After failing to hold $1.8k, Ethereum [ETH] has continued to hover around $1.7k. As of this writing, ETH traded at $1748, after rising slightly by 0.68% on the daily charts.
Interestingly, this market pullback has created a perfect buying opportunity, especially for high-net-worth investors.
Ethereum whales are aggressively accumulating Amid extended sideways movement, whales have continued to accumulate. According to Onchain Lens, a whale withdrew 30.01K ETH, worth $52.84M, from Coinbase Prime to a new wallet.
Lookonchain reported two more accumulating whales. According to the monitor, a newly created wallet withdrew 8,239 ETH, worth $14.5 million, from multiple exchanges.
The other whale purchased 11,843 ETH worth $20.8 million. These two whales accumulated 20,082 ETH worth $35.3 million.
Source: Arkham Finally, a wallet withdrew 37,000 ETH, worth $65.66 million, from Gemini and then staked it in batches to the Eth2 Beacon Chain.
In total, these four whales purchased 87,083 ETH worth $153.8 million. Whales aggressively piling in during this period of market weakness signals confidence in market prospects.
Furthermore, exchange activity has echoed this whale accumulation spree. In fact, whales have significantly absorbed the available supply on CEXs.
Meanwhile, the Exchange Supply Ratio dropped back to the 2016 level of 0.129 at press time.
Source: CryptoQuant When the ESR drops to such low levels, it implies that more assets have flowed out of exchanges than into them.
Often, such market activity reduces supply while increasing scarcity. Rising scarcity has historically preceded stronger upside price movement.
Is the demand adequate to boost ETH price action? Interestingly, although demand has recovered significantly, largely driven by whales, ETH has not yet reflected this on its price charts.
As such, the altcoin’s momentum has remained relatively weak. For instance, when we look at the Stochastic Momentum Index (SMI), it formed a bearish crossover and fell to 37.
Source: TradingView A bearish move here suggested the trend has weakened significantly. Thus, current whale demand has proved insufficient to inspire a move higher.
With the trend holding in this manner, it points to extended market weakness for Ethereum. Thus, if the prevailing trend continues, ETH could drop to the bearish threshold at $1710, with RSI rebounding at $1681 as critical support.
However, if the whale accumulation finally materializes and the market starts to feel the impact, we could see a major upswing. For an upside move, Ethereum must reclaim the RSI breakdown at $1847, which will strengthen the altcoin’s upward momentum.
Final Summary Ethereum whales are aggressively accumulating, adding 87,083 ETH worth $153.8 million. Despite the recovering whale demand, ETH remains structurally weak and risks another slip.
Former members of the Ethereum Foundation's Institutional Privacy Task Force have launched EthSystems, a new for-profit startup that will build privacy infrastructure for banks and other institutions using Ethereum, commercializing work previously developed inside the foundation.The launch is the latest EF spinout following recent organizational changes, joining newly formed entities EthLabs and Ethereum Institutional as the ecosystem restructures its approach to protocol development and institutional adoption.A team of former Ethereum Foundation researchers focused on institutional privacy has launched EthSystems, a new for-profit company aimed at building confidentiality infrastructure for financial institutions using Ethereum.
The startup emerged from the Ethereum Foundation, which spent the past year developing privacy technologies for enterprise use cases while engaging with central banks, regulators, global banks and asset managers.
The spinout comes amid one of the biggest organizational shakeups in the Ethereum Foundation in years. Following months of criticism over leadership, strategy and the foundation's role in supporting Ethereum's increasingly institutional user base, several teams have recently been spun out into independent organizations.
Among them are EthLabs, a nonprofit focused on advancing Ethereum protocol research and scaling, and Ethereum Institutional, a separate nonprofit designed to coordinate institutional adoption and engagement with large financial firms. Together, the organizations represent an effort to distribute responsibilities previously housed within the foundation across more specialized entities.
EthSystems said it plans to commercialize work it began inside the foundation, including confidential stablecoin transfers, private bond issuance, cross-chain settlement systems and open-source protocol specifications.
"Commercial engagements need a commercial counterparty," the company said in a post on X, explaining its decision to operate as a for-profit business. "The model is simple: we continue the work we've been doing, only now we charge for it."
The launch reflects growing institutional interest in using public blockchains for financial infrastructure beyond cryptocurrency investing. While firms have increasingly embraced tokenized assets and stablecoins, many remain reluctant to transact on fully transparent public ledgers, creating demand for privacy-preserving infrastructure.
EthSystems argues that confidentiality is one of the key barriers preventing banks and asset managers from moving real-world financial flows onto Ethereum. The company said its approach will focus on modular privacy systems that allow participants to selectively disclose transaction information while maintaining Ethereum's security guarantees.
The company is also backed by BitMine, SharpLink, Ethereum co-founder Joseph Lubin, SNZ and other Ethereum-focused investors.
Read more: Ethereum Institutional launch draws support from across the Ethereum ecosystem
A group of former Ethereum Foundation researchers just hung out their own shingle, and their pitch is simple: make Ethereum private enough for banks to actually use it.
EthSystems launched on July 14 as a for-profit engineering company building privacy and compliance tools for institutional players on Ethereum. The company grew directly out of the Ethereum Foundation’s Institutional Privacy Task Force, making it the latest in a growing line of Foundation spinouts designed to push the network’s commercial adoption forward.
What EthSystems actually does EthSystems’ technology centers on what the company calls “selective disclosure.” In English: each participant in a transaction only sees the information they need to see, and nothing more. A regulator might get full visibility while counterparties see only what’s relevant to their side of the deal.
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The product suite includes confidential settlement, private bonds, and identity solutions, all designed to run on Ethereum’s public network rather than requiring institutions to retreat to permissioned, walled-garden blockchains.
The company was co-founded by Mo Jalil, who serves as CEO, alongside Oskar Thorén and Aaryamann Challani. All three were key members of the Ethereum Foundation’s Institutional Privacy Task Force, which spent the past year developing open-source privacy frameworks documented at ethsystems.org before spinning out into a commercial entity.
Who’s backing this Anchor funding came from Bitmine Immersion Technologies (NYSE: BMNR), Sharplink (Nasdaq: SBET), and Joe Lubin, the co-founder of Ethereum and founder of ConsenSys.
Bitmine’s Chairman, Tom Lee, framed the opportunity in characteristically ambitious terms, suggesting that the next $100 trillion of global assets will require exactly the kind of privacy infrastructure EthSystems is building.
The company has also signaled deep roots in Asia-Pacific markets, and maintains a commitment to integrating with existing institutional infrastructure for stablecoins and tokenized assets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum has stabilized after its sharp correction from the $2.4K May highs, with the price attempting to build momentum beneath major resistance. Both the daily and 4-hour charts suggest buyers are gradually regaining control, although confirmation will require a decisive breakout above the current supply zone. The futures market’s aggressive positioning is also pointing to an interesting situation.
Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH continues to recover after breaking out of the long-term descending channel that had capped the price action for several months. Following the breakout, the market experienced a deep retracement toward the $1.5K demand region before buyers stepped back in aggressively.
The rebound has brought ETH back into the $1.85K resistance zone, which now serves as the first major obstacle. This area also aligns closely with the higher channel resistance, creating a strong technical confluence that explains the recent consolidation.
The 100-day and 200-day moving averages remain overhead near the $2K to $2.2K region, indicating that the broader trend has not fully shifted bullish yet. Until those averages are reclaimed, the recovery should still be viewed as a corrective move within a larger neutral-to-bearish structure.
Momentum has improved noticeably, with the RSI recovering above 50 after rebounding from oversold conditions. However, the indicator remains below overbought territory, suggesting there is still room for continuation if buyers can overcome current resistance.
A successful breakout above $1.85K could expose the next resistance zone around $2K to $2.2K, where both major moving averages converge. On the downside, losing the $1.5K support would likely lead to a prolonged bearish trend.
ETH/USDT 4-Hour Chart The lower timeframe presents a more constructive picture. Ethereum has been trading inside a rising channel, producing a sequence of higher lows while repeatedly testing the overhead supply zone between roughly $1.8K and $1.85K.
The ascending lower trendline continues to provide dynamic support, with every pullback attracting buying interest before reaching the broader support area near $1.7K. This suggests buyers remain active despite repeated rejection from resistance.
The price is currently compressing between rising support and horizontal resistance, creating conditions for an eventual breakout. Such structures often precede a volatility expansion, making the current range particularly important.
A confirmed move above $1.85K would likely trigger renewed bullish momentum toward the psychological $2k level and potentially the $2.2K region. Conversely, a breakdown below the rising trendline could invalidate the short-term bullish structure and expose the $1.71K support zone, followed by the broader $1.63K order block if selling pressure accelerates.
The 4-hour RSI remains around neutral territory, reflecting balanced momentum after cooling from recent highs. This supports the view that the market is waiting for a catalyst before choosing its next directional move.
Sentiment Analysis The Taker Buy Sell Ratio remains below the neutral 1.0 threshold, indicating that aggressive sellers continue to slightly outweigh aggressive buyers across futures exchanges. Historically, readings below one reflect cautious market sentiment and reduced conviction from bulls.
However, the 30-day moving average of the ratio has turned higher after recovering from recent lows, suggesting selling pressure has gradually eased. Although buyers have not yet established clear dominance, the improving trend points to strengthening demand beneath the surface.
If the ratio continues climbing toward and eventually above 1.0 while ETH breaks above the $1.85K resistance area, it would provide additional confirmation that buyers are regaining control. Until then, the sentiment data supports a cautiously optimistic outlook rather than signaling a fully confirmed bullish trend.
Bitmine and SharpLink backed the launch, and the founding team spent the past year running the Ethereum Foundation's Institutional Privacy Task Force.
EthSystems, a startup building confidentiality tools for banks and asset managers transacting on Ethereum, launched Tuesday, backed by Ethereum treasury companies Bitmine Immersion Technologies and SharpLink Gaming.
The company's founding team spent the past year building and running the Ethereum Foundation's Institutional Privacy Task Force, or IPTF, holding conversations with central banks, regulators, tier-one banks and asset managers while publishing a year of open-source work: private bonds, confidential stablecoin transfers, private cross-chain settlement, a privacy-preserving identity system, and a reference document called the Ethereum Privacy Map.
EthSystems is the third entity to spin out of the Ethereum Foundation as the nonprofit narrows its own mandate, and the second in three weeks to launch with backing from Bitmine and SharpLink, the two largest corporate holders of ETH. The pattern shows the treasury companies moving beyond accumulating the asset to funding the network's infrastructure and the people building it.
Confidentiality As The Missing LayerEthSystems, an independent, for-profit company backed by what it calls long-term Ethereum-aligned investors, argues that institutions have adopted Ethereum as an asset class but not yet as settlement infrastructure. Its pitch is that no bank will run billion-dollar flows in full public view, so each party to a transaction must see only what it has a right to see on the public ledger.
The IPTF sat inside the Foundation's institutional layer, paired with its Privacy and Scaling Explorations research team. EthSystems said it carries that work forward as an independent company, with protocol specifications and security properties for each system published on its site.
EthSystems lists three co-founders on its website. Oskar Thoren, who wrote that Tuesday was his first day off the Ethereum Foundation payroll; Mo Jalil, who posted that he previously worked at Goldman Sachs before joining the Ethereum Foundation, and Aaryamann Challani, who previously held engineering roles at the Ethereum Foundation, Fuel Labs and Status, according to his LinkedIn.
Bitmine, SharpLink Back the LaunchBitmine, the largest corporate holder of ETH with 5.77 million tokens, or roughly 4.8% of the supply, worth about $11.3 billion in total crypto and cash holdings as of July 12, said it is a lead investor in the launch, alongside SharpLink and Ethereum co-founder Joseph Lubin. SharpLink, the second-largest corporate ETH holder with about 887,000 tokens, joined the round. Lubin, who founded Consensys, also chairs SharpLink.
Bitmine Chairman Tom Lee framed the investment as a bet on institutional demand.
"The institutionalization of Ethereum requires infrastructure that meets institutional standards for privacy and security," Lee said. "The next $100 trillion of assets won't migrate on-chain without it."
SharpLink Chief Executive Joseph Chalom said the company's thesis is that "Ethereum's differentiated value compounds as more financial activity moves onto it," and that realizing that value depends on institutions being able to transact privately.
The two companies made a nearly identical bet three weeks earlier. On June 22, Bitmine, SharpLink and Lubin anchored the launch of Ethlabs, a nonprofit research lab founded by five former Ethereum Foundation researchers to work on core protocol development. On July 1st, the same entities backed Ethereum Institutional, a more business-development-focused arm.
Both firms hold billions of dollars of ETH and have a direct financial interest in the network becoming institutional infrastructure.
The Third Spinout From a Shrinking FoundationEthSystems launches into a gap the Ethereum Foundation is deliberately creating. The Foundation cut about 20% of its staff in a June restructuring and, under a mandate published in March, reorganized around a narrower set of priorities centered on the base protocol, censorship resistance, privacy and security. Vitalik Buterin said the Foundation is cutting its annual budget by roughly 40% and expects outside organizations to absorb work it no longer prioritizes.
Three of those organizations have now formed from Foundation alumni, each taking a different layer. Ethlabs works on core protocol and infrastructure. Ethereum Institutional handles institutional engagement, education and ecosystem coordination. EthSystems takes the applied technical layer, turning institutional requirements into production privacy systems. EthSystems described the three as complementary spinouts in its launch materials.
EthSystems lists three co-founders, all former Foundation staff who led the IPTF: Mo Jalil, previously the Foundation's institutional privacy lead and a former Goldman Sachs employee; Oskar Thoren; and Aaryamann Challani, who has held engineering roles at the Foundation and at Status, one of the earliest Ethereum mobile clients.
Even More Ethereum EntitiesEthSystems is not the only team selling institutional privacy on Ethereum. Etherealize, co-founded by former Foundation researcher Danny Ryan and backed by $40 million from Paradigm and Electric Capital, is building zero-knowledge privacy and settlement infrastructure for the same institutional customers. Established privacy protocols and enterprise vendors are also competing for the same deployments.
The funding structure also carries a built-in tension. Bitmine and SharpLink hold billions of dollars of ETH, so the infrastructure they fund is infrastructure whose success would lift the value of their own treasuries. Ethlabs addressed a version of this by routing funds through an arm's-length grants administrator; EthSystems, a for-profit company, has not detailed a comparable arrangement.
ETH changed hands around $1,880 on Tuesday, according to data from CoinGecko, leaving it among the weakest-performing major crypto assets of 2026 and well below its 2025 highs — the backdrop against which treasury companies are funding work meant to widen institutional demand for the asset.
Analyst Benjamin Cowen still warns the setup mirrors a 2018 pattern that gave back all its gains by September.
Is Bitcoin Replaying The 2018 Fake Rally?Cowen drew a direct parallel to 2018 on X.
That year, Bitcoin started late June and early July with two green weeks, pulled back red into CPI, then bounced higher into late July before surrendering all gains by September. He said today’s setup looks similar.
The chart adds weight to that concern. Bitcoin broke above the descending trendline that capped every rally since the May top and reclaimed the 20-day EMA at $62,955 on the same candle, a meaningful structural shift.
RSI crossed above 50 for the first time since late May, confirming the momentum move.
The question traders are sitting with is whether this is the start of a recovery or another bounce that fades into overhead supply, exactly as it did in 2018.
Key levels for Bitcoin $62,955 — 20-day EMA, now acting as support; losing this turns the breakout into a fakeout $65,060 — 50-day EMA, first resistance above $67,000 to $68,000 — next resistance zone if $65,060 clears Why Is ETH The More Interesting Trade Right Now?Crypto analyst Ali Charts noted the SuperTrend indicator flipped bullish on the three-day chart for ETH.
The last two buy signals on that timeframe preceded rallies of 72% and 177%.
Trader Pentoshi said ETH is the most interesting major at current prices, pointing to three converging setups.
On the ETH/BTC pair, price sits just under resistance where the previous lower low formed. Meanwhile, on the ETH/SOL pair, ETH has been in a slow uptrend for the past year. On the USD pair, price is not far above multi-year support.
“This price can be expensive, while a reclaim can be cheap,” Pentoshi wrote, adding that he started a quarter position at $1,766 with plans to add over time given the setup but acknowledged the resistance overhead makes a full position premature.
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Crypto prices are rising across the board today, even as the head of the Federal Reserve made clear he has no plans to step in and rescue the industry if things go wrong. Bitcoin sits near $64,600 today, rising more than 3%. Ethereum has climbed above $1,875 today, gaining more than 5% over the last day and XRP now trades near $1.10 today, up nearly 3% over the past 24 hours too.
The wider crypto market is also higher, with total market value near $2.22 trillion, up more than 2.5 percent. Even so, the Fear and Greed Index still sits at 33, which means the market remains in a state of fear overall.
What Kevin Warsh actually said
Speaking during testimony before Congress, Federal Reserve Chair Kevin Warsh said the central bank has no interest in stepping in to save crypto if it runs into trouble. Warsh said the Fed wants to avoid being in the bailout business with crypto too.
“We’re not bailing out anybody, including crypto,” he said.He added that the Fed wants to be in a position where it isn’t bailing out anyone at all, crypto included.
He also talked about inflation
Warsh also addressed inflation during the same appearance. He said persistent inflation comes down to choices made through monetary policy, not short term price swings or global uncertainty. He said that if the Fed gets its policy right, the high inflation of the past five years will become a thing of the past.
Why this matters
Warsh has a mixed record on crypto. He has criticized some crypto projects in the past, but he has also said Bitcoin doesn’t make him nervous and has personal investments tied to blockchain projects, which he pledged to sell off after becoming Fed Chair. Today’s comments make clear that even with that personal history, he doesn’t see crypto as something the Fed would step in to protect during a crisis.
Story Ends Here
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Timelock Account Recovery Gives Ethereum Smart Accounts A Safer Backup Route is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, regulation, security, or product layer sitting underneath the market noise.
The immediate point is straightforward: a new Ethereum Magicians proposal outlines timelock-based smart account recovery. That gives readers something concrete to work with, rather than another vague sentiment update.
TL;DR A new Ethereum Magicians proposal outlines timelock-based smart account recovery. The design aims to reduce trust in guardians by adding delay and cancellation windows. The idea could make ERC-4337 wallets safer for ordinary users if it matures. Why This Matters Now The timing matters because Ethereum is already part of a wider conversation across the market. Traders want to know whether the development changes liquidity or risk. Builders want to know whether it changes what can be deployed. Compliance teams want to know whether it changes how platforms operate.
In that sense, the story is bigger than one headline. It sits inside the ongoing shift from speculative crypto cycles toward more practical questions: who can use these systems, how safe are they, and whether the underlying incentives actually work.
The best way to read it is with discipline. It is not a guarantee of immediate upside, and it should not be treated as one. But it does add a fresh data point to the way the market is thinking about Ethereum.
The Ethereum Angle For Ethereum, the important part is the specific mechanism. If this is a security issue, the risk sits in dependencies and user protection. If it is a listing or product launch, the question is access and liquidity. If it is a governance or research proposal, the question is whether the idea can survive implementation.
That is where this update becomes useful. It is not just a label attached to a trend. It gives readers a way to understand what might actually change if the development gains traction.
Crypto has a habit of turning every announcement into a broad market claim. This one deserves a narrower read. The value is in seeing how it affects the users, developers, institutions, or traders closest to the issue.
The Risk Side There is also a caution attached. Source material can confirm that a development exists, but it cannot prove that adoption will follow. A proposal still needs support. A product still needs users. A chart still needs confirmation. A compliance tool still needs integration.
That is why the responsible reading is not to oversell the story. The stronger takeaway is that this adds to a pattern. The crypto market is steadily becoming more professional, more technical, and more sensitive to real operational details.
Readers should also watch for follow-up signals. That could mean developer feedback, exchange support, regulatory response, wallet adoption, liquidity data, or simply whether market participants continue reacting after the first headline fades.
What Comes Next The next stage will decide whether this remains a narrow update or becomes part of a larger market theme. In crypto, that difference matters. Plenty of stories look important for a few hours and then disappear. The ones that last usually show up again through usage, liquidity, enforcement, governance, or developer adoption.
For now, this gives the market another piece of information to weigh. It is specific enough to be useful, but still early enough that readers should keep the caveats in view.
That makes it worth covering without pretending it settles anything. The story is a signal, not a final verdict.
This report is based on information from ethereum-magicians.org.
This article was written by the News Desk and edited by Samuel Rae.
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.
EthSystems (@eth_systems) made its public debut on July 14, 2026, with a straightforward brief: solve Ethereum's privacy problem for institutional finance. The engineering and research company launched with anchor backing from Bitmine Immersion Technologies (NYSE: $BMNR), Sharplink (Nasdaq: $SBET), Ethereum co-founder Joe Lubin, and other ecosystem supporters, according to the official press release.
What EthSystems Is BuildingThe core pitch is selective disclosure. Banks, asset managers, and other regulated institutions want to run stablecoins, tokenized bonds, and settlement onchain, but a fully public ledger exposes positions, counterparties, and trade flows they are not permitted to reveal. EthSystems builds the technology that lets each party see only what it has a right to see, without sacrificing the decentralization and security that underpin Ethereum.
The founding team, Mo Jalil, Oskar Thorén, and Aaryamann Challani, previously built and led the Ethereum Foundation's Institutional Privacy Task Force (IPTF). Their backgrounds span the Ethereum Foundation, Goldman Sachs, and Status, one of the earliest Ethereum mobile clients. The company enters the market with a year of shipped open-source work covering private transfers, private bonds, confidential settlement, and privacy-preserving identity, all available at ethsystems.org.
EthSystems is the third spinout from the same backer consortium, joining Ethlabs, which advances Ethereum's core protocol, and Ethereum Institutional, which handles ecosystem engagement and education. Each fills a distinct role: EthSystems operates at the applied technical layer, translating institutional requirements into production systems for real financial activity on Ethereum.
Treasuries That Build, Not Just HoldThe involvement of @BitMNR and @Sharplink as backers signals a shift in how the largest native Ethereum treasury companies are deploying influence. Bitmine currently holds 5.77 million ETH, representing approximately 4.8% of ether's total circulating supply, making it the world's largest corporate Ethereum treasury. Sharplink holds roughly 886,725 ETH. Both have been aggressively accumulating $ETH over the past year, and their participation in EthSystems suggests they are now directing capital toward building the institutional infrastructure layer around the asset, not merely holding it.
Joe Lubin, Ethereum co-founder and CEO of Consensys, endorsed the launch directly, noting the team's discipline in publishing work openly so the broader ecosystem can build on it rather than waiting on a single company.
Sources:
EthSystems official launch announcement via Chainwire
EthSystems press release via PR Newswire
Bitmine ETH holdings update via Bitcoin.com News
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.
Ex-Ethereum Foundation privacy researchers have launched EthSystems, a for-profit firm building privacy tech for institutional Ethereum adoption.
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The trio behind the Ethereum Foundation's Institutional Privacy Task Force (IPTF) launched EthSystems today, a for-profit engineering firm aimed at helping banks, asset managers, and other regulated players transact on Ethereum without broadcasting sensitive data to the world.
Today we're launching EthSystems.
We build confidential systems for institutional Ethereum.
Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools.
We were the Ethereum Foundation's Institutional Privacy Task Force… pic.twitter.com/Gp75lgoP0z
— EthSystems (@eth_systems) July 14, 2026 What's the Scoop?The 101: EthSystems will design confidential systems that lets each party in institutional transactions see only what they're entitled to see, while keeping compliance hooks like selective disclosure intact. Anchor backers include Bitmine, Sharplink, and Ethereum co-founder Joe Lubin.Proven builders: Founders Oskar Thorén, Mo Jalil, and Aaryamann Challani spent the past year running the IPTF, meeting with 100s of institutions including central banks. Their resumes span the EF, Goldman Sachs, and early Ethereum mobile client Status, where they helped build privacy infra still used across the ecosystem today.A year of receipts: The team arrives with a public body of opensource work, including private bond proofs-of-concept, compliance-first shielded pools for stablecoin transfers, private cross-chain atomic swaps, and the Ethereum Privacy Map. EthSystems says it will keep publishing specs and PoCs openly as it takes on paid engagements.Spin-out season: EthSystems is the third org to recently spin out of the EF, joining Ethlabs (core protocol work) and Ethereum Institutional (institutional education and coordination). The new firm positions itself as the applied technical layer of that trio, i.e. the commercial counterparty institutions hire when they're ready to build.Zooming out: Wall Street is increasingly embracing ETH the asset, as the treasury companies bankrolling this launch are proof, but Ethereum the infrastructure still has a privacy problem for regulated finance. That the EF's institutional privacy specialists now see enough paying demand to go commercial is itself a signal. The "trillions onchain" thesis will hinge on confidentiality tech, and the race to supply it is officially on.
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Ethereum Foundation Clear Signing Push Targets Crypto’s Blind Approval Problem is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, regulation, security, or product layer sitting underneath the market noise.
The immediate point is straightforward: the Ethereum Foundation outlined work around safer clear signing standards. That gives readers something concrete to work with, rather than another vague sentiment update.
TL;DR The Ethereum Foundation outlined work around safer clear signing standards. The goal is to reduce blind approvals when users interact with complex dApps. Better signing clarity could help wallets reduce one of crypto’s most common user-side risks. Why This Matters Now The timing matters because Ethereum is already part of a wider conversation across the market. Traders want to know whether the development changes liquidity or risk. Builders want to know whether it changes what can be deployed. Compliance teams want to know whether it changes how platforms operate.
In that sense, the story is bigger than one headline. It sits inside the ongoing shift from speculative crypto cycles toward more practical questions: who can use these systems, how safe are they, and whether the underlying incentives actually work.
The best way to read it is with discipline. It is not a guarantee of immediate upside, and it should not be treated as one. But it does add a fresh data point to the way the market is thinking about Ethereum.
The Ethereum Angle For Ethereum, the important part is the specific mechanism. If this is a security issue, the risk sits in dependencies and user protection. If it is a listing or product launch, the question is access and liquidity. If it is a governance or research proposal, the question is whether the idea can survive implementation.
That is where this update becomes useful. It is not just a label attached to a trend. It gives readers a way to understand what might actually change if the development gains traction.
Crypto has a habit of turning every announcement into a broad market claim. This one deserves a narrower read. The value is in seeing how it affects the users, developers, institutions, or traders closest to the issue.
The Risk Side There is also a caution attached. Source material can confirm that a development exists, but it cannot prove that adoption will follow. A proposal still needs support. A product still needs users. A chart still needs confirmation. A compliance tool still needs integration.
That is why the responsible reading is not to oversell the story. The stronger takeaway is that this adds to a pattern. The crypto market is steadily becoming more professional, more technical, and more sensitive to real operational details.
Readers should also watch for follow-up signals. That could mean developer feedback, exchange support, regulatory response, wallet adoption, liquidity data, or simply whether market participants continue reacting after the first headline fades.
What Comes Next The next stage will decide whether this remains a narrow update or becomes part of a larger market theme. In crypto, that difference matters. Plenty of stories look important for a few hours and then disappear. The ones that last usually show up again through usage, liquidity, enforcement, governance, or developer adoption.
For now, this gives the market another piece of information to weigh. It is specific enough to be useful, but still early enough that readers should keep the caveats in view.
That makes it worth covering without pretending it settles anything. The story is a signal, not a final verdict.
The key is not to confuse coverage with certainty. Ethereum stories can move quickly, especially when they touch security, regulation, listings, infrastructure, or price levels. The useful approach is to track the next confirming detail rather than assume the first update carries the whole market story. That is how traders avoid chasing noise and how readers separate a genuine development from another passing headline.
This report is based on information from blog.ethereum.org.
This article was written by the News Desk and edited by Samuel Rae.
Cardano price holds above $0.15 as buyers attempt to stabilize ADA after a difficult weekly decline. The token trades near $0.158, extending losses beyond 14% over the past seven days.
Meanwhile, the wider crypto market has fallen 0.59% to $2.16 trillion during the latest session. Large wallets holding 100,000 to 100 million ADA have accumulated 320 million tokens since early July.
Their combined balances now stand at the highest among key stakeholders since the start of 2023. Nevertheless, ADA requires a sustained advance beyond $0.18 and $0.20 to enhance bullish action.
Bitcoin is trading around $62,500 with ETF outflows and escalating tensions between the US and Iran straining sentiment. Ethereum price continues to be pegged below $1,700 and XRP is above $1.05 amid the ongoing range-bound trading.
Cardano Whale Holdings Hit Highest Level Since February 2023 Cardano price is still close to the multi-year lows, but the big owners keep adding exposure when the market conditions are weak. Wallets holding between 100,000 and 100 million ADA now control more than 25.6 billion coins.
Source: Santiment data This balance reflects the group’s most significant overall holdings since February 2023, based on the data on the distribution of supplies. These wallets accumulated roughly 1.8% more ADA during the past four months.
Retail Wallets Reduce Their Cardano Exposure Retail Cardano wallets have experienced the reverse trend whereby smaller holders are lowering their combined exposure. Wallets with less than 100 ADA have approximately 0.7% less coins than four months ago.
This decline suggests retail traders are losing patience after ADA’s prolonged weakness during 2026.
✍️ TL;DR: Cardano’s key stakeholder holdings reach a 3.5 year high
📊 Metrics Used: Supply Distribution
🔗 Live Chart: https://t.co/9lzM6kxdcb
🦈 Cardano’s 100K to 100M ADA wallets now hold more than 25.6B coins, their highest level since February, 2023.
📉 Retail is doing the… pic.twitter.com/7iHLl5xyHT
— Santiment Intelligence (@SantimentData) July 13, 2026
In the meantime, Cardano is progressing with Leios testing, Hydra scaling upgrades, Mithril, and Pyth oracle integration. The difference between whale buying and retail selling poses a great shift in the market.
Cardano Price Eyes Recovery as ADA Holds Above $0.150 Support As of the reporting, the ADA price traded near $0.159 on the four-hour chart. Cardano price failed to break the resistance at $0.160 following its extension of the drop that had occurred at the beginning of July at a high of $0.195.
The nearest support is around 0.150, where the market was already defended by buyers. An extended decline below that would reveal $0.145 and $0.140. But maintaining above $0.150 can enable ADA to stabilize when another recovery attempt is to be made.
On the positive side, the future Cardano outlook needs to recover $0.160 in order to enhance near-term structure. An upward breakout beyond that level would be aimed at $0.170, then the more formidable level of $0.180.
Source: Tradingview The RSI was close to 36.75, indicating a weak momentum, but not overly oversold. Meanwhile, the MACD was below zero, albeit the histogram demonstrated milder bearish movement.
When it comes to playing crypto casino games, the coin is only the payment layer. Bitcoin, Litecoin, Ethereum, or Tether may change how money enters and leaves an account, but the round still belongs to the game format. A slot asks the eye to follow reels, symbols, and feature triggers. Blackjack asks for hand decisions. Roulette turns attention toward a spin. Live dealer games add table timing and human pace. That is the cleaner way to read crypto casino games before comparing platforms. The same coin can sit behind a calm table game, a quick slot, or a live round with a completely different sense of pace and attention from the player.
A useful lens comes from attention research, where game features such as aesthetics, storyline, feedback, and rewards can change how people stay engaged with a task. The findings in this Frontiers in Psychology study on game features and attention are not about casino play, but they help explain why mechanics and presentation matter. Two games can accept the same coin and still ask for very different kinds of focus.
Crypto Changes Payment, Format Changes Play
The easiest mistake in crypto casino coverage is treating the coin as if it explains the game. It explains the payment context, not the play experience. Once a reader separates those two layers, the useful question changes. Instead of asking only which coins are supported, they can ask what kind of format they are entering, how quickly rounds move, what the player is expected to watch, and whether the game is built around symbols, cards, numbers, or a live table.
That format-first reading is where Bovada Casino online becomes a practical reference point. The casino page brings several common online casino formats into one setting, including online slots, Hot Drop Jackpots, table games, blackjack games, roulette games, live dealer play, and more. It also describes crypto deposits through Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Bitcoin Lightning, and Tether, which keeps the payment layer visible without letting it dominate the whole conversation.
For a reader trying to understand crypto casino games, the useful detail is the separation between access and format. Slots are built around reels, symbols, payout lines, bonus triggers, and short feedback loops. Blackjack brings the focus back to hand value, dealer position, and table pace. Roulette creates a different rhythm through the wheel, number layout, and spin cycle. Live dealer games add hosted timing, so the session feels closer to a table environment than a purely digital round. Crypto may shape how the account is funded, but the format still shapes what the player actually does once the game begins.
A narrower example appears in this crypto games piece. Read as a slot-format walkthrough, it shows how individual games signal their rhythm before a player even starts engaging. Cai Fu Dai Panda is described through a 5-reel, 4-row setup, 50 payout lines, and feature games that can expand the reel area. Yin Yang Twins uses Sticky Wilds, Scatters, and retrigger chances. Phở Sho leans on food symbols, Hold & Win mechanics, and Food Scatter triggers. Da Hong Bao points to Wilds, Lucky Spins, Fortune Spins, and Dragon Spins. Nine Tailed Fortune centers on Free Spins, Feature Spins, and Wilds. Those details turn the theme into something more readable. A slot’s artwork gives the first impression, but its feature language tells the reader how the game is likely to move.
Read The Format Before the Coin A coin-first view can flatten the whole category. If three games accept Bitcoin, that says something about payment compatibility. It says very little about pace. A crypto slot and a crypto blackjack game do not become similar because they share a deposit method.
Slots usually have the shortest cycle. The player reads the screen quickly, then looks for symbols, reels, lines, sounds, and feature cues. Some slots are simple, with a familiar spin-and-resolve pattern. Others are built around bonus rounds, expanded rows, multipliers, hold-style features, or retrigger mechanics. This is where the difference between theme and format matters. A food-themed slot, a fox-themed slot, and a Chinese-inspired slot may all look different, but their mechanics decide how the play actually moves.
Table games slow the read down. Blackjack has a visible hand state. The player follows totals, dealer position, and available actions. Roulette has a different kind of suspense, with the layout and wheel carrying the rhythm. Specialty games may be simpler still, often built around one repeated mechanic.
Live dealer games sit in their own lane. The rules may resemble familiar table games, but the timing comes from a hosted environment. The pause before a card, the pace of a spin, and the dealer-led rhythm make the experience feel less like clicking through a digital round and more like joining a table already underway.
Beginner Questions That Actually Help A beginner does not need to memorize every feature name before playing. A better habit is to ask what the format expects. Is the game fast or slow? Does it ask for decisions, or mainly for attention to symbols? Are the main moments tied to cards, reels, numbers, or a live table? Does the theme change the feel, or does it only decorate a familiar mechanic?
These questions keep crypto in the right place. Payment choice can affect convenience, privacy preferences, and withdrawal flow, but it does not explain the game by itself. A crypto slot is still judged by its reels, bonus features, volatility feel, and pace. A crypto blackjack game still depends on the structure of the hand. A live dealer game still depends on table rhythm.
The cleanest order is format first, features second, payment third. Start with the kind of attention the game asks for. Then read the feature language. Then look at the supported coins, wallet steps, and payment details.
BNB marked its ninth anniversary since launching on July 14, 2017, evolving from an Ethereum-based utility token into a key asset driving one of the crypto industry’s largest blockchain networks.
Progression from utility token to core network assetWhen BNB debuted in 2017, it entered the market as an ERC-20 token on Ethereum, priced at $0.15 with a total supply of 200 million. It initially functioned primarily to reduce trading fees and facilitate activities on the then-emerging Binance exchange, now one of the world’s largest digital asset platforms.
In 2019, BNB transitioned to its own proprietary blockchain, becoming a native asset. This migration allowed BNB to serve as the backbone for its own network infrastructure and opened the door for new on-chain use cases beyond its original exchange utility.
BNB Chain acknowledged that BNB entered the industry as a utility token for a new exchange, and has since become central to one of the most active decentralized ecosystems in crypto after nine years of development.
With the launch of Binance Smart Chain in 2020, the network gained compatibility with Ethereum-based smart contracts, allowing developers to build decentralized applications while using BNB for transaction fees and network operations. This move positioned the chain as an emerging hub for decentralized finance (DeFi) and gaming projects.
DeFi expansion and technology upgradesBNB Chain gained significant traction during the 2021 DeFi boom, with its on-chain activity pushing BNB’s price to $690 at its peak. The surge in applications and trading volume established the network as one of the more active blockchains alongside giants like Ethereum.
A major rebranding came in 2022 when Binance Smart Chain became BNB Chain, with BNB reimagined as “Build N Build.” This shift emphasized the chain’s focus on supporting developers and network expansion.
In 2023, the ecosystem incorporated the opBNB scaling solution, designed to increase transaction throughput, and BNB Greenfield, which delivered decentralized storage capabilities. These upgrades reflected the network’s strategy to expand beyond simple financial transactions.
Mini dictionary: opBNB, a Layer 2 scaling solution for BNB Chain, is designed to handle more transactions per second and lower network fees by processing transactions off-chain before settling them on the main BNB blockchain.
Token burns, block speed, and 2026 roadmapEfforts to streamline BNB Chain continued with the 2024 Beacon Chain fusion, which unified staking and governance functions under one chain for improved user and developer experience.
By 2025, BNB Chain had reduced block times to 0.75 seconds through upgrades named Pascal, Lorentz, and Maxwell. That year also saw BNB reach a new all-time high of $1,370, and the network logged a new record for decentralized exchange (DEX) trading volumes.
YearBlock TimeBNB Price HighTotal BNB Burned20240.75 secondsNot specifiedNot specified20250.75 seconds$1,370Not specified20260.45 secondsNot specified65 millionCumulatively, more than 65 million BNB tokens have been burned out of the original 200 million. The burn mechanism aims to reduce the total supply to 100 million, a process intended to increase scarcity and potentially add value to the remaining tokens.
Currently, BNB Chain processes blocks in 450 milliseconds and achieves a final settlement time of 650 milliseconds—double the efficiency compared to early 2026 figures. The 2026 second-half roadmap outlines plans to double mainnet throughput and introduce a Layer 1 solution capable of processing more than 100,000 transactions per second (TPS).
The updated roadmap sets out to improve speed and throughput, targeting a Layer 1 network with over 100,000 TPS and even faster finality for transaction settlement.
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 digital asset ecosystem continues to evolve despite a still hesitant altcoin market. In this context, Chainlink reports a significant increase in its adoption with an unprecedented number of Ethereum wallets holding LINK tokens. This dynamic contrasts with more cautious activity in the derivatives markets, where sellers maintain the advantage. While long-term investors continue their accumulations, market indicators draw a fragile balance between fundamental confidence and expectations of a more marked movement.
In brief Chainlink surpasses for the first time 900,000 non-empty Ethereum wallets holding LINK. The network gained more than 20,000 new holders in one month, despite a still fragile altcoin market. Long-term investors continue their accumulations, while derivatives traders remain mostly sellers. LINK trades around $8.16 and faces a significant technical resistance located at $8.18. Liquidity zones between $8.00 and $8.30, as well as the $7.75 support, could guide the market’s next move. hainlink Passes the Historic Milestone of 900,000 Holders Chainlink has just reached an unprecedented high by crossing the threshold of 900,000 non-empty Ethereum wallets holding LINK, a level never seen before. According to Sentiment Intelligence data, the network welcomed over 20,000 new holders during the last month. This increase comes however in an environment where the entire altcoin market remains under pressure.
This evolution highlights a steady accumulation rather than a resurgence of speculative buys. Investors continued to acquire tokens while prices remained well below previous peaks. This behavior reflects lasting confidence in the project despite a period of market uncertainty.
At the same time, the expansion of the user base strengthens Chainlink’s role in several major blockchain ecosystem sectors. The protocol maintains a central position for infrastructures related to decentralized finance, tokenized assets, and cross-chain exchanges. Even though this adoption has not triggered an immediate price increase, it consolidates the network’s fundamentals in the long term.
Investors Accumulate While Derivatives Markets Remain Cautious Despite this record adoption, leveraged markets show a very different read. Derivatives traders continue to take a cautious approach, which currently limits the impact of this growth on Chainlink’s price.
The CVD (Cumulative Volume Delta) of futures takers over 90 days remains dominated by sellers as shown by the CryptoQuant chart data below. Aggressive sell orders still exceed market buys. This configuration illustrates a marked gap between investors building long positions and operators focused on short-term moves.
The CVD (Cumulative Volume Delta) of Chainlink futures reveals persistent seller dominance in recent weeks. Despite the accumulation observed among LINK holders, leveraged traders remain cautious, currently limiting upward price potential. Source: CryptoQuant.
Holders continue their purchases while leveraged players seem to await further confirmations before increasing their exposure. This caution suggests that a consolidation phase remains possible before a potential market acceleration.
Meanwhile, selling pressure has not prevented the number of holders from continuing to increase. This development shows that Chainlink’s adoption follows a trajectory independent of the fluctuations seen in derivatives markets. As long as buyers do not regain control of order flows, the progression potential of LINK could, however, remain limited.
LINK Rebounds on Its Support but Remains Blocked Under Major Resistance At the time of writing, the LINK price oscillates around $8.16 after a rebound on a major technical support, reflecting gradual improvement in momentum. Despite this recovery, the price faces significant resistance that must be overcome to confirm a stronger rebound.
Here are the key technical levels explaining the token’s current evolution:
The $7.00 support allowed the price to stop its decline and begin a recovery. The resistance at $8.18 is the main obstacle to continuing the rise. Breaking this resistance could open the way to $9.00, an important psychological threshold. The Relative Strength Index (RSI) reaches 52.51, signaling a gradual return of buying pressure. The RSI moving average stands at 50.44, confirming a progressively improving momentum. Technical indicators thus show that buyers are gradually taking control. After the oversold conditions observed in June, the market finds better balance without entering an overbought situation.
Price structure also confirms this evolution. Since its rebound, LINK records higher lows, reflecting progressively stronger demand. Buyers are therefore taking the initiative, but without a sharp move.
Breaking the resistance would be an important technical signal to confirm the recovery. Conversely, a new failure below this level would prolong the consolidation phase observed for several sessions.
Liquidity Zones Could Guide the Next Market Move The Binance liquidation heatmap data below highlight several levels likely to influence the market’s next move. Several significant liquidity concentrations appear above the current price, notably between $8.00 and $8.30, extending up to $8.31.
The CoinGlass heatmap highlights significant liquidity zones around $8.00 and $7.75, which could guide LINK’s next move. Source: CoinGlass.
These levels often attract price movements as many leveraged positions become vulnerable in these areas. When liquidations trigger, they can accelerate volatility and amplify ongoing movements.
Below the market, another liquidity concentration lies around $7.75. This zone could play an important role if sellers regain the advantage. LINK currently trades between these two poles, reflecting a temporary balance between buying and selling forces.
Operators generally watch these levels closely, as prices tend to converge towards the zones with the most liquidity. A sustained break above $8.00 could trigger short-position liquidations and boost buying. Conversely, a break below $7.75 would open the way to a new bearish pressure phase for Chainlink.
The continuous rise in holders remains a fundamental positive for Chainlink, even if derivatives markets stay cautious. The coming days’ evolution will mainly depend on buyers’ ability to break the $8.18 resistance while absorbing selling pressure. If this balance shifts in favor of demand, the token’s adoption momentum observed in recent weeks might gradually be reflected in LINK’s price evolution.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
At the quiet edge of Ethereum’s on-chain landscape, a notable shift is unfolding. According to the Santiment update, the top 100 wallets holding Tether (USDT) on Ethereum now control roughly 0.6% less of the available supply than three months ago. Meanwhile, the top 100 USD Coin (USDC) wallets have seen their collective share drop by about 4.7% over the same period. The changes are modest but point to something meaningful: stablecoin liquidity is quietly becoming more distributed.
Rather than a handful of giant addresses hoarding the bulk of the market’s buying power, capital is spreading across exchanges, DeFi protocols, institutions, and everyday participants. That dispersion reduces the market’s dependence on the whims of a few large actors. When stablecoin dry powder sits in more pockets, it can rotate into Bitcoin, Ethereum, or altcoins without waiting for a whale to make the first move. This trend aligns with the broader institutional embrace of stablecoin infrastructure, seen in recent tokenization milestones that rely heavily on on-chain dollar rails.
Why Distribution Often Beats Concentration High whale concentration in stablecoins has historically signaled cautious capital parked on the sidelines, often reluctant to flow into risk assets. The current slow unwinding of that concentration—described by Santiment as a “quietest bullish trend”—suggests a healthier footing. With supply spread among more wallets, the risk of a few actors pulling liquidity suddenly and triggering a cascading sell-off declines. It also points to a broader base of participants comfortable holding stablecoins, potentially preparing to deploy into positions as conviction builds.
Ethereum, still the dominant settlement layer for stablecoins, continues to lead in developer activity, which underscores the staying power of the network where much of this liquidity shift is happening. A distributed stablecoin supply on a high-activity chain creates a structural advantage: more potential buyers are already in position, reducing the friction for sudden market-wide rotations.
What to Watch Next The top-100 snapshot doesn’t capture the complete whale picture, and distribution alone won’t guarantee price moves. The sharper decline in USDC’s top wallets—4.7% versus 0.6% for USDT—may reflect different user bases. USDC’s heavier use in DeFi and institutional settlements could be driving a faster redistribution, while USDT’s broader retail footprint shows more stickiness. If the trend reverses and large holders begin reconsolidating supply, it would undercut the bullish signal. For now, traders should watch whether this quiet on-chain metric begins to align with increased spot volumes and broader participation. Often, market structure shifts like these show up in the data long before they appear in price.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Chainlink’s (LINK) base of wallets is expanding on Ethereum (ETH) while its price continues to face market headwinds.
New Santiment data puts the count at a record 900,000, and a wave of fresh integrations suggests the growth is not accidental.
Chainlink Adoption Grows While Price LagsThe figure marks an all-time high for non-empty LINK wallets on Ethereum, with more than 20,000 added over the past month. Data from Santiment shows the additions came without a price breakout.
“That kind of holder growth is usually a sign of long-term confidence,” Santiment said.
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Chainlink Non-Empty Wallet Growth. Source: X/SantimentThe context makes the trend notable. LINK trades near $7.9, down roughly 49% over the past year and about 85% below its 2021 peak. Sentiment remains weak, yet the base of wallets continues to grow rather than shrink.
“LINK’s holder base growing during weak market conditions is a strong signal. Price may still need market-wide momentum, but adoption is clearly moving in the right direction,” Santiment added.
Chainlink (LINK) Price Performance. Source: BeInCrypto MarketsAave Deepens CCIP RelianceSantiment tied the growth to Chainlink’s widening role as market infrastructure, citing its use across DeFi, tokenized assets, data feeds, and cross-chain settlement. The firm said institutional tokenization, adoption of the Cross-Chain Interoperability Protocol (CCIP), and capital-market integrations are expanding.
Recently, Aave (AAVE) selected Chainlink’s CCIP to power vault rebalancing, deposits, and transfers inside its mobile app.
It is one of several recent adopters. Chainlink’s latest adoption update logged eight integrations of its standard across four services and four chains, with users including Commertize, Mantle, Poppie Finance, and YuzuMoney.
CCIP now spans 35 chains and supports 76 cross-chain tokens. Tokenized-asset value on the protocol climbed 36.5% to $330.21 million over 30 days, per RWA.xyz data recorded on July 14.
That tension defines the current setup. Adoption signals point one way, price points another, and the coming quarters will test whether usage eventually pulls the token with it.
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The Robinhood Chain project has brought attention to the gap between user fees collected by Layer 2 blockchains and the revenue generated for the Ethereum mainnet. Recent data reveals a striking disparity, with users paying substantial fees while Ethereum receives only a fraction as compensation for settlement and data availability services.
Layer 2 Fee Flows: Robinhood versus EthereumUser fees on the Robinhood Chain surpassed $800,000, yet only about $1,600 was routed to Ethereum. According to statistics shared by Ethereum Daily, the user fee for the given period totaled $843,000, while the amount passed on to the Ethereum network reached just under $1,600, covering the costs of data availability and settlement.
Crypto analyst Lorenzo Valente referenced an earlier set of figures, noting that Robinhood Chain generated approximately $816,000 in total fees at that time, with $1,538 remitted to Ethereum. Valente attributed 89% of the revenue to Robinhood, 10% to Arbitrum, and only 0.15% to Ethereum, illustrating the current distribution of fee income among participants in the chain’s ecosystem.
This arrangement has led some observers to question whether Robinhood Chain is providing significant value to Ethereum. Concerns stem from the fact that most of the revenue remains within the Layer 2 and the connected Arbitrum ecosystem, with Ethereum seeing only minimal direct financial benefit.
Valente highlighted the efficiency of Robinhood Chain’s revenue model, noting that Robinhood captures the majority of user-paid fees, leaving Ethereum’s share comparatively negligible.
Mini dictionary: Robinhood Chain is a Layer 2 scaling solution for Ethereum, built on Arbitrum, designed to offer lower fees and faster transactions for real asset trading and decentralized finance.
EntityFees Received ($)Share of Revenue (%)Robinhood Chain~843,00089Arbitrum~94,00010Ethereum~1,6000.15Arbitrum’s Role and Revenue DistributionThe Robinhood Chain leverages Arbitrum, a prominent Ethereum Layer 2 technology, to transmit transactions to the Ethereum mainnet for finalization. The revenue sharing structure allocates 10% of protocol income to the Arbitrum ecosystem, with 8% directed to the ecosystem’s decentralized autonomous organization (DAO) treasury and 2% reserved for developer incentives. This demonstrates Robinhood Chain’s contribution to Arbitrum’s revenue while keeping Ethereum’s share to a minimum.
Ethereum Daily pointed out that fee revenue does not capture the full impact of Robinhood Chain’s activity. Robinhood has enabled stock token trading via its wallet in over 120 countries, expanding user access to tokenized stocks and decentralized applications, such as lending and collateral platforms.
Eligible users can engage in round-the-clock trading and participate in decentralized finance products, further expanding Robinhood Chain’s service offerings and user engagement.
Implications for ETH Demand and LiquidityThe network recorded $70 million in bridged Ether and $100 million in total value locked (TVL) in its early days, signaling rapid adoption. Uniswap, an established decentralized exchange and core Robinhood Chain partner, saw daily volumes approach $500 million as liquidity flowed in through various incentive initiatives, lending products, and transactional growth.
With the Robinhood Chain using ETH as its native gas token, an increase in network activity could drive meaningful demand for ETH as a transactional, collateral, and staking asset. The rising volume of ETH bridged from Ethereum to Robinhood Chain—having surged approximately 70-fold in one week past the $70 million mark—illustrates the pace of adoption and potential impact on ETH markets.
Nevertheless, the most significant share of fee revenue remains with Robinhood Chain and the Arbitrum ecosystem, with Ethereum’s income from user fees continuing to lag behind transaction growth. The long-term effect will depend on whether the platform’s expansion translates into sustained demand for ETH for essential network functions.
Joe Lubin, Ethereum co-founder, has emphasized the importance of low fees on Ethereum Layer 1 to foster broader growth and encourage expanded use of both mainnet and Layer 2 solutions.
Lubin argues that broader Ethereum adoption—across mainnet, Layer 2 networks, and private chains—will increase the overall use of ETH for gas, collateral, and staking. As network usage grows, more ETH can also be removed from circulating supply through transaction burns, potentially benefiting holders in the longer term.
Robinhood publicly launched the mainnet of Robinhood Chain on July 1. The project aims to facilitate trading in real assets, decentralized finance products, and tokenized stocks—supported by technology partners like Uniswap, Chainlink, and Morpho—while leveraging Arbitrum’s Layer 2 infrastructure for scaling.
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.
Seized Bitcoin, Ethereum MovesIn a similar development, an address containing Bitcoin seized from the defunct cryptocurrency exchange BTC-e moved $57.27 million in BTC.
Another wallet linked to Brian Krewson, the Oracle employee convicted of laundering millions in cryptocurrency for convicted drug traffickers, directly moved 30,000 ETH, worth $53 million, to Coinbase Prime.
“Will they be selling it all?” Arkham sparked intrigue, though no conclusive evidence supported it at the time of writing.
Big Sell Pressure Incoming?Movements from wallets tied to the government are not unusual. In the past, the Federal government has sold or auctioned cryptocurrencies it acquired through law enforcement actions, criminal probes, and asset seizures.
A notable example is billionaire Tim Draper, who bought nearly 30,000 BTC seized from the Silk Road darknet market by the U.S. Marshals Service, a Department of Justice agency, in 2014.
The USMS didn’t immediately return Benzinga’s request for confirmation on the latest transfer.
US Government: A BTC HODLer?The U.S. government holds 324,552 BTC, worth approximately $20.27 billion, and 28,394 ETH valued at $50.51 million, according to Arkham data.
Last year, President Donald Trump’s executive order established a Strategic Bitcoin Reserve funded by forfeited assets, with a provision to develop budget-neutral strategies for acquiring additional BTC.
Treasury Secretary Scott Bessent said last year that the government would stop selling the confiscated Bitcoin.
Price Action: At the time of writing, BTC was exchanging hands at $62,486.46, down 0.54% in the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Shutterstock
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Ethereum (ETH) price is in focus after ARK Invest analyst Lorenzo Valente said that Robinhood Chain is ultra-bearish for Ethereum’s revenue after ETH received only $1,538 in revenue from Arbitrum.
The analyst’s outlook comes as Robinhood Chain emerges as the fifth-biggest chain by DEX volumes per DeFiLlama, with the growth coming after the network announced a 90-day gas subsidy to boost adoption.
Ethereum price is up by 0.36% today, July 14, to trade at $1,780 at the time of writing.
ARK Invest Analyst Warns Robinhood Chain is Cannibalizing Ethereum Revenues Analyst Valente notes that Ethereum is barely getting any revenue share from Robinhood Chain despite the latter running on Ethereum’s layer-two network, Arbitrum.
In an X post, Valente said that Robinhood Chain has generated $816,000 in revenue since launching on July 1 amid buzz around Robinhood Chain tokens. 10% of this $816,000 has been paid to Arbitrum, while $1,538 has gone to Ethereum.
This revenue share suggests that Ethereum is only getting 0.15% of the revenue that Robinhood Chain is generating.
“If your thesis is ‘ETH is a revenue-generating asset,’ this is the ultra-bear case,” the analyst said.
Valente notes that “things need to change” so that Ethereum gets 15% of the revenue while Arbitrum and Robinhood get 10% and 75%, respectively.
But ConsenSys founder Joe Lubin has defended the low fees, saying that is what is attracting companies to build on Ethereum, and as this continues, it could boost the value of ETH.
Still, while Robinhood Chain coins are rallying because of the rapid growth of this chain since it launched on July 1, Ethereum price continues to struggle below resistance.
Ethereum Price Faces $1,840 Resistance as Bulls Eye 22% Rally The price of Ethereum is facing resistance at $1,840. It has been rejected at this resistance for three straight days, suggesting that buyers are hesitating to buy at this price.
But the MACD line that has turned positive supports a bullish long-term Ethereum price forecast. The RSI reading of 55 also suggests that the momentum is favoring bulls.
If Ethereum closes above the resistance level of $1,840, it will be a breakout from a rising parallel channel. This will suggest that the uptrend that started on June 26 could continue.
Moving above $1,840 could also confirm that ETH has completed a double-bottom pattern, and the price could gain by 22% and reach $2,244.
ETH/USDT: 1-day Chart (Source: TradingView) But if Ethereum does not close above the resistance of $1,840, sellers could return and pull the price down to the support of $1,725.
This drop to $1,725 could come as buyers flee the market after President Trump reinstated the blockade at the Strait of Hormuz as geopolitical tensions between the US and Iran escalate.
Ethereum ETF Outflows Return as Rising Oil Prices Fuel Bearish Narrative Data from SoSoValue shows that spot Ethereum ETFs had $15 million in outflows on July 13, marking a major turnaround from the $84 million in inflows seen between July 6 and July 10.
Ethereum ETF Flows The outflows come when investors are abandoning crypto because of the tensions between the US and Iran that pushed the price of crude oil to above $80.
Rising oil prices usually cause traders to reduce their interest towards risk assets, and if the prices keep rising, Ethereum price could drop as buying pressure fades.
The US inflation data that is coming out today, July 14, could also weigh on Ethereum and affect flows to spot ETH ETFs if it supports that the Federal Reserve will hike interest rates.
Bulls have been waiting for Ethereum to deliver a bullish technical signal for a long time. ETH has successfully broken out of a declining trendline that had capped every attempt at recovery since May after spending weeks stuck beneath short-term resistance. The move is one of the most significant technical advancements Ethereum has seen in recent months, even though it is not yet sufficient to signal the beginning of a full-scale bull market.
In the vicinity of the $1,750–$1,800 range, Ethereum was able to break above the declining resistance line that connected a string of lower highs. This is noteworthy because, ever since the rejection from the $2,400 area earlier in the year, the pattern has been strengthening bearish momentum. Ethereum is currently holding above its 50-day EMA at $1,740, and price action is stabilizing around $1,790.
ETH/USDT Chart by TradingViewAdditionally, the 100-day EMA at $1,755 has been reclaimed, forming a supportive cluster below current price levels. The market structure observed throughout June, when ETH remained in the downtrend, is noticeably different from this. The improving outlook is reinforced by momentum indicators.
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The RSI has risen above 53, indicating increasing buying pressure and firmly entering bullish territory. In contrast to earlier attempts at a rebound, the current move has not caused the RSI to enter an overbought state, allowing for further upside if buyers continue to be active. The next challenge is just around the corner.
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The psychologically significant $1,800-$1,850 range, which has frequently served as resistance over the past few months, is drawing closer to Ethereum. The bullish case would be strengthened by a clear move above that area, which might also lead to an advance toward the 200-day EMA at $2,220. It is still important to keep an eye on volume.
Although the breakout is technically sound, increased trading activity would provide more evidence that larger market players and institutions, as opposed to just short-term traders, are backing the move.
There has been no complete reversal of the general trend. Ethereum is still trading beneath the long-term resistance structure set earlier this year and remains far below its 200-day moving average. However, the short-term picture is significantly altered by the successful trendline breakout.
Confidence in XRPXRP's wider recovery attempt might not be finished despite recent weakness and another rejection close to local resistance. Even though the asset is still stuck below important moving averages and is trading close to the $1.07 mark, there are a number of indicators suggesting that the market has not completely given up on the possibility of a bigger recovery. The chart doesn't appear very confident at first glance.
At $1.11 for the 50-day EMA, $1.15 for the 100-day EMA, and $1.26 for the 200-day EMA, XRP is still below these benchmarks. Such a configuration usually indicates that sellers are still in control of the longer-term trend and reflects a bearish market structure. However, the moving averages alone don't fully capture the complexity of the current situation.
XRP/USDT Chart by TradingViewThe psychologically significant $1.00 area has been consistently defended by XRP since the sharp drop in June. Bears' attempts to force a clear breakdown have all been thwarted by buying activity, resulting in a comparatively stable support zone. Despite weeks of pressure, XRP has avoided hitting new lows, which suggests that selling momentum is gradually waning.
A fascinating tale is also told by volume. Selling volume has been continuously dropping, but buying activity is still insufficient to cause a breakout. This frequently occurs during accumulation phases, when market participants are less inclined to sell at low prices. The RSI is currently in the neutral 40-45 range.
This indicates that XRP is far from overheated and has potential for a recovery move if overall market conditions improve, even though it does not indicate bullish momentum. Reclaiming the 50-day EMA remains the bulls' primary goal. A successful move above $1.11 would probably draw in more momentum traders and open the door to the resistance zone between $1.15 and $1.20.
After that, the 200-day EMA at around $1.26 emerges as the primary technical obstacle. The current setup is notable because, despite trading below significant resistance levels, XRP is not accelerating downward. Rather, price action has begun a period of consolidation above support.
Bitcoin makes it back for nowBTC has risen back toward the $63,000-$64,000 range after rising from lows close to $58,000. This puts it directly below a significant resistance cluster that may dictate the market's next big move. The 50-day exponential moving average, which is currently close to $64,600, is the most immediate challenge.
Over the past few weeks, Bitcoin has tested this level several times but has been unable to produce a clear breakout. Sellers have been drawn in at each rejection, highlighting the significance of this area. Nevertheless, there are a number of reasons why the likelihood of a resistance break is rising.
First, since the June bottom, Bitcoin has been able to set a string of higher lows. Instead of retreating to the $58,000 support area, buyers have continuously intervened at increasingly higher prices. This behavior frequently indicates growing confidence and accumulation beneath resistance.
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Second, momentum indicators are improving over time. The daily RSI is approaching the neutral 50 level after recovering from oversold territory. It shows that the bearish momentum that dominated June has significantly decreased, even though it is not yet a fully bullish signal.
The broader market structure also supports a breakout. Bitcoin spent a few weeks consolidating after the sharp drop from the $82,000 area. Before making another directional move, markets usually need to go through these stages of consolidation. The longer Bitcoin stays above important support levels without hitting new lows, the more pressure builds against surrounding resistance.
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Traders should not underestimate the challenges that lie ahead, however. Even if Bitcoin surpasses the 50-day EMA, there will be more resistance near the 100-day EMA, which is located at $68,600. Above that, the 200-day EMA at approximately $74,700 remains the final line separating the market from a complete trend reversal.
Volume continues to be an issue. In contrast to the significant selling volume observed during the June crash, recent recovery attempts have involved comparatively low trading activity. During any breakout attempt, bulls would prefer to see a discernible increase in participation.
For the time being, Bitcoin does not appear to be actively rejected by resistance; instead, it seems to be coiling beneath it. A close above the $64,500–$65,000 range would greatly boost sentiment and might lead to a move toward $68,000. The technical setup indicates that Bitcoin's chances of breaking resistance are improving every day, even though confirmation is still required.
Ethereum has registered a notable technical development after breaking above a declining trendline that restricted its price recovery since May. For weeks, ETH had traded below short-term resistance, but the latest price surge marks one of the most significant movements for the asset in recent months. However, analysts caution that this action does not, on its own, signal the start of a new bull market.
Ethereum breaks key trendlineETH surpassed the downward resistance in the $1,750–$1,800 region, moving beyond a line that connected a sequence of lower highs set over previous months. This breakout comes on the heels of a long-running bearish pattern that had intensified following a rejection from the $2,400 level earlier in the year. Currently, ETH is holding above its 50-day exponential moving average (EMA) at $1,740, and its price is consolidating near $1,790.
The asset has also reclaimed the 100-day EMA at $1,755, creating a supportive zone beneath the current price. This shift marks a departure from the more bearish market structure seen in June when ETH remained in a downtrend. Supporting indicators, such as momentum metrics, add to this improving outlook.
The relative strength index (RSI) has lifted past 53, pointing to increasing buying interest and a move into bullish territory. The indicator has not entered overbought conditions, which leaves room for additional upside if demand persists. The next test for Ethereum is approaching quickly.
Major resistance sits in the $1,800–$1,850 range—a level that has repeatedly capped previous rallies in recent months. If ETH achieves a decisive move above this band, it could target its 200-day EMA near $2,220. However, trading volume remains closely scrutinized.
Although the breakout is promising from a technical perspective, increased trading activity would provide further confirmation that larger institutional participants are backing the move rather than only short-term traders.
ETH price has broken out above key resistance, and if supported by higher volume, it could signal broader trend improvement for Ethereum in the coming weeks.
Despite the recent upswing, ETH is still trading below the long-term resistance established earlier this year and remains well under its 200-day moving average. Still, the short-term narrative has shifted with the successful trendline breakout.
XRP defends critical supportXRP, developed by Ripple Labs, is showing attempts at a broader recovery despite recent weakness and rejection near local resistance. While XRP currently trades just above $1.07 and remains under its key moving averages, several market indicators still hint at persistent recovery potential.
The 50-day EMA at $1.11, 100-day EMA at $1.15, and 200-day EMA at $1.26 each continue to act as resistance above XRP’s current level, suggesting a predominantly bearish long-term outlook. However, these averages do not fully represent the current buying activity near psychological support.
Since the steep decline in June, the $1.00 zone has proven to be a strong support area. Attempts to push XRP below this level have failed, indicating solid demand and suggesting that downward momentum may be fading. Notably, XRP has managed to avoid fresh lows in the face of sustained pressure.
Volume patterns are also revealing. Selling activity has steadily decreased, but current levels of buyer participation remain insufficient to trigger a breakout. This environment often reflects accumulation, where investors refrain from selling at lower levels.
The RSI stands between 40 and 45, signaling neither oversold nor overbought conditions and leaving open the possibility for a rebound if market sentiment improves. Reclaiming the 50-day EMA at $1.11 is an immediate target for bulls and a move above it could open the path toward the $1.15–$1.20 resistance area. Should this rally continue, the 200-day EMA at $1.26 is the next major technical hurdle.
Ripple Labs is a US-based technology company focusing on digital payment protocols and the development of XRP, a digital asset used for cross-border financial transfers.
Mini dictionary: Exponential Moving Average (EMA), a technical indicator that gives greater weight to more recent price data and is used to gauge short- and long-term market trends.
Interestingly, XRP is consolidating above support, showing resilience despite trading below all major resistance zones.
Bitcoin eyes major resistanceBitcoin (BTC) has rebounded toward the $63,000–$64,000 range after recovering from lows near $58,000. The move places Bitcoin immediately below a key resistance cluster that could determine the asset’s short-term trajectory. The 50-day EMA, currently at $64,600, represents the next technical challenge for bulls.
BTC has approached this level several times recently, but each attempt resulted in sellers regaining control. This repeated rejection underscores the significance of the current resistance zone, but several signals now point toward increasing odds of a breakthrough.
AssetCurrent Price AreaKey Resistance Level50-day EMA200-day EMAEthereum (ETH)$1,790$1,800-$1,850$1,740$2,220XRP$1.07$1.11-$1.20$1.11$1.26Bitcoin (BTC)$63,000-$64,000$64,500-$65,000$64,600$74,700BTC has set higher lows since its June bottom, with buyers stepping in at elevated prices instead of letting it drop back to $58,000. This price action hints at persistent accumulation and growing confidence among investors. Momentum indicators, such as the daily RSI, are improving and now approach the neutral 50 level, showing that bearish momentum has eased, even if bullish signals are not fully confirmed.
The market structure reinforces the breakout potential. After consolidating since the crash from $82,000, Bitcoin’s failure to make new lows increases the upward pressure on resistance. Yet, substantial challenges remain, including the 100-day EMA at $68,600 and the 200-day EMA at about $74,700.
Volume trends are still subdued. The sizable selling volume seen during the June drop has yet to be matched by buying activity in recovery attempts, so traders are watching for increased participation to support a breakout.
Bitcoin is consolidating below the $64,500–$65,000 resistance range, and a close above this level could quickly shift the broader sentiment and set the stage for a move toward $68,000.
Currently, BTC appears to be gathering strength immediately beneath major resistance without facing strong rejections. The technical picture suggests that the chances of a breakout are improving, although more confirmation is needed.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
Geopolitical tensions have once again rattled financial markets, but institutional investors are showing signs of returning to crypto, with particular interest in Crypto ETFs as a way to gain exposure. Bitcoin held above $62,500 while Ethereum traded near $1,700 despite fresh uncertainty after U.S. strikes on Iran and Tehran’s decision to close the Strait of Hormuz until further notice.
The steady price action, along with improving ETF flows, suggests large investors are continuing to build positions rather than exiting the market.
Crypto ETFs End 8-Week Outflow StreakAccording to The Kobeissi Letter, crypto investment products attracted $281.8 million in net inflows last week, ending an eight-week streak of more than $7 billion in outflows.
Bitcoin funds accounted for $197.4 million, while Ethereum investment products added another $84.4 million. Even so, the recovery remains early. Total 12-month ETF inflows now stand at around $1 billion, far below the $10 billion recorded in April and the $12 billion peak seen in October 2025.
The report noted that buyers are beginning to return, but this is “buyers dipping a toe, not a full cycle turn yet.”
BlackRock Continues to Lead Bitcoin DemandInstitutional demand remained heavily concentrated in BlackRock’s iShares Bitcoin Trust (IBIT).
According to Farside Investors, IBIT attracted $291.9 million in fresh capital last week, more than offsetting outflows from Grayscale, ARK 21Shares, and Fidelity’s Bitcoin ETFs.
Bitcoin also held above $62,000 despite oil prices climbing 4–5% following Middle East tensions, highlighting the asset’s resilience during a period of broader macro uncertainty.
XRP, SOL and HYPE ETFs See Fresh InterestInstitutional activity also extended beyond Bitcoin.
According to SoSoValue, XRP ETFs recorded $7.18 million in net inflows. Virginia-based Main Street Group disclosed holdings of 5,261 shares of the Canary XRP ETF, valued at roughly $58,292. Other institutional investors include Larson Financial Group ($1.8 million), Q3 Asset Management ($430,000), Hurley Capital ($135,000), and Flow Traders, which currently holds the largest reported XRP ETF position at $1.93 million.
Meanwhile, Solana ETFs attracted $930,430 in net inflows, while HYPE ETFs added $10.36 million, reflecting growing institutional interest across select altcoins.
Analyst Warns $61K Remains the Key LevelCrypto analyst Michaël van de Poppe said Bitcoin’s overall structure has not changed much, but short-term weakness is becoming more visible.
I don't think much has changed on #Bitcoin, yet.
However, there's clearly a lack of strength, as;
– Yields are going up.
– Oil is going up.
– Nasdaq is going down.
There's also a clear bearish divergence (and bullish divergence) at play.
Matter of question of which one is… pic.twitter.com/BxX4mKhzea
— Michaël van de Poppe (@CryptoMichNL) July 13, 2026 He pointed to rising bond yields, higher oil prices, and a weaker Nasdaq as signs that risk assets remain under pressure. Van de Poppe expects Bitcoin could briefly fall below $61,000 in July to form a triple bottom before recovering.
According to the analyst, the $61,000 level remains the most important support to hold, as losing it could trigger another wave of downside momentum.
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CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
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Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
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Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
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Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
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The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
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The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
The U.S. government transferred nearly $297 million in seized Bitcoin and Ether to Coinbase Prime on Monday, according to blockchain data.
Summary
U.S. government wallets transferred nearly $297 million in seized Bitcoin and Ether to Coinbase Prime. The Bitcoin movement renewed questions about compliance with Trump’s strategic reserve order banning government sales. Coinbase Prime supports custody and trading, so the transfers do not prove an immediate liquidation. The move renewed questions about how federal agencies plan to handle crypto covered by President Donald Trump’s reserve policy.
The transfers included about 3,940 BTC worth roughly $244 million and around 30,000 ETH valued near $53 million at the time. Arkham’s government wallet tracker recorded the movements, although changing market prices can alter their dollar value.
Seized Bitcoin and Ether reach Coinbase Prime Galaxy Research head Alex Thorn linked the Bitcoin to seizures involving Ryan Farace, known online as “Xanaxman,” and the closed BTC-e exchange.
“These coin movements were comprised of coins seized from Ryan Farace and defunct crypto exchange BTC-e,” Thorn said.
these coin movements were comprised of coins seized from ryan farace (“xanaxman”) and defunct crypto exchange btc-e
— Alex Thorn (@intangiblecoins) July 13, 2026 The Ether came from wallets tied to Brian Krewson, an Oracle employee connected to a federal case involving crypto storage and money laundering. The transfers brought assets from several enforcement cases into an institutional platform used by government agencies and large investors.
Transfer does not confirm a government sale A deposit to Coinbase Prime can allow trading, but it does not prove that officials plan to sell the assets. Coinbase Prime provides custody, execution, financing and staking services. Federal agencies may use the platform to consolidate wallets or move assets into managed custody.
The U.S. Marshals Service selected Coinbase Prime in 2024 to safeguard and trade certain forfeited digital assets. Government wallets have since sent funds to the platform several times. As reported by crypto.news, authorities moved nearly $984,000 in FTX and Alameda-linked crypto in June, with about $768,000 reaching Coinbase Prime.
Trump reserve order limits Bitcoin sales Trump’s March 2025 executive order created a Strategic Bitcoin Reserve and a separate stockpile for other digital assets. The order says Bitcoin placed in the reserve “shall not be sold” and must remain a U.S. reserve asset.
The order also allows some exceptions under existing law. Agencies may return assets to verified victims, use them for law enforcement work or follow a court order. Ether and other non-Bitcoin holdings fall under the separate digital asset stockpile, where the Treasury can set stewardship plans within its legal authority.
Reserve structure remains unsettled The latest movement comes while federal agencies still debate who should manage the Bitcoin reserve.Treasury and Commerce have discussed control of seized BTC while officials review custody, legal authority and the need for new legislation.
Government-linked wallets still hold about $20.5 billion in crypto, based on current tracker estimates. Bitcoin accounts for most of the total, with roughly 325,000 BTC. The wallets also hold Ether, Tether, wrapped Bitcoin and other seized assets, although public trackers may not identify every federal address.
The recorded balance can change quickly because crypto prices move throughout the day. It can also change when courts order restitution, agencies transfer custody, or investigators identify new wallets. Public dashboards therefore provide estimates rather than a complete official federal accounting.
The Monday transfers ranked among the largest government-linked moves to Coinbase Prime in 2026. In April,a federal wallet sent 2.438 BTC from a separate criminal case to the platform.
On-chain records show where funds moved, but they do not reveal the government’s final instructions to Coinbase Prime. A confirmed sale would require further wallet activity, trading records or an official statement. Until then, the transaction remains a custody or asset-management move rather than proof of liquidation.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will perform wallet maintenance for Ethereum Network (ETH) at 2026-07-16 06:00 (UTC). To support the wallet maintenance, deposits and withdrawals on Ethereum Network (ETH) will be suspended starting from 2026-07-16 05:55 (UTC), and be resumed when the maintenance is complete. The maintenance will take about one hour. Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-14
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.
Key Highlights BitMine acquired 27,801 ETH over the past week, pushing its total reserves to 5.77 million ETH valued at approximately $10.25 billion US spot Ethereum ETFs saw $84.42 million in net inflows, marking the first positive week after eight consecutive weeks of capital outflows ETH dropped beneath $1,800 following escalated U.S.-Iran military tensions that drove oil prices above $74 and sparked risk-off market behavior Critical support remains established at $1,750; breaching resistance at $1,825–$1,850 could push prices toward $2,140 according to daily chart double-bottom formations $81.75 million worth of positions were liquidated over 24 hours, with long positions accounting for $57 million of the total Ethereum continues to trade in the vicinity of $1,760 after dipping under the $1,800 threshold amid heightened U.S.-Iran military confrontation. Recent American airstrikes against Iranian targets propelled crude oil prices approximately 4% higher to surpass $74 per barrel, prompting investors to retreat from risky assets such as cryptocurrencies.
Ethereum (ETH) Price Iranian officials reported strikes on U.S. military installations across Bahrain, Kuwait, Oman, and Jordan as retaliatory measures. Growing concerns surrounding the strategic Strait of Hormuz corridor intensified downward pressure across global financial markets.
ETH retreated roughly 3.6% from its Monday session peak of $1,837. Market participants continue to protect the $1,750 price floor for the time being.
Corporate Accumulation Gains Momentum BitMine Immersion Technologies (BMNR) increased its Ethereum reserves by 27,801 ETH throughout the previous week. This acquisition brings the company’s aggregate holdings to 5.77 million ETH, representing an estimated market value of $10.25 billion.
BitMine Buys 27,801 ETH, Holdings Reach 5.77M ETH
BitMine said it acquired 27,801 ETH over the past week, lifting total holdings to 5,770,038 ETH, or about 4.8% of Ethereum’s supply, and has staked 4,917,189 ETH. As of July 12, the company also held $482 million in cash and… pic.twitter.com/mPIsOLFZ9c
— Wu Blockchain (@WuBlockchain) July 13, 2026
BitMine’s Chairman Thomas Lee disclosed that projected annualized staking revenue has reached $242 million. The organization has allocated 4.91 million ETH — representing approximately 85% of total reserves — to its Made in America Validator Network (MAVAN), which is currently generating a 7-day annualized staking yield of 2.70%.
The Nevada-based enterprise reports it has achieved 96% completion toward its strategic objective of controlling 5% of Ethereum’s total circulating supply.
US spot Ethereum ETFs registered $84.42 million in net capital inflows during the past week, based on SoSoValue tracking data. This represents the first positive weekly performance following two consecutive months of withdrawals.
Market Analyst Perspectives Cryptocurrency analyst Ali Martinez indicated he would establish long positions on ETH upon a decisive break above $1,850. This price level corresponds with a significant short liquidation concentration zone between $1,840 and $1,860 identified in CoinGlass data, where forced short closure could potentially accelerate upward momentum.
Analyst Ted Pillows observed on July 13 that ETH maintaining support above $1,750 represents an encouraging signal, suggesting a potential rally toward $2,000 if this foundation persists.
Cryptocurrency analyst Michaël van de Poppe (@CryptoMichNL) commented that despite broader market headwinds, ETH “isn’t bothered” and is “showing a lot of strength” relative to Bitcoin. He highlighted improving momentum in the ETH/BTC trading pair and referenced the forthcoming Clarity Act as a possible positive trigger.
Despite the overall weakness, $ETH isn't bothered.
It's showing a lot of strength, as it continues to go up.
A lot of momentum in this one against #Bitcoin and I'm sure this will continue to last, given that the Clarity Act seems to be on the horizon. pic.twitter.com/ifVq8TRbLD
— Michaël van de Poppe (@CryptoMichNL) July 13, 2026
Examining the daily timeframe, a prospective double-bottom formation with troughs around $1,505 continues to hold. A validated breakout above $1,825 would establish a technical price objective in the vicinity of $2,140.
ETH currently trades beneath both its 50-day EMA positioned at $1,798 and its 100-day EMA located at $1,946. The MACD indicator maintains elevation above its signal line, while the Chaikin Money Flow registers approximately 0.10, indicating positive territory.
$81.75 million in aggregate liquidations struck the marketplace within a 24-hour window, with $57 million stemming from leveraged long positions, according to Coinglass data.
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
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Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
14 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
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Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
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The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
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The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
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Key Takeaways Federal authorities transferred approximately 3,940 BTC (valued at ~$244M) and roughly 30,014 ETH (~$53M) to Coinbase Prime this week The Bitcoin originated from seizures connected to Ryan Farace (alias “Xanaxman”) and the shuttered BTC-e exchange; Ethereum traces back to a money laundering investigation involving an Oracle employee This transaction prompts scrutiny regarding Trump’s executive directive from March 2025 that prohibits liquidation of confiscated Bitcoin Transfers to Coinbase Prime don’t necessarily signal an impending sale — the service provides custody and portfolio management capabilities Federal crypto holdings remain substantial at approximately $20.5 billion, with around 325,000 BTC in storage Federal authorities orchestrated a substantial movement of confiscated cryptocurrency assets to Coinbase Prime this week, with blockchain intelligence platform Arkham documenting the transactions. The operation involved approximately 3,940 Bitcoin valued at roughly $244 million alongside about 30,014 Ethereum worth near $53 million.
The Bitcoin portion traces back to law enforcement actions against Ryan Farace, who operated under the alias “Xanaxman,” plus assets recovered from BTC-e, a cryptocurrency exchange that ceased operations. Galaxy Research’s director Alex Thorn publicly verified these origins.
The Ether portion originated from addresses associated with Brian Krewson, an Oracle corporation employee implicated in federal proceedings concerning cryptocurrency custody and financial crimes totaling approximately $54 million. These movements consolidated assets from multiple enforcement actions onto one institutional-grade platform.
Is the Government Planning to Liquidate These Assets? Moving cryptocurrency to Coinbase Prime doesn’t automatically indicate an impending liquidation. This platform delivers comprehensive services including secure storage, trading capabilities, financing options, and staking functionality. Federal departments may simply be reorganizing their holdings or transitioning assets into professionally managed custody arrangements.
The United States Marshals Service selected Coinbase Prime during 2024 as their designated platform for securing and potentially trading confiscated digital currencies. Government-controlled addresses have executed multiple transfers to this platform since then. This week’s operation represents one of the most substantial government-related movements to the platform recorded in 2026.
Previously in June, government-affiliated wallets dispatched approximately $768,000 in cryptocurrency connected to the FTX and Alameda Research collapse to Coinbase Prime. Earlier in April, approximately 8.2 Bitcoin associated with the notorious 2016 Bitfinex security breach was similarly transferred.
Implications of Trump’s Strategic Bitcoin Directive These cryptocurrency movements attract heightened scrutiny due to Trump’s executive directive issued in March 2025. This presidential order established a Strategic Bitcoin Reserve with explicit language mandating that Bitcoin included within this reserve “shall not be sold.”
However, the directive incorporates specific exemptions. Federal agencies maintain authorization to restore assets to confirmed victims, deploy them for investigative purposes, or comply with judicial mandates. Ethereum and alternative digital currencies fall under a distinct digital asset inventory, where Treasury officials possess discretion in establishing management protocols.
The reserve’s operational framework remains under development. Treasury and Commerce departments continue negotiations regarding administrative responsibility for the Bitcoin reserve, addressing questions surrounding custody arrangements, regulatory jurisdiction, and potential legislative requirements.
Government-controlled cryptocurrency wallets currently contain an estimated $20.5 billion in digital assets. Bitcoin comprises the majority of these holdings, totaling roughly 325,000 BTC. Additional holdings include Ethereum, Tether, wrapped Bitcoin, and various other confiscated cryptocurrencies.
Blockchain transparency reveals where funds traveled, but not the specific instructions provided to Coinbase Prime. Definitive evidence of liquidation would require subsequent wallet transactions, exchange records, or formal government announcements. Until such confirmation emerges, analysts interpret this transfer as a custodial reorganization.
Robinhood Chain has renewed debate over how much value Ethereum captures from Layer 2 networks.
Summary
Robinhood Chain generated $843,000 in fees while paying Ethereum about $1,600 for settlement and availability. Critics say the revenue gap weakens Ethereum’s value capture despite rising activity across Layer 2s. Supporters argue Robinhood’s tokenized stocks could bring millions of new users into Ethereum-based financial markets. Ethereum Daily said users paid about $843,000 in fees, while the chain sent roughly $1,600 to Ethereum for data availability and settlement.
Lorenzo Valente, a crypto analyst and contributor at ARK Invest, used an earlier snapshot showing about $816,000 in revenue and $1,538 in Ethereum costs. He estimated that Robinhood retained 89%, Arbitrum received 10%, and Ethereum captured 0.15%. The different totals likely reflect when each account collected the data.
Fee split renews debate over Ethereum’s Layer 2 model Valente said the figures support two views of ETH. Higher activity can increase the asset’s use as gas, collateral and settlement money. However, Layer 2 networks may keep most user fees, leaving Ethereum with limited direct income from the transactions they process.
The Robinhood Chain is the cleanest case study of what happened to ETH's economics over time.
Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue.@Arbitrum, the middleware provider, takes 10%: ~$80K.
Arbitrum then pays Ethereum for settlement: $1,538.
The… pic.twitter.com/Jc8k4yi60M
— Lorenzo Valente (@LorenzoARK) July 13, 2026 “Ethereum won this deal on merit. It’s just not pricing it right,” he wrote.
Robinhood Chain uses Arbitrum technology and posts data to Ethereum. Its licensing structure sends 10% of protocol net revenue to the Arbitrum ecosystem, including 8% for the DAO treasury and 2% for developer support.
Tokenized stocks strengthen the distribution case Ethereum Daily argued that direct fees show only part of Robinhood Chain’s potential value. Robinhood launched Stock Tokens through Robinhood Wallet in more than 120 countries. Eligible users can trade them around the clock and use them in decentralized applications, including lending pools and collateral markets.
That reach could bring traditional investors into onchain markets through Apple and Nvidia-linked products. Users who begin with tokenized equities may later use decentralized exchanges, stablecoins, lending services and perpetual futures. The outcome still depends on demand, liquidity and continued product access.
Joseph Lubin supports low Ethereum fees Ethereum co-founder Joseph Lubin defended the low-fee model. He wrote, “Ethereum L1 revenue fees should stay low to foster growth.” Lubin expects more companies to build across Ethereum mainnet, Layer 2 networks and private Ethereum-compatible chains in coming years.
His case focuses on wider ETH demand rather than immediate settlement income. More networks may use ETH for gas, collateral and staking. Mainnet transactions can also burn ETH. Still, the approach leaves an open question over whether Ethereum receives enough revenue from businesses operating above it.
Robinhood Chain records fast early growth Robinhood launched the public mainnet on July 1 as an Ethereum Layer 2 built with Arbitrum. The company designed the network for real-world assets, trading and decentralized finance. Uniswap, Chainlink, Morpho and other providers supported the chain at launch.
As previously reported, Robinhood Chain passed $70 million in bridged Ether and $100 million in total value locked. Daily Uniswap volume later reached about $500 million, while the network processed millions of transactions. Lending products and incentive-linked strategies supplied early liquidity.
Separately, a crypto.news review found that the network produced $570 million in early trading volume against about $21.7 million in launch-day liquidity. The figures showed strong initial activity while raising questions about liquidity depth and whether usage will continue after early rewards decline.
The debate separates direct fee capture from wider network value. Ethereum receives a small share of Robinhood Chain’s user fees, while Arbitrum and Robinhood retain more. Ethereum may still gain through ETH use, settlement demand and new onchain users, but those benefits depend on sustained activity.
Ethereum co-founder Joseph Lubin has emphasized the importance of maintaining low Layer 1 fees to drive adoption and enhance the long-term value of the Ethereum network. Lubin argued that low transaction costs, coupled with increased network activity, staking, and ETH burning, could strengthen Ethereum’s competitive position as a leading blockchain platform. This comes as Ethereum’s L1 fees have dropped to a historic low of approximately $0.09–$0.10 per transaction, partly due to the recent Glamsterdam upgrade and the shift of activity to Layer 2 solutions like Arbitrum and Base. Lubin’s comments are seen as a strategic push to position Ethereum’s L1 as a low-cost settlement layer, supporting its deflationary potential during periods of high activity.
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Key Takeaways Lubin’s advocacy for low Ethereum L1 fees appears consistent with promoting broader network adoption. The reduction in transaction fees suggests a strategic emphasis on Ethereum’s scalability and deflationary potential. Pricing suggests market participants may view Lubin’s comments as supportive of Ethereum’s long-term value. What to Watch Markets will be observing the impact of Lubin’s comments on Ethereum’s adoption and price trajectory. Key indicators include changes in staking participation and ETH burning rates, which could influence perceptions of Ethereum’s deflationary potential. Any further upgrades or shifts in network activity to Layer 2 solutions may also provide insights into Ethereum’s scalability strategy and its implications for future price movements.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.7% — — View market → December 31, 2026 2.4% — — View market → December 31, 2026 3% — — View market → December 31, 2026 3.2% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 9.5% — — View market → January 1 2027 15.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 3.1% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7% — — View market → January 1 2027 62% — — View market → January 1 2027 7.5% — — View market → January 1 2027 2.9% — — View market → January 1 2027 24.5% — — View market → January 1 2027 31.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 70.5% — — View market →
Bitcoin's more balanced sentiment stands in contrast to the growing enthusiasm surrounding Ethereum and XRP.
ETH and XRP traders have become notably more optimistic, with market intelligence firm Santiment reporting the highest levels of fear of missing out (FOMO) for both assets in the past five weeks.
The change in tune has come even with prices struggling to build sustained momentum, raising the possibility that bullish sentiment may be running ahead of market performance.
XRP Leads Sentiment Spike While BTC Stays Balanced According to a July 13 X post by Santiment, XRP’s bull-to-bear ratio sat at 3.02, meaning that there were more than three positive posts online for every negative one. Ethereum wasn’t far behind at 2.31, placing it in what the analytics platform described as “slight FOMO territory.” As for Bitcoin (BTC), it posted a much lower 1.40, suggesting that traders were relatively neutral about it.
Both BTC and ETH opened relatively strong on Monday but faded as the day went on, with Santiment pointing out that crowds tend to get loud at the wrong moment.
“Crypto typically moves opposite to what the crowd is loudly expecting,” the firm wrote. “When traders get too bullish on XRP or ETH while prices are already dipping, it can create short-term downside risk or at least slow the rebound.”
However, it argued that Bitcoin’s flatter reading may give it more room for a rally since the crowd hasn’t fully bought into the “higher prices next” trade yet. This assessment was echoed by trader Xaif Crypto, who also argued that BTC’s calmer sentiment “means more room to run,” while the heavier optimism surrounding XRP and ETH could limit their immediate recovery.
Looking at the price actions of the three assets, XRP had slipped below $1.08, a resistance level highlighted by analyst Cryptorphic, and was trading around $1.07 at the time of writing, a roughly 5% drop in the last seven days and almost 7% over the past month. According to the analyst, the token is quite vulnerable as long as it trades beneath $1.08, with even lower prices seeming likely.
On its part, ETH has held up better and was trading closer to $1,800 than $1,700, having gained a modest 1% over one week and more than 6% in the last 30 days. It did move briefly above $1,800 over the weekend before pulling back, although several market watchers have expressed optimism that the current level could see the asset push up to $2,500.
You may also like: Here’s Why Robinhood Chain Is Ultra Bullish for ETH Despite Cannibalizing Revenue 3 Years After The Key Ripple-SEC Ruling: How XRP Went From SEC Target to Institutional Asset South Korea Stock Crash Could Drag Bitcoin Below Key Support: Analyst Meanwhile, Bitcoin dipped slightly in the last day after starting July rather strongly when it rebounded from around $57,700 to $64,000. It is currently changing hands below $63,000, with wallets holding between 10,000 and 100,000 BTC adding 11,000 BTC in the last week, suggesting that dip demand hasn’t dried up despite weeks of choppy trading.
Optimism Faces Mixed On-Chain and ETF Signals While traders have become excited about XRP, the asset has had to contend with cooling institutional and whale activity, marked by spot XRP ETFs recording their first week of net outflows in more than 2 months.
Furthermore, on-chain data also showed a significant drop in XRP transactions of more than $1 million, which have gone from 70 to only 2 in about a week, while wallet creation on the XRP Ledger has also slowed compared with earlier in the year.
While institutional investors continue to show interest in the cryptocurrency market, there has been a noticeable decline in individual investor engagement on social media. According to recent data, the volume of posts using the keywords “Bitcoin” and “Ethereum” on X (formerly Twitter) has fallen to its lowest level in the last 12 months.
Daily posts about Bitcoin have dropped to around 130,000, while posts about Ethereum have fallen to around 40,000. These levels represent the lowest social media activity seen since 2020, when institutional interest was just beginning to emerge.
Tweet volume is considered one of the key indicators measuring the level of interest of individual investors in the market. This metric reveals not the amount of capital entering the market, but how much investors are talking about specific assets. The current situation is noteworthy because, despite social media interest falling back to 2020 levels, institutional investors’ interest in cryptocurrencies is conversely accelerating.
In 2020, Bitcoin and Ethereum hadn’t yet fully entered Wall Street’s radar, spot ETFs hadn’t been approved, and holding crypto assets on corporate balance sheets wasn’t widespread. Today, the picture has changed dramatically. Spot Bitcoin and Ethereum ETFs manage billions of dollars in funds, and asset tokenization holds a significant place on the agenda of traditional finance conferences and major financial institutions.
Analysts believe this development could signal that institutional adoption may now be able to progress independently of individual investor interest. However, historical data shows that low levels of social media engagement often coincide with periods when prices are trading sideways or pulling back.
According to experts, as the crypto ecosystem matures, price movements and infrastructure investments may not require as much intense individual investor interest as in past bull cycles.
However, the renewed increase in individual investor participation remains a crucial factor in strengthening both trading volumes and market momentum. Therefore, social media data continues to be closely monitored as an indicator of market sentiment.
*This is not investment advice.
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Even as altcoin prices remain under heavy pressure, the number of unique wallets holding Chainlink (LINK) on Ethereum has quietly climbed to a new all-time high. Data from the Santiment update shows that non-empty LINK wallets on Ethereum have just crossed 900,000 — a record for the oracle network’s native token. More than 20,000 new holders were added in the past month alone, a signal that market participants are accumulating exposure even without a price breakout.
The growth in holders is unusual against the current backdrop. Altcoin prices broadly remain suppressed, and LINK itself has not seen a sustained rally. Typically, holder expansion of this magnitude is accompanied by rising prices or at least improving sentiment. The fact that it occurred during sideways market conditions points to conviction-driven accumulation rather than speculative chasing. That dynamic is often interpreted by on-chain analysts as a proxy for longer-term confidence in a project’s fundamentals.
Holder Growth Without Price Momentum The Santiment chart highlights a persistent trend: LINK’s holder count has been grinding higher for weeks, even as price action remained flat. Historically, such divergences between network adoption and price can precede a repricing when broader market conditions improve, but they are not a standalone timing signal. Liquidity conditions across crypto are still tight, and risk appetite remains concentrated in a handful of assets. Nevertheless, the steady addition of 20,000 wallets in 30 days suggests that a subset of market participants is positioning ahead of expected catalysts.
What remains unclear is the composition of these new wallets. They could represent small retail holders buying in increments, or they could reflect institutions and protocols deploying LINK for oracle services and staking. Without granular entity labeling, the data simply confirms that more addresses are choosing to hold LINK than ever before. The trend aligns with broader evidence of infrastructure token accumulation amid real-world asset tokenization efforts, a topic explored in a recent tokenization roundup.
What This Means for Chainlink’s Infrastructure Role Chainlink’s expanding holder base mirrors its deepening integration into DeFi, tokenized assets, data oracles, and cross-chain settlement. The project’s Cross-Chain Interoperability Protocol (CCIP) has gained traction among institutions exploring capital markets use cases, and the network remains the dominant provider of price feeds across lending protocols and decentralized exchanges. As traditional finance experiments with on-chain real-world assets, demand for reliable oracle infrastructure becomes structural, not cyclical.
Developer activity across major blockchains continues to be a closely watched metric for gauging where the next wave of adoption may emerge. While LINK’s holder count focuses on investors and users, the health of the underlying chains that Chainlink supports is equally important. The latest developer activity rankings provide a snapshot of which ecosystems are attracting the builders who may eventually integrate oracles like Chainlink more deeply. That symbiosis between infrastructure providers and active developer communities remains a quiet but critical engine for sustained adoption.
The on-chain signal from Santiment does not offer any price target or timeline, but it frames the current market clearly: behind the flat price action, a base of committed holders is steadily expanding. Whether that translates into upward price movement will depend on macro conditions, overall risk appetite, and tangible progress in institutional tokenization. For now, the data suggests that someone is buying, and they are not waiting for confirmation from the charts.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Leading cryptocurrencies slid alongside stocks on Monday after President Donald Trump floated full U.S. control over the Strait of Hormuz and a reimbursement fee on all cargo passing through.
Increased Selling PressureBitcoin tumbled below $62,000 as trading volume doubled over the last 24 hours to $37.15 billion.
Ethereum also experienced high volatility, with the second-largest cryptocurrency fluctuating between a low of $1,749.35 and a high of $1,812.94. XRP and Dogecoin extended their losses.
Over $360 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data
Bitcoin’s open interest, meanwhile, rose 2.24% over the last 24 hours. An increase in open interest combined with a price decrease indicates a short build-up, meaning new traders are actively shorting the asset.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Stocks Stutter On Iran DevelopmentsStocks ended in the red on Monday. The Dow Jones Industrial Average slid 138.37 points, or 0.26%, to close at 52,498.64. The S&P 500 lost 0.79% to end at 7,515.34, while the tech-heavy Nasdaq Composite dipped 1.55% to finish at 25,873.18.
Tensions worsened after Trump reinstated the blockade of Iranian ships passing through the Strait of Hormuz. He also stated that the U.S. is considering taking control of the critical oil shipping point permanently in exchange for a 20% fee on cargo.
Whales Are Scooping Bitcoin?Ali Martinez, a widely followed cryptocurrency analyst and trader, highlighted that Bitcoin’s Accumulation Trend Score—an indicator measuring whether entities are buying or selling BTC—has stayed near 1 since June.
“A reading near 1 suggests that whales—or a large share of the network—are actively accumulating Bitcoin,” the analyst added.
“A healthier distribution of USDT and USDC can make crypto markets more resilient,” Santiment added. “Rather than idle capital waiting for a few whales to act, it’s a sign that stablecoin firepower is becoming more decentralized.”
Photo: KateStock / Shutterstock
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Goldman Sachs: Semiconductor industry fundamentals remain supported, while leveraged ETFs amplify volatility in tech stocks.
Goldman Sachs’ latest research report points out that the recent sharp volatility in global tech stocks is mainly driven by liquidity deleveraging triggered by highly leveraged transactions, rather than a deterioration in the semiconductor industry’s fundamentals. The U.S. investment bank noted that newly launched single-stock 2x leveraged ETFs in South Korea have amplified market volatility, with multiple leveraged ETFs tracking Samsung Electronics and SK Hynix once posting single-day declines of over 30% recently. To maintain their leverage ratios, the funds were forced to offload underlying stocks, creating a liquidity stampede feedback loop of "price drops → forced selling → deeper declines." Goldman Sachs estimates that around 62% of recent net selling by South Korean institutional investors comes from the liquidation of these ETFs. Meanwhile, the Leuthold Group pointed out that the U.S. margin balance has risen by roughly 54% over the past 12 months, entering a historically high range. Leveraged funds are heavily concentrated in the AI and semiconductor sectors, making the market structure more fragile. However, Goldman Sachs believes the semiconductor industry has not yet reached its cycle peak. The firm noted that earnings expectations for Samsung Electronics and SK Hynix have not been revised down. Limited expansion of memory chip production capacity means supply tightness is expected to persist until the second half of 2028, and the current pullback is more a position adjustment than a fundamental reversal of the industry.
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US government transfers nearly $300 million in crypto assets linked to fraud and money laundering cases involving BTC-e, Farace and others.
According to on-chain data platform Arkham’s monitoring, U.S. government-associated wallets transferred approximately $288 million in seized crypto assets to Coinbase Prime on Monday. The sum includes 2,875 BTC (valued at around $178 million) from the seized address linked to Ryan Farace’s "xanaxman" case, and 925.512 BTC (about $57 million) from the closed BTC-e exchange case—both were routed through newly created intermediate addresses before reaching Coinbase Prime. Separately, a wallet tied to the Brian Krewson money laundering case directly sent 30,007 ETH (worth roughly $53.09 million) to the platform. The transfer follows a March 2025 executive order signed by Trump, which mandates that seized Bitcoin for the strategic Bitcoin reserve should not be sold in principle. Notably, the funds’ transfer to Coinbase Prime does not signal a sale, as the platform provides services including custody, financing, and asset management. As of press time, U.S. government-related wallets hold approximately $20.65 billion in crypto assets, comprising 324,552 BTC, 28,394 ETH, and 145.5 million USDT. The latest transfer represents only a small fraction of their total holdings.
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Institutions: The strong U.S. dollar is suppressing gold prices in the short term, but may further reinforce gold’s status as a long-term reserve asset.
Gold prices have fallen roughly 25% from their year-to-date all-time high, weighed down by elevated interest rates, a strong U.S. dollar, and higher energy prices that have lifted holding costs, leaving the metal under notable short-term pressure. However, multiple market participants argue that this correction has not altered gold’s long-term investment thesis. Paul Wong, a market strategist at Sprott, attributes the recent gold decline to a stronger U.S. dollar, rising expectations of Federal Reserve rate hikes, and concentrated liquidations by quantitative funds. He notes that the current gold price drop has significantly outpaced the actual rise in the dollar and short-term interest rates, indicating that the headwinds from high rates and a strong greenback have been largely priced in. Wong points out that while a stronger dollar tends to weigh on gold in the short term, over the long run, the stronger the U.S. currency, the greater the global incentive to seek alternative reserve assets to the dollar, which in turn boosts gold’s strategic standing as a neutral reserve asset. Against a backdrop of widening global fiscal deficits, central banks’ continued gold purchases, and rising geopolitical fragmentation, gold is gradually evolving from a mere inflation hedge into a currency hedge, reserve asset, and even a potential international financial collateral. He believes that gold and the U.S. dollar could strengthen in tandem over the long term for different reasons: the dollar benefits from its core role in the global financial system, while gold benefits from the trend toward diversification of global reserve assets. However, at the cyclical level, gold prices still tend to maintain an inverse correlation with the U.S. Dollar Index.
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Wall Street is on alert for tonight's CPI "fake cool down"; bond markets have already priced in a July interest rate hike.
The US will release June CPI data at 20:30 Beijing time tonight. Market consensus expects that driven by falling gasoline prices, the overall June CPI may decline by 0.1% to 0.2% month-on-month, with its year-on-year growth rate projected to drop from 4.2% in May to 3.8%. Core CPI is forecast to rise around 0.2% month-on-month, with its year-on-year figure falling to approximately 2.8%. However, multiple Wall Street institutions argue that this inflation slowdown stems more from the pullback in energy prices, and does not mean US inflationary pressures have faded. Housing, auto insurance, travel services, and the pass-through of tariffs on goods prices may still keep core inflation sticky. Meanwhile, the bond market is further pricing in a Federal Reserve rate hike. Interest rate options data shows the implied probability of the Fed raising rates by 25 basis points in July has risen from less than 10% to around 50%, with the two-year US Treasury yield staying above 4.25%. Earlier, Fed Governor Waller stated that if core inflation rises again, a rate hike should be considered in the near term. Institutions generally believe that even if the overall CPI declines due to lower energy prices, the performance of core CPI and its sub-components will remain key to judging whether US inflation has truly peaked and the Fed’s subsequent policy path.
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Hyperliquid's contracts posted a 24-hour trading volume exceeding that of Bitcoin (BTC), making it the platform's most active asset.
On the Hyperliquid platform, the combined 24-hour trading volume of SK Hynix-related contracts SKHX and SKHY has reached $1.836 billion, surpassing BTC to become the platform’s top active asset by trading volume. Specifically, SKHX posted a 24-hour trading volume of $1.63 billion, with open interest (OI) of $635 million; SKHY recorded a 24-hour trading volume of $206 million, and its open interest stood at $101 million. As of now, SKHY still carries a roughly 26% premium over SKHX.
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Trump plans to strengthen control over the Strait of Hormuz, while the U.S. Strategic Petroleum Reserve has fallen to its lowest level since 1983.
US President Donald Trump said the U.S. should control and operate the Strait of Hormuz, and is considering charging passing vessels a fee equivalent to 20% of the value of their cargo to compensate for the cost of maintaining security in the strait. Separately, Trump noted that the U.S. may continue military operations against Iran, with U.S. forces carrying out airstrikes on Iran for the third consecutive night. Analysts pointed out that against the backdrop of the Strait of Hormuz’s navigation not returning to normal and the U.S. being in its summer peak travel season, the U.S. Strategic Petroleum Reserve (SPR) and commercial crude oil inventories will likely continue to decline, further supporting rises in international oil prices. In the week ending July 3, the U.S. SPR fell to 319.5 million barrels, the lowest level since 1983, and only slightly above the recommended safety floor of around 250 million barrels. Market players believe that if the Strait of Hormuz remains disrupted for a long time, even with relatively sufficient domestic crude oil supply in the U.S., global benchmark crude oil prices may continue to rise, further pushing up inflationary pressure and increasing the likelihood that the Federal Reserve will maintain high interest rate policies. Iranian Foreign Minister Abbas Araghchi responded that any party ensuring safe passage through the Strait of Hormuz should be compensated, but deemed the 20% fee rate too high.
Binance has released its 44th proof-of-reserves report, showing that customer Bitcoin holdings increased during June while Ethereum and Tether balances declined.
Summary
Binance users raised Bitcoin holdings 1.22%, adding 7,715 BTC during June, the latest snapshot showed. Ethereum and Tether balances declined, while Binance continued publishing monthly reserve data for customer verification. Reserve snapshots show account balances, but they cannot explain whether users bought, sold, or withdrew. The report used a snapshot taken on July 1 and compared the figures with customer balances recorded on June 1.
Customer Bitcoin holdings rose 1.22% to about 640,000 BTC, an increase of 7,715 BTC. Ethereum holdings fell 1.41% to around 4.08 million ETH, a decline of 58,591 ETH. Customer Tether holdings dropped 1.51% to about 33.7 billion USDT, falling by roughly 510 million USDT.
Binance customer Bitcoin holdings continue rising The July figures extend the rise in customer Bitcoin balances reported one month earlier. Binance users added 25,838 BTC in May, lifting their total holdings by 4.26% to about 630,000 BTC in the exchange’s 43rd proof-of-reserves report.
The latest increase was smaller than the previous month’s gain, but it kept customer BTC balances moving higher. The report does not show whether the change came from purchases, deposits, transfers between Binance services, or movements from other assets. It records balances at one point in time rather than individual customer activity.
Ethereum and USDT balances decline Ethereum moved in the opposite direction after recording a strong increase in the previous report. Customer ETH holdings had risen 10.17% in May to about 4.14 million ETH. The July snapshot showed that the total fell by 58,591 ETH during June.
USDT balances also declined for a second monthly report. Binance users held about 34.3 billion USDT in the June 1 snapshot after balances fell by roughly 460 million tokens in May. The latest decrease brought the total to about 33.7 billion USDT. Lower stablecoin balances do not confirm that users converted USDT into Bitcoin or withdrew funds.
A similar pattern recently appeared at other major exchanges. As reported by crypto.news, Bybit and OKX recorded higher customer Bitcoin holdings while USDT balances fell in their latest reserve snapshots. However, the reports did not identify the reasons behind the balance changes.
Binance says customer assets remain backed Binance states on its proof-of-reserves page that it holds customer assets on a 1:1 basis, along with additional reserves. The exchange uses Merkle Trees and zero-knowledge proofs to let customers check whether their account balances were included in the total liabilities covered by each report.
A proof-of-reserves report can show whether listed wallets hold assets linked to customer balances at the time of a snapshot. However, it does not provide a complete financial audit or explain every off-chain liability. A recent proof-of-reserves explainer noted that useful disclosures should remain recent, frequent and matched against customer liabilities.
The figures should therefore be read as a record of asset backing and customer balances on a specific date. They do not show the exchange’s complete financial position or the reasons customers moved assets between accounts, platforms or private wallets.
Report follows braoder changes at Binance The latest reserve report arrived after a month of active derivatives trading. Binance recorded about $1.63 trillion in futures trading volume during June, its highest monthly total of 2026, according to CryptoQuant data.
Binance also introduced service changes for some European users when the European Union’s MiCA transition ended on July 1. As previously reported, the exchange said affected users could continue using options already communicated to them, including withdrawals where available. The date matched the snapshot used for the latest reserve report.
Earlier reserve rankings placed Binance ahead of other major exchanges. As reported by crypto.news, CoinMarketCap data ranked the platform first in January 2026 with about $155.6 billion in proof-of-reserve assets. The July report adds a new monthly view of customer balances, with BTC rising while ETH and USDT moved lower.
