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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Uniswap’s native token UNI showed signs of a strong recovery, rising 5.6% over the past 24 hours to reach $3.54, as analysts pointed to bullish technical indicators amid unusually high trading activity. The renewed positive momentum comes as overall network adoption continues to strengthen and Uniswap’s role in the decentralized finance (DeFi) sector remains robust despite broader market volatility.
Technical analysis signals potential reversalCrypto analyst CryptoBoss reported that UNI’s price structure appears to be shifting after a prolonged downtrend, with the token rebounding sharply from its recent low near $2.55. The price tested the highlighted entry zone at $3.56, suggesting stronger buyer participation and renewed market confidence.
Consecutive bullish daily candles and a marked improvement across multiple technical indicators, including the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Histogram, and Money Flow Index (MFI), indicate growing bullish momentum. According to the Razor Divergence indicator, a regular bullish divergence has developed, rated at Grade A with a 76% confidence score.
Market analysts assessed that if UNI holds above the $3.55 zone, immediate resistance levels could stand at $5.19, $6.82, and $8.45, while a drop below current levels could see support emerge around $3.20 or $2.55.
Price LevelType$2.55Support (recent low)$3.20Support$3.55–$3.56Entry/Turning point$5.19Resistance$6.82Resistance$8.45ResistanceDespite the recovery, the overall trend for UNI continues to show lower highs and lower lows, signaling persistent caution among traders. However, improving technical metrics and declining selling pressure are contributing to a more optimistic outlook.
Network activity and trading volume hit milestonesRecent data from DefiLlama revealed that Uniswap’s total trading volume on Robinhood Chain has surpassed $1 billion since the platform’s launch. The achievement underscores Uniswap’s position as a leading decentralized exchange, benefitting from growing user activity and institutional attention in the wider DeFi market.
This increase in on-chain transactions is viewed as a positive signal for the platform’s ecosystem, suggesting that both network participants and the UNI token itself could see further relevance if activity remains strong.
Mini dictionary: DefiLlama, an analytics platform, tracks decentralized finance protocols and provides transparent data on trading volumes, total value locked, and network statistics across the DeFi industry.
Recent network growth and technical alignment have helped reinforce Uniswap’s dominance in the DeFi sector, even as new blockchain networks continue to emerge.
Wider market contextThe positive trajectory for UNI comes as the broader cryptocurrency market benefits from renewed upward momentum in Bitcoin (BTC) and a general revival in risk sentiment across digital assets. Rising volume and higher engagement on Uniswap have reinforced confidence among token holders.
Still, analysts caution that crypto markets remain volatile, and price predictions are subject to sharp swings depending on prevailing sentiment.
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.
Nico Williams is back on the training pitch with Spain’s national team ahead of the 2026 FIFA World Cup. And somewhere on the Solana blockchain, a token with his name on it is bracing for impact.
The Athletic Bilbao winger, alongside Barcelona’s Lamine Yamal, returned to full training at Spain’s base camp in Chattanooga, Tennessee around June 11-12. Both players had missed pre-tournament friendlies against Peru due to injuries, raising real questions about whether the reigning European champions would have their most dangerous attacking options available when the tournament kicks off.
The sports angle, briefly Spain enters this World Cup as the team that won Euro 2024, and Williams was a central figure in that triumph. Both players are now expected to feature in a limited capacity against Cape Verde. Coach Luis de la Fuente can breathe a little easier, though the “limited capacity” framing suggests neither player is at 100% yet.
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Solana fan tokens enter the chat Two Solana-based fan tokens, $NICO and $YAMAL, exist in the wild. Both carry market capitalizations below $10,000 each. To put that in perspective, that’s roughly the cost of a used Honda Civic. These are not your Chiliz-powered, officially licensed fan tokens with club partnerships and governance features. These are speculative micro-cap assets riding on name recognition alone.
The key characteristic of both tokens is their extremely low liquidity. There aren’t many buyers or sellers at any given moment, which means even a small trade can send the price lurching in either direction. A few hundred dollars of buying pressure could double the price. The same amount of selling could crater it.
The return of Williams and Yamal to training is exactly the kind of real-world catalyst that can trigger outsized moves in tokens like these. Positive injury updates, starting lineup confirmations, even a strong warm-up clip on social media can become fuel for speculative trades.
The broader trend: athletes as tradeable assets The broader fan token market, led by platforms like Socios and powered by Chiliz, has been around for years. Major clubs including Barcelona, Paris Saint-Germain, and Juventus have official tokens that grant holders voting rights on minor club decisions and access to exclusive content.
The unofficial, memecoin-adjacent layer is a different animal entirely. These tokens typically launch on Solana or Base with zero affiliation to the athlete, no utility beyond speculation, and liquidity that could evaporate overnight.
What this means for investors Tokens like $NICO and $YAMAL are not investments in any traditional sense. With market caps below $10,000 and minimal liquidity, they’re closer to lottery tickets with expiration dates.
There’s also regulatory risk to consider. The US is hosting this World Cup, and US regulators have shown increasing interest in cracking down on tokens that blur the line between securities and speculative instruments. An unofficial token using a real athlete’s name and likeness without permission sits in legally murky territory.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Lamine Yamal just helped Spain knock Belgium out of the 2026 FIFA World Cup quarterfinals. Hundreds of millions of people watched it happen. And yet the Solana-based fan tokens bearing his name are trading at market caps under $10K, which is roughly the price of a decent used car.
The goal drought that doesn’t matter Yamal, still just 18, has faced mounting criticism during this World Cup for not finding the back of the net. His response after Spain’s July 10 victory over Belgium was characteristically unbothered.
“If we become World Cup champions, nobody will remember my goals.”
He pointed to Euro 2024 as evidence. He scored just one goal in that entire tournament. Spain won the whole thing.
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Spain’s coach Luis de la Fuente has also noted that Yamal is still working his way back from a hamstring injury, which partly explains the reduced output.
Fan tokens tell a different story Despite Yamal being one of the most-watched athletes on the planet right now, the Solana-based fan tokens themed around him are essentially flatlined. Tokens like $YAMAL are trading at microcap levels, with market capitalizations sitting under $10K.
No major partnerships, integrations, or endorsement deals connecting Yamal to any blockchain project have surfaced during the tournament. The tokens that do exist appear to be community-created memecoins rather than officially sanctioned products, which explains a lot about their trading volume, or lack thereof.
This stands in contrast to the broader sports fan token market, where platforms like Chiliz and Socios have built meaningful engagement around club-level tokens for teams like Barcelona, Paris Saint-Germain, and Juventus.
What global events actually do for crypto During the 2022 World Cup in Qatar, several fan tokens saw brief spikes tied to match results, but the effect was temporary and concentrated around tokens with actual utility, like voting rights on team decisions. Unofficial player-themed tokens without utility or liquidity infrastructure tend to just sit there.
What investors should actually watch For anyone looking at sports-adjacent crypto plays during this World Cup, the key variables haven’t changed. Official partnerships matter more than name recognition. Liquidity matters more than social media buzz. And utility, even something as modest as polling rights, matters more than the fame of the athlete attached to the project.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SK Hynix just pulled off one of the largest foreign company debuts on a US exchange, raising approximately $26.5 billion through its Nasdaq ADR listing on July 10. Shares were priced at $149 per ADR, and the stock promptly surged between 13% and 22% in early trading, pushing prices into the $170 to $181 range.
The offering was oversubscribed by roughly seven times, meaning for every share available, seven investors were waving their hands to buy one.
Why Wall Street is throwing money at a Korean chipmaker SK Hynix controls approximately 50% of the high-bandwidth memory market, the specialized chips that power AI accelerators. The company has a deep supply chain relationship with Nvidia, providing the memory components that make Nvidia’s AI GPUs actually work.
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The decision to list ADRs in the US was strategic. South Korean market restrictions had previously made it difficult for American investors to gain direct exposure to SK Hynix shares. The Nasdaq listing removes that barrier entirely.
The crypto angle: tokenized SK Hynix shares go live on Solana Alongside the traditional Nasdaq listing, tokenized versions of SK Hynix shares, branded as xStocks, became available for trading on the Solana blockchain. These tokenized equities are accessible through platforms including Telegram Wallet, Backpack, and Ondo Finance.
Crypto users can now trade a representation of SK Hynix stock 24 hours a day, 7 days a week, without needing a brokerage account.
Broader market ripples: Bitcoin and risk appetite Bitcoin prices surged toward $64,000 amid a broader wave of risk appetite that was at least partially fueled by enthusiasm around AI hardware investments. Multiple altcoins posted double-digit gains during the same period.
For crypto investors specifically, the tokenized equity space is growing fast. The fact that a company raising $26.5 billion on Nasdaq simultaneously has tokenized shares trading on Solana signals that TradFi and DeFi infrastructure are converging. Ondo Finance, Backpack, and similar platforms are building the plumbing for a world where stocks and tokens trade on the same rails.
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.
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.
Lamine Yamal, the 18-year-old FC Barcelona winger who has become the face of Spain’s 2026 World Cup campaign, has made it clear he cares about one thing: lifting the trophy. With one goal scored and a team-first mentality that has helped Spain reach the semifinals unbeaten, Yamal’s on-pitch priorities are refreshingly straightforward.
The crypto world, predictably, has different priorities. A wave of unofficial $YAMAL fan tokens has launched on Solana, all attempting to monetize the teenager’s rising global profile. Every single one of them is essentially worthless, with market capitalizations sitting below $10,000 and trading volumes that might as well be zero.
Spain’s golden boy keeps it simple Born on July 13, 2007, Yamal scored his first World Cup goal against Saudi Arabia in June 2026. Spain have played six matches in the 2026 World Cup and remain unbeaten, advancing to the semifinal round where they’ll face France. Yamal has reportedly been sharing his celebrations with his little brother, a detail that tells you more about his headspace than any post-match press conference could.
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His current market value is reported at around €200 million, putting him among the most valuable players on the planet.
The Solana token graveyard Numerous $YAMAL tokens have appeared on Solana-based decentralized exchanges. None of them carry any affiliation with the player himself, his management, or FC Barcelona. Every single one of these tokens has a market capitalization under $10,000. Trading volumes are effectively zero.
Fan tokens and the institutional gap The broader fan token market has been trying to establish legitimacy for years. Platforms like Socios have signed deals with major clubs, including FC Barcelona, to offer officially licensed fan tokens that provide holders with voting rights on minor club decisions and access to exclusive content.
The $YAMAL tokens on Solana have none of that. No licensing agreements, no utility, no roadmap, no team behind them beyond an anonymous deployer. The absence of any official partnership or product featuring Yamal in the crypto space highlights how far the gap is between legitimate fan engagement tools and the speculative noise that floods decentralized exchanges during major events.
What this means for crypto investors For anyone considering a position in any $YAMAL token, the calculus is brutally simple. You’re buying an unlicensed, zero-utility token with no liquidity. The near-zero trading volumes mean that even a modest sell order could crater the price, creating a liquidity trap where the asset technically has a price but no functioning market to realize it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Morpho [MORPHO] was officially launched on Solana on Thursday, July 9. The lending protocol token is now available for trading on decentralized exchanges like Raydium and Jupiter, and is fully integrated via Sunrise, the official announcement read.
Token prices jumped higher on the back of this news. It has rallied 8.34% in 24 hours, with an uptick in daily trading volume of 105% and an Open Interest hike of just over 18%.
These volume and speculative interest trends point toward the beginning of a short-term upward move. A week ago, it was reported that Standard Chartered forecast a $60 target for Morpho.
The question now is whether that momentum can last.
The long-term MORPHO outlook Source: MORPHO/USDT on TradingView The Fixed Range Volume Profile tool and the MORPHO price action since April have both highlighted a similar fact. The altcoin was trading within a range, but could be close to achieving a bullish breakout.
The RSI certainly agreed. The recent upward momentum that drove prices upward by 43%, from $1.59 to the current price of $2.28, began on June 23.
On the other hand, the A/D indicator is struggling to pick itself off from the local lows. The downtrend in the volume indicator since March signaled steady selling pressure even as prices consolidated within a range.
This range extended from $1.64 to $2.28. The volume profile tool showed slightly different Value Area High and Low levels, at $1.59 and $2.13, respectively. In any case, the indicators and range formation showed where a MORPHO reversal could commence from.
Traders’ call to action- Wait Source: MORPHO/USDT on TradingView A bullish range breakout and retest of the highs as support has occurred, which should be a clear buying opportunity. Yet, since May, the same scenario has played out twice.
Each time, MORPHO bulls were driven back to the $1.60 local lows before they were ready to drive another rally.
Therefore, even though the short-term momentum and volume indicators favored continued upside, bulls should be wary of a sudden trend reversal.
A daily trading session close above $2.42, the late-May swing high, would be an extremely clear signal of bullish intent. Buyers at current market prices should have clear exit plans in case the attempted breakout reverses, as it did twice before.
Final Summary The Morpho $60 forecast and the token being available to trade on the Solana network has helped boost market sentiment. The current range formation and volume trends show that the $2.20-$2.42 area is a key supply zone.
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.
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A crypto whale has unstaked 440.822 Bitcoin from Core DAO, valued at approximately $28.27 million.
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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Yesterday, Bitcoin spot ETFs recorded a net inflow of $90.4 million, while Ethereum spot ETFs saw a net inflow of $18.4 million.
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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Total stablecoin supply has decreased by approximately $13.9 billion in recent months, while USDT on the Tron blockchain has hit a new high against the trend.
According to EmberCN’s monitoring, the combined circulation of the two leading stablecoins, USDT and USDC, has declined by roughly $13.9 billion amid the crypto market’s overall slump in recent months. Specifically, USDT’s circulation fell by around $7.4 billion, while USDC’s dropped approximately $6.5 billion. Still, stablecoin adoption in real-world economic scenarios remains on the rise. In the first half of this year, stablecoin real economic transaction volume (ATV) hit $8.82 trillion, nearly matching last year’s full-year all-time high of $10.8 trillion, with USDT accounting for more than half of that total. Against the backdrop of the overall contraction in stablecoin circulation, USDT’s supply on the Tron blockchain has climbed to a record high of $90.3 billion, adding some $2 billion in the past month. This indicates that the reduced stablecoin supply is primarily from the DeFi-dominated Ethereum ecosystem, while Tron continues to see steady demand growth for real use cases including cross-border transfers and payment settlements.
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Trump issues a fresh warning: If Iran attempts to assassinate him, thousands of missiles will be launched at Iran.
US President Trump: 1,000 missiles have been locked on and targeted at Iran. If the Iranian government dares to act on its threats to assassinate or attempt to assassinate the current US president—threats it has made in multiple locations around the world—thousands more missiles are on standby. I have issued orders: the US military is prepared, resolute in its will, and fully capable, and will completely destroy the entire territory of Iran within one year (extendable). (Jinshi)
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Bubblemaps now supports Robinhood Chain, adding new holder distribution and whale tracking features.
According to an official announcement, on-chain data visualization and analytics platform Bubblemaps has announced support for the Robinhood Chain, which is currently in the testing phase. Users can track the distribution of token holders in real time, identify whale addresses, and reveal relationships between wallets. Additionally, users can retrieve historical data for any token, view the evolution of its holding structure, and identify hidden wallet clusters and fund flow patterns.
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.
Chiliz (CHZ), a blockchain platform specializing in sports and entertainment fan tokens, is currently facing continued selling pressure. Despite this, the token has managed to stabilize just above a crucial support level, prompting traders to watch for potential shifts in trend.
Technical structure and key support levelsAt last check, CHZ was trading at $0.01695, with its 24-hour trading volume reaching $24.89 million and market capitalization standing at $177.21 million. The price has remained largely flat over the past day as market participants assess the likelihood of a breakout or further decline.
Finora AI, a well-known crypto analyst, has emphasized that CHZ’s price action continues to reflect a bearish structure. The token has posted a series of lower highs and lower lows, signaling that sellers remain in control for now.
Consistent lower highs and lower lows confirm the dominance of sellers in the current CHZ price chart, with each attempt at recovery quickly encountering fresh supply.
CHZ continues to trade below major resistance zones. This indicates that buyers have struggled to generate enough impulse so far to trigger a meaningful trend reversal.
Recent price movements and outlookRecent activity shows that CHZ faced rejection between the $0.0183 and $0.0191 resistance band, retreating to the $0.0168 level. The price is consolidating above the critical support zone, suggesting buyers are defending this area, but the subdued shape of the recent candles highlights relatively weak buying enthusiasm.
A continued period of consolidation around $0.0162 could prompt a short-term recovery to $0.0183 and potentially to $0.0191. On the downside, if the existing support fails, analysts see a possible move lower to $0.0150. In the longer term, the trend is likely to remain bearish until buyers can decisively reclaim a higher resistance level.
LevelPrice ($)ImplicationResistance0.0183 – 0.0191Failed breakout, selling pressureSupport0.0162 – 0.0168Currently defended by buyersNext support0.0150Potential downside targetOscillators and momentum indicatorsMomentum oscillators underline the ongoing weak sentiment, but some technical signals suggest bearish forces may be losing strength. The RSI (Relative Strength Index) on the 14-day timeframe is currently at 28.60, with a signal line at 29.04—both readings well below the threshold of 30, which commonly indicates oversold conditions. Such a setup may signal an imminent slowdown in downward momentum.
Despite strong bearish levels on the RSI and MACD, oversold readings indicate that selling momentum could be exhausted soon, giving buyers an opportunity to step in.
The MACD (Moving Average Convergence Divergence) line is set at -0.00228, the signal line at -0.00268, and the histogram at 0.00040. The histogram’s positive value and a bullish crossover point to a gradual easing in negative momentum as buyers begin to slowly regain control.
The overall trend for CHZ remains neutral in the immediate term, as the token continues to trade in consolidation. Improved market sentiment, including a stronger BTC, could provide further support for CHZ and other altcoins if the positive momentum persists.
Mini dictionary: MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. It helps traders identify changes in the strength, direction, momentum, and duration of a trend.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu burn rate saw a cooling off following July 8's surge when over 113 million tokens were burned. July 8 saw the largest Shiba Inu burn in over six months, with 113,192,435 SHIB burned.
This was followed by a sharp drop on July 9, with just $13 worth of SHIB burned. According to Shibburn, 2.64 million SHIB were burned in the last 24 hours, translating to a mere $13 in monetary terms.
The weekly burn rate, however, stays higher, up 312% with 154.83 million burned in the last seven days. In the last 30 days, 230.06 million SHIB were burned.
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Shiba Inu remains quiet in the market, with the price remaining in the $0.000004 range even as traders exercise caution across the crypto market. At the time of writing, Shiba Inu was recovering alongside the broader crypto market, up 2.14% in the last 24 hours to $0.00000438.
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The majority of cryptocurrencies are currently in the green early Friday. The latest bounce seems to be driven by derivatives traders, given the increase in open interest, while spot buyers remain relatively cautious.
Traditionally, the strongest and most sustainable rallies begin when both futures and spot demand move higher together. For now, market conditions seem to be improving, but spot demand is still the missing piece.
Indicators stay mixedThe crypto derivatives market is showing mixed data, with 24-hour volume dropping 6% in the last 24 hours to $141 billion while open interest (OI) rose 3.82% in the same timeframe to $110.66 billion.
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Shiba Inu is mirroring this same trend, with its daily volume dropping 42.69% in the derivatives market to $41.88 million while its open interest rose 7.53% to $28.20 million.
These diverging trends show investor reluctance to take leveraged bets as the macroeconomic environment stays volatile.
A closer look at the recent performance of XRP, SHIB, and ETH, along with some price predictions.
Ripple’s XRP has seen a minor resurgence over the past week, mirroring the broader crypto market’s revival. Some analysts believe the token is poised for a major pump, while others remain cautious, warning of a short-term pullback.
Shiba Inu (SHIB) has also stepped into the spotlight thanks to its burning mechanism, whereas Ethereum (ETH) is pushing to break above $1,800 and might be gearing up for a move toward $2,000.
Up or Down for XRP? Ripple’s cross-border token currently trades at around $1.11 (according to CoinGecko), marking only a marginal weekly gain despite several major developments surrounding the company in recent days.
Many commentators on X think a much more substantial upswing could be on the way. Mikybull Crypto described the ongoing price levels as “lifetime opportunity entry” and set a target of over $5.
Crypto Coral noted that XRP is compressing within a triangle pattern, with the valuation reacting sharply from a major support zone. “Structures this large often lead to significant moves once resistance gives way,” the analyst added.
Ali Martinez also gave his two cents. He spotted a potential bearish flag on XRP’s price chart, which could lead to a renewed correction toward $1.04 in the near future.
What’s New With SHIB? The second-largest meme coin continues to struggle in the bear market, suppressed by the broader crypto sector’s decline and waning interest in the meme coin niche.
You may also like: XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade ‘Summer of Ethereum Love’ Gaining Steam, Says Lubin, But When Will ETH Price Follow? Shiba Inu’s ecosystem has also barely shown signs of life lately, as Shibarium’s activity has plummeted, investor enthusiasm has faded, and the team behind the project hasn’t unveiled any meaningful updates.
Among the few rays of hope is the recent resurgence of the burning program. As CryptoPotato reported, the SHIB team and community destroyed nearly 110 million coins on July 8, marking the largest burn in the last six months. Still, the USD value of the amount sent to a null address is negligible and insufficient to trigger a rally in the meme coin.
ETH’s Potential The cryptocurrency took a huge blow last month, with its price slipping to around $1,500. Since then, the bulls have stepped in, and now ETH is trading just south of $1,800.
Not long ago, X user Ted claimed that a decisive breakout above $1,750 could open the door for a jump to $2,000, while Poseidon envisioned an ascent to $2,500 before September.
The growing institutional interest supports the bullish outlook. The spot ETH ETFs recently experienced five consecutive green days for the first time since April, indicating that major investors such as pension funds and hedge funds have increased their exposure to the asset. However, over the past 24 hours, outflows exceeded inflows, thus breaking the positive streak.
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.
Large Shiba Inu coin holders have staged a systematic exodus from exchanges, moving tokens into long-term storage. According to analytics platform CryptoQuant, SHIB's net flow on trading platforms has remained negative for a record eight consecutive days since July 3.
So-called smart money, which controls up to 94.5% of the token's supply, has reduced selling and withdrawn hundreds of billions of tokens to "cold" wallets over this period.
The movement of tokens over the past 24 hours is reflected in the following metrics:
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Massive outflow: 226.3 billion SHIB left exchange accounts for private addresses.Modest inflow: Around 131 billion SHIB was deposited on trading platforms for potential sale.Net deficit: Exchange order books lost a net 95.35 billion SHIB in just one day.Reserves near the bottom: Total SHIB holdings on centralized platforms fell to 86.69 trillion tokens.The meme coin's price stabilized near $0.00000438 as exchange supply continued to decline. SHIB has gained approximately 4.12% since the beginning of July, but it remains trapped in a narrow range after a difficult June, when the asset lost 24%.
Large transfers slow, but reserves keep fallingThe seven-day average number of SHIB deposits to exchanges fell by 69%, while the equivalent figure for withdrawals declined by 78%. This means overall large-transfer activity weakened significantly compared with the previous week.
At the same time, the negative netflow shows that exchange reserves continue to shrink despite the lower number of transactions. The amount of SHIB available for immediate sale on centralized platforms is gradually decreasing.
Shiba Inu (SHIB) exchange netflow since July 3 2026, Source: CryptoQuant You Might Also Like
One important detail is that token withdrawals alone do not prove that all transfers are related to accumulation. Some of the activity may involve funds being redistributed between custodial wallets, internal exchange operations, or changes in storage structure.
What this means for the SHIB priceA decline in exchange supply could reduce potential selling pressure. If demand begins to rise, the smaller amount of available tokens may amplify the price response to new buying activity.
However, the eight-day outflow streak does not yet confirm the beginning of a new uptrend. Trading activity and the number of large transfers are declining alongside exchange reserves, meaning the market will need stronger spot volume to break out of the current consolidation range.
In the coming days, the main indicators for the Shiba Inu coin will be exchange reserves, daily netflow, and trading volume. Continued withdrawals combined with stronger buying activity would provide more reliable confirmation of a shift in the market balance than negative netflow alone.
The burn rate of tokens on the Shiba Inu network saw a dramatic surge on July 8, marking its highest daily total in more than six months. On that day, 113,192,435 SHIB tokens were removed from circulation, grabbing the attention of the Shiba Inu community and observers across the Ethereum-based memecoin market. Investors closely monitor these burns as supply reduction is seen as a potential catalyst for price movements and project sustainability.
Sharp drop in daily burnJust a day later, the tide quickly turned. According to data from Shibburn, only 2.64 million SHIB were burned over the past 24 hours on July 9, a total worth approximately 13 dollars. This steep daily falloff underscored that the extraordinary surge was not sustained and did not establish a lasting trend.
Shibburn’s latest data indicates that only 2.64 million SHIB, valued at roughly 13 dollars, were burned in the last 24 hours.
Despite the sharp daily slowdown, weekly data painted a more robust picture. In the last seven days, a total of 154.83 million SHIB have been burned, representing a hefty 312% increase week over week. The 30-day cumulative burn now stands at 230.06 million SHIB, suggesting ongoing community commitment to token reduction.
Market sentiment remains cautiousOn the price front, Shiba Inu traded relatively flat, lingering around the $0.000004 level amid ongoing investor caution in the wider cryptocurrency market. However, SHIB did gain 2.14% over the last 24 hours, climbing to $0.00000438 and signaling modest relief for holders.
Most crypto assets traded in the green during the early hours of Friday, energized by movement in derivatives markets. While open interest increased, spot buyers appeared more reserved. Historical trends show that enduring rallies are typically fueled when both derivatives and spot markets move upward in tandem.
Diverging signals in the derivatives marketActivity in the broader crypto derivatives space declined by 6% over the last 24 hours, falling to $141 billion in trade volume. At the same time, open interest in these markets rose 3.82% to $110.66 billion, highlighting that overall investor attention remains but is becoming more selective and strategic.
IndicatorOverall crypto derivatives marketShiba Inu24 hour volume change6% drop42.69% drop24 hour volume$141 billion$41.88 millionOpen interest change3.82% increase7.53% increaseOpen interest volume$110.66 billion$28.20 millionShiba Inu mirrored this broader trend. Derivatives volume dropped 42.69% daily, sliding to $41.88 million. In an interesting contrast, open interest in SHIB futures rose 7.53% to hit $28.2 million—pointing to growing positions being taken, even amid lower trading turnover.
The combination of falling volume and rising open interest in derivatives markets signals that investors are still searching for direction, but remain cautious in response to continuing volatility in macroeconomic conditions.
This divergence between trade volume and open positions highlights limited risk appetite for leveraged trades. With macro uncertainty persisting and spot demand yet to show significant strength, the market’s recovery continues to unfold on a tentative footing.
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.
Shiba Inu is back in demand as the overall crypto market begins to see momentum build again as bulls appear to be taking over the market.
After a few days of increased selling pressure, the latest onchain data from crypto analytics platform CryptoQuant shows that Shiba Inu buyers are back on the scene.
Shiba Inu supply shrinksWith holders now showing renewed interest in the leading meme token, the data showed that over 124 billion SHIB has been moved out of exchanges including Binance in the last 24 hours.
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This shows that SHIB holders are barely taking caution and are more willing to hold on to their tokens and acquire more from exchanges rather than sell.
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With over 124 billion SHIB moved out of exchanges within the last day, it appears that SHIB is back in demand and may be up for a bullish run as its circulating supply continues to shrink.
While the exchange activity provided a bullish signal for SHIB, the positive trend has continued since the new month began, and market participants are hopeful that the asset could see a major price breakout before the month runs out.
How long till SHIB removes another zero?Although the bullish exchange activity has seen SHIB's trading price move upwards, showing a decent gain of over 2% over the last 24 hours, the bigger question still remains how long it will continue trading with five zeros.
Following its recent rally, Shiba Inu has surged to around $0.000004378, yet it is still trading around local levels, sparking curiosity about when it would finally see a major price breakout.
Analysts have estimated that Shiba Inu would need to surge by over 128% from its current trading price to finally remove a zero and trade around $0.00001.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The official Shiba Inu (SHIB) token account on X, which has an audience of 3.8 million followers, has suddenly shifted away from its usual focus. Instead of covering the SHIB token and the development of its own ecosystem, the project's media infrastructure has begun actively promoting third-party meme tokens with extremely low market capitalizations.
Two unusual posts appeared on the profile one after another. In a reply beneath another account's post, the Shiba Inu account left a brief comment openly claiming that a new, little-known frog-themed token was superior to PEPE, a genuinely major project. The post it replied to included the micro-token's smart contract address.
Official X account of Shiba Inu (SHIB) cryptocurrency project, Source: XShortly afterward, another promotional reply appeared on the account, this time supporting a third-party meme coin launchpad and its native token. The publication was presented in SHIB's signature style, including grandiose slogans about a "mission to save meme culture" and emojis.
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The attention economy and three possible scenariosAmid fierce competition for liquidity, particularly during the summer slump, the entire crypto industry operates according to the rules of the attention economy. Major projects usually try to keep their audience focused on their own products rather than direct valuable traffic toward third-party assets, especially competing meme tokens.
The promotion of micro-cap assets to an audience of 3.8 million followers by a multibillion-dollar giant appears highly unusual and fits three possible scenarios:
Because this third-party launchpad has appeared in Shiba Inu's feed more than once, the publications may be part of an official commercial agreement. However, this raises the question of why the account's management would deliberately dilute its community's attention to promote highly speculative assets.It is also possible that individual SHIB developers or managers with access to the main account decided to monetize the project's enormous audience for personal gain.The possibility of an account compromise also cannot be ruled out. Publishing contract addresses in replies and encouraging users to buy new tokens are classic warning signs of a hacker attack. You Might Also Like
At the time of publication, official ecosystem representatives, including lead developer Shytoshi Kusama, had not commented on the situation. Until the context of these publications is clarified, SHIB investors and holders should exercise extreme caution and avoid rushing to follow links posted through the project's account.
Shiba Inu’s official X account, which commands an audience of 3.8 million followers, drew attention after posting content outside of its usual scope. Instead of focusing on SHIB-related updates or developments within its ecosystem, the account promoted several third-party meme tokens with small market capitalizations.
Unusual posts draw attentionTwo consecutive tweets stood out on the account’s timeline. In one, Shiba Inu’s account replied beneath another user’s post, claiming an obscure frog-themed token was superior to PEPE. The quoted post even included the smart contract address for the token in question.
Shortly afterward, there was another promotional post endorsing an external meme coin launchpad and its native token. The message incorporated slogans and emoji reminiscent of Shiba Inu’s usual branding, but highlighted a platform unrelated to SHIB.
The appearance of smart contract addresses and messages encouraging new token purchases from the official account raised significant security red flags that should be closely monitored.
Attention economy and possible scenariosDuring low-volume summer periods in crypto, where interest can be fleeting, major projects typically aim to keep their communities focused on their own platforms. It’s highly unusual for such a large project to direct followers toward rival or unrelated assets. Shiba Inu, known for its strong community as an Ethereum-based meme coin, has not previously engaged in this type of third-party promotion.
Given the project’s billion-dollar name recognition, the official account’s promotion of micro-cap tokens has fueled three key theories. The first is that these posts could be part of a commercial deal. However, even in that scenario, the rationale for pushing such high-risk assets to the community is questionable.
A second possibility is that an individual with access to the account—perhaps a developer or manager—used the massive following for personal gain. The third and more concerning scenario is a possible account compromise. Sharing contract addresses and directing followers toward new tokens are well-known warning signs in crypto security circles.
Mini glossary: A smart contract address is a technical identifier pointing to a token’s contract on the blockchain. Sharing these from official project accounts can create security and authority concerns by steering users directly to specific assets.
No official statement yetAs of publication, none of the project’s recognized leaders—including lead developer Shytoshi Kusama—had issued any comment regarding the posts. The silence has only deepened uncertainty about the source and motivation behind the unusual activity.
Until the situation is clarified, investors and community members should exercise extreme caution with any links or promotions shared via the official project account.
SHIB investors are strongly advised not to rush to decisions until further context is available. Critical evaluation of any new token promotions shared by the official account, and avoidance of unverified links, is essential to safeguard assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP is finally beginning to show signs of life after weeks of struggling beneath declining resistance and failing to produce any significant momentum. The asset is exhibiting some of the strongest recovery behavior since the start of its most recent decline, though it would be premature to declare this a full-scale bull market reversal.
The ability of XRP to recover from the late-June lows around $1.00 is the most significant development. Buyers intervened and forced the asset back toward the declining resistance line that has stopped every attempt at a rally over the past month, rather than creating another lower low and prolonging the bearish trend.
XRP/USDT Chart by TradingViewCurrently, XRP is testing a crucial technical barrier created by the 26-day EMA and the declining trendline at $1.12. This combination creates a crucial decision point for the market. After months of intense pressure, a successful breakout would indicate that sellers are finally losing control. What distinguishes the current move is its natural formation. Classic technical structures like double bottoms, inverse head-and-shoulders patterns, or capitulation spikes give rise to many reversals.
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XRP's recovery is not the same. Simply put, the asset stabilized, stopped declining, and gradually drew buyers back into the market. These reversals are less common because they arise from gradual accumulation rather than a dramatic washout event. The improving outlook is supported by momentum indicators. The RSI has risen above its recent lows and is approaching neutral territory, indicating rising buying interest without entering overbought territory.
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This allows for additional growth in the event that demand continues to rise. The next significant target is located at $1.17, near the 50-day EMA. A move above that level could reach the psychologically significant $1.25-$1.30 area, where more formidable resistance awaits.
On the downside, bulls still need to protect the $1.05 area as a crucial support zone. XRP is still in its early stages of recovery. The 200-day and 100-day moving averages are still significantly above the current price, indicating that the overall trend remains negative. However, for the first time in weeks, XRP is giving traders good reason to believe that a more sustainable recovery might be underway.
Shiba Inu's volume injectionAfter one of its most challenging periods this year, Shiba Inu is at last beginning to stabilize. Even though the overall trend is still negative, recent price action suggests that the market might be preparing for a potential comeback, giving investors another reason to pay attention.
After successfully defending local lows set at the end of June, SHIB is currently trading near $0.00000440. The most recent move is notable because the asset has stopped producing aggressive lower lows despite continued pressure from key moving averages. Rather than continuing its downward spiral, Shiba Inu has entered a consolidation phase that may lay the groundwork for a more significant recovery.
SHIB/USDT Chart by TradingViewWhile the Relative Strength Index rises back toward neutral territory, the chart shows SHIB recovering from oversold conditions. The RSI's slow recovery suggests that selling pressure is easing, even though it remains below the levels typically associated with strong bullish momentum. This shift is often one of the first indicators before a significant trend reversal occurs.
Volume has also improved somewhat during recent recovery attempts. The increase in activity suggests that market participants are beginning to accumulate rather than simply exit positions, even though buyers have not yet generated enough demand to break through significant resistance levels.
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The cluster of moving averages above the current price remains the main challenge. The first significant resistance level is the 26-day EMA around $0.00000460. A move above it would expose the 50-day EMA around $0.00000480, while a stronger rally could bring the 100-day moving average around $0.00000530 into focus.
Despite these positive signs, traders should exercise caution. The fact that SHIB is still trading significantly below its long-term 200-day moving average indicates that the broader trend has not yet changed. Recovery hopes are being rekindled, though they have not been fully confirmed.
Bitcoin must push aboveAlthough Bitcoin's most recent recovery attempt is gaining traction, a significant level still separates the market from a more convincing reversal. Even though Bitcoin has reclaimed short-term support and risen sharply from the sub-$60,000 area, the true test lies higher on the chart. Bitcoin is currently trading at $64,500 and is approaching the 50-day EMA at $65,400.
Throughout the most recent downturn, this moving average has served as dynamic resistance, rejecting earlier recovery attempts and thwarting bulls' efforts to sustain upside momentum. This level is the key hurdle for Bitcoin at the moment. The recent rally is encouraging, as it follows a successful defense of the $58,000-$60,000 support zone.
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At local lows, buyers intervened forcefully, pushing Bitcoin higher and lifting the RSI above the neutral 50 level. Momentum is building, and volume has held steady throughout the recovery, indicating genuine demand rather than a transient relief bounce. However, until Bitcoin breaks through the 50-day EMA, the structure remains incomplete.
A successful move above $65,400 would likely invite additional buying pressure and open the door to the 100-day EMA, located around $69,000. The 200-day moving average around $75,000, which marks the boundary between a long-term bearish and bullish environment, remains the primary target beyond that. A failure at current levels would present a different scenario.
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Another rejection from the 50-day EMA could reinforce the current downward trend and push Bitcoin back toward the $60,000 support level. While that would not necessarily invalidate the recovery, it would seriously delay any broader reversal. What makes the current setup significant is the absence of major resistance between the 50-day and 100-day moving averages.
If bulls can force a breakout now, momentum could accelerate quickly. Bitcoin does not need a dramatic trend shift or capitulation event to rebound. The $65,400 region must be decisively reclaimed. Until then, the current rally is not evidence of a new bullish trend, but rather a promising recovery attempt.
Bitcoin, XRP, and Shiba Inu have each begun to display tentative signs of recovery, following extended periods of downward pressure and market uncertainty. The three assets are currently facing pivotal technical resistances that could determine whether their recent gains mark the start of a sustained rebound or are merely short-lived corrections.
XRP attempts to break resistanceXRP has begun to recover after weeks of trading below declining resistance levels, which had consistently halted upward momentum. The asset rebounded from its late-June lows near $1.00, avoiding another lower low and preventing a further extension of the bearish trend.
Currently, XRP is testing a key resistance formed by the intersection of its 26-day exponential moving average (EMA) and a downward trendline at $1.12. This area represents a significant decision zone for traders. Should XRP break above this barrier, it would mark a shift in control away from sellers for the first time in several weeks.
The structure of XRP’s current move differs from classic technical reversal patterns, such as double bottoms or capitulation spikes. Instead, prices have gradually stabilized and slowly attracted renewed buying interest. Momentum indicators, including the Relative Strength Index (RSI), have turned higher and are moving toward neutral territory, reflecting a measured return of demand without triggering overbought signals.
XRP buyers stepped in at $1.00, preventing further losses and returning the asset to a familiar resistance zone that had halted previous rallies.
If demand persists, the next upside target is $1.17 near the 50-day EMA, with more substantial resistance expected in the $1.25 to $1.30 range. On the downside, bulls need to maintain support near $1.05 to sustain the recent recovery. While the broader trend remains negative, with both the 100-day and 200-day moving averages above the current price, market sentiment has turned more optimistic than in recent weeks.
Resistance LevelSupportKey Moving Averages$1.12 (26-day EMA/trendline), $1.17 (50-day EMA), $1.25-$1.30$1.05100-day / 200-day EMA above priceShiba Inu finds stabilityShiba Inu (SHIB), a meme-based cryptocurrency known for its high volatility, is beginning to stabilize after enduring one of its toughest stretches this year. Despite an ongoing negative trend, SHIB has managed to defend its late-June lows, now trading near $0.00000440.
The asset is consolidating, with buyers stepping in to prevent new lows even in the face of significant resistance from moving averages above its current price. This consolidation phase may set the stage for a larger market recovery, though confirmation is still lacking.
The RSI for SHIB has climbed back from oversold conditions but remains below the thresholds usually linked to robust bullish reversals. Recent increases in trading volume suggest a shift toward accumulation, indicating that sellers are losing dominance, though resistance at the 26-day EMA around $0.00000460 persists.
Should buyers clear this initial hurdle, the next resistance levels include the 50-day EMA near $0.00000480 and the 100-day moving average around $0.00000530. Still, as long as SHIB trades well below its 200-day moving average, analysts warn that a definitive trend change is yet to occur.
PriceKey ResistanceKey Moving Averages$0.00000440$0.00000460 (26-day EMA), $0.00000480 (50-day EMA), $0.00000530 (100-day MA)200-day MA above priceDespite a prolonged downturn, SHIB’s move to consolidation hints at a potential reversal if buying momentum continues.
Bitcoin nears critical resistanceBitcoin is now trading at $64,500 after rebounding from lows below $60,000. This recovery has been supported by steady trading volumes and an RSI reading that has moved above 50, suggesting genuine market demand. However, the main challenge lies ahead at the 50-day EMA, currently at $65,400, which has repeatedly acted as a barrier during prior recovery attempts.
A clean break above $65,400 is seen as a crucial step for Bitcoin in shifting the medium-term narrative. Such a move could draw in additional buyers and open the path toward the 100-day EMA at $69,000 and, potentially, the 200-day moving average at $75,000—a widely watched level separating long-term bullish and bearish sentiment.
If Bitcoin fails again to clear the 50-day EMA, analysts say this would reinforce existing downward pressure and could send prices back to the $60,000 support region. Many traders note that between the 50-day and 100-day moving averages, there is little major resistance, making a successful breakout likely to trigger rapid price gains if bulls prevail.
Until $65,400 is reclaimed, the current move is viewed as a promising recovery but not a confirmed shift into a new bullish trend.
Current PriceKey ResistanceKey Support$64,500$65,400 (50-day EMA), $69,000 (100-day EMA), $75,000 (200-day MA)$60,000Mini dictionary: Exponential Moving Average (EMA), a technical indicator that places greater weight on recent price data to measure trends, often used to identify potential support or resistance levels in asset trading.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After weeks of constant pressure to sell, Shiba Inu is finally beginning to show signs of life. Fresh market data indicates that buyers are starting to return, with spot flows turning decisively positive and suggesting a potential shift in short-term sentiment, even though the meme coin is still trapped in a larger downtrend.
Recent market data shows that SHIB's spot flow has increased by over 128%, suggesting that buying activity on spot markets is once again surpassing selling pressure. Spot purchases are one of the more accurate measures of true market demand because, in contrast to leveraged futures positions, they reflect actual capital entering the asset.
SHIB/USDT Chart by TradingViewThe flow data matches the chart's visible information. Following a decline toward the $0.00000420 area, SHIB was able to stabilize and establish a local bottom. Since then, despite ongoing weakness throughout much of the meme coin industry, the asset has shown a modest recovery, rising back above $0.00000435 and defending support. The liquidation data is another positive indication.
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Healthy accumulationThe relative balance of recent liquidations indicates that the most recent action is not being motivated by excessive leverage. Rather than chasing a speculative squeeze, buyers seem to be gradually accumulating.
The 50-day and 100-day EMAs, which are still sloping lower, are among the major moving averages that SHIB continues to trade below. Additionally, the asset is still significantly below the 200-day moving average, indicating that the long-term trend has not yet changed. The $0.00000450-$0.00000480 zone is currently the most important level to keep an eye on.
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Over the past few weeks, this area has repeatedly capped recovery attempts and coincides with nearby moving-average resistance. The first significant technical indication that buyers are regaining control would come from a successful breakout. Metrics related to volume give conflicting results.
In contrast to the significant rallies witnessed earlier this year, overall trading activity is still comparatively muted, even though spot flows are improving. This implies that in order to sustain a larger move, SHIB still needs greater participation.
As of right now, the market is making it very clear that buyers are coming back. Although a trend reversal is not guaranteed by the 128% increase in spot flow, it does indicate that accumulation is taking the place of panic selling, providing Shiba Inu with its best chance to recover in weeks.
OpenAI just did something that makes every “AI will take your job” headline feel quaint. Its newest model, GPT-5.6 Sol Ultra, generated a machine-verified proof of the Cycle Double Cover Conjecture, a problem mathematicians have been chipping away at for roughly half a century, and it did it in less than an hour.
The proof was published as a PDF on OpenAI’s CDN on July 10, 2026, with authorship attributed entirely to the model itself. Codex assisted with the writeup.
What the conjecture actually says The Cycle Double Cover Conjecture was posed independently by George Szekeres in 1973 and Paul Seymour in 1979. In English: it claims that for any graph without “bridges” (edges whose removal would disconnect the graph), you can find a collection of cycles that together cover every edge exactly twice.
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Partial results existed for specific cases, but a comprehensive, general proof remained out of reach. That is, until an AI system decided to throw 64 subagents at the problem simultaneously.
The proof itself reportedly reduces the problem using the 8-flow theorem and linear algebra over GF(3), a finite field with three elements.
Why this matters beyond math departments Discussions on Hacker News and Reddit immediately zeroed in on the verification question. A machine-verified proof is not the same as a peer-reviewed proof. Formal verification tools can confirm that logical steps follow from axioms, but mathematicians will want to understand why the proof works, not just that it does.
The GPT-5.6 series and OpenAI’s positioning The proof’s release coincided with the limited rollout of the entire GPT-5.6 series, which includes the flagship Sol model along with its Terra and Luna variants.
The 64-subagent architecture is worth pausing on. Rather than having a single model grind through the problem sequentially, Sol Ultra deployed dozens of specialized agents working in parallel.
What this means for investors This announcement had zero connection to crypto, tokens, or digital assets. No “Sol” token (despite the unfortunate naming overlap with Solana’s ticker). No blockchain verification layer. No NFT of the proof. Just pure AI research.
What investors should watch is the verification timeline. If the mathematical community validates this proof over the coming weeks and months, it becomes arguably the most significant AI achievement to date, surpassing game-playing and code generation in terms of intellectual prestige. If the proof turns out to have flaws, it becomes a cautionary tale about trusting AI-generated reasoning without human oversight.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Injective has launched a dedicated Institutional Infrastructure section on its website designed to walk enterprises through the process of piloting projects, tokenizing assets, and deploying capital in controlled onchain environments.
What the institutional page actually offers The new page outlines a four-step process for institutions: design pilots, launch in permissioned environments, tokenize assets with controlled access, and operate with institutional custody partners.
The compliance angle is front and center. Injective is highlighting KYC/AML-compliant programmable compliance, jurisdiction-based access controls, and fully configurable real-world asset markets.
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On the custody side, Injective is leaning on partnerships with BitGo and Fireblocks. Both firms already custody billions in digital assets for hedge funds, asset managers, and corporate treasuries.
The platform also supports a native Real-World Asset module, letting institutions tokenize everything from debt instruments to commodities within Injective’s ecosystem. Paired with native Ethereum Virtual Machine compatibility launched in November 2025, developers familiar with Ethereum’s tooling can build on Injective without learning an entirely new tech stack.
The network under the hood The blockchain reports over 2.94 billion onchain transactions processed to date, with a block time of 0.64 seconds. Ethereum’s block time hovers around 12 seconds.
The median transaction cost sits at $0.0001. Injective also claims over 500 onchain assets and a reported RWA volume of $6.8 billion.
The native token, INJ, serves as the backbone for governance and staking within the ecosystem.
Broader strategic context This infrastructure page is part of a broader refresh of Injective’s platform, which now features dedicated sections for institutions, developers, and the community.
Injective established the Injective Policy Institute in July 2026 specifically for US regulatory engagement.
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.
Sky Frontier Foundation just posted numbers that make the “DeFi is dead” crowd look a little silly. The organization behind the Sky Ecosystem, formerly known as Maker, revealed a $419 million annualized gross revenue run-rate in its June 2026 Financial & Operational Update, published Friday.
The numbers behind the milestone The $419 million run-rate didn’t materialize out of nowhere. Sky Protocol laid the groundwork earlier this year with a strong first quarter, generating approximately $123.79 million in gross revenue during Q1 2026 alone.
The protocol posted a surplus between $46 million and $61 million in Q1. The Sky Frontier Foundation, established in August 2025 specifically to support the broader ecosystem, anticipates the total revenue for the entire Sky Ecosystem to hit $611 million for the full year of 2026. That would represent a significant jump from the $338 million in gross revenues the protocol pulled in during 2025.
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USDS is the engine The growth story here is fundamentally a stablecoin story. USDS, Sky Protocol’s flagship stablecoin product, has become the primary revenue driver, with its combined stablecoin supply sitting near $11 billion currently.
The foundation projects USDS supply will reach $20.6 billion by the end of 2026, more than doubling from the $9.2 billion recorded at the end of 2025. Institutional investors seeking yield have been a meaningful driver of USDS adoption.
From Maker to Sky: the rebrand in context Sky Protocol is the rebranded version of MakerDAO, one of the oldest and most battle-tested protocols in decentralized finance. The rebrand included spinning up the Sky Frontier Foundation as a separate entity to manage grants, treasury operations, and ecosystem development. The foundation also manages resources for autonomous systems called Sky Agents, which support lending and stablecoin activities across the ecosystem.
What this means for investors If USDS supply really does reach $20.6 billion by year-end, it will force other stablecoin issuers to respond. For DeFi-native investors, the protocol surplus numbers matter more than the headline revenue figure. A surplus of $46 million to $61 million in a single quarter suggests the protocol has pricing power and operational efficiency that many competitors lack.
The $611 million full-year revenue projection assumes the current tailwinds persist. There is also the concentration risk inherent in a protocol that derives so much of its revenue from a single product line. USDS is the star, but the $419 million run-rate and $611 million full-year projection both depend heavily on continued institutional demand and stable macro conditions.
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.
Arbitrum (ARB), an Ethereum Layer 2 scaling solution, is experiencing renewed bullish momentum, driven by increased buying interest and accumulation activity. Sustained demand has bolstered confidence in ARB’s short-term outlook, prompting analysts to monitor key technical levels.
Strong buying activity pushes ARB toward resistanceARB is currently priced at $0.09104, supported by a 24-hour trading volume of $206.75 million and a market capitalization of $579.28 million. The coin’s price structure, along with recent buyback initiatives, is signaling the possibility of a bullish reversal despite recent market consolidation.
Chioefrat, a crypto analyst, noted that ARB’s recent response to a bullish divergence has reinforced optimism for further upside moves in the near term. The most decisive technical confirmation has emerged from the On-Balance Volume (OBV) indicator, which has completed a clean retest to confirm sustained accumulation.
On-Balance Volume data reveals that buyers have maintained steady participation as ARB’s price consolidates, often a precursor to more robust upward momentum.
Market observers suggest that if current momentum and trading volume persist, ARB could attempt to break its next significant resistance at $0.0899. Successfully closing above this level could strengthen the positive trend and attract additional market interest.
MetricCurrent ValueARB Price$0.0910424h Trading Volume$206.75 millionMarket Capitalization$579.28 millionKey Resistance$0.0899Usage-based pricing aims to improve scalabilityAlongside price developments, Arbitrum has launched an innovative usage-based pricing model for network transactions. This scheme ensures that users are billed only for the resources utilized during transaction execution, addressing prior concerns over unpredictable fees.
By introducing greater fee transparency, Arbitrum aims to simplify cost calculation for its users and improve overall network efficiency. The update is expected to reduce operational unpredictability and help foster broader adoption.
According to the project’s team, the new model can advance the protocol’s scalability by optimizing resource allocation, lowering transaction costs, and boosting throughput. These improvements set the foundation for the network to manage higher volumes as usage expands.
Mini dictionary: On-Balance Volume (OBV) is a technical indicator that uses volume flow to forecast changes in the price of a security. It adds volume on days when the price rises and subtracts volume on days when the price declines, helping traders assess buying and selling pressure.
Market outlook remains neutral amid broader recoveryDespite the optimistic forecasts and enhancements to Arbitrum’s network, ARB’s current price position remains in a neutral zone. The wider crypto market is staging a recovery, following positive momentum in BTC, and the next sessions will determine whether ARB can sustain its advance.
Future movement in ARB’s price will depend on buyers’ ability to maintain pressure and overcome the identified resistance with strong volume. Accumulation and effective implementation of Arbitrum’s tokenomics are key to supporting potential upward trends. If buying pressure diminishes, periods of consolidation may follow.
Arbitrum’s initiatives aimed at improved network efficiency and technical resilience could provide the groundwork for increased adoption if market conditions remain favorable.
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.
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.
10 July 2026 | 11:40 Circle's euro stablecoin EURC just recorded the busiest days in its four-year history, and the numbers still fit in a small town.
Santiment data shows EURC printed 1,760 daily active addresses and 713 new wallets in a single day this week, both all-time highs, arriving almost immediately after July 1, the date a MiCA license became mandatory for serving EU customers across all 27 member states.
Euro Coin ($EURC) daily active addresses and network growth hitting all-time highs. The new-wallet figure is the meaningful one. Active addresses can spike when existing holders shuffle funds; record wallet creation means fresh users are arriving. With unlicensed platforms locked out of Europe, payment teams and apps need compliant assets, and a euro token issued under Circle’s French-regulated entity is one of the few on the shelf.
The longer trend runs the same direction. EURC’s market cap has grown from under $100 million a year ago to roughly $430 million, tracking MiCA’s phase-in almost step for step, per Coinglass data. For a stablecoin that is the demand chart, since the price is pinned to one euro and adoption shows up in supply, not candles.
So the compliant euro lane is getting traffic. Then came July 9, and a number that puts the records in scale.
Teng’s 70% Binance did not obtain a MiCA license in time and suspended EU services, forcing millions of users to decide where their balances go. CEO Richard Teng gave the result: roughly 70% of withdrawn funds moved to self-custodied wallets. Only 30% landed on MiCA-compliant platforms, reported by Yahoo Finance.
Given a forced choice between regulated venues and their own keys, most affected users took the keys, moving assets outside both Binance and MiCA’s oversight entirely. Teng said the quiet part himself, arguing the migration raises questions about whether the law is achieving its consumer-protection goals, since self-hosted wallets sit beyond the supervision the framework exists to apply. EURC exchange netflows corroborate the direction, printing sustained weekly outflows through the transition, including $1.43 million in the week of July 6.
EURC spot market netflow and price performance trends through July 2026. Put the two stories side by side and the gap is the point. EURC’s record day involved fewer than two thousand addresses; Binance’s European base numbered in the millions. All-time highs and irrelevance are coexisting on a $430 million base, while the self-custody exit absorbed the bulk of a major exchange’s EU float in days. Investors are sampling the compliant lane. Most of the money, so far, is declining to drive in it.
Two Weeks Is Not a Referendum There are fair reasons to withhold the verdict. Self-custody may be a waiting room rather than a destination, since parking assets in a hardware wallet costs nothing while users watch which licensed venues earn trust, and Teng noted several EU jurisdictions have already invited Binance to apply for local licenses. If the exchange returns licensed, much of the 70% could flow back inside the perimeter and the July snapshot would read as transition friction. The euro-rail build-out also does not need Binance’s refugees: EURC’s growth is driven by platforms integrating a compliant instrument, the slower, infrastructural version of success MiCA’s drafters would settle for.
But the test is now defined, and it is measurable. EURC supply rising while the self-custody share shrinks would say Europe’s investors are accepting the framework. Records on a small base while 70% of forced movers choose their own keys says the acceptance is partial, and the burden of proof sits with the regulated lane. A rule built to bring users under supervision has, in its first two weeks, moved most of the affected money beyond it. That is the number MiCA will be judged against.
The information provided in this article is for educational and informational purposes only and does not constitute financial, investment, or trading advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Circle’s EURC stablecoin just printed its busiest day on-chain in the asset’s four-year history. Both daily active addresses and new wallet creation exploded to record levels, according to the on-chain update from Santiment. The sudden burst of usage is not noise. It aligns with a structural shift as European exchanges, apps, and payment teams hunt for compliant alternatives under the continent’s new crypto rulebook.
A Sudden Spike in Euro Coin Usage Active addresses and network growth are two of the bluntest tools for measuring real adoption. A simultaneous surge in both suggests fresh capital and new participants—not just existing holders shuffling tokens. EURC’s daily active addresses vaulted to an all-time high, and the number of new wallets entering the network did the same. That dual breakout rarely happens by accident.
The timing is critical. For years, dollar stablecoins dominated on-chain activity, while euro-denominated options stayed in the background. That has changed. Circle has been deliberately expanding EURC support, most recently with USDC/EURC pairs on Cronos and deeper cross-chain infrastructure. The market is starting to respond.
Regulation Reshaping On-Chain Euro Demand MiCA is no longer a draft proposal. Exchanges operating in the European Union now face hard compliance deadlines, and the effect on stablecoin selection is immediate. MiCA-ready assets like EURC, issued under Circle SAS, become a natural default. What makes this moment different is that the picks and shovels of euro on-chain liquidity are finally being laid while regulation forces the decision.
The contrast with the U.S. is stark. While the ongoing stalemate in U.S. stablecoin legislation drags on, Europe’s framework is already redirecting flows. EURC is capturing a meaningful slice of that redirection. Circle’s broader ecosystem updates—new chain expansions, compliant payment rails, and deepening institutional connections—give users practical reasons to reach for the token, not just to hold it.
What Traders Should Watch Stablecoins don’t pump like volatile altcoins, and nobody should read this spike as a price signal. But on-chain activity of this magnitude points to real demand building underneath Europe’s crypto payment layer. If the number of addresses and new wallets stays elevated, it would confirm a durable shift rather than a one-off burst.
The broader stablecoin picture reinforces that view. Tokenized assets are already climbing past $20 billion on-chain, and regulated stablecoins function as the settlement backbone, as seen in the recent wave of institutional RWA adoption. EURC’s record-breaking day is another data point suggesting euro-denominated liquidity is becoming a permanent on-chain fixture. The open question is whether this activity translates into deeper EURC trading pairs and whether that volume persists beyond the initial MiCA implementation window.
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.
EURC's biggest-ever surge in addresses and wallets highlights rising interest in regulated euro stablecoins.
Euro Coin (EURC) saw a sharp increase in on-chain activity as both daily active addresses and new wallet creation reached all-time highs in its four-year history, according to Santiment.
The surge likely reflects growing demand for regulated euro-denominated stablecoins as the EU’s Markets in Crypto-Assets (MiCA) framework encourages exchanges, payment providers, and crypto applications to adopt compliant digital assets.
Biggest On-Chain Spike Circle’s EURC has emerged as one of the leading euro-backed stablecoins in this environment, particularly as usage for these tokens continues to expand beyond traditional US dollar trading pairs. Santiment said the latest on-chain data indicates euro liquidity is becoming increasingly important across blockchain networks.
The analytics firm also linked the increase in activity to recent developments within Circle’s ecosystem, broader cross-chain expansion of stablecoins, and renewed interest in compliant payment infrastructure.
Circle issues EURC through Circle SAS, with the regulated euro-backed stablecoin available on networks including Ethereum. It has also continued expanding EURC support across additional blockchain ecosystems. This includes enabling USDC and EURC on Cronos while investing in broader stablecoin infrastructure.
Santiment said that although stablecoins do not typically experience price rallies like other crypto assets, rising activity around EURC points to growing underlying demand within Europe’s blockchain-based payment ecosystem.
Europe’s Regulated Stablecoin The market for MiCA-compliant euro stablecoins currently consists of eight fully authorized tokens, which offer regulated options for different types of users.
You may also like: Circle Receives Final Green Light to Establish National Trust Bank ZachXBT Sounds Alarm Over AscendEX as Users Struggle to Withdraw Funds PayPal’s Stablecoin Lands on Polygon With Built-In Compliance and Fiat Access EURC is the largest by market capitalization and is joined by Société Générale’s EURCV, which is designed for institutional and wholesale settlement. Monerium issues EURE as a regulated e-money token, while Schuman Financial offers EUROP, a newer entrant focused on the European market. StablR’s EURR is a cash-backed euro stablecoin, and Quantoz Payments issues the MiCA-compliant EURQ.
EURI, issued through Banking Circle, is among the three largest euro stablecoins by market capitalization, while EURAU is the newest addition, launched by AllUnity. The combined market capitalization of the eight tokens grew from around $295 million to $669 million over the past year, an increase of about 126%.
Imagine two AI agents walk into a marketplace. One wants to buy cloud compute, the other wants to sell it. They negotiate a price, lock funds in escrow, execute the deal, and, if something goes sideways, resolve the dispute. No humans involved at any step. That’s the pitch behind Internet Court, which officially launched on July 10 with Starknet serving as its payments and settlement backbone.
What Internet Court actually does Internet Court describes itself as an “open skill” for agentic commerce. In English: it’s a standardized toolkit that lets autonomous AI agents handle every phase of a commercial transaction without needing a human to step in and click buttons.
The system is organized across six principal layers. Agent discovery and contract formation rely on ERC standards. Negotiation happens through A2A protocols. Execution uses tools from partners in the ecosystem. And when deals go wrong, adjudication is embedded directly into the smart contracts themselves, with pre-agreed settlement mechanisms kicking in automatically.
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Starknet’s specific role is handling the financial plumbing. Its zero-knowledge execution layer manages payments, escrow, and on-chain settlement. When Agent A pays Agent B, those funds flow through Starknet. When there’s a dispute, the adjudication logic executes on Starknet as well.
The broader stack pulls in several recognizable names. GenLayer and Kleros contribute to the execution and dispute resolution layers respectively. The x402 protocol handles payment authorization. The skill itself is accessible as a skill.md file, available through curl or GitHub, with a live clerk agent already running on Telegram via the project’s website at internetcourt.org.
The partners and the bigger picture The launch consortium includes Heurist, a decentralized AI inference platform, along with Alt AI and io.net, which provides distributed GPU infrastructure.
Internet Court’s thesis is that agents won’t achieve real economic autonomy until these layers are unified. A single composable skill that handles the entire transaction lifecycle is, at least in theory, the missing infrastructure that makes agent-to-agent commerce practical rather than just demonstrable.
What this means for investors The integration of on-chain dispute resolution is perhaps the most underappreciated piece. Internet Court’s approach of embedding adjudication directly into smart contracts, with pre-agreed resolution mechanisms, offers at least a partial answer to the question of what happens when an AI agent makes a bad deal on your behalf.
The skill.md distribution model, essentially making the protocol as easy to integrate as reading a file, lowers the barrier considerably. The Telegram clerk agent is a live proof of concept accessible through internetcourt.org.
Kleros has been working on decentralized arbitration for years. GenLayer is building agent-specific smart contract infrastructure. Internet Court is pulling these projects into a unified stack rather than competing with them.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethena’s synthetic dollar token USDe has accumulated $323.7 million in deposits on the Morpho lending protocol in under four weeks. The number represents a substantial jump from the $225 million to $235 million in Ethena-related total value locked on Morpho that was recorded between March and April 2026. In other words, deposits have grown by roughly 40% in a matter of weeks.
What’s actually driving the growth Morpho’s integration with Ethena dates back to March 2024. That early partnership gave the protocol a head start in building curated lending markets around USDe and its staked counterpart, sUSDe. The staked version acts as productive collateral, meaning it generates yield while simultaneously backing borrowing positions.
In June 2026, Coinbase launched a high-yield USDC vault on Morpho that leverages USDe, giving retail users access to lending strategies that were previously the domain of institutional desks. Ethena has also been strategically allocating its backing assets, including USDT, into Morpho vaults. When the issuer of a synthetic dollar is actively deploying its reserves into the same protocol where users are depositing, it creates a self-reinforcing loop of liquidity and confidence.
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The bigger picture for USDe supply Ethena’s total USDe supply has stabilized between $4.5 billion and $6 billion in 2026. The token previously peaked above $10 billion, meaning current supply levels still represent a roughly 40% to 55% drawdown from all-time highs.
USDe maintains its dollar peg through a delta-neutral strategy: Ethena holds spot crypto positions and simultaneously shorts equivalent futures contracts. The spread between those positions generates yield. When funding rates are positive, this works well; when they’re not, it gets complicated.
Ethena forged a partnership with Janus Henderson in June 2026, bringing traditional asset management credibility to a protocol that lives entirely on-chain.
What this means for DeFi investors The Coinbase USDC vault integration creates a bridge between traditional stablecoin holders and USDe’s yield mechanics. Users deposit USDC, the vault strategy interacts with USDe on Morpho, and retail participants capture returns they couldn’t easily access before.
USDe’s yield depends on funding rates remaining positive across perpetual futures markets. During sustained bearish periods, those rates can flip negative, compressing or eliminating the protocol’s yield advantage. Ethena’s decision to diversify backing assets by deploying USDT into Morpho vaults reflects an awareness of concentration risk.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SK Hynix just pulled off the largest US debut by a foreign company in history, raising $26.5 billion on Nasdaq. Before the confetti even settled, its shares were already living on three blockchains.
Ondo Global Markets listed tokenized SK Hynix shares, trading under the ticker SKHYon, on July 10, the same day the South Korean memory chipmaker began trading on Nasdaq at $149 per American Depositary Share. The tokens are transferable across Solana, Ethereum, and BNB Chain courtesy of LayerZero’s cross-chain infrastructure.
The biggest foreign IPO meets same-day tokenization SK Hynix sold 177.9 million ADSs in its US listing, making it the single largest first-day offering by any non-American company on US exchanges.
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Through its “Ondo Global Listing” service, which launched on February 3, 2026, the protocol has been positioning itself to tokenize NYSE and Nasdaq IPOs on their actual debut day. SK Hynix is the highest-profile test of that capability to date.
Since launching in September 2025, Ondo Global Markets has expanded its tokenized stock catalog to over 430 assets. The platform surpassed $500 million in total value locked by early 2026.
Why SK Hynix matters beyond the ticker SK Hynix is the world’s leading producer of high-bandwidth memory, the specialized chips that power Nvidia’s AI GPUs and the data centers behind every major language model. Every time a hyperscaler like Microsoft, Google, or Amazon orders another rack of Nvidia H100s or B200s, SK Hynix gets paid. That positioning is what drove demand for 177.9 million shares at $149 a pop.
What this means for tokenized equities and investors Ondo’s approach of tokenizing IPOs on day one ties tokenized equities to headline-grabbing events rather than obscure secondary offerings. By deploying SKHYon across Solana, Ethereum, and BNB Chain simultaneously using LayerZero, Ondo is betting that interoperability eliminates the fragmentation problem that has plagued previous tokenized asset experiments.
TVL of $500 million across the entire platform means the average asset has just over $1 million in locked value across 430-plus tokenized assets. Ondo went from launch to $500 million TVL in roughly six months.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In This Article What an FCM License Actually DoesFrom a $1.4M Fine to a Full Exchange: The Regulatory ArcWhat Polymarket Margin Trading Would Mean for Crypto Traders Polymarket has filed for Futures Commission Merchant (FCM) registration with the National Futures Association (NFA) via an affiliate entity called Coming Home GBA, according to Bloomberg.
The July 3, 2026 NFA filing signals the world’s largest prediction market’s intent to offer regulated margin trading to US users – allowing traders to take leveraged positions on event contracts through a fully licensed intermediary.
The central tension this story unpacks is that a platform fined for running an illegal derivatives market in 2022 is now applying for the highest tier of US derivatives intermediary registration while simultaneously operating under a separate CFTC marketing investigation.
Polymarket Seeks License to Offer Margin Trading Legally in US
According to Bloomberg, Polymarket, the world’s largest prediction market platform, is seeking US regulatory approval to offer margin trading, allowing users to open positions without posting the full amount of… pic.twitter.com/Ah6CL2ZVWj
— Wu Blockchain (@WuBlockchain) July 10, 2026
What an FCM License Actually Does An FCM, Futures Commission Merchant, is a firm registered with both the Commodity Futures Trading Commission (CFTC) and the NFA that can solicit orders for futures and derivatives contracts and extend credit to customers for leveraged trading.
The FCM holds customer collateral under futures-industry custody and segregation rules, enforces margin calls, handles KYC (know your customer) verification, and files regulatory reports with the CFTC.
This is a materially different arrangement from how most crypto trading platforms operate today. On a typical on-chain prediction market, a user connects a self-custody wallet, deposits funds, and trades without a regulated intermediary touching the transaction.
The FCM model inserts a licensed broker between the user and the exchange, a structure that unlocks access for institutional clients but adds friction for retail users accustomed to DeFi’s permissionless rails.
For Polymarket specifically, FCM registration would allow it to offer leveraged trading in the US through a compliant broker channel, rather than the on-chain, self-custody model that drew the CFTC’s attention four years ago.
DISCOVER: Best Meme Coin ICOs to Invest in 2026
From a $1.4M Fine to a Full Exchange: The Regulatory Arc Polymarket spent years teaching everyone "put your money where your mouth is." Someone just did — and sued them for $500K.
The lawsuit centers on one gap: the market title said one thing, the resolution rules said another. $6.5M in losses across 1,868 traders came from that same… pic.twitter.com/fQfhOfPjn1
— GlitchLord (@Ph4nt0m_wb3) July 10, 2026
Polymarket’s regulatory journey has been significant. In January 2022, the CFTC fined Polymarket $1.4M for operating an unregistered event-contract market.
Rather than retracting, Polymarket acquired CFTC-licensed QCX LLC and QC Clearing LLC for about $112M, gaining a regulated exchange infrastructure.
On November 25, 2025, the CFTC recognized Polymarket as a Designated Contract Market (DCM), allowing it to onboard brokerages and route US customers. The filing by Coming Home GBA on July 3, 2026, marks Polymarket’s next step in this process.
However, the CFTC is still investigating Polymarket’s marketing practices, particularly regarding content creators winning large sums without actual investments, which institutional investors will need to consider.
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
What Polymarket Margin Trading Would Mean for Crypto Traders
(SOURCE: Dune)
Polymarket’s weekly trading volume exceeded $4Bn in June 2026, setting a record and demonstrating its scale ahead of the launch of its US margin product.
The FCM filing aims to transform this volume into a more sophisticated, institutionally accessible offering by introducing leverage and regulated brokerage infrastructure.
For retail traders familiar with regulated derivatives, the shift to an FCM-intermediated Polymarket is clear: accounts held at registered brokers, enforced margin requirements, and CFTC reporting.
However, for users accustomed to decentralized prediction markets, this change introduces more compliance and friction, but also access to leverage not available through self-custody for US users.
Polymarket’s DCM and potential FCM status provide a compliance edge that offshore or decentralized platforms struggle to match for US institutions.
Although competitors like Hyperliquid dominate on-chain perpetuals, they operate outside the US regulatory framework. A CFTC-licensed Polymarket with FCM-backed margin trading could fill a critical gap.
However, the NFA and CFTC have yet to approve the Coming Home GBA application. The approval timeline and the number of FCM partners will determine the product’s competitiveness.
While Polymarket has filed and established its infrastructure, the timeline and the ongoing CFTC investigation pose potential risks. Traders should view this as an evolving situation rather than a finalized deal.
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A crypto whale has reopened a large leveraged position on Hyperliquid’s SKHX perpetual market.
The move comes just days after the trader took a multi-million-dollar loss, as market participants continue positioning ahead of SK Hynix’s expected Nasdaq debut.
On-chain data shows wallet 0x66F4 deposited 20.32 million USDC into Hyperliquid. It then opened a 2x leveraged long position of 15,121 SKHX, worth about $22.5 million.
Onchain Lens Breaks Down the Trade Blockchain tracker Onchain Lens also reported the latest transaction. It said this was the wallet’s first trade since May 23. The position was opened at $1,480.57, with a liquidation price of $145.24.
At the time of reporting, the trade showed an unrealized loss of about $123,555. Moreover, the wallet’s lifetime trading record remained down by roughly $89,700.
Source: https://hyperbot.network/trader/0x66F463866512FC337C89baD2032acBE38ee38836 Whale Bets Again After $4.4M Loss The latest trade comes about a week after a separate whale lost $4.4 million on a previous SKHX long position. Despite that setback, the trader returned with another 2x leveraged long.
The position covered 21,207 SKHX worth roughly $30.17 million. At the time of the update, it was showing an unrealized gain of about 1,322,707.
The renewed position suggests the whale remains bullish on the synthetic pre-IPO market despite recent losses.
Source: https://hyperbot.network/trader/0x9dcf1c87b82a35519a430457c1157f21e68f302d Another Trader Keeps Accumulating Onchain Lens also highlighted another trader, yixie (@yixie10), who has generated more than $9.42 million in lifetime profits. The trader currently holds 1,840 SKHX, valued at about $2.79 million. The position has an unrealized gain of roughly $324,300.
The trader has also placed a TWAP order to buy another $1.05 million worth of SKHX. The order targets a price range between $1,488 and $1,520, suggesting continued accumulation.
Open Interest Surges Before Listing Interest in SKHX has continued to build ahead of SK Hynix’s expected Nasdaq listing on Friday.
According to data shared by GoldRush, open interest in SKHX perpetual contracts on Hyperliquid reached about $250 million. The contracts also recorded $880 million in 24-hour trading volume. SKHX was trading near $1,571.23, up 8.2% over the past 24 hours.
Fhenix contributor Zenonchain said the strong open interest ahead of the public listing reflects solid demand for pre-IPO exposure. He compared the activity to earlier synthetic markets tied to SpaceX and Cerebras.
Zenonchain also noted that the Hyperliquid Stocks sector gained 6.1%, highlighting growing interest in tokenized pre-IPO assets.
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.
Injective: Security issue related to npm packages has been resolved, and no user funds were lost.
Injective’s official team posted on social media that recent media reports covered potential security vulnerabilities involving Injective’s npm packages. The issue was immediately detected and resolved. User funds were never at risk and suffered no losses. According to the official, its security monitoring system flagged the problem in real time, quickly marked the affected package versions as deprecated, and replaced them with new versions—blocking the risk before the malicious package could be downloaded. As a result, the malicious package had zero downloads, caused no harm to users, and user fund security remained uncompromised. Injective’s npm package is among the most widely used SDKs in the cryptocurrency sector. The team has now implemented optimization measures to prevent such attack attempts from recurring.
4 hours ago
Bitget has launched the SKHYUSDT perpetual contract.
According to official announcements, Bitget has launched the SKHYUSDT perpetual contract, with a maximum leverage of 20x, and contract trading bots will be available simultaneously.
4 hours ago
Bitget launches SK Hynix’s rSKHY for the first time, offering new users the chance to split an equivalent of $50,000 worth of stocks via trading.
According to official announcements, Bitget has launched its stock spot rToken for SK Hynix (rSKHY) as its first such offering. From now until July 17, users trading rSKHY will enjoy zero trading fees. Additionally, the platform has rolled out a dedicated new user campaign with a total prize pool of SK Hynix equivalent to 50,000 USDT. During the campaign, newly registered users who complete a net deposit of no less than 1,000 USDT and their first trade will randomly receive rSKHY worth between 10 and 88 USDT. New users participating in rSKHY trading who meet cumulative trading volume thresholds can unlock tiered stock rewards, with a maximum of rSKHY worth 888 USDT per individual. The campaign runs from July 10 to July 17.
4 hours ago
Over the past 24 hours, global crypto liquidations hit $236 million, with short positions making up the bulk of the liquidations.
According to Coinglass data, global crypto market liquidations reached $236 million over the past 24 hours, including $68.7 million in long-position liquidations and $167 million in short-position liquidations.
4 hours ago
Binance to List SKHYUSDT USDT-Margined Perpetual Contract
Per official announcement, Binance will launch the SKHYUSDT perpetual contract at 23:50 UTC+8 on July 10, 2026, with a maximum leverage of 50x.
Bitcoin has climbed above the $64,000 level after U.S. President Donald Trump confirmed that the United States has agreed to continue talks with Iran following a new request from Tehran.
Summary
Trump confirmed the U.S. will continue talks with Iran after a new request from Tehran. Bitcoin climbed above $64,000 as markets reacted positively to the diplomatic update. Polymarket still places the odds of a U.S.-Iran nuclear deal by year-end at just 38%. According to a post by President Trump on Truth Social, Iran asked to resume discussions with the United States, and Washington agreed to continue negotiations. At the same time, Trump stated that the ceasefire was over, indicating that diplomatic engagement would continue despite the end of the truce.
“The Islamic Republic of Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER!”
The cryptocurrency market reacted positively to the development. Bitcoin (BTC) rose to around $64,100, gaining nearly 2% from an intraday low near $62,000. The move extended the recovery that began after heavy selling earlier this week, when renewed military exchanges between the U.S. and Iran pushed Bitcoin below the $62,000 mark.
crypto.news had previously reported that technical discussions between U.S. and Iranian officials were expected to continue. Trump’s latest statement publicly confirmed that negotiations remain active even as military tensions have yet to fully ease. Alongside Bitcoin, several major cryptocurrencies also traded higher following the announcement.
Bitcoin recovers as diplomatic contacts continue Market sentiment improved after Trump’s latest comments suggested that both sides remain engaged in negotiations despite recent hostilities. Earlier, the president had also stated that Iran wanted to make a deal “so badly,” adding to expectations that diplomatic channels had not completely broken down.
Even with Bitcoin reclaiming the psychological $64,000 level, traders continue to monitor geopolitical developments closely because recent market swings have been closely tied to headlines surrounding the conflict. This week’s decline below $62,000 came shortly after both countries exchanged strikes and Trump declared that the ceasefire had ended.
The recovery also follows several sessions of elevated volatility across digital assets, with investors reacting quickly to changes in geopolitical risk. Although Bitcoin has regained lost ground, price movements remain sensitive to further developments from Washington and Tehran.
Nuclear agreement expectations remain limited Despite the renewed talks, prediction markets continue to show limited confidence that the two countries will finalize a nuclear agreement this year. According to Polymarket data, the probability of the United States and Iran reaching a deal by Dec. 31 stands at about 38%.
Source: Polymarket The nuclear program remains the central issue separating both sides. President Trump has repeatedly maintained that Iran cannot possess a nuclear weapon, while negotiations continue alongside ongoing military and political tensions.
Energy markets remain another source of uncertainty for investors. Iran has maintained that it plans to impose tolls on vessels passing through the Strait of Hormuz, a route that carries a significant share of global oil shipments. The possibility of higher transportation costs has kept traders focused on potential disruptions to crude supplies.
Earlier this week, oil prices climbed after Iran attacked three oil tankers in the Strait of Hormuz, escalating the conflict and adding fresh inflation concerns. Higher energy prices can increase inflationary pressure, a factor that financial markets often watch because persistent inflation may reduce expectations for easier monetary policy, which can weigh on risk assets such as Bitcoin.
For now, Bitcoin’s move above $64,000 suggests investors welcomed signs that diplomatic contacts remain open. Even so, the market continues to balance improving sentiment from renewed negotiations against the unresolved issues surrounding Iran’s nuclear program and the ongoing risks to global energy supplies.
Standard Chartered maintained its 2026 year-end price target of $100,000 for Bitcoin, describing BTC, currently trading around $64,000, as an “extremely strong buying opportunity.”
According to The Block, Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the recent selling pressure on Bitcoin stemmed not from a weakness in Strategy’s balance sheet, but from the company’s failure to adequately communicate its strategic shift to the market.
In a note to his followers, Kendrick stated, “I see what’s happening at Strategy right now as simply a communication issue.” According to the analyst, the company is shifting from its long-standing “never sell Bitcoin” approach to a more complex strategy.
In Strategy’s new approach, Bitcoin serves as collateral for the company’s perpetual preferred stock, STRC. Operating like a loan product, STRC offers an annual dividend yield of 12 percent. Dividends are paid twice a month in cash, while the interest rate is adjusted monthly to incentivize STRC to trade near its nominal value of $100.
With a nominal value of approximately $10 billion, STRC is the largest financial instrument offered by Strategy.
According to Standard Chartered, the negative feedback loop between Strategy’s actions and the Bitcoin price began after STRC sharply deviated from its infinitive value. STRC fell as low as $71.25 during the day on June 26th.
This divergence reportedly began after Strategy announced on June 1st that it had sold 32 Bitcoin the previous week. The fact that STRC is still trading around $90 indicates that the market is not yet fully convinced of the company’s new strategy.
Strategy’s dollar reserves held to pay STRC dividends amount to $2.55 billion. This figure is large enough to cover approximately 17.4 months of dividend payments.
Strategy had announced a cash-out program that would allow it to sell Bitcoin from time to time to replenish its reserves, with the expectation of generating up to $1.25 billion in revenue.
According to Kendrick, if the company properly explains this new regulation to the market, it could support the STRC price and eliminate the actual need for Strategy to sell Bitcoin.
The analyst likened this mechanism to a central bank declaring it will “do whatever it takes.” Kendrick stated that if the commitment is sufficiently convincing, the company might not actually have to sell.
Standard Chartered argued that, thanks to Bitcoin collateral, STRC is highly collateralized and should return to its nominal value of $100.
Kendrick expects a recovery in STRC to happen soon, thus limiting further selling pressure on Bitcoin. The analyst considered the current developments as short-term “noise” rather than a signal that changes Bitcoin’s medium-term outlook.
While Standard Chartered maintains its year-end 2026 target of $100,000 for Bitcoin, Kendrick described the BTC price, currently around $64,000, as “screaming bullish.”
*This is not investment advice.
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In brief Since May 7, Empery Digital sold 1,400 Bitcoin for about $87.1 million, slashing its BTC treasury by nearly half. The firm repaid $10 million in debt, funded a pending property acquisition, and covered legal costs from ongoing stockholder litigation. As of July 10, the company holds 1,514 BTC and roughly $73.9 million in cash. Publicly traded Empery Digital Inc. has sold nearly half its Bitcoin treasury since early May, using the proceeds to pay down debt, prepare for an AI-related real estate acquisition, and cover mounting legal bills tied to a shareholder lawsuit, according to an SEC filing this week.
The company disclosed it sold 1,400 BTC since May 7 at an average price of about $62,200 per coin, generating roughly $87.1 million in gross proceeds. Of that total, $10 million went toward retiring outstanding debt on July 7. The remainder is earmarked for a previously announced property acquisition—pending completion of a purchase and sale agreement—as well as legal expenses stemming from stockholder litigation disclosed in the company's most recent quarterly report, along with general operating costs.
The $65 million property deal, announced on June 30, is for a “25% ownership [stake] into a private entity that is acquiring a strategically located Midwest facility to be converted into a state-of-the-art AI data center.”
As of Thursday, Empery Digital held 1,514 BTC—currently valued at nearly $96.5 million—and approximately $73.9 million in cash, with $45 million still outstanding on its debt facility, the filing shows.
Decrypt reached out to Empery Digital for comment regarding the sale and whether it impacts the firm’s treasury strategy going forward, but did not immediately receive a response.
The disclosure offers a window into how corporate holders of Bitcoin are increasingly treating their crypto reserves as a liquidity source, selling down positions to meet conventional financial obligations rather than holding the asset purely as a long-term investment.
The most prominent example is Bitcoin giant Strategy’s recent sales from its $54 billion BTC stash, which have been done to fuel dividend payments for its preferred share offerings in an effort to cool concerns around its ability to meet its financial commitments. Such fears had helped tank the price of Strategy’s MSTR common shares and its STRC preferred shares in recent weeks.
The stockholder litigation referenced in the filing was previously outlined in Empery Digital's quarterly report for the period ending March 31, though the company did not detail the specific legal costs in this week's disclosure. The filing does not specify a timeline for completing the property acquisition or resolving the pending litigation.
Empery Digital (EMPD) stock has ticked up about 2% on the day so far Friday, per data from Yahoo Finance, recently trading at $3.87. Shares are up more than 14% in the last month, but down about 15% so far this year.
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