Coinbase Observes XRP’s Rally Fueling Altcoin Market Optimism
XRP's recent surge above $3 has sparked significant bullish momentum in the altcoin market, with traders eyeing potential price targets between $5 and $11 based on Fibonacci retracement patterns. This upward movement coincides with heightened speculation around the possible approval of an XRP ETF, which some market commentators are calling "the biggest opportunity of our lifetime." Meanwhile, solana has shown impressive resilience despite heavy whale activity, further bolstering confidence in the altcoin sector. As of July 2025, the market remains optimistic about continued growth and institutional interest in these digital assets.
XRP Price Surge Sparks Altcoin Rally Speculation
XRP's breakthrough above $3 has reignited bullish momentum across the altcoin market. Traders now target $5-$11 price levels as Fibonacci retracement patterns suggest further upside potential. The rally coincides with growing anticipation around potential ETF approval, with prominent commentators labeling XRP "the biggest opportunity of our lifetime."
Solana demonstrates remarkable resilience despite significant whale activity, absorbing a 300,000 SOL transfer to Coinbase without notable price deterioration. The network's robust futures open interest indicates sustained institutional confidence even during profit-taking events.
Market attention is shifting toward shiba inu and Remittix as potential breakout candidates. Each token presents distinct value propositions—Shiba Inu's meme coin dominance versus Remittix's fintech applications—creating parallel narratives for speculative capital deployment.
Whale Buying Drives ETH Coinbase Premium to Unseen January Levels
Ethereum's Coinbase premium has surged to levels not seen since January, driven by aggressive accumulation from US-based whales. The premium spike reflects concentrated buying pressure on Coinbase, with platform reserves dwindling to just 4.8 million ETH.
DeFi and stablecoin utility continue attracting institutional interest, fueling spot demand. While the current premium hasn't matched late-2024 peaks, sustained whale activity suggests growing conviction in ETH's fundamentals.
Charles Schwab to Launch Bitcoin and Ethereum Trading, Competing Directly with Coinbase
Charles Schwab, one of the largest brokerage firms in the U.S., is preparing to introduce spot trading for Bitcoin and Ethereum. CEO Rick Wurster confirmed the move during a CNBC interview, positioning Schwab as a direct competitor to established crypto platforms like Coinbase. "Absolutely," Wurster said when asked about competing with Coinbase. "If they’re buying their crypto on Coinbase, we’d love to see them bring it back to Schwab."
The firm aims to capture the growing demand from its clients, many of whom already invest in crypto but use external platforms. Schwab’s clients currently hold over 20% of all crypto exchange-traded products (ETPs) in the market. "They really want to bring it back to Schwab because they trust us," Wurster added, emphasizing the firm’s focus on providing a secure and integrated trading experience.
The announcement signals accelerating institutional adoption of digital assets, with traditional financial giants like Schwab entering the crypto space. The move is expected to further legitimize Bitcoin and ethereum as mainstream investment options.
Jack Dorsey’s Block to Join the S&P 500 Index Next Week
Block Inc., the fintech firm behind Cash App, will replace Hess Corp. in the S&P 500 index starting July 23. The MOVE follows Chevron's acquisition of Hess, marking another crypto-friendly company's entry into the benchmark index after Coinbase's inclusion last May.
The company's substantial bitcoin holdings - 8,585 BTC purchased at an average of $30,405 - now represent a 300% unrealized gain. This institutional endorsement comes as regulatory clarity improves, with the recent passage of the GENIUS Act under President Trump.
Block's stock surged 10% in after-hours trading to $79.49, capping a 35% quarterly rally. The market views this development as a significant step toward mainstream Bitcoin adoption by traditional investors.
