TLDR: Uniswap daily fees reached about $5.2 million in 24 hours, placing the decentralized exchange near the top of current crypto fee rankings. Robinhood Chain supplied roughly $4.38 million of the total, far exceeding Ethereum and Base during the same measured period. Only about $73,454 counted as 24-hour protocol earnings, as most swap fees still flowed to liquidity providers rather than UNI holders. Governance proposals could extend protocol fees and the UNI token burn system to v4 pools and Robinhood Chain after community approval. Uniswap daily fees reached about $5.2 million in 24 hours, placing the DEX near the top of crypto fee rankings. Founder Hayden Adams highlighted the figure on X, saying only USDC and USDT generated more fees. DefiLlama recorded $5.16 million during the same period, supporting his estimate.
Robinhood Chain supplied most of that total after launching on July 1. The sharp increase shows how quickly new networks can redirect trading activity. UNI traded near $3.62, up about 35% from its early-July low near $2.70. Yet the token still sits roughly 92% below its 2021 peak.
Uniswap Daily Fees Surge as Robinhood Chain Takes Lead Robinhood Chain contributed about $4.38 million of the reported Uniswap daily fees. Ethereum produced roughly $296,000, while Base added about $288,000. That distribution marks a sudden shift from Uniswap’s traditional Ethereum-led activity.
The Arbitrum Orbit network launched with Uniswap v2, v3, v4, and UniswapX available from day one. Cumulative swap volume crossed $1 billion by July 10, according to a Uniswap governance post. The chain also recorded a 24-hour Uniswap volume peak near $500 million during its first week.
Across seven days, Robinhood Chain generated $10.98 million of Uniswap’s $20.1 million in total fees. That share made the new network Uniswap’s largest short-term fee source. It also placed Robinhood Chain above Ethereum and Base during the measured period. The fee spike shows how concentrated short-term trading activity can become.
Uniswap daily fees reflect charges paid through swaps, but they do not equal protocol income. DefiLlama listed only $73,454 in 24-hour earnings for Uniswap. Most trading fees still flow to liquidity providers instead of the treasury or UNI holders.
The distinction matters when comparing Uniswap with stablecoin issuers or centralized exchanges. Annualizing one strong day would imply almost $1.9 billion in fees. Still, that calculation does not show how much value the protocol retains.
UNI Burn Vote Tests the Value of Rising Protocol Activity Uniswap governance is now considering a wider protocol fee rollout. One proposal would activate fees across v4 pools on several supported networks. Another would extend fee collection and UNI burns to Robinhood Chain.
The Robinhood Chain temperature check runs from July 10 through July 15. It covers v2, v3, and v4 deployments on the network. On-chain votes would follow if the Snapshot proposals pass.
Under the UNIfication system, collected protocol fees move into TokenJar contracts. Searchers can claim those assets after supplying UNI of equivalent value for burning. The process permanently removes the submitted UNI from circulation.
Higher Uniswap daily fees could expand the amount available for this mechanism. Yet liquidity providers may receive slightly lower returns when protocol fees activate. That trade-off could influence where they place capital across competing pools.
Uniswap v4 adds programmable hooks that let developers customize pool logic. These tools support dynamic fees, specialized liquidity rules, and other trading features. Wider v4 adoption could increase activity across more chains.
Japanese Prime Minister: To strengthen support for startups and continuously advance the development of Japan's Web3 innovation ecosystem.
Japanese Prime Minister Sanae Takaichi reaffirmed during her pre-recorded opening address at WebX 2026 that the Japanese government will step up support for startups. She noted that with the synergy between the Web3 conference and government support policies, Japan’s innovation ecosystem is poised for further growth. Takaichi first touched on WebX’s positioning, stating that as one of Asia’s largest conferences focused on Web3 social applications and built on blockchain technology, WebX draws around 15,000 global attendees, making it highly significant. “This conference attracts numerous startups and hosts matchmaking events with various investment institutions,” she said. “For Web3 practitioners, it serves as an important platform for equal exchanges on the future of society and industry, mutual knowledge enhancement, and fostering further business collaborations—holding great importance.” Successive Japanese cabinets have consistently advanced Web3 strategies. Since the Kishida administration formulated the “Five-Year Startup Development Plan,” both the Ishiba administration and the current Takaichi administration have leveraged the WebX platform to directly convey policy signals to the industry. This demonstrates that Japan’s policy direction for promoting Web3 development has remained unchanged despite cabinet reshuffles, maintaining strong policy continuity.
9 minutes ago
Bitcoin falls below $63,000
According to HTX market data, Bitcoin has fallen below $63,000, currently trading at $62,979, with a 1.62% decline in the past 24 hours.
9 minutes ago
WTI crude oil futures' intraday gain widened to 4%.
According to Bitget's market data, WTI crude oil futures extended their intraday rally to 4%, while Brent crude futures rose nearly 4% following the earlier escalation of US-Iran tensions.
9 minutes ago
Renewed U.S.-Iran tensions boost rate hike expectations, with 2-year U.S. Treasury yields hitting their highest level in over a year.
As renewed tensions in Iran push up oil prices and spark market speculation that the Federal Reserve may need to raise interest rates to curb inflation, the yield on the 2-year U.S. Treasury note has climbed to its highest level since early 2025. The rate-sensitive 2-year Treasury yield rose as much as 3 basis points to 4.24%, hitting a new high since February 2025; the benchmark 10-year Treasury yield also gained 3 basis points to 4.59%. Swap market data shows the market has now almost fully priced in the expectation of a Federal Reserve rate hike in September, compared with a roughly 66% probability a week ago. “The market is currently very sensitive to news related to Iran,” said Kenneth Crompton, head of rates strategy at the National Australia Bank. “The market did not expect tensions to repeat the situation seen in March, but given the ongoing attacks over the weekend and strikes on Russian oil refining facilities, a sense of caution is creeping back into market sentiment.”
9 minutes ago
In the past four hours, SK Hynix has ranked first in liquidations across the entire network, with three whales facing consecutive liquidations totaling $14 million in long positions.
According to Hyperinsight’s monitoring, SK Hynix’s price plummeted rapidly, triggering a cascade of long position liquidations. Over the past 4 hours, total liquidations of SK Hynix’s US stocks and spot contracts reached around $24.79 million, surpassing BTC and ETH to rank first across the network; among these, SKHX also recorded the largest single liquidation amount on the network in the same period. This round of liquidations was mainly concentrated among 3 whale long positions. Over the past ~2 hours, 3 addresses triggered 10 forced liquidations in succession, totaling ~$13.95 million in long positions liquidated, with losses of around $1.59 million. The liquidation price dropped from approximately $1,391 to $1,309, a range decline of nearly 6%. As of press time, one of the three whale addresses (starting with 0x4b2) has not been fully liquidated yet, currently holding ~687 SKHX long positions with a nominal value of ~$900,000, a position return of roughly -119%, and a liquidation price of $1,292, which is less than $20 away from the current price, remaining in a high-risk liquidation zone. - HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (message sending permission must be enabled) to automatically sync on-chain information.
9 minutes ago
Fed Mouthpiece: Warsh Faces First Major Decision on Reversing Last Year’s Fed Rate Cuts
Fed Whisperer Nick Timiraos noted that last month, Walsh, in his first meeting as Federal Reserve Chair, presided over a unanimous decision to keep interest rates unchanged. Reaching that consensus was straightforward at the time, as there was little willingness for action within the committee. However, maintaining this consensus in the weeks ahead will grow far more difficult. Some of Walsh’s colleagues have seen their concerns about inflation intensify, and they may push to discuss interest rate hikes when the Federal Reserve holds its meeting on July 28-29. This week, during his congressional testimony, Walsh will have the opportunity to steer the formation of this consensus, armed with the latest June inflation data—the final major data release before the meeting.
Solana (SOL) has emerged as a focal point in the crypto market after surging decentralized exchange (DEX) activity and a confirmed technical breakout signaled renewed bullish momentum. Market analysts are closely watching Solana’s trajectory as the price retests important support levels and trading activity on the network continues to rise.
Technical breakout and price actionCurrently priced at $77.33, Solana shows a 24-hour trading volume of $1.68 billion and a market capitalization of $45.02 billion. Despite recording a 1.47% decline over the past day, market observers note the cryptocurrency’s technical setup remains constructive.
Crypto analyst Aman pointed to Solana’s confirmation of an inverse head and shoulders breakout, a chart pattern typically viewed as a precursor to trend reversals. The price now retests the $75 to $76 region, which has shifted from a resistance zone to a support base. This transition is widely interpreted by traders as a sign that buyers are maintaining control at these crucial levels.
A descending trendline is also converging toward Solana’s support zone, creating a compression pattern. Such formations often precede significant price movements, and technical observers suggest that a breakout above the trendline could propel SOL towards $84.
Market analysts highlight that if Solana can sustain support around $75 to $76 and overcome the descending trendline, the price may push to the $84 region in the near term.
Soaring DEX volume and DeFi dominanceData tracked by Tokens on Solana reveal that the network now ranks first among all blockchains for 24-hour spot DEX trading volume. This metric highlights Solana’s growing leadership in the decentralized finance (DeFi) sector.
The increase in DEX volume is seen as a sign of greater liquidity, consistent user activity, and expanding adoption of Solana’s fast, scalable blockchain ecosystem.
Mini dictionary: Tokens on Solana, an analytics platform that tracks various metrics and activities happening across decentralized applications on the Solana blockchain, providing insights into trading volume, user activity, and liquidity.
Market participants believe that sustained DEX trading volume on Solana may help the network reinforce its position among the leading Layer-1 blockchains.
MetricSolanaCompetitorsCurrent Price$77.33–24h Trading Volume$1.68 billion–Market Cap$45.02 billion–Support Zone$75 – $76–DEX Volume Ranking1st among all blockchainsICP, BNB behindPotential Upside Target$84–Short-term outlook and risksAlthough the broader crypto market remains cautious, with Bitcoin trading in a narrow range and altcoins under pressure, Solana’s improving DEX activity and supportive technical signals suggest that bullish sentiment could return if buyers regain control.
For Solana to continue its upward trajectory, market observers indicate the price must hold the $75 to $76 support area and decisively break through the ongoing downtrend line. Should momentum build, the price may challenge the $84 level. Conversely, failure to maintain these support zones may result in near-term weakness.
Traders emphasize the importance of ongoing support and rising volume for any sustained move higher, with the next upside target identified at $84 for SOL.
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.
Circle has minted an additional $250 million of USDC on the Solana blockchain, according to a report by @martypartymusic. This issuance is part of a broader trend in 2026, where USDC minting on Solana has reached approximately $64.25 billion to $64.78 billion. The increased issuance suggests sustained demand for dollar liquidity on Solana, reinforcing its competitive position as a key settlement layer for stablecoin transactions and decentralized finance (DeFi) activities. Market participants appear to interpret this development as supportive of Solana’s price prospects, with the additional liquidity potentially influencing Solana’s ability to reach higher price targets in July.
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Key Takeaways The $250 million USDC issuance on Solana appears to suggest continued demand for stablecoin liquidity in the network. Markets seem to view the increased liquidity as consistent with a positive outlook for Solana’s price, possibly affecting its potential to reach $90 in July. The cumulative USDC issuance on Solana for 2026 highlights its growing role in stablecoin and DeFi ecosystems. What to Watch Observers are monitoring the impact of increased USDC liquidity on Solana’s price trajectory, particularly in relation to its potential to reach the $90 mark in July. Key indicators include market responses to liquidity changes and any significant price movements. Additionally, developments in the broader crypto market and macroeconomic factors could influence Solana’s price dynamics, affecting the likelihood of reaching set targets.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 20% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 2.4% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4% — — View market → August 1 2026 0.8% — — View market → August 1 2026 13% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 48% — — View market →
An exclusive study conducted by the Cambridge Center for Alternative Finance at the University of Cambridge has just redefined the environmental hierarchy of crypto blockchains. It indeed demonstrates that Ethereum significantly outperforms Solana in terms of energy intensity relative to its market value. A true revolution for the crypto ecosystem! Figures, methodology, and full analysis in the following paragraphs.
In brief Ethereum consumes about 7.87 GWh of electricity per year, a continuous power of 0.90 megawatt. Its energy intensity is the 2nd lowest in the PoS panel studied by Cambridge, behind BNB Chain. Solana shows the highest absolute consumption (13.48 GWh/year) and an intensity 8.5 times higher than Ethereum. The Merge reduced Ethereum’s continuous power demand from 2.4 GW to 0.90 MW, a drop of more than 99.9%. An annual electricity consumption of 7.87 GWh for Ethereum according to Cambridge The Cambridge Center for Alternative Finance has just published a report titled “Ethereum After the Merge – A Change in Power“. The document indicates that the overall annual electricity consumption of Ethereum is now about 7.87 gigawatt-hours (GWh). This corresponds to a continuous power demand of barely 0.90 megawatts (MW). Which keeps the crypto network more than 99.9% below its initial benchmark line of 2.4 gigawatts (GW).
To arrive at these precise data, Cambridge researchers audited the overall physical structure of the Ethereum network using a bottom-up approach. More concretely, they directly tested the electrical consumption of 20 client software combinations used by nodes on two types of hardware.
Results:
A typical residential setup consumes a median value of 18 watts. A professional workstation climbs to 153 watts. Result of a study conducted by the University of Cambridge on Ethereum’s energy efficiency (Source: Cambridge Center for Alternative Finance) Weighting these results by the actual node distribution, Cambridge obtains an average consumption of about 105 watts per node.
The study lists 8,522 identifiable full nodes:
36% operate on residential connections; 64% in cloud or enterprise infrastructures. The United States hosts 31% of these nodes, followed by Germany (16%), Finland (8%) and France (6%). These four countries alone therefore concentrate nearly 62% of the node network measured by Cambridge.
Ethereum outperforms Solana in terms of energy intensity Certainly, Ethereum uses more electricity than most small PoS networks due to the vastness of its validator set. When adjusting electricity consumption to market value, Ethereum’s efficiency becomes indisputable, however.
According to the University of Cambridge’s study report, the crypto network consumes only 33 kilowatt-hours (kWh) for every million dollars of market capitalization. It thus ranks as the world’s second most efficient blockchain behind BNB Chain.
Conversely, Solana records the highest absolute consumption among the PoS networks studied with about 13.48 GWh per year. Its energy intensity peaks at 283 kWh per million dollars of market capitalization.
This ratio demonstrates that Solana is about 8.5 times more energy-consuming than Ethereum to secure an equivalent economic value. Enough to sweep away the received idea that Solana’s throughput performance would guarantee greater efficiency than Ethereum’s historic architecture.
All the crypto networks included in the Cambridge comparison consume about 38 GWh cumulatively over the studied period. Other blockchains fall between 3.6 and 5.1 GWh. Such is notably the case for:
NEAR; Tron; TON. Cardano and BNB Chain remain below the gigawatt hour mark.
Cambridge however specifies an important point: the study does not claim that Ethereum consumes the least electricity in absolute value.
Ethereum: a carbon footprint now linked to the electricity mix Ethereum’s annual carbon footprint rises to only 2.37 kilotonnes of carbon dioxide equivalent (ktCO₂e). This represents a drastic reduction of 99.98% compared to the Proof-of-Work era. The network’s climate impact now equates to the annual carbon footprint of 900 British households.
Still according to studies by Cambridge researchers, 39.4% of the electricity consumed by the Ethereum network comes from renewable sources and 17% from nuclear. This yields a total of 56.4% low-carbon origin. The remaining 43.6% comes from fossil fuels, with natural gas alone representing 27.7% of the mix.
Alexander Neumüller, research lead of Cambridge’s energy program, summarizes this shift in one sentence:
Electricity is no longer the price of security under PoS.
Cambridge nevertheless specifies an important point: no per-transaction estimate has been made. The reason is that about 92% of Ethereum ecosystem transactions are now settled on layer 2 networks. Which renders the calculation incomplete.
Another clarification: electricity no longer constitutes the adjustment variable of security cost. The residual ecological footprint therefore depends exclusively on the decarbonization of national electricity networks hosting the nodes. Since the energy transition is progressing in the main host countries, Ethereum’s overall environmental footprint is structurally destined to continuously decrease over the coming years.
Ethereum after The Merge: a transformation acknowledged, but nuanced The 15 September 2022 Merge remains undoubtedly the turning point of this story. By definitively abandoning Proof-of-Work, the Ethereum network accomplished an unprecedented technical feat: modifying its engine mid-flight.
The Cambridge study demonstrates that this transition contracted Ethereum’s power demand by 3.5 orders of magnitude.
Decryption: if Ethereum’s electricity consumption before the upgrade was comparable to the height of the Statue of Liberty, the post-Merge network now represents only a simple “golf ball placed at its base.” A striking metaphor illustrating the immediate collapse of energy needs!
That’s not all! By replacing miners with validators staking Ether, Ethereum also dropped its continuous power demand from 2.4 gigawatts to 0.90 megawatts. A decrease exceeding 99.9%. This structural change explains why Ethereum’s energy consumption remains today a favored comparison topic against other proof-of-stake networks.
According to University of Cambridge researchers, a light verification could reduce hardware needs for future nodes. However, broader network participation could offset these gains. The report thus treats future demand as an unknown rather than an acquired downward trajectory.
In any case, the Cambridge study confirms Ethereum’s ecological success after its technological mutation. By surpassing Solana in energy intensity, the crypto network demonstrates its ability to combine economic power and environmental responsibility. Enough to consolidate its hegemony with institutional investors!
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Multiple liquidity pools across various tokens on the Sui blockchain were emptied on July 11, raising concerns among the community over an alleged backdoor exploit. The affected pools were mainly associated with BlueMove, a decentralized exchange operating within the Sui ecosystem.
Tyler Simpson, founder of Quantum Void Labs, expressed alarm over the incident and actively called attention to the situation on social media platforms, posting under the username @quantumvoidlabs. He reported that BlueMove had withdrawn the total value locked in every single liquidity pool on the exchange, placing the estimated loss at more than 700,000 SUI. Simpson described the aftermath as “charts are destroyed, pools drained entirely.”
Later, Simpson elaborated that all tokens launched via BlueMove and its MovePump Launchpad were affected, with each pool’s balance reduced to zero dollars. He also emphasized that the losses targeted meme coins and smaller projects that used the MovePump bonding curve contract for establishing liquidity.
In the hours preceding the event, Simpson had already accused BlueMove of draining pools that platforms and communities believed to be locked.
All tokens on BlueMove DEX—any token launched on MovePump Launchpad—were affected, and every pool’s liquidity was drained to $0, according to Simpson.
Mini dictionary: Sui blockchain, an emerging layer-1 blockchain that aims to deliver high throughput and low latency for decentralized applications, is developed by Mysten Labs as a competitor to networks like Solana.
Onchain evidence and responsesDefimon Alerts, an account specializing in blockchain monitoring, observed an onchain message referencing a drained BlueMove pool with an estimated value of $400,000. The note proposed a “white hat” resolution, suggesting the responsible party keep 30 percent as a bounty and return the remaining 70 percent within 48 hours to a listed Sui address. The sender warned that legal action and recovery processes would commence if the request was not met.
The onchain message read, “You drained the BlueMove DEX pool (~$400k). Keep 30% as a white hat bounty and return 70% within 48h to our Sui address…”
Other community members noted similar trends. The X user @saksidasaksi reported that BlueMove was actively removing liquidity pools from its platform and highlighted that Beeg Blue Whale, a project reliant on the MovePump contract, experienced a drastic decline in available liquidity. The same observer claimed that BlueMove “stopped development a long time ago” and was now stripping liquidity from projects under the impression their tokens were secure.
Backdoor allegations and project historySimpson claimed that BlueMove itself introduced a backdoor mechanism through a package upgrade executed on May 31. He stated the upgrade was performed by the party holding the upgrade cap—the authority within Sui smart contract management that controls contract modifications. Simpson described a new function for returning added liquidity and a double-minting mechanism that inflated LP tokens. This upgrade was made immutable immediately afterward, effectively locking the changes in place. Defimon Alerts echoed these concerns, highlighting that reports of a backdoor had surfaced along with varying loss estimates between $400,000 and $550,000, in addition to the 700,000 SUI reported by Simpson.
BlueMove’s recent activity follows a pattern seen in August 2023, when the project discontinued operations on the Sei Network due to unsatisfactory trading volumes and asked users to delist NFTs within 72 hours. The team has not publicly responded to the latest allegations as of publication time.
Simpson also criticized the broader Sui environment, claiming that mainnet developer Mysten Labs and the Sui Foundation had marginalized projects, leaving only a select few such as WAL and DEEP.
In his latest thread, Simpson suggested he had previously warned Sui network stakeholders about possible risks with BlueMove on three occasions.
BlueMove is a decentralized exchange built on the Sui blockchain and has offered various DeFi protocols and a launchpad service for Sui-based tokens since its inception.
As the situation unfolds, no official statement or remediation plan has been issued by BlueMove regarding the allegations or the losses incurred.
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.
MotivationThis 2026 summer, the Viction Retrodrop Series returns with Season 6, dedicated to recognizing users who demonstrate long-term contributions to the Viction network. A total of 1.25M $VIC will be rewarded to active contributors in Q2, 2026, across four major groups: VIC Staking and Governance, core DeFi Activities, NFT interactions, and Ecosystem Campaigns.
The commitment to Viction through active on-chain participation becomes a sign from those who continue to stand firm with the network through every tide. We call that Conviction. While every on-chain contribution matters, VIC staking represents a long-term commitment to Viction’s growth. By staking VIC, participants help secure the chain and support its long-term development. Season 6, therefore, places VIC Staking as the core reward pillar while continuing to recognize valuable contributions across DeFi activities, NFTs, and ecosystem campaigns.
Viction Retrodrop Season 6 continues to reward active contributors in Q2, 2026, who show their Sign of Conviction on Viction.
Retrodrop 6 SpecificationsAllocation ModelsA total of 1.25M $VIC will be distributed exclusively to users through participation across four groups:
DeFi Activity: swaps, non-VIC staking, and other DeFi transactions on the Viction chain, driving liquidity and on-chain economic activity.VIC Staking & Governance: staking VIC or voting in governance proposals, supporting the network’s security and direction.NFTs: connecting on-chain creativity with ecosystem participation and real-world utilities.Campaign Participation: joining campaign activities with partner projects, reinforcing the Viction’s ecosystem growth through partner-driven initiatives.Following an open forum discussion and the result of the VIP #10 Governance voting, option 1: Staking and DeFi Centric is selected as the final distribution framework for Retrodrop Season 6.
This model prioritizes allocations for the two core engines of the healthy blockchain economy - stakers who secure the chain and DeFi users who drive its liquidity and transaction volume. Together, they support on-chain depth at its strongest for Viction.
Category
Portion
VIC Allocation
DeFi Activity
40.00%
500,000
VIC Staking & Governance
40.00%
500,000
NFTs
5%
62,500
Campaign
15.00%
187,500
Total
100.00%
1,250,000
After snapshot time for Retrodrop Season 6, the system will evaluate users’ on-chain activity and participation, assign the corresponding Foundation NFT tier and determine reward allocation.
Eligible UsersUsers must meet both of the following conditions to receive rewards :
Belong to at least one of the four participation groups defined in the allocation model. Successfully mint the Eligible Foundation NFT as your Sign of Conviction and participation in Retrodrop Season 6. Rewards will only be distributed to wallets that mint the Eligible NFT of Season 6.Users can verify their eligibility on the Viction Web Checker (https://retrodrop.viction.xyz/). Eligible users must mint their Eligible Foundation NFT from July 13, 2026 (7:00 UTC) to July 19, 2026 (7:00 UTC) on Dagora to claim rewards
Eligible Foundation NFT CollectionsRetrodrop Season 6 rewards contributors who are eligible for Retrodrop Season 6 and mint an NFT as proof of participation. Season 6 introduces three tiers of Eligible NFTs, representing different levels of ecosystem participation:
Third Tier: The Spark Second Tier: The Flame First Tier: The Radiance🧷
Note: Minting your Eligible NFT is required to claim rewards. It acts as an on-chain proof of participation in Retrodrop Season 6. Without minting, even wallets that qualify from the snapshot time won’t receive rewards.
Reward Claiming Guide VIC allocation will be distributed to eligible users’ wallets, which minted Eligible NFTs, through Coin98 Vault. Please refer to this guide on how to claim your rewards via Coin98 Vault:
How to use Coin98 Vault on Coin98 Super Wallet AppHow to use Coin98 Vault Website💡
Note: Reward Claiming Duration is from July 30, 2026 (11:00 UTC) to Sep 30, 2026 (11:00 UTC).
Key TimelineClosing ThoughtsRetrodrop Season 6 - Sign of Conviction marks a shift in how Viction recognizes contributions. This season, staking VIC is more than participation. It's a mark of long-term contribution to the network's security and growth. Besides, Viction's ecosystem thrives on diversity. DeFi, NFTs, and ecosystem campaigns all keep the chain vibrant and growing, and Season 6 honors every form of genuine participation.
In Viction's Ownership Economy, your actions define what you own. Keep showing your Sign of Conviction on Viction!
Terms and ConditionsParticipants who do not complete the NFT minting process within the designated minting period forfeit any right to claim or receive the airdrop. Viction bears no responsibility or liability for any missed opportunities, unclaimed tokens, or related consequences arising from failure to complete the minting process within the specified timeframe.By participating in the airdrop, the participant acknowledges and assumes all associated risks, including but not limited to those outlined below.The participant is solely responsible for deciding whether to participate in the airdrop and to accept any VIC received.Participation in the airdrop is entirely at the participant’s own risk. It is the participant’s responsibility to seek independent professional, legal, tax, and other advice regarding the airdrop and any tokens received before taking part in the airdrop or accepting any tokens.Under no circumstances will Viction or any of its affiliates, agents, or representatives be held liable for any claims, losses, damages, or liabilities, whether in contract, tort, or otherwise, arising from or related to the airdrop or the receipt of tokens.Viction disclaims any responsibility for the participant's actions in the airdrop. Viction does not provide any recommendations or advice regarding the airdrop or tokens.The tokens distributed do not represent ownership, equity, or entitlement to any shares of profits, voting rights, rewards or benefits, and have no guaranteed monetary value or exchangeability. Viction makes no representation regarding the listing, liquidity or future value of the tokens.The tokens do not represent equity, ownership, debt, or any form of security.A user can earn overlapping allocations from other VIC allocation sectors if they meet the specified requirements.Ensure you claim your vault within the following periods, or your rewards will be retrieved. Vault claiming timeline: July 30, 2026 (11:00 UTC) - Sep 30, 2026 (11:00 UTC).We will not resolve complaints submitted after Sep 30, 2026.For any event concerns, please contact us on the Viction Discord for support.In all cases, all decisions made by Viction are final.
12 July 2026 | 15:10 Bitcoin's most aggressive buyers of the bull market have gone quiet at exactly the prices where its oldest valuation model says accumulation historically happens, and the bid they abandoned is being picked up by whales while retail traders position for more downside.
Key Takeaways Treasury company market cap down from $396B to $272B since October 2025; buying nearly halted since May. Whale longs rose around the $58,000 bottom while retail bets on more downside, per Alphractal. Fidelity’s power law chart puts BTC in an accumulation zone, support line near $56,488. Visser’s markers: RSI divergence in, $60,000 entry, 200-day near $76,000 confirms. Data published this week describe the same market from three altitudes: corporate treasury flows, derivatives positioning, and Fidelity’s long-run power law framework. Read together, they show a bottom being contested by completely different hands than the ones that built the top, and one veteran macro voice argues the process has just produced its first technical confirmation.
The Corporate Bid Bought High and Froze Low CryptoQuant analyst Darkfost wrote on X that the cumulative market capitalization of Bitcoin treasury companies has fallen from $396 billion in October 2025 to $272 billion, a loss of more than $100 billion, even as their combined holdings grew from 953,000 BTC to 1.14 million.
📉 The market cap of treasury companies has lost more than $100B since October 2025. Their holdings went from a valuation of $396B to $272B.
Over the same period, the number of BTC held by these companies increased from 953,000 BTC to 1.14 million now.
—> Since May, as BTC… pic.twitter.com/B9yvSaGON7
— Darkfost (@Darkfost_Coc) July 11, 2026
The timing of that growth is the uncomfortable part. The cohort tripled its Bitcoin position between November 2024 and October 2025, buying in a price range of $75,000 to $125,000, and since May, with the market trading far below that range, accumulation has slowed to nearly a halt. Strategy, the sector’s template, has started selling, per the same analysis.
The behavior inverts the thesis these companies sold to their shareholders. Treasury vehicles were pitched as price-insensitive permanent bids, buyers of every dip. The data instead shows procyclical buyers who scaled purchases with access to capital markets, and that access moves with their share prices. Falling equity valuations closed the financing channel that funded the buying, which means the corporate bid was never insensitive to price; it was leveraged to it. The cohort still holds more than 5% of Bitcoin’s supply, but as a source of new demand at these levels, it has effectively left the market.
Whales Filled the Gap at $58,000, and Retail Took the Other Side The bid that appeared where the corporate one vanished shows up in positioning data. Analytics firm Alphractal wrote also on X that its Whale vs. Retail Delta is rising again, meaning large positions have cut short exposure and added longs across the top 250 cryptocurrencies, with Bitcoin’s reading “even stronger than most altcoins.” Around the recent $58,000 bottom, the firm identified a sharp increase in whale long exposure, while smaller positions, the retail cohort, moved the opposite way and are positioned for further downside.
Alphractal heatmap illustrating the divergence between whale and retail positioning across various crypto assets alongside Bitcoin price action. The split matters because of what each group’s track record at extremes looks like. Concentrated long positioning by large accounts at a local low, opposed by retail shorts, is the configuration that has historically marked accumulation phases rather than distribution ones. It is not a guarantee; Alphractal itself frames the open question as whether the whale flows represent conviction or a short-term trade around an oversold level. The honest version of the signal is directional but unproven: the biggest accounts on derivatives venues are treating $58,000 as a level worth owning, and the crowd is paying them funding to disagree.
Fidelity’s Map Says the Fight Is Happening in the Right Place The third dataset supplies the frame the first two lack: where these prices sit in Bitcoin’s full history. Fidelity’s Bitcoin Support and Resistance chart, with data as of July 5, shows BTC trading in what the firm labels an accumulation zone and, in its words, “getting ever closer to its power law support line,” the lower boundary of the channel that has contained every cycle since 2010.
Historical analysis of Bitcoin’s support and resistance levels alongside power law trendlines, as of July 5, 2026. The chart marks recent price near $62,685 against a power law support line near $56,488, with the 52-week Z-score against gold pressing toward the negative extremes that previously appeared at the 2015, 2018-19, and 2022-23 cycle floors.
Power law models deserve their standard caveat: they are curve fits to a young asset’s history, not physical laws, and a first-ever break of the support line could simply mean the model was wrong. What the framework contributes here is not a price target but a classification. Every prior visit to this zone occurred when the marginal buyer had capitulated and ownership was migrating to longer-horizon holders, which is a reasonable description of corporates freezing while whales accumulate.
Visser Sees the First Bottoming Signal Since the Peak Jordi Visser, a macro strategist with more than three decades in institutional finance, put a trader’s structure on the same picture in an interview with Anthony Pompliano, published on July 11, 2026. “I finally got my first RSI divergence since the peak at the end of last year,” Visser said, pointing to Bitcoin printing a new low below $60,000 while the four-hour RSI held above its prior low. His plan is mechanical rather than prophetic: “Now I can buy something when its above 60, and I’ll just stop myself back out below the lows.”
His explanation for the weakness adds the macro layer the positioning data cannot see. Visser argued Bitcoin’s decline was partly a casualty of the AI infrastructure trade, with capital rotating out and Bitcoin serving as a high-beta funding and hedging instrument for investors holding semiconductor exposure. As that trade’s momentum faded and leverage came off, the selling pressure on Bitcoin began to ease, which in his framework is how bottoms start: “Price leads narrative. The first thing that always happens in a bottom is you start getting short covering.”
Visser also read the market’s response to Strategy’s sale, the event at the center of the treasury cohort’s freeze, as evidence of absorption rather than fragility. Bitcoin traded above the level where the sale occurred instead of breaking down on it. “Once you don’t sell off after something like that, it actually is more of a positive than a negative,” he said. His confirmation line sits well overhead at the 200-day moving average around $76,000-77,000: until price reclaims it, he treats the advance as a short-covering rally, not a reversed trend. He allows the range could still stretch to $50,000 or $45,000, while expecting Bitcoin above $100,000 within a year, and flagged the Federal Reserve’s July 29 meeting as a near-term catalyst, arguing that no hike could put Bitcoin above $70,000 as markets price out further tightening.
What Each Actor Has to Prove Next The synthesis across all four reads is a market changing hands rather than finding new ones. The measurable tells from here are specific to each actor. For the treasuries, the number to watch is whether cohort holdings resume growing at all below $65,000, or whether Strategy’s selling spreads to weaker balance sheets forced to liquidate into the low, which could be the bear case the retail shorts are betting on. For the whales, the Alphractal delta staying positive through the next leg, up or down, may separate conviction from a scalp.
The Fidelity support line near $56,500 converts from chart decoration into live test if the $58,000 low breaks. And Visser’s framework adds the two dates and one line that arbitrate everything above: the Fed’s July 29 decision, reclaiming $60,000 as the entry trigger, and the 200-day near $76,000 as the level that could turn a short-covering bounce into a confirmed reversal. A bottom built by whales against corporate paralysis is a narrower foundation than the one that built the top, but it is the foundation the market currently has.
The information provided in this article is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are volatile and involve substantial risk. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
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TIME Magazine has sealed a new deal that will see the media giant hold Ethereum on its balance sheets. The deal marks another of TIME’s foray into the cryptocurrency space. It is one of the leading voices in the media publishing space as the magazine is almost 100 years. The magazine which is infamous for its lists will be adding more cryptocurrency to its balance sheet thanks to a new partnership with Galaxy Digital.
Although not the first time that TIME Magazine will be adding crypto to its balance sheet, it will be the first time it will be adding Ethereum. In a previous deal with Grayscale, the media giant had added bitcoin to its balance sheet. This was done in April and TIME has been holding on to the cryptocurrency since then. This time, attention has turned on Ethereum as it seals its deal with Galaxy Digital.
Related Reading | Real Vision CEO Raoul Pal Maps Out A 300% Rally For Ethereum
Terms Of The Ethereum Deal TIME’s deal with Galaxy Digital comes with commitments that are required of both parties. Galaxy Digital will provide the funding, while TIME will carry out a series of agreed-upon publications throughout the duration of the deal.
The first will be a list compiled by the media publishing. TIME, which is famous for producing lists like 100 Most Influential People and 100 Most Influential Companies, will compile a TIME 100 list for the metaverse. As part of the agreement, TIME will also issue a weekly newsletter titled “Into the Metaverse”. This is to promote the metaverse space that has found popularity recently.
ETH maintaining position above $4,000 | Source: ETHUSD on TradingView.com The project which is being paid for by Galaxy Digital is financed completely in Ethereum. It will run for six months and the newsletter will mainly be an educational one providing information on the rapidly growing metaverse space, and written by TIME Staff Writer Andrew Chow.
Learning About The Metaverse In addition to the weekly newsletter, TIME will also provide additional metaverse educational resources via a new branded content page called “Time for Learning”. This page will be unveiled in December and the media giant will leverage its new partner’s expertise in the metaverse to create education and exciting content for its users.
Since the metaverse is a fairly new concept to the mainstream market, it is important that people understand what it is. This is why the partnership between TIME and Galaxy Digital is important.
Related Reading | U.S. Government To Sell $56 Million Worth Of Crypto Seized In BitConnect Case
Sam Englebardt, Co-Founder and Partner at Galaxy Digital, explained this best when he said, “Before we can build the metaverse, we need to define it, since, today, the word connotes vastly different things to different people.”
Mike Novogratz, CEO and Founder of Galaxy Digital, expressed optimism for the project;
“Over the next decade, the metaverse will become an increasingly important part of the world economy; our physical and digital realities are already becoming hard to distinguish,” We look forward to partnering with TIME, an iconic brand driving innovation, as we seek to bring readers, creators, and the curious into the metaverse and demystify the tremendous amount of transformation happening within.”
Featured image from Financial Times, chart from TradingView.com
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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The flagship meme coin of the new Robinhood Chain network, Cash Cat (CASHCAT), has been put through a brutal market test. During trading, the price of the token's perpetual futures on Hyperliquid briefly collapsed by more than 60%.
The chart printed a massive vertical wick downward — from peak levels above $0.190 to a local bottom near $0.080 — before the price quickly rebounded.
Robinhood Chain, a new Ethereum-based Layer 2 network, launched only recently, and the CASHCAT token became its main growth driver. The coin's name was not chosen by accident: "Cash Cat" was Robinhood's original working name during the broker's early development.
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CashCat price chart on Hyperliquid, Source: HyperliquidFueled by the historical reference and speculative interest, the token delivered a phenomenal debut, surging 4,000% in less than a week while its market capitalization exceeded $200 million. The frenzy was so intense that daily trading volume on Robinhood Chain reached $846 million, temporarily surpassing the activity of many mature DeFi platforms.
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For the meme coin sector, such rallies followed by brutal crashes are completely routine and predictable. Extreme volatility is built into the very nature of these assets, where fundamental value is replaced by pure hype and panic spreads instantly. In the case of CASHCAT, the situation was intensified by the derivatives market.
The main arena for speculation was Hyperliquid. The platform accounts for the lion's share of all futures activity involving the token — more than 70% of total trading volume. Given the high speed of decentralized protocols, this domino effect cut the contract price on Hyperliquid in half within minutes, sending it as low as the local $0.080 level.
Trading volume on the crash candle, measured by the Volume SMA, briefly exceeded 9.8 million tokens.
What is happening with Cash Cat now?The panic faded as quickly as it began. At the moment, the price has recovered and is fluctuating around $0.170–$0.173, while the oracle index price stands at $0.17316.
The incident did not strip Cash Cat of its status as the flagship token of the new network, but it served as another reminder that, in the meme coin market, the distance between an all-time high and the complete liquidation of a trading account can sometimes be measured in just a few seconds.
Hyperion and Hyperliquid have emerged as the only decentralized asset tokens (DATs) currently reporting a positive unrealized profit and loss (PnL), as noted by Cointelegraph. This suggests that their open positions are currently in profit, contrasting with other DATs experiencing net unrealized losses. Hyperion DeFi, an ecosystem builder, advocates for Hyperliquid, a decentralized exchange known for supporting perpetual futures. The positive unrealized PnL suggests that these platforms or their users are holding profitable positions in the current market conditions.
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Key Takeaways Cointelegraph’s report suggests Hyperion and Hyperliquid are in a strong financial position with positive unrealized PnL. This development appears consistent with increased interest and potential growth in volume for Hyperliquid. Market pricing indicates a potential rise in Hyperliquid’s value, with the December 31, 2026 market showing a 41.5% probability of reaching $100. What to Watch Market participants may want to monitor any announcements of partnerships or technological advancements from Hyperliquid, as these could further influence market sentiment. Additionally, any significant shifts in volume or institutional interest may indicate changes in the perceived viability of Hyperliquid reaching its price targets. Observers will also be keenly watching for any regulatory developments or security concerns that could impact market stability.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 41.5% — — View market → January 1 2027 4.9% — — View market → January 1 2027 4% — — View market → January 1 2027 72% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
The U.S.-Iran standoff in the Strait of Hormuz is approaching a dangerous tipping point, with military conflicts escalating anew.
US officials stated that the U.S. military conducted multiple strikes on missile and air defense systems at several sites around the Strait of Hormuz, as well as small vessels belonging to the Iranian Revolutionary Guard Corps (IRGC) an hour ago. Officials from Iran’s Qeshm Island confirmed that local time on Sunday afternoon, the enemy launched 10 to 11 missiles at Qeshm Island; all targeted military facilities, and no casualties were reported in the attack. Earlier, Iran announced it had launched an attack on a U.S. missile base in Kuwait. The ATACMS missile system facility at the U.S. military base in Kuwait was struck, with smoke rising at the scene. Meanwhile, Lebanon’s National News Agency (NNA) reported that Israeli artillery carried out additional shelling in southern Lebanon. Two Israeli shells hit Kafr Tibtin town in Nabatieh District, southern Lebanon. The agency added that the attack originated from Israeli military positions in the occupied border area. In addition, Israel also shelled the town of Zawtar al-Sharqiya near Meifadoun.
3 hours ago
Iran launches an attack on the U.S. missile base in Kuwait.
According to Iran's Mehr News Agency, Iran launched an attack on a US missile base in Kuwait. The ATACMS missile system facility at the US military base in Kuwait was struck, with smoke rising at the scene. Iran's president also noted: "We are engaged in a complex economic war, and successfully overcoming this phase requires the active participation of citizens." Israeli Prime Minister Benjamin Netanyahu stated: "Trump hopes to reach an agreement with Iran, particularly on the nuclear issue, but if Iran fails to abide by its commitments, he will not hesitate to use military force."
3 hours ago
A whale has collateralized 1.56 million kHYPE on the HyperlendX platform, borrowing 1.06 million WHYPE.
According to OnchainLens monitoring, a crypto whale deposited approximately $107.21 million in assets on the HyperlendX platform and borrowed around $70.94 million using this deposit as collateral. The address currently holds 1.56 million kHYPE as collateral, has borrowed 1.06 million WHYPE, with a health factor of 1.31, indicating relatively prudent operations. Additionally, the whale has staked 12,305 HPL.
3 hours ago
During the World Cup, high-frequency sports prediction whale swisstony emerged, with its account notching up over 139,000 predictions and generating nearly $20 million in profits.
Data from prediction market platform Predict.fun shows that top high-frequency sports trader swisstony emerged during the 2026 FIFA World Cup (co-hosted by the U.S., Canada, and Mexico). Since entering the market in July 2025, the whale has generated total profits of $18.648 million, with a single largest profit of $1.2 million, having made a total of 139,304 predictions, and its profit curve has been steadily rising. Its World Cup prediction record is impressive: it excels in contrarian trades when popular odds are overvalued, amassing huge profits through high-frequency, small-margin trades. While average per-trade gains are modest, its stable win rate leads to strong cumulative returns. In June, the whale earned around $9.5 million by contrarian betting on popular teams including England, Spain, and Belgium, briefly becoming the platform’s 5th highest-earning user. Currently, swisstony is focusing on the France vs Spain match on July 14 (local time), placing heavy positions across multiple sub-markets for the game. Its core strategy remains making large volumes of "No" predictions—especially for low-probability exact scores—paired with some handicap and over/under bets. The whale consistently ranks at the top of prediction market monthly profit leaderboards, with a single-day profit exceeding $2 million. Analysts believe swisstony likely uses automated tools or real-time data to assist its trading.
3 hours ago
Data: 48% of Nasdaq 100 constituent stocks have corrected over 20% from their respective peaks, while 64% still trade above their 200-day moving average.
In the Nasdaq 100, 48% of constituent stocks have corrected at least 20% from their respective peaks. This proportion has doubled over the past 12 months, but remains lower than the 60% level recorded before the market bottomed at the end of March, and is still short of the extreme 80% hit during the 2022 bear market. Meanwhile, 64% of constituents are still trading above their 200-day moving average, near the year's highest level — a figure that stood at just 38% before the market bottomed on March 30. The rally in the U.S. stock index is increasingly relying on a small number of stocks for support.
3 hours ago
Analysis: BTC reclaiming the $70,700 level is the primary signal of a trend reversal, with some long-term investors accumulating at lower levels.
Analyst Darkfost points out that Bitcoin trading below the Short-Term Holder (STH) cost base is a hallmark of every bear market cycle. BTC has remained below this level for over nine months. The STH cost base currently stands at $70,700 and has consistently acted as a resistance level. In May, Bitcoin attempted to test the nearby level of roughly $82,000, only to pull back immediately. Since then, the STH cost base has dropped significantly, signaling that some investors have accumulated positions at lower prices, lowering their average holding cost. However, the price has yet to effectively hold above this key level. The analysis notes that a sustained recovery above the STH cost base will mark the first positive signal. Bitcoin is currently trading in a range of $59,000 to $64,000, a notable distance from the $70,700 resistance level. If BTC can later break through and hold above this level effectively, it will mean the entire short-term holder cohort has exited unrealized losses, and market sentiment could shift from bearish defense to structural recovery. Conversely, if resistance persists, the STH cost base will continue to decline, potentially extending the bear market bottoming cycle.
The U.S.-Iran standoff in the Strait of Hormuz is approaching a dangerous tipping point, with military conflicts escalating anew.
US officials stated that the U.S. military conducted multiple strikes on missile and air defense systems at several sites around the Strait of Hormuz, as well as small vessels belonging to the Iranian Revolutionary Guard Corps (IRGC) an hour ago. Officials from Iran’s Qeshm Island confirmed that local time on Sunday afternoon, the enemy launched 10 to 11 missiles at Qeshm Island; all targeted military facilities, and no casualties were reported in the attack. Earlier, Iran announced it had launched an attack on a U.S. missile base in Kuwait. The ATACMS missile system facility at the U.S. military base in Kuwait was struck, with smoke rising at the scene. Meanwhile, Lebanon’s National News Agency (NNA) reported that Israeli artillery carried out additional shelling in southern Lebanon. Two Israeli shells hit Kafr Tibtin town in Nabatieh District, southern Lebanon. The agency added that the attack originated from Israeli military positions in the occupied border area. In addition, Israel also shelled the town of Zawtar al-Sharqiya near Meifadoun.
2 hours ago
Iran launches an attack on the U.S. missile base in Kuwait.
According to Iran's Mehr News Agency, Iran launched an attack on a US missile base in Kuwait. The ATACMS missile system facility at the US military base in Kuwait was struck, with smoke rising at the scene. Iran's president also noted: "We are engaged in a complex economic war, and successfully overcoming this phase requires the active participation of citizens." Israeli Prime Minister Benjamin Netanyahu stated: "Trump hopes to reach an agreement with Iran, particularly on the nuclear issue, but if Iran fails to abide by its commitments, he will not hesitate to use military force."
2 hours ago
A whale has collateralized 1.56 million kHYPE on the HyperlendX platform, borrowing 1.06 million WHYPE.
According to OnchainLens monitoring, a crypto whale deposited approximately $107.21 million in assets on the HyperlendX platform and borrowed around $70.94 million using this deposit as collateral. The address currently holds 1.56 million kHYPE as collateral, has borrowed 1.06 million WHYPE, with a health factor of 1.31, indicating relatively prudent operations. Additionally, the whale has staked 12,305 HPL.
2 hours ago
During the World Cup, high-frequency sports prediction whale swisstony emerged, with its account notching up over 139,000 predictions and generating nearly $20 million in profits.
Data from prediction market platform Predict.fun shows that top high-frequency sports trader swisstony emerged during the 2026 FIFA World Cup (co-hosted by the U.S., Canada, and Mexico). Since entering the market in July 2025, the whale has generated total profits of $18.648 million, with a single largest profit of $1.2 million, having made a total of 139,304 predictions, and its profit curve has been steadily rising. Its World Cup prediction record is impressive: it excels in contrarian trades when popular odds are overvalued, amassing huge profits through high-frequency, small-margin trades. While average per-trade gains are modest, its stable win rate leads to strong cumulative returns. In June, the whale earned around $9.5 million by contrarian betting on popular teams including England, Spain, and Belgium, briefly becoming the platform’s 5th highest-earning user. Currently, swisstony is focusing on the France vs Spain match on July 14 (local time), placing heavy positions across multiple sub-markets for the game. Its core strategy remains making large volumes of "No" predictions—especially for low-probability exact scores—paired with some handicap and over/under bets. The whale consistently ranks at the top of prediction market monthly profit leaderboards, with a single-day profit exceeding $2 million. Analysts believe swisstony likely uses automated tools or real-time data to assist its trading.
2 hours ago
Data: 48% of Nasdaq 100 constituent stocks have corrected over 20% from their respective peaks, while 64% still trade above their 200-day moving average.
In the Nasdaq 100, 48% of constituent stocks have corrected at least 20% from their respective peaks. This proportion has doubled over the past 12 months, but remains lower than the 60% level recorded before the market bottomed at the end of March, and is still short of the extreme 80% hit during the 2022 bear market. Meanwhile, 64% of constituents are still trading above their 200-day moving average, near the year's highest level — a figure that stood at just 38% before the market bottomed on March 30. The rally in the U.S. stock index is increasingly relying on a small number of stocks for support.
2 hours ago
US and South Korean stocks: Monday price preview shows SK Hynix has a potential opening gain of $21, while most US stocks are projected to rise slightly in pre-market trading.
During weekends when traditional markets are closed, Trade.xyz, dubbed the "on-chain Nasdaq", enables continuous trading and real-time price discovery via perpetual contracts—capabilities unavailable in traditional finance—pricing in advance the upcoming Monday's U.S. and South Korean stock market trends. For U.S. stocks, most popular assets on Trade.xyz have edged up slightly from their post-Friday closing prices, with most expected to see minor gains ahead of Monday's trading session. Weekend performance data from BIT (bit.com) shows: Micron (MU) is trading at $981.4, versus $982.982 in U.S. after-hours trading on Friday; SanDisk (SNDK) at $1953.5 vs. $1935; NVIDIA at $211.81 vs. $210.58; Intel at $111.43 vs. $109.6; Google at $358.01 vs. $355.05; AMD at $562.1 vs. $559.9; SpaceX at $145.72 vs. $145.92. For South Korean stocks, popular assets on Trade.xyz posted the following weekend performance, with expectations of a minor gap-up opening on Monday. Data from Bitget shows: Samsung Electronics is trading at $190.8, compared to Friday's closing price of $190; SK Hynix at $1475 vs. $1454.
The United States launched fresh strikes on Iran on Sunday, marking the third military action in a single week, and Tehran has reportedly closed the Strait of Hormuz once again. Yet crypto traders barely lifted an eye. Bitcoin and Ether were little changed in early weekend trading, according to the CoinDesk market update. The absence of a flight to on-chain assets suggests a maturing market that is no longer easily spooked by headline conflict.
The blockade of the world’s most critical oil chokepoint would normally rattle risk assets and send safe-haven bids surging. Instead, Bitcoin hovered near its recent range, and Ether moved less than a percent in either direction. Liquidity remained thin in the weekend offshore session, but the overall posture was calm. That flatness is itself a signal.
Why Crypto Yawned at a Strait of Hormuz Closure Historically, attacks on Iran and threats to Gulf shipping lanes have set off sharp moves across commodities, currencies, and occasionally crypto. The last time Tehran made good on a Hormuz closure, in 2025, Bitcoin spiked 4% in under two hours before pulling back. This time the script flipped. The escalation was already priced into a market that has grown numb to geopolitical whip-saws, and institutional flows that once might have shifted toward Bitcoin in a panic are now driven by structured products and regulated gateways.
Another factor is the dollar. When tensions around the Strait of Hormuz drive oil prices higher, the greenback often strengthens, counterbalancing any flight-to-quality bid for the largest cryptocurrency. With Bitcoin and Ether increasingly trading like large-cap tech proxies, a deflated VIX and steady DXY kept on-chain assets in check despite the military headlines.
Institutional Silence and the New Safe-Haven Question The muted reaction also points to changing ownership structures. Spot ETF flows in the U.S. and Asia have concentrated holdings among funds that rebalance on calendars, not panic. Weekend surveillance from on-chain analysts showed no unusual exchange inflows, no sudden spike in stablecoin minting, and no mass movement of coins from cold wallets to sell-side addresses. If anything, the lack of activity suggests spot holders are largely institutional, and those hands are not for sale on a Sunday morning Iran strike.
That does not mean the risk is gone. A sustained closure of the Strait of Hormuz would disrupt global crude and LNG supplies, pushing inflation higher and forcing central banks to delay rate cuts. In that scenario, long-duration assets—including crypto—would eventually suffer. But traders are not connecting those dots yet, possibly because the latest closure is seen as another brief disruption rather than a permanent shift. The market is waiting to see whether shipping lanes reopen within 48 hours, which has been the pattern in past Hormuz flare-ups.
The Regulatory Context Hanging Over the Market While military action dominated weekend headlines, the crypto market’s attention is also split by domestic policy battles. Just days before this strike, a major crypto bill was in jeopardy in Washington as banking interests attempted to derail it ahead of a Senate vote. That legislative uncertainty acts as a counterweight, keeping capital on the sidelines regardless of geopolitical shocks. When the regulatory path forward is unclear, neither a bombing run nor a chokepoint closure provides enough clarity for a directional bet.
Meanwhile, developer activity across major chains remains robust. The latest top blockchains by developer commits shows continued building, a reminder that short-term price action is increasingly disconnected from network fundamentals. That decoupling is what allows Bitcoin and Ether to absorb geopolitical noise without the violent swings of earlier cycles.
For now, the market appears to be pricing the conflict as a contained event. The key variable is how long the Strait of Hormuz stays closed. A reopening before Monday’s U.S. market open would likely reinforce the narrative of crypto’s resilience. A protracted standoff, on the other hand, would test whether the calm of a weekend can survive a week of risk repricing across bonds, equities, and commodities. Either way, the anemic price response to a third U.S. strike in seven days and a global shipping pinch point closure is a notable evolution in how digital assets absorb the world’s tensions.
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.
Businessman is holding a bitcoin as part of a business network, Cryptocurrency blockchain connection, Technology and financial investment background concept.
getty
I’m not a perma-bear. I’m not a doomster – and yes, I’ve been calling bitcoin down for a long time now.
And it’s been falling.
I called it up in 2017, 2021, and 2025 – it’s all here on Forbes if you want to check the calls. There I am on the record: a bitcoin bull on the way up and a bear on the way back down again in each case.
I’m not a bitcoin maxi; I’m a bitcoin vari. Buy it when it’s cheap, sell it when it’s expensive. I’m not cherry-picking my calls. I could say bitcoin hasn’t risen since 2024, but I won’t. I could say you would have outperformed gold and the S&P if you had bought in 2023, but I won’t say that either, because accurate hindsight has no value. I’m in the approximate foresight game, and sorry, I still think it’s going down some more.
Here is the chart, which is just another close variant of what I’ve said before. The map to the destination just gets a little clearer as we approach where I expect the bottom to be, which is between $30,000 and $40,000.
It’s not fate, because things can intervene, but it is a high-probability outcome.
The bitcoin chart - are we approaching the bottom?
Credit: ANewFN.com
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There are a lot of headwinds out there for bitcoin, not the least of them being its use by the adversaries of the U.S. Some people get pretty angry when I point that out, but just half an hour of research will uncover skulduggery so breathtaking that it makes me consider how the U.S. might change its permissive attitude towards bitcoin in due course. At the very least, you would think the U.S. will try – and likely succeed – in removing bitcoin’s largest use case: its utility for getting around sanctions and facilitating illicit transactions. Some people deny that’s a thing, but it clearly is. Bomb Iran and pooooff... off goes 25% of the mining hash rate.
Bitcoin, like a CryptoPunk NFT, will never go to zero, but the future could reverse its four-year cycle of appreciation.
Yet first we need to get to the end of this cycle and see how the next one begins.
Iran, North Korea, and the Asian scam-centre slavers will do the future of bitcoin no good, but whether they will permanently damage BTC remains to be seen.
However, if you do not watch out for that sting in the tail, it may well get you.
Businessman is holding a bitcoin as part of a business network, Cryptocurrency blockchain connection, Technology and financial investment background concept.
getty
I’m not a perma-bear. I’m not a doomster – and yes, I’ve been calling bitcoin down for a long time now.
And it’s been falling.
I called it up in 2017, 2021, and 2025 – it’s all here on Forbes if you want to check the calls. There I am on the record: a bitcoin bull on the way up and a bear on the way back down again in each case.
I’m not a bitcoin maxi; I’m a bitcoin vari. Buy it when it’s cheap, sell it when it’s expensive. I’m not cherry-picking my calls. I could say bitcoin hasn’t risen since 2024, but I won’t. I could say you would have outperformed gold and the S&P if you had bought in 2023, but I won’t say that either, because accurate hindsight has no value. I’m in the approximate foresight game, and sorry, I still think it’s going down some more.
Here is the chart, which is just another close variant of what I’ve said before. The map to the destination just gets a little clearer as we approach where I expect the bottom to be, which is between $30,000 and $40,000.
It’s not fate, because things can intervene, but it is a high-probability outcome.
The bitcoin chart - are we approaching the bottom?
Credit: ANewFN.com
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There are a lot of headwinds out there for bitcoin, not the least of them being its use by the adversaries of the U.S. Some people get pretty angry when I point that out, but just half an hour of research will uncover skulduggery so breathtaking that it makes me consider how the U.S. might change its permissive attitude towards bitcoin in due course. At the very least, you would think the U.S. will try – and likely succeed – in removing bitcoin’s largest use case: its utility for getting around sanctions and facilitating illicit transactions. Some people deny that’s a thing, but it clearly is. Bomb Iran and pooooff... off goes 25% of the mining hash rate.
Bitcoin, like a CryptoPunk NFT, will never go to zero, but the future could reverse its four-year cycle of appreciation.
Yet first we need to get to the end of this cycle and see how the next one begins.
Iran, North Korea, and the Asian scam-centre slavers will do the future of bitcoin no good, but whether they will permanently damage BTC remains to be seen.
However, if you do not watch out for that sting in the tail, it may well get you.
The crypto initial public offering market is slowing down in 2026, with four major players in the sector having postponed their IPOs. According to Christian Lopez, blockchain lead at Cohen & Company Capital Markets, investor caution now weighs more than regulation. Will the sector regain public market appetite before 2027?
In brief Payward (Kraken), Consensys, Ledger and Grayscale postponed their IPO plans awaiting a more favorable market. Blockchain.com filed a confidential IPO request in the United States in May 2026. Christian Lopez, from Cohen & Company Capital Markets, anticipates a possible crypto cycle bottom around October 2026. Capital is Turning Away from Crypto IPOs in Favor of AI The crypto initial public offering market is slowing significantly in 2026, as investors redirect their capital towards other technological sectors.
Christian Lopez, blockchain and digital assets lead at Cohen & Company Capital Markets, places the turning point last October when a liquidity event drained part of the ecosystem’s capital. Retail investors, traditional drivers of the crypto market, have since massively turned to artificial intelligence.
This rotation then extended to the most prized technology stocks, notably the shares of the seven giants of the sector grouped under the Mag 7 label. More recently, however, even these AI-linked stocks have suffered significant corrections, a sign of a new portfolio reallocation.
Several companies were expecting a prosperous year after the successful listings of Circle (CRCL) and Bullish (BLSH), the parent company of CoinDesk. The weakness of the markets and the disappointing performance of BitGo (BTGO) after its IPO have since dampened this optimism, a finding Lopez shared with CoinDesk.
Blockchain Advances Despite the Slowdown Macro-economic uncertainty amplifies investor caution. Expectations regarding interest rates and global deleveraging, notably recent interventions by the Bank of Japan to support the yen, weigh on appetite for high beta assets like cryptos. Lopez believes the market might not significantly reopen to crypto listings before 2027, with a cycle bottom expected around October.
Despite this slowdown, blockchain technology continues to gain ground in traditional finance. Morgan Stanley, Nasdaq, and the New York Stock Exchange are developing a settlement infrastructure via tokenization, while the sector moves towards near-instant settlement, from T+1 to T+0.
The OpenUSD network, which already brings together more than 140 financial institutions around a stablecoin infrastructure, illustrates this dynamic. According to Lopez, the long-term winners will be blockchain infrastructure providers rather than companies built around a single token, knowing that many small cryptos are already struggling to raise funds in private markets.
In short, the slowdown of crypto IPOs reflects less a regulatory issue than an overall tightening of capital access. The rotation towards AI, uncertainty over interest rates, and the expectation of a bottom around October form a common movement of caution among investors.
Bitcoin, ether and solana are expected to remain benchmark assets, while thousands of smaller tokens risk disappearing within three to five years. A selection process that could reshape the crypto landscape permanently.
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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.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The number of companies building physical infrastructure for AI has increased by 187% over the past 12 months. It reflects a genuine land grab happening at the intersection of two industries that, until recently, seemed to exist in parallel universes: artificial intelligence and cryptocurrency mining.
Bitcoin miners find their second act The pivot from mining Bitcoin to hosting AI workloads has been nothing short of dramatic for several publicly traded crypto miners. Hut 8, one of the more recognizable names in North American Bitcoin mining, saw its stock climb roughly 211% over the past year. Several peers in the space have posted gains ranging from triple digits to as high as 800%.
TeraWulf may have made the splashiest move of all, signing a $19 billion AI data center contract with Anthropic, the company behind the Claude AI model. Cipher Mining, trading under the ticker CIFR, and Hut 8 (HUT) have both leaned hard into the AI infrastructure narrative. The physical infrastructure is remarkably transferable: Bitcoin mining requires massive amounts of electricity, industrial-scale cooling systems, and facilities designed to run 24/7 without interruption. AI model training and inference require exactly the same things.
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The numbers behind the gold rush Analysts at Compass Point have flagged something interesting about the valuation gap in this space. Several AI infrastructure stocks, including TeraWulf, may actually be trading below the implied value of the AI contracts they’ve already signed.
Some stocks in the sector have surged by over 493% in 12 months. Lumentum, which makes optical networking components critical to data center connectivity, has seen its stock increase by over 1,000% on the back of AI-driven demand.
Hyperscalers — the Microsofts, Amazons, Googles, and Metas of the world — are projected to invest roughly $700 billion in AI-related infrastructure by 2026. That figure represents a cumulative estimate across major players, and it creates a massive downstream demand for exactly the kind of physical capacity these infrastructure companies provide.
Why crypto investors should pay attention Bitcoin mining has always been a brutally cyclical business. Margins expand during bull runs and compress violently during downturns, especially after halving events that cut block rewards in half. AI data center contracts, by contrast, tend to be long-term agreements with predictable revenue streams. For companies like TeraWulf, a $19 billion contract with Anthropic provides the kind of earnings visibility that Bitcoin mining simply cannot.
Many are running dual operations, maintaining their mining rigs while simultaneously building out AI capacity. The risk is execution. Converting mining facilities to AI-grade data centers isn’t trivial. AI workloads demand different networking configurations, higher-density power delivery, and more sophisticated cooling solutions than Bitcoin mining.
There’s also the question of competition. As the 187% increase in AI infrastructure companies suggests, the field is getting crowded fast. Traditional data center operators like Equinix and Digital Realty have decades of operational expertise and established relationships with enterprise customers. Bitcoin miners entering the space are essentially arguing that their cost advantages on power and real estate can offset their relative inexperience in enterprise data center operations.
The Compass Point analysis offers a useful framework: if AI infrastructure stocks are genuinely trading below the value of their signed contracts, that gap represents either a buying opportunity or a market signal that execution risk is being priced in more heavily than the headline numbers suggest. An investor who bought Hut 8 a year ago for Bitcoin exposure has, perhaps inadvertently, become an AI infrastructure investor.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Top Democrats Slam Trump Over Crypto Engagement Bitcoin (BTC)
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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Bitcoin price remains constructive as it trades around $62,000 to $63,000, while Trump and crypto legislation continue to shape market expectations. Daily price action has been relatively calm, but developments in Washington could influence sentiment over the coming sessions. While volatility has eased, traders are watching whether policy headlines begin to outweigh macro drivers.
Five senior Senate Democrats publicly criticized President Donald Trump growing ties to the crypto industry. Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden argued that Trump’s reported crypto-related financial interests raise fresh conflict of interest concerns. They said those disclosures deserve closer scrutiny as Congress advances digital asset legislation.
JUST IN: Rep. James Comer warns Democrats will investigate & “harass” Trump if they retake the House.
— Polymarket (@Polymarket) July 9, 2026 Meanwhile, lawmakers are still negotiating key pieces of crypto legislation. Senate leaders have yet to release the final text of a broader market structure bill, while several policy issues remain unresolved. In the House, disagreements over unrelated measures have also slowed momentum, making the legislative timetable less certain.
Even so, markets have largely priced in expectations for regulatory progress. Investors continue watching for stablecoin legislation and a clearer market structure framework, both viewed as long-term positives for the industry. However, any meaningful delay could remove one of Bitcoin’s strongest near-term catalysts and leave prices more dependent on macroeconomic and liquidity trends.
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Can Bitcoin Reclaim $73,000 With Trump Crypto Headwinds Building?Bitcoin climbed more than 6% this week, briefly trading around the $63,000 to $64,000 range before easing slightly. That leaves the recent breakout zone under the spotlight rather than in the rearview mirror. As long as buyers defend roughly $61,000 to $62,000, the trend stays constructive. Lose that area, and the market could suddenly remember where the exit is.
Market activity remains healthy, with daily crypto trading volume hovering around $80 billion. Bitcoin dominance is holding above 58%, showing that larger investors still prefer the market’s heavyweight instead of chasing every shiny new token. Meanwhile, Ethereum has outperformed on the week, while Solana continues to trade sideways, waiting for a reason to wake up.
The bullish case is straightforward. If lawmakers make tangible progress on digital asset legislation, Bitcoin could challenge the $65,000 region and test higher resistance. The market has a habit of reacting first and asking questions later when regulation turns friendlier.
The base case is less dramatic. Political wrangling could drag on without derailing the legislation, leaving Bitcoin stuck between roughly $61,000 and $65,000 for the next few weeks. It may not be exciting, but markets often spend more time catching their breath than sprinting.
The bearish scenario hinges on politics rather than charts. If bipartisan support fades and the legislation becomes another partisan battleground, sentiment could cool quickly. In that case, Bitcoin may revisit the upper $50,000s, where buyers would likely get another chance to prove they still mean business.
Discover: The Best Crypto to Diversify Your Portfolio
Maxi Doge Targets Early-Mover Upside as Bitcoin Tests Key LevelsTraders positioned in large-caps at current levels are essentially buying a policy lottery ticket, meaningful upside if the bill clears, limited near-term edge if it stalls. For traders who’ve already rotated profits from the BTC spike and are hunting asymmetric setups, the early-stage presale market is where that calculus shifts.
Maxi Doge ($MAXI) is a meme token built on Ethereum around a 240-lb canine mascot and a blunt trading philosophy, 1000x leverage mentality, gym-bro culture, and holder-only trading competitions with leaderboard rewards. It’s not trying to be infrastructure.
The presale is currently priced at $0.0002828, with $4.8 million raised to date. The project runs a dynamic APY staking mechanism, a Maxi Fund treasury for liquidity and partnerships, and a meme-first marketing engine designed to move fast in bull-market conditions.
The tagline is blunt: Never skip leg-day, never skip a pump. Research Maxi Doge here.
Bitcoin’s [BTC] resilience remains one of the key psychological metrics investors are watching.
Currently, it’s standing out. Macro FUD is officially back after U.S. President Donald Trump pulled back from the ceasefire with Iran, triggering another wave of uncertainty. Oil prices have surged more than 5% and are now approaching the $75 resistance level. Historically, rising oil prices have often aligned with major corrections across the crypto market.
Yet Bitcoin’s technical structure continues to hold above the key $60k support zone, with BTC up more than 6% during the late June/early July rally. What’s interesting is that this strength has come alongside higher oil prices, a clear divergence from previous cycles. That could be an early sign that the market is starting to absorb the macro FUD instead of selling into it.
Source: TradingView (BTC/USDT) Against this backdrop, Bitcoin’s resilience looks more like a healthy reset.
According to CoinGlass, BTC has wiped out more than $13 million in long liquidations over the past 24 hours, as FUD pushed leveraged traders out of the market. Despite the flush, BTC continues to hold above key support, suggesting the move has simply cleared out excess leverage rather than damaging the broader trend.
Historically, this type of reset has often been followed by a strong rebound, putting the $65k-$70k range back in focus. The real question now is whether spot demand is strong enough to back the move. That’s where Bitcoin whale positioning becomes the key metric to watch.
Bitcoin holds firm as whales bet on strength despite macro FUD Bitcoin’s resilience makes whale positioning worth watching.
According to Alphractal, the Whale vs. Retail Delta is rising again. The data shows whales are gradually adding to long positions. Bitcoin stands out with one of the strongest positive readings. Retail traders, however, continue to lean the other way, with smaller positions still positioned for further downside.
Interestingly, whale long exposure spiked around Bitcoin’s recent $58k bottom, reinforcing the view that larger players were buying into weakness while retail stayed defensive. More importantly, this divergence is unfolding while one of Bitcoin’s key on-chain demand metrics remains weak.
Source: CryptoQuant According to CryptoQuant, Bitcoin’s 30-day Spot Demand has been in negative territory since December 2025. The metric bottomed at -273,000 BTC in mid-June before recovering to around -100,000 BTC as of writing.
In simple terms, negative Spot Demand means new Bitcoin supply still isn’t being fully absorbed by buyers. Combined with a lack of a strong institutional bid, Bitcoin’s resilience is starting to look increasingly dependent on whale accumulation. Unless spot demand begins to recover, that resilience could be difficult to sustain.
In this context, the rise in whale long positioning becomes even more significant. If whales continue accumulating while spot demand gradually improves, Bitcoin could have the foundation for another leg higher. If not, BTC’s current consolidation around the $60k level may simply be a bull trap.
Final Summary Bitcoin is holding above key support despite macro FUD. Whales are betting on more upside while retail stays bearish. Spot demand will likely decide whether BTC breaks out or turns into a bull trap.
Bitcoin (BTC), the world’s largest cryptocurrency, faces renewed resistance after rebounding from recent lows, with technical indicators and market data pointing to a pivotal price zone that could define its next major move.
Buyers return as Bitcoin recoversMarket data shows Bitcoin trading at approximately $64,006, marking a 0.35% increase on the day according to TradingView. This modest recovery follows a sharp fall earlier this year, when the price briefly approached $58,000.
CryptoQuant, a blockchain analytics platform, has observed an easing in both spot and futures demand contraction since June 2026. Julio Moreno, Head of Research at CryptoQuant, noted that the current market reflects less aggressive selling and an improving environment for buyers.
Recent research by CryptoQuant highlights that contractions in both spot and futures demand for Bitcoin have slowed considerably from June 2026 levels, signaling more stable and positive market conditions.
CryptoQuant’s 30-day demand growth data shows spot and futures demand turning less negative by late June, coinciding with Bitcoin’s price rebound. Although these conditions indicate stabilization rather than strong accumulation, the reduction in selling pressure signals a gradual improvement. Historically, July has produced favorable market seasonality for Bitcoin, which could aid price support if current trends persist.
Key liquidity zones guide short-term movesTechnical analysis indicates Bitcoin is moving within a descending channel, with price constrained between two notable liquidity pools that may determine its next direction.
The upper liquidity zone, spanning $64,450 to $64,520, has attracted buy-side liquidity above recent price highs. If Bitcoin enters this range, a flurry of stop orders could be triggered, possibly resulting in profit-taking or renewed selling.
Below current levels, analysts have pinpointed a demand zone between $63,620 and $63,700, where sell-side liquidity is concentrated. A move into this area may draw in buyers and prompt a quick rebound.
Rather than expecting an immediate breakout, technical analysts recommend watching for market confirmation after either liquidity boundary is reached, as volatility typically rises when prices search for support or resistance.
This approach underscores the importance of liquidity in assessing short-term market behavior, with many participants waiting for a decisive test of these key zones before forming a directional bias.
Mini dictionary: Liquidity pool — In trading, this term refers to price areas where a high concentration of buy or sell orders is anticipated, often acting as short-term support or resistance zones that can trigger increased volatility.
Major resistance hinders further gainsFrom a broader technical perspective, Bitcoin has managed a solid rebound in July but now faces stiff resistance between $64,500 and $65,000. This area, identified by analysts as a 4-hour order block, has repeatedly capped previous rallies and matches historic zones of increased selling activity, particularly from institutional traders.
Recent price action also shows a series of lower highs, suggesting that buying momentum is waning as Bitcoin approaches this resistance. If buyers do not force a clear breakout above $65,000, analysts warn that the market remains susceptible to another corrective slide.
The first significant support below current levels is found near $61,000. Should Bitcoin fall below this mark, a shift in market structure could be confirmed, opening the way to the next demand area between $58,000 and $59,000, where technical patterns such as the Daily Order Block and Fair Value Gap reinforce potential support.
ZonePrice RangeImplicationUpper supply/resistance$64,500–$65,000Repeated rejections, possible breakout targetMajor support$61,000Breach could confirm bearish trendNext demand zone$58,000–$59,000Potential rebound if lower support failsIf buyers successfully claim the $65,000 level, technicals suggest the door could open toward $67,000, whereas continued rejection risks further downside.
Neutral technical signals keep market undecidedTradingView’s technical summary for BTC currently lists a Neutral rating, reflecting a balanced state between bullish and bearish forces. Out of all indicators, 9 signal Buy, 9 signal Neutral, and 8 signal Sell.
Momentum indicator readings are as follows:
RSI (14): 53 — NeutralMACD (12,26): -202 — Buy signalStochastic %K: 90 — NeutralStochastic RSI Fast: 97 — NeutralCCI (20): 92 — NeutralADX (14): 24 — NeutralMomentum (10): 2,524 — SellBull Bear Power: 1,808 — SellThe majority of these metrics suggest stabilization, with no convincing signal of a new upward trend yet established.
BTC outlook hinges on $65,000 breakoutShort-term technicals, improving on-chain demand, and more balanced liquidity conditions have put Bitcoin in a holding pattern just below its latest resistance cluster. The market is closely monitoring whether improving sentiment and reduced selling will be enough to push the price above $65,000.
Until BTC achieves a sustained move above $64,500–$65,000, the risk of another corrective adjustment toward support at $61,000 or the deeper $58,000–$59,000 region remains in focus. A confirmed breakout above resistance, however, could shift market expectations toward $67,000.
For now, Bitcoin remains tightly consolidated, with attention fixed on whether the current stabilization in demand will be sufficient to overcome its most important resistance zone.
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.
Eric Trump’s investment in Bitcoin mining has reportedly resulted in a substantial loss of more than $600 million for his family. The loss is attributed to a 95% drop in the market value of American Bitcoin Corp., the mining company he co-founded. This downturn aligns with a broader decline in the cryptocurrency mining sector, which has been impacted by falling Bitcoin prices and shifts in mining infrastructure. Despite these challenges, American Bitcoin Corp. still holds significant Bitcoin reserves but has suffered financially due to lower mining margins and Bitcoin valuations.
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Key Takeaways The reported loss appears consistent with decreased confidence in Bitcoin’s ability to reach higher price targets in the near term. Market participants may interpret this development as supportive of scenarios where Bitcoin struggles to achieve the $82,500 price level in July. The current pricing in related prediction markets suggests a sentiment shift, reflecting concerns about the stability of Bitcoin investments. What to Watch The market will closely observe any further announcements from key industry figures or changes in regulatory environments that could influence Bitcoin’s price trajectory. Developments in mining technology or shifts in energy costs could also impact sentiment. As the month progresses, watch for any significant movements in Bitcoin’s price, which could alter the prevailing market outlook.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.7% — — View market → August 1 2026 51% — — View market → August 1 2026 24.5% — — View market → August 1 2026 21.5% — — View market → August 1 2026 2.6% — — View market → August 1 2026 87% — — View market → August 1 2026 0.1% — — View market → August 1 2026 5.3% — — View market → August 1 2026 1.1% — — View market → August 1 2026 10.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 5.5% — — View market → August 1 2026 10.5% — — View market → August 1 2026 1.2% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 74% — — View market →
Holding Bitcoin (CRYPTO: BTC) through every downturn is the only strategy that has consistently worked in crypto, according to Dragonfly Managing Partner Haseeb Qureshi.
Yet, he says most people don’t do “the obvious thing.”
The Only Strategy That Has Ever Worked In Crypto Is HoldingSpeaking on the When Shift Happens podcast in July, Qureshi said he entered the industry in late 2017 and watched Bitcoin fall from $19,000 to $4,000 with Ethereum dropping below $100.
He said 2018 may have been worse than post-FTX because at least after FTX, investors had someone to blame. In 2018, there was nobody to point a finger at.
“There are so many people I know who came into crypto at the same time I did and didn’t make money,” Qureshi said.
“The answer is very simple. You just didn’t do the obvious thing, which is stay in the market.” He said venture capital works partly because it forces investors to hold, with LPs locked up and unable to sell even when they want to.
Institutions Are Still Barely In, And That’s Where The Upside LivesThe biggest predictor of who voted for the FIT 21 crypto bill in the House was age, not party. Younger Congress members voted yes, older ones voted no, and Qureshi said crypto adoption follows the same generational curve the cloud shift followed.
Bitcoin Is Not Digital Gold Yet, And That’s Exactly Why It’s Still VolatileQureshi pushed back on critics who complain Bitcoin isn’t trading like gold during macro stress.
Bitcoin is a bet on something that may become like gold, not something that already is. If the market believes Bitcoin reaches saturation in 10 years, it prices accordingly.
If expectations shift to 15 years, the asset gets marked down sharply even if the terminal value stays the same. His rough saturation price range: well above $100,000, probably below $1 million.
Ethereum And Solana Are In A Growth Regime, Not A Revenue RegimeQureshi said critics applying a cash flow framework to Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are using the wrong lens.
Ethereum barely moves when fees increase. It moves on growth expectations, the same way Tesla (NASDAQ:TSLA) trades on robotics and autonomous vehicle potential rather than current earnings.
AI Eating Crypto Talent Is Actually HealthyQureshi said pioneers who need chaos should go find it in AI. Crypto is now in the buildout phase, executing on proven infrastructure.
Social media went 20 to 30x between 2010 and today without a single major new idea after 2010.
Crypto is entering the same phase, and the gains ahead don’t require the Wild West to come back.
Image: Shutterstock
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Stacks, the Bitcoin Layer 2 network, is proposing a significant upgrade to its consensus mechanism that would let Bitcoin holders earn yield on their BTC without ever moving it off the main chain. The kicker: 15% of all excess revenue gets funneled into a reserve fund designed to keep the whole system solvent even during lean times.
The upgrade, dubbed PoX-5 (Proof-of-Transfer version 5), introduces a waterfall distribution model. Protocol bond holders sit at the top of the payment queue, with an initial target yield of roughly 3% APY. These bonds require a six-month lockup period. Only after those obligations are met does the remaining revenue flow downhill.
Whatever is left after paying bond holders, the excess miner revenue, gets split two ways. STX-only stakers receive 85% of the surplus. The protocol reserve fund absorbs the remaining 15%.
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To participate, Bitcoin holders lock their BTC on the Bitcoin Layer 1 network using a timelock mechanism and pair it with STX, the native token of the Stacks network. No bridging required. No custodial transfers.
Building a 1.2-year safety buffer The 15% reserve allocation isn’t arbitrary. Simulations run across 210 two-week cycles, roughly eight years of modeled data, project that the reserve fund would accumulate enough to cover 1.2 years of yield commitments.
The system also includes capacity constraints and real-time coverage ratio monitoring. There’s no slashing mechanism for participants, meaning stakers don’t risk losing their principal if something goes sideways with the network.
The whitepaper laying all of this out was published on May 13, 2026. Since then, the Stacks community has been reviewing the associated SIP (Stacks Improvement Proposal) documents related to the bootstrap phase. No formal votes or launches have been finalized yet.
Stacks’ track record with Proof-of-Transfer The original PoX mechanism has been operational since January 2021, and over that period, the protocol has distributed more than 4,200 BTC to participants under prior consensus versions. PoX-5 is an evolution of that infrastructure, adding structured yield products and reserve mechanics on top of existing plumbing.
The upgrade also serves a dual purpose beyond yield generation. By requiring participants to pair BTC with STX, it creates organic demand for the Stacks native token. More staking activity means more STX gets locked up, which theoretically supports the token’s value while simultaneously enhancing network security through increased participation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy founder and chairman Michael Saylor again took to social media on Sunday to offer his latest signal to investors as one analyst sees Saylor’s messaging as needing more clarity to help Bitcoin regain its momentum.
“Orange dots tell only part of the story,” was Saylor’s message on Sunday in a post that accompanied a chart from Saylortracker.com, similar to previous social media messages that have preceded news of Strategy's Bitcoin (BTC) purchases, typically announced the day after his posts.
In recent weeks, the largest digital asset treasury company and a major BTC holder, has moved away from its long-time “never sell Bitcoin” approach to a willingness to sell the biggest crypto as needed to fund dividends for holders of its STRC preferred stock and to replenish its cash reserves. Earlier this month, Strategy sold $216 million worth of Bitcoin, reducing its total holdings to 843,775 tokens, according to a July 6 filing with the US Securities and Exchange Commission.
“Orange dots tell only part of the story.” Source: Michael Saylor
Days earlier, Strategy unveiled a capital framework allowing Bitcoin sales to fund dividends, increased the annual dividend rate on its STRC preferred stock to 12%, and disclosed that its US dollar reserve had grown to $2.55 billion.
Standard Charter’s global head of digital assets research, Geoff Kendrick, believes recent Strategy’s actions — and Saylor's manner of communicating them — “are muddying the waters for BTC near-term.”
“We think effective communication of MSTR’s new strategy (using BTC to back STRC) is key to reassuring markets that wholesale selling is unlikely; this should in turn support BTC prices,” Kendrick wrote in a note to clients on Friday. “Indeed, if this signalling proves effective, it should remove the need for MSTR to actually sell any BTC by supporting STRC’s price,” he said.
StanChart sees inconsistencies in “never sell” approachKendrick said that Strategy’s long-held “never sell” approach limited what the company could with its industry-biggest digital asset treasury.
“The problem with the ‘never sell’ approach is that it limits what MSTR’s BTC holdings can do — or, perhaps more importantly, what they are perceived to be doing,” the StanChart analyst said. “MSTR has started to shift its communication strategy on this in recent months. It has sold BTC twice and recently announced a BTC monetization program.”
Source: Standard Chartered Bank
Still, he sees Strategy’s “market signaling” will improve soon. He expects that to bring clarity to the outlook for Bitcoin, on which StanChart maintains its $100,000 year-end forecast.
Shares struggle from year low ahead of earnings reportInvestors who bought into the Strategy narrative have not had an easy time in the past 12 months. The STRC preferred shares were formulated to hold a price of $100 apiece. Shareholders saw that par value fall to the wayside last month, to the lowest value since the preferred stock was introduced a year ago.
The common shares, trading under the MSTR ticker, have lost more than 70% of their value since July 2025, closing at $94.64 per share on Friday, down from a 52-week high of $457.22.
The company is slated to report second-quarter earnings on July 30, with analysts consensus of $4.28 per share, according to Yahoo Finance data. Earnings have fallen short of analyst forecasts in six of the last eight quarters, according to Fintel.io data, including a 33.76% negative surprise in the first quarter of 2026.
Magazine: Will the crypto lobby's $189M campaign get CLARITY over the line?
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Strategy, the digital asset-focused investment firm founded by Michael Saylor, has once again drawn attention following a series of social media posts and significant changes in its Bitcoin management strategy. Saylor, who serves as chairman, posted a cryptic message on Sunday accompanied by a chart from Saylortracker, stating, “Orange dots tell only part of the story.” This messaging style has often preceded announcements about the company’s Bitcoin acquisitions or strategy shifts.
Shift from “never sell” to active cash managementIn a move away from its previous “never sell Bitcoin” policy, Strategy recently showed willingness to liquidate a portion of its Bitcoin holdings. Earlier this month, the company disclosed the sale of $216 million in Bitcoin, reducing its total reserve to 843,775 BTC according to a July 6 filing with the US Securities and Exchange Commission.
Just days before the sale, Strategy introduced a new capital framework that permits Bitcoin sales specifically for funding dividends to holders of its STRC preferred stock and for augmenting its cash reserves. At the same time, the firm raised the annual dividend rate on STRC shares to 12% and reported US dollar reserves of $2.55 billion.
Orange dots tell only part of the story, Saylor noted in his latest update, signaling that recent changes in company strategy could mean further flexibility in managing Bitcoin assets.
Strategy holds one of the largest Bitcoin treasuries globally and has previously promoted a buy-and-hold approach, making recent developments particularly notable within the cryptocurrency community.
Mini dictionary: Strategy is an institutional investor known for holding one of the largest corporate Bitcoin reserves and has influenced crypto markets with its high-profile BTC acquisitions and statements.
Analyst calls for clearer communicationGeoff Kendrick, global head of digital assets research at Standard Chartered, commented on the recent changes at Strategy. He cited concern that Saylor’s ambiguous communications could create uncertainty for Bitcoin in the near term.
Kendrick advised that Strategy’s new approach—using Bitcoin to support STRC preferred stock—should be more clearly explained to reassure investors. He stated, “Effective communication of MSTR’s new strategy (using BTC to back STRC) is key to reassuring markets that wholesale selling is unlikely; this should in turn support BTC prices.” Kendrick also suggested that clearer market signaling could reduce pressure to sell Bitcoin and help maintain STRC’s value.
Strategy’s changes in policy and messaging may be creating near-term uncertainty for Bitcoin, but increased clarity could prompt greater market support, Kendrick wrote in a note to clients.
Standard Chartered maintains its $100,000 year-end price forecast for Bitcoin, noting that clarified communication from major corporate holders like Strategy could provide stability around the flagship cryptocurrency.
EventPrevious PolicyCurrent PolicyBitcoin holdings managementNever sell BTCSell BTC to fund dividends and cash reservesSTRC preferred stock dividendVariable (historical)12% annual rateUS dollar reservesNot disclosed$2.55 billionDespite strategic shifts, shareholders have experienced a challenging period. STRC preferred shares dropped below the $100 par value last month, reaching their lowest price since being issued a year ago. Meanwhile, the firm’s common stock, trading under the MSTR ticker, has declined by over 70% since July 2025 and closed at $94.64 last Friday, a substantial fall from its 52-week high of $457.22.
Strategy is scheduled to announce its second-quarter earnings on July 30, with analysts expecting an average of $4.28 per share. However, the company has missed earnings expectations in six of the last eight quarters, including a 33.76% negative surprise in the first quarter of 2026.
These developments highlight the challenges faced by institutional investors as they adjust corporate strategies in a volatile digital asset environment.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A technical rebound is brewing on the XRP chart, and its timing has coincided almost perfectly with Ripple's leadership carrying out an active effort to correct the narrative. While the token's price was setting new local lows in the $1.02–$1.06 range, the RSI on the TradingView chart began rising steadily from oversold territory.
In technical analysis, this bullish divergence means one thing — sellers are running out of steam, the bearish momentum is fading, and the asset is ready to reverse upward. XRP is now attempting to consolidate at $1.0914 while remaining above the psychological $1.00 level.
XRP price chart with David Schwartz recent post and RSI indicator, Source: TradingViewAt the same time, a full-scale social media drama has unfolded around the project's historic survival. It all began with revelations from Ripple CEO Brad Garlinghouse at the University of Kansas.
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What Ripple management's comments mean for the chartHe admitted that in December 2020, with the company reeling from the SEC lawsuit, Ripple's leadership briefly considered shutting down the firm and distributing its XRP holdings to shareholders. In the end, Garlinghouse and Chris Larsen decided to fight, which cost them $150 million in legal expenses but saved the company.
When media outlets picked up the story and began pushing headlines about capitulation and asset liquidation, Ripple CTO Emeritus David Schwartz sharply pushed back against the panic, saying that his previous comments had been taken out of context: "I never said Brad seriously considered shutting down the company."
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Schwartz recalled the pressure they were under at the time. The lawyers they had hired unanimously insisted that Ripple was "doomed and beyond saving," urging the company to settle immediately, while the personal lawsuits against its top executives were nothing more than pressure tactics from the SEC.
The legal battle did leave a negative mark on XRP, causing the token to lose momentum in global adoption and surrender market share to competitors. The market is clearly tired of old fears, so Schwartz's direct clarification, combined with the bullish signal on the chart, may give the token a strong chance of entering a sustained period of local consolidation.
Ripple CEO Brad Garlinghouse announced that they are seriously considering shutting down Ripple entirely after the US Securities and Exchange Commission (SEC) filed a lawsuit against the company in 2020.
Speaking at an event at the KU School of Business, Garlinghouse said that the SEC has virtually unlimited power and resources, making the decision of whether or not to fight the case extremely difficult.
According to Garlinghouse, one of the options Ripple had was to distribute its XRP holdings to shareholders and cease operations by notifying the SEC that it no longer held XRP. However, company management assessed that such a decision could lead to hundreds of employees losing their jobs.
Garlinghouse noted that Ripple chose to pursue legal action instead, stating that the company was prepared to undertake a long and costly litigation process to counter the SEC’s allegations and continue its operations.
In December 2020, the SEC filed a lawsuit against Ripple and its executives Brad Garlinghouse and Chris Larsen, alleging that the sale of XRP constituted an unregistered securities offering.
*This is not investment advice.
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The longstanding debate over whether Ripple’s XRP requires SWIFT for future global success has intensified following SWIFT’s announcement that its blockchain-based shared ledger is ready for early implementation, just nine months after development began.
SWIFT’s blockchain development fuels discussionSWIFT, a global financial messaging network used by thousands of banks worldwide, revealed progress in its digital asset strategy by preparing its blockchain-based shared ledger for rollout. The development has reignited speculation about whether SWIFT and XRP are destined to be competitors, partners, or parallel solutions with separate objectives.
Several market analysts maintain that XRP does not need SWIFT to pursue worldwide adoption. They highlight Ripple’s established infrastructure, which directly connects XRP to more than 13,000 banking and financial institutions without depending on SWIFT’s legacy intermediaries.
“XRP doesn’t need SWIFT. It already has access to more than 13,000 banks. It’s SWIFT that needs XRP.”
This viewpoint reflects a broader belief within the XRP community that Ripple, the company behind XRP, has spent years cultivating direct relationships with banks, regulators, and payment providers across the globe, sidestepping the traditional correspondent banking framework that SWIFT pioneered.
XRP’s independent growth and technologyCharuSan, a computer engineer and long-time XRP commentator, has underscored that XRP was not created to complement legacy payment networks but to offer a more advanced alternative. CharuSan argued that blockchain technology can replace outdated financial systems, setting XRP apart from models that rely on legacy intermediaries.
XRP’s ability to function independently from SWIFT is seen as a long-term advantage by some market commentators, positioning it for broader opportunities beyond supporting legacy systems.
Ripple’s blockchain infrastructure is designed to facilitate cross-border payments that are faster, less expensive, and more efficient than those processed using traditional financial rails. By eliminating dependency on a central clearing network, Ripple aims to streamline global settlements for banks and payment providers.
This philosophy has led parts of the XRP community to question whether direct integration or competition with SWIFT is either necessary or inevitable for XRP’s long-term growth.
Focus on real adoption over speculationSome voices within the network caution that speculation about SWIFT partnerships can distract from tangible development. Vet, an XRP Ledger dUNL validator, has urged investors to avoid spreading claims that SWIFT is already utilizing XRP technology without substantiated evidence. Instead, Vet emphasizes that measurable progress within the XRP Ledger should take priority when evaluating the asset’s prospects.
Vet’s stance is that ongoing technological improvements and real-world adoption will influence XRP’s future much more than theoretical discussions about potential partners.
This divergence of opinion highlights a central theme in the current debate: while some envision XRP as a possible replacement for much of the traditional financial infrastructure, others believe that its success will ultimately rest on the pace of technological progress and real adoption, regardless of developments involving SWIFT.
Broad consensus appears to be emerging around the idea that the XRP Ledger’s ongoing evolution, rather than any potential connection to SWIFT, will play the decisive role in shaping XRP’s global position.
Mini dictionary: SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a network that enables secure messaging and transaction instructions among banks and financial institutions globally. SWIFT is not a payment system itself but serves as the communications backbone for cross-border financial operations.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
With payment volume on the XRP Ledger plummeting to almost zero over the past 24 hours, XRP's on-chain activity has suffered yet another severe blow. Recent network data shows that the amount of XRP transferred between accounts fell sharply from a local peak of more than 1.3 billion XRP at the start of July to just 40.5 million XRP on July 12.
Demand for the network is lowSuch a drop seems concerning at first. Because it shows real value moving throughout the network rather than speculative trading activity on exchanges, payment volume is one of the XRP Ledger's most closely watched metrics. Naturally, concerns about declining demand and usage arise when this number drops by more than 95% in a matter of days.
XRP/USDT Chart by TradingViewThe situation might not be as dire as it appears, though, based on past behavior. The characteristics of the XRP payment volume itself are a crucial component. A few large transfers between institutional participants, exchanges, or whale wallets frequently drive the metric's extreme volatility. Because of this, spikes and collapses often happen without having a long-term impact on the market value of XRP or the overall health of the network.
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Stabilization isn't happeningAccording to the chart, payment volume sharply increased around July 1 before quickly declining back to typical levels. Over the course of XRP's history, these patterns have repeatedly emerged. They frequently signify the completion of a few exceptionally large transactions rather than a long-term decrease in network activity. Whether a recovery can happen in the next 24 hours is the current question.
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Surprisingly, the answer is yes. In contrast to indicators like active addresses or wallet growth over the long term, payment volume can almost immediately increase. The number could return to the hundreds of millions of XRP in a single day with a few significant transfers. Because whale activity has a significant impact on the metric, historically, abrupt declines in payment volume have frequently been followed by equally abrupt recoveries.
XRP is still under pressure in terms of price. The asset is still trading below its main moving averages, and the overall trend is dominated by bearish momentum. However, the decline in payment volume does not necessarily indicate that the token itself will continue to decline.
For the time being, investors should view the near-zero payment volume reading as a cautionary signal worth monitoring rather than as conclusive evidence that XRP network activity has begun a protracted decline. Determining whether this was just a brief lull or the start of a longer-term slowdown will be crucial over the next 24 to 48 hours.
Recent on-chain data has revealed a sharp drop in payment volume on the XRP Ledger, with activity nearly reaching zero over the past 24 hours. The number of XRP tokens transferred between accounts declined dramatically from over 1.3 billion XRP at the start of July to just 40.5 million on July 12.
Sharp decline in network activityPayment volume is considered a crucial indicator of real value moving through the XRP Ledger, operated by Ripple Labs. This metric excludes speculative trading and instead measures tokens transferred directly between addresses — often linked to payments, settlements, and institutional fund flows.
Observers note that payment volume plunged by more than 97% in a matter of days, raising concerns about a rapid decrease in demand and usage across the network.
However, on-chain analysts caution that such extremes in payment volume are not unusual for XRP. Single large transfers by institutional participants, major exchanges, or so-called “whale” wallets frequently cause the metric to spike or fall dramatically over short periods.
Mini dictionary: Whale wallet, a term referring to a cryptocurrency wallet holding a substantial amount of a digital asset. Actions by whale wallets can cause large fluctuations in on-chain metrics due to the volume of their transfers.
Volatility in historical contextHistorical trends show that XRP Ledger’s payment volumes often experience abrupt increases and declines. For example, after surging at the beginning of July, payment volume quickly reverted to what analysts identify as typical activity levels. These patterns usually reflect several significant transactions, not a permanent shift in network health.
Such volatility means payment volume can rebound as quickly as it falls. Large individual transfers are capable of pushing the daily metric back up into the hundreds of millions of XRP within a single day, making it less reliable as a long-term network health indicator compared to metrics like active wallet growth.
DateXRP Payment VolumeCommentJuly 11.3 billion XRPShort-term spikeJuly 1240.5 million XRPNear-zero activityXRP price under ongoing pressureDespite the fluctuations in network volume, XRP’s price remains under significant pressure and continues to trade below major moving averages. Analysts describe the prevailing trend as driven by bearish momentum, which has so far limited any potential recovery in the asset’s value.
Still, a collapse in payment volume does not directly translate into an ongoing price decline for XRP. Network data from previous months suggests that recoveries in payment activity can occur quickly, depending on the movements of larger holders.
The sudden drop in payment activity does not always signify a long-term decline in real use or market sentiment for XRP, given the metric’s historic volatility due to whale transactions.
For now, analysts view the drop in payment volume as a warning sign, not proof of a prolonged slowdown in network activity. Industry participants are expected to watch closely over the next 24 to 48 hours to determine whether this decrease represents a brief lull or a longer-term trend.
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.
XRP has dropped nearly 70 percent from its July 2025 high of around $3.66, trading near $1.12 by early July 2026. That kind of drawdown tests even patient holders. But a growing number of chart watchers say the pain might be masking something bigger playing out underneath.
The Trend Line That Keeps Bouncing
An analyst pointed to a long term ascending trend line that XRP has followed since 2020, one that has already survived three major tests. Each time the price fell back to touch that rising support line, it bounced hard. The first came in April 2020 near 16 cents, followed by a run to nearly $2 a year later. The second came in mid 2022, followed by a climb toward 94 cents. The third arrived in late 2024, setting up the move to last year’s all time high.
Why the Fourth Test Matters
Now XRP may be approaching a fourth test of that same trend line, somewhere in the 74 to 80 cent range. That number matters because of what happened the last time XRP hit a fourth retest on an earlier version of this same structure. Back in February 2017, XRP bottomed near half a cent after three earlier trend line defenses going back to 2013. What followed was a climb to $3.31 by January 2018, a move of nearly 63,000 percent.
A Repeat Is Unlikely, But Not the Point
Nobody serious is predicting XRP repeats that exact percentage gain. The asset is far larger now, the market is more mature, and each retest since 2020 has already produced smaller percentage moves than the one before it. That is normal for an asset that has grown from a fraction of a cent into a multi billion dollar market. Smaller does not mean insignificant. Even a partial repeat of past cycles could still represent a major move from current prices.
The Level Everyone Is Watching
What matters most right now is whether XRP holds that 74 to 80 cent zone if it gets there. A successful defense would strengthen the case that the broader structure remains intact. A break below it, with no reclaim, would weaken the comparison to past cycles significantly.
Markets do not repeat perfectly, and old patterns fail more often than headlines suggest. But the setup gives holders a specific level to watch instead of reacting purely to short term price swings, and that distinction alone is shaping how traders are approaching the next few months.
Story Ends Here
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The XRP products continue to operate differently than those tracking BTC and ETH.
For weeks and weeks, the spot Ripple ETFs, alongside HYPE and sometimes SOL, dominated all cryptocurrency-related exchange-traded funds, while the market leaders suffered.
However, this trend has finally changed as the financial vehicles tracking the performance of the cross-border token turned red in the past week for the first time in over two months.
Streak Broken Although the actual numbers were not as impressive as they were back in October, November, and December last year when the XRP ETFs launched, they were still in the green for nine consecutive weeks. Moreover, the only week that broke that streak saw a minor $35.21K (not millions) in net outflows, so it doesn’t really count. Within this timeframe, the total net inflows rose from under $1.29 billion to a new all-time high of $1.49 billion as of July 2.
However, the tides finally turned in the past five business days. Interestingly, though, only one day was in the red, with $7.29 million leaving the funds on July 8. A minor $107.38K entered the funds on Friday, while the other three trading days saw no reportable action, according to SoSoValue data.
Spot XRP ETF Inflows. Source: SoSoValue This is rather concerning as XRP has seen similar net inflow-free days in the past, but that wasn’t the case in the last few months. Now, though, investors appear to have turned their attention away from Ripple’s token and back to the market leaders. As reported yesterday, both the Bitcoin and Ethereum ETFs recorded their first green week in two months, with net inflows of almost $200 million and $84 million, respectively.
XRP Price Stalls Despite the major net inflows for nine weeks, Ripple’s native coin failed to capitalize and record any substantial gains in that time. However, the net ouflows in the past week seem to have harmed it, as current data from CoinGecko shows a 3.2% decline over the past week.
XRP challenged the $1.15 resistance earlier this week, but it was halted there, and the subsequent rejection pushed it south to under $1.10. Although it has rebounded to that level now, the uncertainty continues as many analysts expect a major move ahead.
You may also like: XRP Stalls at $1.10: Could Quiet On-Chain Activity Be the Calm Before a Bigger Move? XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate Japanese Firms Are Boosting BTC and XRP Holdings – SBI VC Trade Reveals Why The direction, as usual, is unknown, but the overall belief within the crypto community is that XRP has reached a decision point and it could either head below $1.00 soon or rocket toward new local peaks.
Key Takeaways ETH has regained the $1,800 threshold, climbing 20% from its 2026 bottom at $1,517 Technical charts reveal a double-bottom formation with resistance at $1,815 MVRV ratio has fallen under 0.8, a threshold previously associated with long-term price floors Ethereum spot ETFs attracted more than $84 million following two months of continuous outflows BitMine, led by Tom Lee, has accumulated nearly 200,000 ETH over the past month Ethereum is staging a notable comeback that’s now drawing interest from institutional players and chart analysts alike. ETH has pushed into the $1,811–$1,822 range, marking approximately a 20% gain from its 2026 floor of $1,517.
Ethereum (ETH) Price The recent price movement has created a classic double-bottom setup, with both troughs hovering around $1,517 and a key resistance line positioned at $1,815. This formation typically signals potential trend reversals among technical analysts.
Additionally, Ethereum has broken above its 25-day Exponential Moving Average. The Percentage Price Oscillator is trending upward and nearing a bullish zero-line cross, another indicator closely monitored by momentum traders.
MVRV Indicator Enters Zone Historically Linked to Market Bottoms The Market Value to Realized Value ratio for Ethereum has slipped beneath 0.8. Previous instances occurred in December 2018, March 2020, and June 2022 — each marking significant long-term lows.
ETHEREUM IS OVERSOLD!
On-chain data reveals the ETH MVRV ratio has officially dipped below 0.8, putting it into deep accumulation territory.
Historically, falling below this 0.8 MVRV level signals seller exhaustion, as aggregate market value falls significantly below total… https://t.co/LNkygeXO5n pic.twitter.com/jGhaQlV8fp
— Ali Charts (@alicharts) July 10, 2026
This metric implies ETH might be trading under its fair realized value. Historically, patient investors have viewed such periods as accumulation opportunities rather than selling events.
Analyst Aksel Kibar, CMT, shared on X that Ethereum’s short-term reversal structure appears solid, highlighting a potential near-term double bottom — aligning with current chart patterns.
Wall Street Money Flows Back via ETFs and Strategic Buyers Following two consecutive months of withdrawals, spot Ethereum ETFs recorded more than $84 million in net inflows this week. Though modest in absolute terms, the reversal in flow direction has captured analyst attention.
BitMine (NASDAQ: BMNR), led by veteran analyst Tom Lee, has emerged as a major accumulator. The firm added over $35 million worth of ETH this week alone, bringing total holdings to 5.74 million ETH as it approaches the 6 million mark.
Meanwhile, the Crypto Fear and Greed Index climbed from 15 (extreme fear) to 31, a sentiment shift historically correlated with price rebounds for both Bitcoin and Ethereum.
$ETH as beaten down as this has been, this is still a decent overall area. This + Robinhood activity makes eth look pretty attractive in the short term and I can see this going to 2500ish if btc remains stable pic.twitter.com/XIuPURox4d
— Altcoin Sherpa (@AltcoinSherpa) July 11, 2026
For Ethereum to validate a move toward $2,000, it must sustain levels above $1,817 and overcome resistance between $1,820 and $1,850. Successfully converting this zone into support would open pathways to $1,950 and eventually $2,000.
Should ETH drop below $1,730, the current rally could lose momentum and lead to extended sideways trading.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
TL;DR
XRP Ledger AI agents surpassed 1 million transactions, yet total value moved barely exceeded $5,000, showing bots are handling volume, not capital.Chandler Guo, a veteran Chinese Bitcoin miner, forecast a return to $120,000 within a year and a climb to $500,000 within five years, citing capped supply and ETF demand.Robinhood Chain's daily DEX volume hit $877.56 million, edging past Ethereum's $778 million, driven largely by the $CASHCAT memecoin.Spot crypto ETFs booked $281.8 million in net weekly inflows, ending an eight-week streak of outflows, while Bitcoin holds between $61,000 and $66,000.One million transactions for $5,000: Is XRPL's AI economy ready to grow up?A revealing situation has emerged on the XRP Ledger (XRPL) as autonomous AI agents have already completed more than 1 million transactions, yet the total value of these payments in XRP and the RLUSD stablecoin has barely exceeded $5,000, according to XRPL AI Hub.
The impressive one-million figure generated loud headlines, but it also exposed the reality: to secure a meaningful position in the market, the AI economy on the XRP Ledger needs to be measured in billions of transactions, not thousands of dollars.
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The low financial volume is a direct consequence of the structure of current AI traffic. Bots use the blockchain for microtransactions, paying fractions of a cent for API calls, seconds of GPU computing time, or access to text data.
State of agent economy on XRP Ledger, Source: XRPL AI HubXRPL handles these tasks effortlessly thanks to its minimal and predictable fees. Financially, however, the system is still running almost idle. One million transactions prove that machines can communicate with one another, but they are not yet bringing meaningful liquidity to the network.
For the AI ecosystem surrounding XRP and RLUSD to enter the major leagues, it must move beyond the "sandbox" stage and begin managing significant amounts of capital. Real volume will arrive when AI agents stop merely purchasing code and start independently managing corporate funds and tokenized real-world assets (RWAs).
Bitcoin at $500,000: Mining veteran Chandler Guo makes bold predictionProminent Chinese miner and early crypto investor Chandler Guo broke his silence on X with a concise prediction: Bitcoin will return to $120,000 within a year and rise to $500,000 over the next five years.
The main value of this statement lies in the author's background. Guo is not a random social media personality but an industry heavyweight who stood at the origins of industrial-scale Bitcoin mining in China. He rarely throws numbers around, which is why his Chinese-language post immediately captured the market's attention.
Chandler Guo predicts Bitcoin to reach $500,000 within 5 years, Source: XBitcoin is currently holding near $63,840, making the half-million-dollar target appear unrealistic. However, Guo's forecast follows a clear logic:
A return to $120,000 is realistic. Bitcoin already tested this level at its 2025 peak, so a return within the next 12 months appears to be a technically justified scenario.The mathematics of scarcity. Fewer than 1 million bitcoins remain to be mined out of the hard-capped supply of 21 million coins. Wall Street agrees. The $500,000 target by the end of the decade aligns with the long-term estimates of Standard Chartered analysts, who link global price growth to capital inflows through spot ETFs.What is the catch? Market history shows that before every major rally, Bitcoin tends to stage severe cyclical corrections that shake out excessively optimistic investors. Mining veterans may be confident about the future, but the speed at which their forecasts materialize will depend on liquidity conditions across global markets.
Robinhood vs Ethereum: How memecoins pushed the broker to the top of the crypto rankingsDefiLlama data recorded a rare shift in the on-chain economy as daily DEX volume on the relatively new Robinhood Chain surged to $877.56 million, surpassing Ethereum's $778 million.
The most remarkable part is the relationship between the figures. Robinhood Chain has only $131.51 million in total value locked. This means users are not simply storing money there but are moving it through the network at extraordinary speed.
Robinhood Chain, a layer-2 blockchain built on Arbitrum, launched on July 1 2026. Management initially planned to develop serious financial instruments and tokenized assets on the network, but retail traders had other ideas. The chain was immediately flooded by a wave of memecoin speculation.
The main hit was CASHCAT, a reference to the historical fact that company CEO Vlad Tenev originally wanted to name the brokerage CashCat. The token's market capitalization quickly surpassed $180 million, accounting for the lion's share of the network's activity.
Top blockchains by 24 hours DEX volume, Source: DefiLlamaThe network's success is also a victory for effective social media marketing. Robinhood understands its audience perfectly. While traditional banks publish dull reports, the broker's official account posts concise lines such as, "We're in a very crypto time of our lives," generating millions of views and creating powerful FOMO.
Vlad Tenev himself played along with the crowd on X. At the height of trading activity, he joked that the network had technically been created for serious DeFi, but that memecoins were also perfectly valid. For the crypto community, this sounded like a green light.
Without spending heavily on advertising, the broker began speaking the same language as crypto "degens" and started pulling liquidity away from other networks.
Should Solana be concerned? Probably not yet. This remains a local triumph for Robinhood, while the leading retail blockchain remains firmly in first place with daily volume of $1.133 billion and a massive TVL of nearly $5 billion.
Crypto market outlook: $197 million ETF comeback and the battle for Bitcoin's codeThe crypto market appears to have found a bottom. Spot ETFs ended an eight-week streak of $8.26 billion in outflows by recording their first $197 million in net inflows.
The market is now caught between renewed institutional demand, an internal developer split over BIP-110, and anticipation surrounding key inflation data. Bitcoin remains within the $61,000–$66,000 range, responding to a total of $281.8 million in capital inflows across all crypto funds.
US spot Bitcoin ETF performance and price action over the past week, Source: SoSoValueKey checkpoints:
ETFs return to the game. After a severe downturn, Bitcoin funds recorded $197 million in weekly inflows, led by BlackRock's IBIT with a net result of $292 million. Together with Ethereum funds, total net inflows reached $281.8 million, indicating that overt selling pressure may be running out of steam.Bitcoin holds its ground. BTC remains trapped between liquidity clusters at $61,000 and $66,000 and is confidently holding the $64,000 level despite external logistical shocks affecting global trade routes. A breakout above the $65,000 resistance level or a decline below the $61,000 support level will determine the direction of the broader two-month consolidation.The ideological battle over Bitcoin's code: BIP-110. The BIP-110 upgrade proposes sharply restricting transaction sizes on the Bitcoin network to suppress block-filling protocols such as Ordinals and Runes. The upgrade is currently supported by only 23% of nodes and 1% of miners' hash rate. The decisive battle for consensus, along with the risk of a chain split, is expected in August 2026, with 55% support required.Ethereum begins to regain strength. ETH rebounded from a low of $1,750, while the ETH/BTC pair climbed above 0.028 amid record withdrawals from Binance and growing long positions on Bitfinex. A sustained move above $1,820 would open the way for momentum toward $1,850–$1,900.The macroeconomic trigger. The release of the latest Consumer Price Index data will be the week's main catalyst. Inflation below expectations could trigger a powerful upward short squeeze. If the figures come in hotter than expected, bears could regain control and attempt to push the market below $60,000. You Might Also Like
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ethereum completed a golden cross against Bitcoin on its short-term chart, with the market now watching for a potential comeback. The MA 50 rose above the MA 200 after a crossover on the hourly chart.
ETH/BTC Hourly Chart, Image By TradingViewThis follows a recent run of outperformance by Ethereum, which has rallied versus Bitcoin since bottoming at 0.025 on June 6. Fresh ETF inflows and rising on-chain activity, especially through Robinhood's new Layer 2 chain using ETH as its native gas token, have helped Ethereum outperform Bitcoin recently.
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The outperformance can be seen in a golden cross developing on the hourly chart. Ethereum bounced from its June lows after a multi-week decline that started in mid-April. After consolidating for a while, Ethereum had a breakout above 0.027, which corresponds with the daily MA 50. Ethereum has traded below the daily MA 50 since April 23.
Galaxy's Head of Research, Alex Thorn, highlighted Ethereum's price action against Bitcoin in a recent tweet, saying, "Can I say something?"
Is momentum back?Ethereum has been in a downward trend since the start of 2026, having begun the year with a death cross on the ETH/BTC daily chart.
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Galaxy Head of Research Alex Thorn called attention to this signal at the year's start, as reported, which went unnoticed in the market, possibly due to the optimism with which cryptocurrencies began the year.
Now, with several months of underperformance, traders are watching for a price bottom on the ETH/BTC chart. This is significant as most altcoins' outperformance has often coincided with a rising ETH/BTC ratio. This is because traders are willing to take more risk when Ethereum outperforms Bitcoin, and vice versa.
The RSI across various timeframes has rebounded from oversold levels to neutral or positive, but a price reversal cannot be confirmed yet.
Ethereum [ETH] reclaimed the $1,800 level and has held this level for three straight days. At press time, Ethereum was trading around $1,807 after rising slightly by 0.26% on the daily charts.
As the price steadies, high-net-worth investors have seized the opportunity to increase their positions.
Ethereum whales continue to accumulate Even as Ethereum struggles to maintain its trend, whales have continued to purchase at every price level.
According to Lookonchain, a whale withdrew 4.948k ETH worth $9.01 million. Following the recent purchase, the whale’s ETH holdings increased to 49,407 ETH, worth $84.3 million.
Source: Lookonchain Additionally, Onchain Lens reported another whale accumulating ETH. According to the on‑chain monitor, two wallets likely linked to the same entity purchased 6,358 ETH worth $11.59 million. In total, these two whales purchased 11.306k ETH worth $20.59 million.
When whales continue to accumulate and the market signals recovery, it indicates strong confidence in the market. Thus, these whales are betting on continued price recovery and subsequent gains on the price charts.
Is ETH’s market demand on the rise? Incentivized by whales, demand seems to have recovered significantly across all market participants. A look at CryptoQuant’s Exchange Netflow data shows strong market accumulation.
As a result, the Exchange Netflow has remained negative for eight consecutive days, marking the longest negative streak YTD. A sustained period of negative net flow suggests that buyers have gained significant control and effectively displaced sellers.
Source: CryptoQuant As a result of these continued exchange outflows, scarcity has increased significantly, while supply available for immediate sale has declined.
In fact, the altcoin’s Exchange Supply Ratio (ESR) declined to a three-week low of 0.13 as of writing. A drop in ESR indicates that fewer Ethereum tokens are entering exchanges than leaving them.
Source: CryptoQuant Historically, such a setup on exchanges has preceded greater price appreciation for Ethereum.
Can ETH sustain its momentum? Ethereum has struggled to maintain an uptrend, but the market seems to be recovering for all market participants.
As a result, the altcoin’s Relative Strength Index (RSI) has remained above 50 for the past eight days. The RSI’s upward trajectory coincides with a shift in exchange activity, suggesting a demand-driven surge.
Source: TradingView Often, when this indicator holds strongly while market demand is strong, ETH tends to make gains. Therefore, if the accumulation persists, traders could see Ethereum hold $1.8k and target $2,000.
However, the altcoin must close above its short-term Moving Average at $1,778 to keep this bullish structure alive. Failure to do so could lead to another price drop.
Final Summary Ethereum whales continue to accumulate ETH, as two whales added 11.306k ETH worth $20.59 million. ETH continues to hover around $1.8k, as bulls show significant control of the market.
Ethereum has completed a golden cross against Bitcoin on its short-term chart, indicating a shift in momentum as investors monitor the possibility of a sustained recovery. The development comes after the 50-hour moving average crossed above the 200-hour moving average, a chart pattern frequently watched by traders for potential trend reversals.
Ethereum’s recent outperformance and ETF inflowsEthereum began outperforming Bitcoin following a local low at 0.025 on June 6. Its rally has been supported by renewed inflows into cryptocurrency exchange-traded funds and growing on-chain activity. Notably, Robinhood recently launched a new Layer 2 network that utilizes Ethereum as its native gas token, which has contributed to an increase in transactional demand on the Ethereum blockchain.
The price resurgence was further confirmed when Ethereum broke above the 0.027 level, a point that aligns with the 50-day moving average. This breakout followed a prolonged consolidation period after a multi-week decline, which started in mid-April. Since April 23, Ethereum had been trading below its daily 50-day moving average until this latest move, signaling renewed market confidence.
Mini dictionary: Golden cross – A chart pattern where a short-term moving average crosses above a long-term moving average, typically seen as a bullish signal by technical analysts.
Technical signals and market sentimentAlex Thorn, Head of Research at Galaxy, highlighted this price action in a post, drawing attention to the potential implications for the ETH/BTC trading pair. Thorn noted that market sentiment at the start of 2026 was primarily positive, even though Ethereum experienced a death cross—a bearish technical signal—against Bitcoin on the daily chart.
Market optimism at the beginning of the year led many investors to overlook the importance of the death cross on the ETH/BTC pair, even as Ethereum gradually declined relative to Bitcoin.
As the year progressed, Ethereum underperformed compared to Bitcoin until the recent reversal. The market has become increasingly attentive to potential bottoming signals on the ETH/BTC pair, since historical data shows that rallies in altcoins often occur when Ethereum gains strength over Bitcoin.
Current indicators and market outlookThe relative strength index (RSI) on different timeframes has moved from oversold territories to more neutral or positive zones. However, analysts cautioned that no definitive price reversal has been confirmed yet.
Traders often view increases in the ETH/BTC ratio as a sign that risk appetite is returning, since periods of Ethereum strength typically coincide with improved altcoin performance.
Market watchers are closely observing whether the formation of the golden cross on the hourly chart will lead to further upside for Ethereum against Bitcoin. Factors such as ETF inflows and Layer 2 adoption continue to influence sentiment, but technical confirmation remains pending.
IndicatorRecent ValueHistorical ReferenceETH/BTC Price Low0.025 (June 6)Recent multi-week lowBreakout Level0.027Aligned with 50-day MARSINeutral/PositivePreviously oversoldDisclaimer: 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.
AI is a hot topic in the tech world: inevitable superintelligence or just a simple tool? A heated debate launched by Vitalik Buterin, the co-founder of Ethereum. What if the real danger did not lie in AI itself, but in our inability to control it? Let’s enter the war of scenarios for 2040.
In brief Vitalik Buterin questions: is AI an existential threat or just a simple tool? His uncertainty reflects a debate without consensus. Scenarios for 2040: Between Terminator and decentralized utopia, Ethereum proposes blockchain solutions to control AI. Transparency, open source or emergency switches? No perfect answer against AI, but avenues to explore. Vitalik Buterin: A Vague Definition of “Superintelligence” is at the Center of the AI Controversy This is not a technical question but rather a philosophical one opposing supporters of the “AI 2040” scenario (a superintelligence by 2040) to its detractors. Some, like Daniel Kokotajlo (ex-OpenAI), see ASI (Artificial Superintelligence) as an existential threat to be stopped. For others like Yann LeCun (Meta), it is a chimera because current models are just auto-completing machines. Vitalik Buterin plays the disillusioned referee:
If I believed the current AI is a normal technology, I would be on the side of the detractors. If I believed ASI would arrive by 2030, I would be close to the AI 2040 camp. But I don’t know… and that is the problem.
His Plan A? Total transparency and an emergency switch to stop dangerous AI trainings. But even he admits that humanity might be stuck between naive and naive squared… Between those who believe everything will be fine and those who think they can control everything.
2040: The End of the World? Is Ethereum Going to Save the Day? What if 2040 was similar to “Terminator”? Alarmists even see an uncontrollable AI, erasing jobs, manipulating markets, or worse… But in this nightmare, Ethereum and its blockchain could play saviors. How? By making AI accessible to all through transparent smart contracts and DAOs. Indeed, Vitalik Buterin imagines a system where:
AI models would be open source (avoiding domination by a few giants like Google or Meta); Critical decisions would be voted on by the community via decentralized governance mechanisms; “Kill switches” (emergency switches) would be automated and tamper-proof thanks to the blockchain. The only problem is that Ethereum itself cannot guarantee global coordination. If China or the United States refuse to play along, ASI could still emerge in the shadows. Again, decentralization will have its limits.
AI reflects our fears: control or chaos? Vitalik Buterin reminds us that the real debate is not about whether ASI will arrive but about how we will manage its risk. And you, are you ready to trust Ethereum to save humanity?
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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.
Ethereum is currently approaching major resistance levels as technical signals indicate a heightened risk of further downside. The TD Sequential indicator, often used by traders to identify potential trend reversals, has flashed a sell signal as ETH tests the upper boundary of its price channel.
Technical Analysis: Sell Signal and Resistance LevelsAccording to Ali Charts, a crypto market analyst, Ethereum’s latest rally is encountering resistance at the channel top. Past attempts to break through this area have repeatedly failed, leading to subsequent price declines. The TD Sequential signal adds to concerns, suggesting that the current upward move is running out of momentum after a sustained rise.
If Ethereum fails to overcome the resistance and confirms the sell signal, immediate support is seen near $1,770. Market participants view this level as the first area where buyers could attempt to halt further losses. A break below this support would likely shift the focus to $1,700, the next significant target for potential downside in the short term.
So far, the sell signal requires confirmation via a clear rejection from resistance and follow-through in price action. A decisive move above the channel would negate the corrective outlook, signaling that buyers retain control. However, if ETH cannot sustain gains beyond the channel, further losses may be likely.
Ali Charts underscored the risk: “If the upward move fails to hold, ETH could first sweep liquidity above recent highs but may turn lower toward $1,770 and $1,700, eventually even $1,505.”
Short-Term Structure and Key TargetsOn the 12-hour timeframe, Ethereum’s recovery from late June appears strong, but the broader market structure suggests the possibility of one more move lower. Analyst TraderJBx observed that ETH might temporarily move above its recent highs to attract buyers but could eventually reverse back toward support around $1,505, an area marked by so-called “equal lows.”
Short-term charts show a five-wave advance from the recent bottom. This setup typically favors continued gains after a corrective pullback. Under such a scenario, Ethereum could dip back to the $1,700-$1,760 range before resuming its climb above $2,000.
However, the wider trend remains more cautious. The lows recorded on June 6 and June 26 occurred at almost the same price, with surrounding moves forming classic corrective patterns, increasing the probability of an inverted flat correction. If this pattern plays out, ETH could make a brief move above $1,850, attracting late buyers, before rebounding back down.
A sustained rally above $2,000 would help negate the bearish scenario and could support a larger relief rally. Until Ethereum closes decisively above this threshold, analysts remain cautious, viewing the current advance as a potential liquidity move instead of the beginning of a confirmed upward trend.
Mini dictionary: TD Sequential is a technical indicator developed by Tom Demark that aims to identify the exact time of trend exhaustion and potential price reversals by analyzing a series of consecutive closes higher or lower.
Key LevelSignificance$1,770First support, potential buyer defense zone$1,700Next downside target if $1,770 breaks$1,505Equal-lows zone, key bearish target$1,850Liquidity sweep, possible reversal area$2,000Breakout level to confirm uptrendTraderJBx noted that while short-term charts support further upside after a pullback, the broader structure points to a possible reversal if Ethereum fails to make a sustained breakout above key resistance areas.
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.
