Circle to serve institutional clients seeking to custody tokenized stocks and bonds—not just crypto.
For everyday users, this could mean broader USDC integration in wallets, payment apps, and financial services. As regulation tightens, US-based platforms may shift preference from USDT to USDC.
To sum it up, USDC could:
Be used more in tokenized finance (real estate, stocks).
See better integration with banking apps and neobanks.
Offer stronger consumer protections under US law.
Tether still holds global dominance. But Circle’s trust bank application could shift the balance within US markets.
In the coming months, the US may have to choose between offshore liquidity and onshore compliance. Circle just made its move.
Crypto AI agents coins are gaining fresh momentum as the sector shows signs of recovery. ARC, VIRTUAL, and TRAC are three standout tokens leading the narrative into the end of April.
ARC and VIRTUAL have posted explosive gains in the past 24 hours, while TRAC remains steady with more modest growth but strong fundamentals. With technical indicators like golden crosses appearing across all three charts, these tokens are worth watching closely in the coming days.
AI Rig Complex (ARC)
ARC has seen extreme volatility in recent months, crashing 91% between February 11 and April 11 amid a broader correction in crypto AI agent tokens.
However, the token has staged a sharp rebound, climbing nearly 66% in the past week and soaring 44.5% in just the last 24 hours.
ARC is the project behind Rig, an open-source framework designed to help developers build portable, modular, and lightweight artificial intelligence agents.
Technically, ARC is showing early signs of a potential trend reversal. A golden cross formed on its EMA lines yesterday, and another could be on the way.
If the bullish momentum continues, ARC could test the $0.071 resistance and possibly extend to $0.083. On the flip side, if the recent strength fades, support levels at $0.048 and $0.043 will be key.
A breakdown below those levels could open the door for a retest of $0.034.
At its peak, the project reached a staggering market cap of nearly $5 billion, though it has since retraced significantly to $521 million.
Despite the decline, VIRTUAL is showing signs of renewed strength, jumping 49% over the last seven days and gaining 40% in the past 24 hours alone—suggesting that interest in AI-driven crypto tokens may be making a comeback.
From a technical perspective, VIRTUAL’s EMA lines have formed consecutive golden crosses since yesterday, pointing to growing bullish momentum.
If it can break through the $0.84 resistance level, the next target would be $0.97. Should market sentiment continue to improve and hype around crypto AI agents return, a move toward $1.22 is possible—marking its first time above $1 since early March.
However, if the current uptrend falters, key support lies at $0.79. A break below this could send VIRTUAL down to $0.64, or even as low as $0.517 in a deeper pullback.
OriginTrail (TRAC)
TRAC, OriginTrail’s native token, powers a decentralized ecosystem that aims to build a trusted knowledge infrastructure for artificial intelligence.
Its goal is to enable a Verifiable Web for decentralized artificial intelligence applications. While TRAC experienced a 32% correction between March 26 and April 7, it held up better than many other crypto AI agent tokens.
In line with that resilience, TRAC is up 7.4% over the last seven days — the smallest gain among major AI tokens, yet still positive.
Technically, TRAC’s EMA lines have just formed golden crosses, hinting at the early stages of an uptrend.
If momentum continues, TRAC could test resistance at $0.448, and a breakout there could send it toward $0.492 and potentially $0.54.
On the downside, traders are keeping a close eye on the $0.377 support level. Failure to hold that zone could trigger a drop to $0.35 and, in a deeper correction, possibly down to $0.317.
