The crypto market has recently shown significant changes, including rumors about major deals and the launch of new tokens.
Overview of Current Situation in the Crypto Market
The crypto market is experiencing a steep drop today. The overall world market cap fell 5.4% over the last 24 hours, reaching $3.96 trillion. The trading volume for the last 24 hours has reached $157 billion, indicating high activity despite the decline. Bitcoin continues to lead with 59.4% market share, followed by Ethereum at 11.7%. The CMC Fear and Greed Index is now at 63 - Greed, slightly down from yesterday's 67.
Disproving Coinbase and CoinDCX Rumors
Recent rumors regarding Coinbase acquiring the Indian exchange CoinDCX following a $44 million hack have stirred the crypto community. However, CoinDCX CEO Sumit Gupta reassured users with a post on social media: "Just woke up and saw this news! Beware of the rumours! CoinDCX is super focused on building the Indian crypto story and not on sale!" Co-founder Neeraj Khandelwal echoed this sentiment, emphasizing the company’s commitment to building community rather than selling the platform.
New Developers and Tokens in the Crypto Market
Bitmain has announced plans to open a new factory in the U.S. by the end of Q3 2025. This move allows the company to bypass high tariffs and reduce delivery times. In terms of new tokens, Bitcoin Solaris (BTC-S) is set to launch this week with an estimated listing price of $20. Also, the Rhea Finance token is scheduled to be listed on Binance on July 30, 2025, with an initial price of $0.01.
The crypto market continues to be dynamic and rapidly changing, with new reports on major deals and token launches. Market participants need to stay updated on recent developments.
