Stablecoins are, undoubtedly, the main operating assets in digital finance. Visa’s stablecoin analytics dashboard showed more than $51 trillion in total transaction volume over the past 12 months.
Meanwhile, TRM Labs estimated stablecoins at 30% of all on-chain crypto transaction volume in 2025. This one asset category carried almost one-third of tracked crypto value movement, while Bitcoin and all other altcoins together accounted for the remaining share.
Almost every blockchain activity today runs through these dollar-pegged assets, whether it’s trading, treasury movement, or cross-border settlement.
So, stablecoins are arguably the most explosive asset class in terms of growth. What’s the next phase? As with any financial product, its adoption. And that can only happen through local-currency settlement, regulated access, and payment use cases tied to national economies.
In the UAE, this is already happening.
Not enough people are paying attention to what just happened in the UAE.$DDSC – a regulated, dirham-backed stablecoin – is now live on ADI Chain, approved by the Central Bank of the UAE.
Every transaction on ADI Chain needs $ADI for gas.
Now think about the UAE processing… https://t.co/OOtC1sS7vJ
— Sjuul | AltCryptoGems (@AltCryptoGems) February 12, 2026 UAE’s Financial Future is Running on Stablecoins Chainalysis estimated more than $56 billion in crypto value received by the country during its 2024 to 2025 reporting window, up 33% year over year, with institutional transfers driving a large share of activity and merchant services expanding across smaller retail transaction sizes.
On July 3, 2026, DDSC, the UAE dirham-backed stablecoin developed by International Holding Company, First Abu Dhabi Bank, and Sirius International Holding, received approval from the Central Bank of the UAE to partner with selected exchange platforms regulated by Dubai’s Virtual Assets Regulatory Authority.
The approval gives DDSC a regulated route from institutional settlement into wider market access, allowing users to access, buy, and redeem a dirham-backed stablecoin through compliant exchange channels.
UAE Stablecoin Adoption Stats A Dirham Stablecoin for a Dollar-Dominated Market Most stablecoin liquidity today remains tied to the US dollar. This gives global crypto markets deep liquidity and a familiar settlement currency, while domestic payment use cases still depend on conversion, exchange access, and banking relationships.
DDSC brings a local-currency option into the UAE’s own monetary environment. Pegged 1:1 to the UAE dirham and settled on ADI Chain, the token gives users a digital asset denominated in AED instead of forcing local commerce into dollar units.
This distinction is important for payment adoption because UAE shoppers, merchants, suppliers, and treasury teams all price everyday obligations in dirhams.
A stable asset in AED can keep pricing and settlement aligned while adding blockchain settlement speed, programmable payments, and 24/7 availability.
The UAE has already built much of the regulatory base around this category:
The Central Bank’s Payment Token Services Regulation created a framework for stablecoin-related services, including issuance, conversion, custody and transfer. VARA maintains a public register of licensed Virtual Asset Service Providers in Dubai, including platforms authorized for exchange services. DDSC connects these two regulatory channels. Central Bank approval covers the payment-token side, while access through selected VARA-regulated platforms gives users a familiar exchange route into the asset.
From Treasury Flows to Everyday Payments DDSC entered the market with an institutional focus. Since launch, IHC says it has processed more than AED 150 million in transactions. In May 2026, IHC executed an AED 110 million DDSC transaction on ADI Chain, presented as one of the region’s largest disclosed stablecoin transactions.
DDSC is more than able to support high-value settlement. The new approval, therefore, adds distribution, giving individuals, merchants, and businesses a route to acquire and redeem the asset through regulated exchange platforms.
DDSC is left with a more complete adoption path. Large transactions can prove settlement capacity, while exchange availability can bring the asset into daily commercial use. The first phase demonstrated settlement readiness, and the next phase focuses on availability through licensed venues.
VARA-Regulated Platforms and Compliance Control The approval applies to selected exchange platforms regulated by VARA, giving DDSC a controlled rollout through licensed channels and keeping access aligned with the UAE’s compliance framework.
For context, VARA oversees virtual asset activity in and from Dubai, excluding the Dubai International Financial Centre. Its public register lists licensed Virtual Asset Service Providers and the activities each provider is authorized to offer, including exchange services, broker-dealer services, custody, lending and investment management.
Indeed, stablecoin payments touch redemption confidence, merchant settlement, AML controls, custody, user access, and financial institution requirements. Exchange access through regulated platforms helps combine these requirements within a market structure users already understand.
DDSC’s rollout also shows how the UAE is separating regulated payment tokens from general crypto assets. Bitcoin, Ethereum, and volatile tokens continue to serve trading and investment use cases, while stablecoins such as DDSC are designed around payment value, redemption, and settlement.
This gives businesses a more suitable instrument for pricing, invoices, supplier transfers and customer payments.
A View Toward Merchant and Business Payments IHC said the stablecoin can support everyday payments once available through selected regulated platforms, including shoppers paying merchants, businesses settling with suppliers and transfers between people.
Retail customers want fast payments, merchants want predictable settlement, and businesses want lower operational friction across invoices, treasury, and cross-border counterparties. There is no doubt that stablecoins can support these flows when they combine price stability, reliable redemption, and regulatory acceptance.
DDSC’s AED designation gives it a local advantage. A UAE merchant accepting a dollar stablecoin still faces accounting and FX conversion work. A dirham-backed token fits local pricing more naturally, while on-chain settlement can reduce delays linked to banking hours and intermediary processing.
A Local Currency Asset for the UAE Digital Economy The UAE has spent years building a regulated digital asset environment across Abu Dhabi, Dubai and federal authorities. DDSC adds a local-currency payment asset to this environment, backed by major UAE institutions and aligned with the Central Bank’s payment-token framework.
DDSC’s growth ultimately depends on platform availability, merchant acceptance, redemption experience and business integration.
Even so, its Central Bank approval to partner with selected VARA-regulated exchange platforms brings the UAE dirham further into on-chain finance and gives the country’s digital asset market a regulated payment token built for domestic use and future regional settlement.
TLDR: Ethereum price forecast remains focused on the $1,800 zone, where about 4.30 million ETH previously changed hands. ETH could target $1,980 and $2,079 if buyers reclaim the high-volume resistance area with stronger spot demand. Binance ETH reserves have increased since late June, raising concerns about more available supply on the exchange. Derivatives data has improved, but flat open interest shows the latest ETH rebound is not mainly leverage-driven. Ethereum price forecast remains locked around the $1,800 level as buyers attempt to reclaim a major resistance zone. ETH recently traded near $1,780 after a sharp rebound from late-June lows. The move has improved short-term sentiment, but the structure still lacks broad confirmation.
Roughly 4.30 million ETH changed hands near $1,800, based on the UTXO Realized Price Distribution data. That makes the level a major supply area. A clean reclaim could open a move toward $1,980 and $2,079. A rejection may expose thinner volume below, with the next support baseline near $1,237.
Ethereum Is Entering a Distribution Phase
“Recent rebound lacks structural confirmation from largest participants. For a healthier setup, we would need to see reserves stabilize or decline, alongside a return of whale-sized orders.” – By @MorenoDV_ pic.twitter.com/lw4o21VjgK
— CryptoQuant.com (@cryptoquant_com) July 7, 2026
Ethereum Price Prediction Faces the $1,800 Supply Wall Ethereum price prediction now depends on how ETH reacts near the $1,800 resistance band. The zone has become important as both volume profile data and moving averages align near the same area.
ETH also faces pressure from the 50-day exponential moving average near $1,806. The 100-day EMA sits higher near $1,970, close to the next major upside target. This keeps the recovery below the medium-term structure for now.
Source: TradingView The daily chart shows a constructive but incomplete recovery. The RSI near 57 points to improving momentum, but it does not confirm a full bullish shift. The stochastic reading near 86 also shows that short-term upside could be stretched.
Immediate support sits near $1,741, followed by the 20-day EMA around $1,713. Deeper support levels stand near $1,524 and $1,405 if sellers regain control. A larger breakdown would bring the $1,156 area back into focus.
Ethereum price prediction would turn stronger if ETH closes above $1,806 with rising demand. The next upside levels would then sit around $1,909, $2,018, $2,108, and $2,211.
ETH Price Signals Show Demand Is Still Selective Binance ETH reserves have increased from 3.64 million to 3.87 million since late June. That marks an increase of about 221,000 ETH, or 6.1%. Rising exchange reserves can point to higher potential sell-side liquidity.
The order-size data adds a cautious signal. ETH Average Order Size has moved into “Whale Left” territory, according to CryptoQuant analysis. That suggests larger participants are reducing their market footprint.
ETH Average Order Size . Source: CryptoQuant This creates a weaker setup beneath the recent rebound. More ETH is available on Binance, while whale-sized demand has not returned strongly. Ethereum Price Forecast therefore remains sensitive to any failed breakout near $1,800.
Derivatives data looks more positive, but it does not show excessive leverage. Ethereum has gained about 14% since Net Taker Volume turned positive on June 28. Positive Net Taker Volume signals stronger buying pressure in perpetual markets.
Open interest has stayed mostly flat across the rebound. The estimated leverage ratio has also failed to rise sharply after its June decline. That suggests the move is not driven by aggressive leveraged longs.
This lowers the risk of a major long squeeze, but it also shows caution among traders. ETH needs stronger spot demand and whale participation to confirm a healthier trend. Meanwhile, US spot ETH ETFs have recorded three straight days of net inflows, adding some support to sentiment.
Ethereum recovery is entering its first meaningful test as buyers face a concentration of both technical resistance and on-chain supply.
The altcoin rebounded from $1500 and is moving back towards the highlighted supply zone, where sellers who were earlier defending higher prices are still holding ground.
Source: ETH/USD on TradingView Sellers hesitate not just because of technical resistance.
According to CryptoQuant data, reserves at Binance have climbed to 3.893 million ETH.
More to that, OKX continues receiving fresh inflows, so there is more ETH immediately available for sale.
Moreover, Bitfinex reserves have fallen from 2.7 million to 2.2 million ETH. This shows that accumulation exists while remaining concentrated. The $1800 level overlaps one of Ethereum’s largest cost basis clusters.
As a result, many holders are near breakeven, and they sell into strength as investors want to exit positions.
Unless fresh demand absorbs this overhead supply and recaptures $2000, recovery risks slowing before profitability returns broadly.
Assessing Ethereum’s demand base Ethereum’s recovery increasingly depends on who is absorbing the growing supply returning to the market. Exchange inflows continue adding sell-side liquidity, yet institutional demand is preventing that pressure from fully dominating price action.
Meanwhile, according to Coinglass data, recent liquidations exceeding $130 million highlight how sensitive market positioning remains as buyers and sellers continue competing around key resistance levels.
Spot ETH ETFs have attracted just under $11 billion in net new capital.
Additionally, whales and corporations are buying in larger numbers. However, staking now locks up over 30% of all ETH currently in existence. This thereby eases the initial supply shock associated with distributing some of this newly unlocked ETH.
Source: Farside Nevertheless, the fact that both Coinbase Premium and Spot CVD remain muted suggests a lack of broad-based spot engagement.
Investor sentiment toward exiting has also been reinforced by recent SOPR readings, which have indicated that investors generally still exit at or slightly above break-even.
Therefore, for Ethereum to absorb additional overhead supply and support further gains, stronger, more coordinated investor demand must materialize.
Final Summary Ethereum [ETH] must overcome heavy overhead supply to confirm a sustained recovery above key resistance. Ethereum needs stronger spot demand to absorb exchange supply and support a breakout above $2,000.
Ethereum is showing signs of recovery after rebounding from its late-June lows, currently seeking direction around the $1,800 zone. At the latest trading sessions, ETH has hovered near $1,780 as buyers attempt to reclaim a significant high-volume resistance area. Although short-term sentiment has improved compared to previous days, analysts say a broader bullish confirmation has yet to emerge.
The $1,800 zone comes into focusOn-chain price distribution data reveals that approximately 4.3 million ETH changed hands around the $1,800 level. This heavy trading history establishes this zone as a significant supply barrier. If Ethereum sustains gains above this threshold, targets of $1,980 and $2,079 could come into play. On the flip side, a rejection at this level could leave Ethereum exposed to further downside, with the $1,237 region standing out as the next major support.
According to CryptoQuant analyst Moreno, the latest rebound has not received structural support from large investors. Moreno points out that for a healthier outlook, exchange reserves should flatten or decline, and whale-sized orders need to resurface.
Technically, the 50-day exponential moving average is currently positioned near $1,806, representing a key short-term resistance level. The 100-day exponential moving average sits around $1,970, suggesting that the medium-term recovery lacks firm momentum so far.
Mini glossary: UTXO Realized Price Distribution is an on-chain metric that shows how much of an asset was transacted at different price levels. It helps identify zones where cost accumulation is significant and pinpoints potential support or resistance areas.
On the daily chart, the Relative Strength Index (RSI) stands at 57. While this indicates some momentum improvement, it stops short of providing a strong confirmation for a sustained upward trend. Meanwhile, the stochastic indicator has climbed to 86, suggesting that Ethereum may be temporarily overextended in the short term.
Support and upside targetsInitial support is seen at $1,741, with the 20-day exponential moving average nearby at $1,713. Should selling pressure increase, traders are watching $1,524 and $1,405 as deeper support levels. In a steeper decline, the $1,156 zone may become relevant again.
Level typeZoneMain resistance$1,800Short-term barrier$1,806Upside targets$1,980 and $2,079Initial supports$1,741 and $1,713If demand strengthens and ETH closes consistently above $1,806, further resistance levels at $1,909, $2,018, $2,108, and $2,211 will be under watch for additional upward movement.
Binance reserves rise as demand remains selectiveSince the end of June, Ethereum reserves on Binance have increased, causing caution about potential added supply in the market. The exchange’s ETH holdings grew from 3.64 million to 3.87 million, marking a rise of roughly 221,000 ETH or 6.1%. Binance is among the largest cryptocurrency exchanges worldwide by trading volume.
CryptoQuant data indicates that the average order size has shifted toward regions where whale participation is weaker. This trend shows that large investors played a limited role in the latest rebound. While more ETH is present on exchanges, robust high-volume buying has not returned, making breakouts around $1,800 more delicate.
Despite improvements in the derivatives market, open interest remaining flat suggests that Ethereum’s latest rise is not primarily driven by leveraged positions.
Since net long volumes turned positive after June 28, ETH has gained about 14%. However, open interest stayed mostly flat during the recovery, and there was no sharp uptick in estimated leverage ratios after the June drop. This setup indicates that the upside move is not fueled by excessive leveraged long positions.
While this reduces the risk of a major long squeeze, it also signals that investors are remaining cautious. For a more sustainable rally, stronger spot demand and renewed participation from major investors are considered necessary. The fact that US spot ETH ETFs recorded three consecutive days of net inflows has only provided limited improvement in overall market sentiment.
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.
According to OnchainLens monitoring, Cumberland transferred $4 million in USDC to Hyperliquid early this morning. The account currently holds total long and short positions worth $70.38 million: 86.37% of the position is allocated to shorting major cryptocurrencies including Ethereum, Bitcoin, and SOL, as well as key US equities, while 13.63% is used for long positions in indices such as the S&P 500. The account has accumulated a profit of $33.27 million.
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Tom Lee’s Ethereum conviction heading into Q3 is starting to look like a well-timed move.
For context, BitMine Immersion recently added another 42,197 ETH, taking its holdings to more than 5.74 million ETH.
On the other hand, Michael Saylor’s Strategy sold 3,588 BTC, setting up an interesting ETH vs. BTC treasury debate as Q3 gets underway.
Notably, this debate isn’t just playing out on social media.
As the chart below shows, the ETH/BTC ratio has opened Q3 with a nearly 5% rally after three straight losing quarters. That suggests ETH is beginning to regain relative strength against BTC, supporting Tom Lee’s decision to keep accumulating Ethereum.
Source: TradingView (ETH/BTC) However, Tom Lee’s conviction isn’t based on hope alone.
In a recent post on X, BitMine said the improving odds of the CLARITY Act are the main reason behind its growing ETH position.
According to the company, prediction markets now put the odds of the CLARITY Act passing at around 50%, the highest level in two weeks. BitMine argues that regulatory clarity would be a major catalyst for Ethereum, as smart contract platforms become more integrated into everyday finance.
So, from BitMine’s perspective, the recent rise in the ETH/BTC ratio simply reflects the market assigning a higher probability to the CLARITY Act becoming law.
Naturally, the bigger question now is whether that repricing has further to run. Can ETH continue outperforming BTC through the rest of Q3, or is BMNR’s bullish Ethereum [ETH] thesis getting ahead of the fundamentals?
Can Ethereum stay ahead as Bitcoin regains momentum? BitMine’s ETH accumulation is built around Ethereum’s long-term DeFi story.
But the on-chain data suggests that the narrative hasn’t fully played out yet.
According to DeFiLlama, Ethereum’s DeFi activity remains well below previous highs. Total value locked (TVL) is still under $40 billion, compared with around $89-90 billion before the October correction.
At the same time, Ethereum has started Q3 with its stablecoin supply down by more than $5 billion from roughly $160 billion at the end of June.
In other words, the market is pricing in the CLARITY Act before Ethereum’s on-chain fundamentals have caught up.
Adding to the challenge, BlackRock has resumed buying Bitcoin, recording more than $209 million in net inflows after 11 straight days of selling. The move signals renewed confidence in BTC at a time when ETH’s on-chain fundamentals are still lagging.
Source: SoSoValue Against this backdrop, Tom Lee’s ETH thesis looks increasingly ambitious.
Despite Strategy selling BTC, Bitcoin has continued to hold around $64k, suggesting BlackRock’s buying was enough to absorb the supply. That leaves the ETH vs. BTC treasury debate finely balanced, with Ethereum backed by policy optimism while Bitcoin continues to benefit from strong institutional demand.
As a result, the edge still leans toward Bitcoin.
ETH/BTC has rallied on CLARITY “expectation”, but Ethereum’s on-chain activity hasn’t followed through. Bitcoin, meanwhile, is seeing fresh institutional inflows. Unless Ethereum’s DeFi metrics begin to recover, sustaining ETH/BTC’s early Q3 momentum could prove difficult.
Final Summary ETH/BTC is rallying on CLARITY Act optimism, but Ethereum’s DeFi activity hasn’t caught up yet. BlackRock is buying BTC again, giving Bitcoin stronger support and making it harder for ETH/BTC to keep outperforming in Q3.
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CryptoQuant cited on-chain data, reporting that on July 7, Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network. This marks the largest single burn on the network since February this year, exceeding the $2 billion burn on May 8, and second only to the all-time high of $3.5 billion recorded on February 10. Meanwhile, the USDT balance flowing into and out of Binance via the Tron network dropped to roughly $806 million, its lowest level since December 29, 2025 (when it hit $391 million), falling below the $1 billion threshold and signaling a significant contraction in USDT liquidity on Binance’s Tron channel. The large-scale burn by Tether Treasury primarily reflects redemption, fund management, or cross-chain rebalancing operations rather than a direct market signal. However, the synchronized contraction of Ethereum’s USDT supply and Binance’s Tron liquidity is worth ongoing monitoring, as market participants will watch whether the liquidity of dual-chain stablecoins continues this concurrent tightening trend.
3 minutes ago
CASHCAT's market cap briefly topped $98 million, surging over 11-fold in 24 hours.
According to GMGN market data, the market capitalization of CASHCAT, a meme coin on Robinhood’s chain, has continued its rally, briefly crossing $98 million before pulling back to $92.47 million, surging over 11 times in 24 hours. CASHCAT was originally the mascot of Robinhood’s U.S. stock app before being rebranded as Robinhood. On July 1 this year, Robinhood launched its own Layer 2 (L2) public chain, Robinhood Chain, focusing on on-chain finance and real-world assets (RWA). Vlad Tenev, co-founder and CEO of Robinhood, posted on X today that while the company is building Robinhood Chain into the best public chain for real-world assets (RWA), it is also “very suitable for trading meme coins.” BlockBeats reminds users that most meme coins have no intrinsic value and are highly volatile, so trading them requires caution.
3 minutes ago
Iran announces its initial response to the US: Strikes 85 key US military facilities
The Islamic Revolutionary Guard Corps (IRGC) of Iran issued a statement accusing the U.S. of repeating its treacherous habitual practices, claiming U.S. forces launched airstrikes on multiple coastal bases and civilian facilities in Hormozgan Province and the Mahshahr coastal region in the early hours of today, blatantly violating the ceasefire agreement and trampling on the Islamabad Memorandum of Understanding. In an initial response to the aggression, the IRGC Navy and Aerospace Force conducted a joint missile and drone operation, destroying 85 key U.S. military facilities located at Salman Port, the U.S. 5th Fleet base in Bahrain, and Kuwait’s Ali Al Salem Air Base. An enemy MQ-9 drone that attempted to interfere in the operation was also shot down. Separately, U.S. President Donald Trump posted a video titled "U.S. Strikes Iran" on social media, which showed ground targets being hit, with flames and smoke rising against the night sky. Trump provided no text commentary for the video, but later reposted it with a netizen’s post attached. The post read: "Breaking News: Massive Strikes on Iran." Earlier U.S. sources reported that Trump, who was attending the NATO summit in Turkey, had approved the plan to strike Iran and issued the strike order.
3 minutes ago
US CFTC sues crypto commodity pool operator Trevor Vernon, alleging $14.8 million in investment fraud.
On Tuesday, the U.S. Commodity Futures Trading Commission (CFTC) sued Trevor Vernon and his company Argent Capital Management, accusing them of operating a commodity pool involving stock index futures, options, and crypto assets from March 2022 to February 2026. They raised approximately $14.8 million from at least 60 investors while falsely advertising investment performance, allegedly committing investment fraud. The CFTC stated that the related trades caused investors to lose over $8.6 million. Vernon not only concealed the losses but is also suspected of misappropriating around $3 million to pay returns to investors, with the operation being "similar to a Ponzi scheme", and embezzled $136,000 for private air travel. The regulator also noted that the trades involved commodities such as Bitcoin and Ethereum, and requested the court to order them to cease relevant trading and registration activities, as well as recover illegal proceeds, impose civil penalties, and compensate investors.
3 minutes ago
Despite the plunge in chip stocks, global institutions are snapping up SK Hynix ahead of its blockbuster Nasdaq listing.
SK Hynix’s roughly $28 billion American Depositary Receipt (ADR) offering was oversubscribed several times ahead of pricing, with around 1,000 institutional investors taking part in roadshows, drawing strong subscriptions from global long-term funds and tech investors. If completed smoothly, the offering will rank among the largest U.S. listings by a foreign company, with the chipmaker set to debut on the Nasdaq Global Select Market this Friday. Despite recent sharp volatility in the global semiconductor sector, SK Hynix’s stock has declined around 17% this month, yet institutional subscription enthusiasm has not been materially impacted. Market observers note that U.S. investors have relatively limited investment access to the South Korean memory chip leader, and the scarcity premium plus long-term growth prospects tied to AI remain key supports for the offering. Jung In-yoon, CEO of Fibonacci Asset Management Global, said market volatility “may affect short-term investor sentiment or execution timelines, but I would be surprised if it materially disrupts the transaction itself. Unless market conditions deteriorate significantly from here, the pricing impact should be manageable.”
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Leading cryptocurrencies and stocks fell on Tuesday after U.S. strikes on Iran and the revocation of the oil sanctions waiver rattled investors.
Crypto Rally StallsBitcoin briefly topped $64,000 in the afternoon before surrendering its gains, as trading volume dropped sharply over the past 24 hours
Ethereum followed a similar trajectory, spiking to $1,800 before facing a sharp rejection back to the mid-$1,770 region. XRP and Dogecoin also traded in the red.
Nearly $300 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data
Bitcoin’s open interest fell 2.90% over the last 24 hours. Binance derivatives traders, including both retail and whale investors, bought the dip, increasing their long exposure to the apex cryptocurrency.
The market slipped back into “Extreme Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.2 trillion, with a slight 0.24% increase over the last 24 hours.
Stocks Retrace On Geopolitical TensionsStocks pulled back on Tuesday. The Dow Jones Industrial Average fell 130.76 points, or 0.25%, to close at 52,925.15. The S&P 500 slid 0.45% to end at 7,503.85, while the tech-heavy Nasdaq Composite declined 1.16% to settle at 25,818.69.
The slide followed the U.S. military launching a wave of strikes against Iran following attacks on commercial shipping in the Strait of Hormuz. The Treasury Department also revoked the sanctions waiver on Iranian oil exports, deeming Iran’s action “wholly unacceptable.”
On-Chain ‘Pain’ Pointing To Accumulation OpportunityOn-chain analytics firm CryptoQuant highlighted Bitcoin’s on-chain indicators at mid-year, noting that supply in loss exceeded 10 million, long-term holders were selling BTC at a loss and realized capitalization stood at $1.06 trillion.
“This level of on-chain pain is rarely observed and could suggest a potential medium- to long-term DCA [dollar-cost averaging] accumulation opportunity,” the research firm added.
Leading cryptocurrency analyst Ali Martinez said that Ethereum reclaiming $1,800 as an important support could clear the path for a move toward the next resistances at $1,980 and $2,079.
“Be aware that if sellers can protect this wall and force a rejection, the volume profile will thin significantly, leaving the next support baseline for ETH at $1,237,” the analyst cautioned.
Photo: KateStock / Shutterstock
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Bitmine Immersion Technologies just scooped up another 40,000 ETH for approximately $71.6 million, sourcing the tokens from FalconX and Kraken. The purchase is the latest in a series of massive over-the-counter acquisitions by the firm, which trades under the ticker BMNR and is directed by investor Tom Lee. The company has been on an Ethereum shopping spree throughout 2026, executing individual transactions ranging from $35 million to $123 million as it methodically works toward a staggering goal: controlling 5% of all Ethereum in existence.
The Alchemy of 5% Lee has named his strategy the “Alchemy of 5%.” As of early July 2026, Bitmine reported holdings exceeding 5.74 million ETH, representing approximately 4.8% of Ethereum’s total supply. In dollar terms, the company’s ETH treasury carries a valuation of around $10 billion.
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This latest batch of roughly 40,000 ETH follows a separate purchase of approximately 42,197 ETH for around $74 million in late June 2026.
Staking as the revenue engine About 85% of the company’s Ethereum holdings are staked through what it calls the Made-in-America Validator Network, or MAVAN. Rather than letting millions of ETH sit idle in a wallet, Bitmine locks it up to help validate transactions on the Ethereum network and earns rewards for doing so. The firm is projecting hundreds of millions in annual staking revenue from its holdings.
How Bitmine compares to the Bitcoin playbook While Bitmine has been aggressively accumulating ETH, Strategy has reportedly opted to liquidate some of its Bitcoin holdings. Lee’s thesis rests on what he sees as Ethereum being fundamentally undervalued, pointing to long-term catalysts like tokenization and increasing demand from artificial intelligence applications. Lee has publicly characterized current market conditions as an early phase of growth, expressing confidence in ETH’s fundamental values despite short-term price fluctuations.
What this means for Ethereum investors With 85% of Bitmine’s holdings locked in validators, the effective circulating supply of ETH is reduced further, meaning Bitmine is earning a disproportionate share of network rewards. BMNR stock performance has already benefited from the strategy amid broader market volatility.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) face renewed selling on Wednesday, extending their corrective move so far this week. BTC faced rejection at $64,000, and ETH failed to break above the 50-day Exponential Moving Average (EMA). Meanwhile, XRP is extending its pullback for a fourth consecutive day. The top three cryptocurrencies signal risk of extending their ongoing corrections if critical support levels fail to hold.
Bitcoin extends correction after rejection at $64,000Bitcoin price trades at $62,898 on Wednesday, maintaining a bearish near-term bias as it holds below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $65,578, $69,226 and $75,229, respectively.
The dense overhead EMA stack suggests rallies remain capped for now, even as the Relative Strength Index (RSI) hovers near a neutral 48 and the Moving Average Convergence Divergence (MACD) stays positive with the line above zero, and recent gains hint at improving but constrained upside momentum.
On the topside, initial resistance appears at the horizontal barrier around $64,004, followed by the 50-day EMA at $65,578, which reinforces a nearby supply zone. Higher up, the 100-day EMA at $69,226 and the 200-day EMA at $75,229 mark successive caps ahead of the more distant structural ceiling at $84,410, leaving the pair vulnerable to renewed selling while price trades beneath this layered resistance structure.
Ethereum faces rejection from the 50-day EMA at $1,803Ethereum price trades at $1,753 on Wednesday, maintaining a bearish near-term bias as it remains below the 50-day, 100-day, and 200-day EMAs at $1,803, $1,964, and $2,234, respectively.
Despite price being capped by this stacked EMA cluster, momentum has improved, with the RSI hovering near a neutral 52 and the MACD remaining in positive territory, with a firm reading around 27.75, hinting at ongoing recovery attempts within a broader downtrend.
On the topside, immediate resistance is located at the 50-day EMA near $1,803, followed by the 100-day EMA at $1,964 and the psychological barrier at $2,000, while the longer-term 200-day EMA at $2,234 marks a stronger cap on any extended rally.
On the downside, the next notable support sits much lower at the horizontal level around $1,385, where buyers are likely to defend the prior structural floor if the current rebound fails.
XRP shows signs of weaknessXRP price trades at $1.097 on Wednesday, holding below the 50-day, 100-day, and 200-day EMAs at $1.177, $1.279, and $1.493, respectively, which keeps the broader bias bearish. Price is also tracking within a downward parallel channel, with the upper boundary around $1.098 just above the market, while momentum looks mixed: the RSI at 44 remains below the midline, and the MACD prints modest positive readings, hinting at only a mild recovery attempt within a capped structure.
On the topside, initial resistance is located at the channel boundary near $1.098, followed by the 50-day EMA at $1.177 and the 100-day EMA at $1.279. Higher up, the horizontal level at $1.300 acts as a more significant barrier ahead of the long-term 200-day EMA at $1.493 and the major resistance zone around $1.900.
With no clear underlying support levels immediately below the current price in this dataset, any decisive rejection at the nearby $1.098 area would likely expose XRP to further downside within the prevailing bearish channel until new demand emerges.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
$111 Million in ETH Lands on CoinbaseA wallet believed to be connected to CoinShares, the European digital asset investment firm, has deposited 63,000 $ETH valued at approximately $111 million to Coinbase, according to on-chain analytics platform Lookonchain. The transfer was flagged on July 8, 2026, and quickly drew attention from market watchers tracking large institutional flows.
Deposits of this size to a major exchange typically raise questions about intent. Lookonchain, which monitors on-chain wallet activity in real time, identified the sending address as one possibly associated with CoinShares, though the firm has not publicly confirmed the transfer or its purpose.
Sale Speculation, But No ConfirmationThe movement has fueled speculation that a significant sell order could follow. However, no sale has been confirmed. Large transfers to exchanges do not always precede disposals. As industry observers note, institutional players often route assets to exchange wallets for settlement, rebalancing, or custody management rather than outright liquidation.
CoinShares is one of Europe's largest regulated digital asset managers, offering a range of crypto exchange-traded products. Transfers of this scale from asset managers can reflect routine operational activity, such as meeting redemptions from an investment product, rather than a directional market call.
For now, the transfer remains unconfirmed in terms of its purpose, and the broader market context will determine whether any follow-on selling pressure materialises. Traders and analysts will be watching Coinbase order flow closely in the hours ahead for any sign of a large $ETH sale.
Sources:
Lookonchain: On-chain analytics and whale tracking
CoinShares: Official website
On Tuesday, the U.S. Commodity Futures Trading Commission (CFTC) sued Trevor Vernon and his company Argent Capital Management, accusing them of operating a commodity pool involving stock index futures, options, and crypto assets from March 2022 to February 2026. They raised approximately $14.8 million from at least 60 investors while falsely advertising investment performance, allegedly committing investment fraud. The CFTC stated that the related trades caused investors to lose over $8.6 million. Vernon not only concealed the losses but is also suspected of misappropriating around $3 million to pay returns to investors, with the operation being "similar to a Ponzi scheme", and embezzled $136,000 for private air travel. The regulator also noted that the trades involved commodities such as Bitcoin and Ethereum, and requested the court to order them to cease relevant trading and registration activities, as well as recover illegal proceeds, impose civil penalties, and compensate investors.
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Billionaire Grantham is bearish on SpaceX: 90% probability of eventual collapse, casts doubt on the AI and Mars narratives.
Billionaire investor Jeremy Grantham, long renowned for warning of asset bubbles, has publicly cast doubt on SpaceX’s current roughly $2 trillion valuation, claiming the company’s AI business, Mars program, and long-term growth thesis all carry major flaws. He stated his "90% bet" is that SpaceX will eventually face a historic collapse. Grantham called it "incredible" that SpaceX attributed around 90% of its addressable market to AI in its IPO prospectus, adding that its AI products lack competitiveness compared to those of OpenAI and Anthropic. Still, mainstream Wall Street institutions remain broadly optimistic about SpaceX. With the company officially added to the NASDAQ-100 Index, it is expected to draw more passive capital inflows. Several investment banks including Goldman Sachs, JPMorgan Chase, and Morgan Stanley have issued positive ratings, noting that Starship, Starlink, and its AI business will serve as core drivers of future growth.
3 minutes ago
Tether burned 2.5 billion USDT on Ethereum in a single day, marking the largest single-day burn since February.
CryptoQuant cited on-chain data, reporting that on July 7, Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network. This marks the largest single burn on the network since February this year, exceeding the $2 billion burn on May 8, and second only to the all-time high of $3.5 billion recorded on February 10. Meanwhile, the USDT balance flowing into and out of Binance via the Tron network dropped to roughly $806 million, its lowest level since December 29, 2025 (when it hit $391 million), falling below the $1 billion threshold and signaling a significant contraction in USDT liquidity on Binance’s Tron channel. The large-scale burn by Tether Treasury primarily reflects redemption, fund management, or cross-chain rebalancing operations rather than a direct market signal. However, the synchronized contraction of Ethereum’s USDT supply and Binance’s Tron liquidity is worth ongoing monitoring, as market participants will watch whether the liquidity of dual-chain stablecoins continues this concurrent tightening trend.
3 minutes ago
CASHCAT's market cap briefly topped $98 million, surging over 11-fold in 24 hours.
According to GMGN market data, the market capitalization of CASHCAT, a meme coin on Robinhood’s chain, has continued its rally, briefly crossing $98 million before pulling back to $92.47 million, surging over 11 times in 24 hours. CASHCAT was originally the mascot of Robinhood’s U.S. stock app before being rebranded as Robinhood. On July 1 this year, Robinhood launched its own Layer 2 (L2) public chain, Robinhood Chain, focusing on on-chain finance and real-world assets (RWA). Vlad Tenev, co-founder and CEO of Robinhood, posted on X today that while the company is building Robinhood Chain into the best public chain for real-world assets (RWA), it is also “very suitable for trading meme coins.” BlockBeats reminds users that most meme coins have no intrinsic value and are highly volatile, so trading them requires caution.
3 minutes ago
Iran announces its initial response to the US: Strikes 85 key US military facilities
The Islamic Revolutionary Guard Corps (IRGC) of Iran issued a statement accusing the U.S. of repeating its treacherous habitual practices, claiming U.S. forces launched airstrikes on multiple coastal bases and civilian facilities in Hormozgan Province and the Mahshahr coastal region in the early hours of today, blatantly violating the ceasefire agreement and trampling on the Islamabad Memorandum of Understanding. In an initial response to the aggression, the IRGC Navy and Aerospace Force conducted a joint missile and drone operation, destroying 85 key U.S. military facilities located at Salman Port, the U.S. 5th Fleet base in Bahrain, and Kuwait’s Ali Al Salem Air Base. An enemy MQ-9 drone that attempted to interfere in the operation was also shot down. Separately, U.S. President Donald Trump posted a video titled "U.S. Strikes Iran" on social media, which showed ground targets being hit, with flames and smoke rising against the night sky. Trump provided no text commentary for the video, but later reposted it with a netizen’s post attached. The post read: "Breaking News: Massive Strikes on Iran." Earlier U.S. sources reported that Trump, who was attending the NATO summit in Turkey, had approved the plan to strike Iran and issued the strike order.
3 minutes ago
Despite the plunge in chip stocks, global institutions are snapping up SK Hynix ahead of its blockbuster Nasdaq listing.
SK Hynix’s roughly $28 billion American Depositary Receipt (ADR) offering was oversubscribed several times ahead of pricing, with around 1,000 institutional investors taking part in roadshows, drawing strong subscriptions from global long-term funds and tech investors. If completed smoothly, the offering will rank among the largest U.S. listings by a foreign company, with the chipmaker set to debut on the Nasdaq Global Select Market this Friday. Despite recent sharp volatility in the global semiconductor sector, SK Hynix’s stock has declined around 17% this month, yet institutional subscription enthusiasm has not been materially impacted. Market observers note that U.S. investors have relatively limited investment access to the South Korean memory chip leader, and the scarcity premium plus long-term growth prospects tied to AI remain key supports for the offering. Jung In-yoon, CEO of Fibonacci Asset Management Global, said market volatility “may affect short-term investor sentiment or execution timelines, but I would be surprised if it materially disrupts the transaction itself. Unless market conditions deteriorate significantly from here, the pricing impact should be manageable.”
3 minutes ago
A crypto whale opened a 40x short position worth $31 million in Bitcoin, and is now sitting on an unrealized profit of $112,400.
According to Onchain Lens monitoring, whale address 0x77ee recently opened a 40x leveraged short position on Hyperliquid for 493 BTC (valued at approximately $31.08 million), with an entry price of $63,240.9 and a liquidation price of $73,962.2. The position currently has an unrealized profit of around $112,400, delivering a return on equity (ROE) of 14.47%. Data shows the address holds a total of 15 positions, with a total position size of roughly $79.79 million, 92% of which are short positions. That said, the address’s cumulative historical trading losses still amount to $5.66 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.
CryptoQuant cited on-chain data, reporting that on July 7, Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network. This marks the largest single burn on the network since February this year, exceeding the $2 billion burn on May 8, and second only to the all-time high of $3.5 billion recorded on February 10. Meanwhile, the USDT balance flowing into and out of Binance via the Tron network dropped to roughly $806 million, its lowest level since December 29, 2025 (when it hit $391 million), falling below the $1 billion threshold and signaling a significant contraction in USDT liquidity on Binance’s Tron channel. The large-scale burn by Tether Treasury primarily reflects redemption, fund management, or cross-chain rebalancing operations rather than a direct market signal. However, the synchronized contraction of Ethereum’s USDT supply and Binance’s Tron liquidity is worth ongoing monitoring, as market participants will watch whether the liquidity of dual-chain stablecoins continues this concurrent tightening trend.
Relevant content
CASHCAT's market cap briefly topped $98 million, surging over 11-fold in 24 hours.
According to GMGN market data, the market capitalization of CASHCAT, a meme coin on Robinhood’s chain, has continued its rally, briefly crossing $98 million before pulling back to $92.47 million, surging over 11 times in 24 hours. CASHCAT was originally the mascot of Robinhood’s U.S. stock app before being rebranded as Robinhood. On July 1 this year, Robinhood launched its own Layer 2 (L2) public chain, Robinhood Chain, focusing on on-chain finance and real-world assets (RWA). Vlad Tenev, co-founder and CEO of Robinhood, posted on X today that while the company is building Robinhood Chain into the best public chain for real-world assets (RWA), it is also “very suitable for trading meme coins.” BlockBeats reminds users that most meme coins have no intrinsic value and are highly volatile, so trading them requires caution.
19 minutes ago
Iran announces its initial response to the US: Strikes 85 key US military facilities
The Islamic Revolutionary Guard Corps (IRGC) of Iran issued a statement accusing the U.S. of repeating its treacherous habitual practices, claiming U.S. forces launched airstrikes on multiple coastal bases and civilian facilities in Hormozgan Province and the Mahshahr coastal region in the early hours of today, blatantly violating the ceasefire agreement and trampling on the Islamabad Memorandum of Understanding. In an initial response to the aggression, the IRGC Navy and Aerospace Force conducted a joint missile and drone operation, destroying 85 key U.S. military facilities located at Salman Port, the U.S. 5th Fleet base in Bahrain, and Kuwait’s Ali Al Salem Air Base. An enemy MQ-9 drone that attempted to interfere in the operation was also shot down. Separately, U.S. President Donald Trump posted a video titled "U.S. Strikes Iran" on social media, which showed ground targets being hit, with flames and smoke rising against the night sky. Trump provided no text commentary for the video, but later reposted it with a netizen’s post attached. The post read: "Breaking News: Massive Strikes on Iran." Earlier U.S. sources reported that Trump, who was attending the NATO summit in Turkey, had approved the plan to strike Iran and issued the strike order.
19 minutes ago
US CFTC sues crypto commodity pool operator Trevor Vernon, alleging $14.8 million in investment fraud.
On Tuesday, the U.S. Commodity Futures Trading Commission (CFTC) sued Trevor Vernon and his company Argent Capital Management, accusing them of operating a commodity pool involving stock index futures, options, and crypto assets from March 2022 to February 2026. They raised approximately $14.8 million from at least 60 investors while falsely advertising investment performance, allegedly committing investment fraud. The CFTC stated that the related trades caused investors to lose over $8.6 million. Vernon not only concealed the losses but is also suspected of misappropriating around $3 million to pay returns to investors, with the operation being "similar to a Ponzi scheme", and embezzled $136,000 for private air travel. The regulator also noted that the trades involved commodities such as Bitcoin and Ethereum, and requested the court to order them to cease relevant trading and registration activities, as well as recover illegal proceeds, impose civil penalties, and compensate investors.
19 minutes ago
Despite the plunge in chip stocks, global institutions are snapping up SK Hynix ahead of its blockbuster Nasdaq listing.
SK Hynix’s roughly $28 billion American Depositary Receipt (ADR) offering was oversubscribed several times ahead of pricing, with around 1,000 institutional investors taking part in roadshows, drawing strong subscriptions from global long-term funds and tech investors. If completed smoothly, the offering will rank among the largest U.S. listings by a foreign company, with the chipmaker set to debut on the Nasdaq Global Select Market this Friday. Despite recent sharp volatility in the global semiconductor sector, SK Hynix’s stock has declined around 17% this month, yet institutional subscription enthusiasm has not been materially impacted. Market observers note that U.S. investors have relatively limited investment access to the South Korean memory chip leader, and the scarcity premium plus long-term growth prospects tied to AI remain key supports for the offering. Jung In-yoon, CEO of Fibonacci Asset Management Global, said market volatility “may affect short-term investor sentiment or execution timelines, but I would be surprised if it materially disrupts the transaction itself. Unless market conditions deteriorate significantly from here, the pricing impact should be manageable.”
19 minutes ago
A crypto whale opened a 40x short position worth $31 million in Bitcoin, and is now sitting on an unrealized profit of $112,400.
According to Onchain Lens monitoring, whale address 0x77ee recently opened a 40x leveraged short position on Hyperliquid for 493 BTC (valued at approximately $31.08 million), with an entry price of $63,240.9 and a liquidation price of $73,962.2. The position currently has an unrealized profit of around $112,400, delivering a return on equity (ROE) of 14.47%. Data shows the address holds a total of 15 positions, with a total position size of roughly $79.79 million, 92% of which are short positions. That said, the address’s cumulative historical trading losses still amount to $5.66 million.
19 minutes ago
South Korean government warns of over-concentration in the semiconductor sector, and will closely monitor risks of stock market volatility.
South Korea’s Ministry of Finance stated that its finance minister held an emergency meeting with officials from the Bank of Korea and financial regulatory bodies, vowing to closely monitor stock market volatility risks, and warned that the semiconductor sector’s excessive weighting has become a core factor amplifying market fluctuations. Recently, driven by factors including cooling expectations for the AI sector, profit-taking, and portfolio rebalancing, the KOSPI has seen sharp swings, triggering its sixth circuit breaker this year, with a cumulative decline of 15.6% from its June peak. Meanwhile, South Korea’s Financial Supervisory Service (FSS) said it will focus on single-stock leveraged ETFs linked to chip stocks such as Samsung Electronics and SK Hynix, noting that these products could amplify market volatility and liquidity risks. While South Korean chip stocks rebounded on Wednesday, regulators cautioned that the market must remain vigilant against risks related to AI industry chain valuations and the semiconductor sector’s concentration.
The XRP Ledger has seen a dramatic rise in the value of tokenized assets, reaching over $4 billion from $150 million within a year, according to a report by @coinbureau. This surge positions XRP among the top four global tokenization networks, alongside Ethereum and BNB Chain. The increase appears to be driven by institutional adoption and amendments like MPTokensV1, with inflows from spot XRP ETFs and stablecoin liquidity totaling over $1.2 billion. Notably, the JMWH energy-backed token contributes significantly to this figure, indicating a shift in the real-world asset (RWA) landscape.
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Key Takeaways The increase in tokenized assets on the XRP Ledger appears consistent with growing confidence in the platform’s utility. Market activity suggests potential for further XRP price increases, supported by the asset’s expanded role in tokenization. The development could indicate a competitive stance against Ethereum’s dominance in the RWA sector. What to Watch Observers should monitor the impact of ongoing institutional adoption and any regulatory developments, such as the CLARITY Act, which could further influence XRP’s market position. Key indicators include how XRP’s price reacts to these asset tokenization trends and whether it can sustain its growth trajectory. Additionally, any announcements regarding new XRP ETFs or amendments to the network could further shift market dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.4% — — View market → August 1 2026 2.8% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.4% — — View market → August 1 2026 10% — — View market →
@Uniswap processed more than $250 million in trading volume on @RobinhoodApp's new blockchain in under a week, a figure that underlines the immediate demand for decentralized liquidity on a chain purpose-built for tokenized equities.
A new Ethereum L2 for tokenized finance Robinhood launched the public mainnet of Robinhood Chain on July 1, 2026, an Arbitrum-based Ethereum Layer 2 with 24/7 tokenized stocks that plug into DeFi as collateral. The chain is specifically designed to facilitate trading of tokenized real-world assets, including stock tokens and ETFs, with 100ms block times. The launch places Robinhood in a growing category of consumer-finance companies building their own blockchain infrastructure. Coinbase's Base and Stripe's Tempo are among the most visible examples, shifting attention and value away from the more neutral, developer-led ecosystems that originally defined the industry.
Robinhood is rolling out a new version of its tokenized-equity product, called Stock Tokens, inside the Robinhood Wallet in more than 120 countries, though availability depends on jurisdiction. Under the new structure, eligible users can trade around the clock on Robinhood Chain and use the tokens as collateral or deposit them into lending pools across DeFi. Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited that track the price of the underlying stock but do not confer any legal or beneficial ownership in the security itself.
Uniswap takes the primary AMM role, $UNI surges Uniswap v2, v3, v4, and UniswapX are live on Robinhood Chain, a Layer 2 built by Robinhood Crypto. Uniswap serves as the primary public AMM on Robinhood Chain, with support on the Uniswap Web App, Wallet, and API available from day one. From day one, Uniswap supports Robinhood Stock Tokens on the Web App, Wallet, and API via UniswapX, Uniswap's intent-based trading infrastructure, and the AMM.
The $UNI token surged 11 to 14% following the chain's launch. More chains deploying Uniswap means more volume, which means more fees flowing through the protocol. The broader ecosystem also launched with significant infrastructure backing. Integrations with Alchemy, BitGo, and Chainlink give the chain rapid block times alongside ready-made DeFi capabilities including lending and borrowing, and the network is designed to be AI-native and tailored to real-world assets.
The tokenized equities market had a total market capitalization of $5.5 billion as of June 8, 2026, up roughly 147% from $2.23 billion at the start of the year, according to data from The Block. Robinhood's chain launch drops it into that market at a moment of rapid growth, with Uniswap's early volume numbers suggesting the infrastructure is already attracting real activity.
Sources
Uniswap Labs: Uniswap is Live on Robinhood Chain
Crypto Briefing: Uniswap protocol surpasses $250M in volume on Robinhood Chain in under a week
Fintech Global: Robinhood launches Robinhood Chain mainnet and DeFi suite
Bitcoin touched $64,000 on Tuesday, supported by robust spot ETF inflows, sustained institutional demand and improving market sentiment.
Notable Statistics:
Coinglass data shows 98,815 traders were liquidated in the past 24 hours for $417.63 million. SoSoValue data shows net inflows of $265.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $20.7 million. In the past 24 hours, top gainers include MemeCore, Zcash and Sun. Notable Developments:
Trader Notes:
Trader exitpump expects Bitcoin to remain range-bound through the summer, with price action between $67,000 and $74,000. Rather than trying to call the exact bottom, the focus is on trading the current range until a clearer breakout or breakdown emerges.
Daan Crypto Trades highlighted Spot Bitcoin ETF flows have turned positive since Friday after one of the largest selling streaks on record.
Despite continued ETF outflows after Bitcoin first tested the $60,000 level in June, the crypto king has held above that support, suggesting significant buying demand and absorption in that price zone. The key question now is whether renewed ETF inflows can shift momentum and spark a sustained recovery.
CryptosBatman said Bitcoin remains locked in a broad macro consolidation range, with price continuing to build a long-term base.
Historically, extended periods of low volatility and sideways trading have preceded the strongest rallies, suggesting a completed base could pave the way for the next major expansion phase.
Image: Shutterstock
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Another analyst outlined an 'insane' correlation between ETH and the copper/gold chart.
Ethereum’s slow and gradual rebound from the $1,500 lows reached recently continues, but the asset is now testing one of the most important resistance lines on its path to recovery.
Analysts are convinced that breaking through this level will open the door for a run to $2,000 and even beyond. For now, though, it remains a mirage.
Can ETH Break Through? With ETH trading close to $1,800, analyst Ali Martinez noted that this is the key bullish trigger that needs to fall decisively. In a post on X, he explained that its significance stems from the fact that the 0.8 MVRV Pricing Band is positioned there as resistance.
He predicted that a daily close above it, followed by a successful hold as support, would “strengthen the bullish case and could open the door for a move toward Ethereum’s Realized Price at $2,245.” Recall that the altcoin hasn’t traded above $2,000 in a month, and the last time it stood at its Realized Price was in mid-May.
Martinez doubled down on the importance of the $1,800 level, suggesting that the TD Sequential resistance trendline also sits there.
“A break above both $1,796 and $1,816 could trigger a bullish breakout. From a technical perspective, such a move would also increase the probability that ETH breaks through the top of the channel at $1,844 and begins marching toward the $2,245 Realized Price.”
Fellow analyst Ted Pillows shared a similar opinion, noting that ETH recently challenged the $1,820-$1,850 resistance, only to be rejected. The good news is that it continues to trade above $1,750, and Pillows predicted a surge to $2,000 if the aforementioned resistance is reclaimed.
Insane Correlation Michaël van de Poppe, on the other hand, outlined a rather unexpected correlation that would support the narrative for a bigger Ethereum rally soon. He noted that the “business cycle is often phrased through the copper/gold chart,” which was evident during the 2017 and 2021 cycles. Only the 2024 cycle didn’t see such a positive correlation.
You may also like: Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M He believes the chart between the precious metals is a “great indicator of market momentum” that has just broken upwards massively, and it has “flipped a 4-year-long downtrend up to an upwards trend.”
“Usually, ETH follows through, although with some lag, as there needs to be more confidence in the markets. A matter of time until the crypto markets are finally picking up momentum,” he concluded.
On Tuesday, July 7, 2026, Ethereum remained one of the key assets under close watch by investors. Market attention is now focused on whether Ethereum’s price can reclaim a critical breakout level, a step seen as crucial for strengthening the bullish outlook. Technical analysis highlights the need for sustained moves above certain levels to signal a clear return to upward momentum.
Key resistance area in focusAt the time this report was prepared, Ethereum was trading at $1,766. The daily loss was mild at 0.13%, while trading volume surged 56.03% to reach $17.32 billion. Despite short-term price weakness, the volume uptick suggests that traders remain uncertain about the market’s next direction.
Crypto analyst Ali Martinez notes that Ethereum is currently testing the 0.8 MVRV price band at $1,796. According to Martinez, this region acts as resistance, while the $1,800 zone could trigger further upside if broken decisively.
Ali Martinez stresses that a daily close above $1,796 and turning this level into support is needed for Ethereum’s bullish scenario to strengthen.
The MVRV (Market Value to Realized Value) is an indicator tracking the relationship between market cap and realized value, often used by analysts to identify historically expensive or discounted price zones. Realized price refers to the average acquisition cost of coins based on their last on-chain movement.
Mini glossary: The MVRV price band is a technical framework derived from the market value to realized value ratio. Realized price represents the average cost basis of circulating coins, calculated according to their most recent on-chain transfers.
Martinez points out that the $1,796 level is important not only as horizontal resistance but because it coincides with key technical indicators. The TD Sequential resistance line sits close by, while the risk line is positioned at $1,816. Should Ethereum move above both $1,796 and $1,816, the next focus becomes the channel resistance at $1,844. If this area is surpassed, the longer-term realized price target at $2,245 comes into play.
LevelTechnical significance$1,760Nearby liquidity zone$1,796Main resistance and critical breakout threshold$1,816TD Sequential risk line$1,844Channel resistance$2,245Realized price targetDerivatives volume rises, open interest dipsData from CoinGlass shows heightened activity in Ethereum’s derivatives market. Futures volume jumped 72.57% to $45.93 billion. In contrast, open interest slipped by 0.89%, now totaling $24.40 billion. The dominant funding rate stood at 0.0065% for open positions.
A liquidation heatmap reveals that Ethereum is trading close to a significant liquidity pocket around $1,760. This level has become a critical area where price momentum stalled after brief surges above $1,800. A dip below $1,760 could undermine Ethereum’s short-term technical structure.
Upward liquidity clusters are concentrated at $1,800, $1,830, and $1,850, which largely aligns with the main breakout range highlighted in the technical analysis.
Moving averages and RSI send mixed but constructive signalsTechnical indicators reveal Ethereum’s price is oscillating between two key short-term moving averages. It has stalled below the 50-day exponential moving average at $1,804.1, which now acts as near-term resistance. However, Ethereum remains above its 20-day EMA at $1,709.60, a level currently providing support.
On a longer horizon, significant resistance barriers remain. The 100-day EMA stands at $1,967.6, and the 200-day EMA is at $2,251.0. Altogether, the market structure suggests that Ethereum must overcome multiple resistance levels to accelerate a broader recovery.
The relative strength index also signals growing buyer strength. The RSI is now at 55.18, with its average at 43.19. While these numbers do not suggest overbought conditions, analysts emphasize that a clear break above resistance is needed to sustain the current uptrend.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The cryptocurrency market continues to struggle with dominant headwinds, with Bitcoin (BTC) hovering around the short-term $63,000 support, Ethereum (ETH) holding below $1,800 and Ripple (XRP) testing the demand area at $1.13.
Although the crypto Fear & Greed Index edged up to 27 on Tuesday from 24 the day before, sentiment remains firmly entrenched in Fear territory.
Persistent headwinds in the spot market, driven by the absence of major catalysts and ongoing macroeconomic uncertainty, continue to constrain momentum.
Crypto Fear & Greed Index | Source: AlternativeBitcoin, Ethereum attract capital inflows as XRP lagsBitcoin spot Exchange-Traded Funds (ETFs) are experiencing a steady return in inflows totaling $266 million on Monday and $222 million on Friday. The return of inflows broke an extended period of outflows, tracking back to June 16. Meanwhile, cumulative inflows stand at $51 billion, with net assets under management averaging $77 billion. If sustained, the inflows could boost Bitcoin’s recovery outlook.
Bitcoin ETF flows | Source: SoSoValueThe bullish outlook extends to Ethereum, as spot ETF outflows logged their third consecutive day of inflows, including roughly $15 million on Thursday, $29 million on Friday and approximately $21 million on Monday. Cumulative inflows hold steady at $11 billion, while net assets under management stand at near $10 billion.
Ethereum ETF flows | Source: SoSoValueAs for XRP, investor interest remains on the back foot, given the spot ETFs failed to register any flows on Monday. SoSoValue data shows an outlier of nearly $7 million in inflows on Friday. Meanwhile, cumulative inflows remain steady at $1.49 billion, while net assets under management average $1 billion.
XRP ETF flows | Source: SoSoValueRetail participation in the XRP derivatives market continues to weaken, as evidenced by a steady decline in perpetual futures Open Interest (OI). CoinGlass data shows OI slipped to $2.38 billion on Tuesday, extending a downtrend from $2.39 billion on Monday and $2.58 billion on Sunday.
From a broader perspective, current OI levels remain a fraction of the July 22 peak at $10.94 billion. Unless retail demand rebounds, a meaningful near-term recovery appears unlikely amid persistent investor fatigue.
XRP Futures OI | Source: CoinGlassPrice analysis: Bitcoin stays under pressureBitcoin trades above $63,000, keeping a bearish near-term bias as price remains below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $65,681, $69,349 and $75,460 respectively. The Parabolic SAR around $58,976 offers the nearest technical floor.
Meanwhile, momentum is mixed, with the Relative Strength Index (RSI) hovering just below the neutral 50 mark on the daily chart and the Moving Average Convergence Divergence (MACD) histogram holding in positive territory but not yet signaling a strong bullish acceleration.
BTC/USDT daily chartOn the topside, immediate resistance lies at the 50-day EMA at $65,681, followed by the 100-day EMA at $69,349 and then the more strategic 200-day EMA near $75,460, which collectively cap the broader recovery attempts. On the downside, initial support is highlighted by the Parabolic SAR level at $58,976, where buyers could attempt to slow any deeper pullback before the pair re-evaluates the current bearish structure.
Altcoins technical outlook: Ethereum and XRP decline amid mounting downside risksEthereum holds below a dense layer of moving average resistance and thus retaining a capped, mildly bearish near‑term tone. The spot price remains under the 50‑day EMA at $1,806, with the 100‑day EMA at $1,969 and the 200‑day EMA at $2,252 stacked higher, reinforcing the broader downside bias under the prevailing downward resistance trendline.
Momentum is constructive, with the MACD above zero and the RSI near 55 on the daily chart, which hints at recovery potential but does not yet negate the overhead technical barriers.
ETH/USDT daily chartInitial resistance emerges at the 50‑day EMA around $1,806, followed by the 100‑day EMA at $1,969 and then the 200‑day EMA near $2,252, where the longer‑term downtrend line also weighs, forming a broader supply zone. On the flip side, the latest Parabolic SAR reading at $1,592 offers the next notable support level. A break toward that area would signal fading bullish momentum, while a sustained move above $1,806 would be the first step toward easing the current bearish cap.
XRP, on the other hand, trades at $1.13, keeping a bearish near-term bias as price holds within a downward parallel channel and below the 50-day, the 100-day and the 200-day EMAs at $1.18, $1.28 and $1.50 respectively.
The pair also hovers closer to the lower half of the channel, with the Parabolic SAR offering support at $1.02 while the RSI eases back from the mid-50s on the daily chart, hinting at waning bullish momentum after the recent bounce.
XRP/USDT daily chartInitial resistance lies at the channel top near $1.17, followed by the 50-day EMA at $1.18, with the 100-day EMA at $1.28 and the 200-day EMA at $1.50 reinforcing a broader cap on recovery attempts. Looking down, immediate support emerges at the Parabolic SAR level around $1.02, ahead of the structural floor at the channel bottom near $0.83, where a break would likely extend the prevailing downtrend within the current daily structure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
U.S. President Donald Trump restated his approval of cryptocurrency, asserting American leadership and rejecting the regulatory measures. The record stablecoin transactions and growth of Ethereum as an asset in digital finance keep bringing market and institutional interest. President of America, Donald Trump, reasserted his support for cryptocurrency during his recent speech as part of the growing relevance of cryptocurrency in international financial markets. In an interview, Trump stressed the need for America to stay ahead as digital assets expand internationally.
Trump said:
“I’m a big crypto guy only for one reason. If we don’t have it, China is going to have it. They would like to have it. I wasn’t initially. I didn’t know much about it. But I watched it grow, and it’s a huge industry.”
However, there was criticism of the previous government’s policies related to the digital currency industry and cryptocurrency-related companies. He said that regulations caused additional stress for the industry while it was growing.
Trump added:
“I went very pro-crypto, as you know; Biden was totally against it. But he had no idea what crypto is. They were very violently against it. What they were doing to crypto was horrible. Amazingly, it survived that onslaught.”
These comments were made during the unveiling of the new savings program by Trump called Trump Accounts. Bitcoin is not included in the program now; however, it may be considered later.
Blockchain and Stablecoin Transactions Continue Growing In addition to statements from Trump, blockchain continued to show increasing signs of adoption in digital asset markets. Stablecoin transactions grew to a historic high of $1.79 trillion in June, as adoption continues to grow within the blockchain payment networks.
USDT and USDC are the leading stablecoins in terms of circulation. Ethereum, Tron, and Solana still have the largest number of stablecoins and their transactions. Regulated adoption of stablecoins could potentially increase activity within these blockchain networks, according to market analysts.
Attention also returned to Ethereum following comments made by analyst Vivek Raman on its future use within tokenized financial markets. According to Raman, Ethereum could eventually host trillions of dollars worth of tokenized assets and financial products as blockchain adoption grows. He reiterated his long-term Ethereum price forecast at $250,000, although he admits this would take some more time.
Market Attention on Adoption Continues The latest comments from Trump, in addition to high stablecoin transaction volumes, have continued to garner attention in cryptocurrency markets. Investors and analysts continue to keep their eyes on the increasing presence of Ethereum in tokenization and blockchain technology. Despite the continued attention paid to regulations, institutional adoption, and blockchain usage, it becomes increasingly clear that digital assets are becoming a bigger part of the financial system.
Highlighted Crypto News:
BonkDAO Reports $20 Million BONK Treasury Breach Following Governance Attack
I specialize in Web3 and crypto writing, producing clear, research-driven content on blockchain, cryptocurrencies, and market trends.
In This Article Korea's XRP Ripple Premium Is Structural, Not AccidentalWhale Activity and Exchange Outflows Back the Retail StoryXRP Price Context: Recovery in Progress, Global Volume Softer XRP Ripple has reclaimed the top spot on Upbit, South Korea’s largest cryptocurrency exchange, with $52.33M in 24-hour trading volume, outpacing Bitcoin at $42.14M and Ethereum at $24.30M on the same venue.
Roughly 10% of Upbit’s entire $493.74M daily crypto exchange volume was in XRP while the two largest coins by global market cap finished second and third.
(SOURCE: CoinGecko)
The gap matters because Bitcoin and Ethereum represent the default institutional benchmarks for crypto demand. When XRP trading volume overtakes both on a major regulated exchange, it is a signal that Korean retail capital is rotating toward the token with intention, not just chasing a news headline.
Even with XRP dominating trading volume in South Korea, the token is trading at $1.13, down -1.4% over the past 24 hours, with overall daily trading volume at just over $1.71Bn.
Korea’s XRP Ripple Premium Is Structural, Not Accidental The current volume snapshot fits a pattern that has been building for years. According to Upbit’s own disclosure, XRP was the exchange’s largest digital asset by cumulative trading volume in 2025, surpassing $1 trillion in trading volume on the platform and exceeding Bitcoin’s total.
Ryan Yoon, an analyst at Tiger Research cited by Investing.com, attributes the sustained dominance to South Korean retail investors, particularly those in their 40s and 50s, rotating capital out of domestic and US equities and back into crypto, with XRP as their primary target.
Earlier this year, XRP trading volume on Upbit surged 289% in a single hour during a momentum window, compared to a 128% increase on Binance over the same period.
The divergence illustrates just how sensitive the Korean crypto market is to XRP price catalysts relative to global venues. PANews reports that approximately 15% of global XRP trading volume now originates from South Korea.
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Whale Activity and Exchange Outflows Back the Retail Story 🚨🚨🚨Something interesting is happening with $XRP liquidity.
Upbit just took the top spot in XRP trading volume, beating Binance, Coinbase, and every other global exchange on the heatmap.
Liquidity is positioning before headlines catch up.
Why is South Korea betting on $XRP? pic.twitter.com/OG61uKXEo1
— X Finance Bull (@Xfinancebull) March 8, 2026
The volume data is one half of the picture. The other is where the coins go after they are traded. In May, an unidentified investor withdrew 6.3 million XRP from Upbit in a single transaction.
Around the same time, on-chain data tracked by CoinGlass showed whale investors, large holders whose moves can shift market structure, pulled $135M worth of XRP off exchanges in a single week.
Exchange outflows, where coins move from trading platforms into private wallets, are a standard on-chain metric (a measure derived directly from blockchain transaction data) interpreted as accumulation rather than selling preparation.
Data from CoinGlass shows net XRP outflows from exchanges totaled $30.38M over the past seven days and $147.50M over the past month.
That combination, high spot trading volume on Upbit alongside sustained net outflows globally, suggests two distinct buyer cohorts: active Korean retail traders on one side and longer-horizon accumulators on the other.
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XRP Price Context: Recovery in Progress, Global Volume Softer The "3rd Retest" would be a gift 🎁 $XRP https://t.co/VaSUr4R1OR pic.twitter.com/kRbJ4Sc36Z
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) July 6, 2026
On the XRP Ripple price, the token bottomed at $1.01 during last month’s broader market selloff before recovering to approximately $1.14, a 12.87% rebound. Over the past week, it is up +8%, with a -1.4% loss in the most recent 24-hour window. XRP’s current market capitalization is roughly $77Bn, ranking it sixth among cryptocurrencies globally.
One counterpoint worth flagging: global XRP trading volume over the same 24-hour period fell 31% to approximately $1.21Bn. The strength on Upbit is therefore a Korean-specific phenomenon running against a softer global backdrop, not a uniform global surge.
That divergence reinforces the argument that domestic Korean crypto market dynamics, retail rotation, KRW liquidity depth, and Ripple’s longstanding relationships with Korean remittance providers are doing the heavy lifting.
Institutional demand is also building alongside the retail story. XRP-linked ETFs have attracted over $1.21Bn in cumulative inflows globally, according to data cited by TradingView, while Bitcoin and Ether spot ETFs recorded net outflows over the same period.
That institutional channel may eventually decouple XRP’s Korean spot activity from pure retail sentiment and anchor it to a broader demand base.
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Bitmine Immersion Technologies (NYSE: BMNR), the leading corporate Ethereum treasury company chaired by Tom Lee, has continued its aggressive accumulation strategy with the purchase of 42,197 additional ETH over the past week. The latest batch brings the firm’s total Ethereum holdings to 5,742,237 tokens, representing approximately 4.8% of Ethereum’s circulating supply of roughly 120.7 million tokens.
This steady pace of buying aligns with Bitmine’s long-term “Alchemy of 5%” objective of securing a meaningful ownership stake in the world’s leading smart contract platform.
Chairman Tom Lee emphasized that the company has sustained consistent acquisitions throughout 2026 and expressed confidence that the target could be reached later this year.
He described the current environment as the early stages of a “crypto spring,” driven by improving market sentiment and expectations for greater regulatory clarity around digital assets.
As of July 5, 2026, Bitmine’s overall portfolio of digital assets, cash, marketable securities, and strategic investments reached $11.1 billion.
The treasury includes the substantial ETH position (valued at prevailing market prices near $1,800 per token), 206 Bitcoin, approximately $527 million in cash and securities, and targeted stakes in ventures such as Beast Industries ($180 million) and Eightco Holdings (NASDAQ: ORBS, $71 million).
These “moonshot” positions provide indirect exposure to emerging technologies and sectors beyond core crypto holdings.
A significant portion of Bitmine’s Ethereum—around 85% or 4,879,157 tokens—is already staked through its MAVAN (Made in America VAlidator Network) platform and partner infrastructure.
This staking activity generates attractive yields and is projected to deliver roughly $235 million in annualized rewards at current levels, with potential upside as more assets move into staking.
Lee highlighted that Bitmine now stakes more ETH than any other entity globally, underscoring its position as the premier Ethereum-focused treasury operator.
The company’s approach contrasts with Bitcoin-centric treasury strategies, positioning Ethereum as its primary reserve asset while leveraging native protocol features like staking and decentralized finance.
Bitmine benefits from backing by prominent institutional investors and recently gained inclusion in the Russell 1000 Large-Cap Index, which is expected to attract additional passive investment flows.
Lee also noted rising optimism around potential US regulatory developments, such as the CLARITY Act, which could further support Ethereum’s utility in real-world applications including layer-2 networks and payment systems.
With consistent accumulation and strong staking economics, Bitmine continues to strengthen its balance sheet while contributing to broader institutional adoption of Ethereum. The firm remains the world’s largest corporate holder of ETH and ranks among the top global digital asset treasuries overall.
Anchorage Digital, the operator of the United States’ federally chartered crypto bank, has added support for Lido, Ethereum’s largest liquid staking protocol. The move gives institutional clients direct, compliant access to wrapped staked Ether (wstETH) entirely within Anchorage Digital’s regulated platform, eliminating the need to move assets to external services.
Institutions can now connect straight to Lido’s decentralized application from Anchorage Digital to mint wstETH by depositing Ether or redeem it back into ETH. wstETH automatically accrues staking rewards from Ethereum’s proof-of-stake network while remaining fully liquid and transferable.
This solves several pain points of traditional ETH staking, including long unbonding periods, the operational burden of running validators, and capital that would otherwise sit idle.
The integration forms part of Anchorage Digital’s broader effort to deliver a complete suite of on-chain capabilities—staking, liquid staking, restaking, governance, and settlement—under institutional-grade custody and compliance controls.
Clients retain full oversight of their positions without introducing new counterparties or fragmenting their operational workflows.
For institutions, the primary advantages center on capital efficiency and flexibility. wstETH can serve as collateral in lending markets, participate in decentralized exchanges, or support cross-chain strategies without first unwinding a stake.
This allows sophisticated allocators to generate yield from Ethereum staking while keeping assets productive across multiple DeFi protocols.
Nathan McCauley, Co-Founder and CEO of Anchorage Digital, described liquid staking as one of the most important building blocks for institutional participation in Ethereum.
He stated that the Lido integration removes the operational and security compromises that have historically kept large investors on the sidelines, advancing the goal of making advanced on-chain infrastructure truly institution-ready.
Kean Gilbert, Head of Institutional Relations at the Lido Ecosystem Foundation, noted that institutional adoption succeeds when access aligns with how institutions actually operate.
He highlighted that bringing wstETH into a major U.S. regulated platform strengthens the role of stETH and the Lido protocol in professional Ethereum staking environments.
Anchorage Digital, founded in 2017 and based in San Francisco, operates under a federal banking charter and holds additional licenses in Singapore and New York (BitLicense).
The company is backed by investors including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, and carries an approximate valuation of $4.2 billion.
Its global footprint includes offices in New York, Singapore, Portugal, and South Dakota.
By embedding Lido’s liquid staking directly into a regulated custody environment, Anchorage Digital lowers barriers for institutions seeking Ethereum yield.
The development reflects the ongoing maturation of on-chain finance, where regulated platforms increasingly bridge traditional institutional requirements with the composability and efficiency of decentralized protocols. As more firms gain seamless access to products like wstETH, participation in Ethereum staking and related DeFi activities is expected to grow among professional allocators seeking both yield and operational simplicity.
Ethereum (CRYPTO: ETH) is enjoying a small rebound as institutional adoption and supportive chart patterns align for a 13% one-week gain.
ETH Seeing Strong TractionSpeaking on the Milk Road Show on July 6, Consensys founder Joe Lubin said the Ethereum ecosystem is seeing strong behind-the-scenes traction from traditional financial institutions, financial market infrastructure firms and builders working on decentralized rails.
SharpLink Gaming Inc. (NASDAQ:SBET), where Lubin serves as chairman, recently resumed ETH purchases, buying 10,000 ETH after an eight-month pause.
SharpLink CEO Joe Shalom said the company remains focused on increasing ETH per share while making its holdings productive through staking, liquid staking, re-staking and DeFi strategies.
Shalom said SharpLink is the second-largest corporate holder of ETH and aims to give investors "directional access" to ETH, while generating additional yield from the asset.
He argued that Ethereum is already winning across key institutional crypto categories, including stablecoins, tokenized real-world assets, DeFi and emerging agentic payment activity.
Lubin said Ethereum’s long-term advantage lies in being one of the only "rigorously decentralized" protocols, alongside Bitcoin (CRYPTO: BTC)
Ethereum’s Bullish TriggerIn an X post on July 7, crypto chart analyst Ali Martinez noted Ethereum is testing a key resistance zone around $1,796, where the 0.8 MVRV Pricing Band aligns with a TD Sequential resistance trendline.
A daily close above this level, followed by a successful retest as support, could strengthen the bullish outlook.
Analysts say a break above $1,816 would improve the chances of Ethereum clearing $1,844 channel resistance and advancing toward its realized price near $2,245.
Price action: ETH is up 13% over the past week, outperforming Bitcoin’s 7% gain.
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Bitcoin and Ethereum supplies on exchanges are reported to be near their lowest levels since 2017 and 2015, respectively, according to Santiment. This development suggests a significant shift of these digital assets away from centralized platforms into long-term holdings, staking, and decentralized finance options. The decrease in exchange supplies could be indicative of reduced sell-side liquidity, potentially leading to increased price pressures if demand remains strong. Market participants appear to view this trend as consistent with long-term holding patterns and institutional accumulation.
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Key Takeaways Bitcoin and Ethereum exchange supplies are at historic lows, suggesting reduced sell-side liquidity. Market activity implies a shift toward long-term holding and institutional accumulation for both assets. Pricing suggests participants view this supply squeeze as potentially increasing upward price pressures on Bitcoin and Ethereum. What to Watch Market observers will be closely monitoring any changes in Bitcoin and Ethereum’s demand dynamics, as continued strong demand could amplify price increases. Key indicators include institutional investment flows, particularly through ETFs and staking platforms. Additionally, regulatory developments and technological upgrades within the Ethereum network could further impact market pricing, as seen with previous major updates such as The Merge.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.2% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 3% — — View market → December 31, 2026 4.2% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 11.5% — — View market → January 1 2027 17.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 67.6% — — View market → January 1 2027 11% — — View market → January 1 2027 3.9% — — View market → January 1 2027 22% — — View market → January 1 2027 44% — — View market →
J.P. Morgan Asset Management has put roughly $800 million in assets on the public Ethereum blockchain, spread across two tokenized money market funds.
Two funds, one blockchain The first fund, called MONY, launched in December 2025 with $100 million in seed capital. The second, JLTXX, followed on May 13, 2026, also seeded with $100 million from J.P. Morgan itself.
JLTXX has been the breakout performer. In its first month alone, the fund’s assets under management surged roughly 250%, climbing to around $695 million by early July 2026.
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Both funds are backed by US government Treasuries and repurchase agreements, represented as tokens on Ethereum instead of entries in a legacy custody system.
Investors access the funds through J.P. Morgan’s Morgan Money platform, where they can subscribe and redeem using either cash or stablecoins like USDC. Token balances sit in Ethereum addresses, meaning settlement happens on-chain.
Anchorage Digital, a federally chartered crypto bank, was among the early investors in JLTXX.
From private chains to public rails J.P. Morgan’s blockchain journey didn’t start here. The bank launched its Kinexys platform back in 2020, originally focused on permissioned networks and private transactions.
Why this matters for investors The rapid growth of JLTXX, from $100 million to $695 million in roughly a month, suggests that institutional allocators are moving capital onto public blockchains at significant pace.
BlackRock launched its own tokenized Treasury fund, BUIDL, and Franklin Templeton has been on-chain for even longer. J.P. Morgan’s entry at this scale raises the stakes for every asset manager that’s been treating tokenization as a future project rather than a present reality.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tiger Brokers upgrades Coinbase's rating to "Buy", sets target price at $200.
Tiger Brokers has upgraded its rating on Coinbase from "Hold" to "Buy" and set a $200 price target. The firm stated that after a sharp pullback earlier, the risk-reward ratio has improved, Bitcoin’s toughest bear market phase may be over, and a new cryptocurrency market cycle is expected to kick off, fueled by recovering liquidity, rising institutional demand, and improved risk appetite.
3 hours ago
SpaceX's listing has driven record highs in tokenized stock trading, with on-chain transaction volume reaching $3.86 billion in June.
Driven by SpaceX's record IPO, on-chain tokenized stock trading volume surged 145% month-over-month in June to $3.86 billion, hitting an all-time high. Of this total, trading volume for tokenized SpaceX stock (ticker: SPCX) reached $1.19 billion, accounting for 31% of the monthly tokenized stock trading volume. The SPCX token issued by BlackRock Securities saw $1.08 billion in trading volume, the market's most active product, while SPCXx from xStocks recorded $852 million. The total market capitalization of the tokenized stock market rose to $1.53 billion in June, up 6.64% month-over-month, marking the 15th consecutive month of growth. While popular assets like Nvidia and Tesla remain actively traded, market attention has clearly tilted toward SpaceX.
3 hours ago
U.S. SEC Releases 2026 Regulatory Agenda, Proposes Revisions to Rules for Crypto Trading Platforms and Brokers
U.S. SEC releases its 2026 regulatory agenda, with plans to advance crypto asset regulatory reform by the end of this year. The agency intends to revise multiple rules applicable to broker-dealers and crypto trading platforms, including adjusting brokers’ minimum liquid capital requirements, customer asset protection standards, and record-keeping provisions, to clarify how these rules apply to crypto assets. Meanwhile, the SEC also plans to revise the regulatory framework for trading platforms and explore launching "safe harbor" and regulatory exemption mechanisms related to crypto asset issuance, custody, and trading—aiming to provide clearer regulatory guidance for the market while continuing to crack down on illegal activities. The SEC notes that the new rules are designed to enhance market certainty, boost capital formation and innovation, and ensure adequate investor protection. This direction aligns with the industry-friendly regulatory path SEC Chairman Paul Atkins has pursued since taking office, marking a sharp contrast to the law enforcement-dominated regulatory approach of former Chairman Gary Gensler.
3 hours ago
The $9.9 billion stock swap deal between Naver and Dunamu has been delayed again until the end of the year, as South Korea’s digital asset law remains unresolved.
Naver Financial and Dunamu have delayed the completion of their full stock swap transaction to December 31, marking the second postponement of the deal. The transaction, which aims to integrate Dunamu—operator of South Korea’s largest crypto exchange Upbit—into Naver Financial, was originally scheduled to close on September 30. Dunamu unveiled the new timeline on the 6th via a corrected disclosure of documents first submitted last November, with unfinished digital asset legislation and pending antitrust review cited as key variables. The company has pushed its extraordinary general meeting from August 18 to November 19, and reset the shareholder record date to October 22. Multiple government approvals remain required for the deal to proceed, including merger clearance from the Korea Fair Trade Commission (FTC), approval for Naver Financial’s major shareholder change under credit information regulations, and acceptance of Dunamu’s major shareholder change filing under specific financial transaction information laws. Dunamu noted that progress in any of these steps could further extend the timeline or even lead to the deal’s collapse. It also pointed out that the Digital Asset Basic Act currently under parliamentary review is a practical variable affecting the transaction’s progress and outcome. When the bill is enacted, regulators are simultaneously considering imposing bank-style strict liability rules on exchanges, requiring platforms to compensate users for losses caused by hacking incidents.
3 hours ago
View: Despite weak stock performance, the AI industry "still revolves around NVIDIA"
CNBC stock commentator Jim Cramer said that despite recent weak market sentiment toward Nvidia and sustained pressure on its share price, the company remains a core player in the AI industry. He noted the current sell-off of Nvidia has been excessive, with its forward price-to-earnings (P/E) ratio dropping to near this year’s lowest levels. Cramer pointed out that while some firms—including Chinese AI company DeepSeek—are developing in-house AI chips, they still heavily rely on Nvidia’s technology, and no signs have emerged yet that the company will lose its industry-leading position. Additionally, he stated that some investors have sold Nvidia shares recently to free up capital for other tech stocks, including newly listed SpaceX.
3 hours ago
SanDisk, Seagate, and Western Digital have dropped more than 30% from their all-time highs.
According to market data from BIT (bit.com), US stocks opened lower and trended downward during Tuesday’s trading session. The Philadelphia Semiconductor Index fell more than 6%, and the storage sector extended its losing streak. SanDisk dropped over 36% from its historical high half a month ago; Seagate is down 31%, Western Digital 35%, and Micron 28% from their respective highs.
An Ethereum trader lost nearly $2 million after a decentralized exchange router directed a $2.01 million Ether swap through a low-liquidity pool, allowing block builder Titan to extract $1.8 million from the transaction in a single block. Blockchain security firm GoPlus Security called the incident a textbook case of same-block backrun extraction.
How the Swap Collapsed Into a 99% Loss The trader swapped 1,126.44 Ether, worth approximately $2.01 million, but received only 5,776 Lighter (LIT) tokens valued at roughly $14,500. The swap routed approximately 1,117 Ether into a low-liquidity AVAIL/WETH pool on Uniswap v3, executing at roughly 120 times the sustainable price for AVAIL, GoPlus Security said.
After the trader received about 6.67 million AVAIL tokens at the inflated price, the router involved, identified as 0x router, sold a small amount of externally sourced AVAIL into the same pool. That trade extracted about 1,072 WETH before paying out 1,018 ETH, worth $1.8 million, to Titan as a builder reward.
The remaining AVAIL tokens were then converted into $14,200 worth of LIT, marking a 99.3% loss on the original swap. The transaction took place on July 7, 2026, at 1:59 a.m. UTC, as confirmed by on-chain data.
A Preventable Loss, One Trader Says GoPlus Security distinguished the exploit from a conventional sandwich attack. “This was a real, highly imbalanced backrunner arbitrage, not a classic sandwich attack,” the firm said.
The key difference is that no front-running trade preceded the victim’s swap. Instead, the extraction happened entirely through same-block arbitrage after the trade was routed into the illiquid pool.
Crypto trader Ruslan Khairullin said the loss was avoidable. “This is what happens when you click confirm faster than you read the route,” Khairullin wrote on X. Reviewing transaction routing before signing would have revealed the path through the low-liquidity pool, he noted.
MEV Extraction is Now a $113M-a-Year Business The incident highlights how maximal extractable value has grown from a niche concern into a profitable industry. Titan Builder has earned $112.6 million in revenue from block building this year, according to DefiLlama data.
Its largest single-day haul came in March, when it extracted around $34 million from a separate MEV bot incident on the CoW Protocol. Cointelegraph reached out to Titan for comment but received no immediate response.
The revenue figures suggest that block builders now operate what amounts to a tollbooth on Ethereum transaction flow. Titan’s biggest single-day extraction came in March, when it profited roughly $34 million from a separate incident on the CoW Protocol.
Traders who sign swaps without inspecting the routing path are effectively blind to how much value the infrastructure layer can extract before their order settles. The incident also underscores a gap between the DeFi promise of transparent, permissionless trading and the reality that routing infrastructure can silently redirect orders into pools that maximize builders’ profits at traders’ expense.
Ethereum researchers continue to explore encrypted mempool designs to reduce MEV extraction. Until those proposals reach production, the burden of checking transaction routes before signing remains on individual traders.
While capital is fleeing Bitcoin and Ethereum ETFs at an unprecedented rate, another player is attracting attention. Hyperliquid’s HYPE token continues to evolve at the top of its valuation, contrary to a crypto market under pressure. This divergence reveals a deeper shift. In an environment where speculative liquidity fades, protocols capable of generating real economic activity begin to break free from traditional cycles. Hyperliquid today stands as the most significant embodiment of this mutation.
In brief Bitcoin and Ethereum ETFs are going through a historic crisis, with 6.5 billion dollars in withdrawals illustrating the retreat of institutional investors. Hyperliquid follows a completely opposite trajectory, staying close to its all-time high and attracting positive flows despite a crypto market under pressure. HYPE’s success relies on solid fundamentals, driven by real economic activity, specialized ETFs, and growing investor interest. Hyperliquid’s tokenomics redefine valuation criteria, thanks to a token buyback mechanism directly funded by protocol revenues. The exodus of capital from Bitcoin and Ethereum ETFs towards other projects like Hyperliquid The crypto industry faces a drying up of its liquidity, illustrating a change in stance by institutional capital allocators. According to market data shared by asset manager Coinshares, investment vehicles backed by major cryptos are experiencing continuous selling pressure.
Luke Nolan, senior research associate at Coinshares, thus gave an unequivocal assessment concerning the current state of capital flows. He states that crypto has received “very little support from flows recently”. This lack of buying support is concretely reflected by a losing streak for U.S.-based spot Bitcoin ETFs, which have now recorded eight consecutive weeks of net capital outflows, setting the longest uninterrupted withdrawal sequence observed since their launch.
The quantitative analysis of this disengagement reveals a marked acceleration of outflows during the second quarter of the year. Moreover, financial flow monitoring data reveals the severity of this institutional capitulation :
6.5 billion dollars : this is the minimal total amount withdrawn from these U.S. funds since the beginning of May ; 2.43 billion dollars : this is the total amount of net withdrawals recorded during May alone; 4.06 billion dollars : this is the all-time record of net monthly outflows reached in June; 3,588 bitcoins : this is the massive volume of assets liquidated in a single week by Strategy to finance its preferred stock distributions. This liquidation movement did not remain limited exclusively to bitcoin, as spot Ethereum ETFs also showed notable signs of weakness during the same period, increasing technical pressure on the entire market.
The rush to derivatives This particularly harsh situation for the industry giants has not dampened the upward trajectory of next-generation decentralized finance. The native token of the Hyperliquid blockchain, HYPE, stands out by maintaining its value extremely close to its all-time high, completely independent from current turbulences.
As described by Luke Nolan, “against these difficult market conditions, Hyperliquid (HYPE) continues to trade near its all-time high”. Such relative strength is based on the rapid development of a regulated financial infrastructure dedicated to this asset, materialized by the emergence of three spot ETFs offering investors direct access via traditional brokerage accounts. This range includes the Bitwise Hyperliquid ETF (BHYP), a sector pioneer generating additional yield by staking its holdings, the 21Shares Hyperliquid ETF (THYP), which replicates the performance of the FTSE Hyperliquid Index, as well as the recent Grayscale Hyperliquid Staking ETF (HYPG).
The commercial success of these specialized instruments contrasts point by point with the disaster of traditional ETFs. Investment products focused on HYPE have recorded weekly positive capital inflows since their market introduction in May, attracting around 161 million dollars in net flows during June alone. Currently, the three U.S. structures manage a combined total of approximately 336 million dollars in assets, while equivalent European financial products show over 55 million dollars in assets under management. Although these amounts may seem modest compared to the billions of dollars held by historical leaders, their relative importance radically changes when weighted against the protocol’s real size, confirming a shift of interest from a segment of investors toward targeted alternatives.
The secrets of accumulation: tokenomics indexed on productivity The true explanation for this divergence lies in investors’ perception of Hyperliquid’s financial structure. Luke Nolan further specifies that “on a market cap adjusted basis, HYPE has been one of the strongest crypto ETF launches to date. The relative strength compared to the broader crypto market remains evident”. This dynamic translates deep investor adherence to valuation parameters and the economic design of the asset, as the Coinshares researcher adds that this is a “strong signal that Hyperliquid’s tokenomics resonate with investors”. The network integrates an automatic buy and supply reduction mechanism directly correlated to its usage, thus offering a concrete alternative to purely speculative assets.
Moreover, the technical implementation of a value redistribution-based model changes the game for the institutional investor. Nolan details this specific mechanism by indicating that “using 99% of platform fees to systematically buy back HYPE creates a direct link between protocol activity and token demand, giving the asset a value accumulation mechanism that stands out in the current market”. This architecture creates a perpetual organic demand engine that actively supports the token price as long as the platform generates transaction volume.
While Bitcoin and Ethereum heavily depend on global speculative capital flows, the HYPE token relies on a robust internal mechanism where the asset’s financial performance is intimately linked to real utility and adoption of its decentralized network.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The total value of real world assets (RWAs) tokenized on the Stellar network has surpassed 3 billion dollars, according to the latest figures released by the RWA Foundation. This new milestone not only highlights the rising institutional interest but also points to increased on-chain adoption of the Stellar blockchain in bringing traditional assets to digital platforms.
A new threshold in institutional adoptionCrossing the 3 billion dollar threshold marks one of Stellar’s most significant breakthroughs to date. Data shows that this figure covers both the value of assets actively distributed on-chain and those represented digitally. The surge reflects a sharp acceleration in the tokenization of traditional financial products on Stellar, reinforcing the platform’s appeal as a blockchain of choice for major players seeking to digitize real-world assets.
Stellar, often compared to XRP Ledger, has carved out a strategic position by focusing on payment infrastructure, asset issuance, and tokenization. This technical direction has made Stellar a favored network for financial institutions aiming to bridge conventional assets with blockchain innovations. The growth is further supported by the Stellar Development Foundation, a nonprofit committed to advancing the platform’s capabilities globally.
Data from the RWA Foundation revealed that the value of on-chain real world assets on the Stellar network has breached the 3 billion dollar mark, representing a pivotal moment in the ecosystem’s evolution.
Rising to the top in tokenized investment strategiesStellar’s boom isn’t limited to overall RWA value. The network now holds the top spot in the category of value distributed in tokenized active investment strategies, reaching 620 million dollars. This reflects not only asset representation but a growing adoption of digital investment vehicles on the Stellar blockchain.
Setting itself apart from the competition, Stellar’s distributed value in this space outpaces leading rivals. Ethereum, for instance, claims second place with 342.9 million dollars, while Mantle and Avalanche lag behind at 113 million and 108.6 million dollars, respectively. These figures underscore Stellar’s growing clout among both institutional and retail investors seeking blockchain-based investment products.
NetworkDistributed ValueStellar620 million dollarsEthereum342.9 million dollarsMantle113 million dollarsAvalanche108.6 million dollarsStellar pulls ahead of Ethereum and SolanaThe ranking continues with Polygon at 82.3 million dollars, Arbitrum at 70.8 million, Monad at 61.3 million, Base at 40.4 million, and Plume Network at 36.9 million dollars. Solana trails with only 26.7 million dollars in distributed value, occupying a lower position on the list.
This landscape reveals that Stellar has overtaken even larger ecosystems like Ethereum and Solana specifically within the sphere of tokenized investment products. The platform’s recent gains signal a changing dynamic in the pursuit to bring real world assets into the blockchain space, intensifying the competition among major networks.
Stellar has surged ahead of rival networks in tokenized active investment strategies, boasting a distributed value of 620 million dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The crypto market may be sitting on a fragile foundation. According to a recent market health assessment from the CEO of Alphractal, unliquidated long positions have piled up across Bitcoin, Ethereum, XRP, and Solana, creating conditions where even a modest pullback could trigger a broader wave of selling.
The concern isn’t that prices have already collapsed. It’s that leveraged traders continue betting on higher prices while the market has produced only a weak advance. That imbalance, if left unresolved, could become the catalyst for a much sharper move lower.
Long Positions Continue To Stack UpLeverage has been doing most of the heavy lifting lately. The diagnosis suggests that BTC, ETH, XRP, and SOL now carry a significant buildup of long positions accumulated over the past month. These trades all depend on continued upside momentum, but without a strong breakout, they become increasingly vulnerable.
When too many traders are positioned on the same side of the market, price weakness can quickly turn into forced liquidations.
Domino Effect Could Hit Multiple AssetsThe warning extends beyond a single cryptocurrency. If a meaningful pullback begins, the analyst believes liquidations could spread rapidly across both derivatives and spot markets, amplifying selling pressure through a chain reaction. Among the major assets, Ethereum, Solana, and XRP are viewed as carrying greater short-term leverage risk than Bitcoin because of the heavier concentration of long positions.
That doesn’t guarantee a correction, but it does increase market sensitivity to negative price momentum.
Why A Cleanup May MatterOnce again, unliquidated Long positions are dominating BTC, ETH, XRP, and SOL.
The market has moved up very weakly over the past few days, and the current moment deserves a bit more attention.
Any slip in the next few hours could allow bears to take control, triggering a new… pic.twitter.com/PsDowAswSY
— Joao Wedson (@joao_wedson) July 7, 2026 The crypto market has seen this pattern before. Excess leverage often fuels sharp volatility, but it can also clear out speculative positions.
According to the assessment, removing excessive leverage may ultimately create healthier market conditions and lay the groundwork for a stronger recovery later. Until then, however, traders could face additional downside pressure and elevated fear if long positions begin unwinding across the market.
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UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
3 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
3 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
3 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
3 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
3 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
3 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
3 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
3 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
3 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
3 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
3 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
3 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
3 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
3 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
3 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
3 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
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Ethereum co-founder Vitalik Buterin has a revised technical roadmap that researchers broadly support. The problem: they're also impatient.
Buterin's updated "strawmap," published July 5 following Ethereum's Berlin research summit, describes a three-to-four-year protocol overhaul that would touch nearly every major component of the network — consensus layer, execution environment, state management, and cryptography. The framework, dubbed "Lean Ethereum," is the most comprehensive restructuring proposal since the 2022 Merge that moved the network from proof-of-work to proof-of-stake.
Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.
The updated strawmap is at https://t.co/HZEerH1xxI, and I attached a picture of it to this post.
My… pic.twitter.com/KPGayHSySf
— vitalik.eth (@VitalikButerin) July 4, 2026 The headline priorities in the updated roadmap are quantum resistance and privacy, both elevated to immediate concerns rather than long-horizon objectives. Quantum resistance involves replacing the elliptic curve cryptography underlying Ethereum's signature scheme with quantum-safe alternatives — work the industry treats as increasingly urgent given advances in quantum computing research. Privacy is now designated a "first-class goal," meaning core protocol components will be designed to enable private, trustless transactions by default, rather than layering privacy solutions on top.
The technical architecture also shifts how Ethereum verifies itself. Rather than every node re-executing every transaction, the network plans to adopt recursive STARKs — a cryptographic proof system that allows a single node to verify that work was done correctly by checking a compact proof, rather than repeating it. The goal is a lighter, faster network that is cheaper to operate and harder to censor.
Ethereum's current "flexible state" — the running record of every account balance, smart contract, and token ledger — would be capped in its current form while new, more scalable state types are introduced. The long-term EVM replacement, RISC-V, remains under consideration as the preferred instruction set architecture for a post-EVM Ethereum.
The market has responded positively. ETH traded at $1,780.99 as of Tuesday, up 11.92% over seven days and 0.04% in the past 24 hours, according to CoinMarketCap data. Bitcoin was at $63,411, up 5.78% over the week.
The execution timeline is where consensus fractures. Ethereum core developers broadly endorse the roadmap's direction but are pressing for faster delivery. The Strawmap remains a multi-year programme with no guaranteed hard dates — a structural reality that sits uncomfortably against a competitive landscape where Solana has gained significant developer and institutional ground on throughput and latency.
The fork choice between a technically superior but slower roadmap and a market that rewards speed is one Ethereum's research community has not yet resolved.
Bitmine Immersion Technologies (@BitMNR) has added another $74 million worth of Ether to its growing treasury, with chairman Tom Lee (@fundstrat) citing the improving legislative outlook for the CLARITY Act as a key driver behind the firm's continued accumulation.
Another $74 Million in ETH Bitmine bought 42,197 $ETH last week, worth about $74 million, continuing its buying spree. The latest purchase lifted the company's holdings to 5.74 million ETH, according to a Monday update. The firm now holds 5,742,237 ETH worth $10.3 billion, making it the largest public corporate Ethereum holder with 4.758% of the total supply. That puts Bitmine within striking distance of its self-described "Alchemy of 5%" target, a goal of controlling more than 5% of all Ether in existence.
The acquisition marks an increase from the prior week's purchase of 27,084 ETH, though it remains below the six-figure weekly buying pace Bitmine maintained earlier this year. Bitmine's continued buying contrasts with a shift at Strategy (MSTR), the largest digital asset treasury and corporate bitcoin holder, which sold about $216 million worth of BTC to raise cash.
Lee Points to CLARITY Act as Catalyst Chairman Thomas Lee attributed ETH's recent outperformance of bitcoin and Bitmine's continued accumulation to rising investor optimism that the proposed CLARITY Act will pass and bring greater regulatory certainty to crypto, especially Ethereum. "We believe regulatory clarity is an important milestone, enabling crypto, particularly smart contract platforms like Ethereum, to benefit as crypto becomes part of our everyday life," Lee said. He pointed to Ethereum layer-2 networks processing USDC transactions for companies including Shopify and Visa as examples of blockchain technology moving into mainstream payments.
The CLARITY Act has made notable progress in Washington in recent months. The cryptocurrency industry notched a key win after a Senate panel approved the bill, the first wide-ranging piece of legislation pertaining to the industry. On June 1, 2026, a new version of the Senate Banking bill was published, and the CLARITY Act was placed on the Senate Legislative Calendar under General Orders, making it formally eligible for full Senate floor consideration. However, to become law, the bill must still be reconciled with the Senate Agriculture Committee's version, pass a 60-vote Senate floor vote, be reconciled with the House-passed version, and be signed by the President.
Beyond the treasury build, the company has staked more than 4.8 million ETH through its MAVAN staking platform and related infrastructure, generating recurring staking income alongside its treasury strategy. According to the company, annualized staking rewards at current rates could reach approximately $277 million when its Ether treasury becomes fully deployed through MAVAN and affiliated validators.
Sources:
CoinDesk: Bitmine buys 42k ETH while Tom Lee bets on Clarity Act boost
CoinGecko: BitMine Immersion Crypto Treasury Holdings
CNBC: Clarity Act clears Senate Banking Committee
According to a recent update, Ethereum has already taken the lead in the financial infrastructure for digital dollars and tokenized assets, and this is not just hype.
Artemis reported that Ethereum has more than $150 billion in on-chain stablecoin liquidity. This is noteworthy because stablecoins represent actual economic activity rather than speculative activity.
Source: Whale Factor/X Ethereum’s market dynamics This occurred at a time when the price of Ethereum [ETH] was trading at $1,748.47 at press time, following an 11% increase over the previous week.
Source: SoSo Value The ETH ETF, on the other hand, has been experiencing a prolonged period of outflows with a few exceptions.
However, on the 1st and 2nd of July, ETH ETFs recorded inflows worth $14.8 million and $29 million, respectively, highlighting renewed momentum.
Is buying momentum slowly rearing or ETH? At the same time, many analysts are eyeing the $1,750–$1,800 range as a critical level because it has frequently served as a barrier where sellers have intervened to stop additional gains.
Ethereum has retreated in price every time it has approached this zone lately due to increased selling pressure from traders aiming to short the asset or take profits.
This shows that at those levels, supply has outpaced demand. However, Ethereum has the potential to indicate that buyers have absorbed the available selling pressure, provided it were to hold above $1,750–$1,800 with strong trading volume.
Community sentiments echo bullish notions for the altcoin Interestingly, echoing somewhat similar sentiment, another analyst added,
ETH just double bottomed.
In other words, a double bottom occurs when the price of Ethereum hits a support level, bounces back, falls back to about the same level without breaking lower, and then rises once more. It is often seen as an indication that buyers are starting to regain control despite the selling pressure trying to barge in.
Therefore, the analyst predicted it best when he added,
~8,500 for ETH by mid 2027, thanks to stablecoins and RWA moving onchain.
What’s more? Meanwhile, Ethereum has also entered a new stage of development with Lean Ethereum, a multi-year plan to completely redesign the network’s core protocol over the course of the next three to four years.
Ergo, as the gap between speculative capital inflow and network utility becomes more pronounced, it may result in further price appreciation.
Final Summary Ethereum’s on-chain stablecoin liquidity skyrockets with its price trading at $1,748.47, and ETH ETF, experiencing a prolonged period of outflows. Analysts consider the $1,750–$1,800 range as a critical price zone because it has frequently served as a barrier where sellers have intervened to stop additional gains.
While most institutional investors bet on bitcoin, BitMine chooses a different path. This tech giant listed on the stock exchange has just strengthened its position on Ethereum with a purchase of 74 million dollars. For many crypto analysts, this choice contrasts with the Strategy approach. But not only! It could also redefine Ethereum’s place (currently considered the second largest cryptocurrency worldwide) in company balance sheets.
In Brief BitMine has acquired approximately 74 million more dollars in Ethereum. The company now holds 5.74 million ETH, nearly 4.8% of the circulating supply. Over 4.87 million ETH are already staked on Ethereum, generating recurring income. Its chairman Tom Lee believes that the evolution of the US regulatory framework could accelerate institutional adoption of Ethereum. This strategy contrasts with Strategy’s, which remains largely focused on bitcoin. Ethereum: BitMine Approaches Its Goal of 5% of Supply According to data published on July 5, BitMine now holds 5,742,237 ETH. This represents an increase of 42,197 tokens compared to its previous report. The reference price is about $1,759 per token at the time of declaration. This means that the latest Ethereum purchase by BitMine amounts to nearly 74 million dollars.
This announcement is particularly important as it places BitMine at 4.8% of the Ethereum supply. Thus, the company has already covered about 95% of the path towards its stated goal: 5% of the total crypto treasury of the network.
It is even evident that BitMine’s buying pace has accelerated significantly compared to the previous week. The data shows the acquisition of only 27,084 ETH then. However, this latest acquisition remains lower than the six-figure pace that BitMine Immersion Technologies maintained earlier this year.
Good to know: the group’s total holdings now reach $11.1 billion. These include its stakes in Beast Industries and Eightco Holdings, cash, crypto assets, and various investments.
Ethereum Outperforms Bitcoin Thanks to the CLARITY Act According to data, Ethereum outperformed Bitcoin by 6% last week. BitMine chairman Tom Lee attributes this momentum to growing optimism among crypto investors about the imminent adoption of the Clarity Act. On Polymarket, for example, the likelihood that this legislation will be passed by the end of the year is evaluated at about 48 to 50%. This is the highest level in two weeks.
Some crypto figures hope for a vote by the end of summer. This is notably the case for Scott Benson. Note that this bill requires 60 votes to pass. This threshold is uncertain given reservations from several Democratic lawmakers on ethical questions.
For his part, Lee said:
We believe that regulatory clarity is an important step that will allow cryptocurrencies, and particularly smart contract platforms like Ethereum, to benefit from their growing integration into our daily lives.
According to him, the increase in the ETH/BTC ratio in recent days is a sign: the crypto market already anticipates a more favorable adoption of the legislation. To support this thesis, Tom Lee even cites the growing use of Layer 2 Ethereum networks. They now process USDC transactions for players like Shopify and Visa.
Breakdown: the technology is already integrating into mainstream payment infrastructures.
Graph showing the evolution of the ETH/BTC ratio over a 7-day period (Source: TradingView) Ethereum Staking: BitMine’s Financial Engine Versus Strategy Strategy has just sold 3,588 BTC for about 216 million dollars to:
finance its dividends; keep a reserve of 2.55 billion dollars. BitMine’s strategy is quite different. It finances its own distributions through the yield generated by Ethereum staking.
Of its 5.74 million ETH, 4,879,157 tokens are currently staked via the MAVAN platform. This equates to roughly 8.8 billion dollars, or 85% of the company’s total holdings. The seven-day staking yield stands at 2.68% annualized. This has generated a projected income of 235 million dollars per year. This figure could rise to 277 million dollars once all positions switch to MAVAN. This revenue stream funds the BMNP preferred stock payment, whose weekly dividend reaches a rate of 9.5%.
Thus, BitMine and Strategy display two distinct philosophies in crypto treasury management:
on one side, selling assets to meet financial commitments; on the other, generating native yield via Ethereum without having to liquidate the principal capital. A Notable Point: Ethereum Rises, but BitMine Stock Remains Under Pressure Despite this favorable momentum on Ethereum, the BMNR stock still struggles to convince financial markets. The proof: the stock currently trades 49.3% below its 200-day moving average. Data also highlight the formation of a death cross since January. Even worse! June recorded the annual low, close to $12.80.
For investors tracking BMNR, the 20-day moving average level at $15.23 constitutes the first resistance to overcome to trigger a sustainable technical rebound. Conversely, a break below June’s low would reopen the path to a new bearish phase, with no major support identified below this threshold.
This discrepancy between the conviction shown on Ethereum by management and BitMine’s market valuation illustrates ongoing market caution toward crypto treasury strategies, even when the underlying token’s fundamentals improve.
In any case, BitMine’s accumulation of Ethereum reflects a bet on American regulatory clarity. It remains to be seen if the Senate will approve the CLARITY Act. This awaited vote could sustainably redefine the balance between Bitcoin and Ethereum in the crypto market.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
