World Liberty opened a proposal aiming to make WLFI tokens transferrable. This would mark the first major use of WLFI’s governance protocol, signaling a new era for the asset.
There are a few outstanding questions about implementation, such as partnered exchanges and potential regulatory concerns. Still, the community is currently unanimous in supporting the proposal.
However, since it launched its WLFI token, the crypto community has greatly criticized World Liberty for not letting users trade or transfer these assets. According to a new announcement, a governance proposal to make this rule change is now live:
On this Independence Day, we’re making history.
The proposal to make $WLFI tradable is now live. Crypto is coming home — and there’s no better day to let freedom ring.
Happy 4th of July from your friends at WLFI and from the new crypto capital of the world.
According to World Liberty’s new proposal, this move will change WLFI’s ecosystem from closed to open participation. In addition to making WLFI tradable, it will unlock tokens for early-access investors.
Moreover, this officially inaugurates the asset’s use as a governance token, as the lack of community proposals has been a sticking point for fans.
Nonetheless, there are many outstanding questions about this move. What exchanges will list WLFI? How will price discovery work? Will the firm face any regulatory setbacks, considering the heavy levels of foreign investment in WLFI?
Regardless of these potential issues, one thing seems clear: WLFI holders are practically guaranteed to approve World Liberty’s proposal.
Currently, the community is completely unanimous in demanding token tradability. If the firm is ready to bring a new era to WLFI, then its holders are more than ready.
Hedera (HBAR) has fallen over 6% in the last seven days as key indicators point to shifting momentum. After 10 days of bullish strength, the BBTrend has turned negative at -3.35, suggesting growing downside risk.
Meanwhile, the RSI has rebounded to 49.82 but remains below the critical 50 mark, signaling indecision. With HBAR trading in a tight range between $0.1849 and $0.189, a breakout in either direction could define the next trend.
HBAR BBTrend Turns Negative After 10-Day Run
Hedera’s BBTrend has just flipped negative after holding above zero for 10 consecutive days, suggesting a potential shift in momentum.
Currently, the BBTrend stands at -3.35, a sharp contrast from the bullish tone seen earlier this month. This reversal occurred two days ago and may reflect weakening upward pressure on HBAR’s price.
After showing consistent strength, the recent change raises caution among traders watching for early signs of a downtrend.
BBTrend, or Bollinger Band Trend, is a momentum indicator that measures price distance and direction relative to the Bollinger Bands.
When the BBTrend is above zero, it typically reflects strong bullish momentum, indicating the price is pushing toward or staying near the upper band. When it moves below zero, as it has now for HBAR, it often suggests growing bearish sentiment, with the price leaning toward the lower band.
A reading like -3.35 points to increased volatility and the potential for further downside, especially if other indicators begin aligning with this weakening signal.
Hedera RSI Rebounds but Stays Below Key Bullish Zone
Hedera’s RSI is currently at 49.82, rebounding from 42.45 yesterday after briefly touching 54 earlier in the session. This bounce suggests some recovery in buying interest, but the RSI remains below the key 50 threshold.
The recent movement indicates a tug-of-war between bulls and bears, with no clear dominance yet.
After sliding earlier in the week, this slight uptick could reflect a potential shift toward stabilization.
The Relative Strength Index (RSI) is a momentum oscillator that ranges from 0 to 100, used to assess overbought and oversold conditions.
Readings above 70 typically indicate an asset is overbought and may be due for a correction, while values below 30 suggest oversold conditions and a possible rebound. Levels between 30 and 70 are considered neutral, with 50 as a pivot point.
HBAR’s current RSI of 49.82 places it right on that line, signaling indecision, though the recent rise hints that momentum could tilt bullish if it breaks above 50 and holds.
Hedera Consolidates—Will Bulls or Bears Take Control?
Hedera price is trading in a tight range between resistance at $0.189 and support at $0.1849, with other key levels close by. If the $0.189 resistance breaks, it could open the door for a move toward $0.199 and $0.202.
A sustained uptrend could push HBAR to retest the $0.258 level, marking a significant bullish breakout.
For now, price action remains cautious as the market waits for a decisive move.
On the downside, if the $0.1849 support is broken, HBAR may fall toward $0.175 and $0.16.
A deeper downtrend could drag it as low as $0.124, erasing much of its recent gains. These levels represent critical turning points, and traders will watch closely for volume spikes or momentum shifts.
Until then, Hedera remains in consolidation, with pressure building on both sides.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee as we analyze Standard Chartered’s Bitcoin (BTC) price projections. According to the bank, Bitcoin price could hit $500,000 as global institutions accumulate Strategy’s MSTR stock for indirect exposure to Bitcoin.
Crypto News of the Day: Standard Chartered’s Bold Bitcoin Prediction
Bitcoin was trading for $105,178, up by a modest 2.27% in the last 24 hours. In recent developments, the pioneer crypto market capitalization has ascended to an all-time high of $2.09 trillion.
However, analysts hold that institutional interest has much to do with Bitcoin’s value surge. Firstly, Bitcoin ETFs (exchange-traded funds), which offer Traditional Finance (TradFi) players indirect exposure to BTC, drive institutional interest.
In the same way, institutions are gaining indirect exposure to Bitcoin via Strategy’s MSTR stock. A recent US Crypto News publication indicated that Strategy (formerly MicroStrategy) held 576,230 BTC as of May 19.
Holding a significant amount of Bitcoin on its balance sheet, Strategy’s MSTR stock price correlates closely with Bitcoin’s price movements.
MSTR vs. BTC performance in the past year. Source: ivanhoff.com on X
Analysts ascribe this correlation to a dynamic where Bitcoin is the base layer while MSTR operates as a vehicle with different risks, mechanics, and rewards.
Against this backdrop, BeInCrypto contacted Geoff Kendrick, Head of Digital Assets Research at Standard Chartered. According to Kendrick, Bitcoin is still on course to hit $500,000 before the end of Trump’s second administration.
Kendrick ascribes this to deepening institutional adoption, particularly through indirect exposure via MicroStrategy’s MSTR shares.
Standard Chartered Says Increasing Allocations to MSTR Is Bullish for Bitcoin
Newly released Q1 2025 13F filings from the US SEC (Securities and Exchange Commission) support the bank’s bullish thesis. Specifically, Strategy saw increasing allocations to MSTR by a range of global sovereign and quasi-sovereign entities.
“As more investors gain access to the asset and as volatility falls, we believe portfolios will migrate towards their optimal level from an underweight starting position in Bitcoin,” Kendrick said in an email to BeInCrypto.
While direct holdings of Bitcoin ETFs declined slightly overall, largely due to the State of Wisconsin Investment Board selling its entire 3,400 BTC-equivalent position in BlackRock’s IBIT ETF, other entities quietly increased exposure via MSTR, which Kendrick described as a “Bitcoin proxy.”
“Government entities increased their holdings of Strategy Incorporated (MSTR), which typically trades like a Bitcoin proxy. Entities in Norway, Switzerland, and South Korea reported significant MSTR increases, and Saudi Arabia added a very small position for the first time,” Kendrick told BeInCrypto.
The Standard Chartered executive emphasized that while Bitcoin ETF flows were “unexciting,” the MSTR accumulation trend was the real story this quarter.
“The MSTR ownership detail was where the excitement was,” he added.
Geoff Kendrick went further, detailing Standard Chartered’s analysis of the filings. Based on their analysis:
Norway added 700 BTC-equivalent via MSTR, now holding 6,300 BTC-equivalent.
Switzerland also added 700 BTC-equivalent, reaching 2,300 BTC-equivalent.
South Korea added 700 BTC-equivalent, bringing its total to 1,300 BTC-equivalent.
US state funds (California, New York, North Carolina, Kentucky) added 1,000 BTC-equivalent collectively, now at 3,300 BTC-equivalent.
Saudi Arabia’s Central Bank opened a small MSTR position—its first.
Meanwhile, Abu Dhabi’s quasi-sovereign wealth fund Mubadala added 300 BTC equivalent via ETF holdings, increasing its position to 5,000 BTC equivalent.
“SEC 13F data for Q1 supports our thesis that Bitcoin is attracting a wider range of buyers. While data on Bitcoin ETF holdings was disappointing, MSTR – a Bitcoin proxy – saw increased buying. Overall sovereign positions were unchanged due to the Wisconsin pension fund selling its ETF holdings,” Kendrick concluded.
The data reinforce Standard Chartered’s outlook that institutional and sovereign flows—both direct and indirect—will be a key driver of Bitcoin’s ascent to $500,000 in the coming years.
Chart of the Day
Governement holdings of BTC ETFs and MSTR. Source: Standard Chartered
This chart illustrates the total government holdings of Bitcoin ETFs and MicroStrategy’s MSTR stock from Q4 2023 to Q1 2025, measured in ‘000 (thousands) BTC equivalents. Based on the chart, holdings have grown steadily, peaking in Q1 2025 at around 18,000 BTC.
The chart shows that key contributors include Abu Dhabi (ETFs), Norway, Sweden, South Korea, France, New York, Wisconsin (ETFs), Michigan (ETFs), Switzerland, Liechtenstein, California, North Carolina, Saudi Arabia, and Kentucky, with varying contributions across quarters.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
On this Independence Day, we’re making history.
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