Category: Market Insights

Fartcoin, the meme coin with a cult-like following, saw a sharp decline of over 8% in the past 24 hours, slipping to $1.09 on Tuesday afternoon. This marks its steepest single-day decline in nearly three weeks, erasing roughly $100 million from its total market capitalization and casting doubt on its year-long upward trajectory.

The dip in Fartcoin’s price comes in tandem with a broader cooldown across the crypto market, as Bitcoin and other large-cap assets experience a mild pullback. Now down nearly 28% from its late-June high of $1.51, Fartcoin finds itself flirting with psychological support at the $1.00 mark—a level that could dictate the token’s short-term direction.

According to CoinMarketCap, daily trading volume sits at approximately $238 million, consistent with last week’s average, while CoinGecko data shows an 8.9% slide. With 999.9 million tokens in circulation, Fartcoin’s live market cap stands at $1.09 billion, placing it as the 64th-largest cryptocurrency by market size.

Market sentiment is turning cautious. Chart analysts point to a descending trend line—first established in mid-June—that has repeatedly stifled every recovery attempt. “Trading just at the diagonal resistance, best place to trap breakout traders and early shorters,” noted AltCryptoGems in a fresh technical update.

Adding intrigue, on-chain data from Lookonchain revealed two wallets collectively spent $8.7 million in USDC to buy 7.2 million FARTCOIN on July 6, at an average price of $1.21. This may indicate that some large holders view the pullback as a buying opportunity.

Meanwhile, the Fartcoin development team confirmed that its long-awaited staking portal is set to enter public testing later this quarter. If successful, the move could reduce circulating supply and add new use cases for holders willing to lock tokens for passive income.

Still, derivatives markets are showing restraint. Open interest in perpetual futures has dropped by 12% since Friday, while funding rates on the largest trading pair remain flat, suggesting traders are taking a wait-and-see approach.

If Fartcoin loses the $1.00 support, technicians see the June swing low at $0.87 as the next key level. However, if price holds above $1.00, it keeps the medium-term trend intact—and any future exchange-listing news could reignite bullish momentum.

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Ripple just bagged a major ally in its mission to make RLUSD the go-to stablecoin for institutions—none other than Wall Street giant BNY Mellon. In a July 9 announcement, Ripple confirmed that BNY Mellon will act as the primary reserves custodian for RLUSD, a stablecoin tailored for enterprise-grade financial use cases.

This announcement comes as RLUSD hits a $500 million market cap—a clear signal that institutional interest is ramping up.

BNY Mellon, with more than $43 trillion in traditional assets under custody, brings heavyweight credibility and infrastructure to the table. The bank will also provide Ripple with access to its powerful transaction banking services to help streamline global payment operations.

Ripple’s SVP of Stablecoins, Jack McDonald, said RLUSD fills a critical void for institutions seeking a stable, transparent digital dollar alternative.

Adding a little intrigue to the mix: Sandie O’Connor, who sits on both Ripple’s and BNY Mellon’s boards, provides a direct governance connection between the two financial titans.

Ripple has been aggressively scaling RLUSD’s ecosystem. It recently partnered with Swiss crypto bank AMINA and OpenPayd to offer custody, trading, minting, and burning of RLUSD. The company has also applied for a national bank charter from the OCC—showing that Ripple’s ambitions aren’t stopping with just stablecoins.

After the BNY news, XRP saw a solid price jump, trading at $2.38—up nearly 4% in 24 hours.

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‘Coinbase’ Altcoin Soars 235%, But It’s Not the Real Deal

A newly launched crypto token named “Coinbase (COIN)” has sent shockwaves through the market after surging over 235% in just 24 hours—despite having no connection to the real Coinbase Global Inc. (NASDAQ: COIN).

The altcoin, which appears to mimic the branding of the popular U.S. crypto exchange, has rapidly climbed to a market cap of $23 million. Since its launch, the token has delivered a jaw-dropping 2,800% return, raising both eyebrows and regulatory concerns across the crypto community.

Meanwhile, actual Coinbase stock has remained relatively stable, gaining just 0.57% on the day. It opened at $354.20 and currently trades around $357.84, reflecting cautious investor sentiment despite recent bullish analyst upgrades.

Analysts like Gautam Chhugani from Bernstein recently raised Coinbase Global’s price target from $310 to $510, citing its S&P 500 inclusion, Ethereum Layer-2 innovation, and growing dominance in the U.S. crypto exchange market.

Important clarification: The Coinbase (COIN) token is not affiliated with Coinbase Global in any way. This is explicitly stated on CoinMarketCap, but that hasn’t stopped many traders from confusing the two—especially with the misleading name and ticker symbol.

The episode adds to the growing trend of lookalike tokens trying to ride the wave of established crypto brands. Experts warn retail investors to always double-check project legitimacy before jumping in, especially during volatile surges.

In short, the “Coinbase” altcoin may be pumping now—but it’s no substitute for the real deal. As FOMO spikes, so does the risk of being caught on the wrong side of a speculative play.

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Toncoin Pumps on UAE Residency Rumor, Dumps After Denial

Toncoin (TON) saw a dramatic price swing on July 7 after a viral claim suggested that staking $100,000 worth of TON could secure long-term UAE residency. The rumor, spread by the TON Foundation, briefly sent TON soaring 10% to $3.05, igniting hype on Twitter and Telegram.

However, the rally quickly unraveled. UAE officials publicly denied the existence of any such residency-through-crypto-staking program, triggering a sharp 6% correction. Despite the fall, TON ended the day up 3.7%, closing at $2.83.

The real story may be in the trading volume, which exploded over 900%, topping $795 million for the day. On-chain data reveals that 68% of TON is held by whales, making it especially prone to large, fast moves.

Technically, TON found support at $2.78, near the 78.6% Fibonacci level, but remains unable to break the $3.00–$3.20 resistance zone — a ceiling it has tested and failed multiple times since May.

If bullish momentum builds, a breakout could target $3.60 or even $4.00, but without it, a slide back to $2.65 or $2.30 is possible.

This price whiplash shows the power of hype in crypto—and how fast fiction can spark millions in trading volume.

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Ripple’s RLUSD Stablecoin Powers 24/7 Cross-Margin Trading at Hidden Road

Ripple has taken a major leap into institutional finance by integrating its stablecoin RLUSD with prime brokerage Hidden Road, enabling 24/7 cross-margin trading. RLUSD, backed by the U.S. dollar, will now serve as universal collateral across crypto, FX, equities, and commodities — a first in the industry.

This development comes shortly after Ripple’s $1.25 billion acquisition of Hidden Road. At a press event in Singapore, Ripple CEO Brad Garlinghouse highlighted RLUSD’s role in offering year-round capital efficiency with no downtime, simplifying risk management for global institutions.

In a strategic move, Hidden Road will also adopt the XRP Ledger for post-trade settlements. This upgrade will enhance transaction speed, reduce costs, and reinforce the broker’s $3 trillion annual trading infrastructure. The XRP Ledger’s scalability will also boost Hidden Road’s credit network that bridges traditional and digital markets.

As RLUSD remains regulated and institution-friendly, its adoption reflects growing demand for compliant stablecoins in professional trading environments.

The announcement comes just ahead of a pivotal U.S. Senate Banking Committee hearing on July 9, where Ripple’s CEO is expected to testify. The hearing may offer legal clarity on whether tokens like XRP are securities or commodities — potentially reshaping U.S. crypto regulation.

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Bybit Launches Fully Licensed Crypto Platform in Georgia

Bybit, a major global crypto exchange, has launched a new platform tailored for Georgian users — BybitGeorgia.ge. Marking a strategic expansion in Eastern Europe, the exchange becomes the first of its kind in Georgia with a full local license, enabling it to offer spot trading, OTC services, and asset conversion.

The platform plans to introduce fiat deposit and withdrawal options, alongside the Bybit Card, which will allow users to spend crypto in daily transactions. According to Tekla Iashagashvili, Georgia’s Country Manager, this move is part of its mission to support Georgia’s growing digital economy and bring crypto access to more users worldwide.

This launch follows its introduction of Bybit.eu, its MiCAR-compliant platform for the European Economic Area, and new offices across key EU nations including France, Germany, and Italy.

To celebrate its Georgian debut, it is running a Launch Campaign (July 7 – August 7) with a reward pool of 20,000 USDT. New users can earn up to 115 USDT through welcome bonuses, deposits, trading, and referrals.

As Georgia advances toward EU integration, its presence positions it as a key player in the country’s crypto ecosystem.

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XRPL Data Now on Dune Analytics: A New Era of Transparency for Ripple Users

The XRP Ledger (XRPL), one of the oldest and most reliable blockchain networks, is now integrated with the popular analytics platform Dune. This means anyone—from developers to investors—can access real-time dashboards and explore XRPL’s rich ecosystem data like never before.

Since its 2012 debut, it has handled over 4 billion transactions, with daily activity reaching 2.2 million transactions in 2025, up from just 50K per day in 2013. Over 14 million XRP in fees have been paid to date.

Despite its maturity, it is still expanding its user base rapidly. It now has over 5.6 million accounts, with 2,800+ new accounts created just yesterday. Back in 2022, it was adding 1K–2K new accounts daily—now in 2025, it often hits peaks of 8,000+ new users a day.

In just the past week, it processed 14.1 million transactions and saw activity from over 78,000 distinct senders. That’s nearly 180 transactions per sender—in just 7 days.

The most popular use case on XRPL remains simple payments, which surged from 1.5 million weekly in 2023 to over 8 million today. Other major activities include DEX trading and NFT minting.

XRPL’s built-in decentralized exchange (DEX) supports 400+ trading pairs with 2,300+ daily traders. Without needing smart contracts, it’s handled over 384 million XRP in volume, thanks to smart routing and deep liquidity.

Further powering its DEX are native Automated Market Makers (AMMs). These smart liquidity pools now number over 20,000, managing 350 million+ XRP in total volume, with an average of 2 million XRP traded daily through AMMs alone.

With Dune now supporting XRPL, expect transparency, research, and developer engagement to accelerate across the Ripple ecosystem.

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