Bitcoin (BTC) reclaimed $60,000 on Wednesday after Federal Reserve Chair Kevin Warsh said inflation risks had eased and struck an open-minded tone on artificial intelligence (AI), reviving appetite for risk assets and precious metals.

The Fed chief declined to call the AI spending boom inflationary and flagged easing price risks, a tone traders judged less hawkish than his June debut. Gold also climbed alongside Bitcoin.

Kevin Warsh Cools Fears of Higher Rates

Warsh spoke at the ECB Forum on Central Banking in Sintra, Portugal, his first international appearance as Fed chair. A longtime inflation hawk, he served on the Fed board through the 2008 crisis. He resigned in 2011 over a $600 billion bond-buying plan.

His words carried weight because US inflation has run hot. Consumer prices rose 4.2% in the year to May, the fastest since 2023, as the war with Iran lifted oil.

That drove the Fed to hold rates at 3.5% to 3.75% in June and signal a possible hike. Those fears eased after oil prices retreated in late June.

Speaking on a panel in Sintra, Warsh pointed to easing price pressures since he took over.

“Inflation risks have come down.”

Yet he insisted the work was not done, recommitting to price stability.

“We’re all in the price stability business … we’ve all looked around and we’ve seen that prices are too high.”

On AI, Warsh was upbeat, calling it a driver of productivity while leaving its inflation impact open.

Notably, some Fed officials have tied AI-driven inflation concerns to the case for hikes.

“What they say is that the demand is insatiable, that these companies, these hyperscalers, will pay almost any price for those inputs, and they need things built yesterday,” Cleveland Federal Reserve President Beth Hammack said recently.  

Bitcoin Reclaims $60,000 as Gold Rebounds

Bitcoin traded near $60,088, up about 2.8% in 24 hours, while Ethereum rose about 3.3% to near $1,619. The gains lifted Bitcoin back above $60,000 and its market value over $1.2 trillion.

The bounce followed a steep month. Bitcoin had slid to its 2026 low near $58,000 last week, after hot May inflation triggered $1.26 billion in liquidations. It remains down about 16% from a month ago.

Meanwhile, gold rebounded to an intra-day high of $4,115 after sliding to multi-month lows this week. Silver and other precious metals gained as bets on aggressive tightening eased.

The bond market was less convinced. Treasury yields rose, with the 10-year note near 4.46%. Rising Treasury yields mean bond investors were pricing in higher-for-longer interest rates.

It follows Warsh stressing that prices are “too high” and signaling no rate cut, a hawkish read that ran opposite to the risk-on rally in Bitcoin and gold.

Warsh held a firm line on prices and gave no hint of a July cut. This week’s US jobs report and the Fed’s next meeting, about four weeks away, will test the rally.

The post Kevin Warsh Reignites Risk Appetite: Gold Surges While Bitcoin Reclaims $60,000 appeared first on BeInCrypto.

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World, a prediction market built on Solana, went live inside the Phantom wallet and at world.xyz on July 1, using Chainlink as its primary oracle infrastructure, according to the project's own X post. The platform lets users trade event contracts on crypto prices and the 2026 FIFA World Cup, with… Read the full story at The Defiant

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Donald Trump’s annual financial disclosure, filed with the U.S. Office of Government Ethics, shows at least $1.4 billion in crypto-related earnings for 2025, drawn from three distinct revenue lines: governance token sales through World Liberty Financial (~$800M), royalties from the TRUMP meme coin (~$635M), and an equity sale tied to Stablecoin Holdco (~$197M).

Reuters estimated the Trump family’s total crypto income since the president returned to the White House at $2.3 billion, placing the OGE filing’s $1.4 billion figure as 2025 income alone, not the cumulative haul.

The distinction matters: the disclosure covers the president personally; the Reuters total sweeps in family-linked entities across the broader ecosystem.

Crypto is now formally, under government reporting requirements, the dominant driver of Trump’s personal income, not real estate, not licensing, not Mar-a-Lago, which itself generated more than $77 million last year.

Discover: The Best Token Presales

What the OGE Filing Actually Shows: Three Revenue Streams, One Dominant Theme

The largest component is World Liberty Financial, the DeFi platform the Trump family launched in mid-2024. Trump-linked companies received almost $800 million from WLF, broken down as more than $520 million from governance token sales and more than $250 million from the sale of business interests.

A separate $538 million tranche came from a deal in which WLF sold tokens to ALT5 Sigma, a Trump-affiliated publicly traded crypto treasury firm, an arrangement that illustrates how interconnected the Trump crypto ecosystem has become across entities.

The structural setup that makes those numbers possible: a Trump family-owned entity, DT Marks DEFI LLC, holds entitlement to 75% of token-sale proceeds after expenses, per Reuters. WLF raised $1.4 billion through the sale of 30 billion governance tokens in total.

That revenue-share arrangement is not incidental, it is the engine behind the bulk of the Trump crypto earnings disclosed in the filing. For context on how institutional tokenization infrastructure of this scale is being built across the broader market, the Securitize NYSE listing offers a parallel structural reference point.

The TRUMP meme coin generated $635 million in disclosed income, flowing through CIC Digital LLC almost entirely as royalties tied to a license agreement with Celebration Coins.

Reuters’ parallel investigation put the family’s take from the $TRUMP venture at approximately $616 million in the first half of 2025, a figure close enough to the OGE number to confirm the royalty structure is the primary mechanism. The meme coin’s revenue model depends on trading volume and the royalty rate extracted from that activity, not on price appreciation per se, which means the income stream is partially insulated from token price volatility.

The third line, Stablecoin Holdco, generated nearly $197 million from an equity sale. Bloomberg’s coverage values the underlying USD1 stablecoin business at more than $300 million.

The USD1 stablecoin, issued by World Liberty Financial, has been the subject of intense legislative scrutiny given that the president signed the GENIUS Act stablecoin legislation while holding a direct financial stake in a competing stablecoin issuer. That overlap is not hypothetical, it is now documented in a government ethics filing.

One figure the disclosure excludes: the Trump family still holds World Liberty founder tokens worth approximately $3.8 billion at current market rates, but those remain locked and illiquid and were therefore excluded from income tallies. The realized figures in the filing are large enough on their own.

Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit

The post Trump’s Government Filing Just Revealed $1.4 Billion in Crypto Earnings Last Year, And His Stablecoin Is Already Under Scrutiny appeared first on Cryptonews.

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Cardano price is trading near $0.1448, down roughly 0.94% in 24 hours, the coin stuck in a tight consolidation band rather than anything directional.

The ghost chain label keeps surfacing in bear-cycle discourse, and with ADA rangebound for weeks, it’s worth examining whether the criticism holds or whether the chart is simply pausing before the next move. There’s a key resistance level that determines everything from here.

The “ghost chain” critique targets blockchains that are technically live but generate negligible real-world activity. Cardano has faced this charge repeatedly, given its deliberate, peer-reviewed development cadence, which critics read as stagnation.

The counterargument is in the on-chain data: the network continues to process transactions, its developer community remains active, and ecosystem upgrades have continued shipping.

Layer 1s don’t survive a decade on name recognition alone. Cardano has. The question is whether that’s enough to drive price.

Broader crypto sentiment is calm right now, which cuts both ways for ADA, no macro tailwind, but also no macro headwind shaking weak hands loose. The price action is a technical story, not a fundamental one, and the technicals are at a decision point.

Can Cardano Price Break $0.1489 Resistance This Week?

ADA is consolidating between $0.1366 and $0.1550 with the most actionable cluster sitting between $0.1489 and $0.1518 on the upside. CoinLore’s near-term ceiling sits at $0.1521 with a floor at $0.1344, a range tight enough that a single exchange-level catalyst resolves the trade in either direction.

Three support tiers sit below current price at $0.1428, $0.1395, and $0.1366. Price is holding above the first level, which is constructive but barely. Volume has been tepid with no confirmation of accumulation or distribution in either direction.

ADA clearing $0.1489 on volume compresses toward $0.1518 to $0.1550 and shelves the ghost chain narrative for another cycle.

Consolidation continuing in the $0.1395 to $0.1489 band through the near term makes CoinCheckup’s $0.1455 target for July 30 the soft ceiling for cautious models.

A break below $0.1366 brings the $0.1344 floor into play and makes Binance’s longer-range model at $0.09645 for 2027 look less like an outlier. Invalidation of the bull case is clean: a daily close below $0.1344.

Coinbase’s model diverges sharply bullish at $0.49 for 2026 and $0.59 for 2030. That is either a major unpriced catalyst or aggressive extrapolation. Treat it as a ceiling scenario, not a base case.

Maxi Doge Targets Early Mover Upside as Cardano Tests Key Levels

ADA’s range-bound structure makes patience the trade. Meaningful upside exists but it is conditional on a breakout that has not materialized yet. Traders who want crypto momentum without waiting on a technical resolution are rotating into earlier-stage plays where the entry price itself provides the asymmetry.

Maxi Doge is one presale drawing that rotation.

Built on Ethereum as an ERC-20 meme token, the project leans hard into gym-bro trading culture with a 240-lb canine mascot and the tagline “Never skip leg-day, never skip a pump.” The branding is intentionally loud but the mechanics underneath are more structured than the meme framing suggests.

Holder-only trading competitions with leaderboard rewards give the community something to compete for beyond price speculation. A Maxi Fund treasury is allocated to liquidity and partnerships. Dynamic staking APY rewards holders for staying in.

The presale is currently priced at $0.0002826 with $4.82 million raised to date. That number signals real capital commitment rather than a ghost project.

Meme tokens carry significant risk. Liquidity and post-launch price discovery are always the critical unknowns. But for traders looking for asymmetric exposure while ADA grinds sideways, the entry price here is doing a lot of the work.

For traders who’ve done the work, research Maxi Doge here.

The post Cardano Price Prediction: ADA Is Stuck in a Tight Range While the “Ghost Chain” Label Keeps Circulating appeared first on Cryptonews.

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US spot Bitcoin ETFs continued to see money leaving the funds on June 30, as investors pulled out $223 million – for the last nine days in a row. In total, the ETFs saw $4.51 billion exit during June, their biggest monthly outflows since launching in January 2024.

Tim Sun, Senior Researcher at HashKey Group, said that while the ETF outflows certainly reflect a weakening of marginal buying pressure for Bitcoin, the core issue isn’t just that ETF funds are flowing out – it’s where those outgoing funds are actually headed.

Bitcoin ETF Exodus

In a statement to CryptoPotato, Sun said that if investors were simply moving their funds into cash or short-term bonds, it would indicate a temporary shift toward safer assets while markets waited for macroeconomic uncertainty to ease. Instead, the researcher said that fund flows since the beginning of the year suggest that institutional investors are reallocating capital to sectors such as artificial intelligence (AI), semiconductors, and the GPU supply chain.

“The market hasn’t completely lost its risk appetite; rather, it is re-selecting its preferred risk assets.”

Sun explained that Bitcoin and AI-related stocks share several characteristics, such as long duration, high volatility, and high narrative elasticity. However, institutional investors currently favor the AI supply chain because companies in that sector are able to turn revenue and capital spending into business results much faster than Bitcoin can deliver returns through its investment narrative.

As a result, he believes the current ETF outflows should be viewed as a sign that Bitcoin’s short-term appeal has weakened compared with AI and semiconductor investments, rather than evidence that the long-term investment case for crypto has disappeared. Sun described the trend as a “capital reallocation within risk assets: Bitcoin’s marginal attractiveness is temporarily weaker than that of AI and semiconductors.”

At the same time, he noted that Bitcoin could attract institutional capital again if the AI trade becomes overcrowded and experiences a correction or if macro liquidity improves.

The Strategy Crisis

ETF outflows aren’t the only headwind for Bitcoin. Strategy, the largest corporate holder of BTC, also faces growing challenges in maintaining its financing model. Sun acknowledged that downside risks remain significant. He said the market’s main concern is not any single development but the simultaneous weakening of the two major sources of marginal buying demand that previously supported Bitcoin’s rally.

On one side, ETFs have shifted from consistent inflows to outflows, while on the other, the market is re-pricing the financing capacity of Strategy. Even so, Sun stressed that the company’s biggest risk is not necessarily that it will trigger a broader market sell-off, but that its ability to keep purchasing BTC at the same pace could decline.

“What truly needs to be observed is whether it will be forced to alter its financing cadence, replenish cash reserves, slow down its buying pace, or even pause purchases altogether.”

If Strategy pauses its buying, Sun stated that it “might not necessarily be a bad thing, because it means the previous distortion of true supply and demand – caused by Strategy’s financial flywheel model – will be alleviated.” In that case, he added Bitcoin would have the opportunity to establish price support based on genuine market demand instead of relying primarily on ETF inflows and Strategy’s purchases.

The post The Vanishing Bitcoin Bid: Where Are the ETF Billions Going? appeared first on CryptoPotato.

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Key Takeaways

• Shares of SanDisk tumbled 9.44% during Tuesday’s session even as Bank of America issued an optimistic price target increase
• Bank of America elevated its SNDK price objective from $2,100 to $2,500 while reiterating its Buy recommendation
• BofA’s Wamsi Mohan anticipates average selling prices could surge as much as 35%, while bit growth may increase 13% sequentially
• The memory maker has soared 800% in 2024 and an eye-popping 4,755% over the trailing year, reaching a $323 billion market capitalization
• Valuation concerns include a forward price-to-earnings ratio of 33 — exceeding both Nvidia and Micron — alongside troubling technical indicators

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SanDisk shares experienced a steep decline on Tuesday, surrendering 9.44% of their value during the trading session. The selloff occurred paradoxically on the very day that Bank of America Securities announced an upward revision to its price target, moving from $2,100 to $2,500.

Sandisk Corporation, SNDK

Bank of America’s equity analyst Wamsi Mohan maintained his Buy recommendation on the shares. His optimistic thesis centers on the persistent mismatch between NAND flash memory supply and demand, a condition he anticipates will persist through 2027.

Mohan’s research indicates SanDisk’s average selling prices could experience gains of up to 35%. Additionally, he projects bit growth — representing the total volume of memory units delivered — will expand by 13% on a sequential quarter basis.

Using these assumptions as a foundation, Bank of America now forecasts that SanDisk will report $9.1 billion in revenue for the June quarter alongside earnings per share of $37.01. These projections exceed the Street’s current consensus estimates of $8.35 billion in revenue and $34.26 in EPS.

For the subsequent quarter, BofA’s model anticipates revenue reaching $11.5 billion with EPS climbing to $48.55.

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Multi-Year NAND Supply Deals Enhance Earnings Predictability

A critical element supporting Mohan’s optimistic outlook involves SanDisk’s strategic emphasis on securing long-term NAND supply agreements, referred to as NBMs. These multi-year commitments guarantee future revenue streams and provide greater clarity for investors modeling future profitability.

Bank of America anticipates widespread adoption of these contractual arrangements among cloud infrastructure providers and enterprise clients. The investment bank also highlighted that these agreements are designed to preserve gross margin levels within SanDisk’s established target parameters.

This strategic pivot has contributed significantly to SanDisk’s extraordinary market performance. The stock has skyrocketed 800% since the beginning of the year and an astonishing 4,755% over the past twelve months. This explosive growth has transformed what began as a Western Digital spinoff into a company valued at $323 billion.

The bullish sentiment extends beyond Bank of America. Mizuho Securities increased its target from $1,825 to $2,200. Cantor Fitzgerald established an even higher objective at $2,900. Susquehanna Financial Group represents the most aggressive bull case with a $3,250 price target.

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The analyst community’s consensus rating stands at Strong Buy — featuring 14 Buy ratings, two Hold ratings, and zero Sell recommendations over the most recent three-month period. The mean price target across all analysts sits at $1,979.38, suggesting approximately 3% downside from present trading levels.

Growing Concerns About Valuation and Market Dynamics

Notwithstanding the widespread analyst enthusiasm, multiple risk factors deserve consideration — and Tuesday’s sharp decline serves as a cautionary reminder.

SanDisk’s forward price-to-earnings multiple has expanded to 33 times, surpassing Nvidia at 22 times and Micron Technology at 18 times. This valuation premium has begun attracting scrutiny from market participants.

Supply-side dynamics present another concern. Elevated memory pricing could incentivize rival manufacturers including Micron, Kingston Technology, and Kioxia Holdings to accelerate production capacity, which would ultimately exert downward pressure on pricing.

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From a technical analysis perspective, the weekly chart reveals a bearish divergence in the Relative Strength Index. The RSI has been declining even as the stock price has continued advancing — a formation that frequently precedes price corrections.

The equity currently trades at $2,238, substantially above its 50-day moving average of $1,458.

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