JPMorgan Chase, Citigroup, Goldman Sachs, and Bank of America are looking at a collective $26.4 billion in revenue from equities and fixed income trading. That’s an 11% gain from last year, because who doesn’t love a good game of financial musical chairs? 🎶 The Sunday Times reports that this is all thanks to the tariff-induced portfolio shifts. Yeah, because that’s exactly what we need, more financial instability.
Picture this: Bitcoin has just flipped the switch and is now lounging comfortably at a delightful $121,000—a shiny new record as of yestermorn! “But hold your horses!” cries Markus Thielen, the head of research at 10x, “This here rally ain’t just some fanciful frolic of the market; no, it’s driven by something a tad more pressing,” he penned in a nugget of wisdom shared with CryptoMoon. 🏦
According to Bailey, stablecoins pose systemic risks to financial stability and threaten the very nature of money if not properly regulated. He warned that stablecoins lack the protections and guarantees offered by traditional bank deposits and could remove money from the regulated banking system, undermining credit creation and monetary control.
But wait! The skies turned gray when President Trump, that cheeky fellow, announced hefty 30% tariffs upon the unsuspecting European Union and Mexico. The crypto markets, however, seemed about as rattled as a cat in a room full of laser pointers—hardly a peep was heard!
Picture the scene: a band of NFT enthusiasts, armed with nothing but their fervor and a lawsuit filed back in May 2024 (updated, of course, with the kind of enthusiasm typically reserved for a spectacular summer sale), claimed that these two firms were essentially the same entity, yet had managed to flounder on the delivery of their “DGFamily” NFT project, all the while clinging tightly to a mere $25 million? Quite the pickle, indeed! 🥒
After Bitcoin hit $120,000 on Sunday, Nakamoto’s stash of 1.096 million Bitcoin (BTC) is now worth over $131 billion, according to blockchain analytics company Arkham. 🚀
And so, dear investors, our attentions hastily converge upon three scintillating tokens from the LetsBONK.fun universe, beckoning scrutiny as the July sun wanes.
On the 1-hour chart from Open Interest, WIF displayed a notable rally from the $0.83–$0.85 accumulation range to a session high above $1.08. This upward momentum, which began on July 9, was driven by aggressive buying interest, visible in the large bullish candles and elevated trading volume. However, resistance emerged at the $1.05–$1.08 level, leading to a retracement back toward $0.96.
Crypto personality Alex Cobb, with a flourish of dramatic flair, has stirred the pot by suggesting that XRP could hit $22.54 by the end of 2025. This would be a nearly eightfold increase from its current price, catapulting XRP’s valuation to around $1.3 trillion. Such a feat would place it in a heated race with Ethereum for the coveted second spot. 🏎️
Bitcoin is once again in the spotlight as it hovers around $117,900, up nearly 8% this week. The rally has been fueled by a mix of bullish chart patterns, favorable macroeconomic conditions, and surging institutional interest. With RSI readings above 75 and continued inflows into spot Bitcoin ETFs, the momentum could push Bitcoin beyond $120K, with $127.6K now emerging as a realistic near-term target.
