03 Jul 2025 | 05:20:11 AM IST
Cryptocurrency News & Live Updates
Synopsis
As of July 2, 2025, BNB has dipped below 660 USDT, currently trading at 659.97 USDT, with a modest 2.25% increase over the last 24 hours.
In the latest cryptocurrency updates, BNB has experienced a decline, trading at 659.97 USDT, despite a slight 2.25% increase in the past day. Meanwhile, the memecoin market is buzzing with speculation around Pepeto and PEPE, as investors seek potential high returns this July. Pepeto, with its innovative PEPETO Bridge exchange, aims to enhance cross-chain transactions and has garnered attention for its impressive staking yield. In regulatory news, OpenAI has distanced itself from unauthorized tokenized equity sales on Robinhood, raising concerns about the legitimacy of such offerings. Additionally, Pudgy Penguins’ token, PENGU, has surged 64% in a week, driven by excitement over a proposed ETF that combines NFTs and tokens. Lastly, Celsius has received court approval to pursue a $4 billion lawsuit against Tether, alleging improper liquidation of Bitcoin collateral. These developments highlight the dynamic and often volatile nature of the cryptocurrency market, as investors navigate opportunities and risks.
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BNB Falls Below 660 USDT Despite 24-Hour Gains
As of July 2, 2025, BNB has dipped below 660 USDT, currently trading at 659.97 USDT, with a modest 2.25% increase over the last 24 hours.
Pepeto vs PEPE: Which Memecoin Will Surge in July?
Explore which memecoin, Pepeto or PEPE, could lead the next rally in July, with insights on their current market positions and potential for high returns.
OpenAI Declares Robinhood’s Tokenized Equity Unauthorized
OpenAI has stated that the tokenized equity offerings on Robinhood are unauthorized and not endorsed by the company, emphasizing that any transfer of its equity requires prior approval.
Pudgy Penguins Token Soars 64% in One Week
PENGU, the token linked to Pudgy Penguins NFTs, has surged 64% in a week, driven by excitement over a proposed ETF that would include PENGU tokens and NFTs.
Celsius Wins Court Approval for $4.3B Tether Lawsuit
A New York bankruptcy court has permitted Celsius to advance with its $4 billion lawsuit against Tether, alleging improper liquidation of nearly 40,000 bitcoins in June 2022.
Discover OPTO Miner’s Eco-Friendly Cloud Mining Platform
OPTO Miner combines renewable energy with cloud mining, offering users a sustainable and efficient way to earn cryptocurrency without the need for physical mining equipment.
Gold Prices Climb Amid U.S. Tax Bill Worries
Gold prices have surged to approximately $3,340 per ounce, driven by concerns over a multi-trillion-dollar tax bill approved by the U.S. Senate, which may worsen the fiscal outlook for the country.
Alibaba Cloud Boosts AI with New Data Centers
Alibaba Cloud is expanding its global infrastructure by launching new data centers in Malaysia and the Philippines, enhancing its AI capabilities and cloud services.
Pi Coin Price Outlook for 2030
The Pi Network community is buzzing about Pi Coin’s future value as it transitions to real-world applications, despite facing challenges like lack of exchange listings and regulatory clarity.
Leading Pharma Biotech Stock Soars on Blockchain Deal
Shares of Leading Pharma Biotech surged nearly 240% following the announcement of its plan to acquire full ownership of the blockchain project Conflux, with two Conflux founders currently serving as executive directors at the company.
American Bitcoin and Gryphon Digital Mining Merger Plans
American Bitcoin Corp. and Gryphon Digital Mining have submitted a revised S-4 registration statement to the SEC for their stock-for-stock merger, with plans to operate under the American Bitcoin brand and list on Nasdaq by Q3 2025.
Elon Musk’s New Political Party Speculation Rises
Recent data suggests a 40% chance that Elon Musk will launch a new political party this year, with varying probabilities reported by Kalshi and Polymarket.
Ethereum Spot ETFs See Major Inflows and Outflows
On July 1, 2025, Ethereum spot ETFs recorded a net inflow of $40.68 million, with Blackrock’s ETHA leading at $54.84 million. Grayscale’s ETHE saw a net inflow of $9.96 million, while Fidelity’s FETH faced a significant outflow of $24.11 million.
BitFuFu Reports Strong Hashrate and Bitcoin Holdings
BitFuFu’s mid-year report for 2025 shows a hashrate peak of 34.1 EH/s and Bitcoin holdings of 1,709 coins, leading to its inclusion in Bitwise’s Bitcoin Standard Corporations ETF.
Spot Ethereum ETFs Expected to Surge by Late 2025
Bitwise CIO Matt Hougan predicts significant growth in spot Ethereum ETF inflows in H2 2025, coinciding with Robinhood’s development of a Layer-2 chain on Arbitrum to enhance Ethereum’s role in tokenized finance.
48 Club Modifies Services Following BNB Chain Upgrade
The KOGE team, known as 48 Club, announced on X that they will phase out the 0Gas service tied to the 48Soul Point system due to BNB Chain upgrades, while stablecoin transfer routing will remain unaffected.
Venom Price Prediction: Can VENOM Double Again?
Venom (VENOM) has surged 70% from its yearly low, currently trading at $0.17147. Analysts predict potential fluctuations in its price, with forecasts suggesting a drop to $0.130938 by mid-2025 and a range of $0.369128 to $0.669135 by 2030.
Ripple Secures 300 Million XRP in Escrow
Whale Alert reports that Ripple has locked 300 million XRP tokens, worth around $659.82 million, in its escrow account as part of its strategy to regulate XRP supply.
Bitcoin Approaches $110K Amid Market Catalysts
Bitcoin is nearing $110,000, gaining nearly 3% in 24 hours due to a combination of high trading volumes, geopolitical events, and ETF developments.
Vaultz Capital Secures £1 Million for Bitcoin Expansion
Vaultz Capital, a digital asset management firm based in London, has raised £1 million (around $1.16 million) through an oversubscribed offering to enhance its Bitcoin holdings.
SEC Reviews Grayscale ETF Fund Approval
The SEC is reviewing its recent approval for Grayscale’s Digital Large Cap Fund to convert into an ETF, temporarily halting the order until further notice.
Ethereum (ETH) Hits 2,600 USDT with 8.08% Gain
As of July 2, 2025, Ethereum has surpassed the 2,600 USDT mark, currently trading at 2,603.54 USDT, reflecting an 8.08% increase in the last 24 hours.
XRP Poised for Significant Growth? Key Factors to Monitor
XRP, Ripple’s native token, is gaining attention as the SEC lawsuit concludes, potentially enhancing its utility and partnerships, which could drive prices higher.
Binance Introduces USD Crypto Trading Promotion
Binance has launched a USD Buy/Sell Crypto Promotion for corporate users, offering exclusive rewards and a chance to win trading fee rebates during the promotional period from July 2 to August 14, 2025.
BONK Rallies 10% as ETF Launch Date Approaches
BONK surged nearly 10% to $0.00001494 following Tuttle Capital’s announcement of July 16 as the earliest potential launch date for its 2x leveraged BONK ETF, pending SEC approval.
K33 Increases Bitcoin Holdings with New Purchase
K33, a Bitcoin asset management firm, has acquired 10 additional bitcoins for around 10 million Swedish kronor, raising its total to 35 bitcoins. The firm recently launched a Bitcoin financial strategy and completed a share issuance to fund the purchase of up to 1,000 bitcoins.
Banca Sella Ventures into Digital Asset Custody
Banca Sella Holding SpA is piloting custody services for digital assets, including stablecoins, in collaboration with Fireblocks. Currently, only select employees can hold digital assets, but client services may follow.
Zodia Custody Expands in Middle East with Acquisition
Zodia Custody, a Standard Chartered subsidiary, has acquired Tungsten Custody Solutions, enhancing its institutional services in the Middle East with new regulatory approvals.
Trump’s Crypto Holdings Estimated at $620 Million
A Bloomberg report reveals that Donald Trump’s crypto ventures are valued at $620 million, constituting about 9% of his $6.9 billion net worth.
U.S. Job Cuts Hit Lowest Level Since December 2024
In June, U.S. companies announced 47,999 job cuts, the lowest since December 2024, down from 93,816 previously.
JPMorgan and S&P Global Explore Carbon Credit Tokenization
JPMorgan’s blockchain division Kinexys collaborates with S&P Global to test the creation and tracking of tokenized carbon credits using blockchain technology.
Traders Boost Expectations for Fed Rate Cuts
Following the release of ADP data, traders have raised their expectations for at least two Federal Reserve interest rate cuts by the end of 2025, with the probability of a July cut increasing from 20% to 27.4%.
Banca Sella Trials Stablecoin Custody with Fireblocks
Banca Sella is testing crypto custody services for select employees using Fireblocks’ software, with a decision on broader customer access expected by summer’s end.
Coinbase Acquires LiquiFi for Token Management
Coinbase has acquired LiquiFi, a platform that aids major crypto entities in managing token ownership and compliance, to enhance on-chain development for startups.
Ripple Enhances Stablecoin Infrastructure with New Partnership
Ripple has teamed up with OpenPayd to develop a stablecoin and payments infrastructure, integrating Ripple’s network with OpenPayd’s fiat services to support Ripple USD (RLUSD) for businesses.
U.S. Treasury Deputy Anticipates Trade Agreement Announcements
U.S. Treasury Deputy Secretary Falkender has announced that multiple trade agreements are likely to be revealed next week, following ongoing discussions to strengthen international trade relations.
Ripple Secures 300 Million XRP in Escrow
Whale Alert has reported that Ripple has locked 300 million XRP tokens, worth around $659.82 million, in its escrow account as part of its strategy to manage XRP supply.
Vaultz Capital Secures £1 Million for Bitcoin Expansion
Vaultz Capital, a digital asset management firm based in London, has raised £1 million (around $1.16 million) through an oversubscribed offering to boost its Bitcoin holdings.
Binance Unveils USD Crypto Trading Promotion
Binance has launched a USD Buy/Sell Crypto Promotion for corporate users, offering exclusive rewards and a chance to earn trading fee rebates during the promotional period from July 2 to August 14, 2025.
BOB Launches Testnet for BitVM Bridge
Layer-2 network BOB has introduced its testnet ahead of the mainnet launch in Q4 2023, utilizing the BitVM computing paradigm to facilitate BTC transfers for DeFi services without wrapped assets.
NEAR Protocol Gains 3.8% as CoinDesk 20 Index Rises
The CoinDesk 20 Index is up 1.2% to 2994.89, with NEAR Protocol leading the way with a 3.8% increase, while ADA also shows strong performance at 3.3%.
Crypto Market Trends Update: July 2, 2025
The global cryptocurrency market cap is $3.31T, with Bitcoin trading at $107,707.44, up 0.84%. Notable gainers include AWE, PORTAL, and ARK, rising by 27%, 18.40%, and 13.79%, respectively.
