Litecoin has once again entered the spotlight, but this time, it is not a dramatic price surge capturing attention. Instead, the regulatory landscape is at center stage. The Litecoin Foundation announced that Litecoin is now officially compliant with the European Union’s Markets in Crypto Assets (MiCA) regulation. As the EU rolls out its comprehensive crypto asset framework, this move could strengthen Litecoin’s standing within regulated markets.
MiCA compliance takes priority over price actionAccording to the Litecoin Foundation, Litecoin is now recognized under a legitimate legal framework in the EU and meets MiCA’s requirements. The Foundation, established in 2017, is recognized as a core supporter of the Litecoin ecosystem’s development.
Glossary: MiCA is the EU’s unified regulatory framework for crypto asset issuers and service providers. Its aim is to standardize rules across member states while strengthening investor protection.
The Litecoin Foundation characterized this step as a significant signal of credibility, stronger consumer protection, and increased regulatory clarity.
Despite the major regulatory milestone, market reaction remained muted. At the time the announcement was published, Litecoin was trading at $42.56, marking a 0.35% decline over the past 24 hours. While the news sparked community interest, there was no noticeable upward momentum in the price.
A look at technical charts shows Litecoin consolidating around the $42 range. The cryptocurrency is struggling to push past resistance at $45.12, as investors remain cautious amid broader market conditions. For now, the news alone has not triggered a decisive shift in price action.
Key technical levels shape the outlookFollowing a sharp drop in June, Litecoin’s daily chart reveals a sideways trend. Technical indicators such as On Balance Volume have begun turning upward after recent lows, signaling a possible easing of selling pressure. This suggests a gradual return of buyer appetite could be on the horizon.
Yet, the technical picture has not produced a clear breakout. If Litecoin’s price can surpass and hold above $45.12, a recovery toward higher resistance levels becomes more likely. On the other hand, a dip below the $42 support zone, especially alongside negative overall sentiment, could spark renewed selling pressure.
Derivatives and on chain data confirm cautionMarket analytics reveal that investors have not rushed to reprice Litecoin following the regulatory news; instead, most are maintaining existing positions. According to data from Coinglass, the total open interest in Litecoin futures has remained flat at around $290 million, indicating that new leveraged bets have not entered the market.
IndicatorLevelInterpretationPrice$42.56Trading in a narrow rangeResistance$45.12Critical upside thresholdSupport$42Key level to monitor on the downsideOpen InterestAround $290 millionLimited appetite for new riskLiquidation data from the past 24 hours also reveals no clear dominance between buyers and sellers. DefiLlama figures show active address counts have stayed close to recent averages, suggesting that user engagement on the network remains steady even as prices trade sideways.
Overall, market indicators highlight that investors in Litecoin are seeking stronger confirmation signals before making major moves.
Greater regulatory clarity could support Litecoin’s long term outlook. Still, for any short term price direction to emerge, investors are likely waiting for higher trading volumes and a convincing move above key resistance 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.
Image Credits:Samuel Boivin/NurPhoto / Getty Images China’s Alibaba will ban employees from using Anthropic’s programming tool Claude Code, starting on July 10, according to multiple reports.
Anthropic already prohibits Chinese companies, as well as foreign entities owned by those companies, from using its models. The company has reportedly been working to close loopholes that allow Chinese users to access Claude.
According to a recent Reddit post, some of that loophole-closing involved a version of Claude Code that could secretly identify Chinese users. Anthropic’s Thariq Shihipar said in a post on X that this was “an experiment we launched in March that was meant to prevent account abuse from unauthorized resellers and protect against distillation.” (Distillation is a practice where AI models are trained on the outputs of other models.)
“The team has landed stronger mitigations since then and we’ve actually been meaning to take this down for a while,” Shihipar said.
Nonetheless, Alibaba has reportedly classified Claude Code as high-risk software and is instructing employees to use the company’s own Qoder tool instead.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF, FRA:RR1) says it has significantly simplified the process flow sheet for its phosphogypsum rare earths recovery project, a move expected to reduce costs and improve plant operability ahead of the definitive feasibility study.
Chief executive George Bennett and technical director Dave Dodd joined Proactive to discuss the technical breakthroughs behind the redesign, the remaining DFS work and the project's potential production of high-purity NdPr and heavy rare earth products.
Watch the full interview below and read the transcript underneath.
Proactive: I'm joined by Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) CEO George Bennett as well as technical director Dave Dodd. Gents, very good to speak with you. George, looking very smart today, are you going somewhere?
George Bennett: Yes, I've been invited by the U.S. Embassy in Pretoria to celebrate the Fourth of July with them. Rainbow has a very close relationship with the U.S. government, hence my invitation by the embassy in Pretoria today.
Proactive: David, turning to today's news, you've simplified the flow sheet quite dramatically. What's the biggest technical breakthrough that gave you the confidence to do that?
Dave Dodd: The breakthrough came from understanding how to control the purity of the leach solution from phosphogypsum, particularly the fluorine present in the phosphogypsum stacks. Previously we had a weak acid leach and fluoride recovery circuit ahead of the rare earth leach, but we've established that we can control fluorine simply by adding silica, which complexes with the fluorine so it doesn't affect the rare earth leach. That has allowed us to eliminate a significant part of the process.
We've also introduced continuous ion exchange (CIX) for the primary recovery of rare earths from the leach solution. This replaces a much more complicated process involving fluorine precipitation, acid baking and water leaching. Those two changes have greatly simplified our flow sheet.
Proactive: George, from an investor's perspective, what does the simpler flow sheet actually mean? Lower costs, lower risk or a faster route to production?
George Bennett: The first two are the key benefits. We believe these optimisations have reduced both capital expenditure and operating costs, helping to keep capital within the figures previously communicated to the market in our December 2024 update.
Just as importantly, the plant is now much more operable from both an HSE and operational perspective. Rare earth processing plants are well known for their complexity, and there are very few operating in the Western world. We believe these optimisations have simplified our flow sheet, improving operability, reducing execution risk and helping ensure we achieve both the planned throughput and targeted rare earth recovery from the phosphogypsum.
Proactive: Dave, the project is recovering rare earths from a waste product rather than mining fresh ore. What have been the biggest technical challenges in making that work at commercial scale?
Dave Dodd: One of the keys has been developing a process that uses standard, proven industry technologies, even though we've combined them in a different way. That makes scaling the process relatively straightforward.
The biggest technical challenges have been understanding acid behaviour during the leaching process and managing impurities, particularly calcium. Because we're processing gypsum, which is calcium sulphate, the system is always calcium saturated. Understanding and controlling calcium behaviour has been critical, and we believe we've now developed a strong understanding of those aspects.
Proactive: George, with around three-quarters of the process now locked in, what's left to prove before investors can look forward to the completed DFS?
George Bennett: There's nothing fundamentally left to prove because we're using standard downstream solvent extraction. The remaining work focuses on optimising the interface between the eluate from the Continuous Ion Exchange circuit and the solvent extraction circuit, ensuring impurity levels are exactly where they need to be.
The solvent extraction circuit will produce separated NdPr at more than 99.5% purity, together with our heavy rare earth concentrate. That product contains approximately 60 tonnes per annum of dysprosium, 20 tonnes per annum of terbium and around 130 tonnes per annum of yttrium, all of which are highly sought-after heavy rare earths.
Proactive: George, David, thanks for the update. We look forward to hearing more about your progress. George, enjoy the Fourth of July celebrations.
Delivra Health Brands Inc. (TSX-V:DHB, OTCQB:DHBUF, FRA:3F0) CEO Gord Davey talked with Proactive about the company's launch of LivRelief Itch Cream, a new product designed to provide relief for people suffering from itching associated with psoriasis, eczema, bug bites and skin rashes.
During the interview, Davey explained that LivRelief Itch Cream is based on a patented process and combines itch relief with moisturizing properties to help soothe irritated skin. The product is designed for individuals dealing with persistent itching and skin discomfort, offering support during what Davey described as the "irritable stage" of these common conditions.
Davey highlighted that the cream incorporates Delivra Health Brands' patented delivery system, which is intended to penetrate the skin and help alleviate itching and discomfort caused by constant scratching. He noted that the addition of moisturizing agents is an important feature, helping to support skin health while providing relief.
The discussion also covered the market opportunity for the product. Referencing data from the Canadian Dermatology Association, the interview noted that approximately 17% of Canadians experience some form of itching during their lives. Davey said the company conducts extensive market research before launching new products and develops solutions that respond to consumer demand.
Proactive: Welcome back inside our Proactive newsroom. Joining me now is Gord Davey, CEO of Delivra Health Brands. Gord, it's great to see you again. How are you?
Gord Davey: Hey, as always it's great to see you and excited to speak with you today.
Especially because you're launching a brand new product. Congratulations. This is an itch relief cream, and there are so many people looking for solutions to persistent itching. Tell us about it.
This is really exciting. This is a patented process that we have, and it's called LivRelief Itch Cream. Anyone with psoriasis, eczema, bug bites or rashes can benefit from this product. It helps people get through that irritable stage and also contains a moisturizing agent to help soothe the skin while alleviating itching. It's a wonderful product and we're happy to be launching it very shortly.
I understand the product was developed with people who have sensitive skin in mind. Features like hypoallergenic formulations are important to consumers.
They really are. When people are suffering from these ailments, it's important to find the right product. It needs to help with the itch while also moisturizing the affected area to help prevent the issue from returning. One of the great things about this product is that it uses Delivra's patented delivery system, which gets into the skin and helps alleviate itching and discomfort associated with constant scratching. Again, it's a wonderful product that we're just bringing to market.
The Canadian Dermatology Association says about 17% of Canadians will experience some type of itching during their lives. That sounds like a significant market opportunity.
That's one of the reasons we're making this product. Whenever we develop new items, we conduct market research behind these types of products. This is another patented process from Dr. Joe Gabriel, whose company we acquired. The products we're launching now are ones the marketplace has been asking for. Again, whether it's psoriasis, eczema or bug bites, this is a product designed to help people through those issues.
Talk about the innovation side of the business and your commitment to developing products consumers need.
That's exactly what we do. We are a health and wellness company dedicated to innovation. We focus heavily on market data and market research when developing products, and we will continue to launch new products going forward. This is one we've been working on for quite some time, and we're very pleased that it's finally ready to reach the market.
It's the LivRelief Itch Cream. Gord, thanks for the update.
Thank you very much. As always, it's a pleasure talking to you.
Gord Davey, CEO of Delivra Health Brands.
Quotes have been lightly edited for clarity and style
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) earlier this week announced the completion of technical field scouting work on its M47 exploration licence in Türkiye, advancing preparations for future seismic acquisition and potential oil field development.
Speaking with Proactive, President Scott Lower said the field programme represented an important step in determining the optimal placement of seismic survey lines, which will ultimately guide future drilling locations across the licence.
Lower said the company envisaged substantial long-term development across the block, noting that the objective was to position the project for significant drilling activity over the coming years. He explained that careful seismic planning was essential because drilling represented the largest capital investment in the project and accurate well placement could materially improve the probability of targeting productive reservoirs.
He said the geological complexity of the region, which includes anticlines, folds and thrust structures, made high-quality seismic interpretation particularly important. The latest field work builds upon historical gravity surveys and three earlier seismic programmes while refining areas where previous interpretations remained uncertain.
Lower highlighted the northern portion of the licence as the company's immediate area of interest, stating that it already contains a proven oil discovery. He said 27 million barrels of recoverable oil have been discovered net to Trillion Energy and noted that development planning for the area contemplates more than 50 wells over the next one to two years.
According to Lower, this northern development area is expected to provide the company's initial production as development progresses. Following completion of the geological model, Trillion Energy intends to identify drilling locations designed to maximise reservoir potential.
He added that the planned wells are expected to produce between 500 and 1,000 barrels of oil per day, providing the foundation for future operating cash flow once development commences.
Looking ahead, Lower said the next catalysts for investors include completion of geological modelling, selection of final drilling locations, advancement of the seismic programme and progression toward field development. He also identified first sustainable production as a key milestone as the company works to convert its discovered resource into commercial output.
Custom Health Holdings Inc (TSX:CHLT) CEO Shane Bishop talked with Proactive about the company's technology-enabled pharmacy model, its expansion strategy and the opportunities ahead following its recent TSX listing.
Proactive: Welcome back inside our Proactive newsroom. Joining me today is Shane Bishop, CEO of Custom Health. Shane, great to see you.
Shane Bishop: Thank you. I appreciate the invitation and look forward to the conversation.
Custom Health has an interesting history. It was founded to solve challenges in long-term healthcare. Can you explain how the company began?
I'm a pharmacist by profession, and early on we identified a systemic problem between pharmacy and nursing in long-term care around medication administration. We developed technology to improve the accuracy of that process. That original solution remains part of our business today, but it also became the foundation for expanding our model into patients' homes.
The company has evolved significantly since then. How does Custom Health operate today?
We've built infrastructure that connects pharmacies we own and operate with in-home medication dispensing technology. The device collects patient information up to four times a day, and that information flows into our platform where remote clinicians analyse it. We also integrate with electronic health records and electronic medical records, allowing us to send real-time recommendations to physicians. Our focus is delivering proactive patient care.
What does the patient experience look like at home?
One of our major focus areas is pain management in the United States. We've reduced opioid usage among patients by 27%. Prescriptions are filled through our pharmacies, packaged into specialised medication cartridges and delivered to the patient's home. The dispensing device releases medication at scheduled times, captures an image of the medication for chain-of-custody tracking and asks patients questions, such as their current pain level. About 91% of patients respond. Our clinicians use that information to determine whether medication adjustments may be appropriate and communicate recommendations to physicians to help reduce addiction risk while maintaining effective pain management.
Custom Health recently completed an acquisition. How does that fit into the growth strategy?
We're targeting pharmacy acquisitions in geographies where reimbursement already exists for our model. These are often pharmacies we already work with. Owning the pharmacies gives us greater control over quality and deployment while combining acquisition-driven growth with additional patient volume flowing into the business. We believe that creates an attractive and scalable model.
Will growth primarily come from Canada or the United States?
We expect approximately 80% of our growth to come from the United States because reimbursement for pharmacy-led services is more developed there. Canada also represents an opportunity, but the US will likely remain our primary focus.
The company recently began trading on the TSX under the ticker CHLT. What does becoming a public company mean for Custom Health?
Access to the public markets supports our growth strategy. It allows us to raise equity to expand organically by deploying more devices and building our clinical team, while also strengthening our balance sheet to support pharmacy acquisitions. Public markets also provide flexibility through cash-and-share acquisition structures.
What should investors watch for over the coming year?
Investors should watch for continued growth in key geographies, announcements involving larger healthcare providers and the expansion of our pharmacy footprint. Our strategy combines pharmacy acquisitions with software and technology service revenue, creating a differentiated model that we believe positions the company well for future growth.
Shane, thank you for joining us today.
Thank you. It was great speaking with you.
Quotes have been lightly edited for style and clarity
TLDR; XRP price prediction now depends on whether bulls can defend the $1.13 area and push the token through the $1.28 to $1.29 neckline. XRP has formed two major lows near $1.05 and $1.0092, with weaker selling volume on the second drop suggesting pressure may be fading. CoinGlass data shows XRP futures volume above $2 billion and open interest near $2.54 billion, keeping volatility risk high. XRP-linked ETFs added $59.4 million in June, while the Clarity Act debate still shapes sentiment around crypto market rules. XRP price prediction has moved back into focus after the token reclaimed the $1.13 area and tested early signs of a bullish reversal. XRP is trading near $1.145, up by 4% over 24 hours, with spot volume near $477.5 million and futures volume above $2.19 billion. Open interest stood around $2.54 billion, showing traders still hold large leveraged positions.
The rebound comes after months of pressure across the XRP price chart. Buyers now need a clear move above the $1.29 neckline to confirm the developing double bottom. Without that breakout, the current bounce still sits inside a wider bearish structure.
Source: Coingecko XRP Price Prediction Turns on $1.29 Neckline Breakout XRP first lost the $1.28 to $1.30 support zone in late May. That move pushed the token toward $1.05 in early June, where sellers drove heavy volume. The first drop came with stronger trading activity, showing aggressive exits.
The second low came on June 26, when XRP touched $1.0092. This low moved slightly under the first bottom, which can mark a bear trap. Sellers broke support, yet they failed to hold price under that level.
Volume also gives the pattern more weight. The second drop came with lower selling volume than the early June move. That shift often suggests sellers are losing control, even as price prints a lower low.
The XRP price prediction now centers on the neckline at $1.28 to $1.29. A daily close above that range would confirm the double bottom and open a possible move toward $1.57. That target comes from adding the pattern depth to the neckline.
Source:TradingView Before that, XRP faces resistance near $1.17 and $1.18. The 44-day moving average sits in this zone, while Fibonacci data also points to selling pressure nearby. Holder data shows large XRP clusters between $1.18 and $1.22, which may slow any rally.
ETF Flows and Clarity Act Keep XRP Price in Focus XRP price prediction also depends on whether fund flows keep supporting the market. XRP-linked ETFs added $59.4 million in June, marking a third straight month of inflows, according to SoSoValue data.
Those flows stand out as Bitcoin and Ether funds faced heavier pressure. ETF demand can reduce available supply over time, especially when exchange outflows rise. Still, daily inflows alone rarely move price unless broader market sentiment improves.
Regulation adds another layer to the setup. The Major County Sheriffs of America shifted its stance on the Clarity Act to neutral after concerns around Section 604 were partly addressed. Section 604 relates to protections for non-custodial developers under the Blockchain Regulatory Certainty Act.
The group still wants changes tied to state and local law enforcement resources. That keeps the bill in focus for crypto traders, as market structure rules can affect long-term XRP sentiment.
For now, support sits near $1.00 to $1.13. Resistance stands at $1.40, followed by $1.88 if buyers clear the neckline first. Weekly chart projections point to higher zones near $3.27, $8.17, and $17.16, but those levels need a sustained breakout above recent highs.
XRP activity on Binance recorded an important directional change in June, as wallet behavior moved more toward withdrawals.
Specifically, the Binance exchange’s 7-day net depositing and withdrawing wallet count fell from +26,200 on June 7 to -6,210 on June 30, according to on-chain data sourced by market resource CryptoQuant.
For context, this represents a 32,410-wallet swing over 23 days, which pushes Binance from a period where deposits dominated into one where more wallets are taking XRP off the exchange than sending it in.
XRP Exchange Net Wallets | CryptoQuant Notably, June 30 marks the first negative reading since July 9, 2025, when the figure only dropped to -1,350. The current level of -6,210 is about 4.6x deeper, indicating a much stronger move toward withdrawals than previously seen.
Across other exchanges, withdrawals now appear to outweigh deposits as well, suggesting that fewer participants are moving XRP onto trading platforms. However, Binance still stands out, as the platform remains the only major exchange with a deeply negative net-wallet reading.
What the Data Can and Cannot Confirm Despite the shift in net wallet flow on Binance toward negative readings, the metric has its limits. It tracks the number of wallets moving XRP, not the amount being transferred. As a result, it cannot confirm whether large holders are accumulating.
For instance, a few wallets moving large amounts of XRP would appear similar to many wallets moving smaller amounts. This means the idea of accumulation remains possible, but the data does not directly prove it.
What the data does clearly show is a change in Binance’s flow structure. Essentially, fewer wallets are sending XRP to the exchange, while more are taking it off.
XRP Eyes July Recovery After 22% Drop in June This change in wallet flows happened alongside a decline in price, followed by a modest recovery. XRP began June around $1.30 but dropped by about 22% during the month, reaching a low of $1.01 in late June before stabilizing.
At the start of July, XRP traded between $1.04 and $1.09, placing it near its lowest level since early 2025. Interestingly, since then, the price has improved slightly, rising to $1.13 at press time and recording three straight intraday gains in July.
Amid the rebound push, the $1.00 level continues to act as an important support zone. This area has backing from a strong cost-basis cluster, where about 830 million XRP last changed hands between $1.00 and $1.06. Buyers have continued to defend this range, helping to hold the price above this level.
Binance XRP Reserves Fall to March Lows Meanwhile, the change in wallet behavior matches a decline in Binance’s XRP reserves. The exchange’s holdings dropped from around 2.78 billion XRP on May 12 to about 2.61 billion by July 2, a reduction of roughly 170 million tokens, or close to 6%.
This drop brings Binance’s reserves to their lowest level since March 2026, and shows a gradual reduction in the amount of XRP available for trading on the largest exchange by volume. This sort of decline often comes from steady withdrawals, not short-term changes.
A similar pattern appears on Upbit, though on a smaller scale. Specifically, XRP reserves there fell from about 6.515 billion tokens on May 30 to 6.457 billion by July 2, a decrease of roughly 58 million XRP. Together, Binance and Upbit have seen a combined drop of about 228 million XRP.
Whale-Sized Withdrawals on Coinbase While Binance shows strong overall outflows, Coinbase data reveals who is driving the withdrawals, as larger holders have started to enter the conversation.
Specifically, transactions above one million XRP made up about 10% of total outflow value on June 16, but this share increased to 25.7% by July 1.
The change took place over about two weeks and showed that bigger wallets have become more active in moving XRP off the exchange.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
XRP has regained the $1.13 price level, becoming the focus of short-term market direction after a period of volatility. The token rose nearly 4% in 24 hours to hover around $1.145, with spot trading volume at $477.5 million and derivatives volume surpassing $2.19 billion. Open interest remains elevated at $2.54 billion, highlighting an ongoing appetite for leveraged positions and persistent volatility risk.
Key resistance emerges at $1.29 on technical chartsXRP’s latest recovery attempt follows months of bearish pressure and is seen as a potential turning point on the charts. For buyers to confirm a forming double bottom pattern, the price must establish itself clearly above the neckline in the $1.28–$1.29 range. Until this level is convincingly broken, any upward movement could still be part of a broader downward trend.
After losing support at $1.28–$1.30 at the end of May, XRP fell to $1.05 in early June amid a spike in trading volume that signaled strong selling pressure. The second dip formed on June 26 at $1.0092. Although the price briefly dropped below the previous low, this move did not hold, raising the possibility of a technical bear trap.
A lower sales volume during the second decline suggests that while the price dipped further, selling pressure may be weakening.
Volume data reinforces this perspective: compared with the sharp sell-off at the start of June, the intensity of selling during the second retreat was more contained. In technical analysis, such divergences can indicate a gradual shift in control from sellers to buyers. If XRP rises decisively above the neckline, the double bottom pattern could target a move toward $1.57.
Immediately ahead, the $1.17–$1.18 zone acts as the first resistance, coinciding with the 44-day moving average and suggesting a cluster of selling interest, as also indicated by Fibonacci levels. On-chain holding data implies that significant XRP holdings concentrated between $1.18 and $1.22 might slow further gains.
ETF inflows and regulatory developments shape the outlookETP products tied to XRP drew $59.4 million in inflows during June, marking the third consecutive month of gains, according to SoSoValue data. This comes at a time when Bitcoin and Ether funds are experiencing more pronounced outflows, highlighting comparatively strong investor interest in XRP. While ongoing ETF demand could gradually reduce circulating supply, daily inflows alone may not sustain price momentum in the short term.
Glossary: SoSoValue is a market tracking platform that aggregates data on crypto asset funds and ETF flows. Open interest refers to the total size of outstanding contracts in futures trading and, when high, may increase price volatility.
On the regulatory front, discussions around the Clarity Act are being closely watched. The Major County Sheriffs of America shifted their stance to neutral on the bill after some concerns about Section 604 were partially addressed. This section is linked to the Blockchain Regulatory Certainty Act and aims to offer protections for developers who do not provide custody services.
The Major County Sheriffs of America maintains requests for changes to state and local law enforcement resources, despite some reservations being resolved.
The organization’s continued focus on state and local enforcement resources underlines the ongoing importance of the legislation for the crypto sector. In the near term, XRP’s support zone is closely watched in the $1.00–$1.13 range. A decisive breakout above the neckline could bring $1.40 and then $1.88 into play as resistance levels. Meanwhile, longer-term projections highlight $3.27, $8.17, and $17.16 as potential upside targets, though achieving these would require XRP to break and hold above its most recent highs.
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.
U.S. spot XRP exchange-traded funds (ETFs) returned to positive territory on July 2 after a brief pullback, with Bitwise XRP ETF leading the day’s inflows.
Data from SoSoValue confirmed that July has started with net positive flows. Although inflows have slowed from the record levels seen late last year, institutional interest remains steady.
Bitwise Leads Daily XRP ETF Inflows Specifically, U.S. spot XRP ETFs recorded $6.55 million in net inflows on July 2. Bitwise’s XRP ETF was the only fund to attract fresh capital during the session, bringing in the full $6.55 million. Its cumulative historical inflows have now reached approximately $501 million.
The latest inflow lifted total assets across all U.S. spot XRP ETFs to $988 million. Meanwhile, cumulative net inflows across all issuers also rose to $1.487 billion. The rebound came just one day after the market posted modest outflows.
Franklin’s Gains Couldn’t Offset Bitwise Redemptions On July 1, U.S. spot XRP ETFs recorded $1.86 million in net outflows. Franklin’s XRP ETF (XRPZ) attracted $2.88 million in fresh capital. However, Bitwise’s XRP ETF saw $4.75 million in redemptions, pushing the overall market into negative territory.
Following that session, total XRP ETF assets stood at approximately $961 million. Historical cumulative net inflows reached $1.480 billion.
The return to positive inflows the next day suggests institutional demand remains resilient despite short-term fluctuations.
Monthly XRP ETF Inflows Remain Positive SoSoValue’s monthly data shows XRP ETF inflows have slowed compared with the strong finish to 2025. Even so, funds have continued to attract net positive capital in most months.
Monthly net flows:
November 2025: +$666.61 million December 2025: +$499.91 million January 2026: +$15.59 million February 2026: +$58.09 million March 2026: -$31.16 million (the only monthly net outflow so far) April 2026: +$81.59 million May 2026: +$131.94 million June 2026: +$59.46 million July 2026 (month-to-date): +$4.68 million July has started on a positive note after June’s $59.46 million in net inflows. However, current monthly totals remain well below the record buying seen during the ETFs’ first months.
Even with slower inflows, cumulative net investment has continued to rise. That points to sustained institutional participation.
XRP ETF Monthly Inflow Data | SoSoValue Institutional Demand Persists Despite Derivatives Slowdown The ETF data comes as XRP derivatives markets have cooled. Open interest has dropped sharply from around $1.3 billion to below $150 million. The decline signals a significant reduction in leveraged trading activity.
At the same time, on-chain activity has strengthened. Daily active XRP addresses are up roughly 72% from mid-June, suggesting network usage continues to improve even as speculative trading eases.
Institutional demand has also remained steady. Before the latest July inflows, U.S. spot XRP ETFs attracted $15.34 million on June 29. The trend suggests long-term investors continue adding XRP exposure through regulated investment products despite weaker derivatives activity.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP is climbing while the open interest declines. This suggests that short-covering is driving the move.
XRP seems to be showing one of the more interesting derivatives setups amongst the large-cap altcoins at the moment. On the surface, the price is climbing slowly, while the open interest is falling.
Normally, this would suggest that traders are stepping away from the market. But when this happens alongside a rising net position delta, it might be time to pay attention.
XRP is Rising, Here’s the Bullish Signal to Watch For The current uptrend from the past few days seems to be driven more by the closing of short positions rather than by aggressive new buying, according to an analyst. Put in simple terms, bearish traders seem to be exiting the market, and that short-covering pressure is helping push XRP’s price higher.
This can definitely support a steady move upward, but it is far from being enough for a sustained rally. A true acceleration usually tends to happen when new buyers begin entering the market with conviction.
This is why open interest matters a lot. A decreasing open interest suggests that leverage is being reduced – not added – which is typically a sign of waning conviction.
The daily outlook also supports a cautious bullish bias. XRP closed bullish during yesterday’s trading session, but it still needs to hold it to avoid slipping back into weaker territory. This is why a move toward the resistance at $1.13 remains very important, while stronger momentum could help push it even higher.
Shorts Getting Squeezed That said, the real trigger that traders should watch is the simultaneous increase in both open interest and net position delta. This would suggest that the market is shifting from a state where the increase is driven by closing short positions to one where longs are opening.
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Intraday, the cryptocurrency remains relatively volatile and stuck in a range. If it manages to push above and hold $1.18, this could offer an opportunity for buyers to return with force.
For now, the signal remains rather clear. The bears appear to be loosening their grip, but the bulls have not yet stepped in convincingly.
Ripple (XRP) price is up by 3.37% today, July 4, to trade at $1.13 at the time of writing. These gains come after an investment made by Ripple co-founder Chris Larsen into the American Perpetuals Exchange Corporation (APEC), founded by Senator Kirsten Gillibrand’s son, comes back into the spotlight
Ripple’s Chris Larsen Invests in APEC Exchange A previous report by CoinGape noted that Ripple’s co-founder has made an investment in the APEC exchange. However, he has not disclosed the amount of investment that he made.
Larsen’s investment is drawing attention because the founder of the APEC exchange, known as Theodore Gillibrand, is the son of Senator Kirsten Gillibrand.
Senator Gillibrand recently said that Senators need to ensure that CLARITY Act passes with strong ethics rules to prevent President Trump from profiting off of crypto again after Trump made $1.4 billion in profits from the crypto market in 2025.
According to former FOX Business reporter Eleanor Terrett, Gillibrand is now facing scrutiny for pushing to have ethics rules while her son is launching a derivatives exchange that might create a conflict of interest.
Ethics concerns have been one of the reasons that have made the odds of the CLARITY Act passing in 2026 to drop to 40% on Kalshi.
XRP Price Outlook as Bullish Pattern Emerges The price of XRP has created a bullish double-bottom pattern after the price moved from the support level of $1.02 on June 30 to $1.13 today, July 4.
This bottom pattern has a depth of 25%, and that is how high the price of XRP could rise if it moves above the June 15 high of $1.29.
The AO bars that are green and shrinking in length suggest that bears are losing their grip. This could create room for buyers to come back, who could push XRP price to $1.29.
XRP price has also moved above the middle Bollinger band of $1.22. It now needs to confirm two more daily closes above $1.22 to confirm that bulls have a good grip.
XRP Price Chart However, if the price moves below the middle Bollinger band of $1.22, XRP might drop to the lower band of $0.99.
Futures Data Shows an Ongoing Short Squeeze as ETF Inflows Return Data from Coinglass shows that $7 million in XRP short positions were closed between July 2 and July 4, and the resulting buying pressure saw the price of XRP move from $1.04 to $1.13.
However, the long/short ratio that is at 0.91 per Coinglass data suggests that there are still more short positions than long positions.
XRP Derivatives Data If more short sellers face liquidation, the price of XRP could reach $1.29 like the double pattern suggests.
The $6.55 million in inflows to spot XRP ETFs also supports a bullish long-term XRP price outlook after inflows reached $6.55 million on July 2 after two straight days of outflows.
TLDR XRP gained approximately 3% to reach an intraday peak of $1.11 on July 3 following a rebound from $1.02 recorded on July 1 The Supertrend indicator generated its first buy signal since mid-June, with the previous signal leading to a 14% price surge Exchange-traded fund inflows for XRP restarted Thursday with approximately $7 million following a two-day withdrawal period Ripple initiated payment operations across Europe utilizing MiCA’s provisional CASP authorization structure Critical resistance levels positioned between $1.11–$1.15, while Supertrend support established around $1.05 XRP has successfully reclaimed the $1.10 threshold following a challenging beginning to July. The digital asset reached an intraday peak of $1.11 on July 3, representing approximately 3% growth from the $1.02 bottom established just 48 hours earlier.
XRP price The upward movement coincides with multiple favorable catalysts converging simultaneously — revived institutional buying through ETFs, an encouraging technical development, and additional enthusiasm from Ripple’s geographic expansion efforts.
Crypto analyst Ali Martinez shared on X on July 3 that the Supertrend technical tool had generated a buy signal for XRP for the first time since mid-June. His observation stated: “The last buy signal preceded a 14% rally.” Martinez additionally highlighted that this same indicator accurately forecasted the previous 19% and 16% downturns, lending weight to the current signal’s reliability.
XRP: BUY SIGNAL
The SuperTrend indicator has just flashed a buy signal on $XRP for the first time since mid-June.
The last buy signal preceded a 14% rally.
It has also done an excellent job identifying trend reversals, catching the last two major declines of 19% and 16%. pic.twitter.com/tftPM7EaLC
— Ali Charts (@alicharts) July 2, 2026
Institutional investment flows through ETFs have resumed following a temporary interruption. Following two back-to-back days of capital withdrawals, United States-based XRP exchange-traded funds recorded nearly $7 million in fresh inflows on Thursday. Aggregate inflows have reached $1.49 billion, advancing from $1.43 billion registered on June 1. Combined assets under management average $988 million.
Source: SoSoValue Ripple’s entry into European territories contributed additional optimism to market sentiment. Ripple Payments initiated operations under provisional Crypto-Asset Service Provider authorization through the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This development arrived as certain competing platforms reduced their European service offerings to satisfy MiCA compliance standards.
Market participants predominantly dismissed worries regarding Ripple’s monthly release of 1 billion XRP from escrow, acknowledging that historically the majority of unlocked tokens are returned to escrow rather than distributed into circulation.
Technical Picture Points Higher Examining the daily chart reveals XRP has breached above a downward-sloping trendline that had contained every upward movement since late May. This breakout has recaptured the $1.10 threshold and directed attention toward the $1.12 resistance area.
Source: TradingView The MACD indicator displays a bullish intersection with widening positive histogram readings. The RSI registers in the mid-60s range — demonstrating strength while remaining below overbought territory.
XRP currently trades above both its 50-day EMA positioned at $1.07 and 100-day EMA located at $1.09. The upper Bollinger Band approaching $1.11 represents the immediate resistance barrier, while the 200-day EMA stands at $1.14.
Short Squeeze Potential Builds CoinGlass liquidation information reveals a concentrated grouping of short positions positioned directly above the current trading range, between $1.11 and $1.12. XRP has already started penetrating this zone.
An additional concentration of leveraged short positions exists near $1.14. Should purchasing momentum persist, mandatory short liquidations could propel prices higher toward that threshold.
Futures Open Interest registers at 2.2 billion XRP on Friday, modestly elevated from 2.18 billion recorded the previous day, remaining beneath the June maximum of 2.28 billion XRP.
Blockchain data from Santiment indicates XRP’s average trading returns have declined to their lowest level in approximately 12 years, positioning numerous holders in unrealized loss territory.
Ripple's CTO Emeritus, David Schwartz, has joined in on a fresh debate about crypto network fees after an old XRP discussion resurfaced, sparking reactions across the XRP community.
The debate was triggered by a fresh post from the same X user who issued the 2024 XRP commentary that referenced a Forbes article discussing Ripple's and XRP's early vision to offer low-cost payment solutions.
David discusses crypto network feesThe post, which looked back at Ripple's growth journey, pointed at how early blockchain leaders Jed McCaleb, Arthur Britto, and David Schwartz envisioned XRP as part of a new financial system focused on speed and low transaction costs.
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Moreover, it questioned whether XRP had delivered enough real-world value, arguing that its market value looked high compared with network fees and activity.
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While the post had also discussed crypto network fees while briefly criticizing XRP's utility, it reignited the common debate about whether expensive networks are stronger because users are willing to pay more to use them.
This triggered reactions from Ripple's CTO Emeritus, who argued that the idea that higher network fees are somehow better for the health of the crypto ecosystem is "truly bizarre".
XRP's utility questionedAlthough the post did not directly criticize XRP, it indirectly criticized XRP's utility, questioning whether XRP is generating enough utility and value.
Also, the Forbes article appears to have been warmly received by critics pushing the narrative that higher activity often generates higher fees.
While low fees are part of XRP's original design philosophy, the post tends to negatively influence how XRP is viewed, marking it as a weakness for the asset.
Schwartz has asserted that XRP's low network fees should be regarded as a strength, not a weakness, and that high fees should not be treated as a sign of a healthier ecosystem.
Nine Consecutive Weeks of Net InflowsUS spot $XRP ETFs have logged another week of positive flows, absorbing $17.19M in net inflows over the period according to SoSoValue data cited by @BSCNews. The result extends the streak to nine consecutive weeks of net inflows, a run that has played out even as the broader token price has faced headwinds.
Notably, the weekly total held up despite two individual days of net outflows within the same period, pointing to resilient baseline demand from investors using the ETF wrapper to gain exposure to $XRP.
Context: A Persistent Inflow Trend XRP spot ETFs have drawn net inflows for several straight weeks, pushing the cumulative total past $1.47 billion since their November 2025 launch. The products launched to strong early demand, and the inflow run has continued even through periods of price weakness for the underlying token.
Spot XRP ETFs absorbed net inflows for consecutive weeks while the token fell, which is the opposite of the reflexive "price up, flows up" loop that usually drives these products. Consecutive weekly inflows during a price drawdown point to accumulation rather than momentum chasing, since allocators are adding on weakness instead of buying strength.
The five US-listed spot XRP ETFs have seen Franklin Templeton's XRPZ, Bitwise's XRP, and Grayscale's GXRP among the leading contributors to inflows in recent weeks, according to SoSoValue data. Retail investors account for 84% of XRP ETF inflows, while larger institutional capital remains a key variable to watch.
The latest weekly figure of $17.19M is modest relative to the peak weeks earlier in 2026. XRP ETFs posted a 2026 weekly record of $60.5 million in inflows during the week ending May 15, even as Bitcoin and Ethereum saw significant outflows in the same period. The current pace is more measured, but the unbroken streak of positive weekly flows remains the headline for the asset class.
Sources:
XRP's ETF Inflow Streak: 24/7 Wall St.
Spot XRP ETFs Attract Biggest Inflows Since January: CoinDesk
Will XRP Break Its Downtrend in July 2026: Phemex
XRP has rebounded above the $1.10 threshold following a sluggish start to July. The cryptocurrency climbed from its intraday low of $1.02 on July 1 to reach as high as $1.11 during trading on July 3, logging an approximate 3% gain over two days.
Technical signals and institutional flows drive momentumSeveral factors fueled this upward movement in XRP. Renewed institutional demand through ETFs, optimistic technical indicators, and Ripple’s launch of payment operations in Europe combined to strengthen market sentiment.
Crypto analyst Ali Martinez highlighted on July 3 that the Supertrend indicator flashed a buy signal for XRP for the first time since mid-June. He noted that the previous buy signal from this tool preceded a 14% rally, and the Supertrend indicator had accurately signaled the last two major corrections of 19% and 16%, respectively.
Ali Martinez stated that the Supertrend indicator on XRP gave its first buy signal since mid-June, and the last such signal came before a 14% increase.
The Supertrend is a technical analysis tool that tracks price trends and potential reversals. It produces buy or sell zones based on whether the price crosses above or below a defined volatility band.
Mini glossary: The Supertrend is an indicator used to monitor price direction and potential trend breaks. It typically operates with an ATR-based calculation and highlights support and resistance levels during periods of heightened volatility.
After two days of outflows, US-based XRP ETFs recorded a net inflow of roughly $7 million on Thursday. Total ETF inflows have risen from $1.43 billion on June 1 to $1.49 billion, with average assets under management currently standing at $988 million.
IndicatorLevelJuly 3 intraday high$1.11July 1 low$1.02Thursday ETF inflowApprox. $7 millionTotal ETF inflows$1.49 billionRipple’s European move and key price levelsRipple has launched its Ripple Payments operations across Europe after receiving a temporary Crypto Asset Service Provider authorization under the European Union’s MiCA regulatory framework. Known for its cross-border payments infrastructure, Ripple expanded in a period when some competitors contracted services in response to MiCA compliance demands.
With the temporary MiCA authorization, Ripple began payment operations in Europe, further boosting optimism in the market.
Concerns surrounding Ripple’s scheduled unlocking of 1 billion XRP each month remained limited. Most investors have noted that the majority of these released tokens are typically returned to escrow accounts, reducing the risk to the broader market.
On the daily chart, XRP managed to break above the downward trendline that had capped gains since late May. The $1.10 level has been reclaimed, with $1.12 now serving as a nearby resistance. MACD is showing a bullish crossover, while RSI sits in the mid-60s, signaling that XRP has not yet entered overbought territory.
Short position pressure in the spotlightXRP is trading above both its 50-day exponential moving average ($1.07) and 100-day EMA ($1.09). The upper Bollinger band approaching $1.11 highlights the primary resistance area, while the 200-day EMA hovers at $1.14.
Data from CoinGlass shows a significant accumulation of short positions between $1.11 and $1.12, with additional short clustering around $1.14. If buying momentum persists, forced short covering could propel XRP’s price toward these levels.
In futures markets, open interest measured 2.2 billion XRP on Friday, slightly above the 2.18 billion seen the day before but still below the June peak of 2.28 billion XRP. According to Santiment data, average realized returns in XRP are now at their lowest point in roughly 12 years, indicating that a substantial number of investors are holding paper losses.
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 crypto industry has been debating the prospect of quantum computing for months now. This debate intensified as XRP Ledger engineer J. Ayo Akinyele said that quantum computing could start to pose a serious threat to blockchain security before many realize.
XRP Ledger Engineer On Quantum Risks Against Crypto In a recent interview with CoinGape’s CEO Sunil Sharma on the Voice of Web3 podcast, Akinyele revealed that he had to adjust the quantum computing timeline to account for recent advancements in AI.
“The thing that has changed my perspective on that is the introduction of AI to help with building quantum computing hardware that is reliable. Nvidia released their open source models in this direction that I think really didn’t get a lot of attention. But, I think in the coming months and years, we’ll see the fruits of the investment that they’re making on that side. That may speed up that possibility,” he said.
The XRP Ledger engineer’s remarks follow the signing of two executive orders by U.S. President Donald Trump. The orders call for Federal agencies to speed up the nation’s ability to develop quantum computers. It also aims to enhance cybersecurity protections against future attacks from quantum computers.
It is believed that certain computational tasks will be much faster on quantum computers, compared to the conventional ones. Although still in development, the technology could, in the future, degrade the cryptographic algorithms used to secure internet infrastructure, such as blockchain networks, digital wallets, and more.
Also, the field is advancing rapidly, says Akinyele, because of enhancements in the research of software, making earlier estimates less definitive.
“With the research that’s ongoing, I think my timeline has shifted from 2035 or 2030 to, you know, it could be 2029. It could be 2028,” the XRP Ledger engineer noted.
He believes it hinges on how the research progresses. It’s just really dependent on the progress that’s being made on the research side. I’m more on the pessimistic side that we may see this happening sooner than we’d like,” Akinyele noted.
A Look Into The AI Factor Although many researchers believe that the road to the practical quantum computer is still years away, Akinyele pointed out that AI might speed up the process even more.
“I’m just a little more pessimistic in the sense that I’m betting that there may be more progress because of AI than we would like that could change how quickly this can happen. Because of that assumption, I would prefer to be proactive in dealing with the threat rather than wait to find out,” the XRP Ledger engineer added.
His comments come as part of a crypto stakeholders demanding that the digital asset industry adapt to the future when it comes to quantum computing threats. These include repeated warnings from Capriole Investments founder Charles Edwards, who has urged Bitcoin developers to prepare for future quantum risks.
The Capriole founder remarked, “Quantum Computing is probably the most undervalued asset class in the world by orders of magnitude.”
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David Schwartz, Ripple’s longtime CTO now serving as CTO Emeritus, has stepped into a revived debate burning through the XRP community about the network’s transaction fees. Sparked by the resurfacing of an old assessment of XRP, the discussion is now focused on whether low transaction costs are an advantage or a potential weakness for a cryptocurrency ecosystem.
The classic XRP fee debate reignitedThe controversy traces back to a comment about XRP posted earlier in 2024. That post referenced a Forbes article analyzing Ripple’s early vision and foundational goals for XRP. The article reminded followers that XRP was created as part of a broader ambition to deliver fast, low-cost payment solutions for the modern financial system.
The discussion further highlighted Ripple’s growth story. Early developers Jed McCaleb, Arthur Britto, and David Schwartz were credited with building XRP around a core philosophy of speed and minimal transaction costs. Yet the same commentary questioned whether, even with these features, XRP’s real-world market value was matched by tangible utility and network activity.
XRP’s low transaction fees should be seen not as a weakness but as a clear strength. It’s genuinely strange to view high fees as a sign of a healthier ecosystem.
Schwartz stands up for low fee philosophySchwartz took a direct stand against the popular argument that costly blockchain fees signal a stronger crypto network. Having served as Ripple’s technical lead for years, Schwartz emphasized that low fees are a foundational part of XRP’s design philosophy—and this should be seen as a positive feature, not a drawback.
This position brings to the surface a recurring divide within crypto circles. Some commentators believe that networks where users are willing to pay higher fees are a sign of higher demand and, by extension, a healthier ecosystem. On the other hand, advocates of low-cost networks argue that affordable transactions enable greater adoption and usability, positioning the chain as more effective for daily use.
Ripple, widely recognized for cross-border payment infrastructure and institutional finance solutions, developed XRP with a clear focus on rapid settlement and minimal transaction costs. The current debate zeroes in on whether this design decision is viewed by markets as a benefit or a detriment—and how that perception shapes value.
Is utility or value at the center of criticism?While the revived post didn’t attack XRP directly, it opened the door to questions about the relationship between practical use cases and the token’s market capitalization. In particular, the fact that XRP’s network activities and fee revenues remain relatively low has led some in the industry to question whether the asset delivers genuine utility.
Countering this, Schwartz argued that high fees alone cannot meaningfully indicate either network strength or quality. In his view, a blockchain that is efficient, fast, and affordable provides a much sturdier foundation for serving users’ needs.
The presence of higher fees simply because network activity increases does not mean those fees are inherently a positive outcome.
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.
XRP has made its way into Australia’s financial parliamentary record. In the Australian Parliament’s Register of Members’ Interests, Labor MP Sally Sitou indicated her only cryptocurrency holding is XRP with local exchange CoinSpot.
Australian MP Lists XRP The filing identifies the digital currency as “Cryptocurrency (Ripple).” No Bitcoin and no Ether. Only XRP, included in the financial records of one of the world’s 15 largest economies.
The filing also shows that Sitou has physical gold through ABC Bullion and holds a wide-ranging portfolio of Australian and U.S. equities like the Commonwealth Bank, BHP, Meta Platforms and Costco. XRP is currently the sole listed digital asset.
Australian MP XRP Filing This disclosure sits inside a broader shift in how Australia treats crypto. The country’s Digital Assets Framework Bill Passed Parliament in April 2026, requiring exchanges and tokenized custody providers to obtain an Australian Financial Services License. Ripple is already pursuing that license, an early sign of its intent to entrench itself in the country’s regulated market.
Australia’s approach to regulation has changed significantly. In under a year, the nation moved from years of legislative silence to a well-organized licensing system for crypto firms.
The shift provides Ripple, the company behind XRP, an obligation as well as an opportunity. The moved has drawn wide attention on X, citing a continuation in adoption.
🚨🇦🇺 AUSTRALIA MAKES XRP OFFICIAL 🇦🇺🚨
Australia has officially disclosed XRP holdings in a Member of Parliament’s Register of Interests.
XRP is now publicly listed as part of a lawmaker’s financial assets in one of the world’s largest economies.
Adoption continues. 👀 pic.twitter.com/gJmALhkHYE
— John Squire 🇺🇸 (@TheCryptoSquire) July 4, 2026
White House Official’s XRP Filing & XRP’s Track Record Sitou’s revelation was not the only one capturing attention. Ian Kelley, who serves as the War Room Director at the White House and is also a Special Assistant to the President, reported XRP in a public financial filing after his appointment in January 2025.
His filing places the holding in a Coinbase wallet, valued between $1,001 and $15,000. Unlike Sitou, Kelley holds a broader crypto portfolio, Bitcoin, Ethereum, Solana, Chainlink, and Cardano all appear alongside XRP.
Each asset in Kelley’s portfolio falls within the same $1,001 to $15,000 disclosure range. Neither filing reveals the exact number of tokens held. But both put XRP on the record in two separate governments on two separate continents.
Political financial disclosures carry weight. They are sworn documents. When a lawmaker or White House official lists an asset, it signals more than personal preference, it normalizes that asset within the official financial order.
For XRP, appearing in two such filings in a single week adds to a growing pattern of political legitimacy. The company’s pursuit of an Australian Financial Services License shows it is tracking the regulatory door as it opens.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Attorney and XRP enthusiast Bill Morgan reveals what he thinks is XRP's biggest strength: its escrow.
Morgan says users only need to understand its escrow to know why XRP will continue to be a successful asset, with all other amendments and capabilities just adding more value. He added that the escrow set up by Ripple on the XRP Ledger is a great example of how it was used to stabilize the price and reassure the market that Ripple would act responsibly in distributing its vast holdings of XRP.
According to XRPScan, 32,444,984,760 XRP is currently in escrow, with 67,526,296,210 XRP now in circulating supply.
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In a separate post, Morgan highlighted the decline in XRP escrow as Ripple continues its 1 billion token unlock every month. He noted that about a year ago, the amount of XRP in escrow was just under 36%.
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Currently, it is below 32.5% (out of a total of 99,985,640,485 XRP available), which is not surprising given that Ripple does not re-lock about 300 million XRP per month. Morgan predicts that if this trend continues, there will be less than 29% in escrow by next July.
In a recent milestone, nearly a million agent transactions have settled through the XRP Ledger x402 facilitator.
40% to go for XRP Ledger fix upgradeThe fixCleanup3_2_0 amendment, which bundles bug fixes affecting Single Asset Vaults, the Lending Protocol, the permissioned DEX, Multi-Purpose Tokens, and permissioned domains, is currently in voting and has reached 40% consensus according to recent XRPScan data. This means that it still needs another 40% to attain the 80% threshold and achieve the majority required to enter the activation period.
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Version 3.2.0 of xrpld, a cleanup and maintenance release, introduces the fixCleanup3_2_0 amendment, which is a collection of fixes for various features.
The fixCleanup3_2_0 amendment adds precision and rounding fixes for Single Asset Vaults and the Lending Protocol. It fixes the 'ValidPermissionedDEX' invariant firing on a valid offer deletion, validates non-canonical Multi-Purpose Token amounts, and adds a zero DomainID check for permissioned domains. The amendment also adds the invariant 'AccountRootsDeletedClean,' which checks that a deleted account does not leave any directly accessible artifacts behind.
Here's what the company announced on the 250th birthday of the US.
As the world’s most powerful economy and the widely regarded leader of the free world celebrates its 250th Independence Day, various initiatives are emerging to contribute in some way, including one from Ripple.
The company behind the popular XRP altcoin announced that it has joined a nonprofit helping unemployed veterans to get high-quality jobs after their military service.
The organization, called Call of Duty Endowment, said it has already funded over 165,000 veterans, but explained that there’s still a high unemployment rate among the younger generation, which means that there’s “still more work to do.”
It wants to find jobs for 200,000 veterans by 2030, and Ripple has joined the special initiative for the 250th birthday of the US, called Giving4th.
The idea is to make Independence Day a national day of charitable giving. The company said it will match donations made to the Call of Duty Endowment of up to $10,000.
People who want to participate can use cash, stock, or cryptocurrencies, including Ripple’s two native tokens, XRP and RLUSD.
Ripple is joining #Giving4th — @America250‘s new movement to make Independence Day a national day of charitable giving.
We’re matching donations to @CODE4Vets up to $10K. CODE funds the most effective organizations helping veterans get back to work, preparing them for the job…
— Ripple (@Ripple) July 4, 2026
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About the author
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.
Not many assets can post an 8% rally while a record share of holders sit deep in the red. That was the picture for XRP on Saturday, as a bounce pushed the token higher even as on-chain data showed losses had stretched to extremes never before recorded. According to the original report, the 30-day and 365-day Market Value to Realized Value (MVRV) ratios for XRP hovered near -45% and -47%, thresholds that analytics firm Santiment noted the token had never breached. For a portion of the market, those levels looked less like a warning and more like an invitation.
The Signal That Caught Traders’ Attention MVRV is a fixture in the on-chain analyst’s toolkit. It compares an asset’s market capitalization to its realized capitalization, effectively measuring whether the average holder is in profit or loss at current prices. Deeply negative readings mean that a broad swath of the market is underwater, and historically, extremes in either direction have carried meaning. Sky-high MVRV can signal overheating; deeply negative MVRV can reflect exhaustion and a potential floor. What made the latest XRP print stand out was its unprecedented scale. A 365-day MVRV near -47% is not simply a dip into the red. It is a signal that the average buyer over the past year is sitting on losses far in excess of what previous cycles produced, even during the token’s most punishing drawdowns.
Traders who lean on contrarian models often treat such stretches as a cue that risk-reward has tilted in favor of buyers. The logic is straightforward: if the bulk of the market is already at a severe loss, incremental selling pressure may fade, leaving room for a short-squeeze-like bounce even without a fundamental catalyst. That dynamic appeared to play out as XRP’s 8% climb outpaced many altcoins in a quiet weekend session.
Why This Time Could Be Different—or Not Relying on a single metric, no matter how historically powerful, carries obvious risk. XRP’s market structure includes an overhang that pure on-chain data does not capture. The token’s multi-year entanglement with U.S. securities regulators, intermittent exchange delistings in certain jurisdictions, and a retail base that can be quick to rotate out have all meant that oversold readings do not always resolve into sustained uptrends. Liquidity remains thin compared to top-tier layer‑1 assets, so moves can fizzle just as fast as they ignite. The record MVRV lows tell us where the pain sits, but not when—or whether—it will lift.
What the data does make clear is that previous XRP dips stopped before reaching this degree of holder loss. Whether that becomes a floor or a new baseline depends on broader risk appetite and the flow of speculative capital back into altcoins. For now, buyers who stepped in are betting that the most stretched downside in the token’s history leaves more room for price to recover than to fall.
On-Chain Data Gains Weight in Altcoin Trading The XRP move fits into a wider shift. Traders who once relied mostly on price charts and exchange order books now routinely pull MVRV, dormant supply, and wallet cohort data into their decision-making. Santiment’s work on XRP is part of a trend where on-chain signals increasingly drive short-term positioning, especially in large-cap altcoins where holder behavior can be tracked with reasonable accuracy. XRP’s 8% jump placed it among the notable altcoin movers this week, a list that also included TON and SIREN according to recent gainers data.
Whether the bounce sticks will come down to follow-through volume and whether the record MVRV lows attract more than just the nimblest traders. A signal this loud has never fired for XRP before, and for a token long accustomed to polarizing market narratives, that alone is enough to keep the tape busy.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Securitize, one of Ripple’s strategic partners, has made headlines by becoming the first tokenization company to go public on Wall Street. This pivotal milestone is widely seen as a crucial step forward in bridging blockchain-based financial infrastructure with traditional capital markets.
A turning point for institutional finance and blockchainAccording to market analyst Diana, the listing of Securitize on a public exchange marks a defining moment for the tokenization of real-world assets. She notes that this event highlights the growing confidence institutional investors are placing in blockchain-based financial systems, as tokenization moves beyond its trial phase and cements itself in mainstream finance.
Securitize’s public offering demonstrates that institutional trust in real-world asset tokenization is rising, showing that this space has moved past its experimental stage.
Securitize has emerged as a leading platform for issuing, managing, and trading traditional financial assets on the blockchain. With its infrastructure that creates digital representations of securities, the company is gaining prominence among institutional product providers.
The platform is already powering major institutional products, including BlackRock’s BUIDL fund and VanEck’s tokenized US Treasury bill fund VBILL. This development further strengthens Securitize’s position at the heart of the sector.
InstitutionProductAreaBlackRockBUIDLTokenized fund infrastructureVanEckVBILLTokenized US Treasury bill fundRipple partnership becomes more prominentSecuritize’s relationship with Ripple has also drawn more attention lately. After Ripple acquired Hidden Road for $1.25 billion, Securitize began participating in tokenized collateral initiatives linked to the deal.
Simultaneously, Ripple’s stablecoin RLUSD has started gaining traction in institutional settlement operations. The XRP Ledger is expanding its use cases as a blockchain network specifically developed to support tokenized assets and institutional-grade financial applications.
Glossary: Tokenization refers to the digital representation of traditional assets—such as bonds, fund units, or real estate—on the blockchain. RLUSD is a US dollar-indexed stablecoin developed by Ripple for use in institutional payments and settlement processes.
Diana emphasizes that as banks, asset managers, and financial institutions increasingly embrace tokenization, trillions of dollars’ worth of assets—from government bonds and private credit to money market funds, equities, and real estate—could eventually migrate to blockchain infrastructure.
Institutional interest continues to growDiana believes these developments are not isolated events, but part of a broader transformation reshaping global finance. In her view, platforms like Securitize and infrastructure providers such as Ripple and the XRP Ledger could take on central roles in the new era of digital capital markets.
Momentum among institutional players appears to be accelerating. Leading global financial institutions are actively exploring tokenization models to make asset issuance, settlement, and management more efficient.
JPMorgan also recently described tokenization as one of the most promising trends in modern finance. The XRP Ledger is increasingly being mentioned as a blockchain network considered for institutional tokenization initiatives.
These developments are steadily accelerating the transformation of blockchain from a nascent technology into a core pillar of global financial infrastructure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP jumped more than 8% as the crypto market showed some real catch-up energy heading into the July 4th weekend.
According to Santiment, most cryptocurrencies are no longer just watching equities hold up while they lag behind. After weeks of fear, ETF outflows, whale hesitation, and weak sentiment, buyers are finally stepping back in near key support. Most cryptocurrencies, including XRP, are trading higher on July 4.
XRP rose from the $1.02 low on July 1 after being stuck in a range between $1.00 and $1.07 for several days, marking the fourth straight day of gains since that date.
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Profitability indicators forecasted the current XRP rise, with all-time lows recorded for XRP average returns, hinting at a relief rally.
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XRP's 30-day and 365-day MVRV fell to about -45% and -47%, respectively, meaning that both short- and long-term investors are well underwater.
Santiment mentioned that, when taken together, XRP has never seen lower average returns in these timeframes in its more than 12-year trading history, indicating extreme fear. In the last seven days, XRP is up more than 8% as traders interpreted stretched losses as a contrarian signal.
XRP forms golden cross against BitcoinThe recent price increase has allowed XRP to gain strength against Bitcoin, with a golden cross setup appearing on the 2-hour BTC chart.
XRP/BTC 2-Hour Chart, Image By TradingViewThe 2-hour 50 MA has risen above the 200 MA, resulting in a short-term golden cross signal even as bullish momentum increases. XRP saw a sharp spike against Bitcoin in the July 4 session, reversing a downtrend from mid-June. The price remains in the $1 range, trading at $1.14 after hitting a 19-month low of $1.01 back on June 25.
Price disappointment hasn't reduced interest in XRP, on-chain data suggests. This week, the XRP Ledger saw 4,941 new wallets created in one day, the strongest network growth spike in over three months, indicating new users are stepping in despite sluggish price action.
The $1.00–$1.05 range is taken to be a likely dip-buy area, with sentiment reaching a 3-month high in FOMO.
Bitcoin rebounded near $62,000 after recovering from last week's lows, supported by optimism over Federal Reserve policy. Ethereum and major altcoins also gained, though investors remain cautious amid inflation, geopolitical tensions, energy prices and mixed ETF investment flows.
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AgenciesBitcoin climbed toward $62,000 while Ethereum and major altcoins advanced as easing Fed expectations improved sentiment despite persistent macroeconomic and geopolitical uncertainties.
Bitcoin is trading close to the $62,000 mark, recovering from around $58,000 a week ago. Despite the rebound, investors remain cautious as inflation, Middle East geopolitical tensions, energy prices and ETF flows continue to shape market sentiment.
In the past 24 hours, Bitcoin was up 1.37% and Ethereum was up 2.30% to trade at $1,754 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano gained upto 6.83%.
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Nischal Shetty, Founder, WazirX said the prospect of a more accommodative Federal Reserve policy helped improve sentiment across risk assets, allowing Bitcoin to recover above the $60,000 mark, while Ethereum also benefited from renewed institutional interest as spot ETFs recorded fresh inflows.
Shetty further said that from a technical perspective, Bitcoin continues to hold the $60,000-$61,000 support zone, with $63,000-$64,000 emerging as the next key resistance. For Ethereum, traders are watching $1,650-$1,680 as immediate support, while $1,750-$1,800 remains the next major resistance area.
In the past week, Bitcoin and Ethereum were up 3.62% and 11.05%. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano rallied upto 19.16%.
Harish Vatnani, Head of Trade, ZebPay said Bitcoin rebounded after finding support at its recent double-bottom formation near $58,000 last week. Despite the recovery, the daily RSI remains below the 50 level, indicating that the broader momentum is still negative.
“Ethereum found support at its double-bottom formation near the $1,505 level and has rebounded sharply. The daily RSI has crossed above the 50 mark, reflecting improving bullish momentum”
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Vatnani further said that Ethereum and Solana investment products continued to attract inflows, while Bitcoin ETFs recorded net outflows of more than $290 million, reflecting a shift in institutional investor sentiment.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Key Highlights Ethereum reached approximately $1,715 on July 3, posting gains exceeding 6% over a 24-hour period A seldom-seen monthly TD Sequential buy indication has emerged, previously appearing before significant price surges in 2022 and 2025 United States spot Ethereum ETFs registered $29.08 million in net positive flows on July 2, with BlackRock’s ETHA at the forefront Market observer Daan Crypto Trades identified $1,750 as a critical threshold, characterizing it as a crucial test for ETH’s ability to overcome its downward trajectory Binance ETH withdrawal activity reached a three-year peak, although positive exchange netflow continues to indicate potential selling pressure Ethereum successfully reclaimed the $1,700 mark on July 3, hovering around $1,715 following a robust rally that delivered over 6% gains within a single day. This upward movement returned ETH to a price point that market participants have been monitoring intently following several weeks of sustained downward pressure.
Ethereum (ETH) Price The resurgence coincided with renewed capital entering U.S. spot Ethereum ETFs. According to data from SoSoValue, these investment vehicles captured $29.08 million in aggregate net inflows on July 2. BlackRock’s ETHA product dominated the inflow activity with $29.74 million, whereas Grayscale’s ETHE experienced withdrawals totaling $2.75 million.
Market analyst Daan Crypto Trades shared his perspective on the price action through social channels. He observed that ETH had posted a 10% weekly gain and was challenging the February bottom around $1,750. He characterized this zone as an essential level for reclamation, stating it would “signal some strength.” He further explained that this identical area confirmed a structural breakdown in 2025, lending it historical significance. He acknowledged he held no firm conviction yet and was observing how price action unfolded around resistance at the session close.
$ETH Meanwhile pushing up 10% on the week and retesting that February low at ~$1750 again.
This is a key level to retake and would signal some strength to me. So the question now is whether this is just another lower high in this down trend or the start of something bigger. This… https://t.co/xVT7xRqAwV pic.twitter.com/20Fo4oBawE
— Daan Crypto Trades (@DaanCrypto) July 3, 2026
Ethereum simultaneously generated a monthly TD Sequential buy indication — an uncommon technical occurrence. Market analyst Ali Charts suggested the signal reflects exhaustion among sellers on an extended timeframe. Historical monthly buy signals preceded rallies of 235% in 2022 and 182% in 2025. While the indicator doesn’t validate a fresh bullish trend, it has captured attention among technical market participants.
ETHEREUM: BULLISH REVERSAL SIGNAL
The month of July has officially kicked off with a massive technical signal. The Tom DeMark (TD) Sequential indicator has just printed a buy signal on Ethereum’s monthly chart.
While a lot of volatility can play out within a newly opened… https://t.co/LNkygeYlUV pic.twitter.com/U8t1iKl3Th
— Ali Charts (@alicharts) July 2, 2026
Technical Assessment The MACD histogram registers positively at 19.33, with the MACD line crossing above its signal counterpart. Nevertheless, both indicators remain positioned below the zero threshold, indicating the trend hasn’t completely inverted. The RSI advanced to approximately 51.85, climbing above its moving average of 38.12 and surpassing the neutral 50 benchmark.
Ethereum bounced from a double-bottom formation near $1,565. Immediate resistance is positioned at $1,800, with $2,000 representing the next major obstacle. A concentration of liquidity around $1,740–$1,750 sits just above the current trading range, potentially acting as a magnet for short-term price action.
Market commentator Crypto Patel highlighted that ETH just completed its inaugural streak of three consecutive red quarters since inception — an unprecedented occurrence in Ethereum’s trading history.
For the First Time Since Launch, $ETH Just Recorded Its First-Ever Three Straight Red Quarters.
A Rare Chapter in Ethereum's Market History. pic.twitter.com/IprrGHofjE
— Crypto Patel (@CryptoPatel) July 4, 2026
On-Chain Metrics and Derivatives Analysis Open interest expanded 10.64% to reach $24.54 billion, while ETH trading volume increased 14.48% to $44.74 billion. Funding rates jumped 113.86%, demonstrating that leveraged long positions proliferated throughout the rally.
CryptoQuant analyst Darkfost documented that Binance ETH withdrawal transactions achieved their highest count in three years, exceeding 166,000 within a 24-hour window. Concurrently, analyst PelinayPA observed that Binance ETH exchange netflow remained positive at +12,938 ETH, indicating more ETH deposits than withdrawals from the platform.
Institutional participation persisted. BitMine maintains holdings exceeding 5.7 million ETH following an acquisition of 27,084 ETH. SharpLink secured an additional 10,000 ETH valued at $16.1 million during the recent price decline.
The crypto market had an eventful week between June 29 and July 3, with Bitcoin reclaiming $62,000 while Ethereum moved to $1,700. The meme coin market cap also moved from $22 billion on June 29 to $26 billion on July 4.
Amid these gains, four events stood out that caused volatile price movements not only for crypto prices but also for crypto stocks like Strategy (NASDAQ: MSTR) and Circle (NYSE: CRCL).
Strategy Unveils a $1.25B BTC Monetization Plan as MSTR Price Soars Strategy released a statement on June 29 saying that the company might sell $1.25 billion worth of Bitcoin to fund its USD reserve.
The Bitcoin treasury firm also says that part of the money that comes from selling Bitcoin would go towards buying back STRC and MSTR stocks.
This plan by Strategy to monetize $1.25 billion worth of Bitcoin saw the price of MSTR stock price move from $85 on June 29 to close trading at $100 on July 2.
MSTR Stock Price The STRC stock price that had caused concerns across the crypto market for crashing to $71 on June 26 also gained by 22% to close trading at $87 on July 2.
Strategy did not buy any Bitcoin in the week between June 29 and July 3. However, data from SaylorTracker shows that the company still holds 847,363 BTC.
Trump Reveals $1.4B in Crypto Market Earnings as Concerns Emerge President Donald Trump disclosed on July 1 that he made $1.4 billion in profits from the crypto market in 2025.
Trump also generated $635 million from the royalties paid out to him for launching the TRUMP meme coin in January 2025.
This financial disclosure raises concerns that the SEC might crack down on meme coin issuers, causing spot DOGE ETFs to post $871,000 in outflows on June 2.
Trump’s disclosure has also made the odds of the CLARITY Act passing in 2026 drop to 40% on Kalshi as Senator Elizabeth Warren says that President Trump and his family need to stop benefiting from crypto.
However, Trump maintains that he did not do anything illegal because he has other people who make investments on his behalf.
MiCA Crypto Market Laws Go Live, Locking Out Many Crypto Firms Crypto companies operating in the EU were required to comply with the Markets in Crypto Assets (MiCA) guidelines on July 1, and the Financial Times reported that only 12% of these companies managed to comply before the deadline.
Binance had already urged its users in the EU to take funds out of the exchange after failing to get a MiCA license in Greece.
Coinbase and OKX, which have already received the MiCA license, scrambled to take over the users who were left in limbo after the exit of Binance and offered transfer bonuses of between 5% and 8%.
The ripple effects from the MiCA laws going into effect might continue long past the July 1 deadline, as European fintech giant Revolut says it will delist the USDT stablecoin from its platform on August 1 after Tether’s failure to comply with MiCA.
OUSD Stablecoin Launch Raises Concerns Open Standard announced the launch of the OUSD stablecoin on June 30, saying firms like BlackRock, Ripple, and Coinbase are backing the stablecoin.
The launch sparked competition fears around Circle’s USDC stablecoin, and the price of CRCL stock dropped from $73 to $62 on June 30 when OUSD launched.
CRCL Stock Price However, questions have emerged about OUSD having 140 partners after Samsung and Dunamu said that they are partners despite initial claims.
Ethereum surged above $1,700 on July 3, trading close to $1,715 after a rise of more than 6% in the past 24 hours. The move marked a notable recovery from recent downward pressure and brought the cryptocurrency back into the spotlight at a closely watched technical level.
Spot ETF inflows and a critical price thresholdAlongside Ethereum’s climb, US spot Ethereum ETFs saw a sharp uptick in inflows. Data from SoSoValue showed a total net inflow of $29.08 million into these ETFs on July 2. BlackRock’s ETHA fund accounted for the bulk of this movement with $29.74 million in net inflows, while Grayscale’s ETHE fund recorded $2.75 million in net outflows on the same day.
Market analyst Daan Crypto Trades noted that Ethereum jumped 10% on a weekly basis, retesting the $1,750 level that marked the February lows. According to the analyst, holding above this level signals a strengthening price structure and points to a key technical threshold for the asset.
Daan Crypto Trades highlighted that reclaiming the $1,750 zone could be seen as a sign of strength, though he indicated he would keep watching the price action around resistance as the close approached.
Rare technical indicator flashes buy signalA TD Sequential buy signal also appeared on Ethereum’s monthly chart, grabbing market attention due to its infrequency. Technical analyst Ali Charts commented that this signal, while rare, could mean sellers are becoming exhausted on longer time frames.
Mini glossary: The TD Sequential is a technical indicator developed by Tom DeMark, designed to identify points where a market trend may be weakening and potential reversal zones may emerge. It does not, however, confirm a trend reversal on its own.
Historical data shows that previous monthly TD Sequential buy signals have preceded rallies of 235% in 2022 and 182% in 2025. However, analysts caution that a single signal does not guarantee the start of a new uptrend.
Ali Charts emphasized that July began with a strong technical signal for Ethereum, with the market now closely monitoring the TD Sequential buy setup on the monthly chart.
Technical indicators and on-chain market flowsOn the technical side, Ethereum’s MACD histogram entered positive territory at 19.33, with the MACD line moving above the signal line. Despite these moves, both indicators remained below the zero line. The RSI climbed to approximately 51.85, rising above both its moving average and the neutral 50 threshold.
The price recovered from a double-bottom formation around $1,565. In the near term, the first resistance level for Ethereum lies at $1,800, followed by a significant barrier at $2,000. The liquidity concentration between $1,740 and $1,750 is also drawing attention for short-term price action.
In derivatives markets, open interest surged 10.64% to $24.54 billion. Trading volume rose 14.48% to $44.74 billion. Funding rates spiked 113.86%, suggesting a notable increase in leveraged long positions.
On-chain analyst Darkfost from CryptoQuant observed that ETH withdrawals from Binance hit their highest level in three years, exceeding 166,000 in just 24 hours. In contrast, PelinayPA noted that Binance’s net flow stood at a positive 12,938 ETH, meaning more ETH was deposited than withdrawn. On the institutional side, BitMine added 27,084 ETH to surpass a total holding of 5.7 million ETH, while SharpLink acquired 10,000 ETH valued at $16.1 million during the recent drop.
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.
Ethereum extended its price recovery and reclaimed $1.7k, a level that had recently acted as resistance. At press time, ETH traded at $1,756, up 3.02% on the daily chart.
The recovery pushed ETH above the MACD Signal Line Moving Averages (SMAs) at $1,630 and $1,671, signaling stronger momentum.
Why did an Ethereum whale take a $9 million loss? As Ethereum reclaimed $1.7k, whales that had previously shorted the market exited to avoid mounting losses and liquidation risk. In fact, short liquidations surged, with $79 million in bearish positions wiped out after ETH crossed the level.
According to Onchain Lens, one whale closed a $54.1 million ETH short position.
The whale realized a $9.386 million loss and also paid $36,000 in Funding Fees. The exit suggested concerns over further downside for the short position.
Why are retail traders becoming more active? While whales exited their shorts, retail traders appeared to increase their Futures activity.
Source: CryptoQuant CryptoQuant’s Ethereum Futures Average Order Size showed growing Retail Orders around the $1.6k and $1.7k price levels. That suggested traders were actively opening new positions, with sentiment appearing to favor longs.
Source: CoinGlass According to CoinGlass, the Long/Short Ratio climbed above 1 across exchanges.
On Binance, the ratio rose to 1.5, while the overall Long/Short Ratio reached 1.03. That indicated long positions outnumbered shorts as traders anticipated further upside.
Can bulls capitalize on the move? Ethereum’s recent recovery suggested demand had gradually returned to the market. Momentum indicators also reflected improving conditions.
For starters, the daily Relative Strength Index (RSI) climbed to 54, moving above the neutral 50 level. That suggested buyers had gained the upper hand.
Source: TradingView The MACD Signal Line Moving Averages (SMAs) also remained above recent support levels, reinforcing the improving momentum.
If buyers maintain control, ETH could reclaim $1.8k before attempting a move toward $2k. However, Spot selling remained a risk.
Onchain Lens reported that Chun Wang deposited 9,876 ETH, worth $17.02 million, into Binance. If large Exchange Inflows continue, selling pressure could increase and send Ethereum [ETH] back toward $1,640.
Final Summary Ethereum [ETH] reclaimed the $1.7k resistance level, rising 3.02% as momentum strengthened. A whale closed a $54.1 million ETH short position, realizing a $9.386 million loss and paying $36,000 in Funding Fees.
Ethereum is struggling to hold above its long-term ascending trendline, with market participants closely watching the weekly close for signs of direction. The technical setup shows the price caught between a strong support level and a down-sloping resistance area, tightening the range and highlighting the significance of the current zone.
Long-term structure approaches a critical thresholdOn the weekly chart, the dominant pattern for Ethereum is a broad triangle formation that has developed over several years. The lower trendline has historically provided support during sharp pullbacks, while the upper band has capped attempts at sustained rebounds, acting as a powerful resistance zone.
This makes the current position especially crucial from a technical perspective, as Ethereum once again tests the base of this long-standing structure. Maintaining buyer interest in this area is seen as pivotal to keeping the broader recovery scenario alive.
Ethereum is still holding onto its long-term trend, but a stronger buying reaction is needed for this support test to spark a real recovery.
On the upside, the next significant hurdle is the upper resistance, which lies around the $1,800–$2,000 range on the chart. A successful breakout above this zone would offer a much clearer technical signal that market control is returning to buyers.
$1,800 level stands out as a pivotal markerAnalyst Abundance emphasizes that Ethereum’s larger trend is not yet safely established, pointing out that it is crucial for weekly candles to close above $1,800. He warns that unless this threshold is reclaimed, the potential for a more pronounced downward move remains on the table.
Chart analysis shows Ethereum rebounded from support near the mid-$1,500s, but it is now approaching resistance between $1,771 and $1,794. As this area lies directly below the key $1,800 mark Abundance is monitoring, it takes on added importance for the trend’s next phase.
Abundance foresees that if Ethereum fails to secure weekly closes above $1,800, a retest of the $1,200 region may be on the horizon.
Should downward pressure intensify, immediate supports are identified at $1,631 and $1,583. Observers will be watching how the market reacts to these levels if price faces rejection from the current resistance zone.
LevelTechnical significance$1,771–$1,794Nearby resistance zone$1,800Critical threshold for weekly close$1,631First immediate support$1,583Lower support area$1,200Target range for deeper downturn scenarioWeak closes keep downside risk in focusThe analysis also highlights the importance of time cycles in the technical outlook. While Ethereum may be undergoing a short-term recovery, a decisive shift in the main trend direction has yet to be confirmed, according to recent signals.
A weekly close below the ascending support line would significantly weaken the current formation. If this breakdown occurs, it would mean Ethereum has lost one of its most important long-term support structures and could face an extended bottoming process before any sustainable rebound.
Overall, the battle at the lower boundary of Ethereum’s multi-year triangle pattern is likely to dictate the next major move. Market participants are advised to watch the $1,800 level closely in the coming weeks, as both bullish and bearish scenarios hinge on this decisive line in the sand.
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.
Bitcoin price climbed on Saturday as weak U.S. jobs data lifted demand for major crypto assets. The global crypto market rose 1.09% to $2.17 trillion within 24 hours. Bitcoin traded at $62,626, gaining 1.28% on the day.
The BTC price also advanced nearly 5% over the past week. Traders reacted after June job growth slowed more than expected. Analysts say softer rate expectations could help Bitcoin target $70,000 in July.
The U.S. economy added 57,000 jobs, below forecasts of 110,000. That figure also dropped from 129,000 jobs reported in May. Meanwhile, unemployment eased to 4.2%, beating the 4.3% estimate. Ethereum price surged moved above $1,700 as market sentiment improved. XRP and Dogecoin also gained.
Why Bitcoin Price May Rally To $70K In July, According To Analysts Crypto analyst said Bitcoin could rally toward $70,000 in July if a past pattern returns. The analyst noted that Bitcoin posted red May and June candles three previous times. Each period was followed by an average July gain of 19%.
Last 3 times $BTC had a red May and June, it averaged 19% return in July.
If this repeats, Bitcoin could tap the $70,000-$71,000 zone this month. https://t.co/noejm6evgL pic.twitter.com/s93DOWWWaR
— Ted (@TedPillows) July 3, 2026
A repeat could push BTC into the $70,000-$71,000 range this month. The view has gained attention as Bitcoin trades above $62,000. Still, traders are watching volume and resistance before confirming a leg higher. Historical signals remain uncertain now.
Bitcoin Spot ETFs End 10-Day Outflow Streak With $222M Inflow Bitcoin spot ETFs returned to positive flows on July 2, ending a 10-day stretch of withdrawals. Wu Blockchain shared data showing that the funds registered net inflows of $222 million.
The recovery followed with the Bitcoin price floating above $62000, which indicated new demand following the recent market pressure. Meanwhile, Ethereum spot ETFs also stayed positive, recording $29.08 million in net inflows.
Bitcoin Spot ETFs See $222M Net Inflow After 10-Day Outflow Streak
On July 2 (ET), Bitcoin spot ETFs recorded a total net inflow of $222 million, turning positive after 10 consecutive days of net outflows. Ethereum spot ETFs recorded a total net inflow of $29.08 million. pic.twitter.com/LP3UjuQPJV
— Wu Blockchain (@WuBlockchain) July 3, 2026
The numbers indicate that institutional buyers were back, albeit tentatively, even though there was poor sentiment in some sectors of the crypto market. Nevertheless, traders can continue to observe inflows in future sessions. Sustained ETF demand could support Bitcoin’s attempt to hold near key support this week.
Bitcoin Price Prediction: Can BTC Break $64K and Rally Toward $70K? At the time of the reporting, the price of the BTC was traded close to $62,795 in the four-hour chart. Bitcoin has been in an ascending channel and has been recovering steadily since its lows in late June. The mid-range of around $63 000 is currently being tested by the buyers as momentum is gaining.
The next resistance of full Bitcoin forecast report is at the value of $64,000, and the recent candles can have selling pressure.
Any clean breakout beyond this point would pave the way to $66,000. The broader target is still at $70,000 in case buying strength persists.
Source: Tradingview The RSI is however around 67 and this indicates that the momentum is strong but at the risk of becoming overheated. The CMF of 0.03 also indicates mild capital inflow but there is not much conviction. On the downside, $62,000 remains the first support, followed by $60,000.
Key Takeaways Accumulation metrics show rising net position delta for Dogecoin despite price consolidation near recent lows. A significant drop in profitable holders may indicate capitulation and potential market bottom formation. Market analyst Ali Charts identified a TD Sequential buy signal on DOGE, highlighting possible trend reversal. Weekly timeframe reveals higher low formation — a chart structure that preceded past major price expansions. Historical data shows DOGE typically performs well in July, recording positive returns in four of six recent years. Dogecoin currently changes hands at approximately $0.07535, representing a 1.96% increase over the past day. The meme coin maintains a market capitalization hovering near $12.85 billion, while 24-hour trading volume reaches roughly $697 million. Multiple technical and on-chain indicators are currently capturing trader interest.
Dogecoin (DOGE) Price Analyst CW highlighted an intriguing development: Dogecoin’s net position delta continues climbing despite price weakness. This measurement captures the overall balance between buyer and seller activity across the market. When this delta increases during price declines, it typically signals that market participants are accumulating rather than distributing.
According to CW’s assessment, this sustained buying pressure has been developing over an extended period. The analyst suggests that continued demand at these levels could provide the foundation for a substantial price advance.
Contrary to the downtrend of $DOGE, the net position delta is maintaining an increase trend.
The time is approaching for this upward pressure to explode.
The accumulated upward momentum will create a significant rise. pic.twitter.com/pD6hdiiVOu
— CW (@CW8900) July 3, 2026
Meanwhile, market observer Cryptollica presented data revealing that DOGE supply currently in profit territory has contracted to what they characterize as a “deep bottom zone.” This indicates that relatively few holders currently maintain unrealized gains at prevailing prices, while numerous investors who purchased at elevated levels now face paper losses.
Cryptollica explained that this configuration commonly emerges following prolonged distribution phases, after speculative short-term participants have exited their positions. Many technical analysts view such conditions as suggesting that intense selling pressure may be exhausted.
Technical Analyst Identifies TD Buy Signal Market analyst Ali Charts announced via X that Dogecoin has generated a TD Sequential buy signal, commenting: “Things are about to go wild.” The TD Sequential is a technical analysis tool that certain traders employ to identify potential trend reversals following downward price movements.
This technical development contributes to an emerging narrative of shifting near-term momentum dynamics for DOGE.
Examining the 30-minute timeframe, DOGE bounced from the $0.070 support area accompanied by notable volume expansion. Subsequently, the cryptocurrency has established a series of ascending lows and highs, indicating near-term buyer dominance. Market participants are closely monitoring the $0.075 level as the immediate resistance threshold.
Long-Term Chart Reveals Recognizable Structure Technical analyst Javon Marks drew attention to Dogecoin’s weekly chart formation, observing that ascending lows are developing — a configuration that materialized before earlier significant upward expansion cycles. Marks indicated the current setup appears recognizable and historically preceded substantial price movements.
The ascending support trendline underpinning DOGE’s extended timeframe structure remains unbroken. This preservation maintains the longer-duration bullish scenario as viable, though validation would necessitate a decisive breach above overhead resistance.
Seasonal patterns for July are also drawing trader attention. Historical performance shows DOGE recorded a 27.1% gain in July 2025, 17% appreciation in July 2023, and 4.27% advance in July 2026 to date. The cryptocurrency declined during July 2024 and 2021.
At present valuation levels, DOGE features a circulating supply totaling 170.62 billion tokens with no fixed maximum supply limitation.
On July 4, Dogecoin was trading at approximately $0.07535. Despite its recent low levels, the cryptocurrency posted a 1.96% gain in the last 24 hours, bringing its market capitalization to $12.85 billion and daily trading volume to about $697 million. While the price remained subdued near its lows, several technical and on-chain indicators suggest that market attention towards Dogecoin is building once again.
Accumulation signals in focusAnalyst CW observes that the net position delta for Dogecoin, an indicator tracking the balance between buyers and sellers, has continued to climb even as the price stays weak. An increase in this indicator during price declines points to some investors opting to accumulate positions rather than sell off their holdings.
CW notes that, despite the ongoing downtrend in Dogecoin, the rising net position delta could set the stage for a stronger price move as upward pressure builds in the market.
According to CW, this wave of buying is not merely a short-term phenomenon but has been ongoing for some time. If demand remains steady at these levels, it may form a foundation for an even stronger price movement in the near term.
Cryptollica also highlights that the proportion of Dogecoin supply in profit has declined to what it describes as a deep low zone. This means fewer investors are currently sitting on gains, while many who entered at higher prices remain underwater, reflecting a market where recent buyers are less dominant.
Cryptollica emphasizes that such a market structure often emerges after extended periods of distribution, when short-term speculative participants exit the market. This shakeout could mean that the intense selling pressure may now be exhausted, suggesting a potential shift in sentiment.
TD Sequential signal and short-term outlookMarket analyst Ali Charts has identified a TD Sequential buy signal forming on Dogecoin. The TD Sequential indicator is commonly used by investors to spot areas of exhaustion after downward moves and to anticipate possible trend reversals.
Glossary: The TD Sequential is a technical analysis indicator that seeks to identify exhaustion and possible turning points in price action. It works using consecutive candlestick patterns and is typically used as supporting evidence rather than a definitive signal.
Ali Charts underlines that the appearance of a TD Sequential buy signal could mark a shift in short-term momentum for Dogecoin, increasing the likelihood of a change in direction.
On the 30-minute chart, Dogecoin rebounded from the $0.070 support area, accompanied by a spike in trading volume. Higher lows and higher highs have since developed, a pattern that indicates buyers are taking control in the short term. The $0.075 level now stands as the first major resistance to watch in the coming sessions.
IndicatorCurrent statusSupport level$0.070Initial resistance$0.07524-hour change1.96% increaseWeekly structure and July performance in focusTechnical analyst Javon Marks points out that higher lows are forming on Dogecoin’s weekly chart. Historically, similar structures have preceded more significant upward moves. The long-term ascending support trend remains intact, suggesting this bullish scenario is still technically viable.
However, to reinforce this positive outlook, Dogecoin must decisively break above the next resistance level. If this fails, the price could continue trading sideways and remain volatile in the near term.
Seasonal trends are also drawing attention to Dogecoin’s July performance. The asset delivered a 27.1% return in July 2025 and a 17% gain in July 2023, while this year’s increase for July sits at 4.27% so far. Conversely, Dogecoin posted declines during July 2024 and July 2021.
Dogecoin’s circulating supply stands at approximately 170.62 billion coins, and notably, the cryptocurrency does not have a fixed maximum supply cap.
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.
ADA Leads Blue Chips With 20% Weekly Gain@Cardano's $ADA token has been the standout performer among blue chip crypto assets over the past seven days, posting a 20% gain that left peers behind. The token also added around 6% in the most recent 24-hour period, according to @BSCNews, extending a short-term rally that has drawn renewed attention to the project.
The catalyst appears to be a mix of broader market recovery and Cardano-specific momentum. ADA's roughly 17% rebound over the past week has been partly attributed to Cardano's upcoming RealFi Phase 1 Testnet upgrade, scheduled to launch on July 6. Founder Charles Hoskinson described it as "the largest upgrade" in the project's history, aiming to transform hundreds of billions in idle stablecoins into productive capital. Separately, major exchanges Binance and Coinbase have signalled full readiness for the "van Rossem" hard fork, which finalises Protocol Version 11.
Long-Term Picture Remains DifficultDespite the weekly burst, $ADA's longer-term performance tells a harder story. The token is still down approximately 69% on the year, meaning the recent gains have not been enough to offset losses accumulated since early 2026. ADA closed June at $0.1453, down 40% for that month alone.
On-chain data offers a more nuanced picture. Santiment data shows wallets holding between 10 million and 100 million ADA grew their share of total supply from 37.66% to 38.13% in just four days toward the end of June, suggesting larger investors have been accumulating through the weakness. At the same time, daily transactions fell to roughly 17,400 in late June, near the lowest level in 45 days, while smart contract transactions dropped sharply from a peak earlier in the month.
Looking further ahead, ADA becomes eligible for a spot ETF review process on August 9, 2026 under the SEC's streamlined generic listing standards, with Grayscale having already filed official paperwork with the SEC for a Cardano ETF called GADA. That regulatory timeline adds a layer of interest heading into the second half of the year, though none of these catalysts guarantee a specific outcome, and ADA has a long history of moving sharply in either direction within a matter of weeks.
Sources:
CoinMarketCap: Latest Cardano News and Market Insights
KuCoin: Cardano Price Prediction July 2026
MEXC: Cardano Price Prediction July 2026, van Rossem Hard Fork and ETF Outlook
Charles Hoskinson believes the network’s Ouroboros Leios upgrade will increase transaction capacity, positioning Cardano alongside some of the industry’s fastest blockchain networks, including the XRP Ledger (XRPL).
Hoskinson made the assertion during a virtual interview with David Gokhshtein on The Breakdown podcast. During the discussion, he revealed that Leios technology could boost Cardano’s throughput by as much as 60 times its current capacity.
“Leios will be 60x in terms of throughput inside the system,” he said, highlighting the upgrade’s potential to significantly increase the number of transactions Cardano can process per second.
If Cardano reaches that level, Hoskinson believes the network will “be as performant as the XRP Ledger (XRPL).”
Cardano Aims to Match XRPL’s Speed and Efficiency For years, the XRPL has built its reputation on fast settlement times and high transaction throughput, making it a preferred option for payments and cross-border transfers.
The network typically settles transactions within three to five seconds and supports a throughput of up to 1,500 TPS. Notably, the blockchain surpassed 120 TPS in March 2026 while processing around 650 transactions during peak activity.
Against this backdrop, Hoskinson’s latest remarks suggest that Cardano no longer views transaction speed as a competitive disadvantage. Instead, he believes the introduction of Leios will place the network on par with leading blockchain platforms in terms of performance and scalability.
Preserving Decentralization and Security Notably, Hoskinson stressed that Cardano achieved these throughput gains without sacrificing its core principles, particularly decentralization and security.
The blockchain industry has long struggled to balance scalability, decentralization, and security, a challenge commonly known as the blockchain trilemma. Many networks improve performance only by compromising one of the other two elements.
However, Cardano aims to prove that such trade-offs are not inevitable. With Leios, Cardano hopes to deliver the speed required for mainstream adoption while preserving the principles that have guided the ecosystem since its inception.
Current Status of Leios Meanwhile, the Ouroboros Leios upgrade officially launched its public testnet on June 23, 2026. Named Musashi Dojo, the testnet represents the first time the protocol has operated in a live network environment.
Looking ahead, Cardano plans to deploy Leios on the mainnet later this year, marking what could become one of the network’s most significant scalability upgrades to date.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Germany’s savings and cooperative banks are rolling out crypto trading to retail clients, wiring Bitcoin (BTC) into the apps of institutions that hold roughly 80 million customer relationships in a country of 84 million people.
The Sparkassen serve about 50 million customers, per DSGV data, and the cooperative banks another 30 million, per BVR figures. Both groups dismissed the asset class as too risky just four years ago.
German Banks That Rejected Crypto Trading Now Court MillionsAccording to Bloomberg, both groups are building in-house services rather than steering clients to outside exchanges. DZ Bank’s meinKrypto platform already runs inside the VR Banking App, offering BTC, Ethereum (ETH), Litecoin (LTC), and Cardano (ADA).
BaFin licensed meinKrypto under the EU’s Markets in Crypto-Assets (MiCA) framework in late December 2025, per DZ Bank’s announcement. Boerse Stuttgart Digital handles custody, keeping the whole chain under German supervision.
DekaBank is building the equivalent product for the roughly 340 savings banks, with a phased launch later this year. Each of the almost 650 cooperative banks and every Sparkasse opts in individually. DZ Bank product specialist Markus Bärenfänger expects hundreds to join.
Germany’s Local Banks Bring Crypto Trading to Millions in Major Mainstream Adoption PushThe reversal is stark. The savings banks considered crypto trading in 2021, then shelved it over incalculable risks. MiCA has since opened the door for Germany’s largest financial institutions.
Trust Advantage Collides With Total Loss WarningsThe trust math explains the bet. Germans trust their primary bank twice as much as specialized crypto platforms, 38% to 19%, per a Boerse Stuttgart Digital survey. However, only about a quarter have invested in crypto, in line with broader European adoption figures.
That trust is precisely what worries critics. Co-Pierre Georg, professor at the Frankfurt School of Finance & Management, argues that traditional bank customers may not grasp the risks.
“It is concerning that the floodgates to the cryptocurrency market are now being opened by savings and cooperative banks,” Co-Pierre Georg, professor at the Frankfurt School of Finance & Management, via Bloomberg.
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Even the savings banks’ own lobby group, DSGV, calls crypto a highly speculative investment carrying the risk of total loss. It frames the service as suitable for self-directed investors only.
Timing sharpens the debate. Bitcoin trades near $62,483 after falling roughly 50% from its October 2025 record of $126,080.
Bitcoin Price Performance. Source: BeInCryptoThe German lenders also join a wider European shift. UBS opened crypto trading for private clients in January.
For local banks, the payoff may be relevance rather than revenue. Westerwald Bank chief Ralf Kölbach warns that lenders skipping crypto lose younger, tech-savvy customers.
The bigger test is whether bank-branded credibility can survive the market’s next deep drawdown.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The fintech giant of Europe, Revolut, has announced the delisting of Tether’s USDT stablecoin. This move hinges on regulatory changes under the European Union’s Markets in Crypto-Assets (MiCA) framework affecting the crypto industry.
Revolut Moves To Delist Tether’s USDT The company has sent out emails to users with a timeline to sell their USDT before it is withdrawn from eligible accounts.
As explained in the notice, Revolut said, “We’re delisting USDT from our crypto offering.” It also warned users that “From 31 August 2026 12:00 PM GMT, you’ll no longer be able to hold USDT in your Revolut account.”
It will be rolled out in phases. Customers will be able to keep buying USDT until July 6th. After 30th July, the new USDT deposits will not be accepted. Users will continue to be able to sell their tokens or send them to supported external crypto wallets until Aug. 31.
Revolut also urged customers to “Review your holdings before 31 August 2026 12:00 PM GMT.” This provides a couple of weeks for them to consider their options.
If you still have USDT in eligible accounts at the end of the deadline, they will no longer be in crypto. According to Revolut’s crypto delisting policy, any remaining balance will be automatically converted to the base currency that the account is denominated in at the market price of USDT when the delisting is activated.
Tether’s MiCA License Setback Revolut’s decision comes in response to stricter implementation of EU’s MiCA regulations. Stablecoin issuers and crypto services in the bloc must now adhere to new licensing, reserve, disclosure and supervisory requirements.
Tether has not been granted a MiCA licence for USDT. Previously, Tether CEO Paolo Ardoino had said that the framework was not designed for the world’s largest stablecoin due to MiCA’s requirement for reserves. This raised questions around the stablecoin reserve composition, liquidity management, and redemption risks.
Following the July 1st enforcement date of MiCA, Revolut joins the growing list of platforms restricting customers’ access to USDT in Europe. Also, it’s important to note that these restrictions will only affect notified users of Revolut. Hence, it will not impact on the availability of USDT in the jurisdictions in which the stablecoin remains supported.
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Nigel Farage has been reported to the UK Parliament’s standards watchdog over allegations that he lobbied the Bank of England on cryptocurrency policy in ways that could benefit one of his largest political backers, a major investor in stablecoin issuer Tether.
Summary
Nigel Farage has been reported to Parliament’s standards watchdog over alleged Tether-related lobbying. Labour MPs have questioned Farage’s meeting with the Bank of England over crypto policy. Donations from Tether investor Christopher Harborne remain under separate parliamentary scrutiny. According to The Guardian, Labour MP Phil Brickell has asked Parliamentary Commissioner for Standards Daniel Greenberg to investigate whether the Reform UK leader breached parliamentary rules by engaging with the Bank of England after receiving financial support from British billionaire Christopher Harborne.
Under parliamentary rules, MPs are barred from lobbying ministers or public officials on behalf of individuals who have paid them within the previous 12 months.
Brickell told The Guardian that Farage publicly supported Tether, criticized proposed limits on stablecoins, and promised to challenge the Bank of England’s position before meeting Governor Andrew Bailey. Brickell also claimed Farage later said he had persuaded the central bank to soften its approach.
Complaint centers on Bank of England crypto meeting At the center of the complaint is a private meeting held in September 2025 between Farage and Bailey. According to The Guardian, Farage urged the Bank to abandon plans for a UK central bank digital currency, often referred to as “Britcoin,” a proposal he has previously said he would rather go to prison than support.
Soon afterward, Farage publicly claimed he had influenced the Bank’s thinking. Last week, the Bank of England dropped a proposed £20,000 limit on individual stablecoin holdings, a restriction Farage had repeatedly criticized.
Meanwhile, Labour MP Joe Powell has written separately to Bailey seeking details of the meeting. In his letter, Powell argued that decisions affecting the UK’s financial system, including those involving a digital pound, should be made independently and in the public interest rather than through private discussions that could benefit individual investors, according to The Guardian.
The Bank of England said the September meeting formed part of its routine engagement with political figures. The central bank acknowledged that Bailey and Farage held different views on the digital pound but has not released minutes or additional details from the meeting.
Harborne donations draw additional scrutiny Brickell has argued that the case extends beyond cryptocurrency policy because it raises questions about whether an MP who has received millions from a single donor should promote policies that could increase the value of that donor’s investments.
Harborne, a British businessman based in Thailand, owns a 12% stake in Tether, the company behind the USDT stablecoin, and ranks sixth on the Sunday Times Rich List.
According to The Guardian, Farage accepted an undeclared £5 million ($6.7 million) gift from Harborne before standing in the July 2024 general election. Because Farage had not yet announced his candidacy for Parliament, the payment was not declared to parliamentary authorities at the time.
The report also said Harborne later made two separate £25,000 political donations to Farage in January 2025 and February 2026 to fund trips to the United States and the Chagos Islands. During the same period, Reform UK reportedly received another £15 million ($20.1 million) from Harborne. Greenberg is already conducting a separate investigation into whether the earlier £5 million gift should have been declared.
Farage and Harborne have both said the billionaire expected nothing in return. Farage has described the payment as unconditional and a private matter, although The Guardian noted that his explanation has changed over time, ranging from funding his personal security to rewarding his role in the Brexit campaign before later saying he was free to spend the money as he wished. Reform UK has rejected the allegations as “utter rubbish,” while Labour has accused Farage of avoiding proper scrutiny.
Farage has long positioned himself as a supporter of digital assets, previously calling for the UK to establish a strategic Bitcoin reserve and advocating lower capital gains taxes on cryptocurrency investments.
Revolut has confirmed it will remove Tether’s USDT from eligible European accounts after new European Union crypto rules took effect under the Markets in Crypto-Assets (MiCA) framework.
Summary
Revolut will delist USDT for eligible European users under the EU’s MiCA regulations. Users can buy USDT until July 6 and withdraw or sell holdings until Aug. 31. Tether also recently froze 131 TRON wallets after new U.S. sanctions targeted ISIS-K-linked addresses. According to an email sent by Revolut to affected customers, the fintech company will phase out support for USDT over the next two months, giving users until Aug. 31 to sell, withdraw, or transfer their holdings before the stablecoin is removed from eligible accounts.
Europe's Largest Fintech Revolut to Stop Supporting USDT on August 31
European fintech giant Revolut has notified users via app push notifications and emails that it will delist USDT. Users will still be able to purchase USDT until July 6. Revolut will stop accepting new USDT… pic.twitter.com/ImjlZ18tsF
— Wu Blockchain (@WuBlockchain) July 4, 2026 Revolut has set a phased deadline for USDT holders Revolut said customers will continue to be able to buy USDT until July 6. Beginning July 30, the platform will stop accepting new USDT deposits, while users will still be allowed to sell their tokens or transfer them to supported external crypto wallets until Aug. 31.
The company told customers to review their USDT holdings before Aug. 31 at 12:00 PM GMT because, after that deadline, the stablecoin will no longer be supported in eligible Revolut accounts. Under Revolut’s crypto delisting policy, any remaining USDT balance will be automatically converted into the account’s base currency using the market price of USDT at the time the delisting takes effect.
Revolut also clarified that the restrictions apply only to notified users. The company said the changes will not affect access to USDT in jurisdictions where the stablecoin continues to be supported.
MiCA requirements continue to reshape stablecoin access Revolut linked the decision to the European Union’s MiCA framework, which now requires stablecoin issuers and crypto service providers operating in the bloc to comply with licensing, reserve, disclosure, and supervisory rules.
crypto.news previously reported that USDT has not received authorization under MiCA. Tether Chief Executive Officer Paolo Ardoino argued that the framework was not designed for the world’s largest stablecoin because of its reserve-related requirements. Ardoino previously said those rules raised concerns about reserve composition, liquidity management, and redemption risks for issuers.
Following the July 1 implementation of MiCA enforcement measures, Revolut joins other crypto platforms that have restricted access to USDT for European customers because the token lacks MiCA authorization.
The regulatory pressure comes as Tether continues to face increased scrutiny in other areas. As crypto.news reported earlier, the company recently froze USDT balances held in 131 wallets on the TRON blockchain after the U.S. Treasury’s Office of Foreign Assets Control updated sanctions tied to ISIS-K.
Notably, OFAC added 134 cryptocurrency wallet identifiers to its sanctions list on July 1, including 131 TRON addresses and three Monero addresses linked to ISIS-K.
The sanctions update identified the wallets as belonging to the Islamic State Khorasan Province, the Afghanistan and Pakistan branch of the Islamic State, which had already been designated as a terrorist organization before the additional wallet identifiers were published.
While the sanctions action is unrelated to MiCA, it highlights Tether’s ability to freeze tokens in response to regulatory and law enforcement actions. At the same time, Revolut’s delisting decision illustrates how new European crypto rules are affecting the availability of stablecoins that have not secured authorization under the bloc’s regulatory framework.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Europe's major fintech platform Revolut is set to cease support for Tether (USDT) stablecoin on August 31, according to recent reports.
Wu Blockchain shared this development in an X post accompanied by screenshots verifying the claim.
According to Wu Blockchain, Revolut has notified users via app push notifications and emails that it will delist Tether (USDT); however, users will still be able to purchase the stablecoin until July 6.
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Europe's Largest Fintech Revolut to Stop Supporting USDT on August 31
European fintech giant Revolut has notified users via app push notifications and emails that it will delist USDT. Users will still be able to purchase USDT until July 6. Revolut will stop accepting new USDT… pic.twitter.com/ImjlZ18tsF
— Wu Blockchain (@WuBlockchain) July 4, 2026 Revolut will stop accepting new Tether (USDT) deposits on July 30, while users can continue to sell USDT or withdraw it to external wallets until August 31. After this date, any remaining USDT balances in user accounts will be converted into fiat currency at the prevailing exchange rate.
This development follows on the heels of the Markets in Crypto-Assets (MiCA) regulation, which came into full effect on June 30.
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In light of this, crypto exchanges and platforms are expected to suspend certain token services deemed unauthorized under MiCA.
Tether's USDT is restricted in the European Economic Area under the Markets in Crypto-Assets (MiCA) regulatory framework. As it did not apply for the necessary e-money authorizations, major exchanges delisted USDT for European users.
New era begins in the EUThe European Union's crypto market entered a new era on Wednesday as the MiCA regulation came into full effect, implying that crypto firms serving customers across the region are required to hold a license or stop operating.
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Exchanges are required to follow the MiCA rules, which require stablecoin issuers and staking service providers to have the necessary authorization to be accessed by European users; these rules impact all 30 countries in the European Economic Area.
The EU's financial rule-setter, the European Securities and Markets Authority (ESMA), has already issued an ultimatum to unauthorized crypto-asset service providers to wind down their operations in an orderly manner while securing clients' interests as the MiCA transitional period ends.
Revolut is set to remove Tether (USDT) from its crypto offering, according to screenshots of customer notifications shared by multiple crypto users on X.
The notice states that the UK-based fintech will complete the removal of the stablecoin on August 31, 2026, at 12:00 PM GMT. After that date, users will no longer be able to hold USDT balances in their Revolut accounts.
Customers wishing to keep or liquidate their holdings are encouraged to act before the deadline by either selling their USDT through Revolut or withdrawing it to an external crypto wallet.
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According to the company, the decision follows a routine review of the assets offered on its platform and was made based on regulatory and risk considerations aimed at maintaining a secure and responsible trading experience.
As part of the phased rollout, Revolut said purchases of USDT will be disabled from July 6, 2026, at 12:00 PM GMT, ahead of the token’s complete removal later in the summer.
Several major crypto platforms, such as Coinbase and Bitstamp, have delisted or begun phasing out USDT for European users as they adapt to the EU’s Markets in Crypto-Assets Regulation (MiCA) framework.
The move reflects efforts to comply with the bloc’s new rules governing stablecoins and crypto service providers, with exchanges increasingly favoring assets they consider MiCA-compliant. Platforms have directed users toward alternatives such as USD Coin (USDC) and euro-backed stablecoins like EURC.
Tether CEO says MiCA rules could increase stablecoin risk Tether CEO Paolo Ardoino believes the MiCA regulation could leave stablecoin issuers more exposed to bank failures during periods of heavy redemptions.
In previous statements, Ardoino stressed that the concern is not regulatory oversight but MiCA’s potential requirement that issuers hold up to 60% of reserve assets in uninsured bank deposits rather than highly liquid assets like US Treasury bills.
He warned that smaller European banks may be unable to cope with mass redemption events if millions of users cash out their USDT at the same time. For that reason, Ardoino said Tether opted against seeking MiCA approval, citing the need to safeguard its global user base.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tether (USDT), the world's largest stablecoin, has been delisted in the European Union following the recent MiCA regulation.
Revolut, one of Europe’s leading financial technology companies, is preparing to remove Tether (USDT) from its platform as a stablecoin that does not comply with European Union regulations.
The company announced to its users via in-app notifications and email that a phased delisting process for USDT would begin. Accordingly, users will be able to continue purchasing USDT through Revolut until July 6th.
As of July 30th, new USDT deposits will no longer be accepted. Users can sell or withdraw their USDT assets to external wallets until August 31st. After this date, any remaining USDT balances in Revolut accounts will be converted to fiat currency at the current exchange rate.
Revolut’s decision is linked to the full implementation of the European Union’s Crypto Asset Market Regulation (MiCA) and the entry into a stricter regulatory process as of July.
Under MiCA, stablecoin issuers are required to meet high compliance standards, including transparency of reserve assets, regular audits, liquidity guarantees, and obtaining necessary regulatory approvals.
USDT’s issuer, Tether, has not completed the necessary compliance process under the MiCA in the European Union, which leads to USDT being considered a “non-EU compliant stablecoin.” Therefore, it is stated that European regulated platforms like Revolut are gradually removing USDT from their platforms to avoid potential legal risks and regulatory sanctions.
*This is not investment advice.
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