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Former World Bank President David Malpass Makes Special Statements on Interest Rate Cuts, the Fed, and the US Economy Former World Bank President David Malpass harshly criticized FED Chairman Jerome Powell's interest rate policy. Former World Bank President and Purdue University School of Business International Finance Expert David Malpass criticized the FED's interest rate policy on the Squawk Box program he attended on CNBC.
Malpass said the Fed's interest rates are “still too high” and are holding back growth in the U.S. economy.
Malpass criticized Fed Chairman Jerome Powell’s statement that Trump’s tariffs had raised inflation expectations and delayed interest rate cuts. Malpass described Powell’s assessment, made in Europe, as “contextual but distracting,” adding, “The real problem is that the Fed is still keeping interest rates too high.”
Stating that the European Central Bank prefers low growth, Malpass stated that this approach is not suitable for the US:
“The entire economy cannot be run on the principle of ‘let’s not overheat.’ That’s bad for the middle class and small businesses.” Malpass argued that Trump's proposal to not tax tips was a step in the right direction to support the working class. The program also brought up the compromise bill that would extend Trump’s tax cuts. Former Treasury Secretaries Robert Rubin and Larry Summers’ article titled “This Bill Is Dangerous” was recalled. Malpass said he disagreed with these criticisms: “If this law is not passed, there will be a tax increase. This will have a negative impact on growth. Rubin and Summers' proposals are from the 1990s. Today's conditions are different.” Related News BREAKING: Critical Banking License Application Submitted by Ripple - Exciting Developments for XRP Malpass responded to criticism that the bill would add an additional $3.3 trillion to the budget as follows: “These numbers are static models that assume the tax cuts are not extended and have no impact on growth. That is not the reality. The U.S. economy could grow much faster
Morning Pump for This Altcoin from Upbit! Altcoin, Expected to be Listed on Binance, Listed, Sudden Rise in Price! Upbit announced that it will list an altcoin called MOODENG. South Korea's largest cryptocurrency exchange Upbit started the day with altcoin listing news.
Accordingly, Upbit announced that it will list the altcoin called MOODENG. Upbit stated that it will list MOODENG on KRW, BTC and USDT trading pairs.
“On July 3, 2025, MOODENG will be added to the KRW, BTC and USDT markets on Upbit.
The listing for MOODENG is planned on the Solana network.”
Following the news, the MOODENG price rose by more than 50 percent.
MOODENG is a memecoin launched on the Solana network, themed after a pygmy hippo born in Thailand’s Khao Kheow Open Zoo.
Although MOODENG is not currently listed on Binance, Binance has listed Moo Deng (MOODENG) on its pre-listing pool Alpha.
How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed – Here Are the Hard-to-Believe Number It has been revealed how much of US President Donald Trump's wealth is linked to cryptocurrencies. Here are the details. US President Donald Trump and his family have reportedly earned $620 million from cryptocurrency ventures in recent months.
According to the updated version of the Bloomberg Billionaires Index, Trump's total wealth remains stable at $6.4 billion, while cryptocurrency projects now account for a significant portion of his fortune.
Previous reports have indicated that Trump has earned over $600 million from various ventures including golf clubs, licensing deals, and crypto. However, this new report includes the first detailed accounting of the Trump family’s expanding crypto investments, including NFT collections, decentralized finance (DeFi) project World Liberty Financial, and memecoins.
Related News Analysis Company Shares July Expectations for Bitcoin and Altcoins - Will They Continue to Sleep, or Will the Giant Awaken? According to Bloomberg, the Trump family made $390 million from the World Liberty token sale alone, and $150 million from the official Trump memecoin that launched in January. Those earnings could increase further as their crypto ventures expand.
The Trump family also owns a 20 percent stake in crypto mining company American Bitcoin. The company is planned to go public through a merger with Gryphon Digital Mining. American Bitcoin was founded with mining company Hut 8 and infrastructure provider America Data Centers and aims to create a treasury reserve with the Bitcoins it produces.
#BTCPrediction One of Belgium’s Largest Banks Takes Important Step with Bitcoin (BTC) and Ethereum (ETH) KBC, one of Belgium's major financial institutions, is preparing to offer its customers the opportunity to purchase Bitcoin and Ethereum. KBC, one of Belgium’s leading financial institutions, is preparing to offer individual clients the opportunity to purchase Bitcoin (BTC) and Ethereum (ETH) through its investment platform Bolero starting this fall. This move is a first for a major Belgian bank. According to a statement from KBC, the regulatory process required to gain official recognition as a crypto asset service provider is currently under analysis. The bank expects this process to be completed and approval to be received by the fall. Once approved, individual investors will be able to purchase BTC and ETH directly through KBC’s secure platform. The bank states that special attention will be paid to user education, security and legal compliance. The move makes KBC the first major Belgian bank to announce concrete plans to offer cryptocurrency services. Until now, Belgian investors have generally had to turn to foreign platforms such as Binance, Coinbase and OKX, or digital banks such as Revolut and N26 for their crypto investments. Related News How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed - Here Are the Hard-to-Believe Number Other major Belgian banks are taking a cautious approach. Belfius says it is exploring how to adapt to the crypto market through its investment platform Re=bel. ING Belgium says it is examining the issue “very carefully,” while BNP Paribas Fortis says it has no plans to offer any crypto-related services. Large banks in Europe have long shied away from the sector due to regulatory uncertainty, money laundering risks, and the high volatility of crypto assets. However, the introduction of the European Union’s MiCA (Markets in Crypto-Assets) regulation regulating crypto asset markets has changed the situation as banks no longer need extensive new licenses to enter the digital asset
Ripple-backed Company’s $100 Million XRP Announcement Causes a Stir The $100 million step from the company, which is traded on the US stock exchange and previously announced its XRP strategy, made a splash. US-listed Webus International Limited has announced that it has signed a senior equity credit line agreement with Ripple Strategy Holdings for up to $100 million. According to the press release, the financing will be used as part of Webus’ strategy to increase its XRP reserves.
Webus operates as an AI-powered mobility solutions provider that offers customizable luxury chauffeur services globally. The credit line reflects Webus’ confidence in its XRP-based growth strategy, said CEO Nan Zheng. “This $100 million facility minimizes shareholder dilution by allowing us to raise capital only when we need it, as we aim to accelerate our growth in North America and Asia Pacific,” Zheng said.
Related News Binance Founder Changpeng Zhao Reveals He Sent Vitalik Buterin $10 Million Worth of BNB - Here's Why According to the agreement, the company will be able to use funds in tranches ranging from $250,000 to $3 million, depending on market conditions and capital needs, under the credit line that will be valid for 24 months. The structure is designed to be shareholder-friendly with market-based competitive pricing and downside protection features.
It was announced that the funds to be obtained will be used for XRP-supported payments, blockchain-based loyalty programs and other global expansion initiatives.
Following the announcement, Webus shares rose as much as 87% but have since pared back some of those gains.
Bitwise Updated Bitcoin, Ethereum and Solana Price Prediction for 2025! Bitwise CIO Matt Hougan announced the latest status of the 10 Bitcoin and cryptocurrency predictions they made at the beginning of 2025. Bitcoin and altcoins have faced many challenging obstacles such as US President Donald Trump’s tariff policy in 2025. However, rally expectations for BTC and altcoins remain alive.
At this point, Bitwise announced its expectations for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) for 2025.
According to The Block, Bitwise CIO Matt Hougan updated their 10 predictions for 2025 in a note to their customers.
Hougan first stated that there was no change in his Bitcoin prediction and that they maintained their $200,000 target for BTC.
While Bitwise expects BTC to reach new highs and eventually $200,000 by the end of 2025, the same has not been true for ETH and SOL.
“We remain true to our $200,000 BTC forecast as we expect institutional demand for BTC to be greater from 2024, further driving the BTC price higher.
However, we are less confident that Ethereum and Solana will rally and reach new ATHs.
However, we expect that the increasing interest in stablecoins, ETF approvals, and the emergence of ETH and SOL treasury companies could push prices significantly higher.”
Bitwise announced that in its predictions at the beginning of the year, they set a target of $7,000 for Ethereum and $750 for Solana.
Current Status of Predictions!
Bitwise CIO listed the latest status of their predictions at the beginning of 2025 as follows:
“Prediction 1: Bitcoin, Ethereum and Solana are expected to reach new all-time highs and Bitcoin is expected to trade above $200,000. – Still valid for Bitcoin but some hesitations for ETH and SOL.
Prediction 2: Bitcoin ETFs will attract more inflows in 2025 than in 2024. – Still valid.
Prediction 3: Coinbase will surpass Charles Schwab as the world's most valuable brokerage firm, with its stock price exceeding $700.-
A Giant Company Listed on the New York Stock Exchange Makes a $528 Million Move into Bitcoin A major company traded on the New York Stock Exchange has raised funds to purchase Bitcoin, according to its latest statement. DDC Enterprise, the company behind Asia-based brands DayDayCook, Nona Lim and Yai’s Thai, which trades on the New York Stock Exchange (NYSE) under the ticker symbol “DDC,” has raised up to $528 million in capital commitments with the goal of growing institutional Bitcoin (BTC) reserves.
The funding comes via a $26 million private equity investment (PIPE) with “leading” digital asset investors, a $25 million convertible note issuance, a $2 million private placement and a $200 million equity credit line with Anson Funds, the company said Tuesday. DDC also retains the option to raise up to $275 million in additional capital via convertible notes.
DDC stated that it plans to purchase Bitcoin with these funds, and that the transactions will be carried out under the supervision of New York-based investment bank Maxim Group LLC.
Related News Binance Founder Changpeng Zhao Reveals He Sent Vitalik Buterin $10 Million Worth of BNB - Here's Why The company's founder, chairman and CEO, Norma Chu, made the following statement regarding the development:
“This maximum capital commitment of $528 million is a milestone for DDC. With leading institutions like Anson Funds, Animoca Brands, and Kenetic Capital supporting our vision, we have an unparalleled ability to build one of the world’s most valuable institutional Bitcoin treasuries and execute on our mission to become one of the largest holders of Bitcoin globally.”
DDC first announced its Bitcoin reserve strategy in May, when it sold 254,333 Class A shares to buy 21 BTC worth approximately $2.3 million. In mid-June, the company announced a $528 million funding target to expand the strategy.
BREAKING: SEC Approves ETF Conversion for Anticipated Altcoin Group – Here Are the Affected Altcoins The U.S. Securities and Exchange Commission (SEC) has “expedited” the conversion of Grayscale’s digital asset mix investment fund into an exchange-traded fund (ETF), a decision that could generate positive momentum for similar filings in the cryptocurrency market.
In a regulatory filing released today, the SEC approved the rule change regarding the conversion of Grayscale Digital Large Cap Fund LLC. “Pursuant to Section 19(b)(2) of the Exchange Act, the proposed rule change (SR-NYSEARCA-2024-87), as amended by Amendment No. 1, is hereby approved on an expedited basis,” the decision reads.
The fund, currently available over-the-counter (OTC) only to accredited investors, consists of approximately 80% Bitcoin, 11% Ethereum, and single-digit percentages of Solana (SOL), Cardano (ADA), and XRP.
Binance Founder Changpeng Zhao Reveals He Sent Vitalik Buterin $10 Million Worth of BNB – Here’s Why Binance founder Changpeng Zhao announced today that he sent a strong donation to Vitalik Buterin. Changpeng Zhao (CZ), founder of cryptocurrency exchange Binance, revealed that he donated $10 million worth of BNB to Ethereum co-founder Vitalik Buterin’s open-source biotech startups a few months ago.
CZ also noted that he has made private donations to several charities recently.
Zhao made the following statement in his social media post:
“I’m just making a small contribution. The best way to attract mission-driven talent is to believe in that mission yourself. Like-minded people naturally come together. Beyond the YZiLabs investments, I personally donated $10 million (in BNB) to Vitalik’s ‘open source’ biotech efforts a few months ago. I’ve also made private donations to a few other charities recently, and we’ve seen some great results. I’ll share those results soon.”
Vitalik Buterin has recently stood out for supporting various projects in the fields of biotechnology, such as open-source vaccine development, anti-aging research, longevity studies, and universal virus detection.
#BTCPrediction Is Bitcoin (BTC) Currently Overpriced or Undervalued? Here’s What Analysts Think Cryptocurrency analyst Axel Adler discussed the current situation of Bitcoin price being either too expensive or too cheap. Cryptocurrency analyst Axel Adler has provided important data on the current market position of Bitcoin. Based on the metric “Bitcoin Distribution by Realized Supply,” Adler assessed how expensive or cheap Bitcoin’s current price level is relative to the average cost of investors.
According to Adler, “Realized Supply” represents the total dollar value of Bitcoins on the network, calculated based on the most recent price movement. The ratio between this metric and the Bitcoin price allows comparison of today’s price with the average cost paid by investors.
Related News Co-founder and CEO of This Altcoin to Join US Government's Crypto Committee According to Adler, the Bitcoin price is currently slightly above the annual average based on this ratio. This shows that the market is neither overbought nor oversold, i.e. in a neutral position. Adler recalled that a similar ratio was observed before the rise in November 2024, when Bitcoin rose from $ 74,000 to $ 107,000. Adler, who touched upon another important indicator in his analysis, the “365-Day Bitcoin Price Change” metric, stated that this rate is currently around 30%. In other words, Adler stated that Bitcoin is currently increasing in value by around 30% on an annual basis, and that if a classic macro cycle is followed, this increase could reach levels of 60-70%, at which point investors will decide whether to make a profit or not. “Once this threshold level is reached, investors will either choose to take profits or wait for the rise to continue,” Adler said, adding that a similar structure has continued since September 2023.
#StrategyBTCPurchase According to Cointelegraph, the price of XRP (XRP) showed signs of indecision on June 30, experiencing a slight decline of 0.8% over the past 24 hours to trade at $2.17. Despite this, XRP remains above the $2.00 mark, with analysts emphasizing the importance of overcoming key resistance levels to achieve new all-time highs. Institutional interest in XRP investment products is on the rise, as evidenced by data from CoinShares. XRP exchange-traded products (ETPs) saw inflows of $10.6 million in the week ending June 27, contributing to a total of $219 million in inflows for the first half of the year. This trend reflects a growing institutional appetite for XRP, alongside other major altcoins such as Bitcoin (BTC), Ether (ETH), and Solana (SOL), which recorded net inflows of $2.2 billion, $429.1 million, and $5.3 million, respectively. James Butterfill, head of research at CoinShares, attributes this resilient investor demand to factors such as heightened geopolitical volatility and uncertainty surrounding monetary policy. Additionally, the supply held by entities with a balance of 1 million to 10 million tokens has increased, now accounting for 9.9% of the total XRP supply—a 65% rise since late November 2024. XRP's price has surged by approximately 350% during this period. Notably, whale holdings of XRP increased even during a 35% price pullback to $1.60 between January and April, suggesting that larger holders, often seen as patient or strategic investors, are accumulating positions in anticipation of further gains.$XRP
#BTCPrediction Ethereum(ETH) Surpasses 2,500 USDT with a 2.72% Increase in 24 Hours On Jun 30, 2025, 19:19 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,500 USDT benchmark and is now trading at 2,502.080078 USDT, with a narrowed 2.72% increase in 24 hours$ETH
Robinhood Makes Today’s Mysterious Announcement – Involves Two Altcoins – Others Faced Lawsuit Previously Robinhood, one of the most popular cryptocurrency exchanges in the US, has taken action for two new altcoin moves. Robinhood has made one of its most ambitious moves in the crypto space, announcing that it has officially launched Ethereum (ETH) and Solana (SOL) staking service for US users.
This step stands out as a notable development following the lawsuits filed by the US Securities and Exchange Commission (SEC) against exchanges such as Coinbase and Kraken due to their staking services.
Robinhood has also launched a comprehensive range of products for its European customers, including tokenized U.S. stocks and ETFs, leveraged crypto futures for eligible investors, and a new Layer 2 blockchain for real-world assets.
Robinhood’s new product launch coincided with the first-ever Ethereum Community Conference in Cannes. Following the announcement, the company’s stock hit a record high and is up over 100% since the beginning of the year.
Related News Co-founder and CEO of This Altcoin to Join US Government's Crypto Committee New products include:
Ethereum and Solana staking in the US: Users will be able to earn rewards by contributing to the network validation process. Tokenized stocks and ETFs in Europe: Launched on Arbitrum, these assets offer 24/5 access, dividend support, and zero commissions. New Layer 2 blockchain: Will be developed specifically to tokenize real-world assets and enable 24/7 transactions. Crypto futures: Available with 3x leverage via Bitstamp for eligible traders in Europe. Advanced trading tools: Features like smart order routing, tax lot management, and professional charting tools aim to make crypto more intuitive.
Co-founder and CEO of This Altcoin to Join US Government’s Crypto Committee The founder and CEO of one of the well-known altcoins of the cryptocurrency market will help regulate cryptocurrencies in the US. Aptos Labs CEO and co-founder Avery Ching has joined the U.S. Commodity Futures Trading Commission’s (CFTC) subcommittee focused on digital asset markets. In this role, Ching will serve on the Digital Asset Markets Subcommittee within the CFTC’s Global Markets Advisory Committee (GMAC).
Ching will be on the committee alongside other well-known crypto industry figures, including Polygon Labs Head of Policy Rebecca Rettig, CoinFund President Christopher Perkins, Nasdaq Vice President Tony Sio, and Franklin Templeton Senior Vice President Sandy Kaul.
Related News BREAKING: Coinbase Just Announced It's Listing the Altcoin That's Been Trending Lately for Futures Trading The CFTC's recent increase in its supervision of digital assets and the institution's senior executives' resignation or plans to leave are interpreted as this change could pave the way for more cryptocurrency-friendly names to come into the sector.
GMAC is an advisory body created to protect the global competitiveness of U.S. markets and consists of three subcommittees: global market structures, digital asset markets, and technical issues. According to the CFTC, the digital assets subcommittee aims to increase collaboration between the industry and regulators and improve digital asset regulation.
Aptos Labs said in a statement on the X platform, “Avery will contribute to the shaping of digital asset regulations together with leaders from the web3 and finance worlds.”
Long-Awaited Innovation in Ripple (XRP) Begins Today – Company CTO Makes Announcement Ripple, the company behind XRP, announced the launch of a major development for the altcoin’s network today. Ripple has announced that it has integrated the Ethereum Virtual Machine (EVM) compatible sidechain of the XRP Ledger into its mainnet.
This sidechain aims to increase the interoperability of the XRP ecosystem and enable developers to easily deploy their Ethereum-based decentralized applications (dapps) on XRPL.
The new EVM sidechain supports EVM-compatible smart contracts while maintaining a connection to the XRP Ledger. According to Ripple’s blog post, this architecture provides developers with access to the XRP ecosystem at a low cost and allows them to combine the benefits of XRPL’s payment infrastructure with Ethereum applications.
“XRPL EVM Sidechain provides a flexible environment for developers to deploy EVM-based applications while maintaining a connection to the efficiency of XRPL,” said David Schwartz, Ripple CTO and co-founder of XRPL. “This solution expands the capabilities of the ecosystem without compromising the reliability of XRPL.”
Related News BREAKING: Coinbase Just Announced It's Listing the Altcoin That's Been Trending Lately for Futures Trading This sidechain operates as an independent blockchain that runs parallel and in conjunction with the XRP Ledger. The connection is provided via the Axelar protocol. XRP will be used as the native gas token in transactions on the sidechain.
According to Ripple, this development creates an attractive development environment for developers by providing access to the XRPL network, which has over 6 million wallet owners. In the future, the sidechain is also planned to be integrated with another interoperability protocol, Wormhole.
BREAKING: Coinbase Just Announced It’s Listing the Altcoin That’s Been Trending Lately for Futures Trading Coinbase, the largest cryptocurrency exchange in the United States, announced in its official announcement that it will list Sahara (SAHARA).
Sahara, which emerged as a decentralized artificial intelligence platform and was recently listed on major centralized cryptocurrency exchanges including Binance and Upbit, has nevertheless disappointed in its price and suffered a major drop after its listing on Binance.
The token was recently distributed to users via airdrop.
Sahara began its journey with a Testnet launch in 2024 and quickly surpassed 3.2 million on-chain users and 1.4 million daily active users. Users worked on microtasks like data labeling and model testing, earning tokens in return, while also supporting the development of a large, permissionless dataset.
BREAKING: Significant Development – According to the CEO’s Claim, the Solana Spot ETF Will Begin Trading on Wednesday The REX-OSPREY Solana ETF will begin trading on Wednesday, according to the CEO.
“If we put the whole system together, it looks like we’re all set for launch,” Bloomberg ETF analyst Eric Balchunas said in a post on the X (formerly Twitter) platform on Friday.
ETF Store President Nate Geraci said in a statement the same day that the SEC appeared open to the relatively rare C-Corp (C-corporation) business model that REX Shares uses in its fund structure. This structure had previously been found problematic by the SEC because it conflicted with Rule 6C-11, which governs the governance of ETFs.
“It looks like they’re leaning toward moving forward with the creative 40 Act structure,” Geraci said, adding that the process is accelerating, “Here we go.” He also added that they believe all of the SEC’s comments have been resolved. “It looks like the comment issue has been resolved.”
Tensions Escalate Between Donald Trump and Fed Chair Jerome Powell – Trump Sends Handwritten Letter – Here Are the Details Donald Trump's insistence on FED Chairman Jerome Powell to 'lower interest rates' continues at full speed. US President Donald Trump continues to pressure Fed Chairman Jerome Powell to cut interest rates.
Trump slammed Powell in a handwritten note shared on the Truth Social platform on Monday, saying interest rates should be lowered “significantly.”
Trump tweeted, “Powell and the Fed Board should be ashamed. They have one of the easiest yet most prestigious jobs in America and they have failed, and continue to fail.”
The image added to the post included a message Trump wrote with a Sharpie pen on a table showing central bank interest rates in different countries:
“Jerome – As usual, you are too late. You have cost the United States a fortune – and continue to do so – you must seriously lower interest rates!” Trump wrote in his note, adding “Hundreds of billions of dollars being lost! No inflation” and signing off.
Note shared by Donald Trump on the social media platform Truth Social. Related News Germany's Largest Banking Group Takes Historic Step into Cryptocurrency Trump argued that the US interest rates should be at 1.75% or lower, and that the country should be among the countries with low interest rates.
Fed officials had planned to continue reducing interest rates once inflation slowed to its annual target of 2% in early 2025. However, those steps were postponed in the first half of the year due to the uncertainty created by Trump's tariff plans.
In a statement last week, Powell defended the Fed's decision to keep interest rates on hold again and said that “patience is needed.”
Trump, on the other hand, has been continuing his criticism of Powell for months. Trump, who has previously stated that he was considering firing Powell, whom he nicknamed “Mr. Too Late,” appointed Powell to the position in 2017. Powell's term will end in 2026.
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