Crypto News Sentiment

Updated: 24 days and 11 hours ago

Good news: Meme coins and Polygon DeFi surge! Japan approves a Yen stablecoin. Bad news: Story Protocol's founder faces criticism, BlockDAG slammed as fake, and a crypto whale suffers millions in losses.
Positive news

Best Meme Coin for $5,000 Investment An analysis suggests choosing between PEPE, a classic meme coin, and Bitcoin Hyper, a rising star, for a $5,000 investment in crypto. Both come with distinct risk-reward profiles.

PLUME Network Token Launches on Binance PLUME, from the Plume Network, debuted on Binance with trading pairs including USDT, USDC, and BNB. An airdrop distributed 150 million tokens to eligible BNB holders, leading to a 36% price surge.

Apple Shares Outperform in Summer Apple’s stock has risen 10% in the past month, driven by anticipation of the upcoming iPhone 17 launch. The tech giant typically performs well during this period, with shares already up 9.7% in the last 30 days.

Polygon’s DeFi TVL Surges Polygon’s DeFi total value locked (TVL) grew 43% since the start of the year, reaching $1.23 billion. QuickSwap and Polymarket led inflows, contributing to the network’s success.

U.S. SEC Delays Crypto ETF Applications The U.S. SEC has delayed decisions on several spot crypto ETF applications, including Truth Social Bitcoin and Ethereum ETFs, alongside XRP and Litecoin ETFs. The next decision date is set for October 8, 2025.

BitMine Buys Large Amount of Ethereum BitMine, a former Bitcoin mining company, announced a significant purchase of Ethereum, signaling potential bullish sentiment in the market.

Bitcoin Network Hashrate Rebounds Bitcoin’s network hashrate is rebounding, approaching record-breaking levels at 966 EH/s. Despite revenue losses, miners are pushing the network strength back to high levels.

Japan Approves First Yen-Denominated Stablecoin Japan’s Financial Services Agency (FSA) is expected to approve the issuance of the country’s first yen-denominated stablecoin as early as this fall.

Cardano ADA Futures Surge Cardano’s ADA futures surged to $6.96 billion, with a possible $10 price target. The growth highlights investor interest in the project.

US Treasury Steps Toward GENIUS Act The U.S. Treasury Department is taking steps toward implementing the GENIUS Act, which aims to regulate stablecoins in the U.S.

**Circle’s Arc Blockchain Launches with Fireblocks Support

Negative news

Crypto Founder Faces Criticism After Departure Jason Zhao, co-founder of Story Protocol, stepped down from his role amid accusations of orchestrating a "soft rug pull" after building a $2 billion company that generated only $45 in daily revenue.

Economists Predict Moderate July PCE Inflation Economic experts anticipate a moderate impact on July Personal Consumption Expenditures (PCE) inflation, signaling a possible stabilization in price increases.

Crypto Sleuth Slams BlockDAG as Fake Project Crypto analyst ZachXBT warns that BlockDAG, a project combining blockchain and DAG technology, is a potential scam due to its prolonged presale lasting over 1.5 years.

NFT Market Cap Plummets as Ethereum Slides The NFT market capitalization dropped to $8.1 billion following a broader decline in cryptocurrency prices, with Ethereum's price correction leading to increased gas fees and reduced trading activity.

Cryptocurrency Whale Suffers $8.8M Loss A major cryptocurrency whale is facing significant unrealized losses, totaling $8.8 million, as the market continues to shift.

Ethereum Price Dips Amid Profit-Taking Ethereum's price has fallen to $4,335, marking a 4.35% daily decline, driven by profit-taking among large investors. Technical indicators suggest a potential bearish breakdown to $4,000.

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