Track market-moving stories before they get noisy

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U.S. spot Bitcoin and Ethereum ETFs posted combined net outflows of $310.62 million on July 24, ending a period of relative calm for crypto exchange-traded products, according to data tracked by SoSoValue and first reported by the original report. The reversal was particularly sharp for Ethereum funds, which had attracted capital for five consecutive trading sessions before Thursday’s decline. Bitcoin ETFs accounted for $240 million of the daily outflow, while Ethereum ETFs shed $70.62 million.

A Sudden Reversal for Ether Funds The five-day inflow streak highlighted a period where traders had been quietly rotating into ETH products, possibly driven by improving network fundamentals and a rebound in decentralized finance activity. That momentum evaporated in a single session. The $70.62 million in outflows ended the longest run of consecutive inflows for the young Ethereum ETF category since its second week of trading. While the day’s total may seem modest, the abrupt stop underscores how quickly sentiment can shift in these vehicles, where a handful of large institutional orders can tip the daily tally.

Bitcoin Products Bleed $240 Million Bitcoin ETFs suffered deeper wounds. The $240 million in net outflows hit products across the board, with little distinction between low-fee and high-fee issuers. Although daily flow data is inherently noisy, this was one of the larger single-day exits in recent weeks and suggests that broader de-risking, rather than issuer-specific rotation, was at play. Some analysts pointed to macroeconomic jitters or month-end rebalancing, but no single catalyst stood out in public data. The outflows unfolded against a tumultuous regulatory backdrop. With the Senate set to vote on a landmark crypto bill within days, traditional banks launched aggressive last-minute lobbying efforts to reshape the legislation, a fight that has added uncertainty to institutional positioning as covered in detail.

Sentiment Check: Macro or Crypto Cyclical? Divining the exact trigger is difficult. ETF flows often lag price moves, and July 24 saw a slight pullback in both Bitcoin and Ether spot prices, which may have prompted late-day redemptions. Liquidity tends to thin out in the summer months, magnifying the impact of even moderate selling pressure. For Ethereum ETFs, the timing is notable because the products are still building an institutional base; a sustained outflow streak could discourage fence-sitters who have been waiting for steadier demand signals before committing capital. Even as ETF flows turned negative, underlying network activity told a different story. Data on developer engagement across major blockchains showed sustained momentum on Ethereum and other layer-1 networks, as highlighted in a recent analysis, suggesting that long-term builders remain unfazed by short-term fund flows.

What Comes Next for the ETF Complex Whether this single-day outflow marks a turning point or a fleeting bout of profit-taking is the open question traders are asking. The rest of the week’s flow data will matter more than any single session. If ETFs fail to recover inflows quickly, it could signal that the recent wave of institutional demand—particularly for Ethereum products—was more tentative than it appeared. On the other hand, a rebound would suggest that July 24 was merely a statictical blip amplified by low volume. The narrowing gap between Bitcoin and Ether ETF flows also bears watching; any sustained preference for one over the other could reshape narratives around which asset is winning institutional mindshare in the current cycle.

AUTHOR

Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.

Over $100 million entered the funds tracking the altcoin in the past week.

The spot Bitcoin exchange-traded funds ended their third consecutive week in the green, but momentum faded at the end of it.

In the meantime, the funds tracking Ethereum continue to outperform, gaining over $100 million as the underlying asset challenged the $1,950 level.

BTC ETFs Still in the Green but… The funds tracking the market leader were in a tough spot for weeks. Eight, to be precise. In this streak that began in mid-May and felt it went on for eternity, they saw over $8 billion withdrawn from investors, with the total net inflows going down from over $59.34 billion to $51.08 billion on July 2.

However, investors finally changed their tune at this point and broke this negative trend during the first full week of July, inserting nearly $200 million. Another $75.67 million followed during the subsequent week, and the one that just ended began on a high note. In fact, the actual net inflows stood at approximately $1 billion during the seven consecutive green days – from July 14 until July 22.

This coincided (or propelled) with bitcoin’s price rally that drove the asset to $67,000 on Wednesday for the first time in over a month. However, the asset was rejected there, driven south to $64,000 on Friday, while the ETF outflows returned. On Thursday and Friday, investors pulled out $225.18 million and $240 million, respectively.

As such, even though the week ended slightly in the green, it was a relatively modest $33.79 million.

Spot Bitcoin ETFs Net Flows. Source: SoSoValue ETH ETFs Still Do Better A rather interesting trend that began two weeks ago was replicated once again. The spot Ethereum ETFs turned out to be more attractive to investors, with almost $104 million in net inflows. Only one day was in the red, with investors pulling out $70.62 million on Friday. Before that, they had poured in $38.09 million on Monday, $37.47 million on Tuesday, $72.64 million on Wednesday, and $26.32 million on Thursday.

You may also like: Bitcoin ETFs Edge Closer in Japan as Regulators Tighten Crypto Oversight The ETF Battle Between Gold and Bitcoin: Is BTC Really Losing? Bitcoin Nears Final Stage of Bear Market Window – Is a Broader Recovery in Sight? Perhaps due to these rather impressive numbers, the underlying asset surged past $1,900 mid-week and peaked at just over $1,950. However, it couldn’t keep the momentum going and slipped by about $100 on Friday and Saturday.

The total net inflows of the ETH ETFs have recovered over $200 million in the past three weeks, but are still well below the $12.09 billion seen in May.

Spot Ethereum ETF Flows. Source: SoSoValue Tags:

18h05 ▪ 4 min read ▪ by Fenelon L.

Summarize this article with:

The US spot Bitcoin and Ethereum ETFs recorded a combined net outflow of $310.62 million on July 24, 2026, according to data compiled by SoSoValue. This slowdown marks the end of a relatively calm period for crypto-listed products. The reversal mainly affects Ethereum funds, which had seen five consecutive days of inflows.

In brief Bitcoin ETFs accounted for the majority of outflows with $240 million Ethereum ETFs lost $70.62 million, breaking a five-day inflow streak No single catalyst: macro de-risking, spot price decline, and reduced summer liquidity Ethereum Loses Momentum After Five Days of Inflows The five days of inflows just concluded indicate a discreet but real rotation of capital towards ETH products. Network fundamentals improving, DeFi activity picking up: the reasons for this movement were many, as already shown by the recent analysis of Bitcoin ETF flows. 

This momentum evaporated in a single session. With $70.62 million in net redemptions, the young category of Ethereum ETFs sees its longest consecutive inflow streak end since its second week of existence. 

The amount may seem modest relative to the capital at stake. But the sudden stop reminds of a reality of these vehicles: a few institutional orders are enough to flip the daily balance.

Bitcoin ETFs bled harder. The $240 million net outflows hit all issuers, with fee differences making no difference in the outcome. The figure ranks among the largest daily drops in recent weeks, even though flow data remains inherently volatile. 

It depicts a fairly broad de-risking movement, not a simple capital waltz from one fund to another. Some analysts point to macroeconomic tensions. Others mention end-of-month rebalances. No isolated element stood out in the public data from July 24.

The Regulatory Context Adds to Uncertainty Finding a single trigger is a challenge. ETF flows often follow prices with a lag, and July 24 saw both Bitcoin and Ether retreat slightly during the session, which may have triggered last-minute redemptions. Thinner summer liquidity amplifies such moves. 

For Ethereum ETFs, the timing is especially sensitive because these products are still seeking their institutional base. A prolonged series of outflows could deter investors who were waiting for stronger signals before entering. Yet, the fundamentals of underlying networks paint a different picture. 

Developer engagement on Ethereum and major layer-1s remains strong, proof that long-term builders are not having their roadmaps dictated by daily ETF flows.

The rest of the week will show whether July 24 was just a hiccup or the start of a heavier trend. The flows in the coming sessions will matter more than this isolated figure. If inflows do not resume quickly, the institutional demand from recent weeks, especially on the Ethereum side, could prove more fragile than expected. A rebound, on the other hand, would relegate July 24 to a statistical accident, inflated by summer volumes. 

BlackRock has also shown that major issuers know how to restart the engine when conditions are right. The narrowing gap between Bitcoin and Ethereum flows also deserves attention: a lasting preference for one asset or the other could redraw the map of institutional adoption in the current cycle.

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Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

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 world’s largest stablecoin now travels between blockchains as USDT0, a version its builders insist is not a wrapped token, while its mechanics lock collateral in an Ethereum vault and mint claims elsewhere. Here is how it actually works, who runs it, what the trust stack contains, and why a gas tank on a new chain runs on it.

Summary

USDT0 is the omnichain version of Tether’s USDT, launched in January 2025, that lets the world’s largest stablecoin operate on blockchains where Tether has not deployed a native contract. It runs on LayerZero’s Omnichain Fungible Token standard: real USDT is locked in a contract on Ethereum, and USDT0 is minted one-to-one on destination chains, with transfers executed by burn-and-mint messaging, not bridge liquidity pools. It is operated not by Tether but by Everdawn Labs under license, a structural nuance that defines the trust stack: holders carry Tether’s reserve risk plus the lockbox contract plus LayerZero’s verification layer. The system has scaled fast: more than $50 billion in cumulative transfers by late 2025, daily volumes in the hundreds of millions, deployments across chains from Arbitrum to Plasma, and a starring role as the native gas token of Stable’s payments chain. The marketing insists USDT0 is not a wrapped token. The mechanics are lock-and-mint. Resolving that tension honestly is most of what a holder needs to understand. Every successful monetary instrument eventually faces the geography problem: the money is in one place, and the demand is in another. Gold solved it with certificates, banks with correspondent accounts, and Tether, whose USDT is the most used digital dollar on earth, faced it acutely by 2024, when the stablecoin’s natural habitat, Ethereum and Tron, no longer contained the frontier of activity.

New chains launched monthly, each wanting the deepest dollar in crypto, and Tether’s options were unattractive: deploy a native USDT contract on every chain, multiplying operational and compliance surface with each launch, or let third-party bridges wrap USDT into a zoo of incompatible IOUs, the wrapped-asset sprawl that fragmented liquidity and produced some of crypto’s worst exploits.

USDT0, launched in January 2025, is the third option: one canonical collateral pool, on Ethereum, feeding a single standardized representation that travels anywhere, minted and burned by cross-chain messages instead of shuffled through bridge pools.

Eighteen months later, it has moved more than $50 billion cumulatively, colonized the new-chain frontier, and become something no wrapped asset ever was: the native gas token of an entire blockchain. Its operators insist, emphatically, that it is not a wrapped token. Its mechanics are a lockbox and a mint. Both statements are doing work, and understanding the gap between them is the point of this guide.

The mechanics, step by step USDT0 is built on LayerZero’s Omnichain Fungible Token standard, OFT, and the cleanest way to understand it is to follow one dollar through the system.

Start with issuance. A market maker or exchange holding native USDT on Ethereum deposits it into the USDT0 lockbox, a smart contract on Ethereum mainnet that serves as the system’s single collateral vault. Upon deposit, an equal amount of USDT0 is minted on the destination chain of choice, Arbitrum, Berachain, HyperEVM, Plasma, Stable, or any other connected network. The mainnet USDT never leaves the vault; what circulates elsewhere is the omnichain representation, backed one-to-one by the locked collateral, with supply across all chains reconciled against the vault’s balance and attested through on-chain proof-of-reserves.

Now move it. When a holder sends USDT0 from chain A to chain B, no asset crosses anywhere. The OFT contract on chain A burns the tokens; LayerZero’s messaging layer carries a verified instruction to chain B; the contract on chain B mints the same amount to the recipient. The verification is the system’s load-bearing component: each message is attested by a configurable set of Decentralized Verifier Networks, DVNs, independent parties that confirm the source-chain burn actually happened, and delivered by an executor on the destination chain.

Because transfers are burn-and-mint against one canonical pool, there are no per-chain liquidity pools to drain, no slippage between chain versions, and no bridge inventory to exploit in the way that destroyed earlier designs; the attack surface concentrates instead in the messaging layer and its verifier configuration, which is where any honest risk analysis must spend its time.

Exit works in reverse: burn USDT0 anywhere, unlock native USDT from the Ethereum vault, redeem through Tether’s ordinary channels. The system also extends beyond the dollar, with the same architecture carrying XAUT0, the omnichain version of Tether Gold, and the roster of connected chains has grown to include most of the venues where new stablecoin activity concentrates.

Who actually runs it Here is the structural fact most coverage elides, and it matters more than any throughput statistic: USDT0 is not operated by Tether.

The system is built and run by Everdawn Labs, a separate company operating under license from Tether, announced as the deployment partner in January 2025 for chains where Tether chose not to run a native mint. Tether’s relationship to the system is that of licensor, collateral issuer, and, as of February 2026, strategic investor in LayerZero Labs itself, an investment that formalized the alignment between the dollar, its omnichain vehicle, and the messaging layer underneath both. The arrangement mirrors patterns elsewhere in stablecoin infrastructure, where issuers increasingly delegate chain expansion to specialized partners instead of operating every deployment themselves.

For a holder, the delegation defines the trust stack, and the stack should be enumerated, not gestured at.

Layer one: Tether’s reserve risk, the same exposure any USDT holder carries, that the collateral behind the dollar is what the attestations say.

Layer two: the lockbox, an Ethereum smart contract whose integrity secures the entire omnichain supply; a flaw there is a flaw everywhere at once.

Layer three: LayerZero’s messaging, specifically the DVN configuration chosen for USDT0, since the verifiers who attest cross-chain messages are the parties who could, in a failure or compromise scenario, authorize mints that should not exist.

Layer four: Everdawn’s operational competence across all of it. Native USDT on Ethereum or Tron is a direct claim on Tether. USDT0 on a frontier chain is a claim on locked USDT, mediated by a contract, a messaging protocol, a verifier set, and an operator.

In calm conditions, the distinction is invisible, the tokens are fungible in practice, and the peg has held. The distinction exists for the other conditions, which is what trust stacks are for.

Wrapped or not? Adjudicating the claim Everdawn’s positioning is explicit: USDT0 is not a wrapped token or a synthetic asset; it is USDT, extended across blockchains. The mechanics described above are, equally explicitly, lock-and-mint, the same skeleton as every wrapped asset since WBTC. Both claims can be examined honestly, and the resolution is more informative than either slogan.

What the not-wrapped claim gets right is the difference in kind from the wrapped-asset era’s actual pathologies. Classic wrapping was fragmentary: every bridge minted its own IOU, so one dollar became five incompatible tokens across five chains, each backed by a different custodian or pool, each trading at its own slight discount, each an island of risk.

USDT0 is canonical and unified: one standard, one collateral pool, one supply reconciliation, fungible representations everywhere, with the issuer’s blessing and proof-of-reserves attached. It also avoids the liquidity-pool bridge model whose drained pools produced the industry’s worst losses; burn-and-mint against a vault has no inventory to steal on the transfer path. In the dimensions that made wrapped a warning label, fragmentation, unofficial issuance, pool risk, USDT0 is genuinely something else.

What the claim obscures is that the something else still has the wrapped structure’s irreducible core: the circulating asset on the destination chain is a representation, and between it and the underlying dollar sit contracts, messages, and verifiers that native USDT holders do not depend on.

The honest taxonomy is that USDT0 is an official, canonical, issuer-aligned wrapper, the best-constructed version of the category, marketed as the category’s transcendence. Holders should adopt the engineering description rather than the marketing one, not because failure is likely, the system’s eighteen months have been clean, but because the description determines where to look when evaluating any chain, protocol, or yield product built on top of it: at the DVN configuration, the lockbox, and the operator, the three components a native-USDT analysis would never need to mention.

A note on what the numbers above are measuring, because USDT0 statistics arrive in three units that coverage routinely conflates. Cumulative transfer volume, the $50 billion figure, counts every cross-chain movement since launch and grows monotonically; it measures usage of the messaging rails, and a single market maker cycling inventory daily can generate billions of it.

Daily transfer volume, the hundreds of millions, measures current throughput and is the honest activity gauge. And outstanding supply, the amount of USDT locked in the Ethereum vault backing circulating USDT0, measures adoption as a stock: how many dollars actually live on the frontier at any moment, which is the number that matters for assessing both the system’s importance and its blast radius.

The three can tell different stories simultaneously: high cumulative volume with modest outstanding supply describes a busy corridor more than a settled population, and the disciplined reader checks which unit any headline is using before concluding anything.

The public dashboards report all three, and the ratio between daily volume and outstanding supply, the velocity of the omnichain dollar, is quietly the best single indicator of what USDT0 is being used for: high velocity signals bridging and arbitrage traffic, while a falling ratio with growing supply signals the thing the system was actually built for, dollars moving to new chains and staying there.

The precedent stack: how crypto got here USDT0’s design is best appreciated against the three generations of cross-chain dollar movement it is trying to retire, because each generation’s failure wrote one of its requirements.

Generation one was the custodial wrap, WBTC’s model applied everywhere: a trusted custodian holds the asset, a merchant mints the representation, and the trust is institutional. It worked, and it concentrated risk in single custodians whose failure would orphan every wrapped unit, a structure acceptable for one flagship asset and unworkable for a dollar meant to exist on thirty chains.

Generation two was the liquidity bridge: pools of the asset parked on both sides of a route, with transfers swapping against the inventory. This is the architecture behind the industry’s grimmest leaderboard, the Ronin, Wormhole, and Nomad exploits that together lost billions, because pooled inventory is a honeypot and bridge code guarding it became the most attacked surface in crypto.

Generation three was canonical-but-fragmented: issuers deployed native contracts chain by chain, which eliminated wrapper risk and created its own sprawl, the same dollar as incompatible deployments, unofficial bridged versions filling every gap the issuer had not reached, and users left to guess which contract address was real, a confusion that persists in every wallet’s token list today.

USDT0 is the fourth-generation answer, and its design choices map one-to-one onto the predecessors’ wounds: a single canonical collateral pool instead of custodial fragmentation, burn-and-mint messaging with no pooled inventory to drain, issuer alignment and proof-of-reserves instead of unofficial IOUs, and one standard identity across every chain instead of the address-guessing game.

What it could not design away is the residual that every cross-chain system shares: a verification layer whose honesty the whole structure rests on, which in USDT0’s case is LayerZero’s DVN configuration. The generational history is therefore the fairest way to grade the system, dramatically safer than bridges, structurally cleaner than fragmented wraps, and still, irreducibly, a machine whose security equals the integrity of the parties attesting its messages.

Crypto has not escaped that equation; it has, in USDT0, produced its most disciplined answer to it so far, with the largest dollar in the industry as the test load.

Why it matters: the gas tank case study The clearest demonstration of what USDT0 changes arrived when Stable, the Tether-ecosystem payments chain, made it the network’s native gas token, the first time the fuel of an entire Layer 1 has been a representation of somebody’s dollar.

The design solves a real problem this publication’s stablechain coverage has examined: on general-purpose chains, users must hold a volatile native asset to move their stable one, an absurdity for payments. Stable’s v1.2.0 upgrade in February retired its earlier wrapped-gas workaround and made USDT0 the chain’s fee asset directly, so a user’s balance and their fuel are the same dollar, with simple transfers gas-exempt entirely.

None of that is possible with mainnet-native USDT, which cannot leave Ethereum; it is possible with USDT0 precisely because the omnichain layer lets a new chain import the world’s deepest dollar at launch, liquidity, brand, and users included, without waiting for Tether to deploy natively.

The same import logic explains USDT0’s spread across the frontier generally: for a new chain, connecting to the standard is the difference between launching with dollars and launching with promises.

The strategic reading completes the picture. USDT0 converts USDT from a multi-chain asset into a network: one vault, many outlets, centrally standardized, and it does so under the Tether ecosystem’s own governance, not through third-party bridges it cannot control.

Every new chain that adopts the standard deepens the moat of the underlying dollar, which is why the system’s growth, $50 billion moved, hundreds of millions daily, a gas tank on a purpose-built chain, is best understood not as bridge traffic but as the largest stablecoin building its own distribution grid. The dollar stays in the vault. The claim on it goes everywhere. Whether that is called wrapping or extension matters less than knowing which one you hold.

A final calibration on scale, because the numbers reframe what kind of object this is. USDT’s total circulation runs in the $150-billion-plus range across all chains, and USDT0’s share of it, while growing fast, remains the frontier slice: the omnichain system’s cumulative $50 billion in transfers and nine-figure daily volumes measure movement, not stock, and the locked collateral backing all outstanding USDT0 is a single-digit percentage of total USDT. That proportion is the honest size of the experiment: the vast majority of the world’s largest stablecoin still lives natively on Tron and Ethereum, where remittance corridors and exchange settlement run on decade-old rails, and USDT0 is the expansion mechanism for everywhere else, the new chains, the payments experiments, the frontier.

The proportion also explains the system’s risk posture from Tether’s side: delegating the omnichain layer to a licensed operator quarantines the frontier’s novel risks, messaging, verifiers, new-chain exposure, away from the core deployments that carry the float. If the omnichain layer ever failed, the damage would be severe for the connected chains and contained for the dollar itself, a separation that is prudent engineering from the issuer’s chair and worth internalizing from the holder’s: USDT0’s guarantees are engineered to protect USDT first.

As the frontier grows into the core, on Stable above all, that proportion will shift, and the omnichain layer’s security budget, scrutiny, and systemic weight will have to grow with it. The system’s first eighteen months earned it the benefit of the doubt. Its next test is carrying a meaningful fraction of the world’s working dollar, which is a different weight class, and the honest summary for any user is the one this guide began with: know which dollar you hold, and know the stack standing between it and the vault.

Frequently Asked Questions What is USDT0 in one sentence? USDT0 is the omnichain version of Tether’s USDT: real USDT is locked in a vault contract on Ethereum, and an equivalent amount of USDT0 is minted on destination blockchains, letting the stablecoin operate on networks where Tether has no native deployment, with cross-chain transfers executed by burn-and-mint messaging through LayerZero rather than traditional bridges.

Who issues and operates USDT0? Everdawn Labs, a separate company operating under license from Tether, not Tether itself. Tether issues the underlying USDT collateral and announced the partnership in January 2025; in February 2026, it also made a strategic investment in LayerZero Labs, whose messaging standard the system uses. The delegation matters for risk analysis: USDT0 holders depend on Everdawn’s operations and LayerZero’s verification in addition to Tether’s reserves.

How is USDT0 different from bridged or wrapped USDT? Structurally similar, institutionally different. Like wrapped assets, USDT0 is a representation backed by locked collateral. Unlike the wrapped-asset era, it is canonical and unified: one official standard with one Ethereum collateral pool, issuer alignment, proof-of-reserves, and fungible supply across chains, replacing the fragmented, unofficial IOUs of third-party bridges, and using burn-and-mint messaging with no liquidity pools to drain in transit.

What are the actual risks of holding USDT0? A four-layer stack: Tether’s reserve risk, identical to any USDT exposure; the Ethereum lockbox contract, whose compromise would affect all omnichain supply simultaneously; LayerZero’s messaging layer, specifically the Decentralized Verifier Networks configured to attest transfers, since a compromised verifier set could authorize invalid mints; and Everdawn’s operational execution. Native USDT carries only the first layer, which is the practical difference between the two.

How large is the USDT0 system? By late 2025, it had processed more than $50 billion in cumulative transfers, with daily volumes reported around half a billion dollars, and deployments spanning chains including Arbitrum, Berachain, HyperEVM, Flare, Ink, Unichain, Plasma, and Stable. The same architecture also carries XAUT0, the omnichain version of Tether Gold.

Why did Stable make USDT0 its gas token? To eliminate the volatile-gas absurdity for payments: on Stable, the dollar users hold is also the fuel they spend, with simple USDT transfers exempted from gas entirely, which is impossible with mainnet-native USDT since it cannot leave Ethereum. The February v1.2.0 upgrade made USDT0 the chain’s native fee asset, retiring an earlier wrapped-gas design and making Stable the first Layer 1 fueled by a stablecoin representation.

Can USDT0 lose its peg separately from USDT? In stressed scenarios, yes, temporarily. Because USDT0’s redemption path runs through burning the token and unlocking Ethereum collateral, disruptions to the messaging layer, verifier availability, or the lockbox could impair convertibility even while native USDT trades normally, and market prices on isolated chains could gap accordingly. In normal conditions, arbitrage keeps the representations fungible, and the system’s operating history to date has held the peg.

What should users check before relying on USDT0 on a given chain? Three things: that the token contract is the official USDT0 deployment rather than a third-party bridge version, the DVN configuration securing that chain’s connection, documented in the official USDT0 materials, and the depth of exit liquidity, either through direct redemption paths or on-chain markets, on the specific network. For protocols building on it, the verifier configuration is the core due-diligence item. This is educational information, not financial advice.

Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. It describes third-party infrastructure whose parameters, deployments, and risk profile can change. Always verify official contract addresses and documentation before transacting. Always do your own research. Information is accurate as of July 24, 2026.

Kripto para piyasasında haftalık görünüm pozitif seyrini korurken, analistler Ethereum (ETH), XRP, Cardano (ADA), Binance Coin (BNB) ve Hyperliquid (HYPE) gibi altcoinler için önemli destek ve direnç seviyelerine dikkat çekti. Değerlendirmeye göre Ethereum ve Cardano toparlanma sinyalleri verirken, XRP yatay seyrini sürdürüyor. BNB zayıf görünümünü korurken HYPE için ise düzeltme riski öne çıkıyor.

Ethereum 2.000 dolar direncine yaklaştı Ethereum son bir haftada yaklaşık %3 yükseldi. Haziran sonundan bu yana alıcıların güç kazanmasıyla başlayan toparlanma hareketi, 1.500 dolar desteğinin korunmasının ardından hız kazandı.

Analistler, şimdi gözlerin 2.000 dolar seviyesine çevrildiğini belirtiyor. Bu seviyenin güçlü bir psikolojik direnç oluşturabileceği ve kısa vadede satış baskısını artırabileceği ifade ediliyor.

Buna karşın Ethereum’un uzun vadeli düşüş trendinden tamamen çıkabilmesi için 2.000 doların destek seviyesine dönüşmesi gerektiği vurgulanıyor.

XRP 1,20 dolar direncini aşmakta zorlanıyor XRP de haftayı yaklaşık %3 yükselişle tamamladı. Fiyatın 1 dolar desteğinin üzerinde kalması olumlu değerlendirilirken, 1,20 dolar seviyesindeki direncin henüz aşılamaması dikkat çekiyor.

Analistler, işlem hacmindeki kademeli düşüş nedeniyle XRP’nin güçlü bir kırılım gerçekleştirecek momentuma sahip olmadığını düşünüyor. Şubat ayındaki sert düşüşün ardından yatırımcı ilgisinin tam olarak geri dönmediği belirtiliyor.

Yine de fiyatın 1 dolar üzerinde kalmayı sürdürmesi, satış baskısının sınırlı kaldığını gösteren önemli bir gelişme olarak değerlendiriliyor.

Cardano yükseliş sinyali veriyor Cardano haftalık bazda yaklaşık %6 değer kazanarak incelenen altcoinler arasında en güçlü performansı gösterdi.

Analistler, fiyat grafiğinde oluşan omuz-baş-omuz dönüş formasyonunun ardından 0,15 dolar desteğinin korunmasını olumlu görüyor. Ancak kalıcı bir trend değişiminin teyit edilmesi için daha yüksek dipler ve daha yüksek zirveler oluşması gerektiği belirtiliyor.

Bu senaryoda 0,25 dolar seviyesinin aşılması kritik önem taşıyor. Ayrıca haftalık MACD göstergesinin yükseliş sinyali üretmesi, satıcıların güç kaybedebileceğine işaret ediyor.

BNB zayıf görünümünü sürdürüyor Binance Coin son bir haftada kayda değer bir yükseliş gösteremedi. Analistlere göre 580 dolar direnci aşılmadığı sürece fiyatın yatay hareketini sürdürmesi veya daha düşük seviyeleri test etmesi olası görünüyor.

Azalan işlem hacmi ve volatilite de alıcıların piyasaya yeterince güçlü dönmediğini gösteriyor. Değerlendirmede, Avrupa Birliği’ndeki son düzenlemelerin de BNB üzerindeki talebi sınırlayan faktörlerden biri olabileceği ifade edildi.

Bu nedenle analistler, olası geri çekilmelerde 500 dolar seviyesini önemli destek olarak izliyor.

HYPE için düzeltme uyarısı Hyperliquid (HYPE) ise haftayı yatay tamamlasa da son bir ayda yaklaşık %5 değer kaybetti. Analistler, fiyatın 60 doların altında kalmasının satış baskısını artırabileceğini belirtiyor.

60 dolar seviyesinin altında kalıcılık sağlanması durumunda daha geniş çaplı bir düzeltmenin başlayabileceği ifade edilirken, 56 ve 52 dolar seviyeleri önemli destek noktaları olarak öne çıkıyor.

Önümüzdeki günlerde altcoin piyasasının yönü, Bitcoin’in fiyat hareketi ve kritik direnç seviyelerinin aşılıp aşılamayacağına bağlı olacak.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

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Güney Kore’nin en büyük kripto para borsalarından Upbit, yeni bir altcoin listelemesini daha duyurdu. Borsa tarafından yapılan resmi açıklamaya göre Morpho (MORPHO), 25 Temmuz itibarıyla Kore Wonu (KRW) işlem çiftiyle alım satıma açılacak. Güney Kore pazarına doğrudan erişim sağlayacak bu listelemenin, MORPHO’nun likiditesini artırması ve daha geniş bir yatırımcı kitlesine ulaşmasına katkı sağlaması bekleniyor. Duyurunun ardından tokene yönelik ilgi hızla artarken, yatırımcılar hem işlem hacmindeki değişimi hem de fiyat hareketlerini yakından takip etmeye başladı.

Upbit, MORPHO’yu KRW Pazarında Listeleyecek Upbit’in yayımladığı duyuruya göre MORPHO, 25 Temmuz saat 12.00 (TSI) itibarıyla KRW işlem çifti ile alım satıma açılacak. Güney Kore merkezli borsa, yeni listelemelerde olduğu gibi MORPHO için de belirli güvenlik prosedürlerinin uygulanacağını ve işlemlerin ağ doğrulamalarının tamamlanmasının ardından başlayacağını belirtti. Upbit’te gerçekleştirilen listelemeler, platformun yüksek işlem hacmi nedeniyle çoğu zaman ilgili altcoinlerde volatilitenin artmasına neden olabiliyor.

Morpho Nedir? Morpho, Ethereum ağı üzerine inşa edilmiş bir merkeziyetsiz finans (DeFi) protokolüdür. Ana hedefi, kullanıcıların daha optimize faiz oranlarıyla borç alma ve borç verme işlemlerini gerçekleştirmesini sağlamaktır. Protokol, özellikle Aave ve Compound gibi popüler DeFi protokolleri üzerinde çalışan bir optimizasyon katmanı olarak tasarlanmıştır. Platform, merkeziyetsiz bir kredi ve borç protokolüdür. Kullanıcılar, ERC-20 ve ERC-4626 token’larını teminat göstererek kredi alabilir veya borç verebilir. Morpho’nun benzersiz özelliği, “permissionless market creation” (izin gerektirmeyen pazar oluşturma) özelliğidir. Bu, kullanıcıların kendi risk ve faiz modellerini oluşturarak izole edilmiş pazarlar yaratmalarına olanak tanır.

İlginizi Çekebilir: Morpho Nedir?

Listeleme Sonrası Fiyat Hızla Yükseldi Upbit’in listeleme duyurusunun ardından MORPHO piyasasında alım ilgisi belirgin şekilde arttı. Açıklamanın ardından token fiyatı kısa sürede güçlü bir yükseliş kaydederek günün en dikkat çeken altcoin performanslarından birini sergiledi. Artan işlem hacmiyle birlikte yatırımcıların listeleme haberine olumlu tepki verdiği görülürken, Güney Kore pazarından gelebilecek yeni likidite beklentisi fiyat hareketini destekleyen başlıca unsurlar arasında yer aldı. Kripto para piyasasında Upbit gibi yüksek hacimli borsaların listeleme kararları, ilgili varlıklarda kısa vadeli fiyat artışlarını sıkça tetikleyebiliyor.

Kripto para piyasasında borsa listelemeleri genellikle fiyat üzerinde olumlu etki yaratsa da, kısa vadede sert dalgalanmalar görülebiliyor. Listeleme öncesinde yaşanan yükselişlerin ardından bazı yatırımcıların kar satışına yönelmesi, fiyatın hızlı şekilde geri çekilmesine neden olabiliyor. Bu nedenle uzmanlar, MORPHO işlemi yapmayı planlayan yatırımcıların listeleme sırasında oluşabilecek yüksek volatiliteyi göz önünde bulundurmaları ve risk yönetimine dikkat etmeleri gerektiğini belirtiyor.

Değerlendirme Upbit’in MORPHO’yu KRW işlem çiftiyle listeleyeceğini açıklaması, proje için önemli bir gelişme olarak öne çıkıyor. Güney Kore pazarına doğrudan erişim sağlayacak olan listeleme, tokenin işlem hacmini ve görünürlüğünü artırabilir. Ancak geçmiş listelemelerde görüldüğü gibi, yatırımcıların kısa vadeli fiyat dalgalanmalarına karşı temkinli hareket etmeleri önem taşıyor.

Son dakika kripto para haberleri için hemen tıkla

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Blok zinciri ekosisteminin büyümesiyle birlikte üretilen verinin miktarı da hızla artıyor. Ancak bu verilerin güvenilir, doğrulanabilir ve uzun yıllar boyunca erişilebilir şekilde saklanması giderek daha önemli bir sorun haline geliyor. Özellikle yapay zekâ uygulamalarının zincir üzerindeki verilere daha fazla ihtiyaç duymaya başlaması, veri altyapısını Web3 ekosisteminin en kritik bileşenlerinden biri haline getirdi. Covalent (CXT) ise tam bu noktada devreye girerek çok zincirli blok zinciri verilerini standartlaştıran, doğrulanabilir hale getiren ve geliştiricilere tek bir API üzerinden sunan merkeziyetsiz veri altyapısı oluşturmayı hedefliyor.

Covalent Network, yalnızca farklı blok zincirlerinden veri toplayan bir platform olmanın ötesinde, uzun vadeli veri kullanılabilirliği (Long-Term Data Availability), veri doğrulanabilirliği (Data Verifiability) ve yapay zekâ uygulamalarının ihtiyaç duyduğu güvenilir veri altyapısını sağlamaya odaklanıyor. Ekosistemin yerel tokeni olan CXT, ağ güvenliği, staking, yönetişim ve ekonomik teşvik mekanizmalarının merkezinde yer alıyor.

Covalent (CXT) Ne İşe Yarar? Covalent, farklı blok zincirlerinden elde edilen verileri tek bir standart altında toplayan ve geliştiricilerin bu verilere kolayca erişmesini sağlayan merkeziyetsiz bir veri altyapısıdır.

Platform, çok sayıda blok zincirindeki ayrıntılı verileri indeksleyerek bunları tek bir API üzerinden erişilebilir hale getirir. Böylece geliştiriciler, işletmeler ve araştırmacılar farklı ağlar için ayrı veri altyapıları kurmak yerine tek bir sistem üzerinden kapsamlı blok zinciri verilerine ulaşabilir.

Covalent Network aynı zamanda topluluk tarafından yönetilen merkeziyetsiz bir protokol olarak faaliyet göstermektedir. Ağın temel amacı, blok zinciri verilerinin uzun yıllar boyunca güvenilir, doğrulanabilir ve sürdürülebilir şekilde erişilebilir olmasını sağlamaktır.

Covalent Nasıl Çalışır? Covalent Network, blok zincirlerinden gelen verileri sürekli olarak toplar, indeksler ve ağ üzerinde birden fazla noktada depolar.

Toplanan veriler daha sonra GoldRush API (eski adıyla Unified API) aracılığıyla geliştiricilerin kullanımına sunulur.

Bu yapı sayesinde kullanıcılar;

Geçmiş blok zinciri verilerine, Gerçek zamanlı ağ verilerine, İşlem kayıtlarına, Akıllı sözleşme bilgilerine, Zincir üzerindeki diğer ayrıntılı verilere tek bir API üzerinden erişebilir.

Platformun hedefi, veri erişimini mümkün olduğunca standart hale getirerek farklı blok zincirleri arasında çalışmayı kolaylaştırmaktır.

Uzun Vadeli Veri Kullanılabilirliği (Long-Term Data Availability) Covalent’in en önemli odak noktalarından biri uzun vadeli veri kullanılabilirliğidir.

Proje, uzun vadeli veri kullanılabilirliğini blok zincirlerinde geçmiş verilerin yıllar boyunca erişilebilir kalması olarak tanımlamaktadır.

Ethereum ekosisteminde rollup mimarisinin yaygınlaşması, Danksharding ve EIP-4444 gibi protokol değişiklikleriyle birlikte geçmiş verilerin saklanması giderek çekirdek protokolün dışına taşınmaktadır.

Covalent Network ise bu sorumluluğu üstlenerek geliştiricilerin yalnızca güncel verilere değil, tarihsel blok zinciri kayıtlarına da güvenilir şekilde ulaşabilmesini amaçlamaktadır.

Bu doğrultuda ağ;

Ethereum, Diğer Layer-1 ağları, Farklı blok zinciri ekosistemleri için uzun süreli veri saklama altyapısı oluşturmayı hedeflemektedir.

Veri Doğrulanabilirliği (Data Verifiability) Covalent Network’ün temel özelliklerinden biri de veri doğrulanabilirliğidir.

Platform üzerinde gerçekleştirilen her veri işleme süreci kriptografik kanıtlarla desteklenmektedir.

Böylece;

Ağ operatörlerinin doğru çalıştığı, Verilerin değiştirilmediği, İşlenen bilgilerin güvenilir olduğu kriptografik yöntemlerle doğrulanabilmektedir.

Bu yapı özellikle yapay zekâ uygulamaları açısından büyük önem taşımaktadır. Çünkü AI sistemlerinin güvenilir sonuçlar üretebilmesi için doğrulanabilir veri kaynaklarına ihtiyaç duyulmaktadır.

Yapay Zekâ İçin Veri Altyapısı Covalent, kendisini yapay zekâ odaklı veri altyapısı olarak konumlandırmaktadır.

Özellikle otonom AI ajanlarının blok zinciri verilerine olan ihtiyacının artmasıyla birlikte proje;

Yapılandırılmış veri, Doğrulanabilir veri, Gerçek zamanlı veri, Çok zincirli veri erişimi sağlayarak AI uygulamalarını desteklemeyi amaçlamaktadır.

Platform, 230’dan fazla blok zincirini kapsayan veri altyapısıyla AI sistemlerinin ihtiyaç duyduğu verileri saniyenin altında gecikmeyle sunmayı hedeflemektedir.

Modüler Veri Altyapısı Covalent Network modüler bir mimari üzerine inşa edilmiştir.

Bu yapı sayesinde blok zincirlerinin veri katmanı depolama süreçleri birbirinden ayrılmaktadır.

Platformun geliştirdiği Block Specimens isimli veri formatı, blok zinciri durumunun standart biçimde saklanmasını mümkün kılmaktadır.

Bu sayede;

Ağ düğümü çalıştırmadan veri işleme, Zincir verilerinin yeniden analiz edilmesi, Standart veri şemalarının oluşturulması gibi işlemler daha verimli şekilde gerçekleştirilebilmektedir.

Çok Zincirli Destek Covalent yalnızca tek bir blok zincirine hizmet vermemektedir.

Platform;

Birden fazla blok zincirini destekleyen yapı, Standart veri modeli, Ticari veri araçlarıyla uyumluluk, Düşük donanım gereksinimi, Verimli depolama sistemi gibi özelliklerle çok zincirli veri altyapısı sunmaktadır.

Bu sayede geliştiriciler farklı ağlar arasında veri toplama süreçlerini tek sistem üzerinden yönetebilmektedir.

GoldRush API Nedir? GoldRush API, Covalent Network üzerinde indekslenen verilere erişim sağlayan ana API hizmetidir.

Eskiden Unified API olarak bilinen bu sistem, geliştiricilerin blok zinciri verilerini hızlı ve standart şekilde sorgulamasına olanak tanımaktadır.

Platform üzerindeki veri taleplerinin büyük bölümü GoldRush API üzerinden gerçekleştirilmektedir.

Covalent (CXT) Token Ne İşe Yarar? CXT, Covalent Network’ün yerel yardımcı (utility) tokenidir.

Token, ağın ekonomik yapısını oluşturan üç temel alan üzerinde kullanılmaktadır.

Ağ Yönetişimi (Governance) CXT sahipleri ağın geleceğine ilişkin karar alma süreçlerine katılabilmektedir.

Yönetişim kapsamında;

Yeni veri kaynaklarının eklenmesi, Yeni blok zincirlerinin entegrasyonu, Staking parametreleri, Veri modelleme standartları, Ağ güncellemeleri gibi teklifler oylamaya sunulmaktadır.

Yönetişim süreci önce topluluk forumunda tartışılmakta, ardından Snapshot üzerinden gerçekleştirilen gaz ücreti gerektirmeyen oylamayla sonuçlandırılmaktadır.

Oy kullanma hakkı sahip olunan CXT miktarıyla orantılıdır.

Staking ve Ağ Güvenliği CXT aynı zamanda ağ güvenliğinin temelini oluşturmaktadır.

Ağ operatörleri veri üretmek ve doğrulamak için belirli miktarda CXT stake etmek zorundadır.

Kötü niyetli veya hatalı davranış tespit edilmesi durumunda stake edilen tokenlerin bir kısmı kesilebilmektedir (slashing).

Altyapı çalıştırmak istemeyen kullanıcılar ise CXT tokenlerini operatörlere devrederek staking ödülleri kazanabilmektedir.

Ağ Kullanımı GoldRush API ve Covalent’in diğer veri ürünlerinden elde edilen ekonomik değer CXT etrafında şekillenmektedir.

Platformu kullanan;

Geliştiriciler, Şirketler, Yapay zekâ uygulamaları tarafından oluşturulan gelirlerin bir bölümü açık piyasadan CXT satın alınmasında kullanılmaktadır.

Satın alınan tokenler daha sonra Stratejik Rezerv’in desteklenmesinde değerlendirilmektedir.

Bu yapı, ağ kullanımının artmasıyla birlikte CXT talebinin de artmasını hedefleyen ekonomik bir model sunmaktadır.

Covalent (CXT) ve Yapay Zekâ Ekonomisi Covalent, CXT’yi doğrulanabilir veri ekonomisinin temel ödeme aracı olarak konumlandırmaktadır.

Her API sorgusu, AI ajanı tarafından gerçekleştirilen veri talebi ve yeni blok zinciri entegrasyonu ağ ekonomisine katkı sağlamaktadır.

Bu yaklaşım doğrultusunda;

Daha fazla kullanım, Daha fazla gelir, Daha yüksek CXT talebi oluşturacak ekonomik döngü hedeflenmektedir.

Covalent (CXT) Arz Yapısı CXT’nin toplam arzı 1 milyar adettir.

Tüm tokenler ağın başlangıcında oluşturulmuştur.

Token ekonomisi enflasyon üretmeyecek şekilde tasarlanmıştır.

Her ne kadar akıllı sözleşmede mint fonksiyonu bulunsa da bu özellik varsayılan olarak devre dışıdır ve yalnızca topluluk yönetişimi tarafından alınacak resmi bir karar sonucunda aktif hale getirilebilir.

Covalent (CXT) Tokenomics CXT token dağılımı şu şekildedir:

Özel Satış (Private Sale) %20,4 Ekosistem %20 Rezerv %18,9 Takım %14,4 Tohum Yatırımı (Seed) %10 Staking %8 Halka Açık Satış %3,4 İkinci Özel Satış (Private Sale 2) %2,9 Danışmanlar %2 Toplam arz 1.000.000.000 CXT ile sınırlandırılmıştır.

Covalent (CXT) Yatırımcıları Covalent bugüne kadar yaklaşık 10,69 milyon dolar yatırım toplamıştır.

Projeye yatırım yapan öne çıkan fon ve yatırım şirketleri arasında şunlar yer almaktadır:

Tier 1

Coinbase Ventures YZi Labs (eski adıyla Binance Labs) Tier 2

Hashed 1kx Mechanism Capital Delphi Ventures Hypersphere Ventures Double Peak Tier 3

Woodstock Fund AU21 Capital Moonrock Capital TRGC CoinGecko Ventures Tier 4

RockTree Capital CMCC Global Avalanche VC Brilliance Ventures Tier 5

Morningstar Ventures

Resmi Bağlantılar Website X (Twitter) Whitepaper Son Dakika kripto para haberleri için hemen tıkla.

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Yapay zeka odaklı blockchain projesi Worldcoin (WLD), World Foundation’ın 217 milyon WLD token satışı gerçekleştirmesinin ardından sert değer kaybetti. Vakıf, bu satıştan 52,5 milyon dolar fon toplarken, satışa konu olan tokenların 12 ay boyunca kilitli olacağı açıklandı. Buna rağmen yatırımcıların arz endişesiyle satışa yönelmesi sonucu WLD fiyatı son 24 saatte %10’dan fazla geriledi.

World Foundation Milyon Dolarlık Fon Topladı World Foundation, gerçekleştirdiği token satışıyla 217 milyon WLD karşılığında 52,5 milyon dolar yatırım aldı. İlk yatırım turuna Pantera Capital liderlik ederken, Bain Capital Crypto, Eightco Holdings, Selini Capital ve Susquehanna Crypto da yatırımcılar arasında yer aldı. Vakıf, elde edilen kaynağın World ID altyapısını kurumsal platformlara, tüketici uygulamalarına ve yapay zeka ajanlarına entegre etmek için kullanılacağını açıkladı. Satılan tokenların Temmuz 2027’ye kadar kilitli kalacak olması, kısa vadede ek satış baskısını sınırlandırmayı amaçlıyor.

İlginizi Çekebilir: Ripple’dan Bir Hamle Daha: Yeni Girişim Duyuruldu!

Kurumsal yatırımcıların uzun vadeli kilitlenme şartını kabul etmesine rağmen piyasa ilk etapta haberi olumsuz fiyatladı. WLD fiyatı açıklamanın ardından %10’dan fazla değer kaybederek yaklaşık 0,34 dolar seviyesine geriledi. Son 30 günlük performansa bakıldığında ise düşüş daha da dikkat çekiyor. WLD yaklaşık %33 değer kaybederken, aynı dönemde Bitcoin %5’in üzerinde, Ethereum ise yaklaşık %15 yükseliş kaydetti. Böylece Worldcoin, büyük piyasa değerine sahip kripto paralar arasında negatif ayrışan projelerden biri oldu. Analistler, yatırımcıların özellikle dolaşımdaki arzın büyümeye devam etmesi ve gelecekte açılabilecek token miktarı nedeniyle temkinli davrandığını belirtiyor.

Kurumsal Yatırımcılar World ID Vizyonuna Güveniyor Fiyat düşüşüne rağmen kurumsal yatırımcıların projeye ilgisi sürüyor. Özellikle Pantera Capital, yatırım kararının kısa vadeli fiyat hareketlerinden ziyade World’ün uzun vadeli “Proof of Human” (İnsan Kanıtı) vizyonuna dayandığını ifade etti. Pantera Capital Ortağı Cosmo Jiang, yapay zekanın hızla gelişmesiyle birlikte insanların ve yapay zeka sistemlerinin güvenilir şekilde ayırt edilmesini sağlayacak çözümlere olan ihtiyacın arttığını belirterek World ekosisteminin bu alanda önemli bir rol üstlenebileceğini söyledi.

Fiyat baskısına rağmen World ekosistemindeki kullanıcı sayısı artmaya devam ediyor. World Foundation’ın paylaştığı verilere göre 39 milyondan fazla kullanıcı World Network’e katılmış durumda. Ayrıca 18 milyondan fazla kişi Orb doğrulamasını tamamlarken, ağ üzerinde 475 milyondan fazla World ID doğrulaması gerçekleştirildi. Buna rağmen yatırımcıların şu aşamada daha çok token arzı ve fiyat üzerindeki etkisine odaklandığı görülüyor.

Değerlendirme World Foundation’ın gerçekleştirdiği 217 milyon WLD token satışı, kısa vadede Worldcoin fiyatı üzerinde güçlü bir satış baskısı oluşturdu. Her ne kadar tokenların 12 ay boyunca kilitli olması ani satış riskini azaltıyor olsa da, piyasadaki arz endişesi yatırımcıların temkinli hareket etmesine neden oldu. Buna karşılık Pantera Capital ve diğer kurumsal yatırımcıların projeye yaptığı yatırım, World ID teknolojisinin uzun vadeli potansiyeline olan güvenin sürdüğünü gösteriyor. Önümüzdeki dönemde hem kullanıcı büyümesi hem de kurumsal benimsenme, WLD fiyatının yönünü belirleyen en önemli faktörler arasında yer alacak.

Son Dakika kripto para haberleri için hemen tıkla.

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https://starsevendesign.com/project-blackrock.html

BlackRock clients have reportedly sold $52.76 million worth of Ethereum, according to a social media post by @WhaleInsider. The sale appears to be linked to BlackRock’s iShares Ethereum Trust, a spot ETF facilitating ETH exposure for institutional clients. This move is not directly attributable to BlackRock’s proprietary activity but suggests a significant outflow from the ETF, which is a major institutional holder of Ethereum. Such outflows are often observed alongside broader ETF activity and can influence market dynamics, particularly given the large scale of the transaction.

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Key Takeaways The reported sale of $52.76 million in Ethereum by BlackRock clients suggests a substantial institutional outflow, potentially impacting market sentiment. Current market odds for Ethereum dropping to $1,300 in July remain low, indicating limited immediate market impact from this news. Observers note that BlackRock’s iShares Ethereum Trust has previously been a significant driver of spot demand for Ethereum. What to Watch Markets will be closely monitoring any further large-scale transactions linked to the iShares Ethereum Trust, as these could indicate broader trends in institutional sentiment toward Ethereum. Additionally, any future announcements regarding inflows or outflows from major Ethereum ETFs could influence market perceptions and pricing. The impact on Ethereum’s price trajectory will also depend on broader market conditions, including regulatory developments and macroeconomic indicators.

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Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 22.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 6.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 15.5% — — View market →

COINTELEGRAPH: Ethereum ETFs close week in red, end 5-day inflow streak

Upbit, one of South Korea’s largest cryptocurrency exchanges, has announced it will list the Korean won trading pair for Morpho (MORPHO).

According to the exchange’s announcement, MORPHO/KRW trading will begin on July 25, 2026, at 12:00 PM Turkish time. Deposits and withdrawals will only be supported via the Ethereum network.

Upbit stated that transaction support may be delayed if sufficient liquidity is not provided after deposit and withdrawal operations begin.

Buy orders will be restricted for the first 5 minutes after listing. During the same period, sell orders placed at more than 10% below the previous day’s closing price will also not be allowed. Furthermore, order types other than limit orders will be unavailable for approximately the first two hours.

*This is not investment advice.

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Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.

According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.

1 hours ago

The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.

The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.

1 hours ago

US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.

According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."

1 hours ago

Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.

Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.

1 hours ago

2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈

U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.

1 hours ago

Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.

According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.

1 hours ago

Key Takeaways Friday saw Ethereum ETFs experience $70.62 million in net withdrawals, terminating a consecutive five-day period of capital inflows Weekly performance remained positive with $103.9 million in net ETF inflows for ETH, marking the third straight week of gains The ETH/BTC ratio fell to 0.028, marking its weakest position since August of the previous year Blockchain metrics indicate ETH is currently valued beneath its collective cost basis of $2,304, a condition that typically depletes selling pressure Critical bottom indicators including MVRV and exchange deposit volumes haven’t achieved the extreme thresholds that typically signal a definitive price floor Ethereum (ETH) concluded the trading week at $1,837 following net outflows of $70.62 million from US-based spot Ethereum ETFs on Friday, July 25. This marked the end of a consecutive five-day period of positive inflows that had accumulated $211.25 million between July 17 and July 24.

Ethereum (ETH) Price While Friday’s data showed a reversal, the broader weekly picture remained positive with Ethereum ETFs securing $103.9 million in aggregate net inflows. This performance marked the third successive week of positive capital movement. Throughout July, ETH ETFs have accumulated total inflows reaching $337.74 million.

Bitcoin ETFs demonstrated a comparable trajectory, registering $240.08 million in net withdrawals on Friday, concluding a seven-day streak of inflows. BTC hovered slightly below $64,000, retreating from Tuesday’s weekly peak of $66,892.

U.S. Spot Bitcoin and Ethereum ETFs Record Net Outflows on July 24

According to SoSoValue data, spot Bitcoin ETFs recorded total net outflows of $240 million on July 24 (ET). Spot Ethereum ETFs saw total net outflows of $70.62 million on the same day, ending a five-day streak of… pic.twitter.com/qvg2L12fD6

— Wu Blockchain (@WuBlockchain) July 25, 2026

Market analyst Ted (@TedPillows) commented via social media that ETH continues to maintain its position above critical support levels. He observed that Ethereum is demonstrating relative strength versus Bitcoin and suggested the current upward movement may have additional momentum remaining.

ETH has experienced a significant decline from its record peak of $4,946 established last year, reaching as low as $1,400 in June before staging a recovery. The cryptocurrency currently trades approximately 17% beneath its realized price—the mean on-chain acquisition cost for all ETH tokens—which stands at $2,304.

Examining ETH Bottom Formation: The On-Chain Evidence A CryptoQuant analysis published Thursday indicates Ethereum is displaying preliminary indications of a market floor formation, though it hasn’t satisfied all criteria necessary to confirm a durable upward trend.

Source: CryptoQuant The ETH/BTC ratio has contracted to 0.028, representing its weakest reading since August of last year. While this degree of underperformance relative to Bitcoin has historically preceded significant altcoin rallies, market observers emphasize that additional confirmation remains necessary.

The ETH/BTC MVRV ratio has decreased from 0.95 last August to approximately 0.65. According to CryptoQuant’s research, a reliable bottom formation typically materializes when this metric falls beneath 0.45, a threshold observed during 2019-20 and early 2025.

Critical Technical Price Levels for ETH Ethereum is presently challenging its 20-day and 50-day Exponential Moving Averages (EMAs) positioned at $1,839 and $1,831 respectively. A decisive move below these technical indicators could reveal support zones near $1,806, followed by $1,741.

ETH witnessed $67.79 million in liquidations throughout the previous 24-hour period, with long position liquidations accounting for $44.18 million of that total.

However, one indicator is currently suggesting bottom formation. The ETH/BTC relative spot trading volume has contracted from 1.75 in August to approximately 0.5, a threshold that has historically coincided with Ethereum price bottoms.

Institutional ETF demand has also shown signs of shifting, with the ETH/BTC ETF holdings ratio climbing to 0.13 in July following a decline to 0.115 in June.

After 13 straight nights of US strikes on Iranian targets, Washington hit the pause button. President Trump confirmed that diplomatic talks with Tehran are underway, but made clear the military is standing by if negotiations stall.

For crypto markets, the damage is already done. The extended campaign of strikes, centered on threats to shipping routes through the Strait of Hormuz, triggered a classic risk-off flight that drained roughly $80 billion from crypto’s total market capitalization.

What happened and why it matters US Central Command carried out at least 13 consecutive nights of strikes focused on Iranian military capabilities deemed a threat to commercial shipping. The campaign represented one of the most sustained periods of direct US military action against Iran, and it followed the collapse of a ceasefire that had been established in June.

That June ceasefire had briefly calmed nerves across global markets. Its breakdown reignited hostilities and pushed oil prices above $100 per barrel for the first time since May.

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Trump’s messaging has been deliberately dual-track. He’s touting the existence of negotiations while simultaneously reminding Tehran, and the world, that the US military remains on high alert. Temporary pauses in military operations have historically coincided with diplomatic windows involving Gulf allies.

The crypto market fallout During the recent escalation, Bitcoin dropped from around $65,500 to below $64,000. That’s roughly a 2.3% decline that was part of a broader wipeout that saw the entire crypto market shed approximately $80 billion in value. Ethereum wasn’t spared either, with both leading assets falling sharply as traders moved capital out of anything perceived as risky and into traditional safe havens like the dollar and treasuries.

Oil prices surging past $100 per barrel raises the specter of inflation, which raises the specter of tighter monetary policy, which raises the specter of reduced liquidity. Crypto, for all its decentralization ethos, still runs on the same liquidity plumbing as every other risk asset.

Background and broader context Roughly 20% of the world’s oil supply passes through the Strait of Hormuz on any given day. The June ceasefire had offered a brief reprieve, with crypto recovering some lost ground as traders cautiously re-entered positions. The ceasefire’s collapse and the subsequent 13-night strike campaign reversed those gains and then some.

The current conflict gained momentum in late February 2026 with US and Israeli operations, termed Operation Epic Fury, targeting Iranian nuclear and military installations. Iran’s response included the imposition of blockades and tolls on shipping routes, triggering a cycle of strikes, ceasefires, and intermittent hostilities.

What this means for investors The sensitivity of crypto to geopolitical shocks is no longer debatable. Each escalation cycle during this conflict has produced measurable drawdowns in digital asset prices.

Oil prices are the canary in the coal mine here. As long as crude stays above $100, the inflationary pressure narrative keeps traditional finance in a defensive crouch, bleeding directly into crypto through reduced institutional appetite for speculative positions.

Traders should be watching three things in the coming days: whether diplomatic talks produce any concrete framework, whether oil prices retreat from their current elevated levels, and whether Bitcoin can hold the $64,000 level that served as recent support.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

13 mins ago Updated 13 mins ago

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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Highlights

The crypto market faces bearish pressure into the weekend as buying pressure eases. Solana tops losses among the top ten coins while DEXE has recovered from its all-time lows with a 90% jump. Robinhood's talks with Crypto.Com and TRUMP Coin's $17M transfer are the biggest news in the market today. The crypto market slipped lower into the weekend, with Bitcoin (BTC) moving below $64,000 while Ethereum (ETH) held $1,800 amid easing buy-side pressure.

Top Movers DeXe (DEXE) is up by 90% today, July 25, to trade at $88 at the time of writing, making it the biggest gainer in the crypto market. The gain follows a massive crash on July 21 where DEXE moved from $41 to $2 amid a $6M transfer by project wallets. DEXE Price Chart (Source: TradingView) Solana (SOL) is the biggest loser among the top-ten crypto market coins with a 2.2% drop to trade at $73.47. Solana’s drop reflects the bearish outlook on Bitcoin and tech stocks amid AI spending fears. ZCash (ZEC) is also down by 5.5% to trade at $478 as selling pressure intensified after the price dropped below the psychological support of $500. Biggest News of the Day Robinhood is in talks with Crypto Com to expand its footprint in the prediction market, per a report by the Wall Street Journal HOOD stock dropped by 6.57% on July 24 despite the partnership news to close trading at $94. HOOD Price Chart (Source: TradingView) The drop follows a recent hack on the X account of Robinhood’s CEO, Vlad Tenev, to promote a fake meme coin. The team behind the TRUMP meme coin has moved $17M TRUMP coins ahead of a potential vote for CLARITY Act before the Senate breaks for recess in August TRUMP meme coin is down 2.62% on the news to trade at $1.55 at the time of writing. Crypto Market Data Total Market Cap: $2.19 trillion (-1.19%) 24-Hour Volumes: $55.11 billion Bitcoin: $64,013 (-1.49%) Ethereum: $1,857 (-1.26%) XRP: $1.09 (-1.32%) Bitcoin Dominance: 58.7% Ethereum Dominance: 10.3% Altcoin Season Index: 53/100 24-Hour Liquidations: $243 million ($214 million in long liquidations & $29 million in short liquidations) Fear and Greed Index: 27 (Fear) What to Watch in the Crypto Market Today The US-Iran war is the main macro factor to watch in the crypto market on July 24. Iran has rejected ceasefire talks and is reportedly ready for the “massive attacks” announced by President Trump. Historical patterns suggest that the conflict usually escalates on the weekend. An escalation could push Bitcoin and altcoin prices lower. Catch up on yesterday’s biggest moves in our Crypto Market Brief for July 24.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. Why is the crypto market down today?

The crypto market is down today amid a "fear" snetiment that is making buyers hesitant.

2. What is the biggest news in the crypto market today?

The biggest news in the crypto market today include the ongoing partnership talks between Robinhood and CryptoCom to expand prediction markets.

3. What should traders watch in the crypto market today?

Traders should watch out for escalating geopolitical tensions that could push the prices lower.

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About Author

About Author

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

Worldcoin Crashes 10% After the Project Sells 217 Million Tokens for Funding

Wall Street Money is Flowing into Ethereum ETFs and Out of Hyperliquid

TLDR: RWA adoption accelerated as global holders rose 190.9% year over year to 1.09 million, while Ethereum surpassed $17 billion in tokenized value. Robinhood Chain recorded 11,416.2% monthly growth and passed 244,000 RWA holders, although memecoins still dominate much of its DEX volume. Hyperliquid RWA contracts generated $25.1 billion in weekly trading volume, accounting for 52% of the decentralized exchange’s total activity. Avalanche tokenized Treasuries climbed 68% to $842 million, while Solana, BNB Chain and several smaller networks also expanded their markets. RWA adoption accelerated across major blockchain networks as tokenized assets reached new records in value, holders, and trading activity. Ethereum crossed $17 billion in tokenized real-world asset value, while Solana reached an all-time high of $3.4 billion. The number of RWA holders rose 190.9% year over year, increasing from 375,000 to 1.09 million. 

Tokenized stocks also recorded $9 billion in monthly transfer volume during June. Robinhood Chain posted the fastest monthly growth, while Avalanche expanded its tokenized Treasury market. 

RWA Adoption Drives Record Growth Across Major Blockchains Robinhood Chain led monthly network growth after its tokenized asset value increased 11,416.2% to $323.7 million. The network also passed 244,000 RWA holders, showing rapid demand for blockchain-based versions of traditional assets. Its growth followed an early period dominated by memecoins and stablecoins rather than tokenized equities.

RWA week in numbers 🐘

→ RWA holders up 190.9% YoY, from 375K to 1.09M

→ Ethereum crosses $17B in tokenized RWA value, still the largest chain by a wide margin

→ Solana hits a new all time high of $3.4B in tokenized RWA value

→ Tokenized stocks hit a $9B all time high in…

— RWA Foundation (@RWAFoundation_) July 24, 2026

Activity has since moved closer to Robinhood’s original tokenization strategy. Real-world assets now carry an active market value near $70 million, according to DefiLlama. Tokenized GameStop shares generated $26.6 million in daily volume. Nvidia reached $14 million, while SpaceX recorded $6.4 million. Twelve tokenized stocks now clear more than $500,000 daily.

Robinhood Chain still records much larger total decentralized exchange activity. Daily DEX volume has exceeded $600 million, while tokenized stocks generate about $55 million. Memecoins remain prominent across trending markets, and stablecoins still represent the network’s largest asset category. Even so, RWA adoption is gaining measurable market share.

Ethereum remains the leading blockchain for tokenized assets, with more than $17 billion in onchain value. It also controls 62.2% of the tokenized ETF market, which reached a record capitalization of $526.4 million. Solana’s tokenized RWA value climbed to a record $3.4 billion, extending competition among high-throughput networks.

Avalanche also recorded broad growth. Its total RWA market increased 22.6% to $2.5 billion. Tokenized US Treasuries rose 68% in 30 days to $842 million. BNB Chain gained 16.5% to $9.2 billion. Cardano, Tempo, Monad, Plume, Sonic, Fraxtal, and TON also posted monthly increases.

RWA Adoption Reshapes Trading Demand on Hyperliquid RWA adoption is also changing activity on decentralized derivatives platforms. Real-world asset markets became Hyperliquid’s largest trading category for the first time. RWA-linked contracts generated $25.1 billion in volume from July 13 through July 19. That represented 52% of the platform’s $48.2 billion weekly total.

Source: X Tokenized stocks, indexes, and commodities attracted more volume than all other categories combined. Individual equities represented 61% of RWA trading volume. That shift shows traders are using decentralized infrastructure beyond crypto-native tokens. The assets include links to public companies, traditional finance, and global markets.

The broader market also recorded strong product-level expansion. Onre Finance increased distributed value by 21% to $234 million, while ONYC holders rose 10% to 7,382. Chainlink CCIP distributed $400 million during the month, up 69%, highlighting rising demand for cross-chain settlement and asset movement.

RWA.xyz added several products during the week, including Mobilization Advance Program One from Hashfire. New Midas listings included Fasanara Global Open, Hyperithm BTC, mAPOLLO, and mHYPER. These additions broaden the range of tokenized credit, digital asset, and investment products available through onchain markets.

ARK Invest Digital Assets Research Director Lorenzo Valente described the shift as a new phase for decentralized finance. Circle co-founder Jeremy Allaire also framed tokenized assets as a structural market change. Continued RWA adoption will depend on liquidity, regulation, custody standards, and sustained demand from institutions and retail users. Custody standards remain uneven.

Ethereum is showing renewed bullish momentum amid encouraging technical signals, with its Market Value to Realized Value (MVRV) indicator nearing a golden cross as the price continues to respect a rising channel. Some crypto analysts point to these developments as potential confirmation of stronger investor confidence and the possible start of a market recovery.

Key technical signals for EthereumCurrently, Ethereum is trading at $1,899.56. Its 24-hour trading volume stands at $10.18 billion, while the network’s market capitalization has reached $228.95 billion. In the past 24 hours, ETH has shed 1.69%, yet analysts suggest that the price structure still indicates the possibility of a bullish reversal in the short to medium term.

Ali Charts, a well-known cryptocurrency analyst, flagged that Ethereum’s MVRV ratio is now close to crossing above the 160-day simple moving average. Market watchers view this golden cross as a strong sign that selling pressure is waning, with long-term investors gradually returning to the market and accumulation once again picking up momentum.

The MVRV Momentum Indicator measures the profit margin of all ETH holders compared to a key medium-term trend line, providing insight into whether the asset is overheated or undervalued relative to recent price action.

Mini dictionary: MVRV (Market Value to Realized Value) is a ratio comparing the current market capitalization of an asset with the aggregate acquisition cost of all coins in circulation, providing insights into investors’ unrealized profit or loss.

Historically, when Ethereum’s MVRV indicator rises above its 160-day average, it has signaled the end of distribution phases and a potential rebound in price. Traders are now closely monitoring for confirmation of this trend to determine whether a new ETH bull market cycle will begin.

Historical price patternsKamran Asghar, another cryptocurrency analyst, noted that Ethereum is once again tracking an upward trend similar to those that have marked market bottoms and sparked significant upward rallies in the past. The current technical setup resembles patterns from earlier market cycles, particularly those moments when bullish sentiment emerged after extended corrections.

If these patterns repeat, Ethereum could approach the upper boundary of its rising channel, coinciding with the widely watched $5,000 resistance level. Market participants are expected to track Ethereum’s movements carefully in anticipation of further confirmation of this forecast.

IndicatorCurrent LevelKey ThresholdHistorical ImpactPrice$1,899.56$5,000Major resistance and prior cycle targetMVRV (160-day MA)Nearing crossoverCrossover confirms golden crossUsually precedes price reboundChallenges and outlookDespite these bullish signals, Ethereum’s price momentum is still facing resistance from the broader market, influenced primarily by fluctuations in Bitcoin and the altcoin sector. If the MVRV golden cross confirms and ETH can maintain its upward trajectory within the established ascending channel, analysts suggest that stronger gains could follow.

In the weeks ahead, shifts in overall market sentiment and key price levels are expected to play a critical role in Ethereum’s trajectory. Should previous patterns repeat, Ethereum may soon enter a longer bullish trend and attract additional investor attention. Investors continue to monitor technical developments for confirmation of a potential major move.

Ethereum’s recent price structure, combined with the approaching MVRV golden cross, has led analysts to highlight the possibility of a new bullish phase if confirmation follows in the coming days.

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.

US spot Bitcoin ETFs recorded $225 million in net outflows on Thursday, July 24, ending a seven-session inflow streak that had been one of the strongest runs for the category in months. The selling was heavily concentrated in a single fund: BlackRock's iShares Bitcoin Trust ($IBIT), which accounted for $202.5 million of the total redemptions.

Bitcoin Takes a Breather After a Strong Run The reversal follows a recovery period that had seen Bitcoin ETFs attract nearly $1 billion over seven straight sessions, their strongest stretch in 11 weeks. July had been shaping up as the first month of net inflows since April, though the broader picture remains challenging. According to 247 Wall St., investors pulled $4.51 billion from these funds in June alone, and the buying across July has recovered only around 15 percent of that damage.

The concentration of Thursday's outflow in $IBIT is notable. BlackRock's fund has served as the primary barometer of large institutional positioning in Bitcoin ETFs. When $IBIT leads selling, as it did on July 24 with $202.5 million in redemptions, it typically signals that one or more significant holders reduced exposure rather than a broad retail exit. Other funds posted smaller outflows, including Fidelity's FBTC at $5.6 million, Bitwise's BITB at $7 million, and ARK 21Shares' ARKB at $4.3 million. Morgan Stanley's MSBT was the only Bitcoin fund to record a meaningful inflow, attracting $5 million.

Against $78.8 billion in total Bitcoin ETF assets, one red day reads more as noise than trend. But the source of that noise matters to allocators watching positioning signals.

Ethereum ETFs Hold Their Momentum Spot Ethereum ETFs told a different story on the same day. The category pulled in $26.3 million for a fifth consecutive session of inflows, led by Fidelity's $FETH at $14.9 million, followed by BlackRock's ETHA with $8.5 million. The Ethereum ETF complex now holds approximately $10.3 billion in total net assets.

The divergence between the two asset classes is the detail allocators are likely to flag. Some analysts have described Thursday's flows as a controlled rotation, with capital moving out of Bitcoin exposure and into Ethereum products rather than leaving the crypto ETF market altogether. A sustained Ethereum bid through a down week for Bitcoin, if it continues, would mark a meaningful shift in how institutions are distributing risk across the two largest digital asset ETF categories.

Whether Thursday's Bitcoin outflow proves to be a one-session pause or the start of a broader reversal will depend heavily on the sessions ahead.

Sources:
FinanceFeeds: US Crypto ETF Flows Split on July 23 as Bitcoin Funds Lose $225 Million
247 Wall St.: BlackRock's IBIT Leads Nearly $1B Bitcoin ETF Recovery as Inflows Hit 7 Straight Days
Cryptonomist: Bitcoin ETF Outflows Mark End to 7-Day Inflow Streak

Ethereum (ETH) is currently trading significantly below the average price paid by holders, according to recent data from on-chain analytics provider CryptoQuant. The realized price, which reflects the average value investors have historically paid on-chain for each ETH, is estimated at $2,300. The current ETH market price is about 17% less than this realized price, suggesting that many investors are facing unrealized losses.

CryptoQuant indicators signal early stage bottom formationWhile trading below realized price has historically signaled late-stage market corrections and potential market bottoms, CryptoQuant’s analysis indicates that only two out of its five key bottoming indicators have reached typical reversal levels. This partial alignment points to the possibility that a market recovery may require additional confirming signals before gathering momentum.

CryptoQuant tracks a range of on-chain metrics, including realized price, to gauge whether the market is entering a capitulation phase or forming a potential long-term accumulation zone. A persistent discount to realized price has previously signaled the exhaustion of sellers, though the exact timing of rebounds has varied with each market cycle.

CryptoQuant’s latest findings show that Ethereum continues to trade about 17% below its $2,300 realized price, yet only two of the five tracked bottoming signals have hit historical reversal thresholds.

Market responses and future outlookInvestors and institutional players often interpret movements below realized price as a sign of capitulation, but also as an early indication of a new accumulation phase. This dynamic is especially evident in previous bear markets, when prolonged stays under or near realized price have set the stage for future recoveries.

As ETH trades below historical cost averages, trading volumes in derivatives and other high-leverage products may decrease, while ecosystem participants monitor for renewed activity in Ethereum-based decentralized finance platforms, layer 2 networks, and staking protocols.

Recovery speed following sustained trade under realized price has varied, and market volatility can increase before technical or on-chain reversal signals converge. The transition to upward trends frequently depends on broader economic shifts, including the inflow of capitals, major regulatory decisions, and ongoing infrastructure developments.

Key macro drivers for EthereumChanges in global liquidity, rulings by the US Securities and Exchange Commission (SEC) concerning spot ETH products, and upcoming Ethereum network upgrades are among the leading factors that could shape near-term price action and broader investor sentiment. These elements play a pivotal role in determining whether the current discount to realized price evolves into a sustained accumulation opportunity or extends into further market weakness.

Given the ongoing uncertainty, close attention to on-chain data can provide investors with clearer perspectives. For example, leveraging solutions that offer portfolio tracking, real-time price information, and personalized news filters can help users respond quickly as new opportunities or pivotal macroeconomic developments arise.

CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.

Long-term holders are watching both the shift in on-chain conditions and broader market catalysts, anticipating whether stronger signals for a market bottom will emerge in the coming weeks.

Historical trends have shown that price recoveries may follow periods when ETH consistently trades under realized price, but these rebounds have developed at different speeds and often depend on confirmation from multiple metrics.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Ethereum price today: $1,860Ethereum's decline to a yearly low against Bitcoin has sparked calls of an ETH bottom, which eventually expands into an altcoin season.However, ETH/BTC valuation metrics have yet to reach extreme levels that historically align with an ETH bottom.ETH risks a decline to $1,800 if it fails to bounce off the 20- and 50-day EMAs.​Ethereum (ETH) is showing early signs of a market bottom relative to Bitcoin (BTC), but has to confirm several other key bottoming signals before an outperformance can be expected, according to CryptoQuant.

In a report released late Thursday, the analyst at the on-chain analytics firm noted that Ethereum has underperformed Bitcoin for nearly a year, evidenced by the ETH/BTC ratio declining to 0.028, marking its lowest level since last August.

ETH/BTC Ratio. Source: CryptoQuantSuch conditions usually spike sentiment around a potential ETH bottom, which eventually expands into an altcoin season.

"The question for investors is whether ETH is now cheap enough to mark a durable bottom - the precondition for ETH outperformance and, historically, for a broader altcoin season," the analysts wrote.

The report argued that Ethereum is closer to a market bottom with less downside risk compared to upside, as it is trading near $1,900, roughly 17% below the realized price or average on-chain cost basis of all ETH tokens, which is at $2,304. The move toward $1,900 came after ETH fell from an all-time high of $4,946 last year to a low of $1,400 in June.

"On a standalone basis, Ethereum is already cheap. Trading below the aggregate cost basis means the marginal holder is sitting on losses, which historically exhausts sellers and compresses downside," CryptoQuant stated.

However, the analysts argued that bottom signals have not fully emerged for ETH when compared to Bitcoin using other key on-chain data.

ETH/BTC metrics yet to reach extreme levelsThe report highlights that the ETH/BTC Market Value to Realized Value (MVRV) has declined from 0.95 last August to near 0.65, indicating a shift from overvaluation to neutral levels. ETH forms a "durable bottom" when the metric drops below 0.45, as seen in 2019-20 and early 2025, CryptoQuant noted.

ETH/BTC MVRV Ratio & Price. Source: CryptoQuantA similar trend is evident in the ETH/BTC exchange inflow, which has eased to 0.8 after peaking above 1.5 in August, indicating a drop in the amount of ETH versus Bitcoin sent to exchanges. Bottoms have often formed when the metric drops toward 0.4, the analysts argued.

Additionally, the ETH/BTC exchange-traded fund (ETF) holdings show institutional allocators have been shifting back toward Ethereum since late June after months of underperformance. The metric saw a modest recovery to 0.13 in July, after dropping from a peak of 0.205 in August/September 2025 to 0.115 in June.

While these metrics have yet to validate a bottom, the ETH/BTC relative spot trading volume is an outlier. The metric has dropped sharply from 1.75 in August to around 0.5, a level that has historically coincided with ETH's price bottoms.

ETH/BTC Spot Trading Volume. Source: CryptoQuant"[ETH] is already cheap against its own cost basis, relative selling pressure has halved. ETF demand has begun to turn and trading activity sits at levels that marked prior bottoms. But MVRV and exchange inflows are not yet at the extremes that have historically confirmed a floor - so a final bottom, and the ETH outperformance that would follow, may still take more time to form," CryptoQuant analysts concluded.

ETH Bottom Checklist. Source: CryptoQuantEarlier in the week, FXStreet reported that ETH's recent recovery comes after it triggered the MVRV Buy Signal, which has also historically aligned with price bottoms for the top altcoin.

Ethereum Price Forecast: ETH risks further decline if it drops below the 20- and 50-day EMAsEthereum has recorded $67.79 million in liquidations over the past 24 hours, led by $44.18 million in long liquidations.

On the daily chart, ETH risks returning to a bearish structure as it is testing the 20- and 50-day Exponential Moving Averages (EMAs) at $1,839 and $1,831, respectively. Momentum gauges hint at declining buying pressure with the 14-day Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) easing to 54 and 53, respectively.

On the upside, initial resistance is seen at the horizontal barrier around $1,909, ahead of the 100-day EMA at $1,936 and the $2,019 zone, where prior supply has emerged. Further north, additional caps are located at $2,108 and $2,211, with more distant resistance clustered near $2,389 and $2,746.

ETH/USDT daily chartOn the downside, immediate support is provided by the 20- and 50-day EMAs, followed by the recent structural floor near $1,806. A break below there would expose the next key supports around $1,741 and then $1,524.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

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Arival Bank announced the launch of stablecoin payment and treasury capabilities on July 3, 2026, with services expected to go live by mid-July. The offering supports USDC for all eligible clients and USDT for non-US entities, with conversion fees starting at just 0.05% for businesses moving into USD-denominated stablecoins.

What Arival is actually building Arival Bank operates as a recognized International Financial Entity under Puerto Rico’s regulatory framework, with full BSA/AML compliance, KYC/KYB protocols, and transaction monitoring systems.

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The platform supports transactions across four blockchain networks: Base, Polygon, Solana, and Ethereum. The target market is global SMEs, startups, and digital-native businesses that need treasury management and cross-border payment tools.

Why Latin America is the real story here Arival’s announcement specifically calls out demand from international clients, with Latin America as a key focus. A USDC transfer on Solana settles in seconds, not days. At 0.05% conversion fees, Arival is undercutting what most traditional FX services charge by a wide margin.

The bank’s approach builds on its existing partnership with Circle Alliance, the program Circle runs to expand USDC adoption through financial institutions. By integrating stablecoin capabilities with existing USD and multi-currency accounts, Arival is creating something that looks less like a crypto product and more like an upgraded version of the banking tools businesses already use.

The competitive landscape The fee structure deserves attention. At 0.05% for stablecoin conversions, for a business processing $1 million in monthly cross-border payments, that’s $500 in conversion fees versus potentially thousands through traditional banking channels.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Bitcoin (BTC) is edging higher on Friday, albeit gradually, after reclaiming support above $65,000. Meanwhile, Ethereum (ETH) shows signs of stability near the immediate $1,900 hurdle, backed by mild capital inflows. Ripple (XRP), on the other hand, holds above the pivotal $1.10, with its upside structurally constrained below $1.15.

Bitcoin ETFs renew outflows as the US-Iran war persistsThe United States (US) has conducted air strikes for a thirteenth consecutive night, with Iranian media reporting explosions in multiple cities, including Khorramabad, Jask, Ahvaz, and Bandar Abbas.

President Donald Trump stated he is weighing a “massive attack” on Iran and will soon determine whether to resume large-scale military operations. Iranian Foreign Minister Abbas Araghchi described the US action as “mindless aggression,” warning that Washington will now face a steeper price to secure an end to the conflict.

Meanwhile, risk-off sentiment is evident among institutional investors, who drew out roughly $225 million from US-listed spot Exchange-Traded Funds (ETFs) on Thursday, following seven consecutive days of inflows. According to SoSoValue data, cumulative inflows stand at $51.63 billion, with net assets at $78.82 billion, underpinning investors' long-term positive BTC outlook.

Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs continue to recover, with Thursday’s inflows falling to $26 million, from Wednesday’s $73 million. Cumulative inflows edged higher to $11.25 billion from $11.23 billion over the same period, while average assets under management stand at $10.32 billion.

Ethereum ETF flows | Source: SoSoValueAppetite for XRP ETFs has notably lagged that for Bitcoin and Ethereum, with activity remaining muted on Wednesday and Thursday. Looking back, inflows totaled $2.5 million on Monday and roughly $6 million on Tuesday.

According to SoSoValue, cumulative inflows are steady at $1.49 billion, with net assets averaging $1 billion, underscoring investors’ long-term interest in XRP investment products.

XRP ETF flows | Source: SoSoValue“The cryptocurrency market is navigating one of its most complex phases of the year. Bitcoin is no longer driven solely by capital flows or technical indicators; instead, its price action has become a direct reflection of an increasingly intertwined macroeconomic and geopolitical landscape, Simon-Peter Massabni, Head of Business Development at XS.com, said in a comment.

Price analysis: Bitcoin holds higher support Bitcoin trades above $65,000, holding a mildly constructive but still capped tone as price sits above the 50-day Exponential Moving Average (EMA) at roughly $65,150 and the Bollinger Bands’ middle layer near $64,312, while remaining well below the 100-day and 200-day EMAs at about $67,967 and $73,733 respectively.

This configuration suggests an early recovery phase rather than a clean bullish trend, with the Relative Strength Index (RSI) around 55 on the daily chart and the Moving Average Convergence Divergence (MACD) histogram staying comfortably positive, hinting that upside momentum is improving but not yet strong enough to challenge the broader overhead trend filters.

BTC/USDT daily chartOn the topside, initial resistance appears at the upper Bollinger Band around $66,489, where volatility caps the recent bounce, followed by the 100-day EMA near $67,967 and then the more meaningful 200-day EMA around $73,733 as a major medium-term barrier. On the downside, immediate support is provided first by the 50-day EMA at approximately $65,150, with further demand expected at the Bollinger middle band around $64,312. A deeper setback toward the lower band near $62,134 would likely be needed to threaten the nascent constructive bias on the daily timeframe.

Altcoins outlook: Ethereum and XRP show signs a bullish turnaround Ethereum trades at $1,892, holding a neutral-to-bullish tone as price stays above the 50-day EMA near $1,832 and the SuperTrend support around $1,741, but still below the higher-order 100-day and 200-day EMAs. This configuration suggests an ongoing recovery phase within a broader corrective structure, with dip-buying interest emerging above the mid-$1,800s.

The MACD indicator remains in positive territory but has been easing, while the RSI around 58 points to constructive yet not overextended upside momentum.

ETH/USDT daily chartOn the topside, initial resistance appears at the 100-day EMA close to $1,936, and a sustained break above this level would expose the 200-day EMA near $2,183 as the next bullish objective. On the downside, immediate support is defined by the 50-day EMA at roughly $1,832, with a deeper pullback toward the SuperTrend line around $1,741 likely to attract buyers if the current advance pauses or corrects.

XRP, on the other hand, trades at $1.11. The pair remains in a broader bearish context with price holding below the 50-day, 100-day and 200-day EMAs, keeping rallies capped despite the recent rebound from sub-$1.10 levels.

The Parabolic SAR at $1.07 sits underneath spot and suggests nearby trend-follow support, while the RSI hovers around the neutral 50 line on the daily chart, indicating a lack of strong directional conviction as momentum consolidates. The MACD histogram remains marginally positive but is easing, hinting that bullish pressure is waning beneath overhead averages.

XRP/USDT daily chartInitial resistance aligns with the 50-day EMA at $1.14. A daily close above this level would be needed to open the way toward the 100-day EMA at $1.23, with the 200-day EMA higher up at $1.43 reinforcing the medium-term bearish structure. On the downside, immediate support is provided by the Parabolic SAR level at $1.07. A break below this floor would likely expose the pair to a deeper retracement, reinforcing the prevailing downside bias as long as price holds beneath the key EMAs.

(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.