Strategy, the digital asset-focused investment firm founded by Michael Saylor, has once again drawn attention following a series of social media posts and significant changes in its Bitcoin management strategy. Saylor, who serves as chairman, posted a cryptic message on Sunday accompanied by a chart from Saylortracker, stating, “Orange dots tell only part of the story.” This messaging style has often preceded announcements about the company’s Bitcoin acquisitions or strategy shifts.
Shift from “never sell” to active cash managementIn a move away from its previous “never sell Bitcoin” policy, Strategy recently showed willingness to liquidate a portion of its Bitcoin holdings. Earlier this month, the company disclosed the sale of $216 million in Bitcoin, reducing its total reserve to 843,775 BTC according to a July 6 filing with the US Securities and Exchange Commission.
Just days before the sale, Strategy introduced a new capital framework that permits Bitcoin sales specifically for funding dividends to holders of its STRC preferred stock and for augmenting its cash reserves. At the same time, the firm raised the annual dividend rate on STRC shares to 12% and reported US dollar reserves of $2.55 billion.
Orange dots tell only part of the story, Saylor noted in his latest update, signaling that recent changes in company strategy could mean further flexibility in managing Bitcoin assets.
Strategy holds one of the largest Bitcoin treasuries globally and has previously promoted a buy-and-hold approach, making recent developments particularly notable within the cryptocurrency community.
Mini dictionary: Strategy is an institutional investor known for holding one of the largest corporate Bitcoin reserves and has influenced crypto markets with its high-profile BTC acquisitions and statements.
Analyst calls for clearer communicationGeoff Kendrick, global head of digital assets research at Standard Chartered, commented on the recent changes at Strategy. He cited concern that Saylor’s ambiguous communications could create uncertainty for Bitcoin in the near term.
Kendrick advised that Strategy’s new approach—using Bitcoin to support STRC preferred stock—should be more clearly explained to reassure investors. He stated, “Effective communication of MSTR’s new strategy (using BTC to back STRC) is key to reassuring markets that wholesale selling is unlikely; this should in turn support BTC prices.” Kendrick also suggested that clearer market signaling could reduce pressure to sell Bitcoin and help maintain STRC’s value.
Strategy’s changes in policy and messaging may be creating near-term uncertainty for Bitcoin, but increased clarity could prompt greater market support, Kendrick wrote in a note to clients.
Standard Chartered maintains its $100,000 year-end price forecast for Bitcoin, noting that clarified communication from major corporate holders like Strategy could provide stability around the flagship cryptocurrency.
EventPrevious PolicyCurrent PolicyBitcoin holdings managementNever sell BTCSell BTC to fund dividends and cash reservesSTRC preferred stock dividendVariable (historical)12% annual rateUS dollar reservesNot disclosed$2.55 billionDespite strategic shifts, shareholders have experienced a challenging period. STRC preferred shares dropped below the $100 par value last month, reaching their lowest price since being issued a year ago. Meanwhile, the firm’s common stock, trading under the MSTR ticker, has declined by over 70% since July 2025 and closed at $94.64 last Friday, a substantial fall from its 52-week high of $457.22.
Strategy is scheduled to announce its second-quarter earnings on July 30, with analysts expecting an average of $4.28 per share. However, the company has missed earnings expectations in six of the last eight quarters, including a 33.76% negative surprise in the first quarter of 2026.
These developments highlight the challenges faced by institutional investors as they adjust corporate strategies in a volatile digital asset environment.
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.
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XRP Ledger AI agents surpassed 1 million transactions, yet total value moved barely exceeded $5,000, showing bots are handling volume, not capital.Chandler Guo, a veteran Chinese Bitcoin miner, forecast a return to $120,000 within a year and a climb to $500,000 within five years, citing capped supply and ETF demand.Robinhood Chain's daily DEX volume hit $877.56 million, edging past Ethereum's $778 million, driven largely by the $CASHCAT memecoin.Spot crypto ETFs booked $281.8 million in net weekly inflows, ending an eight-week streak of outflows, while Bitcoin holds between $61,000 and $66,000.One million transactions for $5,000: Is XRPL's AI economy ready to grow up?A revealing situation has emerged on the XRP Ledger (XRPL) as autonomous AI agents have already completed more than 1 million transactions, yet the total value of these payments in XRP and the RLUSD stablecoin has barely exceeded $5,000, according to XRPL AI Hub.
The impressive one-million figure generated loud headlines, but it also exposed the reality: to secure a meaningful position in the market, the AI economy on the XRP Ledger needs to be measured in billions of transactions, not thousands of dollars.
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The low financial volume is a direct consequence of the structure of current AI traffic. Bots use the blockchain for microtransactions, paying fractions of a cent for API calls, seconds of GPU computing time, or access to text data.
State of agent economy on XRP Ledger, Source: XRPL AI HubXRPL handles these tasks effortlessly thanks to its minimal and predictable fees. Financially, however, the system is still running almost idle. One million transactions prove that machines can communicate with one another, but they are not yet bringing meaningful liquidity to the network.
For the AI ecosystem surrounding XRP and RLUSD to enter the major leagues, it must move beyond the "sandbox" stage and begin managing significant amounts of capital. Real volume will arrive when AI agents stop merely purchasing code and start independently managing corporate funds and tokenized real-world assets (RWAs).
Bitcoin at $500,000: Mining veteran Chandler Guo makes bold predictionProminent Chinese miner and early crypto investor Chandler Guo broke his silence on X with a concise prediction: Bitcoin will return to $120,000 within a year and rise to $500,000 over the next five years.
The main value of this statement lies in the author's background. Guo is not a random social media personality but an industry heavyweight who stood at the origins of industrial-scale Bitcoin mining in China. He rarely throws numbers around, which is why his Chinese-language post immediately captured the market's attention.
Chandler Guo predicts Bitcoin to reach $500,000 within 5 years, Source: XBitcoin is currently holding near $63,840, making the half-million-dollar target appear unrealistic. However, Guo's forecast follows a clear logic:
A return to $120,000 is realistic. Bitcoin already tested this level at its 2025 peak, so a return within the next 12 months appears to be a technically justified scenario.The mathematics of scarcity. Fewer than 1 million bitcoins remain to be mined out of the hard-capped supply of 21 million coins. Wall Street agrees. The $500,000 target by the end of the decade aligns with the long-term estimates of Standard Chartered analysts, who link global price growth to capital inflows through spot ETFs.What is the catch? Market history shows that before every major rally, Bitcoin tends to stage severe cyclical corrections that shake out excessively optimistic investors. Mining veterans may be confident about the future, but the speed at which their forecasts materialize will depend on liquidity conditions across global markets.
Robinhood vs Ethereum: How memecoins pushed the broker to the top of the crypto rankingsDefiLlama data recorded a rare shift in the on-chain economy as daily DEX volume on the relatively new Robinhood Chain surged to $877.56 million, surpassing Ethereum's $778 million.
The most remarkable part is the relationship between the figures. Robinhood Chain has only $131.51 million in total value locked. This means users are not simply storing money there but are moving it through the network at extraordinary speed.
Robinhood Chain, a layer-2 blockchain built on Arbitrum, launched on July 1 2026. Management initially planned to develop serious financial instruments and tokenized assets on the network, but retail traders had other ideas. The chain was immediately flooded by a wave of memecoin speculation.
The main hit was CASHCAT, a reference to the historical fact that company CEO Vlad Tenev originally wanted to name the brokerage CashCat. The token's market capitalization quickly surpassed $180 million, accounting for the lion's share of the network's activity.
Top blockchains by 24 hours DEX volume, Source: DefiLlamaThe network's success is also a victory for effective social media marketing. Robinhood understands its audience perfectly. While traditional banks publish dull reports, the broker's official account posts concise lines such as, "We're in a very crypto time of our lives," generating millions of views and creating powerful FOMO.
Vlad Tenev himself played along with the crowd on X. At the height of trading activity, he joked that the network had technically been created for serious DeFi, but that memecoins were also perfectly valid. For the crypto community, this sounded like a green light.
Without spending heavily on advertising, the broker began speaking the same language as crypto "degens" and started pulling liquidity away from other networks.
Should Solana be concerned? Probably not yet. This remains a local triumph for Robinhood, while the leading retail blockchain remains firmly in first place with daily volume of $1.133 billion and a massive TVL of nearly $5 billion.
Crypto market outlook: $197 million ETF comeback and the battle for Bitcoin's codeThe crypto market appears to have found a bottom. Spot ETFs ended an eight-week streak of $8.26 billion in outflows by recording their first $197 million in net inflows.
The market is now caught between renewed institutional demand, an internal developer split over BIP-110, and anticipation surrounding key inflation data. Bitcoin remains within the $61,000–$66,000 range, responding to a total of $281.8 million in capital inflows across all crypto funds.
US spot Bitcoin ETF performance and price action over the past week, Source: SoSoValueKey checkpoints:
ETFs return to the game. After a severe downturn, Bitcoin funds recorded $197 million in weekly inflows, led by BlackRock's IBIT with a net result of $292 million. Together with Ethereum funds, total net inflows reached $281.8 million, indicating that overt selling pressure may be running out of steam.Bitcoin holds its ground. BTC remains trapped between liquidity clusters at $61,000 and $66,000 and is confidently holding the $64,000 level despite external logistical shocks affecting global trade routes. A breakout above the $65,000 resistance level or a decline below the $61,000 support level will determine the direction of the broader two-month consolidation.The ideological battle over Bitcoin's code: BIP-110. The BIP-110 upgrade proposes sharply restricting transaction sizes on the Bitcoin network to suppress block-filling protocols such as Ordinals and Runes. The upgrade is currently supported by only 23% of nodes and 1% of miners' hash rate. The decisive battle for consensus, along with the risk of a chain split, is expected in August 2026, with 55% support required.Ethereum begins to regain strength. ETH rebounded from a low of $1,750, while the ETH/BTC pair climbed above 0.028 amid record withdrawals from Binance and growing long positions on Bitfinex. A sustained move above $1,820 would open the way for momentum toward $1,850–$1,900.The macroeconomic trigger. The release of the latest Consumer Price Index data will be the week's main catalyst. Inflation below expectations could trigger a powerful upward short squeeze. If the figures come in hotter than expected, bears could regain control and attempt to push the market below $60,000. You Might Also Like
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.
Ethereum completed a golden cross against Bitcoin on its short-term chart, with the market now watching for a potential comeback. The MA 50 rose above the MA 200 after a crossover on the hourly chart.
ETH/BTC Hourly Chart, Image By TradingViewThis follows a recent run of outperformance by Ethereum, which has rallied versus Bitcoin since bottoming at 0.025 on June 6. Fresh ETF inflows and rising on-chain activity, especially through Robinhood's new Layer 2 chain using ETH as its native gas token, have helped Ethereum outperform Bitcoin recently.
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The outperformance can be seen in a golden cross developing on the hourly chart. Ethereum bounced from its June lows after a multi-week decline that started in mid-April. After consolidating for a while, Ethereum had a breakout above 0.027, which corresponds with the daily MA 50. Ethereum has traded below the daily MA 50 since April 23.
Galaxy's Head of Research, Alex Thorn, highlighted Ethereum's price action against Bitcoin in a recent tweet, saying, "Can I say something?"
Is momentum back?Ethereum has been in a downward trend since the start of 2026, having begun the year with a death cross on the ETH/BTC daily chart.
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Galaxy Head of Research Alex Thorn called attention to this signal at the year's start, as reported, which went unnoticed in the market, possibly due to the optimism with which cryptocurrencies began the year.
Now, with several months of underperformance, traders are watching for a price bottom on the ETH/BTC chart. This is significant as most altcoins' outperformance has often coincided with a rising ETH/BTC ratio. This is because traders are willing to take more risk when Ethereum outperforms Bitcoin, and vice versa.
The RSI across various timeframes has rebounded from oversold levels to neutral or positive, but a price reversal cannot be confirmed yet.
Ethereum has completed a golden cross against Bitcoin on its short-term chart, indicating a shift in momentum as investors monitor the possibility of a sustained recovery. The development comes after the 50-hour moving average crossed above the 200-hour moving average, a chart pattern frequently watched by traders for potential trend reversals.
Ethereum’s recent outperformance and ETF inflowsEthereum began outperforming Bitcoin following a local low at 0.025 on June 6. Its rally has been supported by renewed inflows into cryptocurrency exchange-traded funds and growing on-chain activity. Notably, Robinhood recently launched a new Layer 2 network that utilizes Ethereum as its native gas token, which has contributed to an increase in transactional demand on the Ethereum blockchain.
The price resurgence was further confirmed when Ethereum broke above the 0.027 level, a point that aligns with the 50-day moving average. This breakout followed a prolonged consolidation period after a multi-week decline, which started in mid-April. Since April 23, Ethereum had been trading below its daily 50-day moving average until this latest move, signaling renewed market confidence.
Mini dictionary: Golden cross – A chart pattern where a short-term moving average crosses above a long-term moving average, typically seen as a bullish signal by technical analysts.
Technical signals and market sentimentAlex Thorn, Head of Research at Galaxy, highlighted this price action in a post, drawing attention to the potential implications for the ETH/BTC trading pair. Thorn noted that market sentiment at the start of 2026 was primarily positive, even though Ethereum experienced a death cross—a bearish technical signal—against Bitcoin on the daily chart.
Market optimism at the beginning of the year led many investors to overlook the importance of the death cross on the ETH/BTC pair, even as Ethereum gradually declined relative to Bitcoin.
As the year progressed, Ethereum underperformed compared to Bitcoin until the recent reversal. The market has become increasingly attentive to potential bottoming signals on the ETH/BTC pair, since historical data shows that rallies in altcoins often occur when Ethereum gains strength over Bitcoin.
Current indicators and market outlookThe relative strength index (RSI) on different timeframes has moved from oversold territories to more neutral or positive zones. However, analysts cautioned that no definitive price reversal has been confirmed yet.
Traders often view increases in the ETH/BTC ratio as a sign that risk appetite is returning, since periods of Ethereum strength typically coincide with improved altcoin performance.
Market watchers are closely observing whether the formation of the golden cross on the hourly chart will lead to further upside for Ethereum against Bitcoin. Factors such as ETF inflows and Layer 2 adoption continue to influence sentiment, but technical confirmation remains pending.
IndicatorRecent ValueHistorical ReferenceETH/BTC Price Low0.025 (June 6)Recent multi-week lowBreakout Level0.027Aligned with 50-day MARSINeutral/PositivePreviously oversoldDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto markets held firm on Sunday, with Bitcoin (BTC) near $64,000, as digital assets absorbed fresh US strikes on Iran and the closure of the Strait of Hormuz once more.
The muted move breaks from earlier in the war. Bitcoin fell about 2% and slid toward $61,000 after June’s escalation, a far steeper reaction than today’s 0.33% dip.
US Launches Third Round of Strikes on IranIran declared the Strait of Hormuz closed and fired on a commercial vessel. The move defied a US demand to guarantee passage through the waterway.
In response, US Central Command (CENTCOM) launched a third round of strikes. Forces hit roughly 140 targets.
Those targets included missile and drone sites, naval assets, and coastal surveillance posts.
“During three nights of strikes this week, CENTCOM has struck more than 300 targets… to degrade Iran’s ability to attack civilian mariners and commercial vessels freely transiting the strait,” CENTCOM said.
The conflict widened across the Gulf. Iran claimed attacks on Bahrain, Kuwait, Jordan, Qatar, the UAE, and Oman.
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#بيان | تعرب وزارة الخارجية عن إدانة واستنكار المملكة العربية السعودية بأشدّ العبارات استمرار إيران في سلوكها المزعزع لأمن المنطقة واستقرارها، وانتهاكها لمبادئ القانون الدولي وميثاق الأمم المتحدة وميثاق منظمة التعاون الإسلامي وقواعد حسن الجوار، وذلك بتكرار الاعتداءات الإيرانية… pic.twitter.com/PlXIfEyKjR
— وزارة الخارجية 🇸🇦 (@KSAMOFA) July 12, 2026 Crypto Shrugs Off the EscalationDespite the escalation, major tokens barely moved. Bitcoin posted a 0.33% daily loss. Ethereum (ETH) traded around $1,801, up 2.18% over the past 7 days. XRP (XRP) and Solana (SOL) each fell less than 2% on the day.
Crypto Markets Show Resilience as US-Iran Conflict Escalates. Source: BeInCrypto MarketsOil markets, shut for the weekend, could open higher on Monday. Brent held near $76 a barrel on Friday. Another prolonged closure could rattle energy markets and lift prices as traders price in tighter supply.
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Is a new all-time high possible this year? Some AIs believe so.
It’s that time of the week again, the weekend, in which the regular reader and investor might want to explore something lighter, fun, and more optimistic.
In this article, we will review the price predictions for bitcoin in 2026 made by some of the top AIs: ChatGPT, Gemini, Grok, and Perplexity. Sit back, enjoy, and let’s all hope at least one of the bullish targets below will be reached.
Let’s Be Realistic (but Also Hopeful) Instead of starting with ChatGPT as we usually do in these articles, we will try something different and go for the less popular option, Perplexity. Its realistic take on the matter doesn’t envision a new all-time high, but the upper boundary is close to it: $95,000 to $125,000. Both of these sound quite impressive, given the current market state in which BTC fights for $64,000.
To be able to reach these yearly highs, though, Perplexity noted that several factors have to align: institutional ETF demand has to return, more favorable Fed policy, and renewed risk-on appetite from investors.
Grok’s opinion is largely in agreement, as its range is $90,000 to $120,000. No new all-time high, but still double-digit gains. Aside from the aforementioned factors, it outlined moderate macro improvement, no major recessions, and BTC’s increasing dominance as a store-of-value asset.
As with our similar article for XRP, Gemini was the least bullish. Its realistic targets are between $75,000 and $100,000, and it highlighted the same catalysts as above.
ChatGPT was more specific. It didn’t provide a wide range. Instead, it said that its realistic target for Bitcoin’s highest price in 2026 is $95,000.
You may also like: Bitwise Report: Crypto Fundamentals Are Getting Stronger Despite Third Straight Negative Quarter STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In “This scenario would not require a completely new speculative mania. Bitcoin would need ETF demand to stabilize, corporate buyers to stop reducing their exposure, and macroeconomic conditions to become moderately more supportive,” it said.
All Aboard the Bull Train The other side of the coin sees bitcoin rocketing toward new all-time high levels. In fact, all of the AIs’ bull case predictions envisioned new records this year. ChatGPT, for example, noted that the primary cryptocurrency can jump past $130,000 and peak about five grand above that level.
Gemini’s target was even higher. Google’s AI noted that under extreme conditions, BTC can top at somewhere between $150,000 and $180,000. Grok’s most optimistic scenario predicted a massive rise toward $200,000 or even slightly above. Perplexity joined the $200,000+ narrative, setting a target of $210,000.
However, all AIs agreed that many, many factors would have to align for such high numbers to be even possible. It’s not just the ETFs and easing monetary policy mentioned above. BTC would need an accelerating global economy, peace deals among many of the warring parties, and a sweeping cross-asset bull run, combined with “expanding institutional digital-asset treasuries,” to propel the cryptocurrency toward new peaks.
APX and HASH have rocketed the most in the past day, while BEAT has dumped by over 20%.
Bitcoin’s price experienced minor volatility over the past 24 hours as the US and Iran exchanged a new wave of attacks, and the asset now struggles to remain above $64,000.
Most larger-cap alts have remained sideways over the past day, aside from ZEC and DEXE. The latter has posted a massive double-digit surge to well over $40.
More Volatility to Come Soon? The previous weekend was quite similar in terms of price action, as BTC remained sideways between $62,400 and $63,400. Its more impressive leg up followed on Monday when it jumped to $64,000 before it was violently rejected and driven south to $61,200 after Michael Saylor’s Strategy announced its biggest BTC sale to date.
Unlike the developments that took place after the previous Strategy sale, bitcoin actually rebounded almost immediately this time and rocketed to $64,600. However, it was rejected there again and dipped to $61,600 as the US and Iran broke the ceasefire with new attacks against each other in the middle of the week.
The bulls intervened once again and helped the cryptocurrency recover a lot of ground. The culmination came yesterday, when it pumped to $64,700. However, it couldn’t keep climbing and dipped to $63,600 after the latest attacks in the Middle East. It now trades close to $64,000 again, but more volatility is likely to take place later tonight or tomorrow when the legacy financial markets open for trading.
For now, bitcoin’s market cap remains at $1.280 trillion, while its dominance over the alts on CG is up to 56.8%.
BTCUSD July 12. Source: TradingView ZEC, RAIN, UNI, DEXE Up Ethereum continues its fight with the $1,800 resistance, which has been described as critical by many analysts. XRP, SOL, DOGE, XLM, ADA, and BNB are slightly in the red daily, while TRX, HYPE, and XMR have posted insignificant increases.
ZEC has added 5% of value to trade at $525, RAIN is up by 3% and sits close to $0.015, UNI has tapped $3.65 after a similar increase, while DEXE has stolen the show from the larger cap alts. It has risen by over 17% to $43. APX and HASH are the other double-digit gainers, while BEAT has plummeted by 20% after yesterday’s rise.
The total crypto market cap remains close to $2.260 trillion on CG after a minor daily retreat.
Cryptocurrency Market Overview July 12. Source: QuantifyCrypto
A controversial proposal known as BIP-110, which would temporarily restrict non-financial data on the Bitcoin blockchain, faces an early August deadline with miner support still below 1%.The measure would tighten limits on OP_RETURN and other data-carrying methods for one year, a move backers say would refocus Bitcoin on payments but critics argue improperly censors valid, fee-paying transactions.With major figures like Michael Saylor and Adam Back opposing the plan and both miner and node adoption stuck in the low single digits, BIP-110 appears likely to create only a small minority chain rather than a network-wide change.An infamous proposal to purge non-financial data from the Bitcoin blockchain is heading toward a hard deadline in early August, and the initial support it has gathered from miners is less than 1% so far - a signal of outsized opposition despite the immense social chatter around the topic.
BIP-110, formally titled the Reduced Data Temporary Soft Fork, is basically a fight over what Bitcoin block space is for.
Bitcoin transactions can carry money and extra data. An OP_RETURN section is the obvious “note field” for small bits of data within transactions, and data pushes are another route - where users can place larger chunks of raw data inside Bitcoin script or witness data. Ordinals, inscriptions and some token schemes use those paths to put images, text or token metadata onchain.
BIP-110 would temporarily tighten those paths for one year. It would cap OP_RETURN at the old small size, block most arbitrary data chunks above 256 bytes, and restrict some script formats used mainly for data storage.
Supporters say this keeps Bitcoin focused on payments and lowers node burden, but critics think it turns a policy fight into a consensus rule and tells users which transactions are “acceptable.”
Two of Bitcoin's most influential figures came out against it on Saturday. Strategy founder Michael Saylor posted that "there are 110 things more dangerous to Bitcoin than spam," arguing the proposal "turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions." The precedent, he wrote, is the real danger.
There are 110 things more dangerous to Bitcoin than spam.
BIP 110 turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions.
That precedent is the danger. We should save our energy for threats that really matter. $BTC https://t.co/LoSkl9XSo1
— Michael Saylor (@saylor) July 11, 2026 Adam Back, the Blockstream co-founder whose hashcash design is cited in the bitcoin white paper, made a similar case at greater length, addressed to the newcomers backing the proposal.
"Bitcoin respectfully says no to what you want," he said, adding that their real recourse, if unconvinced, is to group together and fork away, but that "bitcoin won't be joining it."
The support data shows what the broader market really thinks. BIP 110 does not rely on the usual path of overwhelming miner approval, but uses a user-activated soft fork, a mechanism in which nodes enforce a rule whether or not miners agree, set to a 55% miner-signaling threshold rather than the traditional 95%.
Backing is absent even at that significantly lower bar.
Miner signaling has never risen above about 1% in any period and stands at zero in the current one, with no major mining pool behind it, according to the BIP 110 signaling monitor.
Among the nodes that store and relay the chain, adoption sits in the low single digits, carried almost entirely by Bitcoin Knots, an alternative to the dominant Bitcoin Core software.
The deadline arrives regardless. The current signaling period runs from block 957,600 to 959,615, and a voluntary lock-in deadline falls at block 961,542 in the following period, expected in early August.
Nodes running BIP 110 software would then begin rejecting any block that does not signal support, with activation projected near September. In practice, a rule enforced by a few percent of nodes and almost no miners does not change Bitcoin for everyone but would split off a minority chain.
As such, Bitcoin's resistance to change is not written down anywhere, but is the product of thousands of independent operators who each have to opt in as a means of consensus.
The underlying spam concern is real. Blocks have carried more non-financial data since the October change, and reasonable people see that as a drift from Bitcoin as money toward Bitcoin as a database. But Bitcoin changes only when the network agrees to run the change, and on the evidence so far, it will not run this one.
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Jul 10, 2026
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Bitcoin traded around $63,800 with only slight daily moves despite new U.S. airstrikes on Iran and Tehran’s declaration that it had closed the Strait of Hormuz.Other major cryptocurrencies, including ether, XRP and dogecoin, also saw only fractional price changes, continuing a muted pattern of reaction to Middle East tensions.Markets for oil, stocks and bonds are shut for the weekend, leaving bitcoin as one of the few assets pricing the latest escalation in real time, with a fuller reaction in crude expected when trading resumes Monday.Bitcoin held near $63,800 on Saturday after the U.S. launched its third round of strikes on Iran this week and Tehran declared the Strait of Hormuz closed "until further notice." The largest cryptocurrency was down 0.3% over 24 hours and up 2% on the week.
Vessel-tracking data showed some traffic around the Strait of Hormuz in Asian morning hours Sunday, though movement through the chokepoint remained well below normal.
U.S. Central Command said President Trump ordered the strikes, which targeted Iran's ability to attack commercial vessels, after Iranian forces hit a Cyprus-flagged container ship. Iranian state media reported explosions along the country's southern coast, including the energy hubs of Bushehr and Asalouyeh and the port cities of Bandar Abbas and Bandar-e Dayyer.
Ether was similarly quiet at about $1,800, up 2% on the week. Solana was the weakest of the majors at $76, down 5% over seven days, while XRP slipped to $1.09 and dogecoin eased to about $0.07. The moves across the board were fractions of a percent on the day.
The muted response is the pattern now. When Iran first closed the Strait of Hormuz in early March, Brent crude jumped past $100 a barrel for the first time in four years and later peaked near $120, and bitcoin sold off sharply on each escalation.
Part of that is timing. Oil, equities and bonds are closed for the weekend, so bitcoin is the only large market open to price the strikes in real time, and it is treating them as close to a non-event.
The fuller cross-asset reaction, in crude especially, might not show until Monday. Roughly a fifth of the world's seaborne oil moves through Hormuz, and Brent had already carried a risk premium into the weekend after tanker traffic through the strait stayed below normal.
The real test comes Monday, however, if crude reopens with a sharp gap higher while bitcoin holds its ground. A calmer oil open would say the strait closure is being read as a threat Tehran has made and walked back before.
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Jul 10, 2026
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Bitcoin just posted its first bullish RSI divergence since the end of last year, according to veteran macro investor Jordi Visser, who said the signal is shifting how he views the coming months.
Visser said he spotted the divergence using a 4 hour RSI chart. Price made a new low when Bitcoin broke through $60,000 recently, but the RSI reading stayed higher than it was at the previous low. “As a trader, I go, well, now I can buy something when we get back above 60, and I’ll just stop myself back out below the lows,” he said.
Visser, who also follows Elliott wave theory, believes Bitcoin is near the bottom of its range for the year ahead. He does not rule out a drop to $50,000 or even $45,000. “Do I think we’ll be over 100 a year from now? Yeah,” he said. “So what do I care whether I buy something at 60 or whatever.”
Where the money actually went
Visser said he underestimated how much capital would get pulled toward AI stocks instead of crypto. He pointed to Micron, which he said rose twenty times in value. “You don’t get that in big companies, and this is a big company,” he said, adding that startups without an AI angle struggled to attract investor interest over the past year.
That shift, he said, coincided with the October release of Opus 4.5 and a fading expectation of further rate cuts. The market had priced in 150 basis points of cuts as of late September, before that outlook reversed toward the possibility of another hike.
The Fed’s next move
The Fed could hike rates July 29, with the odds sitting at 35 to 40 percent now, according to Visser. He does not think policymakers actually want to raise rates, citing recent comments from a Fed official suggesting AI could bring a short inflationary bump followed by a longer deflationary trend. If the Fed holds steady, Visser expects Bitcoin to trade above $70,000, as markets begin pricing out any hike before the midterm elections.
He also pointed to a recent speech by Treasury Secretary Scott Bessent, arguing that digital assets and stablecoins are becoming central to how the administration wants to reshape the country’s role in global finance.
Story Ends Here
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Bitcoin’s BIP-110 proposal is approaching its early August deadline, yet miner support for the measure remains below 1%, signaling significant resistance to the initiative. Officially titled “Temporary Soft Fork for Reducing Data”, BIP-110’s core controversy centers on restricting non-financial data on the Bitcoin blockchain. The proposal aims to cap OP_RETURN data capacity within a year, ban most arbitrary data exceeding 256 bytes from being written to the chain, and limit certain script formats primarily used for data storage. Supporters argue the plan would refocus the Bitcoin network on its payment function and reduce node operational burdens; opponents counter that it would escalate policy disputes over block space usage into consensus rule changes, effectively determining which transactions qualify as “acceptable”. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. Saylor remarked, “There are 110 things more dangerous than junk data”, adding that the proposal would “turn the junk data debate into a consensus change, invalidating some currently valid transactions that pay fees”. Back stated that if supporters cannot accept the status quo, they may choose to fork, but “Bitcoin will not join”. Data shows BIP-110 uses a user-activated soft fork mechanism with a 55% miner signaling threshold, though miner signaling rates have never topped roughly 1% to date, with the current cycle sitting at 0 and no major mining pools backing the measure. The share of nodes running BIP-110 software also remains in the single digits, primarily from Bitcoin Knots users. The proposal’s current signaling cycle will end around block height 959,615, with a voluntary lock-in period expected in early August and activation targeted for around September. If broad support is still absent by then, the initiative could result in a minority of nodes forming a separate chain.
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Bitcoin‘s performance in July has tracked its historical pattern, with the third quarter typically being the cryptocurrency’s slowest season on average. Market analysts have noted that Q3 tends to yield gains of approximately 6%, reflecting subdued summer trading conditions and lighter volumes.
Q3 Trading Patterns and Market DynamicsTraditionally, the third quarter is marked by reduced liquidity and lower participation among traders, which often leads to modest gains compared to the more active final quarter of the year. Analysts have attributed this seasonal weakness to vacations and generally lighter activity in global financial markets.
With its latest correction, Bitcoin has returned to a demand zone spanning from the mid-$55,000 level to the low $70,000s. This band, established as a significant area of resistance since 2021 before turning into support after 2024’s breakout, continues to serve as a guiding reference for price movement.
Price Action and Technical IndicatorsBitcoin’s price has pulled back notably from its all-time high of $110,000. However, some analysts believe the selling pressure may now be easing as BTC approaches the lower end of this established support range.
Technical analyst Chris identified a bearish divergence on the weekly Relative Strength Index (RSI). Although Bitcoin continues to form lower lows in price, the RSI is rising, which may suggest that downward momentum is beginning to weaken.
There is a structural falling wedge forming on the charts, which historically points to a bullish reversal potential. Bitcoin is also hovering near the bottom of the Ichimoku Cloud—an area that can often provide price support. A breakout from this wedge could increase the likelihood of upward price movement.
Mini dictionary: Ichimoku Cloud, a technical analysis tool that displays support/resistance levels and trend direction using multiple averages for a visual overview of an asset’s market momentum.
Focus on Bitcoin DominanceBitcoin dominance, which measures BTC’s share of the overall cryptocurrency market, has recently rebounded to a range between 64% and 70%. Crypto Patel reported that this metric returned to levels previously seen during major peaks in earlier cycles.
Analysts observed that when Bitcoin rejected this dominance range in 2018 and 2021, altcoins experienced significant gains. The most recent high for Bitcoin dominance was near 64.1%. Unless BTC dominance breaks above 70%, altcoins may continue to capture attention.
PeriodBTC Dominance HighAltcoin Performance2018Approx. 70%Altcoins saw strong rallies2021Approx. 64%Altcoins witnessed gainsPresent64.1%Potential for altcoin interest if resistance holdsIf this resistance at 70% is not breached, there could be broader gains across the altcoin sector. However, sustained dominance or a break above the historic range may limit these gains.
Market OutlookSeveral converging technical signals indicate that Bitcoin may be preparing for a pivotal reversal in its current cycle. The next few weeks are likely to be crucial, potentially shaping whether Bitcoin regains momentum or if the broader cryptocurrency market shifts toward an altcoin-led phase.
The outcome could determine Bitcoin’s next trend and influence whether the sector enters a fresh altcoin cycle, as technical indicators suggest a possible turning point is approaching.
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.
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.
TL;DR Bitcoin exchange-to-exchange flow plunged 91% from 1,800 BTC to 165.7 BTC in just 30 days. The decline closely followed Binance’s July 1 exit from the EU and EEA under MiCA regulations. Reduced European retail trading activity may be contributing to Bitcoin’s continued struggle below $65,000. A recovery in daily exchange flows above 800–1,000 BTC could signal that market liquidity has stabilized. Bitcoin’s exchange-to-exchange transfers have fallen to one of their lowest levels in weeks, with fresh on-chain data suggesting that the sharp decline may be tied to the completion of Europe’s largest crypto exchange migration.
This is following Binance’s regulatory exit from the European Union. According to CryptoQuant data, exchange-to-exchange flow dropped from around 1,800 BTC on June 14 to just 165.7 BTC by July 12, representing a 91% decline in only 30 days.
BTC Exchange Flow Data | Source: CryptoQuant The dramatic slowdown comes shortly after Binance ceased operations across the EU and EEA under the bloc’s Markets in Crypto-Assets (MiCA) framework, potentially explaining why Bitcoin has struggled to establish a convincing move above the $65,000 level despite several attempts.
The CryptoQuant chart shows a noticeable spike in exchange-to-exchange transfers during mid-June, followed by a steep decline throughout early July. While such movements are often associated with changing market sentiment, the timing closely aligns with one of Europe’s most significant regulatory developments.
Binance’s EU Departure May Have Triggered the Shift On July 1, 2026, Binance officially lost its authorization to operate across the European Union and European Economic Area after failing to continue operations under MiCA requirements. In the weeks leading up to that deadline, many European customers transferred their Bitcoin from Binance to regulated exchanges, creating an unusually large volume of exchange-to-exchange transactions.
That migration appears to have peaked around June 14, when transfers climbed to roughly 1,800 BTC. Once users had completed moving their assets, those flows rapidly subsided.
By July 12, exchange-to-exchange transfers had fallen to only 165.7 BTC, marking one of the weakest readings seen in recent months. Rather than reflecting panic selling, the data suggests that the bulk of European users had already completed their transition to alternative trading venues.
The migration illustrates how regulatory changes can temporarily distort on-chain metrics, particularly when millions of dollars in digital assets move between centralized exchanges.
Lower Liquidity Could Explain Bitcoin’s Price Consolidation Bitcoin has repeatedly tested resistance around the $65,000 mark since early July but has struggled to sustain a breakout. One possible explanation is the temporary reduction in active trading liquidity caused by Binance’s withdrawal from Europe.
European retail traders represented a meaningful portion of Binance’s spot market activity. As those users spent weeks relocating funds and opening accounts with new providers, normal trading volumes naturally slowed. Instead of actively buying Bitcoin, many investors were focused on transferring assets, completing identity verification, and re-establishing trading positions on compliant platforms.
This temporary disruption may have reduced the buying pressure that previously supported Bitcoin during its attempts to reclaim higher price levels.
Rather than signaling weakness in Bitcoin’s long-term outlook, the data points to a market adjusting to a major structural change in where European trading activity takes place.
The key indicator now may not be Bitcoin’s price alone but whether exchange-to-exchange activity begins recovering.
According to the analysis accompanying the CryptoQuant data, a sustained return of daily exchange transfers to around 800 to 1,000 BTC could indicate that European liquidity has successfully settled across regulated exchanges such as Kraken, Coinbase, and regional European platforms.
If that occurs, the market could regain the liquidity needed to support another attempt at breaking above recent resistance levels. Until then, Bitcoin may continue trading within a relatively narrow range as market participants adjust to the changing exchange landscape.
Both Michael Saylor, founder of Strategy, and Adam Back, co-founder of Blockstream and inventor of Hashcash, have opposed the implementation of the extremely controversial Bitcoin Improvement Proposal 110 (BIP 110).
They believe that the measure threatens the foundational principles of the network.
"110 things more dangerous than spam"BIP 110 seeks to implement protocol-level filters to reject transactions deemed as "spam" (arbitrary data, such as digital artifacts or tokens, into the blockchain).
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Saylor, whose corporate treasury holds over 843,000 Bitcoin, recently took to X's social media network to oppose the proposal. "There are 110 things more dangerous to Bitcoin than spam," Saylor stated on X.
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As noted by Saylor, the controversial proposal turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions," Saylor explained.
For Saylor, the mechanism proposed to implement it is the real danger. "That precedent is the danger," he warned. "We should save our energy for threats that really matter."
"Policing" transactionsBack, a veteran cryptographer who was cited in the original Bitcoin whitepaper, warned that the approach BIP 110 supports is actually at odds with the ethos of permissionless money.
"The decentralization needed to create cypherpunk money has implications," Back wrote in a lengthy post. "A side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that is working against what BIP 110 wants, which at its most basic is a quest to police other people."
Back claims that hates spam "with a passion," but attempting to mandate behavior at the protocol level is a mistake. "You can modify your software, but not anyone else's," he noted. "Bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties."
Pushing BIP 110 forward without consensus will inevitably result in a network split, according to Back. "If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork," Back stated bluntly. "But Bitcoin won't be joining it."
Back also pushed back against community claims that the Bitcoin Core developer team is being manipulated by outside funding. "Funders of not-for-profits are 'no strings', not even taking part in the grant decisions," Back clarified. He noted that donors often don't even review the annual summaries of what developers worked on. "They just want to help BTC stay robust."
Terawulf has entered into a significant $19 billion, 20-year lease agreement with AI company Anthropic, covering 400MW of compute power. This deal appears to reflect a growing trend among major Bitcoin holders and miners to reassess the value of Bitcoin against potential returns from AI infrastructure. Additionally, MicroStrategy, a major corporate Bitcoin holder, has sold 3,588 BTC, its largest sale since 2020, redirecting $65 million into developing an AI data center. This series of moves suggests a market shift where AI compute yield is increasingly being prioritized over Bitcoin holdings, potentially impacting Bitcoin’s perceived value as a hedge.
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Key Takeaways Terawulf’s $19 billion lease with Anthropic suggests a major shift in focus towards AI infrastructure. MicroStrategy’s sale of 3,588 BTC and investment in AI data centers indicates a reevaluation of Bitcoin’s hedge value. Markets are adjusting Bitcoin’s valuation against AI compute yield, suggesting potential changes in Bitcoin’s role in portfolios. What to Watch Observers should monitor any further investments by major Bitcoin holders into AI and related technologies, as this could further influence Bitcoin’s market dynamics. Future announcements from large holders like MicroStrategy or emerging developments in AI infrastructure could be consistent with scenarios where Bitcoin’s price faces additional pressure. Additionally, regulatory developments affecting AI investments or Bitcoin holdings could further impact market perceptions and valuations.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.8% — — View market → August 1 2026 48% — — View market → August 1 2026 23% — — View market → August 1 2026 22.5% — — View market → August 1 2026 2.7% — — View market → August 1 2026 84% — — View market → August 1 2026 0.1% — — View market → August 1 2026 5.2% — — View market → August 1 2026 0.9% — — 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 11.5% — — View market → August 1 2026 1.2% — — View market → August 1 2026 1% — — 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 76% — — View market →
Blockstream co-founder Adam Back and Strategy founder Michael Saylor have publicly opposed BIP 110, a proposed temporary soft fork for Bitcoin. A Wu Blockchain post summarized their comments on July 12. Back said the plan attempts to police transactions that other users choose to send. He argued that this approach conflicts with Bitcoin’s decentralized and permissionless design.
Summary
Adam Back and Michael Saylor reject BIP 110, citing censorship concerns and potential fork risks. BIP 110 would temporarily restrict large data fields while preserving outputs created before network activation. Miner signaling remains near zero, far below the proposal’s required 55 percent activation threshold today. Adam Back and Michael Saylor Oppose BIP 110 on Bitcoin
Blockstream co-founder and Hashcash inventor Adam Back and Strategy founder Michael Saylor both opposed implementing BIP 110 on the Bitcoin network. Back said BIP 110 attempts to police other people’s transactions and… pic.twitter.com/XLGZqYvyRw
— Wu Blockchain (@WuBlockchain) July 12, 2026 Back also warned that supporters could create a separate chain if they enforce rules without broad agreement. Saylor made a similar case in his public statement. He said, “BIP 110 turns a spam dispute into a consensus change” that would reject some transactions that Bitcoin currently accepts. Saylor called that precedent “extremely dangerous” and said developers should focus on larger threats.
What BIP 110 would change The official BIP 110 specification calls it the Reduced Data Temporary Softfork. It would apply extra consensus rules for about one year. These rules would restrict large data fields, some Taproot features, and several methods used to place images or other files inside transactions. The proposal keeps OP_RETURN outputs within an 83-byte limit and restricts several payloads to 256 bytes.
The proposal says these limits would reduce data storage on Bitcoin and keep the network focused on money. It exempts UTXOs created before activation, so existing outputs remain spendable under the old rules. Supporters say the measure would reduce storage demands on node operators. Critics say fee-paying users should decide how they use block space.
Luke Dashjr keeps backing the proposal Bitcoin developer Luke Dashjr continues to support BIP 110. A July 6 crypto.news report said he rejected calls to withdraw it and stated, “It’s too late to cancel BIP110.” He argues that Ordinals, Runes, and similar uses place non-financial data on Bitcoin and raise the long-term cost of storing and serving the blockchain.
Earlier crypto.news report covered Back’s earlier response to supporters who claimed discussion channels had blocked the proposal. Back rejected that claim and said many participants had already reviewed the plan. The report found low node support and no clear backing from a major mining pool at that stage.
Miner support remains far below the threshold BIP 110 uses a modified activation process. Miners can lock it in by signaling support in 1,109 of 2,016 blocks, equal to 55%. The specification sets mandatory signaling before block 963,648 and activation at block 965,664, expected around September 1, 2026. The temporary rules would then remain active for about one year.
Current support remains far below that level. Reporting published July 12 said miner signaling stood at zero in the active period and had never exceeded about 1% in earlier periods. No major mining pool had supported the proposal. Without broad adoption, nodes enforcing BIP 110 could follow a minority chain while other nodes continue accepting existing transaction rules.
Exchanges, wallets, miners, and node operators now face an August planning window. They must decide which software and rules they will support before the mandatory signaling period. Market participants can track centralized exchange reserves through DeFiLlama’s CEX dashboard, though those figures do not measure Bitcoin consensus support. The BIP 110 outcome will depend on software adoption, miner signaling, and user decisions across Bitcoin.
Transfers of Bitcoin between centralized exchanges have dropped to the lowest levels seen in weeks, following Binance’s recent exit from the European Union and European Economic Area. Data from analytics platform CryptoQuant show that exchange-to-exchange flow fell sharply, from about 1,800 BTC on June 14 to just 165.7 BTC by July 12. This represents a 91% decline in only 30 days, with the timeline coinciding closely with Binance’s withdrawal from the region.
Regulatory changes affect Bitcoin network flowsBinance, one of the world’s largest cryptocurrency exchanges, ceased operations across the EU and EEA on July 1, 2026, after it was unable to meet the Markets in Crypto-Assets (MiCA) framework’s requirements. This regulatory shift triggered millions of dollars in asset migration, as European customers moved their Bitcoin holdings from Binance to new or existing accounts with regulated trading platforms.
The buildup to Binance’s exit saw a marked rise in Bitcoin flows between exchanges. Activity spiked in mid-June, with exchange-to-exchange transfers peaking at around 1,800 BTC on June 14. Once users completed their migration, transfer volumes quickly declined, dropping to 165.7 BTC by July 12. This figure marks the lowest activity since before the recent regulatory transition.
European customers significantly increased transfers between exchanges before the July 1 deadline, but after most users completed their asset shift, daily exchange flows sharply decreased, showing overall market activity has cooled.
Industry analysts suggest the sharp fall does not reflect panic selling. Instead, the drop indicates that the majority of European traders had already moved funds to regulated venues, and the extraordinary busy period had passed. The migration period temporarily inflated crypto exchange activity before returning to relatively subdued levels.
Mini dictionary: MiCA (Markets in Crypto-Assets) is a European Union regulatory framework designed to standardize rules for crypto asset service providers and trading platforms in the region, focusing on investor protection and market integrity.
Liquidity impact on Bitcoin’s price movementBitcoin has struggled to break above the $65,000 resistance level in recent weeks, despite several attempts. The reduction in exchange-to-exchange flows suggests limited liquidity, as many European retail traders spent weeks transferring funds and adjusting to new platforms instead of actively trading.
Analysts point to the disruption caused by Binance’s departure. As one of the main trading venues in Europe, Binance accounted for a significant share of spot trading activity. With so many users focused on asset transfers and opening new accounts, regular buying and selling slowed, dampening the upward pressure on Bitcoin’s price.
Recent data does not suggest long-term weakness in the Bitcoin market but rather a temporary adjustment as traders shift to compliant exchanges. Activity may recover once users settle into new platforms and resume normal trading routines.
DateBTC Exchange FlowsJune 14, 20261,800 BTCJuly 12, 2026165.7 BTCIndustry researchers believe that an increase in daily exchange flows back above 800 to 1,000 BTC could signal a return to stable liquidity. Such a recovery would indicate European capital has been redistributed across compliant exchanges, including large global platforms like Kraken and Coinbase as well as local operators.
A continued rise in daily transfer volumes would suggest market liquidity is normalizing and might allow for renewed upward moves in Bitcoin if buying activity returns.
Until then, Bitcoin may continue trading within a relatively tight range, as participants finish adjusting to regulatory changes and the restructured exchange landscape in Europe.
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.
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.
Brian Armstrong, CEO of Coinbase, has proposed a novel approach to addressing the United States’ $39 trillion national debt by utilizing Bitcoin as a “hard-backed currency.” Armstrong argues that the U.S. Constitution does not provide adequate protections against unchecked government spending and the potential loss of reserve currency status. His proposals include advocating for constitutional reforms and leveraging technological advancements in AI, robotics, and cryptocurrencies to foster economic hyper-growth. The idea has sparked discussions within the crypto community about Bitcoin’s potential role as a hedge against fiscal excess, although critics remain skeptical about its feasibility given the current scale of the debt.
The announcement has had varying impacts on prediction markets concerning Bitcoin’s price targets for July 2026. Notably, the market predicting Bitcoin reaching $65,000 shows 84% support for a YES outcome, indicating a high confidence level among participants. However, the sentiment is less supportive for Bitcoin reaching higher targets, with a market for a $67,500 price showing 48% YES, and only 1% YES for an $82,500 target. This suggests that while Armstrong’s proposal may have injected some positivity into Bitcoin discussions, the market remains cautious about significant near-term price jumps.
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Armstrong’s advocacy for Bitcoin as a strategic reserve reflects ongoing debates about the cryptocurrency’s role in global finance. While his plan is ambitious, the lack of immediate concrete actions or high-level financial endorsements tempers expectations. Market participants continue to weigh the potential for Bitcoin as both a financial tool and a speculative asset in addressing large-scale economic challenges.
Key Takeaways Armstrong’s proposal appears to suggest using Bitcoin as a strategic reserve to combat U.S. debt, sparking discussion within the crypto sector. Market pricing implies participants are cautiously optimistic, with significant support for Bitcoin reaching $65,000 but limited confidence in higher targets. The proposal may indicate a broader trend of exploring cryptocurrencies as solutions to economic challenges, though practical challenges remain. What to Watch Observers should monitor any further statements or endorsements from influential financial institutions or policymakers that could shift sentiment regarding Bitcoin’s role in addressing national debt. Developments in legislative or constitutional reform efforts related to Armstrong’s proposals could also impact market perceptions. Additionally, any significant movements in Bitcoin’s price, particularly related to external factors like ETF inflows or macroeconomic conditions, may influence market dynamics and participant sentiment.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.8% — — View market → August 1 2026 48.5% — — View market → August 1 2026 23% — — View market → August 1 2026 22.5% — — View market → August 1 2026 2.7% — — View market → August 1 2026 84% — — View market → August 1 2026 0.1% — — View market → August 1 2026 5.2% — — View market → August 1 2026 0.9% — — 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 11.5% — — View market → August 1 2026 1.2% — — View market → August 1 2026 1% — — 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 76% — — View market →
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Somewhere out there, a hobbyist plugged a device roughly the size of a coffee mug into their wall, connected it to the internet, and won the Bitcoin mining equivalent of Powerball. Using a Bitaxe ASIC miner that retails for around $250, a solo miner successfully found a complete Bitcoin block around July 12, 2026, earning the full 3.125 BTC subsidy plus transaction fees.
The expected wait time for a device like this to mine a block? Approximately 18,000 years.
The math that makes this absurd The Bitaxe is a compact, open-source ASIC miner that hums along at roughly 1 to 1.2 terahashes per second. It draws between 15 and 25 watts of power, which is less than a light bulb.
To put the odds in sharper relief: a similar setup running at 6 TH/s, which is already several times more powerful than the winning device, would have daily odds of approximately 1 in 180 million. The miner that actually hit the block was working with even less firepower.
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The block reward of 3.125 BTC translates to somewhere between $200K and $270K depending on the price of Bitcoin at the time.
How solo mining actually works at this scale Solo mining doesn’t mean a miner is completely alone in the wilderness. Hobbyists typically connect to solo mining pools like CKPool or Braiins Solo, which handle the infrastructure of submitting valid blocks to the network. The critical difference from traditional mining pools is that the miner who finds the block keeps the entire reward, rather than splitting it proportionally across all participants.
Multiple solo mining successes by hobbyists running sub-10 TH/s miners have been reported between 2025 and early 2026.
Why the big miners aren’t worried Large-scale mining operations dominate Bitcoin’s total network hashrate by an overwhelming margin. Industrial facilities running thousands of next-generation ASICs are the ones securing the network and collecting the vast majority of block rewards.
Bitcoin’s price didn’t move because of this event. No mining company’s stock reacted. The network kept producing blocks every ten minutes on average, as it always does.
What the event does illustrate is something more fundamental about Bitcoin’s design. The protocol is genuinely permissionless. A $250 device has the same theoretical chance per hash as a $250 million mining facility. The facility just gets astronomically more hashes per second.
What this means for the curious and the cautious Running a Bitaxe costs almost nothing in electricity. At 15-25 watts, you’re looking at maybe a few dollars per month depending on your local power rates. The device itself is a one-time $250 expense.
The real takeaway for anyone considering this path: treat it like entertainment spending, not an investment thesis. At 1 TH/s against the current network difficulty, the expected wait time to mine a block is approximately 18,000 years. But as this hobbyist just demonstrated, statistics describe populations, not individual outcomes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple CEO Brad Garlinghouse has revealed that the company considered shutting down after facing a lawsuit from the US Securities and Exchange Commission (SEC) in 2020 over its XRP token. Garlinghouse explained that Ripple’s leadership debated distributing its XRP reserves among shareholders and ending operations, but ultimately chose to defend the company to protect the jobs of hundreds of employees.
Ripple’s legal struggle and financial burdenThe decision to stay operational came at a high cost. Over four years of legal battles, Ripple spent approximately $150 million in legal fees, and its US business activities slowed significantly for about five years as a consequence of the ongoing litigation.
The SEC not only targeted Ripple as a company but also named Garlinghouse personally in the lawsuit due to his sales of XRP. Regulators proposed dropping the case against him individually in exchange for a fine, but he declined, maintaining that both he and Ripple had acted within the law.
Garlinghouse emphasized that shutting down would have risked hundreds of jobs and explained that both he and Ripple stood their ground to ensure the company’s survival despite tremendous legal pressure.
XRP versus Bitcoin: Comparing transactions and technologyGarlinghouse highlighted differences between XRP and Bitcoin, noting that while an XRP transaction typically completes within four seconds and costs less than a cent, a Bitcoin transaction can take about ten minutes and may cost around $10. He explained that Ripple develops and sells financial software to banks and institutions, rather than individuals.
The company’s products use the open-source XRP Ledger to enable quick, low-cost transactions for clients in the financial sector.
Mini dictionary: XRP Ledger, an open-source blockchain designed for fast, efficient, and low-cost cross-border payments, serving as the underlying system for XRP transactions.
AspectXRPBitcoinAverage transaction speed4 seconds10 minutesAverage fee per transactionLess than 1 centAbout $10Intended useBank and financial institution paymentsPeer-to-peer digital cashSEC lawsuit and regulatory clarity concernsGarlinghouse described the SEC’s approach as outdated, arguing that regulators had attempted to apply financial rules from earlier decades to emerging blockchain technologies. He cited the swift legal reforms that supported the internet industry in the mid-1990s, and suggested that the crypto industry required similarly clear regulations to grow responsibly.
Despite Ripple’s requests for guidance, the SEC insisted that XRP constituted a security rather than a currency or commodity. Garlinghouse argued that securities typically offer holders equity or decision-making power within a company, which was not the case for XRP buyers, who received neither shares nor dividends from Ripple.
Ongoing battle and aftermathRipple remains a privately held company, having raised capital from investors through equity funding in 2012, 2015, and 2016. Garlinghouse maintained that while Ripple held substantial XRP reserves, it did not control the XRP Ledger, and likened XRP’s function more closely to Bitcoin than corporate stock.
The SEC’s action was civil, not criminal, but posed steep penalties. During his visits to the SEC office between 2017 and 2019, Garlinghouse represented himself and consistently denied categorizing XRP as a security, stating he simply sought to explain Ripple’s technology to regulators. He said he was never told by SEC officials that they considered XRP a security during these meetings.
Garlinghouse questioned whether the SEC’s logic would make every XRP seller liable for securities law violations, and described the legal tactics as “distasteful” and “maybe unethical.”
After a four-year court battle, Ripple prevailed, though appeals were considered under the former SEC chair. Garlinghouse noted that a change in SEC leadership during the legal process led to a more open dialogue between the agency and crypto companies.
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.
Ethereum [ETH] has historically struggled to sustain its outperformance against Bitcoin.
On the technical front, ETH/BTC last posted a strong quarterly rally in Q3 2025, surging 53%, marking its biggest quarterly gain since Q2 2021. However, sellers erased 50% of those gains as the rally lost momentum. This suggests the rotation was temporary, as capital continued to flow into Bitcoin.
Against this backdrop, the ratio’s 5% rally so far in Q3 appears too early to confirm a sustained rotation from Bitcoin into Ethereum. At the same time, Bitcoin dominance is once again pushing toward the key 60% resistance level, gaining 1.5% in July and signaling that capital may already be rotating back into Bitcoin.
Source: TradingView (ETH/BTC) That said, Eric Trump’s recent post on X points in the opposite direction, supporting Ethereum’s rally.
Meanwhile, the on-chain data tells a similar story. Ethereum’s outperformance against Bitcoin [BTC] isn’t happening in isolation. Institutional positioning continues to back the move, with Ethereum ETFs attracting over $128 million in net inflows so far this month, outperforming Bitcoin. Meanwhile, Ethereum’s DATs are recovering, adding further support to Ethereum’s recent strength.
With that said, it may be too early to write off the current ETH/BTC uptrend as just another short-term rotation. The bigger question is whether smart money is positioning ahead of a structural shift that the broader market has yet to price in.
Ethereum’s latest catalyst puts the ETH/BTC ratio in the spotlight A key catalyst may be reinforcing the institutional rotation into Ethereum.
Tom Lee pointed to Robinhood’s recently unveiled Layer 2 chain as a major differentiator, calling it a breakout product that has already generated more volume than many established DEXs. More importantly, the network uses ETH as its native gas token, and settles on Ethereum Layer 1. As activity on the chain grows, each transaction feeds back into Ethereum’s ecosystem, strengthening the long-term demand case for ETH.
The on-chain data backs this up. As the chart below shows, the amount of ETH bridged from Ethereum Layer 1 to the Robinhood Chain has jumped nearly 10x over the past week, surpassing $100 million. That suggests users are actively moving liquidity into Robinhood’s Layer 2 ecosystem, with ETH emerging as the network’s core asset for gas, settlement, and on-chain activity.
Source: Token Terminal In this context, Ethereum’s outperformance against Bitcoin may be more than just another rotation.
Instead, the move looks increasingly driven by improving fundamentals, as institutional inflows, growing Layer 2 activity, and rising on-chain demand continue to strengthen Ethereum’s long-term investment case. If that trend holds, the ETH/BTC breakout could be the first sign of a broader capital rotation into Ethereum through Q3.
Final Summary Ethereum’s rally against Bitcoin is backed by ETF inflows, stronger on-chain activity, and Robinhood’s Layer 2 ecosystem. If these trends continue, the ETH/BTC breakout could signal a broader shift of capital into Ethereum in Q3.
Dogecoin (DOGE) is drawing renewed attention as it approaches a significant technical level that some analysts identify as a potential catalyst for a breakout. While current trading patterns indicate a stabilization of bearish momentum, broader market sentiment continues to play a critical role in DOGE’s near-term trajectory.
Technical signals and current DOGE priceDogecoin is currently trading at $0.07306, reflecting a 1.42% loss over the past 24 hours. The cryptocurrency’s 24-hour trading volume stands at $423.83 million and its market capitalization totals $11.31 billion. Despite recent downward price action, technical analysts note a gradual decrease in selling pressure, which suggests the possibility of a bullish reversal.
Javon Marks, a digital asset analyst, emphasized that DOGE has consistently exhibited a technical price pattern throughout previous market cycles. Marks and other commentators have pointed to repeated formations that historically preceded significant upward rallies for the coin.
Recent analysis of DOGE charts indicates a potential breakout phase, which, if buying momentum builds, could propel the token into a parabolic rally. Analysts have outlined possible upside targets at $0.6533, $1.20, and $2.80. Reaching these levels would represent an 8 to over 10 times increase compared to the current price.
However, several analysts have cautioned that these targets remain speculative and are closely tied to the direction of the broader crypto market, particularly Bitcoin. The future of DOGE is likely to remain tied to overall market sentiment and the trajectory of leading cryptocurrencies.
Recent price history and market structureAccording to technical data from TradingView, Dogecoin transitioned from a strong spring rally, which lifted the price above $0.1150 in mid-May, to a summer period dominated by bearish sentiment. June’s selling pressure pushed DOGE down to the $0.0700 region, and it is now trading 1.15% below the $0.07320 level.
The Relative Strength Index (RSI) for DOGE currently sits near 35.95. This lower reading typically suggests the asset is oversold, signaling weakening selling pressure, but also highlights that the downward trend has remained in place since May. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator, though still in negative territory, shows a narrowing histogram, reinforcing signs that bearish momentum is fading.
Mini dictionary: MACD (Moving Average Convergence Divergence), a momentum indicator used in technical analysis, helps reveal changes in the strength, direction, momentum, and duration of a price trend in an asset’s chart.
PeriodDOGE Price HighDOGE Price LowMid-May 2024Above $0.1150$0.0900June 2024–$0.0700Market outlook and investor cautionWhile technical signals are increasingly supportive of a turnaround, analysts urge caution. Expectations of a recovery for DOGE rely heavily on buyers holding existing support levels and reclaiming key resistance. A breakout accompanied by rising trading volume could attract new investors and reinforce the bullish scenario.
Analysts have stated that, with upside targets between $0.6533 and $2.80, DOGE could post substantial gains if a breakout occurs, but stressed that Dogecoin’s next moves remain largely dependent on overall crypto market conditions and Bitcoin’s price stability.
Continued sideways movement or renewed declines in Bitcoin and other major cryptocurrencies could prolong the current stagnation in the Dogecoin market. Observers are monitoring Bitcoin’s recent steadiness as a potential signal for improvements across the wider crypto sector.
Dogecoin, originally created as a meme-based cryptocurrency in 2013, now ranks among the largest cryptocurrencies by market value and is closely watched for large price swings often fueled by social media discussions and retail enthusiasm.
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.
Someone filed a lawsuit in New York trying to claim ownership of 39,069 dormant Bitcoin addresses. The Bitcoin Policy Institute would very much like them to not succeed.
BPI, a non-partisan think tank focused on Bitcoin policy, has filed a motion to intervene in a New York County Supreme Court case that could redefine what it means to “own” Bitcoin you haven’t touched in a while. The case, filed in May 2026 by a pseudonymous plaintiff called “Noah Doe” alongside two Wyoming entities, argues that Bitcoin sitting untouched in wallets for five to six years qualifies as abandoned property under New York Personal Property Law Article 7-B.
The estimated holdings in those dormant wallets: approximately 3.7 million BTC. At the time of filing, that stash was valued somewhere between $237 billion and $293 billion.
The legal theory, and why it matters BPI’s position is straightforward. Self-custodied Bitcoin isn’t abandoned just because it hasn’t moved on-chain recently. The whole point of self-custody is that you hold your own keys, on your own timeline, without needing to prove to anyone that you’re still paying attention.
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The Digital Chamber, a prominent blockchain advocacy group, filed an amicus brief on July 6 supporting BPI’s stance. Their argument cuts to the core concern: if a court accepts the idea that dormant wallets are abandoned property, it creates legal jeopardy over title for every self-custodied wallet in existence.
Cracks in the plaintiff’s case The lawsuit has already gotten smaller. Some of the originally targeted wallets have shown on-chain movement since the case was filed, which forced the plaintiffs to narrow their claims.
This detail is quietly devastating to the abandonment argument. Bitcoin wallets don’t come with expiration dates. There’s no mechanism in the protocol that transfers ownership after a period of inactivity. The blockchain doesn’t care whether you last moved your coins five minutes ago or five years ago.
BPI filed its motion to intervene in early July 2026, recognizing that this case could set a far-reaching precedent affecting property rights worth hundreds of billions of dollars.
What this means for investors If you hold Bitcoin in a self-custodied wallet, this case should be on your radar. A ruling in favor of the plaintiffs wouldn’t just affect dormant wallets. It would fundamentally alter the legal landscape around Bitcoin ownership in New York, and potentially beyond.
On the other hand, a ruling that self-custodied Bitcoin cannot be classified as abandoned property would be a landmark win for digital property rights. It would reinforce the legal legitimacy of long-term holding strategies and provide clarity that has been conspicuously absent from US digital asset law.
The BPI and Digital Chamber interventions signal that the crypto industry isn’t going to let this question be answered quietly. With nearly 3.7 million BTC potentially at stake and a legal precedent that could ripple across every jurisdiction in the country, this New York courtroom has become ground zero for the future of digital property rights.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The cryptocurrency market is a 24/7 arena filled with constant motion and instant changes. While you’re asleep at midnight, Bitcoin’s price can suddenly surge, or while you’re sitting in a meeting, your favorite altcoin might hit a local bottom. In such a fast-moving market, gaining an edge requires one essential thing: a smart assistant that delivers complete, real-time data without delay. This is exactly where a lightweight yet highly capable app steps in available on both iOS and Android, natively supporting English, Spanish and Turkish, and removing the hassle of mandatory sign-ups: CryptoAppsy.
Everything on a Single ScreenFrom the moment you open the app, you’re greeted with real-time prices for thousands of cryptocurrencies from Bitcoin to the latest newly launched altcoins. CryptoAppsy processes data pulled from global exchanges within milliseconds and delivers automatic updates every 5 seconds. This ensures you never miss arbitrage opportunities and can catch sudden price movements the moment they happen.
In the Dashboard tab, you can view your favorites, portfolio, price alerts, and personalized news all on a single screen and updated automatically in real time. Instead of jumping between multiple exchanges or pages, you stay focused on the assets that matter most to you. Below, you can see examples of the price and dashboard screens.
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A Feature You Won’t Find Elsewhere: Multi-Currency Portfolio ManagementCryptoAppsy also offers a smart portfolio management tool designed to help you track your investments holistically. When you manually define your portfolio within the app, your total asset value is automatically recalculated every 5 seconds using live exchange rates. There’s no need to create spreadsheets to see your performance your real-time profit and loss figures are always visible on screen.
What truly sets CryptoAppsy apart is its unique multi-currency support. Even if you purchased different coins using different fiat currencies such as USD, TRY, EUR, JPY, GBP, CNY, AUD, CAD, CHF, HKD, or SGD all your positions are tracked simultaneously and presented as a total portfolio value in any fiat currency you choose. For example, even if you bought BTC in USD and ETH in GBP, the app instantly aggregates everything using live rates and displays your total value in USD, EUR, or any supported currency. This level of flexibility is a major convenience rarely found in similar apps.
A News Feed Tailored to Your PortfolioIn the crypto world, information is just as valuable as capital. However, cutting through the noise can be difficult. CryptoAppsy solves this with its integrated News section. The app delivers up-to-date news summaries in the language you’re using Turkish, English, or Spanish curated by experienced editors from dozens of trusted sources and presented in clear, concise formats.
The best part? You can filter the news feed to show only articles related to the cryptocurrencies in your own portfolio. As shown above, once you activate the My Portfolio filter, the app lists only the latest news relevant to your investments. A single tap is enough, and the app remembers your preference every time you open it. You can also filter news by specific coins such as BTC or ETH and access the original sources with just one touch.
Additionally, the Live Feed within the News tab lets you follow breaking developments instantly on a single screen. The Weekly Highlights section shows all major upcoming events for the week, clearly indicating the day and time of each. This way, instead of wasting time on social media rumors, you get critical, market-moving information directly from reliable sources without extra effort.
Discover Newly Launched Coins InstantlyThe Index tab features comprehensive crypto market data along with newly listed cryptocurrencies. Coins that are freshly listed on exchanges appear instantly, giving you first-hand access to details such as launch time, price, volume, market capitalization, and even the blockchain they’re built on. By discovering new projects early before prices peak you gain the opportunity to position yourself ahead of the market. Advanced chart views also allow you to review historical data with just a few taps and analyze trends effortlessly.
Key Macroeconomic Indicators at a GlanceWithin the Index section, CryptoAppsy also includes a Macro Data card. Here, you can track the most important indicators affecting crypto markets, such as upcoming Federal Reserve meeting dates, Fed interest rate expectations, U.S. 10-year Treasury yields, the DXY dollar index, and U.S. unemployment rates. Each data point is interactive, allowing you to view historical charts with a single tap.
Smart Price AlertsIn crypto markets, anything can happen at any moment and it’s not always possible to stay glued to a screen. That’s why CryptoAppsy offers advanced 🔔 smart price alerts. When a cryptocurrency reaches a price level you’ve set, the app sends you an instant push notification. Whether it’s a sudden surge or a sharp drop, you’re informed immediately even if you’re fast asleep at night. These alerts help users avoid emotional decision-making and stay aligned with their predefined strategies. Even when the app isn’t open, CryptoAppsy continues monitoring the market in the background, standing guard on your behalf so you never miss an opportunity.
What Users Say: A 5.0/5 Rated ExperienceUser feedback clearly confirms the value CryptoAppsy delivers. With ⭐5.0 on the App Store and ⭐4.7 on Google Play, reviews frequently highlight phrases like “perfect for beginners,” “excellent news summaries,” “clean and eye-friendly design,” and “no need for another app.” Many users also note that fast notifications help them act on opportunities without delay. This high satisfaction shows that CryptoAppsy is a reliable and practical solution for both newcomers and active traders alike.
Thanks to its intuitive design, even first-time users can navigate CryptoAppsy without wondering, “What should I do next?” The interface is simple and beginner-friendly, while remaining fast and performance-focused for experienced traders. Its lightweight structure ensures smooth operation even on older devices. There’s no email verification or registration required just download the app and start tracking the market within seconds. Beginners can explore confidently, while professionals benefit from the speed required when milliseconds matter.
Whether you’re preparing to make your first crypto investment or actively trading on a daily basis, CryptoAppsy is the ideal companion for simplifying market complexity and saving you time. With real-time prices, personalized portfolio tracking, smart alerts, clean and live news feeds, and instant access to newly listed coins, CryptoAppsy stands out from the competition. Download CryptoAppsy now from the App Store or Google Play, take control of the crypto market, and start seizing opportunities today.
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.
Polymarket’s 5-minute Bitcoin prediction markets have become the crypto world’s fastest casino, and the house advantage belongs to whoever has the fastest bot. The platform’s binary contracts, which let traders bet on whether Bitcoin will be up or down at the end of each 5-minute window, have racked up $4 billion in cumulative trading volume since launching on February 12, 2026.
Traders are synchronizing Polymarket positions with spot Bitcoin trades in the final seconds of each 5-minute interval, effectively nudging the price just enough to tip the contract outcome in their favor. In English: they’re buying the prediction market equivalent of “Bitcoin goes up,” then actually pushing Bitcoin’s price up with a well-timed spot trade right before the clock runs out.
The speed gap is the whole game High-frequency trading firms, AI-powered bots, and algorithmic agents have flooded into Polymarket’s shortest-duration product. The first week alone generated roughly $200 million in volume, a pace that made clear this wasn’t a niche curiosity.
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Retail traders trying to compete face a brutal math problem. Market spreads on these contracts range from 2 to 5 cents, which might sound trivial until you consider the contracts are priced around $0.50. The standard fee runs approximately 1.56% at the $0.50 pricing level. Reported average win rates for live trading bots tell the story with uncomfortable clarity: 25% to 27% below breakeven.
How the manipulation works A trader takes a position on Polymarket predicting Bitcoin will finish the 5-minute window above its starting price. With seconds remaining, that same trader places a spot Bitcoin buy order large enough to push the price in the desired direction. The Chainlink oracle that Polymarket uses for price resolution and settlement captures that final-second price, the contract resolves in the manipulator’s favor, and the payout arrives.
For the prediction market industry, the manipulation concerns raise questions about settlement mechanism design. Using a single price snapshot from a Chainlink oracle at the exact end of a 5-minute window creates a precise target for manipulation. Alternative approaches, like using a time-weighted average price over the final 30 seconds, could raise the cost and complexity of gaming the settlement.
The bigger picture for prediction markets The 5-minute Bitcoin contracts have cannibalized longer-duration contracts on the platform, pulling volume and attention toward the shortest possible timeframes.
What this means for investors For retail traders tempted by the apparent simplicity of a binary up-or-down bet, the combination of spreads, fees, and speed disadvantages creates a structural edge for automated participants that individual traders cannot realistically overcome. The $4 billion in cumulative volume proves demand exists. The question is whether that demand can be served in a way that doesn’t systematically disadvantage the majority of participants.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Another analyst outlined the significance of $82,000 as a trend-changer.
Despite gaining over 10% since its recent multi-year low at under $58,000, bitcoin is still not out of the woods yet as the bears continue to dominate, said Ali Martinez.
Meanwhile, fellow analyst Ted Pillows believes BTC, alongside the S&P 500, is poised for more losses, but the cryptocurrency is poised to outperform the index.
Still Bear-Dominated Market In its most recent post on BTC’s market structure, Martinez outlined the three critical factors that have to change to overcome its current state. First, it’s the aSOPR (Adjusted Spent Output Profit Ratio), an on-chain metric measuring whether bitcoin investors are selling their units at a profit or a loss on average. It continues to hover below 1, showing that most sales are concluded by holders realizing losses.
“The first technical confirmation of a trend reversal from bearish to bullish will be the aSOPR metric crossing back above zero,” the analyst said.
The second is the Puell Multiple, which measures miner profitability by dividing the daily dollar value of newly issued BTC by its 365-day moving average. It shows whether miners are experiencing extreme income stress, as seen earlier this year during one of the largest miner walkouts.
The last factor brought up by Martinez was the Reserve Risk Multiple. The on-chain technical indicator demonstrates the confidence of long-term holders relative to its price, and it’s also below 1. Bitcoin would require a “confirmed break on the aSOPR, followed by zero-line breakouts on the Puell Multiple and Reserve Risk Multiple” to validate the start of a new bull market.
$82K and Its Importance Michaël van de Poppe believes $82,000 holds particular significance in the current BTC structure, as the 50-week Moving Average is positioned around that level. Historically, this key MA has served as major resistance, and bitcoin solidified the end of its previous bear market only after it reclaimed that line.
At first, BTC would have to break past the 21-week MA (currently around $75,000) before heading toward the more important 50-week MA, said van de Poppe.
You may also like: Bitwise Report: Crypto Fundamentals Are Getting Stronger Despite Third Straight Negative Quarter STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In Separately, Ted Pillows focused on bitcoin’s relation and correlation with the S&P 500, claiming that both asset classes will “drop over the coming months.” However, he expects the cryptocurrency to emerge victorious after the final leg down. For now, though, the reality is quite different, as the index is up by over 10% this year, while BTC is down by almost 27%.
The 60-day ceasefire between the United States and Iran is officially over, at least according to President Donald Trump. His declaration, made around July 8, marked a hard pivot from a mediated pause that had briefly calmed one of the most volatile geopolitical flashpoints of 2026 back into active military engagement, and markets felt it immediately.
Bitcoin, which had climbed above $72K earlier in the year partly on relief that a US-Iran deal was holding, reversed course sharply, falling toward and below the $60K level as the ceasefire collapsed. That is a drop of more than 16% from its 2026 peak.
What actually happened The ceasefire was part of a broader series of mediated pauses that had been brokered in the earlier months of 2026, aimed at containing a conflict centered on Iranian missile capabilities, nuclear proliferation concerns, and, critically, strategic control of the Strait of Hormuz.
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The Strait of Hormuz matters enormously. Roughly one-fifth of the world’s oil supply passes through that narrow chokepoint.
US strikes on Iranian targets and Iranian retaliatory responses broke the fragile truce. Trump’s announcement formalized what the exchange of fire had already made obvious: the ceasefire was done. He left one diplomatic door slightly ajar, noting that negotiations could still proceed through intermediaries, but the language of active hostility had returned.
Pakistan has reportedly been among the mediating parties attempting to bring both sides back to the table.
Why crypto traders are watching oil prices Oil prices surged on the renewed conflict, and that ripple hit crypto almost immediately. When oil spikes on conflict risk, it signals a broader repricing of global uncertainty. Institutional investors, who now hold significant crypto exposure, tend to reduce risk across their portfolios simultaneously. Bitcoin gets sold alongside equities, high-yield bonds, and other assets perceived as volatile.
Bitcoin’s slide toward $60K is a meaningful psychological threshold. Earlier in 2026, the asset had rallied above $72K, with the conditional ceasefire and a generally risk-on environment providing fuel.
The Strait of Hormuz angle adds another layer of complexity for energy-intensive industries, including crypto mining. A sustained oil shock that translates into broader energy price increases puts upward pressure on mining costs, which can reduce miner profitability and, in a prolonged scenario, affect the hash rate and network security dynamics of proof-of-work blockchains like Bitcoin.
What investors should watch next The nuclear dimension cannot be ignored either. The original ceasefire framework was designed partly around constraining Iranian missile and nuclear programs. A full breakdown of that framework reopens questions about nuclear proliferation that markets had tentatively set aside.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (CRYPTO: BTC) has staged a cautious recovery, reclaiming the key $64,000 resistance level as strong inflows into spot Bitcoin ETFs continue to support investor demand despite Strategy’s sales. BTC was trading at $64,150, up by 11% from its lowest level this year.
Bitcoin Price Rises as ETF Inflows RisesAmerican investors have started buying Bitcoin ETFs, a sign that they expect it to bounce back after falling by 55% from its highest point on record.
Data shows that spot Bitcoin ETFs have added $124 million in inflows this month. This is a good reversal after they experienced substantial outflows in May and June. They lost close to $7 billion in those two months.
Its goal is to raise over $1.5 billion in assets to boost its cash reserves after its preferred stocks came under pressure.
Empery Digital, another Bitcoin Treasury, another company, sold 1,400 coins to boost its cash reserves as it pivots to the artificial intelligence (AI) industry. Other companies may start selling their coins in the coming months, with some selling them at a loss.
Some analysts are optimistic that Bitcoin will rebound in the near term. In a recent statement, Standard Chartered, a top emerging market-focused bank, maintained its $100,000 price target. It also expects that the coin will jump to $500,000 in the long term. Bernstein, on the other hand, boosted its outlook to $150,000.
BTC Price Prediction: Technical AnalysisTechnicals suggest that Bitcoin has more upside potential in the near term. It has already jumped from a low of $58,130 to the current $64,100.
The coin has jumped above the 25-day moving average, a sign that the bulls have prevailed. Also, the two lines of the Percentage Price Oscillator have made a bullish crossover and are nearing the neutral level.
Bitcoin has also formed a double-bottom pattern and is nearing the neckline at $67,135. Therefore, BTC may continue rising, potentially to $80,000, a move that will be confirmed if it crosses the neckline at $67,135.
Image: Shutterstock
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Benjamin Cowen, a well-known data analyst in the cryptocurrency market, issued critical warnings to Bitcoin (BTC) investors.
Cowen, noting the similarity between current market dynamics and past major bear markets, said, “History is repeating itself,” and warned investors for the coming months.
Cowen noted that the current cycle in the Bitcoin market bears an eerily strong resemblance to past years, particularly the 2018 bear market. The analyst, essentially issuing a “three-month timeframe” warning to investors, argued that a final capitulation drop in the market may not yet have occurred.
Cowen argued that the price movements on the charts matched perfectly over time, using the following data:
February Lows: Both in 2018 and in the current period, a significant low was reached in February. March-April Rising Lows: In both periods, a higher low was recorded at the end of March and the beginning of April. Bitcoin experienced a local rally towards its 200-day moving average (MA) in May in both cycles. The most striking similarity occurred at the end of June and the beginning of July. In June 2018, Bitcoin hit a low of $5,700 before rebounding, and in this cycle, the $57,000 level was tested during the June/July period.
The analyst stated, “I keep telling myself that this pattern won’t continue, but the market stubbornly persists in playing this pattern.”
Cowen noted that historical data suggests a short-term and temporary relief rally might occur in July, but warned that these increases may not be permanent. Recalling that bear markets typically reach their final lows in the fourth quarter (Q4), the analyst predicted that this time, due to the peaks of time-based indicators, the final bottom could come earlier, perhaps at the end of September or in October.
Cowen shared possible bottom scenarios for Bitcoin by examining on-chain data and indicators:
The analyst estimates the probability of the absolute bottom having already been reached at only 40 to 45 percent. Therefore, the likelihood of one final downturn is higher. Cowen, noting that Bitcoin could fall below its “realized price” currently around $53,000, considers a drop to the highs of $40,000 and the lows of $50,000 a reasonable expectation. The ultimate “equilibrium price,” where all on-chain indicators would be completely reset and the bearish trend would end entirely, is currently just below $40,000. Cowen stated that a potential wick to this level would completely remove bearish scenarios from the table and signal a full-fledged shift to a “bullish outlook.” Explaining the macroeconomic reason behind this expected decline, the data scientist stated that the 10% to 20% corrections that periodically occur in stock markets in August or September are the factor that triggers the recent capitulation in Bitcoin. However, he argued that the decline in stock markets following this potential shock would force the Fed to cut interest rates, and that this would be the main fuel for a major rise (bull market) for cryptocurrencies as we enter 2027.
*This is not investment advice.
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The US has given Iran until Saturday to publicly commit to reopening the Strait of Hormuz and halt attacks on commercial shipping, or face unspecified consequences. A senior US official confirmed the ultimatum, which lands at a moment when roughly 20% of global oil shipments flow through the narrow waterway between Iran and the Arabian Peninsula.
For crypto markets, the timing is inconvenient. Bitcoin dropped to around $61,688 on July 9 as geopolitical fear drove investors toward the exits, a sharp reversal from prices above $65,000 that followed earlier de-escalation signals.
What’s actually happening in the Strait Iran’s escalation against commercial vessels in the Strait of Hormuz began ramping up in February 2026, setting off months of tit-for-tat confrontations with Washington.
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By mid-June, the two sides had reached a memorandum of understanding designed to restore safe passage through the chokepoint. That agreement has since deteriorated. Attacks on shipping resumed, and the US responded with military strikes in early July. The new Saturday deadline represents Washington’s latest attempt to force a resolution, though multiple prior deadlines in 2026 have produced only temporary ceasefires that didn’t hold.
The crypto angle is bigger than you think US authorities have frozen $344 million in crypto assets linked to Iranian activities amid this crisis. The seizure underscores Washington’s growing focus on cryptocurrency as a potential tool for sanctions evasion. There is limited evidence that Bitcoin is being used directly for transit payments connected to the Strait.
Why Saturday matters for your portfolio Bitcoin’s sensitivity to these events has been consistent throughout the 2026 Hormuz crisis. Each escalation has triggered sell-offs, and each diplomatic breakthrough has produced recoveries. When the initial memorandum of understanding was announced in June, Bitcoin pushed back above $65,000 as risk appetite returned.
More sanctions would likely mean more crypto asset freezes and more compliance pressure for exchanges. Expanded military action would spike oil prices, which historically correlates with broader risk-off sentiment.
The $344 million in frozen crypto assets is worth watching as a leading indicator. If that number grows significantly, it would suggest the US is expanding its enforcement net, with implications for exchanges and market liquidity beyond this particular crisis.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The worrisome trend has been extended to new companies after the recent sales by many miners and Strategy.
Bitcoin corporate treasury firms became a major thing in the past couple of years, led, of course, by Michael Saylor’s Strategy. Several such entities emerged during more favorable times for the entire crypto industry. Now, though, the landscape has changed, and there’s a new seller on the horizon.
Empery Digital has disposed of 1,400 BTC for just over $87 million, becoming the latest publicly traded Bitcoin treasury firm to monetize part of its holdings amid ongoing market pressure.
Empery Sells Too The firm published a Form 8-K filed with the United States Securities and Exchange Commission indicating that it has sold the units between May 7 and July 10 at an average price of approximately $62,200 per bitcoin. As such, it has reduced its crypto reserve by nearly half. As of the filing day of July 10, Empery held 1,514 BTC compared to 2,914 before the sales, alongside almost $74 million in cash.
The company said it will use the proceeds to support several corporate priorities rather than signal a complete withdrawal from bitcoin. Empery Digital’s EMPD stock actually rose by over 1.5% on Friday after the BTC sale news went viral.
The entity added that it used $10 million to repay part of its outstanding debt on July 7, leaving $45 million under its debt facility. Additional proceeds are earmarked for ongoing operations and high legal expenses connected to stockholder litigation. It will deploy a substantial portion of the newly acquired cash to help finance a previously announced property acquisition.
It also plans to expand into AI infrastructure, agreeing to invest $65 million for a 25% stake in a Hunt Properties-managed entity that is acquiring and redeveloping a power-intensive industrial facility in the US.
Joining the Pack As mentioned above, Empery Digital has joined a growing list of companies selling their BTC during this time of market distress. The largest corporate holder of the cryptocurrency actually made two sales in the past few months. The first was a minor one for just 32 units, while the second, announced earlier this week, was for a more significant 3,588 BTC.
You may also like: Bitcoin Shrugs Off Strategy FUD, Hits New 2-Week Peak in Early Signs of Structural Stabilization How Bitcoin Survived Its Biggest Miner Walkout Critics Say BIP-110 Could Break Self-Custody and Risk User Funds Analysts continue to debate whether this is only a net-negative development for bitcoin or if there is more to the story. The reality is that miners also made similar moves before Strategy. As reported in April, BTC miners sold more units in Q1 this year than the entire 2025 combined. On-chain data show they had disposed of over 32,000 BTC in Q1, which was described as the largest quarterly liquidation on record.
Real Vision Chief Crypto Analyst Jamie Coutts said that Bitcoin may be approaching the final stages of its current bear market, but the downturn is not yet technically over. According to Coutts, some signals emerging from long-term indicators suggest that selling pressure and negative momentum are beginning to weaken.
The Bitcoin price is trading approximately 50 percent below its all-time high of $126,100 recorded in October 2025. Coutts described the current price movement as a “typical bear market,” noting that Bitcoin’s volatility has decreased by about 50 percent compared to the previous market cycle.
According to the analyst, the decrease in volatility suggests that the current bear market may not be as severe as in the past. However, Coutts cautioned against assuming the market will repeat past cycles exactly, noting that all of the trend indicators being followed are still significantly bearish.
Coutts stated that bullish divergences are beginning to appear in long-term momentum indicators. While noting that this suggests a slowdown in negative momentum, the analyst added that these signals do not necessarily mean Bitcoin has technically exited a bear market.
Coutts stated that tightening global liquidity conditions, as well as deterioration in on-chain demand, played a significant role in Bitcoin’s previous decline, and indicated that demand indicators need to strengthen again for a sustainable recovery.
Coutts, however, takes a more cautious approach to long-term price predictions, stating that he is skeptical of expectations that Bitcoin will reach $1 million by 2030. The analyst considers a rise in BTC to the $200,000 to $250,000 range within the next two to three years a more realistic scenario.
Coutts also argued that the Bitcoin community needs to address the potential threats posed by quantum computers more openly before 2027. Noting that preparing, testing, and implementing large-scale protocol updates can take approximately five years, Coutts called for early action against potential security risks.
*This is not investment advice.
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Galaxy Digital transferred 2,500 BTC, approximately $160 million in Bitcoin, to cryptocurrency exchange wallets in the past 24 hours. The move drew significant attention from traders, as large Bitcoin transfers to exchanges are often seen as a possible precursor to asset liquidation.
Details of the Bitcoin TransferBlockchain analytics firm Lookonchain reported that Galaxy Digital moved a total of 2,500 BTC, with most of the assets sent to wallets associated with cryptocurrency exchanges. While such movements frequently generate speculation about impending sales, transferring assets to exchange wallets does not necessarily confirm that a sale will occur.
Large deposits to exchange wallets typically stir speculation among traders, but on-chain transfers to these wallets cannot be interpreted as definite signs of selling activity.
According to the latest data, the on-chain cryptocurrency portfolio held by Galaxy Digital now exceeds $508 million, based on figures compiled by Arkham Intelligence. Despite the substantial movement of BTC into exchanges, the portfolio snapshot confirms that Bitcoin continues to represent Galaxy Digital’s largest on-chain holding, illustrating the firm’s underlying confidence in the asset.
Breakdown of Galaxy Digital’s PortfolioGalaxy Digital’s publicly visible crypto holdings include approximately 2,634 BTC valued at $169 million, 49,005 LSETH estimated at $98 million, and 38,800 ETH totaling nearly $70 million. The firm also holds 1,005 CBBTC valued at around $64 million, as well as stablecoins composed of 32.84 million USDC and 17.92 million USDT.
Mini dictionary: Galaxy Digital is a leading financial services and investment management firm that focuses on digital assets, cryptocurrencies, and blockchain technology.
AssetAmountValueBTC2,634$169 millionLSETH49,005$98 millionETH38,800$70 millionCBBTC1,005$64 millionUSDC32.84 millionStablecoinUSDT17.92 millionStablecoinBitcoin Price and Market ReactionBitcoin is currently trading at $64,262, marking a slight increase of 0.05% over the previous day. Trading volumes for the day reached $27.28 billion, while Bitcoin’s market capitalization stands at $1.29 trillion. The coin currently commands a market dominance of 58.62%. Despite Galaxy Digital’s movement of BTC to exchanges, the market response so far has remained muted.
Market watchers are monitoring whether the transferred Bitcoin remains on exchanges, is shifted to over-the-counter (OTC) settlement wallets, or leaves exchange platforms without passing through public order books. Further blockchain data or a formal statement from Galaxy Digital may shed more light on the motivation behind these transfers.
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.
The Bitcoin Policy Institute (BPI), a nonprofit dedicated to cryptocurrency policy research, has moved to intervene in a controversial lawsuit that seeks to claim ownership of an estimated 3.7 million dormant bitcoin, currently valued at around $274 billion according to Galaxy Research.
BPI intervenes in dormant bitcoin lawsuitThe lawsuit, filed in New York County Supreme Court, is led by an individual using the pseudonym Noah Doe. Plaintiffs argue that bitcoin left untouched in nearly 39,000 wallets should be considered “abandoned property” under New York’s Article 7-B of the Personal Property Law, a statute designed for unclaimed physical assets.
In their claim, the plaintiffs detailed efforts to contact wallet owners by reporting the dormant addresses to the New York City Police Department and sending messages through Bitcoin’s OP_RETURN feature. After waiting 90 days without response, they petitioned the court to declare the wallets abandoned.
The targeted wallets reportedly include approximately 1.10 million BTC associated with Satoshi-era addresses—the period during which bitcoin’s creator, Satoshi Nakamoto, was active—as well as about 80,000 BTC believed to be linked to the 2011 Mt. Gox exchange hack.
BPI announced its participation as a defendant through a post on X, and is being represented by the global law firm White & Case. The institute has filed a proposed answer, laid out 15 affirmative defenses, and indicated an intention to submit a motion to dismiss the case.
Judge Kathy J. King has paused all proceedings in the lawsuit until a hearing set for July 14. In the meantime, two amicus briefs have been submitted in opposition to the plaintiffs’ approach—one by attorney Ian Cohen, and another from the Digital Chamber, a prominent blockchain industry group.
Galaxy Research evaluated the dormant bitcoin’s market value at nearly $274 billion in late May, but legal analysts have expressed doubt that the plaintiffs could enforce or execute such a claim.
The BPI, supported by White & Case, challenges the legal basis of seizing dormant coins, stating that without access to the private keys, ownership cannot be transferred under bitcoin’s current protocol.
Noah Doe and plaintiffs have acknowledged they do not possess the private keys for any of the wallets in question. Cryptocurrency industry publication Cryptopolitan previously emphasized that bitcoin’s structure offers no means to change wallet ownership without the original private key.
Legal challenges and industry responseAlex Thorn, Director of Research at Galaxy, observed that the plaintiffs removed 44 wallet addresses from their filing after these wallets showed activity following the public initiation of the lawsuit. Such movements undermine claims that these bitcoin holdings can be classified as truly abandoned assets.
Other legal stakeholders have intervened. Before BPI’s involvement, an anonymous defendant known as John Doe 33 participated by filing a verified answer and affirmative defenses, acting without legal counsel. John Doe 33 contends that public cryptocurrency addresses are not legal entities and thus cannot be subject to lawsuits. He also claims that copying wallet data does not constitute possession or control of funds, further challenging the basis of the lawsuit.
John Doe 33 noted that attempts to contact wallet owners through OP_RETURN messages are often ineffective, as many wallets do not surface these messages and users with cold storage typically have no reason to review them. He further alleged that at least one wallet owner contacted the plaintiffs’ legal team, discrediting the narrative that the owners are unidentifiable or unreachable.
Attorney Ian Cohen, in a brief dated May 29, argued that treating dormant bitcoin as abandoned property misapplies New York law, which traditionally applies only to tangible assets like jewelry or cash. The Digital Chamber, supported by consulting firm CahillNXT and attorney Stephen Palley of Brown Rudnick, echoed these arguments in a separate brief filed on July 7.
Mini dictionary: Bitcoin Policy Institute (BPI), a nonprofit U.S. organization focused on research and policy discussions surrounding the social and economic impacts of bitcoin and public digital assets.
EntityRole in CaseKey ArgumentBPIDefendant/IntervenorBitcoin cannot be reassigned without private keysNoah Doe (Plaintiff)PlaintiffDormant wallets are abandoned property under state lawJohn Doe 33DefendantAddresses are not legal persons, copying data doesn’t confer ownershipIan CohenAmicus CuriaeState law on abandonment applies only to physical assetsDigital ChamberAmicus CuriaeSupports arguments that bitcoin protocol cannot enable reassignmentDisclaimer: 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.
Morgan Stanley Bitcoin Trust added nearly 1,000 BTC, lifting tracked holdings to 5,761 coins in two weeks. The trust had drawn about $408 million in net inflows by July 10 despite sustained Bitcoin market weakness. Bitcoin traded about 11% above Fidelity’s lower power-law support boundary in the model published on July 5. Three Glassnode-based indicators remained below neutral levels, keeping a bullish reversal unconfirmed. Morgan Stanley’s spot Bitcoin product continued attracting investor capital during the market downturn, adding nearly 1,000 BTC within two weeks. As a result, the Morgan Stanley Bitcoin Trust’s tracked holdings climbed to 5,761 BTC, worth approximately $370 million, with the asset trading near $64,000.
The increase reflected continued demand for the bank-affiliated investment product despite weaker market conditions. Nevertheless, key on-chain indicators remained below their bullish thresholds, suggesting that accumulation was strengthening even though a broader market reversal had not yet been confirmed.
Morgan Stanley Trust Adds BTC as Fund Inflows Continue Arkham Intelligence linked the increase to several large transfers from Coinbase Prime into wallets associated with the trust. The deposits included 495.8, 171.9, 166.2, 154.8, 143.3, 126.1, and 120.4 BTC.
Source: Arkham Intelligence
Arkham separately said the product received roughly $13.2 million in Bitcoin during the week. The platform reported that the wallets had recorded no sale since May. However, its post lacked transaction links needed to verify every attribution independently.
MORGAN STANLEY IS BUYING BITCOIN
Morgan Stanley bought $13.2M of Bitcoin this week. They have not sold Bitcoin since May.
Will they keep buying for the rest of this month? pic.twitter.com/jZF00QikS4
— Arkham (@arkham) July 11, 2026
Nevertheless, the activity does not represent a corporate treasury purchase by Morgan Stanley. Instead, the trust holds the asset for shareholders through a passive exchange-traded structure.
Moreover, its SEC prospectus states that the fund does not attempt to identify market bottoms or sell at market peaks. Consequently, changes in its holdings generally reflect share creations, redemptions and other settlement activity rather than discretionary trading decisions.
Morgan Stanley launched the product on NYSE Arca on April 8, making it the first cryptocurrency exchange-traded product offered by a United States bank-affiliated asset manager. Since then, investor demand has remained firm despite weaker market conditions.
According to Farside Investors, the fund had recorded about $408 million in net inflows by July 10. Therefore, the expanding Bitcoin balance points to continued participation
Bitcoin Nears Power-Law Support as Reversal Signals Lag Meanwhile, Fidelity Director of Global Macro Jurrien Timmer said Bitcoin was moving closer to a long-term power-law support line. His chart analysis placed the asset at $62,685, while the model’s lower boundary stood near $56,488.
As a result, Bitcoin remained roughly 11% above the projected support level at the time. Although previous downturns developed near the same band, the model provides historical context rather than confirmation of a market bottom.
JUST IN: Fidelity's 'Bitcoin's Support & Resistance' data shows BTC in an accumulation zone and "getting ever closer to its power law support line" 👀
Buy the dip 🚀 pic.twitter.com/vFEmPAJPux
— Bitcoin Magazine (@BitcoinMagazine) July 11, 2026
At the same time, analyst Ali Martinez pointed to three Glassnode-based indicators that remained below their neutral thresholds. Those measures included the adjusted Spent Output Profit Ratio, the Puell Multiple and the Reserve Risk Multiple.
Martinez’s indexed chart subtracts one from each underlying multiple, which places the neutral threshold at zero. Therefore, a negative aSOPR reading indicates that transferred coins were sold at an average loss.
Glassnode also excludes outputs held for less than one hour when calculating aSOPR. By removing these short-lived transactions, the adjustment reduces market noise and provides a clearer view of realized profitability.
Meanwhile, the Puell Multiple compares the daily dollar value of miner revenue with its 365-day average. A reading below one shows that miner income remains below its annual benchmark.
BITCOIN IS STILL IN BEAR MARKET TERRITORY
Three key indicators—the aSOPR – 1 (x10), the Puell Multiple – 1, and the Reserve Risk Multiple – 1—are all currently hovering below the zero line, confirming a dominant bearish posture.
For these specific indexed metrics, values below… pic.twitter.com/lZEV6TQ1k5
— Ali Charts (@alicharts) July 11, 2026
Reserve Risk, by comparison, measures Bitcoin’s price against the conviction of long-term holders. Low readings suggest that committed investors remain reluctant to sell despite weaker market conditions.
Martinez identified an aSOPR move above zero as the first possible signal of a broader reversal. Further breakouts in the Puell Multiple and Reserve Risk Multiple would provide stronger confirmation of a bullish transition.
Until those thresholds are crossed, the data supports an accumulation narrative rather than a confirmed recovery. Therefore, the trust’s rising holdings reflect sustained investor demand, while the broader market continues to show restraint.
Metaplanet plans to turn Strategy’s STRC design into a digital credit framework to help the Bitcoin treasury firm and other small firms locked out of Japan’s rigid bond market.
To achieve this plan, dubbed Project Nova, the firm has partnered with Metaplanet Securities, stablecoin issuer JPYC, and tokenization firm Progmat.
According to the arrangement, the Bitcoin-backed digital credit framework will use Metaplanet’s BTC holdings (currently at 43K coins) as collateral.
However, unlike the yield-paying STRC that is issued only by Strategy, other mid-sized and high-growth firms in Japan can leverage the platform. They can issue their own tokenized digital credit to investors. Think of it as an open marketplace for other firms to issue their credit directly to investors.
The study aims to explore the possibility of round-the-clock trading and settlement with daily interest. Underscoring the importance of the project, Metaplanet CEO Simon Gerovich said,
This is Project NOVA at work: using Bitcoin’s strength as an asset to open Japan’s credit markets to companies the current system prices out.
Earlier this year, the firm launched a venture capital firm and asset management subsidiaries. The first investment was in JPYC, a regulated stablecoin issuer in Japan, and Project Nova partner. The subsidiaries are meant to be at the center of its digital credit and BTC capital markets.
Four months later, the recent study into a white label platform for BTC-backed digital credit now unravels the firm’s aggressive long-term BTC plan. The move also comes at a time when Japan is reviewing crypto ETF approvals.
Assessing Bitcoin’s digital credit market Pioneered by Michael Saylor’s Strategy, BTC digital credit refers to debt instruments like preferred stocks (like Stetch [STRC]) or convertible loans backed by the firm’s crypto holdings.
Metaplanet and Bitmine (the world’s largest Ethereum treasury) are both exploring STRC-like instruments for more crypto accumulation.
Interestingly, STRC faced a market distress and trust test after de-pegging from its $100-target level. Despite the de-peg, volumes remained strong as buyers came in to pick the stock at its lows.
STRC did about $9 billion in June, according to a report by Bitcoin Treasuries. In fact, the stock has since recovered to close to its $100, underscoring renewed confidence and trust in BTC digital credit.
Source: Bitcoin Treasuries It’s unclear how the Japanese market will receive the BTC-backed digital credit plans. In the meantime, Metaplanet’s stock jumped 4% following the update.
Final Summary Metaplanet is evaluating the feasibility of launching an open marketplace for BTC-backed digital credit for Japanese small firms. It remains unclear whether Japan’s regulators and market will embrace the plan.
US prosecutors plan to dismiss Matthew Goettsche’s BitClub charges with prejudice before his October trial. The DOJ’s case alleged BitClub collected at least $722 million in Bitcoin through manipulated mining returns. The proposed dismissal follows nearly seven years of litigation and review of about two million records. Several BitClub associates already pleaded guilty to fraud, securities, money laundering, or tax offenses. US prosecutors are preparing to end the criminal case against Matthew Goettsche, the alleged architect of the $722 million BitClub Network scheme. The planned move comes shortly before an October trial that could have tested one of the government’s longest-running cryptocurrency fraud prosecutions.
According to a Bloomberg Law report, the DOJ has directed federal attorneys in New Jersey to seek dismissal with prejudice. In a July 8 letter, defense lawyers told U.S. District Judge Claire Cecchi that both sides had reached an agreement in principle. However, they said more time was needed to complete its terms and obtain formal court approval.
BitClub Fraud Case Nears Dismissal Before October Trial Goettsche was indicted in December 2019 on charges involving wire fraud conspiracy and the sale of unregistered securities. Prosecutors said BitClub operated from April 2014 to December 2019, selling shares in cryptocurrency mining pools to investors worldwide.
🚨 DOJ DROPPING CHARGES AGAINST ALLEGED MASTERMIND OF $722M CRYPTO PONZI SCHEME
Matthew Goettsche was indicted in 2019 over claims BitClub Network used fake crypto mining profits and recruitment rewards to defraud investors.
He was set to stand trial in October, but prosecutors… pic.twitter.com/7WGWopB33i
— CryptosRus (@CryptosR_Us) July 11, 2026
In addition to purchasing mining shares, participants received rewards for recruiting new members. Prosecutors said this structure combined investment sales with aggressive network marketing. Over its five-year operation, BitClub allegedly collected at least $722 million in Bitcoin.
According to the indictment, the platform’s operators manipulated displayed mining returns and overstated the daily earnings presented to customers. Prosecutors further alleged that investor funds were not always used to purchase the mining equipment promoted by the company.
Internal communications also formed a central part of the government’s case. In those exchanges, prosecutors said Goettsche referred to prospective investors as “dumb” and “sheep” while discussing how the business could attract them.
Moreover, Goettsche allegedly instructed a collaborator to increase displayed daily mining earnings by 60%. The order came despite warnings that the adjustment was unsustainable and resembled a Ponzi-style operation.
The proposed dismissal follows nearly seven years of litigation, repeated plea negotiations and the review of approximately two million electronic records. Against that backdrop, Goettsche recently argued that the prolonged proceedings violated his constitutional right to a speedy trial.
DOJ Policy Shift Meets Prior BitClub Guilty Pleas Bloomberg reported that Goettsche’s lawyers contacted senior DOJ officials after earlier settlement discussions collapsed. A department spokesperson said officials later reassessed the case because of its age and the amount expected to be recovered for investors.
However, the spokesperson denied that pressure from Goettsche’s legal team influenced the decision. Should the court approve a dismissal with prejudice, US prosecutors would be permanently barred from refiling the same charges against him.
Such an outcome would contrast sharply with the cases of several BitClub associates who previously admitted criminal conduct. One such, Romanian programmer Silviu Catalin Balaci, pleaded guilty to helping alter the mining earnings displayed to investors.
Similarly, promoters Joseph Abel and Jobadiah Weeks admitted selling unregistered BitClub shares. Gordon Beckstead also pleaded guilty to money laundering and tax offenses involving more than $50 million in transfers.
The reported resolution also follows an April 2025 DOJ memorandum that narrowed criminal enforcement centered mainly on registration violations. Nevertheless, the policy continued to prioritize fraud cases involving financial harm to cryptocurrency investors.
Consequently, the proposed dismissal would end the central prosecution without a jury ruling on the government’s fraud allegations. However, it would not necessarily signal a broader retreat from cryptocurrency fraud enforcement.
Until prosecutors formally file the dismissal request and Judge Claire Cecchi approves it, Goettsche remains charged. He also continues to be legally presumed innocent.
Bitcoin continued to rebound after recent declines, with its price reaching $64,294 and showing modest gains over the past 24 hours. Trading volume stood at $20.37 billion, while Bitcoin’s overall market capitalization held at $1.29 trillion. Despite ongoing market uncertainty, the cryptocurrency registered a 0.69% increase within the last 24 hours, reflecting persisting buyer interest.
On-chain indicators hold back bullish momentumCrypto analyst Ali Martinez stated on July 11, 2026, that three key on-chain metrics indicate Bitcoin has not yet entered a full bullish cycle. Martinez highlighted the aSOPR – 1 (x10), Puell Multiple – 1, and Reserve Risk Multiple – 1, all of which remain below the neutral threshold of zero. These indicators are utilized to track investor behavior, mining sector health, and trader confidence across the Bitcoin network.
Each of these metrics remaining in negative territory suggests the extended accumulation phase for Bitcoin is ongoing. In such periods, market participants are typically seen selling at a loss, miners report lower profitability, and overall long-term optimism is muted.
Martinez identified the aSOPR indicator as the first signal to watch for a potential market reversal. When aSOPR crosses above zero, followed by similar moves in the Puell Multiple and Reserve Risk Multiple, this could mark the official onset of a fresh bull run.
Martinez noted that confirmation of bullish momentum would be signaled once all three on-chain indicators break above zero, marking the end of the accumulation phase and the probable start of a new Bitcoin uptrend.
While the price has climbed from its recent lows, these on-chain signals have not yet confirmed the beginning of a sustained upward trend for Bitcoin.
Mini dictionary: aSOPR (Adjusted Spent Output Profit Ratio) measures whether spent outputs are in profit or loss, indicating if current holders are selling at a gain or a loss. The Puell Multiple analyzes miner revenue compared to historical averages, and Reserve Risk evaluates the confidence of long-term holders relative to price.
Short-term technicals show signs of recoveryRecent short-term technical analysis paints a more positive scenario. The Relative Strength Index (RSI) reached 53.93, with its moving average now at 45.23. Since the RSI sits above the neutral 50 mark yet remains below the overbought zone, this suggests building buying pressure without signs of overheating.
The Moving Average Convergence Divergence (MACD) indicator has also delivered a bullish signal. The MACD value of -287.91 has crossed above its signal line at -900.37, while the histogram transitioned into positive territory at 612.46, reinforcing the notion of growing upward momentum.
Should Bitcoin hold above its current support levels, analysts believe further short-term gains are possible. However, the mixed outlook from long-term on-chain data and short-term technical indicators keeps the broader market cautious.
MetricCurrent ValueStatusImplicationBTC Price$64,294RisingRecovery from lowsaSOPR – 1 (x10)Below 0NegativeProfit-taking absentPuell Multiple – 1Below 0NegativeMiner revenues lowReserve Risk Multiple – 1Below 0NegativeLow long-term confidenceRSI53.93Above neutralStrength returningMACD Histogram612.46PositiveBullish crossoverAwaiting a confirmed breakoutShort-term traders may interpret these technical signals as encouraging, while those focused on long-term cycles watch the on-chain metrics for a definitive breakout above zero.
Experts point out that interim rallies can occur during accumulation, making it crucial for investors to monitor both types of indicators. For sustained confidence in a new bull cycle, markets will look for all three on-chain metrics to confirm a shift by crossing above zero.
Until that alignment takes place, both investors and analysts maintain a cautious outlook, balancing recent positive signals against lingering uncertainty in the broader crypto market.
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.
The U.S.-Iran war is again escalating as the U.S. carried out airstrikes against Iran tonight after the latter declared the Strait of Hormuz closed again. Bitcoin has fallen below the psychological $64,000 level as Iran has vowed to retaliate against these latest strikes.
U.S.-Iran War Escalates With Fresh Wave Of Strikes In an X post, the U.S. Central Command (CENTCOM) announced that its forces launched the third round of strikes this week against Iran today, on President Trump’s orders. CENTCOM noted that the latest strikes followed Iran’s attack on a commercial ship that was transiting the Strait of Hormuz.
“A civilian crew member is missing, and the vessel is unable to continue the journey due to an onboard fire and significant engine room damage,” the post read. CENNTCOM also said that Iran has failed to demonstrate adherence to the Memorandum of Understanding in the U.S.-Iran war, after its earlier attacks on commercial oil tankers transiting the Hormuz Strait.
“In response, the United States is imposing a heavy cost by continuing to degrade Iran’s ability to attack civilian mariners and commercial ships freely transiting the strait,” CENTCOM added. It is worth noting that the latest U.S. strikes follow Iran’s Revolutionary Guards Navy’s statement that it had closed the Strait of Hormuz until further notice.
The IRGC also confirmed that it fired a warning shot at a vessel that was attempting to transit along an unapproved route in the Strait of Hormuz. As CoinGape reported earlier, the U.S.-Iran war had shown signs of escalation after Iran rejected further talks with the U.S. until the U.S. reverses its position on Iran’s control of the Strait.
Bitcoin Falls Below $64,000 Bitcoin fell below the psychological $64,000 level amid the U.S. strikes on Iran. The leading crypto is currently trading at around $63,700, down from a daily high above $64,000, according to TradingView data.
Source: TradingView; Bitcoin daily chart The BTC price climbed above $64,000 last week after President Trump said Iran had requested to resume talks, which the U.S. agreed to, even though the ceasefire was over. However, Bitcoin and the broader crypto market are now at risk again as the U.S.-Iran war threatens to further escalate.
This week is also set to be a huge week for the crypto market with the CPI and PPI releases on July 14 and 15, respectively. At the same time, Federal Reserve Chairman Kevin Warsh is set to testify before Congress on July 14 and July 15 and could provide hints about the direction for monetary policy ahead of the July FOMC meeting.
Predict.fun World Cup Knockout Stage: England’s qualification probability stands at 64%, while Norway only secures 35% market support.
Data from prediction market platform Predict.fun shows that the upcoming 2026 FIFA World Cup quarterfinal will pit Norway against England. As of press time, the market assigns England a roughly 64% probability of advancing, while Norway’s advancement odds stand at around 35%. Notably, Norway, making its first-ever appearance in the World Cup quarterfinals, has already notched its best result in team history. The side’s top striker Haaland has netted 7 goals in the tournament, including a brace in just 11 minutes during the previous round to help Norway eliminate Brazil. For England, Kane has contributed 6 goals, with players like Bellingham and Gordon also consistently chipping in offensively. However, England has conceded goals in two straight knockout matches. Against the in-form Haaland, containing his performance will be the key to deciding the match’s winner.
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Polymarket generated $1.88 million in revenue over the past 24 hours, placing it third among crypto protocols.
According to Defillama data, Polymarket generated $1.88 million in revenue over the past 24 hours, surpassing Canton and Hyperliquid to rank as the 3rd highest-earning crypto protocol. The protocol’s cumulative revenue has exceeded $94 million.
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JPMorgan Chase is testing an AI investment agent that can autonomously adjust stock and bond allocations.
JPMorgan Chase is testing AI agents that can autonomously adjust the proportion of stock and bond investments to dynamically rebalance portfolios based on changes in market conditions. Test results show that in a 20-year historical backtest, the best-performing AI model delivered an annualized return 0.7 percentage points higher than the traditional "60/40" stock-bond portfolio, while also boasting lower volatility. All 8 AI agents tested by JPMorgan achieved higher risk-adjusted returns. However, the bank noted that the results are still based on simulated tests and do not represent actual investment performance. JPMorgan also warned that large-scale adoption of AI could lead to convergence of trading strategies, increase crowded trades, and amplify market volatility under stressed conditions.
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Yangtze Memory Technologies announced its IPO advisory team, comprising a total of 31 members from CITIC Securities and China Securities Co., Ltd.
The China Securities Regulatory Commission (CSRC) official website updated the first-phase progress report on Changjiang Storage’s IPO counseling work on July 10. A total of 31 personnel from two securities firms, CITIC Securities and China Securities Construction Investment, form the counseling team. The current counseling period runs from May 19 to June 30, 2026, with work carried out via multiple methods including on-site due diligence, centralized training sessions, and targeted issue communications. The next phase of counseling will focus on two areas: First, for issues identified during the process, coordinate timely discussions between intermediaries and the company, develop standardization plans, and urge the counseled entity to fully implement rectification requirements. The working group will also continue to push the company to improve its corporate governance and internal control systems, enhancing its standardized operation level. Second, urge the company to thoroughly understand laws, regulations and rules related to issuance, listing and standardized operation, and clarify its responsibilities and obligations in areas such as information disclosure and fulfillment of commitments. (Jinshi)
8 hours ago
Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.
Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.
8 hours ago
The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.
Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.
Ethereum‘s MVRV ratio, a closely watched on-chain metric, has again dropped below the 0.8 threshold, drawing renewed focus to the cryptocurrency’s potential for reversal. This ratio is widely used by market analysts to gauge when an asset enters deep discounted territory, often preceding a significant price bottom for Ethereum.
Historical patterns and analyst observationsCrypto analyst Ali highlighted that Ethereum’s MVRV ratio dipping beneath 0.8 often coincided with major market downturns and subsequent recoveries. In the past, this pattern was observed in December 2018, March 2020, and June 2022. Each occasion marked a local bottom for ETH, followed by a notable bullish phase.
Ali explained that the MVRV drop typically indicates seller fatigue, where Ethereum’s market value falls well under its realized value, increasing the probability of an accumulation phase.
In all three previous instances when Ethereum’s MVRV ratio crossed below 0.8, the market recorded a temporary bottom followed by a sustained price rebound.
Market participants remain alert to whether this setup will once again signal a reversal in the current cycle, as Ethereum continues to test critical technical levels.
Mini dictionary: MVRV Ratio, a metric that compares an asset’s market value to its realized value, showing if it is overvalued or undervalued from a historical cost perspective.
Price action and key resistance levelsEthereum has posted a gain of 1.18% in the past 24 hours, trading around $1,802. The weekly rise totals 1.78%. ETH has outperformed Bitcoin recently, challenging a longstanding pattern of lower highs and lower lows.
Ethereum broke above its daily 50-day moving average at $1,767 for the first time since the middle of May. This momentum follows a recovery from its July 8 low at $1,710 and has seen the token attempt to reach higher resistance levels.
On July 6, ETH climbed to $1,831 before encountering resistance, stalling just above the 50-day moving average. Bulls have yet to secure a sustained rise above this technical barrier, but analyst consensus suggests that maintaining momentum above the MA 50 could pave the way for a move toward $2,000, with the daily MA 200 placed at $2,214 as a longer-term objective.
Technical LevelCurrent Price/ValueStatusMA 50$1,767Recently surpassedJuly 8 Low$1,710SupportShort-term High$1,831ResistanceMA 200$2,214Potential targetThe derivatives market for crypto is stabilizing, with speculative trading abating in favor of positioning that favors longer-term investments. This trend further supports the outlook for Ethereum as traders weigh potential gains against recent corrections.
Electricity usage after The MergeThe Cambridge Centre for Alternative Finance (CCAF) released new findings on Ethereum’s energy consumption. The report noted that, as a result of The Merge, Ethereum’s annual electricity consumption has dropped to approximately 7.87 GWh—a reduction exceeding 99.9% compared to pre-Merge levels.
Mini dictionary: Cambridge Centre for Alternative Finance (CCAF), a research institution at the University of Cambridge specializing in the study of global financial innovation and blockchain sector trends.
Ethereum, the leading smart contract platform developed by Vitalik Buterin and others, is the world’s second-largest cryptocurrency by market capitalization and frequently leads innovation in decentralized applications and network upgrades.
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.
The numbers were positive but offered no fireworks. On July 10, U.S. spot Bitcoin ETFs pulled in $90.44 million in net new capital while their Ethereum counterparts added a modest $18.43 million, according to the original report citing SoSoValue data. The flows arrived during a stretch when crypto markets have drifted sideways, and institutional allocators appear to be favoring incremental exposure over bold positioning.
The subdued pace is less about disinterest and more about the regulatory fog hanging over Washington. With a landmark crypto bill facing last‑minute resistance from traditional banking interests, some fund managers are reluctant to increase digital asset weightings until the Senate votes. The fight over the biggest crypto bill in US history has turned into a wire‑to‑wire drama, and even a single large ETF order can be influenced by the perceived odds of tighter or looser rules.
Ethereum’s $18.43 million inflow, while small in absolute terms, is still a signal. It shows that accredited investors and fund managers are not pulling back from ETH exposure entirely, even as fee competition among ETF issuers intensifies. The network itself continues to attract builders: recent metrics on developer engagement highlight that Ethereum, BNB Chain, and Polygon dominate the rankings, with Solana and Arbitrum close behind. Ethereum’s developer ecosystem remains robust, which adds a layer of conviction for longer‑term ETF holders who track fundamentals rather than daily price action.
A snapshot, not a trend Single‑day flow data can be noisy. July 10’s Bitcoin ETF inflow was decent but well below the hundreds of millions that characterized earlier buying waves. That could be a mid‑summer lull, or it could be a reflection of positioning ahead of second‑quarter corporate earnings and central bank commentary. What’s clearer is that the ETF complex has matured: volume is no longer driven by a handful of early‑mover whales but by a broader distribution of institutional and quasi‑institutional participants. The steady drip of inflows contrasts with the boom‑and‑bust cycles that defined crypto’s previous ETF attempts in other jurisdictions.
Where institutional interest is deepening Separately, the institutional pipeline is not limited to ETFs. Tokenization of real‑world assets has crossed $20 billion on‑chain, and deals like Bullish’s $4.2 billion acquisition of Equiniti signal that large financial players are embedding blockchain into their core infrastructure. The tokenization of real-world assets is no longer a proof‑of‑concept; it is a parallel track of adoption that will eventually pull ETF demand along with it, especially as more familiar assets like Treasuries settle on‑chain.
What remains uncertain The direction of net flows over the next two weeks will depend heavily on whether the Senate passes the crypto bill and what the Fed signals about rate cuts. A rejection or a delay could push daily flows back toward breakeven or negative territory, simply because compliance desks will stay in neutral. The Ethereum ETF category is particularly sensitive: its lower baseline means that even a $20 million swing can look dramatic, but the structural story is about whether issuers can convince RIAs and pension consultants that ether is a distinct asset class rather than an appendage to bitcoin.
For now, the market is in a holding pattern. The inflows are real but restrained, and that is entirely consistent with an institutional crowd that wants more clarity before committing larger slices of a portfolio. The next couple of data points, set against the legislative calendar, will reveal whether this is a temporary pause or the new steady state.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Unusual transactions at Tether’s Bitcoin reserve address have sparked speculation that the company may have paused its Bitcoin purchases or altered its accumulation pace for the second quarter of 2026.
According to on-chain data, approximately 4 BTC were sent to Binance about five hours ago from Tether’s reserve address, which is known to allocate 15% of its quarterly profits to Bitcoin purchases. The transfer, believed to be a test transaction, is estimated to be worth approximately $250,000.
Data shows that the same address also transferred 204.3 BTC to Bitfinex approximately a month ago. This transaction, which took place when the Bitcoin price was around $70,000, was worth approximately $14.36 million. However, there is no confirmed information yet on whether the transferred Bitcoins were sold.
Another development that caught the market’s attention was that Tether has not yet transferred the Bitcoins it is thought to have purchased in the second quarter of 2026 to its reserve address. In the past, the company usually transferred the BTC purchases it made during the quarter to its reserve address on the last day of that quarter.
However, more than ten days after the end of the second quarter, no new BTC transfers have been made to Tether’s reserve address. This has raised questions about whether the company has changed its Bitcoin accumulation strategy or postponed its second-quarter purchases.
*This is not investment advice.
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