XRP and Ethereum have recorded their highest levels of investor FOMO in the last five weeks, with crowd sentiment turning bullish despite ongoing price weakness. XRP currently trades around $1.06, while Ethereum remains about 65% below its all-time high from August 2025. Both major tokens saw renewed attention as traders shifted focus back toward large-cap cryptocurrencies.
Bullish sentiment returnsSantiment Intelligence, a leading blockchain analytics firm, observed that fear has receded from the market across the largest cryptocurrencies, including Bitcoin, Ethereum, and XRP. However, the firm noted imbalances in market mood, particularly with XRP showing the most optimistic crowd outlook at the start of the week.
On Monday, Santiment Intelligence measured 3.02 bullish XRP comments for every bearish comment. Ethereum followed with 2.31 bullish for each bearish view, while Bitcoin remained more neutral with a 1.40 ratio.
This rising optimism comes as both XRP and Ethereum enter territory often associated with investor FOMO. Market analysts suggest this can heighten short-term risks, as heightened enthusiasm during periods of price weakness sometimes leads to unexpected reversals.
Santiment Intelligence reported that Bitcoin and Ethereum initially started the day on a stronger note but faded later, moving lower as XRP and ETH entered more speculative sentiment territory. Historically, extremes in crowd sentiment have preceded short-lived price swings in the opposite direction.
Both tokens’ crowd-driven momentum stands in contrast to their short-term price performance, which remains subdued amid broader crypto market volatility.
Mini dictionary: Santiment Intelligence is a blockchain data analytics platform providing on-chain and social metric analysis for digital assets.
AssetBullish/Bearish Comment RatioCurrent Sentiment LevelXRP3.02Strongly BullishEthereum2.31BullishBitcoin1.40NeutralEthereum’s fundamentals under scrutinyDebate around Ethereum’s intrinsic value has resurfaced, with market commentators examining the gap between the platform’s network growth and its price action. Independent analyst TedPillows pointed out that Ethereum’s price is still around 65% below the August 2025 peak despite ongoing improvements in network activity, adoption, and underlying strength.
TedPillows emphasized that Ethereum’s charts and fundamentals are telling different stories, noting sustained growth in usage and adoption while the token’s price remains suppressed.
The disconnect between Ethereum’s utility metrics and its market value has become a focal point for investors. TedPillows explained that although higher activity and broader adoption can build a stronger foundation for long-term appreciation, they do not insulate the asset from short-term market volatility. Traders continue to watch whether sustained bullish sentiment will support ETH prices or increase the risk of another pullback.
XRP holds above supportMarket charts indicate that XRP is consolidating around $1.07 on Bitstamp, near a recent low after a decline from 2025 highs above $3. The token’s broader trend still reflects a pattern of lower highs, highlighting ongoing pressure within the market.
XRP is currently attempting to stabilize within a support range between $1.00 and $1.05. Should prices fall below $1.00, technical analysts foresee increased risk of further declines toward $0.95 or $0.90. For a potential upward shift, XRP needs to secure a daily close above the $1.15–$1.20 region.
Key indicators on the daily chart show the MACD registering a small positive crossover, while the RSI remains below the midpoint at approximately 39.9, suggesting caution prevails until momentum strengthens.
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.
Analyst Benjamin Cowen still warns the setup mirrors a 2018 pattern that gave back all its gains by September.
Is Bitcoin Replaying The 2018 Fake Rally?Cowen drew a direct parallel to 2018 on X.
That year, Bitcoin started late June and early July with two green weeks, pulled back red into CPI, then bounced higher into late July before surrendering all gains by September. He said today’s setup looks similar.
The chart adds weight to that concern. Bitcoin broke above the descending trendline that capped every rally since the May top and reclaimed the 20-day EMA at $62,955 on the same candle, a meaningful structural shift.
RSI crossed above 50 for the first time since late May, confirming the momentum move.
The question traders are sitting with is whether this is the start of a recovery or another bounce that fades into overhead supply, exactly as it did in 2018.
Key levels for Bitcoin $62,955 — 20-day EMA, now acting as support; losing this turns the breakout into a fakeout $65,060 — 50-day EMA, first resistance above $67,000 to $68,000 — next resistance zone if $65,060 clears Why Is ETH The More Interesting Trade Right Now?Crypto analyst Ali Charts noted the SuperTrend indicator flipped bullish on the three-day chart for ETH.
The last two buy signals on that timeframe preceded rallies of 72% and 177%.
Trader Pentoshi said ETH is the most interesting major at current prices, pointing to three converging setups.
On the ETH/BTC pair, price sits just under resistance where the previous lower low formed. Meanwhile, on the ETH/SOL pair, ETH has been in a slow uptrend for the past year. On the USD pair, price is not far above multi-year support.
“This price can be expensive, while a reclaim can be cheap,” Pentoshi wrote, adding that he started a quarter position at $1,766 with plans to add over time given the setup but acknowledged the resistance overhead makes a full position premature.
Image: Shutterstock
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Crypto prices are rising across the board today, even as the head of the Federal Reserve made clear he has no plans to step in and rescue the industry if things go wrong. Bitcoin sits near $64,600 today, rising more than 3%. Ethereum has climbed above $1,875 today, gaining more than 5% over the last day and XRP now trades near $1.10 today, up nearly 3% over the past 24 hours too.
The wider crypto market is also higher, with total market value near $2.22 trillion, up more than 2.5 percent. Even so, the Fear and Greed Index still sits at 33, which means the market remains in a state of fear overall.
What Kevin Warsh actually said
Speaking during testimony before Congress, Federal Reserve Chair Kevin Warsh said the central bank has no interest in stepping in to save crypto if it runs into trouble. Warsh said the Fed wants to avoid being in the bailout business with crypto too.
“We’re not bailing out anybody, including crypto,” he said.He added that the Fed wants to be in a position where it isn’t bailing out anyone at all, crypto included.
He also talked about inflation
Warsh also addressed inflation during the same appearance. He said persistent inflation comes down to choices made through monetary policy, not short term price swings or global uncertainty. He said that if the Fed gets its policy right, the high inflation of the past five years will become a thing of the past.
Why this matters
Warsh has a mixed record on crypto. He has criticized some crypto projects in the past, but he has also said Bitcoin doesn’t make him nervous and has personal investments tied to blockchain projects, which he pledged to sell off after becoming Fed Chair. Today’s comments make clear that even with that personal history, he doesn’t see crypto as something the Fed would step in to protect during a crisis.
Story Ends Here
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Cardano price holds above $0.15 as buyers attempt to stabilize ADA after a difficult weekly decline. The token trades near $0.158, extending losses beyond 14% over the past seven days.
Meanwhile, the wider crypto market has fallen 0.59% to $2.16 trillion during the latest session. Large wallets holding 100,000 to 100 million ADA have accumulated 320 million tokens since early July.
Their combined balances now stand at the highest among key stakeholders since the start of 2023. Nevertheless, ADA requires a sustained advance beyond $0.18 and $0.20 to enhance bullish action.
Bitcoin is trading around $62,500 with ETF outflows and escalating tensions between the US and Iran straining sentiment. Ethereum price continues to be pegged below $1,700 and XRP is above $1.05 amid the ongoing range-bound trading.
Cardano Whale Holdings Hit Highest Level Since February 2023 Cardano price is still close to the multi-year lows, but the big owners keep adding exposure when the market conditions are weak. Wallets holding between 100,000 and 100 million ADA now control more than 25.6 billion coins.
Source: Santiment data This balance reflects the group’s most significant overall holdings since February 2023, based on the data on the distribution of supplies. These wallets accumulated roughly 1.8% more ADA during the past four months.
Retail Wallets Reduce Their Cardano Exposure Retail Cardano wallets have experienced the reverse trend whereby smaller holders are lowering their combined exposure. Wallets with less than 100 ADA have approximately 0.7% less coins than four months ago.
This decline suggests retail traders are losing patience after ADA’s prolonged weakness during 2026.
✍️ TL;DR: Cardano’s key stakeholder holdings reach a 3.5 year high
📊 Metrics Used: Supply Distribution
🔗 Live Chart: https://t.co/9lzM6kxdcb
🦈 Cardano’s 100K to 100M ADA wallets now hold more than 25.6B coins, their highest level since February, 2023.
📉 Retail is doing the… pic.twitter.com/7iHLl5xyHT
— Santiment Intelligence (@SantimentData) July 13, 2026
In the meantime, Cardano is progressing with Leios testing, Hydra scaling upgrades, Mithril, and Pyth oracle integration. The difference between whale buying and retail selling poses a great shift in the market.
Cardano Price Eyes Recovery as ADA Holds Above $0.150 Support As of the reporting, the ADA price traded near $0.159 on the four-hour chart. Cardano price failed to break the resistance at $0.160 following its extension of the drop that had occurred at the beginning of July at a high of $0.195.
The nearest support is around 0.150, where the market was already defended by buyers. An extended decline below that would reveal $0.145 and $0.140. But maintaining above $0.150 can enable ADA to stabilize when another recovery attempt is to be made.
On the positive side, the future Cardano outlook needs to recover $0.160 in order to enhance near-term structure. An upward breakout beyond that level would be aimed at $0.170, then the more formidable level of $0.180.
Source: Tradingview The RSI was close to 36.75, indicating a weak momentum, but not overly oversold. Meanwhile, the MACD was below zero, albeit the histogram demonstrated milder bearish movement.
Key HighlightsThree Trading Pairs Go Live on Upbit PlatformPlatform Broadens Distribution Following Brand TransformationKorean Exchange Integration Strengthens Regional PresenceGet 3 Free Stock Ebooks South Korean platform Upbit introduces DRV trading using KRW, BTC, and USDT pairs.
Korean crypto investors gain enhanced access to Derive through Upbit’s new offering.
DRV receives increased retail market exposure via Upbit’s platform addition.
Derive secures prominent South Korean exchange presence through both Upbit and Bithumb platforms.
Platform listing enhances DRV trading depth with combined fiat and digital asset markets.
South Korean cryptocurrency exchange Upbit has announced the commencement of Derive (DRV) token trading on July 14, offering Korean won, Bitcoin, and Tether trading pairs. This strategic listing broadens Upbit’s cryptocurrency portfolio while simultaneously providing DRV with enhanced exposure to one of Asia’s most vibrant digital asset markets. The development continues Upbit’s pattern of expanding token availability following multiple recent exchange additions.
Three Trading Pairs Go Live on Upbit Platform Trading for DRV will commence at 17:00 Korea Standard Time on July 14, with Upbit supporting three distinct trading pairs immediately upon launch. The platform will facilitate trading through Korean won, Bitcoin, and Tether markets right from the opening session. Furthermore, token deposits and withdrawals will function exclusively via the Ethereum blockchain network.
The Korean won trading pair enables local investors to participate directly using fiat currency without requiring preliminary cryptocurrency conversions. Meanwhile, the Bitcoin and Tether options create alternative pathways for traders already holding digital assets. Upbit delivers comprehensive market participation through this trio of trading configurations.
The exchange has implemented temporary protective trading mechanisms for the initial listing period. Following launch, Upbit will restrict specific purchase orders, minimum-priced sale orders, and particular order categories. These protective measures serve to minimize excessive price volatility throughout the early trading stages.
Platform Broadens Distribution Following Brand Transformation The project formerly known as Lyra Finance underwent rebranding to Derive throughout 2024. Concurrently, a token conversion process transformed qualifying LYRA tokens into DRV at an equal exchange rate. Following this transition, the protocol advanced into an expanded operational phase emphasizing derivatives trading capabilities.
January 2025 marked the official launch of DRV as the governance and operational token powering the Derive platform. The ecosystem facilitates blockchain-based options contracts, perpetual futures instruments, and complex trading structures through a non-custodial architecture. Derive maintains its proprietary Ethereum Layer 2 infrastructure constructed using the OP Stack framework.
The system merges blockchain settlement capabilities with off-chain order management to enhance transaction velocity while preserving user custody. Token holders utilize DRV for governance voting, staking mechanisms, liquidity provision rewards, and protocol revenue sharing. The ecosystem has established collaborative relationships with numerous prominent projects including Ethena, EtherFi, Swell, Kraken, OKX, Optimism, and LayerZero.
Korean Exchange Integration Strengthens Regional Presence This Upbit integration arrives after DRV’s initial appearance on Coinbase during May 2026, representing its first significant centralized platform listing. Bithumb simultaneously activated DRV trading against the Korean won on that identical date. These platform additions amplify the token’s prominence throughout South Korea’s premier cryptocurrency exchanges.
Current protocol valuation stands at approximately $116 million in market capitalization. Previously, Derive authorized a strategic issuance of 500 million supplementary DRV tokens, elevating aggregate supply to 1.5 billion units. This allocation funds institutional collaborations, market liquidity operations, ecosystem growth initiatives, and ongoing technical advancement.
The Upbit integration positions DRV before one of Asia’s most substantial retail cryptocurrency ecosystems through combined fiat and digital asset trading capabilities. Upbit maintains its expansion trajectory following numerous token additions throughout 2026. This recent incorporation reinforces Upbit’s market standing while simultaneously delivering DRV enhanced trading depth and expanded accessibility within the South Korean market.
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]
When it comes to playing crypto casino games, the coin is only the payment layer. Bitcoin, Litecoin, Ethereum, or Tether may change how money enters and leaves an account, but the round still belongs to the game format. A slot asks the eye to follow reels, symbols, and feature triggers. Blackjack asks for hand decisions. Roulette turns attention toward a spin. Live dealer games add table timing and human pace. That is the cleaner way to read crypto casino games before comparing platforms. The same coin can sit behind a calm table game, a quick slot, or a live round with a completely different sense of pace and attention from the player.
A useful lens comes from attention research, where game features such as aesthetics, storyline, feedback, and rewards can change how people stay engaged with a task. The findings in this Frontiers in Psychology study on game features and attention are not about casino play, but they help explain why mechanics and presentation matter. Two games can accept the same coin and still ask for very different kinds of focus.
Crypto Changes Payment, Format Changes Play
The easiest mistake in crypto casino coverage is treating the coin as if it explains the game. It explains the payment context, not the play experience. Once a reader separates those two layers, the useful question changes. Instead of asking only which coins are supported, they can ask what kind of format they are entering, how quickly rounds move, what the player is expected to watch, and whether the game is built around symbols, cards, numbers, or a live table.
That format-first reading is where Bovada Casino online becomes a practical reference point. The casino page brings several common online casino formats into one setting, including online slots, Hot Drop Jackpots, table games, blackjack games, roulette games, live dealer play, and more. It also describes crypto deposits through Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Bitcoin Lightning, and Tether, which keeps the payment layer visible without letting it dominate the whole conversation.
For a reader trying to understand crypto casino games, the useful detail is the separation between access and format. Slots are built around reels, symbols, payout lines, bonus triggers, and short feedback loops. Blackjack brings the focus back to hand value, dealer position, and table pace. Roulette creates a different rhythm through the wheel, number layout, and spin cycle. Live dealer games add hosted timing, so the session feels closer to a table environment than a purely digital round. Crypto may shape how the account is funded, but the format still shapes what the player actually does once the game begins.
A narrower example appears in this crypto games piece. Read as a slot-format walkthrough, it shows how individual games signal their rhythm before a player even starts engaging. Cai Fu Dai Panda is described through a 5-reel, 4-row setup, 50 payout lines, and feature games that can expand the reel area. Yin Yang Twins uses Sticky Wilds, Scatters, and retrigger chances. Phở Sho leans on food symbols, Hold & Win mechanics, and Food Scatter triggers. Da Hong Bao points to Wilds, Lucky Spins, Fortune Spins, and Dragon Spins. Nine Tailed Fortune centers on Free Spins, Feature Spins, and Wilds. Those details turn the theme into something more readable. A slot’s artwork gives the first impression, but its feature language tells the reader how the game is likely to move.
Read The Format Before the Coin A coin-first view can flatten the whole category. If three games accept Bitcoin, that says something about payment compatibility. It says very little about pace. A crypto slot and a crypto blackjack game do not become similar because they share a deposit method.
Slots usually have the shortest cycle. The player reads the screen quickly, then looks for symbols, reels, lines, sounds, and feature cues. Some slots are simple, with a familiar spin-and-resolve pattern. Others are built around bonus rounds, expanded rows, multipliers, hold-style features, or retrigger mechanics. This is where the difference between theme and format matters. A food-themed slot, a fox-themed slot, and a Chinese-inspired slot may all look different, but their mechanics decide how the play actually moves.
Table games slow the read down. Blackjack has a visible hand state. The player follows totals, dealer position, and available actions. Roulette has a different kind of suspense, with the layout and wheel carrying the rhythm. Specialty games may be simpler still, often built around one repeated mechanic.
Live dealer games sit in their own lane. The rules may resemble familiar table games, but the timing comes from a hosted environment. The pause before a card, the pace of a spin, and the dealer-led rhythm make the experience feel less like clicking through a digital round and more like joining a table already underway.
Beginner Questions That Actually Help A beginner does not need to memorize every feature name before playing. A better habit is to ask what the format expects. Is the game fast or slow? Does it ask for decisions, or mainly for attention to symbols? Are the main moments tied to cards, reels, numbers, or a live table? Does the theme change the feel, or does it only decorate a familiar mechanic?
These questions keep crypto in the right place. Payment choice can affect convenience, privacy preferences, and withdrawal flow, but it does not explain the game by itself. A crypto slot is still judged by its reels, bonus features, volatility feel, and pace. A crypto blackjack game still depends on the structure of the hand. A live dealer game still depends on table rhythm.
The cleanest order is format first, features second, payment third. Start with the kind of attention the game asks for. Then read the feature language. Then look at the supported coins, wallet steps, and payment details.
In March 2000, Michael Saylor, now executive chairman of Strategy, saw his fortune drop by more than $6 billion in a single day after MicroStrategy’s shares plunged more than 60%. This event left him at the center of the dot-com crash and became a notable moment in corporate history.
Saylor’s Transformation and Strategy’s Bitcoin BetStrategy, formerly MicroStrategy, is a US-based software and business intelligence firm known for holding the largest Bitcoin reserve among publicly traded companies, with 843,775 BTC. The company became an industry model when it adopted Bitcoin as its main treasury asset in 2020, inspiring similar moves by other listed firms.
Saylor described fiat cash reserves as a “melting ice cube” and initiated Strategy’s first $250 million Bitcoin purchase on August 11, 2020. At that time, public companies rarely held Bitcoin, and Saylor’s approach was widely regarded as a significant risk rather than conventional financial strategy.
Despite doubts, Bitcoin’s rising price fueled Strategy’s market value, positioning the company as a de facto proxy for Bitcoin exposure on Wall Street. As a result, its Bitcoin holdings today are valued at more than $54 billion.
Shift in Strategy and Market ReactionsOn June 29, Strategy revealed a new capital structure allowing it to sell Bitcoin to fund dividends on preferred stock, increase its cash reserves, and repurchase securities. This marked a notable departure from its previous stance of exclusively accumulating BTC. Days later, the company sold 3,588 BTC—the largest sale since designating Bitcoin as its principal reserve asset.
This move drew concern among investors who for years had believed that Strategy would not sell its holdings. Supporters characterize the change as the natural evolution of a multinational enterprise with a sizable digital treasury, while critics highlight growing risks due to mounting obligations and reliance on external financing.
Strategy’s willingness to sell Bitcoin is less a departure from accumulation than a practical reality of managing a complex corporate balance sheet, according to Drew Forman, senior vice president and head of strategy at Talos. He sees it as “a pragmatic evolution of a more complex treasury strategy.”
After the dot-com era, Saylor spent nearly two decades out of the limelight until reemerging with Strategy’s Bitcoin-focused approach. The company’s financial reporting standards are seen as stricter now compared to the accounting scandal that led to a settlement with the US Securities and Exchange Commission (SEC) in 2000.
Currently, Saylor leads Strategy as it manages convertible debt and perpetual preferred stock balances. As of late May 2026, Strategy held $6.7 billion in convertible notes and $15.5 billion in preferred stock, much of it raised to buy additional Bitcoin.
Mini dictionary: Preferred stock – A class of ownership in a corporation with a fixed dividend that has priority over common stock dividends but usually does not confer voting rights.
AssetAmount heldOutstanding (May 2026)Bitcoin843,775 BTC$54 billion (approximate)Convertible notesN/A$6.7 billionPreferred stockN/A$15.5 billionCritics and Contrasting ViewsSome analysts argue that Strategy’s model only remains stable if Bitcoin continues to appreciate and investors keep supplying new capital. They caution that, under prolonged market downturns, reliance on debt and equity issuance could create a “death spiral.”
Aswath Damodaran, a finance professor at NYU Stern, questioned Saylor’s aggressive approach to risk and highlighted the lack of fundamental earnings supporting Strategy’s valuation. David Trainer, CEO of investment research firm New Constructs, believes that although the company’s mechanics differ from its dot-com-era collapse, the underlying risk persists due to Strategy’s structure as a highly leveraged proxy for a volatile asset.
Trainer warned that if the investor premium for holding exposure through Strategy disappears, the company’s advantages could vanish, forcing it to sell Bitcoin, seek costlier financing, or halt expansion.
While doubts linger about the sustainability of this financial model, Strategy’s impact on corporate treasury management is evident. Many companies have followed its lead, treating Bitcoin as an institutional asset that requires active governance and risk management.
The future of Strategy hinges on whether its capital structure can withstand future market turbulence, rather than the outcome of the next bullish run in digital assets.
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.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
TL;DR
SBI Digital Finance and Doppler Finance are developing regulated XRP lending infrastructure for Japanese funds and market makers, allowing institutions to use XRP as collateral and unlock liquidity.SHIB's average exchange deposit size increased 76.26% to 969.01 million tokens, but negative netflows and declining reserves indicate that the market is not experiencing a broad panic sell-off.Wintermute identifies cooler US inflation and sustained crypto ETF inflows as Bitcoin's two main recovery catalysts, with a move above $67,250 requiring several consecutive sessions of institutional demand.Bitcoin is testing resistance near $64,000–$64,500, while Robinhood Chain growth, rising institutional BTC adoption, and preparations for the digital euro strengthen the broader crypto market outlook.How SBI and Doppler will put XRP to work for Japanese banksFinancial conglomerate SBI Holdings has divided infrastructure roles between different blockchains as part of its Asian strategy. While the market discusses its recent agreement with the Solana Foundation, SBI Digital Finance is developing a lending platform designed to bring long-term capital into XRP.
The initiative's partner is digital markets provider Doppler Finance. The companies are creating regulated B2B infrastructure in Japan for lending and collateral management.
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Doppler Finance X SBI Digital Finance
Doppler Finance and SBI Digital Finance Announce Strategic Partnership to Expand Institutional XRP Finance in Japan
The partnership brings together Doppler’s digital asset infrastructure and SBI Digital Finance’s institutional market… pic.twitter.com/pTSyxkXgYM
— Doppler Finance (@doppler_fi) July 14, 2026 According to Doppler Finance, the launch is aimed at Japanese funds and market makers, with the goal of turning passive XRP reserves into productive working capital. In this context, institutional participants will be able to legally use the token as collateral, borrow liquidity against it, and manage risks under local compliance requirements.
This move confirms SBI's multichain approach, under which the conglomerate has clearly separated its financial business lines. While the partnership with the Solana Foundation is focused on the tokenization of real-world assets such as corporate bonds, real estate, and retail stablecoins, the agreement with Doppler Finance addresses demand from major players for B2B lending backed by XRP.
Why a 76% surge in SHIB inflows did not turn into a panic sell-offA morning on-chain audit delivered a surprise for meme coin enthusiasts, as the average size of a single SHIB deposit to exchanges rose sharply by 76.26% over the past few days, reaching 969.01 million tokens.
In plain English, large holders have started moving more Shiba Inu tokens onto trading platforms. CryptoQuant's chart shows that this inflow has already put pressure on order books. Over the past week, the token's price has moved lower and is now hovering near a local bottom at $0.0000041.
SHIBA INU: Exchange Inflow (Mean, MA7) - All Exchanges (Deprecated), Source: CryptoQuantHowever, it is too early to write off the asset, as the details of the daily statistics tell a different story. Looking beyond the average deposit size and focusing on total activity over the past 24 hours changes the picture:
Exchange netflow: Fell deep into negative territory at -186.29 billion SHIB.Total exchange reserves: Declined to 86.61 trillion SHIB, losing around 2.12% in dollar terms.Top-10 wallet activity: Whales withdrew 5.26 billion SHIB during the day while depositing only 3.85 billion.Yes, several large players created local selling pressure and pushed the price toward psychological support. Globally, however, tokens continue to move into cold wallets, meaning the market is not experiencing mass panic or a complete sell-off.
SHIB is now in a holding pattern. If the $0.0000041 level holds, the morning selling pressure could turn into an evening rebound.
Major market maker Wintermute names two catalysts for a Bitcoin price recoveryWhile external markets are being shaken by commodity-related disruptions, with Brent crude climbing toward $79 and US Treasury yields breaking above 4.57%, Wintermute OTC analysts say Bitcoin is showing remarkable resilience.
In their latest report, they stated that weak hands have already been flushed out and there is no one left to panic. The market absorbed even Strategy's massive sale of 3,588 BTC, worth around $216 million, without major disruption. Just a few months ago, a sale of this size could have triggered a sharp decline.
Bitcoin price action on a daily tim frame in context of recent CPI report, Source: TradingViewSellers are exhausted, Wintermute concluded, and Bitcoin's price recovery now depends on two factors:
Cooling inflation data. Wintermute analysts emphasized that the latest inflation figures would determine everything and that the market urgently needed a cooler CPI reading to reduce fears of another Federal Reserve rate increase. According to the latest data, US inflation fell to 3.5%, while the monthly reading dropped by 0.4% — the steepest decline since May 2020.Consistent ETF inflows. Last week finally ended a severe eight-week streak of outflows, with approximately $282 million entering crypto ETFs. However, Wintermute warned that one positive week is not enough. Now that the CPI barrier has been removed, breaking the trend and confidently moving above $67,250 will require several consecutive sessions of positive ETF flows.As a final potential catalyst, analysts continue to focus on the CLARITY Act, which is expected to receive a vote in the US House of Representatives later this month.
Wintermute analysts concluded that Bitcoin has demonstrated its ability to rise on internal market volume despite unfavorable external conditions. The options market, where traders had continued to hedge and buy puts ahead of the inflation data, has now received a powerful bullish signal. The main catalysts are in place, and the market is waiting for confirmation from ETF flows.
Crypto market outlook: Bitcoin challenges $64,000 resistance amid CPI cooldownBitcoin is testing the upper boundary of its local range near $64,000 following a slowdown in US inflation, with CPI falling to 3.5%. The current chart structure points to an attempt to form a local bottom, supported by the launch of the first banking adoption index and easing macroeconomic pressure.
Key developments:
BTC technical outlook: The daily BTC/USD chart shows Bitcoin trading at $63,698, up 2.32%. The price remains trapped in a consolidation range between support at $58,000–$59,250 and resistance at $64,500, while still trading below a descending trend line. The RSI is at a neutral reading of 51.88, confirming continued uncertainty.Launch of the Bitcoin Banking Index: Strategy Inc. has launched an index measuring BTC adoption among the world's 25 largest banks. The current adoption level stands at 32%. Fidelity leads with 71%, followed by BNY Mellon at 46%, Goldman Sachs at 45%, and JPMorgan at 43%.Robinhood Chain activity: The new blockchain reached $800 million in daily DEX trading volume within two weeks. Its main driver is the CASHCAT meme coin, which has a market capitalization of $150–$200 million and gained 19.5% following its listing on Binance Wallet.Positive macroeconomic backdrop: US CPI for June fell to 3.5%, compared with a forecast of 3.8% and a previous reading of 4.2%. Core CPI declined to 2.6%, below the 2.8% forecast. This reduces pressure on the Federal Reserve and opens the door to renewed liquidity inflows into the crypto market.Preparations for the digital euro: The European Central Bank has selected 36 providers, including Stripe and Nexi, for a 12-month CBDC pilot. Testing is scheduled to begin in the second half of 2027, while the full launch of the currency is planned for 2029. You Might Also Like
Seized Bitcoin, Ethereum MovesIn a similar development, an address containing Bitcoin seized from the defunct cryptocurrency exchange BTC-e moved $57.27 million in BTC.
Another wallet linked to Brian Krewson, the Oracle employee convicted of laundering millions in cryptocurrency for convicted drug traffickers, directly moved 30,000 ETH, worth $53 million, to Coinbase Prime.
“Will they be selling it all?” Arkham sparked intrigue, though no conclusive evidence supported it at the time of writing.
Big Sell Pressure Incoming?Movements from wallets tied to the government are not unusual. In the past, the Federal government has sold or auctioned cryptocurrencies it acquired through law enforcement actions, criminal probes, and asset seizures.
A notable example is billionaire Tim Draper, who bought nearly 30,000 BTC seized from the Silk Road darknet market by the U.S. Marshals Service, a Department of Justice agency, in 2014.
The USMS didn’t immediately return Benzinga’s request for confirmation on the latest transfer.
US Government: A BTC HODLer?The U.S. government holds 324,552 BTC, worth approximately $20.27 billion, and 28,394 ETH valued at $50.51 million, according to Arkham data.
Last year, President Donald Trump’s executive order established a Strategic Bitcoin Reserve funded by forfeited assets, with a provision to develop budget-neutral strategies for acquiring additional BTC.
Treasury Secretary Scott Bessent said last year that the government would stop selling the confiscated Bitcoin.
Price Action: At the time of writing, BTC was exchanging hands at $62,486.46, down 0.54% in the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
CleanSpark’s US pre-market shares rise over 16% after securing a $6.6 billion, 20-year data center lease.
CleanSpark has signed a $6.6 billion, 20-year data center lease agreement with an unnamed global technology company, covering its data center campus in Sandersville, Georgia, U.S. The tech firm also secured exclusive rights to use CleanSpark’s Texas data center portfolio, with a maximum capacity of 885 megawatts (MW). Per market data from BIT (bit.com), CleanSpark (CLSK) shares jumped over 24% in Tuesday’s pre-market trading on the news, and were last up 16.42%.
3 minutes ago
IBM's pre-market decline in US stocks widened to over 20%
According to market data from BIT (bit.com), IBM’s pre-market trading on US equities has seen its decline widen to over 20%, as the company’s preliminary Q2 revenue and net profit missed market expectations.
3 minutes ago
Goldman Sachs' US shares rose more than 2% in pre-market trading, with its Q2 equity sales and trading revenue far exceeding expectations.
According to market data from BIT (bit.com), Goldman Sachs (GS.N) rose over 2% in pre-market US trading. The firm’s second-quarter stock sales and trading revenue stood at $7.42 billion, against an expected $5.02 billion; its second-quarter fixed income, currency and commodities (FICC) revenue reached $4.59 billion, up 32% year-over-year.
3 minutes ago
JPMorgan Chase posts a record quarterly profit, with stock trading revenue hitting $6 billion.
JPMorgan Chase has posted its highest quarterly profit ever, driven by stock trading revenue that far exceeded analyst expectations and a $4.6 billion gain from its long-held Visa Inc. stake. According to the bank’s Tuesday statement, second-quarter stock trading revenue jumped 86% year-over-year to $6.03 billion, topping even the highest analyst forecast. This pushed total trading revenue to $12.1 billion, surpassing the all-time high set in the first quarter of this year.
3 minutes ago
IBM drops over 12% in pre-market US trading, preliminary second fiscal quarter revenue misses expectations.
According to BIT (bit.com) market data, IBM’s US stock dropped over 12% in pre-market trading. The company’s preliminary second-quarter revenue reached $17.2 billion, against market expectations of $17.86 billion.
3 minutes ago
Binance: Alpha Blind Box Airdrop Now Open for Claiming, Points Threshold Set at 251 Points
According to official announcements, Binance Alpha’s mystery box airdrop is now live. The airdrop pool includes tokens from two projects: Orochi Network (ON) and Metaplex (MPLX). Users holding at least 251 Binance Alpha points can claim one token airdrop on the Alpha event page. After claiming, users will be assigned to different reward tiers and receive one of the following rewards: 315, 395, or 1125 ON tokens; 1038, 1298, or 3705 MPLX tokens. Rewards are distributed on a first-come, first-served basis. If rewards are not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop consumes 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, the airdrop will be deemed forfeited.
Bitcoin has rebounded toward the $64,000 mark before dropping to 62K. However, blockchain analytics firm Glassnode isn’t convinced and says the recovery is not as strong as it looks. While institutional interest is slowly returning, weak spot demand, lower trading activity, and cautious derivatives positioning suggest the rally is still missing broad market conviction.
The Rally Lacks Strong Buying SupportAccording to Glassnode, several on-chain indicators show that Bitcoin’s recent recovery has been driven by thin liquidity. This is occurring rather than aggressive buying.
bitcoin:native recovered toward $64K, but weak spot participation and subdued on-chain activity suggest the move lacks broad conviction. Institutions are returning, while options remain defensive.
Read this week’s Market Pulse👇https://t.co/5XDjtDSiHl pic.twitter.com/EVlTuoUHYH
— glassnode (@glassnode) July 13, 2026 Some of the key metrics include:
Bitcoin’s 14-day RSI jumped from 50.8 to 66.9, pushing the asset close to overbought territory.Spot trading volume dropped 21.5%, falling from $5.2 billion to $4.1 billion over the past week.Spot Cumulative Volume Delta (CVD) flipped from +$17.2 million to -$58.8 million. This means aggressive sellers are now outnumbering aggressive buyers even as prices rise.Perpetual futures CVD also plunged from $457.5 million to $83.9 million, showing buyers are gradually losing momentum.Glassnode summed up the situation by saying the advance has been driven by “relatively thin liquidity rather than broad-based buying conviction.”
Retail Traders Stay CautiousRetail sentiment has also started cooling as Bitcoin struggles to stay above $63,000.
The broader crypto market slipped about 1.1%, bringing the total market capitalization to roughly $2.24 trillion. More than $250 million worth of leveraged crypto positions were liquidated over the past 24 hours. Nearly $200 million of that came from long positions.
Meanwhile, futures open interest remained almost unchanged, slipping only slightly from $31.4 billion to $31.3 billion. This suggests traders are holding positions but without strong confidence. Options open interest increased modestly to $28.1 billion. However, it remains below its historical statistical range.
Altcoins Show Mixed PerformanceMajor altcoins delivered mixed results during the market pullback.
XRP posted the biggest decline among large-cap cryptocurrencies, falling around 1.5% as retail sentiment shifted from extremely bullish to bearish.Ethereum, Solana, BNB, and Dogecoin all declined by less than 1%.Ethereum traded near $1,782, with traders closely watching $1,700 as key support and $1,840-$1,850 as the next resistance zone.Crypto analyst Ted Pillow said that as long as Ethereum stays above $1,750, the path toward $2,000 remains open.
What Comes Next?Glassnode says the next few trading sessions will determine whether buying activity strengthens enough to support the rally.
On-chain analyst Ali Martinez added that whale accumulation has continued since June, with Bitcoin’s Accumulation Trend Score remaining close to 1. However, he warned that after losing the $63,000 mid-range level, Bitcoin could retest support near $61,700. It may do this before attempting another move higher.
Overall, this week’s CPI and PPI inflation data, possible Strategy (MSTR) Bitcoin accumulation updates, and renewed discussions around the CLARITY Act all could influence market direction.
Story Ends Here
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Bitcoin declined sharply on Monday, slipping by 3% to $62,009, as global investors reacted to increasing tensions between the United States and Iran over the Strait of Hormuz. The move came amid new geopolitical developments and corresponding market volatility, which saw major digital assets approach their lowest levels for the year.
Escalating tensions around the Strait of HormuzThe latest drop in Bitcoin’s price followed Iran’s closure of the critical shipping route, the Strait of Hormuz, a waterway responsible for moving a significant share of global oil shipments. U.S. officials responded with military action, and President Donald Trump soon declared that the United States would take operational control of the strait.
Trump announced that every vessel passing through the Strait of Hormuz would be subject to a 20% service fee, stating in a post, “The U.S.A. will be known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,’” adding that transiting ships would now pay additional charges.
The U.S.A. will be known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,’ and every vessel passing through is subject to a 20% service fee.
This decision provoked a sharp market response, especially in energy commodities. Crude oil prices surged over 9% on Monday, reviving inflation concerns and raising expectations that the Federal Reserve could consider more aggressive monetary policies. The renewed inflation risk made many investors less willing to hold riskier assets, including Bitcoin and other cryptocurrencies.
Market reaction and short-selling pressureThe rapid selloff in crypto markets was accompanied by a clear increase in short positions against Bitcoin. Market intelligence firm JDK Analysis reported “massive shorting” around a critical volume-weighted average price (mVWAP) threshold as the price declined during the pre-New York trading session. The analysis noted that BTC’s price at this level remained technically weak unless supported by renewed spot demand.
With spot also selling, this still looks very weak, but if New York brings real spot demand and mVWAP holds, a bounce could trap a large number of sellers.
Other observers commented on a spike in open interest, suggesting traders were increasingly betting against further price increases. In parallel, data from research platform SoSoValue revealed that Bitcoin-based exchange-traded funds saw eight consecutive weeks of capital outflows, indicating declining institutional appetite for the leading cryptocurrency.
Technical outlook and whale accumulationMarket analyst Ash Crypto reported that Bitcoin closed its weekly candle above the 200-day moving average, forming a doji candle—a pattern associated with market indecision. He highlighted $58,000 as a critical support level, warning that a close below this level could lead to a further decline toward the $49,000 zone. Alternatively, sustained support above $58,000 could set the stage for a move to $67,000 and possibly $83,000. Ash Crypto also pointed to the upcoming release of the U.S. Consumer Price Index as a potential market catalyst.
Blockchain analytics firm Santiment noted that wallet addresses holding between 10 and 10,000 BTC purchased approximately 11,000 BTC over the past week. This accumulation pattern by so-called “whales” has historically shown a strong correlation with future price movements, suggesting that larger holders anticipate a potential rebound.
Mini dictionary: Santiment, a blockchain analytics company, monitors on-chain data such as wallet holdings and transaction patterns to help assess market sentiment and detect large investor activity.
Trader Roman maintained a bullish stance despite recent market weakness, citing technical indicators like the Relative Strength Index and current trading volumes that point toward “downside exhaustion” and potential for a reversal towards the $70,000–$75,000 range.
EventImpact on BTCMarket movementStrait of Hormuz closureIncreased downside pressureBTC drops to $62,009Trump announces 20% vessel feeSharp risk-off shiftOil rises 9%, crypto selling acceleratesWhales accumulate 11,000 BTCSignals bullish long-term sentimentPossible support near $58KBy late evening, Bitcoin was trading near $62,815 as the market continued to weigh geopolitical risks and technical factors.
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.
Economist Peter Schiff said on Monday that he regrets not buying Bitcoin (CRYPTO: BTC) when he first learned about the apex cryptocurrency.
The Eternal Bitcoin ‘Regret’In an X post, Schiff contrasted early Bitcoin FOMO and the strategic error of holding the asset for too long.
“Many people, myself included, regret not buying Bitcoin when they first learned about it,” he said. “Soon, more people will regret not selling Bitcoin above $60,000 when they had the chance.”
Will Schiff Buy Bitcoin At $20,000?This isn’t the first time Schiff has conceded he missed out on Bitcoin. In an interview in March 2024, he wished he had bought the world’s largest cryptocurrency back in 2010, given the profit potential.
So does that mean he’d ape into Bitcoin at the first opportunity?
“Not a chance,” Schiff clarified, adding that he won’t even buy even if Bitcoin crashed to $20,000.
A section of Bitcoin enthusiasts has accused him of secretly holding the cryptocurrency, a claim he has promptly denied.
Bitcoin Here To Stay?Schiff’s remarks reflected his longstanding bearish view that Bitcoin is overvalued and headed for major declines. In fact, he leads the pack in Bitcoin obituaries, having declared the asset ‘dead’ as many as 23 times.
Schiff aggressively promotes gold as the ultimate safe-haven, while deriding Bitcoin as a worthless asset.
While Bitcoin has indeed lagged behind gold over the past year, its cumulative performance over a longer horizon is substantially higher.
Price Action: At the time of writing, BTC was exchanging hands at $62,521.08, down 0.27% in the last 24 hours, according to data from Benzinga Pro.
Photo: Hi my name is Jacco on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
Bitcoin is maintaining its price above $62,600 as geopolitical tensions between the U.S., Israel, and Iran intensify. This stability comes despite a nearly 1% drop in Asian markets, reflecting Bitcoin’s current role as a risk-sensitive asset amid the escalating conflict. Market participants are also closely watching the upcoming release of June 2026 Consumer Price Index (CPI) data, which is expected to provide further insight into inflationary pressures. The ongoing situation in the Strait of Hormuz has led to increased oil prices, adding to the broader market volatility. While Bitcoin shows relative resilience, the situation underscores its vulnerability to geopolitical stress.
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Key Takeaways Bitcoin’s current price stability above $62,600 appears consistent with YES outcomes in markets pricing a rise above $58,000 by July 16. Market conditions indicate Bitcoin’s sensitivity to geopolitical tensions, with a recent downturn in Asian markets reflecting broader market reactions. The imminent CPI data release may indicate further market movements, with potential implications for Bitcoin’s price trajectory. What to Watch Market observers are focused on the release of the June 2026 CPI data, which could affect Bitcoin’s price direction. A cooler-than-expected CPI report could align with scenarios where Bitcoin remains above $60,000. Conversely, a higher inflation reading may pressure Bitcoin, consistent with outcomes below critical support levels. Geopolitical developments, particularly in the Strait of Hormuz, will also continue to influence market sentiment, with potential impacts on Bitcoin’s risk profile.
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Term Structure
Contract Odds Δ since publish Volume 24h July 16 2026 99.2% — — View market → July 16 2026 92.5% — — View market → July 16 2026 0.5% — — View market → July 16 2026 99.9% — — View market → July 16 2026 0.1% — — View market → July 16 2026 0.1% — — View market →
Key HighlightsSemiconductor Sector Reels Following Korean Market TurmoilDigital Assets Retreat as Federal Reserve Tightening Expectations SurgeGet 3 Free Stock Ebooks Semiconductor stocks plummeted 4.8%, sending the Nasdaq down 1.5% in Monday’s trading session South Korea’s KOSPI index crashed nearly 9%, triggering a ripple effect across U.S. chip manufacturers SK Hynix’s American Depositary Receipt debut stumbled, declining more than 9% in its inaugural U.S. trading session Bitcoin tumbled over 2% to approximately $62,380 as market participants increased July Fed rate hike probability to 50% Escalating oil costs and heightened U.S.-Iran geopolitical tensions are fueling renewed inflation anxieties before Tuesday’s CPI data Major U.S. stock indices experienced significant losses on Monday as semiconductor equities led a broad technology sector retreat. Digital currencies also faced downward pressure as market participants recalibrated their Federal Reserve policy outlook.
The tech-heavy Nasdaq Composite declined 1.5% by the closing bell. The broader S&P 500 shed 0.8%, while the Dow Jones Industrial Average retreated 138 points, translating to a 0.3% loss. The Philadelphia Semiconductor Index bore the brunt of selling pressure, plummeting 4.8%.
E-Mini S&P 500 Sep 26 (ES=F) Excluding technology equities from the equation, however, reveals a considerably more stable market environment. The ProShares S&P 500 Ex-Technology ETF concluded trading essentially unchanged.
Semiconductor Sector Reels Following Korean Market Turmoil The sharp decline in chip stocks followed an exceptionally volatile trading day in Asian markets. South Korea’s KOSPI benchmark index closed Monday’s session down nearly 9%, transmitting shock waves throughout international financial markets.
SK Hynix, the prominent memory chip manufacturer, commenced U.S. trading on Monday through American Depositary Receipts. The debut proved inauspicious, with shares declining over 9%, echoing the company’s substantial intraday collapse on the Seoul exchange.
Memory semiconductor producers had ranked among 2026’s top-performing equities. Monday’s trading session abruptly erased a portion of those impressive gains.
Other chip-sector companies experienced sympathetic declines. The industry-wide downturn underscored the depth of interconnection between American investors and international semiconductor supply networks.
Digital Assets Retreat as Federal Reserve Tightening Expectations Surge Bitcoin declined more than 2% over a 24-hour period, trading around $62,380. Ether, XRP, and additional prominent digital tokens recorded comparable losses.
Bitcoin (BTC) Price The cryptocurrency selloff materialized as money market instruments began pricing approximately a 50% probability of a Federal Reserve interest rate increase in July. This figure represented a dramatic shift from the roughly 10% probability observed just days earlier.
The adjustment followed public remarks from Federal Reserve Governor Christopher Waller, who indicated policymakers might need to implement rate increases to contain inflationary pressures.
The two-year U.S. Treasury yield advanced to 4.29%, reaching its highest level since early in the previous year. This segment of the yield curve typically tracks closely with near-term monetary policy expectations.
Accelerating petroleum prices are compounding inflation concerns. West Texas Intermediate crude has surged to nearly $80 per barrel from $67 at the month’s beginning.
The oil price spike stems from intensifying U.S.-Iran geopolitical friction. President Trump reestablished a naval blockade targeting Iranian vessels in the Strait of Hormuz and instituted a 20% transit fee on additional cargo traversing the strategic waterway.
Market participants are now directing attention toward Tuesday’s Consumer Price Index release. Economic forecasters anticipate headline CPI will register below 4% on an annual basis, potentially marking the first simultaneous decline in both headline and core inflation measurements since January.
Federal Reserve Chair Kevin Warsh is additionally scheduled to deliver testimony before Congress. Financial markets will be scrutinizing his statements for any indications regarding the monetary policy trajectory.
Analysts at ING observed that Warsh maintains flexibility to keep rates unchanged despite external pressures, and that any implemented rate increase could subsequently be reversed through more substantial rate reductions.
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
Iran’s parliament has passed a bill claiming sovereign control over the Strait of Hormuz, the narrow waterway that handles roughly 20% of global oil trade. The legislation bans “hostile ships” from passage and codifies a toll system that accepts payment in yuan, Bitcoin, and stablecoins.
The crisis timeline The roots of this legislation trace back to late February 2026, when Iran imposed a blockade on the strait. That move kicked off what’s now being called the 2026 Strait of Hormuz crisis. A ceasefire in June offered a brief reprieve. By early July, Iran’s Revolutionary Guard Corps resumed aggressive operations in the waterway, targeting commercial vessels on what Tehran deemed “unapproved” routes.
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On July 13, Iranian forces attacked commercial tankers, including UAE-owned vessels, killing at least one crew member.
During ceasefire periods reported in April 2026, Iran had already been extracting transit tolls of approximately $1 per barrel from passing vessels, accepted in yuan, Bitcoin, or stablecoins.
Why crypto is the real story here Iran’s adoption of Bitcoin and stablecoins for sovereign transactions is unprecedented. Traditional banking channels are walled off by sanctions. By accepting digital currencies for maritime tolls, Tehran has built a sanctions-evasion mechanism into its sovereignty claims. Tether has historically frozen wallets associated with sanctioned entities, but the scale and state-backed nature of this use case is entirely different from previous incidents.
Competing tolls, competing claims Former President Trump has proposed his own 20% toll on vessels transiting the strait, coinciding with re-imposed blockades as of July 2026. The competing toll proposals from Washington and Tehran over the same body of water underscore how contested this waterway has become.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
“Major-bank Bitcoin adoption is accelerating, but still early,” Saylor said.
Future Of Bitcoin-Based BankingSaylor has repeatedly emphasized that “limited banking acceptance” is one of the primary obstacles to the growth of his company and the wider Bitcoin treasury industry.
The Strategy co-founder argues that major U.S. banks purchasing, selling, and custodying Bitcoin, as well as issuing credit and margin lines against the asset, might be "great" for all parties involved. He strongly encourages lobbying banks to move in this direction.
Saylor also criticized traditional rating agencies for failing to recognize Bitcoin’s value as collateral, which prevents people from borrowing against the asset
No Respite From Ongoing PainThe new index arrives amid a challenging period for Strategy, the world’s largest Bitcoin holder, which is currently sitting on nearly $11 billion in unrealized losses on its BTC holdings.
The MSTR stock has declined by nearly 40% year-to-date, as the company—once celebrated as Bitcoin’s ultimate HODLer— has started routinely selling BTC.
Price Action: At the time of writing, BTC was exchanging hands at $62,486.46, down 0.54% in the last 24 hours, according to data from Benzinga Pro.
Strategy shares fell 0.33% in after-hours trading after closing 2.68% lower at $92.10 during Monday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that Strategy stock has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Photo: Ryvius on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Bitcoin (BTC) fell further into Monday’s Wall Street open as markets reacted to the US-Iran escalation.
Key points:
Bitcoin falls toward $62,000 as losses intensify on nerves over the US-Iran war.President Donald Trump says that the US should "run" the Strait of Hormuz as a tug-of-war with Iran continues.BTC price action is described as "very weak", but a $70,000 rebound prediction remains in place.Oil rises amid "aggressive" BTC shortingData from TradingView showed BTC/USD edging closer to $62,000 amid what a trader described as “massive” short trading.
US stocks were broadly in the red at the open, with the Nasdaq Composite Index down 1% at the time of writing.
Speaking to Fox on the day, US President Donald Trump said that the US would be taking over the Strait of Hormuz, a key international oil route, which Iran closed at the weekend.
“We're going to keep the strait, and we'll probably run it. We'll become the guardian of the strait. Maybe we'll call it the ‘guardian angel’ of the strait. And we should be reimbursed for that,” he said.
Oil prices stayed higher, with WTI crude circling $75 per barrel.
CFDs on US WTI crude oil one-hour chart. Source: Cointelegraph/TradingView
Bitcoin saw pressure, with sellers firmly in control after an initial drop following the weekly close.
“Massive shorting into this pre NY-open drop. Price is now sitting directly at mVWAP, a key level bulls need to defend!” analytics account JDK Analysis wrote in a post on X.
The post referred to the volume-weighted average price across exchanges, warning that $60,000 could reappear.
“With spot also selling, this still looks very weak. But if New York brings real spot demand and mVWAP holds, a bounce could trap a large number of sellers,” JDK added.
BTC/USD chart with order-book data. Source: JDK Analysis/X
Others also noticed the downward trend, with commentator Exitpump earlier reporting a “crazy amount of aggressive shorting” while open interest continued to rise.
Bitcoin upside targets still see $70,000 returningThose making the case for a rebound on the day included trader Roman, who retained his new bullish bias.
In an X post, Roman highlighted several price metrics, including the relative strength index (RSI) and volume, showing downside exhaustion.
“I believe a move higher is coming it all just comes down to formation and how we get there,” he wrote.
“Lots of HTF & LTF indications for 70-75k area + exchange data is showing that more spot is being bought than sold. It’s a matter of when not if.”BTC/USD one-day chart. Source: Roman/X
Earlier, Cointelegraph reported on various expectations of continued BTC price upside this month before bearish continuation, ultimately ending in a Q3 macro bottom.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Key Takeaways Between July 6 and July 12, Strategy executed an at-the-market offering, selling 4.8 million shares of MSTR for $466.7 million The company’s Bitcoin portfolio stayed at 843,775 BTC, with an average acquisition cost of $75,476 per token Cash reserves jumped approximately 18% to reach $3 billion, providing dividend coverage extending beyond 20 months Wall Street firms Benchmark and TD Cowen reaffirmed Buy recommendations, setting targets at $570 and $260 respectively Shares dropped roughly 3% to the $91.50–$91.80 range in pre-market trading Monday Last week, Strategy raised $466.7 million through an equity offering while abstaining from Bitcoin purchases — a decision that’s drawing praise from Wall Street analysts.
Strategy Inc, MSTR
Ahead of Monday’s Nasdaq session, MSTR stock traded down approximately 3% in the $91.50–$91.80 range, per data from Yahoo Finance and The Block. Bitcoin experienced similar weakness, declining over 2% in the past 24 hours to approximately $62,580.
The equity transaction occurred through Strategy’s at-the-market program during the July 6–12 window, moving 4.8 million Class A shares. Monday’s SEC 8-K filing revealed the details of this capital raise.
Notably, Strategy refrained from any Bitcoin transactions throughout this timeframe. The company maintains its position of 843,775 coins, purchased at a $75,476 average cost basis.
This strategic move elevated Strategy’s dollar reserves by roughly 18% week-over-week, climbing from $2.55 billion to $3 billion by July 12.
Wall Street Endorses the Approach Both Benchmark and TD Cowen released research notes Monday supporting the company’s decision.
TD Cowen maintained its Buy stance with a $260 target price. Analyst Lance Vitanza characterized the 8-K disclosure as “an early indication that management is beginning to execute against the framework” outlined during a recent investor presentation. The firm highlighted the expanded cash position and absence of Bitcoin purchases as evidence of “greater balance-sheet discipline.”
Benchmark similarly upheld its Buy rating, though analyst Mark Palmer established a significantly more aggressive $570 price objective. Palmer framed the equity sale as constructing a “dividend war chest,” emphasizing that current reserves can sustain the company’s annual dividend commitments for more than 20 months.
Neither research team views the Bitcoin purchase pause negatively. Both emphasized that investors should concentrate on Strategy’s objective of increasing Bitcoin-per-share metrics while maintaining the stability of its preferred equity financing structure.
Available Capital Capacity Strategy retains $23.8 billion in untapped capacity within its MSTR ATM program. This figure incorporates $21 billion from a fresh facility unveiled March 23. Management indicated it might access this additional capacity as the current offering approaches full utilization.
This development follows Strategy’s recent sale of 3,588 BTC — valued at roughly $216 million — executed to replenish reserves and support preferred share dividend distributions. These transactions occurred from June 29 through July 5, at average prices of $59,256 and $60,773 per Bitcoin.
Strategy is also gearing up for its inaugural semi-monthly STRC preferred dividend distribution on July 15, following the twice-monthly payment schedule introduced June 8.
In its June 29 regulatory filing, Strategy disclosed selling 12.7 million MSTR shares generating $1.15 billion in net proceeds, again without any corresponding Bitcoin acquisitions during that period.
On July 13, the United States transferred nearly 4,000 bitcoins (approximately 250 million dollars) to Coinbase Prime. While overall liquidity remains extremely sensitive to movements by state whales, this major on-chain activity, stemming from judicial seizures, acts as a powerful catalyst of volatility. Is this a simple logistical reorganization or the beginnings of a massive sale?
In brief The US government transferred 3,941 BTC (around 250 million dollars) to Coinbase Prime on July 13, 2026. These Bitcoins originate from historic judicial seizures, mainly linked to the Ryan Farace drug case and the fallen BTC-e platform. This transfer finalizes a confiscation procedure initiated in January 2024, setting the stage for an official liquidation. The operation is part of the custody partnership signed in July 2024 between the US Marshals Service and Coinbase Prime. Historic seizures Blockchain records logged on Monday the transfer of 3,941 bitcoins, representing a value of about 250 million dollars, to the institutional brokerage infrastructure Coinbase Prime, while the crypto price is still below $64,000. According to data aggregated by the on-chain analytics platform Arkham Intelligence, this consolidation activity was split into several specific flows :
The Ryan Farace envelope : a major transfer of about 2,875 BTC identified under the label “Ryan Farace Seized Funds”. This amount corresponds to the historically seized volume by federal agents in 2021 during the investigation against this trafficker convicted of money laundering ; The BTC-e share : a batch of 926 BTC labeled “BTC-e Seized Funds”, originating from cryptocurrencies seized by US authorities during the shutdown of this illicit exchange platform in 2017 ; The complementary transaction : a final flow of about 140 BTC transferred directly to the broker’s accounts to complete the day’s overall movement. The origin of these funds reveals the purely judicial dimension of the management of these assets by the US Department of Justice. The 2,875 BTC from the Farace case represent almost all of the 2,874.90419597 BTC confiscated during the original investigation, with an additional related seizure of 58.742155166 BTC.
As for the envelope from BTC-e, it recalls the ramifications of the closure of this platform which, according to the federal prosecutor, handled more than 9 billion dollars in illicit transactions related to ransomware, hacks, and various traffics. One of its main managers, Alexander Vinnik, had pleaded guilty to conspiracy to commit money laundering in 2024. These on-chain movements therefore do not reflect an active monetary policy, but the methodical execution of final judicial decisions.
Between institutional logistics and liquidation : the pivotal role of Coinbase Prime The analysis of these transfers must be based on the contractual framework uniting federal agencies with their private providers, thus ruling out the idea of a wild and immediate sale on the market. In July 2024, the US Marshals Service (USMS), the agency responsible for custody and alienation of assets seized by justice, officially selected Coinbase Prime to provide “advanced custody and trading services” for its major cryptocurrencies. From then on, the physical transfer of bitcoins to Coinbase Prime constitutes a standard logistical step integrated into this management mandate.
Moreover, the US administration had already laid the legal groundwork by publishing, as early as January 2024, a formal notice of confiscation expressing its “intent to dispose” of a total of 2,933.64 BTC from the Farace case. This notice opened the legal period during which third parties could claim ownership rights, confirming that the fund transfer to the broker constitutes the technical completion of a long-started administrative process.
Such an operational reorganization was also accompanied by transfers of stablecoins and other leading assets, notably an envelope of 30,007 ethers labeled “Brian Krewson Confiscated Funds”. Procedural documents reveal that Brian Krewson was not subject to any direct criminal prosecution, but a civil lawsuit by the Department of Justice targeted the confiscation of these ethers.
According to the complaint, these assets were acquired for only 9,000 dollars by Christopher Castelluzzo and Luke Atwell using revenues from illicit activities, with Krewson simply ensuring technical management of the wallets during his associates’ incarceration. The grouping of these various seizures under the aegis of Coinbase Prime demonstrates a clear intention of logistical centralization by federal agencies, which now rely on a single infrastructure to manage a global portfolio estimated at over 328,225 BTC, a public treasury valued at more than 20 billion dollars.
Outlook for the Bitcoin Market In the long term, the arrival of these massive volumes on an institutional brokerage platform raises the question of the impact on the overall liquidity of the bitcoin market.
Although the presence of these funds at Coinbase Prime does not prove that a sale has already been executed, it provides authorities with the necessary flexibility to carry out over-the-counter (OTC) liquidations, thus limiting the direct impact on public order books.
For observers and professionals of decentralized finance, these movements reflect a professionalization of the management of state seizures, which moves away from old public auctions to adopt market finance standards. Caution remains necessary, because while these progressive sales reduce the risk of a sudden price drop, they maintain latent selling pressure that market makers will have to absorb throughout the coming quarters.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
18 minutes ago
Analysis: AI data centers have pushed U.S. electricity prices up by $23 billion, and the costs are likely to continue being borne by residents.
According to a study cited by Fortune, the rapid expansion of AI data centers in the United States has driven a sharp rise in public power costs. PJM Market Monitor, the entity overseeing power grids across 14 U.S. Mid-Atlantic and Midwest states, projects that the additional power demand from data centers will lead to power users bearing roughly $230 billion in extra costs, an impact that will persist through at least the end of 2028. The report notes that while multiple major tech companies have committed to covering the costs of new power infrastructure, since public utility expenses such as transmission lines, substations and grid upgrades are typically shared uniformly by regulators, some costs may still be passed on to residential and general commercial users. The study also points out that some data centers can reduce their power usage during grid peak periods by flexibly adjusting their load, thereby cutting their share of grid costs allocated based on peak load. However, they still consume large volumes of electricity, meaning their actual cost burden may be lower than the strain they exert on the grid. Analysts believe that as AI infrastructure construction continues to accelerate, issues such as power cost allocation mechanisms, data center power pricing and rising residential electricity rates are emerging as key challenges facing U.S. energy regulators.
The much awaited U.S. CPI report will be released today, and crypto traders are preparing for a volatile session. With the crypto market already down 0.3% to $2.16 trillion and Bitcoin trading near $62,400, today’s inflation data could decide whether the next move is a rally or another sell off.
June CPI Report According to Polymarket, June CPI is expected to increase 0.2% from the previous month, lower than the 0.5% rise recorded in May. On a yearly basis, inflation is expected to ease to 3.8%, down from 4.2% in the previous reading.
Investors will also closely watch the Core CPI, which excludes food and energy prices, as it is one of the Federal Reserve’s key inflation measures.
If inflation comes in lower than expected, it could ease pressure on the Fed to raise interest rates again. That would likely improve investor confidence and support Bitcoin and the broader crypto market.
However, a higher-than-expected reading could increase fears of another rate hike and put pressure on crypto prices.
Fed Officials Are Watching Inflation CloselyFederal Reserve Governor Christopher Waller recently warned that another strong inflation report would be taken seriously.
“If I get another higher one, I’m going to treat that as a signal, not noise.”
He also stressed that inflation has remained above the Fed’s 2% target for several months and cannot simply be ignored.
Following his comments, the CME FedWatch Tool now shows a 51.6% probability of another Fed rate hike in September, adding more uncertainty to financial markets.
Crypto Market Awaits a Volatile SessionMajor cryptocurrencies have dropped ahead of today’s report. As of now, Bitcoin is trading near $62,400, while Ethereum, XRP, and several other large-cap tokens have also posted losses over the past 24 hours.
Apart from inflation, investors are also keeping an eye on rising U.S.-Iran tensions, which could keep inflation elevated and influence the Federal Reserve’s policy outlook.
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Video footage showing smoke billowing from Bushehr Airport after US military strikes on Tuesday has added another layer of uncertainty to an already jittery global market. Bitcoin responded the way it usually does when missiles start flying: it went down.
The cryptocurrency dropped to approximately $61,688 as traders processed the implications of sustained US military operations targeting sites in and around Iran’s Bushehr province, a region that happens to sit at the crossroads of nuclear infrastructure and critical energy supply chains.
What happened in Bushehr US strikes targeted military sites in the Bushehr area over a multi-day campaign running from July 9 to July 12. The latest footage, showing an explosion and rising smoke at Bushehr Airport, is the most visceral evidence yet of the campaign’s scope.
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This isn’t the first time the airport has been hit. Back on March 3, an earlier round of strikes destroyed an Iran Air Airbus A319 sitting on the tarmac.
Iranian officials have reported no immediate casualties at the Bushehr Nuclear Power Plant itself, which sits nearby and has been a focal point of international concern for decades.
The broader concern isn’t just about the nuclear facility. Bushehr and the nearby Asaluyeh region are home to significant energy infrastructure, including gas processing facilities that feed into global supply chains.
Why crypto cares about missiles in Iran The drop to $61,688 reflects a pattern that crypto veterans have seen before. Geopolitical shocks tend to trigger an initial sell-off as traders de-risk, sometimes followed by a recovery once the dust settles.
Risk aversion during these episodes tends to be indiscriminate. Traders pull capital from crypto not because they think Bitcoin is directly affected by Iranian military infrastructure, but because portfolio managers and algorithmic trading systems treat heightened geopolitical uncertainty as a signal to rotate into safer positions. Treasury bonds and the US dollar tend to benefit. Bitcoin and altcoins tend to suffer.
The energy angle matters more than you think The Asaluyeh gas complex, located along the Persian Gulf coast not far from Bushehr, is one of the largest natural gas processing sites in the world. It’s the onshore terminus for Iran’s South Pars gas field, which contains roughly 8% of the world’s proven natural gas reserves.
The absence of any direct impact on crypto-native protocols or blockchain infrastructure is worth noting. No exchanges have reported disruptions. No DeFi protocols have been affected. The damage here is purely sentiment-driven.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bulls have been waiting for Ethereum to deliver a bullish technical signal for a long time. ETH has successfully broken out of a declining trendline that had capped every attempt at recovery since May after spending weeks stuck beneath short-term resistance. The move is one of the most significant technical advancements Ethereum has seen in recent months, even though it is not yet sufficient to signal the beginning of a full-scale bull market.
In the vicinity of the $1,750–$1,800 range, Ethereum was able to break above the declining resistance line that connected a string of lower highs. This is noteworthy because, ever since the rejection from the $2,400 area earlier in the year, the pattern has been strengthening bearish momentum. Ethereum is currently holding above its 50-day EMA at $1,740, and price action is stabilizing around $1,790.
ETH/USDT Chart by TradingViewAdditionally, the 100-day EMA at $1,755 has been reclaimed, forming a supportive cluster below current price levels. The market structure observed throughout June, when ETH remained in the downtrend, is noticeably different from this. The improving outlook is reinforced by momentum indicators.
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The RSI has risen above 53, indicating increasing buying pressure and firmly entering bullish territory. In contrast to earlier attempts at a rebound, the current move has not caused the RSI to enter an overbought state, allowing for further upside if buyers continue to be active. The next challenge is just around the corner.
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The psychologically significant $1,800-$1,850 range, which has frequently served as resistance over the past few months, is drawing closer to Ethereum. The bullish case would be strengthened by a clear move above that area, which might also lead to an advance toward the 200-day EMA at $2,220. It is still important to keep an eye on volume.
Although the breakout is technically sound, increased trading activity would provide more evidence that larger market players and institutions, as opposed to just short-term traders, are backing the move.
There has been no complete reversal of the general trend. Ethereum is still trading beneath the long-term resistance structure set earlier this year and remains far below its 200-day moving average. However, the short-term picture is significantly altered by the successful trendline breakout.
Confidence in XRPXRP's wider recovery attempt might not be finished despite recent weakness and another rejection close to local resistance. Even though the asset is still stuck below important moving averages and is trading close to the $1.07 mark, there are a number of indicators suggesting that the market has not completely given up on the possibility of a bigger recovery. The chart doesn't appear very confident at first glance.
At $1.11 for the 50-day EMA, $1.15 for the 100-day EMA, and $1.26 for the 200-day EMA, XRP is still below these benchmarks. Such a configuration usually indicates that sellers are still in control of the longer-term trend and reflects a bearish market structure. However, the moving averages alone don't fully capture the complexity of the current situation.
XRP/USDT Chart by TradingViewThe psychologically significant $1.00 area has been consistently defended by XRP since the sharp drop in June. Bears' attempts to force a clear breakdown have all been thwarted by buying activity, resulting in a comparatively stable support zone. Despite weeks of pressure, XRP has avoided hitting new lows, which suggests that selling momentum is gradually waning.
A fascinating tale is also told by volume. Selling volume has been continuously dropping, but buying activity is still insufficient to cause a breakout. This frequently occurs during accumulation phases, when market participants are less inclined to sell at low prices. The RSI is currently in the neutral 40-45 range.
This indicates that XRP is far from overheated and has potential for a recovery move if overall market conditions improve, even though it does not indicate bullish momentum. Reclaiming the 50-day EMA remains the bulls' primary goal. A successful move above $1.11 would probably draw in more momentum traders and open the door to the resistance zone between $1.15 and $1.20.
After that, the 200-day EMA at around $1.26 emerges as the primary technical obstacle. The current setup is notable because, despite trading below significant resistance levels, XRP is not accelerating downward. Rather, price action has begun a period of consolidation above support.
Bitcoin makes it back for nowBTC has risen back toward the $63,000-$64,000 range after rising from lows close to $58,000. This puts it directly below a significant resistance cluster that may dictate the market's next big move. The 50-day exponential moving average, which is currently close to $64,600, is the most immediate challenge.
Over the past few weeks, Bitcoin has tested this level several times but has been unable to produce a clear breakout. Sellers have been drawn in at each rejection, highlighting the significance of this area. Nevertheless, there are a number of reasons why the likelihood of a resistance break is rising.
First, since the June bottom, Bitcoin has been able to set a string of higher lows. Instead of retreating to the $58,000 support area, buyers have continuously intervened at increasingly higher prices. This behavior frequently indicates growing confidence and accumulation beneath resistance.
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Second, momentum indicators are improving over time. The daily RSI is approaching the neutral 50 level after recovering from oversold territory. It shows that the bearish momentum that dominated June has significantly decreased, even though it is not yet a fully bullish signal.
The broader market structure also supports a breakout. Bitcoin spent a few weeks consolidating after the sharp drop from the $82,000 area. Before making another directional move, markets usually need to go through these stages of consolidation. The longer Bitcoin stays above important support levels without hitting new lows, the more pressure builds against surrounding resistance.
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Traders should not underestimate the challenges that lie ahead, however. Even if Bitcoin surpasses the 50-day EMA, there will be more resistance near the 100-day EMA, which is located at $68,600. Above that, the 200-day EMA at approximately $74,700 remains the final line separating the market from a complete trend reversal.
Volume continues to be an issue. In contrast to the significant selling volume observed during the June crash, recent recovery attempts have involved comparatively low trading activity. During any breakout attempt, bulls would prefer to see a discernible increase in participation.
For the time being, Bitcoin does not appear to be actively rejected by resistance; instead, it seems to be coiling beneath it. A close above the $64,500–$65,000 range would greatly boost sentiment and might lead to a move toward $68,000. The technical setup indicates that Bitcoin's chances of breaking resistance are improving every day, even though confirmation is still required.
Ethereum has registered a notable technical development after breaking above a declining trendline that restricted its price recovery since May. For weeks, ETH had traded below short-term resistance, but the latest price surge marks one of the most significant movements for the asset in recent months. However, analysts caution that this action does not, on its own, signal the start of a new bull market.
Ethereum breaks key trendlineETH surpassed the downward resistance in the $1,750–$1,800 region, moving beyond a line that connected a sequence of lower highs set over previous months. This breakout comes on the heels of a long-running bearish pattern that had intensified following a rejection from the $2,400 level earlier in the year. Currently, ETH is holding above its 50-day exponential moving average (EMA) at $1,740, and its price is consolidating near $1,790.
The asset has also reclaimed the 100-day EMA at $1,755, creating a supportive zone beneath the current price. This shift marks a departure from the more bearish market structure seen in June when ETH remained in a downtrend. Supporting indicators, such as momentum metrics, add to this improving outlook.
The relative strength index (RSI) has lifted past 53, pointing to increasing buying interest and a move into bullish territory. The indicator has not entered overbought conditions, which leaves room for additional upside if demand persists. The next test for Ethereum is approaching quickly.
Major resistance sits in the $1,800–$1,850 range—a level that has repeatedly capped previous rallies in recent months. If ETH achieves a decisive move above this band, it could target its 200-day EMA near $2,220. However, trading volume remains closely scrutinized.
Although the breakout is promising from a technical perspective, increased trading activity would provide further confirmation that larger institutional participants are backing the move rather than only short-term traders.
ETH price has broken out above key resistance, and if supported by higher volume, it could signal broader trend improvement for Ethereum in the coming weeks.
Despite the recent upswing, ETH is still trading below the long-term resistance established earlier this year and remains well under its 200-day moving average. Still, the short-term narrative has shifted with the successful trendline breakout.
XRP defends critical supportXRP, developed by Ripple Labs, is showing attempts at a broader recovery despite recent weakness and rejection near local resistance. While XRP currently trades just above $1.07 and remains under its key moving averages, several market indicators still hint at persistent recovery potential.
The 50-day EMA at $1.11, 100-day EMA at $1.15, and 200-day EMA at $1.26 each continue to act as resistance above XRP’s current level, suggesting a predominantly bearish long-term outlook. However, these averages do not fully represent the current buying activity near psychological support.
Since the steep decline in June, the $1.00 zone has proven to be a strong support area. Attempts to push XRP below this level have failed, indicating solid demand and suggesting that downward momentum may be fading. Notably, XRP has managed to avoid fresh lows in the face of sustained pressure.
Volume patterns are also revealing. Selling activity has steadily decreased, but current levels of buyer participation remain insufficient to trigger a breakout. This environment often reflects accumulation, where investors refrain from selling at lower levels.
The RSI stands between 40 and 45, signaling neither oversold nor overbought conditions and leaving open the possibility for a rebound if market sentiment improves. Reclaiming the 50-day EMA at $1.11 is an immediate target for bulls and a move above it could open the path toward the $1.15–$1.20 resistance area. Should this rally continue, the 200-day EMA at $1.26 is the next major technical hurdle.
Ripple Labs is a US-based technology company focusing on digital payment protocols and the development of XRP, a digital asset used for cross-border financial transfers.
Mini dictionary: Exponential Moving Average (EMA), a technical indicator that gives greater weight to more recent price data and is used to gauge short- and long-term market trends.
Interestingly, XRP is consolidating above support, showing resilience despite trading below all major resistance zones.
Bitcoin eyes major resistanceBitcoin (BTC) has rebounded toward the $63,000–$64,000 range after recovering from lows near $58,000. The move places Bitcoin immediately below a key resistance cluster that could determine the asset’s short-term trajectory. The 50-day EMA, currently at $64,600, represents the next technical challenge for bulls.
BTC has approached this level several times recently, but each attempt resulted in sellers regaining control. This repeated rejection underscores the significance of the current resistance zone, but several signals now point toward increasing odds of a breakthrough.
AssetCurrent Price AreaKey Resistance Level50-day EMA200-day EMAEthereum (ETH)$1,790$1,800-$1,850$1,740$2,220XRP$1.07$1.11-$1.20$1.11$1.26Bitcoin (BTC)$63,000-$64,000$64,500-$65,000$64,600$74,700BTC has set higher lows since its June bottom, with buyers stepping in at elevated prices instead of letting it drop back to $58,000. This price action hints at persistent accumulation and growing confidence among investors. Momentum indicators, such as the daily RSI, are improving and now approach the neutral 50 level, showing that bearish momentum has eased, even if bullish signals are not fully confirmed.
The market structure reinforces the breakout potential. After consolidating since the crash from $82,000, Bitcoin’s failure to make new lows increases the upward pressure on resistance. Yet, substantial challenges remain, including the 100-day EMA at $68,600 and the 200-day EMA at about $74,700.
Volume trends are still subdued. The sizable selling volume seen during the June drop has yet to be matched by buying activity in recovery attempts, so traders are watching for increased participation to support a breakout.
Bitcoin is consolidating below the $64,500–$65,000 resistance range, and a close above this level could quickly shift the broader sentiment and set the stage for a move toward $68,000.
Currently, BTC appears to be gathering strength immediately beneath major resistance without facing strong rejections. The technical picture suggests that the chances of a breakout are improving, although more confirmation is needed.
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.
Geopolitical tensions have once again rattled financial markets, but institutional investors are showing signs of returning to crypto, with particular interest in Crypto ETFs as a way to gain exposure. Bitcoin held above $62,500 while Ethereum traded near $1,700 despite fresh uncertainty after U.S. strikes on Iran and Tehran’s decision to close the Strait of Hormuz until further notice.
The steady price action, along with improving ETF flows, suggests large investors are continuing to build positions rather than exiting the market.
Crypto ETFs End 8-Week Outflow StreakAccording to The Kobeissi Letter, crypto investment products attracted $281.8 million in net inflows last week, ending an eight-week streak of more than $7 billion in outflows.
Bitcoin funds accounted for $197.4 million, while Ethereum investment products added another $84.4 million. Even so, the recovery remains early. Total 12-month ETF inflows now stand at around $1 billion, far below the $10 billion recorded in April and the $12 billion peak seen in October 2025.
The report noted that buyers are beginning to return, but this is “buyers dipping a toe, not a full cycle turn yet.”
BlackRock Continues to Lead Bitcoin DemandInstitutional demand remained heavily concentrated in BlackRock’s iShares Bitcoin Trust (IBIT).
According to Farside Investors, IBIT attracted $291.9 million in fresh capital last week, more than offsetting outflows from Grayscale, ARK 21Shares, and Fidelity’s Bitcoin ETFs.
Bitcoin also held above $62,000 despite oil prices climbing 4–5% following Middle East tensions, highlighting the asset’s resilience during a period of broader macro uncertainty.
XRP, SOL and HYPE ETFs See Fresh InterestInstitutional activity also extended beyond Bitcoin.
According to SoSoValue, XRP ETFs recorded $7.18 million in net inflows. Virginia-based Main Street Group disclosed holdings of 5,261 shares of the Canary XRP ETF, valued at roughly $58,292. Other institutional investors include Larson Financial Group ($1.8 million), Q3 Asset Management ($430,000), Hurley Capital ($135,000), and Flow Traders, which currently holds the largest reported XRP ETF position at $1.93 million.
Meanwhile, Solana ETFs attracted $930,430 in net inflows, while HYPE ETFs added $10.36 million, reflecting growing institutional interest across select altcoins.
Analyst Warns $61K Remains the Key LevelCrypto analyst Michaël van de Poppe said Bitcoin’s overall structure has not changed much, but short-term weakness is becoming more visible.
I don't think much has changed on #Bitcoin, yet.
However, there's clearly a lack of strength, as;
– Yields are going up.
– Oil is going up.
– Nasdaq is going down.
There's also a clear bearish divergence (and bullish divergence) at play.
Matter of question of which one is… pic.twitter.com/BxX4mKhzea
— Michaël van de Poppe (@CryptoMichNL) July 13, 2026 He pointed to rising bond yields, higher oil prices, and a weaker Nasdaq as signs that risk assets remain under pressure. Van de Poppe expects Bitcoin could briefly fall below $61,000 in July to form a triple bottom before recovering.
According to the analyst, the $61,000 level remains the most important support to hold, as losing it could trigger another wave of downside momentum.
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CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
14 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
14 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
14 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
14 minutes ago
The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
14 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
The U.S. government transferred nearly $297 million in seized Bitcoin and Ether to Coinbase Prime on Monday, according to blockchain data.
Summary
U.S. government wallets transferred nearly $297 million in seized Bitcoin and Ether to Coinbase Prime. The Bitcoin movement renewed questions about compliance with Trump’s strategic reserve order banning government sales. Coinbase Prime supports custody and trading, so the transfers do not prove an immediate liquidation. The move renewed questions about how federal agencies plan to handle crypto covered by President Donald Trump’s reserve policy.
The transfers included about 3,940 BTC worth roughly $244 million and around 30,000 ETH valued near $53 million at the time. Arkham’s government wallet tracker recorded the movements, although changing market prices can alter their dollar value.
Seized Bitcoin and Ether reach Coinbase Prime Galaxy Research head Alex Thorn linked the Bitcoin to seizures involving Ryan Farace, known online as “Xanaxman,” and the closed BTC-e exchange.
“These coin movements were comprised of coins seized from Ryan Farace and defunct crypto exchange BTC-e,” Thorn said.
these coin movements were comprised of coins seized from ryan farace (“xanaxman”) and defunct crypto exchange btc-e
— Alex Thorn (@intangiblecoins) July 13, 2026 The Ether came from wallets tied to Brian Krewson, an Oracle employee connected to a federal case involving crypto storage and money laundering. The transfers brought assets from several enforcement cases into an institutional platform used by government agencies and large investors.
Transfer does not confirm a government sale A deposit to Coinbase Prime can allow trading, but it does not prove that officials plan to sell the assets. Coinbase Prime provides custody, execution, financing and staking services. Federal agencies may use the platform to consolidate wallets or move assets into managed custody.
The U.S. Marshals Service selected Coinbase Prime in 2024 to safeguard and trade certain forfeited digital assets. Government wallets have since sent funds to the platform several times. As reported by crypto.news, authorities moved nearly $984,000 in FTX and Alameda-linked crypto in June, with about $768,000 reaching Coinbase Prime.
Trump reserve order limits Bitcoin sales Trump’s March 2025 executive order created a Strategic Bitcoin Reserve and a separate stockpile for other digital assets. The order says Bitcoin placed in the reserve “shall not be sold” and must remain a U.S. reserve asset.
The order also allows some exceptions under existing law. Agencies may return assets to verified victims, use them for law enforcement work or follow a court order. Ether and other non-Bitcoin holdings fall under the separate digital asset stockpile, where the Treasury can set stewardship plans within its legal authority.
Reserve structure remains unsettled The latest movement comes while federal agencies still debate who should manage the Bitcoin reserve.Treasury and Commerce have discussed control of seized BTC while officials review custody, legal authority and the need for new legislation.
Government-linked wallets still hold about $20.5 billion in crypto, based on current tracker estimates. Bitcoin accounts for most of the total, with roughly 325,000 BTC. The wallets also hold Ether, Tether, wrapped Bitcoin and other seized assets, although public trackers may not identify every federal address.
The recorded balance can change quickly because crypto prices move throughout the day. It can also change when courts order restitution, agencies transfer custody, or investigators identify new wallets. Public dashboards therefore provide estimates rather than a complete official federal accounting.
The Monday transfers ranked among the largest government-linked moves to Coinbase Prime in 2026. In April,a federal wallet sent 2.438 BTC from a separate criminal case to the platform.
On-chain records show where funds moved, but they do not reveal the government’s final instructions to Coinbase Prime. A confirmed sale would require further wallet activity, trading records or an official statement. Until then, the transaction remains a custody or asset-management move rather than proof of liquidation.
Key Takeaways Federal authorities transferred approximately 3,940 BTC (valued at ~$244M) and roughly 30,014 ETH (~$53M) to Coinbase Prime this week The Bitcoin originated from seizures connected to Ryan Farace (alias “Xanaxman”) and the shuttered BTC-e exchange; Ethereum traces back to a money laundering investigation involving an Oracle employee This transaction prompts scrutiny regarding Trump’s executive directive from March 2025 that prohibits liquidation of confiscated Bitcoin Transfers to Coinbase Prime don’t necessarily signal an impending sale — the service provides custody and portfolio management capabilities Federal crypto holdings remain substantial at approximately $20.5 billion, with around 325,000 BTC in storage Federal authorities orchestrated a substantial movement of confiscated cryptocurrency assets to Coinbase Prime this week, with blockchain intelligence platform Arkham documenting the transactions. The operation involved approximately 3,940 Bitcoin valued at roughly $244 million alongside about 30,014 Ethereum worth near $53 million.
The Bitcoin portion traces back to law enforcement actions against Ryan Farace, who operated under the alias “Xanaxman,” plus assets recovered from BTC-e, a cryptocurrency exchange that ceased operations. Galaxy Research’s director Alex Thorn publicly verified these origins.
The Ether portion originated from addresses associated with Brian Krewson, an Oracle corporation employee implicated in federal proceedings concerning cryptocurrency custody and financial crimes totaling approximately $54 million. These movements consolidated assets from multiple enforcement actions onto one institutional-grade platform.
Is the Government Planning to Liquidate These Assets? Moving cryptocurrency to Coinbase Prime doesn’t automatically indicate an impending liquidation. This platform delivers comprehensive services including secure storage, trading capabilities, financing options, and staking functionality. Federal departments may simply be reorganizing their holdings or transitioning assets into professionally managed custody arrangements.
The United States Marshals Service selected Coinbase Prime during 2024 as their designated platform for securing and potentially trading confiscated digital currencies. Government-controlled addresses have executed multiple transfers to this platform since then. This week’s operation represents one of the most substantial government-related movements to the platform recorded in 2026.
Previously in June, government-affiliated wallets dispatched approximately $768,000 in cryptocurrency connected to the FTX and Alameda Research collapse to Coinbase Prime. Earlier in April, approximately 8.2 Bitcoin associated with the notorious 2016 Bitfinex security breach was similarly transferred.
Implications of Trump’s Strategic Bitcoin Directive These cryptocurrency movements attract heightened scrutiny due to Trump’s executive directive issued in March 2025. This presidential order established a Strategic Bitcoin Reserve with explicit language mandating that Bitcoin included within this reserve “shall not be sold.”
However, the directive incorporates specific exemptions. Federal agencies maintain authorization to restore assets to confirmed victims, deploy them for investigative purposes, or comply with judicial mandates. Ethereum and alternative digital currencies fall under a distinct digital asset inventory, where Treasury officials possess discretion in establishing management protocols.
The reserve’s operational framework remains under development. Treasury and Commerce departments continue negotiations regarding administrative responsibility for the Bitcoin reserve, addressing questions surrounding custody arrangements, regulatory jurisdiction, and potential legislative requirements.
Government-controlled cryptocurrency wallets currently contain an estimated $20.5 billion in digital assets. Bitcoin comprises the majority of these holdings, totaling roughly 325,000 BTC. Additional holdings include Ethereum, Tether, wrapped Bitcoin, and various other confiscated cryptocurrencies.
Blockchain transparency reveals where funds traveled, but not the specific instructions provided to Coinbase Prime. Definitive evidence of liquidation would require subsequent wallet transactions, exchange records, or formal government announcements. Until such confirmation emerges, analysts interpret this transfer as a custodial reorganization.
Bitcoin's more balanced sentiment stands in contrast to the growing enthusiasm surrounding Ethereum and XRP.
ETH and XRP traders have become notably more optimistic, with market intelligence firm Santiment reporting the highest levels of fear of missing out (FOMO) for both assets in the past five weeks.
The change in tune has come even with prices struggling to build sustained momentum, raising the possibility that bullish sentiment may be running ahead of market performance.
XRP Leads Sentiment Spike While BTC Stays Balanced According to a July 13 X post by Santiment, XRP’s bull-to-bear ratio sat at 3.02, meaning that there were more than three positive posts online for every negative one. Ethereum wasn’t far behind at 2.31, placing it in what the analytics platform described as “slight FOMO territory.” As for Bitcoin (BTC), it posted a much lower 1.40, suggesting that traders were relatively neutral about it.
Both BTC and ETH opened relatively strong on Monday but faded as the day went on, with Santiment pointing out that crowds tend to get loud at the wrong moment.
“Crypto typically moves opposite to what the crowd is loudly expecting,” the firm wrote. “When traders get too bullish on XRP or ETH while prices are already dipping, it can create short-term downside risk or at least slow the rebound.”
However, it argued that Bitcoin’s flatter reading may give it more room for a rally since the crowd hasn’t fully bought into the “higher prices next” trade yet. This assessment was echoed by trader Xaif Crypto, who also argued that BTC’s calmer sentiment “means more room to run,” while the heavier optimism surrounding XRP and ETH could limit their immediate recovery.
Looking at the price actions of the three assets, XRP had slipped below $1.08, a resistance level highlighted by analyst Cryptorphic, and was trading around $1.07 at the time of writing, a roughly 5% drop in the last seven days and almost 7% over the past month. According to the analyst, the token is quite vulnerable as long as it trades beneath $1.08, with even lower prices seeming likely.
On its part, ETH has held up better and was trading closer to $1,800 than $1,700, having gained a modest 1% over one week and more than 6% in the last 30 days. It did move briefly above $1,800 over the weekend before pulling back, although several market watchers have expressed optimism that the current level could see the asset push up to $2,500.
You may also like: Here’s Why Robinhood Chain Is Ultra Bullish for ETH Despite Cannibalizing Revenue 3 Years After The Key Ripple-SEC Ruling: How XRP Went From SEC Target to Institutional Asset South Korea Stock Crash Could Drag Bitcoin Below Key Support: Analyst Meanwhile, Bitcoin dipped slightly in the last day after starting July rather strongly when it rebounded from around $57,700 to $64,000. It is currently changing hands below $63,000, with wallets holding between 10,000 and 100,000 BTC adding 11,000 BTC in the last week, suggesting that dip demand hasn’t dried up despite weeks of choppy trading.
Optimism Faces Mixed On-Chain and ETF Signals While traders have become excited about XRP, the asset has had to contend with cooling institutional and whale activity, marked by spot XRP ETFs recording their first week of net outflows in more than 2 months.
Furthermore, on-chain data also showed a significant drop in XRP transactions of more than $1 million, which have gone from 70 to only 2 in about a week, while wallet creation on the XRP Ledger has also slowed compared with earlier in the year.
While institutional investors continue to show interest in the cryptocurrency market, there has been a noticeable decline in individual investor engagement on social media. According to recent data, the volume of posts using the keywords “Bitcoin” and “Ethereum” on X (formerly Twitter) has fallen to its lowest level in the last 12 months.
Daily posts about Bitcoin have dropped to around 130,000, while posts about Ethereum have fallen to around 40,000. These levels represent the lowest social media activity seen since 2020, when institutional interest was just beginning to emerge.
Tweet volume is considered one of the key indicators measuring the level of interest of individual investors in the market. This metric reveals not the amount of capital entering the market, but how much investors are talking about specific assets. The current situation is noteworthy because, despite social media interest falling back to 2020 levels, institutional investors’ interest in cryptocurrencies is conversely accelerating.
In 2020, Bitcoin and Ethereum hadn’t yet fully entered Wall Street’s radar, spot ETFs hadn’t been approved, and holding crypto assets on corporate balance sheets wasn’t widespread. Today, the picture has changed dramatically. Spot Bitcoin and Ethereum ETFs manage billions of dollars in funds, and asset tokenization holds a significant place on the agenda of traditional finance conferences and major financial institutions.
Analysts believe this development could signal that institutional adoption may now be able to progress independently of individual investor interest. However, historical data shows that low levels of social media engagement often coincide with periods when prices are trading sideways or pulling back.
According to experts, as the crypto ecosystem matures, price movements and infrastructure investments may not require as much intense individual investor interest as in past bull cycles.
However, the renewed increase in individual investor participation remains a crucial factor in strengthening both trading volumes and market momentum. Therefore, social media data continues to be closely monitored as an indicator of market sentiment.
*This is not investment advice.
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Leading cryptocurrencies slid alongside stocks on Monday after President Donald Trump floated full U.S. control over the Strait of Hormuz and a reimbursement fee on all cargo passing through.
Increased Selling PressureBitcoin tumbled below $62,000 as trading volume doubled over the last 24 hours to $37.15 billion.
Ethereum also experienced high volatility, with the second-largest cryptocurrency fluctuating between a low of $1,749.35 and a high of $1,812.94. XRP and Dogecoin extended their losses.
Over $360 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data
Bitcoin’s open interest, meanwhile, rose 2.24% over the last 24 hours. An increase in open interest combined with a price decrease indicates a short build-up, meaning new traders are actively shorting the asset.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Stocks Stutter On Iran DevelopmentsStocks ended in the red on Monday. The Dow Jones Industrial Average slid 138.37 points, or 0.26%, to close at 52,498.64. The S&P 500 lost 0.79% to end at 7,515.34, while the tech-heavy Nasdaq Composite dipped 1.55% to finish at 25,873.18.
Tensions worsened after Trump reinstated the blockade of Iranian ships passing through the Strait of Hormuz. He also stated that the U.S. is considering taking control of the critical oil shipping point permanently in exchange for a 20% fee on cargo.
Whales Are Scooping Bitcoin?Ali Martinez, a widely followed cryptocurrency analyst and trader, highlighted that Bitcoin’s Accumulation Trend Score—an indicator measuring whether entities are buying or selling BTC—has stayed near 1 since June.
“A reading near 1 suggests that whales—or a large share of the network—are actively accumulating Bitcoin,” the analyst added.
“A healthier distribution of USDT and USDC can make crypto markets more resilient,” Santiment added. “Rather than idle capital waiting for a few whales to act, it’s a sign that stablecoin firepower is becoming more decentralized.”
Photo: KateStock / Shutterstock
Market News and Data brought to you by Benzinga APIs
Interpol operation exposes $122M crypto wallet tied to romance scam launderingA crypto wallet linked to a suspected romance-scam money launderer processed more than $122.5 million in 10 months, according to Interpol.
Interpol said that Thai authorities arrested two suspects and uncovered a money-laundering network that funneled proceeds from romance scams into cryptocurrencies, using cross-chain token swaps to obscure the trail.
The investigation was part of Operation First Light 2026, an Interpol-coordinated campaign targeting social engineering scams and the financial infrastructure used to launder their proceeds.
The operation involved authorities in 97 countries and territories, resulting in 5,811 arrests and the seizure of $293 million in illicit assets tied to fraud and money laundering.
Romance scams, also known as pig-butchering scams, often involve criminals building trust with victims through social media or online dating platforms before steering them toward fraudulent investment schemes.
InterpolAuthorities carried out raids on scam centers. Source: Interpol
Hyundai completes USDT treasury settlement pilot between US and MexicoHyundai Motor's US and Mexican units completed a pilot cross-border treasury transfer using Tether's USDT stablecoin, settling a $20,000 payment in about seven minutes on the Avalanche blockchain.
Hyundai Motor America converted the funds into USDT, transferred the stablecoin to Hyundai Motor Mexico and converted it back into US dollars. The transfer and verification process took about seven minutes, compared with three to four hours or more for a traditional cross-border bank transfer.
Tether said the pilot used Axiym's settlement infrastructure, while Hyundai Card designed the remittance structure and oversaw the regulatory, compliance, accounting and operational requirements needed to support the proof of concept.
Japan’s SBI to launch yen stablecoin lending with 3% yieldTokyo-based SBI VC Trade will begin accepting applications Thursday for a Japanese yen-denominated stablecoin lending service offering an initial annualized rate of 3% on JPYSC lent for 12 weeks.
Customers will lend JPYSC to the SBI Holdings subsidiary from Thursday and receive the tokens back with a lending fee at maturity, the company said in a Monday press release. At the advertised rate, the gross return over the 12-week term would be about 0.69%, before tax.
The company said the product pays more than the 0.325% to 1% annual rate SBI cited for ordinary yen deposits. Still, it is not a bank deposit, is not covered by deposit insurance and generally cannot be canceled early.
Japanese lender launches Bitcoin-backed loans of up to $6.2MJapanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million), allowing individuals and businesses to raise fiat currency without selling their BTC.
On Thursday, the company announced that borrowers can access between $6,200 and $6.2 million at annual rates of 3.5% to 7%. The loans carry collateral ratios of 40% to 60%. They run for one year and can be used for expenses, including taxes, business funding and property purchases.
The launch expands Japan’s small market for regulated crypto-backed financing. In 2020, Fintertech, a Daiwa Securities Group and Credit Saison joint venture, launched a similar service and currently lends up to $3 million against Bitcoin or Ether. However, CRYL's service advertises a higher ceiling and a lower minimum, while limiting collateral to BTC.
Metaplanet explores Bitcoin-backed digital credit with JPYC in JapanJapanese Bitcoin treasury company Metaplanet has teamed up with stablecoin issuer JPYC and tokenization infrastructure provider Progmat to study Bitcoin-backed digital credit products in Japan.
The investigation will examine whether Bitcoin can be used as collateral or credit enhancement for digital corporate bonds and other credit instruments, with 24/7 accessibility, settlement and daily interest accrual for holders, issued on the blockchain ledger. No product has been launched yet as part of the experiment.
The news suggests Metaplanet is looking beyond its role as a Bitcoin treasury company and testing how Bitcoin could be used as a productive balance sheet asset.
Digital credit instruments have been an important part of Strategy’s playbook. The world’s largest corporate Bitcoin holder has relied on "digital credit" instruments such as the STRC preferred stock as a primary vehicle for raising capital to acquire more Bitcoin.
MetaplanetJoint study in the digital credit domain utilizing Bitcoin, JPYC, and security tokens. Source: Metaplanet
Japan stablecoin payments advance with Lawson trial, Netstars launchJapanese convenience-store operator Lawson plans to test yen-denominated stablecoin payments at a Tokyo location in August, examining whether stablecoin payments can work within a standard convenience store checkout flow.
On Monday, blockchain company HashPort said it had signed an agreement to conduct the trial at the Lawson Takanawa Gateway City store. Participants will use HashPort's non-custodial wallet, while the store will process payments through the company's point-of-sale system without needing to open or manage crypto wallets.
The pilot aims to explore how stablecoin payments can be integrated into Japan’s existing retail infrastructure while shielding merchants from much of the operational complexity associated with accepting digital assets.
Bitdeer stock jumps 14% as company expands US mining hardware productionBitdeer shares rallied after the company announced a $36 million Nevada manufacturing facility that will produce its SEALMINER Bitcoin mining machines and expand its hardware business.
The gains for the Singapore-based miner followed Bitdeer’s announcement that it will build a manufacturing facility in Sparks, Nevada. It will produce key mining hardware components, with commercial production expected to begin by the end of the year.
BitdeerBitdeer Technologies Group (BTDR) stock. Source: Yahoo Finance
Hong Kong regulator orders new anti-phishing measures for crypto platformsThe Hong Kong Securities and Futures Commission (SFC) on Thursday issued new requirements for phishing-resistant authentication methods for virtual asset trading platforms (VATPs) and online brokers in the special administrative region.
The new standards require stronger phishing-resistant authentication methods and device binding while prohibiting the use of one-time passwords through SMS, email or app-based logins. Platforms must implement the changes within the next 12 months.
Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advanceThe Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums.
According to local reports from Digital Asset and EDaily, the BOK also called for new safeguards including a statutory policy body involving relevant agencies to oversee the sector.
The latest comments reinforce the BOK's months-long push to keep won stablecoin issuance under bank-led structures. The central bank's stance has divided policymakers and industry groups and contributed to delays in South Korea's digital asset bill.
Regulators invited Binance to seek new licenses after MiCA setback, co-CEO saysBinance co-CEO Richard Teng says some regulators have invited the exchange to apply for crypto licenses after it failed to secure permission to operate in Europe.
Teng said the discussions are still “premature” and declined to identify the jurisdictions.
MiCA created a single licensing framework for crypto firms across the European Union, with non licensed firms unable to operate in the block after July 1. Binance withdrew its application for a MiCA license in Greece on June 24, after report that Greek regulators were planning on knocking it back.
“It caught us by surprise because we submitted a fully compliant application. The regulators told us as much,” Teng said.
“We are not quite sure why the approval kept being delayed. We withdrew the application because otherwise our users would have faced a very short transition period,” he added.
Richard TengRichard Teng. Source: Binance
Asia crypto news in brief
Temasek says no to crypto
Singapore sovereign wealth fund Temasek is still smarting from having to write down $275 million on its FTX investment. Its Global Investment Head said this week that crypto remains “off the table” for now, though it’s still keeping an eye on developments in the blockchain sector.
HSBC’s blockchain note
HSBC and Marketnode teamed up to complete the private placement of a “digitally native” USD denominated note issued on blockchain in Hong Kong.
Japan’s crypto ETFs and credit
The Japanese government remains on track to launch crypto ETFs in the country, following recent legislative amendments to the Financial Instruments and Exchanges Act
SBI Solana Global
Japanese asset manager SBI Holdings has teamed up with the Solana Foundation to launch a new division called SBI Solana Global, focused on stablecoins, international payments and RWAs.
India crypto ban looms
The Reserve Bank of India said it is “leaning” toward a total prohibition on crypto and has recommended that legislators prevent banks and financial institutions from getting involved in the sector.
Thailand stablecoin audits
The Bank of Thailand and the Thai SEC are using blockchain analytics tools to investigate suspicious high-volume stablecoin transactions, with a particular focus on USDT.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The broader cryptocurrency market risk-off sentiment builds as US President Donald Trump formally declares war with Iran to the US Congress. Bitcoin (BTC) holds at $62,000 on Tuesday, while Pi Network (PI) and Worldcoin (WLD) are leading losses over the last 24 hours.
CoinMarketCap’s Fear and Greed Index is at 28 on Tuesday, down from 31 on Sunday, reaffirming the declining risk appetite in the industry.
Fear and Greed Index. Source: CoinMarketCapBitcoin nears $60,000 amid renewed pressureBitcoin trades near $62,000 on Tuesday, after a 2% drop the previous day, keeping the near-term trend trapped below the 50-day Exponential Moving Average (EMA) at $65,070. The reversal risks a retest of the $60,000 psychological level, with the swing low near $58,115 in place.
Momentum signals are comparatively modest, with the Relative Strength Index (RSI) hovering around a neutral 46.9 and the Moving Average Convergence Divergence (MACD) staying in positive territory but not yet strong enough to challenge the dominant downside structure.
BTC/USDT daily price chart.Looking up, a potential breakout of the 50-day EMA at $65,070 could extend the rally to the $70,000 mark.
Pi Network and Worldcoin poised for further declinePi Network trades at a record low level near $0.0740 on Tuesday, testing the breakout below a descending support trendline of a falling channel pattern. The PI token targets the 161.8% Fibonacci extension level at $0.0679 as immediate support, measured from the downswing from $0.1998 to $0.1183, where a daily close could extend its decline to steeper levels.
The MACD and signal line extend the declining trend, with expanding negative histograms indicating firm bearish momentum, while the RSI near 11 keeps the pair deeply oversold, suggesting that, while downside pressure is dominant, short-term bounces cannot be ruled out.
PI/USD daily price chart.Looking up, a potential rebound in the bearish setup from the support trendline could test the 127.2% Fibonacci level at $0.0961.
Worldcoin trades below $0.4000 at press time on Tuesday, following a 6% decline the previous day. The 50-day EMA at $0.4268 caps the near-term trend, pushing WLD price below the 50% retracement at $0.4048, measured from $0.7229 to $0.2267. A steady decline below could target the 23.6% Fibonacci retracement level at $0.2980.
That said, the RSI at about 42 still leans toward softness, while the MACD remains marginally below its signal line, suggesting downside pressure persists despite the latest stabilization.
WLD/USDT daily price chart.Looking up, the 50-day and 200-day EMAs at $0.4268 and $0.4851, respectively, serve as key resistance levels.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Bitcoin (CRYPTO: BTC) tapped $64,000 the previous week, but Glassnode’s Weekly Market Pulse report shows weakening spot participation, declining on-chain activity, and defensive options positioning underneath the price recovery.
What Is The Spot Market Actually Saying?Bitcoin’s 14-day Relative Strength Index jumped from 50.8 to 66.9, pushing the asset into overbought territory.
Spot trading volume fell 21.5% to $4.1 billion, well below Glassnode’s lower threshold of $4.7 billion.
Spot cumulative volume delta flipped from positive $17.2 million to negative $58.8 million, meaning aggressive sellers now outnumber aggressive buyers even as price climbs.
“The advance has been driven by relatively thin liquidity rather than broad-based buying conviction,” Glassnode wrote.
Are Futures And Options Traders Buying This Move?Futures open interest barely moved, slipping from $31.4 billion to $31.3 billion, meaning traders are holding existing positions rather than adding new bets.
Meanwhile, funding payments rose above the upper statistical band, meaning long holders are paying a growing premium to stay in their trades while actual buying intensity collapsed 81.7% in perpetual markets.
Options traders are hedging rather than speculating. Put options are trading at a premium to calls, with traders paying more for downside protection than for upside exposure. The options market is not convinced this rally holds.
U.S. spot Bitcoin ETF flows turned positive, recording $161.3 million in net inflows after weeks of outflows.
ETF trading volume fell 11.97% to $8.4 billion, so the return looks like gradual allocation rather than aggressive re-entry.
What Does On-Chain Data Show?Network activity moved against the price recovery. Daily active addresses fell 7.6% to 599,000, approaching Glassnode’s lower threshold of 594,600.
Transfer volume dropped 16.1% to $4 billion and total fee revenue fell 13.9% to $168,400, below the lower statistical band.
Long-term holders remain firm, with the short-term to long-term supply ratio falling to 12.1%, below the lower band of 12.5%.
Moreover, capital is still leaving Bitcoin on the net, just at a slower rate than before.
Glassnode’s takeaway is that Bitcoin is consolidating after recent lows rather than breaking out.
Spot volume recovering, sellers turning into buyers, and on-chain activity stabilizing are the conditions the data still needs to show before this recovery carries real conviction.
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The U.S. government has transferred 2,874.9 Bitcoin worth approximately $183.28 million to Coinbase Prime, according to blockchain data shared by Galaxy Research.
The transaction was performed across Bitcoin blocks 957893 and 957894 from a government-controlled address.
The latest movement brings the total amount of BTC sent by U.S. authorities to Coinbase Prime today to nearly 4,000 BTC.
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Speculation about transfer The translation has raised some speculation about whether the coins could be prepared for liquidation or internal custody operations.
In March 2025, an executive order was signed to establish the Strategic Bitcoin Reserve, directing the Treasury Department.
Treasury Secretary Scott Bessent previously said that the government would not purchase Bitcoin directly for the Strategic Bitcoin Reserve but would retain confiscated BTC instead of selling it.
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The latest Coinbase Prime transfer has therefore raised questions among investors about whether the US government is preparing for potential sales.
imagine US gov is selling
— RunnerMU (Micron-san) (@RunnerXBT) July 13, 2026 Notably, the coins trace to multiple unrelated cases (BTC-e and others). It is highly unusual for the government to move them at the same time.
The Bitcoin treasury firm Strategy (MSTR) has now gone three consecutive weeks without buying any BTC.
On Monday, Strategy Chairman Michael Saylor announced the company increased its US dollar reserve by $450 million over the past week but opted not to buy any new Bitcoin.
Over the two weeks prior, the firm sold a total of 3,588 BTC for $216 million. The sales, which sparked headlines across the crypto sector, materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.
The firm still holds 843,775 Bitcoin worth $52.47 billion at time of writing, as well as $3 billion in cash reserves.
In May, Strategy sold 32 BTC worth $2.47 million, the company’s first Bitcoin sale since 2022, when the firm’s subsidiary, MacroStrategy, hawked 704 BTC for approximately $11.8 million.
The May sale marked a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to “never sell” their BTC.
He did tip that a sale could happen, however, suggesting in a first-quarter earnings call that the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”
Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.
Bitcoin has entered a high-risk week as fresh inflation data and renewed Federal Reserve rate concerns have intensified pressure on crypto markets.
Summary
Bitcoin faces renewed pressure ahead of the U.S. CPI and PPI inflation reports. Fed Governor Christopher Waller’s hawkish comments have lifted September rate hike expectations. Investors are also tracking CLARITY Act developments as another key crypto market catalyst. According to Reuters, Federal Reserve Governor Christopher Waller warned that the U.S. central bank could consider raising interest rates if inflation continues to remain above its 2% target, placing investors on alert before this week’s key economic releases.
His comments come as traders prepare for the June Consumer Price Index (CPI) report due on July 14, followed by the Producer Price Index (PPI) data on July 15.
Bitcoin has already reacted to rising macro uncertainty. The cryptocurrency slipped below $62,000 after climbing to around $64,500 earlier, with escalating tensions between the United States and Iran adding another layer of risk to global financial markets.
Higher geopolitical uncertainty has combined with growing expectations of tighter monetary policy to weaken demand for risk assets.
Inflation data could shape Fed expectations Wall Street economists expect the June CPI report to show monthly inflation easing to 0.2% from 0.5% in May. Annual inflation is projected to slow to 3.8% from 4.2%, offering investors another measure of whether price pressures are cooling.
The inflation figures are likely to influence expectations for future Federal Reserve policy. If consumer prices rise faster than forecast, markets could strengthen their bets that policymakers may keep interest rates higher for longer or even consider another increase.
Attention will then turn to the June PPI report, which measures inflation at the wholesale level. Together, the two reports are expected to provide a clearer picture of inflation trends across the U.S. economy and could influence trading across equities, bonds and digital assets.
Following Waller’s remarks, the CME FedWatch Tool showed that the probability of a September Federal Reserve rate hike climbed to 51.3%. Higher borrowing costs typically reduce appetite for speculative investments, making cryptocurrencies particularly sensitive to changes in monetary policy expectations.
Source: FedWatch Recent Federal Reserve communications have already pointed to persistent inflation risks. Minutes from the central bank’s latest policy meeting noted that several officials remain concerned about inflationary pressures, including those linked to rising artificial intelligence investment and stronger-than-expected economic activity, keeping markets cautious ahead of this week’s data releases.
Crypto legislation adds another market catalyst While inflation remains the primary focus, investors are also monitoring developments in Washington as lawmakers prepare for another important week for the CLARITY Act, one of the most closely watched crypto market structure bills.
U.S. President Donald Trump recently urged the Senate to pass the legislation in honor of Senator Lindsey Graham, who died on July 11. The bill is expected to receive renewed attention this week as lawmakers continue discussions over its final form.
The legislation seeks to establish a clearer regulatory framework for digital assets in the United States. Market participants have been watching the proposal closely because it could determine how cryptocurrencies are regulated by federal agencies and influence future institutional participation in the sector.
With inflation reports, Federal Reserve policy expectations, geopolitical tensions, and crypto legislation all converging within days, investors are preparing for another volatile trading week.
Softer-than-expected inflation could ease pressure on risk assets, while stronger readings may reinforce expectations for tighter monetary policy and keep cryptocurrencies under pressure.
Bitcoin (CRYPTO: BTC) may be entering the final stages of its bear market as higher-timeframe technical indicators increasingly point towards a long-term bottom.
Multiple Bullish SignalsIn a "Kev Capital" podcast on July 13, crypto analyst Kevin said he is not attempting to pinpoint the exact bottom but instead is gradually building exposure based on improving technical conditions.
He added that BTC is now showing multiple bullish signals on higher timeframes, including the weekly and two-week charts, rather than just shorter-term indicators.
Among the signals he highlighted are technical bullish divergences and BTC trading near its 12-day 200 EMA and 200 SMA—areas that have historically coincided with major cycle lows.
Kevin says he believes Bitcoin could still revisit the $44,000 to $56,000 region before a durable bottom is established but stressed that such a move would not alter his accumulation strategy.
The analyst argued that disciplined dollar-cost averaging has historically been a more effective strategy than waiting for a single-entry price.
Kevin also cited stablecoin dominance as another indicator supporting his bullish medium-term outlook.
Those signals suggest selling pressure is fading and that “the Bitcoin bears are finally getting weaker.”
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