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Hi Siai,
What an exciting week it's been at Day1x! We're absolutely thrilled to share that the Day1x app is now officially LIVE on iOS, Android, and macOS! As an existing Day1x account holder, you can log in immediately and start trading anytime, anywhere. Our new app makes it even easier to deposit funds fee-free and trade with our unbeatable flat 0.1% fee. This launch marks another significant step on our journey to build the world's best, lowest-cost, community-led crypto exchange, and we're eager for your feedback as we continue to evolve. You can read more about it here. |
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This week's Token Tuesday brought a notable expansion to your trading options with the introduction of three compelling new coins. You can now trade Arbitrum (ARB), a premier Layer-2 scaling solution for Ethereum that facilitates faster and more cost-efficient transactions for a wide range of decentralised applications. We've also listed Pudgy Penguins (PENGU), an evolving Web3 brand extending into physical merchandise and community-driven experiences. Completing this week's additions is Liquity (LQTY), a decentralised borrowing protocol on Ethereum offering 0% interest loans against Ether collateral, providing a robust and censorship-resistant lending solution. These additions underscore our commitment to bringing you relevant and innovative assets to support your trading journey.
The crypto world never stands still, and this week's video dives into a crucial but often overlooked aspect of market movements: token unlocks. Understanding token unlocks is vital for any investor, as they can significantly impact token prices and market dynamics. Join us as we break down what they are, why they matter, and how being aware of them can sharpen your investment strategy. Beyond this deep dive, the broader market has been buzzing with activity and significant developments that continue to shape the crypto landscape. |
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We're incredibly excited about all the innovations happening in the crypto space, and especially about being able to bring the enhanced Day1x experience directly to your devices with our new app. We hope you enjoy exploring it and find this week's market insights valuable!
Next week, we'll be back with more tokens and some new features to enhance your trading experience.
Have a great weekend.
- The Day1x Team |
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THIS WEEK'S CRYPTO INSIGHTS |
Bitcoin Outlook: Bulls Eyeing an Extension to $130K+ in second half of 2025?
Bitcoin experienced a strong rally in Q2, recovering significantly from its Q1 downturn and testing record highs around US$110,000. Analysts suggest that the current cycle top for Bitcoin may not have been reached yet, with potential targets around US$118,000 and US$131,000 based on Fibonacci extensions. The report points to continued institutional interest and significant inflows into spot Bitcoin ETFs as key drivers, which could help limit downside dips. However, potential headwinds from central bank policy shifting focus back to inflation in H2 2025 are also noted. |
First Solana ETF Launches Pushing $SOL Price Up
REX Shares and Osprey Funds launched the first U.S. Solana ETF that allows investors to earn staking rewards. This new ETF, named REX-Osprey Solana + Staking ETF, is structured as an investment company taxed as a C-corporation, a workaround to meet SEC rules while still providing direct SOL exposure and yield. This launch pushed SOL's price up by 4.5% and is seen as a test of appetite for further ETF launches beyond Bitcoin and Ethereum, potentially sparking an "altcoin summer." |
MicroStrategy Buys Another US$530 Million Worth of Bitcoin
MicroStrategy, the largest public Bitcoin holder, acquired an additional 4,980 BTC for approximately $531.9 million, bringing its total holdings to 597,325 BTC. These purchases were funded through sales of common stock and newly issued preferred stocks, part of the company's "42/42" plan to continue accumulating Bitcoin through 2027. This continued aggressive accumulation reflects executive chairman Michael Saylor's long-term bullish outlook for Bitcoin. |
Ripple Flips The Coin and Applies for National Banking License
Ripple officially applied for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC). This strategic move aims to bring its U.S. dollar-backed stablecoin, RLUSD, under federal oversight, mirroring a similar application by Circle days earlier. This proactive step by major crypto players aligns with the crypto industry's broader push for regulatory clarity and integration with traditional finance, especially ahead of anticipated U.S. stablecoin legislation like the recently passed GENIUS Act. Federal oversight through such a license is expected to establish higher standards for transparency and compliance, potentially driving greater institutional adoption of stablecoins and strengthening Ripple's financial infrastructure. |
Ondo Finance and Pantera to Invest US$250M in Tokenized Real-World Asset
Ondo Finance and Pantera Capital are launching the Ondo Catalyst fund, a $250 million initiative focused on investing in tokenized real-world asset (RWA) projects. This fund will acquire equity stakes and tokens in new projects, reflecting the industry's increasing emphasis on tokenization, buoyed by positive regulatory shifts in the U.S. The tokenized RWA market has seen substantial growth, surging 380% since 2022 to reach US$24 billion (excluding stablecoins), predominantly in private credit and U.S. government debt. This expansion is supported by both industry efforts and government backing, including from the U.S. Securities and Exchange Commission. |
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