Cryptocurrency News: ARK Chooses Canadian Staking Collaborator, PayPal Introduces New Service
As of July 28, 2025, the cryptocurrency market showcased a mixed but generally strong performance, with Ethereum leading gains among major coins and Bitcoin approaching key resistance levels.
Ethereum's Bullish Surge
Ethereum (ETH) has reached around $3,900, its highest in months, and has seen significant institutional interest. Despite a modest 1.1 percent dip in the past 24 hours, Ethereum has maintained an upward trend, with 13 out of 15 green days, making it the market leader this week.
Bitcoin's Struggle Near Resistance
Bitcoin (BTC) is trading around $117,888-$118,000, down slightly by about 0.9 percent. Analysts highlight the need for Bitcoin to break above strong resistance at $119,000-$120,000 for continuation of its bull run. The digital asset is currently approaching a "strong resistance" level between US$119,000 and US$120,000, according to crypto analytics platform Coinank.
Altcoin Highlights
Altcoins such as Cardano (ADA), Solana, and collectible tokens like Pudgy Penguins are also experiencing notable price increases. Cardano’s ADA price surged around 35 percent recently, while Solana and Ethereum layer-1 tokens gained strong momentum. The NFT market sales volume jumped 41 percent, with CryptoPunks soaring 590 percent, reflecting a revival in digital collectibles driven largely by Ethereum’s performance. However, Pudgy Penguins token also faced scam activity concerns.
Industry News
ARK Invest selected Canadian staking partner SOL Strategies as its exclusive Solana staking partner for the Digital Assets Revolution Fund. PayPal unveiled a new crypto-related service, Pay with Crypto, for simplifying international payments for merchants and reducing associated fees. The service allows US merchants to accept payments in over 100 cryptocurrencies, including USDC, and will convert payments to either stablecoin or fiat currency instantly.
JPMorgan is exploring crypto-backed loan offerings, signaling institutional banking interest in crypto asset utilization. TRON filed to raise $1 billion, showing strong fundraising activity in the ecosystem. SharpLink Gaming acquired over 77,000 ETH (~$295 million), emphasizing growing crypto adoption in gaming. BitGo, an institutional custody platform, has partnered with SOL Strategies.
Market Sentiment
Most Americans remain skeptical of cryptocurrency, with only 14 percent saying they own any form of crypto and a large majority indicating they have no intention of buying in.
In summary, July 28, 2025, was marked by Ethereum’s bullish surge, Bitcoin trading near critical resistance, renewed interest in NFTs and altcoins, and continued strategic moves by key players like ARK Invest, PayPal, and major financial institutions in the cryptocurrency space.
Investors are increasingly considering tech investing and blockchain investing, given Ethereum's bullish surge and Bitcoin's struggle near key resistance levels in the cryptocurrency market. Ethereum's rapid growth has piqued the interest of institutions, as it reached around $3,900, its highest in months, whereas Bitcoin is trading just outside the $119,000-$120,000 resistance level. Other altcoins like Cardano, Solana, and digital collectibles are also experiencing substantial price increases.
In the financial sector, JPMorgan is reportedly exploring crypto-backed loan offerings, while PayPal has introduced Pay with Crypto to simplify cross-border payments. Meanwhile, ARK Invest has chosen SOL Strategies as its exclusive Solana staking partner, and BitGo has partnered with SOL Strategies for institutional custody services.
However, consumer sentiment towards cryptocurrency remains divided, as fewer than 15% of Americans currently own any form of crypto. Despite this, crypto adoption in the entertainment industry is on the rise, with SharpLink Gaming acquiring over 77,000 ETH.
The cryptocurrency market's mixed but strong performance vividly highlights the potential of finance, business, and technology convergence, particularly in education-and-self-development and casino-and-gambling sectors, where cryptocurrency usage could potentially reshape entertainment experiences.
