By Frank Martin (MoneyAmped.com)
In the past seven days, Bitcoin has seen its value plunge to lower levels due to growing tensions in the Middle War. The coin briefly dipped below $100,000 on Sunday, a day after US President Donald Trump announced that America had successfully launched an attack on Iran’s nuclear sites.
While that story has taken center stage, other topics have also made headlines. They include:
Odds for Crypto ETF Approval Rise to 90%
According to analysts at Bloomberg, it’s almost certain that US regulators will approve several crypto-based exchange-traded funds (ETFs) in 2025. ETF specialists James Seyffart and Eric Balchunas said on Friday that the odds for approval had now hit 90%.
The two claimed that the US Securities and Exchange Commission (SEC) will soon give the green light to ETFs based on Dogecoin. Solana, Litecoin, and XRP. If that happens, some crypto analysts expect the markets to explode.
Coinbase Obtains MiCA License
American crypto exchange Coinbase has obtained a Markets in Crypto Assets (MiCA) permit in Luxembourg, allowing it to offer its services to all members of the European Union. While announcing the milestone, Coinbase stated that it chose to establish its EU headquarters in Luxembourg due to the country’s ambitions to become a financial hub in Europe.
Coinbase isn’t the only foreign exchange to have secured a MiCA license this year. Crypto.com and OKX were licensed in January, and then Bybit obtained a permit in May. Gemini is the only exchange currently pursuing a MiCA license, as reported by Reuters.
Semler Scientific to Grow its Bitcoin Holdings to 105,000 Coins by 2027
Semler Scientific, a healthcare tech company, is planning to increase its Bitcoin holdings by 28 times before the end of 2027. In a statement released on Thursday, the firm said it aims to take its BTC stack from 3,807 to 42,000 coins by December 2026 and then achieve its target of at least 105,000 Bitcoin by the end of 2027.
Semler Scientific, which bought its first BTC in May 2024, plans to finance its Bitcoin purchases using operational cash flow, equity, and debt financing.
Telegram CEO Obtains Temporary Approval to Leave France
Pavel Durov, the founder of Telegram, a messaging platform associated with the TON blockchain, has been permitted to leave France for two weeks by the court. From July 10, he will be allowed to fly to Dubai, where his firm is based.
It is worth mentioning that the French officials dismissed Durov’s travel permit request in May. At that time, he wanted to jet out to Norway, where he was selected as one of the speakers at the Human Rights Foundation’s Oslo Freedom Forum.
Historical BTC Trend Signals a Move to $330,000 Before the End of the Bull Market
Although Bitcoin has performed poorly in June, a key metric (AVIV Ratio) suggests that the coin could still witness a massive uptrend, peaking at $330,000 in the coming months.
For beginners, the AVIV Ratio metric compares BTC’s active capitalization to total invested capitalization. It signals a cycle top whenever it reaches the +3σ mean deviation. For instance, in 2017 and 2021, Bitcoin topped at $20,000 and $69,000, respectively, when the deviation condition was met.
Now, crypto analyst Gert Van Lagen says Bitcoin has yet to cross the +3σ mean deviation, suggesting that the bull cycle isn’t over. He predicts that the condition will be met when BTC hits $330,000.
Winners and Losers
Nearly all the top 100 cryptocurrencies by market capitalization are counting losses this week. Most of them have shed at least 10% of their value over the past seven days. Coins with the largest losses include Hyperliquid, down 20.3%; Pepe, which has lost 22%; and Render, which has plummted 21.1%.
Interestingly, two crypto assets in the top-100 list have defied the downtrend, posting notable gains. Kaia is up 21.3%. These gains have pushed its market cap to $1.105 billion. Meanwhile, SEI has surged 8.8%, with its market valuation crossing the $1 billion mark.
