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Check out Gate and join me in the hottest event! https://www.gate.com/campaigns/1907?ref=VGVHBAXXBA&ref_type=132&utm_cmp=txERakWz
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ProCap Anthony Pompliano recently shared an update on its progress and valuation metrics. ProCap has signed a $1 billion business combination agreement with Columbus Circle Capital Corp 1 (CCCM). As part of the deal, ProCap has raised over $750 million and has used more than $500 million to buy out bitcoin worth $108,564.58, resulting in a treasury of 4,950 BTC. This makes ProCap the 13th largest public holder of bitcoin in the world.
The data and analysis presented by Pompliano comes directly from ProCap and refers to the implied mNAV premium (implied multiple Net Asset Value). According to P
The data and analysis presented by Pompliano comes directly from ProCap and refers to the implied mNAV premium (implied multiple Net Asset Value). According to P
BTC0,82%
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Matrixport: Ethereum Price Remains Strong Despite Fundamentals Not Recovering
It is emphasized that ETH prices have been steadily increasing rather than decreasing, although on-chain gas fee activity is still at a low level and overall network interest has not fully recovered.
Matrixport noted that there are several structural factors behind this price resilience:
- Increased Demand from Companies
It is noted that many institutional investors have started adding Ethereum to their portfolios, positioning it as "digital gold". This trend is believed to be an indication of the increasing acceptan
It is emphasized that ETH prices have been steadily increasing rather than decreasing, although on-chain gas fee activity is still at a low level and overall network interest has not fully recovered.
Matrixport noted that there are several structural factors behind this price resilience:
- Increased Demand from Companies
It is noted that many institutional investors have started adding Ethereum to their portfolios, positioning it as "digital gold". This trend is believed to be an indication of the increasing acceptan
ETH1,56%
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Share content from Moments to earn commissions easily!https://www.gate.com/profile/zynxa?ref=VGVHBAXXBA&ref_type=105
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XRP
With the U.S. Securities and Exchange Commission (SEC) currently focusing more on institutional reforms rather than the approval of the XRP spot ETF, XRP investors' hopes are starting to fade.
According to the prediction platform Polymarket, by the end of July the likelihood of approval for the XRP spot ETF has drastically dropped to only 7%, down from 50% in April and 32% at the beginning of July.
The SEC is currently drafting guidelines that will simplify the approval process for crypto spot ETFs, according to a report from Reuters. However, the ongoing regulatory path indicates that any
With the U.S. Securities and Exchange Commission (SEC) currently focusing more on institutional reforms rather than the approval of the XRP spot ETF, XRP investors' hopes are starting to fade.
According to the prediction platform Polymarket, by the end of July the likelihood of approval for the XRP spot ETF has drastically dropped to only 7%, down from 50% in April and 32% at the beginning of July.
The SEC is currently drafting guidelines that will simplify the approval process for crypto spot ETFs, according to a report from Reuters. However, the ongoing regulatory path indicates that any
XRP2,93%
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**BTC \$108,091.03**
recording an all-time weekly closing high nearing \$110,000 on Sunday, defying various challenges throughout the week, including a long-dormant whale wallet movement of \$8 billion in BTC, the resurgence of tariff drama, and thin liquidity due to the long holiday.
On Tuesday, the asset stabilized slightly below \$108,000 after experiencing a decline on Monday night. Other major cryptocurrencies experienced profit-taking. Solana (SOL) fell 2.3% to \$149, while dogecoin (DOGE) led the decline with a loss of 4.1%. Ether (ETH) held around \$2,530, and XRP stabilized around \$2
View Originalrecording an all-time weekly closing high nearing \$110,000 on Sunday, defying various challenges throughout the week, including a long-dormant whale wallet movement of \$8 billion in BTC, the resurgence of tariff drama, and thin liquidity due to the long holiday.
On Tuesday, the asset stabilized slightly below \$108,000 after experiencing a decline on Monday night. Other major cryptocurrencies experienced profit-taking. Solana (SOL) fell 2.3% to \$149, while dogecoin (DOGE) led the decline with a loss of 4.1%. Ether (ETH) held around \$2,530, and XRP stabilized around \$2
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Elon Musk confirmed on Sunday that the 'America Party' he proposed, an alternative to the Democratic-Republican duopoly, will adopt Bitcoin.#BTC #Elon musk
Musk made the statement in response to a user question on X about whether the 'America Party' would accept Bitcoin. He expressed approval and stated skepticism towards the fiat currency.
Elon Musk announced the formation of the 'America Party' on Saturday in response to the recent enforcement of a $3.3 trillion spending law by Donald Trump, which Musk opposed. The announcement follows a public poll on X, which showed significant support
View OriginalMusk made the statement in response to a user question on X about whether the 'America Party' would accept Bitcoin. He expressed approval and stated skepticism towards the fiat currency.
Elon Musk announced the formation of the 'America Party' on Saturday in response to the recent enforcement of a $3.3 trillion spending law by Donald Trump, which Musk opposed. The announcement follows a public poll on X, which showed significant support
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Bitcoin strengthened on Monday, buoyed by optimism surrounding the upcoming "crypto week" in Washington, while broader market sentiment remained cautious due to uncertainty over President Donald Trump's schedule shift on tariffs.
This token is also supported by comments from Elon Musk, indicating support for his newly launched political party for crypto.
The largest cryptocurrency in the world is trading at around $108 thousand at 5:10 PM WIB.
This token has remained within a limited range over the past few sessions, with traders avoiding large positions amid uncertainty over US trade tariffs.
View OriginalThis token is also supported by comments from Elon Musk, indicating support for his newly launched political party for crypto.
The largest cryptocurrency in the world is trading at around $108 thousand at 5:10 PM WIB.
This token has remained within a limited range over the past few sessions, with traders avoiding large positions amid uncertainty over US trade tariffs.
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