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Ripple’s injunction leaves an element of uncertainty for institutional XRP sales
Ripple’s injunction leaves an element of uncertainty for institutional XRP sales

Share link:In this post: XRP can’t be officially and directly sold by institutions, but retail trading continues as usual. Lawyer Fred Rispoli says that the SEC and Ripple can settle on how XRP sales to institutions will be done in a way the SEC can live with. Ripple plans to further integrate XRP into institutional finance by buying Hidden Road for $1.25 billion.

Cryptopolitan·2025/06/27 21:41
Strategy hit with five lawsuits over $6B Bitcoin losses
Strategy hit with five lawsuits over $6B Bitcoin losses

Share link:In this post: Strategy is facing multiple lawsuits over $6B in unrealized Bitcoin losses and alleged investor deception. Executives are accused of insider trading before the public disclosure of accounting changes. Despite legal challenges, Strategy’s Bitcoin gains push its stock up 28% year-to-date.

Cryptopolitan·2025/06/27 21:41
More than 30% of Ethereum supply is staked
More than 30% of Ethereum supply is staked

Share link:In this post: Ethereum shows increased staking, whale buying, and locking tokens in DeFi protocols, leading to significant outflows of available ETH. Despite the scarcity and on-chain activity, ETH remains depressed under $2,500, still awaiting a breakout. ETH activity is picking up, with more bridged net inflows from other networks.

Cryptopolitan·2025/06/27 21:41
Bitcoin whales make history with 800,000 BTC scooped in a month, highest ever
Bitcoin whales make history with 800,000 BTC scooped in a month, highest ever

Share link:In this post: Bitcoin long-term holders added 800,000 BTC in a month, the highest accumulation rate ever recorded. The coins were bought between $95,000 and $107,000 and are now classified as long-term supply. ETFs pulled in $3.5 billion in inflows while megawhales sold slowly and dolphins absorbed supply.

Cryptopolitan·2025/06/27 21:41
300K orders in 1 hour – Xiaomi piles on Tesla’s China EV struggles with YU7 launch
300K orders in 1 hour – Xiaomi piles on Tesla’s China EV struggles with YU7 launch

Share link:In this post: Xiaomi reportedly received nearly 300,000 orders in one hour for its new YU7 electric SUV. Xiaomi touted its new YU7 electric SUV as a direct competitor to Tesla’s Model Y in China. Tesla is facing growing pressure as its sales in China drop 18%.

Cryptopolitan·2025/06/27 21:41
Nike leads Wall Street surge while crypto stocks dip
Nike leads Wall Street surge while crypto stocks dip

Share link:In this post: Nike shares rally 17% after beating subdued Q4 expectations. Pony.ai slides 4% amid Uber‐backed takeover talks while Uber’s own share dipped 3%. Crypto stocks dip while power generators climb on AI support news.

Cryptopolitan·2025/06/27 21:41
China finds new pressure point in EU EV trade talks – French cognac
China finds new pressure point in EU EV trade talks – French cognac

Share link:In this post: China is tying a tentative cognac minimum‐price deal to progress EU‐China electric vehicle tariff negotiations. If no agreement is reached by July 5, temporary anti‐dumping duties of up to 39% on European brandy could become permanent. EU tariffs of up to 45.3% on Chinese‐made EVs are being contested, with China using cognac as leverage to seek price‐commitment solutions.

Cryptopolitan·2025/06/27 21:41
Flash
06:27
Porsche is considering cutting an additional 4,000 jobs in Germany.
Glonghui July 6th丨According to Jiemian, sources said that Porsche is considering cutting up to 4,000 more jobs at its Zuffenhausen plant, after previously agreeing to eliminate 3,900 positions. The administrative and management departments will be particularly affected. The exact scale of the next round of layoffs is expected to be determined before the end of July. In addition, Porsche may also reduce the capacity of its Weissach R&D base by about 30%.
06:22
Samsung Electronics' wafer foundry business turned profitable in June for the first time in three years
BlockBeats news, on July 6, Samsung Electronics' wafer foundry division achieved single-month profitability in June this year. This is the first monthly profit recorded by the division since 2023. Industry observers believe that increased orders for high bandwidth memory (HBM) foundational chips and improved yield rates in advanced manufacturing processes have reduced the burden of fixed costs and driven the recovery of profitability. According to current trends, Samsung's wafer foundry business is likely to achieve quarterly turnaround to profitability in the third quarter of this year. Although overall second quarter results are still weighed down by losses from April to May, making it difficult to conclusively determine quarterly profitability, the shift to a positive monthly result in June has led to a widespread internal belief at Samsung that the possibility of achieving quarterly profit in the third quarter has increased significantly. Analysts believe this is the first monthly profit achieved by Samsung's wafer foundry division since 2023. In the past few years, this business has long operated at a loss, mainly due to low yields in advanced manufacturing processes, loss of major customers, and insufficient capacity utilization, among multiple factors.
06:11
Rainer Guntermann: The momentum for lowering ECB rate hike expectations has weakened
Rainer Guntermann of Commerzbank stated that expectations for an interest rate cut by the European Central Bank are losing momentum. Rainer Guntermann pointed out that the official guidance in July was ambiguous, the European Central Bank has not ruled out the possibility of a rate hike, and for eurozone front-end bond yields to decline, oil prices would need to drop significantly further. Data from the London Stock Exchange Group shows that the money market is currently reflecting expectations of a 17 basis point rate hike by the European Central Bank in September, and a 25 basis point increase by the end of the year. Rainer Guntermann said that with many European Central Bank officials due to speak and the minutes of the June meeting to be released, more details will emerge.
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