Crypto & Blockchain Daily Brief Friday, July 11, 2025

Bitcoin's price recently hit a new all-time high of over $61,000 as large holders, often referred to as "whales," have been accumulating more Bitcoin. Despite a recent sell-off that caused the price to drop below $60,000, these whales have been buying significant amounts of Bitcoin and have helped offset the downward pressure on the price. Data from on-chain analytics firm Glassnode shows that the number of addresses holding at least 1,000 Bitcoin has been steadily increasing over the past few months. This indicates that wealthy individuals and institutions are continuing to accumulate Bitcoin, which has helped drive the price to new highs. The recent sell-off was likely triggered by retail investors taking profits after the price surged to new highs. However, the buying pressure from whales has helped stabilize the price and prevent it from dropping further. This suggests that large holders have confidence in Bitcoin's long-term potential and are willing to hold onto their positions despite short-term price fluctuations. Overall, the accumulation of Bitcoin by whales has had a positive impact on the price, as their buying activity has helped offset the selling pressure from retail investors. This dynamic suggests that there is strong demand for Bitcoin among wealthy individuals and institutions, which bodes well for the future price of the cryptocurrency.

The article discusses the recent performance of Dogecoin (DOGE) in July 2025, highlighting signs of recovery in the price of the popular cryptocurrency. It notes that DOGE has shown positive momentum, with its price gradually increasing after a period of consolidation. The article attributes this recovery to several factors, including increased interest from traders and investors, as well as positive sentiment surrounding the overall cryptocurrency market. Furthermore, the article provides insights into the trading patterns of DOGE, indicating that it has been able to break above key resistance levels, which is seen as a bullish signal for the cryptocurrency. It also mentions that DOGE has been trading within a defined range, with potential for further upside movement if it can sustain its current momentum. In terms of technical analysis, the article points out that the Moving Average Convergence Divergence (MACD) indicator for DOGE is showing signs of a bullish crossover, suggesting that the cryptocurrency may continue its upward trajectory in the near future. Additionally, the Relative Strength Index (RSI) indicates that DOGE is currently in a neutral position, leaving room for further price appreciation. Overall, the article concludes that DOGE is exhibiting signs of recovery and positive momentum, with the potential for continued upside movement in the coming days. It advises traders and investors to closely monitor the price action of DOGE and consider factors such as trading volume and market sentiment when making investment decisions related to the cryptocurrency.

The article discusses the recent price rally of the Polkastarter (POLS) token, which saw a 10% increase despite $10 million worth of Ethereum inflows. The price surge was attributed to the positive sentiment surrounding the project and the recent developments in the Polkastarter ecosystem. One of the key factors driving the price rally was the launch of the Polkastarter 2.0 platform, which introduced new features and improvements to the decentralized fundraising platform. Additionally, the Polkastarter team has been actively engaging with the community and implementing new strategies to enhance the platform's usability and functionality. This has contributed to a growing interest in the project and an increase in demand for the POLS token. However, despite the recent price rally, there are some concerns that the momentum may not be sustainable in the long term. The $10 million worth of Ethereum inflows into the project could potentially lead to a sell-off by early investors looking to capitalize on their profits. This could put downward pressure on the price of the POLS token and halt the rally. Furthermore, the overall cryptocurrency market conditions, such as Bitcoin's price movements and market sentiment, could also impact the price of the POLS token. If the broader market experiences a downturn or increased volatility, it could negatively affect the price of POLS. In conclusion, while the recent price rally of the POLS token was driven by positive developments within the Polkastarter ecosystem, there are concerns that the momentum may not be sustainable in the face of potential sell-offs and market fluctuations.

Ant Group, a fintech company backed by Alibaba's founder Jack Ma, has announced plans to integrate Circle's USDC stablecoin on its blockchain platform. This move is part of Ant Group's effort to expand its blockchain-based services and offer more diverse financial products to its users. By integrating USDC, a stablecoin pegged to the US dollar, Ant Group aims to enhance the efficiency and transparency of its blockchain transactions. Ant Group's blockchain platform, AntChain, is already used for various financial services such as supply chain finance, cross-border remittances, and lending. With the integration of USDC, users will be able to access a stable digital currency for their transactions, reducing the volatility often associated with cryptocurrencies. This partnership with Circle, the company behind USDC, is expected to bring more stability and credibility to Ant Group's blockchain ecosystem. The integration of USDC on AntChain will also enable users to leverage blockchain technology for faster and more secure transactions, making it easier to transfer funds across borders and access financial services. This move aligns with Ant Group's vision of using blockchain technology to drive financial inclusion and innovation in the digital economy. Overall, the collaboration between Ant Group and Circle to integrate USDC on AntChain represents a significant step towards expanding the use of stablecoins and blockchain technology in the financial industry. It showcases the growing interest of major players in the fintech sector to leverage digital assets for more efficient and transparent financial services.

The Securities and Exchange Commission (SEC) Commissioner, Hester Peirce, has expressed caution regarding the regulation of tokenized securities. Peirce highlighted that even though blockchain technology offers innovative ways to tokenize assets, these tokenized securities are still subject to traditional securities regulations. She emphasized that just because assets are tokenized does not mean they are exempt from regulatory oversight. Peirce's comments come as the SEC continues to monitor the digital asset space, particularly in the realm of security tokens. She pointed out that the SEC's primary concern is to ensure that investors are protected and that market integrity is maintained. Peirce noted that while tokenization can offer benefits such as increased liquidity and efficiency, it also presents new challenges in terms of regulatory compliance. Peirce also discussed the importance of providing regulatory clarity to market participants to foster innovation while still upholding investor protection. She stressed the need for a balanced approach that allows for technological advancements while also adhering to existing securities laws. In conclusion, Peirce's warning serves as a reminder to companies and individuals involved in tokenized securities that they must comply with existing regulatory frameworks. While blockchain technology has the potential to revolutionize the way assets are traded and managed, it does not exempt tokenized securities from full regulatory scrutiny. Peirce's remarks underscore the SEC's commitment to ensuring that the digital asset space operates within the boundaries of securities laws to safeguard investors and maintain market integrity.