The XRP Ledger has entered a period of noticeably weaker on-chain activity, as key network metrics fall to some of their lowest levels this year.
Data from Santiment shows that daily active addresses recently dropped to 25,350, marking the second-lowest level recorded this year. Meanwhile, new wallet creation fell to 2,130, its lowest point since November 2024.
Notably, these figures show that activity on the network has slowed sharply, even though XRP continues to show resilience above the crucial $1 psychological mark.
This decline did not happen all at once, as active addresses gradually trended lower over several weeks after reaching stronger levels earlier in June. Each drop settled below the previous one until the latest reading, showing that participation on the network kept fading.
The trend has also continued beyond the lows highlighted by Santiment. Specifically, daily active addresses have since fallen further to 22,888.
Mid-June Recovery Lost Momentum While network activity saw a decline in early June, this trend briefly paused on June 15, when increased dip buying lifted XRP’s price and the number of active addresses. For a short time, the move suggested that interest in the network had returned and that activity could begin to recover.
XRP Network Activity | Santiment However, the momentum was short-lived. XRP soon corrected back to its familiar $1.05 to $1.15 trading range, while active addresses resumed their decline. The network never regained the activity levels seen before or during the brief rally.
Market data suggests that the rebound emerged as a result of short-term buying from existing holders rather than fresh demand entering the market. Notably, the network did not attract a noticeable wave of new users during that period.
Data on XRP wallet creation supports this idea, as new address growth rose but failed to match the rally and uptick in wallet activity. Essentially, the increase in activity came mainly from users who were already on the network, not newcomers joining the XRP Ledger.
Stable Price Hides Falling Network Activity Now, the XRP ecosystem is witnessing a widening gap between XRP’s price and XRPL on-chain activity. Specifically, while network participation has continued to weaken, XRP has held relatively steady around $1.0962.
The token has avoided a major price breakdown below $1 even as active addresses and wallet creation have fallen to multi-month and year-to-date lows.
This gap suggests that existing liquidity and large holders have persistently supported the price despite fewer users actively engaging with the network. In a stronger market, price stability at these levels would usually come with growing network activity.
XRP Still Needs a Strong Catalyst Santiment believes several developments could help reverse the current trend and support a move toward $1.50.
These include wider adoption of RLUSD, more tokenized assets on the XRP Ledger, increased institutional payment activity, continued expansion of the EVM sidechain, and the launch of lending tools.
If these developments gain real traction, they could bring more users to the network and provide stronger support for higher prices. However, for now, the data shows little sign that those catalysts have started driving network activity.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
Hyperliquid (HYPE) is maintaining a bullish technical setup as the cryptocurrency holds steady despite a period of price consolidation. Technical analysts noted that recent chart patterns continue to support strong buyer activity, while the project’s latest achievement—a spot on a major crypto index fund—has brought new institutional attention.
Technical analysis points to cup and handle breakoutAt last check, HYPE traded at $67.07 with a 24-hour volume of $347.94 million and a market capitalization of $17.01 billion. While the price remained relatively flat over the past day, chart analysts focused on the cryptocurrency’s potential for a bullish reversal.
Crypto analyst Bitcoin Meraklisi reported a confirmed cup-and-handle breakout pattern on the HYPE chart following an extended period of accumulation. The token surged above a critical neckline near the $57 to $59 range and successfully retested this support zone. This move, according to the analyst, affirms the positive market structure and indicates that buyers are confident in defending higher price levels.
After breaking above $57–59 and successfully retesting the region, HYPE has solidified its bullish technical formation. If the price remains above $66–68, continued upward momentum is likely. Breaching $74.60 could lead to a further rally fueled by increased demand.
Shortly after the technical breakout, HYPE rallied toward $74.60 before entering a period of sideways consolidation around $69.25. Market observers interpreted this movement as healthy profit-taking rather than a loss of upward momentum.
If HYPE maintains support above $66 to $68, traders indicate the bullish outlook remains intact. On the upside, surpassing $74.60 could pave the way for a fresh rally. Conversely, losing support at the $57 to $59 area would invalidate the bullish pattern and could open the door to further declines.
Price LevelTechnical Significance$57–59Support/neckline, pattern invalidated if broken$66–68Short-term support to maintain bullish momentum$74.60Breakout level, triggers new rally if surpassed$172Long-term technical targetHYPE secures position in Bitwise 10 Crypto Index ETFHyperliquid achieved a key milestone when Bitwise, a leading digital asset manager, announced the inclusion of HYPE in its Bitwise 10 Crypto Index ETF (BITW). This exchange-traded fund is among the world’s largest diversified crypto index funds.
BITW will now allocate 0.95% of its holdings to HYPE, marking a significant recognition of the token’s market prominence. Analysts said this new status could boost HYPE’s visibility among institutional investors and reinforce its standing as a major digital asset.
Hyperliquid is a decentralized derivatives trading platform that has recently gained traction in the digital asset sector. Its focus on offering fast, transparent on-chain perpetual swaps and a growing ecosystem has drawn the attention of both retail and institutional market participants.
Mini dictionary: Bitwise 10 Crypto Index ETF (BITW): An exchange-traded fund managed by Bitwise Asset Management that tracks the performance of the ten largest cryptocurrencies by market capitalization, offering diversified exposure for investors.
Market context and outlookWhile HYPE’s price is currently in a neutral range, the broader market sentiment is shifting upward, in part due to renewed momentum in Bitcoin. A continued move higher in BTC has had a positive spillover effect on several altcoins, including HYPE.
Long-term technical targets for HYPE point toward $172, provided the overall bullish structure is preserved and the price stays above critical support levels, according to market analysts.
Maintaining price action above the key neckline remains vital for further gains, while falling below that range could signal a shift out of the bullish scenario.
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.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
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A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.
According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
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The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
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A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.
According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.
11 minutes ago
A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
11 minutes ago
A crypto whale bought the dip, acquiring 14,007 ETH valued at approximately $25.18 million.
According to monitoring by OnchainLens, a whale purchased 14,007 ETH at an average price of $1,798, with a total value of approximately $25.1 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
31 minutes ago
The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
31 minutes ago
Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
31 minutes ago
A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.
According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.
31 minutes ago
A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
31 minutes ago
A crypto whale bought the dip, acquiring 14,007 ETH valued at approximately $25.18 million.
According to monitoring by OnchainLens, a whale purchased 14,007 ETH at an average price of $1,798, with a total value of approximately $25.1 million.
Nasdaq-listed Bitcoin treasury firm Empery Digital has sold a total of 1,400 BTC since May 7, at an average price of roughly $62,200, netting approximately $87.1 million in proceeds, cutting its Bitcoin reserve by nearly half. According to announcements, $10 million of the proceeds was used to repay debt on July 7, while the remaining funds will be allocated to previously announced real estate acquisitions for an AI data center, legal fees related to shareholder litigation, and daily operational expenses. The company had earlier announced it would invest $65 million to acquire a 25% stake in an entity developing an AI data center project in the U.S. Midwest. As of July 10, Empery Digital still holds 1,514 BTC, worth around $96.5 million at current prices, plus approximately $73.9 million in cash, with an outstanding debt balance of $45 million. Reports note that an increasing number of public companies holding Bitcoin reserves are starting to use BTC as a liquidity source rather than solely as a long-term holding asset, selling part of their reserves to meet traditional financing needs such as debt repayment, capital expenditures, and corporate operations.
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A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.
According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
2 minutes ago
The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
2 minutes ago
Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
2 minutes ago
A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.
According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.
2 minutes ago
A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
According to monitoring by EmberCN, Tether allocates 15% of its quarterly profits to its Bitcoin reserve address. Approximately 5 hours ago, this address made a test transfer of 4 BTC to Binance, valued at roughly $250,000. EmberCN stated that this same address previously transferred 204.3 BTC to Bitfinex a month ago, worth approximately $14.36 million at the time, when Bitcoin’s price stood at around $70,000. It remains unclear whether these assets have been sold. Additionally, Tether appears to have not yet completed the on-chain withdrawal of new Bitcoin for Q2 2026. Per its usual practice, Tether typically transfers BTC purchased in the quarter to its reserve address on the last day of each quarter. However, more than 10 days have elapsed since the end of Q2, and no new Bitcoin deposits to this reserve address have been observed on-chain, sparking market concerns over whether it has adjusted its Bitcoin accumulation pace.
Relevant content
A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.
According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
2 minutes ago
The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
2 minutes ago
Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
2 minutes ago
A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.
According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.
2 minutes ago
A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
Halving cycle data challenges moonshot predictions. (Getty Images)Summary
Bitcoin’s historic four-year halving cycles are still producing new highs, but each bull market peak has delivered smaller multiples than the last.Forecasts calling for bitcoin to reach $300,000 to $500,000 by the next cycle peak in 2029 may be overly optimistic given the shrinking peak-to-peak returns and the asset’s growing size.As institutional participation, ETFs, and sophisticated derivatives deepen the market, bitcoin is becoming larger, more liquid and less volatile, suggesting the era of parabolic “moonshot” rallies may be over.Crypto analysts are already looking at how high bitcoin BTC$64,144.74 could rally in the next cycle, expected to begin later this year, with ambitious targets ranging from $300,000 to $500,000.
But one important data point runs counter to those forecasts, suggesting that gains may be more measured than ever.
Unlike gold or stocks, bitcoin tends to move in clear four-year cycles centered on the mining reward halving, an event that halves the amount of new bitcoin produced per block every 4 years. Think of it as a programmed 50% reduction in the growth rate of the money supply.
The first halving happened in 2012, and the fifth one is scheduled for April 2028. In the past, prices have tended to bottom out and begin a new bull run roughly 18 months before the halving. That same bull run then peaks about 16-18 months after the halving, paving the way for a year-long bear market. That's the four-year cycle, and the peak of the next one is expected in 2029.
On the back of this, analysts and market experts have been calling for a massive bull run in the next few years.
Veteran trader Peter Brandt anticipates a peak between $300,000 and $500,000. Bernstein analysts Gautam Chhugani and Mahika Sapra expect prices to hit $500,000 by 2029, citing booming demand for spot exchange-traded funds (ETFs).
Reality checkHowever, while the four-year cycles have consistently produced new all-time highs, each successive one has seen markedly lower multiples, compressed gains, and slower overall expansion.
As bitcoin grows, matures, and becomes more valuable, it takes significantly more capital to push it meaningfully higher. The track record of cycle highs proves it:
2013: $2662017: nearly ~$20,000 (75x from previous high)2021: ~$69,000 (3.5x from 2017)2025: $126,000 (just 1.8x from 2021)What this means is that bull runs are getting steadier, with more measured gains rather than moonshots. If this trend continues, the next peak may fall well short of the anticipated $300,000 to $500,000 levels. (A rally to $300,000 or more requires over 2 times the jump from the 2025 high)
This is not necessarily bad news, however.
As noted earlier, the bigger the asset becomes, the more capital is required to move it higher. And with the institutionalization of the market and an ever-increasing array of advanced risk management products, such as bitcoin ETFs, futures, options, volatility products, arbitrage funds, and structured products with embedded options, BTC is naturally becoming less volatile and more Wall Street-like.
Bulls might argue that a potential full-blown Fed stimulus and outright purchases of BTC as a reserve asset by the U.S. Treasury may do the trick.
However, even massive fiscal and monetary stimulus after the 2020 COVID crash – not just in the U.S. but worldwide – could only lift BTC to nearly $70,000 in that cycle, 3.5x from 2017, marking a slowdown from the previous cycle. The 2025 high, which came with ETF flows and the most institutionalization ever, could only muster 1.8 times the level.
All this suggests that bitcoin is maturing and growing, not breaking. The days of peak-to-peak moonshots may be gone for good. The asset is now large, liquid, and institutionalized, and investors chasing the next parabolic supercycle might want to recalibrate.
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
21 hours ago
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Trading competitions have long been the blunt instrument of exchange marketing, but Bybit’s latest move feels less like a seasonal promotion and more like a direct play for spot market share at a time when organic retail flows remain uneven. The exchange, ranked second globally by trading volume, has rolled out a Spot Trading Arena with a total prize pool of 200,000 USDT, inviting users to compete by trading a curated list of cryptocurrencies.
The competition spans Bitcoin, Ethereum, Solana, and Hyperliquid’s HYPE token, alongside a handful of other assets that Bybit has not fully disclosed. The structure appears designed to draw in both veteran traders and new entrants, dangling rewards that are measured in volume tiers and leaderboard rankings. In an environment where many centralized venues are battling to recapture spot volumes after a prolonged lull, a six-figure prize pool can act as a short-term magnet for speculative capital.
Exchange Competition Intensifies Bybit launching a dedicated trading arena is a reflection of how aggressively exchanges are now competing for the same cohort of active traders. Binance, OKX, and other major platforms routinely run trading tournaments, but coupling a competition with a formal “arena” branding hints at something more sustained. The exchange’s position as second-largest by volume adds weight; any movement to capture additional spot liquidity can ripple across order books.
These kinds of incentives often surface during periods of subdued natural trading activity. When narratives are thin and price action is sideways, prize pools become a psychological lever to push users off the sidelines. Even as U.S. banks lobby against landmark crypto legislation, as recent political maneuvering has shown, offshore exchanges like Bybit are pressing forward with user acquisition strategies that don’t hinge on Washington’s timeline. The Arena is, in part, a bet that retail attention can be bought and then retained.
The Token Line-Up: From Blue Chips to DeFi Tokens The inclusion of Hyperliquid’s HYPE token is the unexpected highlight of the roster. Hyperliquid is a decentralized perpetuals exchange that has cultivated a loyal trader base, making its token a competitor’s asset on a centralized venue an interesting cross-platform signal. Bybit appears willing to embrace tokens born in the DeFi perp ecosystem, possibly to draw users who might otherwise stick to decentralized interfaces. Including major assets like Bitcoin and Ethereum is standard, but Solana’s presence aligns with its continued developer momentum. Solana and Ethereum consistently rank among the top blockchains by developer activity, which makes them natural reference points for spot trading competitions.
The broader altcoin market has seen pockets of speculative energy recently, with tokens like SUI posting sharp gains and drawing heavy volume. SUI surged 18% in a single session on the back of institutional staking and a fintech integration, underscoring how quickly retail flows can concentrate when a narrative catches fire. Including HYPE and other relatively new tokens could similarly concentrate trading volume on the Arena, though it remains unclear whether that volume will stick around once the prizes are distributed.
What is certain is that trading competitions rarely solve the underlying challenge of organic liquidity building. They spike volumes temporarily, often leaving behind a residue of dormant accounts and whale-driven wash trading if poorly designed. Bybit’s challenge will be converting contest participants into regular users without relying on perpetual giveaways. For now, the Arena is a well-timed reminder that exchange marketing remains a cash-intensive front in the battle for global crypto traders.
AUTHOR
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.
Eric Trump’s stake in Bitcoin mining and treasury firm American Bitcoin Corp. has been devalued by about $600 million, according to a Bloomberg report.
He owns about 6% of the firm and doubles as American Bitcoin’s Chief Strategy Officer. His brother, Donald Trump Jr., also owns an undisclosed stake in the firm.
Amid the broader crypto downturn, the firm’s stock, ABTC, has plunged by 97%, crashing from September 2025’s peak of $217 to a record low of $5.98. This week alone, it dumped by over 29%.
Source: ABTC, TradingView The massive stock dump forced the firm to launch a 1-for-5 reverse stock split on 2nd of July to remain listed on the Nasdaq.
A company’s stock must maintain a minimum bid price of $1 to remain listed on the exchange. In fact, Nakamoto, another Bitcoin treasury firm, was forced to opt for a stock split to avoid a similar delisting.
American Bitcoin Corp. scales holdings to 8,000 BTC Despite the ongoing stock dump, however, the firm increased its BTC stash to 8,000 coins from 7,500 coins.
Commenting on the same, Eric Trump downplayed the stock sell-off as just ‘crypto market volatility.’ In fact, he simply reiterated the commitment to ‘stacking’ more BTC at a discount.
Even with crypto market volatility, I want to reiterate how we continue to differentiate ourselves, mining at a 52% profit margin in Q1 and continually adding to our treasury, all while maintaining one of the lowest SG&A ratios in the industry. The stacking continues.
Source: Bitcoin Treasuries Separately, the broader Bitcoin treasury demand for the crypto asset has eased significantly after its largest buyer, Strategy, became a seller. Strategy recently sold $216M worth of BTC.
In the last 30 days of trading, the demand from corporate treasuries has been negligible at 0.3%. In fact, after Strategy’s sale, the overall stash held by public companies dropped from 1.267M to 1.265M BTC.
Source: Bitcoin Treasuries The market faded the recent Strategy’s sale. However, whether it will help form a ‘durable market bottom’ for BTC and shore broader treasury demand remains to be seen.
Final Summary American Bitcoin Corp. stock dropped to a record low of $5.9 despite a recent reverse stock split. It has dropped by 97% from its last year peak of $217, erasing over $600M of Eric Trump’s stake in the firm.
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.
According to monitoring by Onchain Lens, a crypto whale unlocked 440.822 BTC from Core DAO, valued at approximately $28.27 million, and transferred the funds to a new wallet within one hour.
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A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.
According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
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After weeks of watching money walk out the door, US spot Bitcoin ETFs finally caught a break. On June 12, roughly $86 million flowed back into the funds, with BlackRock’s iShares Bitcoin Trust (IBIT) doing most of the heavy lifting.
IBIT alone pulled in approximately $57.7 million of that total, accounting for nearly two-thirds of the day’s inflows. In Bitcoin terms, the collective haul translated to about 1,350 BTC purchased across all spot ETFs, with IBIT responsible for roughly 907 of those coins.
The $86 million came after a stretch of more than $1.67 billion in net outflows from Bitcoin ETFs.
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BlackRock’s growing Bitcoin empire IBIT isn’t just the biggest Bitcoin ETF. The fund now holds over $46 billion in assets under management.
BlackRock recently launched BITA, a Bitcoin Income ETF designed to generate yield from Bitcoin exposure.
What this means for investors The single-day inflow reversal carries a few implications worth unpacking for anyone with skin in the Bitcoin game.
First, institutional demand hasn’t evaporated. BlackRock’s $57.7 million purchase on a single day suggests otherwise.
Third, BlackRock’s expansion into yield-generating Bitcoin products like BITA signals that the firm is building infrastructure for long-term holders, not just speculators chasing momentum.
One green day doesn’t constitute a trend reversal. A single $86 million inflow following $1.67 billion in outflows is encouraging but mathematically modest. That’s about 5% of the outflow recouped in a day.
IBIT’s dominance in capturing nearly two-thirds of the day’s inflows suggests that capital is consolidating around the BlackRock brand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tether, the company behind the leading stablecoin USDT, transferred 4 BTC (approximately $250,000) from its reserve wallet to Binance, according to an analysis by EmberCN. This move has drawn attention as it could signal an interruption in Tether’s two-year routine of acquiring Bitcoin using a portion of its profits.
Tether’s BTC reserves shift from regular acquisitionsOn-chain analytics group EmberCN characterized the deposit as a “test” transaction. Analysts observed that Tether appears to have paused its previous pattern of regular Bitcoin accumulation, with the latest movements suggesting a break from its established purchase cycle. While EmberCN did not provide evidence of Bitcoin sales by Tether, the absence of new acquisitions is notable, especially given the company’s history.
Tether appears to have halted further Bitcoin acquisitions for its treasury, but the precise status of the assets is currently uncertain, as recent transactions do not confirm any sales.
The reserve wallet in question is known for receiving 15% of Tether’s quarterly net realized operational profits. This Bitcoin allocation has been a transparent part of Tether’s treasury strategy since May 2023. As of June 2, EmberCN reported that this wallet held 96,936 BTC, estimated at nearly $6.72 billion. This made it the fifth-largest Bitcoin wallet worldwide. In April, Bitcoin Magazine recorded a slightly higher total of 97,141 BTC across Tether’s associated reserve wallets.
Mini dictionary: Tether is a blockchain-based company that issues USDT, the most widely used stablecoin, which is backed primarily by fiat assets and is commonly used for trading and settlements in the cryptocurrency ecosystem.
Deviation from a two-year quarterly buying strategySince May 2023, Tether has publicly pledged to allocate up to 15% of its net operating profits to Bitcoin purchases, executing this policy with each quarter’s financial close. Chief Technology Officer Paolo Ardoino previously described Bitcoin as a “long-term store of value,” emphasizing that the company manages its Bitcoin in self-custody rather than relying on custodial services.
Historically, Tether acquired Bitcoin throughout each quarter, then consolidated it into its main reserve wallet after the period ended. For example, on April 15, EmberCN documented a movement of 951 BTC, worth $70.5 million, to the reserve address. The previous quarter, Tether transferred approximately 8,888 BTC, valued at about $778 million, a transaction later confirmed by Ardoino.
QuarterBTC AcquiredUSD Value (approx.)Q4 20258,888 BTC$778 millionQ1 2026951 BTC$70.5 millionJuly 2026 (Current)4 BTC$250,000This quarter, which ended June 30, did not see the usual post-quarter transfer from Bitfinex to the reserve wallet. Instead, the data shows that Tether’s address has been moving coins out, including a transfer of 204.3 BTC (about $14.36 million) to Bitfinex in early June, at a time when Bitcoin traded near $70,000. This shift in activity marks a departure from Tether’s typical quarterly pattern, as previous transfers ranged from approximately 951 to 8,888 BTC—often totaling tens or hundreds of millions of dollars based on prevailing market prices.
Implications for institutional Bitcoin activityTether stands as one of the largest corporate Bitcoin holders in the world, with its reserve allocation policy serving as a recurring source of non-speculative demand in the crypto market. Unlike traders who acquire coins for short-term gains, Tether’s purchases are intended for long-term balance sheet diversification, drawing distinct attention from analysts tracking institutional flows.
Although Tether’s quarterly transactions are relatively modest compared to Bitcoin’s daily volume, they are closely followed as indicators of the stablecoin issuer’s financial priorities and crypto market strategy. The company has repeatedly confirmed that Bitcoin is only a small part of its reserves, which are mainly composed of U.S. Treasury securities and other liquid assets designed to back USDT.
While the current “test” transfer amounted to only 4 BTC, the absence of the usual large post-quarter accumulation activity has raised questions about whether Tether is adjusting its reserve strategy, deferring purchases due to market conditions, or simply awaiting its next audit window.
At present, Tether has neither confirmed a suspension of its Bitcoin allocation strategy nor indicated any liquidations. Market observers now await further on-chain signals and the company’s next financial disclosure for clarity on how USDT’s issuer will proceed with its Bitcoin reserve management in the upcoming quarters.
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.
For months, corporate bitcoin treasuries have been treated as a one-way bet. Empery Digital just broke the pattern. The Nasdaq-listed firm disclosed in an SEC filing that it sold 1,400 bitcoin since May, generating roughly $87.1 million at an average price of $62,200, according to the original report. The proceeds are marked for debt repayment, a previously announced property acquisition, and legal expenses.
The sale is not merely a capital raise. It coincides with a direct strategic pivot. Empery said it will discontinue public net asset value disclosures based exclusively on bitcoin holdings, citing growing exposure to artificial intelligence and energy infrastructure businesses. The firm is now involved in a proposed $1 billion AI data center project alongside members of the Hunt and Crow families.
A Corporate Treasury Reversal While many public companies added bitcoin to their balance sheets in recent years, Empery’s move stands out because it was one of the earliest to formally brand itself as a bitcoin treasury. Now, it is unwinding that position. The average sale price of $62,200 suggests the disposals happened during a period of relative stability in bitcoin’s price, rather than from a forced liquidation spiral. Still, the choice to fund a real estate play and AI infrastructure with bitcoin proceeds sends a signal that the firm sees better near-term returns outside of crypto.
The AI data center project is ambitious but still at the proposal stage. Empery’s willingness to commit capital from its bitcoin treasury to this venture indicates that internal calculations now favor AI compute over digital gold. That is a meaningful shift for a company that once used bitcoin holdings as a core part of its market identity.
Market Implications and Broader Trends A sale of 1,400 BTC is not enough to disrupt order books on its own, but it reinforces a subtle trend. Corporate treasurers are beginning to treat bitcoin not as a permanent reserve asset but as a liquidity tool that can be tapped for more conventional corporate purposes. This contrasts sharply with the strategy of firms that have pledged never to sell. The long-term question is whether Empery’s move is an isolated case or a preview of what other Nasdaq-listed crypto holders might do when competing priorities emerge.
Meanwhile, the broader institutional landscape for digital assets is evolving rapidly beyond simple bitcoin accumulation. Real-world asset tokenization recently crossed $20 billion, signaling that corporate treasuries are increasingly exploring diversified on-chain exposures. At the same time, Nasdaq-listed firms are integrating crypto into their operations in more nuanced ways, as when a major holder began institutional staking on Sui earlier this year.
Regulatory Backdrop and What Remains Unclear The strategic recalibration arrives while US crypto legislation is under intense pressure from banking interests. A landmark bill faces a potential derailment just days before a Senate vote, creating a climate where corporate treasuries must weigh regulatory uncertainty against any allocation thesis. For Empery, the regulatory noise may have made the AI pivot look even more rational.
Still, several things are not clear. The filing does not disclose Empery’s remaining bitcoin holdings, leaving open the question of whether this is a full exit or a partial rebalancing. The AI data center project, while ambitious, has not yet broken ground and will require far more capital than the $87.1 million raised. Until the project materializes, the sale remains a bet on future infrastructure demand, not a completed transformation. Market participants will watch Empery’s next quarterly filings closely to see if other corporate treasury managers follow its lead.
AUTHOR
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.
CleanSpark, a publicly traded company, is in the news after adding another 454 Bitcoin [BTC] to its treasury. This addition has pushed its total stash to 13,924 BTC, worth $897.1 million.
In 2026, CleanSpark has sold 258 BTC and added 1171 BTC.
Its latest move came as CleanSpark’s stock price was trading at $12.89 at press time. The same has risen by about 28% in the year so far. For its part, Bitcoin was trading at $64,411.66 at the same time, on the back of a 42% decline this year.
As it stands, the Governor and Executive Council of New Hampshire are reviewing a proposal that would permit a borrower connected to CleanSpark to purchase Bitcoin with up to $100 million in taxable revenue bonds.
CleanSpark is not the only company to add Bitcoin to its treasury recently though.
Purchases in the months of June and July by other firms In June, public companies added almost 9,000 Bitcoin worth approximately $525 million. The majority of this accumulation was made up of nearly 7,000 BTC from Strategy and Strive, respectively.
It is probable that both businesses used the proceeds from their digital credit instruments, SATA and STRC, to finance their acquisitions. While Strive bought 3,364 BTC, including a single 2,500 BTC purchase that was one of its largest to date, Strategy led the month with a net addition of 3,625 BTC despite selling 32 BTC.
Source: BitcoinTreasuries.NET Other noteworthy buyers included DDC Enterprise, which bought 185 BTC in two different transactions. MARA Holdings with a contribution of 1,000 BTC followed suit. So did CIMG after it bought 207.7 BTC in a $13.5 million stock-and-warrant transaction that was fully settled in Bitcoin.
Additionally, Strive also increased its Bitcoin purchase by 18 BTC in July, bringing it to 19,882 BTC. Meanwhile, American Bitcoin Corp. accumulated 500 BTC, pushing the total value to $514.5 million or 8,000 BTC. Boyaa Interactive International Limited also added 108 Bitcoin to its total, worth $270.3 million. Finally, OranjeBTC increased its total stash by 5 BTC to 3,904 BTC.
The plot twist Here, it’s worth noting that the world’s largest Bitcoin DAT, Strategy, sold 3,588 Bitcoin for about $216 million. After the transaction, Strategy had 843,775 BTC.
Even though the majority of publicly traded companies kept buying Bitcoin, Strategy decided to take a different tack and sold 3,588 BTC for roughly $216 million. Now, this does not imply a pessimistic view of Bitcoin. The company’s new treasury framework, which enables it to actively manage its balance sheet and create liquidity when required, was used to finance the sale instead.
Outside of the consistent additions of Bitcoin to treasuries, BTC ETFs also saw $510.7 million in inflows and $475.3 million in outflows in July.
Source: Farside Investors Final Summary CleanSpark added 454 BTC while its stock price action highlighted positive momentum. It was just one of the many firms to buy more Bitcoin over the past month.
Litecoin’s price rebounded after Lite Strategy, a crypto venture capital firm focused on ecosystem development, led a new funding round for a Layer-2 platform designed to expand the cryptocurrency’s capabilities. The move brought renewed attention to Litecoin as technical signals show gradual improvement.
New Investment Fuels Ecosystem GrowthLite Strategy stated that it led a $1 million investment in LitecoinVM (LitVM), a Layer-2 network integrating smart contracts, tokenized assets, and decentralized finance into the Litecoin ecosystem. This network aims to unlock the potential for onchain finance on Litecoin, allowing all fees within the platform to be paid using LTC.
More than $72 billion is locked in onchain finance today, and almost none of it has ever run on Litecoin because it couldn’t run smart contracts. LitVM is what fixes that, and every fee on the network is paid in LTC.
LitVM’s integration could increase the utility of Litecoin, attracting new users and enabling participation in broader decentralized markets. The initiative highlights a focus on long-term ecosystem development rather than triggering immediate price surges.
Mini dictionary: LitVM (LitecoinVM), a Litecoin Layer-2 solution, introduces smart contracts and DeFi functionality to the network, aiming to make Litecoin compatible with onchain finance applications previously unavailable on its base layer.
Price Holds Above Key SupportAt the time of writing, Litecoin trades at $44.75, reflecting a 2.17% rise within the past 24 hours. Buyers have maintained support just above $44.05 despite recent market volatility, while resistance levels remain near $46.00 and $48.00.
Price LevelType$44.05Support$46.00Resistance$48.00Major ResistanceTechnical indicators tracked by TradingView show the MACD trend remains in positive territory, with the MACD line crossing above the signal line and a steadily positive histogram. Trading volume has also stayed healthy throughout the recent recovery, suggesting sustained buying interest.
Litecoin’s bullish momentum is strengthening, but the pace of recovery is gradual as the price consolidates above key support.
Derivatives and On-Chain Metrics Point to Steady ActivityCoinGlass data indicates that Litecoin’s open interest remains stable near $310 million. Sustained or rising open interest along with a recovering price often means traders are holding to their positions in anticipation of further gains.
However, analysts caution that increased leverage can amplify volatility if market momentum weakens.
Network Activity Remains ResilientDefiLlama’s data shows the number of active addresses on the Litecoin network has stayed relatively steady, even as other value-based indicators have fluctuated. Consistent network use suggests developers and users remain engaged as new projects like LitVM move forward.
If Litecoin’s price moves above $46.00, traders may look for another test of the $48.00 resistance area. Should the price fall below $44.05, the next support is seen near $42.00. While the LitVM investment supports a positive long-term outlook, traders continue to monitor technical trends and broader market sentiment.
Cryptocurrency markets remain volatile, and market participants are advised to closely watch short-term price action, sentiment, and development updates before making investment decisions.
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.
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.
After a prolonged pullback from the 2026 peaks, when XRP traded above $3, the token appears to have once again caught the attention of major capital. Amid a local market decline, the Bollinger Bands technical indicator by TradingView has produced a setup suggesting that the ambitious target of $2 per coin remains in play.
Right now, however, XRP is going through a harsh stress test that will determine its trajectory for the second half of the year.
Point of maximum painThe current week has been tense for XRP holders. On the weekly chart, the price fell to $1.1018, coming close to testing the lower Bollinger Band at $1.0562.
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XRP price action within Bollinger Bands on a monthly timeframe. Source: TradingViewHowever, this local storm reveals an interesting picture, showing that the $2 target is not based on empty expectations:
Sellers are reaching their limit: The weekly RSI has fallen to 33.78. The market is extremely oversold, meaning bears have almost no room left to push the price lower without triggering a strong rebound.The broader structure remains intact: On the monthly timeframe, there is no sign of panic. Buyers are confidently holding the crucial Bollinger Bands midline, the 20-period SMA, at $1.1039. As long as this monthly support remains intact, the broader bullish trend has not been broken, while the RSI near 41.87 gives the price considerable room for growth.The technical compression on the charts has coincided with a strong news backdrop in early July, helping keep the token afloat.
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First, while retail traders are locking in losses, institutional investors are doing the opposite. XRP ETFs have recorded capital inflows for nine consecutive weeks, bringing their total assets under management to $1.49 billion.
Second, Ripple is strengthening its legal position. Receiving a full CASP license in Luxembourg under Europe's MiCA framework has already given assets such as XRP and RLUSD regulated access to the banking sector across all 27 EU member states. The US CLARITY Act is also approaching, and investors are already pricing it into their expectations.
Another driver has emerged from an on-chain trend in which autonomous AI agents have begun using native XRP for direct settlements, creating genuine utility-driven demand that has already exceeded one million transactions.
Roadmap to $2 for XRPThe market reality in July 2026 is simple — the path to $2 will not be easy, but the technical foundation is in place, and the Bollinger Bands confirm it. The bulls' immediate task is to keep the weekly candle above the psychological level of $1.10.
The first major resistance on the upside will be the weekly Bollinger Bands midline at $1.3021. Once this level is broken, XRP will enter a clear technical corridor through $1.54 and toward the $2.00 target.
XRP, the digital asset associated with Ripple, has drawn renewed attention from major investors after a retreat from its 2026 highs above $3 per coin. This resurgence comes amid a challenging period for broader crypto markets, with technical signals pointing to the possibility of a significant upward move.
Technical analysis: Oversold signals and key support levelsThroughout the current week, XRP experienced heightened volatility, dropping to $1.1018 and approaching the lower Bollinger Band at $1.0562 on the weekly chart. Market analysts noted that the current price action is subjecting XRP to a rigorous stress test that could define its direction for the remainder of the year.
Recent technical data highlights that sellers may be losing momentum. The relative strength index (RSI) on the weekly timeframe declined to 33.78, placing XRP in oversold territory. Historically, highly oversold conditions can increase the chances of a strong rebound, suggesting bearish pressure may be nearing exhaustion.
On the monthly chart, key support continues to hold. Investors are maintaining the position above the Bollinger Bands midline, represented by the 20-period simple moving average (SMA) at $1.1039. As long as this support endures, the broader bullish outlook remains intact. The monthly RSI remains near 41.87, leaving room for further upward movement.
Technical compression across multiple timeframes has occurred alongside supportive news developments in early July, which analysts believe has helped cushion XRP’s recent decline.
Most observers view the $2 target as increasingly plausible, citing robust technical foundations and ongoing institutional engagement, while noting that holding $1.10 will be key for bulls in the near term.
Institutional flows and regulatory progressInstitutional interest in XRP remains strong. XRP-focused exchange traded funds (ETFs) reported capital inflows for nine consecutive weeks, with total assets under management reaching $1.49 billion. While retail investors have been realizing losses, larger entities appear to be positioning for potential upside.
Ripple, the company behind XRP, recently secured a complete Crypto-Asset Service Provider (CASP) license in Luxembourg under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This gives both XRP and RLUSD regulated access to banking services throughout all 27 EU member states. Investors have also begun to anticipate the approaching US CLARITY Act, which may further influence expectations around regulatory certainty for XRP.
Mini dictionary: MiCA (Markets in Crypto-Assets) is a regulatory framework adopted by the European Union to create clear rules for the operation and oversight of crypto assets and their service providers throughout the EU, aiming to safeguard investors while promoting innovation.
Emerging trends and milestonesIn addition to institutional interest and regulatory achievements, on-chain trends reveal new sources of utility-driven demand. Autonomous AI agents have begun conducting direct settlements using native XRP, with total transactions surpassing one million. This development introduces a potential new use case, contributing to network activity and liquidity.
Looking ahead, maintaining support above $1.10 is considered crucial for the continuation of the bullish scenario. The first major resistance is positioned at the weekly Bollinger Bands midline of $1.3021. If this barrier is overcome, analysts expect XRP could advance toward $1.54 and ultimately approach the $2.00 target in the coming months.
Support/Resistance LevelCurrent ValueLower weekly Bollinger Band (support)$1.0562Key support (monthly midline)$1.1039First resistance (weekly midline)$1.3021Next resistance$1.54Target$2.00Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum price today: $1,790Ethereum's annual electricity consumption is now 7.87 GWh, less than 50% of that consumed by the British Museum.The network's carbon footprint has also dropped to 2.37 ktCO₂e, 99.98% below pre-Merge levels.ETH is retesting the $1,806 resistance and 50-day EMA.Ethereum (ETH) energy consumption has decreased by 99.9% since The Merge, an event that transitioned the smart contract blockchain from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus.
In a report released last month, researchers at Cambridge Center for Alternative Finance (CCAF) stated that Ethereum's continuous power demand has dropped to 0.90MW, below its pre-Merge baseline of about 2.4 GW, "a figure that once rivaled the electricity demand of a small country."
Through an audit of roughly 8,522 full nodes that store and process the network's data, the researchers noted that Ethereum's annual electricity consumption is now 7.87 GWh, less than 50% of that consumed by the British Museum.
"If Ethereum's pre-Merge energy consumption were the height of the Statue of Liberty, the post-Merge network would be a golf ball resting at its base," the report stated.
Ethereum once relied on the energy-intensive PoW consensus mechanism to validate transactions and ensure its security. As a result, it faced heavy criticism for years before eventually transitioning to PoS in September 2022.
“Under PoW, electricity consumption was the price paid for consensus. Under PoS, security is collateralised by staked capital, and electricity represents the operating cost of the participating node population,” the research stated.
Cambridge researchers highlighted that the United States (31%), Germany (16%), Finland (8%) and France (6%) account for 62% of the network's full nodes. Based on the grids hosting these nodes, Ethereum is powered by an electricity mix of 56.4% sustainable energy and 43.6% fossil fuels. That places its annual emissions at 2.37 ktCO₂e, 99.98% below pre-Merge levels and roughly equal to the combined carbon footprint of 900 UK households, the report estimates.
The researchers also noted that Ethereum's carbon footprint will fall even if its electricity consumption remains flat, as long as the grids powering full nodes decarbonize.
Ethereum Price Forecast: ETH retests 50-day EMAOn the daily chart, ETH is maintaining a bearish near-term bias as it remains below both the 50- and 100-day Exponential Moving Averages (EMAs) at $1,801 and $1,957. Price remains above the 20-day EMA at $1,724, hinting at some short-term support, but the broader structure is capped by a dense band of overhead levels.
Momentum reads as constructive, with the Relative Strength Index (RSI) at 57 and the Stochastic stretched into overbought territory near 85, suggesting recovery attempts could face profit-taking against these nearby moving-average barriers.
ETH/USDT daily chartOn the topside, immediate resistance is seen at the convergence of the 50-day EMA and the $1,806 level, followed by horizontal resistance at $1,909 and the 100-day EMA. A thicker supply zone is between $2,018 and $2,107.
On the downside, initial support is located at the recent horizontal floor around $1,741, reinforced by the 20-day EMA at $1,724. A break lower would expose the next structural cushions at $1,524 and $1,404, with a deeper bearish extension pointing toward $1,155.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
When autonomous AI agents start executing trades, managing liquidity and settling contracts entirely on-chain, the question of what happens when a transaction goes wrong becomes urgent. Traditional legal systems move too slowly, and the cost of small-value claims often exceeds the amounts at stake. A consortium of 27 Web3 firms, including major exchange OKX, wallet provider MetaMask and zero-knowledge rollup builder Matter Labs, is now backing a decentralized “Internet Court” designed to handle disputes at machine speed. The initiative, led by the GenLayer Foundation, was detailed in a report picked up by WuBlockchain.
The Internet Court aims to build a system where AI-powered payments and escrow services can operate with an automated layer of dispute resolution. As agent-to-agent commerce expands, the need for a trust-minimized arbitration mechanism that can scale to millions of interactions per minute is no longer a theoretical exercise. The consortium wants to create an environment where AI agents can transact with each other, confident that if a smart contract fails or a counterparty behaves unexpectedly, resolution will not require human lawyers.
A Justice Layer for Autonomous Agents The core idea is to embed arbitration directly into the transaction flow, using cryptographic proofs, reputation scores and economic incentives to adjudicate conflicts without slow off-chain processes. OKX’s involvement suggests that major trading venues see AI-driven activity as a significant future volume driver. MetaMask’s participation indicates that wallet infrastructure will need to support agent identities and dispute flows natively. Matter Labs’ backing points to layer-2 networks grappling with the high throughput required to settle agent disputes economically.
The push to bring AI on-chain has already spurred collaborations such as initiatives to power scalable AI-driven Web3 applications using decentralized computing. The Internet Court is the next logical step: if agents can act autonomously, they also need a counterparty risk framework that doesn’t depend on human legal systems.
Developer activity remains concentrated on chains like Ethereum, BNB Chain and Polygon, as seen in recent ecosystem metrics, and these are the networks where AI agent commerce is most likely to scale. The Internet Court will probably need to integrate across multiple blockchains, which raises questions about interoperability standards and cross-chain evidence handling.
What Still Has to Be Solved The consortium’s ambition has clear limits. There is no legal recognition for such a court in any jurisdiction, and on-chain arbitration generally lacks the enforcement power of state-backed judicial systems. The Internet Court will likely rely on staking mechanisms and slashing conditions to enforce decisions, but that creates new attack surfaces. An adversarial AI agent could attempt to game the system by submitting false evidence or coordinating Sybil attacks on reputation models.
It also remains uncertain whether enterprises will integrate with a non-state arbitration layer without clear liability frameworks. Regulators have yet to address AI agent accountability in financial transactions, and until they do, institutional users may remain cautious. Still, the consortium’s size and the stature of its initial backers make it one of the more serious attempts to build infrastructure for the coming agentic economy.
Where This Fits in a Maturing On-Chain Economy The Internet Court isn’t happening in isolation. The push mirrors the maturation of on-chain settlement seen in traditional finance, where real-world asset tokenization recently crossed $20 billion and major institutions settled trades directly on-chain. As automated market participants proliferate, the need for a parallel dispute layer grows alongside. Whether the Internet Court becomes that default layer will depend on how well it handles edge cases, how quickly it can win over builders outside the initial consortium, and whether it can prove its resilience against the same adversarial dynamics it seeks to tame.
AUTHOR
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.
The crypto market traded modestly, gaining 1.1% on Friday as Bitcoin (BTC), Ethereum (ETH) and XRP maintained their recent recovery levels. The gains came despite US spot ETF outflows and cautious investor sentiment, suggesting buyers continue to defend key support levels.
Bitcoin holds near $64K despite ETF outflows, treasury sell-offsBitcoin (BTC) traded slightly above $64,000 on Friday despite selling pressure from US spot Bitcoin exchange-traded funds (ETFs). The funds recorded net outflows of $95 million on Thursday, marking a second consecutive day of negative flows.
Spot BTC ETF Flows. Source: SoSoValueThe move follows Bitcoin treasury company Empery Digital's disclosure in a filing with the US Securities and Exchange Commission (SEC) that it has sold 1,400 BTC since May at an average price of $62,200. The proceeds will be used to repay debt, fund a previously announced property acquisition and cover legal expenses.
The company also said it is shifting its strategic focus toward artificial intelligence (AI) infrastructure, including participation in a proposed $1 billion AI data center project. As part of the transition, Empery will discontinue publishing net asset value (NAV) updates based solely on its Bitcoin holdings, reflecting its growing exposure to AI and energy infrastructure businesses.
Meanwhile, Japan's Metaplanet announced a feasibility study with JPYC, Progmat and its securities subsidiary to explore Bitcoin-backed digital credit products.
The initiative will evaluate the use of Bitcoin as collateral alongside stablecoins and tokenization infrastructure to enable 24/7 issuance, settlement and interest payments.
Ethereum records ETF outflows as onchain activity sends mixed signalsEthereum (ETH) traded near $1,800 following another day of outflows from US spot ETH ETFs. The funds recorded net outflows of $52 million on Thursday, marking a shift in sentiment after attracting positive inflows earlier in the week.
The top altcoin’s onchain activity paints a mixed picture, according to a Thursday note by CryptoQuant contributor CryptoOnchain. While the number of regular user transactions has increased by roughly 40% over the past week, the median value of token transfers has dropped 77%.
The divergence suggests that network activity is being driven largely by low-value transactions or automated bot activity, rather than significant capital inflows from larger investors.
ETH Velocity Illusion. Source: CryptoQuantThe analyst also highlighted that Binance funding rates have surged well above their 30-day average, showing that leveraged traders are increasingly positioning for further price gains. However, this bullish sentiment has yet to be supported by meaningful on-chain capital movement, while stablecoin redemptions point to weaker buying power across the market.
CryptoOnchain stated that a disconnect between rising speculative positioning and subdued economic activity on Ethereum's network could leave the market vulnerable to a sharp deleveraging event if stronger capital inflows fail to materialize.
XRP reclaims $1.10 as derivatives activity slowsXRP traded near $1.10 as activity in the derivatives markets continued to weaken.
CryptoQuant contributor Arab Chain stated that open interest in XRP futures on Binance has fallen to approximately 397 million XRP, its lowest level in more than three months.
XRP Open Interest (Binance). Source: CryptoQuantArab Chain noted that a decline in open interest typically reflects traders closing existing positions or opening fewer new ones. When combined with declining prices, it often signals weaker risk appetite, reduced liquidity and lower leverage across the futures market.
However, the analyst states that the trend is not necessarily bearish.
"In many cases, this phase represents a period of repositioning as investors await a clearer market direction," Arab Chain wrote.
A recovery in both XRP's price and open interest could indicate that liquidity is returning to the market and that a more active trading environment is beginning. On the other hand, continued declines would suggest investors remain cautious.
On the institutional side, US spot XRP ETFs recorded zero flows on Thursday after posting $7.29 million in net outflows on Wednesday, suggesting institutional demand remains subdued.
Ethereum’s entire global network now consumes less energy in a year than a single mid-sized museum. That’s the kind of stat that makes you do a double-take, but the numbers from the Cambridge Centre for Alternative Finance back it up.
The network’s annual electricity consumption sits at approximately 7.87 GWh as of mid-2026, with associated carbon emissions of just 2.37 ktCO2e. For context, that’s less than half what the British Museum uses annually to keep its lights on and its ancient artifacts properly climate-controlled.
From country-sized to museum-sized Before The Merge on September 15, 2022, Ethereum’s energy appetite was comparable to that of mid-sized countries. The network’s lifetime energy consumption from 2015 to 2022, its entire proof-of-work era, totaled about 58.26 TWh.
Then Ethereum switched from Proof-of-Work to Proof-of-Stake. In English: it stopped requiring thousands of specialized computers to race each other solving math puzzles and instead let token holders validate transactions by putting their ETH up as collateral.
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The result was a reduction in energy use exceeding 99.98%.
Early projections after The Merge estimated annual consumption would land somewhere between 2.6 and 6.5 GWh. The actual figure of 7.87 GWh sits slightly above that initial range, which makes sense given the network’s validator set has grown steadily since the transition.
The CCAF data also reveals that the network’s continuous power draw amounts to roughly 0.90 MW.
The sustainability mix matters According to CCAF’s latest assessment, 56.4% of Ethereum’s electricity mix comes from sustainable sources.
The 2.37 ktCO2e in annual emissions reflects this cleaner energy mix.
What this means for investors The environmental narrative around crypto has been a persistent headache for institutional adoption. ESG-mandated funds, sovereign wealth managers, and corporate treasuries have repeatedly cited energy concerns as a barrier to crypto allocation. Bitcoin still faces this criticism regularly, with its proof-of-work consensus consuming energy on the scale of medium-sized nations.
Ethereum’s post-Merge energy profile effectively removes that objection from the conversation. A network using 7.87 GWh annually with majority-sustainable sourcing is, by any reasonable measure, not an environmental concern.
The CCAF data provides the kind of rigorous, third-party verification that compliance departments and institutional due diligence teams actually care about.
The steady growth in validators despite already-low energy consumption also signals something important about network health. Ethereum is attracting more participants to its consensus mechanism without proportionally scaling its energy footprint.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to monitoring by crypto analytics account Ai Yi, the combined 24-hour trading volume of SK Hynix-related contracts SKHX and SKHY on the Hyperliquid platform has reached $1.015 billion, surpassing Ethereum (ETH) to become the second-most active asset by trading volume on the platform. SKHX recorded a 24-hour trading volume of $698 million, with an open interest (OI) of $494 million; SKHY’s 24-hour trading volume stood at $317 million and its open interest was $117 million. Currently, SKHY still trades at a roughly 17% premium relative to SKHX.
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According to data from FarsideUK, Bitcoin spot ETFs posted a total net inflow of $90.4 million on July 10, with BlackRock’s IBIT seeing a net inflow of $86.8 million and VanEck’s HODL bringing in $3.6 million. Ethereum spot ETFs recorded a total net inflow of $18.4 million, of which BlackRock’s ETHA had a net inflow of $16.2 million and Fidelity’s FETH had a net inflow of $2.2 million.
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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.
Although most AIs didn't agree on which is the winner, they all believe it won't be bitcoin.
We are already more than halfway through the year, and it’s safe to say that it hasn’t been kind to the largest cryptocurrencies. All three of the ones that we will explore in this article are deep in the red YTD after dipping to new local lows.
But let’s be more optimistic about the rest of 2026 and ask ChatGPT, Perplexity, Gemini, and Grok which they believe has the most potential to post the biggest gains in the next 5-6 months.
ChatGPT and Gemini Say… Perhaps the most widely known and used AI outlined the realistic and bullish peaks of all three assets: $95,000 for BTC, $3,200 for ETH, and $2.50 for XRP in one of the cases, and $135,000, $4,500, and $4.50, respectively, in the other. Consequently, their realistic and bullish upside potentials ranged between 48% and 110% for the market leader, 97% and 117% for the largest altcoin, and 136% and 325% for Ripple’s cross-border token.
Its winner is quite clear: “XRP has the greatest percentage upside, followed by ETH, which is the best balance between upside and fundamentals.” Bitcoin, on the other hand, is described as the one with the “highest probability of a rally, but the lowest potential returns.”
Gemini had a slightly contrasting opinion. It placed Ethereum as the “highest theoretical upside contender,” since it is currently the most beaten down. It outlined the upcoming Glamsterdam update as a potential catalyst for future gains, as it promises to fix the fee structures.
“Because it is starting from such a compressed level, its upside multiplier is massive,” Gemini added.
It categorized XRP as the “clearest binary catalyst,” while BTC falls under the same category – the highest probability for a run, but the lowest percentage potential.
Grok and Perplexity Add… Grok agreed to a large extent with Gemini. It said XRP “edges out for explosive relative gains,” since it’s smaller in size, while its pent-up narrative (payments and regulatory resolution), alongside its sensitivity to positive news, makes it the “highest beta play among the three.”
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 “In risk-on environments with altcoin rotation, XRP often amplified moves. However, this comes with higher risk – if macro weakens or catalysts delay, it could underperform,” Grok explained.
BTC is the safest “big rally” bet, while ETH balances utility and adoption but may “lag in pure speculative rallies unless specific narratives catch fire.”
Perplexity took ChatGPT’s side, indicating that “ETH probably has the best asymmetric rally potential in H2 2026, while BTC is the most likely to be steady, and XRP is the wild card with the sharpest upside if catalysts hit but the highest execution risk.”
US spot Bitcoin ETFs pulled in $90.4 million in net inflows on July 10, while their Ethereum counterparts added $18.4 million. That translates to roughly 1,791 BTC and 10,550 ETH worth of fresh capital flowing into regulated crypto investment products in a single day.
The recovery after a record-breaking exodus June 2026 set an unwelcome record: approximately $4 billion in net outflows from US spot Bitcoin ETFs. That’s the largest monthly withdrawal since these products launched in January 2024.
A 10-day consecutive outflow streak from Bitcoin ETFs finally snapped on July 2, after hemorrhaging a cumulative $2.73 billion during that stretch alone.
Earlier in the month, Bitcoin ETFs recorded a single-day inflow of $265.7 million, driven primarily by BlackRock’s IBIT. The $90.4 million on July 10 is more subdued, but it reinforces the narrative that capital is rotating back in rather than continuing to flee.
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Who’s winning the ETF fee war BlackRock’s IBIT and Fidelity’s FBTC continue to dominate inflows on the Bitcoin side. On the Ethereum front, BlackRock’s ETHA and Fidelity’s FETH have carved out similar positions.
Grayscale’s higher-fee products have faced persistent outflows as investors migrate to cheaper alternatives. Grayscale’s Bitcoin Trust, which converted from a closed-end fund, carried significantly higher fees than competitors who entered the market with aggressive pricing, resulting in a steady asset transfer from Grayscale to BlackRock and Fidelity.
Since spot Bitcoin ETFs launched in January 2024, total net inflows have surpassed $50 billion, reaching approximately $51.3 billion by July 2026.
Macro backdrop and what’s driving sentiment Bitcoin prices have been hovering between $56,000 and $64,000 in early July. Easing inflation expectations have provided some tailwinds for risk assets broadly, and crypto ETFs appear to be catching that breeze.
The $18.4 million flowing into Ethereum ETFs is notable because Ethereum ETFs have historically struggled to match Bitcoin’s momentum in attracting capital. The fact that both products are seeing positive flows simultaneously suggests the recovery isn’t limited to Bitcoin; it’s a broader re-engagement with crypto as an asset class.
What this means for investors For investors watching the competitive landscape, the continued dominance of BlackRock and Fidelity products is worth tracking. The earlier $265.7 million inflow day in July shows the capacity for larger moves when conditions align.
A $4 billion monthly outflow in June demonstrates how quickly sentiment can reverse. With Bitcoin trading between $56,000 and $64,000, investors should watch whether the July inflow trend accelerates or fizzles. If daily inflows consistently stay positive and gradually increase, it would mark a meaningful shift in the institutional positioning that drove the June selloff.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.
According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.
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Bitcoin traded around $64,000 on Friday, with analysts pointing to significant liquidity above current levels that could fuel further upside if bulls maintain momentum.
Notable Statistics:
Coinglass data shows 55,329 traders were liquidated in the past 24 hours for $211.92 million. SoSoValue data shows net outflows of $95.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $52.08 million. In the past 24 hours, top gainers include Audiera, DeXe, and MemeCore. Notable Developments:
Trader Notes:
Trader exitpump noted a sizable number of Bitcoin limit short orders were filled as aggressive buyers pushed prices higher.
The analyst warns that if BTC fails to break above $64,500, late long positions could unwind, triggering a pullback as traders exit overcrowded bullish bets.
Trader KillaXBT said Bitcoin has declined roughly 2.5% on nine consecutive Mondays, making next Monday a key session to watch. If BTC continues consolidating near the $64,000 region, it could push toward $65,000–$66,000 before another pullback.
An earlier breakdown could turn Monday’s peak into a lower high, signaling weakening momentum.
CryptoReviewing explained Bitcoin’s sharp swings over the past three days triggered nearly $960 million in crypto liquidations.
BTC first plunged from $64,100 to $61,500, wiping out $628 million in leveraged positions, before rebounding to $63,300 and then rallying above $64,500, liquidating another $332 million combined. The analyst says $64,500–$67,000 holds the next upside liquidity target.
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Cardano has emerged as one of the most active networks in blockchain development, recording 233 GitHub code commits over the past seven days. This activity placed Cardano among the leading Layer-1 projects according to data from Token Terminal, which showed that the network accounted for approximately 6.2% of all code contributions across Layer-1 blockchains, a segment that gathered a total of 3,700 commits during this period.
Rising Developer Activity and Ecosystem GrowthEverstake, a prominent staking service provider, recognized Cardano as having one of the most stable foundations in the cryptocurrency sector. The company highlighted increasing engagement from developers, improved project metrics, and sustained ecosystem expansion as factors that could push Cardano back into the ranking of the world’s top ten cryptocurrencies by market capitalization.
Despite Cardano’s smaller market cap compared to some major competitors, the project continues to maintain strong interest from the developer community. Such activity is seen as a significant indicator of potential network growth and innovation.
Ongoing developer engagement, ecosystem expansion, and improved on-chain metrics may support Cardano’s efforts to reclaim a spot among the top ten digital assets.
Analysis of weekly activity showed that Cardano’s development efforts were not uniformly distributed. The number of code commits began relatively high on July 2, tapered to a low point by July 4, then rose sharply to reach the week’s peak on July 6 before leveling off. This pattern of fluctuations corresponds with open-source development cycles, where activity often varies depending on scheduled releases and coordinated team efforts.
Notably, despite these mid-week dips, the network’s daily commits did not fall below previous weekly lows, highlighting persistent developer commitment. Similar trends were also observed in other leading Layer-1 blockchain networks during the week.
BlockchainWeekly Code CommitsShare of Total (%)Cardano2336.2Other Layer-1s (aggregate)3,46793.8Total3,700100Cardano Foundation Advances Governance InitiativesBeyond development statistics, Cardano has been advancing its governance structure. The Cardano Foundation, a non-profit supporting the Cardano protocol, is developing an open, off-chain discussion forum to encourage better collaboration among governance participants. This initiative follows the adoption of the Cardano Constitution, scheduled for implementation in February 2025.
Foundation representatives described the importance of building a transparent and inclusive platform that allows verified users to interact through identity credentials tied to on-chain data. Features under consideration include independent moderation, publicly accessible communication channels, and compliance with open standards for interoperability.
The proposed forum would support separate spaces for ADA token holders, Delegated Representatives (DReps), proposal authors, and committee members. Optional user profiles could include individuals’ voting records and declared governance interests, aiming to improve transparency and stakeholder engagement.
The foundation suggested that selecting the platform for this forum could be achieved via on-chain voting, reflecting Cardano’s ongoing move toward decentralized decision-making and active community involvement.
Mini dictionary: Cardano Foundation, a nonprofit organization dedicated to supporting the Cardano blockchain ecosystem, facilitates sustainable development, governance initiatives, and educational programs to foster ecosystem growth.
Cardano’s governance system continues to evolve as the foundation explores new platforms for community discussion and transparent voting, aiming for a more advanced phase of decentralized oversight.
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.
TRON (TRX) price has maintained stability above key support zones, with technical signals pointing to a cautiously bullish trend. Amid steady price action, the network’s transaction fee revenues surged to record highs, reflecting robust ecosystem demand and bolstering positive market sentiment.
Price structure and technical indicatorsTRX traded at $0.3302, accompanied by a 24-hour trading volume of $468.84 million and a market capitalization of $31.34 billion. Over the past day, price movement remained relatively unchanged as buyers defended higher support levels and renewed interest emerged following a recovery from a sharp rejection near $0.3660.
TradingView data showed TRX consolidating near $0.3304 after this swift pullback. Green candle formations on the daily chart indicated growing demand and a constructive broader price structure, despite short-term fluctuations and overhead resistance.
The Ichimoku Cloud, a widely used technical analysis tool, showed TRX continuing to trade above the cloud. The Tenkan-sen and Kijun-sen levels are positioned at $0.3329 and $0.3221, respectively, serving as important nearby support zones.
Mini dictionary: Ichimoku Cloud, a comprehensive technical analysis indicator designed to identify trends, support and resistance levels, and momentum in asset prices by using multiple moving averages and cloud projections.
As long as TRX remains above the cloud, analysts suggest the underlying bullish momentum is likely to continue, preserving the upward bias in price action.
Key support and resistance levelsThe mid-Bollinger Band provides support near $0.3255, while the top Bollinger Band presents resistance at $0.3664. A sustained move above recent local highs could push TRX toward the $0.3664 resistance, while a dip below $0.3255 may trigger further selling pressure.
LevelValueActionSupport (Kijun-sen)$0.3221Maintains bullish trendMid-Bollinger Band$0.3255Key supportCurrent Price$0.3302Trading rangeResistance (Top Band)$0.3664Upside targetRevenue strength and transaction activityData from blockchain analytics platform Chainspect revealed that TRON achieved over $1 million in transaction fees on Thursday, marking its highest revenue-producing day in a week. This revenue milestone followed increased on-chain activity and user engagement across the TRON ecosystem.
Compared to other leading blockchain networks in the same period, TRON outperformed by generating more fee revenue than the combined totals of Solana, BNB Chain, and Ethereum. This achievement underscored the growing demand and high transaction throughput within the TRON network.
Mini dictionary: Chainspect, a blockchain analytics provider that offers real-time data and insights on transaction volumes, network activity, and on-chain revenue performance across multiple decentralized networks.
TRON’s recent transaction fee performance set a new benchmark in the industry, as network activity and user participation reached record levels with over $1 million collected in a single day.
Market outlook and broader trendsThe latest price movement, coupled with record-breaking network revenue, provided further momentum for bullish TRX price forecasts. Shifts in the overall digital asset market, notably the recent uptick in Bitcoin, also contributed to renewed optimism for large-cap altcoins like TRON.
Analysts emphasized that if TRX maintains its position above the Ichimoku Cloud and continues to attract network activity, the probability of a move toward the next resistance zone will remain intact.
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.
Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
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According to monitoring by OnchainLens, a whale purchased 14,007 ETH at an average price of $1,798, with a total value of approximately $25.1 million.
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Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
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The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.
The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)
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Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.
Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.
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A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.
According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.
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A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.
According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.
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A crypto whale bought the dip, acquiring 14,007 ETH valued at approximately $25.18 million.
According to monitoring by OnchainLens, a whale purchased 14,007 ETH at an average price of $1,798, with a total value of approximately $25.1 million.
In a blog post on Thursday, July 9, DeFi giant Aave [AAVE] introduced Stable Vaults. This infrastructure allows fintechs, wallets, exchanges, and payment providers to embed fixed-rate stablecoin yield into their products.
Possible use cases include neobank embedded savings powered by Aave market, and a payments company letting merchants earn on idle settlement balances, among others, according to the announcement.
The Aave V4 upgrade also drew record deposit numbers, AMBCrypto reported. This has given the AAVE token a positive jolt. The daily trading volume of the token was up 14.5%, and the price was up by just under 3.5% in the past 24 hours.
Here’s why this momentum might be able to push prices another 12% higher.
Should investors buy the Aave move beyond $100? In short, buyers might be on the wrong side in this battle. Here’s why.
Source: AAVE/USDT on TradingView The 1-day chart showed a bearish swing structure in place. A bearish continuation was established in May, when Aave prices slid below the swing low at $85.05 to reach a new low of $57.83.
This downward impulse move was used to plot a set of Fibonacci retracement levels [orange]. At the time of writing, AAVE bulls were battling against the 61.8% retracement level at $95.55.
This resistance was also just below the $100 round-number resistance. On one hand, it appeared that a breach of this level would be bullish confirmation.
Traders’ call to action- Watch out for a trap Such a rally could prove to be a bullish trap if AAVE fails to reclaim the higher-timeframe resistance levels. The trend on the higher timeframes, such as daily and weekly, were firmly bearish. A continued move up to $105.81, the 78.6% retracement level, is possible.
This is the trap traders and investors should watch out for. Short-term holders might want to use this bounce to exit at a profit.
If the rally continues and breaks the $118.87 swing high, a bullish structural shift would have occurred. Until then, caution would be the safer approach.
Final Summary Aave’s Stable Vaults launch adds another fundamental catalyst to the protocol’s growing ecosystem, helping lift short-term sentiment around AAVE. However, the higher-timeframe trend remains bearish, meaning any rally toward $100–$106 could face heavy selling unless buyers reclaim $118.87.
V4 fee vote sails through with near-unanimous support@Uniswap Labs opened a governance vote on July 7 to extend its UNIfication fee-and-burn program to v4 pools. The proposal asks $UNI holders to approve protocol fees on a portion of Uniswap v4 pools, with a five-day Snapshot vote running through July 12 and a binding on-chain vote to follow the week of July 13. The temperature check is tracking at roughly 93% support.
Protocol fees are already live across all v2 and v3 pools on 11 chains, including Ethereum, Arbitrum, Base, Celo, OP Mainnet, Soneium, X Layer, Worldchain, Zora, BNB Chain, and Polygon. The current proposal would bring v4 pools into that same framework, marking the broadest expansion of the burn mechanism to date.
Because of GovernorBravo's limit of 10 actions per proposal, two separate on-chain votes will be posted in parallel to accommodate all chains.
How the burn engine works, and why v4 is differentProtocol fees on each chain flow into contracts called TokenJar, and anyone who wants to claim those fees must first burn an equal value of $UNI. The burned tokens are bridged back to Ethereum and sent to the 0xdead address, removing them from circulation permanently.
V2 and v3 pools have simple fixed fees, but v4 has a "hook" system that lets developers add extra features to pools, including the ability to change fees dynamically. To handle this complexity, the proposal activates fees on three families of v4 pools, routing them into the UNIfication burn mechanism through a new V4FeePolicy and V4FeeAdapter contract system.
The program's momentum is already clear. Uniswap burned a record 186,000 $UNI in a single day last month, surpassing the previous daily high of 134,000 recorded in early June. Adding v4 pools would widen the burn engine to its largest scope yet.
The proposal is not without debate. At least one prominent liquidity provider has warned that the v4 fee switch could drive providers away. The UNIfication fee switch has faced criticism from liquidity providers because of lower returns, which could lead to capital moving to competing DEXs, particularly as v4 adoption is still in its early stages.
The UNIfication program itself was passed in December 2025. The original proposal received more than 125 million votes in support over five days of voting, with just 742 dissenting, transforming $UNI from a purely governance mechanism into a value-accruing asset.
Sources
Uniswap Governance Forum: Temp Check – Activate v4 Protocol Fees
Cryptopolitan: Uniswap considers vote to expand UNIfication to v4 protocol fees
CoinDesk: Uniswap's UNIfication proposal backed overwhelmingly by voters
Uniswap just crossed $1 billion in cumulative trading volume on the Robinhood Chain. The kicker: it took nine days.
Robinhood’s network went live around July 1-2, and managed to attract enough liquidity and trading activity to hit a ten-figure milestone by July 10.
The numbers behind the blitz Within the first week alone, Uniswap logged roughly $250 million in volume on the chain. Then July 8 happened. Single-day trading volume on Uniswap spiked to approximately $500 million, a figure that briefly placed Robinhood Chain second only to Ethereum mainnet in terms of daily Uniswap activity.
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As of July 10, total value locked in Uniswap on Robinhood Chain had surpassed $30 million. The broader chain TVL crossed $106 million.
The UNI token climbed as much as 14% during the period.
Why Robinhood Chain matters Robinhood Chain runs on Arbitrum technology with a 100 millisecond block time. The chain was designed with tokenized stock trading in mind, alongside support for AI-agent operations.
Uniswap was integrated from day one as the primary automated market maker, with deployments spanning Uniswap v2, v3, v4, and UniswapX.
Tokenized stocks meet DeFi liquidity A significant chunk of the early volume appears to be driven by tokenized stock trading. Memecoin activity was also present on the new chain, but the tokenized stock activity separates this from a typical memecoin-driven volume spike.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
