What Happened in Crypto Today? Musk’s Party, BRICS and $BOOM Hype

Crypto Today: From Musk’s Bitcoin Push to BOOM Token Surge

Crypto Today: The global currency market is at $3.44 trillion (₹285.5 lakh crore -approx), with a 2.1% change in the last 24 hours. Total cryptocurrency trading volume on the last day stands at $74.9 billion (₹6.2 lakh crore approx). Btc dominance is at 62.9%, while Ethereum dominance is at 9%.

The Crypto Today fear and greed index stuck at 52 shows neutral.

Crypto Today: Today’s Top 5 updates you should know to stay

1.  Could Elon Musk’s America Party Boost Bitcoin Support?

Crypto Today: As the 3rd party came out in the future in the U.S. high possibilities that Bitcoin can Become a Legal Tender under the American Party.

Elon Musk’s newly formed America Party has officially thrown its support for Btc, calling it a “freedom currency” in opposition to the dollar. This move was set up to challenge Donald Trump directly, who has repeatedly criticized Bitcoin.

The political changes have created a positive buzz in the Btc community, though prices remained stable in a tight range as traders assessed the long-term impact. There is hope in the Market that Elon Musk's America Party will open the door to making bitcoin a legal tender.

Source: Bitcoin Magazine X Handle 

1. Trump’s New Tariffs Spark Trade War 2.0

Crypto Today: One more breaking news is that Donald Trump unveiled fresh tariffs targeting BRICS countries, escalating what some have called “Trade War 2.0.” 

These trade tensions could encourage emerging markets to accelerate diversification away from the U.S. dollar -  potentially benefiting Bitcoin as an alternative store of value. For now, markets held steady, with analysts watching how BRICS countries might respond in the coming weeks.

Source x

3. Boom ($BOOM) Airdrop Hype Builds- Listing Date Near, Price Hits $0.50

Crypto Today: The BOOM listing has been confirmed for July 8, 2025, which is driving excitement across the Crypto Today community. The project will also join the 29th exclusive TGE (Token Generation Event) on Binance Wallet.

The team has already completed the first snapshot to verify eligible users for the airdrop rewards. Early users who joined on July 6 can now look forward to receiving their airdropped tokens.

The subscription window will be open from 8:00 AM to 10:00 AM UTC on July 8, where eligible users can participate using Binance Alpha Points.  To add even more value, 30 million tokens have been reserved for upcoming community campaigns, boosting interest and engagement around the BOOM token.

Boom Tokenomics

• 16.5% – Strategic Investors
  
  

• 15% – Team & Advisors
  
  

• 10% – Foundation Reserve
  
  

• 26% – Ecosystem Growth
  
  

• 7.5% – Marketing & Partnerships
  
  

• 25% – Community Incentives

• But in Market anything can happen at any time crypto today. People should be careful, because prices can change a lot right after a new token starts trading. Traders will keep a close eye on how much buying and selling happens on the first day.

Source: X

4. Toncoin and UAE Golden Visa Buzz

Crypto Today: Toncoin (TON) gained a lot of attention after rumors claiming that TON holders could use their tokens to apply for a UAE Golden Visa,The news quickly went viral in the crypto community and created a buzz among investors, especially in the Gulf region where crypto adoption is growing fast.

However, UAE authorities denied these rumors, clarifying -there is no official program that allows Golden Visa applications through holding Toncoin or any other cryptocurrency. 

Also signals that people in the Gulf are increasingly interested in combining and residency benefits, which could be an opportunity for future blockchain-related residency or investment programs down the line. 

For now, Toncoin’s price stayed relatively steady, but traders will be watching to see if more regional partnerships or projects emerge.

Metaplanet Buys 2,205 BTC – Institutional BtcHoldings Surge

Crypto Today : Metaplanet, a Japanese-listed company, came in the headlines crypto today by announcing that it had purchased another 2,205 BTC, significantly growing its total Bitcoin holdings. 

This strategic move makes Metaplanet one of the more aggressive corporate Bitcoin holders in Asia, following the same path taken by MicroStrategy in the United States.

This is such a big amount to Metaplanet's balance sheet, hinting at a strong message that it believes Bitcoin can help protect its assets against inflation, currency risk, and rising global debt.Investors saw this as a green flag so more traditional companies in Asia could follow suit and adopt Bitcoin as a treasury reserve asset.

Source: Simon Gerovich X Handle

This big BTC purchase also boosted market confidence today, showing that institutional demand for Digital Gold is still very strong despite price fluctuations.

The day’s today can be defined by a mix of political momentum for Bitcoin via Musk’s America Party, renewed global trade tensions boosting BTC’s safe-haven appeal, institutional accumulation by Metaplanet, Airdrop and listing excitement around Boom ($BOOM) and Toncoin’s growing Middle East presence despite rumors

Total Crypto Today market trading volume suggests participants remain cautious but engaged as weekend volatility approaches.