Crypto Talkies July 10th 2025

As the sun sets on another bustling day in the cryptosphere, the lights dim on a series of intriguing developments. Bitwise analysts set the stage by highlighting Ethereum (ETH), Solana (SOL), XRP (XRP), and Chainlink as frontrunners in the tokenization narrative, suggesting even modest tokenization could eclipse other crypto stories, including Bitcoin's epic tale. Meanwhile, SharpLink Gaming made waves with a strategic increase in Ethereum holdings, sending its stock soaring by 28% and setting tongues wagging throughout the corporate sector about the potential of similar crypto embraces. On the Trump-affiliated front, Donald Trump Jr.'s support for Thumzup Media Corp's expansion into Ether, XRP, and Solana reinforces a growing trend of political ties venturing into digital assets, despite some financial hiccups along the way. Bitcoin (BTC), though consolidating just below its all-time high of $112,000, remains a cornerstone of the market as it basks in increased accumulation and activity. In Australia, Project Acacia is taking strides in central bank digital currency (CBDC) and tokenization trials, aiming to refine wholesale market operations. Across the Pacific, YZi Labs and 10X Capital team up to reveal The BNB Treasury Company, with ambitions for a U.S. IPO, buoyed by improved regulatory climates. Crypto culture's intersection with pop culture was no more evident than in Snoop Dogg's area code with his NFT collection speeding out of the Telegram gates in a mere 30 minutes, a testament to celebrity sway and perhaps the dawn of a new NFT renaissance. Meanwhile, FTX finds itself in hot water as Chinese creditors mount a legal fight in Delaware against its payout pause proposal in restricted regions. Further afield, Jack Ma's Ant Group partners with Circle to entwine the USDC stablecoin into its blockchain, although U.S regulatory nods remain pending. XRP basks in its own glow, bolstered by whale activity, as its price surges to a 7-week high with hopes of breaching the $3 mark soon. Elsewhere, Donald Trump's Truth Social is innovating in social fin-tech by introducing a utility token designed for user engagement rewards, while Pudgy Penguins (PENGU) rides high on ETF chatter, with a 29% market pop. BIT Mining is also making moves, leveraging a $300 million investment into the Solana ecosystem, sending its stock prices skyward by a staggering 350%. Regulatory landscapes took center stage in U.S. Senate discussions as Ripple's CEO Brad Garlinghouse advocated for clear legislation, sharing insights from the SEC tussle and aiming for a U.S. crypto stronghold. Concurrently, a blend of AI and blockchain comes together as Coinbase partners with Perplexity AI to furnish traders with real-time crypto data. Finally, the U.S. Treasury's repeal of controversial crypto broker reporting rules signals a significant pivot, and Ripple pushes forward with its RLUSD stablecoin, partnering with BNY Mellon to cover reserves, aiming to fuel stablecoin market growth. As the evening draws to a close, the cryptosphere stands as vibrant as ever, with narratives intertwining and new chapters being penned, setting the stage for another eventful sunrise.


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