Crypto Michael, a cryptocurrency analyst known for his technical chart analysis, has reiterated his optimistic view on XRP, stating that the digital asset is on the verge of a significant price breakout. Revisiting a previously shared chart from July 1, he confirmed that his earlier perspective remains unchanged as XRP’s technical setup continues to build momentum.
Accumulation at Key LevelsOn July 1, Crypto Michael signaled his accumulation of XRP at around $1.06, emphasizing a major support level as a potential launchpad for upward movement. His analysis centered on XRP’s positioning within a large falling wedge pattern, a formation known for preceding strong price moves once a breakout occurs.
The analyst identified several months of compressed action, with XRP recording lower highs while respecting a durable support area. Throughout this period, he maintained a strategy of steady accumulation in anticipation of a bullish shift.
XRP will break out in the coming days. The prophecy will be fulfilled. Doubt me and face liquidation.
Falling Wedge Pattern Nearing a BreakoutCrypto Michael’s chart highlights a falling wedge formation, featuring converging upper and lower trendlines as the price moved closer to the wedge’s apex. This technical structure typically generates attention among traders due to its tendency to precede a decisive move when price reaches its endpoint.
He predicted that a breakout would likely take place in July, maintaining that current market conditions have not invalidated his outlook. Linking back to his original analysis, he stated that he continues to build his position and expects the market structure to resolve soon.
Mini dictionary: Falling wedge — A chart pattern often considered bullish, characterized by converging downward-sloping trendlines, which can signal a potential upward price reversal if the upper boundary is breached.
Upcoming Resistance as Price TargetAccording to Crypto Michael, the first major resistance for XRP lies between $1.90 and $2.10. This area, formerly a support, was lost following the flash crash in early 2025. His projection points to this zone as a significant upside target if a breakout occurs.
A key aspect of his current chart is a projected rally from present price levels up to this resistance band, depicted by a white arrow upward. The use of a rocket symbol beside the target further underscores his conviction that an explosive move could follow any break above the wedge.
LevelStatusNotes$1.06Accumulation zoneIdentified as entry before breakout$1.90–$2.10Resistance zoneOld support, now key targetMonitoring the Breakout SignalThe most crucial signal remains XRP’s interaction with the descending upper trendline of the wedge pattern. A close above this line would confirm the reversal suggested in his earlier analysis.
Crypto Michael’s recent statements indicate strong belief in his strategy, reaffirming that he expects XRP to break through technical resistance in the near future while maintaining his accumulation approach.
His latest updates reinforce the expectation that XRP is on the verge of a substantial move, with attention fixed on the upper boundary of the wedge for signs of confirmation.
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.
@BSCNews put two AI models to work on the same question: where does $XRP finish 2026?
@grok offered the wider range, placing XRP between $1.80 and $4.50, with a base case of $2.50 to $3.50. @claudeai's Claude (internally labelled Fable 5) came in more cautious, calling $1.50 to $1.90 the most defensible corridor and flagging that any move above $2.50 requires multiple catalysts falling into place at once.
The gap between those forecasts and current prices is stark. $XRP is trading around $1.11, down roughly 42% on the year and about 70% below its July 2025 peak of $3.66.
ETF Traction, But Still a Thin Slice of the Market Spot XRP ETFs have built a meaningful footprint since launching in late 2025. As of July 14, 2026, seven XRP spot ETFs are trading in the United States with combined AUM of approximately $1 billion. That figure looks less impressive when set against Bitcoin: the original copy notes XRP ETF assets represent roughly 1.2% of XRP market cap, compared with 6.4% for Bitcoin's spot ETF complex.
According to Bloomberg Intelligence, retail investors account for roughly 84% of cumulative XRP ETF flows so far. Retail demand can support momentum, but it rarely breaks major resistance levels without stronger institutional buying.
Everything Hinges on the CLARITY Act Both AI models leaned on the CLARITY Act as the swing factor. The original copy put Polymarket odds at 38%, and more recent data suggests the market has grown even more skeptical. As of July 13, Polymarket priced the odds of the bill becoming law this year near 24%, down from above 70% earlier in 2026.
The Senate Banking Committee approved the bill 15-9 in May, with two Democrats joining Republicans, but the measure still needs 60 votes on the floor. The 60-vote Senate threshold and Democratic vote math remain the hardest obstacles.
The key factor remains whether the CLARITY Act clears the full Senate. If it passes, institutional investors would finally have both the regulatory clarity and the ETF infrastructure needed to scale, potentially pushing XRP above $1.50 and toward the $3 to $5 range that some analysts expect by year-end.
With Polymarket odds sliding and the Senate clock ticking ahead of the August recess, the catalysts both AIs flagged as necessary for a breakout are looking harder to stack by the week.
Sources:
Yahoo Finance: XRP ETF Inflows Just Hit a 2026 High
Yellow.com: Polymarket Now Sees Only a 24% Chance the CLARITY Act Becomes Law
XRP Insights: Live XRP ETF AUM and Flow Tracker
Japan is taking steps to establish itself as a global hub for institutional XRP finance with a new partnership between Doppler Finance and SBI Digital Finance, announced on July 13, 2026. This collaboration is designed to boost institutional liquidity, lending, collateral management, and tokenized capital markets, all built around the digital asset XRP.
Strategic move for institutional XRP adoptionDoppler Finance is known for providing infrastructure to power tokenized capital markets. The company specializes in solutions that help institutions use digital assets more productively. SBI Digital Finance operates HashHub Lending, one of the main crypto asset lending services in Japan. The firm is part of SBI Group, Japan’s leading financial conglomerate heavily involved in cryptocurrency services.
SBI Group co-founded SBI Ripple Asia with Ripple in 2016. This joint venture has played a major role in building out an extensive ecosystem for XRP-focused financial products and services in Japan. The latest partnership with Doppler Finance further expands this foundation, targeting direct institutional use cases.
Mini dictionary: SBI Group, a major Japanese financial services company, has played a significant role in promoting digital asset adoption in Japan through ventures in banking, asset management, securities, and cryptocurrency.
Focus on compliance and expanded infrastructureThe partnership aims to create institutional solutions centered on XRP and tokenized assets for the Japanese market. Regulatory compliance will be a core part of this approach, ensuring that new digital assets infrastructure meets the country’s strict standards.
As part of the announcement, Rox, Head of Institutions at Doppler Finance, stated that Doppler was “built to transform digital assets from passive holdings into productive financial capital.” He also highlighted that collaborating with SBI Digital Finance gives Doppler access to one of the world’s most prominent institutional digital asset markets.
Doppler Finance’s leadership emphasized that working with SBI Digital Finance provides an opportunity to unlock new levels of capital efficiency for institutional clients by leveraging Japan’s advanced regulatory environment and robust market demand.
Japan’s growing role in digital assetsJapan is recognized for having some of the world’s clearest and most established digital asset regulations. The country hosts one of the largest XRP communities worldwide and has increasingly advanced digital asset adoption across its financial system.
Institutional participation in Japanese crypto markets is well developed, and the new partnership is set to offer improved infrastructure for compliant, capital-efficient XRP solutions tailored to institutional needs.
Implications for the future of XRP in institutional financeXRP, created by Ripple as a fast, low-cost settlement asset, is now positioned to serve much broader institutional functions. The deal between Doppler Finance and SBI Digital Finance will make lending, collateral management, and capital efficiency tools available for institutions looking to integrate XRP on their balance sheets.
Over recent years, SBI Group has consistently strengthened its involvement with XRP, extending from cross-border payments through SBI Ripple Asia to exchange services provided by SBI VC Trade. The latest move into institutional lending infrastructure with Doppler Finance marks a significant continuation of this trend.
Institutional demand for digital assets is shifting toward platforms and infrastructure that enable active capital deployment rather than simple custody. While Japan is the launch market, the infrastructure developed here could eventually serve as a model for institutional XRP finance globally.
InstitutionArea of FocusRole in XRP EcosystemSBI GroupBanking, crypto servicesCo-founded SBI Ripple Asia, exchange, lendingDoppler FinanceTokenized capital marketsInfrastructure and lending solutionsDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A viral screenshot has sparked rumors suggesting that the Depository Trust & Clearing Corporation (DTCC) has classified or listed the cryptocurrency XRP on its official platform. DTCC, a New York-based post-trade financial services company, is one of the largest clearing and settlement institutions in global markets.
Screenshot origins and viral claimsThe speculation began after users circulated a screenshot from the DTCC Learning Center website. This image showed a search result titled “XRP Haircut and Classification,” which described XRP as a cryptocurrency and referenced hypothetical margin adjustments depending on trading conditions.
Despite the convincing appearance of the result, XRPL validator and researcher Vet clarified that the viral claim relies solely on an AI-generated search response rather than any official DTCC listing or documentation. Vet explained that the actual DTCC source cited in the screenshot makes no mention of XRP.
Vet emphasized that the DTCC site does not reference XRP in the cited materials. The AI-driven tool serving the search results attempts to map answers based on the popularity and relevance of searched keywords.
How Coveo AI search fueled confusionAccording to Vet, the confusion arises from the behavior of the Coveo-powered enterprise search software integrated into the DTCC website. When users search for specific terms like XRP repeatedly, the AI is programmed to generate contextual answers even when no official material exists on the subject.
Vet noted that a surge in XRP-related searches by the online community in recent weeks led the AI to automatically curate an answer to address the apparent demand. This mechanism can produce search result snippets that appear official, despite being AI-generated and not based on DTCC documentation.
Mini dictionary: Coveo is an AI-powered enterprise search platform that delivers intelligent, context-aware search results for corporate websites, aiming to enhance user experience by aggregating information from multiple sources.
Screenshots shared within the XRP community display elements labeled “Coveo Generated Answer,” confirming the software’s role in generating such AI-based content.
Corporate context and recent DTCC developmentsThe situation unfolded shortly after DTCC announced it had completed live production trades using tokenized securities this week. This development attracted attention within the broader digital asset industry, as tokenized securities can allow traditional financial assets to be issued and transferred on blockchain infrastructure.
DTCC’s pilot included participation from over 30 companies, spanning major financial institutions and technology providers, such as BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, Chainlink, Circle, Microsoft, and the New York Stock Exchange. However, Ripple, the company closely associated with XRP and distributed ledger payments technology, was not among the listed participants.
Although the AI feature fueled hopes for an official DTCC listing, no documentation or participant list currently supports XRP’s inclusion or classification on the DTCC platform.
FeatureOfficial DTCC DocumentationAI-Generated Search AnswerXRP MentionedNoYesSource VerificationDocumentedAI-generated, not officialCredibilityHighUnverifiedUser ImpactLowHigh confusionIndustry observers have advised caution, stressing the importance of distinguishing between results generated by AI-powered search tools and official corporate announcements or listings.
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.
Llamalend v2 is now live on Ethereum, following its first production rollout on Optimism.
The upgrade brings Curve’s liquidity and lending layers much closer together. A Curve pool can support secondary trading, oracle pricing and the routes needed to manage liquidations, while Llamalend adds borrowing and lending around that same onchain liquidity. The DEX pool and lending market can be built as parts of one market rather than two disconnected tracks.
V2 also expands Curve lending beyond markets that require crvUSD on one side. It supports a wider range of borrowed assets and collateral types, including supported Curve LP tokens, allowing liquidity positions to be used as collateral. Every market remains isolated with its own oracle, parameters and caps.
From Optimism to EthereumLlamalend v2 first went live on Optimism in June. OP incentives helped the initial markets attract supply and borrowing quickly, while giving the contracts, frontend, oracles and reward infrastructure their first production test.
The initial markets have operated normally to date. That rollout also gave the team time to work through the additional oracle validation and infrastructure changes required before deploying on Ethereum.
Ethereum is the next planned phase. Initial markets will begin with zero borrow caps, and borrowing will open market by market after the Curve DAO approves the initial borrow caps. V2 also supports the gradual migration of selected v1 lending and crvUSD mint markets to newer infrastructure and expanded controls.
Lending Built Around LiquidityLiquidity is not only what makes trading possible. It is also what makes a lending market viable. A market needs dependable pricing and enough depth to manage collateral when prices move.
Where appropriate, a Curve pool can provide EMA-based oracle input and a liquid secondary venue for the collateral asset. Each Llamalend market also contains its own LLAMMA, which gradually converts between the collateral and borrowed asset across a price range. This creates tradeable liquidity that arbitrageurs and aggregators can access.
For asset issuers, the same Curve liquidity can therefore support secondary trading, oracle pricing and a lending market around the asset. This can reduce the need to build and subsidize separate infrastructure for each function.
It does not remove the need for real market depth, lender supply or borrowing demand. Those remain requirements for a healthy lending market.
Flexible Markets, Isolated ExposureLlamalend v1 required crvUSD on one side of every lending market. V2 removes that restriction. Supported assets can now sit on either side, subject to suitable liquidity, oracle design and market parameters.
Every market remains one-way and isolated. It has one collateral asset, one borrowed asset, and its own lender vault, interest-rate model, oracle, caps and risk settings.
This gives lenders more precise exposure. They choose which asset they are supplying and exactly which collateral backs the borrowing in that market. Credit and collateral risk are contained within that market rather than shared across an unrelated group of assets.
V2 also supports productive collateral and high-LTV configurations. Supported Curve LP tokens can secure a loan while the underlying pool position continues accruing trading fees. This lets users borrow against liquidity they are already providing instead of leaving positions in only one role.
With this update, Llamalend becomes an ideal venue for yield farmers who want to use LP, yield-bearing, or principal tokens as collateral to amplify their earnings.
What Range-Based Liquidation Actually MeansLLAMMA remains a defining part of Llamalend, but it should be understood as a risk-management mechanism, not a guarantee against liquidation.
Instead of waiting for one fixed liquidation price, a loan’s collateral is placed across a range of price bands. When the market enters that range, portions of the collateral are gradually converted into the borrowed asset. If the price recovers, part of that conversion may reverse.
This can avoid an immediate, all-at-once liquidation, but losses can accumulate inside the range and the loan can still be hard-liquidated if its health reaches zero. Borrowers should treat entry into the range as a warning, not something to ignore. And where available in v2 markets, the new “position reset” feature allows you to use current converted collateral to move positions out of the range.
For more detail, see Curve’s guides to liquidations and custom bands.
The Ethereum RolloutThe initial Ethereum markets will be announced alongside deployment and the corresponding governance proposals.
Each market will launch with its borrow cap set to zero. Users will be able to supply assets, but borrowing will only open once the Curve DAO approves the initial caps. Curve governance proposals take approximately seven days from creation to execution.
Base lending interest depends on utilization, so suppliers should not expect interest from borrowers until the caps are enabled. Any separate incentives will be displayed in the Curve interface.
Borrow caps can then be raised progressively by governance as liquidity, demand and market behaviour become clearer. The objective is not to activate every possible asset pair immediately, but to grow markets where the pricing, liquidity and demand are strong enough to support them.
Llamalend v2 is now deployed on Ethereum. Borrowing opens market by market as the first governance proposals pass.
[Explore the markets] · [Follow the governance votes]
CASHCAT, a memecoin that has experienced sharp price increases in recent days, has been the subject of insider trading allegations.
Cashcat, a memecoin that has been one of the most talked-about altcoins in recent days and has seen a sharp rise since the launch of Robinhood Chain, is now facing allegations of “insider trading.”
The allegations center around an anonymous address that purchased 16.3 million CASHCAT for 1.6 ETH shortly after the token’s launch.
According to Lookonchain, a cryptocurrency analysis platform, an address starting with “0xae0F” initially acquired 16.3 million CASHCAT by spending 1.6 Ethereum (worth $3,000) when it was first launched. Following the massive price surge, it sold all 16.3 million CASHCAT for 1.527 ETH ($2.855 million), making a profit of $2.85 million.
This means CASHCAT has achieved a 952x return.
At this point, the fact that this investor bought CASHCAT at what could be called a bottom and sold their holdings at what could be considered a top led to the emergence of “insider” allegations for memecoin.
However, there is no official confirmation so far that the investor used insider information.
CASHCAT, which recently rose above $0.22, has fallen to around $0.11 following the latest sell-off. With a drop of over 35% in just the last 24 hours, CASHCAT is currently trading at $0.128.
*This is not investment advice.
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Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
4 hours ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
4 hours ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
4 hours ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
4 hours ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
4 hours ago
A certain address profited 23.75 million USDC via the Ostium exploit, then exchanged the funds for 12,085 ETH.
According to EmberCN’s monitoring, an hour and a half ago, the DeBank address under the username musti_akrep exploited a vulnerability on Perp DEX Ostium to gain 23.75 million USDC, transferred the funds to the Arbitrum blockchain, and immediately converted the USDC into 12,085 ETH at a purchase price of $1,965.
Coinbase’s CEO, Brian Armstrong, recently stated that the exchange is the premier choice for family offices and ultra-high-net-worth individuals (UHNW) in the European Union seeking crypto exposure. This announcement highlights Coinbase’s commitment to providing secure, regulated services tailored to institutional investors within the EU. The exchange’s recent acquisition of a MiCA license under the Markets in Crypto-Assets framework allows it to offer compliant crypto and custody services across all 27 EU member states. This regulatory milestone positions Coinbase as a key player for EU wealth entities, distinguishing it from other platforms that lack such compliance.
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Markets appear to interpret Armstrong’s statement as potentially increasing demand for cryptocurrencies like Ethereum among institutional investors. The news comes amid various market activities that suggest a complex outlook for Ethereum’s future price movements. While some sub-markets remain supportive of significant price increases, indicating potential optimism, the overall market remains cautious with mixed indicators.
Key Takeaways Coinbase’s positioning under the MiCA framework suggests its growing role as a regulated gateway for EU family offices and UHNW individuals seeking crypto exposure. Market pricing suggests that this development could influence institutional demand for Ethereum, consistent with scenarios where demand increases. Despite this positive outlook for institutional interest, Ethereum’s market probabilities for reaching high price targets by the end of 2026 remain relatively low. What to Watch Key developments to monitor include any further strategic announcements from Coinbase that could enhance its appeal to institutional investors. Additionally, watch for changes in Ethereum-related regulations or major investment flows from institutional entities like BlackRock or Fidelity. Such events could further shift market sentiment and influence Ethereum’s price trajectory. The unfolding regulatory environment in the EU and updates from significant stakeholders like Vitalik Buterin and the Ethereum Foundation may also impact market dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.8% — — View market → December 31, 2026 2.4% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 3.6% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 3.1% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 48.2% — — View market → January 1 2027 7.5% — — View market → January 1 2027 3% — — View market → January 1 2027 30% — — View market → January 1 2027 26.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 90% — — View market →
The team behind the Ethereum Foundation’s Institutional Privacy Task Force has formed an independent company called EthSystems. This new venture focuses on developing confidential systems that enable banks, asset managers, and other large organizations to conduct real financial activities on Ethereum’s public network while maintaining necessary privacy protections.
The transition allows the group to operate with a commercial structure better suited for delivering tailored solutions to enterprises.
Institutions increasingly see value in Ethereum for applications such as stablecoins, tokenized assets, and efficient settlement.
However, the transparent nature of public blockchains often conflicts with requirements to keep sensitive details—such as positions, counterparties, and transaction flows—confidential.
EthSystems aims to bridge this gap through modular privacy technologies that support selective disclosure aligned with regulatory and compliance standards.
Led by experienced professionals including Mo Jalil, Oskar Thorén, and Aaryamann Challani, the company draws on nearly a decade of expertise in protocol design, privacy infrastructure, and traditional finance.
The team previously advanced this work inside the foundation, engaging directly with major global institutions and shipping practical open-source prototypes.
These efforts include private bond constructions using zero-knowledge proofs, privacy-focused layer-2 approaches, explorations of fully homomorphic encryption, compliance-oriented shielded pools for stablecoin transfers, private cross-chain atomic swaps, and resilient systems for identity and civic participation.
A comprehensive Ethereum Privacy Map further documents use cases, architectural patterns, regulatory considerations across jurisdictions, and available tools, serving as a valuable resource for the ecosystem. All technical contributions remain open source, with ongoing public goods work planned alongside commercial activities.
EthSystems adopts a for-profit model to act as a credible commercial partner capable of handling bespoke engagements.
Services range from workshops that refine institutional requirements into actionable specifications, to proof-of-concept development, architecture reviews, and full production deployments integrated with existing systems.
This structure facilitates the deep technical execution needed for high-stakes financial infrastructure, while the company remains aligned with Ethereum’s long-term vision and continues collaborating with the foundation and related spin-outs like EthLabs and Ethereum Institutional.
Backers include long-term Ethereum supporters, reflecting confidence in the team’s ability to navigate the complex intersection of public ledgers, privacy, and institutional demands.
The founders emphasize a pluralistic approach that balances cypherpunk principles with practical enterprise needs, ensuring systems prioritize properties such as censorship resistance, openness, privacy, and security.
As global financial infrastructure evolves, EthSystems positions itself to accelerate Ethereum’s role beyond asset speculation into core commercial rails.
By focusing on rigorous protocol design and real-world usability, the company contributes to a future where institutions can confidently build on public, immutable ledgers without compromising sensitive operations. This development underscores Ethereum’s maturation as a versatile platform capable of serving diverse participants through specialized, collaborative innovation.
English繁體中文日本語한국어ไทยPortuguêsItalianoDeutschFrançaisEspañol Ethereum gained 8.23% over the past week to trade at $1,874.61 as of July 15, while the largest corporate ETH holder, Bitmine Immersion Technologies, disclosed that its holdings have reached 5.77 million tokens, according to a July 13 press release. The company’s total crypto and cash holdings now stand at $11.3 billion.
$45.7M in Staking Revenue Drives Bitmine’s Pivot Bitmine reported $45.7 million in Ethereum staking and validation revenue for the three months ended May 31, 2026, representing 98% of total revenue for the quarter, according to its latest 10-Q filing.
The figure marks a dramatic shift from a year earlier, when the company generated just $2 million in total quarterly revenue, primarily from machine leasing. Bitmine has staked approximately 4.9 million ETH, or 85% of its holdings, through its institutional staking platform MAVAN, launched in March 2026.
“Bitmine has staked more ETH than other entities in the world,” Tom Lee, Chairman of Bitmine, said in the company’s July 13 press release. Lee added that at full deployment, projected annualized staking rewards would reach $284 million.
Institutional Tailwinds Meet Stubborn Technical Resistance The weekly price gain coincided with $84.4 million in net inflows into U.S. spot Ethereum ETFs, reversing a prior outflow trend. Bitmine’s accumulation adds to a broader pattern of institutional positioning. The company now holds 4.8% of the total ETH supply and was added to the Russell 1000 large-cap index on June 26.
Its holdings represent the largest public Ethereum treasury, ranking second globally behind Strategy’s Bitcoin reserves. Bitmine’s staking yield of 2.70% annualized generates revenue that its Bitcoin self-mining operations ($624,000) and consulting ($168,000) cannot match.
Price Gains Lack Broad Technical Confirmation Despite the weekly rally, ETH remains below all major weekly moving averages. The MA-20 sits at $2,009.48, the MA-50 at $2,868.76, and the MA-200 at $2,475.43, according to Traders Union analysis. The weekly RSI, CCI, and MACD all indicate bearish momentum, while the Stochastic RSI tilts toward overbought territory.
Bear Power confirms seller dominance, and the Awesome Oscillator shows no bullish reversal signal. That technical picture suggests the 8.23% gain could face exhaustion rather than continuation, even as institutional flows remain positive.
Bitmine’s accumulation model mirrors what Strategy has done for Bitcoin, but with a staking income component that Bitcoin lacks. At current prices, Bitmine’s 5.77 million ETH is worth approximately $10.8 billion.
The company acquired 27,801 ETH in the most recent reporting week alone, maintaining the pace set under its “Alchemy of 5%” initiative, which targets ownership of 5% of all ETH by the end of 2026. Bitmine is currently at 4.8% of the total supply.
The Ethereum Foundation separately reorganized its privacy task force into EthSystems, a for-profit entity designed to deliver privacy and compliance solutions for institutional users, adding another layer to the ecosystem’s enterprise push.
Analysts expect ETH to trade in a range of $1,790 to $1,960 over the next seven days, with less than a 20% probability of sustained upside. A decisive break above $1,960 would challenge the bearish technical consensus. Bitmine’s next weekly holdings disclosure, due around July 20, will show whether the company continued accumulating through the rally or paused near resistance levels.
The cryptocurrency ETF complex is absorbing capital with a consistency that market veterans rarely see outside of commodity bull cycles. On July 14, spot Bitcoin ETFs hoovered up $181 million in net inflows, and in a rare clean sweep, all ten spot Ethereum ETFs ended the session in positive territory—no outflows anywhere. The combined haul of roughly $239 million, based on the original report citing SoSoValue data, is not just another data point. It’s a signal that institutional positioning in digital assets is broadening beyond a single-asset bet.
That absence of outflows on the Ethereum side matters. Since their launch, spot ETH products have endured mixed flows, partly because the Ethereum narrative is harder to distill into a one-line pitch. But a day with zero redemptions across the entire suite suggests sentiment is firming. Traders who rebalanced out of Bitcoin into Ethereum in recent weeks may now be holding, rather than rotating quickly. And the Bitcoin number, while not unprecedented, reinforces a pattern: every dip is being bought by someone with a longer time horizon.
The flow data arrives in a month where traditional finance’s engagement with crypto is becoming harder to dismiss as cyclical noise. Just days ago, Bullish bought Equiniti for $4.2 billion and Ondo settled the first live tokenized Treasury trade with JPMorgan, while on-chain real-world assets crossed $20 billion. ETF inflows are part of the same structural shift: institutions want exposure, and they are routing demand through regulated wrappers because it reduces compliance friction.
Why Zero Outflows on Ethereum ETFs Is a Tightening Signal Days with no Ethereum ETF outflows are unusual. They hint at a market where sellers are either exhausted or unwilling to part with positions at current prices. That is not necessarily a bullish price call; it is a liquidity signal. When supply thins, even modest incremental demand can move price more violently. Ethereum’s recent developer activity also provides a fundamental floor. According to BlockchainReporter’s analysis, Ethereum, BNB Chain, and Polygon still lead blockchain developer activity, which means the ecosystem’s brain trust is not leaving.
What Makes These Flows Different Now Earlier ETF inflow waves were often tied to momentum trading. The current wave feels stickier. Advisors are placing crypto in model portfolios; pension consultants are no longer rejecting it outright in every RFP. The July 14 data shows no single fund dominated the Bitcoin inflows disproportionately, which suggests distribution across multiple products. That is more consistent with broad platform inflows than with a handful of large traders placing tactical bets.
Regulation is still the wild card. The crypto bill that passed the House is now facing a make-or-break moment in the Senate, with banks pushing hard to alter key provisions four days before the vote. If the framework collapses, ETF issuers will face continued ambiguity around custody and capital treatment. That uncertainty is the main counterweight to the flow picture.
What We Don’t Know Yet Flow numbers are backward-looking. They tell you what happened, not what will happen. A single day of zero outflows on Ethereum ETFs does not mean the product line is permanently stable. Macro liquidity, yen carry trade risks, and the Treasury’s quarterly refunding announcement could all override crypto-specific sentiment within hours. Still, the market is pricing in something durable. When Bitcoin ETF inflows hold above $150 million on a nonevent day and Ethereum ETFs print no redemptions, the default assumption among professional traders shifts from u201cthis is a beta play on risk appetiteu201d to u201cthere is actual separate demand for these assets.u201d
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
$45.8 Billion In Market Losses Wiped Out Every Dollar Of New MoneyBlackRock attracted $15.1 billion in fresh crypto capital over 12 months, but $45.8 billion in market depreciation overwhelmed every dollar of those inflows, shrinking the business from $79.6 billion to $48.8 billion.
The second quarter made things worse.
What Does BlackRock’s Broader Business Look Like?Crypto was the one weak spot in an otherwise record quarter.
BlackRock posted $15.3 trillion in total assets under management after attracting $192 billion in net inflows, beating Wall Street expectations with adjusted earnings per share of $13.91 on $7.08 billion in revenue.
Crypto currently generates $40 million in base fees and securities lending, less than 1% of total fee revenue.
BlackRock is targeting $500 million in annual crypto revenue by 2030, a more than tenfold increase from today.
What Is BlackRock’s Long-Term Crypto Bet?Chief Financial Officer Martin Small pointed to 5 billion crypto wallets as a new distribution channel for traditional investment products.
“We want to build a digital wallet native asset manager,” Small said on the earnings call.
Where Does BLK Stand Technically?BLK trades at $1,094.68, sitting 7.9% above its 20-day SMA at $1,012.78 and 3.1% above its 200-day SMA at $1,059.81.
MACD sits above its signal line with a positive histogram, pointing to improving momentum after the earnings pop.
Key levels for BLK $1,107.50 — resistance just above current price where the rally may stall $1,030.00 — support near the 50-day SMA, first line of defense on any pullback Image: Shutterstock
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English繁體中文日本語한국어ไทยPortuguêsItalianoDeutschFrançaisEspañol Ethereum subió un 8,23% durante la última semana y se negoció a $1.874,61 al 15 de julio, mientras que el mayor tenedor corporativo de ETH, Bitmine Immersion Technologies, reveló que sus tenencias alcanzaron los 5,77 millones de tokens, según un comunicado de prensa del 13 de julio. El total de las tenencias en criptomonedas y efectivo de la compañía asciende ahora a $11.300 millones.
$45,7M en ingresos por staking impulsan el giro de Bitmine Bitmine reportó $45,7 millones en ingresos por staking y validación de Ethereum durante los tres meses finalizados el 31 de mayo de 2026, lo que representa el 98% de los ingresos totales del trimestre, según su más reciente informe 10-Q.
La cifra marca un cambio drástico respecto a un año antes, cuando la compañía generó apenas $2 millones en ingresos totales trimestrales, principalmente por arrendamiento de equipos. Bitmine ha puesto en staking aproximadamente 4,9 millones de ETH, o el 85% de sus tenencias, a través de su plataforma institucional de staking MAVAN, lanzada en marzo de 2026.
«Bitmine ha puesto en staking más ETH que cualquier otra entidad en el mundo», declaró Tom Lee, presidente de Bitmine, en el comunicado de prensa del 13 de julio de la compañía. Lee agregó que, en despliegue total, las recompensas de staking anualizadas proyectadas alcanzarían los $284 millones.
Vientos favorables institucionales chocan con una resistencia técnica persistente La ganancia semanal de precio coincidió con $84,4 millones en entradas netas hacia los ETF spot de Ethereum en EE.UU., revirtiendo una tendencia previa de salidas. La acumulación de Bitmine se suma a un patrón más amplio de posicionamiento institucional. La compañía posee ahora el 4,8% de la oferta total de ETH y fue incorporada al índice de gran capitalización Russell 1000 el 26 de junio.
Sus tenencias representan la mayor tesorería pública de Ethereum, ocupando el segundo lugar a nivel mundial detrás de las reservas de Bitcoin de Strategy. El rendimiento por staking de Bitmine, del 2,70% anualizado, genera ingresos que sus operaciones de autominería de Bitcoin ($624.000) y consultoría ($168.000) no pueden igualar.
Las ganancias de precio carecen de confirmación técnica amplia A pesar del repunte semanal, ETH permanece por debajo de todas las principales medias móviles semanales. La MA-20 se ubica en $2.009,48, la MA-50 en $2.868,76 y la MA-200 en $2.475,43, según el análisis de Traders Union. El RSI, el CCI y el MACD semanales indican todos un impulso bajista, mientras que el Stochastic RSI se inclina hacia territorio de sobrecompra.
El Bear Power confirma el dominio de los vendedores, y el Awesome Oscillator no muestra señal alguna de reversión alcista. Ese panorama técnico sugiere que la ganancia del 8,23% podría agotarse en lugar de continuar, incluso mientras los flujos institucionales se mantienen positivos.
El modelo de acumulación de Bitmine refleja lo que Strategy ha hecho con Bitcoin, pero con un componente de ingresos por staking que Bitcoin no posee. A los precios actuales, los 5,77 millones de ETH de Bitmine tienen un valor aproximado de $10.800 millones.
La compañía adquirió 27.801 ETH solo en la semana de reporte más reciente, manteniendo el ritmo establecido bajo su iniciativa «Alchemy of 5%», que apunta a poseer el 5% de todo el ETH para finales de 2026. Bitmine se encuentra actualmente en el 4,8% de la oferta total.
La Ethereum Foundation reorganizó por separado su grupo de trabajo de privacidad en EthSystems, una entidad con fines de lucro diseñada para ofrecer soluciones de privacidad y cumplimiento normativo para usuarios institucionales, sumando otra capa al impulso empresarial del ecosistema.
Los analistas esperan que ETH cotice en un rango de $1.790 a $1.960 durante los próximos siete días, con una probabilidad inferior al 20% de un alza sostenida. Una ruptura decisiva por encima de $1.960 desafiaría el consenso técnico bajista. La próxima divulgación semanal de tenencias de Bitmine, prevista para alrededor del 20 de julio, mostrará si la compañía continuó acumulando durante el repunte o hizo una pausa cerca de los niveles de resistencia.
English繁體中文日本語한국어ไทยPortuguêsItalianoDeutschFrançaisEspañol Ethereum ha guadagnato l’8,23% nell’ultima settimana, attestandosi a 1.874,61 dollari al 15 luglio, mentre il maggiore detentore corporate di ETH, Bitmine Immersion Technologies, ha dichiarato che le sue riserve hanno raggiunto 5,77 milioni di token, secondo un comunicato stampa del 13 luglio. Le riserve totali in criptovalute e liquidità dell’azienda si attestano ora a 11,3 miliardi di dollari.
45,7 milioni di dollari di ricavi da staking guidano la svolta di Bitmine Bitmine ha riportato 45,7 milioni di dollari di ricavi da staking e validazione di Ethereum per i tre mesi terminati il 31 maggio 2026, pari al 98% dei ricavi totali del trimestre, secondo il suo ultimo modulo 10-Q.
Il dato segna un cambiamento drastico rispetto a un anno prima, quando l’azienda aveva generato appena 2 milioni di dollari di ricavi trimestrali totali, principalmente dal leasing di macchinari. Bitmine ha messo in staking circa 4,9 milioni di ETH, ovvero l’85% delle sue riserve, tramite la sua piattaforma di staking istituzionale MAVAN, lanciata nel marzo 2026.
“Bitmine ha messo in staking più ETH di qualsiasi altra entità al mondo”, ha dichiarato Tom Lee, presidente di Bitmine, nel comunicato stampa dell’azienda del 13 luglio. Lee ha aggiunto che, a piena implementazione, le ricompense annualizzate previste da staking raggiungerebbero i 284 milioni di dollari.
I venti favorevoli istituzionali incontrano una resistenza tecnica ostinata Il guadagno settimanale dei prezzi ha coinciso con 84,4 milioni di dollari di afflussi netti negli ETF spot su Ethereum statunitensi, invertendo un precedente trend di deflussi. L’accumulo di Bitmine si aggiunge a un più ampio schema di posizionamento istituzionale. L’azienda detiene ora il 4,8% dell’offerta totale di ETH ed è stata inclusa nell’indice large-cap Russell 1000 il 26 giugno.
Le sue riserve rappresentano la più grande tesoreria pubblica in Ethereum, classificandosi al secondo posto a livello globale dietro le riserve di Bitcoin di Strategy. Il rendimento da staking di Bitmine, pari al 2,70% annualizzato, genera ricavi che le sue operazioni di self-mining su Bitcoin (624.000 dollari) e di consulenza (168.000 dollari) non possono eguagliare.
I guadagni di prezzo non trovano ampia conferma tecnica Nonostante il rally settimanale, ETH resta al di sotto di tutte le principali medie mobili settimanali. La MA-20 si trova a 2.009,48 dollari, la MA-50 a 2.868,76 dollari e la MA-200 a 2.475,43 dollari, secondo l’analisi di Traders Union. L’RSI, il CCI e il MACD settimanali indicano tutti un momentum ribassista, mentre lo Stochastic RSI si inclina verso il territorio di ipercomprato.
Il Bear Power confirma il predominio dei venditori, e l’Awesome Oscillator non mostra alcun segnale di inversione rialzista. Questo quadro tecnico suggerisce che il guadagno dell’8,23% potrebbe esaurirsi piuttosto che proseguire, anche se i flussi istituzionali restano positivi.
Il modello di accumulo di Bitmine riflette quanto fatto da Strategy per Bitcoin, ma con una componente di reddito da staking che Bitcoin non possiede. Ai prezzi attuali, i 5,77 milioni di ETH di Bitmine valgono circa 10,8 miliardi di dollari.
L’azienda ha acquisito 27.801 ETH solo nell’ultima settimana di rendicontazione, mantenendo il ritmo fissato dalla sua iniziativa “Alchemy of 5%”, che punta al possesso del 5% di tutto l’ETH entro la fine del 2026. Bitmine si trova attualmente al 4,8% dell’offerta totale.
L’Ethereum Foundation ha inoltre riorganizzato la propria task force sulla privacy in EthSystems, un’entità a scopo di lucro pensata per fornire soluzioni di privacy e conformità agli utenti istituzionali, aggiungendo un ulteriore livello alla spinta enterprise dell’ecosistema.
Gli analisti si aspettano che ETH tratti in un range compreso tra 1.790 e 1.960 dollari nei prossimi sette giorni, con una probabilità inferiore al 20% di un rialzo sostenuto. Una rottura decisiva sopra 1.960 dollari metterebbe in discussione il consenso tecnico ribassista. La prossima comunicazione settimanale delle riserve di Bitmine, prevista attorno al 20 luglio, mostrerà se l’azienda ha continuato ad accumulare durante il rally o si è fermata in prossimità dei livelli di resistenza.
Ethereum is preparing what many developers call its biggest upgrade since The Merge, the 2022 change that moved the network from proof-of-work to proof-of-stake consensus mechanism.
For context, The Merge was Ethereum's September 2022 switch from crypto mining (proof-of-work) to a system called proof-of-stake, where users lock up ETH to secure the network instead of running power-hungry computers. It cut Ethereum's energy use by more than 99% overnight, one of the largest efficiency gains in the history of computing.
The latest upgrade called Glamsterdam will be activated in the second half of 2026 and aims to make the blockchain itself faster and cheaper. The name blends "Gloas," the consensus-layer component, with "Amsterdam," the execution-layer component, following Ethereum's tradition of pairing a star name with a past Devconnect host city.
What is actually changingGlamsterdam makes two changes to how Ethereum handles transactions.
It changes who controls the order. Every few seconds, Ethereum bundles transactions into a "block." Right now, a small group of specialist firms decides what goes into each block and in what order, and they route those blocks to the network through middlemen. That hands a few players the power to reorder transactions in ways that cost ordinary users money.
Glamsterdam builds a fairer process into Ethereum's own rules: whoever approves a block can no longer see or rearrange what's inside it, and the contents stay hidden until the block is final. Fewer middlemen, less room to game the order. This proposal is called enshrined proposer-builder separation, or ePBS (EIP-7732).
How Glamsterdam changes transaction ordering and processing. Graphic: TheStreet / Roundtable.
And it lets Ethereum do more at once. Today the network mostly processes transactions one after another. The upgrade lets it spot transactions that don't affect each other and handle them at the same time —think of it like opening extra checkout lanes instead of forcing everyone through one. More lanes means more transactions per block without pushing fees up. This change is known as Block-Level Access Lists (EIP-7928).
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Why this matters for DeFiFor anyone who trades on Ethereum, the ePBS change is the one to watch, because it targets a hidden cost baked into how the network runs today.
"Ethereum's Glamsterdam, viewed by many as Ethereum's most significant upgrade since The Merge, reworks how blocks are built so transactions can run in parallel, raising capacity without sending fees up," said Holly Atkinson, Chief Product and Technology Officer at 1inch, a decentralized trading platform.
The problem ePBS is built to fix sits in plain sight. As Atkinson explains it:
"Most validators don't build their own blocks. They outsource it to a handful of specialized builders through off-protocol, closed-source middleware (relays/MEV-Boost). Those builders see pending transactions and order them to extract value. For an ordinary user this shows up concretely as MEV on token trades, censorship/inclusion risk, and concentration risk."
MEV, short for maximal extractable value, is essentially how insiders skim value from ordinary trades, and it usually reaches users as a worse price when they trade on a decentralized exchange or run a token swap. ePBS, Atkinson said, "shifts control away from a small group of off-chain builders back to the protocol that actually custodies your ETH and tokens," and 1inch "already protects users from MEV impact by default." She called the upgrade "a credible step toward scaling L1 itself, not just via rollups, that reduces reliance on centralized block builders."
1inch is a decentralized trading platform that aggregates liquidity across more than a dozen blockchain networks, helping users find the best price for a swap while keeping custody of their own funds throughout the trade.
An upgrade a frustrated community has been demandingGlamsterdam arrives at a tense moment for the people who steward Ethereum.
For much of the past year, the Ethereum Foundation, the nonprofit that guides the network's development, has faced sustained criticism that it leaned too heavily on Layer-2 networks while letting the base layer stagnate.
Critics argued that pushing activity and fees onto rollups weakened ETH's own investment case, and that the Foundation put ideology ahead of competitiveness as rival blockchains gained ground. Prominent voices, including researcher Dankrad Feist and journalist Laura Shin, pressed versions of that complaint.
The pressure produced the most significant reorganization in the Foundation's history: a run of high-profile departures that some in the community called a brain drain, a leadership reshuffle, and a slimmed-down mandate. Even Ethereum co-founder Vitalik Buterin publicly questioned whether many of today's Layer-2s still fit the network's model.
Ethereum's price has not reflected much of that ambition. ETH traded around $1,879 on Wednesday morning, up roughly 5% on the day but still down about 40% from a year earlier, when it changed hands near $3,140. It remains far below its all-time high of nearly $5,000, set in August 2025.
The Ethereum (ETH) price broke out of a descending trendline that had capped it since the all-time high, while futures open interest climbed to $19.8 billion. ETH trades near $1,928, up 5.2% in the last 24 hours.
Derivatives positioning, liquidation data, and long-term chart structure now point in the same bullish direction. However, one missing ingredient still keeps the breakout unconfirmed.
Futures Traders Return as Open Interest Nears $20 BillionGlassnode data shows Ethereum futures open interest across all exchanges spiked to $19.8 billion on July 14. That is the highest reading since June 3, when a market-wide deleveraging event reset positioning.
Open interest measures the total value of outstanding futures contracts. Rising open interest alongside a rising price suggests new capital is entering the market rather than shorts simply covering.
ETH Open Interest. Source: GlassnodeThe metric had collapsed to approximately $15.5 billion in late June. Its sharp recovery indicates traders are returning to ETH derivatives with conviction. Elevated positive funding on Ethereum supports the same reading.
Whale trader Machi Big Brother reportedly opened a $24.3 million ETH long at 25x leverage, with liquidation set at $1,833.
A drop back below the June range would flip this signal and suggest the new positioning was short-lived.
Long Liquidations at a Yearly Low of 4% Point to a Short SqueezeThe composition of recent liquidations strengthens the bullish case. Ethereum futures long liquidations dominance fell to 4%, its lowest level in a year, according to Glassnode.
In plain terms, only 4% of liquidated positions were longs. The remaining 96% were short traders forced out as the price pushed higher.
ETH Long Liquidations Dominance. Source: GlassnodeStill, squeeze-driven rallies carry a caveat. Forced short covering can exaggerate upside moves, as the June 3 liquidations cascaded to exaggerate the downside. Spot demand must follow for the move to hold.
A return of dominance above 50% would indicate that longs are absorbing damage again and would weaken the momentum signal.
Ethereum Price Holds the Trendline From the 2022 BottomThe weekly chart shows why the current level matters so much. An ascending trendline drawn from the June 2022 bottom, respected throughout the previous bull market, held near $1,600 once again.
The bounce also occurred inside a long-term green demand zone that has served as support four times since early 2023. Moreover, the area coincides with the 0.786 Fibonacci retracement of the entire cycle at $1,754.
ETH weekly chart. Source: TradingviewThis triple confluence of trendline, horizontal support, and Fibonacci level makes the zone a structural line in the sand. The next major resistance sits far above, at the 0.618 Fibonacci retracement of $2,438.
ETH Price Prediction as the $2,000 Test LoomsOn the daily chart, Monday’s 6.5% green candle broke above a descending trendline in place since the all-time high. That line had rejected the ETH price five times before this breakout.
ETH daily chart. Source: TradingviewThe daily Relative Strength Index (RSI) confirms the shift in momentum. It broke out of its own descending trendline, drawn from July 2025, and now sits just below 65.
ETH daily RSI chart. Source: TradingviewOne warning sign remains. Volume has been declining during the recovery, so the breakout lacks confirmation from participation. Analysts watching the ETH/BTC ratio see early signs of a broader Ethereum comeback that could fill the missing demand.
Immediate resistance lies between $1,900 and $2,000. A confirmed daily close above that zone on rising volume could open the way toward $2,438, nearly 30% above the current price.
On the downside, $1,754 is the critical support. Losing it would expose the trendline near $1,600, and a weekly close below that level would invalidate the bullish structure entirely.
Either volume arrives to validate the breakout, or ETH returns to the zone that has saved it four times already.
Bitmine Immersion Technologies is not buying Ethereum in small, cautious increments. The NYSE-listed firm, chaired by Fundstrat co-founder Tom Lee, has purchased an additional 6,000 ETH for roughly $11.18 million, part of a broader accumulation week that added 27,801 ETH to its balance sheet.
That brings total holdings to 5,770,038 ETH as of July 12, 2026, a number that represents 4.8% of Ethereum’s entire circulating supply of approximately 120.7 million tokens.
The scale of what Bitmine is doing here The company has a self-declared goal it calls the “Alchemy of 5%”, targeting ownership of 5% of the total ETH supply by the end of 2026. At 4.8%, it is close enough to smell the finish line.
Bitmine’s total asset base sits at approximately $11.3 billion, which includes 206 BTC and $482 million in cash and marketable securities alongside the ETH stack. The ETH was priced at roughly $1,820 per token at the time of the latest accumulation figures.
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The firm closed a $273.8 million Series A Preferred Stock offering on June 10, 2026, which funded a meaningful portion of the accumulation strategy. ARK Invest’s Cathie Wood is among the institutional backers.
Bitmine was also added to the Russell 1000 index on June 26, 2026, a milestone that forces passive index funds to buy the stock and expands the firm’s investor base significantly.
Staking turns the ETH pile into a yield engine Bitmine has fully staked 4,917,189 ETH through its proprietary MAVAN platform, earning annualized yields of approximately 2.70%.
At that rate, the staking operation generates expected annualized revenues of $242 million. The ETH holdings are not just sitting there appreciating or depreciating with market conditions — they are actively producing income.
Why Robinhood Chain matters to this thesis Tom Lee flagged the July 1, 2026 launch of Robinhood Chain, a Layer 2 network built on Arbitrum, as a relevant data point for the firm’s Ethereum conviction.
The network processed over $1 billion in transaction volume using ETH shortly after launch. That matters because every transaction on an Ethereum L2 that uses ETH for fees is a small incremental demand signal for the underlying asset Bitmine has accumulated in enormous quantity.
What this means for the broader market Bitmine’s accumulation pace is large enough to have actual supply implications. Locking 4.9 million ETH in staking contracts removes those tokens from liquid circulation, which tightens the available float for trading.
The $273.8 million capital raise was designed specifically to fund further accumulation. The risks are also not small. A sustained ETH price decline compresses the dollar value of the treasury rapidly, given the size of the position. Staking yields provide a partial cushion, but they do not fully offset a meaningful drawdown in ETH price. Regulatory treatment of large-scale staking operations remains an open question in multiple jurisdictions, and any adverse ruling on whether staking rewards constitute securities income could affect the economics of the MAVAN platform.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum entered the U.S. inflation release with bullish momentum already building as buyers defended higher lows following its recovery from June’s weakness. That momentum strengthened after headline CPI slowed to 3.5%, below the 3.8% forecast and 4.2% prior reading.
Source: Trading Economics The data weakened the Dollar Index and eased Treasury yields, encouraging fresh demand for risk assets. Binance then recorded more than $1.2 billion in Ethereum [ETH] taker buy volume, accelerating the existing advance and lifting Ethereum toward the $1,895 zone.
Rather than sparking a new trend, the inflation surprise reinforced the ongoing recovery, suggesting macro conditions strengthened buyers’ conviction even as Bitcoin continued attracting the larger share of risk capital.
Source: Darkfost on X Yet the rally soon lost momentum as Bitcoin attracted stronger relative demand and early buyers locked in profits. That divergence suggests traders welcomed improving macro conditions but still preferred Bitcoin [BTC] as the market’s primary macro hedge.
That shift left Ethereum’s advance dependent on broader capital rotation rather than the CPI surprise alone.
Institutional accumulation tightens Ethereum’s supply The macro-driven rebound has drawn attention back to Ethereum, yet institutional positioning had already started shifting before the latest rally.
Over the past two weeks, exchange withdrawals culminated in a 90,024 ETH net outflow on 13 July. In addition to that, average seven-day net flows remained negative at roughly 5,000–15,000 ETH per day.
Source: CryptoQuant As a result of the consistent movement of assets off exchanges, the steady migration reduced Exchange Reserves to approximately 15.3 million ETH, with over 33% of the circulating supply now held off exchanges through staking, DeFi, and institutional custody.
Source: CryptoQuant The metrics show that institutions are buying up liquid supply rather than speculative enthusiasm.
Yet, it appears retail participation is still low. As a result, there is less of a potential for an immediate sell-off due to institutions taking supply off the open market.
This further reinforces Ethereum’s long-term structural position within the market. Needless to say, it continues supporting the thesis that Ethereum will remain volatile for the short term but will ultimately strengthen long term.
Final Summary Ethereum [ETH] rallied on easing U.S. inflation, but the move lacked follow-through beyond the initial macro-driven buying. Ethereum exchange outflows and institutional accumulation continue tightening supply despite subdued retail participation.
Dogecoin is showing early signs of reversing its recent decline, breaking out of a short-term downtrend while holding a key weekly price zone linked to previous market bottoms. The memecoin, which first launched in 2013 as a playful alternative to Bitcoin, is currently positioned at a crucial technical level as traders watch for confirmation of a broader recovery.
Dogecoin signals breakout with double-bottom patternTrader Tardigrade, a widely followed cryptocurrency analyst, reported that Dogecoin has moved above a descending trendline that had capped its price since May. This breakout coincides with a double-bottom formation near the $0.07 mark, which is often viewed by technical traders as an early indication that sellers may be losing control.
A comparison between Dogecoin’s price action at its May peak and its recent base shows the earlier cycle was defined by two successive highs before a sharp pullback. In contrast, the current setup reveals two dips around the same support, reinforcing the potential for a bullish reversal if the pattern holds.
Maintaining the breakout above the trendline and establishing a higher low remain necessary steps for a durable recovery. If Dogecoin can successfully retest the breakout level, traders point to the $0.075-$0.079 range as a likely area for near-term resistance, followed by a more significant test near $0.084.
Dogecoin has broken its downtrend for the first time since May, and a clear double-bottom near $0.07 indicates early signs of trend reversal. Holding above the trendline and reclaiming the $0.09-$0.10 range remain crucial for confirmation.
If Dogecoin slips back below the trendline and loses the $0.07 support, the bullish thesis would weaken. In that case, the attempted reversal could lose momentum, extending the period of sideways movement or prompting further declines.
Key accumulation zone supports bullish caseDogecoin continues to trade near a major weekly accumulation zone centered around $0.07. This band, historically linked to the coin’s previous cycle bottoms, has once again emerged as a critical area where buyers appear willing to defend against further losses.
Technical analysis highlights a broader demand zone stretching from $0.05 to $0.08. During past cycles, Dogecoin approached this level before starting significant recoveries, drawing attention from market participants to its recent resilience in the same region.
Remaining above this accumulation zone, however, is only the first step. Dogecoin must still demonstrate a series of higher weekly lows and break through resistance at $0.09-$0.10 for evidence to build that buyer control is returning. Sustained price action above this range could draw attention toward the $0.15 and $0.20 levels, which were previously active during earlier phases of bullish momentum.
Key LevelSupport/ResistanceSignificance$0.05 – $0.08SupportHistorical demand, links to earlier market bottoms$0.07SupportCurrent accumulation zone$0.075 – $0.079ResistanceShort-term recovery target$0.09 – $0.10ResistanceKey breakout confirmation area$0.15, $0.20Potential ResistanceMedium-term targets if trend reversal holdsIf Dogecoin closes below the accumulation zone and fails to rebound quickly, technical signals suggest the market may not have established a stable bottom. In this scenario, continued consolidation or further decline could follow, underscoring the need for confirmation before a major trend reversal is declared.
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.
Dogecoin Reclaims $0.073 As Meme Traders Look For A Cleaner Rebound is the kind of story that can look simple at first glance, but it carries more weight once you place it inside the week’s broader crypto backdrop. The point is not to dress the headline up into something bigger than it is. The point is to understand why it is being watched now.
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TL;DR Dogecoin is back on traders’ screens after a fresh technical chart update.Dogecoin price recovery testing key moving averages matches broader meme market volume spikes.The X chart source should be treated as market analysis, not as guaranteed price direction. https://x.com/doge_trader/status/2075677386528481330
The Bigger Picture Price action here is useful only when it is tied to a real catalyst, liquidity shift, or visible positioning change rather than a standalone candle. That is the lens I would use here. The update is not valuable because it gives traders a magic answer. It is valuable because it adds another reliable data point to a market that has been moving quickly and, at times, messily.
Embed the exact X chart analysis link immediately post TL;DR. That detail is important because it gives the story a specific centre of gravity. Without that, it would be too easy to turn this into a generic market move or a recycled headline.
For readers, the useful question is not simply whether Dogecoin Price is getting attention. It is whether the underlying development changes access, liquidity, regulatory clarity, infrastructure reliability, or trader positioning. In this case, the answer is that it does give the market something concrete to evaluate.
Because this is a chart-led X/social item, the source should be treated as market analysis. It can help frame trader behaviour, but it should not be confused with an official protocol or company announcement.
Why It Is Not Just A One-Day Headline The immediate read is also different depending on who is watching. Traders may focus on price and liquidity, while builders or compliance teams may care more about the rule, integration, product, or infrastructure detail. That split is exactly why the story is worth handling as a standalone article rather than burying it in a broader recap.
There is also a timing element. The July 15 update arrives after several sessions where crypto markets have been sensitive to macro headlines, ETF flows, regulatory signals, and exchange-level product changes. Any credible update that touches one of those channels is going to attract attention.
What should be avoided is the temptation to turn one development into a sweeping conclusion. A listing is not the same thing as adoption. A price rebound is not the same thing as a confirmed trend reversal. A new rulemaking step is not the same thing as final legal certainty. The value is in the narrower, more accurate read.
Dogecoin price stories require a lighter but careful touch. Social momentum matters, but the cleaner angle is always where the chart, liquidity, and broader risk appetite line up.
The Bottom Line For now, the story gives the market one more piece of evidence about where Dogecoin Price sits in the current cycle. It may be about regulatory clarity, a product rollout, a price level, or a piece of infrastructure, but the same rule applies: the strongest conclusion is the one that stays closest to the source.
If follow-up data confirms the direction of travel, this could become part of a larger narrative. If not, it still gives readers a useful snapshot of how quickly crypto’s active themes are rotating across policy, infrastructure, payments, exchanges, and market structure.
That is why this deserves coverage now. It is not about forcing a dramatic market call. It is about giving readers a clear, grounded explanation of what happened, why it matters, and what still needs to be watched.
This report is based on information from the X chart post.
This article was written by the News Desk and edited by Samuel Rae.
Bitcoin crossed $65,000 on Wednesday, with the Crypto Fear & Greed Index improving to 35 as prices rebounded.
Notable Statistics:
Coinglass data shows 79,273 traders were liquidated in the past 24 hours for $323.30 million. SoSoValue data shows net inflows of $181.08 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $58.3 million. In the past 24 hours, top gainers include Pump.fun, Virtuals Protocol and ether.fi. Notable Developments:
Trader Notes:
Trader Jelle noted that Bitcoin briefly swept below recent lows in a deviation move but has since reclaimed key levels. The analyst says holding above $63,000 could pave the way for a recovery, potentially retracing part of the sharp decline seen earlier this year. He maintains a long-term strategy of dollar-cost averaging (DCA) throughout the summer.
Crypto analyst Benjamin Cowen explained Bitcoin continues to trade between the Bear Market Resistance Band and the 200W SMA, with neither side gaining a decisive advantage.
The analyst expects this range-bound price action to continue for another one to two months, until a sustained breakout or breakdown occurs.
Daan Crypto Trades says Bitcoin must hold the current green support zone to preserve its bullish momentum and breakout structure. Key liquidity targets lie at $65,600 and, more importantly, $67,200.
A sustained move above $67,200 could trigger a stronger rally toward $70,000+, positioning Bitcoin back in the middle of its broader $60,000–$80,000 trading range.
Image: Shutterstock
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Crypto does not move on one kind of catalyst. Some days it is price, some days it is policy, and some days it is infrastructure. Cardano Foundation Takes Over Token2049 Hosting Rights From EMURGO sits inside that mix, and it gives readers a useful snapshot of where attention is moving today.
For more details, visit the official Cardanofoundation platform.
TL;DR Cardano Foundation Takes Over Token2049 Hosting Rights From EMURGO is the main story for Cardano today.Cardano Foundation taking hosting rights for major ecosystem events updates project marketing responsibility lanes.The cleaner read is to focus on what Cardano Foundation actually shows, not to overstate what the update proves. Why The Source Matters Cardano stories are often really governance and execution stories, with the market watching whether roadmap promises keep turning into usable delivery. That is the lens I would use here. The update is not valuable because it gives traders a magic answer. It is valuable because it adds another reliable data point to a market that has been moving quickly and, at times, messily.
Cite the scheduled timeframe for Cardano events at Token2049. That detail is important because it gives the story a specific centre of gravity. Without that, it would be too easy to turn this into a generic market move or a recycled headline.
For readers, the useful question is not simply whether Cardano is getting attention. It is whether the underlying development changes access, liquidity, regulatory clarity, infrastructure reliability, or trader positioning. In this case, the answer is that it does give the market something concrete to evaluate.
The source trail matters here. The article is based on Cardano Foundation, which is a cleaner starting point than relying on second-hand summaries or social chatter.
The Cleaner Way To Read It The immediate read is also different depending on who is watching. Traders may focus on price and liquidity, while builders or compliance teams may care more about the rule, integration, product, or infrastructure detail. That split is exactly why the story is worth handling as a standalone article rather than burying it in a broader recap.
There is also a timing element. The July 15 update arrives after several sessions where crypto markets have been sensitive to macro headlines, ETF flows, regulatory signals, and exchange-level product changes. Any credible update that touches one of those channels is going to attract attention.
What should be avoided is the temptation to turn one development into a sweeping conclusion. A listing is not the same thing as adoption. A price rebound is not the same thing as a confirmed trend reversal. A new rulemaking step is not the same thing as final legal certainty. The value is in the narrower, more accurate read.
Cardano’s ecosystem remains heavily tied to governance, development delivery, and community confidence. Updates around events, roadmap ownership, or technical direction can matter even when they do not immediately move ADA.
The Bottom Line For now, the story gives the market one more piece of evidence about where Cardano sits in the current cycle. It may be about regulatory clarity, a product rollout, a price level, or a piece of infrastructure, but the same rule applies: the strongest conclusion is the one that stays closest to the source.
If follow-up data confirms the direction of travel, this could become part of a larger narrative. If not, it still gives readers a useful snapshot of how quickly crypto’s active themes are rotating across policy, infrastructure, payments, exchanges, and market structure.
That is why this deserves coverage now. It is not about forcing a dramatic market call. It is about giving readers a clear, grounded explanation of what happened, why it matters, and what still needs to be watched.
This report is based on information from Cardano Foundation.
This article was written by the News Desk and edited by Samuel Rae.
In 2024, identity verification provider AU10TIX, which provided services to companies like TikTok and Uber, was found to have exposed drivers' licenses to hackers for over a year. In 2025, the age-verification systems provider for the social media site Discord was breached, exposing potentially 70,000 users' government IDs. In 2026, the lesson should already be clear that once age verification depends on vendors and stored identity data, a safety system can become a breach vector.
And the rise of AI is only accelerating these risks, making hacks faster and the resulting damage easier to inflict.
This is the backdrop against which the U.S. House passed the Kids Internet and Digital Safety (KIDS) Act on June 29th, a sprawling package built around the Kids Online Safety Act (KOSA), 267-117. The bill now sits in the Senate, where KOSA's own authors, Democrat Richard Blumenthal and Republican Marsha Blackburn, resoundingly rejected the House version and are pushing a tougher one, in part by tying it to federal preemption of state AI laws. A Senate Commerce Committee markup is expected this month. Whatever emerges from that process will shape how identity works online for years.
The intent is to protect minors. The risk is that the mechanism protecting them requires building a much larger surveillance apparatus than anyone campaigning for it admits.
Frederik Gregaard is the CEO of the Cardano Foundation, the Swiss-based non-profit organization that exists to ensure the advancement of the Cardano protocol.
KIDS doesn't mandate age verification outright, because it doesn't have to. Making platforms liable for harm to minors who access their services gives companies a simple risk calculus. Either you verify age, or accept the legal exposure of not knowing who's a minor. Liability without a verification mandate still produces verification. That's the mechanism, and it's worth naming explicitly, because "there's no explicit age check in the bill" is a technically true defense that misses how the incentive actually works in practice.
Once disclosure becomes the price of access, the information dragnet tends to expand. A tool built to confirm someone is old enough becomes a tool that confirms who they are, and a database built to prevent liability becomes just a liability – one more repository of identification data waiting for the next AU10TIX-style breach.
But if a platform only needs to know that a user is old enough, it should not require a full identity file or other data it may use as a proxy for age. If a service only needs to reduce exposure to harmful content, there is no need to build a database that can later be repurposed. These distinctions, however small, matter.
In Utah, which passed State-Endorsed Digital Identity (SEDI) legislation, Cardano Foundation-built Veridian has already shown that digital identity can be delivered in a privacy-preserving way, allowing users to prove that they are over or under a specific age without exposing any other data. It’s a working model of what responsible verification can look like and shows trust does not require unnecessary disclosure. Privacy can be designed into the system from the start.
That is the standard bills like KIDS or KOSA should favor.
If the goal is to protect children, the tools should be narrow, purposeful, and minimally invasive. Broad mandates that push every platform toward more data, more retention, and greater dependence on identity are too blunt and risk creating a multitude of other problems alongside the ones they claim to solve.
A better approach is straightforward. Build for data minimization, limit retention, and use privacy-preserving verification where verification is truly needed. If digital trust can be established without exposing personal data, lawmakers should prefer that path. If safety can be improved without turning the internet into an identity checkpoint, that should be the only option.
Children deserve protection online. But they do not need a policy framework that makes everyone more visible in order to make the internet, and the companies that thrive on it, more accountable.
The right standard is simpler: protect minors, limit data, preserve privacy, and build trust without unnecessary disclosure.
That should be the test for KIDS, because you can build safety without surveillance.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
"I expect the parabolic rally to begin," one analyst stated.
Cardano’s native token has experienced heightened volatility lately, but the bulls eventually prevailed and decisively pushed the price above the June lows.
Certain analysts believe ADA is poised for a much more substantial short-term upswing, and recent whale activity supports that scenario.
Parabolic Rally on the Way? The recent US CPI data, which revealed that inflation in America has cooled off more than previously expected, has given the crypto market a much-needed boost. ADA caught the green wave, with its price climbing by 3.5% over the past 24 hours and currently trading at approximately $0.17.
ADA Price, Source: CoinGecko Another element that may have propelled the asset’s resurgence is the recent formation of an inverse head-and-shoulders pattern on its chart, as X user CryptoJack noted. The setup consists of three lows: a left shoulder, a deeper head, and a right shoulder, which usually indicates that sellers are weakening and buyers are taking control.
According to Celal Kucuker, ADA could be on the verge of a price explosion toward a new all-time high of $5. The analyst believes we have reached the bottom zone and expects the “parabolic” rally to begin.
Whales and More The latest behavior of the large investors reinforces the optimistic price outlook. As CryptoPotato reported, whales holding between 100,000 and 100 million ADA have increased their total possessions to over 25.6 billion coins, while smaller players (wallets owning fewer than 100 units) have reduced their exposure. Together, these factors represent a healthy setup for the token, though they don’t guarantee an immediate price explosion.
Another element that may lift the bulls’ spirits is ADA’s exchange netflow. Over the past weeks, outflows consistently exceeded inflows, suggesting that investors have been shifting from centralized platforms to self-custody methods, thereby reducing immediate selling pressure.
You may also like: Whales Keep Loading Up on Cardano While Retail Dumps ADA Bitcoin (BTC) Starts July Under $60K, Cardano (ADA) Finally Rebounds: Market Watch ADA Faces Heavy Pressure, But Cardano’s On-Chain Data Tells Another Story ADA Exchange Netflow, Source: CoinGlass In contrast, ADA’s Relative Strength Index (RSI) remains a bearish element in the current setup. The technical analysis tool’s ratio has soared past 70, meaning the asset has entered overbought territory and could be due for a pullback in the near future. The index ranges from 0 to 100, and conversely, anything under 30 is considered a buying opportunity.
Target Corp (NYSE:TGT) is seeing encouraging signs that its merchandising overhaul is helping attract shoppers, prompting Jefferies to modestly raise its second-quarter forecasts ahead of the retailer's earnings.
Jefferies wrote that Target's expanded product assortment, category refreshes and exclusive partnerships are increasingly becoming meaningful traffic drivers. The firm raised its second-quarter comparable sales estimate to 1.6% from 1.5% and increased its earnings per share forecast to $2.18.
The analysts pointed to a broad merchandising reset that has included a 30% expansion of Target's wellness section, the introduction of 3,000 beauty products and 60 new brands, a refresh of 75% of home decorative accessories, new food and beverage offerings, and a back-to-school assortment that is more than 50% new.
"In our view, this represents one of the broadest assortment refreshes TGT has undertaken in years," Jefferies wrote.
The firm believes these initiatives, along with collaborations and exclusive partnerships, are helping increase store traffic. Target reported first-quarter traffic growth of 4.4%, which Jefferies described as an early indication that the refreshed assortment is resonating with shoppers.
Looking ahead, the analysts acknowledged that Target faces a tougher year-over-year comparison in the second quarter as it laps the Nintendo Switch 2 launch. However, they wrote that recent foot traffic trends, combined with continued product launches, category resets and collaborations, suggest the company's merchandising strategy remains effective.
Jefferies also highlighted data from location analytics firm Placer.ai, noting a strong historical correlation between Target's foot traffic and comparable sales. Based on those trends, the firm now expects second-quarter comparable sales growth of 1.6%, compared with its Placer-based estimate of 1.7% and Wall Street's consensus forecast of 1.9%.
The analysts added that they expect Target to continue emphasizing merchandising through the second half of the year, supported by additional collaborations, new back-to-school products and the rollout of its Beauty Studio initiative.
Jefferies continues to view Target as one of its top investment ideas for 2026 following a recent meeting with the company's management team, where executives discussed early traction from the retailer's strategic reset and merchandising-led initiatives.
Shares of Target traded up 3% at about $138 on Wednesday afternoon, having added almost 41% so far this year.
Target Corp (NYSE:TGT) is seeing encouraging signs that its merchandising overhaul is helping attract shoppers, prompting Jefferies to modestly raise its second-quarter forecasts ahead of the retailer's earnings.
Jefferies wrote that Target's expanded product assortment, category refreshes and exclusive partnerships are increasingly becoming meaningful traffic drivers. The firm raised its second-quarter comparable sales estimate to 1.6% from 1.5% and increased its earnings per share forecast to $2.18.
The analysts pointed to a broad merchandising reset that has included a 30% expansion of Target's wellness section, the introduction of 3,000 beauty products and 60 new brands, a refresh of 75% of home decorative accessories, new food and beverage offerings, and a back-to-school assortment that is more than 50% new.
"In our view, this represents one of the broadest assortment refreshes TGT has undertaken in years," Jefferies wrote.
The firm believes these initiatives, along with collaborations and exclusive partnerships, are helping increase store traffic. Target reported first-quarter traffic growth of 4.4%, which Jefferies described as an early indication that the refreshed assortment is resonating with shoppers.
Looking ahead, the analysts acknowledged that Target faces a tougher year-over-year comparison in the second quarter as it laps the Nintendo Switch 2 launch. However, they wrote that recent foot traffic trends, combined with continued product launches, category resets and collaborations, suggest the company's merchandising strategy remains effective.
Jefferies also highlighted data from location analytics firm Placer.ai, noting a strong historical correlation between Target's foot traffic and comparable sales. Based on those trends, the firm now expects second-quarter comparable sales growth of 1.6%, compared with its Placer-based estimate of 1.7% and Wall Street's consensus forecast of 1.9%.
The analysts added that they expect Target to continue emphasizing merchandising through the second half of the year, supported by additional collaborations, new back-to-school products and the rollout of its Beauty Studio initiative.
Jefferies continues to view Target as one of its top investment ideas for 2026 following a recent meeting with the company's management team, where executives discussed early traction from the retailer's strategic reset and merchandising-led initiatives.
Shares of Target traded up 3% at about $138 on Wednesday afternoon, having added almost 41% so far this year.
United Airlines' second-quarter results came in ahead of Wall Street estimates, but billions of dollars in added fuel costs continue to weigh on earnings, the carrier said Wednesday.
Here is what United Airlines reported for the quarter that ended June 30 compared with what Wall Street was expecting, based on estimates compiled by LSEG:
Earnings per share: $1.99 adjusted vs. $1.88 expectedRevenue: $17.67 billion vs. $17.61 billion expectedUnited forecast third-quarter adjusted earnings per share of between $2.50 and $3.50, compared with analysts' estimates for $3.60 a share. It estimated full-year adjusted earnings per share of between $9 and $11, the higher end of the range of the adjusted $7 to $11 a share it forecast in April, when it cut its January forecast after the U.S. and Israel attacked Iran in late February.
According to Argus data published by industry group Airlines for America, jet fuel prices at major U.S. airports are up 34% in July alone through Tuesday amid a roller coaster of escalating and deescalating conflict between the U.S. and Iran. Jet fuel is the largest cost for airlines after labor.
United said the higher fuel prices could add nearly $6 billion to its expenses this year compared with what it expected at the start of 2026, and that its second-quarter fuel costs rose 84% from last year to $2.3 billion. Those estimates were made based on Tuesday's fuel prices. It said it would cover up to as much as 90% of its higher costs this quarter and all of it in the fourth quarter.
Rival Delta Air Lines also said it is passing on more of those higher costs to flyers. The airlines said demand has remained strong despite higher fares.
United said it is updating its forecast to include the most recent fuel prices because costs have been so volatile. Since the beginning of July, fuel prices have hit adjusted earnings for the third quarter by $1.12 per share, it said.
The carrier could further cut its capacity plans because of higher fuel costs this year, it said in a filing.
United expanded flying 3.5% second quarter. Its revenue rose 16% from a year earlier to $17.67 billion, with total unit revenue up 12.1% in the second quarter from last year. That was the highest unit revenue growth since early 2023, according to FactSet.
The airline reported higher revenue for premium, corporate and no-frills basic economy tickets, as well as rising unit revenue for both domestic and international trips.
Net income fell more than 17% to $805 million, or $2.46 a share. Adjusting for one-time items United reported $649 million, or $1.99 a share on an adjusted basis.
United executives will hold an earnings call Thursday at 10:30 a.m. ET.
Read more CNBC airline newsDelta launches ‘basic business’ fares without lounge access, seat selectionRecord heat, crowds drive offseason boom in international travelDelta expects higher airfare to last, bringing 2026 profit goal in reach'Bring 'em on': Delta wants United's crown over the Pacific, tooSpirit's collapse, high fuel prices test limits of summer vacation spendingMeet the pilots flying Spirit Airlines' yellow jets to the desert
HomeIndustriesAirlinesEarnings ResultsEarnings ResultsInvestors zero in on a potentially fatter jet-fuel bill for United, dragging the stock downJuly 15, 2026, 5:05 p.m. ET
United Airlines late Wednesday reported earnings that topped Wall Street’s expectations and raised its guidance for the year. It didn’t seem to matter.
Investors zeroed in on United’s potentially fatter jet-fuel bill — the airline said it expects nearly $6 billion in additional fuel expenses for the year, based on crude prices as of Tuesday. The airline said it aims to recover some of it.
Make no mistake: ExxonMobil (XOM 0.40%) remains the epitome of "big oil." The energy giant is one of the world's largest integrated oil and gas companies, with exploration projects, refineries, and retail energy operations worldwide.
However, while the "green wave" investing trend has lost momentum in recent years, don't assume ExxonMobil has completely abandoned its efforts to capitalize on it. Alongside efforts to maximize the profitability of its legacy business through measures like cost-cutting and a focus on high-return exploration opportunities, ExxonMobil has continued to commit billions to its "clean energy" projects.
Although these projects don't contribute much to the bottom line yet, in a little over a decade, they could become a secondary source of profitability for this blue chip dividend stock.
Image source: Getty Images.
ExxonMobil's lean, mean, hydrocarbon cash machine ExxonMobil has prioritized maximizing profitability in its legacy business. Why? For starters, the company wants to maintain its dividend growth track record. With 43 years of consecutive annual dividend growth under its belt, it's less than a decade away from becoming one of the Dividend Kings, or companies with over 50 years of consecutive dividend growth.
Alongside growing the dividend, which currently gives the stock a 2.9% forward yield, ExxonMobil also remains committed to another type of "return of capital" activity: share repurchases. Management is currently targeting $20 billion in annual buybacks. That's around 3.3% of the company's current market capitalization.
As share repurchases help increase a stock's underlying per-share value over time, ExxonMobil is, in essence, trying to maintain a mid-single-digit return baseline. Besides the return of capital, the company is trying to, as CEO Darren Woods recently put it, "produce more oil for less money," with another objective in mind. That would be to produce greater cash flow, not only to support dividend and buyback growth, but to fund ExxonMobil's "green pivot" as well.
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The longer-term payoff ExxonMobil's near-term objective for its efficiency efforts is to increase annual earnings and cash flow by $25 billion and $35 billion, respectively, compared with 2024 levels. Management anticipates hitting this goal by 2030. The company is ramping up profitability to sustain earnings and dividend growth and spur further price appreciation.
Over a longer time horizon, however, the company is also putting a lot of this cash into its "green wave projects." As part of its "2030 Plan," unveiled last December, ExxonMobil also announced plans to invest $20 billion in what it calls its "lower-emission investments" between 2025 and 2030, with 60% of this investment focused on reducing emissions for third-party customers. This includes not only investment in ExxonMobil's carbon capture and storage (CCS) projects, but also in its Proxxima resin systems project, and in its budding low-emissions hydrogen and domestically sourced lithium.
Make no mistake. ExxonMobil isn't trying to "green" up its image by investing heavily in the business. Alongside sustainability, the oil and gas giant also sees financial opportunity. As the company's management believes these businesses could generate up to $13 billion in additional earnings by 2040, consider ExxonMobil's "green wave" wager as a secondary catalyst for the stock in the long term.
In short, buy this energy stock for the 2.9% dividend and 2030 transformation today -- and hold it for the next big transformation down the road.
Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. Kevin Hincks sees promise in GE Aerospace (GE) due to it being the sole engine provider of Boeing's (BA) 737 MAX jets.
Verizon is reiterated as a "Buy," with an attractive valuation and a high 6.66% forward dividend yield. VZ raised its FY 2026 EPS guidance to $4.95–$4.99, supported by strong postpaid phone and broadband net adds. Despite competition risks and technical weakness, VZ's fundamentals remain solid, with $6.55 free cash flow per share over the past year.
Strong Quarterly Results Beat ExpectationsCitizens analysts Devin Ryan and Noah Katz said Goldman posted results well above expectations, driven by strength across investment banking, equities, fixed income trading and asset management.
The brokerage noted that second-quarter earnings per share of $20.98 exceeded its $15 estimate by 40% and topped the Street consensus of $14.48 by 45%. Revenue climbed 39% year over year to $20.34 billion, about $4 billion above consensus. Goldman also generated a 23.5% return on equity during the quarter.
Broad-Based Growth and AI TailwindsCitizens said the revenue outperformance came from Goldman’s core franchise rather than one-time gains. Record results in equities trading and financing, stronger fixed-income performance and improving investment banking activity demonstrated broad-based operating momentum.
The analysts also highlighted growing opportunities tied to artificial intelligence, saying the AI investment cycle is expanding demand across data centers, energy, infrastructure and capital markets activities.
Alternatives Business and Fundraising Remain Key DriversThe brokerage also pointed to record alternatives fundraising and disciplined expense management as factors that could support earnings beyond the quarter.
Goldman raised $59 billion of third-party alternatives capital during the quarter and now expects more than $125 billion of fundraising this year.
Higher Earnings Forecasts, but Valuation Limits UpsideFollowing the strong results, Citizens raised its 2026 earnings estimate to $72.55 per share from $64.38 and increased its 2027 estimate to $74.25 from $69.75.
Despite the higher forecasts, Citizens reiterated its Market Perform rating. The firm said Goldman deserves a premium valuation because of its improving earnings mix, market-share gains and capital flexibility.
However, it cautioned that the shares already price in much of the favorable outlook, leaving less room for upside if trading activity normalizes or investment banking recovery slows.
GS Price Action: Goldman Sachs Group shares were up 0.43% at $1144.91 at the time of publication on Wednesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
Photo via Shutterstock
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
SummaryBlackRock, Inc. demonstrated robust Q2 performance with record inflows, base fees, and double-digit revenue growth, reinforcing its ecosystem moat.BLK's diversification into private markets and tech services is accelerating, lowering its correlation with equity indexes and strengthening client relationships.Valuation is now more attractive: BLK trades at a 2026 P/E of 19x, cheaper than major peers and the S&P 500, with improving operating leverage.I am upgrading BLK to a Buy, citing solid growth, healthy financials, and a compelling risk/reward profile versus the broader market. georgeclerk/iStock Unreleased via Getty Images
I would say that in my last article on BlackRock, Inc. (BLK), I was kind of wrong (check it here). A good part of my thesis was, in fact, reinforced in this quarter; Q2 showed
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (Nasdaq: SBUX) plans to release its third quarter fiscal year 2026 financial results after market close on Wednesday, July 29, 2026, with a conference call to follow at 1:15 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company’s website at https://investor.starbucks.com/. A replay of the webcast will be available on the company’s website until the end of day, Friday, September 11, 2026.
About Starbucks
Since 1971, Starbucks Coffee Company has been committed to responsibly sourcing and roasting high-quality arabica coffee. Today, with a global footprint of more than 41,000 company-operated and licensed coffeehouses and a growing presence in consumer-packaged goods, we are the world's premier purveyor of specialty coffee. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at about.starbucks.com or www.starbucks.com.
CSCO weekly chart shows potential bull flag and retracement towards top boundary of rising chanel. Source: TradingView Key Downside Levels to Watch The continuation of the bearish correction suggests that lower support levels may be tested before the correction is complete. If support fails to hold near the 38.2% Fibonacci level, the 50% retracement at $103.34 becomes the next downside target. That area may soon be joined by the rising 20-week moving average, adding to its potential significance. In addition, the upper boundary line of the original rising trend channel is near the 50% retracement zone. Since it has not yet been tested as support following the May channel breakout, there is a good chance that it will be tested before demand begins to recover.
Bullish Flag Holds the Key During the pullback, CSCO has formed a potential bullish flag pattern bounded by two parallel declining trendlines. The lower boundary line defines dynamic support, and given the structure of the formation, the 50% retracement level may be reached while maintaining the integrity of the potential bullish flag pattern. However, if support fails at the lower flag boundary, it would signal more significant selling pressure and further deterioration of the potentially bullish pattern.
Whether buyers can successfully defend support near the current Fibonacci retracement or the deeper 50% retracement zone will likely determine if this pullback ultimately proves to be a healthy correction within a longer-term uptrend or the start of a more significant corrective phase.
International Business Machines (IBM) remained under pressure after CNBC's Jim Cramer said the stock is not yet attractive despite its steep selloff, following
IBM shares extended their sharp decline on Wednesday after suffering one of the biggest one-day selloffs in the company's history, with analysts warning that changing corporate technology spending priorities could continue to weigh on the stock despite its long-term artificial intelligence ambitions.
The shares fell more than 2.7% on Wednesday, adding to Tuesday's 25% plunge that wiped out between $67 billion and $70 billion in market value.
The stock has now fallen more than 27% this year after the company released preliminary second-quarter results that missed Wall Street expectations.
The technology company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, below FactSet estimates of $3.01 per share on revenue of $17.86 billion.
While software revenue rose 5% during the quarter, consulting revenue was broadly flat, increasing 1% at constant currency, and infrastructure revenue declined 7%.
Investors appeared to focus less on the headline earnings miss than on management's explanation for the disappointing performance.
Chief executive Arvind Krishna said customers unexpectedly redirected spending toward AI-related hardware investments during the closing weeks of the quarter.
"In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases," Krishna wrote in a letter to investors.
"While we anticipated some supply chain-related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization," he said.
The comments reinforced concerns that enterprises are prioritising foundational AI infrastructure over broader software and consulting projects, leaving companies such as IBM exposed to shifting IT budgets.
The spending trend has also been cited by other technology companies as customers race to secure computing capacity amid surging demand for AI workloads.
Analysts downgrade IBM; expect stock to remain range-boundFollowing the earnings disappointment, Oppenheimer downgraded IBM to Perform from Outperform and removed its $350 price target.
The brokerage noted that software revenue growth of 5% fell well short of its own 12% estimate.
According to Oppenheimer, IBM attributed much of the weakness to delays in closing large mainframe-related software deals rather than outright cancellations, with stronger-than-expected growth at Red Hat and continued momentum from HashiCorp and Confluent partially offsetting the shortfall.
Infrastructure revenue decline of 7% was also higher than Oppenheimer's expectation for a 5% decline.
The brokerage said consulting growth of just 1% also came in below forecasts.
Oppenheimer warned that it would be "difficult for IBM to get 'double-digit' CC growth in software for CY26/27 without additional large acquisitions or a material catch-up in large deals."
"The bull thesis will take longer to materialize, and we anticipate the stock will be range-bound near term," analyst Ittai Kidron Singh wrote.
The firm added that the migration of enterprise spending toward servers and storage should benefit hardware suppliers while creating near-term risks for infrastructure software companies facing tighter IT budgets.
HSBC also turned more cautious, cutting its recommendation from Hold to Reduce while lowering its price target to $191.
CNBC's Jim Cramer said IBM has found itself on the wrong side of an important shift in enterprise technology spending.
"That's the new reality, and I have no idea when it will change, which is why I can't recommend IBM, not even after today's severe decline," the "Mad Money" host said on Tuesday.
Cramer argued that businesses are increasingly concentrating their technology budgets on three areas: cybersecurity, AI hardware and AI token consumption costs.
"Unfortunately for IBM, they have too many products and services that fall into the 'other types of spending' categories, even if they also have a decent overall AI narrative," he said.
While praising Krishna for taking responsibility for the weak quarter and acknowledging IBM's attractive dividend yield of more than 3%, Cramer said those positives were insufficient to offset broader concerns.
"I'm too worried about these trends to say that IBM's now safe to buy," he said.
"We're at the point in the year where IT managers are putting together their budgets for 2027, and you have to assume that these three priorities I just identified will continue to dominate, which means anything outside of them has a real problem."
"I hope that IBM truly is just seeing its deals get delayed, and not canceled," he added. "But I can't tell you to buy a stock because I hope something is true."
Citi analyst Fatima Boolani said the weak quarter had increased uncertainty around IBM's growth outlook.
"In what we garner is now a likely wider-dispersion for 2026/2027 expectations, renewed and emboldened 'AI-disruptee/AI-loser' concerns, we anticipate shares to be tethered," she said.
Goldman Sachs analyst James Schneider said the results reflected broader spending shifts across the industry rather than purely company-specific challenges.
"We believe the mainframe shortfall reflects client demand re-prioritization toward near-term server and other hardware purchases given surging memory and component prices, a dynamic consistent with what peers such as Dell and HP have cited," Schneider said.
He added that weaker transaction processing revenue stemmed from fewer new mainframe purchases, while IBM's Data & Automation software business also faced company-specific execution issues.
, /PRNewswire/ -- CPC Biotech, part of PSG and Dover (NYSE: DOV) and a leading manufacturer of connectors, pumps, and flow sensors used in biopharmaceutical processing, today announced the launch of the RevolveSD™ Series. The new one-inch, single-use product enables sterile disconnection of bioprocess tubing in fewer steps than traditional methods that rely on clamps or sealers. RevolveSD disconnects allow bioprocessors to complete sterile disconnections in seconds, while also reducing setup time.
"We created RevolveSD connectors to simplify sterile disconnection in biopharmaceutical processes," said Spencer Juola, product manager, CPC Biotech. "Operators can disconnect tubing without special equipment, and as a true one-time disconnect, this product helps prevent unintended reconnection and the associated risks of process sterility breaches."
The RevolveSD Series is made of durable, lightweight polyphenylsulfone (PPSU), which is compatible with harsh chemicals used in applications such as antibody drug conjugate manufacturing. Its metal-free construction also eliminates corrosion risks in the flow path.
The RevolveSD Series features dual-valve, non-spill technology that minimizes residual fluid on the external valve face after disconnection. Its one-inch flow path size and valve design support smooth, bidirectional flow, minimizing turbulence and restriction.
"The RevolveSD Series addresses a real industry need for a high-flow disconnect that is sterile, single-use, and incredibly easy to use, according to early customer feedback," Juola continued. "As the makers of AseptiQuik Series connectors, we have a long history of providing bioprocessors with robust solutions that meet demanding performance requirements. The RevolveSD Series builds on that expertise by bringing new efficiencies to large-scale bioprocessing, streamlining fluid disconnections and reducing tear-down complexities."
For more information about the performance and versatility of the RevolveSD Series, please visit the CPC Biotech website.
About CPC Biotech:
CPC Biotech is at the forefront of bioprocessing fluid management and flow control, offering a comprehensive portfolio of critical components: connectors, pumps, flow meters and sensors. Our industry-leading products permit biopharma innovators to produce next-generation biologics and therapeutics with optimal integrity, yield, efficiency and scalability. From lab to commercial launch, we enable those who drive breakthroughs in medicines and biologics that transform lives and advance humanity. CPC Biotech is part of Pump Solutions Group (PSG), an operating company within Dover Corporation. To learn more about CPC Biotech, please visit cpc-bio.com.
About PSG:
PSG is the global pump, metering, connector, and dispensing-solution expert, enabling the safe and efficient transfer of critical and valuable fluids that require optimal performance and reliability in applications where it matters most. Additionally, PSG is a leading provider of flow meters designed to reduce waste and downtime while accurately measuring, monitoring and controlling the distribution of fluids. Headquartered in Downers Grove, Illinois, USA, PSG is comprised of several world-class brands, including Abaque, All-Flo, Almatec, Blackmer, CPC Biotech, Cryo-Mach, Ebsray, em-tec, Griswold, Hydro, ipp, Malema, Mouvex, Neptune, Quantex, and Wilden. PSG products are manufactured on three continents – North America, Europe and Asia – in state-of-the-art facilities that practice lean manufacturing and are ISO-certified. PSG is part of the Pumps & Process Solutions segment of Dover Corporation. For additional information on PSG, please visit psgdover.com. PSG: Where Innovation Flows.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
CPC Biotech Contact:
Jana Stender
(612) 564-2053
[email protected]
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
[email protected]
The arbitration centered on Circle’s decision to suspend Heka Funds’ access to USDC redemptions during the Silicon Valley Bank turmoil. The arbitrator found that Heka failed to disclose the extent of its financial relationship with Tether. Heka’s $49 million damages claim was rejected, while Circle was awarded legal and expert costs. The case highlights the importance of transparency and counterparty risk in institutional stablecoin markets. According to the Financial Times, court filings made public this week shed new light on the private arbitration between Circle and Heka Funds, detailing the events that led the USDC issuer to suspend the fund’s redemption privileges during the 2023 Silicon Valley Bank turmoil.
The filings form part of Circle’s effort to have an arbitration award confirmed after proceedings concluded in February 2026. While the outcome was already known, the supporting documents disclose previously confidential evidence presented during the case.
Circle Raised Concerns Over Heka’s Trading Activity As of the information, Circle became concerned after Heka redeemed unusually large volumes of USDC while the stablecoin temporarily traded below its dollar peg following the collapse of Silicon Valley Bank.
The company argued that the redemptions were not simply an arbitrage strategy. Instead, it alleged the proceeds were being directed toward Tether, strengthening USDT at a time when confidence in USDC had weakened.
A central issue in the arbitration was Heka’s relationship with Tether.
Evidence presented during the proceedings showed:
Tether invested approximately $800 million in Heka, representing about 75% of the fund’s assets. Tether waived certain USDT minting fees for the fund. Circle argued those arrangements should have been disclosed when Heka established its redemption relationship with the company. The USDC issuer maintained that knowledge of Heka’s relationship with Tether would have changed its risk assessment when evaluating the redemption relationship.
Arbitrator Found Heka Acted in Bad Faith Retired judge Robert Dondero, who presided over the arbitration, ruled in Circle’s favor.
According to the decision, Heka intentionally failed to disclose its relationship with Tether despite recognizing that doing so would likely have raised what the arbitrator described as “bells and whistles of concern” within Circle.
The ruling dismissed Heka’s claim for approximately $49 million in lost profits and ordered the fund to reimburse Circle roughly $166,000 in legal and expert fees.
Heka has denied engaging in market manipulation and maintains it has never been the subject of any regulatory investigation. The firm has also argued that Circle’s efforts to make the arbitration filings public are intended to shift attention away from questions surrounding USDC’s handling during the SVB crisis.
The Case Extends Beyond a Contract Dispute While the arbitration focused on contractual obligations rather than allegations of market manipulation, the newly disclosed records provide a rare glimpse into how stablecoin issuers monitored institutional counterparties during one of the sector’s most volatile periods.
The proceedings also illustrate how redemption relationships have become an important risk-management tool for stablecoin issuers. Beyond maintaining reserves, firms increasingly scrutinize who is accessing liquidity and how redeemed funds may affect broader market dynamics.
As the stablecoin market continues to attract greater institutional participation and regulatory oversight, the dispute underscores that transparency, governance and counterparty disclosure are becoming as important as liquidity and market share in competition between major issue
Newly unsealed court documents reveal that stablecoin issuer Circle barred Malta-based crypto investment fund Heka from its platform in late 2023, igniting renewed debate over a potential ban on Tether. Court filings show Circle took action after identifying suspicious trading activity by Heka during the Silicon Valley Bank (SVB) crisis, a period when USDC temporarily lost its one-dollar peg.
Circle details suspicious redemptions amid SVB turmoilCircle, known for developing the USD Coin (USDC) stablecoin, stated that it noticed large and irregular redemptions of USDC after SVB went bankrupt. At that time, USDC traded below parity, and Heka reportedly redeemed significant amounts of USDC to obtain US dollars. The filings indicate that Heka quickly converted the proceeds into Tether’s USDT, enabling USDT to increase its market share as investors sought alternatives during the USDC uncertainty.
Stablecoins serve as key infrastructure in crypto markets, underpinning decentralized finance (DeFi), international payments, and trading platforms. When leading issuers face operational disruptions or regulatory intervention, liquidity can suffer, investor confidence may weaken, and the broader digital asset ecosystem can experience instability.
Circle attributed Heka’s activity to more than just regular arbitrage, stating that these trades appeared designed to exploit rapid price movements and market volatility during the SVB crisis.
Arbitration ruling supports Circle’s restrictionsLegal documents indicate that prior to the disputed events, Heka had invested $800 million through Circle’s platform. Following the restriction, Heka initiated arbitration, arguing that Circle’s actions interfered with its trading strategy and resulted in a loss of nearly $49 million.
The arbitrator ruled in Circle’s favor, determining that Heka had acted in bad faith. Consequently, the court upheld the platform ban and ordered Heka to pay Circle’s legal fees.
Mini dictionary: Circle is a US-based fintech company that issues USD Coin (USDC), a regulated stablecoin pegged to the US dollar and backed by reserves.
Discussion around a potential Tether ban has intensified after the court justified Circle’s measures as necessary for protecting the stability of USDC and preempting market manipulation.
PlatformStablecoinMarket FocusNotable Event (2023)CircleUSDCRegulatory compliance, institutional adoptionUSDC temporarily depegged during SVB crisisTetherUSDTGlobal market dominanceGained share as investors switched from USDCHeka FundUSDC, USDTCrypto investmentBarred by Circle after high-value USDC redemptionsThe case spotlights the growing need for robust surveillance and compliance mechanisms in the stablecoin sector as regulatory scrutiny increases, particularly in the aftermath of significant market disruptions.
Heightened compliance as stablecoin competition tightensThe newly released court materials offer a rare look at the competitive dynamics between Circle and Tether, the leading stablecoin issuers by market capitalization. While Tether’s USDT dominates trading volumes worldwide, USDC has carved a niche among compliance-focused institutional users. The recent ban against Heka underscores how stablecoin rivalry now includes not just pricing competition but also platform restrictions and liquidity management strategies.
Regulatory experts emphasize that disputes such as this highlight the increasing importance of monitoring and compliance in the stablecoin space. Although Tether itself was not directly implicated in the transactions, growing attention from global regulators is prompting exchanges, investors, and issuers to bolster their market surveillance efforts as standards evolve.
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.
ABD, İran’a yönelik yaptırımlarında bu kez doğrudan kripto para altyapısını devreye soktu. Son üç ay içinde İran bağlantılı yaklaşık 475 milyon dolarlık USDT, stablecoin ihraççısı Tether’in kara liste mekanizması kullanılarak donduruldu.
Son hamlede ABD Hazine Bakanlığı’na bağlı Yabancı Varlıkları Kontrol Ofisi (OFAC), İran Merkez Bankası (Bank Markazi) ile bağlantılı olduğu belirtilen Tron ağı üzerindeki dört cüzdanı yaptırım listesine aldı. Bu cüzdanlarda bulunan yaklaşık 131 milyon dolarlık USDT artık transfer edilemiyor.
Nisan ayında yine İran bağlantılı iki farklı cüzdanda bulunan 344 milyon dolardan fazla USDT de aynı yöntemle dondurulmuştu. Böylece yalnızca son üç ayda erişimi engellenen toplam varlık yaklaşık 475 milyon dolara ulaştı.
Bu gelişme, ABD’nin finansal yaptırımlarda yalnızca bankaları değil, stablecoin ihraççılarını da aktif şekilde kullanmaya başladığını gösteriyor.
ABD Yaptırımlarını Artık Kripto Üzerinden de Uyguluyor ABD Hazine Bakanı Scott Bessent, söz konusu yaptırımların İran’ın uluslararası yaptırımları aşmak için kullandığı gelir ağlarını hedef aldığını söyledi.
Washington yönetimine göre İran, bankacılık sistemi dışında dolar bazlı varlık transferleri için kripto para altyapısından giderek daha fazla yararlanıyor.
Son yaptırımlar, ABD ile İran arasında Hürmüz Boğazı çevresinde yeniden yükselen askeri gerilimin ardından geldi. ABD Merkez Komutanlığı (CENTCOM), 14 Temmuz itibarıyla İran limanlarına yönelik deniz trafiğine yeni kısıtlamalar uygulanacağını açıklarken, İran’a ait bazı askeri hedeflere yönelik yeni operasyonlar da düzenlendiğini duyurdu.
ABD yönetimi, bu süreçte yalnızca cüzdanları değil, İran’ın kripto para ekosistemini oluşturan platformları da hedef alıyor.
Tether Freezes $131M In USDT Linked To Iran's IRGC
Tether has frozen four Tron wallet addresses holding roughly $131 million USDT, according to analyst Specter.
On chain data shows most funds were withdrawn from DTC Pay and Bitso. The wallets are tied to the IRGC and Iran's… https://t.co/YokFyB0NYk pic.twitter.com/Wsnl776l7f
— BSCN (@BSCNews) July 15, 2026
İran’ın Kripto Altyapısı da Hedefte ABD Hazine Bakanlığı, haziran ayında İran’ın en büyük kripto para borsaları arasında yer alan Nobitex, Bitpin, Ramzinex ve Wallex platformlarını da yaptırım listesine ekledi.
Hazine Bakanlığı verilerine göre yalnızca Nobitex, 2025 yılında İran’a giren kripto varlıkların yarısından fazlasını işledi. Yetkililer, platformun İran Merkez Bankası’nın yüz milyonlarca dolarlık stablecoin edinmesine aracılık ettiğini öne sürüyor.
Blockchain analiz şirketi Chainalysis’in verileri de İran’ın kripto kullanımındaki büyümeyi ortaya koyuyor.
Şirketin tahminlerine göre İran’ın kripto para ekosistemi 2025 yılı boyunca 7,78 milyar doların üzerinde işlem hacmine ulaştı. Yılın son çeyreğinde ise ülkenin kripto faaliyetlerinin yaklaşık yarısının Devrim Muhafızları Ordusu (IRGC) ile bağlantılı adresler üzerinden gerçekleştiği belirtildi. Bu adreslerin yıl boyunca aldığı kripto varlık miktarı 3 milyar doların üzerine çıktı.
ABD Hazine Bakanı Scott Bessent ise mayıs ayı sonunda yaptığı açıklamada, İran bağlantılı yaklaşık 1 milyar dolarlık kripto varlığın soruşturmalar kapsamında dondurulduğunu veya el konulduğunu ifade etmişti.
Tether Bu Cüzdanları Nasıl Dondurabiliyor? Bu gelişme, Bitcoin ile USDT arasındaki en önemli farkı da yeniden gündeme getirdi.
Bitcoin ağı merkezi bir şirket tarafından yönetilmediği için herhangi bir kurum tek taraflı olarak bir cüzdanı durduramıyor.
USDT ise Tether tarafından ihraç edilen merkezi bir stablecoin olduğu için şirket, akıllı sözleşme üzerinden belirli cüzdanları kara listeye alabiliyor.
Bu işlem blok zincirini değiştirmiyor ve cüzdan bakiyesi silinmiyor. Ancak kara listeye alınan adreslerde bulunan USDT’ler transfer edilemiyor, harcanamıyor veya başka bir cüzdana gönderilemiyor.
Tether, gerekli hukuki süreçlerin tamamlanması halinde dondurulan tokenları iptal ederek aynı miktarı farklı bir adrese yeniden ihraç edebilme yetkisine de sahip.
Tether’in Kolluk Kuvvetleriyle İş Birliği Büyüyor Şirket son yıllarda yaptırımlar ve kara para aklamayla mücadele kapsamında kamu kurumlarıyla iş birliğini önemli ölçüde artırdı.
Tether’in paylaştığı verilere göre şirket bugün 65 ülkede faaliyet gösteren 340’tan fazla kolluk kuvvetiyle çalışıyor.
Bu iş birlikleri kapsamında şimdiye kadar 2.300’den fazla soruşturmaya destek verildiği belirtilirken, toplam 4,4 milyar doların üzerinde dijital varlık donduruldu. Bunun 2,1 milyar dolardan fazlası ise ABD makamlarının talepleri doğrultusunda gerçekleştirildi.
Şirket ayrıca 2023 yılının sonunda OFAC yaptırım listesinde bulunan cüzdanları otomatik olarak kara listeye alma politikası benimsediğini açıklamış, ABD Gizli Servisi ile birlikte çalışmaya başladığını ve FBI’a da benzer erişim sağladığını duyurmuştu.
Yaklaşık 184 milyar dolarlık dolaşımdaki arzıyla dünyanın en büyük stablecoin’i olan USDT, bugün yalnızca kripto para borsalarında değil, küresel ödeme sistemlerinde ve sınır ötesi para transferlerinde de yoğun şekilde kullanılıyor.
Son gelişmeler ise stablecoin ihraççılarının artık yalnızca finansal sistemin değil, ülkeler arasındaki yaptırım mekanizmalarının da önemli bir parçası hâline geldiğini gösteriyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
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In brief OFAC sanctioned multiple wallets tied to Iran's central bank and the Iranian armed forces on Tuesday, resulting in Tether freezing over $131 million across four addresses on the Tron blockchain. On-chain analysts tracked the frozen funds to prior withdrawals from DTC Pay and Bitso. The Treasury separately sanctioned seven individuals and entities involved in a global Iranian weapons procurement network. The U.S. Treasury's Office of Foreign Assets Control sanctioned multiple cryptocurrency wallets tied to Iran's Central Bank and the Islamic Revolutionary Guard Corps on Tuesday, with stablecoin issuer Tether freezing over $131 million across four addresses on the Tron blockchain.
Treasury Secretary Scott Bessent confirmed the move in a post on X, vowing the U.S. would "aggressively follow the money and deny the Iranian regime access" to illicit funds. Separately, the Treasury sanctioned seven individuals linked to a global weapons procurement network for the Iranian armed forces, IRGC—including a Tehran-based drone parts supplier, a Nigerian intermediary, and Russian nationals tied to a Moscow aviation company.
.@USTreasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets. Today, Treasury’s Office of Foreign Assets Control sanctioned multiple wallets tied to the Central Bank of Iran, resulting in the freeze of over $130…
— Treasury Secretary Scott Bessent (@SecScottBessent) July 14, 2026
To understand why this matters, you have to understand how it works. USDT—a digital token issued by Tether pegged one-to-one to the U.S. dollar—runs on blockchains like Ethereum and Tron, outside the banking system Iran has been largely cut off from for years. Because Tether issues the token, it retains the ability to freeze specific wallet addresses at the software level, rendering the funds immovable.
On-chain analyst Specter on X identified the four frozen addresses before Bessent's announcement, tracing their links to both the IRGC and Iran's central bank. His analysis showed most of the funds had previously been withdrawn from DTC Pay, a payment service provider, and Bitso, a Latin American cryptocurrency exchange, before landing in the wallets OFAC ultimately sanctioned.
The wallet is linked OFAC sanctioned ISLAMIC REVOLUTIONARY GUARD CORPS (IRGC)- CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN (BANK MARKAZI JOMHOURI ISLAMI IRAN) pic.twitter.com/f0wlcHrYDR
— Specter (@SpecterAnalyst) July 14, 2026
Blockchain is what makes this enforcement possible—and what makes Iran's crypto workaround less safe than it looks. Transactions on public networks like Tron are permanently visible, and U.S. agencies work alongside analytics firms to trace how money moves. The more centralized a blockchain or crypto solution is, the more prone it is to being censored.
TRM Labs' Ari Redford told Bloomberg in April that law enforcement can "track and trace the flow of funds to build cases—and potentially seize them” when actors try to cash out at regulated exchanges, which must comply with US rules.
“It has become this cat and mouse game between the IRGC financial facilitators and National Security (Agencies) to try to stop Iran from offraping,” he said.
Iran has spent years building a crypto infrastructure to circumvent sanctions. The country legalized Bitcoin mining in 2019 and turned to USDT to stabilize a rial (its local fiat currency) in freefall and settle international trade. Blockchain analytics firm Chainalysis tracked nearly $8 billion in attributed Iranian crypto volume in 2026—TRM argues it’s almost $10 billion—with IRGC-associated addresses accounting for more than half of the country's inflows in the final quarter of that year.
Tuesday's freeze is the latest move in a campaign branded Operation Economic Fury. In April, Tether froze $344 million in USDT across two other Tron addresses tied to Iran's central bank. By May, Bessent said the U.S. had seized roughly $1 billion in Iranian crypto total since the campaign began. In June, the Treasury sanctioned Iran's four largest exchanges, including Nobitex, which alone processed more than half of the country's digital asset volume in 2025.
Tether says it now works with more than 340 law enforcement agencies across 65 countries and has frozen more than $4.4 billion in assets since it began coordinating with authorities, including more than $2.1 billion tied to US enforcement actions.
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OFAC sanctioned wallets tied to Iran’s central bank, freezing mostly Tether’s USDT on Tron, as a US-Iran ceasefire collapsed and Washington renewed a naval blockade.
Posted July 15, 2026 at 1:48 pm EST.
The US Treasury sanctioned multiple crypto wallets tied to the Central Bank of Iran on Tuesday, freezing more than $130 million in digital assets, most of it Tether’s USDT stablecoin held on the Tron network. Treasury Secretary Scott Bessent disclosed the action in a post on X, saying it is part of an effort to deny the Iranian government access to revenue from illicit activity.
“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,” Bessent said in the post. “We will continue to aggressively follow the money and deny the Iranian regime access to the proceeds of its illicit revenue schemes.”
The freeze was carried out through the Treasury’s Office of Foreign Assets Control, with Tether cooperating to freeze assets in the designated addresses.
Blockchain investigator Specter had flagged the freeze earlier on Tuesday, sharing on-chain data showing four Tron wallets holding about $131 million in USDT had been frozen.
‘Economic Fury’ The action appears to be the latest under Operation Economic Fury, the financial-pressure campaign against Iran that Washington launched in March last year. In April, US authorities had Tether lock roughly $344 million of USDT across two wallets, and Bessent said in May that the government had seized around $1 billion in Iranian crypto assets. Treasury previously sanctioned four Iranian crypto exchanges under the same effort.
The most recent action comes as a ceasefire between the US and Iran has collapsed. The U.S. has renewed a naval blockade of Iranian ports and announced fresh strikes, while Iran has launched drone attacks on a US-used air base in Jordan.
Related Listen: DEX in the City: Class Actions in Crypto Are on the Rise. Are They More Dangerous Than SEC Enforcement?
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
