Crypto traders ‘starting to salivate’ as Bitcoin inches back toward $110K

Polygon’s POL token is gaining traction ahead of a major network upgrade—Heimdall v2—scheduled for July 10. The token’s price has jumped 7% in the last day and 11% over a slightly longer period, suggesting investors are optimistic about the update’s potential impact.

Editor’s Note: Upgrades like Heimdall v2 often signal technical improvements or new features, which can boost investor confidence. For crypto watchers, this isn’t just about short-term price moves—it’s a test of whether Polygon can keep evolving in a competitive layer-2 space. If the rollout goes smoothly, it could reinforce POL’s position as more than just another altcoin.

New Zealand is cracking down on financial crime by banning cryptocurrency ATMs and capping international cash transfers at $5,000. The government says these measures, announced by Associate Justice Minister Nicole McKee, are aimed at making it harder for criminals to move and launder money.

Editor’s Note: While this move might frustrate some crypto enthusiasts, it reflects growing global efforts to rein in the wilder aspects of digital currencies. New Zealand’s decision signals a balancing act—trying to curb illegal activity without outright killing crypto innovation. For everyday folks, it could mean fewer shady transactions, but also fewer convenient ways to buy or sell crypto on the fly.

Cardano's ADA token is inching closer to a crucial price hurdle at $1, but it's facing pushback from big investors cashing out. Even with a decent 6.6% weekly bump to $0.58, breaking that psychological barrier won’t be easy—whales seem skeptical, and the market’s still shaky.

Editor’s Note: For crypto traders, ADA’s struggle to hit $1 is a litmus test—it’s not just about the price, but whether Cardano’s ecosystem has enough momentum to shake off doubters. If it fails, it could signal deeper hesitation in the broader altcoin market. If it succeeds? That $1 mark might just become a springboard.

Two crypto founders, Michael Shannon Sims and Juan Carlos Reynoso, have been charged by U.S. authorities for allegedly running a massive $650 million investment scam. They launched a fake platform in 2019, promising big returns but instead pocketing investors' money—leaving thousands out of pocket.

Editor’s Note: This isn't just another crypto scandal—it's a stark reminder of how unchecked hype in digital assets can leave everyday investors vulnerable. With regulators cracking down, it signals tougher scrutiny for crypto schemes, but also highlights how far scammers will go when money's on the line. If you're dabbling in crypto, this is a wake-up call to do your homework.

The price of Cronos (CRO) shot up more than 20% in a single day after news dropped that it’s being added to a proposed ETF backed by Trump Media. This sudden jump has given the token—which has had a rough ride lately—a much-needed boost, with traders now eyeing the $0.105 mark.

Editor’s Note: For crypto investors, this is a big deal because CRO’s inclusion in a high-profile ETF could signal growing legitimacy and demand. Even though CRO has faced challenges, a Trump Media-linked ETF brings both attention and potential new money into the mix. Whether this rally holds or fizzles out, it’s a reminder of how quickly crypto markets can move on news—especially when big names are involved.