Track market-moving stories before they get noisy

Table of contents

For the first time since early May, U.S. spot Bitcoin ETFs booked a net positive week. The shift, detailed in the market update, shows $197 million in net inflows during the July 6-10 window, snapping an eight-week streak of persistent outflows. The inflow halted a period that had seen consistent weekly redemptions since mid-May, when Bitcoin’s price was grinding lower and macro headwinds curbed risk appetite.

The broader spot crypto ETF complex also showed signs of life. Spot Ethereum ETFs pulled in $84.42 million over the same period, likewise ending their own eight-week outflow run. Flows into smaller products remained fragmented: Solana ETFs collected $930,400 and HYPE ETFs took in $10.36 million, while XRP ETFs saw $7.18 million in net redemptions.

An End to the Prolonged Outflow Streak Eight consecutive weeks of outflows had drained confidence after first-quarter records. The reversal, even if modest, suggests that some investors are starting to re-engage with Bitcoin exposure at lower levels. With BTC trading well off its highs, the inflows could be early signs of bargain hunting or a rotation back into regulated vehicles ahead of potential catalysts.

The timing also aligns with a wave of institutional activity across the digital asset space. Just last week tokenized real-world assets breached the $20 billion mark on-chain, a milestone covered in the Weekly Tokenization Roundup. That broader institutional appetite may be bleeding back into ETF products after a two-month pause.

A Mixed Picture Across Crypto ETFs Not every ETF category shared the rebound equally. While Bitcoin and Ethereum products reversed their outflows convincingly, XRP ETFs continued to lose ground. The divergence may reflect different investor narratives. Ethereum continues to benefit from its dominant position in decentralized finance and developer activity — a trend highlighted in our look at the top blockchains by developer activity this week. Solana also maintained a solid developer base, which could explain its modest ETF inflows. In contrast, XRP’s regulatory overhang and the uncertainty around its legal status may be keeping sidelined capital parked elsewhere.

HYPE, a relatively small player, attracted over $10 million, suggesting that speculative appetite for niche altcoin ETFs hasn’t completely evaporated. But the aggregate numbers still lean heavily toward the two dominant assets.

What Remains Uncertain One week does not make a trend. Summer trading is notoriously thin, and ETF flows can reverse abruptly. The $197 million figure, while psychologically important for breaking the streak, is moderate by historical standards — far below the multi-hundred-million-dollar inflow days of early 2024. Whether the shift represents a genuine bottom or a temporary blip will be tested when the next weekly data arrives.

Regulatory crosswinds also add uncertainty. Days before the Senate is set to vote on the most significant crypto legislation in U.S. history, banking groups are pushing for last-minute changes — a high-stakes fight described in our coverage of the upcoming Senate vote. If the bill passes with provisions that clarify digital asset classification and ETF structural rules, it could strengthen institutional confidence. If it stalls or gets amended unfavorably, the inflow momentum might prove short-lived.

For now, the data point offers a signal that the relentless selling pressure of the past two months has at least paused. The market will watch closely to see whether the July 9-10 weekly close marks the start of a new accumulation phase or just a brief intermission.

AUTHOR

Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.

ETF flows are back in the green, and that gives crypto traders a cleaner demand signal after weeks of nervous positioning. Bitcoin and Ethereum funds recording $282 million in net inflows does not erase the previous selling pressure, but it does show institutions have not stepped away from the market entirely.

That matters because ETF flows have become one of the easiest ways to see whether traditional capital is leaning in or pulling back. Spot prices can move for many reasons. Fund flows are a more direct read on allocator behaviour.

For more details, visit the official Farside platform.

TL;DR Bitcoin and Ethereum ETFs recorded $282 million in net inflows, according to the source pack.The move snapped an outflow streak and suggests allocators are returning after recent volatility.Flows remain important because ETF demand has become one of the clearest institutional signals for crypto markets. Why The Reversal Matters Outflow streaks can create their own narrative. When redemptions keep appearing, traders start to assume institutions are losing interest or reducing risk. A return to inflows pushes against that story.

The significance is especially clear because Bitcoin and Ethereum are both involved. A broader inflow profile suggests the recovery is not limited to one asset or one fund sponsor.

What To Watch Next One strong inflow period does not guarantee a sustained trend. The real test is whether the data continues to improve across several sessions and whether large funds such as BlackRock and Fidelity keep attracting capital.

For now, the flows offer the market a better signal than sentiment alone. After a difficult stretch, buyers are showing up again through regulated products.

Why The Detail Matters Now The practical takeaway is that ETF stories now have to be read through both market structure and product execution. A headline can create attention, but the more durable signal is whether the underlying source points to real activity, a real filing, a real integration, or a measurable change in how users and institutions behave.

That is why this development is worth separating from ordinary market noise. It gives readers a specific point to track over the next few sessions rather than a vague reason to be bullish or bearish. If follow-up data confirms the direction, the story can build. If not, it still gives the market a clearer snapshot of where attention is concentrating today.

The Market Read The cleaner way to read this story is not to force it into a simple bullish or bearish box. For ETF readers, the useful part is the change in context. A new filing, integration, market signal, or regulatory step can alter how traders think about the next few sessions even when it does not instantly change price.

That is especially true after the last few volatile weeks, when crypto has been dealing with a mix of ETF flows, legal updates, exchange listings, protocol upgrades, and shifting liquidity. The market is no longer reacting to one dominant theme. It is weighing several smaller signals at once, and that makes source-backed developments more important than ordinary chatter.

Why Readers Should Keep This On The Radar For NewsBTC readers, the important question is what this changes from here. If follow-up data, filings, governance updates, or wallet movement confirm the direction, the story can develop into a larger market theme. If the next update is weak, delayed, or contradicted by new data, the market may quickly move on.

That is why the scope matters. This article is not treating the development as a guaranteed price trigger. It is treating it as a fresh signal inside a market that is trying to sort durable activity from short-term noise. The distinction is important because crypto narratives can move faster than the facts behind them.

The next thing to watch is whether this becomes part of a wider pattern. In some cases that means more institutional flows. In others it means stronger developer adoption, cleaner regulatory access, deeper exchange liquidity, or a clearer technical roadmap. Either way, the story is strongest if it is followed by measurable execution rather than another round of speculative headlines.

This report is based on ETF flow data from Farside Investors.

This article was written by the News Desk and edited by Samuel Rae.

Iran’s IRGC on Monday said it struck US bases in the Gulf countries, including Kuwait, Bahrain and Jordan, in retaliation for US strikes. Oil prices climbs 5% as Iran declared the Strait of Hormuz closed and escalated the US-Iran war, causing gold, stocks and Bitcoin to tumble significantly.

US-Iran War Escalates, Oil Prices Climbs 5% U.S. Central Command reported on July 13 that US forces struck dozens of Iranian military targets, including air-defense systems, coastal radar sites, missile and drone capabilities, and small boats.

“The Strait of Hormuz is a vital maritime corridor for global trade. Iran does not control it,” CENTCOM stated.

The US launched multiple strikes in the last few days to reduce Iran’s ability to continue attacking international shipping flowing through the Strait of Hormuz.

In retaliation, Iran’s IRGC launched multiple missiles and drones towards US bases across the Middle East, including Jordan, Bahrain, Kuwait, Qatar, and the U.S. Navy Fifth Fleet headquarters in Bahrain.

IRGC claimed it has destroyed fuel and ammunition depots at Prince Hassan Airbase, Jordan, facilities at US 5th Fleet HQ & Sheikh Issa Airbase, Bahrain. Iran forces also destroyed fuel tanks, Patriot air defense systems, and radar at the Ali Salem & Ahmad Al‑Jaber bases in Kuwait, as per Sputnik.

As a result, crude oil prices jumped 5% on Monday amid the Strait of Hormuz’s closure declared by Iran.

BREAKING: US oil prices extend gains to nearly +5% on the day as Iran declares the Strait of Hormuz closed again. pic.twitter.com/5APWlLYsQg

— The Kobeissi Letter (@KobeissiLetter) July 13, 2026

Gold and Bitcoin Prices Fall Gold prices slipped 1.55% to $4,050 lows on Monday, remaining under pressure amid US-Iran war escalation. Silver also plunged almost 3% amid higher oil prices. Notably, Iran rejecting talks with the U.S. is keeping broader markets under pressure, despite President Trump’s claims that Iran wanted to resume talks.

As traditional precious metals react to geopolitical tensions, investors looking to hedge on-chain can learn how to buy tokenized commodities like gold and silver directly from their Web3 wallets.

The latest strikes also sparked jitters among investors as they await key US CPI inflation data due this week for further clues on the US Fed monetary policy outlook. Meanwhile, Fed Chair Kevin Warsh is also scheduled to make his first appearance before the US Congress on Tuesday.

The US 10-year Treasury yields climbed to around 4.60% on Monday, hovering near 7-week highs. The US dollar index (DXY) climbed above 101, putting pressure on Bitcoin prices amid renewed missile strikes between the US and Iran.

Bitcoin price tanked more than 2% in the past few hours, with the price currently trading at $62,769. The 24-hour low and high were $62,806 and $64,340, respectively.

Furthermore, trading volume has increased by 22% in the last 24 hours as traders moved to buy the dip. US futures were also down nearly 2.50% in the past 24 hours.

While volatility continues in the leading cryptocurrency Bitcoin and altcoins, it remains unclear whether the bottom has been reached.

While some analysts argue that the bottom has been reached and the country has entered a consolidation phase, others suggest that further declines are possible.

At this point, the founder of Multicoin Capital, an investment company prominent in the crypto market, claims that the cryptocurrency market has bottomed out. He also expressed optimism regarding Solana Hyperliquid and ZCash.

Speaking on a recent podcast, Tushar Jain stated that the market has reached a significant turning point with its bottom and has entered a recovery phase.

Jain noted that investor sentiment has largely stabilized, but despite increased adoption within the blockchain ecosystem, cryptocurrency prices are lagging behind fundamental indicators.

According to the experienced analyst, this situation is one of the important signs that the market may be preparing for a new bull cycle.

Jain argued that many of the factors necessary for a bull market to begin have simultaneously materialized, describing the current situation as a “perfect storm.” He maintained that this environment could support a strong uptrend in the crypto market in the coming period.

However, Jain also shared the projects he sees as having the most potential in the long term. In this context, he pointed to Solana (SOL), Hyperliquid (HYPE), and Zcash (ZEC), expressing optimism about the long-term growth potential of these altcoins.

Jain stated that Solana is one of the most suitable infrastructures for spot trading and security tokenization, while Hyperliquid has become the clear leader in the on-chain derivatives market, and he expects the platform to continue its growth.

Jain also made noteworthy assessments about Zcash, stating that the project is one of the cryptocurrencies that best represents the “cypherpunk” spirit and arguing that it has the potential to enter the top five cryptocurrencies by market capitalization in the long term.

*This is not investment advice.

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The Signal Before Bitcoin’s 25% Rally Just Flashed: Can It Hold?

‘Crypto Is The Future’Trump shared a candlestick chart of the ETH/BTC pair showing a 1.32% gain to 0.02837, saying, “ETH is pumping hard! Great to see! Crypto is the future…”

Notably, some users were quick to point out how ETH retreated immediately following Trump’s post.

World Liberty Financial, a Trump family-backed cryptocurrency venture, where he is listed as a co-founder, holds roughly $131 million in ETH, according to DropsTab. This makes ETH the second-largest holding in the platform’s portfolio.

Analyst Flags Crucial ResistanceMeanwhile, leading cryptocurrency analyst Ali Martinez announces a conditional long position on Ethereum, entering only if the price breaks $1,850 resistance.

Notably, ETH surged to an intraday high of $1,842 late Sunday evening before pulling back sharply into the upper $1,700 range

What Do Technicals SayThe Moving Average Convergence Divergence indicator, which compares the 12-period and the 26-period exponential moving averages, flashed a “Buy” signal for ETH, according to TradingView.

Conversely, the Stochastic Oscillator, which measures the position of an asset’s current closing price relative to its highest and lowest prices over a set number of periods, signaled a “Sell.”

Price Action: At the time of writing, ETH was exchanging hands at $1,805.05, up 0.02% over the last 24 hours, according to data from Benzinga Pro.

Photo courtesy: Maxim Elramsisy / Shutterstock.com

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Michael Saylor and Adam Back came out against the anti-spam soft fork days before an early-August activation deadline it appears certain to miss.

Posted July 12, 2026 at 9:33 pm EST.

Strategy founder Michael Saylor and Blockstream co-founder Adam Back have come out against BIP-110, a proposal to temporarily restrict non-financial data such as NFTs and similar data on the network, weeks before an activation deadline it is on track to miss entirely.

Saylor said in a Saturday post that there are “110 things more dangerous to Bitcoin than spam” and wrote that the measure “turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions,” calling the precedent the real danger. “We should save our energy for threats that really matter,” he concluded.

Back, whose Hashcash work is cited in the Bitcoin white paper, said in his own post that “Bitcoin respectfully says ‘no’ to what you want,” telling the proposal’s backers their recourse is to group together and fork away, but that “bitcoin won’t be joining it.” He added, “the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money.”

The ‘Spam’ vs Censorship Resistance Debate Formally titled the Reduced Data Temporary Soft Fork, BIP-110 is an attempt to block the paths that Ordinals, inscriptions, and token schemes like BRC-20s use to put images and metadata onchain.

The way it would accomplish that is to tighten, for one year, the ways Bitcoin transactions can carry data, capping the OP_RETURN data field, blocking most arbitrary data chunks above 256 bytes, and limiting script formats used mainly for storage. Supporters say the limits keep Bitcoin focused on payments and ease the load on node operators.

The fight is the latest front in a long-running clash over what Bitcoin’s block space is for, the same tension behind the rift between the Bitcoin Core and Knots node software and Bitcoin Core’s move to expand OP_RETURN capacity in its version 30 release.

No Community Support What sets BIP-110 apart is how little support it has. It proposes to be adopted by a user-activated soft fork, in which nodes enforce a rule by rejecting blocks by miners that do not follow it. Rather than the typical 95% signaling threshold, it proposes a 55% bar.

Even at that lower threshold, miner signaling has been hovering around 1%, despite the fact that miners have been able to signal support for the soft fork since March, according to the BIP-110 signaling monitor. Node adoption still sits in the low single digits, carried mostly by Bitcoin Knots.

Developer Jameson Lopp has called the proposal “reckless” and “doomed to fail,” warning that the low threshold raises the odds of a chain split. With the deadline set for no later than block 963,648, which is expected to be reached in early August, a rule enforced by a nominal percentage of nodes and almost no miners would not change Bitcoin for everyone. It would splinter off a minority chain.

Related Listen: Why Saylor’s ‘Inoculate’ Comment May Be a Signal He’ll Sell More Bitcoin

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

US-listed spot Bitcoin exchange-traded funds recorded a net inflow of $197.4 million in the week ended Friday, snapping an eight-week streak of weekly outflows dating back to May.

Data from Farside Investors shows that most of the week’s gains came from the BlackRock iShares Bitcoin Trust ETF, which recorded $291.9 million in inflows. This was offset by outflows from the Grayscale Bitcoin Trust ETF, the Fidelity Wise Origin Bitcoin Fund and the ARK 21 Shares Bitcoin ETF. 

The end of the outflow streak could suggest institutional demand for Bitcoin is recovering after two months of sustained selling pressure. However, analysts say it’s too early to tell.

“While one week of inflows doesn’t define a trend, it comes at a time when institutional confidence is growing around the potential passage of the CLARITY Act in the US in August next month,” Monochrome Asset Management founder and CEO Jeff Yew told Cointelegraph.

“This could be an early indication that institutions are beginning to position ahead of greater regulatory certainty, which is often what long-term capital allocators look for.”Meanwhile, 10x Research founder and CEO Markus Thielen said ETF and stablecoin outflows and seasonality in August and September remain headwinds.

“There's also been a pattern over the past few months where Bitcoin performs better in the first half of the month, then consolidates in the latter half. Without flows still pronounced and ETF flows yet to meaningfully pick up, even after Bitcoin's 9%+ jump, the headwinds remain in our view.”

The $197.4 million weekly inflow was modest compared with the $8.26 billion investors withdrew since May 11. 

Total spot Bitcoin ETF net inflow. Source: SoSoValue

Last week, Real Vision chief crypto analyst Jamie Coutts told Cointelegraph that Bitcoin could be entering the latter stages of the bear market, based on early technical signs suggesting that selling pressure is easing. 

“I think we're getting through most of the bear market action. It's still not over, clearly. But you know, I think we're approaching at least the second half,” Coutts said. 

Other analysts say there could be further downsides ahead. 

Russell Thompson, chief investment officer at asset manager Hilbert Capital told Cointelegraph last week that he believes Bitcoin remains in a downcycle and could hit a low around October this year. 

Ether ETFs also break outflow streakMeanwhile, US-listed spot Ether ETFs also broke their eight-week losing streak, with $84.42 million in net inflows for the week ended Friday, led by BlackRock and Fidelity’s Ether funds. 

The inflows paled in comparison with the $1.2 billion in net outflows since May 11. 

Magazine: Has Bitcoin bottomed for this cycle? Analysts say 'not yet'

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.

Michael Saylor: Wallets, Nodes and Miners in Dynamic Balance Jointly Build the Bitcoin Network

Strategy founder Michael Saylor posted on X that Bitcoin is an evolving network system in which the influence of wallets is determined by the quantity of satoshis held, the importance of nodes is conferred by commercial activity, and miners are weighted by hash power, together building an ecosystem that maintains a dynamic balance between capital, consensus and security.

A Certain Address Bought CASHCAT with a Small Bet, Took Profits and Sold Out Entirely, Achieving a Return of 1211.4%

Another friend on Robinhood Chain who bet small to win big has taken profits. Address 0xae0…72b92 bought $1,190 worth of CASHCAT six days ago at a low price of $0.00664 and sold it all eight hours ago at $0.17585, ultimately pocketing a profit of $14,400 and an eye-popping return of 1211.4%.

CryptoQuant: Bitcoin Short-Term Holder Buying Pressure Still Dominant; ETF Inflows Return but Cannot Confirm Trend Reversal

CryptoQuant analyst Axel Adler stated in a post that his newly launched “Bitcoin STH Realized Pressure Model” shows that buying and selling pressure among short-term holders (STH) is cooling slightly, but buying power still holds the lead. The model measures changes in market bullish and bearish forces by comparing short-term holders’ realized buy pressure and sell pressure. During bear market phases, the metric can serve as a contrarian signal: when prices approach local lows, buyers are usually more active; near local highs, selling pressure tends to rise. Over the past 24 hours, the model has not yet flashed a trend-switch signal. The latest hourly data shows a buy pressure score of 28.57, slightly down from 28.98 the day before; the sell pressure score is 22.62, a small dip from 22.68. Currently, buyers still lead sellers by about 5.94 percentage points. Overall, market buying pressure has cooled somewhat, but short-term holders still maintain the upper hand. Meanwhile, Bitcoin ETF market flows have improved slightly. Against a backdrop of eight consecutive weeks of outflows, the ETF market recently recorded about $197.4 million in net inflows. However, Adler noted that this scale is insufficient to confirm a reversal in institutional demand trends. The ETF 30-day flow momentum remains deeply negative at approximately -$4.73 billion, and cumulative capital has dropped from a peak of around $62 billion to roughly $51 billion, indicating a short-term improvement in flows but not yet a full recovery of sustained institutional buying demand. Axel Adler expects a host of key data and events next week, including further developments in the Middle East, the impact of escalating US-Iran tensions on energy supplies, US mega-bank earnings, a speech by Fed Chair Powell, the June Consumer Price Index (CPI), University of Michigan Consumer Sentiment Index, retail sales, and housing market data.

CZ Donation Address Burns 700 Million CZ and 400 Million TCC

The CZ donation address burned 700 million CZ and 400 million TCC tokens. Both tokens have now seen varying degrees of price increases as a result of the burn.

Possibly Affected by CZ Donation Address Burn, TCC Spikes 103% and CZ Spikes 302% in the Short Term

The CZ donation address previously burned 70% of the CZ “chips” and 40% of the TCC “chips.” Possibly influenced by this, TCC spiked 103% and CZ spiked 302% in the short term.

Serenity: Amplifying Technical Details to Short Tech Giants Is Evolving into a New Traffic Strategy

“White-Haired Stock God” Serenity posted that a new type of “short-selling playbook” targeting trillion-dollar market cap tech companies like Nvidia and TSMC has recently emerged in the market: certain views deliberately magnify issues in specific technical or supply chain links, and then extrapolate to the conclusion that an entire project will be delayed or even that the business has hit a setback. Such operations often place companies in a dilemma: if the company chooses not to respond, the statements may negatively affect the stock price and market sentiment; if the company steps up to clarify, it is difficult to disclose too many details because supply chain information usually involves trade secrets, and external doubts may not necessarily disappear. Serenity further stated that under the current social media environment and traffic incentive mechanisms, this model of creating controversy and magnifying partial problems to capture attention is being replicated by more and more people, and its long-term development trend deserves market vigilance.

Data: Tokens Like DBR, ARB, YZY to See Large Unlocks Next Week, DBR Unlock Worth About $10.1 Million

Token Unlocks data shows that tokens such as DBR, ARB, and YZY will undergo large unlocks next week, among which: deBridge (DBR) will unlock approximately 618 million tokens on July 17 at 8:00 AM Beijing time, representing roughly 11.4% of circulating supply, worth about $10.1 million; Arbitrum (ARB) will unlock approximately 92.65 million tokens on July 16 at 9:00 PM Beijing time, roughly 1.65% of circulating supply, worth about $8.5 million; YZY (YZY) will unlock approximately 20.83 million tokens on July 17 at 11:00 AM Beijing time, roughly 4.1% of circulating supply, worth about $6.1 million; Starknet (STRK) will unlock approximately 127 million tokens on July 15 at 8:00 AM Beijing time, roughly 3.74% of circulating supply, worth about $3.9 million; Sei (SEI) will unlock approximately 55.56 million tokens on July 15 at 8:00 PM Beijing time, roughly 0.91% of circulating supply, worth about $2.8 million.

Analysis: Stablecoin Total Market Cap Has Shrunk by About $10 Billion from May Peak, but Long-Term Growth Trend Remains Intact

The stablecoin market experienced its largest pullback in recent years in June, with total market cap declining by $7.7 billion during the month, the biggest single-month drop since the Terra-Luna collapse in May 2022. Since the peak in May, the stablecoin market has cumulatively shrunk by approximately $10 billion, a total size decline of around 3%. The two largest stablecoin issuers were the main drivers of this pullback. USDT issued by Tether saw its market cap fall from roughly $190 billion in May to $184 billion, a decline of about $6 billion; USDC issued by Circle retreated from a high near $80 billion in March 2025 to approximately $73 billion, shrinking by roughly $7 billion. Compared with the cumulative decline of more than 26% in the stablecoin market during the crypto winter of 2022, however, this round of adjustment remains relatively mild. Data shows that from March 2022 to September 2023, the total market cap of major stablecoins dropped from about $166 billion to $122 billion, during which the TerraUSD crash, FTX bankruptcy and the failure of multiple crypto lending institutions severely hit market liquidity. Despite overall market pressure, the competitive landscape of the stablecoin industry is changing. As regulatory advances such as the US GENIUS Act push stablecoins toward payment and settlement use cases, more issuers are entering the fray. The circulation of USDG, issued by Paxos and supported by institutions such as Robinhood, has surpassed $3.2 billion, while the circulation of USDGO, launched by Anchorage Digital and Hong Kong’s OSL Group, has nearly doubled to $900 million. Wall Street institutions remain bullish on the long-term outlook for stablecoins. Citi previously estimated that the global stablecoin market could reach $1.9 trillion in a base-case scenario and $4 trillion in a bull-case scenario by 2030; Standard Chartered forecasts that the stablecoin market will grow to $2 trillion by 2028. Analysts note that stablecoin supply growth has historically been a key driver of crypto bull markets, and the current overall contraction in supply means less new liquidity on-chain. Without new demand for capital, the difficulty of sustaining upward momentum for crypto assets may increase.

Trump: The Strait of Hormuz Is Open

U.S. President Trump stated that the Strait of Hormuz is open.

Fidelity: Bitcoin enters long-term value observation zone, short-term reversal still requires liquidity return

Fidelity Global Macro Head Jurien Timmer stated that Bitcoin is approaching the bottom support line of its long-tracked "Power Law" model, which has been used since 2015 to analyze Bitcoin price cycles and has captured several major market bottoms. Jurien Timmer's Power Law model is built on Bitcoin's complete price history, divided into three curves on logarithmic coordinates: an upper resistance line, a middle trend line, and a lower support line. According to the latest chart, this long-term support level currently sits around $58,000, while Bitcoin's current price is about $62,700, gradually nearing that area. Another indicator in the model shows Bitcoin's current trading price deviates from the power law trend line by roughly -56%, entering what the model defines as the "Accumulation Zone." This level previously corresponded to market bottom areas in 2018 and 2022. Additionally, Bitcoin's 52-week performance ratio relative to gold has also pulled back sharply, now at around -100%. However, Jurien Timmer did not confirm that the market has bottomed. He noted that the speculative premium which pushed Bitcoin above $120,000 last year has largely faded, while global money supply growth is slowing. The market still lacks a key catalyst to drive a price reversal. Bitcoin may oscillate near the long-term support line for months rather than staging a quick rebound. Short-term capital has already exited, and capital flows have rotated from Bitcoin to gold, and then from gold to the semiconductor sector. Currently, the market's hot pursuit is mainly concentrated in semiconductors.

A whale deposits $107 million in assets on HyperLend, borrows $70.94 million and stakes HPL to reduce fees

A whale recently deposited approximately $107.21 million in assets into HyperLend and borrowed around $70.94 million against them. The address's current collateral includes about 1.56 million $kHYPE and has borrowed about 1.06 million $WHYPE, with a Health Factor of 1.31, at a leverage level that warrants attention. Additionally, the whale staked 12,305 $HPL tokens, expected to save roughly $68,000 in fees annually. Approximately $39,100 in fees have already been saved. Analysts believe this large-scale borrowing operation demonstrates that some funds are using on-chain lending protocols to improve capital efficiency while leveraging protocol incentive mechanisms to lower capital costs.

A Bitcoin whale dormant for seven years moves 2,931 BTC, worth about $188 million

A Bitcoin whale address that had been dormant for seven years has moved 2,931 BTC (worth $188 million) to a new address. If these bitcoins are sold, the address stands to gain an investment return of about 10x.

Thai banks require proof of source for individual cash deposits exceeding 5 million baht and strengthen stablecoin transaction monitoring

Thailand will require individuals to verify the source of funds when depositing more than 5 million baht (about $150,000) in cash. This intervention expands commercial banks' compliance responsibilities across cash networks, large currency exchanges, precious metal trading, and suspicious stablecoin transactions, directly preventing regulated entities from facilitating systemic corruption or the shadow economy. Additionally, Thailand's central bank and the Securities and Exchange Commission (SEC) are jointly conducting audits, with a focus on Tether (USDT), to identify and block illicit fund flows. The crackdown also includes strengthening controls over precious metal trading, requiring banks to report suspicious patterns, such as rapid digital purchases and same-day physical withdrawals, to combat money laundering.

SpaceXAI and Starlink official X accounts suspected hacked, retweeted a meme coin then Rug Pull, tweets now deleted

The official X accounts of SpaceXAI and Starlink retweeted a Robinhood Chain meme coin. The posting accounts were suspected compromised and marked as "associated with SpaceX." The token quickly surged to a $2 million market cap before an immediate Rug Pull. The relevant repost has now been deleted.

Hacker who breached SpaceXAI and Starlink official X accounts made a total of $135,000

A hacker issued a token named $SCATMAN and promoted it after compromising the official X accounts of SpaceXAI and Starlink. The hacker then dumped all 10 trillion $SCATMAN minted for 59 ETH (about $108,000). Another wallet controlled by the hacker also sold 59.28 million $SCATMAN for 14.7 ETH (about $27,000). The hacker made a total profit of roughly $135,000.

Empery Digital Inc. (NASDAQ: EMPD) has substantially trimmed its cryptocurrency reserves. The Nasdaq-listed firm recently offloaded approximately 1,400 BTC, generating gross proceeds of about $87.1 million. This transaction, executed since early May at an average sale price of roughly $62,200 per coin, represents nearly half of the company’s prior Bitcoin position.

Following the sales, Empery Digital’s holdings stand at 1,514 BTC as of July 10, valued at approximately $96.5 million amid prevailing market conditions.

The company also reports holding around $73.9 million in cash reserves while maintaining $45 million in outstanding debt obligations.

Management has outlined clear allocations for the freshly raised capital.

A portion—specifically $10 million—was directed toward retiring a segment of existing debt on July 7.

The balance supports several key initiatives, including a previously disclosed real estate transaction valued at $65 million.

This deal involves securing a 25% interest in an entity acquiring a Midwest property slated for transformation into a high-capacity AI data center, with potential expansion from 150 megawatts to 300 megawatts.

Additional funds will cover elevated legal expenditures linked to ongoing shareholder litigation and sustain day-to-day corporate activities.

This development signals a strategic pivot for Empery Digital, which rebranded and embraced a Bitcoin-centric treasury approach in 2025.

Originally focused on aggregating digital assets as a core holding, the firm is now broadening its scope to encompass AI infrastructure and energy-related ventures.

Executives have highlighted the data center opportunity as particularly compelling, citing features like tenant-supported development.

In tandem with these changes, the company is updating its public reporting tools, moving away from a Bitcoin-exclusive focus to better reflect its diversified interests.

The decision comes against a backdrop of broader trends in corporate crypto management.

Several prominent Bitcoin treasury operators have begun viewing their digital asset stockpiles as flexible liquidity tools rather than static long-term stores of value.

This approach allows firms to navigate debt commitments, pursue growth opportunities, and manage operational demands without solely relying on traditional financing.

Empery had previously signaled that selective Bitcoin dispositions might occur as part of its capital strategy, consistent with disclosures in earlier regulatory filings.

Market reaction to the announcement has been relatively measured, with the company’s shares showing modest gains in recent trading sessions.

This sale underscores the balancing act public companies face: leveraging Bitcoin’s volatility and upside potential while ensuring sufficient liquidity for obligations and expansion.

As Empery transitions toward hybrid operations in digital assets and AI infrastructure, observers will watch closely to see how this recalibration influences its performance and shareholder value.

The move also highlights ongoing challenges in the sector, such as legal pressures and the capital intensity of new tech infrastructure projects. While Bitcoin remains a material asset on the balance sheet, its role appears to be evolving from primary focus to strategic enabler.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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TLDR: Bitcoin ETFs attracted $197.4 million and ended an eight-week withdrawal streak, although the inflow recovered only a small part of earlier losses. BlackRock’s IBIT recorded $291.9 million in weekly inflows, while Grayscale, Fidelity and ARK funds experienced combined investor withdrawals. The category lost about $8.26 billion during the prior eight weeks, leaving analysts cautious about declaring a lasting institutional demand recovery. Weak trading volumes and the July 14 U.S. inflation report could determine whether the latest ETF inflows develop into a broader allocation shift. U.S.-listed Bitcoin ETFs attracted $197.4 million in weekly net inflows, ending eight straight weeks of withdrawals. The reversal arrived as Bitcoin recovered from recent lows, yet the latest total remains small compared to earlier losses.

Investors removed about $8.26 billion from the funds after May 11. BlackRock’s IBIT supplied most of the new capital, while several competing products recorded redemptions.

The shift offers the first positive weekly signal since early May. Still, muted trading activity and uneven daily flows leave institutional demand difficult to judge. Tuesday’s U.S. inflation report may decide whether the improvement gains momentum or fades quickly.

Bitcoin ETFs Gain $197M as BlackRock Leads Weekly Flows Farside Investors data shows Bitcoin ETFs opened the week with $265.7 million in net inflows. Demand then slowed to $21.5 million on Tuesday.

Source: SoSoValue Combined withdrawals reached about $180.2 million across Wednesday and Thursday. Friday’s $90.4 million inflow kept the weekly result positive.

BlackRock’s iShares Bitcoin Trust recorded $291.9 million in weekly inflows. That amount exceeded the category’s final net gain.

Grayscale’s GBTC lost roughly $108.2 million, while Fidelity’s FBTC shed about $93.4 million. ARK 21Shares’ ARKB also posted a weekly outflow near $15.3 million.

The concentration shows that demand did not improve across every product. Instead, investors favored selected funds while reducing exposure elsewhere.

Bitcoin ETFs recovered only about 2.4% of the $8.26 billion withdrawn during the previous eight weeks.

That gap limits claims of a broad institutional comeback. One positive week can mark an early shift, but sustained allocations would offer stronger evidence. Daily data also showed that buyers stepped back after Monday’s strong opening.

Ether funds displayed a similar pattern. U.S. spot Ether ETFs attracted $84.4 million and ended their own eight-week withdrawal streak.

Those products had lost around $1.2 billion over the prior period. The two categories recorded a combined weekly inflow of $281.8 million.

Low Trading Volumes Keep Institutional Recovery in Doubt Trading activity remained weak despite the return of capital. Weekly Bitcoin ETF volume reached about $84.1 billion, the lowest normal five-day total since October 2025.

Ether ETF turnover fell to $20.5 billion, its weakest reading since May 2025. Lower volume suggests many investors still prefer to wait for firmer market direction. Bitcoin ETFs also remain down roughly $5.34 billion during 2026.

Ether funds show about $1.35 billion in yearly net outflows. Bitcoin’s recent price rebound has not yet produced consistent ETF demand. The funds posted sizable midweek redemptions despite ending the week in positive territory.

That split supports the view that portfolio managers remain selective rather than fully risk-on. Bitcoin ETFs may need several positive weeks before the trend signals renewed institutional allocation.

Seasonal conditions may add pressure. August and September often bring weaker trading conditions, while recent Bitcoin gains have tended to fade later in the month.

The next major test arrives with the June U.S. Consumer Price Index on Tuesday, July 14. The Bureau of Labor Statistics will release the report at 8:30 a.m. Eastern Time.

A softer reading could support risk assets and extend ETF inflows. A hotter figure could revive rate concerns and encourage another round of redemptions.

US-listed Bitcoin exchange-traded funds (ETFs) attracted $197.4 million in net inflows for the week, breaking an eight-week stretch of continuous withdrawals. The inflow comes after Bitcoin rebounded from recent lows, but the amount represents only a small recovery compared to losses seen in previous weeks.

BlackRock dominates new inflows, while others see redemptionsBlackRock’s iShares Bitcoin Trust (IBIT) led the weekly inflow, drawing in $291.9 million. BlackRock is a global investment management corporation recognized as one of the world’s largest asset managers.

While IBIT gathered significant capital, rival funds experienced outflows. Grayscale’s GBTC lost approximately $108.2 million, Fidelity’s FBTC faced redemptions of about $93.4 million, and ARK 21Shares’ ARKB saw weekly outflows near $15.3 million.

This mixed performance demonstrates that investors favored particular products, focusing their allocations rather than returning broadly to the category.

Since May 11, investors had pulled around $8.26 billion from US Bitcoin ETFs. The latest $197.4 million inflow recoups just 2.4% of these earlier withdrawals, signaling only a tentative return of institutional interest.

Despite BlackRock’s momentum, the broader group “recovered only about 2.4% of the $8.26 billion withdrawn during the previous eight weeks.” The discrepancy led analysts to urge caution before declaring a solid institutional comeback.

Daily flows highlighted the fragile recovery. The week started strongly with $265.7 million in net inflows, then slowed sharply to $21.5 million the following day. Combined outflows of $180.2 million were recorded across Wednesday and Thursday, while Friday’s $90.4 million inflow helped secure a positive weekly total.

ETF ProductWeekly Net FlowBlackRock IBIT+$291.9 millionGrayscale GBTC– $108.2 millionFidelity FBTC– $93.4 millionARK 21Shares ARKB– $15.3 millionEther funds follow similar trendUS-listed spot Ether ETFs mirrored the reversal seen in Bitcoin funds, recording $84.4 million in weekly inflows. This ended their own eight-week outflow streak, though these products had lost roughly $1.2 billion over the earlier period. Combined, Bitcoin and Ether spot ETFs attracted $281.8 million in new capital throughout the week.

Mini dictionary: Spot ETF, an exchange-traded fund that invests directly in the underlying cryptocurrency instead of using futures contracts or derivatives.

Muted volumes and upcoming US inflation report keep outlook in questionWeekly trading volumes in Bitcoin ETFs reached $84.1 billion, marking the lowest normal five-day total since October 2025. For Ether ETFs, turnover dropped to $20.5 billion, the weakest level since May 2025. Analysts point to these muted activity levels as signs that many investors remain cautious and are waiting for clearer direction before allocating new capital.

Despite this week’s inflows, Bitcoin ETFs are down roughly $5.34 billion for the year, while Ether funds have seen net outflows of about $1.35 billion in 2026. The price rebound in Bitcoin has yet to spark consistent ETF demand, as sizable midweek redemptions offset gains early in the week. Analysts noted that many portfolio managers remain selective, rather than shifting broadly to risk assets.

“Bitcoin ETFs may need several consecutive weeks of positive flows before a genuine institutional allocation trend is established,” several analysts observed as activity cooled through the week.

Seasonal factors could also weigh on the outlook, as August and September typically bring weaker trading conditions, and Bitcoin’s recent rallies have often faded by the end of the month.

A key development comes on July 14, when the Bureau of Labor Statistics releases the June US Consumer Price Index (CPI) report. The result is expected to influence sentiment in both ETF flows and broader risk markets. Market participants are watching whether a softer inflation reading could boost risk-taking and prolong capital inflows, or if elevated inflation might drive renewed outflows from crypto ETFs.

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.

https://tariosultan.com/blog/bitcoin-billionaire-michael-saylor

Robinhood’s launch of its Layer-2 solution, Robinhood Chain, has reportedly sparked optimism for Ethereum, as the platform promises to expand decentralized finance (DeFi) access and tokenize real-world assets using ETH as the native gas token. This development is seen as supportive of Ethereum’s role as a settlement and gas layer, potentially increasing demand for ETH. Meanwhile, Michael Saylor, CEO of Strategy, has stirred the market by suggesting a potential sale of Bitcoin to support dividends, marking a shift from his “never sell” stance. Strategy recently confirmed this shift by selling $216 million worth of Bitcoin.

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The news about Robinhood’s Layer-2 solution is believed to have broader implications, potentially influencing Bitcoin markets as well. Market participants are considering the possibility that positive developments in Ethereum may correlate with upward trends in Bitcoin’s price. Currently, prediction markets indicate a strong likelihood of Bitcoin prices exceeding $56,000 by July 13, suggesting confidence among participants regarding this threshold.

Key Takeaways Robinhood’s Layer-2 launch appears to bolster Ethereum optimism, with potential implications for increased ETH demand. Michael Saylor’s indication of a possible Bitcoin sale suggests a strategic shift, contrasting with his previous “never sell” stance. Current market pricing implies strong confidence in Bitcoin exceeding $56,000, consistent with broader positive sentiment driven by Ethereum developments. What to Watch Future developments in Ethereum’s adoption and DeFi expansion could further influence market sentiment, potentially affecting Bitcoin pricing as well. Market participants will be closely watching any additional announcements from Robinhood regarding the integration and usage of their Layer-2 solution. Additionally, Michael Saylor’s actions and statements regarding Bitcoin holdings remain a critical factor for market sentiment, especially in light of potential future sales.

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Term Structure

Contract Odds Δ since publish Volume 24h July 13 2026 99.9% — — View market → July 13 2026 99.5% — — View market → July 13 2026 94.4% — — View market → July 13 2026 0.1% — — View market → July 13 2026 0.1% — — View market → July 13 2026 0.1% — — View market → July 13 2026 43.5% — — View market → July 13 2026 3.3% — — View market → July 13 2026 99.7% — — View market → July 13 2026 99.9% — — View market →

A busy week lies ahead on the US economic calendar with a raft of inflation data, while tensions are mounting again in the Middle East.

Crypto markets have largely held on to gains over the weekend, but were looking a little shaky on Monday morning as traders digested the latest developments between the US and Iran.

The US has launched several waves of strikes on Iran over an Iranian attack on another container ship in the Strait of Hormuz. Iran has declared the Strait closed, while President Trump said otherwise.

Meanwhile, some heavy inflation reports could further rattle sentiment and add to the volatility as the bear market drags on.

“Q2 2026 earnings season has arrived, and Strait of Hormuz tensions are mounting again,” said the Kobeissi Letter.

Economic Events July 13 to 17 US Central Command reported on Monday morning that forces began launching more strikes against Iran “to continue degrading their ability to attack civilian mariners and commercial ships freely transiting the Strait of Hormuz.”

Crude oil prices were up around 4%, with WTI and Brent hitting $74.50 and $79, respectively, while US stock futures opened slightly lower.

June’s Consumer Price Index (CPI) inflation data is due on Tuesday, which could add to the market volatility. This is followed by the Producer Price Index (PPI) data out on Wednesday, measuring wholesale inflation.

Year-on-year measures for both headline CPI and PPI are expected to rise by 3.8% and 6.2%, respectively, reported Yahoo Finance. Rising inflation will put more pressure on the Federal Reserve to hike rates, which is bad news for risk-on assets such as crypto. The escalation of military action in the Middle East is also not good for dampening inflation concerns.

You may also like: Bitcoin’s Recovery Gains Momentum, Putting July Off to a Strong Start Report: AI, Warsh, and Geopolitics Break Bitcoin Correlation With Stocks and Gold Bitwise Report: Crypto Fundamentals Are Getting Stronger Despite Third Straight Negative Quarter June Retail Sales data and July Philly Fed Manufacturing Index reports are due on Thursday, followed by July’s Michigan Inflation Expectations and Consumer Sentiment reports on Friday.

Key Events This Week:

1. Markets React to Strait of Hormuz Closure – Today, 6 PM ET

2. June CPI Inflation data – Tuesday

3. June PPI Inflation data – Wednesday

4. June Retail Sales data – Thursday

5. July Philly Fed Manufacturing Index – Thursday

6. July MI Inflation…

— The Kobeissi Letter (@KobeissiLetter) July 12, 2026

Several Wall Street banks and finance giants are reporting Q2 earnings this week, including JPMorgan Chase, Goldman Sachs, Bank of America, Wells Fargo, and Citibank on Tuesday, followed by Morgan Stanley and BlackRock on Wednesday.

Crypto Market Outlook Total market capitalization has remained steady over the weekend, hovering around $2.26 trillion with a very minor dip on Monday morning after the latest airstrikes.

Bitcoin had held ground just above $64,000 for the past 12 hours or so but dipped to $63,400 during early trading, where it remains at the time of writing.

Ether prices fared a little better, holding above $1,800 for most of the past day following a 15% gain over the past fortnight. Escalation of conflict and higher inflation this week could send both much lower.

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Cover image via depositphotos.com 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.

Following a violent selloff that drove the price of the cryptocurrency from the $82,000 range to $59,000, it is now trying to stabilize. Although Bitcoin has recently risen above $64,000, the larger technical structure is still negative. The recovery from the local bottom established in early July is the most noteworthy development. In the vicinity of the $58,000-$60,000 support area, buyers intervened forcefully, averting a further decline and creating a string of higher lows. 

BTC/USDT Chart by TradingViewAfter weeks of weakness, the RSI has recovered above 50, indicating that momentum is progressively improving. But there is still a lot of overhead resistance for Bitcoin. The current price action is directly below the 50-day EMA at $64,800, which has already begun to function as a ceiling. 

Beyond that, bulls must overcome a stacked resistance structure created by the 100-day EMA at $68,700 and the 200-day EMA at $74,800 before any significant trend reversal can be confirmed. Additionally, during the recovery, volume has remained comparatively muted, indicating that institutional conviction is still incomplete. 

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For the time being, the move is more akin to a relief rally than the start of a new bullish cycle. A move toward $68,000-$70,000 is more likely if Bitcoin can secure a breakout above the 50-day EMA. If this is not achieved, the $60,000 support area may be tested once more. 

Dogecoin's active battleWith the asset trading close to $0.073 and displaying few indications of a long-term recovery, Dogecoin is still struggling under intense bearish pressure. The chart clearly shows a months-long downward trend. With the 50-day EMA at roughly $0.084, the 100-day EMA near $0.091, and the 200-day EMA above $0.106, DOGE is still below all major moving averages. 

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This alignment demonstrates that the market is still dominated by sellers. Following the recent decline toward $0.071, there was a brief attempt at a rebound, but buyers were unable to muster enough momentum to overcome the surrounding resistance. Earlier this month, the rejection close to the 50-day EMA confirmed the current trend's weakness. The fact that the RSI is still close to 35, which puts DOGE near oversold territory, is one positive sign. 

DOGE/USDT Chart by TradingViewThese readings have historically frequently preceded brief relief rallies. However, oversold conditions alone do not guarantee a reversal, particularly when overall market sentiment is still unstable. At $0.070, the crucial support is still present. If that level is lost, DOGE may be subject to additional selling pressure. Bulls must first recover $0.080 on the upside before a more significant recovery can be discussed. 

While Dogecoin is still one of the weaker large-cap assets in the market and is still looking for a solid bottom, Bitcoin is currently exhibiting early indications of stabilization. 

Shiba Inu bulls aren't in controlShiba Inu is still stuck in a long-term downtrend, and there is little indication from recent price movement that bulls are prepared to take back control. SHIB is currently trading at $0.0000043 after breaking down from a rising wedge formation that formed between March and May, and then entered another leg lower. 

The technical picture is still weak. With the 50-day EMA serving as immediate resistance around $0.0000045 and the 100-day and 200-day averages significantly higher, SHIB trades below all major moving averages. Sellers continue to benefit from this stacked bearish structure. The apparent stabilization close to the $0.0000040 support area is one noteworthy development. 

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Throughout the past few weeks, buyers have repeatedly defended this level, averting a total collapse. Nevertheless, every attempt at a recovery has resulted in lower highs, indicating a lack of confidence among market participants. During rebounds, volume has also not increased significantly. 

This implies that the recent increase is mostly technical rather than the result of new money entering the asset. Despite the slight recovery from local lows, the RSI is still below 40, indicating weak momentum. Bulls must recover the 50-day EMA and establish support above $0.0000045 in order for SHIB to improve its outlook. 

The next significant resistance zone, the $0.0000050 region, could be reached with such a move. SHIB continues to be on the defensive until that time. The trend still favors caution over aggressive accumulation, even though the market appears to be looking for a bottom. 

Zcash's best performanceAfter its remarkable surge earlier this year, Zcash is still among the best-performing larger-cap altcoins. ZEC has maintained an exceptionally robust technical structure in spite of the considerable volatility brought on by the inflation bug incident and the ensuing market reaction. 

With the 50-day EMA close to $464, the 100-day EMA close to $475, and the 200-day EMA close to $392, the asset currently trades above all major moving averages. This alignment shows that long-term buyers are still active and is typically associated with robust uptrends. ZEC spent several weeks consolidating between $380 and $500 after correcting from highs close to $700. 

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The consolidation phase may be coming to an end, according to the recent breakout above the 50-day and 100-day moving averages. The crucial $540 resistance level, which has repeatedly rejected advances since June, is now being approached by the price. Moreover, momentum is increasing. With the RSI rising above 60 without entering overbought territory, there is potential for further gains if buying pressure persists. Relative strength is the primary distinction between ZEC and many other altcoins.

Zcash has successfully recovered the major moving averages and is creating a string of higher lows, even though a large portion of the market is still below them. A move toward $600 becomes more likely if buyers are able to surpass $540. The overall structure remains bullish unless ZEC drops back below the $460-$470 support range. Failure to break resistance could lead to another period of consolidation.

Michael Saylor Hints at Another Bitcoin Move for Strategy: Buy or Sell?

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The United States launched fresh strikes on Iran on Sunday, marking the third military action in a single week, and Tehran has reportedly closed the Strait of Hormuz once again. Yet crypto traders barely lifted an eye. Bitcoin and Ether were little changed in early weekend trading, according to the CoinDesk market update. The absence of a flight to on-chain assets suggests a maturing market that is no longer easily spooked by headline conflict.

The blockade of the world’s most critical oil chokepoint would normally rattle risk assets and send safe-haven bids surging. Instead, Bitcoin hovered near its recent range, and Ether moved less than a percent in either direction. Liquidity remained thin in the weekend offshore session, but the overall posture was calm. That flatness is itself a signal.

Why Crypto Yawned at a Strait of Hormuz Closure Historically, attacks on Iran and threats to Gulf shipping lanes have set off sharp moves across commodities, currencies, and occasionally crypto. The last time Tehran made good on a Hormuz closure, in 2025, Bitcoin spiked 4% in under two hours before pulling back. This time the script flipped. The escalation was already priced into a market that has grown numb to geopolitical whip-saws, and institutional flows that once might have shifted toward Bitcoin in a panic are now driven by structured products and regulated gateways.

Another factor is the dollar. When tensions around the Strait of Hormuz drive oil prices higher, the greenback often strengthens, counterbalancing any flight-to-quality bid for the largest cryptocurrency. With Bitcoin and Ether increasingly trading like large-cap tech proxies, a deflated VIX and steady DXY kept on-chain assets in check despite the military headlines.

Institutional Silence and the New Safe-Haven Question The muted reaction also points to changing ownership structures. Spot ETF flows in the U.S. and Asia have concentrated holdings among funds that rebalance on calendars, not panic. Weekend surveillance from on-chain analysts showed no unusual exchange inflows, no sudden spike in stablecoin minting, and no mass movement of coins from cold wallets to sell-side addresses. If anything, the lack of activity suggests spot holders are largely institutional, and those hands are not for sale on a Sunday morning Iran strike.

That does not mean the risk is gone. A sustained closure of the Strait of Hormuz would disrupt global crude and LNG supplies, pushing inflation higher and forcing central banks to delay rate cuts. In that scenario, long-duration assets—including crypto—would eventually suffer. But traders are not connecting those dots yet, possibly because the latest closure is seen as another brief disruption rather than a permanent shift. The market is waiting to see whether shipping lanes reopen within 48 hours, which has been the pattern in past Hormuz flare-ups.

The Regulatory Context Hanging Over the Market While military action dominated weekend headlines, the crypto market’s attention is also split by domestic policy battles. Just days before this strike, a major crypto bill was in jeopardy in Washington as banking interests attempted to derail it ahead of a Senate vote. That legislative uncertainty acts as a counterweight, keeping capital on the sidelines regardless of geopolitical shocks. When the regulatory path forward is unclear, neither a bombing run nor a chokepoint closure provides enough clarity for a directional bet.

Meanwhile, developer activity across major chains remains robust. The latest top blockchains by developer commits shows continued building, a reminder that short-term price action is increasingly disconnected from network fundamentals. That decoupling is what allows Bitcoin and Ether to absorb geopolitical noise without the violent swings of earlier cycles.

For now, the market appears to be pricing the conflict as a contained event. The key variable is how long the Strait of Hormuz stays closed. A reopening before Monday’s U.S. market open would likely reinforce the narrative of crypto’s resilience. A protracted standoff, on the other hand, would test whether the calm of a weekend can survive a week of risk repricing across bonds, equities, and commodities. Either way, the anemic price response to a third U.S. strike in seven days and a global shipping pinch point closure is a notable evolution in how digital assets absorb the world’s tensions.

AUTHOR

Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.

Businessman is holding a bitcoin as part of a business network, Cryptocurrency blockchain connection, Technology and financial investment background concept.

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I’m not a perma-bear. I’m not a doomster – and yes, I’ve been calling bitcoin down for a long time now.

And it’s been falling.

I called it up in 2017, 2021, and 2025 – it’s all here on Forbes if you want to check the calls. There I am on the record: a bitcoin bull on the way up and a bear on the way back down again in each case.

I’m not a bitcoin maxi; I’m a bitcoin vari. Buy it when it’s cheap, sell it when it’s expensive. I’m not cherry-picking my calls. I could say bitcoin hasn’t risen since 2024, but I won’t. I could say you would have outperformed gold and the S&P if you had bought in 2023, but I won’t say that either, because accurate hindsight has no value. I’m in the approximate foresight game, and sorry, I still think it’s going down some more.

Here is the chart, which is just another close variant of what I’ve said before. The map to the destination just gets a little clearer as we approach where I expect the bottom to be, which is between $30,000 and $40,000.

It’s not fate, because things can intervene, but it is a high-probability outcome.

The bitcoin chart - are we approaching the bottom?

Credit: ANewFN.com

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There are a lot of headwinds out there for bitcoin, not the least of them being its use by the adversaries of the U.S. Some people get pretty angry when I point that out, but just half an hour of research will uncover skulduggery so breathtaking that it makes me consider how the U.S. might change its permissive attitude towards bitcoin in due course. At the very least, you would think the U.S. will try – and likely succeed – in removing bitcoin’s largest use case: its utility for getting around sanctions and facilitating illicit transactions. Some people deny that’s a thing, but it clearly is. Bomb Iran and pooooff... off goes 25% of the mining hash rate.

Bitcoin, like a CryptoPunk NFT, will never go to zero, but the future could reverse its four-year cycle of appreciation.

Yet first we need to get to the end of this cycle and see how the next one begins.

Iran, North Korea, and the Asian scam-centre slavers will do the future of bitcoin no good, but whether they will permanently damage BTC remains to be seen.

However, if you do not watch out for that sting in the tail, it may well get you.

18h05 ▪ 4 min read ▪ by Fenelon L.

Summarize this article with:

The crypto initial public offering market is slowing down in 2026, with four major players in the sector having postponed their IPOs. According to Christian Lopez, blockchain lead at Cohen & Company Capital Markets, investor caution now weighs more than regulation. Will the sector regain public market appetite before 2027?

In brief Payward (Kraken), Consensys, Ledger and Grayscale postponed their IPO plans awaiting a more favorable market. Blockchain.com filed a confidential IPO request in the United States in May 2026. Christian Lopez, from Cohen & Company Capital Markets, anticipates a possible crypto cycle bottom around October 2026. Capital is Turning Away from Crypto IPOs in Favor of AI  The crypto initial public offering market is slowing significantly in 2026, as investors redirect their capital towards other technological sectors.

Christian Lopez, blockchain and digital assets lead at Cohen & Company Capital Markets, places the turning point last October when a liquidity event drained part of the ecosystem’s capital. Retail investors, traditional drivers of the crypto market, have since massively turned to artificial intelligence.

This rotation then extended to the most prized technology stocks, notably the shares of the seven giants of the sector grouped under the Mag 7 label. More recently, however, even these AI-linked stocks have suffered significant corrections, a sign of a new portfolio reallocation.

Several companies were expecting a prosperous year after the successful listings of Circle (CRCL) and Bullish (BLSH), the parent company of CoinDesk. The weakness of the markets and the disappointing performance of BitGo (BTGO) after its IPO have since dampened this optimism, a finding Lopez shared with CoinDesk.

Blockchain Advances Despite the Slowdown Macro-economic uncertainty amplifies investor caution. Expectations regarding interest rates and global deleveraging, notably recent interventions by the Bank of Japan to support the yen, weigh on appetite for high beta assets like cryptos. Lopez believes the market might not significantly reopen to crypto listings before 2027, with a cycle bottom expected around October.

Despite this slowdown, blockchain technology continues to gain ground in traditional finance. Morgan Stanley, Nasdaq, and the New York Stock Exchange are developing a settlement infrastructure via tokenization, while the sector moves towards near-instant settlement, from T+1 to T+0.

The OpenUSD network, which already brings together more than 140 financial institutions around a stablecoin infrastructure, illustrates this dynamic. According to Lopez, the long-term winners will be blockchain infrastructure providers rather than companies built around a single token, knowing that many small cryptos are already struggling to raise funds in private markets.

In short, the slowdown of crypto IPOs reflects less a regulatory issue than an overall tightening of capital access. The rotation towards AI, uncertainty over interest rates, and the expectation of a bottom around October form a common movement of caution among investors. 

Bitcoin, ether and solana are expected to remain benchmark assets, while thousands of smaller tokens risk disappearing within three to five years. A selection process that could reshape the crypto landscape permanently.

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Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

The number of companies building physical infrastructure for AI has increased by 187% over the past 12 months. It reflects a genuine land grab happening at the intersection of two industries that, until recently, seemed to exist in parallel universes: artificial intelligence and cryptocurrency mining.

Bitcoin miners find their second act The pivot from mining Bitcoin to hosting AI workloads has been nothing short of dramatic for several publicly traded crypto miners. Hut 8, one of the more recognizable names in North American Bitcoin mining, saw its stock climb roughly 211% over the past year. Several peers in the space have posted gains ranging from triple digits to as high as 800%.

TeraWulf may have made the splashiest move of all, signing a $19 billion AI data center contract with Anthropic, the company behind the Claude AI model. Cipher Mining, trading under the ticker CIFR, and Hut 8 (HUT) have both leaned hard into the AI infrastructure narrative. The physical infrastructure is remarkably transferable: Bitcoin mining requires massive amounts of electricity, industrial-scale cooling systems, and facilities designed to run 24/7 without interruption. AI model training and inference require exactly the same things.

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The numbers behind the gold rush Analysts at Compass Point have flagged something interesting about the valuation gap in this space. Several AI infrastructure stocks, including TeraWulf, may actually be trading below the implied value of the AI contracts they’ve already signed.

Some stocks in the sector have surged by over 493% in 12 months. Lumentum, which makes optical networking components critical to data center connectivity, has seen its stock increase by over 1,000% on the back of AI-driven demand.

Hyperscalers — the Microsofts, Amazons, Googles, and Metas of the world — are projected to invest roughly $700 billion in AI-related infrastructure by 2026. That figure represents a cumulative estimate across major players, and it creates a massive downstream demand for exactly the kind of physical capacity these infrastructure companies provide.

Why crypto investors should pay attention Bitcoin mining has always been a brutally cyclical business. Margins expand during bull runs and compress violently during downturns, especially after halving events that cut block rewards in half. AI data center contracts, by contrast, tend to be long-term agreements with predictable revenue streams. For companies like TeraWulf, a $19 billion contract with Anthropic provides the kind of earnings visibility that Bitcoin mining simply cannot.

Many are running dual operations, maintaining their mining rigs while simultaneously building out AI capacity. The risk is execution. Converting mining facilities to AI-grade data centers isn’t trivial. AI workloads demand different networking configurations, higher-density power delivery, and more sophisticated cooling solutions than Bitcoin mining.

There’s also the question of competition. As the 187% increase in AI infrastructure companies suggests, the field is getting crowded fast. Traditional data center operators like Equinix and Digital Realty have decades of operational expertise and established relationships with enterprise customers. Bitcoin miners entering the space are essentially arguing that their cost advantages on power and real estate can offset their relative inexperience in enterprise data center operations.

The Compass Point analysis offers a useful framework: if AI infrastructure stocks are genuinely trading below the value of their signed contracts, that gap represents either a buying opportunity or a market signal that execution risk is being priced in more heavily than the headline numbers suggest. An investor who bought Hut 8 a year ago for Bitcoin exposure has, perhaps inadvertently, become an AI infrastructure investor.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Bitcoin’s [BTC] resilience remains one of the key psychological metrics investors are watching.

Currently, it’s standing out. Macro FUD is officially back after U.S. President Donald Trump pulled back from the ceasefire with Iran, triggering another wave of uncertainty. Oil prices have surged more than 5% and are now approaching the $75 resistance level. Historically, rising oil prices have often aligned with major corrections across the crypto market.

Yet Bitcoin’s technical structure continues to hold above the key $60k support zone, with BTC up more than 6% during the late June/early July rally. What’s interesting is that this strength has come alongside higher oil prices, a clear divergence from previous cycles. That could be an early sign that the market is starting to absorb the macro FUD instead of selling into it.

Source: TradingView (BTC/USDT) Against this backdrop, Bitcoin’s resilience looks more like a healthy reset.

According to CoinGlass, BTC has wiped out more than $13 million in long liquidations over the past 24 hours, as FUD pushed leveraged traders out of the market. Despite the flush, BTC continues to hold above key support, suggesting the move has simply cleared out excess leverage rather than damaging the broader trend. 

Historically, this type of reset has often been followed by a strong rebound, putting the $65k-$70k range back in focus. The real question now is whether spot demand is strong enough to back the move. That’s where Bitcoin whale positioning becomes the key metric to watch.

Bitcoin holds firm as whales bet on strength despite macro FUD Bitcoin’s resilience makes whale positioning worth watching.

According to Alphractal, the Whale vs. Retail Delta is rising again. The data shows whales are gradually adding to long positions. Bitcoin stands out with one of the strongest positive readings. Retail traders, however, continue to lean the other way, with smaller positions still positioned for further downside.

Interestingly, whale long exposure spiked around Bitcoin’s recent $58k bottom, reinforcing the view that larger players were buying into weakness while retail stayed defensive. More importantly, this divergence is unfolding while one of Bitcoin’s key on-chain demand metrics remains weak.

Source: CryptoQuant According to CryptoQuant, Bitcoin’s 30-day Spot Demand has been in negative territory since December 2025. The metric bottomed at -273,000 BTC in mid-June before recovering to around -100,000 BTC as of writing. 

In simple terms, negative Spot Demand means new Bitcoin supply still isn’t being fully absorbed by buyers. Combined with a lack of a strong institutional bid, Bitcoin’s resilience is starting to look increasingly dependent on whale accumulation. Unless spot demand begins to recover, that resilience could be difficult to sustain. 

In this context, the rise in whale long positioning becomes even more significant. If whales continue accumulating while spot demand gradually improves, Bitcoin could have the foundation for another leg higher. If not, BTC’s current consolidation around the $60k level may simply be a bull trap.

 Final Summary Bitcoin is holding above key support despite macro FUD. Whales are betting on more upside while retail stays bearish. Spot demand will likely decide whether BTC breaks out or turns into a bull trap.

https://en.wikipedia.org/wiki/Eric_Trump

Eric Trump’s investment in Bitcoin mining has reportedly resulted in a substantial loss of more than $600 million for his family. The loss is attributed to a 95% drop in the market value of American Bitcoin Corp., the mining company he co-founded. This downturn aligns with a broader decline in the cryptocurrency mining sector, which has been impacted by falling Bitcoin prices and shifts in mining infrastructure. Despite these challenges, American Bitcoin Corp. still holds significant Bitcoin reserves but has suffered financially due to lower mining margins and Bitcoin valuations.

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Key Takeaways The reported loss appears consistent with decreased confidence in Bitcoin’s ability to reach higher price targets in the near term. Market participants may interpret this development as supportive of scenarios where Bitcoin struggles to achieve the $82,500 price level in July. The current pricing in related prediction markets suggests a sentiment shift, reflecting concerns about the stability of Bitcoin investments. What to Watch The market will closely observe any further announcements from key industry figures or changes in regulatory environments that could influence Bitcoin’s price trajectory. Developments in mining technology or shifts in energy costs could also impact sentiment. As the month progresses, watch for any significant movements in Bitcoin’s price, which could alter the prevailing market outlook.

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Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 0.7% — — View market → August 1 2026 51% — — View market → August 1 2026 24.5% — — View market → August 1 2026 21.5% — — View market → August 1 2026 2.6% — — View market → August 1 2026 87% — — View market → August 1 2026 0.1% — — View market → August 1 2026 5.3% — — View market → August 1 2026 1.1% — — View market → August 1 2026 10.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 5.5% — — View market → August 1 2026 10.5% — — View market → August 1 2026 1.2% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 74% — — View market →

Stacks, the Bitcoin Layer 2 network, is proposing a significant upgrade to its consensus mechanism that would let Bitcoin holders earn yield on their BTC without ever moving it off the main chain. The kicker: 15% of all excess revenue gets funneled into a reserve fund designed to keep the whole system solvent even during lean times.

The upgrade, dubbed PoX-5 (Proof-of-Transfer version 5), introduces a waterfall distribution model. Protocol bond holders sit at the top of the payment queue, with an initial target yield of roughly 3% APY. These bonds require a six-month lockup period. Only after those obligations are met does the remaining revenue flow downhill.

Whatever is left after paying bond holders, the excess miner revenue, gets split two ways. STX-only stakers receive 85% of the surplus. The protocol reserve fund absorbs the remaining 15%.

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To participate, Bitcoin holders lock their BTC on the Bitcoin Layer 1 network using a timelock mechanism and pair it with STX, the native token of the Stacks network. No bridging required. No custodial transfers.

Building a 1.2-year safety buffer The 15% reserve allocation isn’t arbitrary. Simulations run across 210 two-week cycles, roughly eight years of modeled data, project that the reserve fund would accumulate enough to cover 1.2 years of yield commitments.

The system also includes capacity constraints and real-time coverage ratio monitoring. There’s no slashing mechanism for participants, meaning stakers don’t risk losing their principal if something goes sideways with the network.

The whitepaper laying all of this out was published on May 13, 2026. Since then, the Stacks community has been reviewing the associated SIP (Stacks Improvement Proposal) documents related to the bootstrap phase. No formal votes or launches have been finalized yet.

Stacks’ track record with Proof-of-Transfer The original PoX mechanism has been operational since January 2021, and over that period, the protocol has distributed more than 4,200 BTC to participants under prior consensus versions. PoX-5 is an evolution of that infrastructure, adding structured yield products and reserve mechanics on top of existing plumbing.

The upgrade also serves a dual purpose beyond yield generation. By requiring participants to pair BTC with STX, it creates organic demand for the Stacks native token. More staking activity means more STX gets locked up, which theoretically supports the token’s value while simultaneously enhancing network security through increased participation.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.