TLDR BTC recovered above the $63,000 mark with approximately 1.5% gains following Trump’s statement about Iran seeking negotiations Market participants are closely monitoring $64,700 as a critical daily closing threshold that could trigger a substantial relief rally Short position liquidations in the cryptocurrency market reached approximately $100 million over a 24-hour period Blockchain analytics reveal short-term holder losses matching patterns typically observed near historical cycle bottoms Large-scale holders accumulated 10,000 BTC during the current month, suggesting an accumulation period may be underway Bitcoin pushed back above the $63,000 threshold this Thursday following remarks from US President Donald Trump indicating that Iran is seeking diplomatic engagement. The leading cryptocurrency posted gains of roughly 1.5% during the trading session.
Bitcoin (BTC) Price Equity markets in the United States also experienced an upward swing, providing support to digital asset prices following the previous day’s downturn. Trump had previously announced the termination of the Iran ceasefire on Wednesday, triggering concern among investors in risk-oriented assets.
According to data from CoinGlass, liquidations of cryptocurrency short positions approached $100 million within a 24-hour window. This development caught numerous market participants who had positioned themselves for declining prices off guard.
Market analyst Daan Crypto Trades identified $64,700 as the crucial threshold for observation at the daily market close. “A daily close above $64,700 flips the story and would make for a larger relief rally across the board,” he communicated via X.
$BTC is ranging $61.3K-$64.7K range and spent this morning climbing back up after yesterday's risk-off flush.
A daily close above $64.7K flips the story and would make for a larger relief rally across the board.
A close under $61.3K opens the road to the lows again and kills… pic.twitter.com/QbTVhEMVWa
— Daan Crypto Trades (@DaanCrypto) July 9, 2026
He additionally cautioned that closing beneath $61,300 “opens the road to the lows again and kills the momentum.” Bitcoin has been trading within this defined range.
Trader Killa expressed they are “not bearish at all” regarding the present market structure. They’re targeting $68,000 as a prospective short position entry point and anticipate several additional months of volatile price movement.
Trader Jelle highlighted the $65,000–$70,000 range as the subsequent objective should bullish forces recapture key thresholds. He noted that a rejection at these levels might drive BTC back under $60,000.
Market analyst Ted (@TedPillows) noted unexpected BTC purchasing activity on Binance and suggested that if Bitcoin successfully reclaims $65,000, a recovery rally targeting $72,000–$74,000 might materialize within a three to four-week timeframe.
Blockchain Metrics Indicate Potential Cycle Bottom Formation Analytics from Glassnode demonstrate that short-term holder (STH) realized losses have surged to levels documented only six times throughout Bitcoin’s trading history. In each of those six instances, BTC was positioned near or at a cyclical bottom.
Source: Glassnode The most recent occurrence of this pattern was in January of this year, when Bitcoin reached $60,000 before climbing to $82,000.
Large holder wallets have accumulated 10,000 BTC throughout the current month. The preceding two months similarly recorded positive net additions, which market analysts view as indicators of a probable accumulation phase.
BTC Must Surpass $66,000 to Validate Chart Formation A double-bottom or W-shaped configuration has emerged on the daily timeframe chart. This technical pattern frequently precedes substantial upward price movements.
Bitcoin must secure a close above $66,000 to validate this structure. The Relative Strength Index stays below the 50 level, indicating no bullish confirmation has materialized at this stage.
Market analysts suggest a decline toward $60,000 remains possible before any more significant upward movement develops. Should BTC fall below that threshold, $50,000 is referenced as the subsequent major support level.
If Bitcoin maintains levels above $60,000, a retest of the 200-day exponential moving average positioned near $74,000 represents the scenario analysts are forecasting.
Current price data reflects BTC trading between the $61,300 and $64,700 boundaries, with market participants closely observing the daily close for directional confirmation.
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.
US-listed Bitcoin mining company TeraWulf is reportedly seeking to raise $3.5 billion in debt to expand its Justified Data campus in Kentucky, a facility leased by artificial intelligence company Anthropic under a long-term agreement.
The deal is expected to launch this year, with investment bank Morgan Stanley leading the financing effort, TeraWulf chief financial officer Patrick Fleury said, according to a Thursday Bloomberg report.
The deal could include leveraged loans and high-yield bonds, marking TeraWulf’s first entry into the leveraged loan market, the report stated.
The news comes days after TeraWulf signed a 20-year lease agreement with Anthropic for the Kentucky facility, showing how demand for AI computing capacity is creating new funding opportunities for data center operators.
TeraWulf’s previous financing activity includes multibillion-dollar offeringsThe Justified Data campus in Hawesville, Kentucky, is being developed as a large-scale data center project to support AI computing workloads, with initial operations expected in the second half of 2027 and full buildout targeted for early 2028.
The facility is expected to generate about $19 billion in contracted revenue over the initial lease term with Anthropic, according to TeraWulf.
Source: TeraWulf
The $3.5 billion debt raise follows the company’s previous financing offerings, where it raised $1.3 billion in December 2025 and $3.2 billion in October 2025.
Cointelegraph reached out to TeraWulf and Morgan Stanley for comment on the reported financing but had not received a response by publication time.
TeraWulf faces concerns over insider transactions and growth modelTeraWulf has recently drawn investor questions over insider stock sales, shareholder alignment and broader concerns over the company’s growth model.
On Thursday, Bitcoin mining advisory company Blocksbridge Consulting highlighted TeraWulf as an example of the investor scrutiny around insider stock sales at Bitcoin mining companies that have benefited from AI-related momentum.
TeraWulf has also faced questions over the economics of its AI data center model. In a McNallie Money podcast on Tuesday, Fleury pushed back against a short-seller’s model that estimated higher maintenance costs for TeraWulf’s data centers. He argued that the company’s role is to provide power and facility infrastructure, while customers are responsible for their computing equipment and technology upgrades.
Source: Matthew Sigel
Fleury said the company’s long-term lease structure limits the recurring upgrades and reconfiguration costs typically associated with data centers.
Magazine: Bitcoin’s quantum dilemma: Bigger blocks or STARK proofs?
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Meta gained over 4% in pre-market trading, extending its rally from the prior session.
According to market data from BIT (bit.com), Meta's pre-market stock gains have widened, with the stock now rising over 4% after closing up 4.7% in the previous trading session.
4 minutes ago
Founder of crypto trading platform RG Coins indicted again by the U.S. Department of Justice for transferring case-related crypto assets while in prison.
The U.S. Department of Justice announced that Rossen Iossifov, founder of Bulgarian crypto exchange RG Coins, has been indicted on additional charges for allegedly transferring approximately $290,000 in crypto assets that the court had ordered forfeited while he was in prison. Prosecutors alleged that in January 2024, while serving a sentence in a federal prison, Iossifov conspired to move the illicit assets through multiple crypto exchanges and mixing services to evade government seizure. Iossifov was previously sentenced to 111 months in prison in 2021 for his role in laundering nearly $5 million and assisting a Romanian cyber fraud ring in processing illicit funds; he was also ordered to pay over $2.6 million in restitution and forfeit related crypto assets. If the new charges are upheld, he faces up to an additional 25 years in prison.
4 minutes ago
Circle rises over 16% in pre-market trading after securing approval to establish a national trust bank.
According to market data from BIT (bit.com), Circle (CRCL)’s pre-market gain has widened to 16.63%, with its current price at $73.49. Earlier reports noted that Circle has obtained final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
4 minutes ago
Bitcoin mining company Cango will implement a 1-for-10 share consolidation.
Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a 1-for-10 share consolidation in accordance with authorization from its special general meeting of shareholders held on June 24. All issued and outstanding Class A and Class B common shares will be consolidated at a ratio of 10-for-1, with each share class remaining unchanged. The consolidation will take effect at 5:00 PM ET on July 20, 2026. Class A common shares are expected to begin trading on a post-consolidation basis starting from the opening of the New York Stock Exchange on July 21, with the stock code remaining “CANG” and the CUSIP number updated to G1820C 110. Following the consolidation, the total authorized share capital will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. No fractional shares will be issued; fractional portions will be canceled and revert to the company’s authorized unissued shares, with no consideration provided to holders.
4 minutes ago
Israel is willing to participate in strikes against Iran and is awaiting a statement from Trump.
Israel has informed the U.S. of its willingness to join further American military operations against Iran, and is currently awaiting a decision from U.S. President Donald Trump. Sources said Israel believes the new round of U.S.-Iran military conflict could last several more days. The Israeli Air Force, air defense, and intelligence units are on high alert, with the Israel Defense Forces (IDF) maintaining close coordination with the U.S. military. (CCTV)
4 minutes ago
BlackRock transfers approximately 8,700 ETH to Coinbase Prime, valued at around $15.81 million.
According to monitoring by Onchain Lens, BlackRock transferred approximately 8,700 ETH from its wallet linked to its Ethereum spot ETF to Coinbase Prime, valued at roughly $15.81 million based on current prices.
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.
New Hampshire’s Executive Council voted 3-2 to reject a proposed $100 million Bitcoin-backed municipal bond, preventing what would have been the first state-authorized issuance of its kind.
The decision comes despite the bond receiving a provisional Ba2 credit rating from Moody’s earlier this year.
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The decision came months after the state’s Business Finance Authority (BFA) approved the groundbreaking bond structure, which aimed to bring Bitcoin-backed financing to the municipal bond market.
The proposed financing, developed by Wave Digital Assets in partnership with Rosemawr Management and the BFA, would have seen the BFA issue taxable municipal bonds backed by $175 million in Bitcoin collateral provided by CleanSpark, with BitGo Trust acting as custodian.
If Bitcoin’s value dropped below $140 million, the collateral would have been liquidated to ensure bondholders were repaid in full, without exposing taxpayers to losses.
Council members said the proposal failed to demonstrate meaningful benefits for New Hampshire and raised concerns about lending state legitimacy to a transaction tied to a highly volatile asset class.
Meanwhile, backers argued that the decision was a missed opportunity and urged officials to revisit the proposal.
“It was an extremely short-sighted decision,” New Hampshire House Majority Floor Leader Keith Ammon, who has long championed crypto initiatives in the state, said in a post on X. “They should gather all relevant facts and information and reconsider their vote at a future meeting.”
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin may be entering the later stages of the ongoing bear market and forming a long-term market bottom.
Specifically, the recent drop to around $57,000 this month could become this cycle’s equivalent of the $16,000–$18,000 low seen in late 2022. While on-chain data suggests the bottoming process is progressing, key confirmation signals have yet to appear.
Why $58K Could Mark This Cycle’s Bottom Market watcher Seth has said there are growing signs that Bitcoin’s high-timeframe (HTF) macro bottom is already in place. “There are signs that the HTF macro bottom is in. $58K is the new $18K,” he wrote on X.
Seth noted that he correctly identified Bitcoin’s $16,000 bottom during the 2022 bear market. He said he would not be surprised if Bitcoin had once again established its cycle low.
After bottoming in 2022, Bitcoin climbed steadily. It reached about $73,650 in March 2024 before rallying to an all-time high of $126,200 in October 2025.
Glassnode chart Bitcoin Rebounds From July Low Notably, Bitcoin fell to $57,747 on July 1, its lowest level yet in this cycle. It then rebounded to around $64,600 by July 5.
As of today, Bitcoin trades at $63,872, up about 4% over the past week. However, it remains down 27% year-to-date and is still about 49.4% below its October 2025 record high. That suggests the recovery is still incomplete.
Glassnode: Bottom Is Forming, but Confirmation Is Still Lacking In a recent study, Glassnode said Bitcoin is still in “deep value” territory after trading below both the True Market Mean and the Short-Term Holder Cost Basis for nearly five months.
The analytics firm said long-term holder (LTH) selling has intensified. Losses now account for 43% of total realized value, with realized losses reaching about $280 million per day, the highest level since December 2022.
Glassnode’s chart also shows that more than 5.5 million BTC held by long-term investors is currently at a loss. Similar levels were seen near major market bottoms in previous bear markets, before Bitcoin started recovering.
However, demand remains weak. Spot Bitcoin ETFs are still seeing net outflows, while daily trading volume of $650 million to $950 million is about 80% below the October 2025 peak.
At the same time, derivatives markets have become slightly more optimistic. The put/call ratio has fallen to its lowest level of 2026, although options traders are still pricing in downside risk.
In sum, Glassnode said Bitcoin may be in the final stages of forming a market bottom. However, it added that long-term holder selling needs to ease before a lasting recovery can be confirmed.
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 (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity. Easing US-Iran tensions improved risk sentiment toward the end of the week, while the fragile situation continues to weigh on market sentiment, capping BTC’s upside potential.
Mixed geopolitical sentiment offers limited relief to risk assetsMarket sentiment remained mixed and cautious throughout the week as geopolitical developments in the Middle East continued to shape risk appetite. The week began on a negative note after Iran plans to introduce new service fees for ships passing through the strategically important waterway. Despite strong opposition from the US, Iran insisted that the fees are for security, vessel supervision, and environmental protection, rather than tolls.
Risk sentiment deteriorated further on Tuesday after an oil tanker was struck by an unidentified projectile, but later identified as Iranian, while passing through the Strait of Hormuz. US military unleashed a new wave of strikes against Iran in retaliation for Tehran’s attacks on commercial ships in the strategic waterway.
Iran retaliated by targeting US military installations and assets across Bahrain and Kuwait. Meanwhile, US President Donald Trump said on Wednesday that the ceasefire agreement with Iran was “over”, further fueling market uncertainty.
Market anxiety eased later in the week after Trump claimed on Thursday that Iran had called to make a deal with the US, raising hopes for a potential de-escalation in tensions. This modest improvement in sentiment erased BTC’s earlier-in-the-week losses as it extended its recovery toward $64,000 on Friday. However, traders should keep an eye on developments in the Middle East, as the fragile situation continues to pose a risk to market sentiment. Any renewed clashes between the US and Iran over the weekend could bring fresh selling pressure to risk-sensitive assets such as BTC.
Strategy’s sale tests Bitcoin market resilienceStrategy announced on Monday that it sold 3,588 BTC for $216 million to fund dividends on its Digital Credit. This news initially weighed on BTC, which corrected roughly 4%. However, the Crypto King recovered and closed Monday with mild gains, suggesting the selling pressure was largely absorbed.
Crypto Finance reported on Tuesday that transactions of this size are typically executed over-the-counter (OTC) and extensively hedged well before public disclosure. By the time the market receives the announcement, the underlying exposure has usually already been absorbed.
The report further noted that Bitcoin’s deep liquidity enables it to absorb sizeable transactions without causing significant market disruption, explaining the short-lived price correction.
In an exclusive interview, Dean Chen, Analyst at Bitunix Exchange, told FXStreet that “Strategy didn’t weaken the Bitcoin treasury model—it matured it. Selling a fraction of its holdings wasn’t a loss of conviction; it was proof that Bitcoin can function as a liquid corporate treasury asset.”
Chen, however, remains cautiously bearish on BTC in the short term, citing elevated US Treasury yields and stronger returns in equities; AI-related investments and IPOs still offer stronger return narratives and still-weak institutional inflows despite a modest improvement in spot Bitcoin ETF demand. He believes Bitcoin’s broader trend will depend on whether global investors increase allocations to risk assets rather than on Strategy’s sale alone.
In the long term, Chen expects Bitcoin to remain range-bound with a slight downside bias this week, as the market still lacks meaningful incremental capital and competition for global liquidity remains intense.
“I see $68,500 as the key near-term resistance level and $62,000 as the primary support. Unless macro conditions improve materially, I expect Bitcoin to finish the month modestly below current levels,” Chen concluded.
Indecision among institutional investorsInstitutional demand revived slightly over the first two days of this week, following several weeks of outflows. However, later in the week, SoSoValue data showed that spot BTC ETFs recorded two days of outflows, bringing net flows to a positive $106.96 million through Thursday, marking a slight improvement. If Friday’s flows remain positive, BTC would break the eighth week of steady withdrawals. This is an early sign of improving institutional demand, which could lift prices.
Total Bitcoin spot ETF net inflow daily chart. Source: SoSoValue
Total Bitcoin spot ETF net inflow weekly chart. Source: SoSoValueCautious Fed limits BTCOn the macroeconomic front, the Federal Open Market Committee (FOMC) Minutes from the June 16–17 meeting were released this week and revealed that policymakers were divided over the direction of interest rates. The minutes reflected growing concern among Federal Reserve (Fed) officials over inflation just as worries about the labor market slightly receded.
Following the release, swap traders are now pricing in roughly a 21.9% chance of a rate hike at the next Fed meeting in July, according to the CME FedWatch tool. The cautious policy outlook kept investors on the sidelines, limiting demand for risk assets, and Bitcoin has traded sideways so far this week.
Technical outlook: Still early to call a bottomBitcoin extends its slight recovery, reclaiming $64,000 on Friday after a 6.84% rebound in the previous week. BTC is finding support around the 200-week Simple Moving Average (SMA) at $62,874 after finding support around the ascending trendline (drawn by connecting multiple lows since January 2023) in the previous week.
If the 200-week SMA at $62,874 holds as support, BTC could extend gains toward the 78.60% Fibonacci retracement level at $65,520 (from the August 2024 low of $49,000 to the October 2025 record high of $126,199).
Momentum indicators on the weekly chart show signs of improvement: The Relative Strength Index (RSI) is hovering near 39, and a slightly negative but improving Moving Average Convergence Divergence (MACD) suggests downside momentum is losing intensity.
However, if BTC continues its correction and closes below the 200-Week SMA at $62,874, it could extend the decline toward the ascending trendline support at roughly $58,000.
BTC/USDT weekly chartOn the daily chart, the Crypto King is maintaining a capped tone, remaining below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which all sit well overhead and continue to frame a still-dominant medium-term downtrend.
BTC is hovering just above horizontal support around $64,004. At the same time, a mildly positive RSI near 53 and a bullish MACD reading above zero suggest recovering momentum that has yet to overcome the prevailing overhead supply.
On the topside, initial resistance is seen at the 50-day EMA near $65,413, with further barriers at the 100-day EMA near $69,000 and the 200-day EMA near $75,029, ahead of a stronger horizontal cap at $84,410.
On the downside, immediate support comes at the horizontal level around $64,004; a sustained break below this floor would expose the $60,000 key psychological level on the chart as a potential demand zone.
BTC/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
A 1-for-15 reverse split and a record-low share price cap a brutal stretch for the Trump-backed miner that bet on hoarding Bitcoin instead of pivoting to AI.
Posted July 10, 2026 at 6:44 am EST.
American Bitcoin, the mining venture co-founded by Eric Trump, has collapsed since going public last year, and the damage is now landing on the first family’s fortune. The company’s shares have fallen more than 95% from their September peak, wiping out over $600 million from Eric Trump’s stake in about 10 months, according to Bloomberg calculations.
The slide forced an emergency maneuver this week: a 1-for-15 reverse stock split to preserve the company’s Nasdaq listing.
This story is an excerpt from the Unchained Daily newsletter.
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Eric Trump owns roughly 6% of American Bitcoin, according to Bloomberg calculations, and serves as its chief strategy officer, while his brother and adviser Donald Trump Jr. holds an undisclosed stake. In the first quarter, the company posted a $118.2 million operating loss after marking down its Bitcoin treasury by $117.2 million.
As Bitcoin sank into a bear market and capital rushed toward artificial intelligence, investors rewarded miners that could repurpose their infrastructure for AI data centers. Rivals like Riot Platforms, MARA Holdings, and TeraWulf struck data-center deals and watched their shares climb an average of more than 60% this year. American Bitcoin made the opposite bet, doubling down on mining and accumulating the token, and its stock has plunged around 77% in 2026.
The company is not backing off. It added another 500 Bitcoin on Monday, and Eric Trump has said it would only sell for reasons that were “beyond catastrophic.”
American Bitcoin’s predecessor started in early 2025 pitching itself as an AI data-center venture before pivoting a month later to Bitcoin mining through a deal with Hut 8, which remains its majority owner and runs its day-to-day operations. The renamed company then reverse-merged with Gryphon Digital Mining to reach the Nasdaq. High-profile backers, including the Scaramucci family, had poured in hundreds of millions before the stock unraveled.
Related Listen: How Digital Credit Assets like STRC and SATA Differ from Bitcoin or DAT Stocks
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.
Bitcoin has seen a significant increase in the last 24 hours, climbing above $64,000. Despite this rise, investors remain cautious, although technical indicators are once again signaling an upward trend for BTC.
Accordingly, Bitcoin’s long-term Moving Average Convergence Divergence (MACD) indicator has turned positive. A positive MACD is considered a strong and reliable buy signal from a technical analysis perspective, as it indicates an increased likelihood of the uptrend continuing.
Technical analyst Omkar Godbole stated that the MACD turning positive indicates that the recent uptrend in Bitcoin may continue, but emphasized that breaking through critical resistance levels is necessary for a new bull market to be confirmed.
The analyst also noted that the long-term MACD indicator turning positive is a significant technical indicator for Bitcoin, historically demonstrating high reliability. Therefore, the analyst stated that the current signal strengthens expectations that the BTC price could continue its upward movement.
The analyst stated, “The MACD indicator gave a sell signal just before the market crash last October, and there was a significant recovery with buy signals in December of last year and February of this year,” suggesting that this indicator could be a reliable benchmark.
However, the analyst warned that investors should not rely on a single indicator to determine market trends.
However, the analyst notes that for the technical outlook to fully transform into a bull market, a sustained break above the strong resistance zone between $65,000 and $80,000 is crucial.
According to the analyst, the key resistance levels to watch closely in the $65,000-$80,000 range are as follows:
“50-day simple moving average: Approximately $65,434” Previous peak level: Approximately $67,292 200-day moving average: Approximately $71,147 The highest open position in the options market at the strike price is approximately $80,000. According to the analyst, a break above these levels could trigger a new bull market.
Bitcoin is Experiencing the Third Longest Consolidation Period in its History! The analyst noted that a reliable bullish signal has emerged for BTC, while Glassnode data indicates Bitcoin is experiencing the third longest consolidation period in history.
According to Glassnode analysts, Bitcoin has been trading in the $60,000-$70,000 price range for 307 days. Therefore, this period has been recorded as the third longest consolidation period in Bitcoin history.
According to Glassnode, the current period ranks third for BTC after longer consolidation periods in the 2018 bear market (between $10,000 and $20,000) and the 2022 bear market (between $20,000 and $30,000).
Analysts also note that $58,000 is an important support level for BTC on the downside.
Finally, analysts state that the direction in which Bitcoin exits this consolidation process, which has lasted for about 10 months, could determine the price trend. It is particularly believed that a new uptrend could gain strength if the upper resistance zones are breached.
*This is not investment advice.
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Meta gained over 4% in pre-market trading, extending its rally from the prior session.
According to market data from BIT (bit.com), Meta's pre-market stock gains have widened, with the stock now rising over 4% after closing up 4.7% in the previous trading session.
4 minutes ago
Founder of crypto trading platform RG Coins indicted again by the U.S. Department of Justice for transferring case-related crypto assets while in prison.
The U.S. Department of Justice announced that Rossen Iossifov, founder of Bulgarian crypto exchange RG Coins, has been indicted on additional charges for allegedly transferring approximately $290,000 in crypto assets that the court had ordered forfeited while he was in prison. Prosecutors alleged that in January 2024, while serving a sentence in a federal prison, Iossifov conspired to move the illicit assets through multiple crypto exchanges and mixing services to evade government seizure. Iossifov was previously sentenced to 111 months in prison in 2021 for his role in laundering nearly $5 million and assisting a Romanian cyber fraud ring in processing illicit funds; he was also ordered to pay over $2.6 million in restitution and forfeit related crypto assets. If the new charges are upheld, he faces up to an additional 25 years in prison.
4 minutes ago
Circle rises over 16% in pre-market trading after securing approval to establish a national trust bank.
According to market data from BIT (bit.com), Circle (CRCL)’s pre-market gain has widened to 16.63%, with its current price at $73.49. Earlier reports noted that Circle has obtained final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
4 minutes ago
Bitcoin mining company Cango will implement a 1-for-10 share consolidation.
Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a 1-for-10 share consolidation in accordance with authorization from its special general meeting of shareholders held on June 24. All issued and outstanding Class A and Class B common shares will be consolidated at a ratio of 10-for-1, with each share class remaining unchanged. The consolidation will take effect at 5:00 PM ET on July 20, 2026. Class A common shares are expected to begin trading on a post-consolidation basis starting from the opening of the New York Stock Exchange on July 21, with the stock code remaining “CANG” and the CUSIP number updated to G1820C 110. Following the consolidation, the total authorized share capital will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. No fractional shares will be issued; fractional portions will be canceled and revert to the company’s authorized unissued shares, with no consideration provided to holders.
4 minutes ago
Israel is willing to participate in strikes against Iran and is awaiting a statement from Trump.
Israel has informed the U.S. of its willingness to join further American military operations against Iran, and is currently awaiting a decision from U.S. President Donald Trump. Sources said Israel believes the new round of U.S.-Iran military conflict could last several more days. The Israeli Air Force, air defense, and intelligence units are on high alert, with the Israel Defense Forces (IDF) maintaining close coordination with the U.S. military. (CCTV)
4 minutes ago
BlackRock transfers approximately 8,700 ETH to Coinbase Prime, valued at around $15.81 million.
According to monitoring by Onchain Lens, BlackRock transferred approximately 8,700 ETH from its wallet linked to its Ethereum spot ETF to Coinbase Prime, valued at roughly $15.81 million based on current prices.
Metaplanet has started a joint study into Bitcoin-backed digital credit products with stablecoin issuer JPYC, tokenization company Progmat and its securities arm in Japan.
Summary
Metaplanet will study Bitcoin-backed credit using JPYC settlement and Progmat’s security token infrastructure in Japan. No product has launched, while issuance timing, yields, terms, and distribution methods remain undecided. Project Nova seeks to turn Metaplanet’s Bitcoin treasury into collateral for regulated digital credit products. The study will assess whether Bitcoin can support digital corporate bonds and other credit products as collateral or a credit-enhancement asset. However, the companies said they have not decided to issue any product.
Metaplanet studies Bitcoin-backed digital credit According to Metaplanet’s July 10 announcement, the four companies will study product design, regulation, investor protection, settlement and technical requirements. Their work will cover digital corporate bonds and other blockchain-based credit instruments.
Metaplanet and Metaplanet Securities will lead product design and distribution. JPYC will examine stablecoin issuance, redemption and payment functions. Meanwhile, Progmat will provide infrastructure for security token issuance, ownership records and transfer controls.
The proposed structure would use security tokens to record investor rights. JPYC or similar yen-based instruments could handle interest payments, distributions and redemptions. The participants will also assess round-the-clock trading and daily interest calculations.
However, Metaplanet warned that “nothing has been determined” regarding issuance timing, yields, terms or distribution. Any future product would require internal approvals, technical checks and talks with relevant authorities.
Project Nova expands Bitcoin’s balance-sheet role The study forms part of Project Nova, Metaplanet’s plan to build a Bitcoin-focused financial services business in Japan. The company said the project treats Bitcoin as “productive collateral on the balance sheet” rather than only a reserve asset.
Under the plan, Bitcoin could back credit instruments while stablecoins and security tokens connect traditional securities infrastructure with blockchain settlement. Metaplanet said it wants to offer yield products and wider capital-market access to retail and institutional investors.
As previously reported by crypto.news, Metaplanet agreed in June to acquire Siiibo Securities for JPY 2.1 billion. The licensed brokerage is scheduled to become Metaplanet Securities on July 13.
The acquisition gives Metaplanet access to an established corporate bond platform and a Type I Financial Instruments Business Operator. The company previously said it could use the platform to distribute Bitcoin-linked bonds and other income products in Japan.
Bitcoin treasury reaches 43,000 BTC Metaplanet’s credit study follows another expansion of its corporate Bitcoin holdings. The company bought 2,823 BTC during the second quarter, raising its holdings to 43,000 BTC.
The company acquired the latest batch at an average price of about JPY 12.7 million per Bitcoin. Its total average purchase price stood near JPY 15.3 million per coin after the transaction.
At the same time, revenue from Metaplanet’s Bitcoin income business fell about 41% from the previous quarter to JPY 1.747 billion. The company has continued adding Bitcoin while developing products that could generate income from its treasury.
Metaplanet has also set a long-term goal of holding 210,000 BTC by the end of 2027. However, the new study does not confirm that the company will pledge its existing holdings to any specific credit product.
Tokenized credit market continues expanding The proposed study comes as demand for blockchain-based financial assets continues to grow. RWA.xyz tracks tokenized government debt, private credit, corporate credit, commodities and other real-world assets across public and private networks.
Metaplanet said credit is suited to digitization because interest, repayment and collateral terms are fixed when an instrument is issued. Blockchain systems can then manage ownership records, payments and redemptions.
You can add another brick to the “wall of worry” facing the $2.27 trillion crypto market – and it has “Michael Saylor” written all over it.
Saylor runs a company called Strategy, formerly known as MicroStrategy. It was a software company that under Saylor’s leadership has been transformed into what crypto types call a major “hoarder” of Bitcoin.
His strategy goes something like this: He sells company stock and preferred shares while purchasing lots of Bitcoin. Strategy currently holds around 4% of all the available digital assets.
Michael Saylor runs a company called Strategy, formerly known as MicroStrategy. It was a software company that under Saylor’s leadership has been transformed into what crypto types call a major “hoarder” of Bitcoin. Jack Forbes / NY Post Design That’s a lot of Bitcoin, around 800,000 of them. With Bitcoin last year hitting all time highs of about $120,000, his investors have done well (60% plus return over the last five years). That is, until recently when shares of Strategy began reflecting the downdraft in digital coins.
The big question: Is Saylor going to turn the current Bitcoin winter into the storm of the century for crypto?
Along the way, there have been plenty of Saylor skeptics; the legendary short seller Jim Chanos is one. Chanos who began shorting Strategy stock last year in an arbitrage play he described on my “Risk and Return” podcast.
Another has been my podcast partner, Bob Sloan, a longtime capital markets professional who now runs S3 Partners, a well-regarded market data firm that is often referred to as the gold standard for investor and trader positioning. Bob has long warned of the dangers that Saylor posed for Bitcoin and crypto in general.
Any market that leans heavily on one investor buying and not selling is courting trouble when that buyer does become a seller, which given the volatility of Bitcoin was always inevitable, Sloan argued.
Is Saylor good or bad for crypto? He has many skeptics. Getty Images Or as he put it: “Funding was required to keep his buying going. No funding equals forced selling.”
Bob’s bunny has a good nose (he’s seen plenty of market ructions during his long career). I was reminded of this Monday when my old colleague at the Wall Street Journal, Jonathan Weil, did a deep dive into Saylor’s business model. Weil raised questions about the in-house metrics used by Saylor that, he reports, have overvalued the company’s stock that became his “currency to buy bitcoin.” With that overvaluation comes the likelihood of selling as opposed to buying Bitcoin.
Informed of these sentiments, a press rep for Saylor hasn’t provided any comments as this piece goes to press. But Weil makes a compelling case that Saylor’s strategy has some holes, as did sources including Sloan even before the WSJ piece was published. It’s why the crypto winter is now likely to stick around until next spring as Saylor, the market’s marginal buyer, could become a significant seller to support his stock price.
That’s something he has been loath to do until Monday when Strategy released a filing with the Securities and Exchange Commission that showed he recently sold 3,588 coins worth over $200 million. Ok it’s a sliver of his holdings, and many Bitcoin maxi’s tell me the market is more than Saylor. It includes big Wall Street firms and plenty of long-term investors.
Maybe. Or maybe Saylor’s selling is the start of something bigger and a crypto winter that lasts until next summer.
Metaplanet, Metaplanet Securities, JPYC, and Progmat have announced a collaborative initiative in Japan to examine how Bitcoin, stablecoins, and security tokens can be integrated into digital credit products. This partnership aims to cover a broad spectrum of credit tools, including digital corporate bonds, and marks a significant step towards financial innovation in Japan’s capital markets.
Focus areas of the collaborationThe participating companies are targeting the creation of a more efficient credit market. To achieve this, they will evaluate financial strategies that leverage Bitcoin as collateral, consider blockchain-based settlement systems, and integrate digital security infrastructure. The overarching goal is to make the issuance, distribution, and repayment processes of digital credit products more seamless and cohesive.
Metaplanet will contribute its expertise in Bitcoin treasury strategies and product design, while Metaplanet Securities will focus on the structuring and distribution of digital credit products. JPYC is set to assess the use of stablecoins for payments, interest distribution, and redemption processes. Progmat, meanwhile, will provide the core infrastructure for the issuance and management of security tokens.
Glossary: A security token refers to the digital representation of bonds or similar financial instruments on a blockchain. Progmat is a well-known Japanese platform developing infrastructure for digital securities and tokenized finance applications.
The companies indicated that no final decisions have yet been made regarding issuance dates, product terms, yield rates, or distribution methods.
Connection to Project NOVAThis joint action builds on Metaplanet’s previous Project NOVA strategy. Unlike a traditional approach that treats Bitcoin as merely a balance sheet reserve, Project NOVA investigates ways to utilize Bitcoin as a productive financial asset. Metaplanet is now exploring Bitcoin’s potential as collateral or a credit enhancement for digital finance offerings.
The envisioned framework aims to unite Bitcoin-linked products, digital securities, credit instruments, and stablecoin-based settlements in a single financial ecosystem. This structure is designed to appeal to both individual and institutional investors by providing a versatile platform for investments and borrowing.
Why the Japanese market stands outJapan has previously emerged as a market for tokenized corporate bond issuances. In recent years, financial institutions and blockchain companies have conducted various pilot projects involving security tokens, stablecoins, and blockchain-based settlement systems. Initiatives led by Progmat, the Japan Exchange Group, and major banks have already explored digital bonds, tokenized government debt, and stablecoin-backed on-chain settlements.
What makes Metaplanet’s latest initiative distinctive is its plan to combine Bitcoin, stablecoins, and security tokens within a unified credit market framework. The partners are looking beyond just tokenized securities issuance or payment infrastructure upgrades. Their research will evaluate whether Bitcoin-backed digital credit products can be issued, traded, and settled on blockchain networks in a way that fully complies with Japan’s financial regulations.
This project also targets funding alternatives for mid-sized and growth-oriented companies, which often face high costs in traditional bond markets. If the initiative moves past the research phase, it could become one of the first efforts in Japan to combine Bitcoin, yen-based stablecoins, and security tokens within a single regulated capital market structure.
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.
Meta gained over 4% in pre-market trading, extending its rally from the prior session.
According to market data from BIT (bit.com), Meta's pre-market stock gains have widened, with the stock now rising over 4% after closing up 4.7% in the previous trading session.
4 minutes ago
Founder of crypto trading platform RG Coins indicted again by the U.S. Department of Justice for transferring case-related crypto assets while in prison.
The U.S. Department of Justice announced that Rossen Iossifov, founder of Bulgarian crypto exchange RG Coins, has been indicted on additional charges for allegedly transferring approximately $290,000 in crypto assets that the court had ordered forfeited while he was in prison. Prosecutors alleged that in January 2024, while serving a sentence in a federal prison, Iossifov conspired to move the illicit assets through multiple crypto exchanges and mixing services to evade government seizure. Iossifov was previously sentenced to 111 months in prison in 2021 for his role in laundering nearly $5 million and assisting a Romanian cyber fraud ring in processing illicit funds; he was also ordered to pay over $2.6 million in restitution and forfeit related crypto assets. If the new charges are upheld, he faces up to an additional 25 years in prison.
4 minutes ago
Circle rises over 16% in pre-market trading after securing approval to establish a national trust bank.
According to market data from BIT (bit.com), Circle (CRCL)’s pre-market gain has widened to 16.63%, with its current price at $73.49. Earlier reports noted that Circle has obtained final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
4 minutes ago
Israel is willing to participate in strikes against Iran and is awaiting a statement from Trump.
Israel has informed the U.S. of its willingness to join further American military operations against Iran, and is currently awaiting a decision from U.S. President Donald Trump. Sources said Israel believes the new round of U.S.-Iran military conflict could last several more days. The Israeli Air Force, air defense, and intelligence units are on high alert, with the Israel Defense Forces (IDF) maintaining close coordination with the U.S. military. (CCTV)
4 minutes ago
BlackRock transfers approximately 8,700 ETH to Coinbase Prime, valued at around $15.81 million.
According to monitoring by Onchain Lens, BlackRock transferred approximately 8,700 ETH from its wallet linked to its Ethereum spot ETF to Coinbase Prime, valued at roughly $15.81 million based on current prices.
4 minutes ago
QCP: Japan's bond market stabilization drives Bitcoin rebound to near $64,000
QCP Capital has released a new report, noting that the decline in Japanese government bond yields has eased market concerns over the unwinding of yen carry trades and capital repatriation, driving Bitcoin to rebound to around $64,000. While Middle East geopolitical risks, a stronger U.S. dollar, and the Federal Reserve’s hawkish stance continue to weigh on risk assets, Bitcoin has demonstrated some resilience in the $60,000 range. The report adds that future trends will hinge primarily on the global liquidity environment, U.S. inflation data, and the outcome of the Bank of Japan’s month-end meeting.
Strategy, the company formerly known as MicroStrategy, sold 3,588 BTC for approximately $216 million between July 1 and July 5. That’s the largest single Bitcoin liquidation in the company’s history, and it came from the man who once made “never sell” sound like a blood oath.
Michael Saylor’s firm still holds 843,775 BTC after the sale.
From diamond hands to dynamic allocation Strategy didn’t sell Bitcoin because Saylor suddenly lost faith in his thesis. The company sold to replenish USD reserves earmarked for preferred-stock dividends on its Digital Credit securities.
The board authorized potential sales of up to $1.25 billion in Bitcoin on June 29, giving management room to sell significantly more if cash needs escalate. The goal, according to the company’s filings, is to avoid issuing additional equity, which would dilute existing shareholders.
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Strategy had already broken the seal in late May 2026, selling 32 BTC for $2.5 million. Selling 3,588 coins at roughly $60,000 each is not a rounding error.
The average sale price of approximately $60,000 per Bitcoin is worth noting because Strategy’s overall cost basis sits above that level — they sold at a loss relative to what they paid for much of their stack. The company reported an $8.32 billion loss in Q2 2026 related to digital assets.
Strategy is now framing this shift as “dynamic capital allocation” designed to improve Bitcoin-per-share metrics.
Why the market cares more than the math suggests 3,588 BTC represents roughly 0.4% of Strategy’s total holdings.
MSTR shares declined several percent intraday on July 6, though they stabilized afterward. Bitcoin itself saw modest selling pressure.
The board authorized up to $1.25 billion in potential Bitcoin sales. That’s roughly 20,800 BTC at current prices, or about 2.5% of the company’s total stack.
The institutional contagion risk The $8.32 billion quarterly loss on digital assets underscores how painful this Bitcoin winter has been for corporate holders who bought aggressively during the bull market. Strategy accumulated the vast majority of its 843,775 BTC at prices that now look elevated compared to current trading levels.
The Bitcoin-per-share metric that Strategy is now optimizing for could actually benefit remaining shareholders if executed well, since selling Bitcoin to avoid equity dilution preserves each share’s claim on the remaining stack.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDRBitcoin ETFs Lead Daily RedemptionsEther Funds Reverse Prior GainsWeekly Flow Trend Shows VolatilityGet 3 Free Stock Ebooks Crypto ETF outflows reached about $147 million on July 9, led by losses in Bitcoin and Ether funds. Bitcoin ETFs recorded $95.3 million in outflows, with FBTC and ARKB driving most redemptions. Ether ETFs saw $52.2 million in losses, reversing strong inflows recorded a day earlier. BlackRock’s IBIT remained flat, removing a key source of inflows that supported earlier sessions. Weekly ETF flows showed volatility, shifting from inflows to consecutive days of outflows. Crypto ETF outflows deepened on July 9 as U.S.-listed Bitcoin and Ether funds recorded combined losses of about $147 million. The session extended a weak trend following earlier signs of stabilization in institutional demand. The data confirmed that crypto ETF outflows continued despite recent price strength in major digital assets.
Bitcoin ETFs Lead Daily Redemptions Bitcoin funds recorded $95.3 million in net losses, reinforcing the latest wave of crypto ETF outflows across major issuers. Fidelity’s FBTC led the decline with $63.3 million in redemptions during the session. Ark and 21Shares’ ARKB followed with $39.9 million in outflows, increasing pressure on the category.
Smaller inflows partially offset losses but failed to reverse overall crypto ETF outflows for Bitcoin products. VanEck’s HODL added $5.4 million, while Morgan Stanley’s MSBT brought in $2.2 million. Bitwise’s BITB posted a marginal inflow of $0.3 million, limiting net declines.
BlackRock’s IBIT and Grayscale’s GBTC remained flat, removing a key source of demand seen earlier in the week. IBIT had previously driven inflows with over $200 million on July 6. Its neutral position allowed crypto ETF outflows to deepen without a strong counterbalance.
Ether Funds Reverse Prior Gains Ether ETFs recorded $52.2 million in net losses, adding to overall crypto ETF outflows across digital asset funds. Fidelity’s FETH accounted for $34.0 million of these redemptions. BlackRock’s ETHA also posted $12.7 million in outflows during the same session.
Grayscale’s ETHB and Bitwise’s ETHW contributed additional declines with losses of $2.7 million and $2.8 million, respectively. Other Ether funds remained flat, including VanEck’s ETHV and Invesco’s QETH. The absence of inflows across multiple issuers reinforced the scale of crypto ETF outflows.
The reversal followed a strong July 8 session when Ether ETFs attracted $70.5 million in inflows. FETH had led those gains before shifting to the largest source of redemptions. This rapid change highlighted how concentrated flows can drive short-term crypto ETF outflows.
Weekly Flow Trend Shows Volatility ETF flow data showed sharp swings throughout the week, reflecting inconsistent demand across issuers and products. Bitcoin ETFs gained $265.7 million on July 6 before slowing to $21.5 million on July 7. The trend reversed on July 8, when funds recorded $84.9 million in crypto ETF outflows.
The July 9 data confirmed a second consecutive day of losses, pushing total crypto ETF outflows deeper into negative territory. Ether funds followed a similar pattern, moving from strong inflows to notable redemptions within one day. This pattern indicated that flows remained uneven and highly sensitive to short-term conditions.
Solana ETFs provided limited support with $0.4 million in inflows, offering only a minor offset to broader crypto ETF outflows. VanEck’s VSOL and TSOL accounted for the small gains recorded in this category. Other Solana products remained flat, leaving overall flows dominated by Bitcoin and Ether declines.
Crypto ETF outflows on July 9 highlighted continued weakness in institutional allocations despite recent market stability. The absence of strong inflows across major issuers allowed redemptions to drive overall performance. The latest session confirmed that crypto ETF outflows remain a key indicator of shifting demand trends.
Japanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million), allowing individuals and businesses to raise fiat currency without selling their BTC.
On Thursday, the company announced that borrowers can access between 1 million yen ($6,200) and 1 billion yen ($6.2 million) at annual rates of 3.5% to 7%. The loans carry collateral ratios of 40% to 60%. They run for one year and can be used for expenses, including taxes, business funding and property purchases.
The launch expands Japan’s small market for regulated crypto-backed financing. In 2020, Fintertech, a Daiwa Securities Group and Credit Saison joint venture, launched a similar service and currently lends up to $3 million against Bitcoin or Ether. However, CRYL's service advertises a higher ceiling and a lower minimum, while limiting collateral to BTC.
CRYL framed the service as adding a third option beyond holding or selling their crypto. However, applicants must undergo screening, and most loans use a lump-sum repayment structure, with principal and interest due after one year.
Bitcoin-backed finance takes shape in JapanFintertech’s product shows that Bitcoin-backed lending has been available in Japan for several years. The company’s website currently lists loans for individuals and businesses with annual rates of 4% to 8%, a 50% collateral ratio and a minimum borrowing amount of 5 million yen ($31,000).
The service also gained a wider distribution channel in October 2025, when Daiwa Securities began introducing customers at its branches across Japan to Fintertech’s digital asset-backed loans. Fintertech is owned 80% by Daiwa Securities Group and 20% by Credit Saison.
Other Japanese companies are exploring how Bitcoin could support more complex credit products. On Friday, Metaplanet Securities, yen stablecoin issuer JPYC and tokenization infrastructure provider Progmat announced a study into using BTC as collateral or credit enhancement for digital corporate bonds and other blockchain-based credit instruments.
Unlike the loan products offered by CRYL and Fintertech, the Metaplanet initiative remains at the research phase, and the companies said no issuance has been decided.
Magazine: Bitcoin’s quantum dilemma: Bigger blocks or STARK proofs?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Japanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million), allowing individuals and businesses to raise fiat currency without selling their BTC.
On Thursday, the company announced that borrowers can access between 1 million yen ($6,200) and 1 billion yen ($6.2 million) at annual rates of 3.5% to 7%. The loans carry collateral ratios of 40% to 60%. They run for one year and can be used for expenses, including taxes, business funding and property purchases.
The launch expands Japan’s small market for regulated crypto-backed financing. In 2020, Fintertech, a Daiwa Securities Group and Credit Saison joint venture, launched a similar service and currently lends up to $3 million against Bitcoin or Ether. However, CRYL's service advertises a higher ceiling and a lower minimum, while limiting collateral to BTC.
CRYL framed the service as adding a third option beyond holding or selling their crypto. However, applicants must undergo screening, and most loans use a lump-sum repayment structure, with principal and interest due after one year.
Bitcoin-backed finance takes shape in JapanFintertech’s product shows that Bitcoin-backed lending has been available in Japan for several years. The company’s website currently lists loans for individuals and businesses with annual rates of 4% to 8%, a 50% collateral ratio and a minimum borrowing amount of 5 million yen ($31,000).
The service also gained a wider distribution channel in October 2025, when Daiwa Securities began introducing customers at its branches across Japan to Fintertech’s digital asset-backed loans. Fintertech is owned 80% by Daiwa Securities Group and 20% by Credit Saison.
Other Japanese companies are exploring how Bitcoin could support more complex credit products. On Friday, Metaplanet Securities, yen stablecoin issuer JPYC and tokenization infrastructure provider Progmat announced a study into using BTC as collateral or credit enhancement for digital corporate bonds and other blockchain-based credit instruments.
Unlike the loan products offered by CRYL and Fintertech, the Metaplanet initiative remains at the research phase, and the companies said no issuance has been decided.
Magazine: Bitcoin’s quantum dilemma: Bigger blocks or STARK proofs?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
New Hampshire’s Executive Council has rejected a proposal to issue up to $100 million in Bitcoin-backed revenue bonds linked to Bitcoin miner CleanSpark.
Summary
New Hampshire’s Executive Council rejected the proposed $100 million Bitcoin-backed bond by a 3-2 vote. CleanSpark planned to post about $160 million in Bitcoin without exposing taxpayers to direct repayment risk. Moody’s assigned the proposed bonds a Ba2 speculative-grade rating before the final state approval failed. The five-member council voted 3-2 against the plan during its July 8 meeting. The decision blocked the final state approval required for the New Hampshire Business Finance Authority to proceed with the transaction.
Meanwhile, the proposal appeared on the state’s July 8 Executive Council agenda. It called for the Business Finance Authority to issue taxable revenue bonds for NH CleanSpark Borrower Trust 2026-1.
The borrower planned to use the proceeds to finance a Bitcoin purchase and cover costs tied to the bond issuance. However, the Executive Council rejected the request after a public hearing and final review.
According to a Wednesday post on X, New Hampshire journalist Kevin Landrigan, three council members voted against the proposal, while two supported it.
NH Executive Council votes, 3-2, against being the first state to issue conduit bond for investor, CleanSpark to buy $100 mil. of bitcoin. No NH taxpayer risk. @KellyAyotte backed it, but Councilors @NHkaren, Dave Wheeler, R-Milford, and Janet Stevens, R-Rye, did not. #nhpolitics
— Kevin Landrigan (@KlandriganUL) July 8, 2026 The vote ended what supporters had presented as the first rated Bitcoin-backed bond issued through a U.S. state authority. The Business Finance Authority had approved the structure in November 2025, but the deal still needed approval from the governor and council.
CleanSpark planned $160M Bitcoin collateral Under the proposed structure, a private borrower connected to CleanSpark would have posted about $160 million in Bitcoin as collateral for bonds worth up to $100 million.
The parties planned to hold the Bitcoin in segregated wallets managed by BitGo. If the collateral value fell below about $140 million, the structure would have triggered liquidation and bond redemption.
The bonds were designed as limited-recourse obligations. Bondholders could claim only the Bitcoin collateral and related proceeds if the borrower failed to repay them.
As previously reported by crypto.news, the state would not have pledged taxpayer funds, its general credit or other public assets to the deal.
Governor Kelly Ayotte supported the proposal. She said the structure could bring new investment opportunities to New Hampshire “without risking state funds or taxpayer dollars.”
However, council members who opposed the plan raised doubts about the use of a state-linked authority for a Bitcoin-backed financing structure.
Moody’s gave bonds a Ba2 rating Moody’s Ratings assigned the proposed bonds a provisional Ba2 rating in March. That rating sits below investment grade and falls within Moody’s speculative-grade category.
The rating agency reviewed two proposed taxable bond series with maturities in 2029. Bitcoin price volatility and the operation of the collateral liquidation process formed key parts of the credit review.
The collateral would have represented about 160% of the principal issued. That overcollateralization aimed to protect bondholders during market declines.
Still, a Ba2 rating shows that Moody’s viewed the bonds as carrying material credit risk. The rating did not provide a guarantee against losses or prevent the council from rejecting the transaction.
Supporters may seek another vote New Hampshire House Majority Floor Leader Keith Ammon criticized the council’s decision. He called it “an extremely short-sighted decision” and asked members to reconsider the proposal after reviewing more information.
Ammon said the rejection could reduce future fee revenue for the Business Finance Authority. However, the authority has not announced a new hearing or revised version of the bond plan.
The decision comes despite New Hampshire’s wider support for digital assets. As crypto.news previously reported, the state approved the initial bond framework in 2025.
New Hampshire also became the first U.S. state to authorize a strategic cryptocurrency reserve. Its law allows the state treasurer to invest a limited share of eligible public funds in qualifying digital assets.
The failed bond vote does not reverse that reserve law. It applies only to the CleanSpark-linked conduit bond proposal presented to the Executive Council.
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 crypto market is going through a quiet phase, but many analysts believe this is when long-term opportunities are created. Crypto Coins continue to be an area of interest as institutional adoption is rising, governments are introducing clearer regulations, and blockchain networks are seeing record usage despite prices remaining below previous highs. Instead of chasing hype, one analyst says the market is focusing on projects with growing adoption, strong revenue, expanding ecosystems, and real-world utility.
Here are 10 cryptocurrencies that stand out in 2026.1. Bitcoin (BTC)Bitcoin remains the foundation of every crypto portfolio because its supply is permanently limited to 21 million coins.
The analyst says BTC is currently in an accumulation phase as institutions continue buying through spot ETFs and corporate treasury allocations. It remains the largest cryptocurrency and is widely seen as digital gold. Even though this list focuses on altcoins, most experts still recommend holding Bitcoin as the safest long-term crypto investment.2. Ethereum (ETH)Ethereum continues to dominate smart contracts and remains Wall Street’s preferred blockchain.
According to Galaxy Digital VP of Research Lucas Outumuro, Ethereum’s biggest strengths are its credibility, security, Layer-2 scaling, privacy upgrades, and future quantum-resistant roadmap.Why @Uptodatenow flipped from ETH skeptic to ETH bull:
"Credibly neutral settlement layer: the world needs that. Demand exists."
"I used to be very skeptical of… pic.twitter.com/WbwAmAcslv
— The Rollup (@therollupco) July 8, 2026 Ethereum is also benefiting from growing institutional adoption. Robinhood recently launched its own Layer-2 network using Ethereum technology, while tokenized real-world assets and stablecoins continue expanding on the network. 3. Solana (SOL)Solana is becoming one of the fastest-growing blockchain ecosystems.
Developers continue choosing Solana for payments, consumer apps, gaming, DeFi, and tokenized assets thanks to its high speed and low transaction costs.Helius CEO Mert Mumtaz recently described Solana as a “global Silicon Valley” for blockchain developers, where entrepreneurs can build products without worrying about scaling issues. The network also continues attracting major institutions through tokenized asset projects.4. Uniswap (UNI)Uniswap remains the largest decentralized exchange and continues benefiting from rising DeFi adoption.
One of its biggest catalysts this year is its partnership with Robinhood, bringing decentralized trading closer to mainstream investors.The protocol continues generating strong fee revenue while expanding its services across multiple Layer-2 networks, making UNI one of the strongest DeFi projects heading into the next market cycle.5. Cardano (ADA)Although Cardano has received criticism over the past few years, analysts believe the project remains undervalued.
Founder Charles Hoskinson recently argued that Cardano’s ecosystem continues growing steadily through research-driven development and new innovations instead of copying competing blockchains.The network is also expanding governance features, decentralized applications, and developer activity, keeping ADA among the largest blockchain ecosystems.6. Chainlink (LINK)Chainlink continues to strengthen its position as the leading blockchain oracle network.
Founder Sergey Nazarov said recent U.S. crypto legislation, including the GENIUS Act and the proposed CLARITY Act, will increase demand for Chainlink’s infrastructure.The network provides proof-of-reserves, cross-chain interoperability, and data services for stablecoins and tokenized assets. As banks and institutions tokenize more real-world assets, analysts expect Chainlink to play an increasingly important role.7. Bittensor (TAO)Artificial intelligence remains one of crypto’s fastest-growing sectors, and Bittensor (TAO) is widely viewed as its leading project.
According to Early crypto investor Michael Terpin, top AI tokens could outperform Bitcoin over the next few years as AI adoption continues accelerating.Bittensor allows developers to build decentralized AI networks while rewarding contributors through blockchain incentives. As AI investment grows globally, TAO is becoming one of the sector’s biggest beneficiaries.8. Hyperliquid (HYPE)Hyperliquid has become one of 2026’s biggest success stories.
The decentralized perpetual futures exchange processed over $1.34 trillion in trading volume during the first half of the year while generating more than $320 million in protocol revenue.Moreover, the project recently entered the Bitwise 10 Crypto Index ETF, replacing Avalanche, showing growing institutional interest. The analyst also sees future regulated trading products and institutional participation could drive further growth for Hyperliquid.9. Sui (SUI)Sui continues attracting developers through its high-performance blockchain architecture.
The network focuses on payments, gaming, AI applications, decentralized finance, and scalable infrastructure.Mysten Labs CEO Evan Cheng says Sui offers the technology needed to support large-scale on-chain financial applications while handling much higher throughput than many existing blockchains. Its rapidly growing ecosystem keeps it among the top Layer-1 projects to watch.10. XRPXRP remains one of the most hot cryptocurrencies as Ripple expands its global payments business.
The company continues growing its stablecoin ecosystem, tokenized asset services, and partnerships with financial institutions.With clearer U.S. regulations gradually taking shape and Ripple increasing its focus on cross-border payments and tokenization, the analyst thinks XRP could benefit from broader institutional adoption over the coming years. Story Ends Here
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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.
TLDR: Bitcoin price recovered toward $64,000 after U.S. spot Bitcoin ETFs recorded $221 million in net inflows, ending a 10-day period of outflows. Bitcoin and Ethereum gained as market pressure eased, but traders continue monitoring resistance levels and broader macroeconomic conditions. Bitcoin price analysis shows $63,600 as a key support area, while a move above $65,000 could improve short-term market momentum. Stablecoin supply contraction and upcoming U.S. CPI data remain important factors that could influence crypto market direction. Bitcoin price moved back toward $64,000 after U.S. spot Bitcoin ETFs recorded fresh inflows, reducing pressure from a prolonged selling period. The recovery followed a 10-day stretch of ETF outflows that weighed on institutional demand.
U.S. spot Bitcoin ETFs registered $221 million in combined net inflows on July 9, marking a shift from recent withdrawals. The previous outflow period removed about $2.73 billion from the market, adding pressure on Bitcoin during its decline.
Bitcoin also benefited from improved sentiment across risk assets. The broader crypto market gained more than 2%, while lower liquidation levels reduced pressure from leveraged positions.
The rebound has not confirmed a new trend yet. Traders continue to watch whether ETF demand can remain consistent and whether Bitcoin can break key resistance levels.
Bitcoin Price Faces $65K Resistance as Traders Watch Data The Bitcoin price is currently testing the $65,000 resistance area after holding above the $63,600 support level. Market participants are watching this zone because a sustained move higher could improve short-term momentum.
Technical indicators show a mixed outlook. Bitcoin remains above the 25-day moving average, while the MACD indicator is showing early signs of recovery. However, traders are still monitoring whether buyers can maintain strength above recent levels.
Analyst Ali Martinez noted that Bitcoin remains inside a descending channel on the four-hour chart. He identified $63,600 as an important support level and warned that a failure to hold it could expose BTC to lower levels near $59,700 and $56,550.
Bitcoin $BTC is getting rejected at the top of its channel.
This could trigger a pullback toward $59,700, with $56,550 as the next downside target. pic.twitter.com/GvI9fMFQbD
— Ali Charts (@alicharts) July 8, 2026
A move above $65,000 could open the way toward the $66,000 area. Some market watchers are also tracking the $67,400 resistance level, which represents the neckline of a double-bottom formation.
Bitcoin price models remain divided over the longer-term outlook. The stock-to-flow model suggests higher valuations based on scarcity, while cycle-based models indicate that additional volatility could appear before the next major market phase.
Stablecoin supply has also become a factor for traders. Since reaching a peak of about $321 billion, stablecoin supply has declined around 4.4%. A continued decline could reduce available liquidity across crypto markets.
Bitcoin ETF Flows and Macro Risks Shape Next Move Institutional activity remains a key driver for Bitcoin price movements. Bitwise recently pointed to a changing market structure, where professional investors have become more active in Bitcoin compared with earlier cycles.
Despite renewed ETF inflows, investors continue watching inflation data and Federal Reserve policy. The upcoming U.S. CPI report on July 14 could influence expectations around interest rates and risk assets.
Geopolitical developments also remain important. Renewed U.S.-Iran tensions have affected oil prices and created uncertainty across financial markets. Bitcoin has traded alongside broader risk assets during recent periods of market stress.
Bitcoin price has also recovered despite Strategy selling part of its Bitcoin holdings. The company sold about $216 million worth of BTC to increase cash reserves for dividend obligations.
The next key levels remain focused on support near $63,600 and resistance between $65,000 and $67,400. A sustained move above resistance could improve the short-term structure, while a decline below support would expose Bitcoin to further downside risks.
Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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For us, who spent the past month glued to oil charts, the screens have changed. Now we’re refreshing congressional calendars instead. Crypto regulation, not missiles nor crude price, is becoming the biggest talking point as Bitcoin and Ethereum price continue to hold steady. Policy has become the market’s new obsession.
The U.S. approach to crypto regulation may finally be shifting.
Senator Cynthia Lummis says the CLARITY Act is designed to replace years of regulatory uncertainty with clear rules for digital assets.
If it becomes law, it could give institutions more confidence to build in the… pic.twitter.com/0FbqK7khYo
— Kyren (@noBScrypto) July 9, 2026 Although Middle East headlines still grab attention, crypto is now spending more time debating legislation, SEC guidance, and CFTC oversight. For now, politics in Washington seems to matter more than politics in the Gulf.
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Bitcoin Price Holds Up as Markets Await Policy ClarityBitcoin price is holding at the mid-$63,000 range after recovering from June’s selloff. Softer U.S. economic data and easing energy prices have helped improve risk sentiment, while ETF flows remain mixed. Buyers continue stepping in on dips, as institutions remain willing to accumulate despite short-term uncertainty.
Attention is already turning to upcoming inflation data and the Federal Reserve’s next meeting. A cooler CPI reading could give the Bitcoin price another push, but many traders believe Washington will ultimately have the bigger say.
That is because crypto regulation is moving unusually fast. Congress continues debating the CLARITY Act, while regulators are working toward clearer rules on digital assets after years of uncertainty. The SEC and CFTC have already issued joint guidance aimed at defining how crypto assets should be treated under federal law.
Discover: The Best Token Presales
Ethereum Price Finds Support Beyond ETF HeadlinesEthereum price remains under pressure compared with earlier this year, but the network itself grows. Layer 2 activity, tokenized assets, and decentralized finance are all expanding even while ETH trades sideways.
ETF flows have swung between inflows and outflows, yet developers have largely ignored the day-to-day noise. Instead, they remain focused on scaling Ethereum and attracting more onchain activity. It is not exactly headline-grabbing, but builders rarely care whether traders are having a good week.
Robinhood Chain may not move the Ethereum price overnight, but it could quietly strengthen the network over time. Built as an Ethereum Layer 2 using Arbitrum Orbit, the chain settles transactions back to Ethereum and uses ETH for gas. This brings activity and ultimately feeds into Ethereum’s ecosystem.
The Ethereum price could also benefit if lawmakers deliver clearer rules for decentralized finance. Several industry groups continue urging regulators to create frameworks tailored to DeFi instead of squeezing it into decades-old financial rules. It’s looking bright for Ethereum price.
Discover: The Best Crypto to Diversify Your Portfolio
Crypto Regulation Is the Market’s New CatalystThe biggest shift is psychological. A few weeks ago, people jumped at every geopolitical headline. Now they are dissecting committee schedules, regulatory guidance, and draft legislation with the same intensity.
That helps explain why Bitcoin and Ethereum price have held relatively resilient despite ongoing global tensions. Investors increasingly believe clearer rules could encourage fresh institutional capital, especially if Congress finally delivers long-awaited market structure legislation.
🚨LAWMAKERS PREPARING REVISED CLARITY ACT FOR POSSIBLE INTRODUCTION NEXT WEEK!
U.S. negotiators are working on a new or updated version of the Digital Asset Market Clarity Act, which could be introduced as soon as next week, CoinDesk reports.
This comes as Congress returns from… pic.twitter.com/rYp5feGoM8
— Crypto Banter (@crypto_banter) July 9, 2026 It’s becoming more obvious now, crypto regulation has replaced geopolitics as market’s conversation, and both the Bitcoin and Ethereum price are taking their cues from Washington more than the latest oil headline.
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Bitcoin and Ethereum options worth about $1.75 billion expired on July 10 as traders maintained a cautious view of the crypto market.
Summary
Bitcoin options worth $1.5 billion expired as traders watched the key $62,000 maximum pain level. Ethereum’s 1.26 put-call ratio reflected unusually high demand for downside protection during the weekly expiry. Institutional traders sold short-term calls, suggesting limited confidence in a sustained crypto market rally ahead. According to data shared by Greeks.live, about 23,000 Bitcoin options expired with a notional value of $1.5 billion. The contracts had a put-call ratio of 0.97 and a maximum pain level of $62,000.
Meanwhile, 140,000 Ethereum options expired with a notional value of $250 million. The ETH contracts carried a put-call ratio of 1.26 and a maximum pain level of $1,700.
Bitcoin options traders limit short-term upside Bitcoin remained above $60,000 for most of the week and briefly reached $64,000 during Asian trading on Friday. The price later stayed close to a resistance area between $64,000 and $64,500.
The weekly expiry covered about 7% of outstanding options, making it smaller than recent monthly and quarterly settlements. Therefore, the contracts alone were unlikely to cause a lasting move in the spot market.
July 10 Options Data
23,000 BTC options expired, with a put-call ratio of 0.97, a maximum pain point of $62,000, and a notional value of $1.5 billion.
140,000 ETH options expired, with a put-call ratio of 1.26, a maximum pain point of $1,700, and a notional value of $250… pic.twitter.com/6sx0FWNJMF
— Greeks.live (@GreeksLive) July 10, 2026 Bitcoin’s gamma exposure was concentrated near $64,000. A large number of call options also accumulated around that level, which may affect dealer hedging as the price moves through the strike.
However, Greeks.live said large call trades increased during the week because traders sold short-term calls slightly above the market price. This strategy generates income when traders expect an asset to remain flat or fail to rise beyond a selected strike.
The activity suggested that institutional traders had doubts about Bitcoin’s near-term upward momentum. Still, the 0.97 put-call ratio showed that the total number of puts and calls in the expiry remained nearly balanced.
Options skew retains downside bias In a separate options market update, Greeks.live said Bitcoin’s 25-delta skew had stabilized after a sharp repricing during June.
The one-day, seven-day and one-month readings stood at -6.4%, -6.7% and -7%, respectively. Negative skew means traders are paying more for downside protection than for similar bullish positions.
BTC's 25 delta skew has stabilized across the curve following the sharp repricing observed through June, although downside protection continues to command a premium across all major maturities. Current readings stand at -6.4% (1D), -6.7% (7D), and -7.0% (1M), indicating that… pic.twitter.com/An1c7KyrgY
— Greeks.live (@GreeksLive) July 7, 2026 “Puts continue to trade at a premium to calls across all major expirations,” the firm said.
However, it added that the size of that premium had become more uniform across different contract periods.
The data showed that defensive demand was no longer concentrated only in contracts close to expiry. Medium-term options also accounted for a larger part of the downside premium.
Greeks.live described the setup as a “more normalized term structure” but said options pricing retained “a persistent downside bias.” The statement reflects current positioning and does not guarantee that Bitcoin will decline.
The July 3 expiry also showed demand for short-term downside protection. That event involved $1.9 billion in BTC options, with maximum pain at $61,000.
Ethereum puts remain unusually elevated Ethereum’s put-call ratio reached 1.26, meaning put options outnumbered calls in the weekly batch. The ratio remained high for a second consecutive week after reaching 1.29 during the previous expiry.
Greeks.live linked much of that activity to protective positions with strike prices below $1,500. These puts were deeply out of the money as expiry approached, but they showed that some traders had hedged against a sharper ETH decline.
Ethereum gamma exposure was concentrated near $1,750, with call accumulation also visible around the level. However, ETH remained below the $1,700 maximum pain area during parts of the settlement period.
Ether traders showed heavier put demand during the July 3 expiry. The earlier batch included 135,000 ETH contracts with a 1.29 put-call ratio and maximum pain at $1,650.
Broader markets keep crypto activity subdued The options expiry followed a week of mixed price action across crypto and traditional markets. U.S. and South Korean equities also faced corrections, while traders assessed interest-rate policy and geopolitical risks.
As reported by crypto.news,Bitcoin recently lost the $64,000 level after a hawkish Federal Reserve decision. The change in rate expectations reduced demand for several risk assets.
Open interest remained large despite the smaller weekly expiry. Bitcoin options open interest across exchanges stood near $28.7 billion, while Ethereum options open interest was about $4.4 billion.
Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE) have recovered as technical talks between the US and Iran continue, according to a US official.
This comes as Middle East tensions rise following two days of strikes that threatened to collapse an already fragile ceasefire, with President Trump saying the ceasefire is “over.”
Technical Talks with Iran Will Proceed, Says US Official A US official confirmed that the US remains committed to a resolution and that technical talks with Iran will proceed, Bloomberg reported. These focus on issues including nuclear matters, the performance-based MOU, sanctions, and shipping in the Strait of Hormuz.
As a result, Oil prices slipped lower, the US 10-year Treasury note eased to around 4.54%, and the US dollar index (DXY) fell toward 100.5 on Friday. This helped trigger a significant jump in Asian stock markets and crypto prices of Bitcoin, XRP, and DOGE.
Meanwhile, Israel tells the US it has new intelligence implying Iran is planning a new assassination attempt against President Trump. At Khamenei’s funeral last week, Iranian mourners displayed a banner reading “We Will Kill Trump.”
Tensions in the Middle East are rising as reports claim Kuwait, the UAE, and Bahrain carried out coordinated strikes targeting Iran, with U.S. intelligence support. This comes after Iranian attacks on Kuwait, Bahrain, Jordan, and Qatar, including targeting U.S. military infrastructure.
Meanwhile, Democrats such as Chuck Schumer, Nancy Pelosi, Elizabeth Warren, and Mark Warner slammed Trump for failing to secure a ceasefire and dragged America back into a “dangerous and illegal war” with Iran.
Having failed to secure a lasting peace or achieve his stated objectives, President Trump has once again dragged America back into a dangerous and illegal war with Iran.
By ignoring the vote of the Congress to stop this war, the President has doubled down on endangering American…
— Nancy Pelosi (@SpeakerPelosi) July 9, 2026
Investors Push Bitcoin, XRP and DOGE Prices Higher Bitcoin and the broader crypto market saw a notable upside momentum over the past few hours. BTC price climbed above $64,000 after a more than 1% jump in just an hour. In the last 24 hours, BTC has climbed nearly 4% over the past 2 days.
The derivatives market showed buying in the last few hours, as per CoinGlass data. The total Bitcoin futures open interest climbed 2.70% to above $47 billion in the last 4 hours. Massive buying was recorded across CME, Binance, OKX, Bybit and other crypto exchanges.
Total Bitcoin Futures Open Interest Climbs. Source: Coinglass XRP also bounced higher, holding near $1.11 amid positive developments, including US-Iran talks on a potential ceasefire and nuclear deal. The intraday low and high were $1.09 and $1.11, respectively.
Fed Chair Kevin Warsh has announced task forces, led by industry insiders such as venture capitalist Marc Andreessen and XBOX CEO Asha Sharma, to overhaul central bank strategies, with a focus on AI, data, and inflation.
Whereas Dogecoin (DOGE) pumped more than 2% in the last 4 hours, with the price currently trading at $0.074. XRP and DOGE futures open interests also jumped 1% in 4 hours, signaling positive sentiment for further upside.
To capture these swift market movements, active traders can compare the leading platforms by exploring our guide to the best crypto apps for mobile trading.
Chainlink‘s native token LINK has been trading within a falling wedge pattern against Bitcoin for several months, a technical structure typically seen during extended periods of selling pressure and sideways price action. As the price now approaches the lower boundary of this wedge, buyers are attempting to defend the current level, keen to stave off further declines.
Falling wedge formation draws attentionAccording to analyst Time Freedom, the monthly LINK/BTC chart shows the emergence of this pattern, marked by lower highs and weakening price action since LINK’s last peak. This trend suggests that while selling pressure has not vanished entirely, it may have gradually eased compared to earlier phases.
On the chart, LINK appears to be nearing the final stage of the wedge formation. These periods are often accompanied by heightened volatility as the tussle between buyers and sellers intensifies. A break above the upper trend line could indicate the weakening of the prevailing downtrend. Conversely, a continued rejection at this level may prolong the consolidation phase.
Glossary: A falling wedge is a technical formation characterized by both lower highs and lower lows, with price movement narrowing over time. It often indicates the potential for a trend reversal, but is not a definitive signal on its own and requires confirmation from a breakout.
On longer timeframes, the relative strength index (RSI) remains close to its lower ranges, highlighting the limited market momentum compared to previous cycles.
As Time Freedom’s chart shows, LINK is advancing toward the end of the falling wedge formation, a stage that is typically marked by increased volatility due to intensified competition between buyers and sellers.
Short-term resistance at 7.65 dollars stands outAnalyst CryptoWZRD observed that LINK ended the week with a weak trend and highlighted $7.65 as a key resistance for the next move. A sustained break above this level could open room for a stronger recovery. Otherwise, the price may continue moving within a sideways range.
During intraday trading, LINK closed around $7.60 to $7.70. Although there has been only a limited uptick over the last 24 hours, indicators are not yet confirming a clear shift in direction. While buyers are attempting to gain ground, the market remains focused on whether this momentum can be sustained.
Focus shifts to momentum change across the Chainlink ecosystemChainlink remains a crucial infrastructure in the crypto ecosystem thanks to its decentralized oracle service, providing external data to blockchain applications. As a result, LINK’s technical setup is being closely monitored, not just for its price action but also as a sign of broader risk appetite within the Chainlink ecosystem.
Technical charts show LINK’s trading volume remains notably lower compared to previous periods. With its all-time high around $52.70, the current structure raises questions about whether buyers can gather enough strength to halt the recent downtrend and defend critical support zones.
At the moment, LINK finds itself balancing potential for a wedge breakout with ongoing sideways consolidation. In the near term, the $7.65 level continues to serve as a key indicator for market direction, widely watched by traders and analysts alike.
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.
US crypto concept stocks rose in pre-market trading, with Circle surging nearly 8%.
According to market data from BIT (bit.com), U.S. crypto-related concept stocks advanced in pre-market trading. Circle jumped nearly 8% after the firm secured approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up its national digital currency bank. Strategy rose nearly 5%, Coinbase gained over 4%, and Robinhood climbed more than 3%.
9 minutes ago
Ark Invest increased its Circle stock holdings by $13.7 million and trimmed its Robinhood positions.
Cathie Wood’s investment firm Ark Invest added to its holdings in Circle Internet Group on Thursday while offloading part of its Robinhood stake. Latest trading disclosures show Ark purchased a total of 217,896 Circle shares via its three ETFs—ARKK, ARKW, and ARKF—valued at roughly $13.7 million based on Thursday’s closing price of $63.01 per share. Separately, Ark sold 85,319 Robinhood shares worth $9.8 million.
9 minutes ago
Metaplanet is exploring the introduction of Bitcoin-backed digital credit to Japan.
According to CoinDesk, Tokyo-listed firm Metaplanet is forming a joint research team with Japanese yen stablecoin issuer JPYC and regulated security token platform Progmat to explore Bitcoin-backed digital credit products. The initiative will tokenize BTC collateral for use in debt instruments that accrue interest daily and can be traded and settled 24/7. Siiibo Securities, which Metaplanet acquired this year and plans to rebrand as Metaplanet Securities, will also participate in the research, handling product design and sales. Currently, Metaplanet holds around 43,000 BTC, which it intends to use as credit enhancement, a store of value, and compliant collateral assets to address the high financing costs and cumbersome processes faced by medium-sized and growing Japanese enterprises in the traditional bond market.
9 minutes ago
AI writing startup Marker secures $13 million in seed funding.
London-based AI writing startup Marker, co-founded by a former DeepMind creative lead, has exited stealth mode and announced a $13 million seed funding round. The round was led by Index Ventures, with participation from Local Globe. Angel investors include Writely co-founder Steve Newman, Slack co-founder Cal Henderson, and Hugging Face’s Thomas Wolf.
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Ledger: Tangem Hardware Wallets Have Laser Attack Vulnerability, No Fix Available for Devices Already Sold
Ledger researchers have discovered that a laser attack can reset the passcodes on all Tangem hardware wallet cards. The attack requires physical access to the device, roughly $250,000 worth of laboratory equipment, and existing cards already in circulation cannot be patched.
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Bitget expands its pledge-to-borrow service to support 26 stock tokens as collateral.
According to an official announcement, Bitget’s staking and borrowing platform has added stock tokens (rTokens) as collateral assets. The first batch includes 26 popular U.S. stocks and ETF tokens, such as rNVDA, rAAPL, rGOOGL, and rQQQ, covering sectors including technology, semiconductors, and index funds. Users holding these stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, unlocking capital liquidity without selling their positions. The web-based feature is already live, while the app version will launch next week. For specific collateral parameters and more details, please refer to Bitget’s official platform. It is noted that rTokens, identified by the format of the letter 'r' plus the stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, Bitget’s licensed Real-World Asset (RWA) protocol. Via a partnership with regulated broker Alpaca, they directly connect to global liquidity pools including the Nasdaq and New York Stock Exchange. Their key features include: 1:1 reserve of underlying assets held by licensed custodians, stock dividends distributed on a 1:1 basis in token form, synchronized mapping of corporate actions (such as stock splits and consolidations), and eligibility as combined margin for unified accounts and U.S. dollar-denominated contracts, enabling users to flexibly manage their funds while holding global stock assets.
Wells Fargo has adjusted its portfolio of crypto-related assets, according to its latest filing with the US Securities and Exchange Commission (SEC). The bank boosted its holdings in Strategy shares—a company known for holding large Bitcoin reserves—as well as in Ethereum and Solana-linked investment products. In contrast, Wells Fargo scaled back certain Bitcoin ETF positions, reflecting a more defensive approach amid increased geopolitical tension.
Shift in Strategy and Bitcoin ETF PortfolioThe filing shows that Wells Fargo increased its holdings in Strategy shares, led by Michael Saylor, by approximately 125% from the previous quarter to nearly 726,000 shares. This expansion cost about $41.5 million. Strategy, formerly known as MicroStrategy, is closely tied to Bitcoin price movements due to its massive Bitcoin reserves.
While growing its position in Strategy, Wells Fargo also restructured its portfolio of Bitcoin ETFs, taking a more cautious stance in several areas.
The bank reduced its investment in BlackRock’s iShares Bitcoin Trust by 75,102 shares, but simultaneously opened a new call option position on the product. The filing also reveals increased exposure to put options on IBIT, indicating a more conservative outlook. These changes come against the backdrop of rising tensions between the US and Iran, prompting a more risk-averse strategy.
Additionally, Wells Fargo trimmed its positions in the Invesco Galaxy Bitcoin ETF, ARK 21Shares Bitcoin ETF, and Fidelity Wise Origin Bitcoin Fund. However, the bank did not fully exit Bitcoin exposure; instead, it increased investments in Grayscale Bitcoin Mini Trust, Grayscale Bitcoin Trust, and Bitwise Bitcoin ETF. Notably, the Bitwise Bitcoin ETF position grew by 24% quarter-over-quarter.
Expansion in Ethereum and Solana InvestmentsWells Fargo expanded its exposure to Ethereum-linked products as well. The bank increased its stake in BlackRock’s iShares Ethereum Trust by nearly 65%. This position now stands at over 1.10 million shares, valued at approximately $17.56 million.
According to the filing, the bank also holds 257,157 Bitwise Ethereum ETF shares, 4,637 Grayscale Ethereum Staking ETF shares, and 623 VanEck Ethereum ETF shares. In a first, Wells Fargo took positions in Solana, buying 13,280 shares of Grayscale Solana Trust and 1,638 shares of Fidelity Solana Fund.
Glossary: Strategy, formerly known as MicroStrategy, is a US-based software company notable for holding a significant volume of Bitcoin on its balance sheet. An Ethereum staking ETF is a type of exchange-traded fund that aims to provide investors with returns tied not only to the price of Ethereum but also to validation income generated by staking.
Broader Moves in Crypto-Linked EquitiesBeyond exchange-traded products, Wells Fargo also broadened its portfolio in crypto-related equities. The bank dramatically increased its holding in Bitmine Immersion from 2,323 shares to 21,547 shares, an increase of about 828%, valued at approximately $426,000.
The filing indicates that Wells Fargo is building a diversified portfolio connected not only to Bitcoin, but also to Ethereum and Solana assets.
The disclosure also lists new treasury-related positions in American Bitcoin Corp. and Strive Asset Management. American Bitcoin Corp. has previously received backing from the Trump family. In addition, Wells Fargo increased its Robinhood stake by 65% to roughly 2.56 million shares and opened a new put option position valued at around $116,000 in Robinhood.
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.
Bitwise named the CLARITY Act as one of the key catalysts for crypto markets in the third quarter, saying its passage could likely mark the bottom of the current bear market.
The asset manager laid out four catalysts in its Q3 2026 report. It added that this quarter is make-or-break for the market structure bill.
Why the CLARITY Act Tops Bitwise’s Q3 ListThe CLARITY Act has been one of the most-watched bills for the crypto sector. However, it has faced key hurdles, with two issues now stalling its progress.
First, ethics provisions tied to the president’s family’s crypto interests have become a sticking point. Section 604, which shields non-custodial developers from money transmitter rules, has also drawn contested debate among lawmakers and law enforcement groups.
Prediction markets put the odds of the bill passing in 2026 near 40%. That figure has fallen sharply from 75% in mid-May.
Polymarket Odds For The CLARITY Act Passing in 2026. Source: PolymarketNonetheless, Bitwise remains cautiously optimistic about the bill’s chances. It said a successful vote would likely mark the bottom of this bear market. According to the firm, a failure would bring early volatility.
“If it passes, we believe it likely marks this bear market’s bottom. If it fails, expect volatility initially, then a clearing of uncertainty as the industry keeps building under a pro-crypto SEC and CFTC,” the statement read.
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The Other Q3 Crypto Market Catalysts on Bitwise’s RadarIn addition to the CLARITY Act, the asset manager outlined three more upcoming catalysts. Stablecoins sit second on the list. Regulators are due to finalize GENIUS Act rules this quarter, ahead of the law taking effect in January 2027.
Bitwise expects more large firms to announce stablecoin projects before go-live. It pointed to OpenUSD, backed by Stripe, BlackRock, Visa, Coinbase, and about 140 other firms.
“Stablecoin supply has held near $300 billion since last fall, a quiet show of resilience through crypto’s selloff. We see accelerating stablecoin growth as a catalyst for chains like Ethereum and Solana in Q3, as attention builds ahead of January’s effective date,” it added.
The firm also flagged the new Federal Reserve under Chair Kevin Warsh, whose approach remains largely unknown to markets. He has held rates steady so far. Bitwise expects a much clearer read on his Fed by the end of the quarter. The direction of rates is still hard to call. However, the firm noted that the Fed shapes sentiment across all risk assets, so any rate decision could move markets.
Finally, Bitwise highlighted a quiet re-rating in Decentralized Finance (DeFi). In the past month, Bitcoin (BTC) fell about 22%, yet the firm’s DeFi index dropped just 4%.
“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual, and almost no one is talking about it. We think DeFi is quietly re-rating,” the report read. “We expect DeFi’s outperformance to keep playing out in Q3, the kind of shift the market tends to notice late.”
Bitwise’s outlook follows a punishing Q2, crypto’s third straight quarter of losses and its worst run since 2022. How the current quarter progresses will show whether that streak extends or breaks.
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Key Highlights The banking institution expanded its Strategy position by 125%, reaching approximately 726,000 shares with roughly $41.5 million in additional exposure BlackRock’s Bitcoin ETF saw a reduction of 75,102 shares, though the bank redistributed holdings across alternative Bitcoin investment vehicles Ethereum-based ETF positions grew by 65%, with BlackRock’s Ethereum ETF holdings exceeding 1.10 million shares Initial investments in Solana-focused funds appeared in the filing, alongside an 828% expansion in Bitmine positions Galaxy Digital holdings were slashed by 97%, while Coinbase positions decreased by 25% A comprehensive SEC filing from Wells Fargo reveals the financial institution’s extensive digital asset holdings, demonstrating significant portfolio adjustments across Bitcoin, Ethereum, and Solana investment products, along with cryptocurrency-focused equities.
The financial powerhouse, managing $2.5 trillion in assets, amplified its stake in Michael Saylor’s Strategy by 125%, elevating total ownership to nearly 726,000 shares. This strategic move represents approximately $41.5 million in additional exposure to the prominent Bitcoin treasury enterprise.
Strategic Bitcoin ETF Portfolio Reallocation Despite reducing its BlackRock Bitcoin ETF stake by 75,102 shares from the previous quarter, Wells Fargo maintained its overall commitment to Bitcoin investment products. The institution similarly decreased positions in Invesco Galaxy’s Bitcoin ETF, ARK 21Shares Bitcoin ETF, and Fidelity’s Bitcoin offering.
Conversely, the bank strengthened investments in Grayscale’s Bitcoin Mini Trust, Grayscale Bitcoin Trust, and Bitwise’s Bitcoin ETF. The Bitwise allocation specifically increased by 24% on a quarterly basis.
Additionally, Wells Fargo initiated a fresh call option position in BlackRock’s Bitcoin ETF while simultaneously expanding put exposure—strategic decisions made during heightened market volatility linked to geopolitical tensions involving the United States and Iran.
Growing Commitment to Ethereum and Initial Solana Entry The bank’s Ethereum ETF strategy demonstrated notably different momentum. Wells Fargo increased its BlackRock Ethereum ETF allocation by approximately 65%, elevating total holdings beyond 1.10 million shares valued at roughly $17.56 million.
Supplementary Ethereum positions include 257,157 shares in Bitwise’s Ethereum ETF, 4,637 shares in Grayscale’s Ethereum Staking ETF, and 623 shares in VanEck’s Ethereum product.
Notably, the disclosure documents the bank’s inaugural positions in Solana investment vehicles. Wells Fargo acquired 13,280 shares of Grayscale’s Solana Trust alongside 1,638 shares of Fidelity’s Solana Fund.
Regarding cryptocurrency-related equities, Bitmine Immersion holdings surged dramatically from 2,323 to 21,547 shares—an extraordinary 828% increase—boosting Ethereum treasury exposure to approximately $426,000.
The institution also established new positions in American Bitcoin Corp, the Trump family-affiliated Bitcoin treasury enterprise, and Strive Asset Management’s treasury investment vehicle.
Wells Fargo enhanced its Robinhood position by 65%, reaching approximately 2.56 million shares. Concurrently, the bank initiated put option positions in Robinhood valued at nearly $116,000.
However, certain cryptocurrency stocks experienced significant reductions. Wells Fargo decreased its Galaxy Digital ownership by approximately 97% and trimmed its Coinbase stake by roughly 25%, according to regulatory disclosures.
The comprehensive filing illustrates a major financial institution actively reconfiguring its cryptocurrency market presence, prioritizing treasury-focused companies and diversified ETF instruments while strategically reducing exposure to specific individual equities.
Crypto market traders are bracing for Bitcoin, Ethereum (ETH), XRP, and Solana (SOL) options expiry today. Traders anticipate short-term volatility in the broader crypto market ahead of next week’s US CPI and PPI inflation data releases. Seasonality, cooling jobless claims, and US-Iran technical talks have sparked a recovery in crypto prices.
Bitcoin, ETH, XRP, and SOL jumped amid a fall in oil prices, US Treasury yields, and the US dollar index. Crypto market sets eyes on max pain amid potential recovery further.
Crypto Market Braces for $1.5 Billion Bitcoin Options Expiry According to Deribit data, more than 23K BTC options with a notional value of almost $1.5 billion expire on July 10, with a put-call ratio of 1. In the last 24 hours, call volume remains higher than put volume with a put-call ratio of 0.75, indicating a neutral stance among traders.
Moreover, max pain price is at $62,000, lower than the current Bitcoin price of $64,100. This shows a high odds of a pullback, but implied volatility and 25-delta skew signaled traders expect crypto market to remain flat.
Options traders are selling out-of-the-money calls, which indicates that institutions generally agree the market lacks upward momentum. This could keep Bitcoin price below $65K resistance level.
Bitcoin Options Open Interest. Source: Deribit Ethereum Options with $250 Million in Notional Value to Expire Over 140K ETH options with a notional value of $248 million are set to expire. The put-call ratio is 1.27. However, call volume has exceeded put volumes over the last 24 hours, with a bullish put-call ratio of 0.81.
Also, the max pain point is at $1,700, below the current market price. Notably, the call bets are higher at the strike price, indicating lower chances of massive selling pressure. Traders expect ETH price to move towards $1,800 after this week’s options expiry.
Ethereum Options Open Interest. Source: Deribit Ethereum price jumped almost 2% over the past 24 hours amid hopes of US-Iran talks to continue and broader crypto market recovery. The 24-hour low and high are $1,730 and $1,786, respectively. However, trading volume has dropped by 13%.
XRP and Solana (SOL) Max Pain Price XRP options of notional value $2.47 million to expire, with a put-call ratio of 0.76. The max pain price is at $1.06, indicating the key level to watch as the crypto asset shows higher volatility amid whale moves.
XRP price climbed 1.50% to $1.11, rising above the max pain price despite massive net outflows of $7.29 million from Bitwise XRP ETF. It saw a massive drop in trading volume over the past 24 hours.
XRP Max Pain Price. Source: Deribit Meanwhile, $17 million in Solana options will expire today, with a put-call ratio of 0.40. The max pain price is $75, lower than the current market price. However, traders eye upside momentum towards $80 strike price.
Crypto market traders await US CPI inflation data for cues before making further trades. Core inflation is projected to come in at 0.3% against 0.2% US CPI inflation print last month, keeping Core CPI YoY stable at 2.9%.
Cleveland Fed data showed the annual CPI inflation rate cooled from 4.2% in May to 3.9% in June. However, Goldman Sachs claims the combined effects of AI-induced increases in memory, software, and electricity prices are boosting inflation in the US.
AI Driven Memory Chips Costs Boosts Inflation. Source: Goldman Sachs Aside from adjusting their options positions, many macro-focused traders are actively placing wagers on the best crypto prediction markets to speculate directly on whether the core CPI will meet expectations.
Bitcoin (BTC) price rises above $63,000 at press time on Friday, extending its recovery as tensions between the US and Iran ease following missile strikes earlier this week. DeXe (DEXE) and Arbitrum (ARB) are leading gains over the last 24 hours as the broader market risk-off sentiment eases.
CoinMarketCap’s Fear and Greed Index is at 30 on Friday, up from 26 on Wednesday, reaffirming a mild increase in risk appetite among traders.
Fear and Greed Index. Source: CoinMarketCapBitcoin targets the 50-day EMABitcoin maintains a mixed near-term bias as the short-term recovery approaches the 50-day Exponential Moving Average (EMA) at $65,398 and remains well under the 200-day EMA at $75,025. The pair is attempting to stabilize after recent losses, while the long-term moving averages reflect a broader bearish trend.
From a technical perspective, BTC must clear the 50-day EMA at $65,398, which could extend its recovery to $70,000.
The Relative Strength Index (RSI) at 52 on the daily chart ticks up from the midline, hinting at mildly improving momentum, while the Moving Average Convergence Divergence (MACD) rises with its signal line toward the zero line, suggesting that downside pressure may be easing even as price remains structurally capped.
BTC/USDT daily price chart.On the downside, key support is clustered around the $60,000 region, where a horizontal level aligns with an underlying trendline base; a decisive drop through this zone would reopen the path toward deeper corrective losses.
DeXe and Arbitrum eye breakout rallyDeXe is up over 20% on Friday, testing an ascending resistance trendline near $34.50. The token extends a strong bullish phase, trading well above the 50-day EMA near $20.71 and the 200-day EMA near $12.91. This wide separation between spot and the key EMAs suggests an entrenched uptrend.
That said, the RSI at 77 sits in overbought territory, hinting that upside momentum remains robust but increasingly stretched. Meanwhile, the MACD and signal line are rising into positive territory, with an expanding positive histogram, reinforcing the dominant upward bias despite the risk of a corrective pause.
A decisive close above the trendline could test the R3 and R4 Pivot levels at $40.52 and $48.04, respectively.
DEXE/USDT daily price chart.Initial support is seen at the 50-day EMA around $20.71, where any deeper pullback could test trend-following buyers’ appetite, before stronger structural demand emerges near the 200-day EMA at about $12.91.
Arbitrum is up 5% on Friday, extending the 13% gains from the previous day. ARB price trades above the 50-day EMA at roughly $0.0882, where a decisive close could confirm a bullish tilt while it still remains well below the 200-day EMA near $0.1479, keeping the broader trend capped.
Momentum is improving, with the RSI hovering around 62 and the MACD line holding in positive territory, which together suggest buyers are gaining control without reaching overbought conditions.
Looking up, the R1 and R2 Pivot levels at $0.0967 and $0.1174, respectively, emerge as key resistance levels.
ARB/USDT daily price chart.Looking down, immediate support is at the 50-day EMA at $0.0882, while a deeper pullback toward the prior breakout area at $0.0835 would need to hold to preserve the nascent bullish bias.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitdeer Technologies has unveiled a $36 million manufacturing facility in Nevada, bringing production of its SEALMINER Bitcoin mining machines to the United States.
Summary
Bitdeer will invest $36 million in a Nevada factory to produce SEALMINER Bitcoin mining machines. The new Sparks facility is expected to begin commercial production by the end of 2026. Bitdeer shares jumped 14.1% as the company reported stronger U.S. manufacturing and 921 BTC mined in May. According to Bitdeer, the new plant in Sparks, Nevada, will manufacture key components for the company’s SEALMINER mining rigs, with commercial production scheduled to begin before the end of 2026. The company said the facility will strengthen its manufacturing capacity inside the United States while reducing its dependence on outside suppliers for critical mining equipment.
Shares of Bitdeer responded positively to the announcement, climbing 14.1% on Thursday to $14.33. Even after the rally, the stock remains about 27% below its June peak, although it has gained roughly 26% since the beginning of the year.
Nevada incentives support local manufacturing expansion Details released by Bitdeer show the Singapore-based company worked with Nevada Governor Joe Lombardo’s administration and local officials before selecting Sparks for the project. According to comments made by Bitdeer CEO Catherine Guo to local media, the state approved tax incentives, including reduced qualifying sales taxes, as part of the investment package supporting the facility.
Commercial production is expected to begin by year-end, allowing Bitdeer to manufacture more of its mining hardware domestically instead of relying as heavily on third-party suppliers. The company said the plant will focus specifically on Bitcoin mining equipment rather than artificial intelligence hardware.
Although the new factory centers on mining machines, Bitdeer has also expanded into AI cloud computing and high-performance computing services in recent years. According to the company, those businesses will continue separately from the Nevada manufacturing operation.
Bitcoin miners continue adding AI businesses Across the industry, publicly traded Bitcoin miners are investing beyond cryptocurrency mining as they seek additional revenue from power-intensive computing businesses.
MARA Holdings announced on Thursday that it plans to acquire a Texas site capable of supporting up to 2 gigawatts of capacity for AI and digital infrastructure projects. The company said the expansion will increase its ability to serve artificial intelligence workloads alongside its existing mining operations.
Earlier in the week, TeraWulf announced a 20-year data center lease agreement with AI startup Anthropic. According to TeraWulf, the contract could generate about $19 billion in revenue over its lifetime, highlighting the growing interest among mining companies in long-term AI infrastructure deals.
While several competitors are directing more resources toward AI data centers, Bitdeer continues expanding both its mining operations and supporting infrastructure. The Nevada facility adds manufacturing to that strategy by giving the company greater control over the production of its own mining hardware.
Separately, Bitdeer’s latest production update showed the company mined 921 Bitcoin during May. According to Bitdeer, the figure represents a 370% increase compared with the same month a year earlier, underscoring the rapid growth of its mining business as it adds new infrastructure and equipment.
The combination of higher Bitcoin production and domestic manufacturing comes as mining companies continue adjusting their business models after the latest Bitcoin halving. While many firms are pursuing AI-related contracts to diversify earnings, Bitdeer’s latest investment keeps its manufacturing expansion closely tied to its core Bitcoin mining business while increasing its presence in the United States.
The collapse of the U.S.-Iran ceasefire on July 8 sent prices back toward $62k, from a brief move into the $64k resistance zone. AMBCrypto reported that shortly after the news broke out, $300 million worth of long positions had been liquidated.
The rising leverage and inclination from derivatives traders to catch the market lows, without structural support, was a warning sign of deeper drawdown.
There was another factor to keep an eye on.
Stablecoin liquidity increases price sensitivity to bearish catalysts Crypto analyst Crypto Onchain drew attention to the liquidity drain seen in the centralized exchange Binance. USD Coin reserves have fallen by 21% over the past month, and Tether saw massive single-day outflows.
Source: CryptoQuant Anomalous outflows of $997 million on June 26 and $838 million on July 7 were seen. Together, they have taken Binance stablecoin outflows to a figure of –$115 million per day for the past week.
Stablecoin reserves on exchanges can be thought of as “dry powder”. This ammunition can be useful in buying local or cyclical crypto bottoms. Sustained stablecoin outflows mean holders are exiting the market.
Liquidity is migrating to DeFi, cold storage, and OTC desks, the analyst concluded. This could leave crypto vulnerable to localized bouts of volatility.
The 21% Bitcoin decline since May is a direct result of the fuel shortage Crypto analyst Axel Adler Jr. pointed out that stablecoin inflows to exchanges were drying up. The monthly average inflow fell 18%, from $3.20 billion to $2.65 billion.
Source: Axel Adler Jr The combined market capitalization of USDT and USDC has been falling in recent weeks. It showed a decreasing dollar base in the crypto market.
In mid-May, the 30-day market cap change was at zero, but fell to -$4.2 billion in early June, and was at -$3.2 billion now. Rather than being reallocated across assets, the stablecoin capitalization is actually shrinking.
Capital is leaving the system, the metrics confirmed. This loss of liquidity helps explain the market sentiment and why Bitcoin is down after the bounce to $83k.
Final Summary The liquidity drain in the form of stablecoin outflow from exchanges could leave crypto vulnerable to sudden bouts of volatility. Stablecoins are the fuel for crypto growth. Falling stablecoin market capitalization points to capital fleeing the crypto sphere.
Bitcoin’s downside support is getting stronger, even as a trillion-dollar AI spending spree and stalled crypto legislation create headwinds for the market. That’s the read from Bitwise’s Juan Leon, who laid out a surprisingly bullish case on July 9 for why the largest cryptocurrency’s price floor keeps ratcheting higher.
Leon, Bitwise’s Senior Investment Strategist, pointed to a split among institutional investors that tells an interesting story. One camp is treating recent price pullbacks as a buying opportunity. The other is parked on the sidelines, waiting for US regulators and lawmakers to provide the operational clarity they need before deploying capital.
The institutional tug of war During previous market downturns, institutional holders of Bitcoin ETFs, including Bitwise’s own BITB product, displayed what the firm describes as “diamond hands.” They held through volatility rather than panic-selling, a behavior that naturally creates a rising floor under the asset’s price.
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The more cautious players are waiting specifically for movement on the Clarity Act and other pending crypto legislation that has been grinding through Congress. These are the types of allocators who need a clear legal framework before their compliance teams will sign off on meaningful positions.
AI is eating crypto’s lunch, at least temporarily Hyperscale companies have been pouring money into AI infrastructure at a staggering rate, with capital expenditure in the AI sector projected to exceed $1 trillion across 2025 and 2026. For asset allocators with finite budgets and limited risk appetite, AI has been the shinier object.
Leon acknowledged this dynamic but framed it as temporary rather than structural. The AI boom doesn’t diminish Bitcoin’s value proposition, it just delays the timeline for broader institutional adoption.
Stablecoins tell the real story By mid-June 2026, the total stablecoin market cap had reached $322 billion, a figure that reflects deep and growing institutional engagement with on-chain finance. Stablecoins serve as the plumbing of the crypto economy. When their market cap expands, it typically means more capital is being parked on-chain, more transactions are flowing through decentralized rails, and more institutions are experimenting with tokenization.
What this means for investors The risk is that regulatory clarity takes longer than anyone expects, or arrives in a form that disappoints. If the Clarity Act gets watered down or delayed into 2027, the cautious institutional capital sitting on the sidelines stays there.
Bitwise’s positioning here is also worth noting. The firm manages the Bitwise Bitcoin ETF and has a direct commercial interest in institutional adoption of crypto. The most useful signal isn’t what any single strategist says. It’s the behavior of the ETF holders themselves, who have consistently chosen to hold through drawdowns rather than exit.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BitGo has introduced a suite of quantum risk management tools for institutional Bitcoin wallets, aiming to help clients identify, assess and reduce potential exposure to future quantum computing threats before they become a practical concern.
The tools expand BitGo's multi-signature custody platform with operational controls designed to improve wallet security, strengthen address management and reduce public key exposure across UTXO-based Bitcoin wallets, according to a statement on Thursday.
Quantum-risk tools target future computing threatsThe launch comes as concerns grow over the long-term implications of quantum computing on cryptocurrency protocols. While quantum computers capable of breaking Bitcoin's cryptography do not yet exist, security experts have increasingly urged institutions to prepare well in advance for the possibility.
"BitGo is investing in the foundation required for a post-quantum future for our clients," said BitGo CEO and co-founder Mike Belshe.
The firm noted that its multi-signature wallet architecture already minimizes unnecessary key exposure by using strict address hygiene and generating new addresses for Bitcoin transactions. The latest release adds new tools that provide institutions with greater visibility into wallet exposure and workflows for reducing potential risks at scale.
BitGo expands wallet risk management capabilitiesAmong the new features is a Quantum Risk Score that measures potential quantum-related exposure across supported Bitcoin wallets. The platform also introduces a smart UTXO selection method that groups and prioritizes unspent transaction outputs by address, helping reduce exposure that can arise from partial Bitcoin spends.
"We believe the safest key is one whose public key has never been revealed onchain. These capabilities give institutions a practical way to understand and reduce quantum exposure while continuing to rely on the proven security of multi-signature,” Belshe added.
BitGo has also added a guided "Fix Exposed Addresses" workflow, allowing institutions to move funds from addresses with elevated exposure into newly generated addresses with improved key hygiene.
In addition, updated default address-type controls are designed to reduce reliance on Bitcoin address formats and transaction patterns that may introduce additional quantum-related considerations.
The company noted that the tools are intended to complement, rather than replace, future protocol-level upgrades that could introduce post-quantum cryptographic protections to the Bitcoin network.
"Nobody has a quantum computer that can touch Bitcoin today, but that's exactly why the work should start now, while it's calm and optional rather than urgent and forced," Blockstream co-founder Adam Back stated.
BitGo noted that the new capabilities apply to supported UTXO-based assets and multi-signature wallet configurations, enabling institutions to proactively manage address-level risks using currently available technologies.
Bitcoin miner equity valuations used to move almost lockstep with the price of BTC. That story is now changing fast. According to a market note from CoinDesk, Compass Point analysts Michael Donovan and Ed Engel argue that AI compute contracts—not bitcoin mining economics—are becoming the primary valuation driver for publicly traded miners.
The analysts name Cipher Mining and TeraWulf as standout examples. Both stocks, they say, trade below the implied value of their signed AI hosting leases. Despite billions of dollars already locked into multi-year contracts, equity investors are applying a steep discount—a gap that the Compass Point team calls irrational.
The pivot toward AI infrastructure is not happening in isolation. Across the broader tech landscape, decentralized computing networks are attracting serious capital—partnerships like UXLINK and Origins Network show how scalable AI compute is being built on Web3 rails, while demand for AI data storage is turning projects like Filecoin into serious infrastructure plays. Bitcoin miners with low-cost power and industrial-scale cooling are well positioned to serve these clients, yet the market still prices them like pure-play crypto proxies.
Why the Contracts Are Being Ignored One reason is inertia. Wall Street has spent years modeling miners as leveraged bitcoin bets. Analysts and traders still reflexively mark their positions when BTC moves 5%, ignoring the fact that a growing slice of revenue is now dollar-denominated and uncorrelated to crypto spot prices. At Cipher and TeraWulf, existing AI hosting agreements cover multiple years and carry creditworthy counterparties. Compass Point’s work suggests that summing the net present value of those contracts alone yields a figure well above the companies’ enterprise values.
The market is treating those leases as aspirational rather than binding, perhaps because many miners entered the AI space hastily, converting surplus capacity without a track record. Yet the commitments are legally enforceable and, in several cases, involve blue-chip technology tenants. If anything, the infrastructure bottlenecks facing AI labs mean that miners with ready-to-use data center space command stronger negotiating power than the equity market credits them for.
The repricing of miner stocks echoes a larger trend where traditional asset classes are bleeding into on-chain value—real-world asset tokenization just crossed $20 billion, and institutions are now pricing everything from treasury bills to compute power as tokenized contracts. Mining companies that can bridge that gap between physical energy and digital contracts sit at a structural inflection point.
What Remains Uncertain Still, buying the miners on an AI thesis is not risk-free. Reconfiguring a bitcoin facility for high-density AI compute requires substantial capital upgrades—power distribution, networking, redundancy—and the execution has not been flawless across the sector. Permitting delays, equipment lead times, and the sheer complexity of operating in a 24/7 hyperscale environment separate the potential from the reality.
There is also the question of contract durability. AI demand is white-hot now, but if the hyperscaler capex cycle cools, extensions and escalators built into today’s leases could look less attractive. Compass Point assumes reasonable renewal probabilities, but the early-stage nature of the market means that even sophisticated models carry wide error bars. Investors will need to watch quarterly updates for conversion rates from signed intent to live revenue-generating racks.
For now, the disconnect between contract value and stock price is glaring. If the Compass Point analysis is even directionally correct, Cipher and TeraWulf represent mispriced optionality in a theme that is only just beginning to reshape the mining industry. The catalyst may not come from bitcoin’s next move, but from the next earnings call that proves AI cash flows are already here.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
TLDR: BitGo announces Quantum Risk Score to measure exposure across Bitcoin wallet addresses. New Fix Exposed Addresses workflow moves funds into keys with stronger hygiene practices. UTXO selection method groups addresses by wallet to limit exposure from partial spends. Belshe says safest key is one whose public key stays unrevealed on the blockchain. BitGo is announcing new quantum risk management capabilities for bitcoin wallets. The launch adds a Quantum Risk Score, a guided workflow for exposed addresses, a new UTXO selection method, and updated default controls. These tools build on BitGo’s existing multi-signature architecture for institutional clients.
BitGo Rolls Out Quantum-Focused Wallet Controls Built On Multi-Signature Security BitGo Holdings, Inc., trading as NYSE: BTGO, confirmed the launch as an expansion of its long-standing wallet security model.
The company built its reputation on multi-signature custody, a structure designed to remove single points of failure. This announcement adds quantum-focused tools directly into that same framework.
The centerpiece of the release is the Quantum Risk Score, a scoring system built into BitGo’s platform. It allows institutions to assess exposure levels across supported Bitcoin wallets in one place.
Clients can identify which addresses carry elevated risk due to public keys already visible on-chain. The score does not require a change to existing custody arrangements to be useful.
Paired with the score, BitGo introduced a guided remediation workflow named Fix Exposed Addresses. This tool walks clients through moving funds from higher-risk addresses into newly generated ones.
The new addresses follow improved key hygiene practices from the moment they are created. For institutions managing large wallet volumes, this removes much of the manual work involved.
Mike Belshe, CEO and Co-founder of BitGo, explained the reasoning behind the release. “We believe the safest key is one whose public key has never been revealed on-chain,” he said.
“These capabilities give institutions a practical way to understand and reduce quantum exposure while continuing to rely on the proven security of multi-signature.”
Additional Tools Target UTXO Handling And Wallet Defaults Alongside the risk score, BitGo announced a new UTXO selection method aimed at reducing exposure from partial spends.
This method groups and prioritizes unspent transaction outputs by address instead of handling them separately. The approach limits how often public keys get revealed during normal wallet activity.
BitGo was clear that some address types fall outside this particular tool’s scope. Formats like Taproot and Pay-to-Public-Key expose a public key from the moment they are created.
Funds already held in those address types require separate remediation steps, a distinction BitGo highlighted directly in its announcement.
The company also announced updated default address-type controls as part of the same release. These changes adjust how new wallets behave by default, reducing reliance on patterns tied to added quantum-related exposure. BitGo positioned this update as a companion to future protocol-level changes rather than a substitute for them.
Adam Back, Co-Founder and CEO of Blockstream and BSTR, weighed in on the timing of the release. “Nobody has a quantum computer that can touch Bitcoin today, but that’s exactly why the work should start now, while it’s calm and optional rather than urgent and forced,” he said.
Belshe echoed that same view when describing the broader strategy behind the launch. “We believe institutions do not need to wait for a quantum event to begin managing quantum risk,” he added.
“The right approach is to reduce exposure now, harden wallet operations, and prepare for the migration from today’s security models to future post-quantum standards.”
BitGo maintained that institutions do not need to wait for an actual quantum event before acting. The announcement frames quantum risk management as routine operational hygiene, one step in a longer migration toward post-quantum wallet standards.
[SINGAPORE] Bitcoin has fallen about 28 per cent this year, with its latest slide to a 21-month low sparked by Strategy unloading the cryptocurrency.
The world’s largest corporate holder of Bitcoin sold 3,588 tokens worth about US$216 million between Jun 29 and Jul 5 to fund dividends on its digital credit securities. The trades work out to an average of US$60,000 per Bitcoin.
The disposal marked its largest Bitcoin sale since 2022, despite long-time Bitcoin advocate and company chief Michael Saylor’s repeated declarations that the company would not sell its holdings.
The move has raised concerns that if Strategy continues to trim its Bitcoin holdings to raise cash, it could trigger prolonged volatility in the world’s largest cryptocurrency.
Even so, market observers believe the latest weakness is temporary, with some saying the recent pullback could present a buying opportunity for investors in South-east Asia.
A headwind or a tactical move?The optics of a staunch Bitcoin advocate liquidating a not-insignificant amount of tokens have raised fears that cash-raising sales could become a structural headwind.
Carsten Menke, head of next-generation research at Julius Baer, wrote in a Jul 2 note: “Forced selling by treasury companies is an overhang not only for Bitcoin, but digital assets more broadly.”
However, Vincent Chok, chief executive of digital assets custodian First Digital, pointed out that Saylor’s sale was likely a tactical manoeuvre designed to satisfy traditional credit rating agencies, rather than a fundamental loss of conviction.
Hassan Ahmed, Singapore country director of crypto platform Coinbase, also noted that the sale has not triggered a broader change in strategy among other large corporate holders. Danny Chong, co-chairman of non-profit Digital Assets Association (DAA), agreed that there is no evidence of broad institutional capitulation. “Some institutional selling is inevitable as Bitcoin becomes more widely held by funds, corporates and treasury investors,” he noted.
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Instead, he said the key question is whether the selling is driven by a loss of conviction or simply by liquidity needs, portfolio rebalancing or treasury management.
So why is Bitcoin low now?Ahmed attributed Bitcoin’s near-term softness to broader macroeconomic forces. The cryptocurrency is a highly liquidity-driven asset, making it sensitive to hawkish US Federal Reserve signals.
Chong echoed this sentiment, cautioning against attributing the recent drop to a single factor. While Strategy’s sale may have triggered headlines, Chong pointed out that the broader drivers are macro conditions, capital flows and risk sentiment.
“As institutional participation grows, Bitcoin is increasingly affected by portfolio allocation decisions that also influence equities, gold and other major asset classes,” Chong said.
Despite the price drop, the underlying structure of the largest cryptocurrency’s market is showing signs of resilience, said experts.
Ahmed said that Bitcoin has matured significantly as an asset class. Because it now takes substantially more capital to move the market, historical volatility is dampening.
While previous market cycles suffered drawdowns of 60 to 80 per cent, Ahmed suggested that the current cycle’s maximum drawdown might cap out much lower, potentially around 53 per cent from its peak.
Chong agreed that Bitcoin’s fundamentals have not weakened.
“Adoption continues to grow, institutional participation is increasing, and market infrastructure is much more mature than before,” he said, noting that recent price movements reflect sentiment and positioning rather than a deterioration in Bitcoin itself.
Because Bitcoin is becoming more institutionalised and access is improving through regulated products, Chong said that long-term investors may be encouraged to step in during periods of weakness, “making a sustained trend of lower lows less likely over the medium to long term”.
Rebound to comeDespite the short-term fear, sentiment remains opportunistic for Bitcoin.
First Digital’s Chok expects Bitcoin to begin rebounding around or after the end of the year, projecting a near-term price floor around US$52,000 to US$53,000. The cryptocurrency was trading at about US$63,000 on Thursday (Jul 9).
Ahmed pointed to a potential market turnaround by late Q3 or Q4, provided macro indicators such as inflation and jobs data begin to ease.
South-east Asian investors are also increasingly viewing the recent dip as an entry point, said Chok.
They have historically been more open to the relatively newer asset class and often favour holding tokens natively in cold wallets, he added.
For retail and South-east Asian investors navigating the current market, DAA’s Chong said that short-term institutional selling should not automatically alter a long-term investment thesis. However, investors must remain realistic about the inherent volatility.
Ultimately, while the temptation to sell now and buy back lower is high, both Ahmed and Chok warned against actively trading the volatility.
“Time in the market is just way more important than timing the market,” said Ahmed.
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.
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.
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.
PANews, July 10 – According to CoinDesk, in June alone, U.S. spot Bitcoin ETFs saw net outflows of $4 billion, led by BlackRock’s IBIT, as funds rotated into AI trades and the SpaceX IPO, among other opportunities. Bitcoin fell about 14% in the second quarter, dipping below $60,000 and recording its third consecutive quarterly loss. However, these outflows pale in comparison to the $2 trillion private credit market. In Q2, private credit redemption requests hit $15.6 billion, with 10 out of 16 business development companies (BDCs) breaching the 5% quarterly cap, and most investors received only partial payouts. Fitch expects redemptions to persist in the coming months, and unmet requests will keep many firms under sustained pressure.
Bitcoin ETFs are highly liquid, and outflows directly impact BTC prices; private credit BDCs, by contrast, are illiquid, long-duration instruments. The simultaneous redemption wave reflects broad market anxiety over liquidity and risk. Energy markets are also flashing risk-off signals, with the U.S. Strategic Petroleum Reserve at its lowest level since 1983. QCP Capital summed it up: “Different asset classes, same pattern: market buffers are shrinking.” It noted that the SPR near empty, Strategy selling BTC for the first time to pay dividends, and private credit redemptions breaching thresholds all point to a tougher environment for risk assets.
According to official announcements, OKX will launch spot trading for Solstice (SLX) at 20:00 on July 10. Users can start depositing assets at 10:00 the same day, pre-place orders for SLX/USDT between 19:00 and 20:00, and withdrawals will open at 22:00.
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The AI arms race has driven record bond issuance by tech giants, with six major tech companies issuing $182 billion in investment-grade bonds this year.
The Kobeissi Letter noted in a post that the AI arms race is driving large technology companies to borrow at record levels. Data shows that since the start of 2026, Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX have issued a record $182 billion in investment-grade bonds, a 1,300% jump from roughly $13 billion in the same period of 2025. These six firms account for nearly 15% of total U.S. corporate bond issuance so far this year, and contribute over 50% of the growth in this year’s corporate bond market. Meanwhile, the U.S. market has seen a record seven bond transactions worth $25 billion or more, matching the total number of such deals between 2019 and 2025. Six of these seven large bond deals came from the aforementioned six companies, with the remaining one from Salesforce. AI-related capital demand is reshaping the corporate bond market.
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A whale opened a long position on SK Hynix worth $22.8 million, likely betting that its US ADRs will continue rising after tonight's market opening.
According to on-chain analyst firm Yu Jin Monitoring, half an hour ago, crypto whale "AllegraSeam" transferred 20.32 million USDC to Hyperliquid and opened a long position in SKHX (SK Hynix) worth roughly $22.8 million at a price of $1,480. The day before yesterday, another whale also opened a long position in SKHX valued at around $30 million at $1,411. The market appears to be betting that SK Hynix’s US-listed ADR will continue rising after tonight’s opening. SK Hynix’s US ADR is priced at $149, corresponding to a Korean stock price of approximately $1,490, and SKHX’s current price is near this level.
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MiniMax Founder: Will No Longer Draw a Salary, Allocates 5% of Personal Company Shares for Team Incentives and Open-Source Support
MiniMax founder and CEO Yan Junjie has released an internal all-staff letter addressing recent market volatility, stressing the company’s long-term direction remains unchanged. In the letter, Yan announced that effective immediately, he will forgo all salary from the company until the day MiniMax achieves AGI. Over the next four years, he will allocate 4% of his personal shareholding in the firm to incentivize team members who have long stood by the company and co-created value. Additionally, he will set aside 1% of his shares to establish a special fund to continuously support the development of relevant open-source communities. (Jinshi)
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South Korea’s KOSPI index climbed more than 4% intraday, with Samsung Electronics surging over 5%.
According to Bitget data, South Korea’s KOSPI index rose 4.52% intraday, now standing at 7596.58 points. In terms of individual stocks, SK Hynix gained 2.6% and Samsung Electronics increased by over 5%.
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Whale Who Previously Shorted 16 Altcoins to Net $3.5 Million Suspected of Selling $13.69 Million Worth of ETH Again
On-chain analyst Ai Yi (@ai_9684xtpa) has detected that the Hyperliquid whale—who previously shorted 16 altcoins to pocket $3.5 million—is suspected of continuing to offload Ethereum (ETH). The address 0x410…75d08 withdrew 7,863 ETH from Spark an hour ago, worth roughly $13.69 million, then deposited all of it into Binance, likely for selling. A week prior, the same address transferred 6,860 ETH, valued at approximately $10.8 million, to a trading platform.
According to official announcements, OKX will launch spot trading for Solstice (SLX) at 20:00 on July 10. Users can start depositing assets at 10:00 the same day, pre-place orders for SLX/USDT between 19:00 and 20:00, and withdrawals will open at 22:00.
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The AI arms race has driven record bond issuance by tech giants, with six major tech companies issuing $182 billion in investment-grade bonds this year.
The Kobeissi Letter noted in a post that the AI arms race is driving large technology companies to borrow at record levels. Data shows that since the start of 2026, Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX have issued a record $182 billion in investment-grade bonds, a 1,300% jump from roughly $13 billion in the same period of 2025. These six firms account for nearly 15% of total U.S. corporate bond issuance so far this year, and contribute over 50% of the growth in this year’s corporate bond market. Meanwhile, the U.S. market has seen a record seven bond transactions worth $25 billion or more, matching the total number of such deals between 2019 and 2025. Six of these seven large bond deals came from the aforementioned six companies, with the remaining one from Salesforce. AI-related capital demand is reshaping the corporate bond market.
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A whale opened a long position on SK Hynix worth $22.8 million, likely betting that its US ADRs will continue rising after tonight's market opening.
According to on-chain analyst firm Yu Jin Monitoring, half an hour ago, crypto whale "AllegraSeam" transferred 20.32 million USDC to Hyperliquid and opened a long position in SKHX (SK Hynix) worth roughly $22.8 million at a price of $1,480. The day before yesterday, another whale also opened a long position in SKHX valued at around $30 million at $1,411. The market appears to be betting that SK Hynix’s US-listed ADR will continue rising after tonight’s opening. SK Hynix’s US ADR is priced at $149, corresponding to a Korean stock price of approximately $1,490, and SKHX’s current price is near this level.
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MiniMax Founder: Will No Longer Draw a Salary, Allocates 5% of Personal Company Shares for Team Incentives and Open-Source Support
MiniMax founder and CEO Yan Junjie has released an internal all-staff letter addressing recent market volatility, stressing the company’s long-term direction remains unchanged. In the letter, Yan announced that effective immediately, he will forgo all salary from the company until the day MiniMax achieves AGI. Over the next four years, he will allocate 4% of his personal shareholding in the firm to incentivize team members who have long stood by the company and co-created value. Additionally, he will set aside 1% of his shares to establish a special fund to continuously support the development of relevant open-source communities. (Jinshi)
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South Korea’s KOSPI index climbed more than 4% intraday, with Samsung Electronics surging over 5%.
According to Bitget data, South Korea’s KOSPI index rose 4.52% intraday, now standing at 7596.58 points. In terms of individual stocks, SK Hynix gained 2.6% and Samsung Electronics increased by over 5%.
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Whale Who Previously Shorted 16 Altcoins to Net $3.5 Million Suspected of Selling $13.69 Million Worth of ETH Again
On-chain analyst Ai Yi (@ai_9684xtpa) has detected that the Hyperliquid whale—who previously shorted 16 altcoins to pocket $3.5 million—is suspected of continuing to offload Ethereum (ETH). The address 0x410…75d08 withdrew 7,863 ETH from Spark an hour ago, worth roughly $13.69 million, then deposited all of it into Binance, likely for selling. A week prior, the same address transferred 6,860 ETH, valued at approximately $10.8 million, to a trading platform.
Public companies went on a Bitcoin shopping spree in Q2 2026 that makes their prior accumulation look like a warm-up lap. Over the quarter, publicly traded firms collectively scooped up 110,000 BTC, a figure that’s 1.8 times the total they acquired across the previous two quarters combined.
Total corporate Bitcoin holdings now exceed 1.26 million BTC, valued at roughly $79 billion. That’s more than 6% of Bitcoin’s hard-capped 21 million supply locked up in public company balance sheets.
Corporations are outpacing the miners Year-to-date through early July 2026, public companies have added a net 166,984 BTC to their reserves. During that same stretch, Bitcoin miners produced approximately 81,153 BTC.
In English: corporations are buying more than twice the amount of new Bitcoin entering existence. When a growing number of buyers compete for a shrinking pool of available coins, the float gets squeezed.
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Who’s doing the buying No surprise at the top of the leaderboard. Strategy, the firm formerly known as MicroStrategy, remains the undisputed heavyweight champion of corporate Bitcoin accumulation. The company holds approximately 843,775 to 847,000 BTC.
Interestingly, even Strategy isn’t purely in accumulation mode anymore. The company sold 3,588 BTC in late June and early July, a tiny fraction of its total stack but notable because it represents one of the few times the firm has moved coins out the door rather than in.
Behind Strategy, two names have emerged as serious contenders. Twenty One Capital holds around 43,500 BTC, while Metaplanet has built a position of roughly 43,000 BTC.
The concentration is worth noting. Strategy alone accounts for roughly two-thirds of all publicly held corporate Bitcoin. The remaining third is spread across a growing but still relatively small cohort of companies.
What this means for investors The supply-demand imbalance is the headline risk and opportunity. With corporate buyers absorbing more than double the new supply being mined, Bitcoin’s available float is shrinking in real time.
There’s a reflexivity problem worth watching. Many of these companies fund their Bitcoin purchases by issuing equity or convertible notes. That works beautifully when Bitcoin’s price is rising and investor appetite for these instruments is strong. It works considerably less well during drawdowns, when the same companies face margin pressure and potentially need to sell into weakness. Strategy’s small sale in late June could be a one-off, or it could be a preview of what happens when even the most committed holders need liquidity.
The 6% supply concentration in public company hands also introduces a new category of systemic risk. If a major holder ever faced a forced liquidation, whether from regulatory action, a corporate restructuring, or a leveraged position gone wrong, the market impact could be severe. Bitcoin has never had this much supply held by entities subject to quarterly earnings calls and SEC filings.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
