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The Initial Website & Whitepaper got Designed
Funex Coin Development began on Quark Algorithm
Bitcointalk Forum got Released & Quark-Based Coin Ready for Beta Testing
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Funex Coin Deployed on Binance Smart Chain (BEP20)
Funex Coin Deployed on Ethereum (ERC20) & Tron Blockchain (TRC20)
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Funex Coin Staking Program Introduced & Mobile Wallet Upgraded
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Funex Airdrop 10th - 15th
Funex Coin ICO
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BNB & Polygon Chain Integrated
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Solana has returned to the spotlight as speculation around a potential Solana ETF approval gains momentum. While still unconfirmed, growing signals from market insiders suggest that regulatory green lights may not be far off. If approved, a Solana ETF would mark a major milestone for the ecosystem, opening the door to traditional capital flows and broader institutional exposure, similar to what Bitcoin and Ethereum experienced following their own ETF breakthroughs. For long-term investors, this development could set the foundation for a new phase of sustainable growth. Supporting this bullish outlook is fresh data from Glassnode, which shows that the number of wallets holding over 0.1 SOL has reached a new all-time high. This milestone marks an increase in retail participation and growing confidence in Solana’s long-term potential. As the network continues to mature, the rise in small holders also signals expanding grassroots adoption—an encouraging sign during a period of market uncertainty. While short-term price action may still be driven by broader macro trends, sentiment around Solana is clearly improving. If ETF approval becomes a reality, the combination of increased accessibility and rising on-chain adoption could significantly boost Solana’s market position in the coming months. Solana Growing On-Chain Adoption Solana is currently trading below the $150 mark after experiencing a sharp retracement from its May high. The asset has lost more than 20% in value since peaking earlier this cycle, driven largely by broader market consolidation and declining risk appetite across altcoins. Despite the recent pullback, SOL continues to hold a strong support zone near the $135–$140 range, which has proven resilient during previous sell-offs. Analysts remain cautiously optimistic, noting that a sustained push above key supply zones—particularly the $155–$165 range—could reignite bullish momentum. However, the market remains in a phase of indecision. Price action across major assets, including Solana, reflects uncertainty as traders wait for a clear breakout or breakdown to confirm the next move. Without a strong catalyst, SOL may continue to consolidate alongside the broader altcoin market. Amid the sideways price action, one encouraging signal is the growing on-chain adoption. Top analyst Ali Martinez shared data from Glassnode showing that the number of wallets holding over 0.1 SOL has reached a new all-time high, now exceeding 11.44 million. This steady rise in non-zero wallets points to expanding retail participation and long-term holder confidence, even as short-term volatility persists. = 0.1 | Source: Ali Martinez on X" width="860" height="484" srcset="https://www.newsbtc.com/wp-content/uploads/2025/07/btc.jpeg?w=1200 1200w, https://www.newsbtc.com/wp-content/uploads/2025/07/btc.jpeg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2025/07/btc.jpeg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2025/07/btc.jpeg?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2025/07/btc.jpeg?w=1140 1140w" sizes="(max-width: 860px) 100vw, 860px" loading="lazy"/> The divergence between price action and user adoption suggests that Solana’s fundamental growth remains intact. If momentum returns and macro conditions improve, Solana may be well-positioned for a breakout, especially with ETF rumors fueling speculative interest. For now, the $150 level remains a psychological pivot as the market watches for signs of direction. SOL Price Action Details: Key Levels To Watch Solana (SOL) is currently trading at $149.30, just below the key resistance confluence of the 50-day, 100-day, and 200-day moving averages, all clustered between $150 and $151. This area has acted as a strong technical barrier, and SOL’s repeated failure to reclaim it reflects the market’s hesitancy amid broader uncertainty. After rallying to $159.99 earlier in the session, bears stepped in and pushed the price back down, closing the candle with a bearish wick, signaling ongoing selling pressure. The chart reveals a prolonged consolidation pattern that has developed since the mid-May rejection near $180. Despite several bounce attempts, SOL has not been able to regain bullish momentum. The volume profile also suggests fading interest during upswings, a common trait during accumulation or exhaustion phases. Notably, price remains above the March low, preserving a key higher low structure, which is crucial for the broader bullish outlook. If SOL breaks above the $151–$155 range with sustained volume, it could trigger a move toward $180. However, failure to clear this resistance might lead to another test of support around $135. Traders should watch for a decisive close above the moving average cluster to confirm trend continuation, especially with ETF speculation fueling long-term optimism. Featured image from Dall-E, chart from TradingView
The Katana mainnet has officially launched, introducing a new decentralized finance (DeFi) platform designed to enhance liquidity and yield opportunities in the sector. With over $240 million in pre-deposits within weeks of its announcement, Katana is now live, offering users the chance to earn from day one through a liquidity mining incentive of 1 billion
Solana (SOL) SOL declined 7.84% over the past 24 hours, trading at $145.08 as of 20:03 UTC on July 1, 2025, according to CoinDesk Research's technical analysis model; during the same period, the broader crypto market, as indexed by the CoinDesk 20 CD20, went down only 0.24%. SOL's sharp drop comes just one day before a major milestone for the ecosystem: the launch of the REX-Osprey SOL + Staking ETF. Set to debut on July 2, 2025, the REX-Osprey SOL + Staking ETF (ticker: SSK) is the first U.S.-listed exchange-traded fund to provide direct exposure to Solana’s native token while also offering access to staking rewards. Unlike traditional crypto ETFs that only track price, this fund enables holders to passively benefit from Solana’s proof-of-stake reward system. Approximately 80% of the ETF’s assets will be allocated to SOL, with roughly 50% of those tokens actively staked. The fund is structured under the Investment Company Act of 1940, a framework generally viewed as more favorable from a regulatory standpoint than the 1933 Act. The 1940 Act structure may improve investor protections and expedite approvals, which could influence broader institutional participation. Analysts say this launch represents a major step for Solana’s credibility among U.S. financial institutions. By integrating yield generation directly into the ETF, it offers a more comprehensive exposure to the asset than spot-tracking funds. Some market participants believe it could serve as a catalyst for long-term adoption, particularly as other firms including Grayscale, VanEck, and Bitwise pursue similar SOL ETF applications. However, despite the ETF’s pending launch, SOL saw broad-based selling pressure on Monday, underscoring the market’s cautious stance ahead of the event. Technical Analysis Highlights SOL declined $12.34 over the past 24 hours, dropping from $157.42 to $145.08 — a 7.84% loss with a price range of $12.34. Strong resistance was encountered at $157.42 during the first hour of the analysis window, followed by consistent selling pressure throughout the session. The largest volume spike occurred during the 06:00 UTC hour, exceeding 1.57 million units, with price rejection near $151.50. upport emerged at $146.55 during the 14:00 UTC hour, also coinciding with elevated volume, indicating accumulation interest around that level. In the final hour of the analysis window from 19:01 to 20:00 UTC, SOL declined further from $146.31 to $145.08, hitting its lowest price of the day. Price action formed a well-defined descending channel, characterized by lower highs and lower lows across the entire trading period. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .
Bitcoin selling intensified this week, but data shows an assortment of buyers absorbing the flow.
Many provisions of the legislation, which received overwhelming support in the state House and Senate, take effect on Oct. 1.
Tron (TRX) is once again in the spotlight as it tests the upper and lower boundaries of a key consolidation range that has held for months. The price has been oscillating between $0.211 and $0.295—a range that has acted as both support and resistance since the start of the year. With volatility gradually returning to the crypto market, a breakout from this zone could set the stage for a major directional move. A confirmed push above $0.295 could open the door for a rally toward uncharted territory, while a break below $0.211 might signal a deeper correction. Related Reading: Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation According to new data from CryptoQuant, large transactions are currently driving volume dominance on the Tron network. While the majority of transactions on TRON are under $1,000 in size—showing that retail users are actively engaged—it is the high-value transfers that account for most of the total volume, highlighting growing institutional or whale interest in the network. As broader market conditions remain uncertain and altcoins begin to show signs of life, the coming weeks will be critical for TRX. Whether bulls or bears take control will likely depend on how the price reacts to this well-defined consolidation range. Tron Eyes Expansion Amid Growing Network Activity Tron has captured significant attention in recent weeks, driven by a combination of major announcements and strong on-chain activity. A report two weeks ago revealed that Tron is preparing to go public via a reverse merger with Nasdaq-listed SRM Entertainment. While full details have yet to be confirmed by official channels, sources familiar with the matter suggest the process is underway. If completed, this move could mark a historic moment for the blockchain space, giving Tron greater exposure to traditional investors and boosting institutional legitimacy. Despite these developments, price action remains locked in a consolidation phase. The broader market’s volatility and macro uncertainty continue to suppress directional momentum for TRX. However, network fundamentals tell a different story—Tron’s on-chain activity is booming. Top analyst Darkfost highlighted a key insight: large transactions currently drive volume dominance on the TRON network. Although more than 1 million USDT transactions on TRON are below $1,000, just 16,000 transfers above $100,000 dominate in terms of volume. This divergence shows that while retail usage is high, major players are still actively moving large amounts of capital on the network. The consistent dominance of small transfers reflects Tron’s accessibility and everyday utility among users, while the growing transaction count signals expanding adoption. Together, these factors suggest that Tron is building strong foundations, regardless of short-term price direction. The coming weeks could be pivotal, especially if the public listing advances and TRX breaks its multi-month price range. Related Reading: Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near TRX Consolidates Near Resistance Amid Growing Momentum Tron is currently trading at $0.2787 after several weeks of sideways movement, as shown in the chart. The asset remains in a well-defined consolidation range between the $0.211 support zone and the $0.295 resistance. Despite several attempts, TRX has been unable to decisively break through the upper boundary, signaling market hesitation. However, the overall price structure remains constructive. The 50-day, 100-day, and 200-day simple moving averages (SMA) are all trending upward, with price currently testing the 50-day SMA as dynamic resistance. This alignment supports the argument for a longer-term bullish structure, even as short-term consolidation continues. Volume has slightly picked up in recent days, suggesting a growing interest among traders. A clear breakout above $0.295 would likely trigger a new upward phase and bring fresh highs into play. Until then, traders are watching for confirmation, as the market tests the upper boundary of the range. Related Reading: Ethereum Sees $269M In Net Inflows In 24H – Bullish Momentum Accelerates With strong fundamentals, increasing on-chain activity, and speculation about Tron’s public listing via reverse merger, momentum could accelerate soon. If bulls can maintain the $0.27–$0.28 level and push above $0.295, TRX could enter price discovery for the first time in months, opening the door to higher valuations. Featured image from Dall-E, chart from TradingView
Bitget Wallet partnered with Mastercard and infrastructure provider Immersve to launch a zero-fee crypto-linked payment card. Mastercard Digital First Enables Instant Bitget Wallet Crypto Card Access The card allows users to spend directly from their digital wallets at over 150 million Mastercard-accepting merchants globally. It will be accessible via the Bitget Wallet app, supporting real-time
Crypto analyst Rekt Capital has warned about a potential crash for the Bitcoin price, after the flagship crypto closed below a critical resistance level. The analyst also highlighted the level that BTC needs to reclaim to invalidate this bearish setup. Bitcoin Price Risks Crash With Weekly Close Below Resistance In an X post, Rekt Capital revealed that the Bitcoin price has closed below the final major weekly resistance at around $108,890. Based on this, he remarked that a possible early-stage Lower High resistance may be developing at around $107,720, with BTC at risk of crashing. The analyst added that Bitcoin will need to reclaim $108,890 as support on the daily to invalidate this Lower High. Related Reading: Pundit Warns Bitcoin Is Setting Up Liquidity Traps As It Campaigns For New ATHs In an earlier X post, Rekt Capital highlighted how significant it would have been if the Bitcoin price had closed above this final major weekly resistance. He noted that BTC had never performed such a weekly close. As such, if that had happened last week, he claimed it would not only be “historic” but would enable BTC to enjoy a new uptrend into new all-time highs (ATHs). However, the Bitcoin price now appears to be on a downtrend, having failed to hold above the $107,720 level successfully. BTC had reached an intraday high of $107,970 but has since then been on a decline and is now at risk of losing the $106,800 macro level. Crypto analyst Kevin Capital has warned that BTC being below this level puts it in the danger zone. Meanwhile, based on historical bull market cycles, Rekt Capital has suggested that the Bitcoin price still has some more upside left. In an X post, he stated that history suggests that Bitcoin may end its bull market in two to three months. BTC Still Fuel In The Tank Despite the recent Bitcoin price drop, crypto analyst Titan of Crypto declared that the flagship crypto still has fuel in the tank. He claimed that the weekly market structure remains strong with a series of higher highs and higher lows. The analyst added that the Relative Strength Index (RSI) is pushing towards its trendline. Related Reading: Bitcoin Price At $110,000: Why BTC Must Break Out Of This Wedge His accompanying chart showed that the Bitcoin price could still rally to as high as $140,000 between September and November later this year based on these higher highs and lows. Crypto analyst Stockmoney Lizards also recently predicted that BTC could reach as high as $145,000 by September. He alluded to dojis that had formed for the flagship crypto in its current corrective channel and declared they were bullish for Bitcoin. At the time of writing, the Bitcoin price is trading at around $106,800, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The company offers crypto trading on the platforms that it manages, including the mixed-asset trading platforms Swissquote and Yuh.
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