MarketWhisper

Blum (BLUM) is currently reported at 0.06350 USD in the early European session today (10), with a daily fall of over 16%. Despite the cooling of speculative sentiment, Blum continues to advance ecological development. AEON collaborates with Blum to integrate the BLUM Token into AEON Pay's encryption payment infrastructure, marking an important step for the application of digital assets in daily life.

Pi Network (PI) today (10) continued its rebound trend during the European early session, currently reported at 0.4716 USD. Compared to the peak level in May, the price of Pi coin has dropped by more than 70%, but technical indicators suggest that Pi coin has formed a "double bottom" reversal pattern, which may lead to a bullish breakout in the coming weeks.

Despite Ethereum (ETH) performing strongly recently (with a rise of nearly 30% in three weeks, outperforming Bitcoin), and institutional allocation accelerating (such as Trump holding 95% in ETH and BlackRock dominating the market), its price has still not broken through the key resistance level ($3,000) and is far below its historical high ($4,891). Although the ETH/BTC exchange rate has rebounded by 20%, it remains near a five-year low. Analysis points out that Ethereum faces a problem of identification, and its trend still heavily relies on Bitcoin (BTC) performance. If BTC experiences a pullback, whether ETH can strengthen independently and set a new historical high becomes a crucial question.

Bitcoin has broken through its historical high, and its market dominance is nearing the resistance level before the breakthrough in 2020. Despite the risk of a pullback, if market sentiment remains bullish, Bitcoin may break through the current resistance range, with a target price potentially reaching $135,000.

DOGE (Dogecoin) continued its upward trend in the European morning session today (10), currently reported at $0.1820. Crypto assets analyst Ali Martinez emphasized a familiar chart pattern in his latest video "DOGE Rebound," which he believes could lead to a significant pump in DOGE's price. According to him, this upward trend has already been initiated.

Driven by the strong momentum of BlackRock's Spot Bitcoin ETF IBIT breaking through the bullish flag technical pattern, the spot price of Bitcoin ($BTC) successfully broke through the key resistance level of $111,000. Senior chart analysts point out that this classic bull run continuation signal suggests that the BTC price may rise another 30%, targeting between $134,000 and $140,000, marking the restart of the Crypto Assets bull market since the April low. However, caution is warranted regarding the risk of a deteriorating macro environment leading to a failure of this pattern.

Bitcoin (BTC) set a new all-time high of over $112,000 this week, while Ethereum held above the key support zone. On-chain data provided by Santiment, Altcoin Daily, and crypto analyst Ali clearly illustrates what is happening beneath the surface and the reasons why the market may be preparing for more pumps.

Australia's Project Acacia aims to promote financial innovation in the country by testing the application of digital money in tokenization asset transactions. Although some experts have raised concerns about permissioned blockchains, arguing that they may restrict true blockchain innovation, this project will still bring significant economic and technological pilot opportunities to Australia.

The bankrupt exchange FTX's latest proposal aims to deprive creditors from 49 jurisdictions (including China) of their compensation rights, facing collective legal opposition from Chinese users. Weiwei Ji, a Chinese tax resident in Singapore representing 300 creditors, has submitted a formal objection to the U.S. Bankruptcy Court in Delaware. The core dispute revolves around FTX restricting payouts on the grounds of "local cryptocurrency bans or unclear regulations," while Chinese creditors account for over 80% of the total value of affected claims. Weiwei Ji refutes this by stating: 1) Chinese law recognizes the legality of cryptocurrency holdings (court cases support BTC/ETH as personal property); 2) Compensation is settled in USD and can be received through Hong Kong accounts, posing no legal risks. The independent judicial system in Hong Kong and its supportive stance on compliant encryption activities are cited as evidence.

The popular project Pumpfun in the Solana ecosystem is set to launch its official token PUMP for public sale on July 12. However, before the official sale, the PUMP token has already shown remarkable market enthusiasm on the derivatives platform Hyperliquid. Its trading price not only surpassed the pricing of the initial coin offering (ICO), but also displayed significant premiums, attracting a large amount of speculative interest. This wave of excitement not only suggests that the PUMP token may perform strongly after its listing but also reflects the market's expectations for the future development of the Pumpfun platform.

Ant Group supported by Jack Ma is collaborating with stablecoin issuer Circle to adopt USDC stablecoin on its blockchain platform. The cooperation will advance once USDC meets the U.S. regulatory requirements. This move is a key step for Ant International to expand the application of compliant crypto assets (such as CBDC and deposit tokens). Ant's blockchain processes over $1 trillion in global transactions annually and has partnered with more than a dozen international banks, including HSBC and JPMorgan. Ant International is actively seeking stablecoin licenses in Singapore and Hong Kong, and its independent operations and strong financial performance (nearly $3 billion in revenue in 2024) pave the way for a potential spin-off listing (valuation could reach $24 billion). The global market capitalization of stablecoins is about $250 billion, and the regulatory framework is gradually improving, attracting giants like Walmart and Amazon to explore issuance.

Ethereum (ETH) continued its upward trend in the European early trading hours today (10), currently reported at 2,787 USD. With Bitcoin reaching a historical high, interest from investors in the crypto assets market is reigniting, especially in the Decentralized Finance (DeFi) sector. Investors are shifting their focus towards the utility of digital assets, rather than relying solely on simple capital gains, with the Total Value Locked (TVL) in the DeFi market growing by over 34 billion USD in the past three months.

World Liberty Financial has launched a governance vote, planning to make its WLFI Token tradable on the public market. The vote started on July 9, with preliminary results showing high support. If the vote passes, the WLFI Token will enter the DEX, expand community participation, and drive price discovery and governance decision-making. Although the project is related to the Trump family, the voting content does not involve political factors. The project is also developing a USD stablecoin and plans to conduct compliance audits and integrate blockchain monitoring tools.

The PENGU Token has recently made a strong breakthrough at the key resistance level on the daily chart (cup and handle neckline), with a big pump of over 23% during the day. The cumulative rise during this rebound reached 125% (compared to last month's low) and 370% (compared to this year's low), entering the top 100 Crypto Assets by market capitalization (currently ranked 89th), with the market capitalization returning to the $1 billion mark. Key driving factors include: the official confirmation of the spot PENGU ETF application by the US SEC (80-95% allocation in PENGU Token, 5-15% allocation in Fat Penguin NFT), on-chain data showing that Whale holdings increased by 21% month-on-month, a significant decrease in the supply of tokens on exchanges (a reduction of 1.3 billion tokens), and the funding rate for Perpetual Futures turning positive. After breaking through the cup and handle pattern on the technical side, the potential upward target points to $0.0318 (+75%), with a key support level at $0.0142.

Bitcoin reached a historic high of $112,040, shocking the TradFi markets. Ric Edelmen, founder of the American asset management company Edelman Financial Services, which manages $250 billion in assets, stated that with the popularity of Bitcoin and savvy investors buying the dips, he believes Bitcoin's value will increase by over 350% from its current price within less than 5 years.

The Cosmos (ATOM) Token has shown significant rise driven by strong sentiment in the recent altcoin market, with its price increasing from $4.05 to $4.21 on July 9, a rise of 4%, and it has now broken through $4.3. Despite a slight pullback during this period, ATOM remains strong and has successfully broken through technical resistance levels. With the rise in Bitcoin prices and the broader market recovery, ATOM has gained more favor among investors and may continue to maintain a bullish trend in the coming days.

When the price of Bitcoin reached a new high, the government of Bhutan transferred 213 BTC, raising market concerns about potential selling pressure. Although BTC is currently in a strong pump trend, the behavior of long-term holders (LTH) may determine the future direction of the market. As BTC enters the price discovery range, the market may face a pullback. Meanwhile, policy-driven advancements in the encryption industry and the potential for The Federal Reserve (FED) to lower interest rates could also provide further upward momentum for the price of Bitcoin.

Pi Network (PI) has slightly risen to $0.4716 during the Asian afternoon session today (10). Despite significant advancements like the launch of Pi App Studio to promote innovation, the price of Pi coin unexpectedly fell. This round of short positions has raised concerns among the Pi community users about the manipulation of the price of Pi coin.

Shiba Inu (SHIB) is once again in the spotlight, with whispers in the market about a potential major bullish turnaround. Despite the price movement being weak for months, leaving investors feeling impatient, crypto assets analysts have now pointed out that a large-scale Rebound is brewing. Crypto assets analyst Javon Marks believes that its price may be poised for a rise of up to 180%.