Eight weeks. That’s how long investors spent yanking money out of Bitcoin funds in what became the longest outflow streak on record. According to CoinShares, that brutal $8 billion exodus has officially ended, with Bitcoin products pulling in roughly $287 million in fresh capital last week.
The numbers behind the reversal CoinShares, which publishes weekly tracking data on digital asset fund flows across the ETP and ETF landscape, reported that broader weekly inflows hit approximately $1.03 billion. Of that total, around $790 million flowed specifically into Bitcoin products.
That’s a sharp contrast to the prior eight weeks, where outflows accumulated to roughly $8 billion. The streak began in early May and persisted through early July, making it the most prolonged period of net selling pressure in the history of digital asset investment products.
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Bitcoin wasn’t the only beneficiary of the mood shift. Ethereum products attracted approximately $84 million in inflows during the same period, suggesting the recovery extends beyond just the largest cryptocurrency by market cap.
Year-to-date flows for digital asset products sit at approximately $188 billion according to CoinShares’ data.
What drove the selling, and why it stopped The extended outflow period coincided with broader market pressure throughout much of 2026. Forced selling, portfolio rebalancing, and what CoinShares describes as capitulation dynamics all contributed to the sustained exodus from digital asset funds.
The week ending around July 10 marked the inflection point. Bitcoin fund inflows during this period ranged from $197 million to $312 million depending on the specific product category, with the headline figure landing at $287 million.
CoinShares has emphasized that the data suggests a possible turning point in investor sentiment. The firm tracks fund flows with updates published each Monday and Friday, giving market participants near-real-time visibility into how capital is moving through the ecosystem.
What this means for investors When capital flows back into multiple asset categories simultaneously rather than concentrating in a single token, it typically indicates a broader improvement in risk appetite rather than a one-off event driven by a single catalyst.
Traders should pay close attention to the next two to three weeks of CoinShares data. If inflows persist and potentially accelerate, the case for a genuine sentiment shift becomes much stronger.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Institutional investment in $XRP continues to accelerate as Brookstone Capital Management, a financial advisory firm based in Illinois, revealed a significant stake in the Volatility Shares Trust XRP ETF (XRPI) through its latest 13F filing with the U.S. Securities and Exchange Commission (SEC).
Brookstone’s XRP ETF positionCrypto market commentator Xaif drew attention to the disclosure, noting that Brookstone now holds 12,380 shares of XRPI valued at approximately $71 million. He characterized this activity as evidence of growing institutional participation in XRP.
Brookstone Capital Management has confirmed a $71 million position in the Volatility Shares Trust XRP ETF, holding 12,380 shares according to its recent SEC filing. This move adds to a pattern of institutional entry into regulated XRP products.
The 13F filing, a quarterly report required by the SEC, documents asset positions of professional investment managers. Unlike an ETF launch application, a 13F filing shows positions that firms already hold in their portfolios.
Several months earlier, similar filings indicated that Goldman Sachs had become the largest holder of spot XRP ETF shares among institutional investors.
Brookstone’s participation highlights their growing interest in products that offer regulated access to cryptocurrencies without necessitating direct asset custody.
Mini dictionary: 13F filing, a quarterly disclosure form that must be submitted by institutional investment managers with over $100 million in assets under management, detailing their holdings in equities and certain ETFs.
The Volatility Shares Trust XRP ETF, listed on Nasdaq, launched in 2025 as an actively managed fund focused primarily on XRP futures contracts. The ETF aims for capital appreciation by allowing investors to gain regulated exposure to XRP market movements, removing the need for direct self-custody of digital assets.
The fund provides a bridge for institutions and retail investors seeking exposure to XRP in a manner compliant with U.S. financial regulations.
Multiple U.S.-listed spot XRP ETFs debuted in November 2025, each structured to allow shareholders to invest in XRP markets with reduced exposure to custody risks and regulatory uncertainty.
ETFLaunch DatePrimary AssetStatusVolatility Shares Trust XRP ETF2025XRP FuturesActiveSpot XRP ETFs (multiple)Nov 2025XRPActive, traded in U.S.Institutional adoption and inflow trendsBrookstone’s filing adds to an ongoing trend of financial institutions seeking crypto exposure through regulated investment vehicles. Spot XRP ETFs in the U.S. reported no net outflow days in their first month after launch. By early December 2025, combined assets under management for these funds had surpassed $1 billion.
Industry data shows that cumulative net inflows into spot XRP ETFs reached $1.44 billion since their launch, underlining persistent appetite from institutional investors.
XRP ETF inflows outpace other crypto fundsThe resilience of XRP ETFs stands out against the backdrop of declining flows in other major digital asset funds. In June, U.S. Bitcoin ETFs recorded outflows exceeding $4 billion, while Ethereum ETFs saw investors withdraw $528.99 million. XRP ETFs, however, attracted $59.4 million in fresh inflows during the same period. This inflow streak for XRP spot ETFs extended for eight consecutive weeks through June 26, underscoring their strong institutional demand.
While capital pulled away from Bitcoin and Ethereum ETFs in June, XRP ETFs added $59.4 million, continuing an eight-week streak of positive inflows. This momentum indicates a strategic pivot among institutional investors toward diversified crypto exposure.
ETFJune 2026 Net FlowBitcoin ETFs-$4 billionEthereum ETFs-$528.99 millionXRP ETFs+$59.4 millionImplications for XRP holdersBrookstone’s 13F filing is the latest signal that a wider array of investment firms, from multinational banks to smaller advisors, are adopting regulated crypto products such as XRP ETFs to diversify client portfolios. The steady inflows and absence of major outflows reflect a pattern of longer-term allocation, rather than speculative trading.
By using products like the Volatility Shares XRPI fund, investors gain efficient, regulated access to the XRP market, further legitimizing the asset within institutional finance circles.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto markets slipped on Thursday as two forces weighed on sentiment simultaneously: a Senate hearing on the CLARITY Act revealed the legislation may slip further than expected, while a Chinese AI model triggered a global equity selloff wiping $1.8 trillion from stock markets worldwide.
Bitcoin fell to $63,367, down 1.78% over 24 hours, Ethereum dropped to $1,830 and XRP slid to $1.08. The total crypto market cap declined to $2.18 trillion as the Fear and Greed Index held at 31.
CLARITY Act: One Yard Line, No Touchdown Yet
The House Financial Services Committee opened a field hearing in New York examining how the CLARITY Act could unlock innovation across digital assets. The session was informational only with no vote impact, but it marked one of the final formal steps before the bill can reach a Senate floor vote.
Representative Timmons struck a positive tone. “We’re on the one yard line, we just gotta score the touchdown,” he said, describing the legislation as “incredibly important in maintaining the U.S. economy as the centre of the global economy.”
The excitement was tempered by developments on Capitol Hill. Updated legislative text has still not been released following a Trump-Senate Republicans meeting focused on ethics provisions. Industry leaders are privately bracing for the rollout to slip into next week, according to reporter Eleanor Terrett.
Polymarket odds of the CLARITY Act passing crashed to a record low of 31%, even as Trump met with senators in what was described as a last-ditch push to advance the bill before the August recess.
The AI Model That Moved Global Markets
The broader selloff arrived from an unexpected direction. Chinese laboratory Moonshot AI released Kimi K3, a 2.8 trillion parameter open-source model, the largest ever built, surpassing DeepSeek’s previous record of 1.6 trillion parameters. On independent benchmarks it performed close to Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6, while pricing its services at a fraction of the cost.
The implication was immediate. The AI trade has been priced on the assumption that staying competitive requires massive, growing spending on chips and data centres. When a Chinese laboratory builds something nearly as capable for far less, that assumption gets challenged and capital committed to AI infrastructure gets repriced simultaneously.
Asian markets absorbed the initial blow. Japan’s Nikkei fell 4%. Taiwan’s Taiex crashed 6.5% with TSMC down 7.3%. The global semiconductor index fell 3%, entering bear market territory after losing more than 24% from its June peak. Global chip stocks have shed over $2 trillion since June 22.
What to Watch
Two catalysts will determine crypto’s next move. The first is whether CLARITY Act text emerges before the August recess. A confirmed delay removes one of the few remaining positive catalysts in the near-term outlook. The second is whether the AI-driven equity selloff stabilises, given crypto’s current 80%-plus correlation with major equity indices.
Story Ends Here
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A US airstrike on July 15 severely damaged a large warehouse at an Islamic Revolutionary Guard Corps base near Rask, Iran, with video footage confirming significant structural damage to the facility’s roof. The strike is part of a broader US military campaign that has now hit over 140 Iranian military sites since July 14, and the ripple effects are landing squarely on crypto portfolios.
Bitcoin has slid toward the $62K to $63K range as the escalation pushes investors into classic risk-off mode.
What’s happening on the ground Rask sits roughly 130 kilometers from Iran’s southern coastline, deep in the Sistan and Baluchestan province.
US officials have described the broader campaign as “shaping operations,” which is military-speak for softening up an adversary’s infrastructure ahead of potentially larger action.
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The IRGC hasn’t been sitting idle either. Iranian forces launched retaliatory missile and drone strikes against US-affiliated facilities in Jordan and Bahrain.
The crypto sanctions front The US Treasury has been systematically targeting Iranian crypto infrastructure suspected of financing IRGC operations.
Back in June 2026, sanctions landed on Iranian platforms including Nobitex and Bitpin for their alleged connections to the IRGC. Nobitex has historically been one of the largest crypto exchanges operating within Iran, handling significant volume for a country where traditional banking channels have been largely cut off from the global system.
Then there’s Tether’s move. The stablecoin issuer froze $344 million in USDT tied to IRGC-linked wallets.
What this means for crypto investors Bitcoin’s decline toward $62K to $63K represents meaningful downside pressure. The move reflects broader uncertainty about how far this military campaign extends and whether retaliatory strikes could disrupt energy markets, which would cascade through every asset class including digital ones.
There are reports of increased interest in gold-backed tokens, which tracks with the general flight-to-safety pattern.
Iran is a major oil producer, and any disruption to production or shipping lanes in the Strait of Hormuz would spike crude prices.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Eligible E*TRADE clients can now buy, sell, and hold Bitcoin, Ethereum, and Solana through Zero Hash at a 0.5% fee.
Original image credit: Tada Images / Shutterstock.com
Posted July 17, 2026 at 6:32 am EST.
Original image credit: Tada Images / Shutterstock.com
Morgan Stanley has completed the rollout of spot crypto trading on E*TRADE, giving eligible clients the ability to buy, sell, and hold Bitcoin, Ethereum, and Solana directly on the retail brokerage. The bank announced the launch Thursday, partnering with digital-asset infrastructure provider Zero Hash.
Trades execute through a linked Zero Hash account, which also custodies the assets, at a fee of 0.5%. Clients can view their crypto holdings alongside stocks and other investments, and Morgan Stanley said transfer functionality would arrive later this year. Digital-asset services are set to move to the bank’s own trust entity, Morgan Stanley Digital Trust, once it is operational.
This story is an excerpt from the Unchained Daily newsletter.
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Morgan Stanley is betting that trust and integration matter more to its users than novelty, citing a survey by its wealth management arm that found the top factor investors cited when choosing a crypto platform was an established company they can trust. The crypto rollout arrived alongside new retirement-planning tools, fractional-share trading, and an updated IPO center.
The launch caps a year of steady crypto expansion at Morgan Stanley. The firm filed for spot Ethereum and Solana ETFs at market-low fees, introduced a money market fund for stablecoin issuers under the GENIUS Act, and has received conditional approval for a national trust bank charter to custody digital assets. Morgan Stanley first disclosed plans to bring crypto to E*TRADE in September 2025, naming Bitcoin, Ethereum, and Solana as the initial assets.
Related Listen: Why You No Longer Have to Choose Between TradFi and Crypto
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
ETRADE, a subsidiary of Morgan Stanley, has enabled the purchase of Bitcoin, Ethereum, and Solana for its users, routing these activities through ZeroHash infrastructure at a 0.5% fee. This new service allows ETRADE clients to engage with cryptocurrencies directly within their brokerage accounts without the need for separate wallets or third-party exchanges. While the service does not yet support external transfers and lacks FDIC/SIPC protections, Morgan Stanley plans to expand these capabilities by the end of 2026. This initiative represents a significant move by a traditional finance institution into the crypto market, potentially increasing accessibility and demand for these digital assets.
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Key Takeaways Market data suggests that the integration of Solana on E*TRADE appears to support an increased demand scenario, potentially impacting its price positively. The new service is consistent with expanding traditional financial channels into the crypto space, leveraging Morgan Stanley’s investment in ZeroHash. Current constraints like lack of external transfer capability and custody limitations indicate potential areas for future service enhancements. What to Watch The market will be observing Morgan Stanley’s further developments regarding external transfer capabilities and full service rollout to its 8.6 million E*TRADE users. The impact on Solana’s price will be closely monitored, especially considering its inclusion alongside Bitcoin and Ethereum. Additionally, market participants may look for regulatory updates or strategic moves by Solana Labs and other key actors that could influence Solana’s adoption and valuation. The evolution of crypto offerings by traditional financial institutions remains a key indicator of broader market trends.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 7.5% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.4% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.8% — — View market → August 1 2026 2.5% — — View market → August 1 2026 0.5% — — View market → August 1 2026 8.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 55.5% — — View market → August 1 2026 0.2% — — View market →
Morgan Stanley has completed the rollout of Bitcoin, Ethereum, and Solana trading on E*TRADE, charging eligible clients a 0.50% fee on each transaction.
Summary
E*TRADE now allows eligible clients to trade Bitcoin, Ethereum, and Solana for a 0.50% fee. Morgan Stanley plans crypto transfers and a move to its Digital Trust bank later this year. The rollout complements Morgan Stanley’s Bitcoin holdings, crypto ETFs and Galaxy Digital lending arrangement. E*TRADE announced in a press release that supported customers can now buy, sell and hold the three digital assets directly through its brokerage platform. Zerohash provides the underlying crypto infrastructure and holds the assets in linked customer accounts.
Each transaction carries a 50-basis-point fee, according to E*TRADE. While the current service covers trading and custody, the brokerage expects to introduce crypto transfers later this year, allowing clients to move supported assets into and out of their accounts.
Following a pilot launched in May, the completed rollout makes the service available to all eligible E*TRADE customers. Morgan Stanley had first disclosed plans to add direct spot crypto trading in 2025.
Morgan Stanley is expanding several crypto services at once E*TRADE’s launch comes as Morgan Stanley prepares to add two exchange-traded funds tied to Ethereum and Solana. As previously reported by crypto.news, amended S-1 filings for both products indicated that their launches were approaching, although the filings did not provide a confirmed trading date.
Earlier this year, Morgan Stanley also launched a spot Bitcoin ETF, becoming the first bank to offer such a product, according to the original report. SoSoValue data showed that the fund had accumulated $384 million in net assets at the time of reporting.
Direct trading gives E*TRADE customers another route to crypto exposure alongside Morgan Stanley’s investment funds. Unlike ETF shares, the new service allows eligible users to hold the underlying Bitcoin, Ether and Solana through Zerohash, while the planned transfer feature would give customers more control over moving those assets.
Morgan Stanley had also increased its tracked Bitcoin balance by nearly 1,000 BTC over the two weeks preceding July 11, according to a crypto.news report published that day. The purchases lifted its reported holdings above 5,700 BTC at the time.
Digital Trust is set to take over the crypto service Later this year, E*TRADE expects to move the crypto offering from Zerohash to Morgan Stanley Digital Trust, the group’s planned national trust bank. The brokerage linked that transition to the introduction of transfer services but did not provide a specific launch date.
Morgan Stanley applied to the Office of the Comptroller of the Currency earlier this year for a crypto-focused national trust bank charter. Its application placed the firm alongside Coinbase, Crypto.com and Ripple, while the OCC has already granted Ripple conditional approval.
Circle has also received OCC approval to establish a national trust bank focused on digital assets. The USDC issuer had secured conditional approval in 2025 alongside BitGo, Fidelity and Paxos.
Morgan Stanley Wealth Management added another crypto route in June through a referral agreement with Galaxy Digital. Under the arrangement, eligible high-net-worth clients can lend Bitcoin, Ether and Solana to Galaxy and receive shares in spot crypto investment products, including the Morgan Stanley Bitcoin Trust.
Taken together, the ETRADE rollout, pending ETF launches and Digital Trust application place trading, investment products, lending referrals and custody infrastructure within Morgan Stanley’s disclosed crypto plans. Each service remains subject to separate eligibility rules, fees and regulatory arrangements set by the companies involved.
Cardone Capital has added another 10.5 Bitcoin (CRYPTO: BTC) to its treasury using rental income from its real estate portfolio.
Dollar-Cost Average ApproachIn an X post on July 16, Grant Cardone said the company remains committed to converting a portion of its free cash flow into Bitcoin through a dollar-cost averaging strategy.
The latest purchase comes just a week after the firm announced it had acquired 107 BTC.
“Despite the fact BTC has not performed well this year, it is just a matter of time," Cardone wrote.
Over the past year, BTC prices dropped 47% as it plunged from its peak levels touched in October 2025.
Cardone Capital has accumulated more than 2,700 BTC across its real estate-Bitcoin hybrid investment strategy. At current prices, the holdings are worth around $170 million.
Analysts Praise The StrategyTechnical analyst Crypto Patel said the firm’s disciplined approach could outperform discretionary investment decisions over the long run.
"A rules-based capital allocation framework often outperforms discretionary decisions over the long term. Converting excess cash flow into Bitcoin on a recurring basis reflects that philosophy well," Patel said.
Bitcoin author Adam Livingston also praised the latest purchase, calling it a capital allocation decision that "is going to pay off extremely well."
Plan AheadCardone has outlined an ambitious roadmap for expanding the firm’s Bitcoin treasury.
The company is targeting 3,000 BTC by the end of this year and 10,000 BTC over the longer term, Bitcoin News reported. It has also said it plans to acquire an additional 1,000 BTC after receiving a planned $600 million institutional investment.
If completed, that purchase would significantly boost Cardone Capital’s standing among corporate Bitcoin holders while reinforcing its strategy of pairing income-producing real estate with recurring Bitcoin accumulation.
Image: Shutterstock
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AI inference startup General Compute has secured a $400 million loan, in what is the first financing transaction backed by inference-specific chips as collateral.
AI inference-focused startup General Compute recently secured a $400 million loan from Upper90, marking the first financing transaction backed by inference-specific chips as collateral. The company builds its dedicated cloud platform using SambaNova ASIC chips. General Compute closed a $15 million seed round in May, positioning itself to proxy AI workloads, delivering faster token processing speeds and lower latency than traditional GPU-based clouds, with deployments in existing data centers including crypto mining facilities.
10 minutes ago
One hour ago, a founding investor of Lido deposited 4.3 million LDO tokens they have held for five years into Kraken.
According to monitoring by Chinese crypto analytics platform Yu Jing, an initial institutional investor in Lido transferred 4.3 million LDO tokens (valued at $1.61 million) to Kraken one hour ago, after holding the assets for five and a half years. The institution received an allocation of 5 million LDO tokens in December 2020; at the 2021 bull market peak, these tokens were worth $30 million, while their current market capitalization stands at just $1.88 million. However, the investor’s cost basis for acquiring the LDOs is only $0.0085, meaning it still holds over 40x profits even at today’s prices.
10 minutes ago
U.S. House Financial Services Committee holds a hearing on the CLARITY Act today, with the updated text possibly delayed until next week.
Crypto journalist Eleanor Terrett posted on X that Republican members of the U.S. House Financial Services Committee will hold an in-person hearing in New York at 10 a.m. ET, focusing on how the CLARITY Act can drive innovation in the digital asset space. The hearing is an informational session designed to gather industry input and discuss policy implications, and will not impact the Senate’s ongoing consideration of the bill. Meanwhile, the updated legislative text of the CLARITY Act has not yet been released. Citing industry sources, Terrett noted that crypto industry leaders currently expect the updated text to be delayed until next week.
10 minutes ago
The decline in US stocks narrowed, with SK Hynix ADR gaining more than 4%.
According to BIT (bit.com) market data, SK Hynix ADR rebounded after briefly trading below its issue price today, now up over 4% at $158.91. Driven by this, Micron has also turned positive, with a current gain of 0.49%. Earlier news: the preliminary reading of the University of Michigan’s U.S. Consumer Sentiment Index for July hit 54.4, versus an expectation of 51 and a prior reading of 49.5. The preliminary one-year U.S. inflation expectation for July stands at 4.2%, against an expectation of 4.50% and a prior value of 4.60%.
10 minutes ago
US Central Command: No US troops have been captured or killed recently.
US Central Command: Claims by Iranian forces that they attacked the US garrison in Syria’s Tanf and captured or killed US troops during the operation are false. No US military personnel have been killed or captured in the region recently. Earlier, Iranian authorities had claimed to have killed multiple US service members.
10 minutes ago
Following the opening of US stock markets, Bitcoin and Ethereum accelerated their downward trend; 'Maji' rapidly cut positions to avoid liquidation.
Per HTX market data, Bitcoin and Ethereum accelerated their declines after today’s US stock market opened. As of press time, Bitcoin trades at $62,554.81, down 0.84% over the past hour. Ethereum is holding just above the $1,800 level, currently at $1,810.62. In response, "Maji" has sharply cut its Ethereum long positions in the past hour. HyperInsight monitoring shows its 25x leveraged Ethereum long positions have been reduced to 3,500 coins, valued at $6.338 million, with the long positions’ liquidation price also dropping to $1,795.49—less than 1% away from the current price.
Bitcoin may be approaching a cyclical market low as selling pressure shows signs of exhaustion, according to ARK Invest’s latest The Bitcoin Quarterly report.
The leading digital asset fell around 4% to $58,544 by quarter-end, closing below major technical and on-chain averages after an early rally failed to hold above them.
While ARK views that configuration as historically bearish and said Bitcoin has yet to revisit its realized and investor cost bases, implying potential downside toward $49,000-$53,000, the firm also sees evidence that selling pressure is becoming exhausted.
According to the report, supply in loss surpassed supply in profit, long-term holders accumulated to an all-time high of 14.85 million BTC, and realized-loss velocity briefly exceeded profit-taking, a combination ARK said has historically clustered around capitulation phases.
Meanwhile, realized volatility remained subdued despite the price decline, reflecting a more mature and orderly market.
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Bitcoin traded at $62,806 at press time, off about 2% in the last 24 hours after pulling back from a weekly high of $65,000. The decline came as markets turned cautious over escalating geopolitical risks and uncertainty over the CLARITY Act’s path through Congress.
ETF outflows and STRC weakness pressured Bitcoin’s institutional market According to ARK, institutional Bitcoin markets weakened during the second quarter as treasury financing came under pressure and ETF investors pulled capital, though derivatives markets showed few signs of panic.
Strategy’s STRC preferred stock fell sharply from its $100 face value to a late-June low of about $74.6 before closing the quarter near $85.
ARK said the persistent discount to par suggests financing conditions are worsening for Bitcoin treasury companies, increasing their cost of capital and potentially limiting future Bitcoin purchases.
At the same time, US spot Bitcoin ETFs recorded their first seven-week streak of net outflows, with investors withdrawing approximately 71,000 BTC over the quarter and removing a key source of market support.
Despite those headwinds, the three-month futures basis stayed slightly positive at around 2.3%, indicating muted bullish positioning without slipping into backwardation, ARK added.
Productivity and AI investment support long-term US growth On macro, ARK noted that the US macro environment continues to favor long-term growth, supported by rising productivity and accelerating business investment despite lingering inflation pressures.
The firm also said the recent flattening of the Treasury yield curve should be viewed as evidence of technology-driven deflationary pressures rather than a recession warning.
In addition, record orders for core capital goods point to a strengthening investment cycle fueled by AI, energy infrastructure, deregulation and tax policy, which the firm expects to extend beyond previous technology booms.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Bitcoin is taking hits from two directions at once. BTC USD price is around $62,832, that headline number represent a brutal 48 hours that pushed the price below $63,000, a level traders treat as the structural floor for any credible bull case.
Whether that floor holds depends heavily on events unfolding far outside the crypto market.
U.S. airstrikes on Iran’s Hormozgan province, striking five bridges and a maritime control tower at Chabahar, according to Iran’s semi-official Fars news agency, hit risk assets hard across the board.
Japan’s Nikkei dropped nearly 3% to a one-month low. Nasdaq futures slid 2%, extending Thursday’s 1.6% cash-session loss. Bitcoin extended its own Thursday decline of roughly 1.4% from $65,000, briefly breaching $60,000 amid approximately $1 billion in crypto liquidations, with around $780 million hitting long positions.
BREAKING: Nasdaq 100 futures extend losses to over -2% as memory stocks fall sharply and the Iran War continues. pic.twitter.com/ofQioGsRol
— The Kobeissi Letter (@KobeissiLetter) July 17, 2026
Separately, President Trump declassified intelligence alleging China obtained 220 million U.S. voter records, a claim Beijing’s embassy flatly denied, rattling the Australian dollar, a reliable G10 proxy for China risk sentiment.
The macro setup is now genuinely uncomfortable for BTC bulls, and the next few sessions will test whether spot demand can absorb what leveraged traders have been forced to sell.
Two catalysts are driving volatility simultaneously, and neither has a clear resolution timeline. That’s the challenge.
DISCOVER: The Next 1000x Crypto Gem Before It Lists on Binance
Can BTC USD Price Recover Above $65,000 This Week? BTC is trading in a composite spot range of $63,000 to $64,000. The post-liquidation bounce has stalled rather than accelerated.
Volume context matters here. The $1 billion liquidation flush was a forced-seller event, not an organic distribution. That historically creates messy range-bound price action rather than clean trend moves in either direction.
BTC is trading just below its 50-day SMA, a technically soft position. Current structure reads as leveraged longs getting flushed while spot buyers defend major support. Consolidation, not collapse, but fragile consolidation.
Source: BTCUSD / Tradingview $60,000 holding as support on any retest, geopolitical headlines stabilizing, and BTC USD reclaiming $65,000 on volume opens a run toward prior resistance at $67,000. Choppy range-trading between $60,000 and $65,000 while macro uncertainty persists is the base case.
A decisive close below $60,000 on meaningful volume damages near-term bullish structure materially and likely triggers another wave of systematic selling.
That level is doing a lot of work right now. Watch it closely.
DISCOVER: Best Meme Coin ICOs to Invest in 2026
Bitcoin Hyper Presale Attracts Attention as BTC Navigates Turbulence When spot BTC churns sideways under geopolitical pressure and the easy leveraged gains have already been liquidated away, some traders rotate attention toward early-stage infrastructure plays where price discovery hasn’t happened yet.
That calculus, not hype, is what’s directing attention toward Bitcoin’s Layer 2 ecosystem right now. Volatility at the base layer tends to sharpen the argument for scalability solutions sitting above it.
Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 integrating the Solana Virtual Machine (SVM), the smart contract execution environment that powers Solana’s speed, with the goal of delivering sub-second, low-cost transaction finality while inheriting Bitcoin’s security model.
The project’s Decentralized Canonical Bridge handles native BTC transfers between layers without custodial risk. The presale has raised exactly $32,968,641.95 at a current token price of $0.0136832, with staking available for participants.
That’s a meaningful amount of committed capital for a presale stage, though early-stage tokens carry significant risk, protocol delivery, token unlock schedules, and market conditions at launch all remain open variables.
Visit Bitcoin Hyper HERE.
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Bitcoin (BTC) edges below $64,000 on Friday, extending losses for the third consecutive day after the 50-day Exponential Moving Average (EMA) capped recovery around $65,000. Hyperliquid (HYPE) and Celestia (TIA) stand out as the worst performers over the last 24 hours, with nearly 10% losses.
Bitcoin extends decline below its 50-day EMABitcoin edges below $64,000 on Friday, maintaining a bearish near-term tone as it remains below the 50-day EMA at $65,041 and the 200-day EMA at $75,025. Momentum is mixed, with the Moving Average Convergence Divergence (MACD) indicator still in positive territory and the Relative Strength Index (RSI) dipping to the neutral 50 level, suggesting consolidation rather than a decisive recovery.
Bitcoin must clear the 50-day EMA at $65,041 for a steady recovery, which could target the $70,000 psychological threshold.
BTC/USDT daily price chart.On the downside, the key structural floor is the horizontal support at $60,000, where a sustained break would likely reopen a broader corrective phase in the daily picture.
Hyperliquid and Celestia take a bearish reversalHyperliquid hovers around $60 at press time on Friday, maintaining a bearish near-term bias after breaking below its 50-day EMA at $63.09, with a 9% drop the previous day. Still, the longer-term 200-day EMA at $49.85 underpins the broader structure.
The MACD descends into negative territory with a bearish profile, and the RSI near 41 suggests subdued momentum, reinforcing the downside pressure.
The path of least resistance for HYPE targets the previous swing low from June 10 at $52.67, followed by the 200-day EMA at $49.85.
HYPE/USD daily price chart.On the topside, initial resistance is at the 50-day EMA at $63.09, with a stronger barrier at the former upward-sloping trendline break near $70.29.
Celestia maintains a bearish near-term bias, testing its 50-day EMA at $0.3838 on Friday, which is well below the 200-day EMA at $0.5053. This positioning suggests the broader trend remains pressured, after price failed to surpass the 50% retracement level at $0.4104, measured over the downswing from $0.6257 to $0.2693.
The RSI around 47 hints at neutral-to-slightly soft momentum, while the MACD has slipped marginally below zero, reinforcing a loss of upside conviction following recent rebounds.
Looking down, the 23.6% retracement at $0.3285 is the first notable support, ahead of the structural cycle low at $0.2693, where buyers are expected to defend the broader range.
TIA/USDT daily price chart.On the topside, initial resistance is seen at the 50% retracement at $0.4104, before the 200-day EMA at $0.5053, which caps the long-term recovery potential.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitcoin slipped nearly 2% in the past 24 hours to trade at the $63,000 mark on Friday as geopolitical tensions weighed on crypto markets. The cryptocurrency was trading at the $62,907 mark.
Ethereum fell 3.98% in the past 24 hours to trade at the $1,828 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano corrected up to 11.31%.
Vikram Subburaj, CEO of Giottus, said softer U.S. price data reduced expectations of an immediate Federal Reserve rate increase. However, renewed U.S.-Iran hostilities, higher oil prices, and weaker risk appetite limited demand for cryptocurrencies.
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US spot Bitcoin ETF demand remains volatile. Funds recorded a $424.7 million outflow on July 13, followed by inflows of $181.1 million on July 14 and $107.7 million on July 15. July 16 showed a preliminary $45.7 million inflow, Subburaj further said.
The global crypto market capitalisation edged down 1.67% to $2.18 trillion, according to CoinMarketCap. After witnessing billions in outflows in May and June, Bitcoin ETF flows dump green with nearly $289M inflows. On the other hand, whales continue to accumulate ETH, said CoinDCX Research Team.
In the past week, Bitcoin was down 1.62% and Ethereum was up 3.15%. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano fell upto 13.83%.
Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin’s rejection from $65,200–$65,500 and decline towards $63,500 signals weakening momentum; below $63,000, the next support lies around $62,300–$61,800. Ethereum has corrected from the $1,910–$1,940 supply zone but remains structurally constructive above $1,790–$1,835.
Market perspective
Nischal Shetty, founder, WazirX: The crypto market remained resilient despite heightened regulatory uncertainty in the U.S. Bitcoin traded near $63,352, while Ethereum held around $1,844, reflecting cautious sentiment after a strong weekly recovery.
Akshat Siddhant, Lead quant analyst, Mudex: Bitcoin pulled back to the $63,500 levels from its three-week high, as a broader sell-off in technology stocks weighed on risk assets, including cryptocurrencies. Despite the decline, on-chain data from Glassnode suggests selling pressure may be easing, with realized losses among long-term holders having peaked and now beginning to decline, a sign that the worst phase of capitulation could be over.
Also Read | Planning retirement & child's education through mutual funds? Expert explains SWP, taxation, portfolio rebalancing
CoinSwitch Markets Desk: BTC remained range-bound between $64K and $65K as on-chain indicators pointed to a gradual reduction in selling from investors who bought near the market peak. Geopolitical uncertainty continues to restrain risk appetite.
Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin is currently trading around $63,600, continuing to hold above an important support zone despite short term fluctuations. Renewed ETF inflows and improving institutional participation indicate that long term conviction remains intact, while the market is increasingly responding to structural demand rather than speculative momentum.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Cryptocurrency exchange Binance has announced it will support the planned network upgrade and hard fork process on the Cardano (ADA) network. According to the exchange’s statement, deposit and withdrawal operations on the Cardano network will be temporarily suspended to ensure user transactions are conducted securely.
According to Binance, deposits and withdrawals for the Cardano (ADA) network will cease on July 18, 2026, at 11:44 PM. The network upgrade and hard fork are scheduled to take place approximately one hour later, at 12:44 AM. The exchange stated that it will handle all necessary infrastructure work on behalf of users to ensure the smooth completion of the technical process.
The company emphasized that only deposit and withdrawal transactions on the Cardano network will be affected during the network upgrade. ADA trading on Binance Spot, Margin, and other markets will continue uninterrupted. Therefore, users will be able to continue conducting Cardano transactions within the exchange throughout the upgrade process.
Binance also announced that deposit and withdrawal services will be reactivated once the Cardano network is confirmed to be operating stably following the completion of the network upgrade. It was also stated that no further announcements will be made regarding this process, and services will automatically return to normal.
Experts state that these maintenance and upgrade processes do not affect user balances, only temporarily suspending on-chain transfers. Once the technical work on the Cardano network is complete, Binance users will be able to resume ADA deposits and withdrawals without needing to take any additional action.
*This is not investment advice.
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Moderate Gains, Not a BreakoutTwo of the most widely used AI models, Claude and Grok, both point to modest upside for Shiba Inu ($SHIB) by the end of 2026, rather than the kind of explosive rally that propelled the token to prominence in 2021. The consensus view is cautious: the conditions for a major breakout are not yet in place.
Both models identify SHIB's large and active community, often called the Shib Army, as the token's most durable asset. Community strength contributes to visibility, drives social media trends, and influences market sentiment. However, it is not enough to move price on its own in the current environment.
Claude flags slowing network activity, limited token burns, and resistance near current price levels as the key headwinds. On the burn side, the data supports that concern. Although burn activity has shown periodic spikes in 2026, it remains only a tiny fraction of SHIB's circulating supply of around 589 trillion tokens. Even outsized single-day burns equate to a negligible share of supply. Burning is a long-term deflationary tool, not a near-term price lever.
Shibarium Adoption Remains the Missing PieceGrok points to ecosystem execution as the other critical variable, and the on-chain picture for Shibarium is mixed. The network has recorded more than 1.56 billion total transactions, yet daily activity had fallen below 2,000 transactions for much of early July before a brief recovery. DEX trading volume on Shibarium recorded zero activity from June 23 through the end of the month, rising to just $275 on July 10 before retreating. Total value locked remains well below the billions locked on competing Layer 2 networks such as Arbitrum and Base.
As the market matures, meme coin price trajectories like SHIB increasingly depend on fundamentals, including Shibarium adoption, total value locked, burn rate, and DeFi integration, rather than social hype. Until those metrics improve meaningfully, there is little technical justification for a sharp move higher.
Both Claude and Grok agree that macro forces will ultimately set the tone. SHIB's price closely tracks the broader cryptocurrency market, and Bitcoin's performance in particular. A sustained meme coin rotation, driven by Bitcoin strength, would be the most likely catalyst for meaningful outperformance. Without it, SHIB appears rangebound for now.
This article reflects AI-generated forecasts and third-party analyst views. It does not constitute financial advice. Crypto assets are highly volatile and speculative.
Sources
The Crypto Basic: Shiba Inu Burn Rate Surges 55% With 39,320,000 SHIB Destroyed
The Crypto Basic: Shibarium DEX Trading Volume Surges Over 1,500% as Network Activity Rebounds
Benzinga: Shiba Inu Price Predictions 2026
A long-dormant Bitcoin whale has resurfaced after eight years, moving 5,908 BTC worth about $382.67 million to a new wallet.
Blockchain tracker Lookonchain called attention to the movement on X. Notably, the wallet had been inactive since receiving the coins in 2018, when the holdings were worth roughly $99.64 million. At the time, Bitcoin traded at around $16,865, with the bear market still in its early stages.
Eight-Year Hold Still Earns $283M Interestingly, the investor is moving the coins during another bear market. Despite doing so, the investor is still sitting on an estimated $283 million profit.
At Bitcoin’s current price of around $64,700, the 5,908 BTC is worth approximately $382.67 million. The stash has nearly quadrupled in value since it was acquired.
Meanwhile, the transfer has drawn attention because Bitcoin is trading about 49% below its 2025 all-time high.
Source: Arkham How Much Profit Was Missed? If the investor had sold at Bitcoin’s 2025 peak of $126,200, the 5,908 BTC would have been worth about $745.6 million.
At that price, the investor’s portfolio would have been worth approximately $745.6 million. Accordingly, the total profit would have reached around $645.95 million, representing a 648% return on investment after nearly a decade of holding.
Compared with its current value, the wallet is worth about $362.9 million less than it would have been at the peak. In other words, the investor missed out on that amount in unrealized gains by not selling earlier.
Source: Arkham Early Bitcoin Holders Remain Well Ahead The transfer highlights how profitable early Bitcoin investors remain despite the market downturn. Even after Bitcoin’s 50% decline from its record high, those who accumulated the asset before its major bull runs are still sitting on significant gains.
Meanwhile, with the bear market approaching one year, market watchers are looking for signs that the downturn is ending. In a post on X, market commentator Seth said selling Bitcoin now is “a crime”. He argued that “only poor people” sell after a 54% correction and $100 billion in liquidations.
The comment suggests that Bitcoin’s downside risk is now lower than its upside potential, given how much the asset has already declined.
Healthy Buying Signals CryptoQuant analyst TopNotchYJ recently said Bitcoin’s on-chain data suggests the market is entering a healthy accumulation phase, with investors steadily buying despite risks from elevated leverage.
He said Bitcoin has transitioned from the speculative bull market of 2025 into a “structural consolidation phase,” with institutions increasingly driving demand. Key indicators, including a stable SOPR near 1.0 and declining exchange reserves, suggest balanced trading activity and growing long-term accumulation.
Bitcoin is also seeing more BTC move into ETFs and institutional custody, reducing the amount of supply held on exchanges.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Bitcoin slipped below $63,000 on Friday as renewed U.S. military action against Iran added to a broader retreat from risk assets.
Summary
Bitcoin fell below $63,000 as renewed U.S.-Iran fighting and wider risk-off sentiment pressured markets Friday. U.S. spot Bitcoin ETFs added $79.15 million Thursday, providing limited support during renewed geopolitical selling. Technical levels place $65,000 as resistance while losing $62,200 could expose Bitcoin’s lower trading range. According to crypto.news market data, BTC traded near $62,777, down 2.19% over 24 hours, after moving between $62,705 and $64,753.
The decline extended BTC’s pullback after sellers rejected prices near $65,000 earlier in the week. Asian equity markets also fell sharply on Friday, although a major selloff in technology and semiconductor stocks was a central driver of the broader market weakness. The MSCI Asia-Pacific index dropped 2.7%, while Japan and Taiwan recorded heavier losses.
Meanwhile, geopolitical pressure increased after the U.S. carried out another wave of strikes against Iran. The latest attacks targeted infrastructure and military-linked sites in southern Iran, including bridges and facilities near key ports. Iran also continued retaliatory attacks across parts of the Gulf region.
Fresh tension between Washington and Beijing added another source of uncertainty. President Donald Trump released intelligence and alleged Chinese interference connected to the 2020 U.S. election.
China denied the allegations, while previous U.S. intelligence assessments found no evidence that Beijing changed the election result. Markets are also watching whether the dispute affects Trump’s planned September meeting with Chinese President Xi Jinping.
Bitcoin traders watch $62,200 support and $65,000 resistance Despite the latest decline, institutional flows offered some support. According to the SoSoValue figures provided for the July 16 session, U.S. spot Bitcoin ETFs recorded $79.15 million in net inflows, led by BlackRock’s IBIT with $33.44 million.
Source: SoSoValue The inflows follow a period of uneven institutional demand. Bitcoin recently faced pressure from rising oil prices and renewed U.S.-Iran tensions while traders watched support around $62,000. That analysis identified resistance between roughly $63,100 and $64,700.
The latest technical setup remains mixed. The chart data provided for this report showed BTC below its nine-day simple moving average near $63,765, while the relative strength index stood at 47.74. That places momentum slightly below neutral without showing deeply oversold conditions.
Bitcoin (BTC) price chart, source: crypto.news Bitcoin has also remained inside the broader $60,000–$65,000 range for more than a month. A sustained recovery above $64,000 and $65,000 would improve the short-term structure. However, another rejection from that area could keep the cryptocurrency locked inside its current consolidation range.
Analysts highlight key resistance and support levels Crypto analyst Michaël van de Poppe said BTC’s broader setup remains constructive despite the latest correction. In his view, a clear breakthrough above $65,000 could open the way for stronger upside momentum.
Nothing changed on $BTC.
It's looking great for upside momentum from here, even despite the recent correction.
Clear breakthrough above $65K, and we're still going to see a strong run. pic.twitter.com/tT6YAakMsI
— Michaël van de Poppe (@CryptoMichNL) July 16, 2026 Meanwhile, Ardi identified the $63,300–$63,800 region as an important trendline area and placed horizontal support near $62,200. He warned that losing both areas could signal that the current relief rally has ended.
Ali Charts offered a longer-term view based on Bitcoin’s previous market cycles. He noted that BTC has historically formed major bottoms about 12 months after major market peaks. If that pattern repeats, he said the next major bottom could emerge around October. However, historical cycles do not guarantee that Bitcoin will follow the same timeline again.
Historically, Bitcoin $BTC has bottomed roughly 12 months after each major market top.
If that pattern holds, the next market bottom could form around October. pic.twitter.com/8oHc0jaUzs
— Ali Charts (@alicharts) July 17, 2026 In addition, Crypflow also pointed to Bitcoin’s two-week MACD as a potential confirmation signal. The analyst noted that during the 2018 and 2022 bear markets, BTC had already reached its cycle bottom before the two-week MACD produced a bullish crossover. Based on that pattern, a future crossover could confirm an existing bottom rather than identify it in advance.
The asset is also moving through a large options settlement. As crypto.news reported earlier Friday, around $1.2 billion in BTC options expired with maximum pain near $63,000. The expiry came as Bitcoin remained inside the $60,000–$65,000 range that has contained price action for more than a month.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
JPMorgan has pointed to two developing signals as reasons for cautious optimism on $BTC: a growing cash buffer at Strategy and resilient institutional demand in Bitcoin futures markets.
Strategy's Cash Reserve Eases Forced-Sale Fears Strategy has increased its dollar reserves to $3 billion, enough to cover roughly 20 months of preferred dividend payments. That build-up matters to Bitcoin investors because it reduces the perceived risk that the company might need to liquidate part of its Bitcoin holdings to meet financial obligations.
JPMorgan analysts had previously said Strategy could ease concerns about potentially having to sell Bitcoin in the future to fund preferred dividend payments by rebuilding reserves to cover two to three years of dividends. The analysts now said it is difficult to determine whether the cash buildup has directly improved sentiment among Bitcoin investors. Even so, the bank's tone has shifted in a more positive direction.
Strategy currently holds 843,775 BTC and plans to use future capital raises for additional Bitcoin purchases and further reserve expansion.
Futures Demand Stays Firm Despite ETF Volatility Strategy's recently boosted cash reserves and positive flows into Bitcoin futures are "encouraging signs" for the Bitcoin outlook, even as spot Bitcoin ETF flows remain volatile, according to JPMorgan analysts led by managing director Nikolaos Panigirtzoglou in a Wednesday report. Spot Bitcoin ETF flows have been erratic in recent weeks, with inflows one week followed by outflows the next.
The positive flow momentum was visible in both Chicago Mercantile Exchange Bitcoin futures and perpetual futures, which the analysts said tend to be driven more by institutional investors than retail traders.
By contrast, flows into leveraged ETFs tied to Strategy have remained steadier and positive over the past seven weeks, the analysts noted.
Taken together, JPMorgan's assessment suggests that institutional confidence in Bitcoin remains intact at the derivatives level, even if the spot ETF market has shown inconsistency. For now, Strategy's stronger liquidity position and the durability of futures demand appear to be the two factors keeping the bank's Bitcoin outlook constructive.
Sources:
The Block: JPMorgan says bitcoin outlook sees 'encouraging sign' as Strategy boosts cash reserves
Crypto.news: JPMorgan sees Strategy cash buildup as positive for Bitcoin outlook
Bitcoin Japan has secured plans to raise approximately 9.66 billion yen (approx $59.5 million), with 662 million yen (approx $4.08 million) earmarked for its first Bitcoin treasury allocation since adopting its new corporate identity.
Summary
Bitcoin Japan has planned a 9.66 billion yen fundraising, with 662 million yen allocated for its first Bitcoin purchases. Most of the proceeds will go toward private equity, rare earth mining, and Robot as a Service investments, while Bitcoin receives about 7% of the total. The funding follows an earlier capital raise that failed to finance its Bitcoin treasury strategy after falling short of its fundraising target. Japanese crypto news outlet CoinPost reported that Tokyo Stock Exchange-listed Bitcoin Japan, formerly Horita Marusho, will issue 1.5 billion yen in unsecured convertible bonds with stock acquisition rights alongside a second series of stock acquisition rights through Cayman Islands-based investment fund EVO FUND.
If the securities are fully exercised, the company expects net proceeds of about 9.657 billion yen.
Bitcoin receives 7% of planned fundraising Company filings cited by CoinPost show that Bitcoin purchases will receive 662 million yen, or about 7% of the planned financing. The largest share, 3.756 billion yen, has been set aside for undisclosed private equity investments, followed by 3.503 billion yen for rare earth mining projects in South Africa and 1.446 billion yen for investments in a Robot-as-a-Service (RaaS) business. Another 290 million yen has been allocated for working capital.
Convertible bonds allow investors to exchange debt for company shares at a predetermined price. CoinPost noted that the structure can reduce immediate pressure on the share price by spreading conversions over time, although the company remains responsible for repayment if the bonds are not converted.
Bitcoin Japan changed its name from Horita Marusho in 2024 and announced plans to transition from a textile trading business into a digital asset treasury company centered on Bitcoin and AI infrastructure. Even so, the company has yet to acquire any Bitcoin.
The latest allocation follows an earlier fundraising effort that fell short of expectations. Company disclosures previously showed that Bitcoin Japan planned to raise as much as 5.715 billion yen in December 2025, including 988 million yen for a Bitcoin treasury strategy. Weak share price performance limited investor participation, reducing the total amount raised to 3.095 billion yen and leaving no funds available for Bitcoin purchases.
Current filings state that the newly allocated Bitcoin funds will be deployed selectively depending on market conditions. The company has not disclosed a purchase timeline, targeted Bitcoin holdings, or performance metrics, although it continues to describe Bitcoin as a long-term hedge against the erosion of fiat currency value.
Financing comes after technology investment push The fundraising follows Bitcoin Japan’s recent expansion into technology investments beyond digital assets.
In May, the company disclosed an investment in SpaceX through its wholly owned U.S. subsidiary, BTCJPN US LLC, using a U.S.-based private secondary market transaction. At the time, Bitcoin Japan said it was targeting sectors including AI compute infrastructure, satellite communications, digital assets, and next-generation technologies as part of its long-term investment strategy.
The latest financing could also substantially increase the company’s share count. According to documents cited by CoinPost, full conversion of the convertible bonds and exercise of all stock acquisition rights at the minimum price would result in dilution of up to 110%, or 115% on a voting rights basis.
Because the transaction qualifies as a large third-party allotment under Japanese rules, the company obtained an opinion from an independent committee consisting of outside legal experts, which concluded that the financing was necessary and reasonable.
Financial results released by the company showed consolidated revenue of 2.959 billion yen and an operating loss of 462 million yen for the fiscal year ending March 2026, extending its streak of operating losses to eight consecutive years. Against that backdrop, the planned Bitcoin allocation represents the company’s first funded step toward executing the treasury strategy it announced after its rebranding.
Ordinals Advocate Proposes Alternative Bitcoin ClientLeonidas (@LeonidasNFT), the prominent Bitcoin Ordinals and Runes advocate behind the $DOG community, has proposed a new open-source Bitcoin client called $DOG Mode. The initiative is designed to relax transaction relay policies that Leonidas argues have long constrained Ordinals and Runes users on the Bitcoin network.
At the centre of the proposal is Bitcoin's dust limit, the minimum output size a node will relay. Currently, that floor sits at between 294 and 546 satoshis for standard transactions. Ordinals, which embed images and text directly into Bitcoin transactions, and Runes, which issue fungible tokens on Bitcoin, must pad their outputs with extra bitcoin just to clear that threshold. Leonidas says removing the floor would release an estimated $25 million in padding back to those ecosystems.
What DOG Mode Would Change, and What It Would Not$DOG Mode would make two key changes to Bitcoin Core's relay policy. First, it would cut the dust limit from its current range down to a single satoshi. Second, it would raise the maximum standard transaction size from 400,000 weight units to 3.9 million, meaning nodes running the client could relay transactions filling nearly an entire block, up from roughly one-tenth of one.
Crucially, the proposal does not touch Bitcoin's consensus rules, the layer that defines what makes a block valid and that would require broad miner agreement to change. Relay policy is separate and softer, governing only what an individual node chooses to forward to its peers. Because $DOG Mode operates at that layer, it requires no fork and no miner vote. Leonidas has said the goal is to attract enough users to the new client that Bitcoin Core would eventually have to loosen its own defaults.
The announcement arrives as BIP-110, a competing proposal that would restrict non-financial data on Bitcoin through a consensus change, has stalled with effectively no miner backing. Unlike BIP-110, $DOG Mode needs only one miner willing to include such transactions to be functional in practice. The client currently exists as an announced initiative and does not yet have published code.
Sources:
CoinDesk: Bitcoin's Anti-Spam Fight Gets a DOG Mode Reply
CoinTelegraph: Ordinals Advocate Proposes New Bitcoin Client DOG Mode
The inexorable advance of cutting-edge quantum computing poses an existential threat to blockchain security, forcing the ecosystem to revise its cryptographic foundations. Preserving inactive Bitcoin wallets against machines capable of breaking private keys is a critical priority. On July 16, Project Eleven unveiled a post-quantum cryptographic proof proposal to address the “Q-Day” challenge. By replacing signature validation with lineage verification, this protocol offers an unexpected safety net.
In Brief Quantum computing threatens to break Bitcoin cryptography, making classic signatures unusable to prove wallet ownership. While active users will migrate easily, about 7 million bitcoins lie dormant in addresses vulnerable to quantum hacking. Developed with the Binius system, this new protocol allows proving wallet ownership via its parent key (the seed phrase) without ever revealing it. This method offers an unprecedented safety net to recover lost funds, even after private key compromise. The Predicted Collapse of Classic Signatures at Q-Day The current security of the Bitcoin network relies on elliptic curve cryptography (ECC), a shield that the arrival of quantum computers will break at “Q-Day”. The major problem lies in the absolute impossibility of authenticating the true wallet owner once private keys are compromised.
Alex Pruden, CEO of Project Eleven, summarizes this deadlock: “how do you prove you still own a wallet after a quantum computer has forged its signatures? After Q-Day, once a quantum computer can derive an ECC private key from its public key, a valid signature no longer proves ownership. Both the quantum adversary and the legitimate owner can produce identical signatures”.
This major vulnerability creates several critical risks for the network :
Cryptographic identity theft : a hacker equipped with quantum power can calculate the private key from an exposed public key to generate valid signatures ; The pillaging of dormant accounts : if active users migrated in time to new addresses, millions of inactive wallets without human intervention would become easy prey, threatening the network’s economic stability. Project Eleven’s Protocol To bypass this major vulnerability, Project Eleven introduces a method based on the wallet key derivation path. Instead of using the final private key to sign, the protocol allows users to prove they hold the parent key, or recovery phrase, without ever revealing it.
As Alex Pruden explains: “thus, even after Q-Day, a hacker who has broken the private key of your address does not hold, and cannot calculate, the recovery phrase from which it was derived. Proving that you know this parent key, without revealing it, is something only the true owner can do”.
This implementation was developed with Jim Posen, lead contributor to the open-source zero-knowledge proof system Binius, optimized to accelerate hashing operations. Funded by Project Eleven, this work builds on the concept of “signature lifting” theorized by Alon Sattath and Robert Wyborski. By moving the proof to the parent key level, this technology offers a unique fallback solution for accounts that could not be transferred to resistant standards.
The Race for Integration and Consensus Obstacles The urgency to act is accelerating as risks become clearer. In June, Coinbase’s quantum advisory board warned that 7 million bitcoins risk being lost without a post-quantum transition. This proposal arises amid technical and political mobilization? In February 2026, the BIP-360 proposal entered formal review, followed in March by a testnet from BTQ Technologies, while U.S. President Donald Trump signed decrees to accelerate the federal transition to post-quantum cryptography.
However, implementing this proof faces the challenge of community consensus. Project Eleven’s prototype remains unaudited and requires a Bitcoin protocol upgrade. Pruden admits awareness limits: “even though I would like the whole world to take a quantum migration plan seriously, the reality is some crypto wallets will miss the boat. This gives them a fallback solution: proving ownership by derivation, not by signature, even after the window closes”.
Ultimately, although Project Eleven’s technological solution offers an ingenious rescue perspective for orphaned wallets, it illustrates the complexity of adapting a decentralized network to the quantum era. Future implications of this debate will force the community to arbitrate between historical immutability and the necessary integration of emergency recovery protocols. Bitcoin’s long-term future will depend on this delicate compromise between mathematical rigor and survival pragmatism.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Bitcoin Japan, a company listed on the Japanese stock exchange that recently changed its name from Hota Marusho, is preparing to add Bitcoin (BTC) to its balance sheet following a capital increase. The company announced that it raised approximately 9.657 billion Japanese yen, or about $60.3 million, through the issuance of convertible bonds and new share purchase rights (warrants).
According to the company’s announcement, approximately 662 million yen ($4.1 million) of the funds raised will be used directly for Bitcoin purchases. This amount represents about 7% of the total funds collected. This marks Bitcoin Japan’s first actual Bitcoin investment for its institutional treasury since its name change.
Management stated that the Bitcoin investment is a crucial part of the company’s long-term financial strategy, noting the increasing presence of digital assets on corporate balance sheets. In recent years, many publicly traded companies, particularly in Japan and the US, have begun to consider Bitcoin as a treasury asset for purposes such as hedging against inflation, diversifying reserves, and long-term store of value.
Bitcoin Japan’s decision is seen as one of the latest developments indicating that institutional Bitcoin adoption is gaining momentum in Asia. The company plans to use the remaining funds raised through the capital increase to expand its operations, strengthen working capital, and finance strategic investments.
Market analysts say that publicly traded companies starting to build Bitcoin reserves shows that institutional confidence in digital assets continues. According to experts, Bitcoin Japan’s first BTC purchase is not only a step consistent with the company’s new corporate identity, but also reveals the increasing interest in digital assets in Japanese capital markets. It is predicted that similar strategies may be adopted by other Japanese companies in the coming period.
*This is not investment advice.
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The Islamic Revolutionary Guard Corps launched another round of missile strikes on US military aircraft stationed at Azraq Air Base in Jordan on July 15, marking the sixth wave of what Iran has branded Operation Nasr 2. The targets included aircraft shelters housing F-15, F-16, and F-35 fighter jets, plus facilities supporting MQ-9 Reaper drones.
Jordan’s air defense forces intercepted most of the incoming missiles, with Jordanian authorities reporting no confirmed casualties or structural damage.
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What’s actually happening on the ground The IRGC framed the July 15 operation as retaliation for prior US strikes on Iranian targets, a pattern that has defined the conflict’s rhythm since hostilities escalated in February 2026. Azraq Air Base sits in northeastern Jordan and serves as a critical hub for US air operations in the region. Through June and July, both the frequency and intensity of these strike waves have increased.
How markets are reading the conflict Oil moved first and fastest. Prices jumped nearly 4% in the immediate aftermath of the July 15 intercepts.
Bitcoin’s reaction was more nuanced. The asset has been trading in a range between $62,600 and $64,700 around mid-July.
The crypto-specific angle worth watching involves sanctions infrastructure. Iran has historically used crypto as a mechanism to move value outside the reach of US financial sanctions. Exchanges operating in the US face heightened pressure to demonstrate sanctions compliance, which can affect liquidity and onboarding for certain asset types.
On the macro side, a sustained oil price increase of the kind we’re seeing would feed directly into inflation expectations. Higher energy costs pressure central banks to keep rates elevated longer, which historically has been a headwind for risk assets including Bitcoin.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (BTC) has been counting down to its next bottom for nearly two months, a classic onchain metric suggests.
Key points:
BTC supply in loss passed 50% for the first time this bear market in early June.In previous bear markets, that event sparked a countdown to a new BTC price macro bottom.Separate data hints that the bull market’s “emotional premium” has now gone.Supply in loss countdown already Bitcoin’s second-longestIn its H1 2026 Round-Up report, crypto research company K33 Research flagged more than 50% of the BTC supply now being held at a loss.
A typical bear-market feature, supply in loss has become a yardstick for progress toward macro bottoms for BTC/USD.
K33 data shows that once supply in loss passes the 50% mark, the bottom has come no more than 101 days later. Bear markets have provided various time frames, with the shortest bottom “window” lasting just 13 days in 2022.
The 2018 bear market required 23 days to reach its floor, while in 2014, Bitcoin continued to decline for 101 days after the 50% supply-in-loss mark was hit.
In 2026, supply in loss repeated standard bear-market behavior, crossing 50% on June 5. Since then, 42 days have elapsed, making this year’s bottom window Bitcoin’s second-longest ever.
BTC supply in loss and days until bear-market bottom (screenshot). Source: K33 Research
In accompanying commentary, K33 observed that returns over the year following the phenomenon “tend to be very solid.”
Earlier this month, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, estimated that supply in loss was around two months away from levels that correspond to bear-market bottoms.
CryptoQuant data puts supply in loss at 46% as of July 17.
“Distribution of capital” teases silver liningContinuing, CryptoQuant eyed what it described as “rare” readings from Bitcoin investor cost-basis models.
The realized cap variance (RCV) model, which measures the difference between realized cap and market cap, currently sits in the bottom six percent of its historical range.
“Instead of tracking price alone, it isolates the variance between realized cap and market cap relative to its own rolling history, capturing how stretched or compressed investor cost basis has become versus current valuation,” contributor Crazzyblockk explained in a QuickTake blog post on Thursday.
“When that variance compresses into deeply negative z-score territory, the emotional premium built during rallies has largely been priced out. The metric doesn’t read narrative, it reads the distribution of capital.”Bitcoin RCV data (screenshot). Source: CryptoQuant
At -2.35, standardized RCV’s Z-score is once again pointing to the final stages of the Bitcoin bear market.
“Every prior stretch where the model spent extended time below a -2.0 z-score, late 2018, mid-2022, early 2015, preceded forward twelve-month returns north of 75%,” the post noted.
“The most extreme reading in this dataset, -4.68 in November 2018, landed almost exactly on Bitcoin’s cycle bottom near $3,792.”This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Bitcoin (BTC) has been counting down to its next bottom for nearly two months, a classic onchain metric suggests.
Key points:
BTC supply in loss passed 50% for the first time this bear market in early June.In previous bear markets, that event sparked a countdown to a new BTC price macro bottom.Separate data hints that the bull market’s “emotional premium” has now gone.Supply in loss countdown already Bitcoin’s second-longestIn its H1 2026 Round-Up report, crypto research company K33 Research flagged more than 50% of the BTC supply now being held at a loss.
A typical bear-market feature, supply in loss has become a yardstick for progress toward macro bottoms for BTC/USD.
K33 data shows that once supply in loss passes the 50% mark, the bottom has come no more than 101 days later. Bear markets have provided various time frames, with the shortest bottom “window” lasting just 13 days in 2022.
The 2018 bear market required 23 days to reach its floor, while in 2014, Bitcoin continued to decline for 101 days after the 50% supply-in-loss mark was hit.
In 2026, supply in loss repeated standard bear-market behavior, crossing 50% on June 5. Since then, 42 days have elapsed, making this year’s bottom window Bitcoin’s second-longest ever.
BTC supply in loss and days until bear-market bottom (screenshot). Source: K33 Research
In accompanying commentary, K33 observed that returns over the year following the phenomenon “tend to be very solid.”
Earlier this month, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, estimated that supply in loss was around two months away from levels that correspond to bear-market bottoms.
CryptoQuant data puts supply in loss at 46% as of July 17.
“Distribution of capital” teases silver liningContinuing, CryptoQuant eyed what it described as “rare” readings from Bitcoin investor cost-basis models.
The realized cap variance (RCV) model, which measures the difference between realized cap and market cap, currently sits in the bottom six percent of its historical range.
“Instead of tracking price alone, it isolates the variance between realized cap and market cap relative to its own rolling history, capturing how stretched or compressed investor cost basis has become versus current valuation,” contributor Crazzyblockk explained in a QuickTake blog post on Thursday.
“When that variance compresses into deeply negative z-score territory, the emotional premium built during rallies has largely been priced out. The metric doesn’t read narrative, it reads the distribution of capital.”Bitcoin RCV data (screenshot). Source: CryptoQuant
At -2.35, standardized RCV’s Z-score is once again pointing to the final stages of the Bitcoin bear market.
“Every prior stretch where the model spent extended time below a -2.0 z-score, late 2018, mid-2022, early 2015, preceded forward twelve-month returns north of 75%,” the post noted.
“The most extreme reading in this dataset, -4.68 in November 2018, landed almost exactly on Bitcoin’s cycle bottom near $3,792.”This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The countdown to a potential Bitcoin market bottom is nearing 50 days since the supply in loss metric surpassed the 50% mark. This development, first reported by Cointelegraph, highlights a significant threshold that has historically aligned with the bottom of previous Bitcoin bear markets. The metric reached this level around mid-June 2026 when Bitcoin prices ranged between $61,000 and $66,500, which traditionally suggests potential seller exhaustion. Despite these historical parallels, some analysts caution that the lack of realized capitulation suggests the market bottom may not have fully materialized, indicating a period of possible continued volatility.
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Key Takeaways Market data suggests the Bitcoin supply in loss surpassing 50% appears consistent with potential market bottom scenarios. Historical patterns indicate this metric level often coincides with Bitcoin bear market lows, potentially reflecting seller exhaustion. Current market pricing implies confidence in Bitcoin maintaining prices above key thresholds, with a 99.8% probability of staying above $60,000. What to Watch Watch for further market movements that could solidify or challenge the current pricing confidence. Developments such as ETF inflows, Federal Reserve rate decisions, or significant changes in on-chain data could impact sentiment. Analysts will be particularly attentive to any signs of realized capitulation or shifts in economic indicators that may indicate changes in Bitcoin’s price trajectory.
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Term Structure
Contract Odds Δ since publish Volume 24h July 17 2026 99.8% — — View market → July 17 2026 93.1% — — View market → July 17 2026 0.4% — — View market → July 17 2026 0.1% — — View market → July 17 2026 0.1% — — View market → July 17 2026 7.4% — — View market → July 17 2026 99.9% — — View market → July 17 2026 99.9% — — View market → July 17 2026 99.9% — — View market →
President Trump delivered a primetime address to the nation on July 16, 2026, mixing an economic progress report with a lengthy, controversial announcement about declassified intelligence tied to elections.
Trump opened by touting economic gains under his administration. “Our country is safer, stronger, and far wealthier than it has ever been before,” he said, contrasting it with what he called “the worst inflation in 48 years” at the start of his term.
He cited a recent inflation reading: “This week it was announced that inflation saw the largest monthly decline in more than 6 years.” He also pointed to stock market highs, tax provisions in his “Big Beautiful Bill” eliminating taxes on tips, overtime, and Social Security, and a drug pricing initiative he calls “Most Favored Nations.” “Drug prices are coming down by 70, 80, and 90%,” he said.
Declassifying Election Intelligence
The core of the speech centered on a set of documents Trump said his administration would begin releasing that night. “I’m announcing the immediate declassification and release of critical intelligence revealing shocking vulnerabilities in our election infrastructure,” he said.
Trump claimed the documents show China “carried out what is believed to be the largest compromise of election data in history,” alleging the country acquired 220 million U.S. voter files. He also alleged that intelligence officials suppressed this information from him and Congress, saying one internal email described efforts to “deliberately massage daily briefings to withhold Chinese briefings regarding the election.”
This claim arrives after federal investigators previously concluded foreign interference had no practical impact on the 2020 election’s outcome, and numerous state audits found no evidence supporting the broader fraud claims Trump has made since his 2020 loss.
Trump also referenced a Department of Homeland Security review he said identified “approximately 278,000 noncitizens who are registered to vote in federal elections,” and alleged a fraudulent voter registration operation in Michigan tied to a 2020 FBI investigation.
Targeting the Media
Trump criticized NBC and ABC for declining to air the speech. “In a rare move, NBC and ABC fake news have both said that they would not cover this speech,” he said, adding, “Fraud like this should mean a revocation of their licenses.”
The Push for the Save America Act
Trump closed by calling on Congress to pass the Save America Act, which would require photo voter ID and proof of citizenship for voter registration, and would largely eliminate mail-in ballots except for cases involving illness, disability, military deployment, or travel.
“This landmark bill requires all voters must show a photo voter ID,” he said, urging Americans to “pick up your phone tomorrow, call your representatives in the House and Senate, and demand they pass the Save America Act without delay.”
Crypto Markets Slip During the Speech
The crypto market pulled back, with total market capitalization falling 1.41% to $2.19 trillion. Bitcoin held relatively steady near $63,450, down 1.95% on the day, while altcoins took a harder hit. Ethereum slipped toward $1,848, XRP fell to $1.08, and Solana dropped to $75, each down roughly 2% to 3%. The Fear and Greed Index sat at 33, still in “Fear” territory, with the Altcoin Season Index at 52 out of 100.
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XRP has entered the same macro buy warning zone as Bitcoin, a development that marks the beginning of major multi-year accumulation windows.
This rare signal has often appeared near the start of multi-year accumulation periods, and this has led many market participants to believe the current phase could present an attractive entry point if the market follows its historical cycle.
XRP Rebounds After a Deep Correction Currently, XRP trades at around $1.12 after recovering slightly from the cycle low recorded in late June. The token briefly fell to $1.01, bringing it within touching distance of the important $1 psychological support level for the first time in about 19 months.
The decline completed a massive correction that erased more than half of XRP’s value from its cycle peak of $3.6, reached during the summer of 2025. Now, XRP has entered a buy warning zone similar to the one it slipped into in 2024 before the meteoric surge.
This structure began with the major pivot low of $0.3823 formed in July 2024. From there, XRP completed a five-wave rally amid stronger trading volume and a breakout above a Fibonacci extension level, pushing toward the $3.6 all-time high in July 2025.
However, from here, XRP has continued to correct. The latest pullback still looks like a normal correction, not the start of a new bearish trend, and seems similar to the same demand zone from July 2024.
XRP Slips Into Buy Warning Zone Notably, Bitcoin has also slipped into such buy warning zone. However, the current low has not yet produced the signals that have marked every major XRP bottom in the past.
A confirmed bottom would require a one-two-three-four-five impulse within about four weeks, rising trading volume throughout the move, and a close above the key Fibonacci level. Until these signals appear, the chances that XRP has already reached its cycle bottom remain lower.
Important Price Levels Remain in Focus The first major resistance level sits near the 0.382 Fibonacci retracement at about $1.18. Above that, the 20-period exponential moving average stands near $1.22, a level that has stopped every recent recovery attempt.
On-chain cost basis data also points to these areas as major resistance. About 22.8 million XRP sits between $1.18 and $1.19, while another 27.4 million XRP is concentrated between $1.21 and $1.22. That supply could make it more difficult for buyers to push prices higher.
Support remains just as important. XRP continues to hold above the $1 level, but a clear move below that price could open the door to a decline toward $0.80.
If the token falls below the 0.5 Fibonacci level near $1.02, attention could shift to the 0.618 Fibonacci level around $0.87. This area aligns with a stronger support zone where the next major market bottom could develop.
What Comes Next for XRP? Although XRP has entered the same macro buy warning zone as Bitcoin, the market still needs stronger confirmation before calling a major bottom. Traders should watch for rising trading volume, a breakout above the key Fibonacci level, and a complete five-wave impulse forming within about four weeks from the cycle low.
Every major XRP bottom has shown this combination of signals. Notably, analysts such as Casi and EGRAG Crypto still believe XRP could make one more lower low before the correction ends.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP rally prophet DonAlt says Bitcoin is at a turning point, making $61,000 the main line in the sand.
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Prominent crypto trader DonAlt, who accurately predicted XRP's 700% rally in 2024–2025, has returned with a technical analysis of the Bitcoin chart for mid-summer 2026. According to his assessment, the leading cryptocurrency has reached a turning point in its medium-term cycle, and its next move depends entirely on buyers' ability to defend a key support level.
Bitcoin is currently trading within the $62,500–$63,500 range, showing a local recovery impulse after the prolonged June decline. Nevertheless, DonAlt is urging market participants not to focus on short-term intraday fluctuations, but instead to pay attention exclusively to the monthly candle close, with the $61,000 threshold now acting as the main dividing line for the trend.
What a Drop Below $61,000 Means for BTC and XRPThe technical picture on the chart divides the end of July into two possible outcomes:
HOT Stories
Bullish case: A monthly close above $61,000 would confirm buyers' strength. A July close above this level — and the higher the better — would demonstrate that the market structure remains bullish and that the current accumulation phase could become the foundation for a new full-scale uptrend.Bearish case: A close at or below $61,000 would mean that the current price recovery should be classified as a "pity bounce" — a temporary corrective move before another wave of selling. Under this scenario, investors should prepare for a decline toward the next major strategic support zone near $45,000, which is clearly visible in Bitcoin's trading history.For XRP and the broader altcoin market, this verdict is no less important. Historically, major XRP moves have often occurred when Bitcoin was either stabilizing or rising confidently.
Bitcoin price outlook by DonAlt, Source: DonAlt via XIf BTC manages to hold above the $61,000 line and enters a consolidation phase, this could free up liquidity and create conditions for a local altcoin rally. Conversely, if Bitcoin falls toward $45,000, the prolonged decline of the market leader would drag XRP lower as well, erasing the token's attempts to consolidate near its local highs.
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Another market trigger at the end of the month will be the Federal Reserve's two-day meeting scheduled for July 28–29. The regulator's interest-rate decision and Jerome Powell's subsequent remarks will traditionally set the direction for all risk assets, including cryptocurrencies.
Bitcoin buyers need to defend the $61,000 level until the meeting outcome is announced in order to avoid a deeper correction in August.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) came under renewed selling pressure during the second half of the week after staging a modest recovery earlier in the week. BTC trades below $63,600 on Friday, while ETH slips below $1,860 after facing rejection at key resistance levels. Meanwhile, XRP continues to hold above a crucial support zone, keeping its recovery outlook intact.
Bitcoin extends correction after facing rejection from 50-day EMABitcoin price trades at $63,557 on Friday, retaining a bearish near-term bias as it holds beneath the key exponential moving averages (EMAs). BTC is capped first by a nearby horizontal resistance at $64,004, followed by the 50-day EMA at $65,039, while the 100-day and 200-day EMAs at $68,339 and $74,359 sit higher overhead, reinforcing the downside skew.
The Relative Strength Index (RSI) around 50 hints at neutral momentum, and the Moving Average Convergence Divergence (MACD) remains positive but fading, suggesting that bullish attempts are losing traction under these structural ceilings.
On the topside, immediate resistance is seen at the horizontal level of $64,004, ahead of the 50-day EMA at $65,039, which forms the next cap for any recovery attempt. Above there, the 100-day EMA at $68,339 and the 200-day EMA at $74,359 define a broader resistance band, with a more distant horizontal barrier at $84,410 marking a medium-term upside objective only if the pair can reclaim and hold above the clustered moving averages. With no nearby technical supports defined in this dataset, any pullback from current levels would leave price reliant on emerging demand rather than established chart floors.
Ethereum fails to close above the 100-day EMAEthereum price trades at $1,852 on Friday, holding above the 50-day EMA at $1,811 while still capped below the 100-day EMA at $1,943. This alignment hints at a neutral-to-bullish near-term bias, with price trying to build a base but facing a broader corrective structure under the higher EMAs at $1,943 and $2,188. The RSI at 58 stays in positive territory without being overbought, while the MACD remains above zero but is easing, suggesting that upside momentum is constructive yet not aggressive.
On the topside, immediate resistance emerges at the 100-day EMA near $1,943, followed by the horizontal barrier at $2,000, before the longer-term 200-day EMA at $2,188 reinforces a broader supply zone.
On the downside, initial support is seen at the 50-day EMA at $1,811, with a deeper structural floor only coming in at the horizontal level around $1,385. As long as ETH holds above the 50-day EMA, dips are likely to attract buying interest, but a sustained break above $1,943 would be needed to unlock a more decisive bullish phase toward the $2,000 region.
XRP support holds strongXRP trades at $1.09 on Friday, keeping a bearish near-term bias as price remains decisively below the 50-day, 100-day and 200-day EMAs at $1.15, $1.24 and $1.45, respectively. XRP remains within a broader downward channel, with spot trading above the channel top near $1.03. The RSI at 45 sits in neutral territory, while the MACD is marginally positive, hinting at modest stabilization rather than a sustained bullish reversal, with these key EMAs capping the topside.
On the downside, immediate support is clustered around the channel top at $1.03, a key level that could prevent a deeper slide in the prevailing downtrend.
On the topside, initial resistance emerges at the 50-day EMA at $1.15, followed by the 100-day EMA at $1.24 and the horizontal barrier at $1.30; above there, the 200-day EMA at $1.45 and the distant horizontal line at $1.90 define a broader supply zone that would only come into play if XRP can decisively break out of its current bearish structure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Another Friday is upon us, bringing another Bitcoin and Ethereum options expiry event as spot markets have made some progress.
Around 19,500 Bitcoin options contracts will expire on Friday, July 17, with a notional value of roughly $1.23 billion. This expiry is much smaller than usual events, so it is unlikely to have any impact on spot markets.
Crypto markets have gained later in the week following cooler-than-expected US inflation data, but have lost those gains by Friday.
Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.87, meaning that sellers of long (call) contracts and short (put) contracts are almost evenly matched. Max pain is around $62,500, which is lower than current spot prices, so some will be out of the money on expiry.
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $70,000 strike price on Deribit, with $1.6 billion, but short sellers still have $1.1 billion in OI at $60,000. Total BTC options OI across all exchanges has ticked up a little to $30 billion, according to Coinglass.
“Puts continue to trade at a premium to calls across all major tenors, although the magnitude of that premium has become increasingly uniform,” said crypto derivatives provider Greeks Live this week.
This suggests that overall, the market is less panicked about an immediate crash than before, though people still pay a bit more for “drop protection” than for “rise bets” — just not as extremely as they did recently.
“The proportion of large-scale bullish trades continued to increase this week, primarily consisting of short-term bull spreads.”
Meanwhile, Deribit said, “This floods the market with liquidity and volatility, creating prime conditions for trading short-dated options on Deribit.”
You may also like: The $65.5K Rejection: What Top Analysts Are Saying About Bitcoin’s Next Move Don’t Obsess Over Bitcoin’s Bottom as $38K Low Comes Into Focus: Analyst Crypto Social Activity Just Hit a Multi-Month Low: Why That Could Be Bullish for Bitcoin At 08:00 UTC tomorrow, ~$1.45B in BTC and ETH options are set to expire on Deribit.$BTC : ~$1.23B notional | P/C: 0.86| Max Pain: $62.5K$ETH : ~$218M notional | P/C: 1.54| Max Pain: $1.75K
This floods the market with liquidity and volatility, creating prime conditions for… pic.twitter.com/OlYg6LQsls
— Deribit (@DeribitOfficial) July 16, 2026
In addition to today’s tiny batch of Bitcoin options, around 131,000 Ethereum contracts are expiring, with a notional value of $242 million, a max pain of $1,750, and a put/call ratio of 1.5.
Total ETH options OI across all exchanges is low at around $4.8 billion. This brings the total notional value of crypto options expirations to around $1.4 billion, a very small event.
Spot Market Outlook Crypto markets bounced to a mid-week high of $2.3 trillion, but those gains had started to erode by the end of the week.
Bitcoin has fallen around 2% from its intraday high of $64,800 to $63,300 during the Friday morning Asian trading session. It appears to be heading for the weekly resistance area, which is around $62,000.
Ether has also broken down from its six-week high in an almost 4% decline to around $1,850 at the time of writing.
TL;DR U.S. spot Bitcoin ETFs attracted $79.15 million in net inflows on July 16, according to SoSoValue. BlackRock’s IBIT led all Bitcoin ETFs with $33.44 million in fresh inflows. Spot Ethereum ETFs recorded $28.04 million in total net outflows during the same trading session. Bitwise’s ETHW posted the largest single-day inflow among Ethereum ETFs at $2.28 million. U.S. spot Bitcoin exchange-traded funds (ETFs) returned to positive territory on July 16, recording $79.15 million in net inflows, even as spot Ethereum ETFs continued to face investor withdrawals. The latest data from SoSoValue shows BlackRock’s iShares Bitcoin Trust (IBIT) led Bitcoin fund inflows with $33.44 million, while Bitwise’s ETHW posted the largest inflow among Ethereum funds despite the sector finishing the day with an overall $28.04 million net outflow.
According to SoSoValue data, U.S. spot Bitcoin ETFs recorded total net inflows of USD 79.15 million on July 16, led by BlackRock’s IBIT with USD 33.44 million. Spot Ethereum ETFs posted total net outflows of USD 28.04 million, although Bitwise’s ETHW recorded the largest… pic.twitter.com/jgejDWUYgs
— Wu Blockchain (@WuBlockchain) July 17, 2026
The mixed performance underscores how institutional investors continue to favor Bitcoin exposure while remaining more cautious on Ethereum after several weeks of uneven ETF demand.
BlackRock Leads Bitcoin ETF Recovery According to SoSoValue data, the July 16 session saw Bitcoin ETFs attract fresh capital after a volatile stretch that has featured alternating days of inflows and outflows throughout July. BlackRock’s IBIT accounted for the largest share of new investments, adding $33.44 million, helping the sector finish the day with a net gain of $79.15 million.
The accompanying SoSoValue chart shows Bitcoin ETF assets standing at approximately $77.72 billion, with the daily inflow occurring as Bitcoin traded around the $64,000 mark.
Although the latest inflow is modest compared with the billion-dollar sessions seen earlier in the ETF market’s history, it suggests institutional demand has not disappeared despite recent market consolidation. Recent trading sessions have been characterized by rapidly shifting investor sentiment as macroeconomic uncertainty and crypto-specific developments continue to influence fund flows.
Ethereum ETFs Remain Under Pressure While Bitcoin products attracted fresh investment, Ethereum ETFs moved in the opposite direction despite a good market day for Ethereum the day before.
The group posted a combined $28.04 million in net outflows for the day, extending the uneven pattern that has defined Ethereum fund performance in recent weeks.
Despite the overall decline, Bitwise’s ETHW stood out by recording the day’s largest individual inflow at $2.28 million, suggesting that selective investors continue accumulating exposure even as broader sentiment toward Ethereum funds remains cautious.
The divergence between Bitcoin and Ethereum ETFs highlights how institutional capital is currently flowing unevenly across digital assets, with Bitcoin continuing to attract relatively stronger demand.
ETF Flows Remain a Closely Watched Market Indicator Spot ETF activity has become one of the crypto market’s most closely monitored indicators since the products launched, offering insight into institutional appetite for digital assets.
While one day’s inflows do not establish a long-term trend, analysts often view sustained ETF demand as a sign of growing investor confidence because these products provide regulated exposure to cryptocurrencies through traditional brokerage accounts.
BlackRock remains the world’s largest asset manager, and IBIT has consistently ranked among the most actively traded spot Bitcoin ETFs since its launch. Continued inflows into the fund are frequently interpreted as evidence that institutional participation remains resilient despite short-term price volatility.
Investors will now be watching whether the latest inflows develop into a broader recovery after weeks of fluctuating demand.
Earlier this month, Bitcoin ETFs experienced several sessions of significant outflows before returning to positive territory on multiple occasions, reflecting an increasingly volatile institutional landscape rather than a sustained buying or selling trend. Ethereum ETFs have likewise alternated between inflows and outflows, although recent sessions have generally shown weaker momentum than their Bitcoin counterparts.
After years of lagging behind Bitcoin, altcoins may finally be approaching a turning point. Several market indicators are beginning to align, with Ethereum sitting at the center of the discussion. Analysts say the next major move in the ETH/BTC chart, along with improving macro conditions, could determine whether altcoin season finally see a broader recovery.
Here are four scenarios that could shape the next altcoin season.
Scenario 1: Ethereum Finally Breaks Out Against BitcoinEthereum (ETH) has been underperforming Bitcoin since December 2021, but that trend is now approaching a critical level.
According to one market analyst:
ETH/BTC is testing long-term resistance around 0.028.Ethereum bottomed against Bitcoin in April 2025, nearly 15 months ago.A similar pattern appeared in 2019 before Ethereum broke higher in early 2021 and triggered the last major altcoin rally.Meanwhile, analyst Michaël van de Poppe noted that Ethereum has posted its first meaningful move against Bitcoin in over a year. He expects a short consolidation before another leg higher, although a strong Bitcoin rally could temporarily delay altcoin outperformance.
Great move on $ETH vs. $BTC and it's the first real upwards move in over a year.#Altcoins have suffered a lot and a ton of people will likely still have PTSD from it.
However, in the short-term, I think $ETH vs. $BTC might be consolidating and correcting for a bit.
Why?
I… pic.twitter.com/QTTrDBPiMa
— Michaël van de Poppe (@CryptoMichNL) July 16, 2026 Scenario 2: Softer Inflation Keeps Risk Assets MovingThe latest U.S. CPI report added another positive signal for crypto markets.
Recent data showed:
Core inflation posted its biggest decline in more than four years.Expectations for another Federal Reserve rate hike dropped sharply.Bitcoin, Ethereum, gold and silver all rallied following the inflation report.Lower inflation improves the chances of easier monetary policy, creating a more supportive environment for risk assets like cryptocurrencies.
Scenario 3: Liquidity Starts Supporting Crypto AgainAnother factor the analyst noted is the global liquidity.
Japan’s M2 money supply has historically led Bitcoin moves by roughly 84 days.The U.S. Dollar Index (DXY) is testing resistance, which could support additional liquidity if the dollar weakens.Improving liquidity has often coincided with stronger crypto performance in previous cycles.If those trends continue, the second half of 2026 could provide a stronger backdrop for digital assets.
Scenario 4: Altcoins Begin Catching UpBitcoin (BTC) has rallied nearly 660% from its 2022 lows, while Ethereum has only recently started reclaiming lost ground. That gap has left most altcoins well behind.
The analyst also points to improving internal market data.
Altcoins vs Bitcoin have recovered roughly 23% since December.On the top, altcoins outside the top 10 bottomed in February and have rebounded around 17%.Meanwhile, the “Others vs Bitcoin” chart is beginning to resemble Ethereum’s breakout pattern.According to the analysis, Bitcoin may still lead the market higher first, but Ethereum’s breakout against Bitcoin could ultimately determine whether crypto finally enters a full-fledged altcoin season rather than another Bitcoin-only rally.
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Key Highlights TKNZ represents T. Rowe Price’s inaugural actively managed spot cryptocurrency ETF, now trading on NYSE Arca Initial assets total approximately $15 million, distributed across Bitcoin, Ethereum, BNB, Solana, XRP, and Hyperliquid Portfolio composition features Bitcoin as the largest holding at 40.75%, while Hyperliquid comprises 6.45% Expense ratio stands at 0.75% until May 2027, subsequently increasing to 0.90% Active management strategy allows portfolio adjustments based on ongoing market analysis and research insights Baltimore-headquartered investment powerhouse T. Rowe Price, which manages $1.9 trillion in client portfolios, made its official debut in the cryptocurrency exchange-traded fund space Thursday by introducing TKNZ — positioned as the market’s inaugural actively managed multi-asset digital currency ETF.
🚨JUST IN: T. Rowe Price’s TKNZ Active Crypto ETF began trading TODAY with about $15 million in assets.
The fund debuted with about 41% allocated to BTC, 18.4% to ETH, and sizeable positions in BNB, SOL, and XRP.
Hyperliquid’s HYPE accounted for nearly 6.5% of the portfolio. https://t.co/zTh1kq8ATD pic.twitter.com/YNcMtRQbD1
— Coin Bureau (@coinbureau) July 16, 2026
Trading commenced on NYSE Arca following a nearly nine-month approval process after the company submitted its initial application in October 2025. The fund opened with roughly $15 million in starting capital.
Distinct from single-asset offerings such as standalone Bitcoin or Ethereum ETFs, TKNZ provides exposure through a diversified cryptocurrency portfolio. The initial allocation breakdown showed Bitcoin commanding 40.75%, Ethereum at 18.42%, BNB representing 11.01%, Solana accounting for 9.44%, XRP at 9.37%, and Hyperliquid comprising 6.45%.
Additional holdings feature Stellar Lumen at 3%, Dogecoin at 1.28%, along with a modest cash reserve.
Dynamic Portfolio Management Defines Strategy TKNZ’s distinguishing characteristic lies in its active management framework. Fund managers possess the flexibility to rebalance holdings according to evolving market dynamics, proprietary analysis, and risk evaluation rather than adhering to a predetermined index structure.
According to T. Rowe Price, this methodology aims to capitalize on shifting momentum patterns as capital flows between various digital assets throughout market cycles.
Blue Macellari, who has directed T. Rowe Price’s digital asset division since 2022, manages the fund with support from four additional co-portfolio managers. The organization developed proprietary digital asset trading systems and established partnerships with institutional service providers ahead of the product launch.
Bloomberg Intelligence Senior ETF analyst Eric Balchunas observed that the opening portfolio composition appeared to underweight Bitcoin while maintaining heavier positions in alternative assets, especially Hyperliquid.
Hyperliquid Allocation Generates Market Interest The 6.45% allocation to Hyperliquid has captured attention considering the token’s recent market trajectory. Hyperliquid reached a peak price around $74.50 in the previous month and presently trades near $65.60, representing approximately 38% appreciation over the trailing twelve months. Bitcoin, conversely, has declined roughly 45% during the identical timeframe.
According to fund documentation, the ETF will not implement staking for any proof-of-stake assets initially, though staking participation may be incorporated down the line.
The expense structure is set at 0.75% through May 2027 via a provisional fee waiver, before escalating to 0.90%. Detractors of actively managed investment vehicles typically cite elevated fees as a disadvantage relative to passive index alternatives.
T. Rowe Price’s entrance follows BlackRock’s recent introduction of a Bitcoin income ETF earlier this month, demonstrating that major asset management firms continue diversifying and refining their cryptocurrency product portfolios.
With nearly 90 years of asset management history, TKNZ represents T. Rowe Price’s maiden direct exposure vehicle in the digital currency sector.
Key Highlights E*TRADE now offers direct cryptocurrency trading to qualified customers for Bitcoin, Ethereum, and Solana Each transaction incurs a 50 basis point charge, processed via connected Zero Hash accounts The service expansion comes after a trial phase that started in May 2026 Digital asset holdings lack FDIC or SIPC insurance coverage Morgan Stanley continues advancing its Ether and Solana ETF applications Morgan Stanley’s E*TRADE platform has successfully launched spot cryptocurrency trading capabilities for qualified retail customers. The brokerage now enables users to purchase, sell, and store Bitcoin, Ethereum, and Solana through its interface.
JUST IN: Morgan Stanley completes crypto spot trading rollout on E*Trade
All 8.6 million clients can now buy, sell, and hold Bitcoin, Ethereum, and Solana at 50 basis points in partnership with zerohash, per Morgan Stanley. pic.twitter.com/46UBQba0jA
— Coin Bureau (@coinbureau) July 16, 2026
The offering operates via a collaboration with Zero Hash, a digital asset infrastructure company. Customer crypto holdings reside in connected Zero Hash accounts, maintaining separation from their conventional brokerage portfolios.
E*TRADE applies a 50 basis point transaction fee for each crypto trade. The platform currently serves 8.6 million household accounts and managed approximately $1.56 trillion in customer assets as of March 31, 2026.
Customers can monitor both their cryptocurrency positions and traditional investment portfolios within a unified platform interface. Withdrawal and deposit features, enabling customers to transfer digital assets to and from the platform, are scheduled for release later this year.
The cryptocurrency accounts operate without FDIC or SIPC insurance protections. Morgan Stanley explicitly highlighted this limitation in its official statement.
The platform-wide launch follows a testing period initiated in May 2026, during which the company evaluated the service with a select customer group. All qualifying E*TRADE customers now have access to the feature.
E*TRADE additionally announced that crypto operations are planned to transition to Morgan Stanley Digital Trust, its national trust banking entity currently undergoing establishment procedures with the Office of the Comptroller of the Currency.
Morgan Stanley’s Comprehensive Cryptocurrency Strategy This platform addition represents one component of Morgan Stanley’s expansive digital asset initiative. Earlier in the year, the financial institution introduced a spot Bitcoin ETF featuring a 0.14% management fee, establishing it as the most cost-effective Bitcoin ETF available in the US market upon release.
The Bitcoin ETF commenced trading on NYSE Arca, marking the inaugural spot Bitcoin ETF from a leading US commercial banking institution. The fund captured over $100 million in net capital inflows during its initial six trading sessions. Current data from SoSoValue indicates the fund has accumulated roughly $385 million in total net inflows.
In April, Morgan Stanley introduced a stablecoin reserve product. This service permits stablecoin providers to maintain their backing assets in one of the firm’s money market fund vehicles while generating yield.
During June, Morgan Stanley updated its regulatory filings for proposed spot Ether and Solana ETFs, establishing management fees at 0.14%. The banking institution initially submitted applications to list these investment products in January 2026.
The company has applied for a cryptocurrency-focused national trust bank charter through the OCC, joining other industry applicants such as Ripple, Crypto.com, and Coinbase. Circle, which issues USDC, recently secured OCC authorization to establish its own national crypto banking institution.
Morgan Stanley has also implemented non-cryptocurrency enhancements to ETRADE, incorporating fractional share trading capabilities, an upgraded retirement planning interface, and additional functionality for its Power ETRADE Pro desktop trading platform.
The integration of retail spot trading access, ETF investment vehicles, and stablecoin reserve services represents one of the most comprehensive cryptocurrency infrastructure developments from a major US banking institution to date.
According to data from Arkham Intelligence compiled by WuBlockchain, Satoshi Nakamoto’s addresses still contain roughly 1.096 million Bitcoin—worth around $71 billion at current prices—making the pseudonymous creator the single largest BTC-holding entity. The original pool of mined coins, untouched since Bitcoin’s early days, remains a silent foundation beneath a market that has since been reshaped by exchanges, funds, and government seizures.
The numbers paint a clear picture of where the actual supply now sits. Coinbase controls approximately 981,000 BTC. Michael Saylor’s Strategy (the firm previously known as MicroStrategy) holds 844,000 BTC, an accumulation driven by its corporate treasury strategy. BlackRock’s various funds—primarily through its spot Bitcoin ETF—have amassed around 732,000 BTC. Binance, the world’s largest exchange by trading volume, holds about 675,000 BTC. Then there is the U.S. government, sitting on 325,000 Bitcoin obtained largely through asset forfeitures tied to criminal investigations.
Exchanges and ETFs Become the New Base of Supply The breakdown reveals a fundamental change in Bitcoin ownership. Over a decade ago, the majority of coins were controlled by individuals and early miners. Today, a handful of centralized venues and institutional vehicles dominate the addresses with the largest balances. Coinbase and Binance alone hold more than 1.65 million BTC between them—an amount that rivals Satoshi’s estimated stash. That concentration heightens counterparty risk conversations, especially as exchanges custody customer assets in opaque ways. The rise of spot Bitcoin ETFs in the U.S. has only accelerated the trend, pushing giant volumes of bitcoin into institutional-grade custody structures managed by a few firms.
The open question is what happens if any of these large pools are forced to move funds suddenly, whether due to regulatory action, a security breach, or a strategic decision. The crypto market has seen cascades of selling pressure triggered by large exchange outflows before, but the scale here is far larger than anything witnessed during past exchange crises.
State Holdings Add a Regulatory Wildcard The U.S. government’s 325,000 BTC stake is different in kind. Unlike exchanges or investment managers, the government has no mandate to custody assets for clients; it holds them as evidence or proceeds of crime. The Department of Justice has a history of selling seized Bitcoin in batches, sometimes through auction, sometimes through open-market sales. Those sales have historically caused short-term price dislocations. As lawmakers debate the future of crypto legislation—including the landmark bill that Wall Street banks are currently attempting to kill—the massive federal Bitcoin position creates a policy contradiction. A government that debates how to regulate digital assets is also one of the largest involuntary holders of the same asset.
Other governments are beginning to face similar situations as they expand enforcement against ransomware networks and darknet markets. Germany, for example, has liquidated significant portions of its seized Bitcoin in previous cycles. How major economies decide to handle these inventories could influence market liquidity far beyond any single regulatory ruling.
The Unspoken Variable: Satoshi’s Keys No discussion of Bitcoin concentration is complete without acknowledging that Satoshi’s approximately 1.1 million BTC may never move. Wallets attributed to the creator have been dormant for over a decade, and many analysts believe the private keys are either lost or deliberately destroyed. Still, the mere existence of those coins creates a permanent uncertainty premium. Any on-chain movement from those addresses would almost certainly trigger panic selling, no matter the intent behind the transfer. The fact that the market has priced Bitcoin as a trillion-dollar asset class without substantial evidence of the creator’s activity is a testament to how deeply the “Satoshi dormancy” assumption is embedded.
The Arkham snapshot also shows that the two largest individual wallet addresses belong to Binance’s cold storage, holding approximately 249,000 BTC and 181,000 BTC respectively. These are functionally part of Binance’s aggregated holdings, but the concentration in just two addresses highlights how few points of failure exist when it comes to big exchange custody. While the blockchain remains a distributed ledger, the practical custody map looks increasingly like a traditional financial network with a small number of massive nodes.
What matters next is how these balances evolve. As ETF demand continues and exchanges compete for institutional clients, the rankings may shift further. But one thing is clear: the era of purely decentralized retail ownership has given way to a landscape where the largest Bitcoin balances reflect corporate treasuries, asset managers, and governments—a structure that carries both maturity and concentration risk in equal measure.
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Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
The culture war over what belongs on Bitcoin’s blockchain just got a new combatant. Leonidas, the well-known advocate behind the $DOG token (DOG•GO•TO•THE•MOON), launched Bitcoin $DOG Mode on July 17, positioning it as a direct counterpunch to the restrictions that Bitcoin Core and Bitcoin Knots have been tightening around non-monetary transactions.
The core move: $DOG Mode wants to raise the transaction size limit from 400,000 weight units to 3.9 million weight units. That’s nearly a tenfold increase, designed to make room for the kind of large-format transactions that Ordinals inscriptions and Runes protocol activity demand.
The block space battle, explained The tension has been building for years, but recent policy moves have ratcheted things up considerably. Bitcoin Core’s v30 release introduced changes to transaction sizes and minimum relay fees that many in the Ordinals community viewed as targeted restrictions. BIP-110, a proposal currently under discussion, would further tighten limits on OP_RETURN data, the mechanism often used to embed non-monetary information into Bitcoin transactions.
$DOG Mode is the organized response. Rather than fighting the policy battle within Bitcoin Core’s governance structure, it offers an alternative client that nodes can run. The client relaxes relay restrictions and reduces dust limits while staying within Bitcoin’s existing consensus rules. No hard fork required, no chain split threatened.
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That distinction matters. Consensus rules are what every node must agree on for the network to function. Relay policies are more like house rules at individual nodes, governing which transactions they’ll pass along to peers. $DOG Mode isn’t trying to change what’s valid on Bitcoin. It’s trying to change what gets propagated.
The $DOG Army’s track record This isn’t the first time the community around $DOG has pushed back against Core’s gatekeeping. The $DOG Army previously executed what was described as the largest Bitcoin transaction by routing it directly to miners, bypassing the relay network entirely. When your transactions are too large for the standard relay pipeline, you can simply hand them to miners who are willing to include them in blocks.
That maneuver worked, and it had consequences. The fact that miners were willing to process these oversized transactions, pocketing the fees, forced adjustments to Bitcoin Core’s own policies.
$DOG Mode aims to institutionalize that workaround. Instead of requiring users to negotiate directly with mining pools for every large transaction, the alternative client would make those transactions relay-eligible by default. The so-called “four-megger” transactions, ones that approach the full 4MB block weight limit, would flow through the network like any other.
What this means for investors For the $DOG token specifically, wider access to block space could remove a meaningful bottleneck. Current restrictions force large Runes transactions into workarounds that add friction and cost. If $DOG Mode smooths that process, it could drive higher transaction volumes and trading activity around Runes-based tokens more broadly.
The broader implications touch Bitcoin’s governance model. Bitcoin Core has long functioned as the de facto reference implementation, with its maintainers wielding outsized influence over network policy through relay defaults. The emergence of a well-funded, community-backed alternative client, one with clear economic incentives for adoption, represents a genuine challenge to that dynamic.
The risk for the broader Bitcoin ecosystem is fragmentation. If significant portions of the network run different relay policies, it could create inconsistent transaction propagation, where some transactions reach miners quickly through $DOG Mode nodes while being rejected by Core nodes. That’s not a consensus failure, but it could create a two-tier relay network with unpredictable behavior for users.
Investors watching Bitcoin miner stocks and Runes-adjacent tokens should track $DOG Mode’s node adoption metrics closely. If adoption crosses into meaningful territory, the increased flow of large-format transactions could show up in on-chain fee data within weeks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Leading cryptocurrencies fell alongside stocks on Thursday as the chip selloff and Iran tensions impacted risk appetite.
Crypto Market Breaks LowerBitcoin retreated to the $63,000 zone after consolidation, while Ethereum tumbled to an intraday low of $1,848. XRP and Dogecoin also edged lower.
More than $320 million in cryptocurrency positions were liquidated over the past 24 hours, including $276 million in bullish long positions, according to Coinglass data.
Bitcoin’s open interest fell 2.73% over the last 24 hours. That said, smart money sentiment on Binance, which refers to the collective outlook and capital allocation of institutional investors, remained “Bullish.”
Market sentiment switched from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.22 trillion, representing a slight increase of 0.14% over the last 24 hours.
Stock Market Spooked After Chip SelloffStocks sold off sharply on Thursday. The Dow Jones Industrial Average lost 105.67 points, or 0.20%, to close at 52,552.97. The S&P 500 fell 0.51% to end at 7,533.77, while the tech-heavy Nasdaq Composite shed 1.47% to settle at 25,881.95.
In other news, White House Press Secretary Karoline Leavitt said Iran “very much continues to talk” and expressed willingness to make a deal with the U.S.
Where Are BTC, ETH Headed?Michaël van de Poppe, a popular cryptocurrency commentator, maintained a bullish stance on Bitcoin, stating that despite a recent correction, it looks primed for “upside momentum.”
“Clear breakthrough above $65,000, and we’re still going to see a strong run,” Van De Poppe added.
Ali Martinez, a widely followed cryptocurrency analyst and trader, said that Ethereum has reclaimed the 0.8 Market Value to Realized Value Pricing Band as support. This key level has preceded strong rallies in the past.
“If history rhymes once again, the next key level to watch is the Realized Price at $2,24,” Martinez stated.
Photo: KateStock / Shutterstock
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Global market maker Citadel Securities has invested $400 million in crypto exchange Crypto.com, giving the platform a $20 billion valuation, according to a Thursday announcement.
Crypto.com, which has a number of digital asset products, said the cash would help the Singapore-based company expand its services to assets such as blockchain-based securities and derivatives.
The cash will help bridge the gap “between digital asset and traditional markets to create a more efficient 24/7 financial ecosystem,” a Thursday announcement read.
“The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance,” Crypto.com CEO Kris Marszalek said in a statement.
“Having built the right regulatory and tech infrastructure over the last decade, Crypto.com is now perfectly positioned to capture this new wave of growth across all asset classes.”
“The convergence of traditional financial markets and digital asset infrastructure is an exciting evolution with the potential to further improve market efficiency,” added Jim Esposito, President of Citadel Securities.
Thrilled to announce our first institutional funding round with a $400 million strategic investment from Citadel Securities valuing https://t.co/pFc4Pz8PQj at $20 billion. An incredible milestone 10 years in on our journey and the beginning of a new phase of growth. Grateful to…
— Kris (@kris) July 16, 2026 Wall Street’s interest in tokenization Esposito’s comment comes as Wall Street interest in blockchain technology piques — despite a market slump.
Back in February, BlackRock, the world’s biggest asset manager, announced that it was working with decentralised exchange Uniswap to bring one of its funds on-chain.
Before that, in January, the New York Stock Exchange said it was building a platform allowing traders to buy and sell tokenised versions of US-listed equities and exchange-traded funds.
And most recently, the S&P 500 gave crypto platform Trade[XYZ] the green light to debut a new derivative contract on decentralized exchange Hyperliquid, allowing traders to gain leveraged exposure to the top index.
Citadel’s crypto interest Miami, Florida-based Citadel, has for some time been interested in digital assets: Back in 2023, the company helped debut EDX Markets, a “first-of-its-kind exchange” giving investors “safer, faster and more efficient cryptocurrency trading.”
The exchange this year applied for a national trust bank charter with the Office of the Comptroller of the Currency, marking a step toward deeper integration between digital asset firms and the US banking system.
Citadel last year also pumped $200 million into crypto exchange Kraken to help accelerate the company’s strategy of bringing traditional financial products on-chain.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
CME Group just made it a lot easier to bet on the broader crypto market without picking individual winners. The exchange giant launched its Nasdaq CME Crypto Index futures on June 8, giving traders exposure to eight leading cryptocurrencies through a single contract.
The futures track eight tokens via the Nasdaq CME Crypto Index: BTC, ETH, SOL, XRP, ADA, LINK, BCH, and XLM. The weighting is continuous and based on market capitalization, meaning Bitcoin and Ether dominate the index while smaller tokens like Stellar contribute proportionally less. The contracts settle to the Nasdaq CME Crypto Settlement Price Index, known as NCIS. They’re financially settled, which means no actual crypto changes hands.
CME is offering two contract sizes. The standard version runs $10 per index point, while the micro contract comes in at $1 per index point.
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Why this matters for institutional crypto CME has been methodically building out its crypto derivatives menu for years. Bitcoin futures launched back in 2017. Ether futures followed. Micro versions of both came later. But all of those are single-asset products.
Giovanni Vicioso, a key executive involved in the launch, described it as a milestone in digital asset market expansion. The partnership with Nasdaq adds credibility that pure-crypto exchanges can’t easily replicate.
The launch also fits into a broader pattern at CME during the second quarter of 2026. The exchange rolled out futures for Avalanche (AVAX) and Bitcoin volatility products during the same period.
The liquidity question and what to watch There has been no significant trading volume or pricing data reported since the June 8 launch, which is entirely normal for this stage.
Eight tokens is a decent basket, but the crypto market has hundreds of liquid assets. A market-cap weighted index dominated by Bitcoin and Ether might not provide as much diversification as the marketing suggests. Depending on BTC and ETH’s combined weight, the index could behave almost identically to a simple Bitcoin-Ether blend.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (CRYPTO: BTC) has reclaimed its 200-week simple moving average after falling to an early-summer low near $57,000.
Crypto analyst Benjamin Cowen though argues the recovery does not yet signal the end of the bear market.
BTC’s “Date With Destiny“A July 2026 Bitcoin Cycle Memo by Cowen, released on July 16, explained that the current setup continues to favor a Q4 bottom, citing historical cycle patterns, on-chain data and macroeconomic conditions.
Bitcoin is trading around $64,400, roughly 45% below its October 2025 peak, after recovering from a breakdown below the 200-week SMA.
Cowen terms the reclaim as Bitcoin’s long-awaited “date with destiny” but cautioned that a similar break-and-reclaim pattern occurred in 2022 before the market eventually printed its cycle low.
Instead, the analyst believes this cycle may complete its reset through an extended period of consolidation rather than a sharp final selloff.
On-Chain Data Suggests Bottoming Process, Not ConfirmationCowen pointed to several long-term accumulation metrics that have entered historically favorable territory.
Risk indicators have fallen into zones that previously coincided with major buying opportunities, while the percentage of Bitcoin supply in profit versus loss crossed at the early-summer low. This is a condition historically associated with bottoming periods.
However, the analyst said several key indicators have yet to fully reset.
The MVRV Z-Score remains above the levels typically seen at major cycle lows, Bitcoin has not revisited its realized price near $53,000, and previous bear markets bottomed below balanced price rather than above it.
The report also highlighted weakening market breadth and slowing ETF accumulation despite Bitcoin’s recent recovery.
For July 2026 till date, BTC ETFs witnessed net outflows of $11.3 million while June saw net outflow of $4.5 billion.
What’s Next?Cowen identifies a sustained weekly move above the 50-week SMA near $86,500 as the key level that would invalidate the current bear-market thesis.
Until then, Bitcoin’s cycle low is likely “a matter of months rather than weeks away.”
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A London-listed Bitcoin company faces a shareholder rebellion@Satsuma_UK (LSE: SATS), one of the few $BTC treasury companies listed on the London Stock Exchange, is heading toward a critical shareholder vote on Monday, July 20. The decision on the table: whether to sell the company's entire Bitcoin holding and cancel its LSE listing entirely.
Satsuma Technology passed its final proxy deadline today for its proposal to sell its entire Bitcoin treasury and cancel its London Stock Exchange listing, leaving the July 20 general meeting as the next decision point. Proxy submissions closed at 2:00 p.m. on July 16, 2026.
The company held 668.48 BTC as of June 30. According to the original copy, those coins were acquired at an average price of roughly $113,000 per coin, placing the current stack more than 40% below the company's cost basis. Shares have traded at a discount to net asset value and trading in Satsuma shares was suspended on 1 July 2026 due to delays in releasing financial statements.
Board divided, 75% threshold requiredThe shareholder push originated with a sizeable bloc of investors. On 6 May 2026, the company announced it had received representations from a group of shareholders representing in excess of 20% of the issued share capital, requesting that a resolution be put to shareholders to return substantially all of the company's capital to them in cash.
The board is not united on the question. A four-director majority of the six-member board recommends rejection, while two directors support the resolutions. Satsuma Technology has clarified its board's recommendation to shareholders to vote against resolutions for a return of capital and delisting from the London Stock Exchange, correcting previous misinterpretations.
Both special resolutions require at least 75% of the votes cast and are interdependent, meaning that failure of either would block both the capital return and the delisting. If both pass, the Bitcoin is expected to be sold by early August. Approval of both resolutions would start a process to sell all its Bitcoin, return net cash, and cancel its London Stock Exchange listing.
If the vote fails, the suspension of trading is likely to persist. The board expects to publish financial statements by the end of July 2026, following which it expects trading in the company's shares to be restored. Shareholders who did not submit a proxy in time may still attend and vote in person at the July 20 meeting.
Sources:
Satsuma Technology corporate update, Investegate (RNS)
Bitcoin treasury troubles reach London, CryptoSlate
Proposed Return of Capital and Delisting, Investegate (RNS)
A long-inactive Bitcoin wallet has transferred 5,908 BTC, valued at approximately $383 million, after more than eight years of dormancy. Blockchain analytics firms Lookonchain and Arkham identified the significant movement, which has garnered attention across the cryptocurrency market for the longevity of the wallet’s inactivity and the scale of funds involved.
Historic wallet activation triggers large transferOn July 16, a legacy Bitcoin wallet, inactive since December 2017, initiated a single transaction sending its entire balance to a new address. The amount—5,908 BTC—has not yet reached any exchange deposit address, as indicated by onchain records reviewed by Arkham. Instead, the entire balance remains at the newly created recipient wallet.
Lookonchain highlighted that the wallet originally acquired its Bitcoin holdings about eight years ago when Bitcoin traded near $16,865. Since then, the value of its position has risen by $283 million, reflecting a 284% gain.
Despite the enormous appreciation, the holder opted to keep the Bitcoin untouched through dramatic market cycles, including the 2018 crash, the peak above $69,000 in 2021, the 2022 bear market, and the all-time high surpassing $122,000 in 2025.
Date AcquiredBTC Price at AcquisitionBTC AmountValue ThenCurrent ValueUnrealized Gain2017$16,8655,908 BTC~$100 million$383 million+$283 millionMini dictionary: Lookonchain is a blockchain analytics platform that monitors large transactions, wallet activity, and onchain trends to provide transparency into cryptocurrency markets.
Whale movements raise speculation but selling unconfirmedThis sizable transfer follows a similar move by another dormant Bitcoin investor earlier in the week. That separate address, also inactive for seven years, sent 2,931 BTC—worth about $188 million—after remaining untouched for years.
Analysts frequently monitor such large shifts from long-dormant wallets, as these could signal preparatory steps for selling. Nonetheless, moving funds to a new wallet does not necessarily indicate an imminent sale. Industry experts note that whale holders often relocate assets to enhance security, upgrade to modern wallet structures, rotate private keys, or prepare for over-the-counter transactions.
In the latest event, the Bitcoin left a legacy “1”-prefix address and moved to a SegWit format beginning with “bc1q.” This change is typically associated with efforts to improve transaction speed and lower fees.
Mini dictionary: SegWit (Segregated Witness) is a Bitcoin protocol upgrade that increases block capacity and reduces transaction fees by separating transaction signatures from transaction data.
Meanwhile, CryptoQuant reported that its exchange whale ratio is currently near 0.99. This metric shows that recent large Bitcoin transfers represent nearly all assets moving to exchanges. Historically, periods of high whale ratio have sometimes been followed by increased selling activity.
No new transactions from the recipient address have been observed, and there is no onchain evidence of a sale. Market participants continue to watch wallets linked to whale movements for hints on future trading behavior.
Despite speculation, the current transfer remains inactive, with attention now focused on whether the coins will be moved onto exchanges for possible liquidation in the coming days.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
