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TL;DR
U.S. spot XRP ETFs now hold a record 1.47% of total supply worth $1.04 billion, with institutions front-running the CLARITY Act's Senate deadline ahead of the Aug. 7 recessGrayscale's Zach Pandl says Bitcoin has outgrown its four-year halving cycle, pointing instead to the Fed's July 28–29 meeting as the market's next real catalystAFX Trade, Verus Bridge and B² Network lost a combined $35.56 million in three separate DeFi exploits, with Verus hit twice in three months by the same unresolved bugU.S. spot Bitcoin ETFs logged a seven-day, $1 billion inflow streak as Kazakhstan launches state-backed mining and Circle brings USDC to 20 million Kakao and Toss users in KoreaXRP leaves exchanges for ETF vaults ahead of decisive Senate voteU.S. spot ETFs have removed a record 1.47% of XRP's total supply from market circulation. According to the latest SoSoValue data as of July 23, 2026, the funds now hold 977.41 million tokens worth a combined $1.04 billion.
Institutional accumulation is accelerating as the deadline for the CLARITY Act approaches in the U.S. Senate. Lawmakers have about two weeks left to reach a consensus on digital asset oversight rules before Congress leaves for its traditional August recess, which begins on Aug. 7.
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Expectations of long-awaited regulatory clarity are prompting funds to methodically purchase the underlying asset on the spot market and isolate it in custodial wallets, completely removing those coins from exchange circulation.
The price context only underscores the confidence of major players. XRP is currently trapped inside a descending channel near $1.1338, hovering around local support at $1.1158 with a neutral RSI reading of 54.82.
Total inflows in US Spot XRP ETFs since the start of Q3 2026, Source: SoSoValueThe gap between the total amount historically invested in the ETFs, $1.49 billion, and their current net asset value of $1.04 billion clearly shows that the funds are sitting on unrealized losses. Nevertheless, institutional holders are not cutting their losses and continue to maintain positions primarily through Bitwise, which has recorded $501 million in net inflows, and Franklin Templeton, with $416 million.
Although daily activity within the ETFs remains moderate at around $10.9 million in trading volume, the removal of nearly 1.5% of the XRP supply is reducing the depth of exchange order books. If the Senate manages to pass the CLARITY Act before the Aug. 7 recess, a surge in buyers will encounter an obvious shortage of liquidity on the spot market.
Why Grayscale no longer believes in Bitcoin halving cyclesThe leading cryptocurrency has outgrown the training wheels of the halving cycle and now lives by the adult rules of Wall Street, according to Grayscale Research head Zach Pandl, who has urged investors to erase Bitcoin's "four-year cycle" charts from their boards.
In his view, crypto has finally transformed into a mature macroeconomic asset that listens to the Federal Reserve rather than the miners' calendar.
At this point in the cycle, crypto skeptics would usually expect a deep plunge. The traditional theory predicted that Bitcoin would fall below $25,000 by autumn following last year's record high of $126,000. Instead, the coin is currently holding firmly near $65,800, down a relatively modest 48% from its peak by crypto-winter standards.
Bitcoin macro correlation chart (2012–2026), Source: GrayscalePandl therefore believes that, provided the U.S. economy remains resilient, the market bottom may already be behind us.
The foundation of this shift can be seen in macroeconomic charts from Bloomberg and Coin Metrics. Since 2014, Bitcoin's price bottoms have closely coincided not with supply reduction dates, but with declines in the ISM Manufacturing Index and peaks in U.S. two-year Treasury real yields.
The main event of the week is now the Federal Reserve meeting scheduled for July 28–29. Interest rates are currently being held at 3.50%–3.75%. If the regulator officially confirms a pause and rules out further increases, Bitcoin will receive a clear path toward growth, further cementing its status as the leading barometer of global liquidity.
'Black Thursday' for DeFi: Three crypto protocols hacked for $35.56 millionIt was a truly stormy morning for the decentralized finance market, as three projects were targeted by hackers one after another. AFX Trade, Verus Bridge and B² Network found themselves at the center of the exploits, with total losses reaching $35.56 million.
The hackers ruthlessly targeted the industry's main weak points: cross-chain bridge vulnerabilities and compromised administrative keys.
The largest blow hit the AFX Trade protocol on Arbitrum, where attackers drained $24.15 million in USDC stablecoins from its custodial bridge. The project team responded immediately by suspending operations, bringing cybersecurity heavyweights SlowMist and Zellic into the investigation and offering the hacker a deal.
The attacker will be allowed to keep 30% of the stolen amount as a legitimate bounty if the remaining 70% is returned.
On-chain message from AFX Trade to the hacker, Source: ArbiscanMeanwhile, the Verus–Ethereum cross-chain bridge has fallen into the same trap again, turning its exploits into an ongoing series. The hacker used an old repeated-import vulnerability, withdrew 3,816 ETH worth around $7.55 million and is already laundering the funds through the Tornado Cash mixer.
The irony is that the project was already exploited through a similar method in May. In July, the team triumphantly returned the recovered funds to the liquidity pools, only to suffer another identical exploit by July 23 after failing to fix the critical bug in the code.
This appears related to the previous Verus Ethereum Bridge incident in May 2026: same bridge contract, same entry path, and same bug class.
However, this is a new tx with a different attacker and loot wallet.https://t.co/FWGcnHJbzP
— Blockaid (@blockaid_) July 23, 2026 The L2 project B² Network on BNB Chain suffered the smallest loss of the three, although it was still substantial. Its staking contract was targeted, allowing attackers to steal $3.86 million before developers closed the vulnerability.
To the team's credit, it quickly contained the problem and immediately promised to fully compensate affected users from its own reserve funds.
While B² Network prepares the repayments and AFX waits for the hacker's response, the day has once again demonstrated that bridges remain the weakest link in crypto. Hackers have again proved that taking millions out of code is easier than attracting those millions in the first place, while users have once more been reminded who usually pays to close such holes.
Crypto market outlook: Bitcoin ETF inflow streak reaches $1 billion amid sovereign reserve formation and expansion in AsiaInstitutional capital is stabilizing the market, as a seven-day inflow streak into U.S. spot Bitcoin ETFs has brought in $1 billion, offsetting recent selling pressure.
While Bitcoin remains in a range just below the key technical barrier at $65,500, the long-term trend is shifting toward the nationalization of mining and the deeper integration of stablecoins into Asian payment ecosystems.
Key checkpoints:
ETF momentum accelerates: After a prolonged period of outflows, U.S. spot Bitcoin funds have recorded a seven-day green streak, bringing around $1 billion into the market, while BlackRock and Fidelity remained the traditional leaders.Bitcoin tests a technical reversal: The leading cryptocurrency is being squeezed into a narrowing range, trading at $65,495 after encountering a long-term descending trend line. The nearest support has formed at $63,800, while a break above the $67,433 point-of-control level is required to trigger an aggressive bullish scenario.BIP-110 faces rejection from miners: The controversial proposal to temporarily restrict the Ordinals and Runes protocols by imposing an 83-byte limit on the OP_RETURN field is losing its chances of success. Despite developers' attempts to clear blocks of spam, only 1.1% of miners have expressed support for the update, effectively eliminating the risk of a hard fork.State-backed mining takes root: Kazakhstan has officially introduced fixed electricity tariffs for licensed miners for 10 years in exchange for transferring part of the mined BTC to the central bank's national reserve. The country has joined El Salvador and Bhutan in pursuing a strategy of sovereign cryptocurrency accumulation.USDC enters Korean super apps: Stablecoin issuer Circle has signed agreements with technology giants Kakao Group and Toss to deploy blockchain-based settlements. The integration will provide more than 20 million active users in South Korea with legal access to digital assets.End of an era for a legendary derivatives exchange: BitMEX, which helped pioneer leveraged cryptocurrency trading in 2014, will completely cease operations on Sept. 23, 2026. The phased closure of positions will begin on Aug. 26. You Might Also Like
XRP and Bitcoin are left out as S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new benchmark for institutional investors.
The index focuses on blockchain protocols that generate revenue through network activity. The benchmark tracks 18 digital assets, with Ethereum, BNB, Solana, Tron, and Hyperliquid among its largest holdings.
According to S&P Dow Jones Indices CEO Catherine Clay, the index uses principles similar to traditional equity benchmarks. It evaluates factors such as protocol revenue, liquidity, listing requirements, and operational maturity.
XRP and Bitcoin Excluded From Revenue-Based Index During an interview with CNBC, Clay said Bitcoin was excluded because it does not operate as a revenue-generating protocol, even though it meets other eligibility requirements.
While she did not specifically discuss XRP, the index methodology also leaves it out because it does not meet the revenue-generation requirement.
Rather than tracking the largest cryptocurrencies by market capitalization, the index focuses on blockchain networks that generate revenue from actual protocol usage. It does not include returns generated through staking yields or other investment mechanisms.
New Benchmark Aims at Institutional Investors S&P said the index seeks to give institutional investors and asset managers a trusted benchmark for the digital asset market. The methodology draws inspiration from traditional equity indexes, including benchmarks such as the S&P 500.
Notably, the market-cap-weighted index will be rebalanced every quarter. To reduce concentration risk, the largest asset is limited to a 35% weighting. Other assets cannot exceed a 20% allocation.
Clay said S&P developed the methodology with Pantera Capital. The index measures how blockchain protocols generate revenue from real network activity rather than from staking rewards or investment returns.
Index Focuses on Revenue, Not Crypto Market Size The exclusion of XRP and Bitcoin reflects the index’s specific goal rather than a view on their market position or adoption.
Both assets remain among the largest cryptocurrencies by market capitalization. However, they fall outside the benchmark’s focus on protocol-generated revenue.
The launch provides another institutional reference point for digital assets. It gives investors an alternative to broad market-cap-based crypto indexes by highlighting blockchain networks with measurable operating revenue.
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 price hovered near $65,000 after consolidation, while traders assessed prospects for recovery this week. The BTC price increased by 5% in seven days, which enhanced momentum ahead of the Federal Reserve decision.
After its recent surge, Ethereum price was close to $1,920, whereas XRP price was trading at $1.13. The next focus is on the July 28-29 FOMC meeting led by Federal Reserve Chairman Kevin Warsh. Policymakers will decide rates and provide guidance on the policy outlook for markets.
FOMC Meeting July 28–29: Markets Watch the Fed Rate Decision The Federal Reserve’s next policy meeting is approaching, with CME FedWatch showing less than one week remaining.
The FOMC will meet on July 28 and July 29 to review interest rates and economic conditions. It is planned to issue a policy statement at 2:00 p.m. Eastern Time, July 29. The press conference will start at 2.30 p.m.
CME FedWatch tracks market expectations using prices from 30-Day Federal Funds futures.
Source: Fedwatch The tool has been used to estimate potential rate changes prior to every meeting by traders. The decision will be monitored by the investors to give broader market indications.
Bitcoin ETFs Record Seven Straight Days of Inflows Since July 14 Bitcoin ETFs recorded seven consecutive trading days of inflows, marking their longest positive streak in nine months. Santiment recorded an entry of $981.2 million into the products since July 14, with Bitcoin briefly reaching $66,300.
The steady demand follows heavy withdrawals during May and June, suggesting confidence may be returning among institutional investors.
The same inflow streak happened again in November 2025 as Bitcoin was nearing its $126,000 record high.
Santiment data The existing momentum is not a sure way of another similar rise, although a trend of increasing ETFs might help push it to $70,000. Such activity could indicate rising FOMO and increase the risk of a short-term market top. Investors will keep a check on the consistency of the inflows next week.
Bitcoin Price Prediction: Key Levels To Watch The BTC price traded at $65,693, holding above the key $65,000 support on the four-hour chart. Bitcoin price remains below the $66,000 resistance after retreating from a recent peak near $66,700.
The RSI has a value of 53, indicating neutral momentum that has cooled off following the stronger values.
Meanwhile, the CMF reading of 0.25 suggests capital inflows remain positive. This is an indication of ongoing purchase intentions despite the recent consolidation.
A confirmed break above $66,000 could open targets at $66,700 and $67,000 as per Detailed Bitcoin price analysis. Additional momentum can take the rally to $68,000.
Source: BTC/USDT 4-hour chart: TradingView However, losing $65,000 could expose the $64,000 support zone. Bitcoin price can also stay within the range till the buyers manage to close decisively above resistance.
Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices. Bitcoin (BTC) is approaching short-term support at $65,000, with upside resistance remaining firm at $67,000.
Meanwhile, altcoins, including Ethereum (ETH) and Ripple (XRP), mirror Bitcoin’s neutral-to-bearish tone, testing key support levels at $1,900 and $1.13, respectively.
Crypto market sentiment is in Fear territory, with a minor drawdown to 31 on Thursday from 33 the day before, according to the Fear & Greed Index. If this weakness persists, it could negatively impact appetite for risk assets, in turn reducing demand and the tail force in the broader crypto market.
Crypto Fear & Greed Index | Source: AlternativeBitcoin and Ethereum attract capital inflows as XRP lagsInstitutional demand for Bitcoin spot Exchange-Traded Funds (ETFs) remains robust, marking a seventh straight day of consistent inflows, albeit with a notable drop to $69 million on Wednesday from $203 million the previous day. SoSoValue data shows cumulative inflows approaching $52 billion, while average net assets under management hover around $80 billion. This highlights persistent long-term institutional confidence in the largest crypto asset.
Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs continue to recover, with Wednesday’s inflows reaching $73 million, almost double Tuesday’s $37 million. Cumulative inflows edged higher to $11.23 billion from $11.15 billion over the same period, while average assets under management climbed to $10.57 billion, compared to $10.48 billion on Tuesday.
Ethereum ETF flows | Source: SoSoValueAppetite for XRP ETFs has significantly lagged that for Bitcoin and Ethereum, with activity remaining muted on Wednesday. Looking back, inflows totaled $2.5 million on Monday and roughly $6 million on Tuesday. According to SoSoValue, cumulative inflows are steady at $1.49, with net assets averaging $1 billion, underscoring investors' long-term interest in XRP investment products.
XRP ETF flows | Source: SoSoValuePrice analysis: Bitcoin upside stays capped Bitcoin trades at $65,722, holding above the 50-day Exponential Moving Average (EMA) at $65,164 but still capped well below the 100-day EMA at $68,027 and the 200-day EMA at $73,734, which keeps the broader bias bearish despite the latest rebound. The Relative Strength Index (RSI) around 57 and the positive Moving Average Convergence Divergence (MACD) histogram hint at improving bullish momentum, yet price remains structurally constrained under the major trend EMAs and the prevailing downward resistance trendline.
BTC/USDT daily chartOn the topside, initial resistance is seen at the 100-day EMA around $68,027, with a stronger cap at the 200-day EMA near $73,734, where sellers are likely to reassert control if the rally extends. On the downside, immediate support emerges at the 50-day EMA at $65,164, while a deeper pullback would expose the former resistance-turned-structural level around the trendline break price at $59,189, which acts as a more distant demand zone in the current configuration.
Altcoins outlook: Ethereum and XRP struggle to renew momentumEthereum trades around $1,930, keeping a capped tone as it sits above the 50-day EMA at $1,832 but remains below the 100-day EMA at $1,938 and the 200-day EMA at $2,175. The MACD histogram holds in positive territory, while the RSI hovers near 64, suggesting bullish momentum that has yet to overcome the overhead trend barriers.
ETH/USDT daily chartOn the topside, immediate resistance lies at the 100-day EMA at $1,938, with a more significant hurdle at the longer-term 200-day EMA near $2,175. On the downside, the first notable support aligns with the 50-day EMA at $1,832, where a break lower would hint at a deeper corrective phase despite the currently constructive momentum.
XRP, on the other hand, trades at $1.13, capped by a dense layer of overhead moving averages. The 50-day EMA near $1.15, the the longer-term 100-day and 200-day EMAs at $1.23 and $1.44, respectively all sit above price, keeping the near-term tone bearish despite a mildly constructive momentum backdrop.
The MACD indicator holds in positive territory with the line above the signal and a modest positive histogram, while the RSI around 55 hints at steady, but not aggressive, buying interest.
XRP/USDT daily chartOn the downside, initial support appears at the Bollinger middle layer around $1.11, with a deeper cushion at the lower band near $1.06 if selling pressure resumes. On the topside, bulls would first need to reclaim the 50-day EMA at $1.15 to ease immediate downside pressure, followed by the Bollinger upper layer at $1.16 as the next hurdle. Only a sustained break above the 100-day EMA at $1.23 would begin to challenge the broader bearish bias while the 200-day EMA at $1.44 remains a far more distant structural cap.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
Swiss cantonal bank BancaStato has introduced cryptocurrency trading services for Bitcoin, Ethereum, Solana, and Litecoin directly within its web and mobile banking applications. The development makes BancaStato one of the first Swiss financial institutions to offer regulated digital asset trading to its retail clients through existing banking platforms.
Full integration with Avaloq and Sygnum infrastructureThe rollout was made possible by integrating Sygnum’s business-to-business crypto infrastructure with BancaStato’s Avaloq core banking system. Clients can access digital assets, place trades, and oversee their portfolios from the same digital interfaces they use for everyday banking.
BancaStato, founded in 1915 and serving the Canton of Ticino, has aimed to position itself at the forefront of digital innovation among Swiss regional lenders. The bank’s move introduces a regulated channel for clients to buy, sell, and hold cryptocurrencies alongside traditional financial products under a unified account.
Users can submit market orders in both crypto denominations and US dollar terms, with asset custody managed through Sygnum’s regulated platform.
Mini dictionary: Sygnum, a Swiss digital asset bank, provides regulated infrastructure for cryptocurrency custody and trading. Its API-based systems enable traditional financial institutions to offer direct digital asset services to their customers.
BancaStato offers cryptocurrency trading directly through its familiar banking channels, removing the need for separate trading platforms and simplifying access to digital assets for its account holders.
Operational benefits and regulatory safeguardsThrough this integration with Sygnum, BancaStato can provide institutional-grade custody, incorporating hardware security, software protections, governance procedures, and regular audits. Digital assets held by clients remain off the bank’s balance sheet and are segregated in compliance with Swiss financial regulations.
BancaStato is the first Avaloq software-as-a-service client to enable Sygnum-powered crypto trading directly via API. This approach reduces complexity by eliminating the need for a separate order management system while allowing the bank to adapt trading functionalities without major changes to core infrastructure.
The platform gives account holders the ability to manage both conventional and digital investments within a single online banking relationship, enhancing portfolio management and oversight capabilities.
BankLaunch DateCrypto Trading IntegrationTrading ChannelsBancaStatoJune 2026Yes (Sygnum & Avaloq)Online & Mobile BankingPostFinanceApril 2023Yes (Sygnum)Digital Banking PlatformsSygnum’s infrastructure is now used by over 25 Swiss and European banking institutions, extending digital asset access to nearly one-third of Switzerland’s population through its network of affiliated lenders.
Industry impact and regulatory evolutionBancaStato now joins a list of Swiss financial institutions, including PostFinance and Zuger Kantonalbank, that provide crypto trading and custody through Sygnum’s infrastructure. The integration expands regulated access to digital assets, addressing increasing demand among Swiss bank customers for innovative investment products.
On June 30, 2026, Sygnum Europe obtained official registration as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets Regulation through supervision from the Liechtenstein Financial Market Authority. This approval is expected to further bolster the bank’s capability to offer compliant digital asset services across the EU, enhancing security and regulatory clarity for clients outside Switzerland.
With this move, BancaStato broadens its digital portfolio while maintaining its regulatory frameworks, enabling customers across Ticino and Switzerland to access cryptocurrency markets without leaving the protected environment of traditional banking applications.
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.
A Swiss cantonal bank has moved crypto trading directly into its normal banking experience, and that is the part of the story that matters most.
BancaStato, the state bank of the Canton of Ticino, has partnered with Sygnum and Avaloq to let clients buy, hold, and sell Bitcoin, Ethereum, Litecoin, and Solana through its mobile and web banking channels.
This is not a crypto exchange launching another app. It is a traditional regional bank adding digital assets inside the banking platform its clients already use.
Sygnum is providing the digital asset banking and custody infrastructure, while Avaloq’s core banking environment is being used for the integration. The assets are held off-balance sheet in Sygnum’s institutional custody setup.
That is a very Swiss version of crypto adoption: regulated, integrated, custody-led, and built into the existing banking stack rather than presented as a retail trading spectacle.
TL;DR BancaStato has added Bitcoin, Ethereum, Solana, and Litecoin trading for clients. The service uses Sygnum’s B2B crypto banking API and Avaloq’s core banking environment. The move is a cantonal-bank adoption story, not a nationwide Swiss banking rollout. Why This Looks Different From A Normal Crypto Launch Most crypto access stories still have a similar shape.
An exchange adds a product. A fintech app adds a token. A wallet adds a new chain. Those launches can matter, but they usually sit outside the traditional banking relationship.
BancaStato’s move is different because it brings crypto into the bank interface itself.
For ordinary clients, that reduces friction. They do not need to open a separate exchange account or move money to a platform they may not know. They can access supported digital assets through a banking environment that already handles their financial relationship.
For institutions and conservative users, that matters even more.
The biggest barrier to crypto adoption is often not interest. It is trust, custody, compliance, and operational comfort. A cantonal bank working with Sygnum and Avaloq gives the service a more familiar structure.
That does not make crypto risk-free. Bitcoin, Ethereum, Solana, and Litecoin remain volatile assets. Clients can still lose money if prices move against them. But the access model is more bank-native than the typical retail exchange route.
Sygnum’s Role Is The Key Piece Sygnum has built its position around regulated digital asset banking, and this kind of partnership is exactly where that model becomes useful.
Banks that want to offer crypto do not always want to build custody, trading infrastructure, blockchain connectivity, compliance processes, and asset operations from scratch. That is expensive, slow, and risky.
A B2B provider gives them a shortcut.
Sygnum’s infrastructure lets BancaStato offer crypto access while leaning on a specialist digital asset bank for the custody and trading stack. Avaloq’s involvement then connects that service into the bank’s existing core system.
That is the real adoption signal.
Crypto becomes another product layer inside regulated banking infrastructure, not a separate universe.
If more banks choose that path, the industry may not grow through flashy retail apps alone. It may grow quietly through integrations that make digital assets feel like part of normal financial services.
Switzerland Keeps Building The Boring Version Of Crypto Adoption Switzerland has been one of the more serious crypto jurisdictions for years.
That does not mean every Swiss financial institution is rushing into digital assets. But the country has built a clearer lane for regulated custody, tokenization, banking integrations, and institutional services than many other markets.
BancaStato’s launch fits that pattern.
It is not a claim that all Swiss banks are now adopting crypto. It is not even a national rollout. It is one cantonal bank serving Swiss residents through a specific partnership.
But that is still meaningful.
Traditional finance adoption rarely happens all at once. It usually arrives through controlled launches, limited asset lists, custody partnerships, and client-demand testing. Banks start with major assets, watch how clients use the product, and then decide whether to expand.
Here, the supported list is conservative but notable: Bitcoin, Ethereum, Solana, and Litecoin. That gives clients exposure to the two largest crypto networks, one high-activity smart contract ecosystem, and one older payment-focused asset.
What To Watch Next The next question is whether this kind of integration becomes repeatable.
If Sygnum and Avaloq can help one cantonal bank bring crypto into its banking channels, the model may appeal to other banks that want to offer digital assets without becoming crypto-native operators themselves.
That would be more important than the launch size alone.
The market often gets excited about exchange volumes and ETF inflows, but bank distribution is another adoption route. It can bring crypto to clients who are interested but do not want to leave the regulated banking environment.
There are still limits. The rollout is local. The asset list is narrow. The risk remains with clients. And this should not be exaggerated into a national Swiss banking shift.
Still, BancaStato’s move shows how crypto access is becoming more embedded in traditional finance.
Not through a slogan. Through custody, APIs, core banking software, and a regulated bank willing to put the service in front of clients.
That is a quieter story than a bull-market exchange launch, but it may be more durable.
This article is based on announcements from Sygnum and BancaStato.
This article was written by the News Desk and edited by Samuel Rae.
Bitcoin traded near the $65,700 mark on Thursday as AI-led inflation concerns capped gains despite strong ETF demand. The cryptocurrency was trading at the $65,770 mark.
In the past 24 hours, Bitcoin fell 0.2% and Ethereum was up 0.4% to trade at $1,924 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano gained up to 2%.
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Akshat Siddhant, Lead quant analyst, Mudrex said Bitcoin is consolidating around the $65,700 level as investors balance strong institutional demand against persistent macroeconomic headwinds. Heavy AI-related spending by major technology companies on data centres, power infrastructure, and advanced chips is adding to inflation concerns, keeping bond yields elevated and limiting upside for risk assets.
Geopolitical risks have also intensified after Iran's exports were blocked. Despite this, institutional interest remains resilient, with US spot Bitcoin ETFs recording a sixth consecutive day of net inflows, adding $203 million on Tuesday and taking the total to nearly $930 million, Siddhant further said.
The global crypto market capitalisation edged down 0.07% to $2.24 trillion, according to CoinMarketCap. Traders have begun to book profits as Bitcoin continues to face significant upward pressure while holding above $65,600, said CoinDCX Research Team.
In the past week, Bitcoin and Ethereum were up 1.5% and 0.2% respectively. Among the major altcoins, XRP, Solana, Tron, and Cardano gained up to 6% whereas BNB, Hyperliquid, Dogecoin fell up to 12%.
Vikram Subburaj, CEO, Giottus said Bitcoin traded near $65,800 on Thursday, down about 1% over 24 hours, as the market consolidated after its recent advance. Immediate support lies around $65,500, followed by $65,000.
Exchange inflows have fallen to a fraction of their early-June peak, indicating that immediate selling pressure has eased. However, recent accumulation has concentrated among wallets holding 1,000-10,000 Bitcoin, while broader wallet participation remains limited, said Subburaj.
Market perspective
Nischal Shetty, founder, WazirX
Bitcoin is trading around $65,790, with the daily technical outlook remaining neutral as buyers and sellers stay evenly matched. Moving averages lean bullish, while mixed oscillator signals suggest traders are awaiting a decisive breakout.
Riya Sehgal, Research Analyst, Delta Exchange
In crypto, Bitcoin’s four-hour structure remains bullish above the $64,150–$64,950 support zone. A confirmed breakout above $67,200 could open the path toward $68,000, while a loss of $64,150 may expose $62,500–$63,000. Ethereum continues to show stronger relative momentum above $1,880.
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Avinash Shekhar, Co-Founder & CEO, Pi42
Bitcoin is trading at around $65,700 today after a modest pullback, as higher oil prices, expectations of elevated interest rates, and broader macroeconomic uncertainty weighed on investor sentiment. Despite the near-term pressure, the market continues to demonstrate resilience, with institutional participation and ETF flows providing a supportive backdrop.
CoinSwitch Markets Desk
Bitcoin’s rebound is approaching a key resistance zone near $70K, where profit-taking and selling from long-term holders could slow further gains. Bitcoin is currently trading around $66K, but demand remains uneven, leaving the market vulnerable to another pullback. At the same time, options traders have built nearly $2.5 billion in positions targeting $72K by the end of July, pointing to expectations of increased volatility around the upcoming Fed meeting.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
A parody memecoin launched on BNB Chain (CRYPTO: BNB) has taken off like a rocket this year, even as the bear market drained the life out of the more popular cryptocurrencies.
No Bear Market HereBinance Life, the English translation of an originally Chinese-named cryptocurrency, has surged 450% year-to-date, making it the third-best performing coin in 2026, according to CoinMarketCap.
The coin, mirroring the broader cryptocurrency market, trailed in the first quarter and collapsed from $0.265 to a low of $0.04.
However, things changed dramatically in the second quarter, with the memecoin exploding to an all-time high of $0.89. Its returns since launch stood at a staggering 604083.05%.
The Humble OriginsIt all started as a casual joke in the Chinese cryptocurrency community in October 2025, when Binance co-founder He Yi replied to an X user’S post with a casual wish to “enjoy Binance Life.”
That proved to be the perfect trigger for the BNB community. As is typical with viral phrases in the industry, it ultimately led to the launch of a dedicated memecoin.
Price Action: At the time of writing, Binance Life was exchanging hands at $0.6310, up 6.40% in the last 24 hours, according to data from Benzinga Pro.
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
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.
BancaStato Opens Crypto Trading Through Sygnum PartnershipBancaStato, the cantonal bank serving Switzerland's Italian-speaking Ticino region, has joined Sygnum's business-to-business (B2B) banking platform to offer crypto asset services. The integration allows BancaStato customers to buy, sell, and hold four crypto assets, including $BTC, $ETH, $LTC, and $SOL, through the bank's existing web and mobile banking apps.
Market orders can be entered by asset quantity or cash value, allowing customers to manage crypto positions alongside their traditional portfolios. BancaStato clients gain exposure to these assets through a regulated channel rather than a standalone exchange, and their holdings rest in Sygnum's custody rather than on the bank's own balance sheet.
A Streamlined Technical SetupThe integration connects Sygnum's API directly to Avaloq's platform, allowing customers to access crypto trading from their existing banking app. The setup also removes the need for a separate order management system, which the companies said reduces operational complexity and makes it easier to add new features.
According to Fritz Jost, Sygnum's chief B2B officer, BancaStato is the first bank using Avaloq's software-as-a-service platform to let customers buy, hold, and sell crypto assets through its e-banking platforms using Sygnum's API.
BancaStato joins more than 25 financial institutions using Sygnum's B2B platform to offer regulated digital asset services. Sygnum said its partner banks give more than a third of the Swiss population a route to own digital assets. The move also fits a broader trend among Swiss lenders. Zürcher Kantonalbank, the country's fourth-largest bank, has rolled out Bitcoin trading and custody, while St. Galler Kantonalbank opened Bitcoin buying and custody to retail clients.
Sygnum holds a Swiss banking license and, since June 30, 2026, a Crypto-Asset Service Provider license under the EU's Markets in Crypto-Assets Regulation, granted by Liechtenstein's Financial Market Authority.
Sources:
Cointelegraph: BancaStato Launches Bitcoin Trading With Sygnum
CryptoAdventure: BancaStato Adds Bitcoin, Ether, Litecoin And Solana Trading Through Sygnum
Service launch broadens Swiss banking access to regulated cryptocurrency products.
A Swiss cantonal financial institution, BancaStato, has introduced regulated digital currency trading capabilities within its banking applications by leveraging Sygnum’s cryptocurrency infrastructure alongside Avaloq’s banking technology. This new functionality enables account holders to purchase, store, and liquidate Bitcoin, Ethereum, Solana, and Litecoin directly through the bank’s current web and mobile interfaces. The implementation strengthens BancaStato’s digital investment portfolio while maintaining cryptocurrency services within its supervised banking framework.
Cryptocurrency Trading Embedded Within BancaStato’s Banking Infrastructure The integration was achieved by connecting Sygnum’s business-to-business application programming interface with BancaStato’s Avaloq core banking system. Account holders gain access to digital currency trading using the identical applications they currently utilize for traditional banking and investment activities. By incorporating digital assets directly into established services, the financial institution eliminated the necessity for a standalone trading interface.
Upon release, BancaStato provides trading capabilities for Bitcoin, Ethereum, Solana, and Litecoin. Account holders can place market orders denominated in either cryptocurrency units or corresponding U.S. dollar amounts. The bank maintains portfolio oversight within its established digital banking interface.
Sygnum processes all cryptocurrency transactions via its regulated infrastructure while delivering institutional-quality custody solutions. The custody architecture incorporates hardware security, software safeguards, governance protocols, and independent auditing. Furthermore, client digital assets are maintained separately from the institution’s balance sheet in accordance with regulatory mandates.
Digital Asset Services Extended Through Sygnum’s Banking Infrastructure This deployment positions BancaStato among over 25 financial institutions utilizing Sygnum’s business-to-business banking infrastructure. The implementation designates the bank as the inaugural institution on Avaloq’s software-as-a-service platform to activate Sygnum-facilitated crypto trading via direct API connectivity. This methodology diminishes operational intricacy by eliminating separate order management system requirements.
The streamlined architecture enables BancaStato to modify trading capabilities while preserving its existing banking infrastructure. The framework facilitates risk oversight without introducing supplementary operational tiers. Account holders administer conventional investments alongside digital assets through a unified banking relationship instead of disparate platforms.
Established in 1915, BancaStato provides financial services throughout the Canton of Ticino in southern Switzerland. The institution continues broadening its investment product range while preserving its regulated banking framework. The cryptocurrency integration incorporates digital assets without altering the customer interface across its digital channels.
Industry Context for BancaStato’s Digital Asset Integration Sygnum maintains its expansion of regulated digital asset infrastructure for financial institutions throughout Switzerland and broader Europe. Its collaborative network currently delivers digital asset access to over one-third of Switzerland’s population via affiliated banking institutions. Prior integrations encompass entities including PostFinance, Zuger Kantonalbank, Bordier & Cie, and SocGen FORGE.
The infrastructure has experienced consistent growth in recent years as conventional banks enhanced digital asset product offerings. Earlier implementations revealed significant demand from banking clientele utilizing integrated cryptocurrency services in conjunction with traditional financial instruments. PostFinance subsequently broadened its Sygnum-enabled service portfolio by introducing Ethereum staking capabilities through its established banking platforms.
The BancaStato deployment represents another significant achievement for Sygnum’s European activities. On June 30, 2026, Sygnum Europe obtained Crypto-Asset Service Provider authorization under the European Union’s Markets in Crypto-Assets Regulation via Liechtenstein’s Financial Market Authority. This regulatory approval enhances supervised digital asset services for banking institutions across the European Union while facilitating future growth through proven banking infrastructure.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Solana has demonstrated resilience against both the U.S. dollar and Bitcoin, attracting attention from market analysts tracking two key bullish patterns developing on different timeframes. With support consolidating in the $74 to $76 region, technical observers believe Solana could target a move toward $94 if buying momentum continues to build.
SOL/BTC pair tests critical supportSolana’s performance against Bitcoin has become a focal point for traders seeking signs of relative strength. The SOL/BTC trading pair is currently positioned at a long-term support zone, a price area that once acted as resistance during 2021’s notable market cycle. This level has sparked speculation among analysts regarding a potential trend reversal.
CryptoCurb, a cryptocurrency market analyst, identified that the SOL/BTC pair may have established a price bottom. According to this view, the pair would need to maintain support around 0.0010 to 0.0012 BTC and break through its multiyear descending trendline. If SOL/BTC can reclaim 0.0015 BTC and then target 0.0020 BTC, it would signal an upward momentum shift in Solana’s favor.
CryptoCurb points out that holding key support near 0.0010 BTC, followed by a reclaim of higher levels, would provide evidence that Solana is regaining strength relative to Bitcoin.
Despite early bullish signals, the potential for a sustained rise remains speculative. A close below the critical support zone on the monthly chart would invalidate the bullish scenario and imply ongoing weakness compared to Bitcoin.
LevelSupport/ResistanceConfirmation0.0010–0.0012 BTCSupportHold signals potential bottom0.0015 BTCKey resistanceBreakout confirms momentum shift0.0020 BTCHigher resistanceFurther confirmation of reversal Mini dictionary: CryptoCurb is a pseudonymous market analyst known for technical analysis of major crypto assets, often focusing on trend reversals and support/resistance levels.
Short-term price setup remains bullishOn the shorter timeframe, Solana has managed to break out above a four-hour bull flag, a technical chart formation that suggests bullish continuation if confirmed. Analyst BATMAN highlighted that Solana has maintained its position above the 200-period exponential moving average (EMA), supporting a positive outlook for the immediate future.
The consolidation zone around $74 to $76, which includes the 200 EMA and the area where the previous breakout occurred, remains the primary support for Solana’s price. Maintaining this range could lead to new upward moves, with interim targets around $82 to $84 and a key resistance projection at the $94 level.
BATMAN emphasizes that as long as Solana retains support above its 200 EMA and key breakout zones, the bullish structure remains intact for a possible run toward $94.
However, the ongoing rally requires renewed buying activity. If Solana drops below the 200 EMA and loses support at $74, the bullish thesis may no longer hold, exposing the cryptocurrency to further downside toward $72 and $68.
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.
Yemen’s Houthis attacked Saudi oil tankers in the Red Sea and intercepted multiple commercial vessels amid escalating US-Iran war. Oil prices have climbed further due to disruptions in the Red Sea and the Strait of Hormuz, causing Bitcoin and XRP to pare gains.
Yemen’s Iran-Aligned Houthis Disrupt Oil Supply in Red Sea Yemen’s armed forces hit two Saudi oil tankers in the Red Sea using ballistic missiles, cruise missiles, and drones, IRNA News Agency reported on July 23. The attacks also intercepted multiple commercial vessels, according to a formal statement by spokesperson Yahya Saree.
Saudi authorities confirmed a Saudi-owned commercial vessel was targeted in the Red Sea, causing a fire on the ship. All crew members are safe. Authorities claim such attacks constitute a violation of international laws and norms.
Houthi leaders in Yemen have declared a naval blockade against Saudi Arabia, effective immediately. US stock futures, Bitcoin and XRP are dropping amid risks of further supply disruptions.
The attacks coincided with Saudi Arabia signing a nuclear deal with the US. The 30-year agreement aims to strengthen bilateral cooperation on nuclear energy.
Saudi Arabia and United States Sign Agreement on Cooperation in Peaceful Uses of Nuclear Energy. pic.twitter.com/FSJWIqmXwS
— وزارة الطاقة (@MoEnergy_Saudi) July 22, 2026
Meanwhile, U.S. Central Command (CENTCOM) forces completed another round of strikes against Iran for the 12th consecutive night. President Trump threatened to bomb bridges or power plants every time Iran shoots at a ship in the Strait of Hormuz
U.S forces struck Iranian military targets including maritime capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense systems. The strikes further degrade Iran’s ability to attack civilian mariners and commercial vessels.
Bitcoin and XRP Slips amid Rising Oil Prices, US Treasury Yields Two-chokepoint risk for global oil supply caused oil prices to spike above $88 per barrel today. Oil prices are now up more than 31% since July-start, with no signs of an end to the US-Iran war.
Meanwhile, the US dollar index (DXY) slipped below 101.71 amid inflation concerns from surging energy costs. The 10Y Treasury Yield is approaching 4.70% and a fresh 52-week high, triggering selloffs in Bitcoin price. This puts the 10Y Treasury Yield up over 70 basis points since the US-Iran war began, with markets continuing to brace for an energy shock.
30-Year Treasury Yield closing in on its highest level since the run-up to the Global Financial Crisis 🚨 🚨 pic.twitter.com/8EeHCTctVb
— Barchart (@Barchart) July 22, 2026
Bitcoin fell more than 1% amid Yemen’s attacks in the Red Sea. The price is currently trading near $65,600, with a 24-hour low and high of $65,514 and $66,401, respectively.
Furthermore, trading volume has decreased by 9% in the last 24 hours, indicating a drop in interest among traders. Investors await US economic events and the Fed rate decision for cues on market direction.
Meanwhile, XRP price hit resistance near $1.16 again and fell to $1.13. Trading volume has dropped 32% as traders weigh rising Middle East tensions. XRP futures open interest also dropped more than 1% to $2.51 billion in the past 4 hours.
Navigating these volatile macro environments requires a dedicated suite of the best crypto research tools to analyze blockchain transaction volume and market sentiment.
VerusCoin's Ethereum bridge was hacked, with around $7.53 million in assets transferred out.
According to CertiK Alert monitoring, a security vulnerability attack has targeted VerusCoin’s Ethereum bridge, with attackers transferring approximately $7.53 million in assets. CertiK noted that the vulnerability likely stems from the bridge contract’s failure to properly verify whether the input amount from the Verus chain side matches the actual payment amount — a similar issue that occurred in an incident back in May.
1 seconds ago
F2Pool co-founder Chun Wang has deposited ETH and WBTC worth approximately $15.6 million to Binance.
Per Onchain Lens monitoring, Chun Wang (@satofishi), co-founder of F2Pool, deposited 6,009 ETH (valued at approximately $11.56 million) and 62.31 WBTC (worth around $4.09 million) into Binance, with a total value of roughly $15.6 million. The assets were sourced from withdrawals from Spark Fi, unstaking ETH from Lido Finance, and converting WETH to WBTC via CoW Swap.
1 seconds ago
Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.
According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.
1 seconds ago
Binance will suspend trading on July 25 for system upgrades.
According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.
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Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.
PANews, July 23 – Bitwise Chief Investment Officer Matt Hougan wrote in an analysis that the crypto market is showing signs of a bottom – since July 1, Bitcoin has risen 9% while the Nasdaq has fallen 6%, ETF flows have turned positive, and market sentiment has improved. Hougan believes the next bull market will be driven by the convergence of on-chain finance and traditional finance, with core sectors being stablecoins, tokenization, 24/7 trading, instant settlement, and institutional DeFi.
He suggests paying attention to two types of opportunities: one is crypto-native applications represented by Hyperliquid (HYPE) – with real revenue and a strong token economic model (99% of revenue is used to buy back and burn HYPE), up 146% this year; the other is traditional financial institutions represented by Robinhood (HOOD) – its Layer 2 blockchain, Robinhood Chain, attracted over $300 million in deposits within two weeks of launch, processes an average of 3.6 million transactions per day, and supports users in 120 countries trading tokenized stocks 24/7. Hougan expressed bullishness on mainstream assets such as Bitcoin, Ethereum, and Solana, as well as crypto stocks, while also keeping an eye on institutions making scaled moves in the crypto space, including Coinbase, Figure, BlackRock, Visa, Stripe, and JPMorgan Chase.
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.
Japan could launch its first Bitcoin exchange-traded fund as early as 2028 as regulators prepare rules that would allow investment trusts and ETFs to hold crypto assets directly.
Summary
Japan could approve its first Bitcoin ETF by 2028 as financial rules continue evolving nationwide. Major Japanese asset managers are preparing crypto funds while regulators work toward broader ETF access. Retail investors may drive demand, with projected Bitcoin ETF inflows reaching ¥3 trillion by 2028. A July 23 Nikkei report said the Financial Services Agency plans to revise investment-fund rules after lawmakers approved amendments that bring crypto assets under the Financial Instruments and Exchange Act framework. The change moves Japan toward treating crypto as a financial investment product rather than regulating it mainly as a payment asset.
Meanwhile, the legal change does not mean a Bitcoin ETF can launch immediately. Japan still needs detailed rules and changes to its investment-trust framework before fund managers can offer products that hold crypto as a primary investment target.
The FSA’s materials confirm that crypto regulation is moving from the Payment Services Act into the Financial Instruments and Exchange Act, alongside new disclosure and market conduct requirements.
As crypto.news reported on July 15, Japan has passed legislation that creates a pathway for domestic crypto ETFs, although individual products will still require regulatory approval. An earlier report said Japan Exchange Group was considering listings as early as 2027, while the latest Nikkei report points to 2028 as a possible launch date.
JPX chief executive Hiroki Yamamichi previously said an ETF “can be done anytime once the legal framework is in place and the tax treatment is clarified.”
Financial groups prepare for Bitcoin ETFs Several of Japan’s largest financial firms are studying products that could enter the market once regulators complete the rules. As previously reported, SBI Securities and Rakuten Securities are preparing crypto investment trusts through their own groups. Nomura, Daiwa, SMBC-linked firms and Asset Management One are also examining possible products.
The planned market could extend beyond Bitcoin ETFs. SBI Global Asset Management has considered funds focused on liquid crypto assets such as Bitcoin and Ethereum. Meanwhile, Osaka Exchange has discussed launching Bitcoin futures in 2028 if spot ETFs become legal. These plans show that traditional financial firms are preparing products before regulators complete the final framework.
Institutional interest is also rising. Nomura Holdings’ 2026 survey found that 79% of respondents who were considering crypto investment over the next three years planned to invest. Among them, 60% expected to allocate between 2% and less than 5% of their portfolios. The survey also found that 65% viewed crypto assets as a way to diversify their investments.
Retail investors could become the main source of demand Japan’s Bitcoin ETF market may develop differently from the U.S. market, where institutional investors have become major participants in spot Bitcoin ETFs. Japan has a smaller pool of institutions making large crypto allocations, while households continue to keep a large share of their financial wealth in cash and deposits. Bank of Japan data has placed the cash and deposit share at around half of household financial assets.
That structure could make individual investors a major source of demand. The July 23 Nikkei report estimated that Japanese Bitcoin ETFs could attract as much as ¥3 trillion by fiscal 2028.
The FSA has also reported more than 14 million domestic crypto accounts, while about 70% of account holders earn less than ¥7 million annually. A regulated ETF could allow investors to gain Bitcoin exposure through securities accounts without directly managing crypto wallets.
The same retail focus is visible among financial groups preparing new products. Rakuten plans to make crypto investment trusts available through smartphone services, while other brokerages are studying products that could fit into existing investment platforms used by individual customers.
Pension interest adds another route for crypto exposure Institutional adoption remains limited, but some Japanese pension managers have begun testing small crypto allocations. The National Business Pension Fund in Okayama, which represents about 1,200 small and medium-sized businesses, plans to allocate about 1% of its assets to crypto-related funds during fiscal 2026.
Aiyu Kiguchi, the fund’s executive director of investment management, explained the diversification strategy by saying, “It’s because its price movements have a low correlation with the U.S. dollar.” The fund manages about ¥21.5 billion and plans to gain exposure through funds managed by major overseas hedge funds rather than buying crypto assets directly.
The move also comes as broader investor interest grows. Nomura’s survey found stronger demand for crypto as a diversification tool, while financial firms continue preparing investment trusts and possible ETFs. Japan Exchange Group has also said asset managers are showing interest in crypto-linked products.
Japan’s next steps will depend on how quickly the FSA completes its investment-trust rules and how exchanges set listing requirements. For now, the regulatory changes, asset-manager preparations and growing investor interest have moved the country closer to a domestic Bitcoin ETF market. The latest reported timeline places the first launch as early as 2028, with retail investors potentially providing a large share of demand.
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.
VerusCoin's Ethereum bridge was hacked, with around $7.53 million in assets transferred out.
According to CertiK Alert monitoring, a security vulnerability attack has targeted VerusCoin’s Ethereum bridge, with attackers transferring approximately $7.53 million in assets. CertiK noted that the vulnerability likely stems from the bridge contract’s failure to properly verify whether the input amount from the Verus chain side matches the actual payment amount — a similar issue that occurred in an incident back in May.
1 seconds ago
F2Pool co-founder Chun Wang has deposited ETH and WBTC worth approximately $15.6 million to Binance.
Per Onchain Lens monitoring, Chun Wang (@satofishi), co-founder of F2Pool, deposited 6,009 ETH (valued at approximately $11.56 million) and 62.31 WBTC (worth around $4.09 million) into Binance, with a total value of roughly $15.6 million. The assets were sourced from withdrawals from Spark Fi, unstaking ETH from Lido Finance, and converting WETH to WBTC via CoW Swap.
1 seconds ago
Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.
According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.
1 seconds ago
Binance will suspend trading on July 25 for system upgrades.
According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.
1 seconds ago
Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.
VerusCoin's Ethereum bridge was hacked, with around $7.53 million in assets transferred out.
According to CertiK Alert monitoring, a security vulnerability attack has targeted VerusCoin’s Ethereum bridge, with attackers transferring approximately $7.53 million in assets. CertiK noted that the vulnerability likely stems from the bridge contract’s failure to properly verify whether the input amount from the Verus chain side matches the actual payment amount — a similar issue that occurred in an incident back in May.
1 seconds ago
F2Pool co-founder Chun Wang has deposited ETH and WBTC worth approximately $15.6 million to Binance.
Per Onchain Lens monitoring, Chun Wang (@satofishi), co-founder of F2Pool, deposited 6,009 ETH (valued at approximately $11.56 million) and 62.31 WBTC (worth around $4.09 million) into Binance, with a total value of roughly $15.6 million. The assets were sourced from withdrawals from Spark Fi, unstaking ETH from Lido Finance, and converting WETH to WBTC via CoW Swap.
1 seconds ago
Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.
According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.
1 seconds ago
Binance will suspend trading on July 25 for system upgrades.
According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.
1 seconds ago
Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.
A big crypto bill just cleared another step. It’s called the Clarity Act, and it’s now ready for a vote in front of the whole Senate. The Clarity Act is 616 pages long. It sets rules for digital assets like Bitcoin and other crypto tokens. Right now, the U.S. has no clear federal rulebook for crypto and this bill would create one.
Under the bill, the CFTC would oversee most crypto tokens. The SEC would still handle tokens that act more like securities, such as company stock. The bill also adds rules to fight money laundering, protect everyday users, and set clear steps for what happens if a crypto company goes bankrupt.
The bill already passed the House back in July 2025. It passed the Senate Banking Committee in May 2026. Now it’s waiting for a vote from the full Senate.
Why Supporters Want It Passed
Coinbase CEO Brian Armstrong said the bill is the result of thousands of hours of work from both political parties. He said the current lack of rules lets bad actors, like the collapsed exchange FTX, hurt everyday customers. Without clear laws, he said, much of the crypto industry has moved offshore, outside U.S. oversight.
Ripple’s chief legal officer, Stuart Alderoty, called the bill a consumer protection measure. He said it adds real tools for law enforcement and state officials to go after bad actors. Ripple CEO Brad Garlinghouse backed the bill too, saying it doesn’t need to be perfect to be worth passing.
The Clarity Act is ready for a full Senate floor vote.
The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time. The status quo in the U.S. isn't working. There's no federal framework, so bad actors… pic.twitter.com/8HQvp8iSrw
— Brian Armstrong (@brian_armstrong) July 22, 2026 Supporters also point to public opinion. They cite polling showing most American voters think Congress should have passed crypto rules by now.
Where the Pushback Is Coming From
Not everyone is on board. Some Democrats in the Senate say they oppose the current draft. Reports indicate they are still negotiating with Republicans to try to reach a deal that can pass.
Some critics say the bill’s ethics rules don’t go far enough, since they aren’t enforceable by state attorneys general. Others argue the ethics provisions should have addressed past crypto activity by officials, not just future conduct. Supporters of the bill respond that neither complaint holds up. They say no current federal ethics law is enforced by state attorneys general, and that penalizing past conduct would raise constitutional problems.
What Happens Next
Backers of the bill are pushing to get a vote done before Congress leaves for its August recess. Whether that timeline holds depends on whether Senate Democrats and Republicans can agree on a final version soon.
Story Ends Here
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Tesla Takes BTC Losses in Bear MarketAs of March 31, the EV giant held $674 million in digital assets, down 45% year-over-year and 14.24% from the previous quarter.
Tesla reported $112 million in paper losses on cryptocurrency investments, marking three straight quarters of red ink.
The Elon Musk-led company does not publish a breakdown of its cryptocurrency holdings. Instead, all investments are grouped under the “digital assets” line item.
On-chain analytics firm Arkham Intelligence reports that its stockpile consists solely of Bitcoin. Its stash of 11,509 BTC remained unchanged from the last quarter.
Moreover, the 14.24% decline in the value of digital assets is consistent with Bitcoin’s decline in the second quarter.
The firm once accepted Bitcoin as a payment option for its vehicles before ending the practice over concerns about energy consumption in Bitcoin mining.
Revenue Beat, Earnings MissTesla reported second-quarter revenue of $28.24 billion, beating analyst estimates, but fell short of earnings expectations.
The company said it hit $100 billion in trailing twelve-month revenue for the first time in history in the second quarter.
Price Action: At the time of writing, BTC was exchanging hands at $65,795.39, down 0.92% over the last 24 hours, according to data from Benzinga Pro.
Tesla shares fell 4.13% in after-hours trading after closing 1.30% lower at $374.01 during Wednesday’s regular trading session. Year-to-date, the stock has plunged 16.83%.
Benzinga’s Edge Stock Rankings show the TSLA stock underperforming across short-, medium-, and long-term trends.
Photo Courtesy: Ink Drop on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Public financial companies are significantly adopting Bitcoin ($BTC), with 1,201,521 $BTC (nearly $79.02B) in total holdings of the top 151 firms. This marks a notable landmark in the inclusion of digital assets within conventional finance, as Bitcoin dominates 5.72% of public companies’ holdings.
As per the data from Phoenix Group, Strategy, Twenty One Capital, and Marathon Digital Holdings are the top public entities in line with Bitcoin ($BTC) holdings. Additionally, the other names on the list include Metaplanet, Bullish, Strive, Galaxy Digital Holdings, Hut 8 Corp, Riot Platforms, and Coinbase.
BITCOIN HOLDINGS BY PUBLIC COMPANIES
Public companies continue to expand their Bitcoin holdings, solidifying cryptocurrency's role in traditional financial markets. With industry leaders like #Strategy holding substantial amounts, the total $BTC reserved by these firms now… pic.twitter.com/hr3PZffEWh
— PHOENIX – Crypto News & Analytics (@pnxgrp) July 22, 2026 Strategy ($MSTR) Dominates Public Companies in Terms of Bitcoin Holdings with $55.49B The top name on the list of prominent public companies based on Bitcoin ($BTC) holdings is Strategy ($MSTR). The company accounts for up to 843,775 $BTC, denoting $55.49B in total value. After that, Twenty One Capital ($XXI) has become the 2nd biggest platform among the public platforms. Specifically, it has a total of 37,229 $BTC, equaling $2.45B.
Apart from that, Marathon Digital Holdings ($MARA) is the 3rd top public company when it comes to Bitcoin ($BTC) holdings. Thus, it has a cumulative amount of nearly 35,303 $BTC, accounting for $2.32B. In addition to this, Metaplanet ($3350) is another notable name on the list, occupying 35,102 $BTC (almost $2.31B).
Galaxy Digital Holdings ($GLXY), Hut 8 Corp ($HUT), Riot Platforms ($RIOT), and Coinbase ($COIN) Bottom List Bullish ($BLSH) is another renowned public entity when it comes to Bitcoin ($BTC) holdings. Particularly, it has a total of 24,340 $BTC in its Bitcoin holdings, reaching $1.60B. Then comes Strive ($ASST), which has 19,864 $BTC. This figure is reportedly equivalent to $1.31B. Additionally, Galaxy Digital Holdings ($GLXY) holds 17,102 $BTC in its holdings, hitting $1.12B.
According to Phoenix Group, the next public company on the list is Hut 8 Corp ($HUT). Its overall Bitcoin holdings include 15,679 $BTC (nearly $1.03B). Moving on, the 9th top public firm in terms of Bitcoin ($BTC) holdings is Riot Platforms ($RIOT) with 15, 679 $BTC, reaching $1.03B. Ultimately, Coinbase ($COIN) concludes the list with its Bitcoin holdings reaching 14,458 ($950.86M).
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
A Legislative Foundation for Bitcoin ETFsJapan is on course to approve its first Bitcoin $BTC exchange-traded fund as early as 2028, according to a report by Nikkei Asia. The catalyst is a sweeping overhaul of the country's financial rulebook. Japan's parliament has passed legislation amending the Financial Instruments and Exchange Act (FIEA), formally reclassifying cryptocurrencies as financial instruments rather than payment tools. The new law introduces insider-trading prohibitions, mandatory issuer disclosures, and stronger investor-protection requirements across the digital asset sector.
The practical next step for ETFs lies with the Financial Services Agency (FSA). The FSA plans to amend the Investment Trust Act's enforcement order by 2028, adding cryptocurrencies to the list of eligible specified assets for investment trusts. Once Tokyo Stock Exchange approval is granted, investors would be able to trade crypto ETFs through standard brokerage accounts, mirroring the structure already used for gold and real estate products. Major firms including Nomura Holdings and SBI Holdings are already preparing crypto ETF products ahead of the regulatory changes.
Institutions Are Not WaitingInstitutional interest is building well ahead of any formal ETF approval. A Japanese corporate pension fund serving roughly 1,200 small and medium-sized businesses plans to add cryptocurrency exposure to its portfolio starting fiscal year 2026, according to Nikkei. The Nationwide Business Corporate Pension Fund oversees approximately 21.3 billion yen (around $130 million) and intends to allocate about 1% of assets to crypto through a passive vehicle managed by a major hedge fund. Pension fund executives have cited Bitcoin's relatively low correlation with the U.S. dollar as a key attraction for portfolio diversification.
The broader opportunity is significant. Analysts estimate Japanese Bitcoin ETFs could attract up to JPY 3 trillion in assets by fiscal 2028 as institutional participation grows. For context, U.S. spot Bitcoin ETFs have accumulated over $120 billion in net assets since launching in January 2024, drawing in pension funds, family offices, and university endowments. Japan would be entering an asset class that has already demonstrated deep institutional demand in other markets. Lawmakers also approved a plan to cut the top tax rate on crypto income from as high as 55% to a flat 20%, a change targeted for 2028, which analysts say could further encourage domestic retail and institutional participation.
Sources:
The Block: Japan to Approve Its First Crypto ETFs in 2028
Yahoo Finance: Japan to Allow Crypto ETFs by 2028
Coinpaprika: Japan Cuts Its 55% Crypto Tax to 20% and Reclassifies Digital Assets
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.
XRP price has climbed nearly 4% to a two-week high of $1.1574 as Bitcoin’s return above $65,000, whale accumulation and fresh ETF inflows have supported its latest recovery.
Summary
XRP price reached $1.1574 after breaking above a daily symmetrical triangle. Whale wallets raised their holdings by 2.8% as smaller balances declined. XRP ETFs added $5.66 million while XRPL agentic transactions crossed 1 million. According to data from crypto.news, XRP (XRP) price was trading near $1.14 at the time of writing, up about 2% over the past seven days, with its market value standing above $71 billion. The token had eased from its session high after sellers returned around $1.16, but prices remained above a recently broken daily resistance line.
Alongside the improvement in crypto sentiment, activity tied to artificial intelligence has supplied a network-level catalyst. XRP Ledger has processed more than 1 million agentic transactions, according to RippleX engineering head J. Ayo Akinyele, as developers test autonomous payments for data, application programming interfaces and computing services.
Agentic payments allow AI-powered software to complete transactions based on programmed instructions without requiring a person to approve each transfer. XRP Ledger can settle these payments in three to five seconds while offering predictable transaction costs, Akinyele told FinanceFeeds.
Commenting on the milestone, Akinyele projected that the transaction count could rise considerably as developers improve the tools available to autonomous agents.
“I think we’ll blast through 10 million and may even get to 100 million within the next couple of years.”
The forecast remains a projection rather than a measure of future XRP demand. Investors would still need to assess whether developers continue building agent-based services, whether those applications attract regular users and how much XRP or Ripple USD they use for settlement.
Whale buying and ETF inflows support the recovery Santiment data showed that wallets holding between 100,000 and 100 million XRP increased their combined balances by 2.8% during the past five weeks. Over the same period, balances held by wallets containing less than 0.1 XRP fell by 5.2%.
🚨 XRP Whales Accumulate 3% Supply in 5 Weeks! 👁️💎
On-chain data from Santiment shows wallets (100K-100M $XRP) hoarding supply while retail dumps. Price rebounds to $1.16! 🧠⚡️
Trading whale momentum with funded size on EVEDEX, I am!
#XRP #EVEDEX pic.twitter.com/BOv9aMdt43
— Pavel-Crypto_𝔉𝔒ℜℭ𝔈 (@fragoreeez) July 22, 2026 According to Santiment, the opposing trends indicate that whale and shark wallets accumulated tokens while very small holders reduced their exposure. The analytics firm linked the change in holdings to XRP’s rebound toward $1.16, although its data does not establish that large-wallet buying alone caused the price increase.
Demand has also continued through U.S.-listed spot XRP exchange-traded funds. SoSoValue data showed the products attracted $5.66 million in net inflows on July 21, lifting their cumulative intake to about $1.49 billion.
Franklin Templeton’s XRPZ accounted for the entire daily addition, while the other listed products reported no net movement. Trading value across the funds reached $19.16 million during the session, and their combined net assets stood at approximately $1.06 billion, equal to about 1.48% of XRP’s market capitalization.
Among individual products, Bitwise managed the largest pool of assets at $333.50 million, according to the same dataset. The figures show that regulated funds continued receiving capital during XRP’s recovery, but daily flows can vary and do not guarantee sustained price gains.
Daily breakout keeps $1.20 within reach On the daily chart, XRP has broken above the upper boundary of a symmetrical triangle that formed after its June decline. Price also moved through the descending trendline connecting the June and July swing highs before reaching $1.1574.
XRP price daily chart — July 23 | Source: crypto.news Daily momentum has improved with the breakout. The chart’s relative strength index stood at 55.77, above its moving average of 47.38 and below the overbought threshold of 70. Its moving average convergence divergence histogram had turned positive at 0.0077, while the MACD line was rising toward a possible move above the signal line.
The 4-hour chart, however, showed momentum cooling after XRP’s rejection from $1.1574. The latest candle traded near $1.1385, placing the token just above the Murrey Math trading-range ceiling at $1.1353 and the major support and resistance pivot at $1.123.
XRP price 4-hour chart — July 23 | Source: crypto.news A recovery above the 4-hour strong pivot at $1.1475 would give buyers another chance to challenge $1.1597. The supplied chart places the following resistance levels at $1.1719 and $1.1841, with $1.1963 sitting just below the psychological $1.20 barrier.
4-hour MACD readings remained positive, although the shrinking histogram showed that upward momentum had slowed after the latest advance. This setup leaves buyers needing to defend the breakout instead of relying solely on the earlier impulse.
If XRP closes back below $1.123, the 4-hour chart identifies $1.1106 and $1.0986 as the next support levels. A deeper decline could expose $1.0864 and the ultimate support line at $1.0742, weakening the daily triangle breakout despite continued whale accumulation and ETF demand.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
BTC remains under pressure as oil and rates rise. (CoinDesk)Summary
Bitcoin slipped to about $65,500 as rising oil prices and higher Treasury yields pressured risk assets and weighed on major cryptocurrencies.Market sentiment was further dampened by an apparent escalation in U.S. military strikes linked to Iran. Regulator uncertainty persisted as key Senate Democrats criticized the latest draft of the Digital Asset Market Clarity Act, sending betting odds of its passage lower.Bitcoin BTC$65,545.99 remained under fresh selling pressure early Thursday as oil and Treasury yields continued to rise and odds for the Clarity Act tumbled.
The cryptocurrency changed hands near $65,500, down about 0.7% since midnight UTC, extending the pulled back from a high near $66,700 reached Wednesday. The weakness spilled over into the broader market, with major tokens including ether (ETH), solana (SOL), and XRP (XRP) also trading lower.
Futures tied to West Texas Intermediate on the NYMEX climbed to $88.60 per barrel, marking the highest level since June 11. The move extends a steep rebound from recent lows below $70 and signals a potential new inflationary impulse that could push up consumer price indexes in the U.S. and globally. That, in turn, would complicate efforts by central banks to cut interest rates.
Bond markets are already reacting. The U.S. two-year Treasury yield jumped to 4.31%, its highest level since February 2025, while the benchmark 10-year yield rose to 4.66%, the highest since May, according to TradingView data. Higher yields raise the opportunity cost of holding non-yielding assets such as bitcoin and gold, often prompting investors to rotate out of speculative holdings and into fixed-income securities that now offer more attractive returns.
Adding to the cautious market sentiment, Axios reported that the U.S. military deployed a B-1 long-range bomber on Tuesday to strike targets linked to Iran’s Islamic Revolutionary Guard Corps. The use of the heavy bomber represents a clear escalation in the scale of U.S. operations and suggests Washington may be preparing for a broader campaign, rather than continuing with the more limited strikes seen in recent days.
Regulatory uncertainty persisted after a group of key Senate Democrats said the newest draft of the Digital Asset Market Clarity Act (Clarity Act) “falls short” on ethics and other critical provisions.
Betting markets on decentralized platform Polymarket reacted swiftly, with the implied odds of the Clarity Act passing tumbling from 46% to 38%.
Senate Republicans released the updated draft earlier Wednesday, which includes an ethics provision agreed to by the White House and President Donald Trump. Senator Bernie Moreno called it “the most powerful ethics language in U.S. history.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
14 hours ago
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.
Relevant content
F2Pool co-founder Chun Wang has deposited ETH and WBTC worth approximately $15.6 million to Binance.
Per Onchain Lens monitoring, Chun Wang (@satofishi), co-founder of F2Pool, deposited 6,009 ETH (valued at approximately $11.56 million) and 62.31 WBTC (worth around $4.09 million) into Binance, with a total value of roughly $15.6 million. The assets were sourced from withdrawals from Spark Fi, unstaking ETH from Lido Finance, and converting WETH to WBTC via CoW Swap.
17 minutes ago
Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.
According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.
17 minutes ago
Binance will suspend trading on July 25 for system upgrades.
According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.
17 minutes ago
Bithumb will list the CHECK/KRW trading pair.
According to official announcements, Bithumb will list the CHECK/KRW trading pair.
17 minutes ago
The on-chain tokenized GME stock on Robinhood Crypto once traded at a significant premium, as market makers engaged in continuous mint arbitrage.
According to market data, trading activity in GME meme tokens and GME tokenized stocks on Robinhood Crypto has driven a rapid rise in the prices of their underlying liquidity pools. The on-chain price of GME tokenized stocks once traded at a roughly 10x premium over the actual underlying stock price. Given the relevant trading pools hold only around $200,000 in liquidity, heavy buying pressure pushed prices to deviate sharply from the spot level. Currently, mint and burn permissions for GME tokenized stocks are restricted to Authorized Participants (APs) and market makers that have completed Know Your Business (KYB) verification. On-chain data shows the official mint address is continuously issuing additional tokens to inject market liquidity; the latest records indicate new mint transactions occur nearly every minute, aimed at easing the premium and guiding prices back to their fair value.
17 minutes ago
Kazakhstan will incorporate strategic digital mining into the development of its national cryptocurrency reserve, requiring mining firms to surrender a portion of their mining assets.
Kazakhstan’s government has approved the "Implementation Rules for Strategic Digital Mining", allowing eligible enterprises to secure power quotas for up to 10 years at a capped electricity price. In exchange, participating firms must transfer a portion of their mined crypto assets to the Astana Hub Autonomous Cluster Fund, which is managed by the National Investment Company under Kazakhstan’s National Bank to bolster the country’s strategic crypto reserves. Under the new regulations, digital mining operators must submit applications via the E-licensing system, gain approval from a special committee, sign an agreement with Astana Hub within 5 working days, and finalize a power purchase contract with a power generation company to participate in the strategic digital mining program.
Crypto Market Review Q2 2026: Prices plunged, but the biggest story wasn't the sell-off. See what quietly reshaped crypto this quarter.
HIGHLIGHTS
Bitcoin closed June near $58,000, while Ethereum fell 25% during the quarter. Stablecoin market capitalization reached a new record of $323 billion. Tokenized real-world assets (RWAs) grew beyond $28.9 billion despite weaker crypto prices. Hyperliquid nearly doubled its perpetual DEX market share, emerging as one of Q2's biggest winners. Frequently Asked Questions
The market had a difficult quarter, with Bitcoin and Ethereum posting heavy losses as ETF outflows and weak sentiment weighed on prices.
Persistent ETF outflows, capital moving into AI stocks, and broader market uncertainty pushed Bitcoin down toward $58,000
Ethereum faced upgrade delays, institutional selling, and concerns that Layer-2 networks were reducing mainnet activity.
Stablecoins, tokenized real-world assets (RWAs), and prediction markets continued to expand throughout the quarter.
Hyperliquid dramatically increased its perpetual futures market share, strengthening its position as the leading perp DEX
The GENIUS Act moved into implementation, MiCA reached its compliance deadline, and Japan introduced friendlier crypto tax rules.
Key areas include potential Fed rate cuts, Ethereum and Solana network upgrades, ETF flows, and major blockchain conferences.
No. Traditional finance continued expanding into crypto through tokenized funds, stablecoin initiatives, and infrastructure investments.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Bitcoin held near the $66,000 mark on Wednesday as crypto market sentiment remained in the neutral zone and spot ETF inflows turned positive.
Senate Republicans unveiled an updated CLARITY Act draft featuring a ban on senior U.S. officials, including President Donald Trump, from sponsoring crypto for compensation until January 2029.
Notable Statistics:
Coinglass data shows 63,900 traders were liquidated in the past 24 hours for $161.26 million. SoSoValue data shows net inflows of $203.1 million from spot Bitcoin ETFs. Spot Ethereum ETFs saw net inflows of $37.5 million. In the past 24 hours, top losers include DeXe, Stable and Midnight. Notable Developments:
Trader Notes:
Crypto chart analyst Ali Martinez highlighted $70,920 as Bitcoin’s key resistance level, based on the MVRV Pricing Bands. He said this level could trigger selling pressure as it aligns with the aggregate investor cost basis.
A sustained close above $70,920 would be needed to absorb overhead supply and confirm the continuation of Bitcoin’s rebound.
Trader KillaXBT believes Bitcoin has already formed its cycle bottom. He expects a liquidity sweep above the current range highs, followed by a false breakout and a drop below $62,000 to establish a higher low.
The anticipated correction is expected to be driven by weakness in traditional financial markets rather than crypto-specific factors.
Grayscale highlighted that, "The CLARITY Act can do for the industry what crypto ETFs did: unlock the next wave of adoption."
Photo: Sebastian Duda on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Leading cryptocurrencies flatlined on Wednesday as investors weighed the implications of the Clarity Act and rising geopolitical tensions in the Middle East.
Crypto Rally CoolsBitcoin failed to break through $67,000 and slipped back to $65,000 after encountering strong selling pressure. Ethereum wobbled in the narrow range between $1,900 and $1,950, while XRP and Dogecoin also moved sideways.
Earlier, Senate Republicans released an updated draft of the Clarity Act that introduced new ethics provisions to limit cryptocurrency investments by the president and other federal officials.
Over $180 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in long positions, according to Coinglass data
Bitcoin’s open interest slid 2.18% over the last 24 hours. Binance derivatives traders bought the dip, with both retail and whale players increasing their long exposure to the leading cryptocurrency.
"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.26 trillion, following an increase of 0.82% over the last 24 hours.
Stocks Close in the RedStocks ticked lower on Wednesday. The Dow Jones Industrial Average fell 6.06 points, or 0.01%, to close at 52,218.58. The S&P 500 slid 0.14% to close at 7,498.96, while the tech-heavy Nasdaq Composite lost 0.57% to settle at 25,690.90.
Geopolitical tensions remained elevated as Secretary of State Marco Rubio accused Iran of not being “serious” about negotiations. He added that Iran’s demands to control transit through the Strait of Hormuz could “never be allowed to happen.”
Will Bitcoin’s Rebound Lose Steam?Ali Martinez, a widely followed cryptocurrency analyst and trader, identified $70,920 as the next major resistance to watch for Bitcoin.
“Securing a close above $70,920 is required to clear this overhead supply and confirm the continuation of the BTC rebound,” the analyst added.
On-chain analytics firm CryptoQuant noted that despite Bitcoin’s recent uptick, spot buying has remained “thin,” with leverage doing the heavy lifting.
“No overheating yet, but not a rally on solid footing either. Watch for spot volume to actually warm up before chasing price,” the firm added.
Photo Courtesy: PJ McDonnell on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
S&P Dow Jones Indices and Pantera Capital have introduced a new digital asset index focused on tracking blockchain networks and protocols based on protocol revenue. This approach marks a shift from traditional crypto benchmarks that rely on market capitalization or token prices.
Protocol revenue as the key metricThe index is derived from the S&P Cryptocurrency Broad Digital Asset Index and screens assets for minimum levels of protocol revenue, market capitalization, and liquidity. Once assets meet these requirements, eligible networks are ranked by their total protocol revenue over the previous two quarters. The final composition is then weighted by adjusted market capitalization, with a maximum allocation of 35% for the largest holding and up to 20% for most other constituents. The index undergoes quarterly rebalancing.
S&P Dow Jones Indices and Pantera Capital stated that the benchmark targets institutional investors and could be utilized as the basis for investment products or as a reference point for actively managed portfolios. According to S&P, the index’s rules-based structure is designed to differentiate established blockchain activity from more speculative digital assets.
The index’s methodology prioritizes blockchain networks with substantial protocol revenue, aiming to give investors exposure to projects generating meaningful economic activity rather than just speculative value.
Constituents and methodologyAt launch, the index consisted of 18 digital assets, with Ether (ETH), BNB (BNB), Solana (SOL), TRON (TRX), and Hyperliquid (HYPE) as the largest holdings. Bitcoin (BTC) and XRP (XRP), which rank prominently in the broader S&P Cryptocurrency Broad Digital Asset Index, were excluded due to the protocol revenue selection criteria.
Mini dictionary: S&P Dow Jones Indices is a major global index provider, best known for benchmarks like the S&P 500, while Pantera Capital is a prominent blockchain investment firm focused on crypto startups and digital asset strategies.
IndexConstituentsLargest HoldingsWeighting MethodS&P Digital Asset Index18 tokensETH, BNB, SOL, TRX, HYPEAdjusted market cap, max 35%S&P Cryptocurrency Broad Digital Asset IndexWider selectionIncludes BTC, XRPMarket capitalizationRecent trends in digital asset benchmarksThe launch expands S&P Dow Jones Indices’ broader efforts in the crypto space. In October, the index provider rolled out the S&P Digital Markets 50 Index, which blends 15 cryptocurrencies with 35 public companies involved in the crypto sector.
This latest index is part of a growing movement in the industry to create institutional-grade benchmarks for digital assets. As traditional financial institutions continue to expand their crypto offerings and tokenized assets become more popular, demand for reliable metrics has increased.
Earlier this year, Hashdex introduced the Nasdaq Crypto Index US ETF, the country’s first multi-asset spot crypto ETF. Franklin Templeton followed with its own index fund, providing exposure to Bitcoin and Ether through a capitalization-weighted approach.
In April, MarketVector Indexes and Coinbase Asset Management released the Coinbase Store of Value Index. This new benchmark combines Bitcoin and tokenized gold, using an inverse-volatility weighting to capture diversified exposure.
Matt Hougan, chief investment officer at Bitwise, highlighted in December that crypto index funds are expected to see significant growth in 2026. Hougan argued that as the asset class matures and becomes more complex, diversified index offerings are likely to become more attractive for investors who want exposure to digital assets without attempting to pick individual winners.
With the fast-paced evolution of blockchain networks and uncertainty over long-term leaders, diversified index products may appeal to investors seeking broader market exposure.
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.
Bitcoin (BTC) edges below $66,000 on Thursday, extending the previous day's losses. Hedera (HBAR) and Lido DAO (LDO) sustain bullish momentum, testing the breakout of a crucial resistance zone to extend their rally.
CoinMarketCap’s Fear and Greed Index at 39 stalls below the neutral territory, indicating that sellers remain dominant.
Fear and Greed Index. Source: CoinMarketCapBitcoin could retest its 50-day EMABitcoin is edging lower toward the 50-day Exponential Moving Average (EMA) at $65,167, but maintains a constructive near-term tone. From a technical perspective, BTC remains capped below the key resistance level at $67,516. A decisive close above this could reinstate a recovery toward the 200-day EMA at $74,214.
Momentum indicators support this bias, with the Relative Strength Index (RSI) at 58 holding a broadly upward trend and the Moving Average Convergence Divergence (MACD) and its signal line staying above zero, suggesting ongoing bullish pressure rather than exhaustion.
BTC/USDT daily price chart.On the downside, initial support is located at the 50-day EMA at $65,167, and holding above this moving average would keep the broader bullish bias intact. However, a sustained break below it would expose a deeper corrective phase toward $60,000.
Hedera and Lido DAO face headwindsHedera shows early signs of bullish bias in the near term as price tests the 50-day EMA at $0.0745, which sits well below the 200-day EMA at $0.0958. A breakout of the 50-day EMA at $0.0745 could extend the rally toward the R1 Pivot level at $0.0888.
Despite this capped structure, momentum has improved: the RSI has firmed to around 56, while the MACD and signal line rise with the histogram expanding, suggesting that downside pressure is easing.
HBAR/USDT daily price chart.Looking down, the S1 Pivot level at $0.0593 emerges as the next crucial support level if price reverts from the 50-day EMA.
Lido DAO hovers below $0.4000 at press time on Thursday, extending a bullish recovery above the 50-day EMA at $0.3188. Price is now pressing into the lower edge of a broader resistance area, with the 200-day EMA at $0.4095 capping the advance ahead of the 78.6% retracement from $0.4700 to $0.2341 at $0.4195.
A sustained breakout above the 200-day EMA at $0.4095 could extend the rally toward the previous swing high at $0.4700, followed by the $0.5000 psychological threshold.
The RSI is near 75, in overbought territory, and a positive MACD and signal line suggest strong upside momentum that is increasingly stretched.
LDO/USDT daily price chart.On the downside, immediate support is located at the prior breakout zone around the 50% Fibonacci retracement at $0.3317, followed by the 50-day EMA at $0.3188.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Balance Coin, an algorithmic stablecoin designed to maintain a fixed value of $1, plummeted by approximately 99% on Wednesday after a major security breach. The attack resulted in the loss of $912,000 from the project’s treasury, wiping out nearly its entire $3.5 million nominal value.
Algorithmic stablecoin loses peg after exploitBalance Coin (BLC) is a stablecoin built on an algorithmic model and aimed at consistently trading close to the US dollar. Before the incident, BLC was trading at around $0.9954. However, by early Wednesday, its price had plunged to between $0.0014 and $0.0025, according to several tracking services.
This sharp decline followed a targeted exploit that manipulated the project’s BTCB price oracle. By late Wednesday, BLC had lost nearly all of its market value.
Security flaw exploited via distorted oracleThe Balance Protocol operates a lending and minting system reminiscent of MakerDAO, allowing users to lock up assets such as Bitcoin Cash (BCH), Binance-pegged Bitcoin (BTCB), and USDT in order to mint new BLC tokens. When collateral falls below a required threshold, the protocol automatically liquidates the position and sells the collateral.
SlowMist, a blockchain security firm, traced the exploit to the protocol’s Median Oracle, which supplies BTCB price data. The attacker set an abnormally low price for BTCB using the Spotter contract’s ‘poke’ function, then triggered liquidations through the Dog module. SlowMist noted the Spotter module lacked safeguards such as a time-weighted average price, deviation bounds checking, or a liquidation delay.
SlowMist observed that the protocol’s absence of critical security features allowed an attacker to liquidate secure vaults by submitting a manipulated price, collecting the collateral in a single transaction.
Without these protections, the system quickly became vulnerable, making previously safe vaults suddenly appear insolvent and allowing the thief to claim the locked assets.
Mini dictionary: Oracle, a mechanism that provides external data (such as asset prices) to smart contracts, playing a crucial role in decentralized finance platforms’ operations.
Attacker mints tokens and converts to real assetsThe exploitation did not stop with liquidations. Using a compromised GemJoin contract, the attacker minted around 4.5 million BLC tokens from a null address and promptly swapped them on PancakeSwap V2 for BSC-USD and BTCB, turning freshly created BLC into tangible cryptocurrencies.
A second similar transaction occurred two hours later, minting an additional 5,900 BLC. The sudden influx of unbacked tokens disrupted BLC’s peg in real time, as the mechanism intended to hold its dollar value was turned against the system itself.
Mini dictionary: PancakeSwap, a decentralized exchange protocol on the BNB Chain that allows swapping of BEP-20 tokens without intermediaries.
Security audit limitations and repeated BNB Chain attacks42DAO, the team behind Balance Coin, had previously relied on a CertiK audit of its minting contract as a symbol of security. CertiK is a well-known blockchain security auditor. However, these audits generally focus on bugs such as coding or access control issues, and often treat oracle-price feeds as trusted inputs, overlooking the risk of manipulated data feeds.
Despite Oracle manipulation being highlighted by OWASP’s 2026 Smart Contract Top 10, such attacks typically fall outside standard audit scopes. Balance Coin’s system lacked a time-weighted average price feed, deviation bounds checking, and did not implement a liquidation delay similar to the one-hour Oracle Safety Module used by MakerDAO.
While the system underwent a legitimate audit, its lack of key security measures made it vulnerable to manipulation through the price oracle, which was not considered within the standard audit’s scope.
Security FeatureImplemented by Balance CoinImplemented by MakerDAOTime-weighted average price feedNoYesDeviation bounds checkingNoYesLiquidation delay (Oracle Safety Module)NoYes (1 hour)The Balance Coin incident is the third significant DeFi exploit on BNB Chain in the past two months. In late May, around $7.3 million was stolen from DxScale’s legacy liquidity lockers, and in early June, TesseraDAO suffered a $2.5 million loss due to an admin-key compromise. In all three incidents, affected teams remained silent following the attacks.
Recent analyst commentary points out that attackers are increasingly targeting vulnerabilities in governance structures and data oracles, rather than searching for coding bugs.
Growing instability in algorithmic stablecoins has become more evident after prominent failures including the collapse of Terra’s UST in 2022, as well as repeated depegs affecting Ethena’s USDe and Abracadabra’s MIM.
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.
Dogecoin price trades near $0.073, its lowest area since November 2023, days after a whale bought 200 million DOGE worth $14 million. Elon Musk added fuel by liking a Doge meme for the first time in months.
The Dogecoin price has fallen about 90% from its 2021 record and has spent 19 months in a downtrend. Derivatives traders now position for a reversal, while ETF investors stay on the sidelines.
Dogecoin 1-Year Price Chart. Source: BeInCryptoWhales Accumulate as Musk Breaks His SilenceOn July 19, an unidentified whale purchased 200 million DOGE, worth roughly $14 million, through Robinhood. Futures volume jumped 114% to about $740 million, and open interest climbed above $1.1 billion.
Moreover, the weekly TD Sequential indicator has flashed consecutive buy signals. Historically, this setup has appeared near major bottoms across crypto assets, though it does not guarantee a reversal.
Speculation about the buyer intensified after Elon Musk liked a reply featuring the Swole Doge meme. According to Whale Insider, it was his first Doge-related like in months.
However, no wallet data links Musk to the purchase, and the claim remains unverified.
The accumulation stands out because meme coin dominance recently fell to a two-year low, with capital rotating into utility tokens.
Dogecoin Price: Sport ETF Flows Have FlatlinedThe institutional side tells a different story. Glassnode data shows US spot Dogecoin ETF inflows peaked near $2.5 million per day in early January, when DOGE traded around $0.15.
Since then, inflows have shrunk and become sporadic. Early July brought an outflow of roughly $871,000, the second largest in the products’ history. In contrast to the whale activity, net flows have sat at zero for about two weeks.
DOGE US spot ETF net flows. Source: GlassnodeThe two funds hold a combined $20 million in assets, barely above their launch levels. Therefore, the current bid comes from whales and leveraged traders rather than regulated funds. Meme coins have also absorbed heavy selling on Binance since Bitcoin’s October peak.
A Full Retrace to November 2023 LevelsThe weekly chart shows how deep the reset runs. DOGE has retraced the entire rally from its December 2024 cycle top at $0.485, returning to its November 2023 base.
Price is now testing the $0.056 to $0.07 support zone that launched the previous bull run. Meanwhile, DOGE presses against the descending trendline drawn from the cycle high. A weekly close above it would mark the first trendline break in 19 months.
DOGE weekly chart. Source: TradingviewIf buyers reclaim momentum, the 0.786 Fibonacci retracement at $0.1476 becomes the first major target. The golden pocket near $0.2197 follows. Weekly volume keeps contracting, a pattern also visible in SHIB and other meme coins at multi-year lows.
Dogecoin Price Prediction and the $0.07 Line in the SandThe daily chart confirms stabilization rather than reversal. DOGE has traded between $0.070 and $0.075 since late June, sitting on the top of the weekly support band.
The Relative Strength Index (RSI) has recovered to the neutral zone after deeply oversold readings in June. However, declining volume shows low participation, so any breakout attempt needs a clear volume expansion to be credible.
DOGE daily chart. Source: TradingviewThe resistance ladder starts at $0.082, about 12% above the current price. The $0.089 to $0.09 zone follows, then the psychological $0.10 level, roughly 37% higher.
Reclaiming the $0.1154 swing high, a 58% move, would signal a genuine trend reversal, as noted in a previous DOGE analysis.
On the downside, losing $0.07 could open a slide toward the 1.0 Fibonacci level at $0.0556, about 24% below. Whale accumulation and rising open interest could accelerate either move. Either the trendline finally breaks, or DOGE revisits prices last seen in 2023.
Cathie Wood just named her favorite stock. It is Elon Musk’s SpaceX (SPCX), and she says it could become the most important company in history.
That is a bold call right now. SpaceX has fallen about 40% from its peak and now trades below where it started.
SpaceX (SPCX) Stock Performance. Source: TradingViewSpaceX Is Wood’s Top PickWood spoke in a July interview with Fox Business host Maria Bartiromo. Bartiromo asked for her favorite stock. Wood picked SpaceX right away.
“Ultimately SpaceX when they combine… the orbital data center opportunity.”
She has backed SpaceX since late 2023. When it went public, she spent $529.7 million on the first day. She sold Tesla shares to help pay for it.
This is a familiar move. ARK also bought Coinbase and CoreWeave soon after they listed. Wood likes to buy fast-growing names early.
Wood’s Boldest Prediction YetThen Wood made her biggest claim.
“We think this could become the most important company in history and I mean in global history.”
Her reasons are simple. SpaceX runs Starlink, which beams internet from space. Wood says it controls about 70% of all active satellites. Starlink is also the only part of SpaceX that makes money.
SpaceX rents out computing power to big AI firms too.
“In the meantime on Earth, SpaceX is renting out its data centers to Anthropic and Google and others.”
It may also feed data to xAI’s Grok models. Wood says the company is on track to make $47 billion a year.
SpaceX Stock Has Fallen HardBut the market is not sold yet. The stock trades near $119. That is below where it started, and almost 4% lower on Wednesday.
The numbers explain the doubt. SpaceX has run up $41.3 billion in losses, its IPO filing shows. Recent Starship test delays hurt the stock too.
Wood says the sell-off misses the bigger picture.
“It has a ten year lead and the key has been reusable rockets.”
She has a point. SpaceX landed and reused a rocket back in 2015. No rival matched that for years.
Wood has been early before. She bought Tesla in 2016. She backed Bitcoin years ago. Bloomberg even named her the best stock picker of 2020.
But her record swings a lot. Her main fund fell about 78% from 2021 to 2022. Morningstar says it wiped out $7 billion for investors between 2014 and 2024.
Wood sees the drop as a chance to buy. She says SpaceX opens up huge markets.
“There are lots of opportunities and they are multi trillion dollar opportunities.”
If algorithmic stablecoins were ever akin to financial blockbusters, Balance Coin (BLC) just became the cautionary tale every producer dreads. On July 22, 2026, the stablecoin saw a dramatic collapse, dropping over 99% to $0.0014 after hackers exploited its governance structure.
The Collapse The attack focused on the Balance Protocol’s Median Oracle, a critical mechanism feeding Bitcoin price data into the system. When the oracle was manipulated, it fed an artificially low Bitcoin price, which triggered unwarranted liquidations of collateralized vaults. Think of it as setting all the mousetraps in a house using wrong coordinates—the results were swift and costly.
This exploit drained approximately $912,000 to $915,000 from 42DAO, the governance entity responsible for Balance Coin. To put it into context, that’s almost the entire nominal market value of $3.5 million wiped out quicker than you can say “liquidation.”
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The Bigger Picture For anyone cheering for decentralization, this incident shouts “watch your back.” Alarm bells are ringing loud and clear that vulnerabilities in decentralized finance, especially regarding price oracle security, can be massive pitfalls. It’s not the first time oracles have been the weak link. In English: it’s like forgetting to secure the backdoor after locking the front.
The Balance Coin debacle underlines one perennial truth: no matter how small or large, projects in the DeFi space are susceptible to these sophisticated attacks. Even comparisons to established platforms like MakerDAO failed to safeguard Balance Coin from this harsh reality.
Implications for the Crypto Market Investors haven’t exactly been jumping for joy since. The incident has turned the spotlight on the fragility and complexity of DeFi platforms. Algorithmic stablecoins offer remarkable innovation but can easily fall prey to vulnerabilities, especially in their pricing structures.
This episode serves as a warning for stakeholders who might now favor stability and proven security track records over high returns. In essence, due diligence in assessing DeFi projects has never been more paramount.
The situation also invites regulatory scrutiny as crypto enthusiasts and market players alike ponder over ways to shore up security. It’s a chance—or perhaps a necessity—for DeFi to mature with better safety features and more reliable prevention mechanisms.
The Ripple Effects Considering BLC operated on the BNB Chain, the ripple effects could concern adoption rates. While the BNB Chain itself is not directly implicated, market perception can take a hit, affecting investor confidence in not just BLC but other algorithmic stablecoins unless substantial and demonstrable improvements in security are achieved.
One doesn’t have to squint to see the big picture implications for risk management strategies across the DeFi landscape. The incident reinforces the risks of protocols heavily reliant on collateralization and price oracles, causing many to rethink their involvement in similar structured protocols.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDRNew Share Sales Add Dilution PressureBitcoin Weakness Amplifies the DeclineEarlier Bitcoin Sales Remain a Sentiment FactorGet 3 Free Stock Ebooks MSTR stock fell 3% as fresh share sales and weaker Bitcoin prices pressured the company’s valuation. Strategy sold 2,732,318 Class A shares and raised about $263.5 million in net proceeds. The company increased its United States dollar reserve to approximately $3.225 billion. Strategy purchased no Bitcoin during the July 13–19 reporting period. Earlier Bitcoin sales funded preferred-stock distributions and strengthened the company’s cash reserves. Strategy held 843,775 Bitcoin at an average purchase price of $75,476. MSTR stock fell 3.0% on Wednesday as fresh equity sales and weaker cryptocurrency markets weighed on trading. MSTR stock declined after the company disclosed another large issuance under its active at-the-market program. The latest filing also showed no Bitcoin purchases, sharpening attention on Strategy’s changing capital priorities.
Strategy Inc, MSTR
New Share Sales Add Dilution Pressure Strategy sold 2,732,318 Class A shares between July 13 and July 19, according to Monday’s regulatory filing. The sales produced about $263.5 million in net proceeds for the company’s expanding United States dollar reserve. MSTR stock faced renewed dilution pressure because the transaction increased the number of common shares available.
The company completed the sales through its existing at-the-market offering programs rather than a single underwritten transaction. Strategy can therefore raise funds gradually, although each issuance reduces existing shareholders’ proportional ownership. That structure has supported Bitcoin purchases before, but recent proceeds have strengthened liquidity instead.
Strategy reported a cash reserve of approximately $3.225 billion following the latest round of common stock sales. The larger reserve supports preferred dividends, debt interest, and other corporate obligations during volatile market conditions. However, MSTR stock received no immediate support from a new Bitcoin acquisition announcement.
Bitcoin Weakness Amplifies the Decline Bitcoin traded under renewed pressure during Wednesday’s session, while broader risk assets also moved lower. Strategy’s market value often reacts sharply because its balance sheet holds substantial exposure to the cryptocurrency. Consequently, MSTR stock extended losses as Bitcoin failed to establish stronger upward momentum.
Strategy held 843,775 Bitcoin as of July 19, with an aggregate purchase cost of $63.69 billion. The company reported an average acquisition price of $75,476, including fees and related expenses. MSTR stock therefore remains sensitive to Bitcoin movements below the company’s average purchase level.
The filing showed that Strategy purchased no Bitcoin between July 13 and July 19. That pause separated the latest equity issuance from the company’s traditional pattern of funding additional cryptocurrency purchases. As a result, MSTR stock reflected both weaker Bitcoin trading and limited treasury expansion.
Earlier Bitcoin Sales Remain a Sentiment Factor Strategy sold 3,588 Bitcoin for about $216 million between June 29 and July 5. The company directed those proceeds toward preferred distributions and reserve funding instead of further Bitcoin accumulation. That transaction changed expectations surrounding Strategy’s long-standing approach to its digital asset holdings.
The company also recorded an $8.32 billion digital asset loss during the second quarter. That accounting charge reflected Bitcoin’s market decline and added pressure to reported financial performance. Meanwhile, MSTR stock continues trading below levels reached before the cryptocurrency market weakened.
Insider activity has also leaned heavily toward sales during the past six months, according to Quiver Quantitative. Still, recent analyst coverage included two buy ratings and no reported sell ratings for MSTR stock. MSTR stock ended Wednesday lower as dilution, Bitcoin weakness, and reserve priorities shaped the latest session.
As geopolitical tensions between the US and Iran escalate, Bitcoin has proven to be as unyielding as a 90s action hero surviving explosions. Despite threats of US strikes on Iranian infrastructure, Bitcoin’s price held its ground, only seeing a minor dip of around 1% to trade at approximately $65,975. This minimal reaction is all the more notable given the major fluctuations seen in traditional markets.
In contrast, the broader financial landscape seemed less phased, with US stocks remaining relatively stable. However, the rising oil prices, with WTI hitting $88.60 and Brent climbing to $95.50, suggest the economic ripples of geopolitical developments. Yet, it’s Bitcoin that’s really catching analysts’ attention for its ability to stand under such scrutiny.
S&P 500 short interest sparks potential upheaval If movies have taught us anything, it’s that betting against the hero rarely ends well. Right now, the S&P 500 is playing out its own dramatic storyline. Short interest has climbed to levels not seen since 2011, ranging between 3.0% and 3.7%, according to analysts from The Kobeissi Letter and Bloomberg. This surge suggests investors are betting against US equities, setting the scene for a potential short squeeze.
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A short squeeze occurs when investors who bet against a stock have to cover their positions, often driving prices up sharply. If this squeeze takes place, it could elevate stocks, and by association, risk assets like Bitcoin could follow the upward motion.
Bitcoin’s bullish signals Analysts have spotted bullish divergence signals in Bitcoin compared to the S&P 500. In simpler terms, while equities are facing high-pressure situations, Bitcoin is sending signals that might just say, “I’ve got this.” This pattern makes a case for Bitcoin outperforming traditional US stocks, a trend that has appeared sporadically throughout various episodes of geopolitical unrest.
Bitcoin’s resilience wasn’t just a flash in the pan; it rose approximately 7% at the onset of the US-Iran tensions flaring up in February 2026, even as traditional stock markets and safe havens like gold danced to a more erratic tune.
Implications for the crypto market Here’s why it matters: Bitcoin’s ability to remain resilient could make it the eye of the storm for investors seeking stability. In the face of market volatility, alternatives like Bitcoin often shine brighter, potentially serving as a safe haven or hedge. This highlights a growing perception that crypto is not just for speculative thrills but could be a serious contender for investment strategies against the backdrop of global uncertainty.
Furthermore, if Bitcoin continues to withstand market volatility and geopolitical undercurrents, it could attract increased interest from institutional investors. These bigger players could be hunting for diversification away from the often unpredictable actions of traditional markets. However, caution remains crucial as the level of short interest in the S&P 500 still suggests bumpy roads ahead.
Traders and investors should keep an eye on Bitcoin’s technical signals and the impending turmoil surrounding S&P 500 positions. The dynamic between the potential short squeeze in equities and Bitcoin’s bullish patterns may present lucrative opportunities, allowing crypto to claim its place in diversified portfolios amid the current volatile climate.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Crypto entrepreneurs Tyler and Cameron Winklevoss donated over $10 million after liquidating Bitcoin to American super PAC MAGA Inc., which supports President Donald Trump.
A Tuesday filing shows each twin — the founders of the public crypto exchange, Gemini — donated over $5 million each.
The donation comes about one month after the U.S. Commodity Futures Trading Commission asked a judge to vacate the agency’s $5 million penalty against Gemini.
The twins back in 2024 announced that they had donated 30.94 Bitcoin, valued at over $2 million at the time, to President Trump’s campaign, claiming it would “put an end to the Biden Administration’s war on crypto.”
During the Biden Administration, regulators cracked down hard on crypto exchanges — including Gemini — but since President Trump took office, a number of lawsuits have been scrapped.
MAGA Inc. has raised over $400 million in fresh cash ahead of November’s midterm elections.
The Winklevoss twins are Bitcoin OGs The Winklevoss Twins — who claimed they played a part in the creation of Facebook — founded crypto exchange Gemini in 2014 after being early Bitcoin backers.
Crypto industry observers have long speculated that the twins are two of the biggest Bitcoin holders in the space.
The twins have long praised President Trump’s pro-Bitcoin and pro-business stance, claiming it’s crucial for the future of the crypto industry in the country.
Tyler in particular emphasized the need for a political shift to prevent further harm to the industry and to restore an environment conducive to innovation and economic growth.
“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” he said back in 2024. “This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth.”
Back in May, Gemini shares jumped over 20% in after-hours trading after the Winklevoss twins announced a $100 million Bitcoin-funded investment in the company alongside Q1 earnings showing 42% year-over-year revenue growth.
The quarter’s results included a narrowed net loss of $109 million and a sharp rise in services and credit card revenue, though trading volumes had fallen from a year earlier following Bitcoin’s crash from its October peak.
The rally followed months of turmoil for Gemini, including layoffs, executive departures, shareholder lawsuits, and a stock price that had dropped more than 89% from its IPO high, partly offset by a CFTC derivatives license granted in April.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Senate Republicans released an updated version of the Clarity Act on Wednesday, a draft that for the first time carries a crypto ethics agreement barring the president, vice president, members of Congress, federal judges, and other covered officials from issuing or sponsoring digital assets.
The new Clarity Act text, posted after morning briefing calls with stakeholders, adds a section titled “Ban on certain digital asset transactions.” It states that a covered individual “shall not, in exchange for consideration,” issue or sponsor a digital asset, a prohibition that reaches public officials and employees during their service, and their spouses.
A companion clause bars the listing of any digital asset found to be issued or sponsored by a covered individual in violation of the ban.
The bill offers a safe harbor. A covered individual would avoid violation by placing a direct interest in a digital asset in a qualified blind trust, divesting it, or both, along procedures that track the ethics-agreement rules under section 208 of title 18.
A separate carve-out protects continued use of a covered individual’s name, image, or likeness when an issuer or intermediary used it before the person entered covered status.
JUST IN: 🇺🇸 Senate Republicans release updated Clarity Act text that bans the President and covered officials from issuing digital assets and requires them to sell their crypto holdings or put them in a blind trust. pic.twitter.com/v7UDXGI45B
— Bitcoin Magazine (@BitcoinMagazine) July 22, 2026 The ethics package carries an expiration date. Under the draft, the provisions have no force after noon on January 20, 2029, and no person faces penalty after that sunset for conduct on or before it. The timing lines up with the end of the current presidential term.
Clarity Act dispute over President Trump’s crypto efforts The ethics language answers a months-long Clarity Act dispute over President Trump’s crypto ventures, which a July financial disclosure tied to about $1.4 billion in 2025 income through the $TRUMP token and World Liberty Financial.
Eleanor Terrett reported the package was negotiated between the White House and Republican Senators Cynthia Lummis and Bernie Moreno, and that it does not carry Democratic sign-off.
Democrats on the Banking Committee had pressed for enforceable conflict-of-interest rules, and an amendment to bar officials from crypto ties failed during the May markup of the Clarity Act.
Beyond ethics, industry sources say the Blockchain Regulatory Certainty Act stays intact from the committee version. The BRCA holds that non-custodial developers and infrastructure providers are not money transmitters for building or maintaining decentralized networks, a protection the industry has pushed to preserve.
Further amendment details The Lummis-Grassley amendment keeps criminal liability for anyone who “knowingly” facilitates illicit transactions, and the Keep Your Coins Act preserves the right to self-custody.
The stablecoin-yield section holds the Tillis-Alsobrooks compromise: a ban on interest paid on idle payment-stablecoin balances, with room for rewards tied to activity such as transactions or staking, as long as those rewards do not function as interest on a bank deposit.
A new section of the Clarity Act builds out law enforcement tools. It raises funding for state and local crypto investigations and blockchain analytics, sets up training for police and prosecutors, creates a “cyber center” against nation-state actors such as North Korea and Iran, and forms a public-private task force on fraud.
It also requires stablecoin issuers to comply with lawful orders to freeze, seize, burn, and reissue tokens.
The text carries bankruptcy protections that treat customer digital assets as property of the customer rather than part of a failed company’s estate, a rule meant to head off another FTX-style loss.
The 616-page draft came from Republicans, and it lacks Democratic support for the moment.
Senator Lummis thanked her “Democratic colleagues for their important contributions” and voiced a commitment to “reaching a deal in the coming days that will allow this legislation to become law.” Majority Leader John Thune plans a floor vote in the coming weeks.
The release caps a stretch of pressure to move the Clarity Act. The House passed its version in July 2025 on a 294-134 vote, and the measure has waited in the Senate since.
The Senate Banking Committee advanced its text in a 15-9 vote in May. Coinbase and other firms have pushed for passage before the August recess, Treasury Secretary Scott Bessent put the effort at the “1-yard line,” and Trump has pressed the chamber to act.
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
Eric Balchunas, a seasoned expert from Bloomberg, has analyzed recent developments in the Bitcoin market.
While Bitcoin is showing signs of recovery recently with its recent rise and renewed capital inflows into spot ETFs, analysts say it’s too early to say whether the current movement has turned into a permanent uptrend.
Bloomberg Senior ETF Analyst Eric Balchunas said Bitcoin has gained approximately 8 percent in value since the 250th anniversary of US independence, outperforming many assets during that period.
Balchunas noted that, in parallel with the recovery in BTC price, demand for spot Bitcoin ETFs traded in the US has also strengthened again. According to the data, spot Bitcoin ETFs recorded net inflows of approximately $750 million in the last week.
However, Balchunas stated that it is difficult to be entirely confident that the current upward movement will be permanent. He noted that a recovery in Bitcoin after the previous sharp pullback was not surprising, but added that the price’s future direction is not yet clear.
According to Balchunas, one of the most significant pressures on the Bitcoin price has been the selling by early investors who have been in the market for a long time. He stated that the selling by long-term BTC holders, which has been ongoing for about nine months, has put pressure on the price, and that Bitcoin could experience a stronger recovery if these investors stopped selling.
*This is not investment advice.
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Bitcoin is growing up—from rebellious digital currency to serious asset class. The Bitcoin Yield Summit, organized by the Stacks ecosystem, marks a turning point in how institutional investors manage their Bitcoin holdings. Instead of letting their BTC nap in cold storage, institutions are now exploring ways to make it work for its keep.
Shifting gears to productive Bitcoin The Bitcoin Yield Summit is a virtual gathering planned for March 11 and March 31, 2026. It’s not just another Zoom meeting; it’s where the brains behind Bitcoin yield strategies come together. The event promises to explore sustainable, risk-adjusted yield opportunities for Bitcoin while preserving those precious custody rights.
Attendees include a mix of builders, researchers, and heavy-hitters like Bitwise, Grayscale, and UTXO Management. They’re all in for a single mission: to make Bitcoin more than just a buy-and-hold asset through innovative, Bitcoin-native yield strategies.
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UTXO Management’s recent move into participating in Stacks’ Bitcoin Staking program in May 2026 is a significant milestone. They’re looking at a healthy 3% annual yield from their Bitcoin holdings. This shift reflects a broader move towards self-custodial approaches, allowing institutions to generate returns without giving up control over their assets.
Why institutional involvement matters Currently, institutions hold about 18.5% of Bitcoin’s total supply, a testament to their growing clout in the crypto space. This isn’t just about adding Bitcoin to their balance sheets anymore. These institutions are playing a different game: finding ways to make Bitcoin work harder through yield strategies.
Enter Stacks’ integration with Fireblocks. Announced in July 2026, this integration allows institutions to access Bitcoin-native yield opportunities in a framework that respects custodial ownership. Essentially, it adds a layer of trust and security, making yield generation more attractive to cautious institutional investors.
Implications for the Bitcoin market The developments highlighted at the Bitcoin Yield Summit underscore a significant shift not just for institutions but for the entire Bitcoin market. As institutions adopt these yield strategies, they can enhance their investment portfolios, potentially leading to increased demand for Bitcoin.
This demand could buoy Bitcoin prices, driving them upwards as more institutions integrate these yield strategies. More deposits in Bitcoin-related products mean a more stable market, which could also snare the interest of retail investors keen to ride the wave of institutional activity.
Moreover, mechanisms such as Proof-of-Transfer (PoX) and forthcoming protocols for staking are redefining Bitcoin’s role. These innovations are paving the way for Bitcoin to be more than a passive asset, which aligns with upcoming whitepaper proposals looking to provide BTC yield through protocol bonds.
The transition from passive holding to active yield generation demonstrates Bitcoin’s evolution as an asset class. The Bitcoin Yield Summit signals a productive era where Bitcoin is not just a cryptocurrency but a full-fledged member of the financial world, promising a reshaped landscape for crypto investors.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR Bitcoin outperformed major equity indices for a second week despite higher oil prices and Iran-related tensions. Glassnode identified the $69,000 Short-Term Holder Cost Basis as Bitcoin’s key resistance level. A major demand zone near $63,000 continues to provide strong support below the current price. US spot Bitcoin ETF flows turned positive after sustained redemptions during June. Exchange inflows declined sharply, reducing immediate sell-side pressure across trading platforms. According to a Glassnode report, Bitcoin outperformed major equity indices for a second week despite an oil-driven geopolitical shock. The Bitcoin market recovery now faces a decisive test near $69,000, where recent buyers approach break-even. Improving ETF demand and cheaper hedging support the advance, although broad on-chain accumulation remains absent.
Bitcoin Holds Firm as Macro Pressure Persists WTI crude jumped after escalating tensions involving Iran, while the S&P ended lower and European shares remained flat. Bitcoin absorbed the same risk shock and continued rising, outperforming both equity benchmarks for another week. Glassnode linked this resilience to fewer active marginal sellers during the latest Bitcoin market recovery.
Core inflation produced its first downside reading in five months before the Federal Reserve’s next policy meeting. The federal funds rate remains more than one percentage point above core inflation, keeping monetary policy firmly restrictive. Any change in rate guidance could support Bitcoin, but Glassnode reported no confirmed policy shift.
Meanwhile, the 10-year Treasury yield approached recent highs, although the dollar stayed below its winter peak. The report identified yields above 4.45% and the dollar index above 99 as major market constraints. The Bitcoin market recovery continues under long-term rate pressure, even as dollar conditions become less restrictive.
On-Chain Data Defines Bitcoin’s Decision Zone Bitcoin moved toward the Short-Term Holder Cost Basis near $69,000 after rebounding from its late-June low. That level represents the average break-even point for buyers entering during the previous five months. A successful reclaim could strengthen the Bitcoin market recovery because supply remains relatively thin toward the $84,000 area.
Below spot, Glassnode identified a major demand shelf near $63,000, covering roughly one-tenth of circulating supply. Proximity-weighted cost data shows support below spot has recently exceeded resistance above the market. This shift provides firmer nearby support, although Bitcoin has not resolved the overhead barrier.
Short-term holder supply in profit remains below the 54% threshold associated with stronger selling pressure. Short-Term Holder SOPR also stabilized near break-even, while exchange inflows declined steadily from their early-June peak. These readings support the Bitcoin market recovery because neither profit-taking nor exchange deposits have rebuilt substantially.
ETF Flows and Derivatives Confirm Improving Demand United States spot Bitcoin ETF flows turned positive after persistent redemptions during June. The change added a direct spot bid to a rebound that derivatives had previously led. The Bitcoin market recovery now has institutional support.
Source: Glassnode
Bitcoin also moved above aggregate options max pain after remaining below that level during earlier weakness. Meanwhile, one-week 25-delta skew fell to its lowest level in several months as demand for protection weakened. These changes support the Bitcoin market recovery without showing aggressive leverage or excessive perpetual funding.
Accumulation has narrowed mainly to wallets holding between 1,000 and 10,000 BTC. Altcoins also lost ground against Bitcoin, while Glassnode’s Market Compass continued showing an overall risk-off regime. Wider wallet participation remains the missing confirmation for the Bitcoin market recovery despite improving cycle and derivatives readings.
