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PDAXScope: BTC hits $116K, Trump ETF, Emirates adopts crypto

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PDAX

July 11, 2025

3 min read

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Bitcoin Hits New All-Time High at $116k, Nearly $1B Shorts Get Liquidated: Markets Liveblog (CoinDesk)

Bitcoin has surged to a new all-time high, breaking past $116,000, as reported by CoinDesk. The rally triggered nearly $1 billion in short liquidations, as traders who bet on prices falling were forced to exit their positions. Market watchers say this run is one of the strongest in recent months, with BTC nearly doubling in value over the past year. Some analysts now predict Bitcoin could hit $141,000 by the end of 2025, depending on market momentum.

Trump Media files for ‘Crypto Blue Chip ETF’ with SEC (AP News)

Trump Media and Technology Group has applied to launch a crypto ETF focused on well-known, established tokens like Bitcoin and Ripple, as reported by AP News. The proposed “blue-chip” ETF is part of the company’s broader push into digital assets and would offer traditional investors a regulated way to gain exposure to crypto.

Emirates Airline Adding Crypto Payments, Years After Teasing Bitcoin Plans (Decrypt)

Emirates Airline is officially adding crypto as a payment option, letting customers pay for flights using digital assets, as stated by Decrypt. The move comes after earlier hints of exploring blockchain and crypto technologies, marking a significant step in bringing crypto into mainstream travel payment options.

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