A week of governance failures, structural shakeups, and infrastructure bets has reshaped the conversation across crypto’s major ecosystems. As reported in the weekly update from WuBlockchain, a malicious governance proposal drained roughly $20 million from the BonkDAO treasury, the Ethereum Foundation disbanded its Protocol Support team, and BNB Chain formally unveiled plans for a standalone AI‑focused Layer‑1. Each development points to a market in flux—where DAO security, core protocol coordination, and the infrastructure needed for AI on‑chain are being stress‑tested simultaneously.
The BonkDAO Governance Exploit A governance proposal that flew under the radar for six days stripped approximately $20 million worth of BONK tokens from the treasury. Only seven addresses cast votes; wallets linked to the attacker controlled 99.878% of the voting weight, according to SlowMist founder Yu Xian. PeckShield monitoring confirmed the drain and tracked roughly $148,000 in BONK being sent to an OKX deposit address. BONK’s price slid 9% intraday.
BonkDAO responded quickly, stating investigators had identified the exchange accounts used to acquire BONK before the proposal, and that the team is coordinating with exchanges, cross‑chain bridges, and the Solana Foundation. Law enforcement has been notified. The incident underscores how low‑participation governance votes—especially those with large treasury holdings—remain a structural weakness many DAOs have yet to solve. The speed with which funds moved through centralized rails also highlights the tension between on‑chain transparency and the off‑chain accountability that follows an exploit.
Ethereum Foundation Clears the Decks While the BonkDAO story unfolded, an internal reorganization at the Ethereum Foundation quietly removed a layer of coordination that had long supported protocol development. The Protocol Support team—which organized core developer calls, tracked upgrade progress, shepherded EIPs, and ran the Ethereum Protocol Fellowship—was disbanded as part of a wider organizational overhaul. The announcement came via the team’s own X account, and no immediate replacement structure was named.
The move raises practical questions about who will manage the coordination burden that keeps Ethereum’s multi‑client upgrade process on track. In a week where the Top 10 Blockchains by Developer Activity list still places Ethereum at the top, any thinning of the social scaffolding around core development deserves attention. Some community members see the restructuring as a push toward greater decentralization; others view it as a cost‑cutting exercise that could slow progress on upcoming upgrades.
BNB Chain’s AI‑Native Layer‑1 Separately, BNB Chain went public with plans for a new Layer‑1 blockchain purpose‑built for AI agent trading. The testnet is expected before the end of 2026, with mainnet deployment targeted for early 2027. Designed to run in parallel with the existing BNB Chain, the network promises sub‑50‑millisecond transaction preconfirmations, 100,000 TPS, and finality within one second—execution characteristics typically associated with centralized exchanges, but with on‑chain self‑custody and transparency.
The design eliminates the public mempool to mitigate front‑running and sandwich attacks, a feature that directly addresses the friction AI agents face when executing high‑frequency strategies on‑chain. BNB Chain CTO David Z framed the new chain as infrastructure engineered for trading velocity without sacrificing verifiability. The team also disclosed ongoing research into quantum‑resistant security, suggesting the chain’s roadmap accounts for long‑term cryptographic risks. As interest in deploying AI agents on‑chain grows, from scalable AI‑driven Web3 applications to autonomous trading bots, a dedicated execution layer could attract liquidity that currently sits on centralized venues.
Policy Shifts, Bridge Migrations, and the Fee Switch The week also brought a regulatory milestone and several protocol‑level moves. Polymarket, through affiliate Coming Home GBA LLC, filed for a Futures Commission Merchant license with the National Futures Association, seeking CFTC approval to offer non‑fully‑collateralized prediction market trading. The application signals Polymarket’s intent to attract more sophisticated capital under a formal regulatory framework—a step that could shift the perception of on‑chain prediction markets from grey‑market novelty to licensed financial infrastructure. This push arrives amid a turbulent legislative period for U.S. crypto, where the line between regulation and unlicensed activity is being redrawn.
On the DeFi side, Uniswap Labs proposed extending its UNIfication burn mechanism to v4 liquidity pools, requesting UNI holders to approve protocol fees on selected pools and divert a portion of revenue to UNI buybacks and burns. The snapshot vote runs from July 7 to 12, and on‑chain voting follows the week after. While community sentiment appears supportive, some LPs have raised concerns that the fee could push liquidity elsewhere. Meanwhile, Mantle completed its migration from LayerZero’s OFT standard to Chainlink CCIP’s CCT standard, joining over $7.2 billion in cross‑chain and wrapped assets that have shifted away from LayerZero since May. The migration wave, triggered by the Kelp bridge exploit earlier this year, underscores how security perceptions can rapidly redraw the cross‑chain infrastructure map.
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Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
BNB Agent Studio launched on July 1, 2026, on BNB Smart Chain, integrating Amazon Bedrock’s AgentCore as its managed cloud runtime. The result is autonomous AI agents that stay live around the clock, billed only when active, and completely independent of whatever machine a developer happens to be running.
Here’s the core pitch: a developer writes a single prompt inside familiar tools like Cursor or Claude Code, and a fully operational on-chain AI agent is live in under 15 minutes. Deploying autonomous agents on blockchain infrastructure historically involved days of configuration work, sometimes weeks, covering identity management, payment rails, task interfaces, and compute provisioning separately.
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Nina Rong, Executive Director of Growth at BNB Chain, framed it directly: with BNB Agent Studio, developers can dedicate their creativity and focus toward agent logic as the platform streamlines the underlying infrastructure requirements.
In practice, three open standards are doing the heavy lifting underneath. ERC-8004 handles on-chain identity, giving each agent a permanent, ownable digital presence on BNB Smart Chain. ERC-8183 defines the task interface, standardizing how agents receive and execute instructions. The x402 protocol manages self-funded payments, meaning agents can pay for their own operations without a developer manually topping up wallets.
The AWS Bedrock AgentCore integration is what makes the persistence story credible. Rather than running on a developer’s local machine or a self-managed server, agents execute inside isolated cloud environments managed by Amazon’s infrastructure. BNB Chain uses microVM technology for agent isolation, meaning each agent runs in its own sandboxed environment. The billing model follows a pay-per-use structure, with agents only charged for compute when they’re actually doing something.
AWS joins Trust Wallet and PieVerse as the platform’s anchor partners. Trust Wallet handles wallet integration, giving agents a native interface with the BNB Chain ecosystem. PieVerse provides payment infrastructure, sitting alongside the x402 protocol to support the agent economy.
Over 120,000 AI agents have already been created on BNB Smart Chain using the platform. A follow-up update on July 7, 2026, added real-time CoinMarketCap data access through Binance Pay’s B402 integration, meaning agents can now query live market data natively as part of their decision logic without developers building separate data pipeline connections.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
One key indicator that keeps BNB Chain at the top of the stablecoin market is active users. The network currently hosts about 15 million active stablecoin addresses each month, surpassing all rival blockchains in the market, according to recent data from Binance Research and Dune.
Staying dominantThe percentage of active stablecoin users on BNB Chain was much lower in 2021 than it is now. Since then, adoption has increased significantly, assisting the network in keeping its status as the most popular chain for stablecoin transactions. Although the user bases of Ethereum, Solana, and a number of other significant networks have grown as well, none of them currently match the address activity of BNB Chain.
The statistic initially presents an extremely optimistic picture. As the main means of trading, payments, transfers, and decentralized finance, stablecoins are frequently regarded as the cornerstone of on-chain activity. In general, a larger stablecoin user base indicates high liquidity and ecosystem engagement. But there is a significant caveat.
Capital concentration is not always correlated with active addresses. Although BNB Chain has the most users, it does not necessarily have the highest market capitalization, transaction value, or institutional adoption of stablecoins.
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Because of BNB Chain's accessibility and low fees, many users on the network carry out smaller transactions. Meanwhile, rival ecosystems like Ethereum, which have fewer active addresses, nevertheless attract sizable amounts of substantial capital flows.
The difference matters from a market standpoint. Investors should refrain from assuming that all active users contribute equally to economic value, even though high address activity indicates retail participation and network utility. This conflicting picture is reflected in BNB's price action. On the daily chart, BNB continues to face pressure despite the network's robust fundamental adoption metrics.
BNB's market performanceAfter months of lower highs and lower lows, the asset is now trading close to $573. The fact that the price is still below its 50-, 100-, and 200-day moving averages suggests that the general downward trend has not yet been broken. Although buyers have not yet generated enough momentum for a sustained breakout, the RSI has recovered toward the neutral 50 level, indicating that selling pressure is lessening.
BNB/USDT Chart by TradingViewStronger barriers at the 100-day and 200-day averages follow the immediate resistance, which is still close to the 50-day EMA at $579. The network's significance in the stablecoin economy is demonstrated by BNB Chain's continued impressive user activity leadership.
Virtual Protocol [VIRTUAL] attracted renewed market attention after its price surged 15.92% over the past 24 hours, reflecting growing investor confidence in a series of ecosystem developments.
The project migrated $700 million worth of VIRTUAL tokens from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
This aligns with a broader shift toward Chainlink’s cross-chain infrastructure after the recent KelpDAO exploit heightened security concerns across DeFi.
Investors rewarded the decision as a proactive step to strengthen interoperability and reduce cross-chain risks.
Interest also increased after Robinhood Chain integrated Virtuals’ AI agent infrastructure, allowing developers to launch, fund, own, and use tokenized AI agents from day one. The integration expanded Virtuals’ presence within the tokenized AI economy.
As confidence strengthened, buyers continued accumulating the token, supporting the rally and reinforcing the project’s long-term infrastructure narrative.
Volume surged as traders increased exposure on VIRTUAL Market participation accelerated sharply as speculative interest returned alongside the positive ecosystem updates.
At the time of press, VIRTUAL’s 24-hour trading volume jumped 385.69% to approximately $124 million, highlighting a significant rise in buying activity across exchanges.
Derivatives traders also increased exposure, with Open Interest climbing 35.85% to $70.33 million, indicating that fresh capital entered the futures market rather than existing positions simply rotating.
This combination suggested traders actively positioned for additional upside instead of closing previous contracts.
Rising spot activity alongside expanding Open Interest often reflected stronger conviction behind the move, although leveraged participation also increased the possibility of larger price swings.
If fresh demand continues supporting derivatives positioning, VIRTUAL could preserve its recent strength despite elevated speculative activity.
Source: CoinGlass Bears absorbed the largest liquidation losses The sharp rally quickly forced bearish traders out of their positions as liquidation data shifted heavily toward short sellers.
During the latest reporting period, short liquidations reached approximately $270,950, while long liquidations totaled about $95,160.
Binance recorded the largest share of short liquidations at roughly $157,830, followed by Hyperliquid with $47,180 and Bybit with $41,070.
These figures showed that the rapid upside move caught many leveraged bears on the wrong side of the market.
Long-side liquidations remained comparatively limited, suggesting buyers retained greater control throughout the session.
However, liquidation-driven rallies sometimes cooled after the largest short positions disappeared.
Additional buying demand would likely determine whether VIRTUAL could continue advancing once forced covering subsided.
Source: CoinGlass Breakout shifts focus toward key resistance VIRTUAL broke above its descending channel after spending several weeks respecting lower highs and lower lows.
The breakout carried the token from support near $0.5134 toward the important $0.6500 resistance zone, where buyers tested the next major barrier.
The Relative Strength Index climbed to 59.91, recovering from weaker readings and moving comfortably above the neutral level.
This improvement showed buying strength had increased without entering overbought territory.
Price also closed near $0.6284, leaving the recent breakout intact despite approaching resistance.
If buyers secure a decisive close above $0.6500, the recovery could extend toward the next higher resistance around $0.8000.
However, failure to overcome that barrier could encourage short-term profit-taking before another breakout attempt.
Source: TradingView Final Summary VIRTUAL’s ecosystem upgrades attracted fresh demand and reinforced confidence in the project’s long-term outlook. Rising Open Interest and short liquidations supported the breakout, while $0.65 remained the next hurdle.
Hedera-based lending protocol Bonzo Lend lost about $9.05 million after an attacker manipulated the price of SAUCE used as collateral. Bonzo Finance Labs said the incident began on July 11, 2026, when a wallet submitted a false SAUCE price to a third-party Supra oracle contract. The attacker deposited 250 SAUCE, worth only a few dollars, before the feed treated the tokens as highly valuable.
Summary
An attacker inflated SAUCE’s oracle price and borrowed assets worth about $9.05 million from Bonzo. Supra’s verifier accepted a zeroed signature, allowing the false price update to reach Hedera mainnet. Bonzo paused lending while teams pursue recovery, fixes, and the promised return of white-hat funds. Eight seconds after the false price reached the network, the wallet borrowed 6.63 million USDC and more than 34.5 million wrapped HBAR. Bonzo described the headline loss as “approximately $9.05 million.” The protocol paused Bonzo Lend at 01:41 UTC and stopped Bonzo Points later that morning. Bonzo Vaults, Bonzo Bridge, and single-sided BONZO staking continued operating.
Zeroed signature passed Supra’s verifier Bonzo’s incident report traced the event to Supra’s signature verification process. The update carried a zeroed signature instead of a valid signature from Supra’s oracle committee. Bonzo said the verifier failed to reject zero-value inputs before sending them to Hedera’s pairing system contract.
The pairing check returned true because both values represented the mathematical identity point. Supra’s contract then treated that result as proof of a valid committee signature. Bonzo said “no valid oracle signature was forged” and SAUCE’s real market price did not rise. Supra has since deployed a fix to the affected verifier contract on Hedera mainnet, according to the report.
Bonzo says its lending contracts followed their code Bonzo said its lending contracts read the manipulated value from the approved oracle feed and calculated borrowing power from that data. The team stated that the lending pool acted as designed after receiving the false input. Its report ruled out a Bonzo contract bug, a flash-loan attack, and normal market manipulation.
A second account borrowed about $1 million while the abnormal price remained active. That wallet later contacted the team and described itself as a white-hat responder. It said it planned to return the assets. Bonzo excluded that amount from its $9.05 million loss figure because recovery talks remain active. The published report had not confirmed the return.
Crypto.news tracked transfers before Bonzo confirmed the loss Before Bonzo released its findings,crypto.news reported that security researchers had tracked more than $5.8 million moving from Hedera to Ethereum. Researchers said the wallet bridged assets through LayerZero and converted part of the holdings from wrapped Bitcoin into Ether. HBAR fell more than 2% as the transfers continued.
Bonzo’s oracle documentation lists Supra feeds for SAUCE, HBARX, XSAUCE, DOVU, PACK, KARATE, STEAM, and HST against wrapped HBAR. The incident affected the SAUCE pair. Bonzo said legitimate publishing restored that price to about 0.1964 HBAR at 01:36 UTC, five minutes before the lending pool pause.
The later Bonzo report raised the confirmed principal taken by the main attacker to about $9.05 million. A Wu Blockchain post also shared the protocol’s findings. Bonzo Lend remains paused while Bonzo Finance Labs and the Bonzo Finance Foundation work with partners on asset recovery, repairs, and withdrawal plans for liquidity providers. The team has not set a date for reopening the lending pool.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Two hackers today spent a total of 11.71 million DAI to buy ETH.
According to Yu Jian Monitoring, two hackers purchased Ethereum today. The first hacker, who stole funds from Coinbase users, spent 7.378 million DAI to acquire 4,049.7 ETH in the early hours of today, at an average price of $1,822. The second is an address that received ETH from Tornado Cash last November; it spent 4.34 million DAI to repurchase 2,405 ETH two hours ago, at an average price of $1,804.
11 minutes ago
Polymarket's weekly revenue topped $11 million this week, hitting an all-time high.
According to Defillama data, Polymarket's weekly revenue exceeded $11 million this week, hitting an all-time high, while the protocol's cumulative revenue has surpassed $97 million.
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Robinhood Chain’s DEX trading volume exceeded $877 million over the past 24 hours, ranking second among all blockchains.
According to DefiLlama data, Robinhood Chain’s 24-hour DEX trading volume hit $877.6 million, ranking second among all blockchains—only trailing Solana’s $1.133 billion, while Ethereum’s mainnet came in third with $778 million in trading volume.
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The volume of ETH bridged from Ethereum Mainnet to Robinhood Chain has surged roughly tenfold in a week, surpassing $100 million.
According to Token Terminal data, over the past week, the volume of ETH bridged from Ethereum mainnet (L1) to Robinhood Chain (L2) has surged roughly 10-fold, surpassing $100 million. Robinhood Chain uses ETH as its native gas token, as noted. Token Terminal stated that if adoption of the chain continues to grow, it could become a new, significant source of demand for ETH.
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Binance Wallet has integrated Robinhood Chain.
According to official announcements, Binance Wallet has integrated Robinhood Chain. Users can directly access and trade tokens on Robinhood Chain via the Binance Wallet App and browser extension, delivering a more convenient multi-chain operation experience.
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Institutions: HBM4 prices could rise to $4–5 per thousand bits in the second half of this year.
DigiTimes reports that fueled by surging AI demand and structural production capacity bottlenecks, the price of next-generation HBM4 may jump from $2 per kilobit to $4–5 or higher in the second half of 2026. This is partly due to the extreme complexity of HBM4 manufacturing: its production cycle lasts four to six months, and initial yields are notably low. Additionally, HBM production consumes approximately three times the wafer capacity of standard DDR5 DRAM, severely restricting the total memory volume manufacturers can output at existing facilities. (Jinshi)
Solana has reclaimed the top position in global blockchain network activity, reflecting a surge in both on-chain participation and technical optimism for the network, as industry observers point to growing interest from developers, traders, and everyday users.
Solana outpaces rivals in network throughputIn a new set of rankings published by blockchain analytics company Chainspect, Solana registered a network throughput of 1,635 transactions per second (TPS), putting it well ahead of other major blockchains. Second place went to Internet Computer, which recorded 1,035 TPS.
These figures, provided for July 10, give both Solana and Internet Computer a clear lead over their nearest competitors. BNB Chain, widely used for decentralized applications and trading, processed only 179 TPS, while Aptos posted a similar TPS rate.
Other notable layer-1 and payment networks lacked comparable processing power. TRON and Stellar, focusing heavily on stablecoin and cross-border activity, processed between 130 and 150 TPS. Base, Polygon, Fogo, and Keeta Testnet each recorded under 100 TPS, signaling a significant gap with the top blockchains in terms of on-chain activity.
BlockchainTransactions Per Second (TPS)Solana1,635Internet Computer1,035BNB Chain179Aptos170–180TRON130–150Stellar130–150Base<100Polygon<100Fogo<100Keeta Testnet<100Analysts note that Solana’s ability to process large volumes of low-cost transactions has made the network attractive for both established and emerging projects, retaining high user and developer engagement even as market volatility persists.
The Internet Computer, developed by the DFINITY Foundation, maintains a strong presence as a scalable smart contract platform, but still trails Solana’s current throughput levels.
Mini dictionary: Chainspect, a blockchain data and analytics platform, provides real-time monitoring and comparative research on various blockchain networks’ performance and activity.
On-chain activity and technical indicators signal optimismAccording to analysts, signs of strong activity in Solana align with bullish technical developments. Ali Charts, a well-known market analyst, highlighted a renewed buy signal after Solana’s price climbed above $78 on June 30, triggering a positive SuperTrend reading for the first time in weeks. This technical setup is seen as reinforcing investor sentiment.
Ali Charts emphasized that a buy signal was generated on Solana after surpassing the $78 threshold, with the SuperTrend indicator turning bullish.
Supporting these bullish signals, on-chain data also points to major capital flow into long-term holding strategies. Between June 24 and July 3, about 1.5 million SOL tokens were withdrawn from exchanges, indicating that holders preferred to move their coins to secure self-custody rather than sell. In the same period, Solana’s network recorded an increase of 1.6 million wallet addresses, further suggesting rising participation.
Key resistance levels and market risksDespite bullish momentum, analysts caution that Solana faces significant resistance in the $79 to $85 range. The UTXO Realized Price Distribution data shows that around 105 million SOL have previously changed hands within this zone, posing a potential supply barrier if upward price movement continues.
According to technical projections, if Solana’s price breaks above the $85 level, further upside targets could be set at $100 and $127. Conversely, a decline below $74 may signal a reversal and increase the potential for a pullback down to the $53 support level.
On-chain and technical indicators both highlight the importance of the $85 resistance and the $74 support in determining short-term trends for Solana.
These developments unfold at a time when the broader crypto sector is searching for new growth drivers, adding focus to networks that demonstrate both robust user demand and technical capability.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Phantom, the self-custodial wallet that dominates Solana’s ecosystem, confirmed on July 12 that some users are experiencing degraded performance when trying to send tokens or execute swaps. The wallet’s other features, like checking balances, are reportedly working fine.
What we know so far Phantom’s public acknowledgment was brief and to the point: some users are hitting walls when attempting sends and swaps, the team is investigating, and updates will follow. The company hasn’t disclosed how many users are affected, which specific tokens or chains are involved, or what’s causing the degradation.
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Phantom supports multiple blockchains including Solana, Ethereum, Bitcoin, and Polygon. A send-and-swap issue could be chain-specific, or it could be something deeper in Phantom’s own infrastructure. Without clarity on the root cause, users are left guessing.
Phantom has been through this before. Back in April 2024, users reported similar frustrations with Solana token sends specifically. At the time, community feedback pointed fingers at network congestion and app updates as likely culprits. Whether the current situation shares the same DNA remains unclear.
Why this matters for the Solana ecosystem Originally built exclusively for Solana before expanding to other chains, Phantom has positioned itself as the go-to self-custodial option for anyone interacting with Solana-based DeFi protocols, NFT marketplaces, and meme coin markets.
Phantom competes with options like Solflare on Solana, MetaMask across EVM chains, and a growing roster of multi-chain wallets vying for market share.
For now, Phantom users who need to move funds urgently might consider using alternative wallet interfaces that connect to the same underlying accounts. Since Phantom is non-custodial, your assets aren’t locked inside the app itself. They’re on-chain, accessible through any compatible wallet that accepts your recovery phrase.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Two hackers today spent a total of 11.71 million DAI to buy ETH.
According to Yu Jian Monitoring, two hackers purchased Ethereum today. The first hacker, who stole funds from Coinbase users, spent 7.378 million DAI to acquire 4,049.7 ETH in the early hours of today, at an average price of $1,822. The second is an address that received ETH from Tornado Cash last November; it spent 4.34 million DAI to repurchase 2,405 ETH two hours ago, at an average price of $1,804.
1 minutes ago
Polymarket's weekly revenue topped $11 million this week, hitting an all-time high.
According to Defillama data, Polymarket's weekly revenue exceeded $11 million this week, hitting an all-time high, while the protocol's cumulative revenue has surpassed $97 million.
1 minutes ago
The volume of ETH bridged from Ethereum Mainnet to Robinhood Chain has surged roughly tenfold in a week, surpassing $100 million.
According to Token Terminal data, over the past week, the volume of ETH bridged from Ethereum mainnet (L1) to Robinhood Chain (L2) has surged roughly 10-fold, surpassing $100 million. Robinhood Chain uses ETH as its native gas token, as noted. Token Terminal stated that if adoption of the chain continues to grow, it could become a new, significant source of demand for ETH.
1 minutes ago
Binance Wallet has integrated Robinhood Chain.
According to official announcements, Binance Wallet has integrated Robinhood Chain. Users can directly access and trade tokens on Robinhood Chain via the Binance Wallet App and browser extension, delivering a more convenient multi-chain operation experience.
1 minutes ago
Institutions: HBM4 prices could rise to $4–5 per thousand bits in the second half of this year.
DigiTimes reports that fueled by surging AI demand and structural production capacity bottlenecks, the price of next-generation HBM4 may jump from $2 per kilobit to $4–5 or higher in the second half of 2026. This is partly due to the extreme complexity of HBM4 manufacturing: its production cycle lasts four to six months, and initial yields are notably low. Additionally, HBM production consumes approximately three times the wafer capacity of standard DDR5 DRAM, severely restricting the total memory volume manufacturers can output at existing facilities. (Jinshi)
1 minutes ago
The deadline for Bitcoin data limit proposal BIP-110 is approaching, with miner support for the proposal remaining near zero.
Bitcoin’s BIP-110 proposal is approaching its early August deadline, yet miner support for the measure remains below 1%, signaling significant resistance to the initiative. Officially titled “Temporary Soft Fork for Reducing Data”, BIP-110’s core controversy centers on restricting non-financial data on the Bitcoin blockchain. The proposal aims to cap OP_RETURN data capacity within a year, ban most arbitrary data exceeding 256 bytes from being written to the chain, and limit certain script formats primarily used for data storage. Supporters argue the plan would refocus the Bitcoin network on its payment function and reduce node operational burdens; opponents counter that it would escalate policy disputes over block space usage into consensus rule changes, effectively determining which transactions qualify as “acceptable”. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. Saylor remarked, “There are 110 things more dangerous than junk data”, adding that the proposal would “turn the junk data debate into a consensus change, invalidating some currently valid transactions that pay fees”. Back stated that if supporters cannot accept the status quo, they may choose to fork, but “Bitcoin will not join”. Data shows BIP-110 uses a user-activated soft fork mechanism with a 55% miner signaling threshold, though miner signaling rates have never topped roughly 1% to date, with the current cycle sitting at 0 and no major mining pools backing the measure. The share of nodes running BIP-110 software also remains in the single digits, primarily from Bitcoin Knots users. The proposal’s current signaling cycle will end around block height 959,615, with a voluntary lock-in period expected in early August and activation targeted for around September. If broad support is still absent by then, the initiative could result in a minority of nodes forming a separate chain.
Injective (INJ) is capturing renewed attention in the cryptocurrency market as analysts and traders highlight a recurring chart pattern that has preceded each of its past major bullish cycles.
Technical pattern signals potential rallyAnalyst Logical has pointed to a specific trading structure that has reliably appeared ahead of INJ’s strongest rallies. According to Logical, during the 2020–2021 market cycle, INJ surged approximately 4,898%, while the subsequent expansion saw gains of around 6,143%. Both of these large moves followed extended periods of price accumulation near cycle lows, staggered by decisive upward breaks through descending trendlines.
The latest weekly chart indicates this pattern is emerging again. INJ has spent several years retracing from its all-time highs, but now trades just above its long-term downward trendline and sits near the lower end of its historical price range. The token stays above crucial support zones, suggesting gradual accumulation by buyers may be under way.
Based on previous cycle durations and gains, market participants expect INJ could be entering a new growth phase—potentially targeting the $80 to $90 price range. However, analysts believe confirmation will require a clear breakout on the weekly chart, ideally accompanied by increasing volumes.
Market watchers highlight that signs of a third rally are visible, but emphasize that a confirmed breakout and stronger trading volumes are needed to validate this scenario. Without those triggers, the pattern remains an unproven projection at this stage.
Strengthening fundamentals underpin market optimismWhile technical patterns attract traders, ongoing expansion within the Injective ecosystem is also adding momentum to bullish expectations. CoinGecko has described Injective as an advanced Layer 1 blockchain focused on decentralized finance, offering streamlined trading, settlement, tokenization, and decentralized application creation on a single chain.
Since January 2025, Injective’s protocol has facilitated approximately $34.4 billion in derivatives trading volume and processed spot trades worth around $888 million. Of the total derivative activity, some $6.8 billion in volume is tied to real-world assets, accounting for about one-fifth of overall derivatives.
MetricValueDerivatives Volume (since Jan 2025)$34.4 billionSpot Volume (since Jan 2025)$888 millionReal-world Asset Derivatives$6.8 billionINJ Burned (since 2021)7.1 million tokens ($36.6 million)Protocol Profit (past year)$3.41 millionThe protocol’s rising transaction activity has generated approximately $3.41 million in profits for the chain over the past year. This performance places Injective among the ten most profitable Layer 1 blockchains, according to CoinGecko. Notably, the majority of these profits are directed toward community buybacks and token burns, with more than 7.1 million INJ removed from circulation since 2021—equivalent to $36.6 million in value.
Mini dictionary: Injective is a decentralized Layer 1 blockchain designed for finance applications. It offers a range of DeFi services such as derivatives trading, spot trading, and tokenization, enabling developers to build a variety of decentralized apps within its ecosystem.
Protocol updates and integration effortsThe pace of development may influence whether the breakout pattern continues along its historical route. The introduction of native USDC, as well as the integration of Circle’s Cross-Chain Transfer Protocol (CCTP), could further boost settlement activity on the Cosmos network, which is the broader ecosystem within which Injective operates.
In April, Bitnomial exchange listed INJ futures, joining the growing array of exchange-traded products linked to the token. Additional exchange listings may follow, as some issuers have filed applications in recent months. For now, traders await stronger confirmation of the technical breakout.
Analysts continue to remind participants that, while technical and fundamental conditions appear constructive, price projections remain speculative. The cryptocurrency market is characterized by high volatility and rapid trend changes, warranting a cautious approach to forecasts.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The Hedera network, an open enterprise-scale blockchain ecosystem, has recently experienced a notable security exploit. As a result, the Hedera network has lost a staggering $5.25M amount. As per the data from PeckShieldAlert, the exploiters have already bridged the stolen funds to Ethereum. Specifically, the attacker’s Ethereum wallet was first funded with just 1 $ETH from Tornado Cash, a popular crypto mixing service platform.
Attacker Bridges $5.25M to Ethereum after Hedera Exploit The Hedera network’s exploit has led to a huge loss, and the attacker has already bridged a notable $5.25M to Ethereum. In this respect, the exploiter utilized Tornado Cash to eliminate the trail of the stolen capital after shifting the funds to an Ethereum wallet. At the moment, the wallet reportedly holds approximately 2,360 $ETH.
Apart from that, the wallet also contains 15.58 $WBTC. Cumulatively, these holdings account for a total of $5.25M. The exploit has triggered apprehensions over blockchain security and the movements of assets across chains. The exploiter reportedly bridged the respective funds to Ethereum just following the exploit.
Hedera Yet to Disclose Exact Attack Vector This permitted the attacker to hold the stolen funds within the Ethereum network. Blockchain bridges allow the asset movement between diverse networks, but they can also enable the swift transactions of illegally obtained capital ahead of the start of recovery endeavors. As the exploiter used an Ethereum wallet, it provides the onlookers with clear on-chain records.
At the same time, blockchain analysts and researchers can also monitor the asset transfers in real time. Currently, Hedera has not revealed any extra technical details concerning the exploit, nor has it confirmed the exact attack vector. Overall, the market members will be keenly watching for future updates regarding the exploit from blockchain security entities and Hedera.
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Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Gate recorded $207 million in weekly net outflows as scrutiny grew over a reported $1.7 million theft. Bitrace traced 49.96 ETH, 746,475 HSK, and 1.565 million USDT withdrawn from the compromised account. Gate denied a system-wide breach, saying the security change request passed identity and review checks. Investigators linked the fund trail to Newpay, while recovery depends on police and third-party cooperation. Gate recorded about $207 million in net outflows over seven days as scrutiny increased over an alleged $1.7 million theft from a customer account. A July 11 Wu Blockchain snapshot placed the exchange second among centralized platforms for weekly outflows.
DeFiLlama: Gate Sees $207 Million Net Outflows in 7 Days After User Theft Incident
According to DeFiLlama data, Gate recorded $207 million in net outflows over the past 7 days amid fallout from a user theft incident, ranking second among CEXs by outflows. Binance led CEX inflows… pic.twitter.com/lTUdEd6ick
— Wu Blockchain (@WuBlockchain) July 11, 2026
Meanwhile, Binance led inflows with approximately $308 million. Considering that DeFiLlama uses a rolling window, its dashboard later showed Gate’s seven-day outflow widening to about $251 million. The platform tracked nearly $3.98 billion in assets.
The dispute began after @jheioff said an identity-verified account was taken over and emptied without authorization. Bitrace later reported withdrawals of 49.96 ETH, 746,475 HSK and 1.565 million USDT, valuing the combined loss near $1.7 million.
Gate Details Identity Checks Behind Security Change Request Account security settings reportedly changed between July 4 and July 6, after which five withdrawals were completed on July 7. The customer then discovered the missing funds on July 8 and promptly reported the incident.
Consequently, the timeline placed the exchange’s identity checks and account-recovery procedures under closer scrutiny. Gate, however, denied that the incident resulted from a platform-wide breach and released further details about the security change request.
According to the company, the applicant provided accurate identity information, historical trading records and an Alipay transaction recording. Gate also said the applicant’s IP address originated from the same region as the account’s recent activity.
In addition, the exchange said it sent email and SMS alerts when the application was submitted. The request subsequently underwent a two-day review period, followed by a 24-hour withdrawal restriction.
Gate said it received no objection during either window, although the customer later challenged the legitimacy of the process. Nevertheless, the exchange apologized for its initial public response, acknowledging that its tone failed to prioritize the customer’s concerns.
Following the criticism, Gate formed a task force involving its security, compliance, legal and business teams. At the same time, the company assisted with police documentation and began continuously monitoring the withdrawn assets on-chain.
Bitrace Traces Withdrawn Assets Through Newpay-Linked Wallet Bitrace said the assets were divided across several transactions before converging at an address associated with Newpay, a non-KYC payment service. The service is linked to the Xinbi ecosystem, giving investigators a possible destination for examination.
However, the analysis does not establish how the account was compromised or identify who controlled the receiving wallets. Gate said it contacted Tether and exchanges receiving the assets, seeking cooperation to freeze funds reaching identifiable platforms.
Nevertheless, recovery will depend on law enforcement action, judicial coordination and assistance from third-party services. The exchange-flow figures also require caution as DeFiLlama removes token-price movements when calculating changes in tracked balances.
Therefore, outflows may include customer transfers, internal wallet reorganizations or regulatory migrations rather than withdrawals linked to one incident. Binance’s positive weekly reading followed heavy monthly outflows around Europe’s July 1 MiCA deadline.
Meanwhile, Bybit progressively restricted its global platform for European Economic Area residents. Even with those factors, Gate’s seven-day outflow showed customer movement during increased attention around account security and withdrawal controls.
However, the data does not prove a solvency problem. Instead, it records a decline in tracked assets while the theft investigation and recovery efforts continue.
AI demand drives South Korean chip giant Samsung to accelerate production expansion, as its Yongin wafer fab plans to start mass production two years ahead of schedule.
Samsung Electronics plans to bring forward the mass production timeline of the first wafer fab at its Yongin semiconductor cluster in South Korea by two years, targeting to start operations in October 2029. Separately, SK Hynix is considering building new production facilities in the U.S., as AI demand drives South Korean semiconductor firms to accelerate expansion plans. Samsung originally planned to construct a total of six wafer fabs at the Yongin National Industrial Park, with the first unit scheduled to launch operations in 2031. Now, the South Korean government and Samsung have reached a consensus to advance the timeline to October 2029. The government will speed up the construction of key infrastructure including land development, power supply, and water resources to support the project’s early progress. For SK Hynix, following its successful listing on the NASDAQ on July 10, the company is weighing plans to build a new production base in the U.S. According to reports, SK Hynix has been studying the establishment of a semiconductor production hub in the U.S.—a region with a concentrated AI industry ecosystem—since the start of this year. Global storage chip leaders including Samsung Electronics and SK Hynix are ramping up production capacity to ease the chip supply crunch spurred by the AI sector. The South Korean government is also pushing for the development of new semiconductor industrial parks, and plans to accelerate project delivery by simplifying environmental assessments and optimizing approval processes. Industry insiders noted that while market concerns linger over a peak in the semiconductor cycle, current demand for chip production capacity remains robust. To compete for industrial dominance in the AI era, expanding semiconductor manufacturing capacity has become a key priority.
19 minutes ago
Analyst: US and Iran refuse to back down, Strait of Hormuz could become a "long-term powder keg"
Ian Ralby, senior research fellow at the Maritime Strategic Center and president of Auxilium Worldwide, warned that the war between the U.S. and Iran over the Strait of Hormuz cannot be resolved via military means, adding that ongoing fighting will only drive up global fuel and food costs. One side has the willingness to continue fighting, while the other is intent on further undermining and weakening its opponent’s capabilities. This in itself is the formula for the conflict to persist. Unfortunately, this could mean long-term problems for the Strait of Hormuz as a navigable waterway. Parties affected by the conflict may push for the resumption of diplomatic processes between the U.S. and Iran, but changing this dynamic will be difficult, as both sides are volatile and hold deeply entrenched interests tied to success and victory. Unfortunately, the U.S. has a very flexible definition of victory; for Iran, meanwhile, there is now a very clear desire to exact some form of retaliation for all that has occurred, a mindset that fuels prolonged violent conflict. (Jin10)
19 minutes ago
Eric Trump: ETH is surging strongly, and cryptocurrency is the future.
Eric Trump, the second son of Donald Trump, posted on X: "ETH is surging strongly! Glad to see this! Cryptocurrency is the future."
19 minutes ago
An address linked to suspected hackers spent $11.59 million to purchase 6,358 ETH.
According to monitoring by Onchain Lens, two on-chain addresses suspected to belong to the same entity purchased 6,358 ETH for approximately 11.59 million DAI, at an average transaction price of around $1,823. Onchain Lens stated that the relevant funds may belong to hackers, and the involved addresses are 0x18B44C68eA2Cd6B1E59731af8e49E62e90E92E66 and 0x5657de5CeBC75eca6B97a99A864a3ef07ed11e55.
19 minutes ago
Crypto Debit Card Test: Ether.fi Boasts Lowest Overall Cost, Plasma and Backpack Rank Second and Third Respectively
Crypto KOL Nikita disclosed that he tested the same €9.69 transaction across six crypto debit cards in Europe: Ether.fi, Plasma, Backpack, Lava, Jup Mobile, and KAST. After accounting for exchange rates, fees, and cashback, Ether.fi ranked first with an actual cost of $10.72, Plasma came second at $10.93, and Backpack placed third at $11.07. The test found that actual transaction costs varied by roughly 5% across the cards, driven mainly by foreign exchange spreads, fees, and cashback mechanisms. Ether.fi claimed the top spot for the second consecutive test thanks to its competitive exchange rates and on-chain cashback; Plasma, while its exchange rate lagged behind some newer offerings, held onto second place via its 3% cashback. KAST, due to unfavorable exchange rates and extra fees, was the most costly product in the test for the second straight time.
19 minutes ago
World Cup semi-finalists confirmed: France temporarily tops the championship favorites with a 39% win probability.
With all four semi-finalists of the 2026 US-Canada-Mexico World Cup confirmed, prediction market platform Predict.fun has updated its latest World Cup winner market accordingly. As of press time, the market assigns Argentina a roughly 20% chance to lift the FIFA World Cup trophy, France 39%, Spain 19%, and England 20%, with traders overall favoring France to win the tournament. The four semi-finalists are Argentina, France, Spain, and England, all traditional powerhouses in global football. Argentina and France are expected to maintain their strong form from the past two World Cups, Spain advanced to the last four behind a young squad, while England returned to the semi-finals led by key players including Harry Kane and Jude Bellingham. As the tournament enters the semi-final stage, trading activity in the prediction market for the champion continues to surge, and each team’s championship odds will adjust in real time as matches unfold.
Sui, a Layer 1 blockchain developed by Mysten Labs and known for its scalability features, is gaining momentum as new data from its AI-powered network test reveals record-breaking transaction processing speeds. The SUI token, the native asset of the network, is trading at $0.7464 with a 24-hour volume of $157.76 million, pushing its market capitalization to $3.02 billion. After climbing 1.34% in the last 24 hours, analysts are watching closely for a potential bullish breakout.
SUI price approaches resistance, eyes breakout targetAs SUI steadily recovers from previous dips, crypto analyst Michaël van de Poppe observed that the coin maintains a bullish momentum. He noted that sustained buying activity and increasing trading volumes reflect growing investor confidence in the blockchain’s future. If SUI surpasses the pivotal $0.82 resistance level, analysts believe the price could retest the $1 mark, with $1.20 identified as a further upside target.
Sustained accumulation and a surge in trading activity could pave the way for SUI to break above $0.82 and initiate a new uptrend, potentially pushing the price to $1 and higher resistance levels at $1.20.
Key resistance points remain at $0.82, $1.00, and $1.20, historically significant marks from previous rallies. Market sentiment and overall strength in assets like BTC are contributing to renewed optimism.
Investors and traders are closely following SUI price action, looking for technical confirmation of a breakout that could establish a new bullish trend.
Price LevelStatusSignificance$0.82ResistanceBreakout trigger$1.00ResistancePsychological mark$1.20ResistancePrevious rally peakAI-powered Sui network test sets TPS recordSui recently completed a high-profile experiment using its Tunnels AI agent, aiming to showcase the network’s scalability under AI-driven workloads. The initial target for the test was 1 million transactions per second (TPS), a figure that would already place Sui at the top tier among blockchains. However, the AI agent achieved 6,086,766 TPS in the test environment, demonstrating the network’s capability to handle unprecedented throughput levels.
These results highlight Sui’s aim to support large-scale, high-performance Web3 applications that leverage artificial intelligence. The test was conducted off-mainnet, but developers view it as a major step toward bringing advanced AI and agentic operations to decentralized networks. The platform’s commitment to integrating artificial intelligence is seen as a driver for both price and technological growth.
Mini dictionary: Tunnels AI agent — An artificial intelligence-driven module developed for Sui to automate and maximize blockchain throughput by orchestrating high-frequency transaction processing. AI agents like this serve as a proof of concept for advanced smart contract and infrastructure automation within Web3 ecosystems.
Outlook: Adoption, upgrades, and key levelsBeyond technical performance, Sui continues to work on implementing AI enhancements across its network. The blockchain’s ability to achieve high TPS figures and support complex, AI-driven applications may attract further attention from developers and investors.
The next moves for SUI depend on a successful breach of the $0.82 resistance. If achieved, traders might expect moves toward $1.00 and $1.20. The broader market trend, especially upward momentum in BTC, could also play an important role in the asset’s trajectory.
Investors will monitor ongoing network developments, trading dynamics, and sentiment shifts as they assess the prospects for continued bullish price action.
Network scalability and AI integration will be crucial drivers for SUI’s appeal among both developers and financial markets, making the project a focal point in ongoing blockchain innovation discussions.
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.
Lighter [LIT] has rallied by 3.68% in the last 24 hours with a daily trading volume spike of 13.52%. Over the past week alone, the token rallied by 18%.
In a recent report, AMBCrypto warned that the token was potentially overbought and might see a correction toward $2. Now, in the days after, LIT did fall by around 13% to reach $2.3. However, it has since climbed back to $2.60 once more.
Source: Etherscan In a post on X, Lighter revealed the burn of just over 15.6 million LIT tokens, worth more than $42 million. It represented approximately 6.3% of the LIT circulating supply of 250 million tokens and 1.5% of the total supply of 1 billion.
This massive burn on 10th of July could have sparked short-term bullish momentum for the altcoin. In fact, the price action showed that a move towards $3 might not be far.
Why Lighter price trends might be overextended Source: LIT/USDT on TradingView The 1-day chart revealed a bearish divergence. The RSI made a lower high while the price made a higher high, a classic bearish divergence. The volume trends were steadily bullish, but the bearish momentum divergence warned of a potential price pullback.
Despite the divergence though, demand for the altcoin has been strong.
Based on the swing move higher from $0.83 to $2.76, Fibonacci retracement levels were plotted.
If LIT falls below $2.30, the 23.6% Fibonacci retracement level, swing traders and investors can wait for a deeper retracement. Patience is required until then.
Traders’ call to action – Play the range Source: LIT/USDT on TradingView The 1-day chart warned of a pullback. The 4-hour chart showed a range formation between $2.31 and $2.68 form. Neither extreme of the range has been breached so far after two tries in July.
Traders can wait for a bullish breakout past $2.70 to buy LIT, targeting $3.06 and $3.21. On the other hand, a breakdown below the $2.31 range low, and the 23.6% Fibonacci retracement level on the 1-day timeframe at $2.30, would indicate a pullback below $2 was becoming more likely.
Final Summary Demand and bullish momentum for Lighter continued to hold sway, despite a bearish momentum divergence signal. Traders would want to watch the short-term range formation for clues on the next impulse move’s direction.
According to Defillama data, Polymarket generated $1.88 million in revenue over the past 24 hours, surpassing Canton and Hyperliquid to rank as the 3rd highest-earning crypto protocol. The protocol’s cumulative revenue has exceeded $94 million.
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Predict.fun World Cup Knockout Stage: England’s qualification probability stands at 64%, while Norway only secures 35% market support.
Data from prediction market platform Predict.fun shows that the upcoming 2026 FIFA World Cup quarterfinal will pit Norway against England. As of press time, the market assigns England a roughly 64% probability of advancing, while Norway’s advancement odds stand at around 35%. Notably, Norway, making its first-ever appearance in the World Cup quarterfinals, has already notched its best result in team history. The side’s top striker Haaland has netted 7 goals in the tournament, including a brace in just 11 minutes during the previous round to help Norway eliminate Brazil. For England, Kane has contributed 6 goals, with players like Bellingham and Gordon also consistently chipping in offensively. However, England has conceded goals in two straight knockout matches. Against the in-form Haaland, containing his performance will be the key to deciding the match’s winner.
8 hours ago
US Bitcoin and Ethereum spot ETFs both ended their 8-week consecutive outflows, posting a combined net inflow of $281.8 million this week.
U.S. spot Bitcoin and Ethereum ETFs recorded a combined net inflow of $281.8 million this week, ending an 8-week streak of outflows that began in early May. Specifically, U.S. spot Bitcoin ETFs saw a net inflow of roughly $197.4 million last week, putting an end to their own 8-week outflow cycle. Prior to this, Bitcoin ETFs had logged a cumulative outflow of about $8.26 billion over those 8 weeks—the longest consecutive outflow period since they started trading in January 2024. Ethereum spot ETFs, meanwhile, posted a net inflow of approximately $84.4 million last week, also wrapping up 8 straight weeks of outflows. Before that, Ethereum ETFs had seen roughly $1.2 billion in outflows over 8 weeks, matching the all-time longest outflow record set between February and April 2025. The current rebound remains modest relative to the earlier outflows: Bitcoin ETFs have recouped only around 2.4% of the funds lost in the prior 8-week period, while Ethereum ETFs have recovered roughly 7%. As of early 2026, Bitcoin ETFs have a year-to-date net outflow of about $5.34 billion, and Ethereum ETFs have a year-to-date net outflow of approximately $1.35 billion.
8 hours ago
JPMorgan Chase is testing an AI investment agent that can autonomously adjust stock and bond allocations.
JPMorgan Chase is testing AI agents that can autonomously adjust the proportion of stock and bond investments to dynamically rebalance portfolios based on changes in market conditions. Test results show that in a 20-year historical backtest, the best-performing AI model delivered an annualized return 0.7 percentage points higher than the traditional "60/40" stock-bond portfolio, while also boasting lower volatility. All 8 AI agents tested by JPMorgan achieved higher risk-adjusted returns. However, the bank noted that the results are still based on simulated tests and do not represent actual investment performance. JPMorgan also warned that large-scale adoption of AI could lead to convergence of trading strategies, increase crowded trades, and amplify market volatility under stressed conditions.
8 hours ago
Yangtze Memory Technologies announced its IPO advisory team, comprising a total of 31 members from CITIC Securities and China Securities Co., Ltd.
The China Securities Regulatory Commission (CSRC) official website updated the first-phase progress report on Changjiang Storage’s IPO counseling work on July 10. A total of 31 personnel from two securities firms, CITIC Securities and China Securities Construction Investment, form the counseling team. The current counseling period runs from May 19 to June 30, 2026, with work carried out via multiple methods including on-site due diligence, centralized training sessions, and targeted issue communications. The next phase of counseling will focus on two areas: First, for issues identified during the process, coordinate timely discussions between intermediaries and the company, develop standardization plans, and urge the counseled entity to fully implement rectification requirements. The working group will also continue to push the company to improve its corporate governance and internal control systems, enhancing its standardized operation level. Second, urge the company to thoroughly understand laws, regulations and rules related to issuance, listing and standardized operation, and clarify its responsibilities and obligations in areas such as information disclosure and fulfillment of commitments. (Jinshi)
8 hours ago
Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.
Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.
8 hours ago
The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.
Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.
The price of Hyperliquid’s native token, HYPE, recently retreated from its peak near $76-$77, but analysts maintain that the overall trend remains positive as long as key technical supports hold.
Key technical structure supports bullish outlookOn the 4-hour HYPEUSDT chart, market analyst CH_Indicator noted that HYPE continues to trade above the 200-period Exponential Moving Average (EMA), a widely watched indicator for medium- and long-term trend direction. According to CH_Indicator, this ongoing strength in the market structure indicates that bullish momentum remains intact.
The analyst identified a recent pullback towards $66.93 as a retest of multiple Fair Value Gaps (FVGs) created during HYPE’s earlier rally to $72. Fair Value Gaps are often seen in technical analysis as zones where the price may revisit to balance order flow and liquidity before undertaking its next move.
CH_Indicator stated,
The market is showing a solid macro bullish structure, heavily supported by the 200 EMA dynamic filter.
As long as HYPE maintains levels above its recent higher low, the bullish setup should remain valid. Technical weakness would be signaled by a decisive close beneath approximately $58.50, while a breakout above $77.50 could trigger the next expansion phase. Above that threshold, technical analysis points to a potential upside target between $89.00 and $92.50, where the next significant liquidity concentration is expected.
Mini dictionary: Fair Value Gap (FVG) — In technical analysis, an FVG is an area on a price chart where little or no trading occurred, often seen as a zone that prices may revisit to correct imbalances in liquidity.
HYPE outpaces leading cryptocurrenciesRecent research from BSCNews, referencing data by ElanInsights, shows HYPE has significantly outperformed a basket of the top 10 cryptocurrencies over the past year. The divergence became especially pronounced in June 2026, as HYPE recorded an 88% gain, while the comparison basket saw a 39% decline for the same period.
Performance data indicates that since late January, HYPE’s upward trajectory has remained stronger than the broader market, even during periods of widespread weakness. The Hyperliquid protocol, a Layer-1 blockchain specializing in decentralized perpetual futures trading, continues to benefit from robust trading activity, token buybacks, and increasing institutional attention. With cumulative trading volume surpassing $1 trillion and recent inclusion in major crypto indices, the project’s prominence has grown steadily.
Mini dictionary: Hyperliquid — A Layer-1 blockchain network focused on decentralized perpetual futures trading. The platform is known for its strong trading activity and mechanisms that direct trading-fee revenue toward token buybacks.
AssetPerformance (June 2026)HYPE+88%Top 10 crypto basket-39%Analysts monitor $70–$77 resistanceTechnical analyst cryptoastro0x highlighted a narrowing price formation on HYPE’s daily timeframe, as converging trendlines signal lower volatility. The analysis points to the $70–$71 region as a hurdle that must be regained before tackling resistance near $75.30. A move above these levels would further validate the bullish scenario, particularly after HYPE broke out of a descending channel on the 4-hour chart.
For immediate support, the $65–$66 area is seen as critical. Should HYPE fall below this zone, risk of a correction towards $58–$60 would increase, in line with other analysts’ key invalidation levels. Rather than pre-empting the next trend, cryptoastro0x emphasized waiting for price confirmation before taking new positions.
Moving averages favor the uptrendAccording to TradingView’s technical summary, HYPEUSDT holds a “Buy” rating, underpinned by moving-average configurations across all time horizons, including the 10, 20, 30, 50, 100, and 200 periods. This alignment typically characterizes a market in a solid uptrend.
Momentum oscillators, such as the Relative Strength Index (RSI), MACD, Stochastic, ADX, CCI, and Williams %R, register neutral readings, hinting at a balanced standoff between buyers and sellers. TradingView did not provide individual numeric values for some indicators due to a closed market snapshot. Neutral readings suggest a potential consolidation phase after recent gains, leaving open the prospect of renewed momentum once a direction is established.
HYPE price prediction: Key levels to watchWhile HYPE remains above the 200 EMA and Technical Buy ratings persist, analysts see the token in the midst of a bullish trend, despite current consolidation. Multiple observers identify the present retest of the Fair Value Gap as consistent with a healthy pause in a larger uptrend, rather than the start of a reversal.
Key levels include support at $66–$67 and resistance at $70–$71. If HYPE can maintain support and produce a sustained move above $77.50, analysts are focused on the next possible target between $89.00 and $92.50. A closing price below $58.50, however, would negate the current bullish structure and prioritize a deeper corrective move.
The immediate focus is whether HYPE can defend support above $66 while reclaiming $70–$71, setting up for a decisive push toward the $77.50 breakout zone.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Someone filed a lawsuit in New York trying to claim ownership of 39,069 dormant Bitcoin addresses. The Bitcoin Policy Institute would very much like them to not succeed.
BPI, a non-partisan think tank focused on Bitcoin policy, has filed a motion to intervene in a New York County Supreme Court case that could redefine what it means to “own” Bitcoin you haven’t touched in a while. The case, filed in May 2026 by a pseudonymous plaintiff called “Noah Doe” alongside two Wyoming entities, argues that Bitcoin sitting untouched in wallets for five to six years qualifies as abandoned property under New York Personal Property Law Article 7-B.
The estimated holdings in those dormant wallets: approximately 3.7 million BTC. At the time of filing, that stash was valued somewhere between $237 billion and $293 billion.
The legal theory, and why it matters BPI’s position is straightforward. Self-custodied Bitcoin isn’t abandoned just because it hasn’t moved on-chain recently. The whole point of self-custody is that you hold your own keys, on your own timeline, without needing to prove to anyone that you’re still paying attention.
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The Digital Chamber, a prominent blockchain advocacy group, filed an amicus brief on July 6 supporting BPI’s stance. Their argument cuts to the core concern: if a court accepts the idea that dormant wallets are abandoned property, it creates legal jeopardy over title for every self-custodied wallet in existence.
Cracks in the plaintiff’s case The lawsuit has already gotten smaller. Some of the originally targeted wallets have shown on-chain movement since the case was filed, which forced the plaintiffs to narrow their claims.
This detail is quietly devastating to the abandonment argument. Bitcoin wallets don’t come with expiration dates. There’s no mechanism in the protocol that transfers ownership after a period of inactivity. The blockchain doesn’t care whether you last moved your coins five minutes ago or five years ago.
BPI filed its motion to intervene in early July 2026, recognizing that this case could set a far-reaching precedent affecting property rights worth hundreds of billions of dollars.
What this means for investors If you hold Bitcoin in a self-custodied wallet, this case should be on your radar. A ruling in favor of the plaintiffs wouldn’t just affect dormant wallets. It would fundamentally alter the legal landscape around Bitcoin ownership in New York, and potentially beyond.
On the other hand, a ruling that self-custodied Bitcoin cannot be classified as abandoned property would be a landmark win for digital property rights. It would reinforce the legal legitimacy of long-term holding strategies and provide clarity that has been conspicuously absent from US digital asset law.
The BPI and Digital Chamber interventions signal that the crypto industry isn’t going to let this question be answered quietly. With nearly 3.7 million BTC potentially at stake and a legal precedent that could ripple across every jurisdiction in the country, this New York courtroom has become ground zero for the future of digital property rights.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The cryptocurrency market is a 24/7 arena filled with constant motion and instant changes. While you’re asleep at midnight, Bitcoin’s price can suddenly surge, or while you’re sitting in a meeting, your favorite altcoin might hit a local bottom. In such a fast-moving market, gaining an edge requires one essential thing: a smart assistant that delivers complete, real-time data without delay. This is exactly where a lightweight yet highly capable app steps in available on both iOS and Android, natively supporting English, Spanish and Turkish, and removing the hassle of mandatory sign-ups: CryptoAppsy.
Everything on a Single ScreenFrom the moment you open the app, you’re greeted with real-time prices for thousands of cryptocurrencies from Bitcoin to the latest newly launched altcoins. CryptoAppsy processes data pulled from global exchanges within milliseconds and delivers automatic updates every 5 seconds. This ensures you never miss arbitrage opportunities and can catch sudden price movements the moment they happen.
In the Dashboard tab, you can view your favorites, portfolio, price alerts, and personalized news all on a single screen and updated automatically in real time. Instead of jumping between multiple exchanges or pages, you stay focused on the assets that matter most to you. Below, you can see examples of the price and dashboard screens.
Crypto & USD Earning Opportunities Are Waiting for You!New rewards and surprise opportunities are added to the app every day. You can instantly check today’s special offers on the Deals page and follow regularly refreshed chances to earn crypto and USD. Don’t forget to tap the icon in the top-right corner of the app and check it frequently luck can strike at any moment!
A Feature You Won’t Find Elsewhere: Multi-Currency Portfolio ManagementCryptoAppsy also offers a smart portfolio management tool designed to help you track your investments holistically. When you manually define your portfolio within the app, your total asset value is automatically recalculated every 5 seconds using live exchange rates. There’s no need to create spreadsheets to see your performance your real-time profit and loss figures are always visible on screen.
What truly sets CryptoAppsy apart is its unique multi-currency support. Even if you purchased different coins using different fiat currencies such as USD, TRY, EUR, JPY, GBP, CNY, AUD, CAD, CHF, HKD, or SGD all your positions are tracked simultaneously and presented as a total portfolio value in any fiat currency you choose. For example, even if you bought BTC in USD and ETH in GBP, the app instantly aggregates everything using live rates and displays your total value in USD, EUR, or any supported currency. This level of flexibility is a major convenience rarely found in similar apps.
A News Feed Tailored to Your PortfolioIn the crypto world, information is just as valuable as capital. However, cutting through the noise can be difficult. CryptoAppsy solves this with its integrated News section. The app delivers up-to-date news summaries in the language you’re using Turkish, English, or Spanish curated by experienced editors from dozens of trusted sources and presented in clear, concise formats.
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Discover Newly Launched Coins InstantlyThe Index tab features comprehensive crypto market data along with newly listed cryptocurrencies. Coins that are freshly listed on exchanges appear instantly, giving you first-hand access to details such as launch time, price, volume, market capitalization, and even the blockchain they’re built on. By discovering new projects early before prices peak you gain the opportunity to position yourself ahead of the market. Advanced chart views also allow you to review historical data with just a few taps and analyze trends effortlessly.
Key Macroeconomic Indicators at a GlanceWithin the Index section, CryptoAppsy also includes a Macro Data card. Here, you can track the most important indicators affecting crypto markets, such as upcoming Federal Reserve meeting dates, Fed interest rate expectations, U.S. 10-year Treasury yields, the DXY dollar index, and U.S. unemployment rates. Each data point is interactive, allowing you to view historical charts with a single tap.
Smart Price AlertsIn crypto markets, anything can happen at any moment and it’s not always possible to stay glued to a screen. That’s why CryptoAppsy offers advanced 🔔 smart price alerts. When a cryptocurrency reaches a price level you’ve set, the app sends you an instant push notification. Whether it’s a sudden surge or a sharp drop, you’re informed immediately even if you’re fast asleep at night. These alerts help users avoid emotional decision-making and stay aligned with their predefined strategies. Even when the app isn’t open, CryptoAppsy continues monitoring the market in the background, standing guard on your behalf so you never miss an opportunity.
What Users Say: A 5.0/5 Rated ExperienceUser feedback clearly confirms the value CryptoAppsy delivers. With ⭐5.0 on the App Store and ⭐4.7 on Google Play, reviews frequently highlight phrases like “perfect for beginners,” “excellent news summaries,” “clean and eye-friendly design,” and “no need for another app.” Many users also note that fast notifications help them act on opportunities without delay. This high satisfaction shows that CryptoAppsy is a reliable and practical solution for both newcomers and active traders alike.
Thanks to its intuitive design, even first-time users can navigate CryptoAppsy without wondering, “What should I do next?” The interface is simple and beginner-friendly, while remaining fast and performance-focused for experienced traders. Its lightweight structure ensures smooth operation even on older devices. There’s no email verification or registration required just download the app and start tracking the market within seconds. Beginners can explore confidently, while professionals benefit from the speed required when milliseconds matter.
Whether you’re preparing to make your first crypto investment or actively trading on a daily basis, CryptoAppsy is the ideal companion for simplifying market complexity and saving you time. With real-time prices, personalized portfolio tracking, smart alerts, clean and live news feeds, and instant access to newly listed coins, CryptoAppsy stands out from the competition. Download CryptoAppsy now from the App Store or Google Play, take control of the crypto market, and start seizing opportunities today.
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.
Polymarket’s 5-minute Bitcoin prediction markets have become the crypto world’s fastest casino, and the house advantage belongs to whoever has the fastest bot. The platform’s binary contracts, which let traders bet on whether Bitcoin will be up or down at the end of each 5-minute window, have racked up $4 billion in cumulative trading volume since launching on February 12, 2026.
Traders are synchronizing Polymarket positions with spot Bitcoin trades in the final seconds of each 5-minute interval, effectively nudging the price just enough to tip the contract outcome in their favor. In English: they’re buying the prediction market equivalent of “Bitcoin goes up,” then actually pushing Bitcoin’s price up with a well-timed spot trade right before the clock runs out.
The speed gap is the whole game High-frequency trading firms, AI-powered bots, and algorithmic agents have flooded into Polymarket’s shortest-duration product. The first week alone generated roughly $200 million in volume, a pace that made clear this wasn’t a niche curiosity.
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Retail traders trying to compete face a brutal math problem. Market spreads on these contracts range from 2 to 5 cents, which might sound trivial until you consider the contracts are priced around $0.50. The standard fee runs approximately 1.56% at the $0.50 pricing level. Reported average win rates for live trading bots tell the story with uncomfortable clarity: 25% to 27% below breakeven.
How the manipulation works A trader takes a position on Polymarket predicting Bitcoin will finish the 5-minute window above its starting price. With seconds remaining, that same trader places a spot Bitcoin buy order large enough to push the price in the desired direction. The Chainlink oracle that Polymarket uses for price resolution and settlement captures that final-second price, the contract resolves in the manipulator’s favor, and the payout arrives.
For the prediction market industry, the manipulation concerns raise questions about settlement mechanism design. Using a single price snapshot from a Chainlink oracle at the exact end of a 5-minute window creates a precise target for manipulation. Alternative approaches, like using a time-weighted average price over the final 30 seconds, could raise the cost and complexity of gaming the settlement.
The bigger picture for prediction markets The 5-minute Bitcoin contracts have cannibalized longer-duration contracts on the platform, pulling volume and attention toward the shortest possible timeframes.
What this means for investors For retail traders tempted by the apparent simplicity of a binary up-or-down bet, the combination of spreads, fees, and speed disadvantages creates a structural edge for automated participants that individual traders cannot realistically overcome. The $4 billion in cumulative volume proves demand exists. The question is whether that demand can be served in a way that doesn’t systematically disadvantage the majority of participants.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Another analyst outlined the significance of $82,000 as a trend-changer.
Despite gaining over 10% since its recent multi-year low at under $58,000, bitcoin is still not out of the woods yet as the bears continue to dominate, said Ali Martinez.
Meanwhile, fellow analyst Ted Pillows believes BTC, alongside the S&P 500, is poised for more losses, but the cryptocurrency is poised to outperform the index.
Still Bear-Dominated Market In its most recent post on BTC’s market structure, Martinez outlined the three critical factors that have to change to overcome its current state. First, it’s the aSOPR (Adjusted Spent Output Profit Ratio), an on-chain metric measuring whether bitcoin investors are selling their units at a profit or a loss on average. It continues to hover below 1, showing that most sales are concluded by holders realizing losses.
“The first technical confirmation of a trend reversal from bearish to bullish will be the aSOPR metric crossing back above zero,” the analyst said.
The second is the Puell Multiple, which measures miner profitability by dividing the daily dollar value of newly issued BTC by its 365-day moving average. It shows whether miners are experiencing extreme income stress, as seen earlier this year during one of the largest miner walkouts.
The last factor brought up by Martinez was the Reserve Risk Multiple. The on-chain technical indicator demonstrates the confidence of long-term holders relative to its price, and it’s also below 1. Bitcoin would require a “confirmed break on the aSOPR, followed by zero-line breakouts on the Puell Multiple and Reserve Risk Multiple” to validate the start of a new bull market.
$82K and Its Importance Michaël van de Poppe believes $82,000 holds particular significance in the current BTC structure, as the 50-week Moving Average is positioned around that level. Historically, this key MA has served as major resistance, and bitcoin solidified the end of its previous bear market only after it reclaimed that line.
At first, BTC would have to break past the 21-week MA (currently around $75,000) before heading toward the more important 50-week MA, said van de Poppe.
You may also like: Bitwise Report: Crypto Fundamentals Are Getting Stronger Despite Third Straight Negative Quarter STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In Separately, Ted Pillows focused on bitcoin’s relation and correlation with the S&P 500, claiming that both asset classes will “drop over the coming months.” However, he expects the cryptocurrency to emerge victorious after the final leg down. For now, though, the reality is quite different, as the index is up by over 10% this year, while BTC is down by almost 27%.
The 60-day ceasefire between the United States and Iran is officially over, at least according to President Donald Trump. His declaration, made around July 8, marked a hard pivot from a mediated pause that had briefly calmed one of the most volatile geopolitical flashpoints of 2026 back into active military engagement, and markets felt it immediately.
Bitcoin, which had climbed above $72K earlier in the year partly on relief that a US-Iran deal was holding, reversed course sharply, falling toward and below the $60K level as the ceasefire collapsed. That is a drop of more than 16% from its 2026 peak.
What actually happened The ceasefire was part of a broader series of mediated pauses that had been brokered in the earlier months of 2026, aimed at containing a conflict centered on Iranian missile capabilities, nuclear proliferation concerns, and, critically, strategic control of the Strait of Hormuz.
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The Strait of Hormuz matters enormously. Roughly one-fifth of the world’s oil supply passes through that narrow chokepoint.
US strikes on Iranian targets and Iranian retaliatory responses broke the fragile truce. Trump’s announcement formalized what the exchange of fire had already made obvious: the ceasefire was done. He left one diplomatic door slightly ajar, noting that negotiations could still proceed through intermediaries, but the language of active hostility had returned.
Pakistan has reportedly been among the mediating parties attempting to bring both sides back to the table.
Why crypto traders are watching oil prices Oil prices surged on the renewed conflict, and that ripple hit crypto almost immediately. When oil spikes on conflict risk, it signals a broader repricing of global uncertainty. Institutional investors, who now hold significant crypto exposure, tend to reduce risk across their portfolios simultaneously. Bitcoin gets sold alongside equities, high-yield bonds, and other assets perceived as volatile.
Bitcoin’s slide toward $60K is a meaningful psychological threshold. Earlier in 2026, the asset had rallied above $72K, with the conditional ceasefire and a generally risk-on environment providing fuel.
The Strait of Hormuz angle adds another layer of complexity for energy-intensive industries, including crypto mining. A sustained oil shock that translates into broader energy price increases puts upward pressure on mining costs, which can reduce miner profitability and, in a prolonged scenario, affect the hash rate and network security dynamics of proof-of-work blockchains like Bitcoin.
What investors should watch next The nuclear dimension cannot be ignored either. The original ceasefire framework was designed partly around constraining Iranian missile and nuclear programs. A full breakdown of that framework reopens questions about nuclear proliferation that markets had tentatively set aside.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (CRYPTO: BTC) has staged a cautious recovery, reclaiming the key $64,000 resistance level as strong inflows into spot Bitcoin ETFs continue to support investor demand despite Strategy’s sales. BTC was trading at $64,150, up by 11% from its lowest level this year.
Bitcoin Price Rises as ETF Inflows RisesAmerican investors have started buying Bitcoin ETFs, a sign that they expect it to bounce back after falling by 55% from its highest point on record.
Data shows that spot Bitcoin ETFs have added $124 million in inflows this month. This is a good reversal after they experienced substantial outflows in May and June. They lost close to $7 billion in those two months.
Its goal is to raise over $1.5 billion in assets to boost its cash reserves after its preferred stocks came under pressure.
Empery Digital, another Bitcoin Treasury, another company, sold 1,400 coins to boost its cash reserves as it pivots to the artificial intelligence (AI) industry. Other companies may start selling their coins in the coming months, with some selling them at a loss.
Some analysts are optimistic that Bitcoin will rebound in the near term. In a recent statement, Standard Chartered, a top emerging market-focused bank, maintained its $100,000 price target. It also expects that the coin will jump to $500,000 in the long term. Bernstein, on the other hand, boosted its outlook to $150,000.
BTC Price Prediction: Technical AnalysisTechnicals suggest that Bitcoin has more upside potential in the near term. It has already jumped from a low of $58,130 to the current $64,100.
The coin has jumped above the 25-day moving average, a sign that the bulls have prevailed. Also, the two lines of the Percentage Price Oscillator have made a bullish crossover and are nearing the neutral level.
Bitcoin has also formed a double-bottom pattern and is nearing the neckline at $67,135. Therefore, BTC may continue rising, potentially to $80,000, a move that will be confirmed if it crosses the neckline at $67,135.
Image: Shutterstock
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Benjamin Cowen, a well-known data analyst in the cryptocurrency market, issued critical warnings to Bitcoin (BTC) investors.
Cowen, noting the similarity between current market dynamics and past major bear markets, said, “History is repeating itself,” and warned investors for the coming months.
Cowen noted that the current cycle in the Bitcoin market bears an eerily strong resemblance to past years, particularly the 2018 bear market. The analyst, essentially issuing a “three-month timeframe” warning to investors, argued that a final capitulation drop in the market may not yet have occurred.
Cowen argued that the price movements on the charts matched perfectly over time, using the following data:
February Lows: Both in 2018 and in the current period, a significant low was reached in February. March-April Rising Lows: In both periods, a higher low was recorded at the end of March and the beginning of April. Bitcoin experienced a local rally towards its 200-day moving average (MA) in May in both cycles. The most striking similarity occurred at the end of June and the beginning of July. In June 2018, Bitcoin hit a low of $5,700 before rebounding, and in this cycle, the $57,000 level was tested during the June/July period.
The analyst stated, “I keep telling myself that this pattern won’t continue, but the market stubbornly persists in playing this pattern.”
Cowen noted that historical data suggests a short-term and temporary relief rally might occur in July, but warned that these increases may not be permanent. Recalling that bear markets typically reach their final lows in the fourth quarter (Q4), the analyst predicted that this time, due to the peaks of time-based indicators, the final bottom could come earlier, perhaps at the end of September or in October.
Cowen shared possible bottom scenarios for Bitcoin by examining on-chain data and indicators:
The analyst estimates the probability of the absolute bottom having already been reached at only 40 to 45 percent. Therefore, the likelihood of one final downturn is higher. Cowen, noting that Bitcoin could fall below its “realized price” currently around $53,000, considers a drop to the highs of $40,000 and the lows of $50,000 a reasonable expectation. The ultimate “equilibrium price,” where all on-chain indicators would be completely reset and the bearish trend would end entirely, is currently just below $40,000. Cowen stated that a potential wick to this level would completely remove bearish scenarios from the table and signal a full-fledged shift to a “bullish outlook.” Explaining the macroeconomic reason behind this expected decline, the data scientist stated that the 10% to 20% corrections that periodically occur in stock markets in August or September are the factor that triggers the recent capitulation in Bitcoin. However, he argued that the decline in stock markets following this potential shock would force the Fed to cut interest rates, and that this would be the main fuel for a major rise (bull market) for cryptocurrencies as we enter 2027.
*This is not investment advice.
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The US has given Iran until Saturday to publicly commit to reopening the Strait of Hormuz and halt attacks on commercial shipping, or face unspecified consequences. A senior US official confirmed the ultimatum, which lands at a moment when roughly 20% of global oil shipments flow through the narrow waterway between Iran and the Arabian Peninsula.
For crypto markets, the timing is inconvenient. Bitcoin dropped to around $61,688 on July 9 as geopolitical fear drove investors toward the exits, a sharp reversal from prices above $65,000 that followed earlier de-escalation signals.
What’s actually happening in the Strait Iran’s escalation against commercial vessels in the Strait of Hormuz began ramping up in February 2026, setting off months of tit-for-tat confrontations with Washington.
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By mid-June, the two sides had reached a memorandum of understanding designed to restore safe passage through the chokepoint. That agreement has since deteriorated. Attacks on shipping resumed, and the US responded with military strikes in early July. The new Saturday deadline represents Washington’s latest attempt to force a resolution, though multiple prior deadlines in 2026 have produced only temporary ceasefires that didn’t hold.
The crypto angle is bigger than you think US authorities have frozen $344 million in crypto assets linked to Iranian activities amid this crisis. The seizure underscores Washington’s growing focus on cryptocurrency as a potential tool for sanctions evasion. There is limited evidence that Bitcoin is being used directly for transit payments connected to the Strait.
Why Saturday matters for your portfolio Bitcoin’s sensitivity to these events has been consistent throughout the 2026 Hormuz crisis. Each escalation has triggered sell-offs, and each diplomatic breakthrough has produced recoveries. When the initial memorandum of understanding was announced in June, Bitcoin pushed back above $65,000 as risk appetite returned.
More sanctions would likely mean more crypto asset freezes and more compliance pressure for exchanges. Expanded military action would spike oil prices, which historically correlates with broader risk-off sentiment.
The $344 million in frozen crypto assets is worth watching as a leading indicator. If that number grows significantly, it would suggest the US is expanding its enforcement net, with implications for exchanges and market liquidity beyond this particular crisis.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The worrisome trend has been extended to new companies after the recent sales by many miners and Strategy.
Bitcoin corporate treasury firms became a major thing in the past couple of years, led, of course, by Michael Saylor’s Strategy. Several such entities emerged during more favorable times for the entire crypto industry. Now, though, the landscape has changed, and there’s a new seller on the horizon.
Empery Digital has disposed of 1,400 BTC for just over $87 million, becoming the latest publicly traded Bitcoin treasury firm to monetize part of its holdings amid ongoing market pressure.
Empery Sells Too The firm published a Form 8-K filed with the United States Securities and Exchange Commission indicating that it has sold the units between May 7 and July 10 at an average price of approximately $62,200 per bitcoin. As such, it has reduced its crypto reserve by nearly half. As of the filing day of July 10, Empery held 1,514 BTC compared to 2,914 before the sales, alongside almost $74 million in cash.
The company said it will use the proceeds to support several corporate priorities rather than signal a complete withdrawal from bitcoin. Empery Digital’s EMPD stock actually rose by over 1.5% on Friday after the BTC sale news went viral.
The entity added that it used $10 million to repay part of its outstanding debt on July 7, leaving $45 million under its debt facility. Additional proceeds are earmarked for ongoing operations and high legal expenses connected to stockholder litigation. It will deploy a substantial portion of the newly acquired cash to help finance a previously announced property acquisition.
It also plans to expand into AI infrastructure, agreeing to invest $65 million for a 25% stake in a Hunt Properties-managed entity that is acquiring and redeveloping a power-intensive industrial facility in the US.
Joining the Pack As mentioned above, Empery Digital has joined a growing list of companies selling their BTC during this time of market distress. The largest corporate holder of the cryptocurrency actually made two sales in the past few months. The first was a minor one for just 32 units, while the second, announced earlier this week, was for a more significant 3,588 BTC.
You may also like: Bitcoin Shrugs Off Strategy FUD, Hits New 2-Week Peak in Early Signs of Structural Stabilization How Bitcoin Survived Its Biggest Miner Walkout Critics Say BIP-110 Could Break Self-Custody and Risk User Funds Analysts continue to debate whether this is only a net-negative development for bitcoin or if there is more to the story. The reality is that miners also made similar moves before Strategy. As reported in April, BTC miners sold more units in Q1 this year than the entire 2025 combined. On-chain data show they had disposed of over 32,000 BTC in Q1, which was described as the largest quarterly liquidation on record.
Real Vision Chief Crypto Analyst Jamie Coutts said that Bitcoin may be approaching the final stages of its current bear market, but the downturn is not yet technically over. According to Coutts, some signals emerging from long-term indicators suggest that selling pressure and negative momentum are beginning to weaken.
The Bitcoin price is trading approximately 50 percent below its all-time high of $126,100 recorded in October 2025. Coutts described the current price movement as a “typical bear market,” noting that Bitcoin’s volatility has decreased by about 50 percent compared to the previous market cycle.
According to the analyst, the decrease in volatility suggests that the current bear market may not be as severe as in the past. However, Coutts cautioned against assuming the market will repeat past cycles exactly, noting that all of the trend indicators being followed are still significantly bearish.
Coutts stated that bullish divergences are beginning to appear in long-term momentum indicators. While noting that this suggests a slowdown in negative momentum, the analyst added that these signals do not necessarily mean Bitcoin has technically exited a bear market.
Coutts stated that tightening global liquidity conditions, as well as deterioration in on-chain demand, played a significant role in Bitcoin’s previous decline, and indicated that demand indicators need to strengthen again for a sustainable recovery.
Coutts, however, takes a more cautious approach to long-term price predictions, stating that he is skeptical of expectations that Bitcoin will reach $1 million by 2030. The analyst considers a rise in BTC to the $200,000 to $250,000 range within the next two to three years a more realistic scenario.
Coutts also argued that the Bitcoin community needs to address the potential threats posed by quantum computers more openly before 2027. Noting that preparing, testing, and implementing large-scale protocol updates can take approximately five years, Coutts called for early action against potential security risks.
*This is not investment advice.
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Galaxy Digital transferred 2,500 BTC, approximately $160 million in Bitcoin, to cryptocurrency exchange wallets in the past 24 hours. The move drew significant attention from traders, as large Bitcoin transfers to exchanges are often seen as a possible precursor to asset liquidation.
Details of the Bitcoin TransferBlockchain analytics firm Lookonchain reported that Galaxy Digital moved a total of 2,500 BTC, with most of the assets sent to wallets associated with cryptocurrency exchanges. While such movements frequently generate speculation about impending sales, transferring assets to exchange wallets does not necessarily confirm that a sale will occur.
Large deposits to exchange wallets typically stir speculation among traders, but on-chain transfers to these wallets cannot be interpreted as definite signs of selling activity.
According to the latest data, the on-chain cryptocurrency portfolio held by Galaxy Digital now exceeds $508 million, based on figures compiled by Arkham Intelligence. Despite the substantial movement of BTC into exchanges, the portfolio snapshot confirms that Bitcoin continues to represent Galaxy Digital’s largest on-chain holding, illustrating the firm’s underlying confidence in the asset.
Breakdown of Galaxy Digital’s PortfolioGalaxy Digital’s publicly visible crypto holdings include approximately 2,634 BTC valued at $169 million, 49,005 LSETH estimated at $98 million, and 38,800 ETH totaling nearly $70 million. The firm also holds 1,005 CBBTC valued at around $64 million, as well as stablecoins composed of 32.84 million USDC and 17.92 million USDT.
Mini dictionary: Galaxy Digital is a leading financial services and investment management firm that focuses on digital assets, cryptocurrencies, and blockchain technology.
AssetAmountValueBTC2,634$169 millionLSETH49,005$98 millionETH38,800$70 millionCBBTC1,005$64 millionUSDC32.84 millionStablecoinUSDT17.92 millionStablecoinBitcoin Price and Market ReactionBitcoin is currently trading at $64,262, marking a slight increase of 0.05% over the previous day. Trading volumes for the day reached $27.28 billion, while Bitcoin’s market capitalization stands at $1.29 trillion. The coin currently commands a market dominance of 58.62%. Despite Galaxy Digital’s movement of BTC to exchanges, the market response so far has remained muted.
Market watchers are monitoring whether the transferred Bitcoin remains on exchanges, is shifted to over-the-counter (OTC) settlement wallets, or leaves exchange platforms without passing through public order books. Further blockchain data or a formal statement from Galaxy Digital may shed more light on the motivation behind these transfers.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The Bitcoin Policy Institute (BPI), a nonprofit dedicated to cryptocurrency policy research, has moved to intervene in a controversial lawsuit that seeks to claim ownership of an estimated 3.7 million dormant bitcoin, currently valued at around $274 billion according to Galaxy Research.
BPI intervenes in dormant bitcoin lawsuitThe lawsuit, filed in New York County Supreme Court, is led by an individual using the pseudonym Noah Doe. Plaintiffs argue that bitcoin left untouched in nearly 39,000 wallets should be considered “abandoned property” under New York’s Article 7-B of the Personal Property Law, a statute designed for unclaimed physical assets.
In their claim, the plaintiffs detailed efforts to contact wallet owners by reporting the dormant addresses to the New York City Police Department and sending messages through Bitcoin’s OP_RETURN feature. After waiting 90 days without response, they petitioned the court to declare the wallets abandoned.
The targeted wallets reportedly include approximately 1.10 million BTC associated with Satoshi-era addresses—the period during which bitcoin’s creator, Satoshi Nakamoto, was active—as well as about 80,000 BTC believed to be linked to the 2011 Mt. Gox exchange hack.
BPI announced its participation as a defendant through a post on X, and is being represented by the global law firm White & Case. The institute has filed a proposed answer, laid out 15 affirmative defenses, and indicated an intention to submit a motion to dismiss the case.
Judge Kathy J. King has paused all proceedings in the lawsuit until a hearing set for July 14. In the meantime, two amicus briefs have been submitted in opposition to the plaintiffs’ approach—one by attorney Ian Cohen, and another from the Digital Chamber, a prominent blockchain industry group.
Galaxy Research evaluated the dormant bitcoin’s market value at nearly $274 billion in late May, but legal analysts have expressed doubt that the plaintiffs could enforce or execute such a claim.
The BPI, supported by White & Case, challenges the legal basis of seizing dormant coins, stating that without access to the private keys, ownership cannot be transferred under bitcoin’s current protocol.
Noah Doe and plaintiffs have acknowledged they do not possess the private keys for any of the wallets in question. Cryptocurrency industry publication Cryptopolitan previously emphasized that bitcoin’s structure offers no means to change wallet ownership without the original private key.
Legal challenges and industry responseAlex Thorn, Director of Research at Galaxy, observed that the plaintiffs removed 44 wallet addresses from their filing after these wallets showed activity following the public initiation of the lawsuit. Such movements undermine claims that these bitcoin holdings can be classified as truly abandoned assets.
Other legal stakeholders have intervened. Before BPI’s involvement, an anonymous defendant known as John Doe 33 participated by filing a verified answer and affirmative defenses, acting without legal counsel. John Doe 33 contends that public cryptocurrency addresses are not legal entities and thus cannot be subject to lawsuits. He also claims that copying wallet data does not constitute possession or control of funds, further challenging the basis of the lawsuit.
John Doe 33 noted that attempts to contact wallet owners through OP_RETURN messages are often ineffective, as many wallets do not surface these messages and users with cold storage typically have no reason to review them. He further alleged that at least one wallet owner contacted the plaintiffs’ legal team, discrediting the narrative that the owners are unidentifiable or unreachable.
Attorney Ian Cohen, in a brief dated May 29, argued that treating dormant bitcoin as abandoned property misapplies New York law, which traditionally applies only to tangible assets like jewelry or cash. The Digital Chamber, supported by consulting firm CahillNXT and attorney Stephen Palley of Brown Rudnick, echoed these arguments in a separate brief filed on July 7.
Mini dictionary: Bitcoin Policy Institute (BPI), a nonprofit U.S. organization focused on research and policy discussions surrounding the social and economic impacts of bitcoin and public digital assets.
EntityRole in CaseKey ArgumentBPIDefendant/IntervenorBitcoin cannot be reassigned without private keysNoah Doe (Plaintiff)PlaintiffDormant wallets are abandoned property under state lawJohn Doe 33DefendantAddresses are not legal persons, copying data doesn’t confer ownershipIan CohenAmicus CuriaeState law on abandonment applies only to physical assetsDigital ChamberAmicus CuriaeSupports arguments that bitcoin protocol cannot enable reassignmentDisclaimer: 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.
Morgan Stanley Bitcoin Trust added nearly 1,000 BTC, lifting tracked holdings to 5,761 coins in two weeks. The trust had drawn about $408 million in net inflows by July 10 despite sustained Bitcoin market weakness. Bitcoin traded about 11% above Fidelity’s lower power-law support boundary in the model published on July 5. Three Glassnode-based indicators remained below neutral levels, keeping a bullish reversal unconfirmed. Morgan Stanley’s spot Bitcoin product continued attracting investor capital during the market downturn, adding nearly 1,000 BTC within two weeks. As a result, the Morgan Stanley Bitcoin Trust’s tracked holdings climbed to 5,761 BTC, worth approximately $370 million, with the asset trading near $64,000.
The increase reflected continued demand for the bank-affiliated investment product despite weaker market conditions. Nevertheless, key on-chain indicators remained below their bullish thresholds, suggesting that accumulation was strengthening even though a broader market reversal had not yet been confirmed.
Morgan Stanley Trust Adds BTC as Fund Inflows Continue Arkham Intelligence linked the increase to several large transfers from Coinbase Prime into wallets associated with the trust. The deposits included 495.8, 171.9, 166.2, 154.8, 143.3, 126.1, and 120.4 BTC.
Source: Arkham Intelligence
Arkham separately said the product received roughly $13.2 million in Bitcoin during the week. The platform reported that the wallets had recorded no sale since May. However, its post lacked transaction links needed to verify every attribution independently.
MORGAN STANLEY IS BUYING BITCOIN
Morgan Stanley bought $13.2M of Bitcoin this week. They have not sold Bitcoin since May.
Will they keep buying for the rest of this month? pic.twitter.com/jZF00QikS4
— Arkham (@arkham) July 11, 2026
Nevertheless, the activity does not represent a corporate treasury purchase by Morgan Stanley. Instead, the trust holds the asset for shareholders through a passive exchange-traded structure.
Moreover, its SEC prospectus states that the fund does not attempt to identify market bottoms or sell at market peaks. Consequently, changes in its holdings generally reflect share creations, redemptions and other settlement activity rather than discretionary trading decisions.
Morgan Stanley launched the product on NYSE Arca on April 8, making it the first cryptocurrency exchange-traded product offered by a United States bank-affiliated asset manager. Since then, investor demand has remained firm despite weaker market conditions.
According to Farside Investors, the fund had recorded about $408 million in net inflows by July 10. Therefore, the expanding Bitcoin balance points to continued participation
Bitcoin Nears Power-Law Support as Reversal Signals Lag Meanwhile, Fidelity Director of Global Macro Jurrien Timmer said Bitcoin was moving closer to a long-term power-law support line. His chart analysis placed the asset at $62,685, while the model’s lower boundary stood near $56,488.
As a result, Bitcoin remained roughly 11% above the projected support level at the time. Although previous downturns developed near the same band, the model provides historical context rather than confirmation of a market bottom.
JUST IN: Fidelity's 'Bitcoin's Support & Resistance' data shows BTC in an accumulation zone and "getting ever closer to its power law support line" 👀
Buy the dip 🚀 pic.twitter.com/vFEmPAJPux
— Bitcoin Magazine (@BitcoinMagazine) July 11, 2026
At the same time, analyst Ali Martinez pointed to three Glassnode-based indicators that remained below their neutral thresholds. Those measures included the adjusted Spent Output Profit Ratio, the Puell Multiple and the Reserve Risk Multiple.
Martinez’s indexed chart subtracts one from each underlying multiple, which places the neutral threshold at zero. Therefore, a negative aSOPR reading indicates that transferred coins were sold at an average loss.
Glassnode also excludes outputs held for less than one hour when calculating aSOPR. By removing these short-lived transactions, the adjustment reduces market noise and provides a clearer view of realized profitability.
Meanwhile, the Puell Multiple compares the daily dollar value of miner revenue with its 365-day average. A reading below one shows that miner income remains below its annual benchmark.
BITCOIN IS STILL IN BEAR MARKET TERRITORY
Three key indicators—the aSOPR – 1 (x10), the Puell Multiple – 1, and the Reserve Risk Multiple – 1—are all currently hovering below the zero line, confirming a dominant bearish posture.
For these specific indexed metrics, values below… pic.twitter.com/lZEV6TQ1k5
— Ali Charts (@alicharts) July 11, 2026
Reserve Risk, by comparison, measures Bitcoin’s price against the conviction of long-term holders. Low readings suggest that committed investors remain reluctant to sell despite weaker market conditions.
Martinez identified an aSOPR move above zero as the first possible signal of a broader reversal. Further breakouts in the Puell Multiple and Reserve Risk Multiple would provide stronger confirmation of a bullish transition.
Until those thresholds are crossed, the data supports an accumulation narrative rather than a confirmed recovery. Therefore, the trust’s rising holdings reflect sustained investor demand, while the broader market continues to show restraint.
Metaplanet plans to turn Strategy’s STRC design into a digital credit framework to help the Bitcoin treasury firm and other small firms locked out of Japan’s rigid bond market.
To achieve this plan, dubbed Project Nova, the firm has partnered with Metaplanet Securities, stablecoin issuer JPYC, and tokenization firm Progmat.
According to the arrangement, the Bitcoin-backed digital credit framework will use Metaplanet’s BTC holdings (currently at 43K coins) as collateral.
However, unlike the yield-paying STRC that is issued only by Strategy, other mid-sized and high-growth firms in Japan can leverage the platform. They can issue their own tokenized digital credit to investors. Think of it as an open marketplace for other firms to issue their credit directly to investors.
The study aims to explore the possibility of round-the-clock trading and settlement with daily interest. Underscoring the importance of the project, Metaplanet CEO Simon Gerovich said,
This is Project NOVA at work: using Bitcoin’s strength as an asset to open Japan’s credit markets to companies the current system prices out.
Earlier this year, the firm launched a venture capital firm and asset management subsidiaries. The first investment was in JPYC, a regulated stablecoin issuer in Japan, and Project Nova partner. The subsidiaries are meant to be at the center of its digital credit and BTC capital markets.
Four months later, the recent study into a white label platform for BTC-backed digital credit now unravels the firm’s aggressive long-term BTC plan. The move also comes at a time when Japan is reviewing crypto ETF approvals.
Assessing Bitcoin’s digital credit market Pioneered by Michael Saylor’s Strategy, BTC digital credit refers to debt instruments like preferred stocks (like Stetch [STRC]) or convertible loans backed by the firm’s crypto holdings.
Metaplanet and Bitmine (the world’s largest Ethereum treasury) are both exploring STRC-like instruments for more crypto accumulation.
Interestingly, STRC faced a market distress and trust test after de-pegging from its $100-target level. Despite the de-peg, volumes remained strong as buyers came in to pick the stock at its lows.
STRC did about $9 billion in June, according to a report by Bitcoin Treasuries. In fact, the stock has since recovered to close to its $100, underscoring renewed confidence and trust in BTC digital credit.
Source: Bitcoin Treasuries It’s unclear how the Japanese market will receive the BTC-backed digital credit plans. In the meantime, Metaplanet’s stock jumped 4% following the update.
Final Summary Metaplanet is evaluating the feasibility of launching an open marketplace for BTC-backed digital credit for Japanese small firms. It remains unclear whether Japan’s regulators and market will embrace the plan.
US prosecutors plan to dismiss Matthew Goettsche’s BitClub charges with prejudice before his October trial. The DOJ’s case alleged BitClub collected at least $722 million in Bitcoin through manipulated mining returns. The proposed dismissal follows nearly seven years of litigation and review of about two million records. Several BitClub associates already pleaded guilty to fraud, securities, money laundering, or tax offenses. US prosecutors are preparing to end the criminal case against Matthew Goettsche, the alleged architect of the $722 million BitClub Network scheme. The planned move comes shortly before an October trial that could have tested one of the government’s longest-running cryptocurrency fraud prosecutions.
According to a Bloomberg Law report, the DOJ has directed federal attorneys in New Jersey to seek dismissal with prejudice. In a July 8 letter, defense lawyers told U.S. District Judge Claire Cecchi that both sides had reached an agreement in principle. However, they said more time was needed to complete its terms and obtain formal court approval.
BitClub Fraud Case Nears Dismissal Before October Trial Goettsche was indicted in December 2019 on charges involving wire fraud conspiracy and the sale of unregistered securities. Prosecutors said BitClub operated from April 2014 to December 2019, selling shares in cryptocurrency mining pools to investors worldwide.
🚨 DOJ DROPPING CHARGES AGAINST ALLEGED MASTERMIND OF $722M CRYPTO PONZI SCHEME
Matthew Goettsche was indicted in 2019 over claims BitClub Network used fake crypto mining profits and recruitment rewards to defraud investors.
He was set to stand trial in October, but prosecutors… pic.twitter.com/7WGWopB33i
— CryptosRus (@CryptosR_Us) July 11, 2026
In addition to purchasing mining shares, participants received rewards for recruiting new members. Prosecutors said this structure combined investment sales with aggressive network marketing. Over its five-year operation, BitClub allegedly collected at least $722 million in Bitcoin.
According to the indictment, the platform’s operators manipulated displayed mining returns and overstated the daily earnings presented to customers. Prosecutors further alleged that investor funds were not always used to purchase the mining equipment promoted by the company.
Internal communications also formed a central part of the government’s case. In those exchanges, prosecutors said Goettsche referred to prospective investors as “dumb” and “sheep” while discussing how the business could attract them.
Moreover, Goettsche allegedly instructed a collaborator to increase displayed daily mining earnings by 60%. The order came despite warnings that the adjustment was unsustainable and resembled a Ponzi-style operation.
The proposed dismissal follows nearly seven years of litigation, repeated plea negotiations and the review of approximately two million electronic records. Against that backdrop, Goettsche recently argued that the prolonged proceedings violated his constitutional right to a speedy trial.
DOJ Policy Shift Meets Prior BitClub Guilty Pleas Bloomberg reported that Goettsche’s lawyers contacted senior DOJ officials after earlier settlement discussions collapsed. A department spokesperson said officials later reassessed the case because of its age and the amount expected to be recovered for investors.
However, the spokesperson denied that pressure from Goettsche’s legal team influenced the decision. Should the court approve a dismissal with prejudice, US prosecutors would be permanently barred from refiling the same charges against him.
Such an outcome would contrast sharply with the cases of several BitClub associates who previously admitted criminal conduct. One such, Romanian programmer Silviu Catalin Balaci, pleaded guilty to helping alter the mining earnings displayed to investors.
Similarly, promoters Joseph Abel and Jobadiah Weeks admitted selling unregistered BitClub shares. Gordon Beckstead also pleaded guilty to money laundering and tax offenses involving more than $50 million in transfers.
The reported resolution also follows an April 2025 DOJ memorandum that narrowed criminal enforcement centered mainly on registration violations. Nevertheless, the policy continued to prioritize fraud cases involving financial harm to cryptocurrency investors.
Consequently, the proposed dismissal would end the central prosecution without a jury ruling on the government’s fraud allegations. However, it would not necessarily signal a broader retreat from cryptocurrency fraud enforcement.
Until prosecutors formally file the dismissal request and Judge Claire Cecchi approves it, Goettsche remains charged. He also continues to be legally presumed innocent.
Bitcoin continued to rebound after recent declines, with its price reaching $64,294 and showing modest gains over the past 24 hours. Trading volume stood at $20.37 billion, while Bitcoin’s overall market capitalization held at $1.29 trillion. Despite ongoing market uncertainty, the cryptocurrency registered a 0.69% increase within the last 24 hours, reflecting persisting buyer interest.
On-chain indicators hold back bullish momentumCrypto analyst Ali Martinez stated on July 11, 2026, that three key on-chain metrics indicate Bitcoin has not yet entered a full bullish cycle. Martinez highlighted the aSOPR – 1 (x10), Puell Multiple – 1, and Reserve Risk Multiple – 1, all of which remain below the neutral threshold of zero. These indicators are utilized to track investor behavior, mining sector health, and trader confidence across the Bitcoin network.
Each of these metrics remaining in negative territory suggests the extended accumulation phase for Bitcoin is ongoing. In such periods, market participants are typically seen selling at a loss, miners report lower profitability, and overall long-term optimism is muted.
Martinez identified the aSOPR indicator as the first signal to watch for a potential market reversal. When aSOPR crosses above zero, followed by similar moves in the Puell Multiple and Reserve Risk Multiple, this could mark the official onset of a fresh bull run.
Martinez noted that confirmation of bullish momentum would be signaled once all three on-chain indicators break above zero, marking the end of the accumulation phase and the probable start of a new Bitcoin uptrend.
While the price has climbed from its recent lows, these on-chain signals have not yet confirmed the beginning of a sustained upward trend for Bitcoin.
Mini dictionary: aSOPR (Adjusted Spent Output Profit Ratio) measures whether spent outputs are in profit or loss, indicating if current holders are selling at a gain or a loss. The Puell Multiple analyzes miner revenue compared to historical averages, and Reserve Risk evaluates the confidence of long-term holders relative to price.
Short-term technicals show signs of recoveryRecent short-term technical analysis paints a more positive scenario. The Relative Strength Index (RSI) reached 53.93, with its moving average now at 45.23. Since the RSI sits above the neutral 50 mark yet remains below the overbought zone, this suggests building buying pressure without signs of overheating.
The Moving Average Convergence Divergence (MACD) indicator has also delivered a bullish signal. The MACD value of -287.91 has crossed above its signal line at -900.37, while the histogram transitioned into positive territory at 612.46, reinforcing the notion of growing upward momentum.
Should Bitcoin hold above its current support levels, analysts believe further short-term gains are possible. However, the mixed outlook from long-term on-chain data and short-term technical indicators keeps the broader market cautious.
MetricCurrent ValueStatusImplicationBTC Price$64,294RisingRecovery from lowsaSOPR – 1 (x10)Below 0NegativeProfit-taking absentPuell Multiple – 1Below 0NegativeMiner revenues lowReserve Risk Multiple – 1Below 0NegativeLow long-term confidenceRSI53.93Above neutralStrength returningMACD Histogram612.46PositiveBullish crossoverAwaiting a confirmed breakoutShort-term traders may interpret these technical signals as encouraging, while those focused on long-term cycles watch the on-chain metrics for a definitive breakout above zero.
Experts point out that interim rallies can occur during accumulation, making it crucial for investors to monitor both types of indicators. For sustained confidence in a new bull cycle, markets will look for all three on-chain metrics to confirm a shift by crossing above zero.
Until that alignment takes place, both investors and analysts maintain a cautious outlook, balancing recent positive signals against lingering uncertainty in the broader crypto market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The U.S.-Iran war is again escalating as the U.S. carried out airstrikes against Iran tonight after the latter declared the Strait of Hormuz closed again. Bitcoin has fallen below the psychological $64,000 level as Iran has vowed to retaliate against these latest strikes.
U.S.-Iran War Escalates With Fresh Wave Of Strikes In an X post, the U.S. Central Command (CENTCOM) announced that its forces launched the third round of strikes this week against Iran today, on President Trump’s orders. CENTCOM noted that the latest strikes followed Iran’s attack on a commercial ship that was transiting the Strait of Hormuz.
“A civilian crew member is missing, and the vessel is unable to continue the journey due to an onboard fire and significant engine room damage,” the post read. CENNTCOM also said that Iran has failed to demonstrate adherence to the Memorandum of Understanding in the U.S.-Iran war, after its earlier attacks on commercial oil tankers transiting the Hormuz Strait.
“In response, the United States is imposing a heavy cost by continuing to degrade Iran’s ability to attack civilian mariners and commercial ships freely transiting the strait,” CENTCOM added. It is worth noting that the latest U.S. strikes follow Iran’s Revolutionary Guards Navy’s statement that it had closed the Strait of Hormuz until further notice.
The IRGC also confirmed that it fired a warning shot at a vessel that was attempting to transit along an unapproved route in the Strait of Hormuz. As CoinGape reported earlier, the U.S.-Iran war had shown signs of escalation after Iran rejected further talks with the U.S. until the U.S. reverses its position on Iran’s control of the Strait.
Bitcoin Falls Below $64,000 Bitcoin fell below the psychological $64,000 level amid the U.S. strikes on Iran. The leading crypto is currently trading at around $63,700, down from a daily high above $64,000, according to TradingView data.
Source: TradingView; Bitcoin daily chart The BTC price climbed above $64,000 last week after President Trump said Iran had requested to resume talks, which the U.S. agreed to, even though the ceasefire was over. However, Bitcoin and the broader crypto market are now at risk again as the U.S.-Iran war threatens to further escalate.
This week is also set to be a huge week for the crypto market with the CPI and PPI releases on July 14 and 15, respectively. At the same time, Federal Reserve Chairman Kevin Warsh is set to testify before Congress on July 14 and July 15 and could provide hints about the direction for monetary policy ahead of the July FOMC meeting.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP continues to trade without a clear fundamental catalyst, still moving sideways near $1.10. At the time of writing, XRP was up 1.22% in the last 24 hours to $1.11 but down 4.93% in the last seven days.
Traders are now watching if XRP's quiet range is setting up a larger breakout; a close above the daily MA 50 at $1.16 will be watched ahead of the daily MA 200 at $1.45. A move above $1.40 would be the first stronger sign that XRP might be breaking out of its broader range.
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Buyers continue to defend the $1.00–$1.05 range, highlighting it as support in case price declines.
Short-term golden cross appearsA golden cross signal has appeared on the XRP four-hour chart, with the timing attracting attention as the token continues to trade in a range, with traders waiting for a catalyst to drive the next move.
XRP/USD 4-Hour Chart, Image By TradingViewThe MA 50 has crossed above the MA 200, indicating a golden cross. The short-term signal comes as XRP Ledger activity hits rare lows. Citing active addresses and network growth, Santiment noted that the XRP Ledger has just seen one of its lowest on-chain days in recent memory.
✍️ TL;DR: XRP Ledger activity hits rare lows as traders wait for catalyst
📊 Metrics Used: Active Addresses, Network Growth
🔗 Live Chart: https://t.co/PU1PeLUccm
📊 XRP Ledger activity has gone unusually quiet while price keeps ranging just below $1.10. The network just saw… pic.twitter.com/AOeavbtxEU
— Santiment Intelligence (@SantimentData) July 11, 2026 According to Santiment, XRP Ledger activity has gone unusually quiet as price stayed in a range below $1.10. The XRPL network just saw only 25,350 active wallets, its 2nd-lowest day of 2026, while new wallet creation fell to 2,130, the lowest since November 2024.
After late June saw a rise in dip-buying, Santiment indicated that traders might have now resorted to waiting for a real catalyst before buying again due to a small bounce.
Ripple’s XRP has shown signs of stabilization after its prolonged downtrend, with buyers successfully defending a key support region and triggering a short-term market structure shift. Although the broader trend remains bearish, the recent price action suggests that selling pressure is weakening, and the market may be preparing for a larger recovery attempt if current support levels continue to hold.
XRP Price Analysis: The Daily Chart On the daily timeframe, XRP remains inside a broader descending channel and continues to trade below the 100-day and 200-day moving averages, which are both trending lower and maintaining the long-term bearish structure.
However, the recent decline toward the $1.02-$1.06 support zone appears to have attracted significant demand. This region aligns with a previous liquidity sweep below the April lows, where the market briefly traded beneath support before quickly recovering. Since then, the asset has established a higher low and has begun building a base above this demand area.
The price recently bounced from the support zone and is now attempting to reclaim the horizontal resistance region around $1.22-$1.28. This area is particularly important because it also coincides with the descending 100-day moving average and the upper boundary of the broader bearish structure.
A successful reclaim of the $1.22-$1.28 resistance zone would strengthen the recovery scenario and potentially open the path toward the major supply area near $1.55. Until that breakout occurs, the broader trend remains corrective within a larger downtrend.
XRP/USDT 4-Hour Chart The 4-hour chart presents a more constructive outlook. Following the sweep of liquidity below the $1.02-$1.06 support region, XRP formed a market structure shift (MSS), marking the first indication that sellers were losing control of the short-term trend.
The subsequent rally produced a change of character (ChoCh) as the price broke above a previous lower high and challenged the descending trendline that has capped rallies since mid-June. Although the token initially faced rejection near trendline resistance around $1.16-$1.18, the pullback has remained relatively shallow, and buyers continue defending the former breakout zone.
Importantly, the market has not returned to the lows despite the rejection, suggesting that demand remains active beneath current prices. As long as XRP holds above the $1.03-$1.06 support area, the bullish structure established after the liquidity sweep remains intact.
The key level to monitor now is the descending trendline and the $1.15-$1.18 resistance area. A decisive breakout above this region would confirm a higher-high formation and could accelerate momentum toward the larger daily resistance zone between $1.22 and $1.28.
Conversely, failure to break the trendline could lead to additional consolidation between support and resistance before a larger directional move develops.
Overall, the recent price action favors gradual recovery, but XRP still needs to reclaim the trendline resistance and the $1.22-$1.28 supply zone before a broader bullish reversal can be confirmed.
XRP ETFs Break Four-Day Outflow StreakSpot $XRP ETFs recorded a modest net inflow of around $107,000 on Friday, July 10, breaking a four-consecutive-day run of outflows. While the figure is small in absolute terms, it marks the first positive daily flow the products had seen in nearly a week.
Despite the brief recovery, the funds remain in negative territory for the month. The latest withdrawals had pushed cumulative flows into a net outflow of $2.61 million for July 2026. That reversal comes after a strong finish to June, when the funds pulled in $15.34 million on June 29, building on an equally impressive $15.63 million net inflow recorded just days prior on June 26.
Three-Month Inflow Run Now Under PressureThe July softness interrupts what had been a sustained period of investor appetite for the regulated products. According to data from Yahoo Finance, XRP ETFs ended April with roughly $82 million in net inflows, marking the funds' best month since the late-2025 launch period, a reverse of what happened in March, which ended with $31 million in outflows. May then topped that, with May's inflow of $118.29 million surpassing April's $81.59 million to become the strongest month of 2026.
The broader picture for the products remains constructive. Cumulative net inflows across all approved XRP spot ETFs continue to hover around a healthy $1.40 billion mark. As of July 11, 2026, seven XRP spot ETFs are trading in the United States with combined assets under management of around $1 billion and 964.5 million XRP tokens locked.
The leading products include the Bitwise XRP ETF (1XRP) with around $245.3 million in assets, followed by the Canary XRP ETF with approximately $225.9 million and the Franklin XRP ETF with about $167.9 million. Whether the July 10 inflow signals a genuine turn or merely a brief pause in the current negative run remains to be seen, but the month's performance will be closely watched given the three-month positive streak that preceded it.
Sources:
U.Today: XRP ETFs Log One of Biggest Outflows of 2026
Yahoo Finance: XRP ETFs Snap Longest Inflow Streak of 2026
Coinpedia: Spot XRP ETFs Record Largest Outflow Since March
XRP continued to trade without clear directional momentum, staying near $1.10 despite minor intraday gains. Over the past 24 hours, XRP rose 1.22% to $1.11, but this move was not enough to offset the 4.93% decline registered over the last week.
XRP price holds in tight range as support levels defendedMarket participants have kept a close eye on XRP, as the cryptocurrency held a largely sideways pattern in recent sessions. At present, traders are monitoring whether the quiet trading activity could lead to a breakout, with the daily 50-day moving average (MA 50) at $1.16 seen as an initial target level. A push above $1.16 could attract more attention toward the daily 200-day moving average (MA 200) near $1.45.
Analysts noted that a move above $1.40 would serve as a more convincing signal of a possible breakout from XRP’s wider trading range. In recent days, buyers have frequently shown a willingness to defend support levels in the $1.00–$1.05 zone. These defense actions signal that traders remain cautious but alert to further dips.
Golden cross forms amid weak XRP Ledger activityOn the technical front, XRP displayed a golden cross on the four-hour chart, with the 50-period moving average climbing above the 200-period moving average. This formation drew attention as a potential bullish signal, particularly as the token continues to lack fundamental catalysts.
Despite the appearance of this bullish technical pattern, on-chain activity on the XRP Ledger fell sharply. Blockchain analytics platform Santiment reported that the network recorded just 25,350 active wallets in the recent session, marking the second-lowest daily count in 2026. In addition, new wallet creation totaled only 2,130, the lowest number since November 2024.
Mini dictionary: Santiment is a blockchain analytics company providing on-chain and social data analytics for cryptocurrencies, including activity levels, sentiment, and key wallet metrics.
Santiment observed that while late June experienced a surge in dip-buying activity, traders now appeared to be turning cautious, waiting for a significant development before making further large-scale purchases. The subdued activity on the XRP Ledger coincided with price action remaining below the $1.10 threshold for much of this period.
MetricCurrent LevelTime FrameNotable PointActive wallets25,350Recent session2nd-lowest in 2026New wallet creation2,130Recent sessionLowest since Nov 2024Price support$1.00–$1.05Current rangeFrequently defendedBreakout level$1.40TargetSign of strong momentumXRP’s golden cross on lower timeframes has attracted trader interest, but analysts remain watchful for a decisive catalyst, noting that network activity and new wallet creation are both running at multi-year lows.
The broader XRP community is now watching key price levels and monitoring on-chain trends for signs that current sideways trading could give way to a pronounced breakout in either direction. Until a new catalyst emerges, volatility may stay subdued and range-bound trading is likely to persist.
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.
In the last week of June, XRP printed its weakest price since late 2024, briefly touching $1.01 before stabilizing in the $1.05 to $1.13 range where it has traded through early July. The token is down more than 25% for the year and roughly 65% below the $3.65 cycle high it set in July 2025. On the same June days that the chart broke down, tokenized real-world assets on the XRP Ledger crossed $3.5 billion, more than triple the level at which they started the year, spot XRP exchange-traded funds extended a net inflow streak that would reach eight consecutive weeks, and Ripple stood weeks away from full European authorization under MiCA.
Summary
Ripple has delivered record institutional growth in 2026, but XRP remains more than 25% lower this year and near multi-year lows. The article examines both sides of the debate: whether Ripple’s expanding infrastructure will eventually lift XRP or whether the company and token have permanently diverged. Upcoming CLARITY Act votes, ETF flows, XRPL upgrades, and institutional adoption could determine whether the gap between Ripple and XRP finally closes. That is the whole story in one paragraph, and it is genuinely strange. By any operational measure, the 12 months behind Ripple are the most productive in the company’s history: a settled SEC case, launched ETFs, a $1.25 billion prime brokerage acquisition, membership in the clearing infrastructure of American equities, a stablecoin with $18 billion in quarterly transfer volume, and regulatory licenses stacking up on three continents.
By the only measure most holders care about, the same 12 months are the worst since the 2022 bear market. The gap between what Ripple built and what XRP is worth has never been wider, and how that gap closes, upward through the price or downward through the narrative, is now the central question hanging over the fourth largest ecosystem in crypto.
This feature lays out both sides honestly: the case that the infrastructure eventually drags the token up, and the case that the token and the company have simply decoupled, with the price telling the truer story.
The year Ripple built: an inventory It helps to see the accumulation in one place, because no single item explains the disconnect. The pattern does.
Legal closure came first. The SEC’s enforcement case against Ripple, filed in December 2020, formally concluded in 2025 with a financial settlement, ending the overhang that had defined the token’s American existence for half a decade and building on the 2023 court finding that programmatic exchange sales of XRP were not securities transactions.
Then distribution. Spot XRP ETFs launched in November 2025 across 5 providers and have accumulated roughly $1.49 billion in cumulative net inflows since. May 2026 was the strongest month of the year with $118 million, including a record $60.5 million week.
The streak ran 8 consecutive weeks into July, as crypto.news reported, before showing its first daily pauses, and assets under management sit near $1.05 billion, about 1.5% of the token’s market capitalization, led by Bitwise at $331 million, Canary at $265 million, and Franklin at $262 million.
Then market plumbing. Ripple closed its acquisition of prime broker Hidden Road in October 2025 and rebranded it Ripple Prime. On March 2, 2026, Ripple Prime joined the participant directory of the National Securities Clearing Corporation, placing an XRP-linked institution inside the DTCC complex that clears the bulk of American equity trading and safeguards roughly $100 trillion in assets. DTCC has since named Ripple Prime to the working group of more than 50 firms shaping its tokenization service for Russell 1000 stocks, ETFs, and Treasuries, scheduled for October 2026.
Then the ledger itself. XRPL tokenized assets grew from $991 million on January 1 to $3.5 billion by midsummer. In early May, JPMorgan, Mastercard, Ondo Finance, and Ripple completed the first cross-border tokenized US Treasury redemption on the XRPL, settling in under 5 seconds. Daily transactions hit 3 million on March 15, roughly three times mid-2025 averages.
A protocol amendment from XRPL version 3.1.0 that would enable fixed-term lending through Single Asset Vaults is under validator vote, and support has been climbing toward the 80% supermajority it needs, a governance process crypto.news has tracked as it approaches the threshold.
Then the stablecoin. RLUSD reached a $1.72 billion market capitalization in under a year, moved more than $18 billion in the first quarter alone, and Ripple hedged the strategy in July by joining Open USD, the consortium dollar token backed by Visa, Mastercard, Stripe, BlackRock, and more than 140 other companies.
Then the licenses. A full Electronic Money Institution approval from Luxembourg in February, UK Financial Conduct Authority permissions in January, and the full MiCA Crypto-Asset Service Provider license on July 6 that opened all 30 countries of the European Economic Area, arriving days after the transition deadline locked unlicensed competitors out of the bloc.
Any one of these, delivered into the 2024 market, would have produced a rally measured in double digits. Delivered into 2026, the entire list produced a chart that goes down and to the right.
The year XRP traded: an autopsy The price ledger is shorter and harsher. XRP closed 2025 near $1.90 after the July peak at $3.65, rallied to about $2.40 in the new year, then spent 2026 in decline: a sharp February selloff that prompted Standard Chartered to cut its year-end target from $8 to $2.80, a spring of lower highs between $1.28 and $1.50, a June that opened near $1.30 and closed near $1.04, and a July that has been a daily fight to defend the $1 line.
The token trades below every major moving average, with the 20-day near $1.11, the 50-day near $1.20, and the 200-day near $1.52. Relative strength readings in the low 30s mark the deepest oversold territory of the cycle.
Two facts about the decline matter for interpreting it. First, it was market-wide. Bitcoin fell from above $100,000 to below $62,000, briefly touching $58,000. Ethereum, Solana, and BNB fell comparably or worse; total crypto market capitalization shed $2.3 trillion over 8 weeks, and digital assets posted a third consecutive losing quarter, the longest streak since 2022, as institutional capital rotated toward AI equities. Everything outside Bitcoin and Ethereum lost roughly 23% in 6 months. XRP’s beta to that drawdown was high, as it always is, because the token falls harder than Bitcoin when sentiment turns.
Second, and more uncomfortable for the bull case, none of the good news interrupted it. The full MiCA license produced a 3% weekly decline around the preliminary approval and indifference at the final one. The DTCC milestone passed without a candle. The Treasury redemption pilot with JPMorgan, arguably the most institutionally significant event in XRPL history, is invisible on the chart.
The one catalyst the market visibly responds to is legislative: the token jumped 4.5% within an hour of the CLARITY Act clearing committee on May 14, and it sagged when the July 4 signing target slipped, price action crypto.news examined as the delay sank in. The market has, in effect, told everyone what it is waiting for, and it is not another license.
What the forecasters did with the same facts The professional forecasting record around XRP in 2026 is itself evidence of the disconnect, because analysts looking at identical data have produced the widest dispersion of targets for any large-cap asset.
Standard Chartered entered the year at $8 for 2026 and cut to $2.80 in February after the selloff, a 65% downgrade in a single revision, while explicitly leaving its 2030 target untouched at $28. The bank’s stated logic was that regulatory clarity, institutional involvement, and new investment products justify higher long-term valuations, but near-term price action would remain correlated with the broad crypto market. That is the lag thesis and the beta thesis coexisting in one research note.
Bitwise carries a $4.94 year-end forecast. JPMorgan’s contribution is conditional rather than directional: $4 to $8.4 billion of first-year ETF inflows if the CLARITY Act passes, with no comparable estimate under failure. Algorithmic models cluster far lower, in the $1.70 to $2 band, essentially extrapolating the chart. The professional consensus for year-end sits above $2, which would require a 77% rally from current levels in under 6 months, a move the asset has produced before but only during regime changes in sentiment.
Forecast dispersion this wide is unusual for an asset of this size, and it maps precisely onto the two readings of the disconnect. Analysts weighting the infrastructure see multiples of the current price; models weighting the tape see the current price as fair. When the same inputs produce a $1.70 answer and a $28 answer depending on the discount rate applied to institutional adoption, the market is not confused. It is unpriced, waiting on the one variable, classification, that neither the company nor the chart can supply.
The bear reading: the token and the company are different assets The uncomfortable thesis deserves its full strength. Ripple’s success and XRP’s value are linked by a mechanism, and the mechanism is thin.
Ripple the company earns revenue from payments, custody, prime brokerage, and stablecoin float. Almost none of that revenue requires the XRP price to be anything in particular. The company’s own announcements make the point unintentionally: the MiCA license release mentions XRP essentially once, in the boilerplate.
Ripple Payments has moved more than $100 billion across 60-plus markets, but most of that volume settles in fiat or RLUSD, and where it does route through the XRP Ledger, the burned fee per transaction is a fraction of a cent. 3 million daily transactions at those rates destroys token supply at a pace measured in rounding errors. The stablecoin strategy, on this reading, actively competes with the bridge-asset story that once justified the token: every corridor that settles in RLUSD is a corridor that does not need XRP volatility risk.
Supply mechanics deepen the skepticism, and they deserve their own accounting. Ripple releases up to 1 billion XRP from escrow every month under a schedule set in 2017, relocking the majority into new escrow contracts while a smaller portion enters circulation through sales and ecosystem distributions. The market has watched this metronome for years, and its psychological weight exceeds its mechanical weight: even in months when net new supply is modest, the release event itself gives traders a recurring reason to expect selling, and expectations of supply function like supply. Set the monthly release against the demand side and the imbalance is stark. The entire ETF complex has absorbed roughly $1.49 billion over 8 months, an average of around $6 million of daily buying, in a token that trades north of $1.4 billion in daily volume.
Institutional flows at that scale can support a floor; they cannot fight a distribution schedule and a bear market simultaneously. The bear case does not need Ripple to fail. It needs only for the demand mechanisms to keep growing slower than the supply mechanisms, which is a fair description of every month of 2026 so far.
There is also the exchange migration to consider from the skeptical side. Tokens leaving exchanges for ETF custody are commonly read as bullish scarcity, but a share of that movement is simply the same speculative holders changing wrappers, retail selling spot that funds buy into trusts, with no net new demand created. The flow data cannot distinguish conviction from repackaging, which is why the bears discount it. The comparison Brad Garlinghouse himself invited when he attacked Michael Saylor’s leverage model cuts both ways, as crypto.news observed: both Strategy and Ripple sit atop enormous token treasuries whose value depends on a market they are simultaneously supplying.
On this view, the 2026 chart is not a mispricing. It is the market correctly concluding that owning XRP is not owning Ripple, that the institutional build-out accrues to Ripple’s private shareholders, and that the token’s fair value is whatever speculative demand plus modest utility demand will bear in a risk-off tape. The disconnect is not a gap waiting to close. It is the honest spread between an equity story and a token story that were never the same story.
The bull reading: infrastructure is demand with a lag The counterargument does not deny any of that. It argues the causality has a delay measured in years, and that 2026 is the trough of the lag, not the verdict.
Start with the demand channels that did not exist 18 months ago. ETFs holding $1.05 billion sound small against a $69 billion market cap until you note the direction and the constraint: 8 straight weeks of net inflows through the worst quarter since 2022, from a buyer base that is still legally capped. Pension funds, sovereign wealth funds, and most insurance portfolios cannot allocate to an unclassified asset at all.
That is precisely the constraint the CLARITY Act removes by making XRP a digital commodity under CFTC oversight, and it is why JPMorgan and Standard Chartered independently project $4 to $8.4 billion in first-year inflows under passage, a 5- to 8-fold expansion of the current ETF base. The bill’s merged draft is due the week of July 13, with floor action targeted a week later. The single largest catalyst in the token’s history has a date range attached to it.
Second, the utility story is finally measurable instead of theoretical. Tokenized assets tripling to $3.5 billion, a functioning institutional redemption pilot with the largest bank in America, a lending protocol approaching validator approval, and RLUSD volume in the tens of billions are all activity that lives on the ledger whose native asset is XRP.
The fee-burn mechanism is tiny per transaction, but the investment case was never fee burn; it is that reserve requirements, liquidity provisioning, and settlement paths on a busy institutional ledger create structural demand for the asset that denominates it. Japan already offers the proof of concept, where SBI’s remittance corridors made the country the one place XRP is used at scale in production, a story crypto.news has documented, and Europe post-MiCA is the first market since Japan where Ripple holds the full regulatory stack to attempt a repeat.
Third, the on-chain footprint of conviction is visible even at the lows. Whale accumulation ran through the spring, with roughly 450 million XRP moving through Binance in a 10-day stretch in March, wallet creation hit a 3-month high near 5,000 per day in late June, and large-holder balances rose while retail sentiment collapsed. Someone with size is treating $1 as a level to buy, and the historical pattern in this asset is that accumulation phases at multi-month lows precede the violent repricings the token is famous for. July, for what it is worth, is historically XRP’s strongest month, averaging around 10% gains, though seasonality in a fear-gripped market deserves limited weight.
The bull synthesis: the company spent 2026 building the pipes, the law that fills them sits 3 weeks from a vote, and the price is a coiled spring compressed by macro conditions that have nothing to do with Ripple. Standard Chartered, even after cutting its 2026 target to $2.80, left its 2030 target at $28, which is the lag thesis expressed as a forecast.
The map of the battlefield at $1 For traders, the disconnect compresses into a few price zones that both camps agree on even while disagreeing about everything else.
Support is a dense band between $1.00 and $1.06, where a thick concentration of historical buying has absorbed every test since late June, including seven separate probes of the $1.04 to $1.06 area. Beneath it, the map goes dark: a decisive daily close below $1 opens territory the token has not traded since 2024, with the next meaningful demand zone estimated between $0.80 and $0.90. The bounce attempts of early July have built a sequence of higher lows above $1.03, and the immediate breakout zone sits at $1.056 to $1.066, where a surge of volume, at one point 1,400% above the hourly average, marked the strongest buying of the month.
Resistance begins where the moving averages live. The 20-day average near $1.11 and the descending channel midline have capped every rally attempt; above that, $1.18 to $1.20 is the zone that separates a technical bounce from a trend change, since it contains the 50-day average and the highs of the last failed breakout. A move through $1.20 would be the first structural repair of the year. The level that matters for the larger argument is further up: analysts broadly treat $1.65 as the line above which the downtrend that began at $3.65 would formally be broken.
The holder structure beneath those levels is where the two theses interact most directly. Exchange balances have been falling as tokens migrate to ETF custodians and cold storage, whale addresses have grown through the decline, and the retail cohort, measured by funding rates and sentiment indexes reading extreme fear, is maximally absent.
That configuration, shrinking liquid supply against a depressed price, is the classic setup for violent moves in both directions: thin order books amplify whatever catalyst arrives. A CLARITY passage into this structure would meet little overhead supply until the mid-$1.20s. A failure into this structure would find equally little bid support below $1. The market has arranged itself for an outsized reaction to a binary event, which is rational, because that is exactly what the calendar is offering.
What would actually settle the argument Disconnects resolve through evidence, and four specific markers will decide which reading was right.
The CLARITY floor vote before the August 7 recess is the binary. Passage activates the constrained buyer base and converts the classification question from risk to fact; failure removes the identified catalyst and hands the bear thesis another year of confirmation. Nothing else on this list matters as much.
XRPL settlement disclosures are the slow variable. Europe will produce client announcements through the fall; the tell is whether named institutions settle on the ledger or through RLUSD and fiat rails that bypass the token. Every disclosure is a data point for exactly the mechanism the two camps dispute.
ETF flow behavior around the $1 level tests the institutional bid. The first net outflow day arrived on June 30 as the quarter closed. If inflows resume through a flat tape, the allocation story survives the drawdown. If outflows follow the price down, the ETF base was momentum money wearing an institutional costume.
The lending amendment vote tests whether the ledger’s institutional roadmap ships. Validator support has been grinding toward the 80% threshold; activation would open uncollateralized fixed-term credit through Single Asset Vaults, the first XRPL primitive aimed squarely at the institutional DeFi demand the bull case requires.
One more marker sits outside the token entirely: Ripple’s own capital decisions. The company has explored an initial public offering intermittently, and hints have circulated that XRP holders might somehow participate in a listing. Nothing concrete has emerged, and nothing should be assumed, but the scenario clarifies the stakes of the disconnect better than any chart.
If Ripple lists, the market will finally price the company and the token side by side, in public, every trading day. Either the equity valuation validates the institutional story and drags attention back to the ledger that underpins it, or investors will buy the company and continue ignoring the token, at which point the decoupling thesis stops being a thesis and becomes a quote on two screens. The company has every incentive to make the token matter before that comparison goes live.
For holders, the practical takeaway is about position sizing against a calendar, not about conviction in either narrative. The next 26 days contain the merged CLARITY draft, a possible floor vote, the July escrow release, continuing ETF flow data, and the validator vote on the lending amendment. That is an unusual density of resolution for a single month. The disconnect between Ripple’s year and XRP’s year has been stable precisely because nothing forced the two stories to reconcile. The Senate schedule is about to force it.
The widest gap in crypto right now is not between any two tokens. It is between a company having its best year and a token having its worst, wearing the same three letters. Markets close gaps like this one eventually, and they are indifferent about the direction. 26 days of Senate calendar will supply the first, and probably decisive, piece of the answer.
On July 6, Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, upgraded Ripple’s preliminary Crypto-Asset Service Provider authorization into a full license under the European Union’s Markets in Crypto-Assets framework. The approval means Ripple can passport regulated crypto services across all 30 countries of the European Economic Area, from Lisbon to Helsinki, under a single national authorization. Cassie Craddock, Ripple’s managing director for the UK and Europe, framed the moment plainly: the company enters the post-transitional MiCA era fully compliant and ready to scale.
Summary
Ripple secured a full MiCA license in Luxembourg, allowing it to offer regulated crypto services across the European Economic Area. While Europe has given Ripple regulatory certainty, XRP’s legal classification in the U.S. still depends on the CLARITY Act. The article explores whether Ripple’s expanding regulatory footprint can eventually translate into stronger XRP demand. Five days later, on the other side of the Atlantic, the legislation that would finally tell American regulators what XRP actually is remained stuck in the Senate. A merged draft of the CLARITY Act is expected the week of July 13, floor action is penciled in for the week of July 20, and the whole effort still needs roughly 7 Democratic votes it does not currently have. Galaxy Research has cut its odds of passage in 2026 to a coin flip.
That is the strange position Ripple occupies in the summer of 2026. A company born in San Francisco, hardened by a 4-year fight with the Securities and Exchange Commission, and lobbying harder than almost anyone for American crypto legislation, is now more comprehensively regulated in Europe than it has ever been at home. The Luxembourg license is not just a compliance milestone. It is a measuring stick for how far apart the two largest Western markets have drifted, and a live experiment in whether regulatory certainty actually converts into business, and eventually into token demand.
What Ripple actually won in Luxembourg The July 6 approval was the second half of a two-part regulatory build that Ripple has been assembling in the Grand Duchy for most of a year. The first half arrived on February 2, when the CSSF granted Ripple full approval as an Electronic Money Institution. The EMI license lets the company issue electronic money and run regulated fiat payment services across the European Union. It followed a preliminary EMI approval a month earlier and came shortly after Ripple picked up an EMI license and a cryptoasset registration from the UK’s Financial Conduct Authority, extending the same regulated posture to Britain.
The CASP license completes the picture on the crypto side. Under MiCA, a Crypto-Asset Service Provider authorization covers custody, exchange, transfer, and related services for cryptoassets. Ripple received preliminary CASP approval from the CSSF on June 23, then satisfied the remaining conditions in under 2 weeks, converting the in-principle nod into a full license just after MiCA’s transition period closed on July 1. As crypto.news reported, the timing put Ripple inside the licensed perimeter at the exact moment the perimeter became a hard wall.
The combination matters more than either license alone. With the EMI approval, European banks, fintechs, and corporates can move regulated fiat and e-money through Ripple. With the CASP approval, the same clients can move cryptoassets and stablecoin flows through the same provider under the same rulebook. Ripple Payments, the company’s cross-border settlement product, has processed more than $100 billion across more than 60 markets globally. The Luxembourg stack gives that product a clean legal wrapper in a bloc of roughly 450 million people, with one regulator to answer to and 30 countries to sell into.
Ripple says its global license count now exceeds 75 authorizations, registrations, and approvals, a portfolio that spans Singapore, Dubai, New York’s BitLicense regime, and now the heart of the EU. Few crypto-native companies carry anything comparable. That was a deliberate strategy long before MiCA existed: sell to banks, and you must look like something a bank compliance department can approve.
The graveyard on the other side of the deadline The value of a MiCA license is easiest to see in what happened to the companies that do not have one. The regulation’s transition period ended on July 1, 2026. From that date, any firm offering covered crypto services in the EEA without CASP authorization must limit or stop those services. The European Securities and Markets Authority added 57 newly approved firms to its register right after the deadline, bringing the total to around 300 authorized providers. Set that against the more than 1,200 firms that operated in Europe under the old patchwork of national regimes, and the scale of the cull becomes clear. By some counts, only around 210 of those incumbent companies completed the licensing process in time.
The casualty list includes names that would have seemed untouchable 2 years ago. Binance, the largest exchange in the world by volume, failed to secure authorization in time through its Greek application and has told customers in several European markets that services are suspended while it seeks approval elsewhere. Tether chose not to apply at all, citing objections to MiCA’s stablecoin requirements, and USDT has been delisted from European venues as a result. Hundreds of smaller firms now face a choice between merging with licensed competitors, shrinking to non-covered activities, or exiting the region entirely.
The passporting mechanism is what makes a single national license so valuable. Under MiCA, a firm authorized in one member state can offer covered crypto services throughout the EU and the wider EEA without seeking separate national approvals, the same single-market logic that has governed European banking and investment services for decades.
Before MiCA, a crypto company wanting continental coverage needed a patchwork of national registrations, each with its own rules, timelines, and supervisory quirks, and each revocable on its own schedule. After MiCA, the choice of home regulator became a strategic decision, because one supervisor now stands behind a firm’s entire European footprint. That concentration cuts both ways.
A company with a Luxembourg license answers to a regulator with a long institutional finance pedigree and a reputation for rigor, which reassures bank counterparties. It also means a single supervisory dispute could, in theory, imperil access to 30 markets at once. Firms accepted that trade because the alternative, 30 separate relationships, was worse.
Luxembourg, meanwhile, has become one of the main gateways for the firms that made it through. Coinbase won its MiCA license from the CSSF in June 2025, opened a physical hub in the country, and migrated its EU operations into a dedicated Luxembourg entity.
Standard Chartered received its authorization through the same regulator. B2C2 took the Luxembourg route for its European trading business. Ripple now joins that group, which turns the Grand Duchy into something like the institutional crypto capital of the EU, a jurisdiction that courted the industry with dedicated blockchain legislation and a regulator willing to process serious applications quickly.
For Ripple specifically, the competitive math is straightforward. Every payments client it pitches in Europe now faces a shrunken menu of fully licensed providers. The company spent years and considerable money building a compliance posture that most rivals treated as optional. MiCA just made it mandatory, and Ripple crossed the line while much of the field did not.
The license lands on top of an institutional build-out The Luxembourg approval did not arrive in isolation. It caps 12 months in which Ripple assembled more institutional infrastructure than in the previous decade combined, which is what makes the token’s indifference so striking and the license so strategically loaded.
Start with the prime brokerage. Ripple closed its $1.25 billion acquisition of Hidden Road in October 2025, folding a multi-asset prime broker into the company and rebranding the operation as Ripple Prime. On March 2, 2026, Ripple Prime appeared in the participant directory of the National Securities Clearing Corporation, the DTCC subsidiary that clears the vast majority of American equity trades.
The Depository Trust and Clearing Corporation processes transactions measured in the quadrillions of dollars annually and safeguards roughly $100 trillion in assets. Having XRP-linked infrastructure inside that machine is the kind of positioning that takes years to arrange and cannot be improvised later. DTCC has since named Ripple Prime to the industry working group of more than 50 firms shaping its tokenization service for Russell 1000 stocks, major ETFs, and US Treasuries, scheduled to launch in October 2026.
Then the ledger itself. Tokenized real-world assets on the XRP Ledger grew from $991 million at the start of 2026 to roughly $3.5 billion by midsummer. In early May, JPMorgan, Mastercard, Ondo Finance, and Ripple completed the first cross-border tokenized US Treasury redemption on XRPL, clearing in under 5 seconds.
Daily transactions on the ledger hit 3 million on March 15, roughly triple the averages of mid-2025. RLUSD, the stablecoin at the center of Ripple’s settlement strategy, reached a market capitalization of $1.72 billion in under a year, with more than $18 billion in transfer volume in the first quarter of 2026 alone. And in July, Ripple joined Open USD, the consortium dollar stablecoin backed by Visa, Mastercard, Stripe, BlackRock, and more than 140 other companies, hedging its own stablecoin bet with a seat at the industry table.
Every item on that list is the kind of development that, in a friendlier market, would have carried its own rally. Instead, each landed on a chart grinding lower, which is a useful reminder of how much of crypto pricing in 2026 is macro beta and how little is project-specific fundamentals. The relevance to the Luxembourg story is this: the license is not a standalone trophy. It is the regulatory layer of a stack that now includes clearing access, tokenization rails, a stablecoin, and a prime broker. Europe is where that full stack can operate legally today.
Meanwhile in Washington: a bill, a deadline, and seven missing votes The contrast with the United States is not subtle. The CLARITY Act, the market structure bill that would sort digital assets into commodity and security buckets and hand spot market oversight of digital commodities to the Commodity Futures Trading Commission, has traveled further than any crypto legislation in American history. The House passed it 294 to 134 in July 2025. The Senate Banking Committee advanced its version 15 to 9 on May 14, 2026, with Democrats Ruben Gallego and Angela Alsobrooks crossing over. The bill sits on the Senate Legislative Calendar, eligible for a floor vote whenever leadership schedules one.
And there it sits. A unified draft merging the Banking and Agriculture Committee texts, reportedly more than 70 pages longer than the earlier versions and heavier on consumer protections, is expected as soon as the week of July 13, with floor action targeted for the week of July 20. The Senate breaks for recess on August 7.
Senator Cynthia Lummis has warned that failure in this window likely means no market structure law before 2030. Galaxy Research has lowered its passage odds for 2026 to 50%, down from 75% right after the committee vote, and Stifel’s Washington strategist has written that the bill’s prospects deteriorate materially if it misses the recess deadline.
The blockage is not primarily about crypto. It is about ethics. Senate Democrats have demanded language barring senior government officials, including the president, from holding business interests in the crypto industry, a demand aimed squarely at the Trump family’s estimated $2.3 billion in crypto exposure across memecoins, World Liberty Financial, and mining ventures.
The White House has said it will accept rules that apply across the board but not language that singles out one officeholder. A tentative compromise involving state attorney general enforcement fell apart. Even Gallego and Alsobrooks have said their floor votes depend on the ethics fix. As crypto.news covered, disputes over vacant SEC and CFTC commissioner seats have layered a second standoff on top of the first.
Two more fault lines complicate the count. Senator Amy Klobuchar has proposed an amendment that would block new CFTC rules from taking effect until at least four commissioners are confirmed, effectively turning the agency staffing dispute into a statutory switch on the entire regulatory framework the bill would create. CFTC Chair Selig has pushed back, arguing on July 9 that the bill is being derailed by matters extraneous to its substance and that the agency does not need a quorum to write rules.
And law enforcement groups have raised objections to Section 604, the developer protection language drawn from the Blockchain Regulatory Certainty Act, worried it could complicate illicit finance cases. Senator Ron Wyden countered on July 8 with a letter to Senate leadership urging that the BRCA provisions be preserved, giving the DeFi industry its one clear win of the month. Lummis, for her part, has answered the illicit finance critique by pointing to more than 16 safeguards in the text and $150 million in dedicated enforcement funding.
Add it together, and the arithmetic is unforgiving. Three working weeks remain in July, a defense spending bill competes for floor time, and every unresolved dispute needs to close simultaneously for 7 Democrats to move. The committee vote on May 14 offered a preview of what passage would be worth: within an hour of the 15-9 result, Bitcoin jumped to $81,449, and XRP gained 4.5% on the day. Citi has a $143,000 Bitcoin target and Standard Chartered a $150,000 target contingent on the bill becoming law. Markets have, in other words, priced regulatory clarity as a real asset. The Senate simply has not delivered it.
So the American question that matters most to Ripple, whether XRP is a digital commodity under CFTC oversight or something the SEC can still reach, remains formally unanswered. The 2023 court ruling in the SEC’s case against Ripple found that programmatic sales of XRP on exchanges were not securities transactions, and the SEC case itself ended in a settlement in 2025. But a court ruling in one district and a dropped enforcement action are not a statute. They are precedents that a future administration, a future commission, or a future judge could narrow. That is precisely the uncertainty the CLARITY Act exists to remove, and precisely the uncertainty Europe has already removed for Ripple’s payments business.
Does a license move a token? Here is where the bull case and the bear case split, and both deserve a fair hearing.
The bear case is blunt: the Luxembourg license is a company milestone, not a token catalyst. Ripple’s own announcement barely mentions XRP. The approval covers Ripple’s regulated payments services, not its tokens, and MiCA runs a separate authorization track for stablecoins that RLUSD has not yet cleared. Until that happens, Ripple’s own dollar token cannot be offered to the European public, a gap rivals like Circle’s USDC do not have.
Most Ripple Payments volume today settles in RLUSD or fiat, not XRP, and where XRP does route payments across the XRP Ledger, the fees burned per transaction amount to fractions of a cent. When the preliminary CASP approval landed in June, XRP fell about 3% that week alongside the broader market. The market looked at the news and, quite rationally, did not treat it as a buy signal.
The token’s price action through 2026 supports that reading. XRP peaked near $3.65 in July 2025, closed last year around $1.90, and has spent this summer defending the $1 level, trading recently in the $1.05 to $1.13 range. None of Ripple’s regulatory wins arrested the slide, because the slide was never about Ripple. It tracked a market-wide drawdown that pulled Bitcoin below $60,000 and cut altcoins far deeper.
The bull case asks for a longer clock. Regulatory moats compound slowly. Ripple can now sell regulated crypto payments to European banks and corporates at a moment when much of its competition legally cannot, and enterprise procurement cycles that begin in 2026 produce volume in 2027 and 2028. If that volume increasingly touches the XRP Ledger, whether through On-Demand Liquidity corridors, RLUSD flows that settle on XRPL, or tokenized asset activity, the token accrues usage that exists independently of speculative sentiment.
Institutional demand channels are also open in a way they were not a year ago: spot XRP ETFs have logged roughly $1.49 billion in cumulative net inflows since launching in November 2025, and as crypto.news noted, that streak recently stretched to 8 consecutive weeks even as the price languished. Standard Chartered and JPMorgan have both projected $4 to $8.4 billion in first-year ETF inflows if the CLARITY Act passes and unlocks allocators who cannot touch unclassified assets.
The honest synthesis is that the license changes Ripple’s revenue trajectory with high confidence and XRP’s demand trajectory with low confidence. The link between the two runs through actual ledger usage, and that is a metric to watch, not a headline to trade.
The deeper pattern: Two systems, two bets Step back from Ripple and the transatlantic gap looks like two different theories of how to regulate an industry.
Europe chose comprehensiveness first. MiCA is a single rulebook, written once, applied across 30 countries, with a hard deadline and real exclusion for non-compliance. Its critics have a point: the regime’s stablecoin rules, including a blanket ban on interest and heavy bank-deposit reserve requirements, pushed the largest stablecoin issuer on earth out of the market, and the European Commission has already opened a consultation on whether parts of the framework need repair. A rulebook that excludes Tether and stalls RLUSD is not obviously optimized for growth. But it exists, it is enforceable, and a company that clears it knows exactly where it stands.
The United States chose litigation first and legislation later, maybe. The SEC’s enforcement campaign defined the rules by lawsuit, Ripple’s case being the canonical example, and the current Congress is attempting to replace that regime with statute under intense time pressure and presidential conflict-of-interest baggage that no other financial bill has ever carried. The fallback if CLARITY fails is the SEC’s administrative framework known as Regulation Crypto, which Chair Paul Atkins has described as a bridge to legislation. A bridge built by one commission can be dismantled by the next, which is exactly the problem statutes exist to solve. Similar dynamics played out in the stablecoin fight that preceded this one, where, as crypto.news reported, even a bill that eventually passed spent months hostage to fights over state versus federal authority.
For a company like Ripple, which sells to the most conservative buyers in finance, the European bet pays off immediately, and the American bet pays off only if Congress acts. Cross-border payments are also a business where network effects follow regulatory access. Japan already shows what deep institutional integration looks like, with SBI running XRP-based remittance corridors that have no real American equivalent, a story crypto.news has examined in depth. Europe is now the second major bloc where Ripple can attempt that playbook with full regulatory cover. The United States, the company’s home market, is the one place where it still cannot.
There is one more wrinkle worth naming. If the CLARITY Act does pass before the August recess, the transatlantic gap closes fast, and it closes in a way that favors assets with existing institutional plumbing. XRP would enter CFTC jurisdiction as a digital commodity with ETFs already trading, a prime brokerage arm already inside the DTCC’s clearing ecosystem, and a European license portfolio already generating regulated volume. The pieces would connect. If the bill dies, the gap becomes the story for another year at minimum, and Ripple’s center of commercial gravity keeps shifting toward jurisdictions that gave it an answer.
What to watch from here Three markers will tell the story faster than any press release.
First, RLUSD’s European stablecoin authorization. The EMI license gives Ripple the corporate foundation to seek approval for its stablecoin under MiCA’s separate e-money token rules. Until that clears, the most natural settlement asset in Ripple’s European stack stays off the shelf for public offering, and the license story remains half finished.
Second, disclosed European client wins. Licenses are permission, not demand. The proof that regulatory certainty converts into business will arrive as named banks, payment providers, and corporates routing volume through Ripple Payments in the EEA. Watch for whether those announcements specify XRPL settlement or quietly settle in fiat and RLUSD, because that distinction is the entire XRP investment case in miniature.
Third, the Senate floor in the last 2 weeks of July. The merged CLARITY draft, the ethics compromise or its absence, and the 7-Democrat math will determine whether the United States joins Europe in giving Ripple a rulebook or hands the company another year of asymmetry. Either outcome is informative. One of them is also tradable.
The Luxembourg license will not move XRP this week, and anyone claiming otherwise is selling something. What it does is quietly settle an older argument. For years, skeptics said Ripple’s compliance-heavy strategy was expensive theater in an industry that rewarded speed over permission.
In Europe, in July 2026, permission became the product. The companies that skipped the theater are locked out of a market of 450 million people, and the company that endured 4 years of litigation from its own government is, for the moment, more welcome in Brussels than in Washington. That inversion says less about Ripple than it does about the two systems that produced it, and the next month will reveal whether the American half of the story finally catches up.
XRP’s 50 EMA, 100 EMA and 144 WMA are now compressing during a prolonged two-week consolidation phase. A rebound toward $1.60, followed by a Fibonacci-zone retest, could validate the proposed double bottom. Weekly RSI near 34 shows bullish divergence, suggesting downside momentum may be weakening around support. Analysts identify $1.22 and $1.60 as key confirmation levels before any broader trend reversal is verified. XRP is testing a critical long-term support zone as analysts assess whether the latest decline has established a durable market bottom. Technical signals, including moving-average compression, wave patterns and weekly momentum, suggest the asset may be entering a broader bottoming phase. However, confirmation still depends on its ability to reclaim key resistance levels and hold support during any retest.
Moving Averages Compress Near a Critical Price Zone According to market analyst EGRAG Crypto’s two-week chart, the 50 EMA, 100 EMA, and 144 WMA are converging during an extended consolidation. The analyst said this is the first major compression of those averages within the current structure.
According to the chart, similar compression previously appeared after a macro low and before a large price expansion. Nevertheless, the current setup still requires several confirmation steps.
The first condition is a rebound toward the 50 EMA near $1.60. EGRAG then expects a rejection, followed by a retest of the 0.618-to-0.50 Fibonacci area. That zone sits below the rebound target and is described as the decisive accumulation range.
#XRP – 2-Week Time Frame: Has the Bottom Already Been Printed?
One observation caught my attention…
👉For the first time, the 50 EMA, 100 EMA, and 144 WMA are compressing together during a major consolidation.
👉Historically, this type of compression has occurred after the… pic.twitter.com/o7lqaKJYSE
— EGRAG CRYPTO (@egragcrypto) July 11, 2026
Holding it would support a double-bottom structure after a lower low. The chart places XRP near $1.10, close to the lower section of the long-term triangle. It also shows rising support extending from earlier cycle lows.
The two-week chart also marks a red horizontal support band and a narrowing symmetrical triangle. XRP price remains above the lower boundary, but it has not broken the upper trendline.
EGRAG listed $5.00 to $6.50 as a conservative measured-move range if the previous cycle’s expansion repeats. Higher Fibonacci extensions were marked near $9, $15, and $31.
Those figures remain technical targets rather than confirmed outcomes. Their relevance depends on price reclaiming resistance and preserving the proposed retest zone.
Weekly RSI Divergence Adds Momentum Confirmation On the same accord, market analyst Dark Defender’s weekly chart presents a separate framework based on Elliott Wave structure and relative strength. The analyst identified the recent low as a possible Wave 4 completion.
The chart places major reference levels at $0.9327, $1.2193, $1.8815, $2.9032, and $5.8563. XRP was shown near $1.11, between the first two levels.
According to the chart’s analysis, a rising lower trendline supported the recent decline, while the XRP price remained below a descending resistance line. That leaves the market compressed between support and overhead supply.
And now, $XRP weekly is quietly turning.
The Macro Wave 4 Low Is Likely In, Wave 5 Surge to Double Digits is Loading.
A hidden bullish divergence just printed on the weekly RSI, too.
Most people will realise Wave 4 bottomed months after it did. Some already know 🙂 pic.twitter.com/qWoYMuiiL1
— Dark Defender (@DefendDark) July 11, 2026
Dark Defender also marked a hidden bullish divergence on the weekly RSI. The indicator was near 34, close to the lower end of its recent range. Basically, a bullish divergence appears when momentum improves while price remains weak.
As a result, traders often use that pattern to identify fading downside pressure, although it does not confirm reversal. That distinction matters, as technical compression can precede movement in either direction.
Momentum evidence therefore needs confirmation from price and volume. Together, the charts identify clear thresholds that separate a potential durable base from a confirmed long-term reversal.
The combined evidence supports a developing bottom thesis, not a completed one. The strongest confirmation would come from a sustained recovery above $1.22 and then $1.60.
Until those levels are reclaimed, the charts show stabilization rather than a verified trend change. The bottom may have formed, but price confirmation remains incomplete.
Ripple CEO Brad Garlinghouse has revealed that his company also shut down after the Securities and Exchange Commission (SEC) sued it in 2020. He highlighted how they faced a dilemma after the Commission sued them, seeing as the government had unlimited resources to see the lawsuit through to the end.
Ripple CEO Says The Crypto Firm Almost Shut Down In an appearance at the KU School of Business, Garlinghouse said that they almost decided to shut down the company after the SEC sued them. He noted that the government had “infinite power and resources,” signaling that they faced a tough decision about whether to challenge the lawsuit.
The Ripple CEO further remarked that shutting down the company would likely have been an easier choice. Under such a scenario, he said that they would have simply distributed their XRP holdings to shareholders on a pro rata basis and informed the SEC that they no longer held ay XRP since the Commission said it was a security.
However, he added that such a decision would have been a bad outcome, seeing as hundreds of people would have lost their jobs. In line with this, he said he was glad they did not make such a decision, although it wasn’t easy at the time. The SEC sued Ripple in 2020 over the sale of XRP, and both sides eventually settled the long-running lawsuit last year after the Trump administration took office.
It is worth noting that the SEC had also sued Garlinghouse and Ripple co-founder Chris Larsen, claiming that they had sold XRP as an unregistered security. However, Judge Analisa Torres eventually ruled that XRP was not a security in itself. Interestingly, the Ripple lawsuit judge recently handed Kalshi a major loss in its case against New York, ruling that New York state gambling laws apply to Kalshi’s sports-related event contracts.
XRP Community Member Reflects On The Journey Commenting on how far Ripple and XRP have come, community member BankXRP noted that Ripple’s U.S. business is fully back and that the company has secured licenses across multiple jurisdictions. As CoinGape reported, Ripple recently secured a new EU license, making it MiCA-compliant.
I remember December 2020 like it was yesterday.
SEC sues Ripple. Exchanges start delisting XRP overnight. Coinbase, one by one, others follow.
XRP is done. It’s over, sell before it goes to zero. Ripple is finished, the SEC just killed it.
For almost 2 years, that was the…
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) July 11, 2026
Meanwhile, BankXRP added that institutional partnerships are stacking up globally for the crypto firm, while banks are building on the XRP Ledger (XRPL) rather than just talking about it. “The same “dead” project people wrote off in 2020 is now sitting at the center of institutional adoption,” he said.
The XRP community member also declared that bear markets and lawsuits do not kill real conviction; rather, they just test who actually understood the thesis in the first place.
For more on regulated crypto firms, please check out Best Regulated Crypto Exchanges in Europe in July 2026 – MiCA Compliant List
XRP is approaching a significant long-term support zone as technical analysts monitor whether recent declines have produced a stable bottom. Chart patterns and momentum indicators present early signs of possible recovery, but analysts caution that price confirmation remains essential before any lasting reversal is considered.
Moving averages compress at key supportOn the biweekly chart, market analyst EGRAG Crypto observed that XRP’s 50-day exponential moving average (EMA), 100-day EMA, and 144-week moving average (WMA) are converging for the first time in the current market cycle. This compression follows an extended period of consolidation lasting more than two weeks.
Historically, similar moving average compression has preceded major price expansions after macro lows. However, EGRAG Crypto noted that several steps are required for technical confirmation.
The first key signal is a bounce toward the 50 EMA at approximately $1.60. EGRAG Crypto believes a rejection from this level, followed by a retest of the 0.618-to-0.50 Fibonacci support zone, would reinforce the potential for a double-bottom structure near the $1.10 level, close to the lower region of a long-term triangle pattern.
XRP’s 50 EMA, 100 EMA, and 144 WMA have converged during a rare consolidation, an alignment that has previously been followed by strong price moves if confirmed by other signals.
Analysts emphasize that holding the Fibonacci support could establish a durable base, while a failure to maintain this zone would limit bullish prospects. XRP continues to trade above a critical horizontal support band, but it has not broken past the top of its symmetrical triangle on the same timeframe.
EGRAG Crypto set out technical upside targets based on previous cycle expansions, identifying a measured move zone between $5.00 and $6.50. If momentum persists, higher potential extension levels lie at $9, $15, and $31.
These targets remain theoretical without first reclaiming and sustaining key resistance levels. Analysts say focus should remain on whether XRP can break above $1.22 and later $1.60 during subsequent rallies.
Mini dictionary: EMA (Exponential Moving Average) and WMA (Weighted Moving Average) are technical analysis tools that smooth price data to help traders identify trend directions and potential support or resistance levels.
LevelStatus / Potential role$1.10Near current support, lower triangle boundary$1.22First key resistance to reclaim$1.6050 EMA, target for initial rebound$5.00–$6.50Measured move if structure confirms$9, $15, $31Higher extension targetsWeekly RSI divergence and Elliott Wave analysisTechnical strategist Dark Defender provided a separate weekly chart perspective using Elliott Wave counting and the relative strength index (RSI). According to this outlook, the pullback may have marked the end of Wave 4, with potential for an upward surge if a trend change is confirmed.
The chart presents reference points at $0.93, $1.22, $1.88, $2.90, and $5.85, with XRP lately moving around $1.11, between the first two levels.
The lower trendline appears to have sustained XRP’s recent drop, while the price continues to sit below descending resistance. This has forced a compression between persistent support and supply overhead.
Weekly RSI hovers near 34, revealing a hidden bullish divergence, which often signals that downward pressure is easing even as prices retest their lows.
Dark Defender identified that a hidden bullish divergence on the weekly RSI has emerged, which traders view as an early sign that the bearish trend may be losing momentum. With the RSI at a low level, any strengthening could further support the outlook for stabilization, but analysts warn that trend confirmation relies on price advancing past critical resistance zones. A rise above $1.22—and more decisively, $1.60—would be necessary before declaring a robust recovery.
Until then, chart signals indicate possible stabilization rather than full reversal. While the evidence for a developing base has grown, analysts agree that the next phase will be determined by XRP’s ability to overcome its resistance levels on strong volume.
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.
Where Is Ethereum Node Activity Concentrated? Nearly a third of Ethereum node activity is hosted in the United States, while roughly 39% sits across the European Union excluding the UK, according to new research from the Cambridge Centre for Alternative Finance.
The findings show that Ethereum’s infrastructure remains heavily Western-centric, even if it is not dominated by one country. That distinction matters for a network built around geographic and operational resilience. A broad spread across several advanced markets reduces the risk of single-country dependence, but it does not remove exposure to common legal systems, cloud providers, and hosting policies.
Alexander Neumuller, research lead at the Cambridge Centre for Alternative Finance, described the distribution as healthy as a personal view rather than a formal finding, while also saying it is an area the Ethereum community should continue to monitor.
“Geographical distribution is something desirable for a network,” Neumuller said.
The issue is not only where nodes are located. Ethereum also depends on the diversity of the infrastructure running those nodes. If too much activity clusters around the same providers, the network can face correlated outages, policy shocks, or operational failures that affect many participants at the same time.
Why Does The One-Third Validator Threshold Matter? Ethereum does not need half of its validators to fail for the network to face a live disruption. If more than a third of validators go offline at once, checkpoints stop finalizing. That makes the one-third threshold a key operational risk level for Ethereum’s proof-of-stake design.
The research flagged concentration around 3 hosting providers: Hetzner, AWS, and OVH. That clustering matters because hosting providers can become points of shared vulnerability. An outage, terms-of-service dispute, regulatory order, or enforcement action affecting a major provider could have wider consequences than an isolated node failure.
Hetzner’s terms of service had at one point barred running blockchain nodes, though Neumuller said that may have changed. The broader point remains: Ethereum’s decentralization is not only about validator counts. It also depends on where those validators connect, what infrastructure supports them, and how exposed that infrastructure is to common failure modes.
Neumuller also cautioned that nodes and validators do not map one-to-one. No one knows precisely how many validators operate behind any single node. That uncertainty makes infrastructure concentration harder to measure and harder to manage.
Investor Takeaway Ethereum’s geographic spread looks healthier than a single-country concentration problem, but hosting-provider clustering remains a live operational risk. The key threshold is not 50% of validators going offline; it is more than one-third failing at once, which would stop checkpoints from finalizing.
Why Is Node Location Also A Legal Question? Ethereum’s node geography carries legal and regulatory weight. In 2022, the U.S. Securities and Exchange Commission argued that it had jurisdiction over Ethereum because most nodes were hosted in the United States, meaning transactions would fall under U.S. securities law.
That argument shows why node distribution can become more than a technical metric. If a regulator can point to infrastructure concentration inside its borders, it may try to claim stronger authority over activity on a supposedly global network. For Ethereum, a wider distribution across regions can help reduce the force of that argument, but it does not eliminate jurisdictional risk.
The same concern applies to client software concentration. A network can appear geographically distributed while still depending heavily on a small number of dominant software clients. If one dominant client contains a serious bug, the problem can propagate across the network quickly. The Cambridge report includes distribution data for both consensus and execution clients, highlighting that decentralization needs to be measured across several layers at once.
For exchanges, custodians, staking providers, and institutional users, these infrastructure questions are becoming part of operational due diligence. Ethereum’s technical performance is only one side of the risk profile. Legal exposure, hosting concentration, client diversity, and validator resilience all affect how institutions assess the network.
How Did Ethereum’s Energy Profile Change After The Merge? The report, titled “Ethereum After the Merge,” also revisits Ethereum’s energy consumption using updated methodology. The new estimate incorporates empirical data on how nodes are split between residential and commercial hosting, rather than relying only on theoretical assumptions.
Ethereum now consumes about 7.9 gigawatt-hours annually, equal to roughly 1 megawatt of continuous power or about 2,000 UK households. That marks a drop of about 99.98% compared with pre-merge levels, reflecting the shift from proof-of-work mining to proof-of-stake validation.
The research also estimated that sustainable power use across the network now exceeds 56%, compared with a global average of 43%. That makes Ethereum’s post-merge energy profile materially different from its former proof-of-work model and from networks that still rely on energy-intensive mining.
Neumuller said offsetting Ethereum’s total annual emissions with high-quality nature-based removal credits would cost between £25,000 and £55,000, or about $33,500 to $73,800. He described that figure as the finding that surprised him most.
Investor Takeaway Ethereum’s energy risk has fallen sharply since the merge, but decentralization risk has not disappeared. Investors should separate the network’s improved environmental profile from its remaining infrastructure questions around hosting, validators, clients, and jurisdiction.
What Does This Mean For Ethereum’s Institutional Case? The findings strengthen part of Ethereum’s institutional narrative while keeping pressure on its decentralization claims. The energy data gives asset managers, custodians, and corporate users a cleaner environmental argument than Ethereum had before the merge. The node and hosting data, however, show that operational resilience remains an area requiring continued attention.
That split is important. Ethereum can be far less energy intensive while still facing concentration risks. Its long-term institutional adoption will depend not only on lower emissions, but also on whether the network can maintain credible geographic, software, and infrastructure diversity as more value moves onto the chain.
For now, the research presents Ethereum as a network with a significantly improved energy footprint and a decentralization profile that is broad but not risk-free. The next test is whether node operators, staking providers, and infrastructure firms can reduce correlated exposure before a provider-level outage, legal challenge, or software failure turns a theoretical risk into a live network event.
Predict.fun World Cup Knockout Stage: England’s qualification probability stands at 64%, while Norway only secures 35% market support.
Data from prediction market platform Predict.fun shows that the upcoming 2026 FIFA World Cup quarterfinal will pit Norway against England. As of press time, the market assigns England a roughly 64% probability of advancing, while Norway’s advancement odds stand at around 35%. Notably, Norway, making its first-ever appearance in the World Cup quarterfinals, has already notched its best result in team history. The side’s top striker Haaland has netted 7 goals in the tournament, including a brace in just 11 minutes during the previous round to help Norway eliminate Brazil. For England, Kane has contributed 6 goals, with players like Bellingham and Gordon also consistently chipping in offensively. However, England has conceded goals in two straight knockout matches. Against the in-form Haaland, containing his performance will be the key to deciding the match’s winner.
8 hours ago
Polymarket generated $1.88 million in revenue over the past 24 hours, placing it third among crypto protocols.
According to Defillama data, Polymarket generated $1.88 million in revenue over the past 24 hours, surpassing Canton and Hyperliquid to rank as the 3rd highest-earning crypto protocol. The protocol’s cumulative revenue has exceeded $94 million.
8 hours ago
JPMorgan Chase is testing an AI investment agent that can autonomously adjust stock and bond allocations.
JPMorgan Chase is testing AI agents that can autonomously adjust the proportion of stock and bond investments to dynamically rebalance portfolios based on changes in market conditions. Test results show that in a 20-year historical backtest, the best-performing AI model delivered an annualized return 0.7 percentage points higher than the traditional "60/40" stock-bond portfolio, while also boasting lower volatility. All 8 AI agents tested by JPMorgan achieved higher risk-adjusted returns. However, the bank noted that the results are still based on simulated tests and do not represent actual investment performance. JPMorgan also warned that large-scale adoption of AI could lead to convergence of trading strategies, increase crowded trades, and amplify market volatility under stressed conditions.
8 hours ago
Yangtze Memory Technologies announced its IPO advisory team, comprising a total of 31 members from CITIC Securities and China Securities Co., Ltd.
The China Securities Regulatory Commission (CSRC) official website updated the first-phase progress report on Changjiang Storage’s IPO counseling work on July 10. A total of 31 personnel from two securities firms, CITIC Securities and China Securities Construction Investment, form the counseling team. The current counseling period runs from May 19 to June 30, 2026, with work carried out via multiple methods including on-site due diligence, centralized training sessions, and targeted issue communications. The next phase of counseling will focus on two areas: First, for issues identified during the process, coordinate timely discussions between intermediaries and the company, develop standardization plans, and urge the counseled entity to fully implement rectification requirements. The working group will also continue to push the company to improve its corporate governance and internal control systems, enhancing its standardized operation level. Second, urge the company to thoroughly understand laws, regulations and rules related to issuance, listing and standardized operation, and clarify its responsibilities and obligations in areas such as information disclosure and fulfillment of commitments. (Jinshi)
8 hours ago
Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.
Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.
8 hours ago
The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.
Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.
Ethereum has undergone significant change over time, particularly since The Merge.The upgrade replaced the energy-intensive Proof-of-Work (PoW) system with Proof-of-Stake (PoS).
With this change, Ethereum currently uses about 8,522 physical nodes, many of which house multiple validators, and nearly 894,000 validators.
Source: CCAF Report As a result, Ethereum now consumes only 7.87 GWh of electricity annually, or about 0.90 MW of continuous power. That is less than half the British Museum’s annual electricity consumption.
Before The Merge, the network required roughly 2.4 GW of continuous power.
Since then, Ethereum’s electricity consumption has fallen by more than 99.9%, marking one of the largest energy reductions by a major blockchain.
Is Ethereum truly decentralized? Additionally, the Cambridge Centre for Alternative Finance (CCAF) report highlighted that Ethereum’s infrastructure is decentralized despite being geographically concentrated. Of all nodes, roughly 62% are hosted by the United States (31%), Germany (16%), Finland (8%), and France (6%).
Source: CCAF Report Another significant discovery is that 56.4% of the electricity used to power Ethereum originates from sustainable sources, such as 17% nuclear energy and 39.4% renewable energy.
Given the electricity mix of the main host nations, natural gas continues to be the largest fossil fuel source at 27.7%. The fact that Ethereum’s sustainable energy share is higher overall than the global average of about 43% shows how much the network depends on cleaner electrical grids.
What does Ethereum’s carbon footprint mean for the network? At the same time, Ethereum’s carbon footprint has dramatically decreased in tandem with its dramatic decrease in electricity consumption. As per the report, the network has reduced its emissions by 99.98% from its final Proof-of-Work era to an estimated 2.37 kilotonnes of CO₂ equivalent (ktCO₂e) per year.
Source: CCAF Report To put this into perspective, Ethereum’s yearly emissions are equivalent to the carbon footprint of roughly 900 households in the UK.
Interestingly, future developments, like stateless verification, may further minimize the need for energy and hardware, reducing Ethereum’s carbon footprint while maintaining its decentralization and security.
What’s ahead? This further coincided with Ethereum’s development that has entered a new phase as researchers unveiled “Lean Ethereum,” a multi-year overhaul aimed at the network’s long-term evolution. The plan intends to replace the Ethereum protocol’s cores over a period of roughly three to four years, as opposed to a single upgrade.
While these developments were happening, Ethereum’s price surged by 1.42% in the previous day and was now trading at $1,798.71 at press time. The MACD and RSI indicators also showed that bulls are more aggressive than they were previously. However, ETH needs to surpass the $1.8k mark in order for the bulls to continue.
Source: Trading View Final Summary Ethereum roughly has 62% of all nodes hosted by the United States, followed by Germany, Finland, and France. The network has reduced its emissions to an estimated 2.37 kilotonnes of CO₂ equivalent (ktCO₂e) per year.
11 July 2026 | 19:01 Ethereum trades near $1,805 on July 11, pushing above the falling 50-day moving average and probably going for a retest attempt.
The rebound from the $1,505 June low has now returned Ethereum to the exact zone where its last weeks of trouble began. Price is working through a confluence at $1,805: the horizontal shelf that rejected the late-June recovery attempt and the descending 50-day SMA have converged into almost a single band. Holding above it after the initial push would be the first successful retest of the 50-day since the average turned lower in May.
Daily technical chart for ETH/USD, displaying recent price trends against key moving averages. Clearing the band probably would shift the target to the 0.382 Fibonacci retracement of the decline, around $1,870. Above that, the chart is thin until the 100-day average and the $2,000 area where a rising trendline was lost. Failure at the current confluence, by contrast, leaves the sequence of lower highs intact and puts the $1,700 area back in play as the first support, with the $1,505 low as the structural floor.
A Tenfold Bridge Spike Adds a Demand Angle The flow data supplies the fundamental story the chart lacks. ETH bridged from Ethereum mainnet to Robinhood Chain increased roughly 10x over the past week, crossing $100 million in cumulative deposits, according to Token Terminal data. The chain, Robinhood’s layer-2 network built for its tokenized equities push, uses ETH as its native gas token, which means every account funded and every transaction executed on it consumes ETH-denominated resources.
ETH bridge deposits from Ethereum to Robinhood Chain have surged by approximately 10x in the past week, surpassing $100 million. The number is small against Ethereum’s market capitalization which is around $219B per CoinMarketCap, and one week of bridge flows does not establish a trend. What makes it worth tracking is the mechanism: unlike exchange inflows, which typically precede selling, bridge deposits to an ETH-gas network represent ETH being put to work rather than put up for sale. If Robinhood’s tokenized stock volumes keep scaling, the bridge becomes a recurring bid for ETH from a brokerage user base that mostly did not hold it before, a demand source independent of crypto-native sentiment.
Confirmation for the bullish read is specific: a daily close above the 50-day band, a hold on the retest, and continued weekly growth in Robinhood Chain deposits. Rejection at $1,805 paired with a flattening of the bridge curve would mean both the technical and the flow argument failed at the same time, and the range floor becomes the operative level again.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or legal advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
