Ethereum traded at $1,927 on July 23, remaining below the key $2,000 level despite rebounding 27% from June’s low around $1,514. The asset reached an intraday high of $1,941, but repeated rejections near $1,955 have prevented any sustained move beyond the psychological threshold.
Inflation fears rise with energy costsRecent volatility in energy markets has exerted downward pressure on Ethereum’s price. Five consecutive sessions of rising crude oil prices followed attacks on Saudi Arabian oil infrastructure by Houthi militants, fueling concerns of supply disruptions in the Middle East. On the same day, West Texas Intermediate oil climbed above $90 per barrel, heightening global inflation risks.
Elevated energy prices have led market observers to expect tighter US monetary policy. Data from CME’s FedWatch tool indicated that the implied chance of a Federal Reserve rate hike in September climbed to 79%, up from 68%. Such an outlook generally weighs on risk assets, including cryptocurrencies.
ETF inflows provide support for EthereumDespite challenging macroeconomic signals, institutional capital continued to enter Ethereum. Analytics firm SoSoValue reported net inflows of $72.64 million into US spot Ethereum exchange-traded funds (ETFs) on July 22. BlackRock’s iShares Ethereum Trust, one of the world’s largest asset managers, contributed $53.47 million of this total.
Spot demand for Ethereum remains strong, and the key support area has held. Some analysts noted that if this persists, the next upward move could start soon, with $2,030 as an initial target and further resistance around $2,400.
Independent market observers also highlighted Ethereum’s resilience. Trader Daan Crypto Trades pointed out that ETH has recently outperformed Bitcoin, suggesting a potential rotation in ETH/BTC market dominance if the trend continues.
ETF ProductNet Inflows (July 22)BlackRock iShares Ethereum Trust$53.47 millionAll US Spot Ethereum ETFs$72.64 millionOn-chain signals and upcoming challengesData from research platform CryptoQuant showed that ETH is trading 17% below its realized price of about $2,300, a zone historically aligned with periods of undervaluation. However, only two out of five on-chain bottom indicators tracked by CryptoQuant have confirmed a market bottom so far.
BitMEX, a major derivatives exchange that has served more than 2 million users since 2014, announced it will cease operations on September 23. The closure adds uncertainty for traders relying on leverage and affects overall market liquidity.
Figures from Staking Rewards indicated that 34% of Ethereum’s circulating supply is now locked in staking contracts. Bitmine Immersion Technologies, directed by Tom Lee, accumulated 325,000 ETH over the past month and aims to control 5% of the total ETH supply.
For Ethereum to regain bullish momentum, chart analysts point to a necessary close above $1,955 on the 4-hour chart, which could target the $2,000–$2,030 area. A drop below $1,860 may disrupt the ongoing recovery pattern.
Mini dictionary: Realized price, a metric defining the average price at which each coin in the network was last moved, helps gauge whether market participants are predominantly in profit or loss at current levels.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The 'Big Short' Michael Burry warns to watch long-term US Treasuries, which are facing multiple pressures including surging AI-related debt and oil prices approaching $100.
"The Big Short" prototype Michael Burry posted that people should closely monitor the trend of long-term U.S. Treasuries. Multiple factors are exerting pressure on the U.S. Treasury market, including the rapid expansion of AI-related debt, rising inflation volatility, unstable basis trading conditions, and oil prices rebounding back to nearly $100. He stated that it remains uncertain how long private equity and private credit markets can sustain themselves.
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Smart money takes a triple long position on Micron, with the position valued at $25.2 million.
According to Lookonchain's monitoring, a crypto whale has just opened a 3x leveraged long position on 25,961 units of MU, valued at approximately $25.2 million. The whale had previously completed four MU long trades, all profitable, with a total profit of $2.28 million.
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According to Mlm monitoring, a HYPE whale staked 2.785 million HYPE tokens via 20 wallets over the past 11 hours, worth roughly $164 million. The whale had previously accumulated 2.94 million HYPE tokens between September and October last year, currently valued at approximately $172 million, and ranks among HYPE’s largest holders. The whale may be linked to a16z, though this association has not been confirmed.
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Intel's pre-market trading rose nearly 5% on the back of strong Q2 performance and Q3 guidance that exceeded expectations.
According to market data from BIT (bit.com), Intel (INTC) is up nearly 5% in pre-market trading, as its Q2 results were strong and Q3 guidance exceeded expectations.
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Jiang Zhuoer: The CLARITY Act has only a 10% to 20% chance of passing, with major disagreements on ethical provisions persisting between the two parties.
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The 'Big Short' Michael Burry warns to watch long-term US Treasuries, which are facing multiple pressures including surging AI-related debt and oil prices approaching $100.
"The Big Short" prototype Michael Burry posted that people should closely monitor the trend of long-term U.S. Treasuries. Multiple factors are exerting pressure on the U.S. Treasury market, including the rapid expansion of AI-related debt, rising inflation volatility, unstable basis trading conditions, and oil prices rebounding back to nearly $100. He stated that it remains uncertain how long private equity and private credit markets can sustain themselves.
10 minutes ago
Smart money takes a triple long position on Micron, with the position valued at $25.2 million.
According to Lookonchain's monitoring, a crypto whale has just opened a 3x leveraged long position on 25,961 units of MU, valued at approximately $25.2 million. The whale had previously completed four MU long trades, all profitable, with a total profit of $2.28 million.
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Semiconductor stocks were mixed in U.S. pre-market trading, with Intel rising nearly 5% while most storage and optical communication stocks declined.
According to BIT (bit.com) market data, ahead of Friday’s US pre-market trading, semiconductor stocks were mixed: Intel (INTC) rose 4.76%, Arm (ARM) gained 0.96%, and AMD (AMD) increased 0.41%; SK Hynix (SKHY) fell 2.93%, Micron Technology (MU) dropped 2.16%, Marvell Technology (MRVL) decreased 1.41%, and NVIDIA (NVDA) declined 0.72%. The storage sector saw broad declines: SK Hynix (SKHY) fell 2.93%, SanDisk (SNDK) dropped 2.19%, Micron Technology (MU) decreased 2.16%, Western Digital (WDC) declined 1.68%, and Seagate Technology (STX) fell 1.24%. Most optical communication concept stocks retreated: Nokia (NOK) dropped 2.15%, Astera Labs (ALAB) fell 1.99%, Credo (CRDO) decreased 1.86%, Ciena (CIEN) declined 1.14%, and Applied Optoelectronics (AAOI) fell 0.62%.
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Suspected a16z address has staked 2.785 million HYPE tokens, worth approximately $164 million.
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Intel's pre-market trading rose nearly 5% on the back of strong Q2 performance and Q3 guidance that exceeded expectations.
According to market data from BIT (bit.com), Intel (INTC) is up nearly 5% in pre-market trading, as its Q2 results were strong and Q3 guidance exceeded expectations.
10 minutes ago
Jiang Zhuoer: The CLARITY Act has only a 10% to 20% chance of passing, with major disagreements on ethical provisions persisting between the two parties.
Jiang Zhuoer, founder of BTC.TOP, stated in a post that the Clarity Act has only a 10% to 20% chance of passing, with major disagreements persisting solely on its ethics provisions. The proposal agreed by Trump only restricts the president and their spouse from engaging in crypto asset issuance, while Democrats demand including other family members and family entities in the restrictions. The two sides also failed to reach an agreement on law enforcement authority: Trump supports the U.S. Department of Justice (DOJ) being responsible for prosecuting violations, but Democrats argue the Attorney General is appointed by the president and demand granting state attorneys general the right to prosecute as well. Jiang believes that fully accepting the Democrats’ proposed restrictions would leave Trump with little incentive to sign the bill. Apart from the ethics provisions, multiple disagreements also exist in other parts of the legislation. The U.S. Congress will adjourn on August 7, with only around 10 working days remaining, leaving the procedural timeline extremely tight and making it difficult to bridge major divides before adjournment. He added that Congress’s session from September 14 to October 5 falls near the midterm elections, and lawmakers must also handle budget and appropriations agendas, with even a potential government shutdown risk. Democrats also lack the political incentive to push the bill through before the elections.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Although Ethereum holders have gone through one of the worst times in the asset's history, the most recent on-chain data indicates that this protracted suffering might eventually serve as the basis for the upcoming bullish phase.
Ethereum's capitulation isn't criticalSwissblock's Supply in Profit/Loss model indicates that Ethereum has been in "capitulation" for almost six months running. The bulk of the ETH supply has been underwater since late January, which means that more coins were held at a loss than at a profit.
ETH/USDT Chart by TradingViewSellers swiftly regained control and forced another wave of unrealized losses across the network, even though the April–May recovery momentarily moved a sizable portion of supply back toward breakeven. The current figures continue to show high levels of stress. There are still about 45.7 million ETH in losses as opposed to just 31.6 million in gains.
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The market is only starting to recover from months of pressure, as evidenced by the average breakeven price rising back toward $1,880. Ironically, long-lasting market bottoms are frequently caused by these circumstances. Ethereum's price has made a remarkable comeback from its capitulation low in June, which was close to $1,500, according to the daily chart. After recovering the 26-day and 50-day moving averages, ETH is currently trading at about $1,890.
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These indicators of the shorter-term trend have become support, indicating that buyers have taken back control of the intermediate trend. The next challenge is right above. Around $1,935, Ethereum is testing the declining 100-day EMA, which has rejected multiple attempts to move higher. The recovery would be greatly strengthened by a decisive close above that level, which might also draw attention to the psychologically significant $2,000 level.
Momentum saves ETHDespite recent consolidation, momentum is still positive. The RSI is between 58 and 60, which shows strong buying pressure without going into overbought territory. This allows bulls to keep rising if general market conditions stay favorable. The current arrangement is especially intriguing because of the discrepancy between positioning and sentiment. Long stretches of time during which the majority of holders stay underwater have historically correlated with accumulation rather than distribution.
Longer-term investors absorb supply at reduced prices while weak hands gradually withdraw. It seems like that process is starting up again. The network is gradually recovering from the worst of the strain, despite the fact that Ethereum owners have gone through one of the longest capitulation phases in history.
Although the market seldom rewards investors when conditions are comfortable, the pain has not entirely subsided. The months of capitulation that deterred investors could instead serve as the starting point for the next significant increase if Ethereum manages to break through the $1,935 resistance level and more supply returns to profit.
Ethereum is showing signs of recovery after enduring nearly six months of intense selling pressure, according to recent on-chain data. Despite significant losses for many holders, the current market situation could potentially set the stage for a new bullish phase.
Six months of capitulationSwissblock, a blockchain analytics provider, reported that Ethereum’s supply in loss has dominated since late January, with the majority of tokens held at a loss rather than at a profit. The “Supply in Profit/Loss” model shows that this drawn-out period of capitulation has resulted in about 45.7 million ETH being underwater compared to 31.6 million ETH held at a gain.
A brief recovery between April and May did shift some of the supply back toward breakeven, but sellers quickly took control again, sparking another wave of unrealized losses across the network. Analysts note that the extended pressure is reflected in the average breakeven price, which has increased to $1,880. Market observers point out that such periods, where most investors are at a loss, often precede major market bottoms.
During the recent recovery, Ethereum’s average breakeven price rose to $1,880, marking a key shift after months of losses and indicating growing buyer support at these levels.
Mini dictionary: Swissblock is an analytics firm specializing in providing blockchain and cryptocurrency market data, including on-chain indicators and supply analytics for major assets like Ethereum and Bitcoin.
Technical resistance levels in focusEthereum’s price staged a strong comeback from its June low, rebounding from near $1,500 and reclaiming both the 26-day and 50-day moving averages. As of the latest data, ETH is trading close to $1,890, supported by these shorter-term trend indicators. This suggests that buyers have regained some control over the market’s intermediate trend.
However, Ethereum faces a significant technical barrier near $1,935, where the declining 100-day exponential moving average (EMA) has blocked several prior rally attempts. A decisive close above this level could not only reinforce the bullish trend but also refocus market attention on the psychological $2,000 mark.
Moving AverageStatusPrice Level26-day MASupport$1,89050-day MASupport$1,890100-day EMAResistance$1,935Investor sentiment and accumulationPositive momentum remains despite recent price consolidation. The relative strength index (RSI) currently ranges between 58 and 60, signaling steady buying demand without entering overbought conditions. Market watchers suggest that this leaves room for continued gains if broader conditions remain supportive.
Historically, extended periods in which most Ethereum holders are at a loss tend to lead to increased accumulation, as longer-term investors acquire more ETH at reduced prices. Meanwhile, short-term or weaker holders often exit the market. Data indicates this accumulation phase may be resuming as the network recovers from its prolonged slump.
Long-term investors appear to be absorbing available supply, while those unable to withstand recent losses are leaving the market.
If Ethereum successfully breaks above the $1,935 resistance and more of the circulating supply returns to profit, the prolonged period of capitulation could ultimately mark the onset of a significant upward move. However, the process is ongoing, and the full effects of the prior downturn have yet to fully dissipate.
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.
Leading cryptocurrencies dived alongside stocks on Thursday as elevated Middle East tensions trimmed investors’ risk appetite.
Crypto Market in RedBitcoin fell back to the mid-$64,000s, while Ethereum dropped to around $1,800, reversing earlier weekly gains. XRP and Dogecoin also broke to the downside.
Over $250 million was liquidated from the cryptocurrency market in the last 24 hours, with $188 million in bullish long positions alone wiped out, according to Coinglass data.
Bitcoin’s open interest fell 2.85% over the last 24 hours. A falling open interest with falling prices typically indicates that traders are exiting their long positions rather than new sellers taking over.
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The global cryptocurrency market capitalization stood at $2.25 trillion, following a dip of 0.59% over the last 24 hours.
Stocks Edge LowerStocks extended the decline on Thursday. The Dow Jones Industrial Average fell 506.93 points, or 0.97%, to end at 51,711.65. The S&P 500 slid 1.21% to 7,408.30, while the tech-heavy Nasdaq Composite lost 2.15% to close at 25,137.69
U.S. strikes on Iran entered their 13th consecutive day, while Yemen’s Iran-backed Houthi militia announced a maritime embargo on Saudi Arabia, raising fresh worries about oil exports transiting the Red Sea, another key oil shipping route
Time to Accumulate?Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that Bitcoin’s Sharpe ratio—which measures the reward per unit of risk—has dived into the negative territory, creating an “asymmetric” entry point for long-term investors.
“Past instances where the ratio compressed to these levels, such as during the 2015, 2019, and 2022 bear market bottoms, marked final capitulation phases,” the analyst added.
Michaël van de Poppe, another prominent cryptocurrency influencer, said that Ethereum’s $2,500 target remains intact, while admitting that the latest correction “isn’t great for the markets.”
Photo Courtesy: Marc Bruxelle on Shutterstock.com
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Bitcoin maintained stability near $65,400 during Friday’s Asian trading, even as U.S. technology companies faced their steepest collective loss in months. Despite a sharp sell-off in the stock market, the largest cryptocurrency moved less than 1% lower, signaling a rare moment of divergence from the equity rout.
U.S. tech stocks see dramatic lossesThe Magnificent Seven, referring to the group of leading U.S. megacap technology stocks that have driven much of Wall Street’s performance since 2022, lost approximately $797 billion in market value on Thursday. This plunge, reported by Bloomberg, marked their worst single-day loss since April 2025. The S&P 500 fell 1.2%, while the Nasdaq 100 declined by 1.9%. The tech group now sits 11% below its peak from late May, erasing nearly $2 trillion in value.
The Magnificent Seven dropped 4.8% on Thursday, their most severe session since the tariff-driven selloff of April 2025, highlighting the market’s heightened sensitivity to aggressive spending in AI infrastructure.
AI spending triggers market fearsA major driver behind the tech-sector selloff has been concern over capital expenditures on artificial intelligence. Alphabet, the parent company of Google, raised its annual spending target to as much as $205 billion. Meanwhile, Elon Musk, chief executive of Tesla, described 2026 as “a massive capex year” after the company posted profits well below analysts’ expectations.
Investors have grown uneasy with the rapid pace at which technology companies are investing in AI infrastructure, fearing that profit growth may not keep up with such high outlays. This anxiety had been closely linked to performance in both technology stocks and Bitcoin over the past month: the cryptocurrency has tended to rise alongside chip stocks and fall when those shares weaken, moving as a proxy for the broader AI investment cycle.
Mini dictionary: The Magnificent Seven, a term widely used in financial media, refers to the group of the largest and most influential U.S. technology companies, typically including Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms (formerly Facebook).
Cryptocurrencies remain steady amid equity sell-offWhile the equities market experienced sharp losses, Bitcoin limited its decline to less than 1% for the day, staying within the $65,000 range, and was up 3% across the week. Ether retreated 3% to $1,879. Other leading cryptocurrencies also recorded losses, but their moves were notably small compared with the tech sector’s decline.
Dogecoin registered the steepest drop among the major cryptocurrencies, down 5% to $0.069 for the day and 4% over the week. XRP slipped 2% to $1.11, Solana lost 3% to $76, and Hyperliquid‘s HYPE token dropped to $58, falling 4% across seven days. Despite red numbers, the cryptocurrency market’s losses were mild relative to the technology sector.
AssetDaily ChangeWeekly ChangeCurrent PriceBitcoin-1%+3%$65,400Ether-3%—$1,879Dogecoin-5%-4%$0.069XRP-2%—$1.11Solana-3%—$76HYPE—-4%$58Potential decoupling from AI tradeThe synchronized movement between cryptocurrency prices and technology equities has been one of the defining market features in recent months. Bitcoin, in particular, often responded to swings in semiconductor and AI-related stocks. Some analysts cautioned that the trend might be changing after Bitcoin showed notable independence during the most recent rout in U.S. tech shares.
Whether this signals a longer-term decoupling between Bitcoin and the AI-driven tech cycle remains uncertain, but the divergence seen in the latest session is an important indicator for market watchers.
Bitcoin miners have increasingly diversified into operating AI data centers. Should major technology companies begin to scale back AI spending, the effects would eventually be felt in the cryptocurrency mining sector, though the lag may be longer than during market rallies.
Recent crypto market developmentsMarket composition has shifted since June, with Binance, the world’s largest crypto exchange by trading volume, retaining around 55% of user funds and 24% of spot market activity. The exchange drew net inflows in early July, contrary to outflows seen elsewhere.
Among other recent developments: the Clarity Act, addressing crypto regulation, may miss legislative approval before Congress’ summer break; Robinhood CEO Vlad Tenev’s X account was compromised in a token promotion scheme; and BlackRock, Coinbase, and Strategy formed a group pledging $15 million for Bitcoin’s quantum security efforts.
Crypto markets have paused for breath, with industry observers watching for signs of further divergence from traditional tech stock trajectories as July progresses.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin (DOGE) price trades in the red below $0.0700 on Friday, following a 5% drop the previous day. DOGE loses retail strength as broader market speculative demand eases with elevated tensions between the US and Iran. The technical outlook for DOGE points to deeper losses below $0.065.
Dogecoin takes the fall as broader market risk appetite wanesDogecoin, the largest meme coin with a valuation of over $11 billion, shows strong correlation with broader market sentiment, with speculative demand as the key bullish catalyst. The ongoing US-Iran war and President Donald Trump’s threat of a “major military punishment” for Iran have elevated fear in the crypto market. CoinMarketCap’s Fear and Greed Index stands at 37 on Friday, down from 40 on Wednesday, reflecting sentiments returning to bearish levels.
Fear and Greed Index. Source: CoinMarketCapCoinGlass data shows the DOGE futures Open Interest (OI) edges lower to $1.10 billion, reflecting a mild contraction in the notional value of existing perpetual contracts. However, the 76% increase in trading volume to $1.38 billion reflects rising retail activity.
The funding rate of -0.0016% reflects a bearish bias in the retail activity, as traders are willing to buy short positions at a premium. In addition, long liquidation of $8.19 million over the last 24 hours outpaced short liquidation of $552,490, reaffirming the sell-side dominance.
DOGE derivatives data. Source: CoinGlassWill Dogecoin extend its decline below $0.0700?Dogecoin hovers below $0.0700 at press time on Friday after a 5% decline the previous day broke below the $0.0700 threshold. The meme coin maintains a bearish near-term bias, with price holding below both the 50-day Exponential Moving Average (EMA) at $0.0788 and the 200-day EMA at $0.1032.
The pair remains vulnerable to more downside after a sustained decline, with the Relative Strength Index (RSI) hovering at 31, on the verge of signaling oversold conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) tests the signal line, hinting at renewed bearish momentum.
On the downside, the next meaningful support comes in at $0.0641, where buyers would be expected to defend the recent range; a daily close below this floor would likely open the door to a deeper slide despite the nascent improvement in momentum indicators.
DOGE/USDT daily price chart.On the topside, immediate resistance appears at the horizontal barrier of $0.0700, followed by $0.0777, near the 50-day EMA at $0.0788, which together define a broader supply zone.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Dogecoin Price fell to $0.0690 after losing 4.75% during the latest 24-hour trading period. The fall was due to more general market deleveraging and the U.S.-Iran war crisis. The total crypto market value declined by 0.96% to reach $2.22 trillion as liquidations compounded the broader macro-sell off.
Bitcoin price hovered near mid $65,000 and Ethereum price fall to the 1,880 level after undoing previous weekly gains. XRP and Dogecoin also faltered, with the investors lessening their exposure to riskier digital assets. DOGE is currently in testing of support levels last observed in late 2024.
The token also remains close to its lowest trading range of 2025. Traders are monitoring whether new spot ETF inflows can help in promoting a rebound. Nevertheless, poor sentiment, mixed expectations of the Federal Reserve, and poor technical conditions are still constraining the short-term recovery. Long-term purchasing is required before the momentum can be determined.
Dogecoin ETFs Record First Inflows Since June 17 as DOGE Funds Recover Spot Dogecoin ETFs reported net inflows of $345,130 on July 21, the first day of inflows since June 17.
The inflow followed more than one month of flat activity and one outflow session on July 2. However, SoSoValue data showed daily net inflows returned to zero by July 23.
Source: SoSoValue data The cumulative net inflows were 12.12 million and the cumulative net assets were 9.88 million. The assets constituted approximately 0.09% of the market capitalization of Dogecoin.
This was a cumulative trading worth of 265,040 in the last reported session. The GDOG of Grayscale was the leader with cumulative inflows of $11.30 million and assets of $6.78 million.
TDOG managed by 21Shares was introduced to inflows and asset respectively with 2.19 million and 2.65 million. BWOW of Bitwise noted a cumulative outflow of 1.38 million and assets of some 453,880. The three funds all closed negative and had a daily loss of between 4.61% and 4.92%.
Dogecoin Price Falls Below $0.070—Is a Rebound Coming Next? At the time of writing, the DOGE price traded at $0.0693 after losing 1% on the four-hour chart. Dogecoin price slipped below the $0.07 support after heavy selling volume pushed prices toward the lower range.
Short-term support is now right around 0.0680, with buyers possibly making another attempt at recovery. The RSI dropped to 34.51 and has weak momentum, and it is tending towards an oversold state. However, the CMF remains positive at $0.08, suggesting some capital continues entering the market.
Source: Tradingview DOGE price must reclaim $0.070 to improve its short-term outlook and challenge resistance at $0.0720.
A confirmed move above $0.0720 could open targets near $0.0740 and $0.0760 as per the Future Dogecoin outlook. Loss of $0.0680 would undermine the framework and put DOGE at risk of falling to $0.0660.
Amid a broader crypto pullback, Dogecoin’s downward momentum strengthened significantly. The memecoin breached the $0.07 support and dropped to $0.068.
Dogecoin last touched these levels in November 2023. At press time, Dogecoin [DOGE] traded around $0.069 after falling 4.3% on the daily chart.
Over the same period, the memecoin’s Trading Volume climbed 57% to $866 million, reflecting increased market activity.
Source: CoinGlass The decline also triggered increased liquidations across Dogecoin’s leveraged positions.
According to CoinGlass, $8.20 million worth of long positions were liquidated over 24 hours. Short liquidations reached only $552,490, showing that the decline disproportionately affected bullish traders.
Why are Dogecoin traders exiting? As Dogecoin plummeted, rising liquidation risk prompted leveraged traders to reduce their exposure.
According to Coinalyze, Dogecoin’s Sell Perps Volume climbed to 493.04 million. Meanwhile, Buy Perps Volume stood at 426.535 million.
Source: Coinalyze As a result, the Buy-Sell Delta fell to -66.505 million. Net Buying also remained negative at -1.385 billion.
Both readings showed that selling activity outweighed buying across Dogecoin’s perpetual market. The Futures market recorded similar capital outflows.
Futures Outflows climbed to $520.41 million, while Futures Inflows stood at $425.94 million. Consequently, Futures Netflow declined 361.34% to -$94.46 million.
Source: CoinGlass This indicated that considerably more capital exited Dogecoin futures than entered during the measured period. These conditions intensified DOGE’s downward pressure and left traders watching whether $0.07 could be recovered.
Can DOGE avoid further losses? Amid heavy position reductions, Dogecoin’s downward pressure intensified.
The Relative Strength Index [RSI] reflected this weakness. The RSI fell to 31.34, placing DOGE close to oversold territory.
Source: TradingView This reflected intense bearish momentum, although the near-oversold reading could eventually attract dip buyers.
Therefore, if the current pressure persists, DOGE could remain below $0.07 and fall towards $0.065. However, Spot Netflow offered some relief from the derivatives’ weakness.
Source: CoinGlass Spot Netflow remained negative as Dogecoin declined on the 23rd and 24th of July. It stood at -$1.87 million at press time, showing that exchange outflows exceeded inflows.
Those withdrawals suggested reduced immediate selling availability and offered DOGE some support.
If demand holds, Dogecoin could reclaim $0.07 and target $0.075. Continued derivatives weakness may expose $0.065.
Final Summary Dogecoin [DOGE] dropped below the $0.07 support level and declined to 2023 lows of $0.068. Amid rising liquidation risk, traders panicked and exited their positions, further strengthening the downward momentum.
Cardano (ADA) is trading near a critical support zone as the community spotlights the network’s reliability ahead of its ninth anniversary. The cryptocurrency changed hands at $0.1694 on Wednesday, reflecting a 2.92% loss over the previous 24 hours.
Price action stalls near key EMA levelsCardano’s price has found some stability within the $0.167 to $0.170 range, with buyers stepping in throughout July to prevent deeper declines. Despite the support, ADA remains under its 20, 50, 100, and 200-day exponential moving averages (EMAs), signaling continued pressure from sellers and an overall bearish trend in the near term.
The Relative Strength Index (RSI) stands at 50.73. This neutral reading comes after the indicator recovered from earlier oversold levels, indicating neither bullish nor bearish dominance at present. Cardano needs a close above the 50-day EMA, currently at $0.177, to indicate a potential shift to upward momentum. Conversely, a breakdown below $0.167 could accelerate further declines as sellers assert control.
IndicatorCurrent LevelBullish SignalBearish SignalPrice$0.1694Above $0.177Below $0.167RSI50.73Rises above 55-60Falls below 45Support zone$0.167–$0.170HoldsBreakdownOperating continuously for over eight years, Cardano has never experienced downtime, according to Cardanians (CRDN), a leading voice in the Cardano community. As the blockchain approaches its ninth year, CRDN emphasized the network’s long-standing stability and resilience, noting, “Reliability isn’t the most exciting metric, but it’s one of the most important. Reliability and security always come first.”
Reliability isn’t the most exciting metric, but it’s one of the most important. Strong foundations matter. Reliability and security always come first.
This uninterrupted uptime has reinforced trust among developers, institutional participants, and investors who place a premium on robust infrastructure. While the reliability milestone may not spark an immediate price rally for ADA, it serves to strengthen Cardano’s reputation for long-term operational stability within the competitive blockchain sector.
Mini dictionary: Cardanians (CRDN), an independent Cardano-focused community group known for sharing network developments and analytical insights about Cardano’s ecosystem.
Stable open interest and network activity signal cautious optimismMarket data from CoinGlass shows that open interest on Cardano has held steady in July, indicating traders are not significantly increasing leveraged bets but are instead maintaining existing positions. Meanwhile, DeFiLlama reports a recent uptick in active addresses, reflecting consistent network usage even as the token trades sideways.
If buyers can reclaim the $0.177 resistance area, short-term bullish sentiment could return and potentially push ADA higher. Until such a development materializes, analysts expect the price to remain stuck in its current range as participants await a technical breakout or major catalyst.
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.
Cardano (ADA) extends its decline, trading below $0.168 on Friday after facing rejection at the 50-day Exponential Moving Average (EMA) earlier this week. Mixed derivatives metrics indicate traders' indecision, while neutral momentum indicators suggest ADA lacks a catalyst for a sustained move in either direction.
Mixed positioning clouds ADA outlookDerivatives data for Cardano show mixed sentiments among traders. CoinGlass’ long-to-short ratio for ADA read 1.07 on Friday. The ratio being above one, indicates bullish sentiment, as traders are betting the asset's price will rise.
Cardano long-to-short ratio chart. Source: CoinglassMeanwhile, the funding rates show a bearish bias. ADA funding rates flipped negative on Thursday, reading -0.014 on Friday, indicating that shorts are paying longs and signaling a negative outlook.
Cardano funding rate chart. Source: CoinglassSantiment chart below shows that Cardano’s whales holding between 1 to 10 million (yellow line) and 10 to 100 million (blue line) ADA tokens have added 120 million ADA tokens since Monday, while wallets holding 100,000 to 1 million ADA remained largely inactive. This modest accumulation by larger holders suggests underlying buying interest but is not yet strong enough to confirm a bullish shift in sentiment.
Cardano supply distribution chart. Source: SantimentCardano Price Forecast: Bears defend the 50-day EMACardano trades at $0.167 on Friday, holding in a bearish configuration as price remains below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $0.176, $0.202 and $0.267 respectively.
The Relative Strength Index (RSI) around 48 is neutral, hinting at a lack of strong directional momentum. At the same time, the Moving Average Convergence Divergence (MACD) line stays modestly positive, suggesting only mild recovery attempts within a broader capped structure defined by the reclaimed long-term downtrend line, whose break level now acts as resistance at $0.197.
On the topside, immediate resistance appears at the 23.6% Fibonacci retracement at $0.173, closely followed by the 50-day EMA at $0.176; a sustained break above these would open the way toward the 38.2% Fibonacci retracement at $0.195, and the former trendline break around $0.197.
On the downside, initial support is seen at the horizontal level of $0.150 ahead of the Fibonacci anchor near $0.138, where failure to hold would expose fresh lower lows in the broader bearish cycle.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Charles Hoskinson, the founder of Cardano, believes the network methodical development strategy (criticized by many for taking ages) is beginning to gain recognition as the industry battles ongoing attacks and exploits.
In a recent interview, Hoskinson compared Cardano’s development trajectory to Anthropic’s path in the evolution of the artificial intelligence industry. He outlined that the firm is currently the leader of the pack despite entering the market later than existing powerhouses like Google and OpenAI.
Instead of chasing speed, he said that Anthropic is successful because it adopted a disciplined philosophy regarding its development practices from the get-go. He believes Cardano is now experiencing a very similar shift in perception. This comes as developers and investors are increasingly prioritizing security and governance over “speed to market.”
“Google initially had the big lead and then OpenAI had the big lead and then somehow this Anthropic thing came out and they were able to leapfrog everybody. […] They hadn’t fundamentally changed, they just had the right mindset,” Hoskinson said in the interview with CoinDesk.
He also added that the same principle could eventually benefit Cardano:
“People are starting to wake up, especially in the age of AI hacking, where everything is getting broken, where speed to market is not the most desirable way.”
.@IOHK_Charles compares Cardano’s strategy to Anthropic’s rise.
Google had the lead. Then OpenAI. Then Anthropic leapfrogged both, not by moving faster, but by building differently.
Hoskinson says the same lesson could apply to crypto in the latest episode of Markets Outlook… pic.twitter.com/h36GiShZYV
— CoinDesk (@CoinDesk) July 23, 2026
You may also like: Cardano’s NIGHT Hits All-Time Low After 290M Token Dump Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit Charles Hoskinson Reveals What Happened to 1,096 BTC From Cardano’s Early Days Security Incidents Strengthen Cardano’s Case Hoskinson specifically referenced the most recent Kelp DAO exploit and the knock-on effects it had on Aave as examples of the risks, which are associated with prioritizing innovation over resilience.
In April, Kelp DAO suffered a massive exploit where $292 million was drained after attackers were able to forge cross-chain messages and withdraw unbacked rsETH through a misconfigured LayerZero bridge.
While Aave’s smart contracts were in no way compromised, the attacker deposited the fraudulent rsETH as collateral to borrow real assets. This essentially left the lending protocol with significant exposure to bad debt and triggered billions of dollars in TVL outflows before the team implemented recovery measures.
For Hoskinson, this particular episode demonstrated how vulnerabilities in one protocol can rapidly spread through the broader DeFi ecosystem and cause massive outflows and reputational damage:
“The recent AAVE thing and Kelp thing shows you how quickly you can lose your TVL (total value locked) and how uqickly you can lose your customer base. So, it works until it doesnt, and when it doesn’t, it’s catastrophic for the ecosystem.”
He argued that for stability to be lasting, this requires more than technically sound code:
“People want stability and it only comes from having a clear governance system, a clear software development system, and really goo dideas on how to develop a roadmap in a sustainable way.”
ADA’s Longstanding Underperformance Hoskinson’s comments also come after a long time of built-up criticism from parts of the crypto community about how Cardano has prioritized academic research (arguably one of the protocol’s standout differentiators) at the expense of ecosystem growth.
Cardano remains one of the largest protocols by market capitalization. At the time of this writing, it’s at $6.2 billion, ranking as the 20th largest project in the industry – but that’s a far cry from where it used to stand, let alone from where proponents were hoping it would be. ADA is one of the worst performers of the past year, down 80% in the past 365 days. Ethereum, the smart contract platform Hoskinson often compares Cardano to, including in this interview, is down 48% in contrast. Bitcoin, the industry’s benchmark, is down 44%.
Source: CoinGecko Hoskinson acknowledged that their decision-making hasn’t been flawless.
“It took us a long time to get here. A lot of mistakes were made, and I own the lion’s share of them as the leader.”
Nevertheless, he expressed confidence that the network is now positioned much better than in previous market cycles.
“Ultimately, I’m very happy with where wi sit, and I think we will grow very strongly over the next 12 to 24 months.”
Of course, it remains to be seen whether that prediction will come to fruition, but his broader argument also reflects an ongoing debate across industry proponents about whether the next phase of crypto adoption will come from protocols that come strong and move fast or those that prioritize security, governance, and long-term sustainability. Or perhaps both are not mutually exclusive?
Bitcoin hovered near the $65,000 mark on Friday as escalating Middle East tensions weighed on sentiment in the cryptocurrency market, while Ethereum also traded lower.
Bitcoin was trading at $65,345, while Ethereum was at $1,877.
Over the past 24 hours, Bitcoin declined 0.43% and Ethereum fell 2.23%. Among major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano dropped by as much as 4.09%, while Tron edged up 0.05%.
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Nischal Shetty, founder of WazirX, said that Bitcoin remained under pressure as geopolitical tensions in the Middle East dampened investor sentiment, prompting a shift toward safer assets. Ethereum also weakened, with traders closely monitoring institutional positioning and broader market uncertainty.
“Bitcoin's daily technical indicators remain neutral, with immediate support around $64,200–$64,500, while Futures traders are watching whether BTC can sustain a move back toward $66,000. For Ethereum traders, $1,840–$1,860 remains the key support zone, while $1,900 is the next major resistance,” Shetty further said.
The global crypto market capitalisation went down 0.7% to $2.22 trillion, according to CoinMarketCap.
Akshat Siddhant, Lead quant analyst, Mudrex said fresh attacks in the Middle East have pushed crude oil above $90 a barrel, while driving US bond yields to their highest levels in 18 months, weighing on risk assets.
Despite the weakness in price, US spot Bitcoin ETFs extended their inflow streak to seven consecutive sessions, attracting nearly $1 billion in total, Siddhant further said.
In the past week, Bitcoin and Ethereum were up 2.98% and 1.58% respectively. Among the major altcoins, BNB, Hyperliquid, and Dogecoin corrected upto 4.17% whereas XRP, Solana, Tron, and Cardano gained upto 4.47%.
Crypto markets are also facing pressure from tighter financial conditions. Bitcoin remains relatively stronger than Ethereum and major altcoins, with its four-hour structure constructive above $65,000, said Riya Sehgal, Research Analyst, Delta Exchange.
Here is what other analyst say
Vikram Subburaj, CEO, Giottus: Institutional demand has improved materially. US spot Bitcoin ETFs recorded approximately $999.3 million in inflows across seven consecutive positive sessions from July 14 to July 22. These inflows more than offset the $424.7 million outflow recorded on July 13. July 23 showed a preliminary $22.6 million outflow, although BlackRock’s IBIT figure remained unavailable.
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Avinash Shekhar, Co-Founder & CEO, Pi42: The latest correction across the crypto market reflects how quickly global geopolitical developments can influence investor sentiment across asset classes. Bitcoin’s pullback towards the mid $64,000 range, alongside weakness in Ethereum and other leading digital assets, comes amid heightened uncertainty following the escalation in the Iran conflict and a broader shift away from high-growth assets.
CoinSwitch Markets Desk: The July recovery could lose momentum if BTC fails to reclaim $65K, with the 21-day moving average near $64K acting as key support and $68K as the next major resistance. Investors may prefer disciplined positioning, limited leverage and gradual accumulation near support rather than chasing short-term rebounds.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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.
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) Ethereum moved higher by 3% this week as buyers gained control of the price action since late June. This relief rally started once the support at $1,500 was tested and held.
At the time of this post, ETH is facing some resistance as the price approaches the key psychological level at $2,000. It is likely to bring back sellers and could send the price into a pullback.
Looking ahead, the cryptocurrency remains in a macro downtrend. While this rally is a positive change, sustaining it beyond $2,000 seems a big ask right now. Only if $2,000 turns into support does ETH have a good shot at breaking the prevailing downtrend.
Source: TradingView Ripple (XRP) XRP also managed to book a 3% gain this week as buyers have kept the price well above the key support at $1. The current resistance is at $1.2, and until it is broken, it is unlikely this cryptocurrency can make sustained gains.
With volume declining steadily month-over-month, XRP currently lacks the momentum for a major breakout. Market participants seem to have retreated since the drop in February and have not returned to date.
Looking ahead, the current consolidation above $1 is a positive development. However, it can equally be a pause taken by sellers before they attempt another go at the key support.
Source: TradingView Cardano (ADA) ADA had a positive week, closing 6% higher. This comes after the price made a head and shoulders reversal pattern with the key support around $0.15. As long as that level holds, buyers have the advantage.
Nevertheless, Cardano still has to make clear higher lows and higher highs before we can be confident in a reversal and end to the current macro downtrend. For that to happen, the price will have to move beyond $0.25.
Looking ahead, the weekly momentum indicators such as the MACD are giving a bullish bias. This is a promising sign that sellers could be exhausted here, which may allow buyers to take back control for a longer period.
Source: TradingView Binance Coin (BNB) Binance Coin looks weak throughout the past seven days and made no gains. The price still needs to break the resistance at $580, which has kept buyers in check over the past month. Without a clear breakout, BNB is forced to move sideways or even seek lower levels to find buyers.
The price also saw decreased volatility and volume. This could also be related to the recent regulatory changes that forced EU users to find a new exchange. That is bearish for the BNB price as it lowers demand for the token.
Looking ahead, this cryptocurrency is found in a downtrend with no signs that this will end any time soon. As such, watch the support at $500, which could be tested in the future before buyers return.
Source: TradingView Hype (HYPE) Surprisingly, HYPE was flat this week and lost 5% of its valuation in the past month. This highlights that the uptrend may be over. The price is also under $60 at the time of this post, which is concerning since it may encourage sellers to push even lower.
If this cryptocurrency loses its macro uptrend, then a larger and more significant correction could follow. Right now, the longer the price sits under $60, the higher the chance that HYPE will fall much lower. Key support levels are found at $56 and $52.
Looking ahead, HYPE had a fantastic rally in the first half of 2026, and it seems the second part of the year could end up in a major correction. That may see HYPE revisit previous levels under $50. If so, this can also be a key buying opportunity.
Stellar‘s native token XLM is trading around $0.1808, down 3.62% in the last 24 hours, as it clings to a critical support level amid expanded institutional participation on the network.
Price action remains range-boundDespite a recent decline, buyers have consistently defended the major support zone. The token has traded below the Bollinger Bands’ middle band at $0.1890 after failing to reclaim resistance at $0.1987. The lower Bollinger Band, near $0.1754, continues to act as a safety net, keeping XLM locked within a defined trading corridor.
Trading volume has tapered off since the strong rally seen at the end of May, highlighting waning short-term momentum. The narrowing of the Bollinger Bands on the daily chart signals reduced volatility, which may indicate that the market is consolidating before its next major move.
LevelPriceCurrent price$0.1808Immediate resistance$0.1890Next resistance$0.1987Key support$0.1754The Stellar Development Foundation has announced that MoneyGram, Figue, and Range.org have become Tier 1 validators on the network. The organization is a nonprofit dedicated to the development and expansion of the Stellar blockchain, focusing on global payments and financial access.
These new validators, which include global payment firm MoneyGram and industry partners, will contribute to network security and decentralization efforts. The Foundation is also set to open a discussion about institutions’ roles as active network participants.
By integrating organizations involved in payments and financial infrastructure, Stellar aims to boost its credibility and highlight its commitment to real-world blockchain adoption. Although the news has not triggered a sharp price change, some market participants believe it could reinforce Stellar’s long-term growth prospects.
Mini dictionary: Validator, a participant in blockchain networks responsible for verifying transactions and securing the integrity of the network. Tier 1 validators are typically the most trusted nodes and have a significant role in consensus and network operations.
Recent updates naming MoneyGram, Figue, and Range.org as Tier 1 validators on the Stellar network highlight the project’s ongoing efforts to strengthen security and expand institutional engagement.
Network fundamentals remain intactDespite the recent drop in price, on-chain metrics reveal that active user participation on the Stellar network remains at elevated levels. Data from DefiLlama indicates that user addresses are maintaining activity near recent highs, a sign that the network continues to attract engagement even during price corrections.
Open interest in XLM derivatives, tracked by CoinGlass, has stabilized after retreating from its late-May peak. This suggests that derivatives traders are largely staying in the market and awaiting new catalysts, rather than exiting positions.
The first key resistance for XLM is at $0.1890, followed by $0.1987, while buyers must defend support at $0.1754 to prevent further downside pressure.
Analysts note that a sustained breakout above both resistance levels could spark renewed buying momentum. On the other hand, a breach of the $0.1754 support may lead to increased selling and further market weakness.
For now, consistent on-chain activity, stabilized derivatives positioning, and the addition of institutional validators indicate that Stellar is maintaining a steady foundation. Many market participants appear to be waiting for a decisive signal before taking further action.
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.
Key Highlights Second-quarter results showed earnings per share of $0.38 and revenue totaling $16.1 billion, surpassing Wall Street’s expectations of $0.21 EPS and $14.43 billion in sales Third-quarter revenue forecast of $15.8B–$16.8B exceeded analyst projections of $15.06B Data center segment generated $6.3 billion in revenue, beating the $5.54 billion consensus Shares have soared 178% this year following CEO Lip-Bu Tan’s transformation strategy Intel Foundry secured a contract from Google to manufacture 3 million custom Tensor Processing Units Shares of Intel (INTC) surged over 7% during extended trading hours on Thursday following the semiconductor giant’s impressive second-quarter financial results and encouraging third-quarter projections.
Intel Corp., INTC
The company delivered adjusted earnings of $0.38 per share on $16.1 billion in quarterly sales. Analysts had anticipated earnings of $0.21 per share with revenue reaching $14.43 billion. In the same period last year, Intel recorded a loss of $0.10 per share while generating $12.9 billion in revenue.
Year-to-date performance has been exceptional, with Intel shares gaining 178% since January 2026, although they still trade approximately 29% beneath their record closing price of $140.94 achieved on June 22.
For the upcoming third quarter, management forecasted revenue between $15.8 billion and $16.8 billion, significantly exceeding Wall Street’s $15.06 billion projection. The earnings per share outlook of $0.38 also surpassed the analyst consensus of $0.27.
The data center division posted $6.3 billion in sales, outperforming the $5.54 billion estimate. Meanwhile, client computing generated $8.9 billion in revenue, exceeding projections of $7.99 billion.
Intel Foundry reported quarterly revenue of $5.8 billion, representing a 31% year-over-year increase and beating the $5.6 billion forecast.
“AI is driving unprecedented demand for compute, and as we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise, ASICs, advanced packaging and vast wafer foundry network,” CEO Lip-Bu Tan said.
Chief Financial Officer Dave Zinsner highlighted improved manufacturing yields and accelerated production cycles as critical factors behind the quarter’s outperformance. Management announced plans to substantially expand capital expenditures on equipment, clean room facilities, and substrate materials.
CPU Market Experiences Resurgence The emergence of AI agents has sparked renewed interest in central processing units, as these applications depend on CPUs for executing functions such as database queries and document creation. This shift has provided a significant boost to Intel’s traditional chip operations following an extended period where GPUs dominated the market.
Just days ago, Intel announced workforce reductions within its Data Center Group as part of an organizational realignment. The company stated it is “aligning its organization to ensure it has the right roles and skills in place.”
Manufacturing Division Gains Momentum Intel’s chip fabrication business continues to attract prominent clients. Reports from The Information indicate that Google has contracted Intel to produce 3 million specialized Tensor Processing Units. Additionally, Nvidia is said to be considering Intel as a potential manufacturing partner.
These developments occur as Taiwan Semiconductor Manufacturing (TSM) faces challenges meeting robust demand from Nvidia, AMD, and Apple. Intel appears positioned to capitalize on opportunities as an alternative supplier.
In the consumer segment, escalating memory chip costs are prompting manufacturers to discontinue lower-margin laptop and desktop models while increasing prices on high-end offerings.
Intel earned recognition as a 2026 Barron’s stock selection and has garnered support from the Trump administration alongside receiving investment from Nvidia.
Whales accumulated more than 14 million LINK over the last three weeks, strengthening the bullish narrative despite the market’s recent consolidation. This buying activity hinted at growing confidence among large holders, instead of aggressive profit-taking.
The steady increase in whale balances may be a sign that institutional-sized participants preferred accumulating during periods of stable prices, rather than chasing rallies.
Large-scale accumulation often reduces available circulating supply over time, which could support higher prices if demand continues to increase.
Even so, traders would still need broader market participation because whale purchases alone rarely sustain prolonged rallies without additional spot demand.
Spot outflows keep selling pressure contained Chainlink’s spot market has continued to record negative exchange netflows, reducing the immediate risk of heavy exchange-driven selling. In fact, the latest daily reading showed a -$601.60K netflow, meaning more LINK left exchanges than entered them. This finding suggested that investors preferred holding tokens in private wallets, instead of positioning them for sale.
Earlier periods also saw persistent negative netflows, reinforcing the broader accumulation narrative despite occasional short-lived inflow spikes.
However, the relatively modest daily outflow indicated that buying activity remained measured rather than aggressive. Sustained negative netflows would likely strengthen supply conditions if demand accelerates across the board.
Still, any sustained return of positive exchange inflows could weaken that advantage by increasing readily available selling liquidity.
Source: CoinGlass Why are Binance traders staying bullish? Binance’s top traders have so far maintained a clear bullish bias despite LINK’s recent consolidation below resistance.
Long accounts represented 67.57% of positions while short accounts accounted for 32.43%, producing a 2.08 Long/Short Ratio. The positioning suggested that experienced participants have continuted to favor upside exposure, instead of preparing for an extended decline.
Nevertheless, leveraged optimism alone does not guarantee higher prices because spot demand still needs to confirm the Futures outlook. The combination of whale accumulation and persistent long positioning hinted at improving market confidence across different participant groups.
If buyers maintain that conviction while spot demand strengthens, LINK would likely receive additional support for another attempt at higher resistance levels.
Source: CoinGlass Can LINK finally reclaim $9.05? At the time of writing, Chainlink [LINK] was trading at around $8.57 after recovering steadily from the $7-support zone and reclaiming the $8.26-level. The price approached the key $9.05-resistance, but it had not produced a confirmed breakout.
The MACD stayed above the Signal line to underline bullishness, despite the histogram’s bars getting smaller. This suggested that buying strength had moderated after the recent advance.
That combination also suggested that while recovery remained intact, short-term enthusiasm cooled down slightly.
If buyers reclaim $9.05, LINK would likely challenge the psychological $10-resistance next. However, rejection under $9.05 could trigger another pullback towards $8.26. This is a level where buyers previously regained control.
Ultimately, the broader structure still seemed to favor recovery as long as the price defends that support.
Source: TradingView Final Summary Whale accumulation and exchange outflows have continued to support LINK’s improving market structure. LINK still needs a decisive break above $9.05 to strengthen the bullish outlook.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Semiconductor stocks were mixed in U.S. pre-market trading, with Intel rising nearly 5% while most storage and optical communication stocks declined.
According to BIT (bit.com) market data, ahead of Friday’s US pre-market trading, semiconductor stocks were mixed: Intel (INTC) rose 4.76%, Arm (ARM) gained 0.96%, and AMD (AMD) increased 0.41%; SK Hynix (SKHY) fell 2.93%, Micron Technology (MU) dropped 2.16%, Marvell Technology (MRVL) decreased 1.41%, and NVIDIA (NVDA) declined 0.72%. The storage sector saw broad declines: SK Hynix (SKHY) fell 2.93%, SanDisk (SNDK) dropped 2.19%, Micron Technology (MU) decreased 2.16%, Western Digital (WDC) declined 1.68%, and Seagate Technology (STX) fell 1.24%. Most optical communication concept stocks retreated: Nokia (NOK) dropped 2.15%, Astera Labs (ALAB) fell 1.99%, Credo (CRDO) decreased 1.86%, Ciena (CIEN) declined 1.14%, and Applied Optoelectronics (AAOI) fell 0.62%.
20 minutes ago
Suspected a16z address has staked 2.785 million HYPE tokens, worth approximately $164 million.
According to Mlm monitoring, a HYPE whale staked 2.785 million HYPE tokens via 20 wallets over the past 11 hours, worth roughly $164 million. The whale had previously accumulated 2.94 million HYPE tokens between September and October last year, currently valued at approximately $172 million, and ranks among HYPE’s largest holders. The whale may be linked to a16z, though this association has not been confirmed.
20 minutes ago
Intel's pre-market trading rose nearly 5% on the back of strong Q2 performance and Q3 guidance that exceeded expectations.
According to market data from BIT (bit.com), Intel (INTC) is up nearly 5% in pre-market trading, as its Q2 results were strong and Q3 guidance exceeded expectations.
20 minutes ago
Jiang Zhuoer: The CLARITY Act has only a 10% to 20% chance of passing, with major disagreements on ethical provisions persisting between the two parties.
Jiang Zhuoer, founder of BTC.TOP, stated in a post that the Clarity Act has only a 10% to 20% chance of passing, with major disagreements persisting solely on its ethics provisions. The proposal agreed by Trump only restricts the president and their spouse from engaging in crypto asset issuance, while Democrats demand including other family members and family entities in the restrictions. The two sides also failed to reach an agreement on law enforcement authority: Trump supports the U.S. Department of Justice (DOJ) being responsible for prosecuting violations, but Democrats argue the Attorney General is appointed by the president and demand granting state attorneys general the right to prosecute as well. Jiang believes that fully accepting the Democrats’ proposed restrictions would leave Trump with little incentive to sign the bill. Apart from the ethics provisions, multiple disagreements also exist in other parts of the legislation. The U.S. Congress will adjourn on August 7, with only around 10 working days remaining, leaving the procedural timeline extremely tight and making it difficult to bridge major divides before adjournment. He added that Congress’s session from September 14 to October 5 falls near the midterm elections, and lawmakers must also handle budget and appropriations agendas, with even a potential government shutdown risk. Democrats also lack the political incentive to push the bill through before the elections.
20 minutes ago
Bitget has completed dividend distributions for 63 stocks including Micron Technology and TSMC.
According to an official announcement, Bitget has completed the dividend distribution for 63 US stocks and ETFs, including rMU (Micron Technology), rQQQ (Nasdaq 100 Index ETF), and rTSM (Taiwan Semiconductor Manufacturing Company, TSMC). The platform has settled USDT dividends proportionally for users who held the relevant assets at the snapshot time, with the entire process automated—no user action is required. This distribution covers multiple asset categories including technology, semiconductors, communications, and index ETFs. Users can check specific details via: in the App, navigate to "Assets" → "Financial Records" → "Spot" → "Other" → "Dividends"; or on the Web, go to "Asset Overview" → "Spot Orders" → "Fund Flow" → "Other" → "Dividends". The final credited amount and timing shall be subject to the platform’s actual credit and page display.
20 minutes ago
Ethereum breaks through $1,900
According to HTX market data, Ethereum has broken through the $1900 level, with a 0.92% decline in the past 24 hours.
Coinbase Opens Business Payments to AI AgentsCoinbase is moving to put autonomous software at the center of digital commerce. Starting this week, Coinbase Business users can accept $USDC payments directly from AI agents through the x402 payment standard. Coinbase launched x402 in May 2025 as a way for APIs, apps, and AI agents to transact directly over HTTP using stablecoins.
The feature uses x402, an open payment standard created for automated payments across websites and online services. Businesses will not need to complete additional setup to accept agent payments. Coinbase said USDC transactions settle instantly and do not carry chargeback risk. The service also supports reusable payment links and automated buyer data collection for reconciliation and analytics.
The timing is deliberate. The rollout arrives as agent traffic starts to overtake human traffic on parts of Coinbase's platform. Sid Coelho-Prabhu, who leads Coinbase Business, described it as recreating a familiar transaction for a new customer type, telling CoinDesk: "We are delivering that experience for the new online agentic economy."
Trading Tools, Developer Kit and the Agentic EconomyThe new releases include support for agent payments through Coinbase Business, expanded trading capabilities within Coinbase for Agents, and a new x402 software development kit from Coinbase Developer Platform.
Coinbase also expanded Coinbase for Agents, its Model Context Protocol product, with new commands that allow AI agents to access live market data and execute trades based on predefined rules. The tools include live monitoring of open orders, access to order books, and real-time price and volume data. Users can create conditional instructions that trigger purchases when a selected price or market condition is reached. Coinbase said the system uses the same WebSocket market data infrastructure available to institutional trading desks while allowing users to manage instructions through natural language.
On the developer side, the CDP x402 SDK lets developers integrate agent payment acceptance in just three lines of code, with managed wallets and spend controls included. Coinbase and Cloudflare launched the x402 Foundation in 2025 to establish x402 as the universal standard for internet-native payments. Core members now include Google, Visa, AWS, Circle, Anthropic, and Vercel alongside the founding partners.
Coinbase said the products are designed to support the "agentic economy," where AI agents can make payments, manage finances, and complete other tasks on behalf of users.
Sources:
Coinbase for Agents: Official Coinbase Blog
Coinbase Enables AI Agents to Pay Businesses and Execute Crypto Trades, Crypto Briefing
Coinbase Closes the Gaps in AI Agent Economy, CoinDesk
Coinbase is allowing businesses to accept USDC payments from autonomous AI agents as part of a wider expansion of its agent-focused financial tools.
Summary
Coinbase Business will accept USDC payments initiated by AI agents through its native x402 support. Coinbase for Agents adds live market views and conditional actions controlled by user-defined trading guardrails. Developers can add agent payment acceptance to online services using Coinbase’s streamlined CDP x402 SDK. The exchange announced the rollout on July 23, 2026, alongside new trading commands for users and a developer kit for adding x402 payments to online services.
Coinbase said software-generated traffic exceeded human traffic on its Base documentation pages for the first time in June. The company argued that most online payment systems still assume “a human clicking the button,” leaving businesses and developers without a simple way to serve autonomous software.
Coinbase Business adds agent payments Beginning this week, Coinbase Business users can accept USDC payments sent by AI agents. Coinbase Payments powers the feature, while native x402 support handles internet-based, pay-per-use transactions. Businesses can receive, track, reconcile and cash out agent payments from the same account used for other payment activity.
Coinbase Business also offers rewards on eligible idle USDC balances. Its current business page lists a 3.35% annual reward rate, although Coinbase says rates can vary by region and may change. The company also states that USDC payments do not carry chargeback risk because Coinbase does not act as a party to transactions between businesses and their customers.
New commands expand Coinbase for Agents Coinbase also added real-time market views and conditional actions to Coinbase for Agents. The new commands let an agent stream open orders, view an asset’s order book and watch live price and volume data. Users can set a condition that triggers a planned action, including a buy, sale or order cancellation.
The company presented examples such as selling assets when Bitcoin falls below a set level or cancelling an order after a fixed period. Users define those instructions and related guardrails.Coinbase for Agents already allowed authorised AI tools to trade, manage portfolios and complete financial workflows through linked Coinbase accounts.
CDP x402 SDK targets developers Coinbase Developer Platform introduced a new CDP x402 SDK that lets developers add agent payments to an API, Model Context Protocol server or web service with a small code setup. Coinbase said the kit arrives preconfigured with its preferred infrastructure and extensions, reducing the manual work previously required to choose payment middleware and service providers.
The x402 standard uses the HTTP 402 “Payment Required” response to send payment instructions directly between an online service and a client. An AI agent can receive the request, sign a stablecoin payment and retry access with proof of payment. Coinbase launched the open standard in May 2025 for APIs, applications and autonomous agents.
The latest products extend a series of agent-payment releases from Coinbase. As previously reported, Amazon added Coinbase x402 to Bedrock AgentCore Payments in May, allowing agents to pay for services in USDC. Coinbase-backed x402 also launched Agentic.market in April to help agents discover and purchase compatible online services.
The company has not disclosed payment volumes expected from the feature.Coinbase said the three updates cover businesses receiving payments, people directing financial agents and developers building agent services. The rollout remains tied to user-set controls, supported regions and product availability. Coinbase Business currently operates in the U.S. and Singapore, while individual features and USDC reward rates may differ by market.
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.
Key Highlights Businesses using Coinbase can now receive USDC payments directly from AI agents through x402 protocol integration The x402 framework debuted in May 2025, designed to facilitate stablecoin transactions via HTTP Automated trading features allow users to set market conditions and execute transactions through AI monitoring Developers gain access to an x402 SDK enabling payment integration with minimal code implementation AI agent activity on Coinbase’s Base documentation exceeded human visits for the first time recently In a significant expansion of its business services, Coinbase has introduced functionality enabling commercial entities to receive cryptocurrency payments from autonomous AI agents. The platform now supports USDC stablecoin transactions through its Business tier, marking a shift toward automated digital commerce.
The infrastructure relies on x402, a payment protocol developed by Coinbase and unveiled in May 2025. This framework enables stablecoin transfers to occur via HTTP requests, effectively allowing AI systems to execute financial transactions similar to how consumers use digital payment methods for online purchases.
According to Sid Coelho-Prabhu, who leads Coinbase Business operations, the development represents creating a payment gateway tailored for an economy driven by autonomous agents. These AI systems can establish wallets independently, access necessary technical documentation, and begin conducting transactions without requiring merchants to implement specialized infrastructure.
Transaction processing occurs through Coinbase Payments infrastructure with settlements completed in USDC. Merchants can accept these automated payments without developing custom integration solutions.
Automated Trading Features Debut Alongside the business payment tools, Coinbase has activated AI-powered trading capabilities for individual users. These features enable traders to establish parameters using conversational language—for instance, “purchase ETH when price drops 5%”—with an AI agent continuously monitoring market conditions and executing trades when criteria are met.
The interface provides real-time visibility into all agent-managed orders, displaying current status, pricing information, and transaction volumes. Behind the scenes, the system leverages WebSocket market feeds identical to those utilized by professional trading operations.
This democratizes sophisticated market surveillance capabilities that traditionally required either technical expertise or specialized software to implement effectively.
SDK Release Simplifies Development On the developer front, Coinbase has made available an x402 software development kit via its Developer Platform. The toolkit enables programmers to integrate x402 payment capabilities into APIs, MCP servers, or web applications with minimal coding effort—reportedly just three lines of implementation code.
This streamlined approach reduces technical barriers for developers building applications designed to interact with AI agents conducting financial operations.
The company highlighted increasing adoption signals, revealing that automated agent traffic surpassed human visitors on Base network documentation resources last month. Coinbase emphasized that existing internet payment systems were architected with the assumption of human interaction—a premise that no longer reflects current usage patterns.
This launch aligns with broader industry momentum, as multiple payment processors and cryptocurrency platforms work to establish stablecoins as the foundational payment layer for AI-driven online commerce.
Specific pricing structures for these new business capabilities have not been disclosed, though they operate within Coinbase’s existing Payments framework.
Semiconductor stocks were mixed in U.S. pre-market trading, with Intel rising nearly 5% while most storage and optical communication stocks declined.
According to BIT (bit.com) market data, ahead of Friday’s US pre-market trading, semiconductor stocks were mixed: Intel (INTC) rose 4.76%, Arm (ARM) gained 0.96%, and AMD (AMD) increased 0.41%; SK Hynix (SKHY) fell 2.93%, Micron Technology (MU) dropped 2.16%, Marvell Technology (MRVL) decreased 1.41%, and NVIDIA (NVDA) declined 0.72%. The storage sector saw broad declines: SK Hynix (SKHY) fell 2.93%, SanDisk (SNDK) dropped 2.19%, Micron Technology (MU) decreased 2.16%, Western Digital (WDC) declined 1.68%, and Seagate Technology (STX) fell 1.24%. Most optical communication concept stocks retreated: Nokia (NOK) dropped 2.15%, Astera Labs (ALAB) fell 1.99%, Credo (CRDO) decreased 1.86%, Ciena (CIEN) declined 1.14%, and Applied Optoelectronics (AAOI) fell 0.62%.
20 minutes ago
Suspected a16z address has staked 2.785 million HYPE tokens, worth approximately $164 million.
According to Mlm monitoring, a HYPE whale staked 2.785 million HYPE tokens via 20 wallets over the past 11 hours, worth roughly $164 million. The whale had previously accumulated 2.94 million HYPE tokens between September and October last year, currently valued at approximately $172 million, and ranks among HYPE’s largest holders. The whale may be linked to a16z, though this association has not been confirmed.
20 minutes ago
Intel's pre-market trading rose nearly 5% on the back of strong Q2 performance and Q3 guidance that exceeded expectations.
According to market data from BIT (bit.com), Intel (INTC) is up nearly 5% in pre-market trading, as its Q2 results were strong and Q3 guidance exceeded expectations.
20 minutes ago
Jiang Zhuoer: The CLARITY Act has only a 10% to 20% chance of passing, with major disagreements on ethical provisions persisting between the two parties.
Jiang Zhuoer, founder of BTC.TOP, stated in a post that the Clarity Act has only a 10% to 20% chance of passing, with major disagreements persisting solely on its ethics provisions. The proposal agreed by Trump only restricts the president and their spouse from engaging in crypto asset issuance, while Democrats demand including other family members and family entities in the restrictions. The two sides also failed to reach an agreement on law enforcement authority: Trump supports the U.S. Department of Justice (DOJ) being responsible for prosecuting violations, but Democrats argue the Attorney General is appointed by the president and demand granting state attorneys general the right to prosecute as well. Jiang believes that fully accepting the Democrats’ proposed restrictions would leave Trump with little incentive to sign the bill. Apart from the ethics provisions, multiple disagreements also exist in other parts of the legislation. The U.S. Congress will adjourn on August 7, with only around 10 working days remaining, leaving the procedural timeline extremely tight and making it difficult to bridge major divides before adjournment. He added that Congress’s session from September 14 to October 5 falls near the midterm elections, and lawmakers must also handle budget and appropriations agendas, with even a potential government shutdown risk. Democrats also lack the political incentive to push the bill through before the elections.
20 minutes ago
Bitget has completed dividend distributions for 63 stocks including Micron Technology and TSMC.
According to an official announcement, Bitget has completed the dividend distribution for 63 US stocks and ETFs, including rMU (Micron Technology), rQQQ (Nasdaq 100 Index ETF), and rTSM (Taiwan Semiconductor Manufacturing Company, TSMC). The platform has settled USDT dividends proportionally for users who held the relevant assets at the snapshot time, with the entire process automated—no user action is required. This distribution covers multiple asset categories including technology, semiconductors, communications, and index ETFs. Users can check specific details via: in the App, navigate to "Assets" → "Financial Records" → "Spot" → "Other" → "Dividends"; or on the Web, go to "Asset Overview" → "Spot Orders" → "Fund Flow" → "Other" → "Dividends". The final credited amount and timing shall be subject to the platform’s actual credit and page display.
20 minutes ago
Ethereum breaks through $1,900
According to HTX market data, Ethereum has broken through the $1900 level, with a 0.92% decline in the past 24 hours.
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.
Uniswap has introduced Permissioned Pools, a new hook standard for its v4 protocol designed to enable compliant trading of regulated and permissioned assets through automated market makers (AMMs).
The new infrastructure allows tokenized funds, securities, equities and other assets with transfer restrictions to trade on-chain while enforcing compliance requirements directly at the protocol level.
Uniswap developed Permissioned Pools in collaboration with teams working to bring regulated assets on-chain, the team stated in a Thursday blog post. Launch partners include Superstate, Securitize and Dowgo, alongside a growing group of issuers and platforms exploring compliant access to on-chain markets.
“As more regulated assets move on-chain, issuers need infrastructure that can enforce each asset’s compliance rules,” Uniswap wrote.
Permissioned Pools are programmed to verify a user's eligibility directly on-chain. Issuers maintain control of an allowlist, while approved users can trade assets and provide liquidity through Uniswap v4.
Permissioned Pools use allowlists to enforce complianceThe system uses Uniswap v4 hooks to add compliance functionality to standard liquidity pools without changing the protocol's permissionless nature.
A permissioned hook checks an issuer-managed allowlist whenever a user attempts to swap an asset. It also verifies eligibility before users can create liquidity positions. This means only approved addresses can trade or provide liquidity for assets subject to transfer restrictions.
Permissioned Pools are designed for tokens that require approved addresses to hold or trade them, thereby ensuring that liquidity providers meet compliance requirements.
Under the architecture, a Permissions Adapter holds the underlying permissioned asset, while the pool trades a compatible wrapper token. Assets entering the pool are wrapped, while those exiting leave unwrapped. The Universal Router and Permissioned Position Manager handle these processes, reducing the changes required for integrations.
The architecture also prevents users from bypassing compliance through indirect routes. Disallowed addresses cannot gain exposure to the underlying permissioned asset through multi-hop transactions. At the same time, liquidity position NFTs are non-transferable to prevent allowlist restrictions from being circumvented.
The issuer can also halt swaps and unwind liquidity positions when required. The system remains non-custodial, with funds leaving the pool only through permitted swaps, liquidity withdrawals or claim redemptions.
Uniswap targets institutional adoption of tokenized assetsUniswap said Permissioned Pools give issuers a way to access AMM liquidity and DeFi composability without abandoning regulatory controls. Approved investors can also gain direct on-chain trading access to assets that previously could not be traded through AMMs.
“For approved investors, it means direct on-chain trading for assets that previously couldn't trade on an AMM at all,” Uniswap stated.
The team emphasized that the protocol itself remains permissionless. The company also shared that the new standard is intended to provide the market infrastructure needed for the next phase of tokenization.
The launch comes as the tokenized asset market continues to expand and gain industry-wide attention, with the sector estimated to reach $11 trillion by 2030.
UNI is trading at $3.75, down 0.5% over the past 24 hours at the time of writing.
After its spectacular launch rally, Cash Cat is still losing ground; the token is currently trading at $0.046. The daily chart clearly shows that sellers are now in charge, as speculative buying pressure has virtually completely vanished. CASHCAT did not establish any significant consolidation after its initial surge toward the $0.20 region. Instead, a textbook downtrend has been created as each attempt at recovery has resulted in a lower high.
This structure is reinforced by the most recent candle sequence, which shows that buyers were unable to withstand even the brief recovery toward $0.08. The chart's lack of accumulation following the collapse is among its most alarming features. Violent sell-offs of strong meme assets are frequently followed by protracted sideways trading as new buyers enter the market.
CASHCAT/USDT Chart by TradingViewCASHCAT does not yet exhibit that behavior. Rather, the price keeps printing lower lows while daily volatility progressively decreases, indicating a decline in the activity of both buyers and sellers. Momentum indicators are still not very good. The token is kept below the neutral 50 level by the RSI, which is currently at 41.
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Although this reading is no longer oversold, it also shows no signs of a resurgence of bullish momentum. Every bounce runs the risk of turning into another brief relief rally rather than the start of a long-term reversal until the RSI rises back above 50.
Currently, the main resistance zone is located between $0.06 and $0.08. Before it broke sharply, that area served as short-term support, so if the price rises, sellers are probably waiting there to sell their positions. The first technical indication that bears are starting to lose control would be reclaiming that range. The present lows around $0.045 are becoming more significant on the downside.
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A clear breakdown below them would expose CASHCAT to yet another wave of price discovery lower, since the token would have no historical support. Even though long upper wicks occasionally indicate speculative buying attempts, the structure as a whole is still bearish.
Although buyers frequently fail to sustain higher prices by the daily close, those spikes show that liquidity is still present. It seems likely that CASHCAT will continue to face pressure unless meme coin sentiment across the market significantly improves. Before any discussion of a wider trend reversal is technically warranted, bulls must set a higher low and recover the $0.06–$0.08 zone.
Solana's stabilization effort After months of weakness, Solana is trying to stabilize, trading at about $76 and progressively forming a string of higher lows. Heavy resistance overhead continues to limit the broader trend, despite the chart's notable improvement since June's steep decline toward the low-$60 area.
The relationship between price and the shorter moving averages is the most promising development. Both the 26-day and 50-day exponential moving averages have been successfully recovered by SOL, and they are now serving as dynamic support. The price has been consolidating above those levels for a number of sessions, suggesting that buyers are protecting recent gains rather than taking quick profits. The wider picture is still difficult, though.
SOL/USDT Chart by TradingViewThe 100-day EMA is currently close to $80 and has consistently rejected attempts to rise throughout July. The 200-day EMA at $93 is still sloping downward even higher, highlighting the fact that the longer-term trend has not yet returned to bullish territory. Solana might benefit from the current $76 consolidation.
The price is moving sideways while allowing moving averages to compress below, rather than extending vertically into resistance. If buying volume eventually reappears, this frequently lays the groundwork for a more forceful breakout attempt. The RSI is consistent with that interpretation. The indicator is close to 51, which is nearly neutral. This implies that momentum has bounced back from negative conditions without overheating. Before momentum enters overbought territory, bulls still have room to move higher.
The area between $80 and $84, where the declining 100-day EMA intersects with earlier horizontal resistance, continues to be the center of immediate resistance. Reaching the $90 area, which is psychologically significant, would probably lead to a resurgence of optimism. The shorter moving averages are currently converging at $73–$74, where support has strengthened.
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The recent recovery would be weakened if that area were lost, and SOL might return to the mid-$60 range. During the most recent consolidation, volume has progressively decreased, which is quite common following a recovery rally. Before anticipating a clear breakout, traders will probably wait for a discernible rise in buying activity. Compared to earlier this summer, Solana's technical picture has significantly improved overall.
The asset has developed a positive base and is no longer in freefall. However, the recovery should be seen as an improving consolidation rather than the start of a confirmed long-term uptrend until SOL firmly breaks through the $80–$84 resistance zone.
XRP's difficult periodXRP has already encountered difficulties in its most recent breakout attempt. Sellers swiftly intervened and drove the asset back below the breakout level after it momentarily pushed above the upper boundary of its ascending triangle. The rejection implies that buyers are still not convinced enough to buck the general downward trend. Right now, XRP is trading at about $1.13, which is nearly exactly where several short-term moving averages converge.
XRP/USDT Chart by TradingViewThe 50-day and 100-day moving averages are still higher at $1.16-$1.24, forming a dense supply zone, while the 26-day EMA is serving as immediate resistance. Upside is probably going to be restricted until XRP clears that cluster. Following the unsuccessful breakout, the daily RSI has fallen back below the neutral 50 level, indicating waning momentum.
An indication that bulls are having trouble attracting new capital is the volume, which has remained comparatively muted. The rising trendline that supported the most recent consolidation is still the crucial level to watch on the downside.
With psychological support at $1.00 becoming more crucial, a decisive daily close below it might invalidate the entire recovery structure and expose XRP to another move toward the $1.05 area. On the other hand, recovering $1.16 would boost confidence and restore access to the 50-day moving average.
Dogecoin's key weaknessDogecoin still appears to be substantially weaker than the majority of large-cap cryptocurrencies. The meme coin is trading close to $0.070, just above recent local lows, and it is still well below all of the daily chart's major moving averages. There is not much room for optimism in the technical structure.
The 50-day, 100-day, and 26-day moving averages are all trending above the price, indicating that sellers are still in charge across all significant time periods. In contrast to XRP, DOGE has been grinding sideways following a protracted decline rather than establishing any convincing higher-low pattern.
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The same weakness can be seen in momentum indicators. The RSI is below 40, a sign of bearish momentum that has not yet reached extremely oversold levels. If selling pressure picks up speed, that allows for an additional leg lower.
Additionally, compared to the peaks observed during earlier rallies, volume has significantly decreased, indicating that speculative interest has essentially vanished. In the absence of new demand, recovery efforts are likely to be sold into. Recovering the 26-day EMA at $0.075 is the first obstacle for buyers.
Stronger resistance emerges above that, close to the 50-day moving average at $0.078. If the current range is not maintained, DOGE may move toward the psychological $0.065 level, which would represent yet another major decline in its long-term structure. DOGE currently has one of the weakest-looking charts among major cryptocurrencies.
Following an early surge, Cash Cat has continued its downward trajectory, currently trading at $0.046. The daily price chart indicates persistent selling, with buyers retreating and speculative demand all but disappearing. The token failed to establish any meaningful base after its initial rally toward $0.20, instead forming a clear downtrend as every rebound produced a lower high.
Cash Cat struggles to find supportRecent trading sessions show that even minor recovery efforts, such as a move toward $0.08, met immediate resistance, and buyers were unable to sustain upward momentum. Unlike many meme tokens, where intense sell-offs are usually followed by a period of sideways movement as new buyers accumulate, CASHCAT continues to record lower lows. Daily fluctuations are narrowing, and both buying and selling activity appears to be fading.
Technical indicators provide little optimism. The relative strength index (RSI) remains below the neutral 50 mark, sitting at 41. While this is not an oversold level, it also does not point to any budding bullish momentum. For sustained recovery, the RSI would need to rise above 50 and see prices reclaim the resistance zone between $0.06 and $0.08.
Every rally attempt so far has failed to break resistance, and unless the price overcomes the $0.06–$0.08 area, sellers are likely to stay in control.
If Cash Cat slips below the current local support near $0.045, it could trigger a new drop, as there is no clear historical support at lower levels. Occasional speculative spikes show that liquidity is present, but buyers often cannot hold gains into the close. Until market sentiment surrounding meme coins shifts, sellers are expected to retain control.
Solana’s gradual recovery stalls at moving averagesSolana has attempted to stabilize after several months of weakness, consolidating around $76 and shaping a series of higher lows. Although the downtrend that started with June’s decline toward $60 has given way to some price stability, stiff resistance remains overhead.
The most notable development is Solana’s recovery of its 26-day and 50-day exponential moving averages, which now provide dynamic support. Price has lingered above these levels, indicating that recent gains are being defended. However, more significant resistance at the 100-day EMA—currently around $80—has repeatedly capped upward movement, while the longer-term 200-day EMA at $93 continues to slope downward, highlighting an unconfirmed long-term reversal.
The sideways price action gives moving averages time to converge and may support a breakout attempt if buying returns in force. Solana’s RSI stands at 51, signaling that momentum has rebounded from lows but is not yet overbought. This leaves some room for further upside should bullish sentiment return.
Moving AverageCurrent LevelStatus26-day EMA$74Support50-day EMA$74Support100-day EMA$80Resistance200-day EMA$93Downtrend ResistanceNear-term resistance is concentrated between $80 and $84, coinciding with the declining 100-day EMA and previous price ceilings. A break above this region could open the door to $90, a critical psychological level. Meanwhile, support has formed at $73–$74, where the shorter moving averages are converging; losing this area could put $60s back in play. Volume has decreased during the recent consolidation, typical after a rebound. Solana’s structure is stronger than in early summer, but a confirmed uptrend hinges on overcoming the $80–$84 zone.
XRP attempts breakout, faces seller pressureXRP’s bullish momentum faltered quickly after briefly breaching the upper edge of its ascending triangle pattern. Sellers pushed the price back below breakout levels, indicating that buyers remain hesitant. At the moment, XRP trades near $1.13, close to a cluster of short-term moving averages.
The 26-day EMA acts as immediate resistance, with the denser 50-day and 100-day moving averages at $1.16 to $1.24 creating a challenging supply zone above. The daily RSI has also slipped below the neutral midpoint as positive momentum fades.
Failure to solidly regain $1.16 would likely keep XRP rangebound or send it lower, while a close below $1.00 could nullify the current recovery and expose the asset to further declines.
Muted trading volume suggests that fresh capital inflows are lacking, while the asset’s structure depends on the rising trendline that has provided support in recent weeks. Should XRP fall below this, and lose hold of the psychologically sensitive $1.00 mark, further downside becomes a risk.
Dogecoin remains under pressureDogecoin continues to lag behind other major cryptocurrencies, trading near $0.070 and sitting below all major daily moving averages. The technical landscape offers little cause for optimism, as the 50-day, 100-day, and 26-day moving averages remain above price and reinforce ongoing selling dominance.
Unlike XRP, which at least attempted a breakout, DOGE has failed to establish higher lows and mostly moved sideways following a sustained decline. Momentum indicators like the RSI remain below 40, pointing to persistent bearishness that has not yet reached a capitulation point. Trading volumes have also collapsed compared to previous rallies, evidence that speculative interest has waned.
The first target for buyers is reclaiming the 26-day EMA at $0.075, followed by the 50-day MA at $0.078. If DOGE cannot maintain its current range, it risks sliding toward the psychological $0.065 level, deepening its longer-term downtrend. For now, Dogecoin shows one of the weakest setups among leading cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum has further consolidated its lead in decentralized finance, with its share of total cryptocurrency total value locked (TVL) rising to 54.39% during the past month. The increase, up from 53% one month prior, represents a gain of more than one percentage point despite persistent competition from other blockchain protocols, according to data from DefiLlama shared by staking provider Everstake.
Ethereum’s TVL Growth and Market ImpactTVL, a key metric for measuring participation in blockchain-based financial applications, tracks the value of assets deposited within smart contracts across various DeFi platforms. The most recent change means billions of dollars in digital assets have moved into Ethereum-based protocols, underscoring the platform’s ongoing appeal in lending, decentralized exchanges, and staking services.
Everstake highlighted, “When one network now secures 54.39% of the entire crypto TVL, it’s a reminder of just how significant Ethereum’s position has become.” The staking provider attributed this continued supremacy to years of progressive ecosystem expansion, ongoing protocol upgrades, and robust developer activity that have attracted new applications and liquidity to Ethereum.
Everstake commented that Ethereum’s steady growth in TVL points to the network’s years of expansion, upgrades, and adoption by both developers and users, reinforcing its vital role within DeFi.
Rival Blockchains Maintain Diverse DeFi EcosystemWhile Ethereum’s dominance remains substantial, alternative public blockchain networks continue to hold considerable TVL market shares. According to DefiLlama, Solana currently controls 6.49% of the total, with Tron and BNB Smart Chain each holding 6.30%. Base, a rising layer-2 solution backed by Coinbase, accounts for 6.03%, while Bitcoin-based DeFi stands at 5.61% of TVL.
These figures reflect a diversified landscape, as Solana accelerates adoption through user-focused applications, and Base leverages synergies with Coinbase’s broader ecosystem. Tron, meanwhile, has established a niche in stablecoin transfers, particularly for USDT. Each network addresses unique market segments, signaling that capital allocation is spread across multiple platforms based on their respective strengths and user bases.
BlockchainTVL Share (%)Ethereum54.39Solana6.49Tron6.30BNB Smart Chain6.30Base6.03Bitcoin5.61Technical Upgrades Drive Ethereum AdoptionEthereum’s high TVL levels have been strengthened by a constant flow of technical improvements and a strong developer community. Flagship DeFi protocols, such as Aave, Maker, Uniswap, and Lido, anchor substantial liquidity on Ethereum, bolstering overall network TVL and activity.
Continuous upgrades aimed at boosting scalability and reducing transaction fees, especially via Layer-2 networks, have made Ethereum more attractive for institutional investors and retail participants alike. This broader appeal supports the deployment of additional decentralized applications, all while maintaining Ethereum’s well-regarded security profile.
Mini dictionary: Layer-2 networks, often referred to as L2s, are secondary frameworks built atop Layer-1 blockchains like Ethereum. These solutions process transactions off the main chain and submit bundled results to the base layer, effectively reducing congestion and lowering fees without compromising security.
For market participants, rising total value locked is commonly viewed as an indicator of growing trust in a blockchain’s DeFi ecosystem. However, analysts recommend evaluating TVL alongside other factors such as user activity, transaction volume, protocol revenues, and fee generation before forming conclusions about overall network health.
ETH’s Role as Primary DeFi Settlement LayerEthereum’s expanding share of TVL reflects its pivotal position as the main settlement and liquidity hub for DeFi applications. Higher TVL levels generally result in increased liquidity, enabling broader lending markets and more efficient decentralized trading for users and institutions.
This development is particularly relevant as institutional interest in Ethereum has accelerated since the approval of spot ETH exchange-traded funds (ETFs) in the United States. While ETF inflows do not directly count toward DeFi TVL, greater mainstream exposure to ETH has further boosted awareness and interest across its diverse ecosystem.
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.
Key Highlights Solana has gained 12% over the last month, currently hovering near $77 ETF capital flows reached a two-week peak, with BSOL receiving $5.83M Inactive wallet activity on Solana decentralized exchanges jumped 400% week-over-week Critical resistance level established at $78; surpassing $97.89 may trigger a rally toward $120–$130 Technical indicators show a bullish MA crossover, indicating accumulating buy-side momentum Solana has posted impressive gains of 12% during the last 30-day period, securing its position as the strongest performer among the top five cryptocurrencies by market capitalization. Currently, SOL is exchanging hands around the $77 mark, accompanied by daily trading activity totaling $1.61 billion.
Solana (SOL) Price Daily transaction volumes have experienced a modest decline from $2.2 billion down to $1.7 billion following a four-day consecutive upward price movement. The cryptocurrency market seems to be consolidating after its recent advance.
Capital flows into Solana-focused exchange-traded funds shifted into positive territory this week, with approximately $7.2 million entering SOL-based investment products. Leading the charge was the Bitwise Solana Staking ETF (BSOL), which attracted $5.83 million on July 21 — marking its strongest single-day performance in a fortnight.
Source: SoSoValue The subsequent trading session witnessed outflows totaling $1.27 million, representing approximately 25% of the previous day’s inflows. Monthly net inflows for July have reached nearly $12 million, a stark contrast to June’s $786,000 net exodus.
However, July’s momentum represents an 86% decrease compared to May, when Solana ETFs attracted $115 million while SOL was valued around $80.
Inactive Wallets Make Comeback Previously inactive wallet addresses returning to Solana’s decentralized exchange ecosystem reached 62,000 during the past week, climbing from under 20,000 in the preceding period. This represents a remarkable 400% surge and marks the highest returning participant count recorded in more than twelve months.
Source: Dune The stablecoin reserves on Solana’s network have also achieved a fresh record high of $17 billion, based on data from DeFi Llama. Meanwhile, application fee generation continues to languish at levels not seen in two years.
Digital asset analyst Michaël van de Poppe shared on X that SOL is “holding the range low” and forecasted it’s “just a matter of time” before the cryptocurrency accelerates toward the $120 threshold. Van de Poppe has identified the $75 zone as a crucial support foundation for SOL.
The path of $SOL remains the same.
It's holding the range low and, to me, it's just a matter of time until this starts to accelerate towards $120. pic.twitter.com/hv6rVMtkxl
— Michaël van de Poppe (@CryptoMichNL) July 21, 2026
Critical Price Thresholds Under Observation A significant moving average crossover has materialized, with the shorter-term MA climbing above its longer-term counterpart — a configuration that market participants monitor for potential trend reversals. The Relative Strength Index is also positioned above the midpoint, indicating strengthening buyer interest.
SOL must establish a close above the $97.89 level to transform its market structure from bearish to bullish. Trading beneath this threshold maintains the technically bearish pattern.
Should Solana successfully pierce through the $78 resistance barrier, market analysts are targeting the $90–$95 zone as the subsequent objective, where the 200-day exponential moving average is currently positioned. A sustained advance beyond $97 could propel prices into the $120–$130 territory.
The Crypto Fear and Greed Index currently registers at 39, hovering near Neutral sentiment. More than half of the analysts monitored by FedWatch anticipate a 25 basis point Federal Reserve rate increase by September, which may constrain upside potential for alternative cryptocurrencies in the immediate term.
Combined Solana and Hyperliquid ETF products represent nearly 80% of non-Bitcoin/Ethereum ETF trading volume, with aggregate Solana ETF assets under management nearing the $1 billion milestone.
LayerZero and Keeta have partnered to make tokenized commercial bank deposits transferable across Ethereum, Solana, Base and the Keeta Network.
Summary
Keeta stablecoins will represent commercial bank deposits and move across four networks through LayerZero infrastructure. Nine fiat currencies are scheduled to launch across supported public blockchains later during July 2026. Bivo will hold backing deposits while issuers retain control over contracts, transfers, and compliance requirements. The companies plan to launch the service later in July 2026, giving institutions a way to move bank-backed digital money across several public blockchains.
(1/8) Keeta has partnered with @LayerZero_Core to bring tokenized commercial bank money to major blockchains.
Together, we’re the first to combine regulated, compliance-native infrastructure with omnichain interoperability, enabling financial institutions to move bank-grade… pic.twitter.com/QKPJff0b7N
— Keeta (@KeetaNetwork) July 23, 2026 The system will use Keeta Stablecoins, which the companies describe as tokenized commercial bank money. Commercial bank deposits held through Bivo and its partner-bank network will back the tokens. The initial release will cover the U.S. dollar and eight other fiat currencies.
Keeta Stablecoins target multichain settlement According to the official LayerZero announcement, the first currencies will include USD, EUR, JPY, CNY, GBP, CAD, MXN, AED and HKD. The companies did not provide a specific launch date or name the institutions that will use the product at launch.
The product targets treasury, payment and settlement work. An institution could hold a token linked to a commercial bank deposit and transfer it between supported networks. Keeta CEO Ty Schenk said, “The future of institutional money isn’t a walled garden.” He said Keeta wants regulated bank money to move across chains rather than remain inside one closed system.
LayerZero supplies the cross-chain token standard Keeta Stablecoins will use LayerZero’s Omnichain Fungible Token Standard. LayerZero’s technical documentation says the OFT model lets one fungible token exist across several chains while maintaining one global supply. A transfer removes tokens from circulation on the source network and credits the same amount on the destination network.
The partnership says the issuing institution will retain contract authority across the supported networks. LayerZero also offers stablecoin controls such as transfer restrictions, rate limits, pause functions and separate operational roles. These controls allow an issuer to apply internal policies while keeping the token available on more than one blockchain.
Bivo provides the deposit and payment connection Bivo will provide access to U.S. payment rails and its partner-bank network. Keeta identifies Bivo as a licensed money transmitter with NMLS number 2572288. California’s Department of Financial Protection and Innovation also lists Bivo as a regulated money transmitter in the state.
The announcement does not state whether every token holder will receive deposit insurance or hold a direct claim against a named bank. It only says that commercial bank deposits held through Bivo will back the tokens. The companies also did not disclose reserve reporting rules, redemption fees, minimum transaction sizes or which entities will issue each currency.
The structure differs from many stablecoins that hold cash, Treasury bills or other reserve assets outside a customer deposit account. Keeta and LayerZero still use the term “stablecoins” for the product, but they describe the backing as commercial bank money rather than a mixed reserve portfolio.
Tokenized deposit projects gain wider attention Banks and crypto firms have tested several forms of tokenized deposits in 2026. JPMorgan and other large U.S. banks have worked on a shared network for tokenized deposits, with a possible 2027 launch. That project would operate through a bank-led system rather than distribute deposits across several public chains.
In another model, Custodia Bank and Vantage Bank tested a dual-purpose token that acts as a bank deposit inside their Hazel network and as a stablecoin when it moves outside the network. The Keeta and LayerZero plan instead focuses on issuing several fiat-linked assets across Ethereum, Solana, Base and Keeta from the start.
LayerZero already supports cross-chain distribution for payment and tokenized-asset products. As previously reported, PayPal expanded PYUSD to additional networks through LayerZero infrastructure. Ondo Finance also used LayerZero for cross-chain transfers of tokenized stocks and exchange-traded funds.
Cross-chain systems also carry technical and operational risks. In April, attackers drained about $292 million from Kelp DAO’s rsETH bridge after compromising infrastructure used by a LayerZero verifier. LayerZero said the attack affected Kelp DAO’s single-verifier setup rather than the core protocol. The company later stopped signing messages for applications using one-verifier configurations and urged projects to use several independent verifiers.
Keeta will also add LayerZero as an anchor inside its network. Keeta uses anchors to connect blockchains and traditional payment systems. The company says its network reached 11.2 million transactions per second during a public stress test conducted with Google’s Spanner engineering team, although that result does not represent normal production volume.
The companies have not disclosed launch partners, expected transaction volume or pricing. Their July rollout will test whether institutions want tokenized commercial bank money that can move across public chains while the issuer keeps control over transfers and compliance settings.
TLDRCloud business drives revenue growth and backlog expansionProfit rises as acquisitions influence outlookCash flow strengthens as share repurchases continueGet 3 Free Stock Ebooks SAP stock falls despite strong Q2 cloud revenue and earnings growth. Cloud ERP revenue jumps 25% as cloud backlog reaches €22.9 billion. Free cash flow climbs 27% to €3 billion in the second quarter. Total revenue rises 9% as cloud business offsets software declines. SAP updates 2026 outlook after Dremio and Prior Labs acquisitions. SAP SE (SAP) shares closed at $146.38, down 1.59%, before rising 1.79% to $149.00 in after-hours trading after second-quarter earnings. The software company reported stronger cloud growth, higher profit, and expanding free cash flow despite slower software license sales. The results also reflected continued demand for cloud enterprise products and AI-driven business software.
SAP SE, SAP
Cloud business drives revenue growth and backlog expansion SAP reported current cloud backlog of €22.9 billion during the second quarter. The figure increased 27% year over year and 26% at constant currencies. Moreover, the company said cloud backlog benefited slightly from the Reltio acquisition.
Cloud revenue reached €6.28 billion during the quarter. That result increased 22% from the previous year and 24% at constant currencies. Cloud ERP Suite revenue climbed 25% and 27% at constant currencies.
Cloud and software revenue increased 11% to €8.85 billion. Total revenue rose 9% to €9.88 billion and 11% at constant currencies. Services revenue declined 3% to €1.03 billion, while software license revenue dropped 32% to €131 million.
Software support revenue also declined 8% to €2.44 billion. Stronger cloud performance offset those declines across the broader business. Consequently, cloud products remained SAP’s primary growth driver during the quarter.
Profit rises as acquisitions influence outlook SAP generated IFRS operating profit of €2.64 billion during the quarter. The result increased 8% from the previous year. Non-IFRS operating profit reached €2.74 billion, rising 7% and 9% at constant currencies.
Profit after tax increased 26% under IFRS to €2.21 billion. Basic earnings per share also climbed 30% to €1.89. Non-IFRS earnings per share increased 6% to €1.59.
Cloud gross profit reached €4.66 billion, increasing 22% year over year. The IFRS cloud gross margin declined slightly to 74.3% from 74.7%. Gross profit rose 9% to €7.23 billion despite modest margin pressure.
SAP updated its 2026 non-IFRS operating profit outlook after completing the Dremio and Prior Labs acquisitions. The company said those acquisitions created a dilutive effect on expected operating profit. It also noted sequential operating profit growth slowed because of increased research spending, stock-based compensation changes and acquisition impacts.
Cash flow strengthens as share repurchases continue SAP generated €3.15 billion in operating cash flow during the quarter. Free cash flow reached €3.00 billion, representing a 27% increase from the previous year. Those gains reflected stronger operating performance despite continued investment spending.
For the first six months of 2026, total revenue reached €19.43 billion. Cloud revenue increased 21% to €12.24 billion during the period. Operating profit also advanced 12% under both IFRS and non-IFRS reporting.
Free cash flow for the first half reached €6.25 billion. Operating cash flow increased 5% to €6.67 billion. Basic IFRS earnings per share rose 19% to €3.55 over the six-month period.
SAP also continued its previously announced share repurchase program. The company repurchased more than 16.28 million shares by June 30. Those purchases totaled about €2.6 billion at an average price of €161.16 per share under the €10 billion program announced in January 2026.
SAP has continued shifting its business toward recurring cloud revenue over recent years. That strategy has reduced reliance on traditional software licensing while expanding subscription-based enterprise software. The latest quarterly results showed that cloud demand continued supporting revenue growth, profitability, and cash generation despite acquisition costs and ongoing investments in AI and research.
Lombard Finance has launched its Bitcoin Onchain Credit Strategy with Flow Traders as an early institutional participant.
Summary
Flow Traders can borrow stablecoins while Bitcoin Earn deposits provide collateral coverage through Cap’s platform. Bitcoin holders receive underwriting premiums alongside vault returns, linking yield directly to institutional borrowing demand. Chainlink CCIP moves BTC.b from Avalanche into Ethereum, widening cross-chain access to the credit strategy. The product lets the market maker borrow stablecoins without posting its own collateral directly onchain. Instead, Bitcoin supplied through Lombard’s Bitcoin Earn vault provides separate collateral coverage through Cap’s credit platform.
The model connects Flow Traders’ demand for stablecoin financing with Bitcoin holders seeking yield. Borrowing premiums paid by the trading firm flow to depositors whose assets support the credit. Lombard said the new allocation sits inside Bitcoin Earn, which has recorded more than $1 billion in deposits from over 38,500 users.
Flow Traders borrows through Bitcoin depositors Flow Traders accesses stablecoins through Cap’s automated credit marketplace on Ethereum. Bitcoin Earn depositors supply the assets that cover the loan, while Symbiotic provides the shared-security layer. Cap’s documents say approved operators can borrow reserve assets after receiving enough collateral from delegators. Each operator receives isolated coverage rather than sharing the same collateral across several borrowers.
If a covered loan falls below its required safety level, Cap can liquidate or slash the delegated assets to repay debt. Lombard CEO Jacob Phillips said, “By separating the borrower from the collateral provider, the parties involved have made it possible for regulated, institutional trading firms to tap into onchain credit for the first time.”
Flow Traders executive Michael Lie said the strategy links Bitcoin holders with financing demand that is “less correlated to DeFi market conditions.”Flow Traders has traded digital assets since 2017 and provides liquidity across exchange-based and bilateral institutional markets.
Bitcoin Earn adds institutional credit premiums Bitcoin Earn operates as a managed meta-vault. Users can deposit LBTC, BTC.b, WBTC or native Bitcoin and receive BTCe receipt tokens. Professional managers allocate the pooled assets across several strategies rather than one lending market. Sentora manages the initial vault, while Veda supplies its infrastructure.
Lombard launched Bitcoin Earn in February 2026 as a managed Bitcoin yield product. The new credit strategy becomes one allocation within that structure. Flow Traders’ fixed annualized premium adds another source of return alongside other vault strategies, whose yields can change with market conditions.
Lombard’s documentation says BTCe withdrawals may take up to 14 days and settle in LBTC, regardless of the asset originally deposited. The company also lists smart contract, strategy and liquidity risks. Audits may reduce technical risk, but they cannot remove the chance of code failures, losses or delayed withdrawals.
Cap also states that delegators face slashing risk if an operator becomes undercollateralized. The yield therefore reflects defined credit and technical exposure rather than a guaranteed return. Cap’s risk disclosures warn that malicious or undercollateralized operators may put delegated assets at risk.
Chainlink moves BTC.b into the Ethereum vault Lombard uses Chainlink’s Cross-Chain Interoperability Protocol to move BTC.b from Avalanche into the Ethereum vault used by the strategy. CCIP lets supported applications transfer tokens and messages between blockchains. This allows the credit product to draw Bitcoin liquidity from Avalanche while Cap manages borrowing on Ethereum.
The cross-chain step follows Lombard’s May decision to use CCIP for more than $1 billion in LBTC and BTC.b assets. The company said the change aimed to standardize transfers as its Bitcoin products expanded across more networks.
As crypto.news reported, Lombard moved LBTC and BTC.b to Chainlink CCIP as its exclusive cross-chain infrastructure after reviewing its bridge setup. Lombard said the migration replaced LayerZero across several networks.
The BTC.b route follows Lombard’s acquisition of the asset and its infrastructure from Ava Labs in October 2025. As previously reported, the deal included BTC.b’s existing Avalanche integrations and user base. Lombard planned to expand the 1:1 Bitcoin asset to Ethereum, Solana and other networks.
Pilot tests a different lending structure Traditional DeFi loans usually require borrowers to post more collateral than they receive. Lombard’s structure separates the borrower from the collateral provider. Flow Traders receives stablecoins, Bitcoin Earn depositors provide coverage, and Cap’s contracts track the loan, collateral level and possible liquidation.
The setup does not remove lending risk. It depends on Lombard’s vaults, Cap’s credit contracts, Symbiotic’s collateral system, Chainlink’s cross-chain service and Flow Traders meeting its repayment duties. Problems in any connected system could affect returns, withdrawals or deposited assets.
Lombard has not disclosed the pilot loan’s size, duration, stablecoin type or interest rate. It has also not named other borrowers. The launch extends Lombard’s Bitcoin products beyond staking and standard DeFi lending, while testing whether Bitcoin depositors can support institutional stablecoin credit through an onchain structure.
According to HTX market data, Ethereum has broken through the $1900 level, with a 0.92% decline in the past 24 hours.
18 minutes ago
Analyst: If ETH holds the $1,850 support level, it may rebound to $2,060.
Crypto analyst Ali Charts posted that Ethereum rebounded after testing the lower boundary of its price channel. The current key support level stands at $1,850; as long as this level holds, Ethereum could rally back toward the channel’s upper boundary, around $2,060.
18 minutes ago
CXMT is 3 days away from its IPO, as newly opened whale positions partially cut their CXMT long positions.
According to Hyperinsight monitoring, CXMT on Hyperliquid is currently trading at $6.4658, down roughly 0.8% over 24 hours, equivalent to ~￥43.93. This is 5.07 times the ￥8.66 IPO price of Changxin Technology, representing a ~407% premium. Changxin Technology is set to list on the STAR Market on July 27 (next Monday), with stock code 688825. Its total post-IPO share count is ~668.81 billion, of which ~45.03 billion shares will be tradable from the first day of listing. Calculated at CXMT’s current price, its implied market cap is ~￥2.94 trillion, ~￥2.36 trillion higher than the IPO valuation of ￥579.188 billion. CXMT futures launched on July 15, hitting a high of $8.64 (~￥58.70) from $6 on its first day, at one point trading at a 577.8% premium to the IPO price, with its implied market cap once approaching ￥3.93 trillion. The current price has fallen 25.2% from that peak, but remains 7.8% higher than its launch price. Open interest for CXMT on the platform stands at ~$50.1 million, with 24-hour trading volume of ~$11.566 million. On the address front, the largest existing position is held by address 0xf29, which is short $8.53 million worth of CXMT at 1x leverage, with an average entry price of $6.6, unrealized profit of $170,000, and liquidation price of $15. Meanwhile, the largest recent million-dollar position (a whale address starting with 0x8e09) has started reducing its long positions; after 13:00 today, it sold a small portion of 30,000 units. As of press time, this address still holds 204,100 CXMT long positions in isolated mode at 5x leverage, with a position value of ~$1.19 million, average entry price of $6.57, unrealized loss of ~$17,000, and a return of ~-7.9%. Although this position is marked as 5x leverage, it has posted ~$1.196 million in isolated margin, resulting in an effective leverage of only ~1.1x; it is currently labeled "Hanba Xiaolong" on Hyperliquid.
18 minutes ago
Roundup of Stablecoin Demand Deposit Yields on Major CEXs: USDT Offers Up to 10% for Small-Tier Deposits, USDC Up to 8%
According to the latest compiled data on flexible savings and earn products of major centralized crypto exchanges (CEXs), platforms including HTX, Binance, OKX, and Bitget continue to offer stablecoin current yields structured as "high returns for small amounts, tiered reduction for excess amounts". For USDT: HTX’s 0-200 USDT tier has an annualized yield of 10%, dropping to 1.95% for amounts over 200 USDT; Bitget’s 0-300 USDT tier yields 6.25%, with excess amounts at 1.59%; Binance’s 0-200 USDT tier is 4.54%, excess at 1.54%; OKX’s is 1.63%. For USDC: HTX’s 0-200 USDC tier offers an annualized yield of 8%, falling to 2.75% above 200 USDC; Bitget’s 0-300 USDC tier is 6.66%, excess at 1.73%; Binance’s 0-200 USDC tier is 6.51%, excess at 1.51%; OKX’s is 1.68%. For other stablecoins: HTX’s USDT VIP tier has an annualized yield of 6%-9%, while Bitget’s USDT VIP 0-300,000 tier is 1.88%; USDE’s annualized yields on HTX, Binance, and Bitget are tiered at 5%/3%, 4.00%, and 1.81% respectively; HTX’s USDD is 4.00%; Binance’s U product has an annualized yield of 8.53% for the 0-10,000 tier, dropping to 0.53% for excess amounts. Overall, current high yields on stablecoin flexible savings products of major CEXs remain concentrated in small amounts, with yields generally lower for large sums. When comparing related products, users should not only consider the nominal annualized yield, but also note tier limits, interest calculation rules, supported currencies, and real-time product availability. The above data is displayed yield rates and does not constitute investment advice.
18 minutes ago
South Korea’s Mirae Asset Group has acquired a 97.15% stake in Korbit, and plans to develop it into a smart investment platform.
South Korea’s Mirae Asset Group has completed the acquisition of a 97.15% stake in Korbit, a veteran South Korean cryptocurrency exchange, and plans to rebrand the platform as Digital X. The deal was finalized after securing approval from South Korea’s Fair Trade Commission, and the group currently has no plans to acquire the remaining shares. Mirae Asset stated that Digital X will be positioned as a "smart investment platform" that integrates real-world assets (RWA), security token offerings (STOs), stablecoins, traditional assets, and digital assets into a unified investment ecosystem, while connecting knowledge, information, and in-depth investment research. The "X" in the name represents the unknown future and infinite possibilities arising from the convergence of different value forms. Korbit currently holds less than 1% of South Korea’s domestic crypto market share, far trailing Upbit and Bithumb. Mirae Asset emphasized that its goal is not to outperform other exchanges, but to combine its global investment expertise with Korbit’s digital asset capabilities to drive the steady, sustainable development of the digital asset industry in South Korea and globally. The group also plans to strengthen investor education, research capabilities, and institutional-grade infrastructure, while strictly adhering to anti-money laundering (AML), know-your-customer (KYC), and fraud detection standards across all operations to serve both institutional clients and retail traders.
18 minutes ago
Controversy over Morgan Stanley’s bearish stance on South Korea’s semiconductor sector intensifies, weighing on its investment banking business in the country.
South Korea’s stock market posted sharp declines today, with SK Hynix plunging over 8% and Samsung Electronics falling more than 7%. Some analysts attribute the sell-off to a recent bearish report on memory chips released by Shawn Kim, head of Asia Tech Research at Morgan Stanley, though others argue the report may not be the direct cause of the market drop. In his July 21 report, Kim noted that the AI-driven memory chip boom is nearing an inflection point, with memory contract prices likely to peak in the fourth quarter, and the share of upward earnings revisions has dropped from 92% to 77%. The report also pointed out that NAND module manufacturers’ inventories have risen to around 13 weeks, approaching the peak of roughly 15 weeks recorded during the pandemic, and put forward the trading logic: "Sell DRAM when NAND turns down." Separately, Morgan Stanley was excluded from the joint lead underwriter lineup for SK Hynix’s roughly $265 billion American Depositary Receipt (ADR) listing. The selected underwriters are Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase, leaving Morgan Stanley as the only top-tier investment bank left out. At a 0.5% underwriting fee rate, the total commission for the project is approximately $130 million. Multiple banking sources said Morgan Stanley’s Seoul office has launched internal reflection on whether its consistent negative semiconductor reports have harmed its investment banking business. Beyond the SK Hynix deal, Morgan Stanley has recently been embroiled in disputes over SpaceX’s share placement and the sale of IGIS Asset Management in South Korea. These incidents further highlight the tension between the research department’s independence and the commercial interests of investment banking, and have amplified its reputation and business pressure in the South Korean market.
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Bitget has completed dividend distributions for 63 stocks including Micron Technology and TSMC.
According to an official announcement, Bitget has completed the dividend distribution for 63 US stocks and ETFs, including rMU (Micron Technology), rQQQ (Nasdaq 100 Index ETF), and rTSM (Taiwan Semiconductor Manufacturing Company, TSMC). The platform has settled USDT dividends proportionally for users who held the relevant assets at the snapshot time, with the entire process automated—no user action is required. This distribution covers multiple asset categories including technology, semiconductors, communications, and index ETFs. Users can check specific details via: in the App, navigate to "Assets" → "Financial Records" → "Spot" → "Other" → "Dividends"; or on the Web, go to "Asset Overview" → "Spot Orders" → "Fund Flow" → "Other" → "Dividends". The final credited amount and timing shall be subject to the platform’s actual credit and page display.
2 minutes ago
Ethereum breaks through $1,900
According to HTX market data, Ethereum has broken through the $1900 level, with a 0.92% decline in the past 24 hours.
2 minutes ago
Analyst: If ETH holds the $1,850 support level, it may rebound to $2,060.
Crypto analyst Ali Charts posted that Ethereum rebounded after testing the lower boundary of its price channel. The current key support level stands at $1,850; as long as this level holds, Ethereum could rally back toward the channel’s upper boundary, around $2,060.
2 minutes ago
CXMT is 3 days away from its IPO, as newly opened whale positions partially cut their CXMT long positions.
According to Hyperinsight monitoring, CXMT on Hyperliquid is currently trading at $6.4658, down roughly 0.8% over 24 hours, equivalent to ~￥43.93. This is 5.07 times the ￥8.66 IPO price of Changxin Technology, representing a ~407% premium. Changxin Technology is set to list on the STAR Market on July 27 (next Monday), with stock code 688825. Its total post-IPO share count is ~668.81 billion, of which ~45.03 billion shares will be tradable from the first day of listing. Calculated at CXMT’s current price, its implied market cap is ~￥2.94 trillion, ~￥2.36 trillion higher than the IPO valuation of ￥579.188 billion. CXMT futures launched on July 15, hitting a high of $8.64 (~￥58.70) from $6 on its first day, at one point trading at a 577.8% premium to the IPO price, with its implied market cap once approaching ￥3.93 trillion. The current price has fallen 25.2% from that peak, but remains 7.8% higher than its launch price. Open interest for CXMT on the platform stands at ~$50.1 million, with 24-hour trading volume of ~$11.566 million. On the address front, the largest existing position is held by address 0xf29, which is short $8.53 million worth of CXMT at 1x leverage, with an average entry price of $6.6, unrealized profit of $170,000, and liquidation price of $15. Meanwhile, the largest recent million-dollar position (a whale address starting with 0x8e09) has started reducing its long positions; after 13:00 today, it sold a small portion of 30,000 units. As of press time, this address still holds 204,100 CXMT long positions in isolated mode at 5x leverage, with a position value of ~$1.19 million, average entry price of $6.57, unrealized loss of ~$17,000, and a return of ~-7.9%. Although this position is marked as 5x leverage, it has posted ~$1.196 million in isolated margin, resulting in an effective leverage of only ~1.1x; it is currently labeled "Hanba Xiaolong" on Hyperliquid.
2 minutes ago
Roundup of Stablecoin Demand Deposit Yields on Major CEXs: USDT Offers Up to 10% for Small-Tier Deposits, USDC Up to 8%
According to the latest compiled data on flexible savings and earn products of major centralized crypto exchanges (CEXs), platforms including HTX, Binance, OKX, and Bitget continue to offer stablecoin current yields structured as "high returns for small amounts, tiered reduction for excess amounts". For USDT: HTX’s 0-200 USDT tier has an annualized yield of 10%, dropping to 1.95% for amounts over 200 USDT; Bitget’s 0-300 USDT tier yields 6.25%, with excess amounts at 1.59%; Binance’s 0-200 USDT tier is 4.54%, excess at 1.54%; OKX’s is 1.63%. For USDC: HTX’s 0-200 USDC tier offers an annualized yield of 8%, falling to 2.75% above 200 USDC; Bitget’s 0-300 USDC tier is 6.66%, excess at 1.73%; Binance’s 0-200 USDC tier is 6.51%, excess at 1.51%; OKX’s is 1.68%. For other stablecoins: HTX’s USDT VIP tier has an annualized yield of 6%-9%, while Bitget’s USDT VIP 0-300,000 tier is 1.88%; USDE’s annualized yields on HTX, Binance, and Bitget are tiered at 5%/3%, 4.00%, and 1.81% respectively; HTX’s USDD is 4.00%; Binance’s U product has an annualized yield of 8.53% for the 0-10,000 tier, dropping to 0.53% for excess amounts. Overall, current high yields on stablecoin flexible savings products of major CEXs remain concentrated in small amounts, with yields generally lower for large sums. When comparing related products, users should not only consider the nominal annualized yield, but also note tier limits, interest calculation rules, supported currencies, and real-time product availability. The above data is displayed yield rates and does not constitute investment advice.
2 minutes ago
South Korea’s Mirae Asset Group has acquired a 97.15% stake in Korbit, and plans to develop it into a smart investment platform.
South Korea’s Mirae Asset Group has completed the acquisition of a 97.15% stake in Korbit, a veteran South Korean cryptocurrency exchange, and plans to rebrand the platform as Digital X. The deal was finalized after securing approval from South Korea’s Fair Trade Commission, and the group currently has no plans to acquire the remaining shares. Mirae Asset stated that Digital X will be positioned as a "smart investment platform" that integrates real-world assets (RWA), security token offerings (STOs), stablecoins, traditional assets, and digital assets into a unified investment ecosystem, while connecting knowledge, information, and in-depth investment research. The "X" in the name represents the unknown future and infinite possibilities arising from the convergence of different value forms. Korbit currently holds less than 1% of South Korea’s domestic crypto market share, far trailing Upbit and Bithumb. Mirae Asset emphasized that its goal is not to outperform other exchanges, but to combine its global investment expertise with Korbit’s digital asset capabilities to drive the steady, sustainable development of the digital asset industry in South Korea and globally. The group also plans to strengthen investor education, research capabilities, and institutional-grade infrastructure, while strictly adhering to anti-money laundering (AML), know-your-customer (KYC), and fraud detection standards across all operations to serve both institutional clients and retail traders.
Oasis Pro Markets Secures Regulatory Green LightOndo Finance has cleared a significant regulatory hurdle in its push to bring tokenized securities to American investors. Its SEC-registered broker-dealer subsidiary, Oasis Pro Markets, has received U.S. regulatory authorization to offer compliant tokenized corporate equities and funds to U.S. financial institutions and retail investors under SEC and FINRA oversight, via OTC retailing, underwritten primary offerings, private placements, and other activities.
Oasis Pro Markets LLC operates as an SEC-registered broker-dealer and alternative trading system and is a member of FINRA/SIPC. The authorizations further enable Oasis Pro Markets to operate a compliant platform for U.S. issuers to conduct primary offerings of, and for U.S. institutional and retail investors to engage in secondary trading of, these tokenized securities.
U.S. investors will gain access to publicly traded equities, including IPOs, as well as fund interests such as ETFs, mutual funds, and index funds. Ondo says the approval will help deliver 24-hour trading, fractional ownership, and faster settlement to investors across the country.
Broader Access and Growing MomentumThe approvals further allow Oasis Pro Markets to support omnibus account structures through integrations with existing broker-dealer and advisory channels, enabling institutional investors, registered investment advisers, and retirement accounts to access tokenized securities through their current brokers, significantly reducing onboarding friction and enabling broader participation by U.S. investors.
The announcement builds on momentum Ondo has already established in the tokenized securities space. Ondo Finance said it has recorded $20 billion in cumulative trading volume and $1 billion in total value locked (TVL) for tokenized stocks, and that it will continue expanding infrastructure connecting traditional finance and blockchain.
Earlier this month, Ondo Finance expanded its tokenized securities offering on Solana by introducing 24/7 minting and redemption for select U.S. stocks and ETFs, with the rollout initially covering six assets: NVDAon, TSLAon, GOOGLon, SPYon, QQQon, and CRCLon. Ondo also introduced tokenized versions of BlackRock's iShares Core S&P 500 ETF and Micron shares in partnership with Broadridge, with the underlying securities remaining within the established U.S. custody system while corresponding tokens are issued on Ethereum and held by regulated custodians.
The move comes as tokenized equities gain momentum across both crypto and traditional finance, with Robinhood rolling out its own blockchain and expanding tokenized stocks beyond Europe, while the DTCC has expanded blockchain-based infrastructure and exchanges including Nasdaq and the NYSE have announced tokenization initiatives.
Sources:
Ondo Finance Official Press Release via PR Newswire
Crypto Times: Ondo's Oasis Pro Gets SEC, FINRA Nod for Tokenized Stocks
CoinDesk: Ondo Finance Debuts SEC-Aligned Tokenized Stock Model
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Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
TLDRAMD and Cerebras Build a Disaggregated AI Inference PlatformPlatform Targets Real Time AI ApplicationsDeployment Plans Expand AMD Helios AdoptionGet 3 Free Stock Ebooks AMD stock rebounds after unveiling a new AI inference partnership with Cerebras. Helios and Wafer-Scale Engine target faster AI responses with lower latency. Joint platform delivers up to 5x higher tokens per second per watt efficiency. Disaggregated architecture separates prompt processing from token generation. Cerebras Cloud will launch the combined AI solution in the second half of 2026. Advanced Micro Devices (AMD) shares closed at $539.69, down 2.29%, before rising 1.54% in after-hours trading to $548.00. The rebound followed the company’s announcement of a technical partnership with Cerebras Systems. The collaboration introduces a disaggregated AI inference platform built to improve speed, efficiency, and large-scale deployment.
Advanced Micro Devices, Inc., AMD
AMD and Cerebras Build a Disaggregated AI Inference Platform AMD partnered with Cerebras Systems to launch a new AI inference solution during Advancing AI 2026. The platform combines AMD Helios rackscale systems with the Cerebras Wafer-Scale Engine. The companies target higher inference performance across demanding enterprise workloads.
The joint platform separates prompt processing from token generation within a single inference workflow. AMD Helios manages high-throughput prompt execution and large context windows. The Cerebras Wafer-Scale Engine accelerates token generation with ultra-low latency.
The companies expect the combined architecture to deliver up to five times higher tokens per second per watt. This improvement increases processing efficiency while supporting demanding AI applications. As a result, the platform addresses performance and power requirements simultaneously.
Platform Targets Real Time AI Applications AI inference workloads now require different infrastructure for different computing tasks. Some deployments focus on maximum throughput for large request volumes. However, coding tools, autonomous agents, and live assistants require much faster response times.
The new platform assigns each workload stage to specialized hardware. AMD Helios processes prompts while maintaining high throughput across rack-scale deployments. The Cerebras Wafer-Scale Engine handles memory-intensive token generation with lower latency.
This architecture supports software development, robotics, scientific research and autonomous systems. Faster token generation improves response quality during interactive workloads. The combined platform addresses applications where processing speed directly affects system performance.
Deployment Plans Expand AMD Helios Adoption Cerebras plans to deploy AMD Helios systems across its data center infrastructure. The companies expect to introduce the joint offering through Cerebras Cloud during the second half of 2026. This deployment expands the commercial reach of AMD’s latest AI infrastructure.
The announcement strengthens AMD’s strategy to expand beyond AI training into inference computing. Demand for inference infrastructure continues growing as organizations deploy larger production AI systems. Therefore, hardware providers increasingly optimize platforms for specialized computing tasks instead of general-purpose processing.
The partnership also reflects broader industry adoption of heterogeneous computing architectures. Companies now combine specialized processors to improve efficiency across different AI workloads. AMD’s after-hours share rebound followed the announcement as the market reacted to the company’s expanded AI infrastructure strategy.
