Trading in XRP has been slowing down and becoming less volatile lately as speculation dried up after several months of high activity. The decline in activity did not indicate that investors may be losing confidence in XRP.
Instead, this decline could mean that traders are being cautious and are waiting for stronger catalysts before committing fresh capital.
In March, XRP was trading at approximately $1.13. Back then, the 30-day volume Z-score for Binance was approximately 3.00, indicating that activity exceeded the average for the same period.
Source: CryptoQuant However, since late March, there have been steady declines in participation levels and volatility as well. This level of calm typically occurs prior to large directional moves by price.
Whether XRP breaks higher or lower will likely depend on fresh liquidity returning and restoring stronger market conviction across participants.
XRP liquidity rotates across exchanges While Binance’s XRP activity has cooled down, demand has been increasingly rotating towards regional markets rather than fading altogether. too Such a shift implied that traders may be redistributing liquidity as different investors respond to changing market conditions.
At press time, the altcoin was trading at approximately 1,616 KRW on the Upbit exchange. The price had fallen from 1,673 KRW down to an intra-day low of 1,608 KRW. Simply put, sustained selling pressure was evident on the crypto’s price chart.
Source: UPbit On the contrary, 24-hour volumes stood at 71.62 million XRP or approximately $78.64 million. These figures hinted at strong levels of active participation by investors.
Therefore, if broader global demand joins this regional activity, XRP could recover strongly. Conversely, localized buying activity alone may struggle to reverse prevailing market weakness.
Institutional custody strengthens XRP adoption While regional exchanges have supported the altcoin’s trading activity, institutional infrastructure has expanded too, reinforcing the altcoin’s long-term market position.
For example – Clearstream recently announced that it will add XRP along with six other cryptocurrencies to its list of supported cryptocurrencies on its regulated custody platform based on the MiCA framework by Crypto Finance.
Source: Clearstream This update provides institutional investors compliant access via a traditional post-trade platform, as opposed to using cryptocurrency-only custodial services. As regulatory hurdles continue to decrease, so too do the operational and counterparty risks associated with investing in XRP.
All in all, if adoption across regulated custody platforms continues to accelerate, XRP could attract broader institutional capital. It will also deepen market liquidity and strengthen its role within mainstream financial markets.
Final Summary XRP’s demand has been rotating across markets as institutional infrastructure continues to strengthen long-term adoption. XRP now depends on renewed global liquidity to turn stronger institutional support into sustained price momentum.
Ripple has signed a five-year partnership with the University of Kansas, making XRP the first cryptocurrency to appear on the jerseys of a major NCAA Division I athletics program. The deal marks a new milestone for crypto’s presence in mainstream sports while carrying a personal meaning for Ripple CEO Brad Garlinghouse.
Sharing the announcement on X, Garlinghouse wrote, “Rare moment where my professional and personal worlds collide: XRP is now the first crypto on the jersey of a major college athletics program, at my alma mater. XRP Family, meet the Jayhawks. Rock Chalk!”
Garlinghouse, who was born in Topeka and graduated from the University of Kansas with a degree in Economics, described the partnership as a special moment that connects both his career and college roots.
Rare moment where my professional and personal worlds collide: XRP is now the first crypto on the jersey of a major college athletics program, at my alma mater.
XRP Family, meet the Jayhawks. Rock Chalk! https://t.co/F6uAL0kMNS
— Brad Garlinghouse (@bgarlinghouse) July 8, 2026 Under the agreement, the XRP logo will appear on the uniforms of the Kansas Jayhawks’ football and basketball teams, along with other university athletic programs. The partnership is expected to put the XRP brand in front of millions of college sports fans over the next five years.
Kansas Athletics also welcomed the collaboration, saying, “A shared commitment to innovation and excellence. Kansas Athletics is proud to announce a new groundbreaking partnership with Ripple, bringing the XRP brand to Jayhawk uniforms.”
A shared commitment to innovation and excellence. 🤝
Kansas Athletics is proud to announce a new groundbreaking partnership with Ripple, bringing the XRP brand to Jayhawk uniforms. pic.twitter.com/ucTnIk12QG
— Kansas Jayhawks (@KUAthletics) July 8, 2026 But the deal goes beyond branding. Ripple has committed to supporting financial literacy and technology education programs for student-athletes and the wider university community.
The company says the initiative will help students build skills that will benefit them beyond their athletic careers.
However, sports deals are not new in crypto, crypto firms have a mixed history with sports sponsorships. FTX secured the naming rights to the Miami Heat’s arena in 2021 and Terra signed a major five-year deal with MLB’s Washington Nationals before collapsing, raising concerns about crypto partnerships. Recently, however, the trend has returned, with companies like Coinbase sponsoring the NBA and Ledger partnering with the San Antonio Spurs, showing renewed confidence in sports marketing.
Strengthening Ripple’s Ties With KansasThe partnership also builds on an existing relationship between Ripple and the university. The University of Kansas already operates an official XRP Ledger validator through its engineering school, making it an active participant in the XRP ecosystem.
While the announcement was widely seen as a major step for crypto adoption and brand visibility, it had little immediate impact on the token’s price. Following the news, XRP, the sixth largest cryptocurrency fell 1.55%, although futures open interest rose slightly, suggesting some increase in trading activity.
Even so, the sponsorship stands out as a landmark moment for both Ripple and college sports, showing how crypto companies are increasingly looking beyond traditional sponsorships to reach mainstream audiences.
Story Ends Here
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XRP is trading in a tight range around $1.09, with buyers defending the $1.00 to $1.05 support zone while sellers cap rallies below nearby resistance.Chart analysts say a long-term falling wedge and ascending channel remain intact above $1.00 to $1.05, but upside targets as high as $3.65 and beyond require a confirmed breakout that has not yet occurred.Until XRP can clear near-term resistance around $1.088 to $1.091 and then the $1.20 to $1.25 area, trading is likely to remain a support-defense setup rather than a sustained breakout.XRP is still moving sideways near $1.09, but traders are watching whether the quiet range is setting up a larger break. Buyers continue to defend the $1.00-$1.05 zone, while sellers have kept the token capped below short-term resistance. That leaves the market compressed between a support area that has held for weeks and a downtrend that still needs to be cleared.
News Background• XRP continued to trade without a clear fundamental catalyst, leaving technical levels to drive most of the session’s positioning.
• Analysts pointed to long-term falling wedge and ascending channel structures that remain intact as long as XRP holds above the $1.00-$1.05 support zone.
• Several chartists identified upside targets ranging from $2.20 to prior all-time highs near $3.65 if XRP can break its longer-term downtrend.
• More aggressive Fibonacci projections point to $4.10, $7.60 and $11.80, though those targets require a confirmed breakout that has not yet occurred.
Price Action Summary• XRP edged from $1.0890 to $1.0900 in early Tuesday trading, with price still locked inside a narrow near-term range.
• The token briefly pushed through $1.088 resistance during a 23:44 UTC breakout attempt.
• Volume during that move reached 688,000 XRP, about 120% above the session average, before momentum faded.
• Earlier selling took XRP to a session low near $1.0742 after volume rose to 80.2 million, about 83% above the 24-hour average.
Technical Analysis• The key development is that XRP continues to defend the $1.00-$1.05 support zone, which analysts say aligns with longer-term moving average and trendline support.
• The near-term chart remains weak despite the small bounce. Lower highs at $1.1133, $1.0993 and $1.0932 show sellers are still capping recovery attempts.
• XRP needs to hold above $1.088-$1.091 to build a cleaner move toward $1.093-$1.095.
• The larger setup remains a compression trade rather than a breakout. Monthly wedge and channel patterns may point to higher targets, but confirmation requires a sustained move above nearer resistance first.
• Relative weakness against bitcoin remains a risk, with the XRPBTC pair testing support near 1,700 sats.
What traders should watch• $1.00-$1.05 remains the key support zone. Losing it would put $0.90 and then $0.80 back in focus.
• $1.088-$1.091 is the immediate resistance area after capping the latest breakout attempt.
• $1.20-$1.25 is the next major zone, where candle resistance and the 100-day moving average sit.
• A move above $1.40 would be the first stronger sign that XRP is breaking out of its broader compression.
• Until XRP clears near-term resistance, the market remains a support-defense trade with long-term breakout targets still unconfirmed.
Blockchain Comes to American Product CertificationU.S. supply chain firm Made In USA Inc. has selected the $XRP Ledger as the foundation for a new product verification and certification platform, marking one of the more concrete enterprise applications to emerge on the network in recent months.
The company disclosed the transaction in a Form 8-K filing dated June 26, 2026, stating that it acquired the technology assets from its affiliate, Made in USA One LLC, in exchange for 5 million restricted shares of common stock. The transferred assets include blockchain infrastructure, artificial intelligence-based verification technology, intellectual property, digital authentication tools, proprietary domains, and supply chain software that will form the foundation of the new platform.
By combining artificial intelligence with XRPL's blockchain infrastructure, the platform will create tamper-resistant digital records that verify the origin and authenticity of American-made products, offering greater trust for manufacturers, retailers, regulators, and consumers.
Hybrid Architecture Balances Privacy and TransparencyA key feature of the platform is its hybrid blockchain architecture, which combines both public and private XRP Ledger networks. Sensitive commercial information will remain on private XRPL infrastructure, while cryptographic proof of product authenticity will be anchored to the public XRP Ledger. This approach is intended to preserve enterprise privacy while enabling independent verification of product records through a public blockchain.
The initiative reflects a broader trend in which blockchain networks are increasingly being deployed for enterprise applications extending beyond digital payments. Businesses are adopting distributed ledger technology for supply chain management, digital identity, asset tokenization, and product authentication as demand grows for transparent and secure record-keeping systems.
The acquisition also highlights the expanding role of the XRP Ledger within enterprise infrastructure. Recent industry developments have demonstrated growing adoption of XRPL for business-focused applications, including artificial intelligence integrations, digital identity solutions, tokenized assets, and commercial supply chain management.
Sources
Coinpaper: Made in USA Inc. Acquires XRP Ledger Tech Stack for Supply Chain
CoinTrust: Made in USA Inc. Expands XRPL Supply Chain Platform
XRP spot exchange-traded funds have recorded a substantial $7.29 million net outflow.
This is the most significant single-day loss that these funds have recorded since March.
The Bitwise factor
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Notably, a single fund for the unfortunate outflows. The Bitwise XRP ETF fully absorbed the $7.29 million net redemption.
However, despite bleeding capital during the mid-week trading session, the broader outlook for the Bitwise product remains rather positive.
The fund's cumulative historical net inflow still sits at an impressive $494 million.
However, it has lost only a fraction of the total capital it has attracted since its inception.
Reen volatility The July 8 outflow snapped a period of relative calm and positive momentum for XRP investment ETFs. As reported by U.Today, these products had shown impressive resilience despite all the bleeding that Bitcoin and Ethereum vehicles had suffered.
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The preceding two trading days, July 6 and July 7, saw completely flat flows with zero net movement. Before the weekend, the funds actually logged a solid $6.55 million net inflow on July 2, which itself followed a minor $1.86 million outflow on July 1.
On June 29, the funds pulled in a massive $15.34 million, building on an equally impressive $15.63 million net inflow recorded just days prior on June 26.
A drop in the bucket The recent $7.29 million dip pales in comparison to the massive capitulation event witnessed on January 29, when XRP spot ETFs lost a staggering $93 million in a single brutal trading session.
Despite the recent bumps in the road, cumulative net inflows across all approved XRP spot ETFs continue to hover around a healthy $1.40 billion mark.
Key Takeaways XRP declined 4.32% to approximately $1.07 on July 8 following Trump’s announcement ending the US-Iran ceasefire The geopolitical escalation sparked over $400 million in cryptocurrency liquidations across the market XRP experienced $8.61 million in long position liquidations — the largest since June 25 XRP spot ETFs registered no capital inflows on both July 6 and July 7 Critical support zone exists at $1.00–$1.05; breaking below could send XRP down to $0.90 XRP experienced a significant downturn on July 8 after President Donald Trump announced the termination of the ceasefire agreement between the United States and Iran. During remarks at the NATO Summit in Ankara, Trump referred to Iranian leadership as “scum” and stated his unwillingness to continue diplomatic negotiations.
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The United States had conducted strikes against 80 Iranian targets on July 7, in retaliation for Iranian assaults on commercial vessels navigating the Strait of Hormuz. Trump simultaneously reinstated oil sanctions against Iran, which had been suspended when a 60-day ceasefire was established on June 17.
Oil markets responded with prices rebounding to the June 24 peak of $74 per barrel. Cryptocurrency markets moved inversely as investors liquidated risk-sensitive assets.
XRP descended 4.32% during the trading session, hovering around $1.07 at press time. The selloff resulted in $8.61 million worth of long position liquidations in XRP — marking the highest liquidation volume since June 25. The broader cryptocurrency ecosystem witnessed more than $400 million in total liquidations.
XRP Price Crypto analyst ChartNerd (@ChartNerdTA) highlighted that $XRP has developed a hidden bearish divergence pattern on the daily chart, cautioning that XRP must recapture the $1.15 level promptly or face a probable retreat toward $1.00. This forecast has proven accurate thus far.
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Technical Indicators Signal Bearish Momentum XRP has dropped beneath its 20-day exponential moving average of $1.11, indicating bearish short-term momentum. The Awesome Oscillator has shifted to red bars, confirming that sellers currently dominate market sentiment.
Immediate support is located at the June 30 low of $1.03. Below that threshold lies the psychologically important $1.00 mark. For bulls to regain control, XRP would need to close above $1.11 for three straight days. Such a move could potentially enable a recovery toward the July 4 peak of $1.18.
As of early July 9, XRP is changing hands around $1.09, consolidating within a narrow trading band. Declining peaks at $1.1133, $1.0993, and $1.0932 demonstrate that sellers continue to suppress upward momentum.
Institutional Interest Remains Subdued Ripple secured regulatory approval in Luxembourg on July 5, achieving full compliance with Europe’s MiCA framework. However, this regulatory milestone has failed to stimulate institutional interest.
Spot XRP ETFs recorded zero net inflows on both July 6 and July 7. CME XRP futures activity totaled merely 635 contracts on July 7 — representing the weakest trading volume since June 12.
Source: SoSoValue The XRPBTC trading pair is also testing support around 1,700 satoshis, indicating persistent underperformance relative to Bitcoin.
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.
Ethereum price today: $1,740Onchain activity indicates that bulls have returned to action at a modest pace.ETH ETFs posted four straight days of inflows, but volume stays weak.ETH is testing the 20-day EMA after a rejection at the 50-day EMA near $1,800.Ethereum (ETH) has slowly seen a return of bullish dominance over the past few days after a lengthy period of bearish pressure. However, buying pressure remains weak despite registering nearly a 10% gain since the beginning of the month.
The Net Unrealized Profit/Loss (NUPL) metric has eased from -0.46 to -0.30, indicating that while recent price gains have reduced investors' losses, their holdings remain underwater. A larger price gain, fueled by strong buying pressure, will be needed to lift those holdings back into profit territory.
ETH NUPL. Source: CryptoQuantWhales or wallets with a balance of 10K-100K ETH saw inflows of roughly 100K ETH over the past week, but their balance remains largely unchanged on the three-week timeframe. On the other hand, retail wallets holding 100-1K and 1K-10K ETH saw negligible changes in their balances, with their holdings remaining largely unchanged over the period.
Meanwhile, US spot ETH exchange-traded funds (ETFs) have posted four consecutive days of net inflows for the first time since early May, per SoSoValue data. The inflows across the four days totaled $91.5 million, not strong enough to spark a major upward price surge.
A similar move is observed in the Coinbase Premium Index, which measures the sentiment of US investors. The metric has retreated from a low of -0.169 to -0.076, indicating that while US demand has improved compared to previous weeks, it remains weak overall. Notably, the index hasn't spent more than 50 days in positive territory since the beginning of the year.
ETH Coinbase Premium Index. Source: CryptoQuantHistorically, the Coinbase Premium Index and spot ETH ETF inflows have to stay elevated to spark a major upward price move.
On the derivatives side, open interest has remained flat over the past week, indicating caution among leveraged traders, who have yet to commit capital to the market despite recent price gains.
Ethereum Price Forecast: ETH tests 20-day EMAEthereum saw $61.6 million in liquidations over the past 24 hours, led by $51.5 million in long liquidations.
The move comes as ETH maintains a bearish near-term bias, holding below the 50- and 100-day Exponential Moving Averages (EMAs) at $1,803 and $1,965, respectively. Price is clinging just above the 20-day EMA support at $1,714. Momentum shows easing buying pressure with the Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) declining toward 51 and 70, respectively.
On the downside, the 20-day EMA at $1,714 offers immediate support, ahead of more substantial floors at $1,524 and $1,404, while a deeper slide would expose the longer-term base near $1,155.
ETH/USDT daily chartOn the topside, initial resistance is the cluster formed by the 50-day EMA at $1,803 and the $1,806 horizontal line. A sustained break above this area would be needed to open the way toward $1,909 and the 100-day EMA at $1,965, with higher hurdles appearing at $2,018 and $2,107.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to its official page, Polymarket has launched a derivatives trading feature, currently supporting 10 assets including BTC, ETH, SOL, HYPE, gold, silver, the S&P 500, Nasdaq 100, WTIOIL, and SPCX, with a maximum leverage of 20x.
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SMIC surpassed Kweichow Moutai in market capitalization.
According to Bitget data, SMIC’s A-share price rose nearly 15%, pushing its total market capitalization to 1.49 trillion yuan. Kweichow Moutai is currently down 1.43%, with a total market cap of 1.48 trillion yuan. (Jinshi)
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Bitcoin breaks through $63,000
According to HTX market data, Bitcoin has broken through the $63,000 mark, with a 0.74% rise in the past 24 hours.
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US tech stocks are experiencing one of the most volatile periods in history, with the volatility ratio of the Nasdaq 100 to the S&P 500 hitting a 23-year high.
The Kobeissi Letter noted in a post that tech stocks are experiencing one of the most volatile periods in history. The ratio of the Nasdaq 100 Volatility Index (VXN) to the S&P 500 Volatility Index (VIX) has risen to 1.7, its highest level in 23 years. This marks the first time the ratio has topped 1.5 since 2018. By comparison, the metric peaked at around 1.6 during the 2008 financial crisis. Currently, VXN stands at 28 points, while VIX is at 16 points – the latter is 43% lower than the former. VXN has remained above the 20-point threshold for five consecutive months, the longest such stretch since the 2022 bear market. Markets are pricing in significant volatility risk for tech stocks.
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A crypto whale closed a $100 million BTC short position, earning a profit of $5.28 million.
According to monitoring by Onchain Lens, a whale closed a $100 million Bitcoin (BTC) short position, earning a profit of $5.28 million. Wallet address 0xcf9 opened the short on June 2 at $68,859 and closed it one hour ago at $62,314, holding the position for 36 days.
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Nvidia will collaborate with Hugging Face to develop open-source robotics models.
NVIDIA has announced a partnership with Hugging Face to co-develop open-source foundation models for robotics, combining its GPU ecosystem and CUDA technology, along with Hugging Face’s extensive model library and developer community, to significantly lower the barriers to AI training and deployment for robotics. (Jinshi)
Ethereum advocates are confident that the fundamentals are bullish, but investors in the asset remain extremely bearish.
“The Summer of Ethereum Love is gaining steam,” said co-founder Joseph Lubin on Wednesday. The Consensys exec said this was due to credibly neutral steward organizations like Ethlabs launching to accelerate ETH’s capabilities through parallel efforts beyond the embattled Ethereum Foundation.
He highlighted Ethereum’s 11-year 100% uptime, censorship resistance, permissionlessness, and global neutrality as core advantages for corporations and governments building sovereign network platforms.
“Ethereum’s and ETH’s long-term high-value proposition is powerfully coming into focus for many major financial institutions. They are building on Ethereum.”
Execs Bullish, Traders Bearish The big endorsement came in response to a post on X by Sharplink CEO Joseph Chalom, who said that Ethereum is entering a new phase, with “organizations focused on infrastructure, go-to-market, and more are launching to accelerate the growth of the coming institutional supercycle.”
The Summer of Ethereum Love is gaining steam:
– New credibly neutral steward organizations to magnify capabilities and accelerate through parallel tracked activities. These will grow and others will emerge.
– Impactful reports and a new organization to help the incumbent… https://t.co/388IWUqgoc
— Joseph Lubin (@ethereumJoseph) July 8, 2026
Two Ethereum-focused organizations, Ethlabs and Ethereum Institutional, have been launched recently, backed by EF developers and Ether treasury companies.
However, despite all of the bullish sentiment coming from executives, investors, and traders don’t agree or appear split on the underlying asset.
CryptoQuant analyst ‘Darkfost’ said on Thursday that there are two very different reactions behind the ETH panic. “The crypto market is currently going through a phase of total indecision.”
You may also like: Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach Staking Surge Tightens Supply, But Negative Sentiment Still Dominates Ethereum “Assets like ETH find themselves in a particularly fragile position,” due to swings in the US-Iran conflict and the threat of Fed rate hikes this year.
“In this climate, the slightest market fluctuation is enough to trigger panic moves, as was the case when ETH came to test the $1,500 level.”
However, the analyst also observed exchange flows that exhibit a “dual movement” which “reflects a split in how market participants are reading the situation.” Some are giving in to panic and selling, while others see it as an opportunity to increase their ETH exposure, they said.
ETH Price Weakens Panic and selling have prevailed again over the past 24 hours as the asset lost 1.8%, falling to $1,720 during the Thursday morning Asian trading session.
ETH has hit resistance at $1,800 three times this week, each time being rejected. It is now back at a weekly low and poised to drop below $1,700 unless broader market momentum returns. Zooming out, the asset is at a bear market bottom, down 65% from its peak.
“ETH has spent years below the 2021 high, failed multiple reclaim attempts, reset sentiment, and returned to the same exhaustion zone for the third time,” said analyst ‘Cryptollica.’
This is “not early distribution,” but “late compression,” they said before adding that if this zone holds, “the next move will surprise people still reading it as weakness.”
Bitcoin slipped to near $62,000 mark on Thursday as geopolitical risks weighed on market sentiment, while ETF inflows offered support. The cryptocurrency was trading at $62,038 mark.
Ethereum was down 1% to trade at $1,733 mark. Bitcoin also declined 1% in the past 24 hours. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano fell up to 3%.
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Akshat Siddhant, Lead quant analyst, Mudrex said Bitcoin is trading around the $62,000 level as renewed geopolitical tensions, following President Trump’s announcement ending the ceasefire, have pushed investors toward a risk-off stance and at the same time, Japan’s 10-year government bond yield has climbed to a 30-year high, prompting a broader rotation of capital across global markets.
He further said that despite these headwinds and persistent inflation concerns, spot Bitcoin ETFs recorded $143 million in net inflows, providing support to prices and the $60,000 level now remains a critical support zone.
The global crypto market capitalisation edged down 1% to $2.14 trillion, according to CoinMarketCap. The fear and greed index slightly drops to 25, while the market sentiments remain under fear, said CoinDCX Research Team.
In the past week, Bitcoin and Ethereum were up 2% and 6.5% respectively. Among the major altcoins, BNB, XRP, Tron, Hyperliquid, and Cardano rallied up to 8% whereas Solana and Dogecoin fell 0.9% and 0.7% respectively.
CoinSwitch Markets Desk said Bitcoin slipped to around $61.5K after Trump declared the US-Iran ceasefire "over” and the turmoil raised odds of a September Fed rate hike, adding pressure on risk assets like crypto. $61K remains a crucial level, with traders expecting a reversal once talks resume.
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What other analysts say
Riya Sehgal, Research Analyst, Delta Exchange
Crypto markets are in a macro-led risk-off phase. Bitcoin’s fall toward the $61,500–$62,000 zone reflects pressure from U.S.–Iran escalation, rising crude oil, higher bond yields, Japan bond-market stress, and Strategy-related Bitcoin sale concerns. ETF flows are supportive but limited. BTC spot ETFs saw around $21.4 million of inflows, while Ethereum ETFs saw around $26.9 million.
Nischal Shetty, founder, WazirX
Bitcoin trades near $62,014, with the daily technical outlook remaining cautious as the market consolidates. Moving averages indicate near-term weakness, while balanced momentum signals suggest traders are awaiting the next major catalyst.
Vikram Subburaj, CEO, Giottus
The broader crypto market cap stood near $2.14 trillion. Bitcoin dominance held around 58%. This indicates that traders remain defensive. They are not yet rotating aggressively into altcoins. On-chain signals remain mixed. Long-term holders appear to have resumed gradual accumulation, with net buying estimated in the 50,000-100,000 Bitcoin range.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Bitcoin, Ethereum and XRP bounced after US President Donald Trump said that Iran had called him and wanted to make a deal. US stock futures also turned green following the completion of strikes confirmed by the US Central Command on Thursday.
President Trump Claims Iran Seeks Deal After Second Set of Strikes Stocks and crypto markets reacted positively to President Trump’s latest comments that Iran called him, saying “they want to make a deal so badly.” However, he is unsure about making a deal with Iran again amid ceasefire violations and strikes against US forces in the Middle East.
“I just don’t know if they’re worthy of making a deal. I don’t know that they’re going to honor the deal. That’s the problem,” Trump said. The White House is preparing for a multi-day or even weeks of strikes against Iran over the Strait of Hormuz control.
Bitcoin and XRP bounced after the US Central Command (CENTCOM) said U.S. forces completed strikes on nearly 90 Iranian military targets. These included air defense systems, coastal surveillance sites, missile and drone storage areas, naval assets, and logistics infrastructure
The strikes come after previous operations targeting Iranian military capabilities following attacks on commercial ships in the Strait of Hormuz. CENTCOM says its forces remain on alert and ready to respond.
Meanwhile, sources told CoinGape that Iranian officials rejected Trump’s claim that they are “begging for a deal,” stating that the Trump administration is repeatedly asking Iran to hold back and request talks.
Iran’s IRGC even attacked and hit US military infrastructure in Kuwait’s Camp Arifjan and Ali Al-Salem base in retaliation. It also carried out strikes on the US Fifth Fleet HQ and Sheikh Isa base in Bahrain in a joint missile and drone operation, as per Tasnim.
BREAKING: Iran's IRGC announces it has attacked and hit US military infrastructure in Kuwait's Camp Arifjan and Ali Al-Salem base, along with the US Fifth Fleet HQ and Sheikh Isa base in Bahrain in a joint missile and drone operation, per Tasnim.
The IRGC calls this the "first…
— The Hormuz Letter (@HormuzLetter) July 9, 2026
Bitcon and XRP Climb Higher Bitcoin (BTC) and XRP bounced from recent lows as traders saw Trump’s remarks on Iran as signs of negotiations. BTC dipped near $61,500 earlier amid renewed US-Iran war tensions, but buy-the-dip sentiment triggered a bounce above $62,500.
XRP also recovered, holding near $1.09 after sliding from $1.16 amid US-Iran ceasefire violations. This rebound also comes amid positive developments, including Ripple signing XRP jersey patch deal with Kansas Jayhawks.
In addition, FOMC Meeting Minutes revealed that Fed officials support holding interest rates steady for longer, despite a rate hike still on the table. Bitcoin and XRP trading volumes remain in the red as traders await macro and clear technical catalysts.
Bitcoin has started July on a solid footing, consistent with its historically strong seasonal performance. Supportive comments from President Trump, including remarks that the US is “taking over crypto” and SEC pro-crypto rules changes, have helped sentiment. BIT predicted Bitcoin faces initial resistance at $65,955.
#BTC
If history repeats, things are likely going to pick up for Bitcoin and its Summer relief rally in the second half of July$BTC #Bitcoin
— Rekt Capital (@rektcapital) July 8, 2026
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Robinhood (@RobinhoodCrypto) Chain has rapidly established itself as a major force in decentralized finance, recording $500 million in 24-hour trading volume on Uniswap (@Uniswap) on July 8. The milestone makes it Uniswap's highest-volume deployment outside of Ethereum mainnet, just days after going live.
A Fast Start for a New Chain Robinhood Chain launched its public mainnet on July 1, 2026, built on the Arbitrum (@arbitrum) technology stack with 100-millisecond block times. The chain is designed for tokenized real-world assets and 24/7 financial services, with Stock Tokens tracking listed equities such as NVIDIA, Alphabet, and Apple available through Robinhood Wallet in more than 120 countries. The volume figure on July 8 was roughly 10 times higher than what the chain recorded the previous day, pointing to a sharp acceleration in user activity.
Trading was driven by a mix of wrapped Ethereum (WETH), memecoins, and tokenized stocks. Uniswap deployed all of its major protocol versions from day one, including v2, v3, v4, and UniswapX, establishing itself as the chain's primary automated market maker from the outset. According to the official Uniswap blog, Uniswap serves as the primary public AMM on Robinhood Chain with support across the Uniswap web app, wallet, and API from launch day.
Broader Context The launch is part of a wider push by Robinhood into on-chain financial infrastructure. Alongside Uniswap, day-one ecosystem partners include Chainlink for oracle infrastructure, as well as Alchemy and BitGo for additional DeFi services. The chain also introduced Robinhood Earn, a lending product targeting an estimated 7% APY on dollar-backed USDG, built on the Morpho protocol.
For Uniswap, the deployment adds another revenue-generating venue to its growing multi-chain footprint. The $UNI token rose between 11% and 14% around the time of the chain's launch as traders priced in higher protocol usage.
The key question going forward is whether the chain can sustain meaningful volumes beyond its launch week. The $500 million single-day figure is notable, but longer-term activity levels and total value locked will be more telling indicators of whether Robinhood Chain becomes a durable fixture in DeFi.
Sources:
Uniswap Blog: Uniswap is Live on Robinhood Chain
Robinhood Newsroom: Robinhood Chain Mainnet Launch
Crypto Briefing: Robinhood Chain Hits $500M in 24-Hour Uniswap Volume
TL;DR Bitcoin ETFs recorded $84.86 million in net outflows on July 8, signaling continued caution among institutional investors. Spot Ethereum ETFs attracted $70.48 million in net inflows, extending their positive streak to five consecutive trading days. The contrasting ETF flows suggest institutional capital is showing stronger interest in Ethereum than Bitcoin in the short term. Analysts continue to monitor ETF activity as a key indicator of institutional sentiment and broader crypto market direction. U.S. spot Bitcoin exchange-traded funds (ETFs) returned to negative territory on July 8, recording $84.86 million in net outflows after signs of improving investor sentiment earlier in the week. The latest figures suggest institutional demand for Bitcoin remains uneven as investors continue responding to broader macroeconomic uncertainty and crypto market volatility.
While Bitcoin products lost assets, spot Ethereum ETFs attracted $70.48 million in net inflows, extending their positive run to five consecutive trading days. The sustained inflows point to renewed institutional interest in Ethereum, even as Bitcoin funds continue to experience intermittent selling pressure.
The latest ETF flow data follows a difficult period for Bitcoin investment products. Just last week, spot Bitcoin ETFs posted more than $526 million in weekly net outflows, ending one of the weakest stretches of the year before briefly recovering with several days of fresh inflows. However, Wednesday’s withdrawals indicate investors remain cautious rather than fully returning to the market.
Ethereum Continues to Outperform in Institutional Flows Ethereum has recently shown stronger momentum among institutional investors. The latest $70.48 million in inflows builds on several consecutive days of positive demand, suggesting investors are becoming increasingly comfortable with ETH exposure despite ongoing market volatility.
Market participants have pointed to Ethereum’s expanding role in tokenization, decentralized finance, and institutional blockchain infrastructure as factors supporting demand. At the same time, several asset managers continue to increase their focus on Ethereum-based investment products, helping sustain inflows even as Bitcoin funds fluctuate.
Bitcoin, meanwhile, remains sensitive to macroeconomic developments. Investors continue to monitor interest rate expectations, global geopolitical risks, and overall risk appetite, all of which have contributed to inconsistent ETF flows in recent weeks.
Ethereum and Bitcoin ETF Flows Remain a Key Market Indicator Spot ETF activity has become one of the clearest gauges of institutional sentiment toward digital assets. Strong inflows typically signal growing confidence from professional investors, while sustained outflows often reflect a more defensive approach.
Although Bitcoin ETFs experienced another day of redemptions, the relatively modest size of the withdrawals compared with previous weeks may indicate that selling pressure is beginning to stabilize rather than accelerate. Meanwhile, Ethereum’s five-day inflow streak suggests capital is selectively rotating toward assets that investors believe offer stronger near-term opportunities.
With Bitcoin trading around the $62,000 level and market conditions remaining highly sensitive to economic developments, ETF flow data is expected to remain one of the most closely watched indicators for institutional participation in the crypto market over the coming weeks.
Key Highlights Ethereum has rallied approximately 10% throughout July, yet underlying demand signals remain subdued Binance holdings expanded by 221,000 ETH from late June onward, adding to tradable inventory Large holder transaction volumes have fallen to “Whale Left” territory according to CryptoQuant metrics Spot Ethereum ETFs in the United States recorded consecutive inflows over four sessions, accumulating $91.5 million A decisive move above $1,803 resistance (the 50-day EMA) is necessary for ETH to target $2,400 Ethereum has managed to climb roughly 10% since July began, yet the upward momentum appears increasingly precarious. Evidence from various market indicators suggests buyer participation exists but lacks conviction.
Ethereum (ETH) Price The Net Unrealized Profit/Loss (NUPL) indicator has improved from -0.46 to -0.30, signaling that while holders remain underwater on their positions, losses have contracted somewhat compared to previous levels.
Spot Ethereum exchange-traded funds in the United States experienced their first streak of positive net flows since early May, recording four straight days of capital entry. SoSoValue data confirms these combined inflows reached $91.5 million.
While encouraging on the surface, historical patterns indicate sustained ETF capital influx over extended periods is required to catalyze significant price appreciation. Current activity falls short of that threshold.
Crypto analyst Ash Crypto noted on X that ETH has retreated 6% from recent peaks following rejection at the 50-day moving average. He highlighted critical support zones at $1,670 and $1,500, emphasizing that reclaiming the MA 50 and breaking through $1,850 are essential steps toward reaching $2,400.
$ETH down 6% from recent high after rejection from resistance and the daily MA 50.
Next Supports:
– $1,670
– Strong support at $1,500
ETH needs to jump back above the MA 50 and $1,850 for further bullish momentum toward $2,400. pic.twitter.com/eCWlrcEBhO
— Ash Crypto (@AshCrypto) July 8, 2026
Large Holder Activity Contracts Data from CryptoQuant reveals that average whale transaction size declined from approximately 1,500 ETH per trade in mid-May to roughly 1,000 ETH currently, entering territory the analytics platform designates as “Whale Left.”
This retreat by institutional and high-net-worth participants reduces the volume of substantial orders flowing through markets. The resulting environment leaves pricing more vulnerable to smaller transactions, potentially amplifying near-term price swings.
Addresses containing between 10,000 and 100,000 ETH did absorb approximately 100,000 ETH during the previous week. However, total balances in this cohort have remained essentially unchanged across the past three weeks, indicating accumulation has not intensified.
Growing Supply on Trading Platforms Binance’s Ethereum reserves expanded from 3.64 million ETH to 3.87 million ETH since late June concluded—a notable addition of 221,000 ETH representing one of the more substantial reserve buildups observed in recent months.
Source: CryptoQuant Expanding exchange inventories signal greater availability of ETH for immediate market transactions. While this doesn’t guarantee imminent selling, it introduces additional supply-side pressure into a market already demonstrating fragility.
The Coinbase Premium Index, which measures sentiment among United States-based traders, has recovered from -0.169 to -0.076. Despite improvement, the negative reading indicates American buyers continue transacting at discounts relative to international markets.
ETH currently trades in the $1,740 to $1,777 range, maintaining position above the 20-day EMA situated at $1,714. Open interest in derivatives markets has remained stagnant, suggesting leveraged participants are adopting a wait-and-see approach.
On July 8, spot Bitcoin ETF flows in the United States returned to negative territory, with ETFs seeing net outflows of 84.86 million dollars for the day. Despite some modest signs of recovery earlier in the week, the numbers revealed that institutional investors remain cautious when it comes to Bitcoin.
Divergence between Bitcoin and Ethereum funds widensOn the same day, spot Ethereum ETFs attracted 70.48 million dollars in net inflows, extending their positive streak to five consecutive trading days. Recent data indicates that, at least in the short term, institutional capital is showing greater interest in Ethereum than in Bitcoin.
Data for July 8 shows net outflows of 84.86 million dollars from spot Bitcoin ETFs, contrasted by inflows of 70.48 million dollars into spot Ethereum ETFs. Notably, Ethereum has now logged five straight days of positive inflows.
An ETF, or exchange-traded fund, allows investors to gain exposure to an asset’s price movements without holding the asset directly. Spot ETFs, as distinct from futures-based products, track the real-time market price of the underlying asset rather than derivatives contracts.
Bitcoin fund weakness persists following last week’s routThe recent trend in Bitcoin investment products has already been under considerable strain. Cumulative net outflows from spot Bitcoin ETFs exceeded 526 million dollars last week. Though there were several days of inflows that briefly slowed the exodus after a historically weak period, the renewed pullback on July 8 suggests that many investors are reluctant to re-enter the market with confidence.
Volatility in Bitcoin has been fueled by ongoing macroeconomic uncertainty. Shifting interest rate expectations, global geopolitical tensions, and changing risk appetites are among the key drivers of ETF flows in recent weeks.
Institutional interest in Ethereum gathers momentumEthereum has shown stronger momentum with institutional inflows over the last week. The latest 70.48 million dollar addition builds on a series of consecutive positive days, indicating that, despite market volatility, some investors are carving out larger positions in ETH.
Market participants cite Ethereum’s expanding role in tokenization, decentralized finance (DeFi), and institutional blockchain infrastructure as key factors fueling demand. The growing interest from asset managers in Ethereum-based products is helping to sustain inflows even as Bitcoin funds experience turbulence.
Spot ETF movements continue to be one of the most closely watched indicators for measuring institutional sentiment toward digital assets.
ETF flows offer insight into market directionSpot ETF figures have become a crucial barometer for reading how professional investors view digital assets. Robust inflows are often interpreted as a sign of growing confidence, while sustained outflows point to a defensively oriented market stance.
Though Bitcoin ETFs posted another day of net outflows, the retreat was less dramatic than in previous weeks, suggesting that selling pressure may be stabilizing rather than intensifying. In contrast, Ethereum’s five-day inflow streak reveals that capital is being selectively deployed into areas perceived to offer more compelling short-term opportunities.
With Bitcoin trading around 62,000 dollars, ETF flows are expected to remain a leading indicator of institutional participation in the ever-sensitive and rapidly shifting crypto market in the weeks ahead.
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.
A crypto user has lost nearly $1 million after approving a malicious Ethereum transaction that gave scammers access to drain almost the entire wallet balance, adding to hundreds of millions of dollars in phishing losses recorded this year.
Summary
A crypto user lost nearly $1 million after approving a malicious Ethereum transaction that allowed scammers to drain the wallet. Phishing scams caused $723 million in losses across 248 incidents in 2025 as approval based attacks continued targeting crypto users. The latest theft follows another multimillion dollar onchain loss, highlighting separate risks from phishing approvals and flawed transaction routing. According to blockchain security platform Scam Sniffer, the victim lost 999,999 Tether (USDT) in an Ethereum phishing token approval scam on Wednesday after signing a malicious approval request.
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) July 9, 2026 On-chain data showed the attackers first attempted to withdraw a rounded $1 million through multicall transactions, but the transfer failed because the wallet held slightly less than that amount.
Seconds later, the attackers adjusted their script and successfully withdrew the wallet’s exact remaining balance.
“The script recalculated and pulled the exact remaining balance,” Scam Sniffer said.
Phishing approvals continue draining crypto wallets Security researchers say approval phishing remains one of the most common social engineering attacks in crypto because users unknowingly grant unlimited spending permissions while believing they are approving a harmless transaction.
According to blockchain security firm CertiK, phishing scams caused $723 million in losses across 248 incidents during 2025. In these attacks, victims are typically tricked into signing malicious token approvals, allowing attackers to move funds from their wallets without requiring another signature.
The latest incident follows another major wallet compromise reported earlier this month. In that case, a crypto holder lost about $1.65 million after connecting to a fake exchange and signing a malicious smart contract.
“The approval gave attackers unlimited access, enabling an automated sweeper to drain funds,” researcher Ryan Coleman said on Friday.
A wallet holder lost $1.65M after connecting to a fake exchange and signing a malicious contract. The approval gave attackers unlimited access, enabling an automated sweeper to drain funds. Always verify contracts and revoke unused token approvals. pic.twitter.com/MbwJx2CHSe
— Ryan C. Coleman (@RyanColeXBT) July 3, 2026 The latest phishing loss comes only days after another high-profile onchain incident highlighted a different risk facing crypto users. Earlier this week, a trader lost nearly $2 million after a decentralized exchange routed an Ether swap through a low-liquidity pool, allowing a same-block arbitrage trade to extract most of the transaction’s value.
According to GoPlus Security, the loss was caused by transaction routing rather than phishing, prompting researchers to urge users to review execution paths carefully before confirming onchain transactions.
Scam Sniffer advised users to carefully review every signature request, avoid rushing approvals and use scam detection tools or browser extensions before signing wallet transactions.
Leading cryptocurrencies fell alongside stocks on Wednesday as the U.S. strikes against Iran threaten peace negotiations.
Crypto Market ShakesBitcoin slipped under $61,500, then climbed back above $62,000 overnight. Ethereum oscillated within the $1,700 region, even as the 24-hour trading volume saw an uptick. XRP and Dogecoin sank lower.
Over $330 million was liquidated from the cryptocurrency market in the last 24 hours, with $261 million in bullish long positions alone wiped out, according to Coinglass data.
Nearly $400 million in Bitcoin longs risked liquidation if the apex cryptocurrency falls to $60,000.
Bitcoin’s open interest slid 1.40% over the last 24 hours. Smart money sentiment, which refers to the collective outlook and capital allocation of institutional investors, turned "extremely bearish” on Binance.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.15 trillion, contracting 1.67% over the last 24 hours.
Stocks Dive As Iran Strikes IntensifyStocks slipped further on Wednesday. The Dow Jones Industrial Average declined 576.76 points, or 1.09%, to end at 52,348.39. The S&P 500 lost 0.28% to close at 7,482.71. The Nasdaq Composite was the outlier, rising 0.2% to close at 25,870.65.
President Donald Trump reposted news of strikes on Iran’s southeastern city of Chahbahar on his Truth social, saying, “This is in retribution for yesterday’s bombing of ships by Iran. If it happens again, it will get much worse.”
Earlier in the day, he declared that the tentative ceasefire and memorandum of understanding with Iran is "over," sending markets reeling.
Bitcoin To Struggle In Short Term?On-chain analytics firm Santiment highlighted a sharp jump in “war-related crypto chatter,” anticipating increased volatility in the days ahead.
“If tensions keep rising, Bitcoin and altcoins may struggle short term, but if fear spikes too far too fast, it can also set up sharp relief rallies when headlines cool,” Santiment added.
Ali Martinez, a widely followed cryptocurrency analyst and trader, identified $63,000 as the major wall bulls need to break.
“Many holders who bought near $63,000 may use a return to their cost basis as an opportunity to exit at breakeven, adding selling pressure around this zone,” the analyst added.
Martinez also flagged downside risks, including potential declines to $46,000 or $37,870 if Bitcoin loses $59,000 as support.
Photo Courtesy: Marc Bruxelle on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
EMURGO, one of Cardano's three founding entities and the developer of the SecondFi wallet, has formally stepped down from its seat in the Pentad governance coalition. The move, announced on July 8, 2026, comes directly in the wake of a major security breach that drained around 16 million $ADA from hundreds of wallets.
What Happened at SecondFi SecondFi is the rebranded successor to Yoroi, which EMURGO has described as Cardano's largest wallet provider. The service was hit by four distinct wallet-draining events discovered on June 22, compromising 374 addresses and roughly 16 million ADA, worth about $2.4 million at the time, according to EMURGO's own June 25 incident report. The breach resulted from a vulnerability in SecondFi's wallet generation software that allowed attackers to reconstruct private keys using publicly available blockchain data, affecting individual wallet addresses rather than the Cardano network itself.
The team said it separately secured about 129 million ADA through emergency containment. EMURGO has said compromised wallets should be treated as permanently exposed at the address and private-key level, and that it has engaged multiple independent firms to review the incident and code, while submitting a patch closing the identified vulnerability.
EMURGO said SecondFi will not return to normal operations after the incident, even after audits finish. Short-term priorities include asset safeguarding, a recovery fund, wallet status checks, and safe migration routes for users who need to move away from SecondFi. Users have also been warned to follow only official channels, as scammers have been targeting affected users through false support links.
Why EMURGO Left the Pentad EMURGO said it is stepping down from its role in the blockchain's Pentad governance group to focus its attention on recovering user funds following the exploit. The Pentad, comprising Input Output, EMURGO, the Cardano Foundation, Intersect, and the Midnight Foundation, is a coalition that works as a coordinated, treasury-supported process focused on network-wide infrastructure needs, emphasizing unified decision-making while maintaining ecosystem representation.
EMURGO said stepping aside reflects the accountability it owes as a Cardano founding entity. The move makes EMURGO the first of Pentad's five members to exit the group. The reaction within the Cardano community has not been uniformly sympathetic, with criticism surfacing quickly in replies to EMURGO's announcement, with users questioning the organization's handling of the exploit and, more pointedly, its continued association with Pentad's treasury resources. Pentad's 70 million ADA treasury allocation, approved in January, sits at the center of that scrutiny, with some community members questioning whether EMURGO should retain any portion of those funds given the security failure.
Cardano's ADA plunged roughly 5% after EMURGO announced its exit from the Pentad governance body. EMURGO has said it will publish a full account of the incident once security reviews are complete, and that its remaining focus on SecondFi will be limited entirely to helping affected users recover their assets.
Sources
The Defiant: EMURGO Says Hacked Cardano Wallet SecondFi Won't Reopen
The Block: Cardano Founding Entity EMURGO Steps Down from Pentad Governance Role
Crypto.news: SecondFi Won't Reopen After Cardano Wallet Breach
The Cardano Foundation has officially launched the Ouroboros Leios public testnet, marking a significant milestone in the network’s long-term scaling strategy. While the development is being watched closely by the crypto community as a leap forward for Cardano’s technical roadmap, the price of ADA remains under pressure in the same period. Cardano, known for its academic approach to blockchain development, continues to prioritize research-driven upgrades for its network infrastructure.
Public testnet opens for developersThe Foundation announced the opening of “Musashi Dojo” and the availability of the Leios public testnet for anyone to try. This new environment allows the protocol—designed to boost transaction capacity without sacrificing security or decentralization—to be put through its paces in the field.
The Cardano Foundation confirmed that Musashi Dojo is now open and that years of peer-reviewed research aimed at scaling Cardano can finally be tested by the community.
This phase is expected to help developers detect potential bugs early and optimize the protocol before the Leios upgrade reaches the mainnet. In the broader context, the process could lay a stronger foundation for decentralized applications as the Cardano ecosystem continues to expand.
Mini glossary: Ouroboros Leios is a scaling-focused protocol design aimed at increasing Cardano’s transaction capacity. The public testnet provides an open environment for users and developers to experiment with these innovations before they are released to the main network.
ADA price faces persistent resistanceAt the time the news broke, ADA was trading around $0.1668, having slipped roughly 4.5 percent over the past 24 hours. The daily chart indicates that while the price found support near $0.1564, it continues to struggle with resistance just below $0.1775.
After a brief upward attempt by buyers, sellers regained control, dragging ADA back to the $0.1668 level. The price remains below the 20, 50, 100, and 200 day exponential moving averages, signaling a weak broader trend for the token.
IndicatorLevelSupport$0.1564Initial resistance$0.177520-day EMA$0.168750-day EMA$0.1851The 20-day EMA near $0.1687 is acting as short-term resistance, while the 50-day EMA around $0.1851 is being monitored as the next key threshold. Rising trading volumes during the recent rebound suggest increased market participation despite the ongoing price struggles.
Monitoring derivatives and on-chain dataAccording to CoinGlass, Cardano’s open interest in derivatives markets recently shot past the $500 million mark and continues to stay elevated. This signals that traders in the futures market are still willing to hold positions despite price volatility.
While the Leios testnet may bolster Cardano’s long-term outlook, in the short term, buyers must reclaim the $0.1775 resistance for the direction to turn decisively upward.
Data from DeFiLlama shows that total value locked (TVL) on the Cardano network has remained relatively stable. This suggests there’s no major deterioration in on-chain activity, and a daily close above the $0.1775 level could strengthen short-term sentiment. Conversely, if ADA falls below the $0.1564 support, downward pressure on the price could quickly intensify.
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.
USD/CAD moves sideways after two days of losses, trading around 1.4170 during the European hours on Thursday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.
The USD/CAD is retaining a bullish near-term bias as it holds comfortably above the 50-period Exponential Moving Average (EMA). Price is pressing against the short-term nine-period EMA, which acts as immediate resistance, while the 14-day Relative Strength Index (RSI) around 64 stays in positive territory but off extreme overbought readings, hinting at sustained upside momentum with some scope for consolidation.
The USD/CAD pair may test the immediate barrier at the nine-day EMA of 1.4182, followed by the primary barrier at the nearly 15-month high of 1.4248, reached on June 24. Further advances would expose the upper boundary of the ascending channel around 1.4400.
On the downside, the primary support lies at the lower boundary of the ascending channel around 1.4110. A break below the channel would put downward pressure on the pair to test the 50-day EMA at 1.3998.
USD/CAD: Daily Chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Canadian Dollar Price Today The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.17%-0.24%-0.15%0.03%-0.10%-0.54%-0.23%EUR0.17%-0.06%0.04%0.21%0.10%-0.34%-0.05%GBP0.24%0.06%0.09%0.26%0.17%-0.28%0.02%JPY0.15%-0.04%-0.09%0.16%0.08%-0.39%-0.08%CAD-0.03%-0.21%-0.26%-0.16%-0.10%-0.55%-0.25%AUD0.10%-0.10%-0.17%-0.08%0.10%-0.44%-0.14%NZD0.54%0.34%0.28%0.39%0.55%0.44%0.30%CHF0.23%0.05%-0.02%0.08%0.25%0.14%-0.30% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).
The British currency has also been grappling with services inflation pressures and slower growth rates that the Bank of England has had to consider. Domestic budget spending and employment developments are crucial to the performance of the pound along with relative policy settings that can affect cross-rates with the U.S. and Europe.
Other factors, such as differential inflation paths, fiscal policies, economic growth levels, trade balances, and capital flows, can continue to drive currency valuations. As central banks respond to inflation pressures, their approaches will shape future developments in the FX markets. For now, the FOMC minutes released today, along with the upcoming data, provide additional market intelligence and could be a determining factor in shaping the trend that currencies are expected to move over the short term.
Průmyslová výroba v Česku v květnu meziročně stoupla o dvě procenta. Zrychlila tak růst z dubnových 1,5 procenta. Zvýšení produkce podpořila zejména výroba počítačů či elektronických a optických přístrojů. Vyplývá to z informací, které dnes zveřejnil Český statistický úřad (ČSÚ). Ve srovnání s předchozím měsícem se průmyslová produkce snížila o 0,4 procenta, hodnota nových zakázek meziročně vzrostla o čtyři procenta.
"Průmyslová produkce v květnu meziročně vzrostla ve většině odvětví. Nejvíce růst podpořila výroba počítačů, elektronických a optických přístrojů a zařízení, a to jak vlivem oživení v tomto odvětví, tak vlivem nižší srovnávací základny," uvedla vedoucí oddělení statistiky průmyslu ČSÚ Veronika Doležalová. Ke květnovému růstu pomohla také výroba motorových vozidel, kovozpracující a chemický průmysl.
Produkce meziročně klesla ve výrobě ostatních dopravních prostředků a zařízení, kde se podle statistiků projevil vliv vysoké srovnávací základny z loňského května. Pokračoval i pokles těžby a dobývání, zejména uhlí.
Hodnota nových zakázek v květnu ve sledovaných odvětvích meziročně vzrostla o čtyři procenta, z toho nové zakázky ze zahraničí se meziročně zvýšily o 5,2 procenta a tuzemské zaznamenaly nárůst o 1,7 procenta. Meziměsíčně byla hodnota nových zakázek nižší o 1,2 procenta, uvedl ČSÚ.
"K růstu hodnoty nových průmyslových zakázek v květnu nejvýznamněji přispěla výroba počítačů, elektronických a optických přístrojů a zařízení, chemický průmysl nebo výroba základních kovů a slévárenství," konstatovala Irena Stupňánková z oddělení statistiky průmyslu ČSÚ. Meziroční pokles hodnoty nových průmyslových zakázek zaznamenala výroba papíru a výrobků z papíru i výroba strojů a zařízení.
V průmyslu dál ubývalo zaměstnanců. Jejich průměrný evidenční počet se v květnu meziročně snížil o 1,1 procenta.
Frankfurtská burza otevírá v kladných hodnotách, index DAX roste o 0,42 %.
Dodávky Porsche (-0,8 %) klesly v prvním pololetí o 16 %, a to především kvůli slabé poptávce na jeho největším trhu v Severní Americe a poklesu o téměř třetinu v Číně.
Prodeje za období ledna až června dosáhly 122 306 vozů, což je nejnižší úroveň od roku 2020. Pokles byl zaznamenán ve všech regionech – Severní Amerika oslabila o 13 % a Čína o 32 %. Porsche jako hlavní důvody celkového poklesu uvedl ukončení výroby modelu 718 se spalovacím motorem, silnou poptávku po plně elektrickém Macanovi v loňském roce a vypršení amerických daňových pobídek pro elektromobily a hybridy.
Index DAX +0,42 % na 25002,45 b. Nejsilnější akcie Změna Nejslabší akcie Změna Infineon Technologies (IFX) +2,6 % Deutsche Telekom (DTE) -1,9 % Siemens Energy (ENR) +1,9 % Deutsche Boerse (DB1) -1,1 % Siemens (SIE) +1,9 % Beiersdorf AG (BEI) -1,0 % HOCHTIEF AG (HOT) +1,9 % Henkel (HEN3) -0,8 % Bayer (BAYN) +1,7 % SAP (SAP) -0,7 % Zdroj: Bloomberg
Michal Šnobl
Fio banka, a.s.
Prohlášení
Související odkazy Německé akcie v úvodu ztrácí, reportovaly firmy DHL, BASF, Volkswagen, MTU Aero Engines a Porsche Frankfurtská burza v úvodu mírně klesá, Porsche v roce 2025 dodalo meziročně o 10 % méně vozů Frankfurtská burza na začátku týdne mírně posílila Porsche zveřejnilo výsledky za 9M, tržby meziročně klesly o 6 % Frankfurtská burza v úvodu obchodování mírně posiluje, Porsche zveřejnilo dodávky vozidel za 9M
Thu Lan Nguyen at Commerzbank notes that EUR/USD has traded in a narrow range and appears largely unaffected by Iran-related headlines, as the correlation with Oil has weakened. She highlights that markets now price Fed rate hikes despite softer labour data, reflecting a hawkish FOMC bias and reduced perceived risk of politically driven monetary easing in the United States.
Fed reaction function supports Dollar"EUR/USD appears largely unaffected by the latest developments in the Iran conflict and continues to trade in a relatively narrow range. We had already pointed out that the correlation between the exchange rate and the oil price has diminished significantly."
"In other words, the market is now pricing in Fed rate hikes even in spite of a marked decline in oil prices."
"The fact that rate-hike expectations in the market are nevertheless holding up is mainly linked to a general reassessment of the Fed’s reaction function. And this can be traced back to the latest FOMC meeting, the first under the leadership of new Fed Chair Kevin Warsh which highlighted two points:"
"A significant number of FOMC members have a bias towards rate hikes. This was confirmed once again by the minutes of the meeting published yesterday evening, which state "Participants generally assessed that information received over the intermeeting period suggested that upside risks to price stability remained elevated while downside risks to achieving maximum employment had moderated a bit." as well as "In such scenarios [of elevated inflation], almost all of these participants indicated that some policy firming would likely be warranted to return inflation to 2 percent."."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
International bank selects BRx Match to support growing transaction volumes and ISO 20022 compliance across global markets
, /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that Centralised Raiffeisen International Services & Payments S.R.L. (CRISP), the shared service centre for Raiffeisen Bank International (RBI), has upgraded to Broadridge's next-generation reconciliation platform BRx Match. The implementation supports CRISP's growing business requirements to enhance efficiency, transparency and accuracy across a host of markets spanning Europe and Asia, while reducing exposure to risk.
"Having a modernized, scalable reconciliation platform is critical for maintaining operational excellence and meeting regulatory requirements in today's rapidly evolving landscape," said Andreea-Beatrice Manea, General Manager at CRISP. "Our longstanding relationship with Broadridge has consistently delivered value, and this upgrade to BRx Match provides us with the advanced technology we need to support our ambitious growth plans, all the while ensuring compliance with the latest industry standards."
Building upon a trusted and highly successful business relationship that began in 2009, this long-term agreement marks a significant advancement in CRISP's reconciliation technology infrastructure. The new deployment will enable CRISP to handle its projected fourfold increase in transaction volumes across its operating regions.
"This expansion of our relationship with CRISP demonstrates Broadridge's ability to support complex, multi-market reconciliation requirements," said Sandeep Saggi, General Manager, Regulatory Solutions and Data Control at Broadridge. "As financial institutions look to modernise their reconciliation processes while adapting to industry changes, our next-generation platform provides the technological foundation they need for future success."
The BRx Match platform's cloud-based architecture delivers enhanced automation capabilities, improved exception management, and seamless integration with ISO 20022 messaging standards. It will support CRISP's operations across a total of 14 markets including the DACH region, Central and Eastern Europe and Asia, representing both new implementations and migrations from previous Broadridge reconciliation solutions.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.
For more information about us, please visit www.broadridge.com
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.
SMIC surpassed Kweichow Moutai in market capitalization.
According to Bitget data, SMIC’s A-share price rose nearly 15%, pushing its total market capitalization to 1.49 trillion yuan. Kweichow Moutai is currently down 1.43%, with a total market cap of 1.48 trillion yuan. (Jinshi)
35 minutes ago
Bitcoin breaks through $63,000
According to HTX market data, Bitcoin has broken through the $63,000 mark, with a 0.74% rise in the past 24 hours.
35 minutes ago
US tech stocks are experiencing one of the most volatile periods in history, with the volatility ratio of the Nasdaq 100 to the S&P 500 hitting a 23-year high.
The Kobeissi Letter noted in a post that tech stocks are experiencing one of the most volatile periods in history. The ratio of the Nasdaq 100 Volatility Index (VXN) to the S&P 500 Volatility Index (VIX) has risen to 1.7, its highest level in 23 years. This marks the first time the ratio has topped 1.5 since 2018. By comparison, the metric peaked at around 1.6 during the 2008 financial crisis. Currently, VXN stands at 28 points, while VIX is at 16 points – the latter is 43% lower than the former. VXN has remained above the 20-point threshold for five consecutive months, the longest such stretch since the 2022 bear market. Markets are pricing in significant volatility risk for tech stocks.
35 minutes ago
A crypto whale closed a $100 million BTC short position, earning a profit of $5.28 million.
According to monitoring by Onchain Lens, a whale closed a $100 million Bitcoin (BTC) short position, earning a profit of $5.28 million. Wallet address 0xcf9 opened the short on June 2 at $68,859 and closed it one hour ago at $62,314, holding the position for 36 days.
35 minutes ago
Nvidia will collaborate with Hugging Face to develop open-source robotics models.
NVIDIA has announced a partnership with Hugging Face to co-develop open-source foundation models for robotics, combining its GPU ecosystem and CUDA technology, along with Hugging Face’s extensive model library and developer community, to significantly lower the barriers to AI training and deployment for robotics. (Jinshi)
35 minutes ago
A newly created wallet withdrew 500 BTC from Binance, worth $31.15 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 500 BTC from Binance, valued at $31.15 million.
SMIC surpassed Kweichow Moutai in market capitalization.
According to Bitget data, SMIC’s A-share price rose nearly 15%, pushing its total market capitalization to 1.49 trillion yuan. Kweichow Moutai is currently down 1.43%, with a total market cap of 1.48 trillion yuan. (Jinshi)
35 minutes ago
Bitcoin breaks through $63,000
According to HTX market data, Bitcoin has broken through the $63,000 mark, with a 0.74% rise in the past 24 hours.
35 minutes ago
US tech stocks are experiencing one of the most volatile periods in history, with the volatility ratio of the Nasdaq 100 to the S&P 500 hitting a 23-year high.
The Kobeissi Letter noted in a post that tech stocks are experiencing one of the most volatile periods in history. The ratio of the Nasdaq 100 Volatility Index (VXN) to the S&P 500 Volatility Index (VIX) has risen to 1.7, its highest level in 23 years. This marks the first time the ratio has topped 1.5 since 2018. By comparison, the metric peaked at around 1.6 during the 2008 financial crisis. Currently, VXN stands at 28 points, while VIX is at 16 points – the latter is 43% lower than the former. VXN has remained above the 20-point threshold for five consecutive months, the longest such stretch since the 2022 bear market. Markets are pricing in significant volatility risk for tech stocks.
35 minutes ago
A crypto whale closed a $100 million BTC short position, earning a profit of $5.28 million.
According to monitoring by Onchain Lens, a whale closed a $100 million Bitcoin (BTC) short position, earning a profit of $5.28 million. Wallet address 0xcf9 opened the short on June 2 at $68,859 and closed it one hour ago at $62,314, holding the position for 36 days.
35 minutes ago
Nvidia will collaborate with Hugging Face to develop open-source robotics models.
NVIDIA has announced a partnership with Hugging Face to co-develop open-source foundation models for robotics, combining its GPU ecosystem and CUDA technology, along with Hugging Face’s extensive model library and developer community, to significantly lower the barriers to AI training and deployment for robotics. (Jinshi)
35 minutes ago
A newly created wallet withdrew 500 BTC from Binance, worth $31.15 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 500 BTC from Binance, valued at $31.15 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNB Chain Plans to Launch New Layer 1 Blockchain in Early 2027, Optimized for Intelligent Trading Execution
BNB Chain is developing a new Layer 1 public blockchain specifically designed for agentic trading, targeting transaction pre-confirmation in under 50 milliseconds and eliminating the public mempool to reduce front-running risks such as sandwich attacks. The chain routes transactions directly to block producers via TxStream, rotates block-producing nodes every 200 milliseconds, and reserves block space for oracles, liquidations, and cross-chain bridges through PriorityLane. By optimizing parallel execution, consensus, and storage synergy, BNB Chain aims to deliver over 100,000 transactions per second and sub-second finality. The new chain will run in parallel with the existing BNB Smart Chain, with a testnet expected by the end of 2026 and mainnet launch in early 2027.
Blue Origin Raising $10 Billion at $130 Billion Valuation, Bezos Injecting $2 Billion
The space company Blue Origin, founded by Jeff Bezos, is advancing its first external fundraising, planning to raise $10 billion at a valuation of about $130 billion (excluding new funds). Coatue Management intends to lead the round with a $4 billion investment, Bezos will personally add $2 billion, and the remaining approximately $4 billion will come from large institutional investors. Blue Origin will use the capital for projects such as New Glenn rocket launches and the TeraWave satellite communication network, competing with SpaceX in the commercial rocket and orbital infrastructure sector. Analysts previously estimated that Blue Origin’s expenditure could approach $5 billion this year, with cumulative investment reaching around $28 billion.
Justin Sun’s Lido Staking Position Exceeds 247,000 stETH, Annualized Staking Yield Reaches $9.5 Million
Justin Sun has again increased his staking position on Lido Finance, staking an additional 13,000 ETH (approximately $23.08 million) about 23 hours ago, bringing his total Lido holdings to roughly 247,436 stETH (approximately $430 million). Since February 2023, this stETH position has generated cumulative staking rewards of about 11,307 stETH (approximately $26.82 million). Based on the current annualized yield level, he can earn about $9.5 million per year.
ZachXBT: AscendEX Currently Has Almost No Liquid Assets to Process Withdrawal Requests
On-chain detective ZachXBT stated that AscendEX’s latest announcement confirmed it will cease operations, citing current market conditions and EU MiCA regulations as reasons for the shutdown. The announcement acknowledged that all withdrawals will now be manually processed and "may be delayed or not processed at all." ZachXBT noted that verified user claims amount to millions of dollars, but based on AscendEX’s publicly visible hot wallets, the platform currently has almost no available liquid assets to process these withdrawal requests. AscendEX’s official website recently announced that the platform has ceased all business operations since July 1, no longer offering account opening, deposits, trading, staking, lending, or campaign services, and retaining only limited account access for processing withdrawals, KYC updates, complaints, and exporting transaction records. The announcement stated that starting July 6, all withdrawal requests on the platform are subject to manual review and automatic withdrawals are suspended. Withdrawals will be subject to KYC/AML, sanctions and anti-fraud screening, asset and balance reconciliation, network conditions, and potential bankruptcy or legal proceedings, which may result in delays, additional documentation requirements, or failure to complete. The platform is assessing its financial condition and options for handling account funds, with a further notice to follow.
Crypto VC Giant Paradigm Raises $1.2 Billion New Fund to Bet on AI and Robotics
Crypto-focused venture capital firm Paradigm has closed a $1.2 billion new fund, which will be deployed in areas such as artificial intelligence (AI) and robotics. This is Paradigm’s third venture fund, increasing its assets under management beyond the approximately $11.9 billion already reached by the end of 2025. Paradigm will continue investing in crypto, having already placed bets in projects like Kalshi, Zipline, and True Anomaly, and launched an AI Agent evaluation tool with OpenAI. Co-founder Matt Huang said that blockchain infrastructure is converging with AI, especially AI agents, for use cases like autonomous online payments, and Paradigm aims to capture this new technology paradigm shift.
Volcano Engine Launches API Service for Doubao Image Creation Model Seedream 5.0 Pro
ByteDance’s Volcano Engine has launched the API service for the Doubao image creation model Seedream 5.0 Pro, targeting scenarios such as e-commerce marketing, advertising creative, educational content, film and television visual development, and overseas materials. The model supports interactive precision editing, including point selection, circle selection, sketch rendering, and layer separation, enabling pixel-level partial modifications without redrawing the entire image. It also enhances complex information visualization, displaying high-density charts and text in a single image; improves the realism of lighting and texture in portraits and materials; and natively supports input and generation in over ten languages to meet the demands of global content production and multilingual typesetting.
US Tech Giants Have Raised Approx. $182 Billion Through Bond Issuance This Year, Far Exceeding $13 Billion in the Same Period Last Year
So far this year, tech giants including Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX have raised a total of about $182 billion through investment-grade bond issuances exceeding $25 billion each, far exceeding the less than $13 billion raised in the same period last year. The capital is primarily intended for infrastructure spending such as artificial intelligence and data centers. Market subscription enthusiasm for such "megadeal" bonds has cooled somewhat. Amazon's latest $25 billion bond offering was only 1.6 times subscribed, and the $25 billion bond issued by SpaceX last month has weakened relative to US Treasuries in the secondary market. Some institutions are concerned that sustained heavy bond issuance by the tech and AI sectors in the coming years will increase portfolio concentration and repricing risk.
Source: Iran Has Formally Suspended US-Iran Negotiations
A senior Iranian source said that due to US threats, Iran has formally suspended negotiations with the United States on a final solution. It was previously reported that US-Iran negotiations would take place in Pakistan on July 11, discussing sanctions, frozen Iranian funds, and nuclear issues.
World: Will Migrate from Solana to Robinhood Chain
The World team announced that the project will migrate from Solana to Robinhood Chain, the proprietary chain built by Robinhood Crypto.
Crypto Market Sees Over $387 Million in Liquidations in 24 Hours, Long Positions Account for Over 80%
According to CoinGlass data, the global crypto futures market recorded total liquidations of approximately $387 million in the past 24 hours, involving 138,904 traders, with long position liquidations amounting to about $313 million, accounting for roughly 80.71%. Binance saw the largest liquidation volume at about $189 million, followed by Hyperliquid at about $58.69 million, OKX at $46.81 million, and Bybit at $33.7 million. The largest single liquidation order occurred on Binance’s ETHUSDT contract, worth about $7.2448 million. BTC and ETH recorded liquidations of about $79.84 million and $81.26 million, respectively, over the 24 hours, primarily concentrated in long positions.
Zhipu: Plans to Place Shares at ~13% Discount to Raise Over HK$31.4 Billion
智谱(02513.HK) announced on the Hong Kong Stock Exchange that it plans to place 19.78 million shares at HK$1,588 per share (a discount of about 13%) to raise approximately HK$31.41 billion.
SK Hynix Nasdaq Listing Oversubscribed by Over Seven Times, Offering Size About $24.5 Billion
South Korean memory chip giant SK Hynix's Nasdaq listing was oversubscribed by more than seven times. The offering involves a total of 177.9 million American Depositary Receipts (ADRs), attracting demand from global long-only funds, sovereign wealth funds, and institutional investors in the tech sector. Bloomberg calculations show the offering size is about $24.5 billion, potentially making it the second-largest foreign company listing in U.S. history, behind only Alibaba's $25 billion. The subscription will close at 4 p.m. Eastern Time on Wednesday, and the ADRs are expected to begin trading on Nasdaq on July 10 under the ticker SKHY.
Fed Minutes: Officials Warn Inflation Risks Could Force Rates Higher, AI Investment Becomes a New Variable
Minutes from the Fed's June meeting showed that officials did not reach a single judgment on the future policy path. If inflation remains elevated this year, rate hikes would be seen as necessary; if price pressures ease soon, rates could stay on hold. The core question determining the next move is how long the current forces pushing up prices will persist. The divergence reflected in the minutes mainly focused on how the outlook might change, not whether immediate action was required in June. Even the most hawkish officials did not push for an immediate rate hike in June. The minutes said a few participants saw a case for raising rates at that time but ultimately supported holding steady. The minutes showed that the AI investment boom, along with wars in the Middle East and tariff policy, is now seen as a factor that could keep prices elevated and prompt the Fed to raise rates. The minutes stated: “Several participants commented that price pressures have become more broad-based, with substantial increases ... across a wide range of goods and services.” More officials believe that strong business investment driven by AI infrastructure could become a new force sustaining price pressures. The upward price pressure from tariffs has also changed the backdrop for policy discussions. A year ago, the Fed could still view tariff-driven price increases as one-off factors and look past them, because the labor market was weak enough to support such patience. Now, hiring is stabilizing while new cost pressures emerge from both the energy and AI sectors. Many officials believe that continuing to wait under these circumstances entails a greater risk: above-target inflation could become entrenched.
SpaceX AI and Cursor Release 'Grok 4.5' AI Model for Legal and Financial Use Cases
SpaceXAI released a new AI model called Grok 4.5, built in collaboration with AI coding startup Cursor, aiming to narrow the gap with rivals like Anthropic and OpenAI. Grok 4.5 is designed to handle complex, long-running tasks including software engineering, legal, and financial services, with enhanced cybersecurity capabilities. The new model aims to “handle complex and time-consuming tasks”, including software engineering which many top AI developers focus on. However, unlike Cursor's previous models, Grok 4.5 aims to address a broader portfolio of work, such as legal and financial services. Grok 4.5 has enhanced cybersecurity capabilities.
OpenAI Releases GPT-Live Voice Model, Making ChatGPT More Like a Real Conversation
OpenAI officially launched its next-generation voice models GPT-Live-1 and GPT-Live-1 mini today, comprehensively upgrading ChatGPT's voice capabilities. The new models adopt a “full-duplex” architecture, capable of listening and speaking simultaneously, allowing users to interrupt at any time while the AI is responding, making the interaction closer to a real conversation. Another improvement is the separation of the voice interaction layer from the reasoning layer. When a question requires web search or more complex reasoning, GPT-Live hands off the task to the backend GPT-5.5 while keeping the conversation flowing seamlessly. Paid users can choose among three reasoning levels — “instant”, “medium”, and “high” — to balance speed and intelligence according to their needs. Additionally, GPT-Live supports real-time translation and displaying information such as weather and stocks via visual cards. OpenAI stated that GPT-Live-1 will be the default voice model for Go, Plus, and Pro paid users, while free users will use GPT-Live-1 mini. Both models will roll out gradually to users on iOS, Android, and the web globally starting today, with API access to be opened later.
EU Plans to Revise MiCA to Cover Tokenization and Non-EU Stablecoins, Consultation Until September 30
The EU is considering revising the MiCA regulation to cover emerging areas such as tokenization and non-EU stablecoin issuers, with the consultation period ending on September 30. MiCA fully took effect after the transition period ended on July 1, with only 244 firms approved as crypto-asset service providers. The revision comes against the backdrop of the rise of tokenized securities (on-chain equities have reached $2.16 billion, up nearly 45% month-on-month) and global progress in stablecoin regulation following the passage of the U.S. GENIUS Act. An EU diplomat said, “revisiting this file seems inevitable at this point.” The European Commission launched a related survey in May, saying “since MiCA was developed, digital asset markets have continued to evolve, and the global policy and regulatory landscape has also undergone significant changes,” and is assessing whether the EU framework needs updating.
Binance Wallet Integrates Plume Yield Vault nBASIS, Providing On-Chain Exposure to Bitwise and Invesco Funds
Binance Wallet has integrated Plume's flagship yield vault nBASIS, allowing users to gain exposure to tokenized funds managed by Bitwise and Invesco, including the Invesco Short Duration U.S. Government Securities Fund (AUM over $860 million) and Bitwise Crypto Carry Fund (AUM over $170 million), both tokenized by Superstate, each currently yielding around 3.5%. Binance Wallet's previous integrations primarily focused on DeFi yields and tokenized spot equities; this marks its first structured RWA yield product integration. Last month, Plume partnered with ether.fi to launch an RWA vault, with ether.fi committing $100 million, of which $25 million was allocated to nBASIS. Ryan Wen, Plume's Head of Operations and Strategy, said tokenization infrastructure is maturing, but distribution has become the key challenge, and the “distribution before assets” model will drive the next million on-chain users and trillions of dollars in assets on-chain.
DeFi Dashboard Zapper Announces Shutdown on August 3
DeFi dashboard and portfolio tracker Zapper will fully shut down on August 3, including its main website, mobile app, and API. CEO Seb Audet posted on X that after evaluating multiple options and doing their best to explore, the team realized an orderly shutdown is the best choice. Zapper was founded in 2019, starting as a DeFi portfolio tracker, reaching a peak of 2 million monthly active users and processing over $13 billion in transaction volume. It completed a $15 million Series A funding led by Framework Ventures in May 2021. Zapper launched the Zap feature to simplify complex DeFi strategy deployment, and later added DEX aggregation, NFT support, and Web3 social tools such as a Farcaster client.
Cash App Fined $45 Million for False Security Promises, Block Agrees to Settlement
Cash App parent company Block agreed to pay $45 million to settle allegations from regulators in nearly all U.S. states that it made false security promises. The New York Attorney General's office said Block marketed Cash App as offering protection comparable to a traditional bank, leading users to mistakenly believe their funds were equally safeguarded, while lacking consistent fraud detection systems and failing to provide an effective customer complaint hotline. The states accused Block of knowing fraud was rising but failing to warn users, instead ramping up marketing efforts and targeting the unbanked population. Regulators also criticized Block for encouraging users to post account identifiers during its “Cash App Friday” promotion, allowing scammers to contact users and trick them out of login credentials. Block denied wrongdoing, with a spokesperson saying the agreement mainly involves legacy issues, and that Cash App has made significant investments in consumer protection, customer service, and compliance.
Multicoin reportedly selling 167,000 HYPE via Galaxy Digital, worth about $11.2 million
A wallet likely belonging to Multicoin Capital appears to be selling HYPE through Galaxy Digital. 167,000 HYPE (approximately $11.2 million) was routed through an intermediary wallet to Galaxy Digital's OTC trading desk at around 5 o'clock.
AscendEx Announces Shutdown, User Withdrawals Face Uncertainty
Crypto exchange AscendEx announced it will cease operations effective July 1, 2026. In its July 6 announcement, AscendEx stated the shutdown was due to not obtaining an EU MiCA license, while also mentioning that "an agreed strategic deal fell through because the counterparty failed to perform." On-chain data shows AscendEx tagged addresses hold only about $13.5 million in crypto assets, of which over $12 million is in UNITE and the platform's own ASD token, with a severe shortage of major-cap token reserves. On June 20, its reserves suddenly dropped by over $240 million. ZachXBT warned users about withdrawal issues at the end of June, and on July 2 stated withdrawals were still unprocessed while deposit functions were normal, advising users to report to their local law enforcement agencies. AscendEx stated that withdrawals have been suspended, and all withdrawals will undergo manual review and may face delays or inability to process.
Strive Executive: Global Capital Is Entering the Bitcoin Market Through Three Paths
Joe Burnett, VP of Bitcoin Strategy at Strive, stated that Bitcoin's breakeven annual rate of return (ARR) is often misunderstood, and understanding this concept is crucial for comprehending the market. He categorized global capital allocation to Bitcoin into three paths: Bullish Bitcoin — believing Bitcoin will appreciate significantly, borrowing long-term funds at less than 20% cost to add positions; Neutral Bitcoin (Digital Credit) — Bitcoin only needs to grow 3.3% annually to perpetually cover dividends through capital appreciation, such buyers simply need to believe Bitcoin won't disappear and will outpace inflation, potentially already a global consensus; Bearish Bitcoin — expressing bearish views by shorting Bitcoin or leveraging short positions. Burnett pointed out that these three paths correspond to three types of Bitcoin-linked instruments, allowing major global capital allocators to find allocation methods matching their own worldviews, which is exactly how global capital exceeding a quadrillion dollars is gradually flowing into the Bitcoin market.
Ministry of Commerce and 8 Other Departments: Promote the Use of Digital Yuan in the Issuance, Settlement and Other Aspects of Consumption Vouchers
The Ministry of Commerce and eight other departments issued opinions on accelerating the innovative development of the retail industry. This includes enhancing digital intelligence capabilities. Support the digital transformation of retail business entities, achieve full-chain digitization including purchasing, sales, inventory, and logistics distribution, and connect online and offline channels, products, services, and data. Encourage platforms to provide technical empowerment to small and medium retail entities and share resources. Support third-party technology companies in developing digital management systems for small and medium retail entities, providing comprehensive solutions. Promote "AI+", and expand scenarios such as smart shopping guides, low-altitude delivery, and unmanned sales. Promote the use of digital yuan in the issuance, settlement and other aspects of consumption vouchers, and leverage digital yuan smart contracts to achieve efficient turnover and precise direct delivery of subsidy funds.
Glassnode: Bitcoin Bottoming Process Is Ongoing, but Confirmation Signals Have Not Yet Appeared
A Glassnode report pointed out that Bitcoin remains in deep value territory after five months below the True Market Mean Price and the Short-Term Holder cost basis. Long-Term Holder realized losses account for 43% of total realized value, peaking at a daily $280 million, the highest since December 2022; ETF net outflows have eased from the June peak but remain net outflows on a monthly basis, with average daily trading volumes of $650 million to $950 million, down approximately 80% from the October 2025 peak. Derivatives positioning has cautiously shifted towards longs, with put/call ratios at their lowest levels of 2026, but the options market still maintains a defensive skew, with spot prices far below the max pain point of $66,000. The report believes that bottoming conditions are in place — on-chain supply redistribution is underway, institutional outflows are slowing, and derivatives are de-risking — but confirmation signals have not yet arrived. The market still requires a further cooling of capitulation pressure, stabilization of institutional fund flows, and recapturing the True Market Mean Price to confirm a regime change.
Russia Plans Criminal Penalties for Illegal Crypto Exchange, Up to Five Years in Prison
Russia's State Duma passed in the first reading a government-proposed bill on criminal liability for "illegal organization of digital asset circulation," imposing criminal penalties for illegal cryptocurrency exchange operations without state registration and licensing. Under the bill, organizers of illegal exchanges face fines of 100,000 to 300,000 rubles or fines equivalent to one to two years' income, with courts able to impose compulsory labor or imprisonment of up to four years, along with an additional fine of up to 80,000 rubles. If committed by an organized group or involving especially large-scale income (over 3.5 million rubles), the maximum penalty is five years' imprisonment and a fine of up to 1 million rubles. The bill stipulates that penalties will take effect on July 1, 2027. Previous government crypto regulatory legislation requires all Russian crypto exchange operations to be conducted through licensed financial institutions.
An Early Diamond-Hand Whale Takes Profit Again on 7 Million Binance Life, Worth Approximately $4.95 Million
A whale who bought Binance Life early, held on, and gained approximately 5000x returns continues to take profit, selling another 7 million Binance Life ($4.95 million), of which 6.9 million ($4.88 million) was transferred to Binance, and 100,000 ($70,000) was sold on-chain for BNB. This whale bought 18.5 million tokens with 2.14 BNB ($2,480) within half an hour of Binance Life's deployment last October and held until now. Starting in June, the whale began taking profit and has sold 10.5 million tokens ($7.33 million), still holding 8 million tokens ($5.71 million) on-chain, turning $2,480 into over $13 million.
Kazakhstan President Signs Decree Proposing to Allow Enterprises and Government to Use Stablecoins for Cross-Border Payments
Kazakhstan President Tokayev signed a presidential decree on "Measures to Stimulate and Develop the Digital Asset Industry," proposing to allow enterprises and government agencies to use stablecoins for cross-border payments. The decree states that studying mechanisms for using crypto assets for payments will "open additional channels for export-import operations" for Kazakhstan. The decree also plans to exempt personal income tax for individuals conducting crypto transactions through state-regulated Kazakh infrastructure and encourages the transfer of digital assets previously held on foreign unregulated platforms to domestic service provider platforms. The decree restricts the use of associated petroleum gas for mining, stipulating that this resource may only be used for crypto asset mining when "not needed to meet national demand." The decree was jointly drafted by Kazakhstan's Ministry of Artificial Intelligence and Digital Development, the Central Bank, and the Astana International Financial Center.
Russia's Largest Private Bank Alfa-Bank Plans to Offer Cryptocurrency Services to Clients
Alfa-Bank, Russia's largest private bank, announced plans to become a digital custodian and provide cryptocurrency-related services, not only to its own clients but also to other legal entities. Alfa-Bank COO Dmitry Vitman stated that the bank hopes to create investment instruments based on open blockchains to attract foreign investors and develop its own products and tools capable of competing in the international market. He expects that after the government's crypto regulatory legislation takes effect, retail brokerage activities may emerge in Russia around late 2026 to early 2027, involving both Russian and foreign infrastructure, but large-scale liquidity is not expected before the end of 2027. A digital custodian is a regulated entity responsible under Russian law for monitoring all client crypto transactions and freezing transfers to addresses not approved by the state.
Abraxas Capital and a Whale Dormant for 3 Years Re-Accumulate Gold, Withdrawing a Combined 4,884 XAUT
Whales are re-accumulating gold. Abraxas Capital withdrew 3,931 XAUT ($15.97 million) from an exchange 12 hours ago. After 3 years of dormancy, whale 0xD20E has also started buying XAUT again, withdrawing 953 XAUT ($3.93 million) from Binance over the past 3 days.
Michael Saylor: Free Markets Have Resolved Bitcoin Block Space Anxiety, Transaction Fees Remain Low
Strategy founder Michael Saylor posted on X platform stating that Bitcoin, after a decade of block space concerns and non-currency use panics, still has no junk transaction problem. The current fee is 1 sat/vB, allowing anyone to instantly transfer any amount globally for roughly $0.30. Saylor said the free market has always solved Bitcoin's block space challenges.
He Yi: No Bias Against Meme, Don't Take My Interactions as a Signal
Binance co-founder He Yi posted on X platform stating, "If you support Zhao Changpeng or myself, you can buy BNB. There is no need to look for clues, and even less need to donate. My holdings are fully public on Binance. Do not take any of my online interactions as a signal. I have no bias against Meme, but I believe BNB Chain's Meme deserves better aesthetics."
CFTC Chair Calls for Passing Clarity Act Before August 7 Recess
CFTC Chair Michael Selig said in a Fox Business interview that the Clarity Act is "very close" to passage and must be enacted before Congress recesses on August 7. Selig stressed that establishing federal crypto asset standards is "critically important," noting that fragmented state laws have hurt American commerce, and the bill will provide certainty, clarity, and consumer protection. Selig criticized Democrats' insistence on ethics provisions as "a derailing distraction" that is "undermining a genuine opportunity for a bipartisan bill." The Clarity Act would divide crypto asset regulatory authority between the CFTC and SEC; the House passed it last year, but the Senate has yet to hold a full vote.
Scammers Use Deepfake Video of Cristiano Ronaldo to Promote Crypto Token USWR
Since early July, a video using a deepfake of Portuguese football superstar Cristiano Ronaldo has circulated widely on social media. Scammers used AI deepfake technology to create a realistic video of Ronaldo, using fake audio dubbing to have "Ronaldo" endorse a crypto token called USWR, tricking fans and investors into buying. Cases of deepfake crypto scams using celebrity likenesses are increasing, with advances in AI making fake videos much more convincing and harder for ordinary users to distinguish. Security experts warn that crypto scams are becoming a major use case for deepfake technology, and investors should be extra cautious with celebrity-endorsed crypto projects, always verifying information through official channels.
South Korea's Mirae Asset Group Approved to Acquire 92.06% of Korbit for KRW 133.4 Billion
South Korean regulators announced approval for Mirae Asset Group's subsidiary Mirae Asset Consulting to acquire a 92.06% stake in Korean crypto exchange Korbit for approximately KRW 133.4 billion (about $98 million). This marks the first acquisition of a virtual asset exchange by a traditional South Korean financial group. The Korea Fair Trade Commission also disclosed 2025 market share data for Korean crypto exchanges: Upbit ~69%, Bithumb ~28%, Coinone ~2%, Korbit ~0.5%, Gopax ~0.1%. Due to Korbit's low market share, regulators believe the deal will not restrict competition in securities or asset management, nor substantially affect competition in future markets such as digital asset ETFs.
Analysis: If the Fed Backstops US Stocks, Crypto Market May Benefit from Liquidity Injection
US stocks have grown 68% over the past five years, adding about $6 trillion in market cap this year, with 58% of Americans owning stocks. Analysts warn that if a major stock market pullback occurs, the Fed could break decades of precedent by buying stock ETFs to support the market. Bitget Wallet COO Alvin Kan noted that once the Fed intervenes (rate cuts, balance sheet expansion, or even ETF purchases), crypto markets historically tend to enter a medium- to long-term uptrend as risk appetite recovers and capital flows back into high-beta assets. HashKey senior researcher Tim Sun pointed out that crypto asset macro pricing remains linked to dollar liquidity, real rates, and equity risk sentiment; once the market believes in a policy floor, high-volatility asset risk premiums will compress, benefiting bitcoin and major crypto assets.
Robinhood Crypto's official X account announced that Robinhood Chain has now been integrated into Robinhood Wallet, allowing users to bridge, swap, and explore across multiple chains including Solana, Ethereum, and Arbitrum directly within the app.
Ripple (XRP) and Stellar (XLM) extend losses on Thursday, correcting over 6% and 10%, respectively, so far this week. XRP falls below $1.090, while XLM posts a fifth consecutive day of correction and closes below key support levels. The bearish sentiment is further strengthened by renewed tensions between the US and Iran, dampening risk appetite and heightening the risk of deeper corrections for these altcoins.
Renewed US-Iran tensions cap risk sentimentThe fragile US-Iran relationship took a new development this week, with the US military unleashing a new wave of strikes against Iran in retaliation for Tehran’s attacks on commercial ships in the Strait of Hormuz.
Iran retaliated by continuously targeting US military installations and assets across Bahrain and Kuwait. Adding to this, US President Donald Trump said on Wednesday that the ceasefire with Iran was now over.
In addition to the growing tensions, the Minutes from the June 16–17 FOMC meeting were released on Wednesday and revealed that policymakers were divided over the direction of interest rates. The minutes reflected growing concern among Fed officials over inflation just as worries about the labor market slightly receded. Following the release, swap traders are now pricing the likelihood of a rate hike at the next Fed meeting at more than 30%, up from less than 20% last Thursday, according to the CME FedWatch tool.
The renewed geopolitical uncertainty and hawkish shift in rate expectations have dampened risk appetite, weighing on cryptocurrencies with Bitcoin (BTC) slipping below $62,000. At the same time, XRP and XLM continue their correction on Thursday.
Weakening institutional demandSoSoValue data shows institutional demand is cautious. Spot Exchange-Traded Funds (ETFs) recorded an outflow of $7.29 million on Wednesday after being muted in the previous two days. If this outflow trend continues and intensifies this week, XRP could see further correction.
Total XRP spot ETF net inflow daily chart. Source: SoSoValueCryptoQuant’s summary data shows cautious optimism. XRP’s spot and futures markets show large-whale orders, while other metrics remain neutral, supporting a potential recovery. However, XLM shows selling-side dominance in both markets, with mixed retail activity and large-whale orders in the futures market, hinting at cautious sentiment among traders.
XRP summary data. Source: CryptoQuant
XLM summary data. Source: CryptoQuantXRP technical outlook: Slips below key supportXRP price trades at $1.086 on Thursday, extending a bearish near-term bias as price holds well beneath the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $1.173, $1.275 and $1.482.
XRP also sits inside a downward-sloping parallel channel, with the upper boundary near $1.090 acting as immediate overhead supply, while the Relative Strength Index (RSI) around 42 points to subdued momentum and the Moving Average Convergence Divergence (MACD) indicator, still slightly positive but easing, hints at waning bullish attempts within a broader capped structure.
On the topside, initial resistance is aligned at the upper channel boundary around $1.090, followed by the 50-day EMA near $1.173. Above that, the 100-day EMA at $1.275 converges with horizontal resistance at $1.300, forming a thicker barrier ahead of the 200-day EMA near $1.482 and a higher structural cap at $1.900.
With no meaningful nearby support levels in the current dataset, any break above the $1.090 zone would be needed to ease immediate pressure. At the same time, a failure to reclaim the short-term averages would keep the daily bias tilted to the downside.
XLM technical outlook: Extends lossesXLM price trades at $0.180 on Thursday, keeping a bearish near-term bias as price holds below the key EMAs. The 100-day EMA at $0.186, the 50-day EMA at $0.191 and the 200-day EMA at $0.198 all sit overhead, suggesting rallies are likely to be capped while the pair trades under this cluster of dynamic resistance.
Momentum indicators reinforce the soft tone, with the RSI hovering near 42 and the MACD back in negative territory, hinting that upside attempts could fade into supply.
On the downside, immediate support is located around the recent pivot zone near $0.180, ahead of a horizontal floor at $0.177. A deeper slide would expose the 78.6% Fibonacci retracement at $0.173, while a break beneath that level could open the way toward the next structural support around $0.142.
On the topside, initial resistance is seen at the 100-day EMA at $0.186, followed by the 50-day EMA at $0.191 and the 200-day EMA at $0.198. Above there, the 61.8% Fibonacci retracement at $0.200 and the 50% retracement near $0.218 are subsequent barriers, with higher Fibonacci levels at $0.237 and $0.260 likely to cap any extended recovery, while the broader structure remains bearish.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
If you’ve ever placed a bet on a prediction market and then spent the next two hours refreshing your browser waiting for it to settle, Chainlink just built the fix. The oracle network’s latest infrastructure upgrades, Chainlink Data Streams and the Chainlink Runtime Environment (CRE), compress resolution times for many prediction markets from 1-2 hours down to under five minutes.
For a market category that’s grown from $1.2 billion in monthly volume in early 2025 to over $20 billion by January 2026, that speed difference matters a lot.
How it works and who’s using it Chainlink’s Data Streams provide timestamped, verifiable price feeds that smart contracts can read automatically. The CRE layer handles the automation logic, essentially acting as the trigger that says “conditions met, pay out.” Together, they eliminate the need for extended dispute windows on deterministic outcomes like short-term cryptocurrency price movements.
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Polymarket, the largest prediction market platform by volume, is the most prominent adopter. The platform has integrated Chainlink’s technology for its 5-minute and 15-minute crypto markets, and those markets have collectively processed over $7 billion in trading volume.
But Polymarket isn’t alone. Myriad integrated Chainlink in May 2026 to power real-time markets, while the Solana-based World project launched in July 2026 using Chainlink’s oracle stack for FIFA and crypto markets.
Why slow settlements were a bigger problem than most realized When capital is locked during a dispute period, traders can’t redeploy it. Long settlement windows also create attack surfaces. With 840,000 unique wallets participating monthly in prediction markets as of the latest figures, the scale of potential exposure was growing faster than the infrastructure could handle.
Automated, verifiable resolution removes the human judgment layer for markets where outcomes are mathematically deterministic. Did BTC close above $95,000 at 4pm UTC? A timestamped data feed can answer that without a committee.
The strategic partnership between Chainlink and Polymarket, established in September 2025, was specifically designed to address these concerns. The collaboration focused on leveraging Data Streams for accuracy and CRE for automation, creating a resolution pipeline that’s both faster and harder to game.
What this means for investors The prediction market category’s growth trajectory, from $1.2 billion to over $20 billion in monthly volume within roughly a year, is one of the more striking expansion curves in recent crypto history. Five-minute markets only make sense if the settlement infrastructure can keep pace, and with that constraint removed, platforms can offer increasingly granular, high-frequency prediction products.
The risk, as always with infrastructure plays, is that the value accrual doesn’t necessarily flow to the oracle layer itself. Chainlink could enable billions in prediction market volume while the bulk of economic value gets captured by the platforms and traders using the rails. Whether LINK token holders benefit proportionally to the infrastructure’s importance remains one of the more nuanced questions in crypto valuation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Circle walked into arguably the most important room in global central banking and made a case that stablecoin redemption isn’t a feature. It’s a right.
At the Bank for International Settlements’ 2026 Annual General Meeting, during a Financial Stability Institute special session on stablecoins, Circle laid out its philosophical framework for USDC: issuing the token is a regulated privilege, but redeeming it at face value is a fundamental user entitlement. With USDC’s circulation sitting at approximately $75.3 billion and the token facilitating payments across more than 180 countries, the pitch carried some weight.
Privilege versus right, and why the framing matters Every USDC redemption request has historically been honored at exactly $1. That might sound obvious for something called a stablecoin, but the history of crypto is littered with supposedly stable assets that turned out to be anything but. TerraUSD’s collapse in 2022, which vaporized roughly $40 billion in value, remains the cautionary tale that haunts every stablecoin conversation.
Circle’s framework positions USDC as the anti-Terra. Full reserves, monthly attestations, and a commitment to regulatory compliance under frameworks like Europe’s Markets in Crypto-Assets (MiCA) regulation.
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Qualified institutional users access direct 1:1 minting and redemption through Circle Mint, subject to Know Your Customer protocols, established thresholds, and relevant fees. Everyone else transacts through secondary markets.
The BIS problem, and Circle’s answer The BIS has raised persistent concerns about stablecoins’ single-asset backing, their operational elasticity (or lack thereof), and the systemic risks they could pose to the broader financial system.
Circle’s presentation directly addressed several of these criticisms. The company emphasized that USDC reserves are invested in cash, Treasury bills, and regulated funds. Monthly reserve attestations provide a regular transparency checkpoint.
USDC operates across multiple blockchains. For institutional users moving large sums, the direct minting and redemption pathway through Circle Mint offers predictability. For retail users in emerging markets who might not pass institutional KYC thresholds, secondary market access still provides a gateway to dollar-denominated stability.
What this means for investors Circle’s BIS appearance comes at a pivotal moment for stablecoin regulation. The proposed GENIUS Act in the US would create a dedicated federal framework for payment stablecoins. In Europe, MiCA is already live, and Circle was among the first major issuers to secure compliance.
The $75.3 billion in circulation makes USDC the second-largest stablecoin by market cap, trailing only Tether’s USDT. Tether has faced years of questions about its reserve composition and transparency practices. Circle, by contrast, has leaned into the compliance narrative so aggressively that it’s now presenting at central banking summits.
Circle’s revenue has grown significantly alongside USDC’s circulation, but that growth depends partly on the interest earned on reserves, which fluctuates with monetary policy.
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.
SMIC surpassed Kweichow Moutai in market capitalization.
According to Bitget data, SMIC’s A-share price rose nearly 15%, pushing its total market capitalization to 1.49 trillion yuan. Kweichow Moutai is currently down 1.43%, with a total market cap of 1.48 trillion yuan. (Jinshi)
30 minutes ago
Bitcoin breaks through $63,000
According to HTX market data, Bitcoin has broken through the $63,000 mark, with a 0.74% rise in the past 24 hours.
30 minutes ago
US tech stocks are experiencing one of the most volatile periods in history, with the volatility ratio of the Nasdaq 100 to the S&P 500 hitting a 23-year high.
The Kobeissi Letter noted in a post that tech stocks are experiencing one of the most volatile periods in history. The ratio of the Nasdaq 100 Volatility Index (VXN) to the S&P 500 Volatility Index (VIX) has risen to 1.7, its highest level in 23 years. This marks the first time the ratio has topped 1.5 since 2018. By comparison, the metric peaked at around 1.6 during the 2008 financial crisis. Currently, VXN stands at 28 points, while VIX is at 16 points – the latter is 43% lower than the former. VXN has remained above the 20-point threshold for five consecutive months, the longest such stretch since the 2022 bear market. Markets are pricing in significant volatility risk for tech stocks.
30 minutes ago
A crypto whale closed a $100 million BTC short position, earning a profit of $5.28 million.
According to monitoring by Onchain Lens, a whale closed a $100 million Bitcoin (BTC) short position, earning a profit of $5.28 million. Wallet address 0xcf9 opened the short on June 2 at $68,859 and closed it one hour ago at $62,314, holding the position for 36 days.
30 minutes ago
Nvidia will collaborate with Hugging Face to develop open-source robotics models.
NVIDIA has announced a partnership with Hugging Face to co-develop open-source foundation models for robotics, combining its GPU ecosystem and CUDA technology, along with Hugging Face’s extensive model library and developer community, to significantly lower the barriers to AI training and deployment for robotics. (Jinshi)
30 minutes ago
A newly created wallet withdrew 500 BTC from Binance, worth $31.15 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 500 BTC from Binance, valued at $31.15 million.
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Analytik Mate Nemes z UBS přistoupil ke zvýšení cílové ceny pro akcie Komerční banky na 1300 Kč z původních 1280 Kč. Investiční doporučení bylo současně zachováno na stupni „buy“.
Akcie Komerční banky Akcie Komerční banky (BAAKOMB) dnes na pražské burze rostou o 0,05 % na 981,5 Kč, na RM-SYSTÉMu pak klesají o 0,20 % na 981 Kč.
Pražská burza na začátku obchodování posiluje, index PX přidává 0,40 %. Nejvýrazněji posilují akcie Photon Energy (+4,06 %), Erste Group (+1,51 %) a Primoco UAV (+1,05 %). Naopak největší pokles zaznamenávají cenné papíry CSG (-2,15 %), Kofola (-0,81 %) a ČEZ (-0,08 %). Dnes se koná valná hromada společnosti Bezvavlasy.
A banner for Rubrik Inc., the Microsoft backed cybersecurity software startup, is displayed to celebrate the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., April... Purchase Licensing Rights, opens new tab Read more
LONDON, July 9 (Reuters) - U.S. cybersecurity and data resilience and company Rubrik (RBRK.N), opens new tab said on Thursday it would invest more than $500 million over the next five years in Britain, one of its fastest growing markets, and establish its European headquarters in London.
"The UK is one of the world's leading technology markets, and has become increasingly important to Rubrik's long-term growth," said CEO and co-founder Bipul Sinha.
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"This investment strengthens our UK ecosystem, helping EMEA customers address the critical need for European data sovereignty, quickly recover from cyberattacks, and safely scale AI."
On Wednesday, New York-listed Rubrik said its Rubrik Security Cloud would be available on AWS European Sovereign Cloud, providing public sector and highly regulated private organisations with cloud-native sovereign cyber resilience.
Rubrik was established 12 years ago to solve the problem of keeping a business up and running when it was targeted by a cyber attack, Sinha said in an interview. It listed in 2024 and currently has a market value of $17.4 billion.
As its customers started to use AI agents to do tasks, such as writing code or customer service, it was a natural step to move into AI resilience, he said.
The company launched its "Rubrik Agent Cloud" in October and expanded it to Anthropic's Claude Code and Claude Cowork last month, able to observe, control and reverse unintended actions.
"We are seeing significant interest and traction in this space," he said.
"We not only are creating the real-time security guard rail for agents, we are also giving you agent rewind, so if the agent makes any mistake you can press the undo button, and that comes from our cyber recovery background."
($1 = 0.7457 pounds)
Reporting by Paul Sandle; editing by Sarah Young
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways Zcash reached $505 before retracing to approximately $466 following significant profit-taking activity near the psychological $500 level The forthcoming Ironwood network update, scheduled for late July, is designed to eliminate undetectable counterfeiting vulnerabilities within Zcash’s shielded transaction framework A major supply milestone has been reached with 80% of ZEC’s capped 21 million token supply now in circulation, intensifying scarcity narratives Technical analyst Ardi highlights that a decisive move above $480 compound resistance could propel ZEC toward the $500–$540 range Contrarian analyst Aladdin_LCA identifies a possible head-and-shoulders formation and cautions that long positions face heightened downside risk Zcash (ZEC) has experienced a notable correction from its recent peak near $505, settling around $466 as market participants secured gains near the critical $500 threshold. The preceding surge of approximately 28% was fueled by growing anticipation surrounding the network’s planned Ironwood protocol enhancement.
Zcash (ZEC) Price The retracement was amplified by cascading liquidations of overleveraged long positions that accumulated near the $500 mark, creating conditions for market makers to capitalize on forced selling. Nevertheless, ZEC has maintained a foothold above the crucial $440 support zone that technical traders continue to monitor closely.
On-chain analytics platform Santiment revealed a compelling social sentiment pattern. Approximately one month ago, $ZEC social media mentions surged to 1,116 on the precise day the token bottomed around $362, coinciding with revelations about the Orchard shielded-pool security flaw. Following that spike, social discussion has remained remarkably subdued, fluctuating between just 24 and 69 daily mentions — even as ZEC appreciated roughly 29% from those lows. Santiment observed: “The noise marked the bottom. The silence is marking the repair.”
A month ago, $ZEC social volume hit 1,116 mentions on the exact day it bottomed. It has stayed quiet ever since, through a recovery the crowd never came back for.
📊 That Jun 5 spike was the loudest day in a month. It marked the low, ~$362.
📉 The crash trigger was the disclosed… pic.twitter.com/YfxLvdWR6M
— Santiment Intelligence (@SantimentData) July 8, 2026
The Ironwood protocol upgrade, anticipated to deploy in late July, will implement cryptographic proofs that mathematically eliminate the possibility of undetectable token creation within Zcash’s privacy-preserving transaction pools. This enhancement follows the emergency patch deployed in June addressing the Orchard vulnerability.
Chart Analysis From a technical standpoint, ZEC is encountering a significant resistance cluster: the 0.786 Fibonacci retracement level converges with the upper Bollinger Band and a horizontal resistance barrier near $490. Chart analyst CryptDollar emphasized this confluence as the critical juncture on the daily timeframe.
Trader Ardi pinpointed compound resistance around $480 where a descending trendline intersects with horizontal price resistance. According to his analysis, a confirmed daily close above this threshold could unlock a pathway back toward $500 and potentially extend to $540.
The Chaikin Money Flow indicator currently registers 0.13, suggesting accumulation pressure continues to exceed distribution. The Aroon Up metric stands above 92%, while TradingView’s aggregated moving average signals flash a Strong Buy rating. Momentum oscillators, however, remain in neutral territory.
Opposing Viewpoint Remains Not all market participants share the optimistic outlook. Trader Aladdin_LCA has retained his bearish thesis, identifying a potential head-and-shoulders topping pattern alongside an anti-butterfly harmonic configuration on the daily timeframe. He indicated his stance would only shift bullish following either a convincing breakout above major resistance or a capitulatory reset to fresh lows.
CoinGlass liquidation heatmaps reveal concentrated short position liquidation levels between $480 and $500, suggesting potential fuel for a short squeeze scenario if buyers can reclaim that territory. Conversely, long liquidation density clusters near the $450 level.
Circulation Benchmark Zcash officially announced that 80% of its hard-capped 21 million ZEC token supply has been extracted through mining. The announcement also highlighted Shielded Labs’ Network Sustainability Mechanism initiative, designed to maintain blockchain security as mining rewards progressively diminish.
At press time, ZEC was trading in the $460 to $480 range, with the $490 resistance zone representing the pivotal level for determining the next significant price movement.
Silver price (XAG/USD) is up over 1% to near $59.00 during the European trading session on Thursday. The white metal gains as the US Dollar (USD) faces selling pressure despite multiple tailwinds.
At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.25% lower to near 100.80.
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.24%-0.28%-0.18%-0.10%-0.18%-0.58%-0.33%EUR0.24%-0.04%0.04%0.13%0.09%-0.31%-0.09%GBP0.28%0.04%0.07%0.17%0.12%-0.27%-0.04%JPY0.18%-0.04%-0.07%0.07%0.05%-0.38%-0.13%CAD0.10%-0.13%-0.17%-0.07%-0.04%-0.44%-0.21%AUD0.18%-0.09%-0.12%-0.05%0.04%-0.39%-0.17%NZD0.58%0.31%0.27%0.38%0.44%0.39%0.23%CHF0.33%0.09%0.04%0.13%0.21%0.17%-0.23% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Technically, a lower US Dollar makes the Silver price a favorable risk-reward bet for investors.
The US Dollar struggles to get support despite renewed high United States (US) inflation concerns amid the restart of the war in the Middle East.
Rising oil prices due to the exchange of attacks between the US and Iran, and strikes on Iranian infrastructure have refreshed global upside inflation risks.
In the FOMC minutes of the June policy meeting, released on Wednesday, the bottom line was that policymakers see inflation as dominant risk and favored monetary tightening moving ahead.
Going forward, the next major trigger for the US Dollar will be the US Consumer Price Index (CPI) data for June, which will be released on Tuesday.
Silver technical analysis
XAG/USD trades higher at around $59; however, it retains a bearish near-term bias as spot holds beneath the 20-day exponential moving average (EMA) at $62.38. The downside tilt is reinforced by the Relative Strength Index (14) hovering around 37, which stays below the neutral 50 line but above oversold territory, suggesting persistent selling pressure without capitulation.
On the topside, initial resistance is the round-level of $60.00, followed by the 20-day EMA at $62.38. Looking down, the Silver price could enter a fresh downside leg if it declines below the June 24 low at $55.63.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
The US Dollar is trading lower against the Swiss Franc (CHF) on Thursday, as investors ponder the consequences of reciprocal US and Iran attacks and a 10% rebound in Oil prices, on the major central banks' monetary policies. The USD/CHF pair has retreated to levels near 0.8050 after being rejected at 0.8100 on Wednesday.
The Swiss Franc is drawing some support from a mild US Dollar weakness, as the Dollar Index (DXY) dips below 101.00 to test weekly lows. Investors sold the Greenback across the board on Wednesday, following the release of the Federal Reserve’s minutes, unimpressed with the central bank’s commitment to bring inflationary pressures back to target.
Geopolitical tensions are also failing to support the safe-haven US Dollar on Thursday. A second round of reciprocal attacks between the US and Iran cast further doubt on a negotiated end of the war, and have boosted a nearly 10% increase in Oil prices. Investors, however, remain hopeful that Washington and Tehran will return to the negotiating table, which is keeping USD bulls subdued so far.
Technical Analysis: In a bearish correction from June's highs
The USD/CHF printed a lower high on Wednesday, at 0.8108, confirming that the corrective phase from late-June highs remains in play. Momentum indicators in four-hour charts show a weakening stance, with the Relative Strength Index (14) entering bearish territory at 46.1 and the Moving Average Convergence Divergence (MACD) slipping back towards the zero line, hinting at fading bullish momentum.
The pair is likely to find some support above the July 7 lows near 0.8045, although the key support level is at the 0.8000 psychological area, where the July 2 and 3 lows meet the 38.6% Fibonacci retracement of June's rally.
On the topside, initial resistance is located at July's peaks, in the 0.8110-0.8120 area. A confirmation above these levels would hint at the end of the corrective phase and expose the one-year high, at 0.8139, hit on June 24.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.17%-0.22%-0.16%-0.03%-0.11%-0.50%-0.24%EUR0.17%-0.05%0.00%0.14%0.08%-0.30%-0.06%GBP0.22%0.05%0.04%0.18%0.12%-0.26%-0.01%JPY0.16%0.00%-0.04%0.11%0.08%-0.33%-0.07%CAD0.03%-0.14%-0.18%-0.11%-0.05%-0.44%-0.19%AUD0.11%-0.08%-0.12%-0.08%0.05%-0.38%-0.15%NZD0.50%0.30%0.26%0.33%0.44%0.38%0.25%CHF0.24%0.06%0.00%0.07%0.19%0.15%-0.25% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Stavební výroba (y-y) (květen):
aktuální hodnota: 4,4 %
očekávání trhu: --
předchozí hodnota: 7,7 %
„Stavební produkce v květnu rostla už po devatenácté v řadě, meziročně se zvýšila o 4,4 %. Růst se odehrával v inženýrském i pozemním stavitelství,“ říká Petra Kačírková z oddělení statistiky stavebnictví a bytové výstavby ČSÚ. Produkce v pozemním stavitelství se zvýšila o 3,3 % a inženýrské stavitelství meziročně vzrostlo o 6,6 %. Meziměsíčně byla v květnu stavební produkce vyšší o 0,2 %.
Nagi Hamiyeh, president of Temasek Global Investments, said crypto investment is "still off the table" for the company as it strives to move past a substantial loss in crypto exchange FTX.
"We don't have directly any, any investment in crypto," Hamiyeh told CNBC's Sri Jegarajah on Wednesday, citing regulatory uncertainty in the sector. "I can't forecast what happens in the future, and the role that crypto is going to play in the main economy, depending on the different regulations that might happen."
For now, the company focuses on blockchain and its infrastructure, based on what the technology can do for the real economy.
Temasek's investment in the now-bankrupt FTX cryptocurrency exchange led to a writedown of $275 million in 2022, drawing much local criticism. Lawrence Wong, who was Singapore's deputy prime minister and finance minister then, called the loss "disappointing" and damaging for Singapore's reputation.
Here are the other key takeaways from the interview:
AI application over frontier modelsHamiyeh said he would bet on adoption of artificial intelligence and building commercial ecosystem around it, over pushing for frontier models, when asked what matters more for a long-term investor.
"Not every situation needs frontier models. It's all about the applications, and it's all about the companies that embrace AI and build a moat."
His longest-term wager is on the physical implementation of AI: automation, robotics and industrial process optimization. Temasek aims to lift AI exposure from 6% of its portfolio in the latest fiscal year ended March to 15% by 2031.
The AI investment cycle is still early and will run for decades, Hamiyeh added, even as valuations in parts of the sector have run ahead of fundamentals. Temasek invests across the full AI value chain, including energy infrastructure and data centers, where long-term contracts with highly rated counterparties keep risk "very, very minimal," he said.
European luxury, industrialsHamiyeh disclosed that Europe has drawn about 12 billion euros ($14 billion) of Temasek capital over the past two years, behind only the U.S.
Looking past the macro and political noise, he pointed to Europe's "right to win" in world-leading luxury, consumer brands, energy transition, and family-owned industrials in the continent, where Temasek comes in with long-term patient capital.
On the Middle East, he said the region's long-term transformation story remains intact, but the ramifications of the conflict have yet to fully play out.
"I still believe that the long-term view is there in terms of what the Middle East's role is going to be in the new bifurcated world ... however, we have to wait and see what are the ramifications of this conflict."
Practical approach on defense Pressed on whether defense contractors belong in a portfolio that emphasizes sustainability and ethical investing, Hamiyeh said Temasek takes a practical approach and won't completely rule the sector in or out.
The firm mainly looks at dual-use technologies that could be used in civilian settings, or in warfare. Biological and chemical weapons are categorically off-limits. Temasek's only exposure to the space is ST Engineering.
"We look at every investment on a stand-alone basis," said Hamiyeh, including corporate governance and their contribution to any real-world conflict.
Some breakups are forever. Four years after watching $275 million evaporate in the FTX implosion, Singapore’s state-owned investment giant Temasek Holdings has made its position on cryptocurrency crystal clear: not interested, not now, possibly not ever.
The firm, which manages a portfolio valued at roughly $521 billion as of mid-2026, has not made a single direct cryptocurrency investment since its FTX stake was written down to zero in November 2022. Instead, Temasek’s forward-looking strategy is laser-focused on artificial intelligence and infrastructure, two themes that notably do not include digital tokens.
The FTX wound that never healed To understand Temasek’s crypto aversion, you have to understand just how badly the FTX bet went. The firm invested $210 million for a roughly 1% stake in FTX International and another $65 million for about 1.5% of FTX US. That $275 million total was written down to exactly zero when Sam Bankman-Fried’s exchange imploded in spectacular fashion.
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Temasek’s defense at the time was telling. The firm clarified that it had “no direct exposure in cryptocurrencies” and characterized the FTX investment as a bet on exchange infrastructure, not on crypto itself. That distinction between “crypto infrastructure” and “crypto” has become the cornerstone of Temasek’s entire digital asset philosophy since then.
Indirect exposure, maximum caution Temasek maintains indirect exposure through holdings in blockchain and Web3 companies like Animoca Brands and Amber Group. But there’s a bright, unmistakable line between owning equity in companies that build on blockchain technology and owning the tokens themselves.
In July 2023, Temasek’s chief investment officer stated that the firm was “not looking to invest in crypto firms right now” and cited regulatory uncertainties as the primary reason. The firm’s strategy updates for 2025 and 2026 contain no mention of direct allocations to digital assets or tokens. The priorities are AI and infrastructure. Crypto didn’t make the cut.
What this means for the broader market Temasek’s CIO specifically cited regulatory uncertainty as the reason for staying away. Until governments around the world establish clear, consistent frameworks for digital assets, firms that manage public money are going to keep crypto in the “too hard” basket.
Bitcoin ETFs have attracted significant inflows, and several major financial institutions have launched digital asset products. But there’s a meaningful difference between a BlackRock ETF wrapper that gives retail investors crypto exposure and a sovereign wealth fund putting hundreds of millions directly into tokens. Temasek’s stance suggests that for the largest, most conservative pools of capital on the planet, crypto still hasn’t crossed the credibility threshold.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
