JPMorgan Chase is testing an AI investment agent that can autonomously adjust stock and bond allocations.
JPMorgan Chase is testing AI agents that can autonomously adjust the proportion of stock and bond investments to dynamically rebalance portfolios based on changes in market conditions. Test results show that in a 20-year historical backtest, the best-performing AI model delivered an annualized return 0.7 percentage points higher than the traditional "60/40" stock-bond portfolio, while also boasting lower volatility. All 8 AI agents tested by JPMorgan achieved higher risk-adjusted returns. However, the bank noted that the results are still based on simulated tests and do not represent actual investment performance. JPMorgan also warned that large-scale adoption of AI could lead to convergence of trading strategies, increase crowded trades, and amplify market volatility under stressed conditions.
21 minutes ago
Yangtze Memory Technologies announced its IPO advisory team, comprising a total of 31 members from CITIC Securities and China Securities Co., Ltd.
The China Securities Regulatory Commission (CSRC) official website updated the first-phase progress report on Changjiang Storage’s IPO counseling work on July 10. A total of 31 personnel from two securities firms, CITIC Securities and China Securities Construction Investment, form the counseling team. The current counseling period runs from May 19 to June 30, 2026, with work carried out via multiple methods including on-site due diligence, centralized training sessions, and targeted issue communications. The next phase of counseling will focus on two areas: First, for issues identified during the process, coordinate timely discussions between intermediaries and the company, develop standardization plans, and urge the counseled entity to fully implement rectification requirements. The working group will also continue to push the company to improve its corporate governance and internal control systems, enhancing its standardized operation level. Second, urge the company to thoroughly understand laws, regulations and rules related to issuance, listing and standardized operation, and clarify its responsibilities and obligations in areas such as information disclosure and fulfillment of commitments. (Jinshi)
21 minutes ago
Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.
Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.
21 minutes ago
The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.
Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.
21 minutes ago
An alleged insider address of LAB has transferred $9.15 million worth of tokens to Aster again.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address of LAB has transferred 10.5 million LAB tokens to Aster again. Calculated at the $0.872 price at the time of transfer, the move is worth roughly $9.15 million. This marks the address’s second transfer of LAB in the same fashion in about 22 hours. Over the past 24 hours, the address has moved a total of LAB worth approximately $18.69 million to Aster. Earlier, after the address completed the transfer last night, LAB’s price once plummeted sharply.
21 minutes ago
US-listed ETFs' assets under management climbed to $15.6 trillion, notching a new all-time high.
The Kobeissi Letter noted that the assets under management (AUM) of U.S.-listed ETFs have climbed to a record $15.6 trillion, doubling over the past 30 months. Year-to-date, investors have allocated more than $1 trillion to U.S.-listed ETFs, nearly double the year-to-date record set in 2025. At the current pace, full-year inflows are on track to top $2 trillion for the first time, roughly 33% higher than last year’s all-time high. In June alone, U.S. ETFs pulled in around $193 billion in inflows, marking the second-highest monthly inflow on record. Demand has been concentrated in U.S. large-cap, semiconductor, AI, and South Korea-focused ETFs, with the U.S. ETF market’s growth accelerating.
The sheer scale of Ethereum’s energy reduction after The Merge is no longer just a community talking point — it now has the weight of a Cambridge audit behind it. The latest figures from the Cambridge Centre for Alternative Finance (CCAF) put annual electricity use at just 7.87 GWh, a decline of more than 99.9%. Emissions have followed a similarly dramatic path downward, settling around 2.37 ktCO₂e annually. For a network that once drew comparisons to medium-sized countries, the numbers represent a complete re‑write of the environmental script.
But the report, built from an infrastructure audit of roughly 8,522 nodes, doesn’t stop at the headline drop. It surfaces a structural reality that market participants and regulators will need to weigh carefully: how the network’s remaining footprint is distributed and who ultimately controls the hardware.
The numbers that reset the conversation Before The Merge, Ethereum’s proof‑of‑work consensus consumed power at a level that made institutional ESG committees uncomfortable. The 99.9% cut changes the calculus for any fund or corporate treasury that had dismissed ether exposure on environmental grounds. The CCAF’s estimate of 56.4% sustainable electricity sourcing further strengthens a story that is increasingly about grid mix rather than the consensus mechanism itself. That subtlety matters because it shifts the burden of scrutiny from the protocol to the geographies where validators operate.
The emissions figure — roughly 2.37 kilotonnes of CO₂‑equivalent — is so low that it practically invites comparisons to small‑scale data centre operations rather than global financial infrastructure. And yet, Ethereum’s developer activity remains among the highest in the industry, as recent ecosystem metrics continue to show. That gap between environmental cost and economic output is precisely the kind of metric that draws serious institutional capital over time.
Provider concentration and geographic clustering The audit’s infrastructure mapping is where the comfort zone narrows. The United States, Germany, Finland, and France host approximately 62% of Ethereum full nodes. Even more concentrated is the service provider layer: Hetzner, Amazon Web Services, and OVH together run roughly 40% of all nodes the researchers examined. For a network that prizes decentralisation as a security property, that level of physical co‑location on a small set of commercial cloud operators raises non‑trivial tail‑risk questions.
A coordinated outage or a regulatory intervention at one of those providers could temporarily reshape network participation. The Dencun upgrade cycle has already sharpened the focus on client diversity; node hosting geography now joins that conversation. The CCAF data makes it explicit that the environmental victory is partly built on layers that are not themselves permissionless.
What the shift means for institutional positioning ESG dynamics in crypto have often been reduced to a binary: Bitcoin’s energy hunger versus everything else. The Cambridge study gives asset allocators a concrete figure to slot into sustainability reports. It also arrives at a moment when on‑chain real‑world asset volumes are swelling beyond $20 billion, a trend documented in a recent tokenisation roundup. Most of that activity lives on Ethereum or its layer‑2 networks, meaning the updated energy footprint directly undercuts a longstanding objection to deploying regulated instruments on public rails.
Policymakers in Washington have been wrestling with crypto market structure legislation, and banking interests are pushing against a landmark Senate bill that could reshape the regulatory perimeter. In that context, verifiable environmental data is not decorative — it is ammunition. A network that can demonstrate a 99.9% energy reduction with audited, third‑party data is harder to dismiss on the basis of vague climate concerns.
What remains uncertain The CCAF report rightly emphasises that the remaining footprint is now a function of local grid carbon intensity. That implies energy‑mix volatility: a shift in the sourcing profile of a single large cloud region could measurably change Ethereum’s overall environmental scorecard. The research does not, however, model how liquid staking protocols or restaking layers might redistribute the validator set across providers and jurisdictions over the next 12 months. The interaction between infrastructure concentration and the rapid evolution of the staking industry is still poorly mapped.
Nor does the report address the energy footprint of layer‑2 rollups posting blobs to mainnet, an increasingly relevant variable as activity migrates off the base layer. For now, the headline is clear: Ethereum’s energy era has ended. The harder conversation about who runs the nodes and where they plug in is just beginning.
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The new Ethereum Layer 2 (L2) Robinhood Chain has surpassed Hyperliquid and BNB Chain in speculative interest.
A week ago, Robinhood’s DEX volume (which tracks trading volume and broader speculative interest) was less than $10M.
As of writing, the daily DEX volume has hit a record level of $600M, making it the fourth dominant chain in speculative activity.
In the past two days, it has effectively surpassed BNB Chain and Hyperliquid on this front thanks to Robinhood’s CEO’s memecoin bet.
Source: DeFiLlama As Robinhood Chain-based memecoins like CashCat [CASHCAT] went viral and posted massive gains, the FOMO attracted users and capital inflows.
Robinhood’s memecoin frenzy sparks L2 debate If the memecoin mania persists, it could surpass Base in DEX volume to become the third-largest place for speculative trading.
Worth pointing out that Uniswap crossed $1B in volume on Robinhood Chain since launch, further underscoring how crazy the memecoin mania is on the new L2.
Source: DeFiLlama But critics have been opposing the memecoin push. Most questioned the need for another Ethereum Layer 2 (L2) if its use case is risky memecoin speculation. The debate has since evolved to whether L2 growth benefits ETH’s value.
For Bankless’ David Hoffman, L2s aren’t helpful to ETH.
By now it seems more clear that L2s are largely independent blockchains and the vast majority of economics is not captured by ETH (by design).
Uniswap CEO Hayden Adam countered that most of the pairs on the chain are denominated in ETH and will eventually help burn more ETH, especially if the RWA narrative picks up momentum.
Source: X Do Layer 2s actually help Ethereum? The L2 roadmap has been under heavy criticism. With corporate chains such as Stripe’s Tempo, SWIFT, and more, the criticism has deepened.
For lawyer Gabriel Shapiro, the entire roadmap was ‘poorly executed’ to benefit ETH value.
The roadmap was just very poorly executed so that it’s mostly negative to ETH & leaves the L2s with too much optionality to become L1s, no real lock-in.
Ethereum’s best shot at scaling was through L2s, and recent upgrades have made them cheaper and attracted more traffic.
But this has also reduced the number of ETH burned, making the asset inflationary and denting its ‘store of value’ narrative.
Source: Ultrasoundmoney Whether the renewed L2 debate will drag ETH’s market sentiment and price remains to be seen. As of writing, Ethereum [ETH] traded at $1.8K, a key inflection point that could trigger the next leg of price recovery or another pullback.
Final Summary Robinhood L2 has become the fourth largest on-chain place for speculative trading, flipping BNB Chain and Hyperliquid Amid the hype, Ethereum L2s are under scrutiny again for being non-beneficial to ETH’s value
The Ethereum network continues to evolve, but its geographical distribution remains a subject of monitoring for researchers. A new study from the Cambridge Center for Alternative Finance shows that a significant share of nodes operates in North America and Europe. This snapshot of the network highlights several technical and legal issues. It also reminds us that the location of infrastructures can influence the protocol’s resilience. The updated data finally sheds new light on the network’s energy consumption after the merge.
In brief 31% of Ethereum nodes are hosted in the United States, compared to 39% in the European Union excluding the United Kingdom. The network can stop finalizing its transactions if more than a third of validators become simultaneously inactive. The concentration of infrastructures and client software remains a major issue for Ethereum’s resilience and decentralization. Ethereum’s energy consumption has dropped by about 99.98% since the merge, according to the new Cambridge study. Ethereum’s Geographic Distribution Is Dominated by the United States and Europe The new study indicates that 31% of Ethereum activity is now hosted in the United States. The European Union, excluding the United Kingdom, concentrates about 39% of this activity. In a statement attributed to the daily show The Starting Block, Alexander Neumuller, head of research at the Cambridge Center for Alternative Finance, estimates that the distribution remains heavily oriented towards Western countries. However, it does not indicate excessive concentration in a single state.
Researchers also observe that nodes rely heavily on three major hosting providers: Hetzner, AWS, and OVH. Alexander Neumuller recalls that Hetzner’s terms of use previously prohibited operating blockchain services. However, he notes that this policy may have evolved. This concentration of infrastructures therefore deserves ongoing attention, even if the data do not show a unique national imbalance.
The study also emphasizes that the relationship between nodes and validators remains difficult to measure precisely. The same access point can indeed host several validators. Researchers explain that it is therefore impossible to know exactly the number of validators associated with each infrastructure.
The One-Third Threshold Remains a Key Concern for the Network The analysis conclusions remind us of an important characteristic of Ethereum’s operation. Contrary to some misconceptions, the network does not need to lose half of its validators to encounter a problem. As soon as more than a third of validators simultaneously cease their activity, checkpoint finalization may be interrupted.
This situation explains why the distribution of Ethereum nodes represents a strategic element for the network’s stability. An interruption affecting a widely used infrastructure could slow down overall operation. However, Alexander Neumuller specifies that the available data do not allow a direct link to be established between each node and the exact number of validators it hosts.
Concentration concerns not only physical infrastructures. According to the researcher, client software diversity also plays a crucial role. A technical defect affecting a dominant client could quickly spread to a large part of the network. The report thus presents detailed data on the distribution of consensus clients and execution clients to illustrate this other risk factor.
A New Energy Estimate and Ongoing Legal Challenges The location of nodes goes beyond the simple technical framework. In 2022, the United States Securities and Exchange Commission (SEC) estimated that it could claim jurisdiction over Ethereum. The authority notably relied on the fact that a majority of the network’s infrastructure was then hosted on U.S. soil. This issue therefore continues to fuel reflections on the legal framework applicable to transactions.
Alexander Neumüller nonetheless presents the current geographical distribution as a balance he considers positive, while specifying that it is his personal assessment. According to him, better geographical distribution is an advantage for a decentralized network.
Geographical distribution is a real asset for the network’s resilience, even if the community must continue to monitor its evolution. At the same time, a strong concentration of client software could amplify the consequences of a bug affecting the most used client.
Alexander Neumuller, Head of Research at the Cambridge Center for Alternative Finance, Source: The Block. He also believes that a strong concentration of client software risks quickly spreading the effects of a bug affecting the network’s main client. On this, the community must continue to closely follow this development.
The report also updates Ethereum’s energy estimates thanks to a new methodology. Researchers now use empirical data on node distribution between residential and commercial hosting, rather than theoretical assumptions. This approach takes into account software changes made after the merge, which can modify equipment consumption.
The new estimates assess the annual network consumption at about 7.9 gigawatt hours, equivalent to a continuous power of one megawatt. This corresponds to the consumption of about 2,000 British households. The study also estimates that this consumption remains about 99.98% lower than levels observed before the merge. Finally, the share of sustainable energy used by the network now exceeds 56%, compared to an estimated global average of 43%.
Researchers also estimate the theoretical cost of fully offsetting annual emissions through high-quality carbon credits. This would be between 25,000 and 55,000 pounds sterling, an amount Alexander Neumuller compares to the price of a car. He indicates that this estimate is the result that surprised him most. The Ethereum Foundation supported this study, while researchers specify that their analyses on decentralization reflect their own interpretation. Upcoming observations will measure whether this geographical distribution continues to evolve while preserving network resilience.
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Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A key Ethereum indicator that foreshadowed previous price bottoms has flashed again, prompting attention for the second-largest cryptocurrency.
According to Ali, a crypto analyst, Ethereum might be oversold. This is because on-chain data reveals the ETH MVRV ratio has officially dropped below 0.8, a level associated with a deep accumulation zone.
ETHEREUM IS OVERSOLD!
On-chain data reveals the ETH MVRV ratio has officially dipped below 0.8, putting it into deep accumulation territory.
Historically, falling below this 0.8 MVRV level signals seller exhaustion, as aggregate market value falls significantly below total… https://t.co/LNkygeXO5n pic.twitter.com/jGhaQlV8fp
— Ali Charts (@alicharts) July 10, 2026 Ali noted that historically, falling below the 0.8 MVRV level often signaled seller exhaustion for Ethereum, coinciding with aggregate market value falling significantly below total realized value. He noted that the last three times this setup occurred — December 2018, March 2020, and June 2022 — a particular trend was observed. Every single instance marked a bottom before a bullish reversal, Ali noted.
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Traders continue to watch whether this particular instance of Ethereum's MVRV entering grossly oversold levels will match previous instances when the price bottomed and subsequently recovered.
Ethereum short-term price actionAt the time of writing, ETH was up 1.18% in the last 24 hours to $1,802 and up 1.78% weekly. ETH is outperforming Bitcoin as it looks to snap a trend of sequential lower highs and lower lows.
Ethereum surpassed the daily MA 50 at $1,767 for the first time since mid-May as its recovery from the July 8 low of $1,710 progressed.
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Ethereum saw a rise at the start of July, reaching a high of $1,831 on July 6, where bulls met resistance. An attempt to surpass the daily MA 50 was also cut short as bulls could not advance.
A sustained rise above the daily MA 50 will be beneficial for Ethereum's recovery in the short term, with the potential to surpass $2,000, reaching the daily MA 200 currently at $2,214.
The crypto derivatives market is showing signs of stabilization, with speculation easing and longer-term positioning increasing.
In separate news, a new report from the Cambridge Centre for Alternative Finance (CCAF) stated that Ethereum now consumes about 7.87 GWh of electricity annually following The Merge, a decline of more than 99.9% from its pre-Merge level.
A recent analysis by researchers at the Cambridge Centre for Alternative Finance (CCAF) has shed new light on the physical distribution of Ethereum’s infrastructure, revealing notable geographic clustering of its validator nodes. According to the findings, approximately 31% of the network’s beacon node activity is concentrated within the United States as of May 2026.
This level of regional focus raises important questions about the blockchain‘s resilience to localized disruptions, regulatory pressures, and potential single points of failure.
Ethereum operates on a proof-of-stake (PoS) consensus mechanism following the 2022 Merge, which dramatically reduced its energy demands.
Unlike the earlier proof-of-work era, the network now relies on staked capital for security, with nodes performing validation and attestation tasks.
These nodes form the backbone of the system, ensuring transaction finality and network integrity.
The CCAF report emphasizes that while the overall node population—estimated at around 8,522 full nodes—draws far less power than before (roughly 0.90 MW on average), their geographic placement remains critical for operational robustness.
The United States leads with 31% of discoverable node activity, followed by Germany at 16%, Finland at 8%, and France at 6%.
Together, these four countries account for about 62% of the network’s full nodes.
The European Union (excluding the UK) hosts roughly 39% of activity overall.
This distribution is described as concentrated yet not monolithic, offering some built-in redundancy but still exposing vulnerabilities.
For instance, Ethereum’s finality mechanism can stall if more than one-third of validators go offline simultaneously.
A significant outage affecting US-based nodes could therefore push the network close to or beyond that threshold, potentially halting checkpoint finalization and disrupting the chain’s progress.
Much of this activity is further centralized among major cloud and hosting providers, including Amazon Web Services (AWS), Hetzner, and OVH. Such reliance on a handful of infrastructure giants introduces counterparty and jurisdictional risks.
Regulators in any single country could, in theory, exert influence over a substantial portion of the network through legal actions targeting data centers or service providers.
This setup contrasts with Ethereum’s decentralized ethos and underscores ongoing debates about true geographic and operational dispersion.
On the environmental front, the study provides updated post-Merge estimates. Ethereum‘s annual electricity consumption now stands at approximately 7.87 GWh, a reduction of about 99.98% from pre-Merge levels.
When mapped against the carbon intensity of host grids, the network’s climate footprint equates to roughly 2.37 kilotonnes of CO₂-equivalent per year.
Over 56% of the powering energy mix comes from sustainable sources like renewables and nuclear, thanks to the favorable grids in key hosting nations.
The research report also notes a bimodal hardware profile: many residential nodes operate at low power (around 18W), while enterprise or cloud setups draw more (around 153W).
Network-weighted averages sit near 105W per node. Looking ahead, protocol upgrades, improving hardware efficiency, and global grid decarbonization are expected to further refine this footprint.
While Ethereum has made strides in sustainability and scalability, the Cambridge research serves as a reminder that decentralization extends beyond software and economics to physical infrastructure.
Broader node distribution across more jurisdictions and diverse hosting options could strengthen the network against both technical failures and external interventions. As the ecosystem matures, stakeholders may increasingly prioritize geographic resilience alongside other performance metrics.
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.
The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.
Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.
1 minutes ago
An alleged insider address of LAB has transferred $9.15 million worth of tokens to Aster again.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address of LAB has transferred 10.5 million LAB tokens to Aster again. Calculated at the $0.872 price at the time of transfer, the move is worth roughly $9.15 million. This marks the address’s second transfer of LAB in the same fashion in about 22 hours. Over the past 24 hours, the address has moved a total of LAB worth approximately $18.69 million to Aster. Earlier, after the address completed the transfer last night, LAB’s price once plummeted sharply.
1 minutes ago
US-listed ETFs' assets under management climbed to $15.6 trillion, notching a new all-time high.
The Kobeissi Letter noted that the assets under management (AUM) of U.S.-listed ETFs have climbed to a record $15.6 trillion, doubling over the past 30 months. Year-to-date, investors have allocated more than $1 trillion to U.S.-listed ETFs, nearly double the year-to-date record set in 2025. At the current pace, full-year inflows are on track to top $2 trillion for the first time, roughly 33% higher than last year’s all-time high. In June alone, U.S. ETFs pulled in around $193 billion in inflows, marking the second-highest monthly inflow on record. Demand has been concentrated in U.S. large-cap, semiconductor, AI, and South Korea-focused ETFs, with the U.S. ETF market’s growth accelerating.
1 minutes ago
Hyperliquid’s perpetual contracts open interest market share hits 9%, a new all-time high.
According to hypeflows data, Hyperliquid holds a 9% share of the global perpetual contract market (covering all centralized exchanges including Binance, Bybit, OKX) by open interest, marking the highest level since the platform’s inception. Per HTX market data, HYPE is currently priced at $66.69, down 2.83% over the past 24 hours.
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Smart money nets $97.2 million in total profit from a 3x short position on 1.85 million CASHCAT tokens
According to Onchain Lens monitoring, a top-performing whale on Hyperliquid has just opened a 3x short position on 1.85 million CASHCAT tokens. The wallet has accumulated a total profit of $97.2 million to date, and its latest CASHCAT position currently boasts an unrealized profit of $17,900.
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Ethereum Foundation leverages AI to mine vulnerabilities: Successfully identifies security flaws, notes that manual review remains irreplaceable.
The Ethereum Foundation has disclosed that its Protocol Security team is using AI agents to conduct vulnerability hunting of Ethereum client software to boost network security. During testing, the AI successfully identified a vulnerability in the Gossipsub message propagation protocol that allows remote attackers to trigger node crashes, leading to validator nodes going offline. The flaw has since been patched and assigned CVE ID CVE-2026-34219. However, the foundation notes that AI’s biggest challenge is not discovering vulnerabilities, but distinguishing actual flaws from false positives. AI can generate vulnerability descriptions, impact analyses, and exploit code, but may also produce seemingly plausible yet non-existent issues—requiring security researchers to conduct thorough verification. The foundation outlined three common types of false positives: crashes occurring only in test environments, exploit paths that cannot be leveraged in real-world scenarios, and invalid proofs in formal verification. Additionally, the Ethereum Foundation believes AI is currently better at analyzing individual code issues, but has limited ability to identify complex attack chains formed by multiple legitimate operations—an attack vector that has been the primary cause of breaches for multiple crypto protocols this year. Going forward, the foundation plans to have AI assist in generating potential attack paths, which will then be verified via manual and automated testing to further improve the efficiency and accuracy of vulnerability discovery.
Hedera’s native token HBAR has fallen more than 2% after blockchain security researchers reported that a suspected exploit had moved more than $5.8 million in assets from the Hedera network to Ethereum.
Summary
Suspected Hedera exploit moved more than $5.8 million in assets to Ethereum, according to blockchain security researchers. Specter and PeckShield said the attacker bridged funds through LayerZero before swapping WBTC for ETH. HBAR fell more than 2%, trading near $0.069 as the reported exploit unfolded. According to blockchain security researcher Specter, the suspected attacker had already bridged more than $3.7 million worth of assets from Hedera to Ethereum before continuing to move additional funds.
There appears to be an ongoing hack involving @hedera Network, with over $3.7M already bridged to Ethereum by the attacker.
The stolen funds are currently being swapped from WBTC for ETH after being bridged from the Hedera network via Layerzero.
Theft addresses:… pic.twitter.com/KSxd3K2vlu
— Specter (@SpecterAnalyst) July 11, 2026 Specter said the stolen assets were being swapped from Wrapped Bitcoin (WBTC) into Ether (ETH) after crossing chains through LayerZero. The researcher also published two wallet addresses believed to be linked to the incident.
At the time of writing, CryptoBull360 reported that the wallet’s estimated value had increased to roughly $5.8 million, indicating that more assets had reached Ethereum after the initial transfers. The shared wallet data showed holdings of about 3,203 ETH, representing nearly 80% of the portfolio, alongside roughly 20% in WBTC.
According to data from crypto.news, Hedera (HBAR) price traded around $0.069, down more than 2% following the reports of the suspected exploit.
Cross-chain transfers have continued after the initial breach As additional transactions appeared on-chain, blockchain security firm PeckShield said the suspected exploit had already transferred approximately $5.25 million from the Hedera mainnet to Ethereum. The firm added that the wallet held around 2,360 ETH, valued at roughly $4.25 million, and 15.58 WBTC, worth about $1 million, at the time of its analysis.
PeckShield also reported that the wallet had originally been funded with 1 ETH from Tornado Cash, citing on-chain transaction history. The observation identifies the source of the wallet’s initial funding but does not establish who controls the address or who carried out the alleged attack.
The wallet screenshots shared by both Specter and PeckShield showed a series of inbound transfers arriving within a short period before the assets were converted into ETH.
Investigation remains ongoing as official details are limited Neither Specter nor PeckShield identified the party responsible for the suspected exploit, and no official estimate of the total losses had been released at the time of writing. The reported value of the stolen assets continued to change as additional funds were observed moving through the wallet.
The incident is still developing, with blockchain security researchers continuing to monitor the addresses and publish updates as new transactions appear on-chain. Meanwhile, market participants are watching for an official statement from the Hedera team regarding the reported exploit and any measures taken to contain its impact.
The Hedera incident comes amid a series of security-related developments reported by crypto.news in recent weeks. Blockaid recently said it detected an active exploit targeting Summer.fi, estimating losses of about $6 million at the time of its alert.
Separately, Ctrl Wallet announced it will permanently shut down after a security exploit affecting some Cardano wallets, giving users until Aug. 3 to withdraw their assets. Meanwhile, crypto.news also reported that Secret Network has proposed migrating SCRT from Cosmos to Arbitrum, with the team citing security risks, weaker liquidity, and an aging codebase in its July 7 governance proposal.
More than $5 million has been stolen from the Hedera Network after hackers exploited the DeFi lending platform Sauce Protocol. The attack caused the HBAR coin price to fall by nearly 3% as the stolen crypto was quickly moved to Ethereum.
So far, the attacker has not been identified, and the Hedera Network team has not released an official statement.
Sauce Protocol Exploit Drains Over $5 MillionAccording to PeckShield, the attacker exploited the Sauce Protocol by manipulating its price oracle after depositing collateral into the lending platform.
By changing asset prices, the hacker borrowed nearly 6.6 million USDC and 35 million HBAR before swapping the stolen tokens on SaucerSwap.
The attacker then used LayerZero to bridge the stolen funds from the Hedera Network to Ethereum, making it more difficult to recover the assets.
The total loss is estimated at more than $5.25 million, with the funds already transferred off the Hedera Network.
Stolen Funds Moved to EthereumOn-chain investigator Specter said the hacker first stole the funds from Sauce Protocol on the Hedera network. After that, the attacker used LayerZero to transfer the stolen crypto from Hedera to Ethereum, where it is easier to swap and move the funds.
The hacker’s Ethereum wallet now holds around 2,068 ETH, worth nearly $3.7 million, along with 15.58 WBTC, bringing the total stolen assets to more than $5 million.
Blockchain records also show the attacker making several transactions, repeatedly moving Wrapped Bitcoin (WBTC) to another wallet, likely an attempt to hide the money trail.
More than $5 million has been stolen from Hedera’s DeFi ecosystem after hackers exploited Sauce Protocol in an oracle manipulation
Before carrying out the exploit, the hacker funded the wallet 0x9A4…6a494 with just 1 ETH from Tornado Cash. Attackers often use Tornado Cash to cover their tracks before launching an exploit.
HBAR Coin Price Falls After AttackFollowing the news, HBAR dropped around 3.5%, falling to nearly $0.0670 as investors feared a more serious breach.
Although the exploit targeted Sauce Protocol rather than the Hedera network itself, the incident has raised concerns across decentralized finance (DeFi) applications built on the blockchain.
The investigation is still ongoing, yet there is no official announcement or post from the Hedera network team.
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Someone just walked off with $5.25 million from the Hedera network, and they didn’t exactly try to be subtle about it. Blockchain security firms PeckShield and Specter flagged the suspicious activity on July 11, tracking a trail of funds that moved from Hedera’s mainnet to Ethereum through a cross-chain bridge powered by LayerZero technology.
The timing is particularly awkward for Hedera. Just weeks after the network celebrated the launch of the first US spot HBAR ETF, it’s now dealing with a significant security incident.
How the exploit unfolded The attacker funded an Ethereum wallet with 1 ETH routed through Tornado Cash, the privacy mixing service. From there, the attacker bridged assets from Hedera to Ethereum using LayerZero’s cross-chain infrastructure. Once the funds landed on Ethereum, the attacker swapped Wrapped Bitcoin for Ether, consolidating the stolen haul into more liquid assets.
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At the time security researchers flagged the incident, the attacker’s Ethereum wallet held approximately 2,360 ETH, valued at about $4.25 million, along with 15.58 WBTC worth roughly $1 million. The wallet addresses involved have been identified as 0x9A4966152F6e10b33Cb7a37975e8619816d6a494 and 0xaf20D792A19fD42dCf697ceBa6100291D96dD93e.
Hedera itself has not confirmed the exploit. On-chain investigators are still picking through the transaction data to determine exactly what vulnerability was exploited and how the attacker gained access to the funds in the first place.
A pattern that should worry everyone This isn’t Hedera’s first brush with a security breach. Back in March 2023, the network experienced an exploit that affected decentralized exchange liquidity pools through a bug in Hedera Token Service transfers.
The 2026 landscape has been particularly brutal. A $6 million exploit hit Summer.fi, and a governance attack on BONK DAO resulted in $20 million in losses. The suspected Hedera incident slots neatly into this growing catalog of multi-million-dollar security failures.
What this means for HBAR and its new ETF In June 2026, Canary Capital launched the first US spot HBAR ETF, which debuted with $52.6 million in assets under management. Now, barely a month later, the network is associated with a multi-million-dollar theft.
The exploit appears to involve assets bridged off the Hedera network rather than a compromise of the network’s core consensus mechanism. The use of Tornado Cash to fund the initial wallet suggests the attacker was prepared for scrutiny, which typically makes fund recovery significantly more difficult.
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.
Key Takeaways Ethereum stands as the dominant smart contract platform with strong institutional backing and an established DeFi landscape Solana delivers thousands of transactions per second with minimal costs, attracting gaming and consumer-focused applications Ethereum represents a more conservative choice; Solana carries greater risk alongside potentially larger returns Developer activity continues to strengthen across both networks as their ecosystems evolve A growing number of investors maintain positions in both assets instead of choosing a single blockchain Ethereum holds the position as the premier smart contract platform globally. It supports countless decentralized applications, DeFi protocols, and NFT marketplaces. Additionally, it serves as the foundation for numerous tokenized real-world assets and corporate blockchain initiatives.
Ethereum (ETH) Price Ethereum transitioned to a Proof-of-Stake consensus mechanism, dramatically reducing energy consumption while enabling token holders to generate staking income. The platform boasts crypto’s most extensive developer base and maintains billions locked within DeFi protocols.
The primary challenges facing Ethereum include elevated transaction costs during network congestion and processing speeds that lag behind more recent blockchain platforms.
Solana emerged specifically to address these performance and affordability limitations. The network processes thousands of transactions every second while maintaining exceptionally low fees. This capability has positioned it as a preferred platform for gaming applications, payment systems, meme tokens, and consumer-oriented products.
Solana’s developer ecosystem has expanded rapidly. Institutional participation has increased significantly, with many industry observers considering it Ethereum’s primary long-term competitor.
Solana (SOL) Price The platform’s weaknesses include a comparatively smaller overall ecosystem and heavier reliance on sustained network expansion to support its valuation.
Evaluating Growth Trajectories and Risk Profiles Ethereum typically receives recognition as the more conservative option. It currently dominates in institutional acceptance, DeFi infrastructure, and asset tokenization. Should blockchain technology achieve deeper integration into worldwide financial systems, Ethereum stands well-positioned to capitalize.
Solana potentially offers greater appreciation prospects. The platform remains earlier along its development path. Should developers continue building applications and consumer adoption accelerate, potential gains could exceed Ethereum’s — though accompanying risks are similarly elevated.
These two blockchains address somewhat distinct market segments. Ethereum commands institutional finance and sophisticated decentralized applications. Solana has established dominance in rapid, cost-effective consumer transactions and decentralized exchange activity.
Certain investors perceive them as direct competitors for identical user bases. Others recognize them as fulfilling separate requirements and maintain exposure to both networks.
Single Position or Diversified Approach? Numerous long-term cryptocurrency investors maintain holdings in both Ethereum and Solana. The rationale centers on each ecosystem addressing different market areas. Dual ownership mitigates the risk associated with concentrating on a single blockchain while providing participation in each platform’s expansion.
For those preferring reduced volatility and proven infrastructure, Ethereum presents the more convincing case. For investors seeking elevated growth potential who can tolerate additional risk, Solana offers a persuasive proposition.
Both platforms will likely maintain prominent positions within digital assets. The optimal selection depends on individual objectives, risk capacity, and investment timeline.
Cryptocurrencies exhibit extreme price volatility. Conduct thorough independent research and invest only capital you can afford to lose completely.
Quick Summary Bitcoin receives the largest allocation at 40% thanks to institutional adoption and proven market stability Ethereum captures 25% of the portfolio for its dominance in decentralized finance and smart contracts Solana claims 15% based on superior transaction throughput and expanding ecosystem Chainlink secures 10% for providing critical oracle services across blockchain networks Near Protocol takes 5% offering exposure to AI integration and Layer 1 innovation A cryptocurrency expert has detailed a strategic approach for distributing $1,000 across five digital assets plus a stablecoin buffer, designed to optimize both security and upside potential in today’s market environment.
Core Holdings: Bitcoin and Ethereum Anchor the Strategy [[LINK_START_1]]Bitcoin[[LINK_END_1]] commands the dominant position with a 40% allocation, representing $400 of the total investment. As the cryptocurrency sector’s flagship asset by market capitalization, it benefits from continuous institutional capital inflows via spot exchange-traded funds and corporate balance sheet acquisitions. Its established history and deep liquidity position it as the portfolio’s most reliable component.
Bitcoin (BTC) Price [[LINK_START_3]]Ethereum[[LINK_END_3]] claims the second-largest position at 25%, equating to $250. As the fundamental infrastructure supporting decentralized finance and the primary platform for asset tokenization, it remains the preferred choice for financial institutions experimenting with distributed ledger technology.
Combined, these two market leaders comprise 65% of the entire allocation. This substantial weighting acknowledges their relatively reduced volatility when measured against smaller market cap alternatives.
Solana captures 15% of the portfolio at $150. The network challenges Ethereum through superior processing speed and minimal transaction costs while establishing significant traction in decentralized finance, payment systems, and user-facing applications. Though it introduces elevated risk, it simultaneously offers greater appreciation potential should mainstream adoption accelerate.
Chainlink occupies 10% of the allocation at $100. Its decentralized oracle infrastructure serves as the critical bridge connecting blockchain networks with external data sources, proving indispensable for smart contract functionality and enterprise blockchain implementations. As the tokenization of tangible assets gains momentum, dependency on this data infrastructure layer may intensify.
Near Protocol completes the active holdings at 5%, representing $50. The project emphasizes artificial intelligence infrastructure alongside its Layer 1 blockchain capabilities. While it represents the portfolio’s most speculative and smallest position, it provides valuable exposure to the convergence of AI and cryptocurrency sectors.
Strategic Stablecoin Buffer Explained The remaining 5%, totaling $50, stays allocated in stablecoins. This isn’t merely a defensive position—it equips investors with immediate purchasing power during market corrections without requiring the liquidation of current holdings.
Cryptocurrency valuations can experience dramatic swings within compressed timeframes. Maintaining a modest cash-equivalent reserve delivers tactical flexibility when valuations decline.
Rationale Behind Multi-Asset Diversification No individual cryptocurrency can be certain to deliver superior returns. Distributing capital across five distinct assets with varying utilities and risk profiles helps contain potential losses if any single position underperforms.
[[LINK_START_4]]Bitcoin[[LINK_END_4]] and Ethereum establish the portfolio’s stable foundation. [[LINK_START_5]]Solana[[LINK_END_5]], Chainlink, and Near Protocol introduce enhanced appreciation opportunities accompanied by proportionally increased risk.
The allocation strategy mirrors present market dynamics. Institutional participation continues expanding, artificial intelligence is intersecting with blockchain technology, and infrastructure protocols are becoming increasingly fundamental to network operations.
This approach doesn’t pursue rapid speculation. Instead, it presents a methodical entry framework for investors with $1,000 seeking diversified cryptocurrency exposure while avoiding concentration in any single digital asset.
Robinhood Chain is gaining ground fast. Just 11 days after its July 1 mainnet launch, the Arbitrum-based Ethereum Layer 2 processed 7.6 million transactions in a single day. That puts it within striking distance of Coinbase’s Base, which logged 9.2 million transactions the same day. The pace of that climb has caught the attention of on-chain analysts and HOOD stock investors alike, as Robinhood’s blockchain ambitions move from launch hype to live metrics.
Gas Subsidy Drives Explosive Growth on Robinhood Chain The driver behind the numbers is deliberate. Robinhood is covering all network fees for users through the first 90 days of mainnet. That brings the cost of transacting to near zero, drawing in retail traders, DeFi participants, and memecoin activity that would otherwise stay on competing chains.
According to on-chain data made by MSBIntel and verified by Token Terminal, Robinhood Chain has 7.6M transactions per day, and its daily protocol fees were approximately $4,000. Base is still ahead with 9.2M. However, there is a convergence of the gap.
BREAKING: Robinhood Chain processed 7.6 million transactions yesterday, nearing Base’s 9.2 million, eleven days after mainnet, per Token Terminal.
Base users pay for every transaction; Robinhood covers gas on its chain through a 90-day subsidy, with daily fees near $4,000. pic.twitter.com/sWLM0yRV0z
— MSB Intel (@MSBIntel) July 10, 2026
BREAKING: Robinhood Chain has nearly matched Base's daily transaction count in just 1.5 weeks.
Yesterday, Robinhood Chain processed 7.6 million daily transactions, compared with 9.2 million on Base.@vladtenev vs. @brian_armstrong game is on! pic.twitter.com/m4GqyMXzwD
— Token Terminal 📊 (@tokenterminal) July 10, 2026
Additionally, Robinhood Chain’s Base single-day volume exceeded $500 million as it took over the number 2 position among Uniswap deployments. Ethereum mainnet was the only one higher. Robinhood earlier flipped Base to No. 2 Spot on Uniswap, Trails Only Ethereum, a milestone that signals real liquidity activity, not just speculative churn.
The growth curve is similar to that of Base, which had been subsidizing fees, built on an established user base, and integrated with DeFi apps on day one, like Uniswap and Chainlink. Robinhood Chain adds one variable that Base was missing in its launch: direct access of 23 million brokerage users and tokenized equities that are live in more than 120 countries.
HOOD Stock Watchers Track L2 Metrics as Tokenized Finance Race Heats Up Every meaningful step taken on the chain by Robinhood has had a bearing on HOOD stock prices. The first Layer 2 announcement has caused the stock price to rise 10%.
The Robinhood agentic trading launch drove a slight 7% spike in the HOOD stock price after transactions on Robinhood Chain surged, continuing the same point as the launch that Robinhood is shifting from a brokerage to an on-chain financial infrastructure company.
Chainlink’s 95 tokenized stocks, which currently include NVDA, AAPL, and GOOG, were powered by Uniswap’s liquidity, Morpho’s lending, and Chainlink’s oracle pricing. Earlier this week, Robinhood announced a Layer 2 blockchain on Arbitrum.
The price of HOOD stock surged ~10% after the initial Robinhood Chain L2 announcement, which brought significant early investor excitement and provides context for the market’s pricing of the buildout. As of the July 10, 2026 close, HOOD traded at $111.97, down 2.73% on the day.
Google Finance HOOD Price Sustainability questions remain. This 90-day gas subsidy will expire at the end of September 2026. In April 2026, FalconX estimated its Robinhood Chain would collect approximately $1.1 million in fees in six months, but the subsidy is stopping this.
Once free gas runs out, volume will reset again, and the long-term traction will depend on real-world asset flows being greater than the memecoin spike during the launch week.
Next is early August with its Q2 2026 earnings, which will be the first to include live mainnet activity. That report will be pivotal for investors in determining whether Robinhood Chain’s early buzz is reflective of the infrastructure revenue narrative of the market.
Track active ICOs and upcoming token sales in one place.
TLDR: Bitcoin ETF inflows reached $90.44 million on July 10, with BlackRock’s IBIT supplying nearly all the fresh capital entering U.S. spot funds. Spot Ethereum ETFs added $18.43 million during the same session, showing that regulated crypto demand extended beyond Bitcoin alone. Bitcoin traded above $64,000 and approached the key $65,000 resistance area as softer oil prices and a weaker dollar supported risk assets. Short-term holders remain underwater near higher cost bases, leaving the $71,000 to $77,500 region exposed to renewed selling pressure. U.S. spot funds attracted fresh capital as Bitcoin returned above $64,000. Bitcoin ETF inflows reached $90.44 million on July 10, Eastern Time, according to SoSoValue data. Spot Ethereum products added another $18.43 million during the same session.
The move marks another positive flow day after June delivered roughly $4 billion in Bitcoin ETF withdrawals. Bitcoin traded near $64,149, while Ethereum changed hands around $1,798.
Both assets gained support from softer oil prices and a weaker U.S. dollar. Still, Bitcoin faces firm resistance near $65,000 as traders assess whether institutional demand can extend the rebound.
Bitcoin ETF Inflows Rise as BlackRock Controls the Session BlackRock’s iShares Bitcoin Trust generated $86.83 million of the daily total. VanEck’s HODL fund added $3.61 million, bringing combined Bitcoin ETF inflows to $90.44 million. IBIT has now attracted about $60.29 billion since launch, while HODL’s cumulative inflows stand near $1.14 billion.
U.S. Spot Bitcoin ETFs See $90.44 Million in Net Inflows; Ethereum ETFs Add $18.43 Million
According to SoSoValue data, U.S. spot Bitcoin ETFs recorded total net inflows of $90.44 million on July 10, Eastern Time, while U.S. spot Ethereum ETFs recorded total net inflows of… pic.twitter.com/sAEX5gmh1b
— Wu Blockchain (@WuBlockchain) July 11, 2026
The U.S. spot Bitcoin ETF market holds about $77.42 billion in total net assets. That equals roughly 6.05% of Bitcoin’s market value. Cumulative net inflows across the products have reached approximately $51.28 billion since trading began in January 2024.
The latest reading follows a difficult June for regulated Bitcoin funds. Investors withdrew around $4 billion during the month, setting the weakest monthly result since the products launched. A 10-day outflow run also removed about $2.73 billion before positive flows returned in early July.
Bitcoin ETF inflows now show selective demand rather than a broad rush into every product. The July 10 total came almost entirely from IBIT, with VanEck supplying the balance. This concentration shows that large investors still favor liquid funds with deep trading activity and competitive fees.
Ethereum ETF inflows were smaller but moved in the same direction. The $18.43 million daily addition represented about 10,550 ETH at prevailing prices. BlackRock’s ETHA attracted $16.20 million, while Fidelity’s FETH added $2.23 million.
ETF Demand Returns While Bitcoin Tests the $65K Barrier Bitcoin climbed above $64,000 and approached a three-week high as the dollar weakened. Lower crude prices also eased immediate inflation concerns, giving risk assets more room to recover. However, the rebound still needs stronger spot demand to support a sustained break above $65,000.
Short-term holder data presents another challenge. Buyers holding Bitcoin for one to six months remain about 15% underwater on average. The newest buyers hold a realized price near $61,600. The three-to-six-month group sits near $74,900.
Source: Cryptoquant That gap may create selling pressure during a stronger advance. Holders who bought near $70,000 could use a recovery to reduce losses. A break above $71,000 would improve the structure. The $73,200 to $77,500 area could attract heavier supply.
Bitcoin ETF inflows offer a stronger demand signal than leveraged futures activity. Yet negative apparent demand and a weak Coinbase premium still point to caution among U.S. spot buyers. Rising leverage could also expose the market to sharp liquidations if Bitcoin loses momentum below $64,000.
Analyst Axel Adler Jr. says short-term holder buying pressure has recently exceeded selling pressure. Buying scores ranged from 37% to 46% during June and July, while selling pressure stayed near 16%. Those conditions support a possible bounce, although older holders remain positioned to sell into higher prices.
Ethereum price today: $1,790Ethereum's annual electricity consumption is now 7.87 GWh, less than 50% of that consumed by the British Museum.The network's carbon footprint has also dropped to 2.37 ktCO₂e, 99.98% below pre-Merge levels.ETH is retesting the $1,806 resistance and 50-day EMA.Ethereum (ETH) energy consumption has decreased by 99.9% since The Merge, an event that transitioned the smart contract blockchain from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus.
In a report released last month, researchers at Cambridge Center for Alternative Finance (CCAF) stated that Ethereum's continuous power demand has dropped to 0.90MW, below its pre-Merge baseline of about 2.4 GW, "a figure that once rivaled the electricity demand of a small country."
Through an audit of roughly 8,522 full nodes that store and process the network's data, the researchers noted that Ethereum's annual electricity consumption is now 7.87 GWh, less than 50% of that consumed by the British Museum.
"If Ethereum's pre-Merge energy consumption were the height of the Statue of Liberty, the post-Merge network would be a golf ball resting at its base," the report stated.
Ethereum once relied on the energy-intensive PoW consensus mechanism to validate transactions and ensure its security. As a result, it faced heavy criticism for years before eventually transitioning to PoS in September 2022.
“Under PoW, electricity consumption was the price paid for consensus. Under PoS, security is collateralised by staked capital, and electricity represents the operating cost of the participating node population,” the research stated.
Cambridge researchers highlighted that the United States (31%), Germany (16%), Finland (8%) and France (6%) account for 62% of the network's full nodes. Based on the grids hosting these nodes, Ethereum is powered by an electricity mix of 56.4% sustainable energy and 43.6% fossil fuels. That places its annual emissions at 2.37 ktCO₂e, 99.98% below pre-Merge levels and roughly equal to the combined carbon footprint of 900 UK households, the report estimates.
The researchers also noted that Ethereum's carbon footprint will fall even if its electricity consumption remains flat, as long as the grids powering full nodes decarbonize.
Ethereum Price Forecast: ETH retests 50-day EMAOn the daily chart, ETH is maintaining a bearish near-term bias as it remains below both the 50- and 100-day Exponential Moving Averages (EMAs) at $1,801 and $1,957. Price remains above the 20-day EMA at $1,724, hinting at some short-term support, but the broader structure is capped by a dense band of overhead levels.
Momentum reads as constructive, with the Relative Strength Index (RSI) at 57 and the Stochastic stretched into overbought territory near 85, suggesting recovery attempts could face profit-taking against these nearby moving-average barriers.
ETH/USDT daily chartOn the topside, immediate resistance is seen at the convergence of the 50-day EMA and the $1,806 level, followed by horizontal resistance at $1,909 and the 100-day EMA. A thicker supply zone is between $2,018 and $2,107.
On the downside, initial support is located at the recent horizontal floor around $1,741, reinforced by the 20-day EMA at $1,724. A break lower would expose the next structural cushions at $1,524 and $1,404, with a deeper bearish extension pointing toward $1,155.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
When autonomous AI agents start executing trades, managing liquidity and settling contracts entirely on-chain, the question of what happens when a transaction goes wrong becomes urgent. Traditional legal systems move too slowly, and the cost of small-value claims often exceeds the amounts at stake. A consortium of 27 Web3 firms, including major exchange OKX, wallet provider MetaMask and zero-knowledge rollup builder Matter Labs, is now backing a decentralized “Internet Court” designed to handle disputes at machine speed. The initiative, led by the GenLayer Foundation, was detailed in a report picked up by WuBlockchain.
The Internet Court aims to build a system where AI-powered payments and escrow services can operate with an automated layer of dispute resolution. As agent-to-agent commerce expands, the need for a trust-minimized arbitration mechanism that can scale to millions of interactions per minute is no longer a theoretical exercise. The consortium wants to create an environment where AI agents can transact with each other, confident that if a smart contract fails or a counterparty behaves unexpectedly, resolution will not require human lawyers.
A Justice Layer for Autonomous Agents The core idea is to embed arbitration directly into the transaction flow, using cryptographic proofs, reputation scores and economic incentives to adjudicate conflicts without slow off-chain processes. OKX’s involvement suggests that major trading venues see AI-driven activity as a significant future volume driver. MetaMask’s participation indicates that wallet infrastructure will need to support agent identities and dispute flows natively. Matter Labs’ backing points to layer-2 networks grappling with the high throughput required to settle agent disputes economically.
The push to bring AI on-chain has already spurred collaborations such as initiatives to power scalable AI-driven Web3 applications using decentralized computing. The Internet Court is the next logical step: if agents can act autonomously, they also need a counterparty risk framework that doesn’t depend on human legal systems.
Developer activity remains concentrated on chains like Ethereum, BNB Chain and Polygon, as seen in recent ecosystem metrics, and these are the networks where AI agent commerce is most likely to scale. The Internet Court will probably need to integrate across multiple blockchains, which raises questions about interoperability standards and cross-chain evidence handling.
What Still Has to Be Solved The consortium’s ambition has clear limits. There is no legal recognition for such a court in any jurisdiction, and on-chain arbitration generally lacks the enforcement power of state-backed judicial systems. The Internet Court will likely rely on staking mechanisms and slashing conditions to enforce decisions, but that creates new attack surfaces. An adversarial AI agent could attempt to game the system by submitting false evidence or coordinating Sybil attacks on reputation models.
It also remains uncertain whether enterprises will integrate with a non-state arbitration layer without clear liability frameworks. Regulators have yet to address AI agent accountability in financial transactions, and until they do, institutional users may remain cautious. Still, the consortium’s size and the stature of its initial backers make it one of the more serious attempts to build infrastructure for the coming agentic economy.
Where This Fits in a Maturing On-Chain Economy The Internet Court isn’t happening in isolation. The push mirrors the maturation of on-chain settlement seen in traditional finance, where real-world asset tokenization recently crossed $20 billion and major institutions settled trades directly on-chain. As automated market participants proliferate, the need for a parallel dispute layer grows alongside. Whether the Internet Court becomes that default layer will depend on how well it handles edge cases, how quickly it can win over builders outside the initial consortium, and whether it can prove its resilience against the same adversarial dynamics it seeks to tame.
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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.
The crypto market traded modestly, gaining 1.1% on Friday as Bitcoin (BTC), Ethereum (ETH) and XRP maintained their recent recovery levels. The gains came despite US spot ETF outflows and cautious investor sentiment, suggesting buyers continue to defend key support levels.
Bitcoin holds near $64K despite ETF outflows, treasury sell-offsBitcoin (BTC) traded slightly above $64,000 on Friday despite selling pressure from US spot Bitcoin exchange-traded funds (ETFs). The funds recorded net outflows of $95 million on Thursday, marking a second consecutive day of negative flows.
Spot BTC ETF Flows. Source: SoSoValueThe move follows Bitcoin treasury company Empery Digital's disclosure in a filing with the US Securities and Exchange Commission (SEC) that it has sold 1,400 BTC since May at an average price of $62,200. The proceeds will be used to repay debt, fund a previously announced property acquisition and cover legal expenses.
The company also said it is shifting its strategic focus toward artificial intelligence (AI) infrastructure, including participation in a proposed $1 billion AI data center project. As part of the transition, Empery will discontinue publishing net asset value (NAV) updates based solely on its Bitcoin holdings, reflecting its growing exposure to AI and energy infrastructure businesses.
Meanwhile, Japan's Metaplanet announced a feasibility study with JPYC, Progmat and its securities subsidiary to explore Bitcoin-backed digital credit products.
The initiative will evaluate the use of Bitcoin as collateral alongside stablecoins and tokenization infrastructure to enable 24/7 issuance, settlement and interest payments.
Ethereum records ETF outflows as onchain activity sends mixed signalsEthereum (ETH) traded near $1,800 following another day of outflows from US spot ETH ETFs. The funds recorded net outflows of $52 million on Thursday, marking a shift in sentiment after attracting positive inflows earlier in the week.
The top altcoin’s onchain activity paints a mixed picture, according to a Thursday note by CryptoQuant contributor CryptoOnchain. While the number of regular user transactions has increased by roughly 40% over the past week, the median value of token transfers has dropped 77%.
The divergence suggests that network activity is being driven largely by low-value transactions or automated bot activity, rather than significant capital inflows from larger investors.
ETH Velocity Illusion. Source: CryptoQuantThe analyst also highlighted that Binance funding rates have surged well above their 30-day average, showing that leveraged traders are increasingly positioning for further price gains. However, this bullish sentiment has yet to be supported by meaningful on-chain capital movement, while stablecoin redemptions point to weaker buying power across the market.
CryptoOnchain stated that a disconnect between rising speculative positioning and subdued economic activity on Ethereum's network could leave the market vulnerable to a sharp deleveraging event if stronger capital inflows fail to materialize.
XRP reclaims $1.10 as derivatives activity slowsXRP traded near $1.10 as activity in the derivatives markets continued to weaken.
CryptoQuant contributor Arab Chain stated that open interest in XRP futures on Binance has fallen to approximately 397 million XRP, its lowest level in more than three months.
XRP Open Interest (Binance). Source: CryptoQuantArab Chain noted that a decline in open interest typically reflects traders closing existing positions or opening fewer new ones. When combined with declining prices, it often signals weaker risk appetite, reduced liquidity and lower leverage across the futures market.
However, the analyst states that the trend is not necessarily bearish.
"In many cases, this phase represents a period of repositioning as investors await a clearer market direction," Arab Chain wrote.
A recovery in both XRP's price and open interest could indicate that liquidity is returning to the market and that a more active trading environment is beginning. On the other hand, continued declines would suggest investors remain cautious.
On the institutional side, US spot XRP ETFs recorded zero flows on Thursday after posting $7.29 million in net outflows on Wednesday, suggesting institutional demand remains subdued.
Ethereum’s entire global network now consumes less energy in a year than a single mid-sized museum. That’s the kind of stat that makes you do a double-take, but the numbers from the Cambridge Centre for Alternative Finance back it up.
The network’s annual electricity consumption sits at approximately 7.87 GWh as of mid-2026, with associated carbon emissions of just 2.37 ktCO2e. For context, that’s less than half what the British Museum uses annually to keep its lights on and its ancient artifacts properly climate-controlled.
From country-sized to museum-sized Before The Merge on September 15, 2022, Ethereum’s energy appetite was comparable to that of mid-sized countries. The network’s lifetime energy consumption from 2015 to 2022, its entire proof-of-work era, totaled about 58.26 TWh.
Then Ethereum switched from Proof-of-Work to Proof-of-Stake. In English: it stopped requiring thousands of specialized computers to race each other solving math puzzles and instead let token holders validate transactions by putting their ETH up as collateral.
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The result was a reduction in energy use exceeding 99.98%.
Early projections after The Merge estimated annual consumption would land somewhere between 2.6 and 6.5 GWh. The actual figure of 7.87 GWh sits slightly above that initial range, which makes sense given the network’s validator set has grown steadily since the transition.
The CCAF data also reveals that the network’s continuous power draw amounts to roughly 0.90 MW.
The sustainability mix matters According to CCAF’s latest assessment, 56.4% of Ethereum’s electricity mix comes from sustainable sources.
The 2.37 ktCO2e in annual emissions reflects this cleaner energy mix.
What this means for investors The environmental narrative around crypto has been a persistent headache for institutional adoption. ESG-mandated funds, sovereign wealth managers, and corporate treasuries have repeatedly cited energy concerns as a barrier to crypto allocation. Bitcoin still faces this criticism regularly, with its proof-of-work consensus consuming energy on the scale of medium-sized nations.
Ethereum’s post-Merge energy profile effectively removes that objection from the conversation. A network using 7.87 GWh annually with majority-sustainable sourcing is, by any reasonable measure, not an environmental concern.
The CCAF data provides the kind of rigorous, third-party verification that compliance departments and institutional due diligence teams actually care about.
The steady growth in validators despite already-low energy consumption also signals something important about network health. Ethereum is attracting more participants to its consensus mechanism without proportionally scaling its energy footprint.
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.
According to monitoring by crypto analytics account Ai Yi, the combined 24-hour trading volume of SK Hynix-related contracts SKHX and SKHY on the Hyperliquid platform has reached $1.015 billion, surpassing Ethereum (ETH) to become the second-most active asset by trading volume on the platform. SKHX recorded a 24-hour trading volume of $698 million, with an open interest (OI) of $494 million; SKHY’s 24-hour trading volume stood at $317 million and its open interest was $117 million. Currently, SKHY still trades at a roughly 17% premium relative to SKHX.
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A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.
According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
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The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
2 minutes ago
Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
2 minutes ago
A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.
According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.
2 minutes ago
A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
According to data from FarsideUK, Bitcoin spot ETFs posted a total net inflow of $90.4 million on July 10, with BlackRock’s IBIT seeing a net inflow of $86.8 million and VanEck’s HODL bringing in $3.6 million. Ethereum spot ETFs recorded a total net inflow of $18.4 million, of which BlackRock’s ETHA had a net inflow of $16.2 million and Fidelity’s FETH had a net inflow of $2.2 million.
Relevant content
A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.
According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
2 minutes ago
The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
2 minutes ago
Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
2 minutes ago
A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.
According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.
2 minutes ago
A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
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.
Although most AIs didn't agree on which is the winner, they all believe it won't be bitcoin.
We are already more than halfway through the year, and it’s safe to say that it hasn’t been kind to the largest cryptocurrencies. All three of the ones that we will explore in this article are deep in the red YTD after dipping to new local lows.
But let’s be more optimistic about the rest of 2026 and ask ChatGPT, Perplexity, Gemini, and Grok which they believe has the most potential to post the biggest gains in the next 5-6 months.
ChatGPT and Gemini Say… Perhaps the most widely known and used AI outlined the realistic and bullish peaks of all three assets: $95,000 for BTC, $3,200 for ETH, and $2.50 for XRP in one of the cases, and $135,000, $4,500, and $4.50, respectively, in the other. Consequently, their realistic and bullish upside potentials ranged between 48% and 110% for the market leader, 97% and 117% for the largest altcoin, and 136% and 325% for Ripple’s cross-border token.
Its winner is quite clear: “XRP has the greatest percentage upside, followed by ETH, which is the best balance between upside and fundamentals.” Bitcoin, on the other hand, is described as the one with the “highest probability of a rally, but the lowest potential returns.”
Gemini had a slightly contrasting opinion. It placed Ethereum as the “highest theoretical upside contender,” since it is currently the most beaten down. It outlined the upcoming Glamsterdam update as a potential catalyst for future gains, as it promises to fix the fee structures.
“Because it is starting from such a compressed level, its upside multiplier is massive,” Gemini added.
It categorized XRP as the “clearest binary catalyst,” while BTC falls under the same category – the highest probability for a run, but the lowest percentage potential.
Grok and Perplexity Add… Grok agreed to a large extent with Gemini. It said XRP “edges out for explosive relative gains,” since it’s smaller in size, while its pent-up narrative (payments and regulatory resolution), alongside its sensitivity to positive news, makes it the “highest beta play among the three.”
You may also like: Bitwise Report: Crypto Fundamentals Are Getting Stronger Despite Third Straight Negative Quarter STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In “In risk-on environments with altcoin rotation, XRP often amplified moves. However, this comes with higher risk – if macro weakens or catalysts delay, it could underperform,” Grok explained.
BTC is the safest “big rally” bet, while ETH balances utility and adoption but may “lag in pure speculative rallies unless specific narratives catch fire.”
Perplexity took ChatGPT’s side, indicating that “ETH probably has the best asymmetric rally potential in H2 2026, while BTC is the most likely to be steady, and XRP is the wild card with the sharpest upside if catalysts hit but the highest execution risk.”
US spot Bitcoin ETFs pulled in $90.4 million in net inflows on July 10, while their Ethereum counterparts added $18.4 million. That translates to roughly 1,791 BTC and 10,550 ETH worth of fresh capital flowing into regulated crypto investment products in a single day.
The recovery after a record-breaking exodus June 2026 set an unwelcome record: approximately $4 billion in net outflows from US spot Bitcoin ETFs. That’s the largest monthly withdrawal since these products launched in January 2024.
A 10-day consecutive outflow streak from Bitcoin ETFs finally snapped on July 2, after hemorrhaging a cumulative $2.73 billion during that stretch alone.
Earlier in the month, Bitcoin ETFs recorded a single-day inflow of $265.7 million, driven primarily by BlackRock’s IBIT. The $90.4 million on July 10 is more subdued, but it reinforces the narrative that capital is rotating back in rather than continuing to flee.
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Who’s winning the ETF fee war BlackRock’s IBIT and Fidelity’s FBTC continue to dominate inflows on the Bitcoin side. On the Ethereum front, BlackRock’s ETHA and Fidelity’s FETH have carved out similar positions.
Grayscale’s higher-fee products have faced persistent outflows as investors migrate to cheaper alternatives. Grayscale’s Bitcoin Trust, which converted from a closed-end fund, carried significantly higher fees than competitors who entered the market with aggressive pricing, resulting in a steady asset transfer from Grayscale to BlackRock and Fidelity.
Since spot Bitcoin ETFs launched in January 2024, total net inflows have surpassed $50 billion, reaching approximately $51.3 billion by July 2026.
Macro backdrop and what’s driving sentiment Bitcoin prices have been hovering between $56,000 and $64,000 in early July. Easing inflation expectations have provided some tailwinds for risk assets broadly, and crypto ETFs appear to be catching that breeze.
The $18.4 million flowing into Ethereum ETFs is notable because Ethereum ETFs have historically struggled to match Bitcoin’s momentum in attracting capital. The fact that both products are seeing positive flows simultaneously suggests the recovery isn’t limited to Bitcoin; it’s a broader re-engagement with crypto as an asset class.
What this means for investors For investors watching the competitive landscape, the continued dominance of BlackRock and Fidelity products is worth tracking. The earlier $265.7 million inflow day in July shows the capacity for larger moves when conditions align.
A $4 billion monthly outflow in June demonstrates how quickly sentiment can reverse. With Bitcoin trading between $56,000 and $64,000, investors should watch whether the July inflow trend accelerates or fizzles. If daily inflows consistently stay positive and gradually increase, it would mark a meaningful shift in the institutional positioning that drove the June selloff.
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.
A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.
According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
1 minutes ago
The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
1 minutes ago
Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
1 minutes ago
A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
1 minutes ago
A crypto whale bought the dip, acquiring 14,007 ETH valued at approximately $25.18 million.
According to monitoring by OnchainLens, a whale purchased 14,007 ETH at an average price of $1,798, with a total value of approximately $25.1 million.
Bitcoin traded around $64,000 on Friday, with analysts pointing to significant liquidity above current levels that could fuel further upside if bulls maintain momentum.
Notable Statistics:
Coinglass data shows 55,329 traders were liquidated in the past 24 hours for $211.92 million. SoSoValue data shows net outflows of $95.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $52.08 million. In the past 24 hours, top gainers include Audiera, DeXe, and MemeCore. Notable Developments:
Trader Notes:
Trader exitpump noted a sizable number of Bitcoin limit short orders were filled as aggressive buyers pushed prices higher.
The analyst warns that if BTC fails to break above $64,500, late long positions could unwind, triggering a pullback as traders exit overcrowded bullish bets.
Trader KillaXBT said Bitcoin has declined roughly 2.5% on nine consecutive Mondays, making next Monday a key session to watch. If BTC continues consolidating near the $64,000 region, it could push toward $65,000–$66,000 before another pullback.
An earlier breakdown could turn Monday’s peak into a lower high, signaling weakening momentum.
CryptoReviewing explained Bitcoin’s sharp swings over the past three days triggered nearly $960 million in crypto liquidations.
BTC first plunged from $64,100 to $61,500, wiping out $628 million in leveraged positions, before rebounding to $63,300 and then rallying above $64,500, liquidating another $332 million combined. The analyst says $64,500–$67,000 holds the next upside liquidity target.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
1 minutes ago
The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
1 minutes ago
Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
1 minutes ago
A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.
According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.
1 minutes ago
A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
1 minutes ago
A crypto whale bought the dip, acquiring 14,007 ETH valued at approximately $25.18 million.
According to monitoring by OnchainLens, a whale purchased 14,007 ETH at an average price of $1,798, with a total value of approximately $25.1 million.
A closer look at the recent performance of XRP, SHIB, and ETH, along with some price predictions.
Ripple’s XRP has seen a minor resurgence over the past week, mirroring the broader crypto market’s revival. Some analysts believe the token is poised for a major pump, while others remain cautious, warning of a short-term pullback.
Shiba Inu (SHIB) has also stepped into the spotlight thanks to its burning mechanism, whereas Ethereum (ETH) is pushing to break above $1,800 and might be gearing up for a move toward $2,000.
Up or Down for XRP? Ripple’s cross-border token currently trades at around $1.11 (according to CoinGecko), marking only a marginal weekly gain despite several major developments surrounding the company in recent days.
Many commentators on X think a much more substantial upswing could be on the way. Mikybull Crypto described the ongoing price levels as “lifetime opportunity entry” and set a target of over $5.
Crypto Coral noted that XRP is compressing within a triangle pattern, with the valuation reacting sharply from a major support zone. “Structures this large often lead to significant moves once resistance gives way,” the analyst added.
Ali Martinez also gave his two cents. He spotted a potential bearish flag on XRP’s price chart, which could lead to a renewed correction toward $1.04 in the near future.
What’s New With SHIB? The second-largest meme coin continues to struggle in the bear market, suppressed by the broader crypto sector’s decline and waning interest in the meme coin niche.
You may also like: XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade ‘Summer of Ethereum Love’ Gaining Steam, Says Lubin, But When Will ETH Price Follow? Shiba Inu’s ecosystem has also barely shown signs of life lately, as Shibarium’s activity has plummeted, investor enthusiasm has faded, and the team behind the project hasn’t unveiled any meaningful updates.
Among the few rays of hope is the recent resurgence of the burning program. As CryptoPotato reported, the SHIB team and community destroyed nearly 110 million coins on July 8, marking the largest burn in the last six months. Still, the USD value of the amount sent to a null address is negligible and insufficient to trigger a rally in the meme coin.
ETH’s Potential The cryptocurrency took a huge blow last month, with its price slipping to around $1,500. Since then, the bulls have stepped in, and now ETH is trading just south of $1,800.
Not long ago, X user Ted claimed that a decisive breakout above $1,750 could open the door for a jump to $2,000, while Poseidon envisioned an ascent to $2,500 before September.
The growing institutional interest supports the bullish outlook. The spot ETH ETFs recently experienced five consecutive green days for the first time since April, indicating that major investors such as pension funds and hedge funds have increased their exposure to the asset. However, over the past 24 hours, outflows exceeded inflows, thus breaking the positive streak.
Meanwhile, Ethereum is back at $1,800, SOL is struggling to maintain $80, while XRP has defended the $1.10 support.
It was another eventful week in the cryptocurrency markets, dominated by negative news, but BTC has somehow managed to stay afloat and mark some gains.
Recall that bitcoin began its recovery last weekend after it had dipped below $58,000 earlier that week for the first time in nearly two years. However, it quickly rebounded and reclaimed the $60,000 resistance. It kept climbing on Friday and Saturday and tapped $63,300 before it retreated slightly to $62,500 on Sunday.
Monday started on the right foot, with a surge to $64,000 for the first time in two weeks. However, the largest corporate holder of bitcoin announced its second sale in under two months at that point, resulting in immediate chaos. As this one was a lot more significant, with the company offloading over 3,500 units, BTC’s price reacted with a painful decline to $61,200.
Instead of plunging further as it did after the previous sale in early June, though, the bulls stepped up and drove it north to almost $64,800. Another leg down followed in the middle of the week, and BTC slipped to $61,600 as the US and Iran launched new strikes against each other in the Middle East and the POTUS said the MoU between the two is over.
Nevertheless, bitcoin bounced off again as the two warring countries are reportedly setting up new talks. It jumped to $64,500 minutes ago, showing a 3.5% weekly increase. ETH is up by almost 3% in the same timeframe to $1,800, while ZEC, UNI, and BCH have marked even bigger gains. In contrast, SOL, DOGE, RAIN, and XLM are deep in the red.
You may also like: Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In Will $1.4B in Bitcoin Options Expiring Today Move the Market? Bitcoin Is in Deep Value Zone, Yet $53K Drop Cannot Be Ruled Out This Week’s Crypto Headlines You Can’t Miss Why Strategy Selling More Bitcoin May Not Be Bearish After All. Although Strategy’s sale resulted in an immediate nosedive, BTC’s ability to rebound in the following days led to speculation that the move is not as bearish as many thought. This is because it could be a positive step that strengthens confidence in the company’s financial structure.
Ripple (XRP) Scores Major European Win With Full MiCA License. One of the most significant Ripple-related news this week came from Europe as the company received full authorization to operate as a Crypto Asset Service Provider in the Old Continent from Luxembourg’s regulator. This allows it to offer its regulated crypto payments platform throughout the European Economic Area.
Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit. Hoskinson accused Ethereum of copying Cardano’s innovations, particularly in UTXO payment models, without proper acknowledgment. Ethereum’s proposal aims to reduce state storage for payments, drawing from Cardano’s long-established concepts.
Solana (SOL) FUD Hits 2026 High: Why It Could Be a Bullish Twist. SOL’s painful decline over the past week led to a large wave of negative comments online and low trading volumes. However, the analysts from Santiment indicated that such environments typically lead to market reversals and more profound rallies.
Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade. The largest altcoin trades roughly 65% away from its peak, but the upcoming Glamsterdam upgrade could trigger a sharp rebound. Although the social interest remains low, analysts outlined a divergence between steady on-chain usage and weak social media presence that often leads to major price changes.
Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach. The former bitcoin miner accumulated another 42,197 ETH over the previous week and now controls roughly 4.8% of the asset’s circulating supply. Although its unrealized losses are still well into the billions of dollars, it continues to stake more ETH and expects over $200 million in annualized staking rewards.
Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.
BlackRock has transferred 8,700 ETH—valued at approximately $15.81 million—to Coinbase Prime in the latest significant move tracked on the blockchain. According to data from Onchain Lens, the transfer originated from wallets linked to BlackRock’s Ethereum ETF, known by its ticker ETHA, coinciding with escalating outflows from the fund.
Transfer coincided with mounting ETF redemptionsOn the same day, BlackRock’s spot Ethereum ETF, ETHA, saw a net outflow of 7,240 ETH, representing around $12.67 million. This continued a trend of weak capital inflows into Ethereum ETFs, underlining continued pressure on the investment products amid challenging investor sentiment.
BlackRock, one of the world’s largest asset managers, remains under close observation in the cryptocurrency ETF sector. Coinbase Prime, on the other hand, serves as a leading platform offering custody, trading, and execution services tailored to institutional clients navigating the digital asset space.
According to Onchain Lens, 8,700 ETH was moved from BlackRock’s ETHA-linked wallets to Coinbase Prime during the exact period when substantial outflows hit ETHA.
Outflows deepen in Ethereum ETFsData for July 9 shows total daily outflows from spot Ethereum ETFs reaching $52.08 million. The largest single-fund withdrawal was recorded in Fidelity’s FETH. These figures highlight persistently weak short-term investor demand across the sector.
ETF flows have become a key barometer of overall market sentiment in recent quarters. June stood out as a period of heightened redemptions, with Ethereum ETFs seeing $690 million in net outflows—extending the negative streak that began in the first quarter of the year.
ItemAmountBlackRock transfer8,700 ETHTransfer value$15.81 millionETHA daily outflow7,240 ETHETHA daily outflow value$12.67 millionTotal daily Ethereum ETF outflow$52.08 millionNet figure after June$690 million net outflowMarket looks to Q3 signalsFollowing a lackluster first half of the year, investors have begun watching for signals that could shape the remainder of 2026. Historical data suggest that the third quarter has sometimes marked the beginning of recovery phases for Ethereum.
Analytics from CoinGlass reveal that since 2016, Ethereum has averaged an 8.08% return in third quarters, finishing seven out of the last eleven Q3 periods in positive territory. Notably, Q3 of 2025 saw a robust 66.55% surge.
Despite prior years hinting at stronger Q3 trends, investors are cautious, noting that a lack of new catalysts means past performance alone might not be enough to spark a sustainable recovery.
It is repeatedly emphasized that historical results are no guarantee of future outcomes. Over the past 24 hours, Ethereum posted a 2.6% gain, outperforming Bitcoin and climbing to $1,790. This price action fuels ongoing debate about whether ETH can break above its pattern of descending highs and lows.
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.
A sharp divergence is opening up between crypto price performance and the underlying protocol economy. The latest Bitwise market update shows the Bitwise 10 Large Cap Crypto Index dropped 15.4% in the second quarter, with eight of its ten constituents posting negative returns. It marks the third consecutive quarter of losses—the longest such streak since the 2022 bear market.
Yet the same report details a parallel universe of on-chain expansion. Ethereum transaction activity is now roughly 13 times higher than the 2022 bear-market bottom. DeFi total value locked has climbed more than 60%. Stablecoin assets under management have roughly doubled. Prediction market volume hit a record $43.2 billion during the quarter, while tokenized real‑world assets rose 50.3% year to date to $32.89 billion.
The ETF Drain and Where Capital Is Fleeing Spot Bitcoin ETFs recorded their worst quarter of outflows on record, confirming that institutional money has been pulling back. This is not a subtle rotation; it is a historic retreat. Yet while ETF investors step away, the stablecoin settlement engine hums along at 2.3 times the volume of Visa. That signals a crypto‑native user base that is far from idle.
What makes the ETF outflows especially painful is that they arrived after months of regulatory breakthroughs and launched with high expectations. The sheer speed of the reversal caught many allocators off guard. With no comparable demand driver replacing it, price action has leaned heavily negative.
Fundamentals Don’t Care About Quarterly Returns Below the price charts, the expansion is tangible. Tokenized real‑world asset markets, covered in BlockchainReporter’s weekly tokenization roundup, have cracked $32.89 billion, up half in a matter of months. That is real value moving on‑chain, not just speculative leverage.
Ethereum’s transaction surge and the DeFi TVL rebound don’t fit the story of a dying ecosystem. Developer activity remains concentrated on Ethereum and a handful of other chains. According to BlockchainReporter’s latest developer activity analysis, Ethereum continues to lead in active builders, which is rarely the footprint of an asset class in terminal decline.
What the Market Is Watching Next The biggest unknown is whether institutional capital flows can synchronize with on‑chain growth any time soon. ETF redemptions will need a clear macro or policy catalyst to reverse, and that catalyst is not yet obvious. Meanwhile, the stablecoin settlement data suggests that much of the activity is happening outside the ETF wrapper—by users for whom crypto is already payment, yield, and settlement infrastructure.
For traders, the next quarter will test whether the fundamentals‑price gap narrows through a price recovery or through a slowdown in on‑chain activity. Given the record prediction market volumes, at least one part of the market is still betting on event‑driven volatility rather than a quiet summer. The Bitwise figures don’t offer a forecast, but they do make one thing clear: the old bear‑market playbook, where everything sinks together, is being rewritten.
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.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to recent data from Ripple Stablecoin Tracker, Ripple USD (RLUSD) supply on the Ethereum network has shrunk to about $692 million as Ripple continues to adjust the stablecoin's circulating supply through token burns.
At the start of July, RLUSD supply on Ethereum was above $727 million; now this figure has decreased, with millions in Ripple USD burned on the Ethereum network in the last seven days.
$115.4 million was burned on the Ethereum blockchain in the last seven days as seen on the Ripple Stablecoin Tracker website, while $49.3 million was minted in the same timeframe. On July 29 alone, $25.9 million was burned on the Ethereum blockchain while $6.2 million in RLUSD was minted.
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The last 30 days saw significant RLUSD redemptions on the Ethereum blockchain; a total of $369.4 million was burned while $167.6 million was minted.
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On the XRP Ledger, a total of $324.1 million was minted in the last 30 days and $217.6 million was burned. The total circulating supply of the RLUSD stablecoin is currently $1.556 billion.
RLUSD expands footprint on XRP LedgerWith RLUSD supply on Ethereum shrinking to $692 million, XRP Ledger remains ahead, hosting more RLUSD than Ethereum network. RLUSD's footprint on XRP has increased significantly, overtaking Ethereum supply for the first time in June.
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RLUSD in circulation on the XRP Ledger grew from roughly $20 million at the end of 2024 to about $800 million by late June 2026, which is a 40-fold rise, with the largest increase occurring in May and June 2026.
Ripple USD is currently one of the most-traded issued assets on XRP. Its share of all on-chain trading climbed from under 1% to about 12% in 2026, and the RLUSD/XRP pair alone has cleared roughly $900 million over the last six months.
This week, Ripple received authorization of its Crypto Asset Service Provider (CASP) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). The authorization confirms Ripple as fully MiCA-compliant, with its solutions underpinned by XRP and RLUSD made available to financial institutions, corporates and businesses across all 30 countries of the European Economic Area.
Ethereum has staged a notable recovery after defending its recent lows, with buyers gradually rebuilding momentum. While the higher time frames remain constrained beneath major resistance, the lower time frame structure has improved, and on-chain activity appears to be stabilizing following months of cooling network participation.
Ethereum Price Analysis: The Daily Chart On the daily chart, it is evident that ETH continues to trade within a broader bearish structure despite its recent rebound. The asset remains inside the descending channel that has guided the market lower for several months, while both the 100-day and 200-day moving averages continue to slope downward above the current price, which reinforces the fact that the dominant trend is bearish.
Following the sharp decline toward the $1.5K demand zone, buyers stepped in aggressively, triggering a relief rally back toward the key resistance around $1.8K. This area is particularly important as it coincides with the descending channel’s upper trendline, making it a significant confluence resistance.
The RSI has recovered above the midline after previously entering oversold territory, suggesting bullish momentum has improved. However, the indicator has yet to reach overbought conditions, leaving room for additional upside if resistance is broken.
A decisive daily close above the $1.8K resistance could expose the next supply zone around $2.0K to $2.2K, where previous support has turned into resistance. Conversely, rejection from the current area would likely shift attention back toward the $1.5K support, with a loss of that level increasing the probability of another move toward much lower targets.
ETH/USDT 4-Hour Chart The 4-hour frame presents a more constructive picture. Ethereum has established a clear higher low following its breakout from the recent consolidation range above $1.5k, which suggests that buyers have regained short-term control.
The highlighted higher low around the $1.75K region has so far been confirmed, indicating improving market structure. The price is now approaching the $1.8K to $1.85K resistance area, which has capped previous recovery attempts in recent weeks.
Momentum has also strengthened, with the RSI climbing back above the neutral 50 level after cooling from earlier highs. This suggests buying pressure remains intact, although resistance overhead could still trigger temporary consolidation.
As long as ETH continues holding above the $1.7K higher-low region, the short-term bullish structure remains valid. A successful breakout above $1.85K would strengthen the case for an extension toward the $2.K to $2.2K supply zone. Failure to maintain the higher low, however, would invalidate the recent recovery structure and shift focus back toward the $1.64K order block, and even the $1.5k critical rebound zone.
On-Chain Analysis Ethereum’s Active Addresses metric continues to trend lower after peaking earlier in the year. The 30-day EMA of active addresses has been steadily declining, indicating that network participation has cooled significantly compared to previous highs.
Despite this longer-term downtrend in activity, the pace of the decline appears to be moderating, suggesting the network may be entering a stabilization phase rather than experiencing continued deterioration. Historically, periods where active addresses stabilize after prolonged weakness have often coincided with price consolidation before the next major directional move.
At the same time, ETH has managed to recover from its recent lows while active address growth remains subdued. This divergence implies that the current rebound has been driven more by improving market sentiment and positioning than by a broad resurgence in on-chain demand.
For the recovery to evolve into a more sustainable bullish trend, a gradual increase in active addresses alongside continued price appreciation would provide stronger confirmation that capital and user activity are returning to the Ethereum network. Until then, the improving technical structure should be viewed alongside still-muted on-chain participation, suggesting cautious optimism rather than confirmation of a full trend reversal.
Spot Bitcoin ETFs hemorrhaged $95.3 million on July 9, marking one of the sharper single-day outflow events in recent weeks. Ethereum ETFs were not spared either. They snapped a five-day streak of net inflows with $52.08 million in redemptions, according to data from WuBlockchain.
The numbers caught market participants off guard. Bitcoin ETFs had been absorbing capital in uneven pulses, but a near $100 million exit in a single session resets the conversation about institutional conviction. Ethereum products, meanwhile, had quietly built momentum over five consecutive sessions before the spigot reversed.
Where the Money Went July 9’s outflows did not arrive with a single catalyst. Traders pointed to a cocktail of macro caution and profit-taking after Bitcoin failed to reclaim a key technical level earlier in the week. The ETF complex often acts as a sentiment gauge, and days where spot prices stall or slip tend to correlate with redemptions. This time, the scale of the Bitcoin ETF drawdown suggests more than just routine rebalancing.
On-chain fundamentals paint a different picture. Developer activity across major blockchains remains robust, as a recent ranking of blockchains by developer activity shows. While ETF products track price, the underlying networks continue to ship code. That divergence rarely resolves quickly, but it reinforces the view that ETF flows are a narrow slice of crypto’s health.
Ethereum’s Streak Breaks Ethereum ETFs had strung together five days of net inflows before July 9, a welcome change after a tepid post-launch period for many of these vehicles. The $52 million outflow halts that progress. Whether the streak was driven by genuine conviction or tactical positioning remains an open question. Short-term traders may have used the products to play momentum, and once Ethereum’s price stalled near a local resistance, the exit door swung open.
The break in the streak also arrives amid a tense regulatory moment. Banking interests are mobilizing to water down or kill one of the most consequential crypto bills in U.S. history, and that kind of Washington uncertainty often feeds into ETF hesitancy. Institutions do not like binary outcomes, and a high-stakes Senate vote looming on the calendar can turn flow positive to flow negative fast.
What the Outflows Signal One day of heavy outflows does not a trend make, but it does reset the near-term liquidity picture. Market makers and authorized participants watch these numbers closely. A string of redemptions forces them to shed underlying Bitcoin and Ether, potentially adding selling pressure to spot markets. The July 9 figures were not catastrophic, but they were large enough to shift the narrative from steady accumulation to guarded distribution.
Broader institutional behavior complicates the story. While spot ETFs were shedding assets, the tokenization sector continues to attract capital. A weekly tokenization roundup showed real-world assets crossing $20 billion on-chain and major financial firms settling trades on blockchain rails. That suggests institutional money is not leaving crypto, it is simply choosing different wrappers. The ETF product is no longer the only game in town for regulated exposure.
What comes next depends on whether the outflows were a one-off reaction to stalled price action or the start of a broader risk-off posture. The next few sessions will matter. If Bitcoin and Ethereum ETFs fail to reclaim inflows quickly, July could turn into a month where cautious positioning overrides the buy-the-dip mentality that has propped up these products for much of the year.
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.
Data from the Ripple Stablecoin Tracker shows that the supply of Ripple USD (RLUSD) on the Ethereum network has dropped to approximately $692 million. While Ripple continues to control the circulating supply of RLUSD through token burns, there has been a sharp decline in RLUSD’s share on Ethereum in recent weeks.
Continued contraction on EthereumAt the beginning of July, RLUSD supply on Ethereum was above $727 million. Current figures indicate a notable decrease from that level. Over the past seven days, $115.4 million in RLUSD was burned on the Ethereum blockchain, while $49.3 million in new tokens were issued during the same period.
On July 29 alone, the Ethereum network recorded a RLUSD burn of $25.9 million, paired with a new issuance of $6.2 million. Over the past 30 days, a total of $369.4 million in RLUSD was burned and $167.6 million was minted on Ethereum. This pattern shows that redemptions have outpaced new issuance on the Ethereum side.
In the past 30 days, $369.4 million in RLUSD was burned and $167.6 million was newly issued on the Ethereum network.
A summary of the periods reveals the ongoing contraction on Ethereum. In the past seven days, $115.4 million RLUSD was burned with $49.3 million issued. On July 29, RLUSD burns reached $25.9 million, while $6.2 million was minted. Across the most recent 30-day window, total RLUSD burned surpassed total issuance by more than $200 million, signaling a shrinking presence on Ethereum.
Currently, the total circulating supply of RLUSD stands at around $1.56 billion. On the XRP Ledger, the past 30 days saw $324.1 million in RLUSD minted and $217.6 million burned. This allowed the XRP Ledger to consistently maintain a higher RLUSD supply compared to the Ethereum network.
RLUSD’s presence on the XRP Ledger surpassed Ethereum for the first time in June. While RLUSD’s circulating amount was close to $20 million at the end of 2024, by late June 2026 it surged to nearly $800 million. The most significant growth period was recorded in May and June 2026.
Ripple, the US-based technology company known for developing payment infrastructure and digital asset solutions, issues RLUSD as its US dollar-backed stablecoin, which operates on both Ethereum and XRP Ledger.
Soaring transaction volumes and European milestoneRLUSD has rapidly become one of the most actively traded tokenized assets on the XRP Ledger. Its share of overall on-chain transaction volume climbed from under 1% in 2026 to almost 12%. Specifically, the RLUSD/XRP trading pair saw approximately $900 million in transactions over the last six months.
The RLUSD/XRP pair reached nearly $900 million in trading volume over the past six months.
This week, Ripple received authorization as a crypto asset service provider from Luxembourg’s financial regulator, the CSSF. The CSSF is the official entity overseeing Luxembourg’s financial industry. With this approval, Ripple has demonstrated compliance with MiCA (Markets in Crypto-Assets Regulation) and can now offer XRP and RLUSD-powered solutions to financial institutions and corporations across all 30 countries of the European Economic Area.
Glossary: MiCA is the EU’s legislative package for regulating crypto asset markets. CASP refers to the license required to operate as a crypto asset service provider under this framework.
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 Foundation AI Agent Research Shows Where Smart Contracts May Be Heading Next is the kind of crypto story that looks simple at headline level but becomes more useful once you place it inside the wider market backdrop. The important point is not that AI agents will suddenly take over Ethereum tomorrow; it is that developers are already designing the verification layers they would need.
The reason it deserves attention today is not that one announcement or filing magically changes the whole market. It is that the update adds another data point to a sector still trying to work out where capital, users, and regulation are actually moving.
For more details, visit the official Blog platform.
TL;DR Ethereum Foundation research explored architecture for AI agents on mainnet.The work connects autonomous agent design with smart contracts and verification systems.It shows Ethereum researchers are thinking beyond simple transaction execution. Why Ethereum Research Still Matters AI agents need systems that can prove decisions, permissions, and outcomes.
Zero-knowledge proofs and smart-contract controls may help make autonomous actions more auditable.
The hard part with Ethereum research is that the practical payoff often arrives long after the first proposal. That does not make the work less important. It means the market has to separate near-term price noise from the slow process of making the protocol easier to use and harder to break.
The Market Impact Will Take Time Ethereum’s research culture keeps pushing into these edges even before the market knows how to price them.
For readers, the useful lens is whether the idea changes the direction of travel. Ethereum is still trying to improve settlement, verification, and scalability at the base layer, even while layer-2 networks take on more everyday activity.
For NewsBTC readers, the practical takeaway is to avoid treating this as an isolated headline. The stronger read is to connect it with the current market environment: liquidity is still selective, regulatory pressure has not disappeared, and the projects that keep shipping useful updates are the ones most likely to hold attention when the cycle gets noisy.
That does not mean the story should be stretched beyond what the source supports. The cleaner approach is to keep the facts tight, explain the mechanism, and show readers why it may matter if follow-up data confirms the same direction over the next few sessions.
In other words, this is a development to watch rather than a guaranteed turning point. Crypto moves quickly, but the useful signals are usually the ones that still make sense after the first reaction fades.
The important thing for readers is context. A single development rarely defines the market on its own, but a series of source-backed updates can show where momentum is building. That is why this article keeps the focus on the specific mechanism in play, the source behind it, and the reason traders or builders may care today.
This article is based on information from blog.ethereum.org.
This article was written by the News Desk and edited by Samuel Rae.
The Ethereum Foundation‘s Protocol Security team has shared insights from experiments using coordinated AI agents to scan critical components of the Ethereum ecosystem. These efforts demonstrate that AI tools can successfully identify genuine vulnerabilities in protocol-level code, including systems software, cryptographic implementations, and smart contracts essential to network operations.
In one notable case, the agents uncovered a remotely triggerable panic in libp2p’s gossipsub implementation—a fundamental element of the peer-to-peer networking layer supporting Ethereum consensus clients.
This issue has since been publicly disclosed and resolved as CVE-2026-34219, with appropriate credit given to the discovering team.
However, the Ethereum Foundation stresses that the discovery of bugs represents only a small portion of the overall process.
The true challenge lies in triage: distinguishing legitimate vulnerabilities from the numerous false positives that AI systems generate.
Agents often produce reports that appear convincing at first glance, complete with detailed write-ups, proposed severity levels, and even proof-of-concept code.
Yet many of these turn out to be non-issues upon closer inspection, such as crashes limited to debug builds, scenarios unreachable by actual attackers, or proofs that fail to address the intended properties.
To manage this effectively, the team employs a structured, multi-agent workflow inspired by approaches from organizations like Anthropic and Cloudflare.
Agents operate in parallel with specialized roles—reconnaissance to identify testable hypotheses, hunting to develop reproducers, gap-filling to track coverage and avoid redundancy, and independent validation to assess candidates.
Findings must meet strict criteria: a clearly defined target and invariant, a specific breaking mechanism, observable proof of failure, and a self-contained reproducer that works reliably against production code.
This methodology treats agents as powerful search tools akin to advanced fuzzers, rather than infallible oracles.
Every promising candidate undergoes rigorous human-reviewed checks for reachability, attacker cost versus impact, and duplication against known issues.
Acceptance rates vary depending on the maturity and prior auditing of the target codebase, providing valuable signals about code robustness even when few issues are confirmed.
The Foundation notes that AI excels at combining specifications with code analysis, drafting initial reproducers, and suggesting root causes. However, it can falter on complex, multi-step sequences of valid operations or overestimate severity.
Human judgment remains essential for final decisions on validity, duplicates, and disclosure.
Ultimately, AI has shifted rather than eliminated the security research bottleneck.
What was once hypothesis generation and manual exploration now centers on scalable evaluation, reproducible testing, and careful validation at volume.
This evolution allows broader coverage than traditional methods alone while reinforcing the irreplaceable role of expert oversight.
As tools advance rapidly, maintaining disciplined practices around provenance, determinism, and minimal scripting will be key to trustworthy outcomes. The Ethereum Foundation views this as a worthwhile trade-off, enabling deeper protocol scrutiny as long as triage and human accountability stay at the forefront.
Ethereum likes to bill itself as the world’s decentralized computer. But according to research from the Cambridge Centre for Alternative Finance (CCAF), nearly a third of that computer lives in one country, and a lot of it runs on Amazon’s servers.
The CCAF found that 31% of global Ethereum beacon node activity is based in the United States, with infrastructure heavily clustered on three cloud providers: Amazon Web Services (AWS), Hetzner, and OVH.
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The cloud concentration problem Ethereum currently boasts more than 880,000 validators, a number that has grown substantially since the network’s transition to proof-of-stake during the Merge in September 2022. In earlier analyses from 2022, AWS alone was found to host over 50% of Ethereum nodes. The reliance on three major cloud providers, AWS, Hetzner, and OVH, means that over two-thirds of total node share has at times been concentrated among just those platforms.
Historical data from the CCAF makes the trend clearer. As recently as November 2023, the US accounted for 37.2% of Ethereum nodes. Europe hosted 43.3%, and North America broadly represented 40.5%. The current 31% figure for US-based beacon node activity suggests some geographic redistribution has occurred.
Why jurisdiction matters more than you think The CCAF dashboard explicitly emphasizes the need for greater geographic distribution to improve network security and resilience. Cloud providers experience outages, and when a large portion of Ethereum’s validator set depends on the same underlying infrastructure, a routine cloud outage becomes a potential network stability event.
What this means for investors The network’s security model assumes a distributed validator set. The growth to over 880,000 validators post-Merge reflects genuine adoption of the staking model, but the concentration creates tail risks. Price stability could be affected if a major provider disruption or regulatory action suddenly took a significant percentage of validators offline.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP price climbed 1.27% to $1.10 as the wider cryptocurrency market recorded renewed gains during active Friday trading. Bitcoin price rose 1.48% to $64,002, while Ethereum advanced 3.03% to $1,790.
The overall crypto market rose by 1.54% to reach 2.19 trillion. The focus now shifts to the CLARITY Act in July.
CLARITY Act Moves Closer to Senate Action H.R. 3633 was passed by the House on July 17, 2025 and received 294 votes in support. Another 134 representatives opposed the measure.
The bill intends to have a national framework on the trading, supervision, and protection of digital assets. It also divides regulatory duties between the SEC and CFTC.
The Senate Banking Committee advanced the proposal on May 14, 2026, through a 15-9 vote. That vote brought the bill further towards Senate action.
In the case of XRP, increased regulation might lessen ambiguity regarding the classification of tokens and trading. An increased legal certainty can lead to institutional participation also.
July Timeline Could Drive XRP Price Momentum The Senate comes out of recess on July 13, which is another procedural action opportunity. However, lawmakers still face disagreements over important provisions.
Discussions involve ethics restrictions, stablecoin rewards, federal preemption, and anti-money-laundering requirements. Such problems may postpone a final vote or oblige changes.
A procedural vote may occur between July 13 and July 17. House-Senate reconciliation can occur during July 20-24.
In case both chambers vote in favour of the same text, the bill might end up in the hands of President Donald Trump before August. The loss of that window would delay till September.
🚨 #CLARITY Act Faces Fresh Scrutiny
Senate Democrats are calling for hearings into President #Trump’s crypto holdings, arguing his reported #crypto earnings raise conflict-of-interest concerns ahead of the expected release of the #CLARITYAct draft.
The ethics provision remains… pic.twitter.com/CLpnbnZcwG
— CoinGape (@CoinGapeMedia) July 10, 2026
A successful Senate push may strengthen XRP confidence this month. Nevertheless, the direction of prices will be determined by the market volume, stability of Bitcoin, and the resistance in the vicinity. Favourable development would appeal to purchasers of regulatory confidence.
XRP Price Outlook: Can Bulls Break Above $2 This Month? The price of XRP was trading close to $1.1013 on Friday after receiving support at about $1.07. The four-hour chart depicts that buyers are back but the momentum is still weak below the resistance level of $1.12.
The relative strength index stood at 47.48, which is slightly below the 50 mark of neutrality.
The MACD histogram became positive at 0.0018, indicating that bearish pressure might be declining. The MACD line has also crossed the signal line, indicating a potential recovery effort.
Tradingview An established break over $1.12 may pave the way to the next resistance at $1.15. Further purchases above $1.15 will put the $1.20 level into reach.
Conversely, the downside is that $1.07 is the most important level that safeguards XRP against a further fall. The next target might be seen at $1.05, with a four-hour low below that support. Continued selling may then pull XRP price toward the psychological $1.00 level.
XRP ETF Assets Near $1 Billion as Cumulative Inflows Hit $1.48 Billion According to SoSoValue data, XRP exchange-traded products showed no net inflows in a single day on July 9. Cumulative inflows were also at $1.48 billion with total net assets standing at $989.46 million. Bitwise dominated the market as the market leader with net assets of $308.15 million.
Source: Sosovalue data Canary trailed by $252.97 million, followed by Franklin at $249.54 million. The aggregate trading value was $6.87 million, indicating a low turnover in XRP products.
@BlackRock moved 8,700 $ETH worth approximately $15.81 million from wallets linked to its spot Ethereum ETF to Coinbase Prime on July 10, according to on-chain data flagged by Onchain Lens. The transfer drew attention because it coincided with a notable reversal in ETF fund flows.
ETHA Posts Outflows as Five-Day Streak Ends According to data from SoSoValue, BlackRock's ETHA ETF saw outflows of approximately $12.67 million on July 9, coinciding with the on-chain movement from its ETF-related wallets to Coinbase Prime.
U.S. spot Ethereum ETFs recorded a net outflow of $52.2 million on July 9, bringing an end to a five-day consecutive inflow streak, according to data from Farside Investors. Fidelity's FETH led the day's declines with $34 million in net outflows, while BlackRock's ETHA contributed $12.7 million to the total.
The timing of the on-chain transfer adds context to the outflow figures. When an ETF records net redemptions, the fund manager typically needs to liquidate a portion of the underlying asset. Moving ETH to a custodial exchange such as Coinbase Prime is consistent with that process, though BlackRock has not publicly commented on the specific transaction.
Broader ETF Context The July 9 reversal follows a brief period of recovery for Ethereum ETF products. Spot Ethereum ETFs had attracted $70.48 million in net inflows on July 8, extending a positive streak to five consecutive trading days. The abrupt swing to outflows the following day underlines how sensitive institutional flows remain to short-term market conditions.
The volatility in daily flows is consistent with the early stages of ETF adoption, where investor positioning remains reactive to broader market conditions and macroeconomic signals.
Despite the single-day setback, the broader narrative of institutional interest in Ethereum remains intact, with ETHA continuing to attract more capital over time than most competing spot ETH products.
Sources:
U.Today: BlackRock Moves 8,700 Ethereum to Coinbase: Why Traders Are Watching
BitcoinWorld: Spot Ethereum ETFs Snap Five-Day Inflow Streak With $52.2 Million in Daily Outflows
Blockonomi: Bitcoin ETFs Log $84.9M in Outflows as Ethereum Funds Extend Inflow Streak
Stephen Suttmeier, former Head of Technical Strategy at Bank of America, believes Ethereum could be forming a “tactical bottom.”
In his recent analysis report, Suttmeier said that if the price stays above $1690-$1700, it would support his thesis of the altcoin forming a tactical low above its June lows. Another confirmation for this bottoming pattern would be a reclaim of $1800.
His projection was based on technical analysis, particularly using moving averages (MA) to gauge short- and long-term momentum shifts. As of press time, the Ethereum [ETH] price has briefly stalled below the 50-day MA (DMA).
Should the 50DMA be decisively reclaimed as support (ETH price above $1800), the next upside target would be the 200-day MA(blue line) at $2.2K, Suttmeier added. That would imply a 25% upside potential if the $2.1K obstacle is cleared.
Source: ETH/USDT, TradingView In fact, even Bitmine Immersion Technologies chairman and Fundstrat’s Tom Lee shared Suttmeier’s analysis, implying that he supported his projection.
Well, if there’s no bearish catalyst in the short term, the ETH daily chart leaned more toward a potential bullish reversal. It had formed a double bottom reversal pattern after the price slipped below $1600 twice in the past few weeks.
But some on-chain metrics were not as bullish on ETH as price charts suggested.
Ethereum’s exchange sell pressure is still high CryptoQuant reported a 6% surge in exchange selling pressure in the past few days as ETH attempted a rebound. Over 220K Ethereum [ETH] hit exchanges, slowing the relief rally near $1800.
Source: CryptoQuant And the whales were notably reducing exposure during the relief rally. As such, the brief stalling below $1800 did not come as a surprise. As of writing, the whale sell-off had not tapered off.
In fact, the exchange selling pressure has been steadily rising since March. Hence, if the pressure persists, the ‘tactical bottom’ outlook could be invalidated.
Can ETF flows and macro risks derail ETH? Apart from the whale pressure, the U.S. Spot ETF demand, which significantly boosted the early July relief recovery, has turned negative.
After seeing net inflows for five straight days, the trend broke on Thursday after the products posted a $52M net outflow. The risk-off move was triggered by renewed Iran-U.S escalations and bond market jitters.
Source: SoSo Value Overall, ETH was on the verge of flipping its short-term momentum to bullish if it decisively stays above $1800. A 25% upside potential could be feasible if such a scenario plays out. But macro and geopolitical pressures remained at large and could affect bulls.
Final Summary ETH could hit $2100 and offer a 25% potential gain if $1800 is decisively reclaimed. Macro and geopolitical pressure could invalidate the bullish outlook, especially if the U.S-Iran escalations deepen
Bitmine Immersion Technologies just scooped up another 20,500 ETH for approximately $35.92 million, pushing its total Ethereum stash to around 5.7 million tokens. That’s roughly 4.8% of Ethereum’s entire circulating supply, held by a single publicly traded company.
The over-the-counter transaction, executed with Galaxy Digital on or around July 10, puts Bitmine within striking distance of its stated goal: owning 5% of all ETH in existence. The company calls this strategy the “Alchemy of 5%.”
From mining rigs to Ethereum vaults A year ago, this was a Bitcoin mining operation. By mid-2025, the company had pivoted entirely, repositioning itself as the largest public Ethereum treasury vehicle on the market.
Under CEO Tom Lee’s direction, the NYSE American-listed company (ticker: BMNR) has been systematically buying ETH on a weekly basis throughout 2026, with a particular fondness for purchasing during price dips.
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This latest buy is actually modest by Bitmine’s recent standards. Previous weeks have seen the company snap up anywhere from tens of thousands to over 100,000 ETH in single transactions. A $36 million purchase barely moves the needle when your treasury is valued near $10 billion.
The financial architecture behind the accumulation Bitmine hasn’t been funding this buying spree with pocket change. The company launched preferred shares (BMNP) in mid-June 2026, offering investors a 9.5% annual dividend paid on a weekly basis.
Beyond pure accumulation, Bitmine also operates MAVAN, an institutional ETH staking platform. This means the company isn’t just sitting on its Ethereum — it’s putting a portion to work, earning staking rewards that provide additional yield on top of any price appreciation. The firm maintains BTC and cash reserves as well.
Tom Lee has described the current market environment as the early stages of a “crypto spring,” with his conviction resting on what he sees as improving fundamentals within the Ethereum network itself.
What this means for investors Every ETH that Bitmine buys and holds is one less token available on the open market. At 5.7 million ETH and growing, that’s a meaningful amount of supply being locked away.
Bitmine’s stock has effectively become a leveraged bet on Ethereum’s price. Investors who can’t or won’t hold ETH directly now have a regulated equity instrument that tracks Ethereum exposure, complete with dividend payments from the preferred shares.
A single company holding 4.8% of any asset’s supply creates concentration risk that cuts both ways. If Bitmine ever needs to liquidate — whether due to financial stress, regulatory pressure, or a strategic pivot — the selling pressure on a $10 billion treasury could be severe.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
