Another analyst outlined an 'insane' correlation between ETH and the copper/gold chart.
Ethereum’s slow and gradual rebound from the $1,500 lows reached recently continues, but the asset is now testing one of the most important resistance lines on its path to recovery.
Analysts are convinced that breaking through this level will open the door for a run to $2,000 and even beyond. For now, though, it remains a mirage.
Can ETH Break Through? With ETH trading close to $1,800, analyst Ali Martinez noted that this is the key bullish trigger that needs to fall decisively. In a post on X, he explained that its significance stems from the fact that the 0.8 MVRV Pricing Band is positioned there as resistance.
He predicted that a daily close above it, followed by a successful hold as support, would “strengthen the bullish case and could open the door for a move toward Ethereum’s Realized Price at $2,245.” Recall that the altcoin hasn’t traded above $2,000 in a month, and the last time it stood at its Realized Price was in mid-May.
Martinez doubled down on the importance of the $1,800 level, suggesting that the TD Sequential resistance trendline also sits there.
“A break above both $1,796 and $1,816 could trigger a bullish breakout. From a technical perspective, such a move would also increase the probability that ETH breaks through the top of the channel at $1,844 and begins marching toward the $2,245 Realized Price.”
Fellow analyst Ted Pillows shared a similar opinion, noting that ETH recently challenged the $1,820-$1,850 resistance, only to be rejected. The good news is that it continues to trade above $1,750, and Pillows predicted a surge to $2,000 if the aforementioned resistance is reclaimed.
Insane Correlation Michaël van de Poppe, on the other hand, outlined a rather unexpected correlation that would support the narrative for a bigger Ethereum rally soon. He noted that the “business cycle is often phrased through the copper/gold chart,” which was evident during the 2017 and 2021 cycles. Only the 2024 cycle didn’t see such a positive correlation.
You may also like: Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M He believes the chart between the precious metals is a “great indicator of market momentum” that has just broken upwards massively, and it has “flipped a 4-year-long downtrend up to an upwards trend.”
“Usually, ETH follows through, although with some lag, as there needs to be more confidence in the markets. A matter of time until the crypto markets are finally picking up momentum,” he concluded.
On Tuesday, July 7, 2026, Ethereum remained one of the key assets under close watch by investors. Market attention is now focused on whether Ethereum’s price can reclaim a critical breakout level, a step seen as crucial for strengthening the bullish outlook. Technical analysis highlights the need for sustained moves above certain levels to signal a clear return to upward momentum.
Key resistance area in focusAt the time this report was prepared, Ethereum was trading at $1,766. The daily loss was mild at 0.13%, while trading volume surged 56.03% to reach $17.32 billion. Despite short-term price weakness, the volume uptick suggests that traders remain uncertain about the market’s next direction.
Crypto analyst Ali Martinez notes that Ethereum is currently testing the 0.8 MVRV price band at $1,796. According to Martinez, this region acts as resistance, while the $1,800 zone could trigger further upside if broken decisively.
Ali Martinez stresses that a daily close above $1,796 and turning this level into support is needed for Ethereum’s bullish scenario to strengthen.
The MVRV (Market Value to Realized Value) is an indicator tracking the relationship between market cap and realized value, often used by analysts to identify historically expensive or discounted price zones. Realized price refers to the average acquisition cost of coins based on their last on-chain movement.
Mini glossary: The MVRV price band is a technical framework derived from the market value to realized value ratio. Realized price represents the average cost basis of circulating coins, calculated according to their most recent on-chain transfers.
Martinez points out that the $1,796 level is important not only as horizontal resistance but because it coincides with key technical indicators. The TD Sequential resistance line sits close by, while the risk line is positioned at $1,816. Should Ethereum move above both $1,796 and $1,816, the next focus becomes the channel resistance at $1,844. If this area is surpassed, the longer-term realized price target at $2,245 comes into play.
LevelTechnical significance$1,760Nearby liquidity zone$1,796Main resistance and critical breakout threshold$1,816TD Sequential risk line$1,844Channel resistance$2,245Realized price targetDerivatives volume rises, open interest dipsData from CoinGlass shows heightened activity in Ethereum’s derivatives market. Futures volume jumped 72.57% to $45.93 billion. In contrast, open interest slipped by 0.89%, now totaling $24.40 billion. The dominant funding rate stood at 0.0065% for open positions.
A liquidation heatmap reveals that Ethereum is trading close to a significant liquidity pocket around $1,760. This level has become a critical area where price momentum stalled after brief surges above $1,800. A dip below $1,760 could undermine Ethereum’s short-term technical structure.
Upward liquidity clusters are concentrated at $1,800, $1,830, and $1,850, which largely aligns with the main breakout range highlighted in the technical analysis.
Moving averages and RSI send mixed but constructive signalsTechnical indicators reveal Ethereum’s price is oscillating between two key short-term moving averages. It has stalled below the 50-day exponential moving average at $1,804.1, which now acts as near-term resistance. However, Ethereum remains above its 20-day EMA at $1,709.60, a level currently providing support.
On a longer horizon, significant resistance barriers remain. The 100-day EMA stands at $1,967.6, and the 200-day EMA is at $2,251.0. Altogether, the market structure suggests that Ethereum must overcome multiple resistance levels to accelerate a broader recovery.
The relative strength index also signals growing buyer strength. The RSI is now at 55.18, with its average at 43.19. While these numbers do not suggest overbought conditions, analysts emphasize that a clear break above resistance is needed to sustain the current uptrend.
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 cryptocurrency market continues to struggle with dominant headwinds, with Bitcoin (BTC) hovering around the short-term $63,000 support, Ethereum (ETH) holding below $1,800 and Ripple (XRP) testing the demand area at $1.13.
Although the crypto Fear & Greed Index edged up to 27 on Tuesday from 24 the day before, sentiment remains firmly entrenched in Fear territory.
Persistent headwinds in the spot market, driven by the absence of major catalysts and ongoing macroeconomic uncertainty, continue to constrain momentum.
Crypto Fear & Greed Index | Source: AlternativeBitcoin, Ethereum attract capital inflows as XRP lagsBitcoin spot Exchange-Traded Funds (ETFs) are experiencing a steady return in inflows totaling $266 million on Monday and $222 million on Friday. The return of inflows broke an extended period of outflows, tracking back to June 16. Meanwhile, cumulative inflows stand at $51 billion, with net assets under management averaging $77 billion. If sustained, the inflows could boost Bitcoin’s recovery outlook.
Bitcoin ETF flows | Source: SoSoValueThe bullish outlook extends to Ethereum, as spot ETF outflows logged their third consecutive day of inflows, including roughly $15 million on Thursday, $29 million on Friday and approximately $21 million on Monday. Cumulative inflows hold steady at $11 billion, while net assets under management stand at near $10 billion.
Ethereum ETF flows | Source: SoSoValueAs for XRP, investor interest remains on the back foot, given the spot ETFs failed to register any flows on Monday. SoSoValue data shows an outlier of nearly $7 million in inflows on Friday. Meanwhile, cumulative inflows remain steady at $1.49 billion, while net assets under management average $1 billion.
XRP ETF flows | Source: SoSoValueRetail participation in the XRP derivatives market continues to weaken, as evidenced by a steady decline in perpetual futures Open Interest (OI). CoinGlass data shows OI slipped to $2.38 billion on Tuesday, extending a downtrend from $2.39 billion on Monday and $2.58 billion on Sunday.
From a broader perspective, current OI levels remain a fraction of the July 22 peak at $10.94 billion. Unless retail demand rebounds, a meaningful near-term recovery appears unlikely amid persistent investor fatigue.
XRP Futures OI | Source: CoinGlassPrice analysis: Bitcoin stays under pressureBitcoin trades above $63,000, keeping a bearish near-term bias as price remains below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $65,681, $69,349 and $75,460 respectively. The Parabolic SAR around $58,976 offers the nearest technical floor.
Meanwhile, momentum is mixed, with the Relative Strength Index (RSI) hovering just below the neutral 50 mark on the daily chart and the Moving Average Convergence Divergence (MACD) histogram holding in positive territory but not yet signaling a strong bullish acceleration.
BTC/USDT daily chartOn the topside, immediate resistance lies at the 50-day EMA at $65,681, followed by the 100-day EMA at $69,349 and then the more strategic 200-day EMA near $75,460, which collectively cap the broader recovery attempts. On the downside, initial support is highlighted by the Parabolic SAR level at $58,976, where buyers could attempt to slow any deeper pullback before the pair re-evaluates the current bearish structure.
Altcoins technical outlook: Ethereum and XRP decline amid mounting downside risksEthereum holds below a dense layer of moving average resistance and thus retaining a capped, mildly bearish near‑term tone. The spot price remains under the 50‑day EMA at $1,806, with the 100‑day EMA at $1,969 and the 200‑day EMA at $2,252 stacked higher, reinforcing the broader downside bias under the prevailing downward resistance trendline.
Momentum is constructive, with the MACD above zero and the RSI near 55 on the daily chart, which hints at recovery potential but does not yet negate the overhead technical barriers.
ETH/USDT daily chartInitial resistance emerges at the 50‑day EMA around $1,806, followed by the 100‑day EMA at $1,969 and then the 200‑day EMA near $2,252, where the longer‑term downtrend line also weighs, forming a broader supply zone. On the flip side, the latest Parabolic SAR reading at $1,592 offers the next notable support level. A break toward that area would signal fading bullish momentum, while a sustained move above $1,806 would be the first step toward easing the current bearish cap.
XRP, on the other hand, trades at $1.13, keeping a bearish near-term bias as price holds within a downward parallel channel and below the 50-day, the 100-day and the 200-day EMAs at $1.18, $1.28 and $1.50 respectively.
The pair also hovers closer to the lower half of the channel, with the Parabolic SAR offering support at $1.02 while the RSI eases back from the mid-50s on the daily chart, hinting at waning bullish momentum after the recent bounce.
XRP/USDT daily chartInitial resistance lies at the channel top near $1.17, followed by the 50-day EMA at $1.18, with the 100-day EMA at $1.28 and the 200-day EMA at $1.50 reinforcing a broader cap on recovery attempts. Looking down, immediate support emerges at the Parabolic SAR level around $1.02, ahead of the structural floor at the channel bottom near $0.83, where a break would likely extend the prevailing downtrend within the current daily structure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
U.S. President Donald Trump restated his approval of cryptocurrency, asserting American leadership and rejecting the regulatory measures. The record stablecoin transactions and growth of Ethereum as an asset in digital finance keep bringing market and institutional interest. President of America, Donald Trump, reasserted his support for cryptocurrency during his recent speech as part of the growing relevance of cryptocurrency in international financial markets. In an interview, Trump stressed the need for America to stay ahead as digital assets expand internationally.
Trump said:
“I’m a big crypto guy only for one reason. If we don’t have it, China is going to have it. They would like to have it. I wasn’t initially. I didn’t know much about it. But I watched it grow, and it’s a huge industry.”
However, there was criticism of the previous government’s policies related to the digital currency industry and cryptocurrency-related companies. He said that regulations caused additional stress for the industry while it was growing.
Trump added:
“I went very pro-crypto, as you know; Biden was totally against it. But he had no idea what crypto is. They were very violently against it. What they were doing to crypto was horrible. Amazingly, it survived that onslaught.”
These comments were made during the unveiling of the new savings program by Trump called Trump Accounts. Bitcoin is not included in the program now; however, it may be considered later.
Blockchain and Stablecoin Transactions Continue Growing In addition to statements from Trump, blockchain continued to show increasing signs of adoption in digital asset markets. Stablecoin transactions grew to a historic high of $1.79 trillion in June, as adoption continues to grow within the blockchain payment networks.
USDT and USDC are the leading stablecoins in terms of circulation. Ethereum, Tron, and Solana still have the largest number of stablecoins and their transactions. Regulated adoption of stablecoins could potentially increase activity within these blockchain networks, according to market analysts.
Attention also returned to Ethereum following comments made by analyst Vivek Raman on its future use within tokenized financial markets. According to Raman, Ethereum could eventually host trillions of dollars worth of tokenized assets and financial products as blockchain adoption grows. He reiterated his long-term Ethereum price forecast at $250,000, although he admits this would take some more time.
Market Attention on Adoption Continues The latest comments from Trump, in addition to high stablecoin transaction volumes, have continued to garner attention in cryptocurrency markets. Investors and analysts continue to keep their eyes on the increasing presence of Ethereum in tokenization and blockchain technology. Despite the continued attention paid to regulations, institutional adoption, and blockchain usage, it becomes increasingly clear that digital assets are becoming a bigger part of the financial system.
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In This Article Korea's XRP Ripple Premium Is Structural, Not AccidentalWhale Activity and Exchange Outflows Back the Retail StoryXRP Price Context: Recovery in Progress, Global Volume Softer XRP Ripple has reclaimed the top spot on Upbit, South Korea’s largest cryptocurrency exchange, with $52.33M in 24-hour trading volume, outpacing Bitcoin at $42.14M and Ethereum at $24.30M on the same venue.
Roughly 10% of Upbit’s entire $493.74M daily crypto exchange volume was in XRP while the two largest coins by global market cap finished second and third.
(SOURCE: CoinGecko)
The gap matters because Bitcoin and Ethereum represent the default institutional benchmarks for crypto demand. When XRP trading volume overtakes both on a major regulated exchange, it is a signal that Korean retail capital is rotating toward the token with intention, not just chasing a news headline.
Even with XRP dominating trading volume in South Korea, the token is trading at $1.13, down -1.4% over the past 24 hours, with overall daily trading volume at just over $1.71Bn.
Korea’s XRP Ripple Premium Is Structural, Not Accidental The current volume snapshot fits a pattern that has been building for years. According to Upbit’s own disclosure, XRP was the exchange’s largest digital asset by cumulative trading volume in 2025, surpassing $1 trillion in trading volume on the platform and exceeding Bitcoin’s total.
Ryan Yoon, an analyst at Tiger Research cited by Investing.com, attributes the sustained dominance to South Korean retail investors, particularly those in their 40s and 50s, rotating capital out of domestic and US equities and back into crypto, with XRP as their primary target.
Earlier this year, XRP trading volume on Upbit surged 289% in a single hour during a momentum window, compared to a 128% increase on Binance over the same period.
The divergence illustrates just how sensitive the Korean crypto market is to XRP price catalysts relative to global venues. PANews reports that approximately 15% of global XRP trading volume now originates from South Korea.
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Whale Activity and Exchange Outflows Back the Retail Story 🚨🚨🚨Something interesting is happening with $XRP liquidity.
Upbit just took the top spot in XRP trading volume, beating Binance, Coinbase, and every other global exchange on the heatmap.
Liquidity is positioning before headlines catch up.
Why is South Korea betting on $XRP? pic.twitter.com/OG61uKXEo1
— X Finance Bull (@Xfinancebull) March 8, 2026
The volume data is one half of the picture. The other is where the coins go after they are traded. In May, an unidentified investor withdrew 6.3 million XRP from Upbit in a single transaction.
Around the same time, on-chain data tracked by CoinGlass showed whale investors, large holders whose moves can shift market structure, pulled $135M worth of XRP off exchanges in a single week.
Exchange outflows, where coins move from trading platforms into private wallets, are a standard on-chain metric (a measure derived directly from blockchain transaction data) interpreted as accumulation rather than selling preparation.
Data from CoinGlass shows net XRP outflows from exchanges totaled $30.38M over the past seven days and $147.50M over the past month.
That combination, high spot trading volume on Upbit alongside sustained net outflows globally, suggests two distinct buyer cohorts: active Korean retail traders on one side and longer-horizon accumulators on the other.
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XRP Price Context: Recovery in Progress, Global Volume Softer The "3rd Retest" would be a gift 🎁 $XRP https://t.co/VaSUr4R1OR pic.twitter.com/kRbJ4Sc36Z
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) July 6, 2026
On the XRP Ripple price, the token bottomed at $1.01 during last month’s broader market selloff before recovering to approximately $1.14, a 12.87% rebound. Over the past week, it is up +8%, with a -1.4% loss in the most recent 24-hour window. XRP’s current market capitalization is roughly $77Bn, ranking it sixth among cryptocurrencies globally.
One counterpoint worth flagging: global XRP trading volume over the same 24-hour period fell 31% to approximately $1.21Bn. The strength on Upbit is therefore a Korean-specific phenomenon running against a softer global backdrop, not a uniform global surge.
That divergence reinforces the argument that domestic Korean crypto market dynamics, retail rotation, KRW liquidity depth, and Ripple’s longstanding relationships with Korean remittance providers are doing the heavy lifting.
Institutional demand is also building alongside the retail story. XRP-linked ETFs have attracted over $1.21Bn in cumulative inflows globally, according to data cited by TradingView, while Bitcoin and Ether spot ETFs recorded net outflows over the same period.
That institutional channel may eventually decouple XRP’s Korean spot activity from pure retail sentiment and anchor it to a broader demand base.
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Bitmine Immersion Technologies (NYSE: BMNR), the leading corporate Ethereum treasury company chaired by Tom Lee, has continued its aggressive accumulation strategy with the purchase of 42,197 additional ETH over the past week. The latest batch brings the firm’s total Ethereum holdings to 5,742,237 tokens, representing approximately 4.8% of Ethereum’s circulating supply of roughly 120.7 million tokens.
This steady pace of buying aligns with Bitmine’s long-term “Alchemy of 5%” objective of securing a meaningful ownership stake in the world’s leading smart contract platform.
Chairman Tom Lee emphasized that the company has sustained consistent acquisitions throughout 2026 and expressed confidence that the target could be reached later this year.
He described the current environment as the early stages of a “crypto spring,” driven by improving market sentiment and expectations for greater regulatory clarity around digital assets.
As of July 5, 2026, Bitmine’s overall portfolio of digital assets, cash, marketable securities, and strategic investments reached $11.1 billion.
The treasury includes the substantial ETH position (valued at prevailing market prices near $1,800 per token), 206 Bitcoin, approximately $527 million in cash and securities, and targeted stakes in ventures such as Beast Industries ($180 million) and Eightco Holdings (NASDAQ: ORBS, $71 million).
These “moonshot” positions provide indirect exposure to emerging technologies and sectors beyond core crypto holdings.
A significant portion of Bitmine’s Ethereum—around 85% or 4,879,157 tokens—is already staked through its MAVAN (Made in America VAlidator Network) platform and partner infrastructure.
This staking activity generates attractive yields and is projected to deliver roughly $235 million in annualized rewards at current levels, with potential upside as more assets move into staking.
Lee highlighted that Bitmine now stakes more ETH than any other entity globally, underscoring its position as the premier Ethereum-focused treasury operator.
The company’s approach contrasts with Bitcoin-centric treasury strategies, positioning Ethereum as its primary reserve asset while leveraging native protocol features like staking and decentralized finance.
Bitmine benefits from backing by prominent institutional investors and recently gained inclusion in the Russell 1000 Large-Cap Index, which is expected to attract additional passive investment flows.
Lee also noted rising optimism around potential US regulatory developments, such as the CLARITY Act, which could further support Ethereum’s utility in real-world applications including layer-2 networks and payment systems.
With consistent accumulation and strong staking economics, Bitmine continues to strengthen its balance sheet while contributing to broader institutional adoption of Ethereum. The firm remains the world’s largest corporate holder of ETH and ranks among the top global digital asset treasuries overall.
Anchorage Digital, the operator of the United States’ federally chartered crypto bank, has added support for Lido, Ethereum’s largest liquid staking protocol. The move gives institutional clients direct, compliant access to wrapped staked Ether (wstETH) entirely within Anchorage Digital’s regulated platform, eliminating the need to move assets to external services.
Institutions can now connect straight to Lido’s decentralized application from Anchorage Digital to mint wstETH by depositing Ether or redeem it back into ETH. wstETH automatically accrues staking rewards from Ethereum’s proof-of-stake network while remaining fully liquid and transferable.
This solves several pain points of traditional ETH staking, including long unbonding periods, the operational burden of running validators, and capital that would otherwise sit idle.
The integration forms part of Anchorage Digital’s broader effort to deliver a complete suite of on-chain capabilities—staking, liquid staking, restaking, governance, and settlement—under institutional-grade custody and compliance controls.
Clients retain full oversight of their positions without introducing new counterparties or fragmenting their operational workflows.
For institutions, the primary advantages center on capital efficiency and flexibility. wstETH can serve as collateral in lending markets, participate in decentralized exchanges, or support cross-chain strategies without first unwinding a stake.
This allows sophisticated allocators to generate yield from Ethereum staking while keeping assets productive across multiple DeFi protocols.
Nathan McCauley, Co-Founder and CEO of Anchorage Digital, described liquid staking as one of the most important building blocks for institutional participation in Ethereum.
He stated that the Lido integration removes the operational and security compromises that have historically kept large investors on the sidelines, advancing the goal of making advanced on-chain infrastructure truly institution-ready.
Kean Gilbert, Head of Institutional Relations at the Lido Ecosystem Foundation, noted that institutional adoption succeeds when access aligns with how institutions actually operate.
He highlighted that bringing wstETH into a major U.S. regulated platform strengthens the role of stETH and the Lido protocol in professional Ethereum staking environments.
Anchorage Digital, founded in 2017 and based in San Francisco, operates under a federal banking charter and holds additional licenses in Singapore and New York (BitLicense).
The company is backed by investors including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, and carries an approximate valuation of $4.2 billion.
Its global footprint includes offices in New York, Singapore, Portugal, and South Dakota.
By embedding Lido’s liquid staking directly into a regulated custody environment, Anchorage Digital lowers barriers for institutions seeking Ethereum yield.
The development reflects the ongoing maturation of on-chain finance, where regulated platforms increasingly bridge traditional institutional requirements with the composability and efficiency of decentralized protocols. As more firms gain seamless access to products like wstETH, participation in Ethereum staking and related DeFi activities is expected to grow among professional allocators seeking both yield and operational simplicity.
Ethereum (CRYPTO: ETH) is enjoying a small rebound as institutional adoption and supportive chart patterns align for a 13% one-week gain.
ETH Seeing Strong TractionSpeaking on the Milk Road Show on July 6, Consensys founder Joe Lubin said the Ethereum ecosystem is seeing strong behind-the-scenes traction from traditional financial institutions, financial market infrastructure firms and builders working on decentralized rails.
SharpLink Gaming Inc. (NASDAQ:SBET), where Lubin serves as chairman, recently resumed ETH purchases, buying 10,000 ETH after an eight-month pause.
SharpLink CEO Joe Shalom said the company remains focused on increasing ETH per share while making its holdings productive through staking, liquid staking, re-staking and DeFi strategies.
Shalom said SharpLink is the second-largest corporate holder of ETH and aims to give investors "directional access" to ETH, while generating additional yield from the asset.
He argued that Ethereum is already winning across key institutional crypto categories, including stablecoins, tokenized real-world assets, DeFi and emerging agentic payment activity.
Lubin said Ethereum’s long-term advantage lies in being one of the only "rigorously decentralized" protocols, alongside Bitcoin (CRYPTO: BTC)
Ethereum’s Bullish TriggerIn an X post on July 7, crypto chart analyst Ali Martinez noted Ethereum is testing a key resistance zone around $1,796, where the 0.8 MVRV Pricing Band aligns with a TD Sequential resistance trendline.
A daily close above this level, followed by a successful retest as support, could strengthen the bullish outlook.
Analysts say a break above $1,816 would improve the chances of Ethereum clearing $1,844 channel resistance and advancing toward its realized price near $2,245.
Price action: ETH is up 13% over the past week, outperforming Bitcoin’s 7% gain.
Image: Shutterstock
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Bitcoin and Ethereum supplies on exchanges are reported to be near their lowest levels since 2017 and 2015, respectively, according to Santiment. This development suggests a significant shift of these digital assets away from centralized platforms into long-term holdings, staking, and decentralized finance options. The decrease in exchange supplies could be indicative of reduced sell-side liquidity, potentially leading to increased price pressures if demand remains strong. Market participants appear to view this trend as consistent with long-term holding patterns and institutional accumulation.
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Key Takeaways Bitcoin and Ethereum exchange supplies are at historic lows, suggesting reduced sell-side liquidity. Market activity implies a shift toward long-term holding and institutional accumulation for both assets. Pricing suggests participants view this supply squeeze as potentially increasing upward price pressures on Bitcoin and Ethereum. What to Watch Market observers will be closely monitoring any changes in Bitcoin and Ethereum’s demand dynamics, as continued strong demand could amplify price increases. Key indicators include institutional investment flows, particularly through ETFs and staking platforms. Additionally, regulatory developments and technological upgrades within the Ethereum network could further impact market pricing, as seen with previous major updates such as The Merge.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.2% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 3% — — View market → December 31, 2026 4.2% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 11.5% — — View market → January 1 2027 17.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 67.6% — — View market → January 1 2027 11% — — View market → January 1 2027 3.9% — — View market → January 1 2027 22% — — View market → January 1 2027 44% — — View market →
J.P. Morgan Asset Management has put roughly $800 million in assets on the public Ethereum blockchain, spread across two tokenized money market funds.
Two funds, one blockchain The first fund, called MONY, launched in December 2025 with $100 million in seed capital. The second, JLTXX, followed on May 13, 2026, also seeded with $100 million from J.P. Morgan itself.
JLTXX has been the breakout performer. In its first month alone, the fund’s assets under management surged roughly 250%, climbing to around $695 million by early July 2026.
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Both funds are backed by US government Treasuries and repurchase agreements, represented as tokens on Ethereum instead of entries in a legacy custody system.
Investors access the funds through J.P. Morgan’s Morgan Money platform, where they can subscribe and redeem using either cash or stablecoins like USDC. Token balances sit in Ethereum addresses, meaning settlement happens on-chain.
Anchorage Digital, a federally chartered crypto bank, was among the early investors in JLTXX.
From private chains to public rails J.P. Morgan’s blockchain journey didn’t start here. The bank launched its Kinexys platform back in 2020, originally focused on permissioned networks and private transactions.
Why this matters for investors The rapid growth of JLTXX, from $100 million to $695 million in roughly a month, suggests that institutional allocators are moving capital onto public blockchains at significant pace.
BlackRock launched its own tokenized Treasury fund, BUIDL, and Franklin Templeton has been on-chain for even longer. J.P. Morgan’s entry at this scale raises the stakes for every asset manager that’s been treating tokenization as a future project rather than a present reality.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
Tiger Brokers upgrades Coinbase's rating to "Buy", sets target price at $200.
Tiger Brokers has upgraded its rating on Coinbase from "Hold" to "Buy" and set a $200 price target. The firm stated that after a sharp pullback earlier, the risk-reward ratio has improved, Bitcoin’s toughest bear market phase may be over, and a new cryptocurrency market cycle is expected to kick off, fueled by recovering liquidity, rising institutional demand, and improved risk appetite.
3 hours ago
SpaceX's listing has driven record highs in tokenized stock trading, with on-chain transaction volume reaching $3.86 billion in June.
Driven by SpaceX's record IPO, on-chain tokenized stock trading volume surged 145% month-over-month in June to $3.86 billion, hitting an all-time high. Of this total, trading volume for tokenized SpaceX stock (ticker: SPCX) reached $1.19 billion, accounting for 31% of the monthly tokenized stock trading volume. The SPCX token issued by BlackRock Securities saw $1.08 billion in trading volume, the market's most active product, while SPCXx from xStocks recorded $852 million. The total market capitalization of the tokenized stock market rose to $1.53 billion in June, up 6.64% month-over-month, marking the 15th consecutive month of growth. While popular assets like Nvidia and Tesla remain actively traded, market attention has clearly tilted toward SpaceX.
3 hours ago
U.S. SEC Releases 2026 Regulatory Agenda, Proposes Revisions to Rules for Crypto Trading Platforms and Brokers
U.S. SEC releases its 2026 regulatory agenda, with plans to advance crypto asset regulatory reform by the end of this year. The agency intends to revise multiple rules applicable to broker-dealers and crypto trading platforms, including adjusting brokers’ minimum liquid capital requirements, customer asset protection standards, and record-keeping provisions, to clarify how these rules apply to crypto assets. Meanwhile, the SEC also plans to revise the regulatory framework for trading platforms and explore launching "safe harbor" and regulatory exemption mechanisms related to crypto asset issuance, custody, and trading—aiming to provide clearer regulatory guidance for the market while continuing to crack down on illegal activities. The SEC notes that the new rules are designed to enhance market certainty, boost capital formation and innovation, and ensure adequate investor protection. This direction aligns with the industry-friendly regulatory path SEC Chairman Paul Atkins has pursued since taking office, marking a sharp contrast to the law enforcement-dominated regulatory approach of former Chairman Gary Gensler.
3 hours ago
The $9.9 billion stock swap deal between Naver and Dunamu has been delayed again until the end of the year, as South Korea’s digital asset law remains unresolved.
Naver Financial and Dunamu have delayed the completion of their full stock swap transaction to December 31, marking the second postponement of the deal. The transaction, which aims to integrate Dunamu—operator of South Korea’s largest crypto exchange Upbit—into Naver Financial, was originally scheduled to close on September 30. Dunamu unveiled the new timeline on the 6th via a corrected disclosure of documents first submitted last November, with unfinished digital asset legislation and pending antitrust review cited as key variables. The company has pushed its extraordinary general meeting from August 18 to November 19, and reset the shareholder record date to October 22. Multiple government approvals remain required for the deal to proceed, including merger clearance from the Korea Fair Trade Commission (FTC), approval for Naver Financial’s major shareholder change under credit information regulations, and acceptance of Dunamu’s major shareholder change filing under specific financial transaction information laws. Dunamu noted that progress in any of these steps could further extend the timeline or even lead to the deal’s collapse. It also pointed out that the Digital Asset Basic Act currently under parliamentary review is a practical variable affecting the transaction’s progress and outcome. When the bill is enacted, regulators are simultaneously considering imposing bank-style strict liability rules on exchanges, requiring platforms to compensate users for losses caused by hacking incidents.
3 hours ago
View: Despite weak stock performance, the AI industry "still revolves around NVIDIA"
CNBC stock commentator Jim Cramer said that despite recent weak market sentiment toward Nvidia and sustained pressure on its share price, the company remains a core player in the AI industry. He noted the current sell-off of Nvidia has been excessive, with its forward price-to-earnings (P/E) ratio dropping to near this year’s lowest levels. Cramer pointed out that while some firms—including Chinese AI company DeepSeek—are developing in-house AI chips, they still heavily rely on Nvidia’s technology, and no signs have emerged yet that the company will lose its industry-leading position. Additionally, he stated that some investors have sold Nvidia shares recently to free up capital for other tech stocks, including newly listed SpaceX.
3 hours ago
SanDisk, Seagate, and Western Digital have dropped more than 30% from their all-time highs.
According to market data from BIT (bit.com), US stocks opened lower and trended downward during Tuesday’s trading session. The Philadelphia Semiconductor Index fell more than 6%, and the storage sector extended its losing streak. SanDisk dropped over 36% from its historical high half a month ago; Seagate is down 31%, Western Digital 35%, and Micron 28% from their respective highs.
An Ethereum trader lost nearly $2 million after a decentralized exchange router directed a $2.01 million Ether swap through a low-liquidity pool, allowing block builder Titan to extract $1.8 million from the transaction in a single block. Blockchain security firm GoPlus Security called the incident a textbook case of same-block backrun extraction.
How the Swap Collapsed Into a 99% Loss The trader swapped 1,126.44 Ether, worth approximately $2.01 million, but received only 5,776 Lighter (LIT) tokens valued at roughly $14,500. The swap routed approximately 1,117 Ether into a low-liquidity AVAIL/WETH pool on Uniswap v3, executing at roughly 120 times the sustainable price for AVAIL, GoPlus Security said.
After the trader received about 6.67 million AVAIL tokens at the inflated price, the router involved, identified as 0x router, sold a small amount of externally sourced AVAIL into the same pool. That trade extracted about 1,072 WETH before paying out 1,018 ETH, worth $1.8 million, to Titan as a builder reward.
The remaining AVAIL tokens were then converted into $14,200 worth of LIT, marking a 99.3% loss on the original swap. The transaction took place on July 7, 2026, at 1:59 a.m. UTC, as confirmed by on-chain data.
A Preventable Loss, One Trader Says GoPlus Security distinguished the exploit from a conventional sandwich attack. “This was a real, highly imbalanced backrunner arbitrage, not a classic sandwich attack,” the firm said.
The key difference is that no front-running trade preceded the victim’s swap. Instead, the extraction happened entirely through same-block arbitrage after the trade was routed into the illiquid pool.
Crypto trader Ruslan Khairullin said the loss was avoidable. “This is what happens when you click confirm faster than you read the route,” Khairullin wrote on X. Reviewing transaction routing before signing would have revealed the path through the low-liquidity pool, he noted.
MEV Extraction is Now a $113M-a-Year Business The incident highlights how maximal extractable value has grown from a niche concern into a profitable industry. Titan Builder has earned $112.6 million in revenue from block building this year, according to DefiLlama data.
Its largest single-day haul came in March, when it extracted around $34 million from a separate MEV bot incident on the CoW Protocol. Cointelegraph reached out to Titan for comment but received no immediate response.
The revenue figures suggest that block builders now operate what amounts to a tollbooth on Ethereum transaction flow. Titan’s biggest single-day extraction came in March, when it profited roughly $34 million from a separate incident on the CoW Protocol.
Traders who sign swaps without inspecting the routing path are effectively blind to how much value the infrastructure layer can extract before their order settles. The incident also underscores a gap between the DeFi promise of transparent, permissionless trading and the reality that routing infrastructure can silently redirect orders into pools that maximize builders’ profits at traders’ expense.
Ethereum researchers continue to explore encrypted mempool designs to reduce MEV extraction. Until those proposals reach production, the burden of checking transaction routes before signing remains on individual traders.
While capital is fleeing Bitcoin and Ethereum ETFs at an unprecedented rate, another player is attracting attention. Hyperliquid’s HYPE token continues to evolve at the top of its valuation, contrary to a crypto market under pressure. This divergence reveals a deeper shift. In an environment where speculative liquidity fades, protocols capable of generating real economic activity begin to break free from traditional cycles. Hyperliquid today stands as the most significant embodiment of this mutation.
In brief Bitcoin and Ethereum ETFs are going through a historic crisis, with 6.5 billion dollars in withdrawals illustrating the retreat of institutional investors. Hyperliquid follows a completely opposite trajectory, staying close to its all-time high and attracting positive flows despite a crypto market under pressure. HYPE’s success relies on solid fundamentals, driven by real economic activity, specialized ETFs, and growing investor interest. Hyperliquid’s tokenomics redefine valuation criteria, thanks to a token buyback mechanism directly funded by protocol revenues. The exodus of capital from Bitcoin and Ethereum ETFs towards other projects like Hyperliquid The crypto industry faces a drying up of its liquidity, illustrating a change in stance by institutional capital allocators. According to market data shared by asset manager Coinshares, investment vehicles backed by major cryptos are experiencing continuous selling pressure.
Luke Nolan, senior research associate at Coinshares, thus gave an unequivocal assessment concerning the current state of capital flows. He states that crypto has received “very little support from flows recently”. This lack of buying support is concretely reflected by a losing streak for U.S.-based spot Bitcoin ETFs, which have now recorded eight consecutive weeks of net capital outflows, setting the longest uninterrupted withdrawal sequence observed since their launch.
The quantitative analysis of this disengagement reveals a marked acceleration of outflows during the second quarter of the year. Moreover, financial flow monitoring data reveals the severity of this institutional capitulation :
6.5 billion dollars : this is the minimal total amount withdrawn from these U.S. funds since the beginning of May ; 2.43 billion dollars : this is the total amount of net withdrawals recorded during May alone; 4.06 billion dollars : this is the all-time record of net monthly outflows reached in June; 3,588 bitcoins : this is the massive volume of assets liquidated in a single week by Strategy to finance its preferred stock distributions. This liquidation movement did not remain limited exclusively to bitcoin, as spot Ethereum ETFs also showed notable signs of weakness during the same period, increasing technical pressure on the entire market.
The rush to derivatives This particularly harsh situation for the industry giants has not dampened the upward trajectory of next-generation decentralized finance. The native token of the Hyperliquid blockchain, HYPE, stands out by maintaining its value extremely close to its all-time high, completely independent from current turbulences.
As described by Luke Nolan, “against these difficult market conditions, Hyperliquid (HYPE) continues to trade near its all-time high”. Such relative strength is based on the rapid development of a regulated financial infrastructure dedicated to this asset, materialized by the emergence of three spot ETFs offering investors direct access via traditional brokerage accounts. This range includes the Bitwise Hyperliquid ETF (BHYP), a sector pioneer generating additional yield by staking its holdings, the 21Shares Hyperliquid ETF (THYP), which replicates the performance of the FTSE Hyperliquid Index, as well as the recent Grayscale Hyperliquid Staking ETF (HYPG).
The commercial success of these specialized instruments contrasts point by point with the disaster of traditional ETFs. Investment products focused on HYPE have recorded weekly positive capital inflows since their market introduction in May, attracting around 161 million dollars in net flows during June alone. Currently, the three U.S. structures manage a combined total of approximately 336 million dollars in assets, while equivalent European financial products show over 55 million dollars in assets under management. Although these amounts may seem modest compared to the billions of dollars held by historical leaders, their relative importance radically changes when weighted against the protocol’s real size, confirming a shift of interest from a segment of investors toward targeted alternatives.
The secrets of accumulation: tokenomics indexed on productivity The true explanation for this divergence lies in investors’ perception of Hyperliquid’s financial structure. Luke Nolan further specifies that “on a market cap adjusted basis, HYPE has been one of the strongest crypto ETF launches to date. The relative strength compared to the broader crypto market remains evident”. This dynamic translates deep investor adherence to valuation parameters and the economic design of the asset, as the Coinshares researcher adds that this is a “strong signal that Hyperliquid’s tokenomics resonate with investors”. The network integrates an automatic buy and supply reduction mechanism directly correlated to its usage, thus offering a concrete alternative to purely speculative assets.
Moreover, the technical implementation of a value redistribution-based model changes the game for the institutional investor. Nolan details this specific mechanism by indicating that “using 99% of platform fees to systematically buy back HYPE creates a direct link between protocol activity and token demand, giving the asset a value accumulation mechanism that stands out in the current market”. This architecture creates a perpetual organic demand engine that actively supports the token price as long as the platform generates transaction volume.
While Bitcoin and Ethereum heavily depend on global speculative capital flows, the HYPE token relies on a robust internal mechanism where the asset’s financial performance is intimately linked to real utility and adoption of its decentralized network.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The total value of real world assets (RWAs) tokenized on the Stellar network has surpassed 3 billion dollars, according to the latest figures released by the RWA Foundation. This new milestone not only highlights the rising institutional interest but also points to increased on-chain adoption of the Stellar blockchain in bringing traditional assets to digital platforms.
A new threshold in institutional adoptionCrossing the 3 billion dollar threshold marks one of Stellar’s most significant breakthroughs to date. Data shows that this figure covers both the value of assets actively distributed on-chain and those represented digitally. The surge reflects a sharp acceleration in the tokenization of traditional financial products on Stellar, reinforcing the platform’s appeal as a blockchain of choice for major players seeking to digitize real-world assets.
Stellar, often compared to XRP Ledger, has carved out a strategic position by focusing on payment infrastructure, asset issuance, and tokenization. This technical direction has made Stellar a favored network for financial institutions aiming to bridge conventional assets with blockchain innovations. The growth is further supported by the Stellar Development Foundation, a nonprofit committed to advancing the platform’s capabilities globally.
Data from the RWA Foundation revealed that the value of on-chain real world assets on the Stellar network has breached the 3 billion dollar mark, representing a pivotal moment in the ecosystem’s evolution.
Rising to the top in tokenized investment strategiesStellar’s boom isn’t limited to overall RWA value. The network now holds the top spot in the category of value distributed in tokenized active investment strategies, reaching 620 million dollars. This reflects not only asset representation but a growing adoption of digital investment vehicles on the Stellar blockchain.
Setting itself apart from the competition, Stellar’s distributed value in this space outpaces leading rivals. Ethereum, for instance, claims second place with 342.9 million dollars, while Mantle and Avalanche lag behind at 113 million and 108.6 million dollars, respectively. These figures underscore Stellar’s growing clout among both institutional and retail investors seeking blockchain-based investment products.
NetworkDistributed ValueStellar620 million dollarsEthereum342.9 million dollarsMantle113 million dollarsAvalanche108.6 million dollarsStellar pulls ahead of Ethereum and SolanaThe ranking continues with Polygon at 82.3 million dollars, Arbitrum at 70.8 million, Monad at 61.3 million, Base at 40.4 million, and Plume Network at 36.9 million dollars. Solana trails with only 26.7 million dollars in distributed value, occupying a lower position on the list.
This landscape reveals that Stellar has overtaken even larger ecosystems like Ethereum and Solana specifically within the sphere of tokenized investment products. The platform’s recent gains signal a changing dynamic in the pursuit to bring real world assets into the blockchain space, intensifying the competition among major networks.
Stellar has surged ahead of rival networks in tokenized active investment strategies, boasting a distributed value of 620 million dollars.
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 crypto market may be sitting on a fragile foundation. According to a recent market health assessment from the CEO of Alphractal, unliquidated long positions have piled up across Bitcoin, Ethereum, XRP, and Solana, creating conditions where even a modest pullback could trigger a broader wave of selling.
The concern isn’t that prices have already collapsed. It’s that leveraged traders continue betting on higher prices while the market has produced only a weak advance. That imbalance, if left unresolved, could become the catalyst for a much sharper move lower.
Long Positions Continue To Stack UpLeverage has been doing most of the heavy lifting lately. The diagnosis suggests that BTC, ETH, XRP, and SOL now carry a significant buildup of long positions accumulated over the past month. These trades all depend on continued upside momentum, but without a strong breakout, they become increasingly vulnerable.
When too many traders are positioned on the same side of the market, price weakness can quickly turn into forced liquidations.
Domino Effect Could Hit Multiple AssetsThe warning extends beyond a single cryptocurrency. If a meaningful pullback begins, the analyst believes liquidations could spread rapidly across both derivatives and spot markets, amplifying selling pressure through a chain reaction. Among the major assets, Ethereum, Solana, and XRP are viewed as carrying greater short-term leverage risk than Bitcoin because of the heavier concentration of long positions.
That doesn’t guarantee a correction, but it does increase market sensitivity to negative price momentum.
Why A Cleanup May MatterOnce again, unliquidated Long positions are dominating BTC, ETH, XRP, and SOL.
The market has moved up very weakly over the past few days, and the current moment deserves a bit more attention.
Any slip in the next few hours could allow bears to take control, triggering a new… pic.twitter.com/PsDowAswSY
— Joao Wedson (@joao_wedson) July 7, 2026 The crypto market has seen this pattern before. Excess leverage often fuels sharp volatility, but it can also clear out speculative positions.
According to the assessment, removing excessive leverage may ultimately create healthier market conditions and lay the groundwork for a stronger recovery later. Until then, however, traders could face additional downside pressure and elevated fear if long positions begin unwinding across the market.
Story Ends Here
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UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
3 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
3 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
3 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
3 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
3 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
3 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
3 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
3 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
3 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
3 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
3 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
3 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
3 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
3 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
3 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
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.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
3 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
3 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
3 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
3 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
3 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
Ethereum co-founder Vitalik Buterin has a revised technical roadmap that researchers broadly support. The problem: they're also impatient.
Buterin's updated "strawmap," published July 5 following Ethereum's Berlin research summit, describes a three-to-four-year protocol overhaul that would touch nearly every major component of the network — consensus layer, execution environment, state management, and cryptography. The framework, dubbed "Lean Ethereum," is the most comprehensive restructuring proposal since the 2022 Merge that moved the network from proof-of-work to proof-of-stake.
Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.
The updated strawmap is at https://t.co/HZEerH1xxI, and I attached a picture of it to this post.
My… pic.twitter.com/KPGayHSySf
— vitalik.eth (@VitalikButerin) July 4, 2026 The headline priorities in the updated roadmap are quantum resistance and privacy, both elevated to immediate concerns rather than long-horizon objectives. Quantum resistance involves replacing the elliptic curve cryptography underlying Ethereum's signature scheme with quantum-safe alternatives — work the industry treats as increasingly urgent given advances in quantum computing research. Privacy is now designated a "first-class goal," meaning core protocol components will be designed to enable private, trustless transactions by default, rather than layering privacy solutions on top.
The technical architecture also shifts how Ethereum verifies itself. Rather than every node re-executing every transaction, the network plans to adopt recursive STARKs — a cryptographic proof system that allows a single node to verify that work was done correctly by checking a compact proof, rather than repeating it. The goal is a lighter, faster network that is cheaper to operate and harder to censor.
Ethereum's current "flexible state" — the running record of every account balance, smart contract, and token ledger — would be capped in its current form while new, more scalable state types are introduced. The long-term EVM replacement, RISC-V, remains under consideration as the preferred instruction set architecture for a post-EVM Ethereum.
The market has responded positively. ETH traded at $1,780.99 as of Tuesday, up 11.92% over seven days and 0.04% in the past 24 hours, according to CoinMarketCap data. Bitcoin was at $63,411, up 5.78% over the week.
The execution timeline is where consensus fractures. Ethereum core developers broadly endorse the roadmap's direction but are pressing for faster delivery. The Strawmap remains a multi-year programme with no guaranteed hard dates — a structural reality that sits uncomfortably against a competitive landscape where Solana has gained significant developer and institutional ground on throughput and latency.
The fork choice between a technically superior but slower roadmap and a market that rewards speed is one Ethereum's research community has not yet resolved.
Bitmine Immersion Technologies (@BitMNR) has added another $74 million worth of Ether to its growing treasury, with chairman Tom Lee (@fundstrat) citing the improving legislative outlook for the CLARITY Act as a key driver behind the firm's continued accumulation.
Another $74 Million in ETH Bitmine bought 42,197 $ETH last week, worth about $74 million, continuing its buying spree. The latest purchase lifted the company's holdings to 5.74 million ETH, according to a Monday update. The firm now holds 5,742,237 ETH worth $10.3 billion, making it the largest public corporate Ethereum holder with 4.758% of the total supply. That puts Bitmine within striking distance of its self-described "Alchemy of 5%" target, a goal of controlling more than 5% of all Ether in existence.
The acquisition marks an increase from the prior week's purchase of 27,084 ETH, though it remains below the six-figure weekly buying pace Bitmine maintained earlier this year. Bitmine's continued buying contrasts with a shift at Strategy (MSTR), the largest digital asset treasury and corporate bitcoin holder, which sold about $216 million worth of BTC to raise cash.
Lee Points to CLARITY Act as Catalyst Chairman Thomas Lee attributed ETH's recent outperformance of bitcoin and Bitmine's continued accumulation to rising investor optimism that the proposed CLARITY Act will pass and bring greater regulatory certainty to crypto, especially Ethereum. "We believe regulatory clarity is an important milestone, enabling crypto, particularly smart contract platforms like Ethereum, to benefit as crypto becomes part of our everyday life," Lee said. He pointed to Ethereum layer-2 networks processing USDC transactions for companies including Shopify and Visa as examples of blockchain technology moving into mainstream payments.
The CLARITY Act has made notable progress in Washington in recent months. The cryptocurrency industry notched a key win after a Senate panel approved the bill, the first wide-ranging piece of legislation pertaining to the industry. On June 1, 2026, a new version of the Senate Banking bill was published, and the CLARITY Act was placed on the Senate Legislative Calendar under General Orders, making it formally eligible for full Senate floor consideration. However, to become law, the bill must still be reconciled with the Senate Agriculture Committee's version, pass a 60-vote Senate floor vote, be reconciled with the House-passed version, and be signed by the President.
Beyond the treasury build, the company has staked more than 4.8 million ETH through its MAVAN staking platform and related infrastructure, generating recurring staking income alongside its treasury strategy. According to the company, annualized staking rewards at current rates could reach approximately $277 million when its Ether treasury becomes fully deployed through MAVAN and affiliated validators.
Sources:
CoinDesk: Bitmine buys 42k ETH while Tom Lee bets on Clarity Act boost
CoinGecko: BitMine Immersion Crypto Treasury Holdings
CNBC: Clarity Act clears Senate Banking Committee
According to a recent update, Ethereum has already taken the lead in the financial infrastructure for digital dollars and tokenized assets, and this is not just hype.
Artemis reported that Ethereum has more than $150 billion in on-chain stablecoin liquidity. This is noteworthy because stablecoins represent actual economic activity rather than speculative activity.
Source: Whale Factor/X Ethereum’s market dynamics This occurred at a time when the price of Ethereum [ETH] was trading at $1,748.47 at press time, following an 11% increase over the previous week.
Source: SoSo Value The ETH ETF, on the other hand, has been experiencing a prolonged period of outflows with a few exceptions.
However, on the 1st and 2nd of July, ETH ETFs recorded inflows worth $14.8 million and $29 million, respectively, highlighting renewed momentum.
Is buying momentum slowly rearing or ETH? At the same time, many analysts are eyeing the $1,750–$1,800 range as a critical level because it has frequently served as a barrier where sellers have intervened to stop additional gains.
Ethereum has retreated in price every time it has approached this zone lately due to increased selling pressure from traders aiming to short the asset or take profits.
This shows that at those levels, supply has outpaced demand. However, Ethereum has the potential to indicate that buyers have absorbed the available selling pressure, provided it were to hold above $1,750–$1,800 with strong trading volume.
Community sentiments echo bullish notions for the altcoin Interestingly, echoing somewhat similar sentiment, another analyst added,
ETH just double bottomed.
In other words, a double bottom occurs when the price of Ethereum hits a support level, bounces back, falls back to about the same level without breaking lower, and then rises once more. It is often seen as an indication that buyers are starting to regain control despite the selling pressure trying to barge in.
Therefore, the analyst predicted it best when he added,
~8,500 for ETH by mid 2027, thanks to stablecoins and RWA moving onchain.
What’s more? Meanwhile, Ethereum has also entered a new stage of development with Lean Ethereum, a multi-year plan to completely redesign the network’s core protocol over the course of the next three to four years.
Ergo, as the gap between speculative capital inflow and network utility becomes more pronounced, it may result in further price appreciation.
Final Summary Ethereum’s on-chain stablecoin liquidity skyrockets with its price trading at $1,748.47, and ETH ETF, experiencing a prolonged period of outflows. Analysts consider the $1,750–$1,800 range as a critical price zone because it has frequently served as a barrier where sellers have intervened to stop additional gains.
While most institutional investors bet on bitcoin, BitMine chooses a different path. This tech giant listed on the stock exchange has just strengthened its position on Ethereum with a purchase of 74 million dollars. For many crypto analysts, this choice contrasts with the Strategy approach. But not only! It could also redefine Ethereum’s place (currently considered the second largest cryptocurrency worldwide) in company balance sheets.
In Brief BitMine has acquired approximately 74 million more dollars in Ethereum. The company now holds 5.74 million ETH, nearly 4.8% of the circulating supply. Over 4.87 million ETH are already staked on Ethereum, generating recurring income. Its chairman Tom Lee believes that the evolution of the US regulatory framework could accelerate institutional adoption of Ethereum. This strategy contrasts with Strategy’s, which remains largely focused on bitcoin. Ethereum: BitMine Approaches Its Goal of 5% of Supply According to data published on July 5, BitMine now holds 5,742,237 ETH. This represents an increase of 42,197 tokens compared to its previous report. The reference price is about $1,759 per token at the time of declaration. This means that the latest Ethereum purchase by BitMine amounts to nearly 74 million dollars.
This announcement is particularly important as it places BitMine at 4.8% of the Ethereum supply. Thus, the company has already covered about 95% of the path towards its stated goal: 5% of the total crypto treasury of the network.
It is even evident that BitMine’s buying pace has accelerated significantly compared to the previous week. The data shows the acquisition of only 27,084 ETH then. However, this latest acquisition remains lower than the six-figure pace that BitMine Immersion Technologies maintained earlier this year.
Good to know: the group’s total holdings now reach $11.1 billion. These include its stakes in Beast Industries and Eightco Holdings, cash, crypto assets, and various investments.
Ethereum Outperforms Bitcoin Thanks to the CLARITY Act According to data, Ethereum outperformed Bitcoin by 6% last week. BitMine chairman Tom Lee attributes this momentum to growing optimism among crypto investors about the imminent adoption of the Clarity Act. On Polymarket, for example, the likelihood that this legislation will be passed by the end of the year is evaluated at about 48 to 50%. This is the highest level in two weeks.
Some crypto figures hope for a vote by the end of summer. This is notably the case for Scott Benson. Note that this bill requires 60 votes to pass. This threshold is uncertain given reservations from several Democratic lawmakers on ethical questions.
For his part, Lee said:
We believe that regulatory clarity is an important step that will allow cryptocurrencies, and particularly smart contract platforms like Ethereum, to benefit from their growing integration into our daily lives.
According to him, the increase in the ETH/BTC ratio in recent days is a sign: the crypto market already anticipates a more favorable adoption of the legislation. To support this thesis, Tom Lee even cites the growing use of Layer 2 Ethereum networks. They now process USDC transactions for players like Shopify and Visa.
Breakdown: the technology is already integrating into mainstream payment infrastructures.
Graph showing the evolution of the ETH/BTC ratio over a 7-day period (Source: TradingView) Ethereum Staking: BitMine’s Financial Engine Versus Strategy Strategy has just sold 3,588 BTC for about 216 million dollars to:
finance its dividends; keep a reserve of 2.55 billion dollars. BitMine’s strategy is quite different. It finances its own distributions through the yield generated by Ethereum staking.
Of its 5.74 million ETH, 4,879,157 tokens are currently staked via the MAVAN platform. This equates to roughly 8.8 billion dollars, or 85% of the company’s total holdings. The seven-day staking yield stands at 2.68% annualized. This has generated a projected income of 235 million dollars per year. This figure could rise to 277 million dollars once all positions switch to MAVAN. This revenue stream funds the BMNP preferred stock payment, whose weekly dividend reaches a rate of 9.5%.
Thus, BitMine and Strategy display two distinct philosophies in crypto treasury management:
on one side, selling assets to meet financial commitments; on the other, generating native yield via Ethereum without having to liquidate the principal capital. A Notable Point: Ethereum Rises, but BitMine Stock Remains Under Pressure Despite this favorable momentum on Ethereum, the BMNR stock still struggles to convince financial markets. The proof: the stock currently trades 49.3% below its 200-day moving average. Data also highlight the formation of a death cross since January. Even worse! June recorded the annual low, close to $12.80.
For investors tracking BMNR, the 20-day moving average level at $15.23 constitutes the first resistance to overcome to trigger a sustainable technical rebound. Conversely, a break below June’s low would reopen the path to a new bearish phase, with no major support identified below this threshold.
This discrepancy between the conviction shown on Ethereum by management and BitMine’s market valuation illustrates ongoing market caution toward crypto treasury strategies, even when the underlying token’s fundamentals improve.
In any case, BitMine’s accumulation of Ethereum reflects a bet on American regulatory clarity. It remains to be seen if the Senate will approve the CLARITY Act. This awaited vote could sustainably redefine the balance between Bitcoin and Ethereum in the crypto market.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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Key Highlights BitMine purchased an additional 42,197 ETH during the past week, expanding total reserves to 5.74 million ETH (valued at approximately $10.27 billion) The company’s Ethereum position now represents about 4.75% of the circulating supply, nearing its strategic 5% accumulation target Ethereum currently trades near $1,747, experiencing a modest 1.10% decline over the last 24-hour period Technical analyst Ali Martinez highlights that maintaining price action above $1,750 is essential to preserve the active TD Sequential buy formation Critical resistance zone identified at $1,806–$1,807; failure to defend $1,750 could trigger downside movement toward lower support thresholds At press time, Ethereum (ETH) is changing hands around $1,747, commanding a market capitalization near $211.25 billion alongside 24-hour volume reaching $12.46 billion. Despite the minor 1.10% pullback in recent trading, technical patterns indicate the asset’s recovery trajectory from previous lows remains structurally sound.
Ethereum (ETH) Price BitMine Immersion Technologies (BMNR) maintained its aggressive Ethereum accumulation strategy throughout the previous week, acquiring 42,197 ETH for its corporate treasury. This latest purchase elevates BitMine’s aggregate ETH position to 5.74 million tokens, representing approximately $10.27 billion in current market value.
Bitmine Acquires 42,197 ETH in a Week, Holdings Rise to 5.74M ETH
Bitmine said it acquired 42,197 ETH over the past week, bringing its total holdings to 5,742,237 ETH, equivalent to 4.8% of Ethereum’s circulating supply. Its crypto, cash, marketable securities, and other… pic.twitter.com/KorgMJI77d
— Wu Blockchain (@WuBlockchain) July 6, 2026
Data from blockchain intelligence platform Arkham indicates BitMine’s holdings now constitute roughly 4.75% of Ethereum’s available circulating supply. To achieve its publicly stated objective of securing 5% total supply ownership, the firm requires an additional $523.7 million in ETH purchases—a target well within reach given its existing cash position.
Cryptocurrency market analyst Ted (@TedPillows on X) observed that ETH has successfully reclaimed the February 2026 low price point, which he characterizes as a pivotal technical threshold. According to his analysis, sustained price action above this zone could catalyze an additional 8–10% upward movement.
Beyond Ethereum, BitMine’s diversified digital asset portfolio includes 206 Bitcoin tokens, a $180 million equity position in Beast Industries, $71 million allocated to Worldcoin treasury holdings, and $527 million maintained in cash and liquid securities.
BitMine Chairman Thomas Lee addressed evolving regulatory dynamics, emphasizing that clear regulatory frameworks remain crucial for smart contract ecosystems such as Ethereum. Lee referenced improved legislative prospects for the Clarity Act as a positive development.
BitMine’s Ethereum Staking Operations BitMine currently maintains 4.87 million staked ETH, positioning it as the world’s largest single staking entity. This operation generates annualized staking income of approximately $235 million.
Lee has publicly stated that revenue from staking activities sufficiently covers the company’s dividend commitments associated with its recently introduced preferred equity offering. This distinction gains relevance following Strategy’s decision to liquidate 3,588 BTC last week for dividend funding purposes, prompting speculation about whether Ethereum-focused treasury companies face comparable financial pressures.
Critical Price Zones for ETH On July 6, market technician Ali Martinez identified an hourly timeframe TD Sequential buy configuration forming on Ethereum. According to Martinez’s interpretation, this bullish pattern maintains validity only while ETH sustains price levels above $1,750. Successful defense of this threshold establishes potential targeting toward $1,800–$1,826. Conversely, a breakdown beneath $1,750 would negate the technical setup.
Ethereum $ETH just flashed a new hourly Tom DeMark Sequential buy signal.
Hold $1,750, and a rebound toward $1,800 could follow. Lose it, and the bullish setup is invalidated. pic.twitter.com/mzmWOQsbY3
— Ali Charts (@alicharts) July 6, 2026
Ethereum presently trades above the Bollinger Bands centerline positioned at $1,673.08. The MACD indicator at -15.01 crossing above its signal line at -45.38 suggests strengthening bullish momentum characteristics.
Analyzing the daily timeframe reveals ETH trading beneath both its 50-day EMA at $1,807 and 100-day EMA at $1,970. Overhead resistance concentrates around $1,806–$1,807, with subsequent barriers identified at $1,909, $2,018, and $2,107.
Downside support establishes at $1,741 and the 20-day EMA located at $1,714. Additional foundational support zones exist at $1,524, $1,404, and $1,155.
The Relative Strength Index registers at 58, indicating developing positive momentum, while the Stochastic oscillator approaching 90 warns of potential short-term overbought conditions near current resistance territory.
President Donald Trump has once again thrown his support behind Bitcoin and crypto, giving the market another boost just as blockchain activity continues to strengthen. According to one analyst, Trump’s latest comments, combined with record stablecoin usage and Ethereum’s growing role in finance, suggest the next phase of the crypto bull market could be getting closer.
Trump Says the U.S. Must Lead CryptoDuring a recent speech, Trump called himself a “big fan of crypto” and said the U.S. needs to stay ahead of China.
He said he wasn’t always convinced about crypto but changed his mind after watching the industry grow.
According to Trump, “I’m a big crypto guy only for one reason. If we don’t have it, China is going to have it. They would like to have it. I wasn’t initially. I didn’t know much about it. But I watched it grow, and it’s a huge industry.”
Trump also criticized the previous administration’s handling of crypto, saying regulators tried to hurt the industry through investigations and enforcement. He added that crypto has a “tremendous audience” and suggested his pro-crypto stance helped him win support from the community.
“I went very pro-crypto, as you know, Biden was totally against it. But he had no idea what crypto is. They were very violently against it. What they were doing to crypto was horrible. It’s amazing it survived that onslaught.” Trump said.
The comments came alongside the launch of the new Trump Accounts savings program. While Bitcoin isn’t included yet, Trump hinted that crypto could play a bigger role in the future, keeping investors hopeful.
Stablecoin Activity Hits a RecordAdding to the current crypto outlook, the analyst also pointed to another bullish sign that is stablecoin adoption.
Stablecoin transaction volume reached a record $1.79 trillion in June, indicating that more money continues to flow through blockchain networks.
June 2026 was another record month for stablecoin transaction volume (according to the Allium measure), just ahead of February 2026 pic.twitter.com/oEuT6ueuai
— Zach Pandl (@LowBeta) July 5, 2026 USDT and USDC remain the biggest stablecoins, while Ethereum, Tron, and Solana continue to host most of the supply. According to the analyst, Ethereum and Solana are especially well positioned as the U.S. pushes further into regulated stablecoin adoption.
Ethereum’s Long-Term Story Remains StrongEthereum also received another major vote of confidence from Vivek Raman, who thinks ETH’s long-term potential is much bigger than many investors realize.
Raman said Ethereum could eventually power trillions of dollars in tokenized assets and financial products, making ETH one of the most valuable assets in the crypto economy.
He also repeated his long-term $250,000 Ethereum price target, saying the market still has plenty of room to grow even if it takes time to get there.
With Trump continuing to support digital assets, stablecoin usage reaching new highs, and Ethereum’s fundamentals improving, the analyst says the market is showing signs that the next bull run could be starting rather than ending.
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ETH $ 1,768.06 (0.23%) Story Ends Here
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Ethereum traded near $1,777.49 at the time of writing, up 0.5% in the past 24 hours, according to crypto.news market data.
Summary
Ethereum must close above $1,800 to strengthen the short-term bullish setup, analysts say. Binance liquidity has improved, but rising exchange reserves still pose selling pressure near $2,000 resistance. MACD and RSI support recovery, while $1,750 remains the key level for bullish invalidation. The token had a 24-hour low of $1,732.10 and a high of $1,819.88, while daily trading volume stood near $17.08 billion.
The move kept ETH close to the $1,800 area, which traders now view as the main short-term resistance zone. The token has recovered from the sharp June selloff after buyers defended the $1,500 to $1,600 area.
The current setup has turned attention to a daily close above $1,800. Analysts say that level could decide whether ETH builds a stronger recovery or stays trapped in a range above $1,700.
Ethereum climbed about 12% from July 1 as weaker U.S. jobs data and renewed spot ETF inflows brought buyers back into the market. According to SoSoValue data, on July 6, Ethereum spot ETFs recorded a total net inflow of USD 29.082 million, led by BlackRock’s ETHA with USD 29.742 million in single-day net inflows.
Ethereum Spot ETF Net Inflow, source: SoSoValue Analysts watch $1,800 and $1,844 Analyst Ali Charts said Ethereum is testing the 0.8 MVRV Pricing Band near $1,796. He said the same area aligns with the TD Sequential resistance trendline, making it a key technical level for traders.
Ali said a daily close above $1,796, followed by a hold as support, would strengthen the bullish case. He added that a move through the TD risk line at $1,816 could open the way for a test of the channel resistance near $1,844.
“A break above both $1,796 and $1,816 could trigger a bullish breakout,” Ali said in his Ethereum setup. He placed Ethereum’s realized price target near $2,245 if buyers clear those levels and hold momentum.
ETHEREUM BULLISH TRIGGER: $1,800
Ethereum is currently testing the 0.8 MVRV Pricing Band at $1,796 as resistance.
A daily close above this level, followed by a successful hold as support, would strengthen the bullish case and could open the door for a move toward Ethereum’s… pic.twitter.com/Ya7YyEHGjB
— Ali Charts (@alicharts) July 6, 2026 Daan Crypto Trades also pointed to $1,800 as the level that matters most on the current timeframe. “If bulls can get a daily close over $1,800, that’d be the first sign of strength for me,” he said in an X post.
The lower level remains clear. Daan and Ali both pointed to $1,750 as the support that bulls must defend. A loss of that level would weaken the current setup and could return focus to the $1,700 area.
Indicators support short-term recovery The ETH/USDT daily chart shows a recovery from the June low. ETH bounced from the $1,500 to $1,600 range and moved toward $1,800 before cooling slightly.
Momentum indicators support the rebound. The MACD histogram is positive near 31.83, while the MACD line sits near -4.67 and above the signal line near -36.50. This shows improving momentum, though the MACD line still needs to move above zero to confirm a stronger trend shift.
Ethereum (ETH) price chart, source: crypto.news The RSI is also improving. It sits near 55.95, above its moving average near 43.25. That places RSI above the neutral 50 level, which shows buyers have short-term control without pushing the token into overbought territory.
As previously reported, Ethereum had already shown a rare TD buy signal while spot Ethereum ETF inflows returned.
Binance liquidity improves, but reserves raise risk On-chain data gives a mixed view. CryptoQuant analyst Arab Chain said the ETH Binance 30-day exchange liquidity ratio rose to about 5.22. The reading was based on about 20.32 million ETH in 30-day trading volume and around 3.8 million ETH in Binance reserves.
That means each ETH held on Binance turned over more than five times during the period. The reading points to active trading and better use of available exchange liquidity. It also suggests that Binance can support strong ETH trading activity without a large rise in reserves.
Still, rising exchange supply remains a risk. CryptoQuant analyst BorisD said Binance held about 3.893 million ETH, while Bitfinex held 2.2 million ETH, OKX held 1.18 million ETH, and Bybit held 314,000 ETH. He said ETH inflows into Binance and OKX could add selling pressure if demand fails to absorb the extra supply.
Moreover, Binance users had already increased their ETH balances by 10.17% to about 4.14 million ETH in its June proof-of-reserves snapshot. Larger user balances can reflect deposits, purchases, internal transfers, or account activity, so the data does not show one clear reason.
The next test sits near $1,800. A clean daily close above that level could push ETH toward $1,844, then $2,060 and $2,245. A rejection, or a break below $1,750, would keep Ethereum in a choppy range and raise the risk of another move toward $1,700.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Ethereum has recovered from yesterday’s sharp sell-off and is once again testing the crucial $1,800 resistance level. After falling to nearly $1,728 following Strategy’s $216 million Bitcoin sale, ETH has bounced back toward $1,800.
However, this price zone has rejected Ethereum five times over the past month. So, will this be the breakout that finally sends ETH toward $2,245?
What Needs to Happen for Ethereum to Rally?Ethereum’s recent recovery has brought it back to one of its biggest resistance levels. Over the past month, ETH has failed five times to move above the $1,800–$1,830 range, with sellers stepping in every time the price attempted a breakout.
Now, crypto analyst Ali Martinez believes Ethereum is testing the same level again.
According to him, Ethereum is currently testing the 0.8 MVRV Pricing Band, located around $1,796, which has become one of the most important resistance levels on the chart.
Martinez explained that Ethereum’s bullish rally could begin once it successfully closes above the $1,796 resistance and turns it into support.
Martinez Point $2,245 Next As A Major Target Further into the analysis, he also pointed out that another key resistance, known as the TD Sequential Risk Line, sits near $1,816.
If Ethereum breaks above both levels, the next resistance comes around $1,844, which marks the top of the current trading channel.
According to Martinez, clearing all three resistance levels could open the door for a move toward Ethereum’s Realized Price near $2,245.
Ethereum Begins To Outperform BitcoinBacking Martinez’s analysis, popular crypto trader Michael van de Poppe also believes Ethereum is showing improving momentum.
“I don’t think that the bearish divergences are actually applicable to the markets. ETH has a completely different picture at this point; it shows much more strength.”
Looking at the Ethereum daily price chart, ETH is forming a W-shaped recovery pattern, while its recent performance against Bitcoin has been the strongest in more than a year.
He also noted that the bearish divergence seen across many altcoins is not appearing on Ethereum, suggesting ETH continues to show relative strength.
Instead of expecting another major drop, Van de Poppe believes Ethereum has room to move higher in the coming weeks.
Ethereum ETF Saw Inflow For Straight Three DaysIt’s not just Ethereum’s price showing signs of recovery, as institutional interest is also picking up.
According to Farside Investors, U.S. spot Ethereum ETFs recorded $20.7 million in net inflows on July 6, marking the third consecutive day of positive flows. Total inflows over the three days have now reached $64.5 million.
BlackRock’s iShares Ethereum Trust (ETHA) led the inflows, attracting $23.3 million in fresh capital.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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Leading cryptocurrencies moved sideways on Monday as high-profile Bitcoin sell-offs were offset by growing optimism for a Strategic Bitcoin Reserve.
Bitcoin Dips And Then RipsEthereum oscillated between $1,728 and $1,820 throughout the day, with trading volume surging 43% over the last 24 hours.
Over $500 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $300 million in bearish short positions erased, according to Coinglass data
Market sentiment improved from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.21 trillion, following a modest increase of 0.48% over the last 24 hours.
Stocks Rally To Kick Off Big WeekStocks started the fresh trading week on a high. The Dow Jones Industrial Average rallied 136.46 points, or 0.26%, for a record close of 52,319.20. The S&P 500 gained 0.79% to close at 7,499.36, while the tech-heavy Nasdaq Composite
lifted 1.52% to settle at 26,213.72.
What To Expect Next?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, reaffirms his Bitcoin thesis, noting a higher low formed and potential tests of recent highs in the days ahead.
“There’s a lot of upside to come if Bitcoin breaks back in the range, as the liquidity will likely flow towards altcoins rather than Bitcoin,” the analyst projected.
Ali Martinez, another influential cryptocurrency commentator, flagged $1,796 as the immediate resistance for Ethereum, with a daily close and hold above it strengthening the case for a rally to the realized price target of $2,245.
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According to official announcements, blockchain analytics platform Nansen has officially launched Hyperliquid Perpetual (Perp) trading functionality, now available to all web and mobile users. Users can execute Hyperliquid perpetual trades directly within Nansen while tracking on-chain activities of Smart Money, whale addresses, and prominent investors, with real-time access to key metrics including funding rates, long-short position ratios, and wallet-level position distributions—enabling an integrated "research-to-trade" experience. Nansen added that the platform has also launched the Hyperliquid Perps Leaderboard, which supports filtering by Smart Money, whales, and top traders, and sorting by performance over the past 7 days, 30 days, or all-time, helping users quickly identify top-performing wallet addresses. Additionally, users can deposit funds from external wallets within the app, bridge assets from connected Solana or Base wallets to Hyperliquid, and receive asset transfers directly from other Hyperliquid addresses. Beyond trading features, Nansen has expanded its data coverage of the Hyperliquid ecosystem, including on-chain activity monitoring for HyperFND and the Hyperliquid Data API. Users can track real-time active HyperEVM addresses, contract deployments, and ecosystem growth, while development teams can access real-time Smart Money perpetual positions, unrealized profit and loss (PnL), account health, full transaction history, and performance data via the API—supporting quantitative analysis, strategy development, and application building.
As Q3 rolls out, blockchain infrastructure is entering its biggest coordinated transformation to date. It includes rising institutional demand rather than another race for retail adoption.
More than $30 billion in RWA now sits on public blockchains, exposing weaknesses in existing networks.
Source: RWA.xyz Throughput, settlement speed, compliance, and reliability have become immediate priorities. Therefore, major blockchains are redesigning their foundations instead of relying on incremental upgrades.
Ethereum [ETH], Solana [SOL], Base, and Avalanche [AVAX] each target different bottlenecks through protocol-level improvements.
However, they share the same objective of supporting institutional-scale financial activity. This synchronized rebuild signals that infrastructure quality is becoming the industry’s main competitive advantage.
As deployments continue through 2026 and 2027, capital, developers, and liquidity will increasingly favor networks that execute these upgrades successfully.
How major blockchains are rebuilding for institutional finance The upgrade process has evolved beyond faster and better speeds. The need for greater reliability as an institutionally viable option was brought forth by institutions and banks. Institutions have come to expect and therefore demand predictable settlement times, regulatory compliance, and uninterrupted execution.
That expectation has highlighted weaknesses in all areas of current decentralized networks.
Hence, rather than simply applying patches or making incremental changes, many of the major decentralized networks are being redesigned at the foundation level.
Ethereum is leading that transition.
Development on Glamsterdam accelerated in late 2025 before active devnets launched in early 2026. The mainnet version will be deployed in H1 2026. The upgrade will raise gas limits from approximately 60 million to 200 million.
Notably, it introduces PBS (pre-blocked state). This will be enshrined in the Ethereum codebase, as well as block-level access lists. Both of these enhancements will provide increased settlement capabilities while preparing Ethereum to run parallel executions as per the Lean roadmap.
In contrast, Solana is solving a different challenge.
Alpenglow went into the production phase during 2025 and then proceeded through test nets in Q1 to Q2 2026. Solana plans to deploy Alpenglow on the mainnet in H2 2026.
Source: BCW Research Unlike Ethereum’s approach of initially enhancing its capacity, Solana is redesigning its consensus mechanism. Finality time decreases from 12.8 seconds down to about 100-150 ms.
Beyond reducing finality, Alpenglow removes vote transactions that currently consume nearly 75% of Solana’s network resources. These improvements should enhance the reliability of Solana during periods of prolonged institutional utilization.
Building infrastructure beyond speed Once settlement and execution improve, infrastructure must support regulated financial activity. This new requirement has caused a shift in focus from development, deployment, and programmability towards compliance.
Base began developing Beryl in late 2025, with deployment scheduled for Q3 2026.
In addition to creating better ways to sequence information and provide access to this information via Beryl, it also includes a standardized form of tokens called the B20 token standard.
Source: Base on X This standard can include stablecoins issued under regulatory conditions, tokenization of other types of assets, and equity issuance using compliant mechanisms built into the protocol.
Octane on Avalanche was ramped up during the first quarter of 2026 after the Etna upgrade. Deployments continue to occur from the middle of Q2 through to Q3 of 2026.
Octane upgrades allow for greater transaction processing speeds while decreasing the cost of deploying an enterprise application. These advancements have made it possible to create an institutional blockchain specifically designed to operate for extended periods of time.
Source: AVAX.network While Bitcoin [BTC] represents the most conservative path within the industry, OP_CAT (Opcode Concatenate) gained significant traction during 2025. The larger community continues to test OP_CAT through 2026. Activation of OP_CAT is predicted to occur by either late 2026 or early 2027.
Rather than redesigning Bitcoin, OP_CAT expands scripting while preserving its security model. Together, these timelines show institutions are no longer demanding faster blockchains alone. They increasingly require infrastructure built for long-term financial activity.
Scaling for institutional demand The infrastructure race now enters its most important stage.
Technical upgrades alone will not determine long-term leadership because institutions ultimately allocate capital based on proven execution.
Although every major network is strengthening scalability, compliance, and reliability, adoption continues favoring ecosystems already supporting regulated financial activity.
Ethereum retains the largest share of tokenized assets and stablecoin issuance, benefiting from mature compliance standards, deep liquidity, and established settlement infrastructure.
Base further strengthens that advantage through its compliant token framework, simplifying regulated asset issuance.
Meanwhile, Solana continues narrowing the gap through stronger stablecoin growth and improved finality, while Avalanche attracts institutions seeking dedicated blockchain environments.
Those improvements broaden competition without immediately displacing existing leaders.
As these upgrades move from deployment to production throughout 2026 and 2027, institutions will increasingly judge networks by operational resilience rather than theoretical performance.
The blockchain that consistently delivers reliable settlement, regulatory compatibility, and uninterrupted service during periods of market stress is likely to attract the greatest share of future tokenized capital, regardless of which network processes transactions the fastest.
Final Summary Blockchain infrastructure upgrades, led by Ethereum [ETH], are shifting competition toward institutional readiness instead of transaction speed. Blockchain networks, including Ethereum, will increasingly compete on reliability, compliance, and real-world institutional adoption.
XRP outperformed both Bitcoin and Ethereum in daily trading activity on South Korea’s largest crypto exchange, Upbit, highlighting its continued appeal among local traders.
Over the past 24 hours, Upbit recorded a total trading volume of $493.74 million. During this period, XRP led all assets with $52.33 million in trades, accounting for nearly 10% of total exchange activity.
By contrast, Bitcoin posted $42.14 million in volume, representing 8.54% of the total. Meanwhile, Ethereum followed with $24.3 million, or 4.92% of overall trading activity.
Notably, the data shows that XRP maintained a clear lead over the two largest cryptocurrencies by market cap on the exchange during the reporting window.
XRP Surpasses Bitcoin and Ethereum in Volume on Upbit South Korean Traders Continue to Favor XRP Beyond the latest figures, XRP’s strong performance on Upbit reflects a broader and persistent trend in South Korea’s crypto market.
Earlier this year, XRP trading activity on Upbit surged sharply, including a notable 289% spike in volume within a single hour. During the same period, Binance recorded a smaller 128% increase, underscoring the intensity of Korean market participation.
In addition, large-holder activity has reinforced this demand. In May, an unknown investor withdrew 6.3 million XRP from Upbit. Around the same time, on-chain data showed whales moving $135 million worth of XRP off exchanges within a week, a pattern often associated with long-term accumulation.
Overall, XRP’s ability to outperform Bitcoin and Ethereum on Upbit highlights its unusually strong foothold in South Korea’s trading ecosystem.
XRP Extends Recovery After Market Sell-Off Meanwhile, XRP continues to recover from last month’s broader market downturn, which briefly pushed its price down to $1.01.
Since then, XRP has rebounded to around $1.14, marking a 12.87% gain. Despite this recovery, global trading activity has cooled, with XRP’s overall volume falling 31% over the past 24 hours to about $1.21 billion.
Nonetheless, momentum remains cautiously positive. XRP has climbed 0.23% over the past day and roughly 9.5% over the past week, as buyers gradually re-enter the market. XRP currently ranks as the sixth-largest cryptocurrency globally, with a market cap of about $70.79 billion.
Interestingly, spot flow data from CoinGlass shows that investors are steadily withdrawing XRP from exchanges. Over the past seven days, investors have removed $30.38 million worth of XRP from trading platforms. In addition, they have pulled a total of $147.5 million over the past month, according to CoinGlass data.
These consistent outflows suggest that more investors are moving XRP into long-term holdings rather than keeping it on exchanges for trading.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The recovery in Bitcoin and altcoins that began last week has given way to a decline following the sell-off news from Strategy.
As the BTC price falls below $62,000, Ethereum and altcoins are also experiencing significant declines.
With the FOMC minutes expected to be released this week, one analyst says the crypto market has entered a significant recovery phase in the short term.
However, the analyst also warns that the bear market trend is not yet over and further declines are likely later in the year.
In this context, Gareth Soloway, who has 24 years of experience in technical analysis, shared his price expectations for Bitcoin, Ethereum, and XRP in his latest YouTube video.
1) Bitcoin (BTC): The analyst indicates that the short-term target is the $73,000 to $74,000 range, where a significant downward trend line acts as resistance.
The analyst also notes that he will maintain his short-term bullish outlook if Bitcoin remains above $58,000 on a closing basis.
However, the analyst adds that this expectation is short-term, that the final phase of the bear market has not yet arrived, and that he expects Bitcoin to eventually fall below $50,000 as part of the final phase.
2) Ethereum (ETH): Analysts note that Ethereum, the largest altcoin, has broken out of a significant trendline structure, and the first resistance will be around $1,800.
The analyst, who believes ETH will break through this resistance, stated that ETH will rise towards $2,000 and will reassess itself at that level.
3) XRP: The analyst, who also stated that he expects a short-term rise for XRP, noted that the wedge formation on the XRP chart is breaking out, which could mean further upside.
According to the analyst, XRP has broken out of a multi-month wedge formation that extends until early 2025. The analyst believes that the longer the wedge formation lasts, the larger the breakout movement tends to be.
Finally, the analyst added that before the next upward move in XRP, he expects a pullback towards $1.1, and then targets the $1.25 resistance zone.
*This is not investment advice.
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Bitmine Immersion Technologies’ stock has climbed more than 4% after the company expanded its Ethereum treasury with another 42,197 ETH, even as Strategy shares slipped following a Bitcoin sale.
Summary
Bitmine stock gained over 4% after the company expanded its Ethereum treasury with another 42,197 ETH. The firm’s ETH holdings now total 5.74 million coins, with 85% staked to generate annual yield. BMNR’s technical outlook has improved after a bullish MACD crossover, with the 20 SMA acting as the next resistance. According to Bitmine, the company purchased 42,197 ETH between June 29 and July 3, increasing its treasury to 5,742,237 ETH. The company said those holdings now account for about 4.8% of Ethereum’s circulating supply, reinforcing its position as one of the largest corporate holders of the cryptocurrency.
The latest acquisition also expanded Bitmine’s staking portfolio. The company disclosed that 4,879,157 ETH, roughly 85% of its treasury, is currently staked, generating an estimated annual staking yield of around $235 million.
Investors welcomed the update, sending Bitmine’s shares up 4.28% to $14.98 at the time of writing after the stock traded as high as $15.04 during the session. The gains came despite weakness elsewhere among crypto-linked equities.
By contrast, Strategy fell 1.17% after selling 3,588 BTC to repurchase its STRC preferred stock. The opposite moves in the two companies suggest investors favored Bitmine’s expanding Ethereum treasury strategy while reacting cautiously to Strategy’s latest capital allocation decision.
Bitmine’s Ethereum strategy continues to attract investor attention Bitmine has steadily positioned itself as an Ethereum-focused treasury company rather than a traditional mining business. Alongside growing its ETH reserves, management has continued increasing the portion of those assets committed to staking to generate recurring on-chain income.
The latest purchase comes ahead of Bitmine’s earnings report covering the April through June 2026 quarter, scheduled for July 29. According to Wall Street estimates, the company is expected to report about $45 million in revenue.
Separately, Bitmine Chairman Tom Lee has maintained an optimistic outlook for U.S. equities. Speaking during CNBC’s Squawk Box, Lee said companies reporting third-quarter earnings later this month are likely to exceed Wall Street expectations, adding that such results could support another leg higher for stocks.
Lee also reiterated his expectation that the S&P 500 could climb from around 7,500 to 8,000 before the end of 2026.
Technical indicators point to improving momentum BMNR has staged a strong rebound after breaking above its recent consolidation range near $14.30. The latest rally has pushed the stock to the doorstep of its 20-period simple moving average around $15.94, which now serves as the first major resistance level.
BMNR 4-hour price chart | Source: TradingView A sustained move above that average could open the way toward the 50-period moving average near $18.49. Even so, the stock remains below its 100- and 200-period moving averages, indicating that the longer-term trend has not yet turned bullish.
Momentum indicators have strengthened alongside the price recovery. The 4-hour MACD has completed a bullish crossover, while expanding green histogram bars indicate buying pressure has accelerated following the breakout.
Failure to hold above the recent breakout area near $15 could invite profit-taking and send the stock back toward support around $14.30, with the recent swing low near $13 remaining the next significant downside level if sellers regain control.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Ethereum co-founder Vitalik Buterin has detailed plans for a sweeping, multi-year transformation of the blockchain and smart contract focused protocol that he describes as the network’s third major evolutionary phase. In a July 4, 2026 post on X, Buterin characterized the effort—internally referred to as “Lean Ethereum”—as comparable in scope and significance to the 2022 Merge, which transitioned Ethereum from proof-of-work to proof-of-stake.
Unlike that single, high-profile ETH blockchain upgrade, however, the new initiative will roll out gradually through a series of coordinated improvements spanning roughly three to four years.
The announcement follows recent in-person gatherings of Ethereum researchers in Berlin, building on earlier discussions held in Svalbard earlier in the year.
Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.
The updated strawmap is at https://t.co/HZEerH1xxI, and I attached a picture of it to this post.
My… pic.twitter.com/KPGayHSySf
— vitalik.eth (@VitalikButerin) July 4, 2026
Buterin shared an updated high-level roadmap (a “strawmap”) and outlined how the changes will touch nearly every core layer of the protocol while prioritizing simplification, long-term security, and minimal disruption for existing applications and users.
Central to the vision is a shift in how the network verifies transactions.
Rather than relying primarily on direct re-execution by every node, verification will increasingly leverage recursive STARK proofs as a first-class, enshrined component of the protocol.
This architectural change is expected to improve efficiency and scalability. At the same time, the entire cryptographic stack will be upgraded to quantum-resistant alternatives to future-proof the system against potential advances in quantum computing.
Consensus-layer improvements are also planned.
The design envisions a decoupled structure separating data availability from finality, with one- or two-round finality mechanisms that aim to deliver both stronger theoretical security properties and faster confirmation times than today’s setup.
Additional technical upgrades include multidimensional gas pricing, evolution of the state model beyond traditional tree structures to accommodate new state types, and refinements to client architecture.
Privacy is being elevated from an optional feature to a core design requirement.
When planning updates to components such as the mempool, state tree, and related infrastructure, developers are explicitly considering how quantum-safe, intermediary-free private transactions will operate with acceptable overhead.
Formal verification of protocol components is another emphasized priority to enhance overall security and reduce implementation risks.
One of the most consequential areas of change involves Ethereum’s handling of state data. Current “dynamic” state will largely remain in place and receive only moderate scaling.
Alongside it, new categories of state optimized for scalability—though more restrictive in how they can be used—will be introduced.
These new state designs are expected to work particularly well for common use cases such as ERC-20 tokens, NFTs, and many decentralized finance applications.
Buterin noted that while no existing applications will be forced to rewrite their code, developers who migrate to the new state formats could see transaction fees drop by more than an order of magnitude.
As a rough illustration of the end state, Buterin suggested that by around 2030 Ethereum might maintain roughly 2 terabytes of traditional dynamic state while supporting up to 100 terabytes of the newer, more efficient state types.
Research is underway on incentive mechanisms to ensure nodes are properly motivated to store and serve this expanded dataset.The timeline includes a series of hard forks.
The upcoming H-star fork (also referred to as Hegota) is viewed as the last major upgrade with a predominantly pre-Lean character.
Subsequent forks, beginning with I-star, are expected to carry a strong Lean emphasis.
Incremental improvements to gas limits, blob data availability, and slot times will continue over the next five years, with a substantial gas-limit increase planned for the Glasterdam hard fork.
Throughout the process, the guiding principles remain simplification, cleanup of legacy elements, and future-proofing—approaches that proved successful during the Merge.
Buterin expressed confidence that the Ethereum ecosystem can execute another major reinvention while keeping the experience seamless for builders and users.
The “Lean Ethereum” effort signals a continued commitment to evolving the protocol in response to scaling demands, emerging security threats, and the desire for greater efficiency and privacy. As development progresses, further details and community feedback on new state designs and other components are expected.
One entity now controls close to 5% of all Ether in circulation. Bitmine, a corporate treasury that has been quietly accumulating ETH, disclosed a 42,197 ETH purchase over the past week, raising its total holdings to 5,742,237 ETH, according to data published by WuBlockchain. The total value of its crypto, cash, and other investments now stands at $11.1 billion.
The figure translates to roughly $76 million in fresh capital deployed into Ethereum at recent prices. More significant is the share of the network Bitmine now represents: 4.8% of the circulating supply. Out of that, 4,879,157 ETH—worth about $8.8 billion—is actively staked, generating yield rather than sitting idly.
The Yield Equation Bitmine’s accumulation pattern suggests a treasury strategy built around staking rewards. Unlike corporate Bitcoin treasuries that rely solely on price appreciation, large ETH stakers collect network issuance and priority fees. In an environment where Ethereum’s annualized staking yield fluctuates between 3% and 5%, a position of this size could be generating hundreds of millions of dollars in passive income each year, reinvested or used to fund operations.
That this entity chose to stake such a massive portion of its stack also signals long-term conviction. Unstaking requires a wait period, and any attempt to exit quickly would flood the withdrawal queue. Bitmine is effectively locked into Ethereum’s consensus layer, a commitment that institutional players often view as a strength rather than a weakness. Institutional comfort with on-chain assets is growing as tokenized real-world assets cross the $20 billion mark.
Supply Concentration and Liquidity Friction Concentration at this level raises structural questions. Ethereum has no official cap on supply, but the combination of staking and large treasury holdings removes a significant chunk of tokens from active trading. With 4.8% effectively sidelined, and presumably more locked in DeFi protocols and other treasuries, the liquid float could be tighter than headline supply figures suggest.
Still, the market has seen large holders before. What distinguishes Bitmine is the aggressive weekly pace. Accumulating 42,197 ETH in a single week, particularly if repeated, can create demand-side pressure. Traders are likely watching on-chain addresses tied to Bitmine for any sign of slowing or reversal.
What remains uncertain is how Bitmine would behave during a prolonged Ethereum price drawdown. The entity holds cash and securities, but staked ETH cannot be liquidated quickly. If a liquidity event forced it to unstake and sell, the market could face a significant overhang, though Bitmine’s public disclosures suggest a buy-and-hold philosophy.
Ecosystem Signals The timing of this buy coincides with a period of steady network activity on Ethereum. Ethereum continues to lead all blockchains in weekly developer activity, and layer-2 scaling solutions are reducing fees. For a treasury seeking yield with growth potential, the fundamentals have arguably improved since the merge.
Beyond Ethereum, institutional staking is gaining traction as a product. Sui recently saw an 18% surge tied to institutional staking and a fintech partnership, indicating that capital allocators are increasingly viewing proof-of-stake assets as durable income sources. Bitmine’s Ethereum bet fits into a broader trend where institutions treat staking as core portfolio exposure, not just a sidecar trade.
For Ethereum itself, a single entity holding 4.8% of supply is a double-edged sword. It demonstrates conviction from a deep-pocketed believer, but it also concentrates risk. The network’s decentralization narrative partially rests on assumption that no single actor can dominate the staking set, yet Bitmine’s 4.88 million staked ETH represents a non-trivial slice of the validator pool. How governance, client diversity, and protocol upgrades might be influenced by such a holder is an open question that will likely draw more attention if Bitmine continues to buy.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Buterin's new proposal would shrink Ethereum's validator state sharply using daily ZK proofs, part of the multi-year "Lean Ethereum" redesign.
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Vitalik Buterin published a technical proposal to radically shrink Ethereum’s consensus layer, as part of the long-term “Lean Ethereum” overhaul aimed at making Ethereum more scalable, private, and quantum-resistant.
What's the Scoop?The Proposal: In a forum post titled “The Extremely Lean Chain,” Buterin outlined a two-phase plan to make Ethereum store far less validator data directly onchain. Rather than the network carrying every validator’s full state record, validators would keep more of their own records and use ZK to prove to the chain that those records are correct. The goal is to shrink validator state to roughly 6 bytes while preserving Ethereum’s security guarantees.How It Works: Phase 1 removes most validator data from the chain and replaces frequent balance accounting with ZK proofs that show a validator’s rewards, penalties, and participation history are accurate. Phase 2 adds privacy by giving validators fresh anonymous identities each day, making it harder to track the same validator over time.The Scale Argument: The basic idea behind the change is to is to make nodes easier to run by reducing the amount of validator-specific data every node must store and process, with the end goal of having Ethereum run more validators.
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David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
As Ethereum hovers just above a critical support level, the short term outlook for the world’s second largest cryptocurrency is back in sharp focus. While Ether saw a limited decline over the past 24 hours, key technical indicators suggest the recent pullback has not yet derailed its broader recovery trend.
The 1,750 dollar threshold comes into playAs of writing, Ethereum is trading at 1,747 dollars. Its 24 hour trading volume has hit 12.46 billion dollars, with market capitalization standing at 211.25 billion dollars. Although ETH is down about 1.10 percent for the day, whether it holds the 1,750 dollar zone is seen as pivotal for its near term direction.
On July 6, 2026, crypto analyst Ali Martinez highlighted in a post on X that a new TD Sequential buy signal has formed on Ethereum’s hourly chart. The indicator is used to identify potential reversals after periods of selling pressure and is popular among technical traders. Martinez is regarded as one of the top analysts known for his technical chart insights in the crypto community.
Mini glossary: The TD Sequential is a technical analysis indicator designed to spot exhaustion in price action and identify possible reversal points. Traders typically use it alongside support, resistance, and momentum indicators rather than in isolation.
Ali Martinez stated that, in order for the current uptrend structure to stay intact, Ethereum needs to remain above the 1,750 dollar support zone; if this support is defended, the path could be cleared toward 1,800 dollars.
Indicators point to building buy pressureAnother technical signal catching attention is Ethereum’s resilience above the middle band of the Bollinger Bands. The middle band sits at 1,673.08 dollars, with upper and lower bands at 1,826.25 and 1,519.90 dollars respectively. Staying above the middle band is generally considered to reflect strengthening short term buy interest.
The MACD indicator is delivering a similar message. The MACD line rests at negative 15.01, while the signal line stands at negative 45.38. This configuration could point to increasing buying power following the initial recovery. If this structure remains, Ethereum could be poised to retest the 1,826 dollar resistance.
Why is Ethereum under the spotlight?Ethereum maintains its position as the world’s second largest cryptocurrency by market value. Therefore, broader movements in ETH prices do not just affect ETH investors, but can also steer sentiment and direction in the overall altcoin market.
The main scenario for the near future remains unchanged. Reclaiming the 1,750 dollar level strengthens the validity of the TD Sequential generated buy signal and puts the 1,800 to 1,826 dollar range back in play. By contrast, a sustained drop below 1,750 dollars could weaken the currently optimistic outlook and increase the risk of a test of lower support zones.
Price behavior in the coming trading sessions is poised to offer clearer signals regarding whether Ethereum’s recent recovery can persist or if further declines loom on the horizon.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum [ETH] has rallied 11.7% over the past week, but it is possible that short-term holders were preparing to exit the market.
Source: Glassnode The exchange net position change had been negative since mid-May, but posted a positive bar on its histogram on Sunday, July 5.
Negative net position change implies a net outflow of assets from exchange-affiliated addresses. A shift toward positive indicates that net inflows were greater in volume.
This inflow can be interpreted as readiness for selling from holders, though it need not provide an immediate bearish price reaction.
Recently, AMBCrypto pointed to a discrepancy between trader and developer activity. Alongside the monthly TD Sequential buy signal, bulls had hopes of a move toward $2,000.
That optimism faded as Bitcoin [BTC] faced rejection from the $63k area, unable to assail the $64k local supply zone in earnest. This rejection has caused an Ethereum price slide below $1,800.
Ethereum bullish hopes misplaced? Source: CryptoQuant Crypto analyst Darkfost drew attention to the severe decline in Open Interest. From a record high of $33.9 billion in October 2025, to just $11.2 billion, the corrective leg of the cycle has shaken market conviction.
Examining the liquidation volume bubble map showed a high volume of long liquidations towards the end of June, rivaling the size of the October long liquidations.
Source: CryptoQuant The Coinbase Premium Index has been negative since late April, another sign of bearish market sentiment. U.S.-based investors have not been taken in by the recent price bounce toward $1.8k.
The large volume of short liquidations showed that many traders had been positioned for further downside before the recent rally forced them to exit. A small corrective bounce amid a wider downtrend has caused $314.5 million in short liquidations so far in July.
Source: Glassnode The Ethereum holder accumulation ratio tracks the proportion of active users who are increasing their holdings, compared to those who are decreasing. Lower ratios indicate bearish momentum, and tend to mark periods of distribution and profit-taking.
The drop in the holder accumulation ratio since May suggested the current distribution has not ended.
Final Summary Ethereum was up by 11% over the past week of trading, triggering over $300 million in liquidations within a week. Other onchain metrics showed that the current distribution trends were likely to cause a deeper ETH price slide.
Nearly every major piece of Ethereum is slated for transformation.
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Ethereum's research scene has been on a tear. Between July 4th and today, Vitalik Buterin gave a fresh overview of Ethereum's long-term direction, dropped a new "Extremely Lean Chain" research post, and highlighted a proposal to bring Bitcoin-style UTXOs to Ethereum.
All of these intrigues are compelling in their own right, but together, they offer us a clear preview of what Ethereum is shaping up to be.
Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.
The updated strawmap is at https://t.co/HZEerH1xxI, and I attached a picture of it to this post.
My… pic.twitter.com/KPGayHSySf
— vitalik.eth (@VitalikButerin) July 4, 2026 The backdrop here is the strawmap, i.e. the Ethereum Foundation's self-described "strawman roadmap" of L1 upgrades stretching through the end of the decade, which received fresh updates in late June. Then on July 4th, Vitalik posted his own takeaways on the changes:
"'Lean Ethereum' is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second."He went on to say, nearly every major component of the network will be supplanted across this arc, from how blocks are verified to how consensus is reached to what "state" even means. So what's coming?
Of course, the strawmap isn't singular, yet from its handful of currents and from Vitalik's comments there are a few broad themes to take stock of. For instance:
Verification is succeeding re-execution — As things stand, every Ethereum node reruns every transaction to check the chain's math. In the Lean era, nodes will instead check cryptographic proofs, i.e. recursive STARKs. This change will make proving correctness cheap, which in turn will allow for scaling execution further, shrinking hardware requirements, and beyond. Ethereum state diet incoming — Before us a multi-tier state system is taking shape. Today's flexible but heavier "dynamic" state will stick around, but it'll only be granted a modest amount of room for further growth. In contrast, new classes of cheaper, albeit less flexible, state will be much more aggressively scaled (Vitalik's hypothetical was a 2030 Ethereum with ~2TB of the former and ~100 TB of the latter). Migrations to these new kinds of state won't be mandatory, though the economics will do the persuading since they'll offer projects and users drastically lower fees. Privacy and quantum are design pillars — At a time when most chains are still 1) totally transparent and 2) dragging their feet on quantum resistance plans, Ethereum's researchers have promoted privacy UX and quantum defense to central design pillars that must be considered and built toward and around. For example, as Vitalik noted: "When designing Frames, the mempool, additions to the state tree, we explicitly [asked] the question 'okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?'"These advances won't materialize over a single update, as happened with the Merge, but rather across 6-7 forks between now and 2029. That said, the "strawmap" label exists for a reason, and the Ethereum Foundation has been clear that this map and timeline are loose guides for coordinating and not set-in-stone plans.
What's promising, though, is that proposals for new relevant mechanisms here are basically landing every day now.
Case in point? This morning Vitalik published "The Extremely Lean Chain," a design proposal for shrinking Ethereum's consensus layer down to almost nothing.
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If we want to make the Lean Ethereum consensus chain aggressively more "lean", and add strong validator privacy (ZK-unlink deposit from staking activity from withdrawal, and re-anonymize stakers every day), here is a path:https://t.co/Gdee7tE53R
— vitalik.eth (@VitalikButerin) July 6, 2026 In Ethereum's current paradigm, the Beacon Chain keeps a chunky record for every validator and grinds through balance updates for all of them, every epoch. In Vitalik's proposed evolution, the chain would store roughly 6 bytes per validator, a 95% drop from today's status quo of ~121 bytes.
How this would work is that once a day, each ETH staker would generate a ZK proof attesting to their updated balance and then submit it onchain. In this way, Ethereum would essentially start checking receipts rather than doing bookkeeping directly. If a staker misses a daily proof, they simply can't attest until they catch up, but no slashing would occur.
The big benefit of this approach, as Vitalik noted, is that it "may allow consensus to scale to millions of validators if needed." Could this be the groundwork for eventually lowering the 32 ETH staking floor? We'll see. But there are other advantages to consider from this design route, too, like how in its fullest form, the design would even have validators reregister with new public keys daily, i.e. paving the way for anonymized staking.
But Vitalik's "Extremely Lean" proposal is just one to have on your radar right now. Another mechanism outline that could have huge implications for Ethereum was just published by EF researcher Toni Wahrstätter, namely "Native UTXOs on Ethereum."
Native UTXOs on Ethereum.
Payments should be one-shot objects, not permanent state.
Bitcoin got this right. Ethereum can bring the same idea to payments: prove existence from history, keep only a spent bit in state, and reduce permanent state by ~99.8%.
Check out the blog post…
— Toni Wahrstätter ⟠ (@nero_eth) July 6, 2026 What if we just borrowed Bitcoin's approach to transactions? That's the thrust here. On Ethereum today, receiving a payment leaves a permanent record. The first time an address holds ETH or a token, every node must store that entry forever, even if the address is used just once. Multiply that dynamic by billions of payments and you've got a bona fide state bloat crisis.
Wahrstätter's idea is to turn to Bitcoin-style UTXOs, or unspent transaction outputs, which are basically one-time value packets that get consumed when spent. Going further, though, Ethereum's version wouldn't even have to store the UTXOs themselves. Their details would live in the chain's history, provable on demand, while the chain's permanent state would keep only a single bit per UTXO, marking whether it's been spent.
According to Wahrstätter's math, this shift would account for a ~99.8% reduction in permanent state for payment flows! In combination with the innovations of frame transactions, this new transaction style would also let freshly generated addresses receive and later spend funds without ever holding ETH for gas, which would pave the way for streamlined stealth addresses on the L1.
Zooming out, if these sorts of concepts ship on Ethereum, the network will be healthier and more durable and more flexible and, yes, closer to that north star of future-proofness. Personally, I'm most interested in the new state types and what they bode for the app layer and fungible token and NFT experiments. But whatever comes next and whenever it comes, Ethereum's direction of travel is as clear as ever. That's bullish.
JPMorgan's JLTXX tokenized money market fund has grown its onchain assets under management by roughly 250% over the past month, according to data platform Token Terminal. The bank runs the fund exclusively on Ethereum. JLTXX, formally the OnChain Liquidity Token Money Market Fund, launched May 13…
JPMorgan's JLTXX tokenized money market fund has grown its onchain assets under management by roughly 250% over the past month, according to data platform Token Terminal. The bank runs the fund exclusively on Ethereum.
JLTXX, formally the OnChain Liquidity Token Money Market Fund, launched May 13 with JPMorgan seeding it with $100 million of its own capital, according to a thread from ethereuminsti. Other launch investors brought day-one total value locked to $200 million. Seven weeks later, TVL reached $695 million, a 248% increase, the thread said, a figure consistent with Token Terminal's roughly 250% estimate.
JLTXX's growth partly reflects its use as reserve backing for stablecoins. Dune's analytics account said the fund's addition to USDG's reserves, alongside BlackRock's BUIDL and Superstate's STBXX, points to rising institutional demand for onchain Treasury exposure that complies with the GENIUS Act, the U.S. stablecoin law that sets eligibility rules for reserve assets.
Second Filing in MayThe Defiant previously reported that JPMorgan filed for the fund on May 13, roughly three weeks after Morgan Stanley launched its own Stablecoin Reserves Portfolio, as banks compete to supply compliant reserve assets to stablecoin issuers.
Ethereum remains the only blockchain available to JLTXX investors, per ethereuminsti, even as JPMorgan operates its own private Kinexys network for other settlement activity. The fund's growth adds to a broader push by banks and asset managers, including BlackRock and Fidelity, to bring money market products onchain as stablecoin issuers seek yield-bearing, regulation-compliant collateral.
No exact current AUM figure has been published by JPMorgan itself; the $695 million and 248%-250% growth figures come from third-party onchain trackers Token Terminal and Dune, which independently arrived at consistent numbers.
