According to @KobeissiLetter, the cryptocurrency market is impacted by two major developments from influential figures. First, Elon Musk's platform X is preparing to launch investment and trading services soon, as stated by CEO Linda Yaccarino. Given Musk's advocacy for cryptocurrencies like Dogecoin (DOGE) and Tesla's significant Bitcoin (BTC) holdings, it is widely anticipated that these new financial services on X will incorporate digital assets. This move is part of a broader strategy to transform X into an 'everything app' similar to China's WeChat. Second, Donald Trump's Trump Media and Technology Group is moving forward with its crypto plans, as the New York Stock Exchange (NYSE) has filed for a rule change to list the 'Truth Social Bitcoin and Ethereum ETF'. This proposed dual-asset fund would hold Bitcoin (BTC) and Ether (ETH) in a 3:1 ratio, with Crypto.com serving as the custodian and liquidity provider. This filing is a key procedural step towards public trading, signaling growing integration between traditional finance and the crypto sector.

According to @KobeissiLetter, two major developments are poised to influence the crypto market. First, Elon Musk's platform X will 'soon' introduce investment and trading capabilities, as confirmed by CEO Linda Yaccarino in an interview with the Financial Times. Given Musk's public support for cryptocurrencies like Dogecoin (DOGE) and Tesla's significant Bitcoin (BTC) holdings, traders anticipate that these new financial offerings will likely incorporate digital assets. Secondly, the New York Stock Exchange (NYSE) has officially filed for a rule change to list the Truth Social Bitcoin and Ethereum ETF. This proposed fund from Trump Media would hold both BTC and Ether (ETH) in a 3:1 ratio, with Crypto.com serving as the custodian, signaling a potential new wave of politically-linked crypto investment products pending regulatory approval.

According to @rovercrc, Elon Musk's social media platform X will 'soon' offer investment and trading services, as stated by CEO Linda Yaccarino in an interview with the Financial Times. This move, part of an 'everything app' strategy, is widely expected by crypto observers to include digital assets given Musk's known affinity for cryptocurrencies like Dogecoin (DOGE) and Tesla's significant Bitcoin (BTC) holdings. In the broader market, Bitcoin is maintaining its position just under $105,000, showing resilience despite geopolitical tensions, according to analysis from QCP Capital. This stability is largely attributed to continued institutional accumulation, with firms like Strategy adding over 10,000 BTC and The Blockchain Group acquiring 182 BTC. From a technical standpoint, Chainlink's (LINK) token has entered a bearish phase after falling below the Ichimoku cloud, with immediate support identified at its early June low of approximately $12.6. Meanwhile, derivatives data from Deribit indicates traders are hedging against potential downturns, with a notable bias for protective BTC put options at strike prices between $90,000 and $100,000.

According to @moonshot, several significant developments are shaping the crypto market for traders. Polygon (MATIC) is undergoing a major strategic overhaul, with co-founder Sandeep Nailwal taking over as CEO of the Polygon Foundation. The team is pivoting its focus to the AggLayer cross-chain liquidity protocol and retiring its zkEVM network to reclaim a leading position in Web3. In another major development, Elon Musk's X platform will 'soon' offer investment and trading features, as stated by CEO Linda Yaccarino. Given Musk's advocacy for DOGE and Tesla's Bitcoin (BTC) holdings, this move is widely expected to involve significant cryptocurrency integration, potentially driving mainstream adoption. Additionally, Bitcoin Core developers confirmed the upcoming version 30 release will increase the OP_RETURN data limit, which could foster more data-intensive applications on the network. Other notable events include the Ethereum Foundation (ETH) implementing a new treasury policy to ensure long-term sustainability and Ant Group's plan to seek stablecoin licenses in Hong Kong and Singapore, signaling growing institutional interest in the digital asset space.

According to @StockMKTNewz, Elon Musk's platform X will 'soon' offer investment and trading services, a move confirmed by CEO Linda Yaccarino in an interview with the Financial Times. Given Musk's known affinity for cryptocurrencies like Dogecoin (DOGE) and Tesla's significant Bitcoin (BTC) holdings, traders anticipate the integration of digital assets. In a major infrastructure development, Tron (TRX) is pursuing a public listing on the NASDAQ via a reverse merger, which will create 'Tron Inc.' While the initial market reaction saw TRX trading flat, the move offers equity investors exposure to a network handling 30% of all stablecoin transactions, according to DeFi Llama data, and serving as a key payment rail in emerging markets. Meanwhile, institutional demand for crypto remains robust, with digital asset investment products seeing $1.9 billion in inflows last week, pushing the year-to-date total to a record $13.2 billion, per a CoinShares report. This trend was led by inflows into Bitcoin (BTC) and Ethereum (ETH). In other news, OSL facilitated the first public company treasury allocation into Solana (SOL) in Hong Kong for MemeStrategy.