Crypto News
U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets
U.S. exceptionalism, the notion that the U.S. economy and its financial markets are distinct compared to those of other nations, remains alive and well, at least according to the equity markets.Since the early April slide, Wall Street's tech-heavy Nasdaq index has surged 31%, while the broader S&P 500 index has rallied 24%, according to data source TradingView. Other major indices, such as Germany's DAX, France's CAC, Japan's Nikkei, and China's Shanghai Composite, have lagged behind Wall Street.Both Nasdaq and the S&P 500 traded at record highs Thursday. Demand for U.S. Treasury notes has held up amid concerns about fiscal sustainability, as noted by CoinDesk last month.The data contradicts the popular narrative that capital flows are rebalancing away from the U.S....
Trader Predicts Bitcoin Could Hit $250,000 by End of 2025
A prominent crypto trader argues bitcoin is positioned to surge to $250,000 before the end of 2025, citing unique market dynamics and historical patterns. Analyst Sees Path for Bitcoin to Reach $250K This Cycle Michaël van de Poppe bases this bullish outlook on bitcoin’s current consolidation near $100,000, which he sees mirroring extended pauses beforeSource link
FLOKI Advances Blockchain Gaming Ambitions With Valhalla Mainnet Launch and Esports Partnership
FLOKI FLOKI traded near $0.00007417 on July 5, up 1.32% over the past 24 hours, according to CoinDesk Research's technical analysis model. As for the broader memecoin sector as gauged by the CoinDesk Memecoin Index(CDMEME), it is up 1.79% during the same period.Although FLOKI is often categorized as a meme coin, its ecosystem has long featured gaming-related functionality, including NFT-based characters, play-to-earn mechanics, and token integration for in-game rewards. But the launch of the Valhalla mainnet marks its most ambitious gaming milestone to date.On June 30, 2025, FLOKI officially launched Valhalla, a blockchain-based game inspired by Norse mythology. The game runs on opBNB, a Layer-2 network designed to enable fast and inexpensive transactions. Players take control of Veras — customizable...
Bitcoin Hashrate Revs up 88 EH/S Since the Low as Miners Race Toward Profitability
Bitcoin’s hashrate has picked up speed, adding 88 exahash per second (EH/s) over the past 11 days after falling to 810 EH/s on June 24. Meanwhile, miners are enjoying an 11.62% increase in profitability compared to a month ago. From Slump to Sprint: Bitcoin Hashrate Rockets Back, Profits Surge Since bottoming out on June 24,Source link
WIF Holds Key Support as Whales Accumulate Over 39M Tokens
Dogwifhat (WIF) continues to draw attention amid volatile market conditions, with the token consolidating around $0.8319 after dipping 1.17% over the past 24 hours, according to CoinDesk Research's technical analysis model. As for the greater memecoin section as gauged by the CoinDesk Memecoin Index(CDMEME), it is up 1.79% during the same period.Price action formed a 5.1% range from $0.821 to $0.864, with critical support confirmed near $0.835 on significant volume. A sharp rally earlier this week to $0.92 drew profit-taking, but technical strength remains as WIF holds above its new local floor.Blockchain analytics show whale wallets have accumulated more than 39 million tokens, a pattern that aligns with broader memecoin rotation underway across Solana-based assets. This trend comes as BONK...