The Bitcoin price is holding firm near $108,000 this week after briefly reclaiming $110,000, with traders eyeing a key breakout above $116,000. If momentum holds, analysts say BTC could still rally over 50% before the current cryptocurrency bull run ends. As greed returns to both crypto and stocks, the markets are heating up. Here’s a roundup of the top crypto stories this week.
Bitcoin Price Eyes $165K as Bulls Target Breakout Above $116K
Bitcoin is regaining strength, hovering around $108,000, as traders eye a critical resistance level at $116,000. A confirmed breakout could spark a rally toward $165K, according to analysts. Bullish technicals, rising momentum, and cleared FUD over dormant coins suggest BTC still has room to run this cycle, making the next few days key for direction.
Botanix and Chainlink Bring DeFi to Bitcoin with New Layer 2 Mainnet
Botanix Labs has launched its Bitcoin Layer 2 mainnet in partnership with Chainlink, unlocking Ethereum-style decentralized finance (DeFi) on Bitcoin. Powered by Chainlink oracles and CCIP, it offers 5-second blocks, ultra-low fees, and over 40 dApps at launch. Its Spiderchain architecture ensures decentralization and native BTC custody, ushering in a new era for Bitcoin’s utility.
XRP Eyes 50% Breakout on Bullish Chart and ETF Momentum
XRP is trading in a tight range but flashing signs of a major breakout. Bullish technicals, a strengthening risk-on market, and rising optimism over an XRP ETF approval could push the token 50% higher. Momentum is also building from the rapid growth of Ripple’s RLUSD stablecoin, now nearing $500 million in assets.
Trump’s “Big Beautiful Bill” Boosts Crypto Sentiment
The U.S. House passed Trump’s Big Beautiful Bill, triggering optimism across the crypto market. The bill extends tax cuts and raises the debt ceiling, sparking demand for crypto as a hedge. Analysts highlight Bitcoin Cash, SYRUP, and Bitcoin Pepe as top picks, with strong technicals and bullish narratives driving attention in this next phase of the cycle.
IMF Rejects Pakistan’s Bitcoin Mining Power Plan
Pakistan’s push to allocate 2,000MW for Bitcoin mining and AI data centers has been blocked by the IMF, citing power market risks and legal concerns. The move stalls the country’s broader digital transformation efforts, including the establishment of a strategic Bitcoin reserve. Officials say talks with global partners are continuing as they attempt to revise the proposal.
Injective Jumps 11% After Launching Ethereum-Compatible Testnet
Injective (INJ) surged 11% after unveiling its new EVM testnet, enabling Ethereum-based apps on its lightning-fast Layer 1 chain. The move sparked a surge in trading volume and bullish technical signals, with INJ now targeting a breakout above $13. If developer momentum continues, Injective could attract new users, liquidity, and broader ecosystem growth.
SEC Approves First Staking ETF With Solana Exposure
The SEC has approved the REX-Osprey Solana + Staking ETF (SSK), making it the first U.S. ETF to combine Solana exposure with staking rewards. Backed by Anchorage Digital as custodian and staking partner, the fund offers a 7.3% yield and stricter investor protections under the 1940 Act. This sets the stage for the development of more yield-based crypto ETFs.
Toncoin Holds Ground as Telegram Unlocks Real-World Utility
Toncoin dipped 5% to $2.78 after failing to break $3.15 resistance, but Telegram’s major rollout could spark a rebound. With full $TON integration, allowing users to pay for channels, tip creators, and monetize posts, Toncoin has just gained real utility inside an app with over 1 billion+ users. Active wallets are climbing, and analysts now eye a retest toward $3.28.
Circle Stock Slides 40% as Profit-Taking, Valuation Concerns Mount
Circle’s stock (CRCL) has plunged 40% from its June high, now trading near $180. Key drivers include profit-taking by early investors, such as Ark Invest, concerns over its $41 billion valuation, and slowing growth in USDC. Rate cut forecasts, and upcoming lockup expirations add pressure. Meanwhile, Circle’s push for a national bank charter signals long-term ambitions.
SRM Entertainment Stakes $100M in TRON, Becomes Largest Public TRX Holder
SRM Entertainment has staked over 365 million TRX tokens on JustLend, launching a $100M TRON treasury strategy aimed at generating up to 10% annual yield. Now the largest publicly traded TRON holder, SRM’s move boosts confidence in TRON’s growing role in stablecoin settlements and could set a precedent for corporate DeFi treasury adoption.
S&P 500 Goes On-Chain in Historic Centrifuge Partnership
Centrifuge and S&P Dow Jones Indices have partnered to launch the first tokenized S&P 500 fund, bringing Wall Street’s flagship index to the blockchain. Powered by Centrifuge’s “proof-of-index” infrastructure, the fund offers programmable, transparent, 24/7 access to index investing. Set to launch later this year, it marks a major leap for real-world assets in DeFi.
Ripple Debuts XRPL EVM Sidechain, Unlocking Ethereum dApps on XRP Ledger
Ripple has launched the XRPL EVM Sidechain on the mainnet, bringing Ethereum-compatible smart contracts to the XRP Ledger. Built with Peersyst and Axelar, the sidechain uses XRP as gas and supports seamless asset transfers. Developers can now deploy Ethereum dApps on XRPL, marking a major leap toward cross-chain DeFi, tokenization, and real-world crypto utility.
XRP Gears Up for July Breakout Amid ETF Hype and Legal Clarity
Despite sliding from its January peak, XRP is holding firm near $2 with bullish potential brewing. Institutional demand is rising through ETF filings and futures volume as Ripple’s lawsuit with the SEC nears a resolution. Technicals point to a symmetrical triangle breakout, with analysts eyeing a return to $3.40 if momentum is confirmed in early July.
