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This stock rockets 260% after $900 million mega crypto deal

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Shares of Sonnet BioTherapeutics (NASDAQ: SONN) soared in pre-market trading on Monday after the company announced a $888 million business combination to pivot into the cryptocurrency sector. Sonnet’s stock, which closed at $5.17 on Friday, traded as high as $18.68 in pre-market hours, marking a 265% jump. Year-to-date, SONN shares have already gained more than 220%. By press time, the stock was down slightly, trading about 2% lower on the day. SONN one-day stock price chart. Source: Google Finance The momentum follows the biopharmaceutical firm’s agreement with Rorschach I LLC, an entity backed by Atlas Merchant Capital and Paradigm Operations, to form a new company named Hyperliquid Strategies Inc. (HSI).  The deal will effectively transform Sonnet into a publicly traded cryptocurrency treasury company, focusing on holding and growing reserves of HYPE tokens. Details of the transaction  Under the terms of the agreement, HSI will hold appro...

Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm

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99Bitcoins Q2 Report Unveils What’s Powering the 2025 Crypto Boom

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Losses in Shiba Inu If You Invested $2,000 One Year Ago

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A year ago at this time in July, Shiba Inu was trading at the $0.00001640 price level. It shot up to a high of $0.00003284 in December displaying heavy bullish sentiments. So this means that you could be in profit by investing in SHIB, right? Well, the answer is wrong. Despite the dog-themed token going from $0.00001640 to $0.00003284 in 2024, it went in reverse gear in 2025. Also Read: A Lesson For Shiba Inu Holders in a Downturn: Not Every Day is Sunday Source: Coingecko The development is testing the patience of investors as there’s little to no price action. This comes despite Bitcoin and Ethereum printing new highs in 2025 and remaining relatively stable in the charts. However, that is not the case for Shiba Inu as the token has failed to move in tandem with BTC and ETH. This is adding more pressure on SHIB as traders are disappointed with its performance. Invested in Shiba Inu 1 Year Ago? Here’s Your Losses Source: StormGain Shiba Inu is currently trading at $0.0000124...

New Indicator Suggests a Recession Is Likely To Come in 2 Months

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A main economic indicator is flashing signs of a recession and has historically been accurate for the last five decades. The indicator called the Heavy Truck Index which tracks the performance of the 10-month moving average of heavy truck sales is showing signs of a downturn after its recent peak. Guilherme Tavares, the CEO of i3 Invest wrote that every time this occurred, the economy has slipped into a recession. He shared a chart on X indicating that the US might be less than three months away from a downturn. His prediction comes at a time when Dow Jones, Nasdaq, and the S&P 500 index hit new highs this year but are facing a bloodbath after Trump’s renewal of tariffs. Source: X / Guilherme Tavares Also Read: Buy Cardano Now: Potential 550% Upswing Predicted, New Target $3.85 Recession Likely To Arrive Before October 2025 Source: Dado Ruvic / Reuters / CNBC Tavares wrote that heavy truck sales are a reliable indicator that highlights the chances of a recession. The downturn...

BlackRock just bought $217 million of these two cryptocurrencies

BlackRock, the world’s largest asset manager, continues to deepen its exposure to crypto assets, purchasing over $217 million in Bitcoin (BTC) and Ethereum (ETH) in a single day through its spot ETFs. According to market data, BlackRock’s iShares Ethereum Trust (ETHA) acquired 20,955 ETH, valued at $53.2 million on July 7.  The move brings the fund’s total Ethereum holdings to approximately 1.5% of the entire ETH supply, achieved in less than 12 months since the fund’s launch.  BlackRock now holds more than 700,000 BTC Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) purchased 1,388 BTC worth $164.3 million on the same day. This brought the total number of Bitcoin held under IBIT to 700,307 BTC, solidifying the fund’s position as the largest Bitcoin ETF by assets under management. Notably, IBIT’s trading volume also spiked on July 7, reaching $2.3 billion, indicating heightened investor participation as Bitcoin’s price continues to trade above $108,000. ...

XRP in Q3: Ripple Price Prediction Through September 2025

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Ripple (XRP) has been one of the most highly respected and valuable cryptocurrency tokens to exist in the space today. The token is currently sitting at $2.19, already busy eyeing its next possible high in the near future. While new developments continue to resurface in the SEC vs. XRP case, despite the multiple oddities, XRP has fared well in the past, all while defeating the odds to claim a new high in the process. Will XRP continue to rally in Q3 as well? If yes, then how high can Ripple truly surge in this next quarter? Let’s find out. Also Read: XRP’s W-Pattern Targets $40 as XRPL EVM Sidechain Goes Live Ripple’s Price Path: A Quick Q3 Analysis Source: Watcher.Guru Per CoinCodex, XRP may note a minor price decline of 0.70% by August 1, 2025. The platform predicts XRP to trade at $2.17 by the aforementioned date. Source: CoinCodex “According to our current XRP price prediction, the price of XRP is predicted to drop by -0.70% and reach $ 2.17 by August 1, 2025. Per our te...

How BSC Fits Into Binance’s Overall Strategy

Here’s a 200-word article on How BSC fits into Binance’s overall strategy : How BSC Fits into Binance’s Overall Strategy The BNB Smart Chain (BSC) is a pivotal component of Binance’s long-term vision to build a comprehensive digital asset ecosystem beyond just exchange services. Launched in 2020, BSC provides a high-performance, low-cost blockchain infrastructure tailored for decentralized applications (dApps), DeFi, NFTs, and emerging sectors like DePIN. BSC allows Binance to expand its influence from being the world’s leading centralized exchange into a full-fledged blockchain ecosystem. By offering developers an EVM-compatible platform with faster block times and lower fees than Ethereum, Binance attracts a thriving community of builders and users. This helps drive demand for BNB, which plays multiple roles across the ecosystem: paying gas fees, participating in governance, and securing the network through delegated staking. Strategically, BSC also reduces Binance’s dependence on th...

India Made a Smart Move by Rejecting BRICS Currency: Analyst

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“We don’t support any BRICS currency,” said India’s Union Commerce Minister Piyush Goyal in February. “I don’t think there’s any policy on our part to replace the US dollar,” said India’s External Affairs Minister S. Jaishankar in March. The move was intended to make the message reach China and Russia before the 17th summit in Rio de Janeiro on July 6 and 7. Several leaders in India have openly embraced the US dollar by distancing themselves from the formation of the BRICS currency. The development highlights the power struggles of the alliance where each member has different ideologies. There is no ‘one size fits all’ policy in the bloc as member nations look to undercut each other’s principles. Also Read: China Increases Quota for Foreign Investments Ahead of BRICS Summit Appreciate India Rejecting BRICS Currency, Says Start-up Founder & Financial Analyst Source: The Canadian Press / AP, Matias Delacroix Popular financial analyst...