Cayman Islands Trademark Secures Legal FoundationRipple-backed Evernorth has taken another step toward building a publicly traded $XRP treasury, registering its trademark in the Cayman Islands as its Digital Asset Treasury (DAT) initiative advances.
The Evernorth trademark has been publicly recorded in the Cayman Islands, with the filing handled by HSM IP Ltd., a Cayman-based intellectual property firm that frequently manages trademark registrations for companies operating in the jurisdiction. Public records show the word mark was registered under filing number T0004840, with an expiry date of April 1, 2036.
According to the Cayman Islands Gazette, the Evernorth word mark (No. T0004840) has been registered under Classes 36 and 42, covering a wide range of digital asset-related financial and technology services. Under Class 36, the trademark protects services related to digital asset portfolio creation and management, financial advisory and consulting for digital assets, digital asset treasury management, financial custody solutions, and investment strategy information for publicly traded investment funds.
The XRP Digital Asset Treasury is currently pursuing a business combination with Armada Acquisition Corp. II, a Cayman-domiciled SPAC. Establishing the trademark in the Cayman Islands complements this structure, as the jurisdiction is widely used by global investment vehicles due to its tax neutrality, asset protection framework, and efficient intellectual property and global licensing regime.
473 Million XRP and an Active Treasury StrategyEvernorth Holdings and Pathfinder Digital Assets held about 473.1 million XRP as of the end of last year. Ripple contributed 126.8 million XRP to Pathfinder under a contribution agreement, while the sponsor separately contributed 211.3 million XRP through a Series C subscription tied to the broader deal.
Rather than operating as a passive investment vehicle, Evernorth plans to actively grow its XRP reserves. Its strategy includes institutional lending, liquidity provisioning, and participation in decentralized finance (DeFi) yield opportunities to generate additional returns on its holdings.
If the deal closes, the combined company will list under the ticker XRPN and operate as a publicly traded XRP treasury. The company said it has raised over $1 billion in gross proceeds to create the largest public XRP treasury company on Nasdaq. Investors in the transaction include Ripple, SBI Holdings, Pantera Capital, Kraken, and Arrington Capital.
Sources:
The Crypto Basic: Ripple-Backed Evernorth Registers Trademark in Cayman Islands
CoinDesk: Evernorth Unveils 473 Million XRP Treasury and DeFi Strategy
SEC Filing: Evernorth Holdings Inc. Form 425
XRP is holding above key support near $1.11 after a sharp drop, but repeated failures to clear the $1.14–$1.15 zone show its rebound lacks confirmed momentum.Spot XRP ETFs logged a ninth straight week of net inflows despite regulatory uncertainty, underscoring steady institutional interest even as the CLARITY Act faces delays.Traders are watching $1.1110 on the downside and $1.14–$1.15 on the upside, with a clean break above $1.15 opening room toward $1.17–$1.20 and a drop below $1.1110 refocusing attention on $1.08.XRP is still trying to turn last week’s rebound into a cleaner breakout, but the move is struggling for follow-through. Buyers stepped in after a sharp drop toward $1.11 and drove the token back toward resistance, yet XRP failed to hold above the levels needed to confirm momentum. That leaves traders watching whether $1.13-$1.14 becomes support, or another ceiling.
News Background• XRP spot ETFs recorded a ninth consecutive week of net inflows, adding $17.19 million despite broader regulatory uncertainty.
• The CLARITY Act faced delays after a scheduled Senate vote was canceled before the congressional recess, removing a near-term catalyst for digital assets.
• Analysts continue to watch XRP’s long-term descending trendline, with the $1.14-$1.18 zone seen as the next area bulls need to clear.
• Several technical analysts pointed to improving structures, including bullish divergence from the $1.02 lows and a potential Elliott Wave advance, but those setups still require confirmation above resistance.
Price Action Summary• XRP traded near $1.1238 during the 24-hour session, holding above the $1.11 area after a volatile swing lower.
• The token underperformed CD5 by 143 basis points, showing the move was not strongly asset-specific.
• Volume ran 16.19% above the seven-day average, enough to show participation but not enough to confirm a clean breakout.
• The sharpest activity came near the session low around $1.1110, when volume reached 106.5 million XRP, about 129% above the 24-hour average.
• Buyers later pushed XRP toward $1.1507, but the move failed to hold near the upper end of the range.
Technical Analysis• The key development is that XRP defended the $1.11 area, but failed to turn the rebound into a sustained move above $1.13-$1.14.
• The earlier breakout above $1.08 remains intact, but the next leg higher needs stronger volume through resistance.
• The rejection near $1.1507 shows sellers are still active around the same zone that capped recent recovery attempts.
• The hourly structure weakened after XRP failed near $1.1308 and slipped back toward $1.1249, leaving a lower-high pattern intraday.
• XRP remains in a consolidation phase between support near $1.11 and resistance near $1.14-$1.15.
What traders should watch• $1.1110 is the key downside level after buyers defended it during the session.
• $1.1249-$1.1270 is the immediate support zone after the latest intraday pullback.
• $1.1308-$1.1325 is the first resistance area bulls need to reclaim.
• $1.14-$1.15 remains the bigger test after repeated failures near that zone.
• A clean move above $1.15 would shift attention toward $1.17-$1.20, while a break below $1.1110 would weaken the recent recovery and put $1.08 back in focus.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Key Highlights XRP gained approximately 8% over a seven-day period following a rebound from $1.03 Spot ETF net inflows decreased by 55% during June, falling from $132M to $59M The XRP Binance Scarcity Index reached 0.77, marking its highest reading in over 24 months Binance’s XRP holdings have declined 20% since November 2024, currently sitting at approximately 2.6 billion tokens Critical resistance level identified at $1.20, with upside target at $1.50 and downside risk at $0.80 XRP has demonstrated a solid recovery over the past week, posting gains of nearly 8% after establishing support at the $1.03 level. The digital asset is currently changing hands above $1.15, successfully reclaiming a price point that served as a support threshold before the June downturn.
XRP Price Market activity intensified significantly, with trading volume surging approximately 62% within a 24-hour window to reach $1.8 billion. Such dramatic volume increases typically indicate fresh market participation following periods of subdued trading activity.
This rebound follows a challenging June for XRP holders. The token experienced a significant decline from heights above $1.55 in February, ultimately bottoming out near the $1.00 to $1.04 range by late June—representing the most substantial holder drawdown in over a decade.
Institutional appetite, as measured through ETF flows, painted a cautious picture during this period. Net capital inflows to XRP-linked spot exchange-traded funds contracted from $132 million in May to just $59 million in June, representing a 55% month-over-month decline. Traditional finance interest appeared to wane despite the token’s price compression.
Source: SoSoValue Large Holders Accumulate as Exchange Inventory Tightens Blockchain metrics revealed a contrasting narrative within the cryptocurrency ecosystem. Daily active addresses on the XRP Ledger surged to levels not witnessed since February, as reported by Santiment. During that February timeframe, XRP traded within a $1.47 to $1.54 range.
Concurrently, the XRP Binance Scarcity Index climbed to 0.77 this week, representing its most elevated reading in more than two years, based on analysis from CryptoQuant researcher ArabxChain. This indicator quantifies XRP’s availability on Binance compared to historical benchmarks.
Source: CryptoQuant Binance’s XRP inventory has contracted by approximately 20% since November 2024, declining from roughly 3.27 billion tokens to around 2.6 billion currently. Holdings specifically dropped from about 2.8 billion in May to 2.6 billion by early July, coinciding precisely with the scarcity index’s breakout to new highs.
Market observers at ChartNerd highlighted this technical formation on X, describing XRP’s “3rd Retest” as a favorable entry point for position builders, characterizing it as “a gift” for chart-focused market participants.
Short Position Liquidations Contributed to Initial Rally Futures market data from Coinglass reveals funding rates plunged into deeply negative territory between June 26 and 28, coinciding precisely with the price bottom. This concentration of short positions created conditions favorable for a squeeze.
The subsequent rally to $1.13 appears consistent with forced short covering rather than organic new demand. Funding rates have since normalized to slightly positive, suggesting a healthier positioning landscape.
Immediate resistance is located at $1.20, which previously contained the mid-June recovery attempt. A confirmed daily close above this threshold would expose the $1.35–$1.40 region, representing approximately 22% upside from current pricing.
The daily Relative Strength Index currently reads near 55, indicating additional headroom exists before overbought territory becomes a concern.
The 200-day Exponential Moving Average is positioned at $1.50, which technical analysts identify as the primary bullish objective if buying momentum persists. Conversely, a breakdown below $1.00 would negate the current recovery thesis.
XRP volume recently exceeded Bitcoin on South Korean platform Upbit, providing an interesting data point as market participants evaluate whether genuine demand is materializing.
XRP is witnessing massive demand from across multiple fronts at once, recording capital inflows from real-world asset (RWA) tokenization on the XRPL, ETF inflows, and new wallets. Evernorth, a Ripple-backed digital asset treasury firm, revealed the development amid significant recovery in XRP price.
Huge RWA Tokenization Growth on XRPL: Evernorth Holdings Tokenized RWAs on the XRPL network have grown significantly from almost $150 million a year ago to more than $4 billion, Evernoth Holdings revealed on July 7. This marks a notable growth despite the bear market.
XRP treasury Evernorth highlighted that more than 500 products now live on XRPL. Notably, JMWH and Ondo Short-Term Government Bond Fund are leading tokenized assets representing nearly $2.5 billion in value.
As CoinGape earlier reported, JPMorgan, Ripple, Mastercard, and Ondo Finance completed first cross-border tokenized treasury settlement on XRPL. The transaction was settled in about 4 seconds.
in about four seconds,” Evernoth noted. It added that XRP is recording massive capital inflows from RWA tokenization.
Tokenized RWAs on the XRP Ledger (XRPL). Source: RWAxyz XRP ETFs Record Consistent Inflows Evernorth revealed that spot XRP ETFs follow tokenized RWA in capital inflows. XRP ETFs have recorded consistent inflows as compared to Bitcoin and Ethereum ETFs.
Spot XRP ETF inflows reached an 8th week streak, totaling $1.49 billion in cumulative net inflows. Notably, the spot ETFs recorded $17.19 million in total inflows last week. However, it is 4x smaller than the tokenized RWA market.
Evernorth has noted that these inflows signal a shift toward massive institutional participation. It bridges tradFi with the crypto market, as total net assets under management reach $1.05 billion.
XRP ETF Inflows. Source: SoSoValue Rise in XRP Wallets XRP price recovered more than 14% recently before paring gains. The price is currently trading at $1.13, with a 24-hour low and high of $1.11 and $1.16, respectively. Furthermore, trading volume has increased by almost 50% over the last 24 hours.
Evernorth claimed the recent recovery came amid a massive rise in new wallets last week. New wallets have increased from 18.1K to 26K within a few weeks. This marks the highest weekly count since March.
New XRP Wallets per Week. Source: Evernorth Meanwhile, CoinGlass data showed massive buying in the derivatives market in the past few hours. At the time of writing, the total XRP futures open interest jumped 1% to $2.38 billion in the last 4 hours. Futures OI on CME jumped 3.21% and almost 0.75% on Binance.
Ripple has secured a Crypto-Asset Service Provider (CASP) authorization from Luxembourg’s financial regulator, CSSF, achieving full regulatory approval within the European Union under the Markets in Crypto-Assets (MiCA) framework. This milestone enables Ripple to provide compliant crypto payment solutions across 30 countries in the European Economic Area (EEA).
Single authorization powers EU-wide operationsBuilding on its earlier approval in June and in combination with its existing Electronic Money Institution license, Ripple now enjoys a significantly expanded operational scope within the EU. This means the company can offer regulated services across all EEA countries without the need to secure individual licenses for each nation.
Cassie Craddock, Ripple’s Managing Director for the UK and Europe, emphasized that Ripple is now fully compliant in Europe and ready to scale in the post-MiCA landscape.
This authorization allows financial institutions, payment firms, and enterprise clients to benefit from Ripple’s regulated payments infrastructure in all 30 EEA countries. With this structure, Ripple becomes one of the select digital asset companies holding both full MiCA authorization and an electronic money license at the same time.
Quick glossary: CSSF is the official authority supervising Luxembourg’s financial sector. CASP refers to the license required under MiCA to offer crypto asset custody, trading, transfers, and related services.
MiCA transition period now endedThe European Union’s transition window for MiCA compliance closed on July 1, 2026. After this deadline, crypto companies operating without the necessary authorizations must either cease activities within the EU or risk facing regulatory sanctions.
On Friday, the European Securities and Markets Authority published an updated list featuring 280 authorized crypto-asset service providers. This figure, up from 243 the previous week, reflects the addition of 37 new entrants, including Standard Chartered, FalconX, and Sygnum Europe.
Compliance race among exchanges and firmsNot all companies managed to meet the deadline. Binance, the world’s largest crypto exchange by trading volume, withdrew its MiCA license application in Greece before July 1. The company is now seeking approval through another EU country as part of its revised strategy.
Because day-to-day oversight remains with national authorities, regulatory implementation may vary across member states. For example, Belgium’s Financial Services and Markets Authority recently added six crypto firms to its unauthorized service provider list, after finding they were operating without proper approval.
Ripple’s global licensing footprint expandsRipple’s regulatory portfolio has now surpassed 75 licenses worldwide, spanning multiple regions. This includes approval from the UK’s Financial Conduct Authority, granted in January 2026. The newly acquired authorization from Luxembourg marks the latest step in Ripple’s strategy to grow its global licensing network.
By integrating crypto-asset services with electronic money operations, Ripple gains a broader financial reach than many competitors. Following MiCA’s implementation, the company is expected to further expand its institutional payments business across Europe within this regulatory framework.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key Highlights Ripple committed to match contributions to the Call of Duty Endowment up to $10,000 in XRP during an Independence Day charitable initiative The Call of Duty Endowment focuses on connecting unemployed military veterans with employment opportunities and has successfully placed more than 165,000 veterans Ripple initiated a promotional campaign at Union Station in Washington D.C. advocating for clearer cryptocurrency regulations Ripple obtained its MiCA license through Luxembourg’s financial oversight authority, enabling full regulatory compliance throughout all 30 European Economic Area nations Ripple currently maintains over 75 regulatory licenses globally, with XRP valued at approximately $1.14 during this reporting period On Independence Day, Ripple revealed its commitment to match charitable contributions made to the Call of Duty Endowment with a cap of $10,000 in XRP. This initiative aligned with America250’s Giving4th program, which encourages July 4th to be recognized as a nationwide day dedicated to philanthropic contributions.
The Call of Duty Endowment operates as a charitable organization dedicated to assisting unemployed veterans in securing quality employment in the civilian workforce. According to the organization, it has successfully facilitated job placements for more than 165,000 veterans and aims to reach 200,000 placements by the year 2030.
Ripple opened the donation platform to accept multiple forms of contributions, including cash, stocks, XRP, and its dollar-backed stablecoin RLUSD. The blockchain firm pledged to provide matching funds in XRP once the donation threshold of $10,000 was achieved.
As of this report, the fundraising effort had accumulated $814.19. XRP was being exchanged at approximately $1.14, reflecting a decline of roughly 50% compared to the previous year.
Ripple’s CEO Brad Garlinghouse was acknowledged by social media users for his support of this charitable endeavor.
Ripple Launches Advocacy Campaign in Nation’s Capital Ripple simultaneously unveiled a physical advertising initiative at Union Station in Washington D.C., recognized as one of America’s most heavily trafficked transportation centers. The promotional materials feature statements such as “It’s happening with Ripple” and “More certainty for crypto.”
The strategic placement positions Ripple’s messaging directly in view of lawmakers, corporate leaders, and the millions of commuters passing through daily. Cryptocurrency analyst SMQKE was among the first to draw attention to this campaign.
This strategic move arrives during a pivotal moment as the United States digital asset sector navigates evolving policy frameworks. Ripple seems to be establishing itself as an organization prioritizing regulatory transparency.
Ripple Achieves Significant European Regulatory Milestone On July 6, Ripple disclosed that it had been granted authorization for its Crypto Asset Service Provider license by Luxembourg’s Commission de Surveillance du Secteur Financier. This achievement establishes Ripple as fully compliant within the European Union’s Markets in Crypto-Assets Regulation framework, commonly referred to as MiCA.
This regulatory clearance enables Ripple to provide compliant digital asset services throughout all 30 nations within the European Economic Area. The authorization extends to financial institutions, corporations, and commercial enterprises across the entire region.
According to Ripple, the company now possesses more than 75 regulatory licenses on a worldwide basis. The MiCA authorization grants Ripple access to one of the planet’s most substantial regulated financial ecosystems.
The blockchain payments company demonstrated activity across several strategic areas, merging philanthropic engagement, public awareness initiatives, and regulatory advancement within the same seven-day period.
XRP traded near $1.13 on July 7, down 1.69% in the past 24 hours, according to crypto.news market data.
Summary
XRP’s rebound needs a clear break above $1.14 to confirm stronger short-term momentum for bulls. ETF inflows remain positive, but CLARITY delays have removed a near-term policy catalyst for XRP. Spot CVD has improved across exchanges while Binance perpetual traders keep selling into rebounds. The token moved between $1.11 and $1.16 during the session, while trading volume stood at about $1.73 billion.
The rebound from the late-June low near $1.00 remains intact, but buyers have not yet turned it into a stronger breakout. the token pushed back toward the $1.14 to $1.18 zone, but it failed to hold the upper part of that range.
The price now sits near a short-term decision area. A close above $1.14 would show that buyers are gaining control. A clean move above $1.18 to $1.20 would give bulls a stronger signal and place the next resistance levels back in focus.
The downside level is also clear. If XRP loses $1.10, the current rebound would weaken. A move below that area could expose $1.06, which some traders now see as the next retest zone.
XRP ETF inflows help, but policy catalyst slips The recovery has come while XRP-linked investment products continue to attract demand. The latest background data showed spot XRP ETFs recorded a ninth straight week of net inflows, adding $17.19 million despite broader policy uncertainty.
Those inflows have helped support the market, but they have not been enough to break the larger downtrend. As previously reported, XRP ETFs gave investors regulated access, but they did not solve the wider legal question around XRP’s status under U.S. law.
The CLARITY Act remains the main policy catalyst for many traders. The bill missed its July 4 target and now faces an Aug. 7 deadline before the Senate’s summer break.
That delay removed a near-term trigger for digital assets. The bill has passed the House, cleared the Senate Banking Committee, and sits on the Senate calendar, but staff still need to merge Banking and Agriculture versions before a full Senate vote.
Moreover, Standard Chartered has said XRP ETFs could attract $4 billion to $8 billion in first-year inflows if CLARITY passes. That forecast depends on legal clarity unlocking larger institutional demand.
Technical setup stays mixed The XRP/USDT daily chart shows price recovering from the late-June low, but the broader trend remains weak after the June breakdown. The token is trading above the middle Bollinger Band near $1.10, which keeps the short-term rebound alive.
The upper Bollinger Band sits near $1.18. That matches the area traders are watching for a stronger breakout. Until the token closes above that zone, the move remains a rebound inside a weak structure rather than a confirmed trend shift.
XRP price chart, source: crypto.news The lower Bollinger Band sits near $1.01. That level remains important if selling pressure returns. A break below $1.10 would increase the risk of a move back toward that area.
Momentum also shows a mixed picture. The Stochastic RSI is elevated, with readings near 88.63 and 95.08. That shows strong short-term momentum, but it also places XRP close to overbought territory. Since the faster line has moved below the slower line, the rebound may be losing some force.
EGRAG Crypto said XRP must defend $1.10 after moving below the 21 EMA on the four-hour chart. He said, “Hold $1.10 = structure still alive,” while a loss of $1.06 would increase caution.
#XRP – The Retest That Matters 👀 – Short-Term ( 4H TF): #XRP is now at the real short-term test.
📒Note: We broke below the 21 EMA, and you all know the 21 EMA is my momentum gauge across timeframes.
📒Note: But the structure is not dead yet. Why? Because #XRP is now wicking… pic.twitter.com/8T7pBTbQHE
— EGRAG CRYPTO (@egragcrypto) July 6, 2026 Dark Defender took a more bullish weekly view and said XRP is “launching the Wave 5 without the Clarity Act.” Other analysts also pointed to higher long-term targets, but those views still depend on price clearing the current resistance zone first.
Spot demand rises while perps stay defensive On-chain and derivatives data show a split market. CryptoQuant analyst Amr Taha said XRP’s estimated spot CVD across centralized exchanges rose from about minus $42 million on May 12 to plus $406 million by July 7.
That change points to stronger spot buying across exchanges. It suggests market buyers have absorbed more available XRP supply over the past two months.
The derivatives market shows the opposite trend. Binance perpetual CVD fell from about minus $48 million to minus $783 million over the same period. That shows sustained sell-side pressure from perpetual traders.
Open interest also fell from about $255 million on May 22 to $203 million on July 7. That drop suggests leveraged traders have reduced exposure while spot buyers have become more active.
Binance spot data has improved, but it has not turned positive. Estimated spot CVD on Binance rose from about minus $212 million on June 25 to minus $173 million on July 7, showing that selling pressure has eased but not fully reversed.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Ripple has announced it will match all XRP donations up to $10,000 in support of a fundraising drive for the Call of Duty Endowment, timed to coincide with America’s Independence Day. The campaign, which aligns with America250’s Giving4th initiative, encourages nationwide participation in giving and solidarity on July 4th. Ripple’s matching offer aims to boost engagement and support for veterans seeking employment opportunities after their military service.
Ripple pledges support for veteransCall of Duty Endowment is a nonprofit organization dedicated to helping unemployed military veterans find meaningful work in civilian life. According to the foundation, over 165,000 veterans have been placed in jobs so far, and its goal is to increase this number to 200,000 by 2030. Ripple announced that contributions could be made in cash, stocks, XRP, or the US dollar–backed stablecoin RLUSD, and committed to matching every donation up to $10,000 in XRP.
At the time of reporting, the campaign had collected $814.19, with XRP trading at around $1.14. Social media users expressed their gratitude to Ripple CEO Brad Garlinghouse for his support of the initiative. Garlinghouse, known as a prominent leader at Ripple, often represents the company in its statements on regulatory developments.
Ripple has pledged to match donations to the Call of Duty Endowment up to $10,000 in XRP, channeling this assistance to support US veterans through the organization’s programs.
The matching campaign not only highlights Ripple’s commitment to corporate social responsibility, but also leverages the cryptocurrency community’s enthusiasm for charitable causes. By supporting veteran reintegration efforts, Ripple aims to make a broader impact as part of the July 4th Giving4th movement.
Regulatory spotlight in WashingtonSimultaneously, Ripple launched a physical advertising campaign at Union Station in Washington, DC, one of America’s busiest transit hubs. The campaign’s messaging emphasized Ripple’s ongoing leadership role and called for greater regulatory clarity in the cryptocurrency market.
With this strategic placement, Ripple brought its message face to face with policymakers, business leaders, and the thousands of commuters passing through the station daily. Cryptocurrency analyst SMQKE was among the first to highlight the campaign on social media, underscoring its public reach.
The advertisements at Union Station brought Ripple’s call for clearer crypto asset regulations directly into the center of attention for key decision-makers and the business community.
The campaign represents Ripple’s broader effort to influence regulatory dialogue and underscores the importance of structured policies for the digital asset sector in the US.
On July 6, Ripple received approval for a Crypto Asset Service Provider license from Luxembourg’s financial regulator, CSSF. This development allows the company to operate compliantly under the European Union’s Markets in Crypto-Assets (MiCA) legal framework, which creates uniform rules for providing crypto services across the EU.
MiCA (Markets in Crypto-Assets Regulation) is the EU’s comprehensive legislation setting common standards for crypto service providers, while CSSF oversees financial regulations in Luxembourg. The new authorization enables Ripple to offer compliant digital asset services in all 30 countries within the European Economic Area, expanding its reach to financial institutions, corporations, and commercial enterprises across the region.
Ripple stated that it now holds more than 75 regulatory licenses worldwide. In the same week, the company launched a charitable campaign, conducted a visibility initiative in the US capital, and solidified its regulatory standing in Europe—a series of coordinated moves reflecting Ripple’s multifaceted global strategy.
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.
DOGE, ADA, and XLM are the other losers from the larger-cap alts.
Bitcoin’s price faced a real rollercoaster in the past 24 hours after Strategy announced another sale, this time a lot bigger than the previous. However, it managed to recover most of the losses and even spiked somewhat surprisingly.
Most altcoins have remained relatively sluggish on a daily scale. XRP has dipped further away from a critical support line after failing at $1.15 earlier.
BTC Rebounds After Strategy Drop Bitcoin dipped below $58,000 on July 1 for the first time in nearly two years but reacted well and started to recover some of the losses almost immediately. It surged past $60,000 and kept climbing in the following days, even during the past weekend.
Its gradual rebound pushed the asset to over $63,500 on Sunday, where it faced resistance and slipped to under $63,000. Another leg up followed on Monday morning, with the bulls driving BTC to $64,000 for the first time in about two weeks.
However, then came the big news from Strategy. The largest corporate holder of BTC disposed of over 3,500 units, which led to an immediate price drop to $61,200. As the FUD kept spreading, though, the cryptocurrency rebounded instantly and surged past $64,500 by the end of the day to mark another local peak.
It couldn’t keep climbing and has returned to $63,000 as of now, the level it stood at yesterday before Strategy’s announcement. Its market cap remains above $1.260 trillion, while its dominance over the alts is still at 56.6% on CG.
BTCUSD July 7. Source: TradingView XRP, DOGE in the Red Most larger-cap alts have managed to defend their levels after yesterday’s volatility. Ethereum is still stuck between $1,750 and $1,800, while BNB remains below $580. XRP has dropped further away from the key support at $1.15 following a 1.3% daily decline to $1.1275.
Even more painful drops are evident from DOGE, ADA, XLM, and CC. While the first couple are down by 2-3%, the last has dumped by over 5% daily. In contrast, SOL, HYPE, RAIN, and ZEC have posted minor gains, while WLFI, AAVE, MORPHO, and DEXE have gained up to 8%.
The total crypto market cap continues to sit in a familiar range, currently at $2.240 trillion.
Cryptocurrency Market Overview July 7. Source: QuantifyCrypto
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
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Citi assigns SpaceX a "Buy" rating, with a target price of $200.
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UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
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Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
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Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
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UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
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Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
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Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
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Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
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.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
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Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
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Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
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Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
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He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
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Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
Ethereum co-founder Vitalik Buterin has a revised technical roadmap that researchers broadly support. The problem: they're also impatient.
Buterin's updated "strawmap," published July 5 following Ethereum's Berlin research summit, describes a three-to-four-year protocol overhaul that would touch nearly every major component of the network — consensus layer, execution environment, state management, and cryptography. The framework, dubbed "Lean Ethereum," is the most comprehensive restructuring proposal since the 2022 Merge that moved the network from proof-of-work to proof-of-stake.
Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.
The updated strawmap is at https://t.co/HZEerH1xxI, and I attached a picture of it to this post.
My… pic.twitter.com/KPGayHSySf
— vitalik.eth (@VitalikButerin) July 4, 2026 The headline priorities in the updated roadmap are quantum resistance and privacy, both elevated to immediate concerns rather than long-horizon objectives. Quantum resistance involves replacing the elliptic curve cryptography underlying Ethereum's signature scheme with quantum-safe alternatives — work the industry treats as increasingly urgent given advances in quantum computing research. Privacy is now designated a "first-class goal," meaning core protocol components will be designed to enable private, trustless transactions by default, rather than layering privacy solutions on top.
The technical architecture also shifts how Ethereum verifies itself. Rather than every node re-executing every transaction, the network plans to adopt recursive STARKs — a cryptographic proof system that allows a single node to verify that work was done correctly by checking a compact proof, rather than repeating it. The goal is a lighter, faster network that is cheaper to operate and harder to censor.
Ethereum's current "flexible state" — the running record of every account balance, smart contract, and token ledger — would be capped in its current form while new, more scalable state types are introduced. The long-term EVM replacement, RISC-V, remains under consideration as the preferred instruction set architecture for a post-EVM Ethereum.
The market has responded positively. ETH traded at $1,780.99 as of Tuesday, up 11.92% over seven days and 0.04% in the past 24 hours, according to CoinMarketCap data. Bitcoin was at $63,411, up 5.78% over the week.
The execution timeline is where consensus fractures. Ethereum core developers broadly endorse the roadmap's direction but are pressing for faster delivery. The Strawmap remains a multi-year programme with no guaranteed hard dates — a structural reality that sits uncomfortably against a competitive landscape where Solana has gained significant developer and institutional ground on throughput and latency.
The fork choice between a technically superior but slower roadmap and a market that rewards speed is one Ethereum's research community has not yet resolved.
Bitmine Immersion Technologies (@BitMNR) has added another $74 million worth of Ether to its growing treasury, with chairman Tom Lee (@fundstrat) citing the improving legislative outlook for the CLARITY Act as a key driver behind the firm's continued accumulation.
Another $74 Million in ETH Bitmine bought 42,197 $ETH last week, worth about $74 million, continuing its buying spree. The latest purchase lifted the company's holdings to 5.74 million ETH, according to a Monday update. The firm now holds 5,742,237 ETH worth $10.3 billion, making it the largest public corporate Ethereum holder with 4.758% of the total supply. That puts Bitmine within striking distance of its self-described "Alchemy of 5%" target, a goal of controlling more than 5% of all Ether in existence.
The acquisition marks an increase from the prior week's purchase of 27,084 ETH, though it remains below the six-figure weekly buying pace Bitmine maintained earlier this year. Bitmine's continued buying contrasts with a shift at Strategy (MSTR), the largest digital asset treasury and corporate bitcoin holder, which sold about $216 million worth of BTC to raise cash.
Lee Points to CLARITY Act as Catalyst Chairman Thomas Lee attributed ETH's recent outperformance of bitcoin and Bitmine's continued accumulation to rising investor optimism that the proposed CLARITY Act will pass and bring greater regulatory certainty to crypto, especially Ethereum. "We believe regulatory clarity is an important milestone, enabling crypto, particularly smart contract platforms like Ethereum, to benefit as crypto becomes part of our everyday life," Lee said. He pointed to Ethereum layer-2 networks processing USDC transactions for companies including Shopify and Visa as examples of blockchain technology moving into mainstream payments.
The CLARITY Act has made notable progress in Washington in recent months. The cryptocurrency industry notched a key win after a Senate panel approved the bill, the first wide-ranging piece of legislation pertaining to the industry. On June 1, 2026, a new version of the Senate Banking bill was published, and the CLARITY Act was placed on the Senate Legislative Calendar under General Orders, making it formally eligible for full Senate floor consideration. However, to become law, the bill must still be reconciled with the Senate Agriculture Committee's version, pass a 60-vote Senate floor vote, be reconciled with the House-passed version, and be signed by the President.
Beyond the treasury build, the company has staked more than 4.8 million ETH through its MAVAN staking platform and related infrastructure, generating recurring staking income alongside its treasury strategy. According to the company, annualized staking rewards at current rates could reach approximately $277 million when its Ether treasury becomes fully deployed through MAVAN and affiliated validators.
Sources:
CoinDesk: Bitmine buys 42k ETH while Tom Lee bets on Clarity Act boost
CoinGecko: BitMine Immersion Crypto Treasury Holdings
CNBC: Clarity Act clears Senate Banking Committee
According to a recent update, Ethereum has already taken the lead in the financial infrastructure for digital dollars and tokenized assets, and this is not just hype.
Artemis reported that Ethereum has more than $150 billion in on-chain stablecoin liquidity. This is noteworthy because stablecoins represent actual economic activity rather than speculative activity.
Source: Whale Factor/X Ethereum’s market dynamics This occurred at a time when the price of Ethereum [ETH] was trading at $1,748.47 at press time, following an 11% increase over the previous week.
Source: SoSo Value The ETH ETF, on the other hand, has been experiencing a prolonged period of outflows with a few exceptions.
However, on the 1st and 2nd of July, ETH ETFs recorded inflows worth $14.8 million and $29 million, respectively, highlighting renewed momentum.
Is buying momentum slowly rearing or ETH? At the same time, many analysts are eyeing the $1,750–$1,800 range as a critical level because it has frequently served as a barrier where sellers have intervened to stop additional gains.
Ethereum has retreated in price every time it has approached this zone lately due to increased selling pressure from traders aiming to short the asset or take profits.
This shows that at those levels, supply has outpaced demand. However, Ethereum has the potential to indicate that buyers have absorbed the available selling pressure, provided it were to hold above $1,750–$1,800 with strong trading volume.
Community sentiments echo bullish notions for the altcoin Interestingly, echoing somewhat similar sentiment, another analyst added,
ETH just double bottomed.
In other words, a double bottom occurs when the price of Ethereum hits a support level, bounces back, falls back to about the same level without breaking lower, and then rises once more. It is often seen as an indication that buyers are starting to regain control despite the selling pressure trying to barge in.
Therefore, the analyst predicted it best when he added,
~8,500 for ETH by mid 2027, thanks to stablecoins and RWA moving onchain.
What’s more? Meanwhile, Ethereum has also entered a new stage of development with Lean Ethereum, a multi-year plan to completely redesign the network’s core protocol over the course of the next three to four years.
Ergo, as the gap between speculative capital inflow and network utility becomes more pronounced, it may result in further price appreciation.
Final Summary Ethereum’s on-chain stablecoin liquidity skyrockets with its price trading at $1,748.47, and ETH ETF, experiencing a prolonged period of outflows. Analysts consider the $1,750–$1,800 range as a critical price zone because it has frequently served as a barrier where sellers have intervened to stop additional gains.
While most institutional investors bet on bitcoin, BitMine chooses a different path. This tech giant listed on the stock exchange has just strengthened its position on Ethereum with a purchase of 74 million dollars. For many crypto analysts, this choice contrasts with the Strategy approach. But not only! It could also redefine Ethereum’s place (currently considered the second largest cryptocurrency worldwide) in company balance sheets.
In Brief BitMine has acquired approximately 74 million more dollars in Ethereum. The company now holds 5.74 million ETH, nearly 4.8% of the circulating supply. Over 4.87 million ETH are already staked on Ethereum, generating recurring income. Its chairman Tom Lee believes that the evolution of the US regulatory framework could accelerate institutional adoption of Ethereum. This strategy contrasts with Strategy’s, which remains largely focused on bitcoin. Ethereum: BitMine Approaches Its Goal of 5% of Supply According to data published on July 5, BitMine now holds 5,742,237 ETH. This represents an increase of 42,197 tokens compared to its previous report. The reference price is about $1,759 per token at the time of declaration. This means that the latest Ethereum purchase by BitMine amounts to nearly 74 million dollars.
This announcement is particularly important as it places BitMine at 4.8% of the Ethereum supply. Thus, the company has already covered about 95% of the path towards its stated goal: 5% of the total crypto treasury of the network.
It is even evident that BitMine’s buying pace has accelerated significantly compared to the previous week. The data shows the acquisition of only 27,084 ETH then. However, this latest acquisition remains lower than the six-figure pace that BitMine Immersion Technologies maintained earlier this year.
Good to know: the group’s total holdings now reach $11.1 billion. These include its stakes in Beast Industries and Eightco Holdings, cash, crypto assets, and various investments.
Ethereum Outperforms Bitcoin Thanks to the CLARITY Act According to data, Ethereum outperformed Bitcoin by 6% last week. BitMine chairman Tom Lee attributes this momentum to growing optimism among crypto investors about the imminent adoption of the Clarity Act. On Polymarket, for example, the likelihood that this legislation will be passed by the end of the year is evaluated at about 48 to 50%. This is the highest level in two weeks.
Some crypto figures hope for a vote by the end of summer. This is notably the case for Scott Benson. Note that this bill requires 60 votes to pass. This threshold is uncertain given reservations from several Democratic lawmakers on ethical questions.
For his part, Lee said:
We believe that regulatory clarity is an important step that will allow cryptocurrencies, and particularly smart contract platforms like Ethereum, to benefit from their growing integration into our daily lives.
According to him, the increase in the ETH/BTC ratio in recent days is a sign: the crypto market already anticipates a more favorable adoption of the legislation. To support this thesis, Tom Lee even cites the growing use of Layer 2 Ethereum networks. They now process USDC transactions for players like Shopify and Visa.
Breakdown: the technology is already integrating into mainstream payment infrastructures.
Graph showing the evolution of the ETH/BTC ratio over a 7-day period (Source: TradingView) Ethereum Staking: BitMine’s Financial Engine Versus Strategy Strategy has just sold 3,588 BTC for about 216 million dollars to:
finance its dividends; keep a reserve of 2.55 billion dollars. BitMine’s strategy is quite different. It finances its own distributions through the yield generated by Ethereum staking.
Of its 5.74 million ETH, 4,879,157 tokens are currently staked via the MAVAN platform. This equates to roughly 8.8 billion dollars, or 85% of the company’s total holdings. The seven-day staking yield stands at 2.68% annualized. This has generated a projected income of 235 million dollars per year. This figure could rise to 277 million dollars once all positions switch to MAVAN. This revenue stream funds the BMNP preferred stock payment, whose weekly dividend reaches a rate of 9.5%.
Thus, BitMine and Strategy display two distinct philosophies in crypto treasury management:
on one side, selling assets to meet financial commitments; on the other, generating native yield via Ethereum without having to liquidate the principal capital. A Notable Point: Ethereum Rises, but BitMine Stock Remains Under Pressure Despite this favorable momentum on Ethereum, the BMNR stock still struggles to convince financial markets. The proof: the stock currently trades 49.3% below its 200-day moving average. Data also highlight the formation of a death cross since January. Even worse! June recorded the annual low, close to $12.80.
For investors tracking BMNR, the 20-day moving average level at $15.23 constitutes the first resistance to overcome to trigger a sustainable technical rebound. Conversely, a break below June’s low would reopen the path to a new bearish phase, with no major support identified below this threshold.
This discrepancy between the conviction shown on Ethereum by management and BitMine’s market valuation illustrates ongoing market caution toward crypto treasury strategies, even when the underlying token’s fundamentals improve.
In any case, BitMine’s accumulation of Ethereum reflects a bet on American regulatory clarity. It remains to be seen if the Senate will approve the CLARITY Act. This awaited vote could sustainably redefine the balance between Bitcoin and Ethereum in the crypto market.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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Key Highlights BitMine purchased an additional 42,197 ETH during the past week, expanding total reserves to 5.74 million ETH (valued at approximately $10.27 billion) The company’s Ethereum position now represents about 4.75% of the circulating supply, nearing its strategic 5% accumulation target Ethereum currently trades near $1,747, experiencing a modest 1.10% decline over the last 24-hour period Technical analyst Ali Martinez highlights that maintaining price action above $1,750 is essential to preserve the active TD Sequential buy formation Critical resistance zone identified at $1,806–$1,807; failure to defend $1,750 could trigger downside movement toward lower support thresholds At press time, Ethereum (ETH) is changing hands around $1,747, commanding a market capitalization near $211.25 billion alongside 24-hour volume reaching $12.46 billion. Despite the minor 1.10% pullback in recent trading, technical patterns indicate the asset’s recovery trajectory from previous lows remains structurally sound.
Ethereum (ETH) Price BitMine Immersion Technologies (BMNR) maintained its aggressive Ethereum accumulation strategy throughout the previous week, acquiring 42,197 ETH for its corporate treasury. This latest purchase elevates BitMine’s aggregate ETH position to 5.74 million tokens, representing approximately $10.27 billion in current market value.
Bitmine Acquires 42,197 ETH in a Week, Holdings Rise to 5.74M ETH
Bitmine said it acquired 42,197 ETH over the past week, bringing its total holdings to 5,742,237 ETH, equivalent to 4.8% of Ethereum’s circulating supply. Its crypto, cash, marketable securities, and other… pic.twitter.com/KorgMJI77d
— Wu Blockchain (@WuBlockchain) July 6, 2026
Data from blockchain intelligence platform Arkham indicates BitMine’s holdings now constitute roughly 4.75% of Ethereum’s available circulating supply. To achieve its publicly stated objective of securing 5% total supply ownership, the firm requires an additional $523.7 million in ETH purchases—a target well within reach given its existing cash position.
Cryptocurrency market analyst Ted (@TedPillows on X) observed that ETH has successfully reclaimed the February 2026 low price point, which he characterizes as a pivotal technical threshold. According to his analysis, sustained price action above this zone could catalyze an additional 8–10% upward movement.
Beyond Ethereum, BitMine’s diversified digital asset portfolio includes 206 Bitcoin tokens, a $180 million equity position in Beast Industries, $71 million allocated to Worldcoin treasury holdings, and $527 million maintained in cash and liquid securities.
BitMine Chairman Thomas Lee addressed evolving regulatory dynamics, emphasizing that clear regulatory frameworks remain crucial for smart contract ecosystems such as Ethereum. Lee referenced improved legislative prospects for the Clarity Act as a positive development.
BitMine’s Ethereum Staking Operations BitMine currently maintains 4.87 million staked ETH, positioning it as the world’s largest single staking entity. This operation generates annualized staking income of approximately $235 million.
Lee has publicly stated that revenue from staking activities sufficiently covers the company’s dividend commitments associated with its recently introduced preferred equity offering. This distinction gains relevance following Strategy’s decision to liquidate 3,588 BTC last week for dividend funding purposes, prompting speculation about whether Ethereum-focused treasury companies face comparable financial pressures.
Critical Price Zones for ETH On July 6, market technician Ali Martinez identified an hourly timeframe TD Sequential buy configuration forming on Ethereum. According to Martinez’s interpretation, this bullish pattern maintains validity only while ETH sustains price levels above $1,750. Successful defense of this threshold establishes potential targeting toward $1,800–$1,826. Conversely, a breakdown beneath $1,750 would negate the technical setup.
Ethereum $ETH just flashed a new hourly Tom DeMark Sequential buy signal.
Hold $1,750, and a rebound toward $1,800 could follow. Lose it, and the bullish setup is invalidated. pic.twitter.com/mzmWOQsbY3
— Ali Charts (@alicharts) July 6, 2026
Ethereum presently trades above the Bollinger Bands centerline positioned at $1,673.08. The MACD indicator at -15.01 crossing above its signal line at -45.38 suggests strengthening bullish momentum characteristics.
Analyzing the daily timeframe reveals ETH trading beneath both its 50-day EMA at $1,807 and 100-day EMA at $1,970. Overhead resistance concentrates around $1,806–$1,807, with subsequent barriers identified at $1,909, $2,018, and $2,107.
Downside support establishes at $1,741 and the 20-day EMA located at $1,714. Additional foundational support zones exist at $1,524, $1,404, and $1,155.
The Relative Strength Index registers at 58, indicating developing positive momentum, while the Stochastic oscillator approaching 90 warns of potential short-term overbought conditions near current resistance territory.
President Donald Trump has once again thrown his support behind Bitcoin and crypto, giving the market another boost just as blockchain activity continues to strengthen. According to one analyst, Trump’s latest comments, combined with record stablecoin usage and Ethereum’s growing role in finance, suggest the next phase of the crypto bull market could be getting closer.
Trump Says the U.S. Must Lead CryptoDuring a recent speech, Trump called himself a “big fan of crypto” and said the U.S. needs to stay ahead of China.
He said he wasn’t always convinced about crypto but changed his mind after watching the industry grow.
According to Trump, “I’m a big crypto guy only for one reason. If we don’t have it, China is going to have it. They would like to have it. I wasn’t initially. I didn’t know much about it. But I watched it grow, and it’s a huge industry.”
Trump also criticized the previous administration’s handling of crypto, saying regulators tried to hurt the industry through investigations and enforcement. He added that crypto has a “tremendous audience” and suggested his pro-crypto stance helped him win support from the community.
“I went very pro-crypto, as you know, Biden was totally against it. But he had no idea what crypto is. They were very violently against it. What they were doing to crypto was horrible. It’s amazing it survived that onslaught.” Trump said.
The comments came alongside the launch of the new Trump Accounts savings program. While Bitcoin isn’t included yet, Trump hinted that crypto could play a bigger role in the future, keeping investors hopeful.
Stablecoin Activity Hits a RecordAdding to the current crypto outlook, the analyst also pointed to another bullish sign that is stablecoin adoption.
Stablecoin transaction volume reached a record $1.79 trillion in June, indicating that more money continues to flow through blockchain networks.
June 2026 was another record month for stablecoin transaction volume (according to the Allium measure), just ahead of February 2026 pic.twitter.com/oEuT6ueuai
— Zach Pandl (@LowBeta) July 5, 2026 USDT and USDC remain the biggest stablecoins, while Ethereum, Tron, and Solana continue to host most of the supply. According to the analyst, Ethereum and Solana are especially well positioned as the U.S. pushes further into regulated stablecoin adoption.
Ethereum’s Long-Term Story Remains StrongEthereum also received another major vote of confidence from Vivek Raman, who thinks ETH’s long-term potential is much bigger than many investors realize.
Raman said Ethereum could eventually power trillions of dollars in tokenized assets and financial products, making ETH one of the most valuable assets in the crypto economy.
He also repeated his long-term $250,000 Ethereum price target, saying the market still has plenty of room to grow even if it takes time to get there.
With Trump continuing to support digital assets, stablecoin usage reaching new highs, and Ethereum’s fundamentals improving, the analyst says the market is showing signs that the next bull run could be starting rather than ending.
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Ethereum traded near $1,777.49 at the time of writing, up 0.5% in the past 24 hours, according to crypto.news market data.
Summary
Ethereum must close above $1,800 to strengthen the short-term bullish setup, analysts say. Binance liquidity has improved, but rising exchange reserves still pose selling pressure near $2,000 resistance. MACD and RSI support recovery, while $1,750 remains the key level for bullish invalidation. The token had a 24-hour low of $1,732.10 and a high of $1,819.88, while daily trading volume stood near $17.08 billion.
The move kept ETH close to the $1,800 area, which traders now view as the main short-term resistance zone. The token has recovered from the sharp June selloff after buyers defended the $1,500 to $1,600 area.
The current setup has turned attention to a daily close above $1,800. Analysts say that level could decide whether ETH builds a stronger recovery or stays trapped in a range above $1,700.
Ethereum climbed about 12% from July 1 as weaker U.S. jobs data and renewed spot ETF inflows brought buyers back into the market. According to SoSoValue data, on July 6, Ethereum spot ETFs recorded a total net inflow of USD 29.082 million, led by BlackRock’s ETHA with USD 29.742 million in single-day net inflows.
Ethereum Spot ETF Net Inflow, source: SoSoValue Analysts watch $1,800 and $1,844 Analyst Ali Charts said Ethereum is testing the 0.8 MVRV Pricing Band near $1,796. He said the same area aligns with the TD Sequential resistance trendline, making it a key technical level for traders.
Ali said a daily close above $1,796, followed by a hold as support, would strengthen the bullish case. He added that a move through the TD risk line at $1,816 could open the way for a test of the channel resistance near $1,844.
“A break above both $1,796 and $1,816 could trigger a bullish breakout,” Ali said in his Ethereum setup. He placed Ethereum’s realized price target near $2,245 if buyers clear those levels and hold momentum.
ETHEREUM BULLISH TRIGGER: $1,800
Ethereum is currently testing the 0.8 MVRV Pricing Band at $1,796 as resistance.
A daily close above this level, followed by a successful hold as support, would strengthen the bullish case and could open the door for a move toward Ethereum’s… pic.twitter.com/Ya7YyEHGjB
— Ali Charts (@alicharts) July 6, 2026 Daan Crypto Trades also pointed to $1,800 as the level that matters most on the current timeframe. “If bulls can get a daily close over $1,800, that’d be the first sign of strength for me,” he said in an X post.
The lower level remains clear. Daan and Ali both pointed to $1,750 as the support that bulls must defend. A loss of that level would weaken the current setup and could return focus to the $1,700 area.
Indicators support short-term recovery The ETH/USDT daily chart shows a recovery from the June low. ETH bounced from the $1,500 to $1,600 range and moved toward $1,800 before cooling slightly.
Momentum indicators support the rebound. The MACD histogram is positive near 31.83, while the MACD line sits near -4.67 and above the signal line near -36.50. This shows improving momentum, though the MACD line still needs to move above zero to confirm a stronger trend shift.
Ethereum (ETH) price chart, source: crypto.news The RSI is also improving. It sits near 55.95, above its moving average near 43.25. That places RSI above the neutral 50 level, which shows buyers have short-term control without pushing the token into overbought territory.
As previously reported, Ethereum had already shown a rare TD buy signal while spot Ethereum ETF inflows returned.
Binance liquidity improves, but reserves raise risk On-chain data gives a mixed view. CryptoQuant analyst Arab Chain said the ETH Binance 30-day exchange liquidity ratio rose to about 5.22. The reading was based on about 20.32 million ETH in 30-day trading volume and around 3.8 million ETH in Binance reserves.
That means each ETH held on Binance turned over more than five times during the period. The reading points to active trading and better use of available exchange liquidity. It also suggests that Binance can support strong ETH trading activity without a large rise in reserves.
Still, rising exchange supply remains a risk. CryptoQuant analyst BorisD said Binance held about 3.893 million ETH, while Bitfinex held 2.2 million ETH, OKX held 1.18 million ETH, and Bybit held 314,000 ETH. He said ETH inflows into Binance and OKX could add selling pressure if demand fails to absorb the extra supply.
Moreover, Binance users had already increased their ETH balances by 10.17% to about 4.14 million ETH in its June proof-of-reserves snapshot. Larger user balances can reflect deposits, purchases, internal transfers, or account activity, so the data does not show one clear reason.
The next test sits near $1,800. A clean daily close above that level could push ETH toward $1,844, then $2,060 and $2,245. A rejection, or a break below $1,750, would keep Ethereum in a choppy range and raise the risk of another move toward $1,700.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Ethereum has recovered from yesterday’s sharp sell-off and is once again testing the crucial $1,800 resistance level. After falling to nearly $1,728 following Strategy’s $216 million Bitcoin sale, ETH has bounced back toward $1,800.
However, this price zone has rejected Ethereum five times over the past month. So, will this be the breakout that finally sends ETH toward $2,245?
What Needs to Happen for Ethereum to Rally?Ethereum’s recent recovery has brought it back to one of its biggest resistance levels. Over the past month, ETH has failed five times to move above the $1,800–$1,830 range, with sellers stepping in every time the price attempted a breakout.
Now, crypto analyst Ali Martinez believes Ethereum is testing the same level again.
According to him, Ethereum is currently testing the 0.8 MVRV Pricing Band, located around $1,796, which has become one of the most important resistance levels on the chart.
Martinez explained that Ethereum’s bullish rally could begin once it successfully closes above the $1,796 resistance and turns it into support.
Martinez Point $2,245 Next As A Major Target Further into the analysis, he also pointed out that another key resistance, known as the TD Sequential Risk Line, sits near $1,816.
If Ethereum breaks above both levels, the next resistance comes around $1,844, which marks the top of the current trading channel.
According to Martinez, clearing all three resistance levels could open the door for a move toward Ethereum’s Realized Price near $2,245.
Ethereum Begins To Outperform BitcoinBacking Martinez’s analysis, popular crypto trader Michael van de Poppe also believes Ethereum is showing improving momentum.
“I don’t think that the bearish divergences are actually applicable to the markets. ETH has a completely different picture at this point; it shows much more strength.”
Looking at the Ethereum daily price chart, ETH is forming a W-shaped recovery pattern, while its recent performance against Bitcoin has been the strongest in more than a year.
He also noted that the bearish divergence seen across many altcoins is not appearing on Ethereum, suggesting ETH continues to show relative strength.
Instead of expecting another major drop, Van de Poppe believes Ethereum has room to move higher in the coming weeks.
Ethereum ETF Saw Inflow For Straight Three DaysIt’s not just Ethereum’s price showing signs of recovery, as institutional interest is also picking up.
According to Farside Investors, U.S. spot Ethereum ETFs recorded $20.7 million in net inflows on July 6, marking the third consecutive day of positive flows. Total inflows over the three days have now reached $64.5 million.
BlackRock’s iShares Ethereum Trust (ETHA) led the inflows, attracting $23.3 million in fresh capital.
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In recent days, the cryptocurrency market has seen a wave of rebound buying, creating distinct technical patterns among three major assets. While attempts at recovery in Dogecoin and Bitcoin have so far been limited, XRP’s daily chart has shown a noteworthy RSI divergence—a potential early sign of a reversal. Despite these movements, trading volumes across all three cryptocurrencies remain insufficient to confirm a strong market rebound.
Dogecoin’s recovery lacks strong volumeDogecoin has managed to bounce from its local low around $0.07, clawing back some recent losses. However, the technical outlook suggests this is more of a brief relief rally than the beginning of a lasting trend reversal. Low trading activity remains the weakest link in Dogecoin’s latest upward attempt.
Despite modest gains in recent sessions, purchasing interest in Dogecoin lags behind levels seen during past recoveries. Historically, significant Dogecoin rallies have coincided with clear spikes in trading volume. The current situation indicates that buyers have yet to return to the market in force.
The latest green candles on Dogecoin’s chart have formed with relatively low participation, leading analysts to view the move as a temporary reaction rather than a sustained rally.
DOGE continues to trade below all major moving averages, maintaining a bearish technical structure. Even if a short-term bounce materializes, strong selling pressure is expected between $0.08 and $0.09. Since the May peak, Dogecoin’s price action has consistently set lower highs and lower lows, a classic hallmark of a downtrend.
XRP’s bullish RSI divergence stands outXRP has delivered one of the most notable technical signals in recent weeks. Even as its price touched a new local low near $1.05, the RSI indicator did not confirm the drop. This setup, known in the market as a bullish divergence, is often interpreted as an early hint of a potential reversal.
Glossary: RSI, or Relative Strength Index, is a momentum indicator. When price makes a new low but RSI does not, this divergence can signal weakening selling pressure.
This pattern suggests that while sellers can still push XRP to short-term lows, the downside momentum appears to be fading. Nonetheless, the broader trend has yet to turn positive. XRP continues to trade beneath all major moving averages, with the 50-day exponential moving average now acting as the nearest dynamic resistance.
XRP’s bullish RSI divergence is currently the most promising positive signal on its chart, though a meaningful reversal will require both a breakout above resistance and strong trading volume.
Should XRP reclaim ground above the 50-day average, the $1.20 to $1.30 range may come back into play. This area aligns with the 100-day moving average and former support-turned-resistance levels. For now, however, normal trading volumes indicate that the latest recovery has yet to attract broad-based buying.
Bitcoin’s cautious recovery keeps sentiment in checkBitcoin has rebounded from its recent low near $59,000, but current price action fails to confirm a strong trend reversal. The end of June’s sharp sell-off offered the market a brief respite, but the wider technical picture still calls for caution rather than optimism.
The break of the trendline that had supported April and May’s climb triggered a sharp wave of liquidations, erasing much of the preceding gains. While rapid drops can sometimes lead to short-lived rebounds, most analysts do not see the latest move as evidence of a lasting turnaround. Notably, the strongest trading volumes of recent weeks have taken place during sell-offs, indicating distribution rather than accumulation.
For Bitcoin to signal a more reliable comeback, it must first reclaim the 50-day exponential moving average around $63,000, followed by the 100-day average near $66,000. Until these levels are recovered, the current upswing will be viewed as a technical relief rally within a broader downtrend.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Leading cryptocurrencies moved sideways on Monday as high-profile Bitcoin sell-offs were offset by growing optimism for a Strategic Bitcoin Reserve.
Bitcoin Dips And Then RipsEthereum oscillated between $1,728 and $1,820 throughout the day, with trading volume surging 43% over the last 24 hours.
Over $500 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $300 million in bearish short positions erased, according to Coinglass data
Market sentiment improved from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.21 trillion, following a modest increase of 0.48% over the last 24 hours.
Stocks Rally To Kick Off Big WeekStocks started the fresh trading week on a high. The Dow Jones Industrial Average rallied 136.46 points, or 0.26%, for a record close of 52,319.20. The S&P 500 gained 0.79% to close at 7,499.36, while the tech-heavy Nasdaq Composite
lifted 1.52% to settle at 26,213.72.
What To Expect Next?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, reaffirms his Bitcoin thesis, noting a higher low formed and potential tests of recent highs in the days ahead.
“There’s a lot of upside to come if Bitcoin breaks back in the range, as the liquidity will likely flow towards altcoins rather than Bitcoin,” the analyst projected.
Ali Martinez, another influential cryptocurrency commentator, flagged $1,796 as the immediate resistance for Ethereum, with a daily close and hold above it strengthening the case for a rally to the realized price target of $2,245.
Photo Courtesy: vinnstock on Shutterstock.com
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Hyperliquid (@HyperliquidX) $HYPE has overtaken Dogecoin (@dogecoin) $DOGE to claim ninth place in the global cryptocurrency market cap rankings, marking one of the more notable ranking shifts of the current cycle.
What Is Driving the Move The rally has been underpinned by a combination of rising platform usage, competitive fees, and a mechanical buyback programme embedded directly in the protocol. Around 99% of fees from Hyperliquid's perpetuals and spot order book are routed to the Assistance Fund, which continuously purchases and burns HYPE tokens, removing them permanently from circulating supply. The result is a structural link between trading volume and token demand: the more the exchange trades, the more tokens get bought and destroyed.
That volume has been substantial. Hyperliquid has now crossed $1.1 billion in cumulative buybacks, with the protocol recording a single buyback of $283 million, described as the largest in the industry since the start of 2026. The platform has burned over 41 million tokens to date, reducing circulating supply by roughly 4.2%.
Geopolitical tension also played a role. When Middle East volatility spiked, Hyperliquid's around-the-clock trading gave it an edge over venues that observe fixed daily halt periods. TD Securities noted that the platform's oil perpetual futures volume jumped from $25 million to over $550 million across three weekends of the US-Israel-Iran conflict, as traders sought continuous price discovery when traditional markets were closed.
Where HYPE Stands Now HYPE set an all-time high of $76.87 on June 16, 2026. At the time of writing, the token sits approximately 9% below that level, having gained 13.3% over the prior seven days, according to CoinGecko data. The token has risen roughly 205% since January 2026.
Institutional interest has added further support. The Bitwise spot HYPE ETF began trading in May 2026 and spot HYPE ETF products collectively recorded $111 million in inflows as of June 30, a contrast to outflows seen in Bitcoin and Ethereum funds over the same period.
The broader narrative around the ranking change reflects a shift in what the market is rewarding. DOGE, which held a top-ten position for much of the past two years, has lacked comparable fundamental catalysts. Analysts have noted that the 2026 cycle has broadly favoured tokens with clear revenue streams over legacy meme coins.
Sources:
DeFiLlama: Hyperliquid Protocol Fees and Revenue
Crypto Briefing: Hyperliquid Records Largest Crypto Buyback at $283M Since January
Watcher.Guru: Hyperliquid Overtakes Dogecoin, Eyes New All-Time High
Key Takeaways DOGE maintains position around $0.077, defending crucial $0.075 support threshold Trump’s declaration as a “big crypto guy” and industry supporter energizes cryptocurrency markets Large wallet holders increased DOGE positions to 73.85 billion tokens, signaling confidence Network analyst Ali Charts identified approximately 50,000 active addresses on Dogecoin blockchain Technical analysis points to upside resistance levels at $0.081, $0.090, $0.10, and $0.12 following potential breakout confirmation Dogecoin currently hovers around $0.077 after maintaining stability throughout the weekend trading session. The popular meme cryptocurrency recorded weekly gains exceeding 5%, positioning itself marginally above a critical support threshold that market participants continue monitoring.
Dogecoin (DOGE) Price The cryptocurrency sector demonstrated overall strength as aggregate market capitalization expanded by 1.04% to reach $2.19 trillion within a 24-hour period. Major digital assets including Bitcoin, Ethereum, XRP, and Solana registered modest upward movements.
Market analyst Ali Charts revealed on July 5 that network activity on Dogecoin’s blockchain surged to approximately 50,000 active addresses, commenting that “Something is brewing.” Such elevated address activity typically indicates heightened user participation and network engagement.
Large-scale investors controlling portfolios exceeding 1 billion DOGE expanded their collective holdings to 73.85 billion tokens. While whale-sized transactions declined to just 12 on Sunday, the overall accumulation trend suggests positive market positioning.
Derivatives market intelligence from Coinglass revealed DOGE trading volume surged 31% to $1.26 billion. Meanwhile, open interest experienced a marginal 0.32% decrease to $1.04 billion, indicating limited fresh leveraged positions entering the market.
Technical indicators present a balanced outlook, with the RSI positioned at 51.52, representing neutral momentum conditions. The Chaikin Money Flow indicator registers a positive 0.08, demonstrating consistent but modest capital inflows into Dogecoin.
Critical Price Levels Under Surveillance Analyst Jesse Peralta’s technical assessment reveals DOGE trading within an extended ascending channel pattern, with current pricing near the channel’s lower boundary. The $0.075 to $0.076 range represents the primary support zone requiring defense.
Maintaining ground above $0.075 positions $0.081 as the immediate upside objective. Beyond that threshold, market observers identify $0.090, $0.10, and $0.12 as sequential recovery milestones. A breach below $0.075 would activate the next support zone spanning $0.070 to $0.068.
Market technician Celal Kucuker observed that DOGE successfully penetrated its extended downtrend line and currently undergoes retesting. Successful validation of this former resistance as emerging support could establish a pathway toward the $0.12 price target.
One of the cleanest altcoin charts right now belongs to $DOGE.
The long-term descending trendline has been broken and is now being retested.
If this level holds as support, I believe a move to $0.12 could come much sooner than many expect.
The chart is speaking. pic.twitter.com/K3epeGX7Sy
— Celal Kucuker (@CelalKucuker) July 5, 2026
Presidential Endorsement Elevates Market Sentiment During Monday’s press briefing, President Donald Trump declared, “I’ve become a big crypto guy, I’m a fan.” He characterized cryptocurrency as “very powerful” and acknowledged the industry as “huge.”
Cryptocurrency commentator That Martini Guy responded on X: “Bitcoin is now impossible for politicians to ignore. That’s a very different world to the one we were living in just a few years ago.” The observation underscored how Trump’s evolving perspective mirrors broader political engagement with digital asset markets.
Donald Trump on Bitcoin:
"I've become a big crypto guy, I'm a fan." 👀
Whether you like him or not.
Bitcoin is now impossible for politicians to ignore.
That's a very different world to the one we were living in just a few years ago.
This says a lot about the direction… pic.twitter.com/mWEFVBgG3u
— That Martini Guy ₿ (@MartiniGuyYT) July 6, 2026
Bitcoin initially declined over 2% after Strategy disclosed disposing of approximately 216 million BTC. However, the leading cryptocurrency rebounded, climbing 1.66% to $63,716 in the wake of Trump’s supportive statements.
The monthly timeframe analysis from Ali Charts identifies a TD Sequential buy signal for DOGE near the $0.077 zone, which certain traders interpret as indicating price exhaustion following an extended weakness period.
DOGE presently trades at $0.07648, with the $0.075 level representing the critical threshold bulls must preserve to sustain upward momentum.
Dogecoin traded at around $0.077 after a relatively flat weekend, maintaining its position just above the closely watched $0.075 support level. The popular meme coin saw a weekly increase of over 5%, standing out amid steadying conditions across the broader cryptocurrency market.
Key market dataThe total value of the cryptocurrency market rose 1.04% in the past 24 hours to $2.19 trillion. During the same period, Bitcoin, Ethereum, XRP, and Solana registered modest gains. Dogecoin’s movement drew particular attention as it outperformed many others amid this market recovery.
Market analyst Ali Charts noted that active addresses on the Dogecoin blockchain surged to approximately 50,000 as of July 5. This rise suggests growing user participation and transaction activity across the Dogecoin network.
Ali Charts highlighted that the number of active addresses on Dogecoin reached about 50,000, emphasizing that new momentum may be emerging in the market.
Whale accumulation also continued, with investors holding more than 1 billion DOGE increasing their combined balance to 73.85 billion tokens. Although the number of large transactions dropped to 12 the same day, overall data pointed to major investors expanding their positions.
In the derivatives market, Coinglass data showed DOGE’s trading volume climbed 31% in the last 24 hours to $1.26 billion. However, the size of open interest slightly fell by 0.32% to $1.04 billion, indicating that leverage inflows remained limited despite increased activity.
Glossary: Open interest refers to the total number of outstanding derivative contracts not yet closed. An increase signals new positions entering the market, while a decrease shows existing positions being closed.
Technical outlook and critical levelsThe relative strength index currently sits at 51.52, indicating balanced momentum. The Chaikin Money Flow gauge holds at 0.08, supporting the view of modest yet positive capital inflows for Dogecoin.
Analyst Jesse Peralta observed that DOGE is trading within a broad ascending channel, with the price hovering near its lower boundary. In the short term, the $0.075–$0.076 range stands out as the primary support zone.
IndicatorLevelMain support$0.075–$0.076Initial resistance$0.081Subsequent targets$0.090, $0.10, $0.12If support breaks$0.070–$0.068If Dogecoin holds above $0.075, $0.081 will serve as the next key resistance. A breakthrough at that level could set the stage for a move toward $0.090, $0.10, and $0.12. Conversely, dropping below $0.075 would shift focus to the $0.070–$0.068 range as the next support.
Analyst Celal Kucuker pointed out that the long-term downtrend line for Dogecoin has been broken to the upside and retested. He notes that maintaining this support could clear the way for a push toward $0.12.
Political statements and market impactUS President Donald Trump expressed a positive stance on cryptocurrencies during a Monday press conference, describing himself as “a big supporter of crypto” and emphasizing that the sector has become a strong and major field.
These remarks further supported optimism in the digital asset market. Ali Charts also signals a TD Sequential buy alert for DOGE on its monthly chart, a technical pattern some investors interpret as waning selling pressure after a prolonged period of weakness. Dogecoin last traded at $0.07648, with the critical $0.075 level remaining essential for the immediate outlook.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cardano (ADA) price has weakened so far this week, extending its losses on Tuesday for the third straight day. Large wallet investors, commonly referred to as whales, remain on the sidelines while retail support eases with ADA futures Open Interest and funding rate plunging sharply over the last 24 hours. The technical outlook for ADA is mildly bearish amid easing bullish momentum.
Whale interest and retail speculation easeCardano is losing demand among large wallets and retail investors, risking the loss of last week's gains. Santiment data shows that investors with more than 1 billion ADA hold 3.22 billion ADA on Tuesday, maintaining a largely stable holding since Friday. A similar trend is seen in cohorts holding 100 million to 1 billion ADA, which have stabilized near 2.53 billion ADA since Thursday.
ADA on-chain data. Source: SantimentOn the retail front, CoinGlass data shows that ADA futures Open Interest (OI) is down 8% over the last 24 hours to $434.34 million, indicating a significant wipeout of leveraged positions. At the same time, the funding rate has dropped to 0.0029%, from 0.0093% the previous day, implying that traders are shifting away from buying ADA long contracts at a premium.
The total liquidations in the same time period amounted to $1.66 million, led by $1.26 million of long liquidations, reaffirming the failing buy-side dominance in Cardano derivatives.
ADA derivatives data. Source: CoinGlassCardano risks a steeper correction below its 50-day EMACardano nears $0.1800 at press time on Tuesday, maintaining a mild bearish bias in the near term. ADA is trading lower, below its 50-day Exponential Moving Average (EMA) at $0.1861, and well under its 200-day EMA at $0.2940.
From a technical perspective, another decisive close below the 50-day EMA could reaffirm the downside bias, with the main structural floor at the June 26 low of $0.1385, projecting a downside risk of over 20%.
Momentum shows early signs of easing, with the Moving Average Convergence Divergence (MACD) holding above its signal line while the positive histogram contracts. At the same time, the Relative Strength Index (RSI) at 56 shows a downtick before reaching the overbought zone, hinting that buying pressure could fade rather than intensify.
ADA/USDT daily price chart.On the topside, initial resistance is located at the 50-day EMA near $0.1861, where a daily close above would be needed to ease the current downside bias, before the more distant 200-day EMA at $0.2940 comes into view as a higher trend barrier.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Stronger on-chain data and improving market sentiment within the Cardano ecosystem have fueled a sharp rebound in ADA’s price in recent days. Despite ADA climbing more than 35 percent off its June 23 low and nearing the 0.20 dollar level, the cryptocurrency slipped by 3.22 percent in the last 24 hours, trading at 0.1834 dollars.
Wallet growth stands out across the ecosystemEverstake, a leading staking provider, has announced that the Cardano network registered 14,783 new active wallets since the June 23 price bottom. The company underscored that this uptick signals renewed confidence in the ecosystem, noting that ADA’s price has also trended back towards 0.20 dollars during the same period. Everstake is widely recognized for delivering validator and staking infrastructure on Cardano.
According to Everstake, the addition of 14,783 new non-empty wallets since June 23 highlights a fresh surge of interest in the Cardano ecosystem.
The rise in active wallet numbers is closely watched by investors as it typically signals stronger long-term participation. An expanding network user base is often seen as a positive force for sentiment during periods of market recovery.
Short-term technical indicators show improvementData from TradingView shows that ADA, after a prolonged bearish trend, has moved above its 50-day moving average. This move suggests a rise in short-term buying momentum. Meanwhile, the Relative Strength Index (RSI) sits at 58, indicating that buying pressure remains robust, although the indicator has not yet entered overbought territory.
Mini glossary: Open interest measures the total number of outstanding contracts in futures and derivatives markets that have not yet been settled. A rise in open interest can point to new capital entering the market and potentially higher volatility ahead.
Nevertheless, ADA continues to trade below its 200-day moving average, signaling that the primary longer-term downtrend is still intact. Nearby resistance is seen between 0.19 and 0.20 dollars, while the first key support area stands near 0.17 dollars.
IndicatorLevelSignificanceCurrent price0.1834 dollarsDown 3.22 percent in past 24 hoursNearby resistance0.19 to 0.20 dollarsWatched for signs of a sustained reboundNearby support0.17 dollarsKey during downward pressureRSI58Buying power intact, not overboughtDerivatives market sees heightened activityAccording to DeFiLlama data, the combination of rising wallet numbers and strengthening technical indicators suggests new buying appetite could emerge. Analysts are closely watching whether clearing the 0.20 dollar resistance will mark the start of a new phase in the recovery.
Data from CoinGlass also points to a significant recent upswing in open interest for Cardano. The growth in open positions alongside a price recovery may indicate that investors are bracing for increased volatility.
CoinGlass data shows a sharp rise in open interest running together with the price rebound, hinting that investors are preparing for a more volatile phase ahead.
Despite these positive signals, high leverage use could dramatically intensify price swings in either direction if the buying momentum fades. For a sustainable strengthening in the market, transaction volumes must remain robust and ADA needs to convincingly overcome the 0.20 dollar area.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
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Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report.
Summary
Heathcote’s planned sale may give investors a rare look at Tether’s private ownership structure. USDT still dominates stablecoins, even as MiCA rules push some European platforms to delist it. Tether says it does not need an IPO while rival crypto firms keep weighing listings. The report said Heathcote is working with PJT Partners and has started talks with potential buyers.
The planned transaction covers only part of his holding, not the full stake. Bloomberg did not report a valuation for the sale. A completed deal could offer a rare public marker for Tether’s private shares, because the company does not trade on a public exchange.
The report comes after Tether became one of crypto’s largest private companies by revenue and reserves. Any private stake sale may draw attention from investors who want exposure to stablecoin growth without buying shares in a listed company.
Tether remains privately held Heathcote stepped back from daily duties in March, when Tether named Zachary Lyons as chief investment officer. Tether said Heathcote would stay connected to the company in a non-executive advisory role after helping guide its reserve management and investment strategy.
Tether CEO Paolo Ardoino has pushed back against public-listing talk. In an April 2025 post on X, he said, “Tether doesn’t need to go public.” The comment remains relevant as the reported Heathcote sale comes through a private process rather than an IPO.
The company has also continued to report large profits. Tether reported $1.04 billion in net profit for the first quarter of 2026, with excess reserves reaching $8.23 billion. Its assets remained mostly tied to U.S. government-backed instruments.
USDT still leads the stablecoin market Tether issues USDT, the largest stablecoin by market value. DefiLlama data showed total stablecoin market cap at about $312 billion, with USDT holding about 59.05% market share and a market cap near $184.23 billion.
That size keeps Tether central to crypto trading, payments, and liquidity across exchanges. It also makes any movement in its private ownership closely watched. Investors may view the reported sale as a way to assess private demand for exposure to the issuer behind the market’s largest dollar-pegged token.
USDT remains widely used outside the U.S., especially where traders need fast dollar liquidity. Regulatory checks have grown as stablecoins move closer to mainstream payments and bank-linked services.
Europe pressure and IPO market set the backdrop The reported sale comes while Tether faces tighter rules in Europe. As previously reported, Revolut will remove USDT from eligible European accounts after the European Union’s MiCA rules took effect. Users could buy USDT until July 6 and have until Aug. 31 to sell or withdraw supported balances.
Other large crypto firms have taken different paths. Kraken said in November that it had confidentially filed a draft registration statement for a proposed IPO, though related coverage later reported that layoffs and AI-driven restructuring could push its listing timeline into 2027.
South Korea’s Bithumb has also slowed its public-market plan. As previously reported, Bithumb continues to prepare for a 2028 IPO while also discussing a possible stake sale to Kiwoom Securities.
Tether has not announced plans to list its shares. The Heathcote sale places attention on the company’s private value, its stablecoin market lead, and how buyers may price exposure to one of crypto’s largest private businesses.
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.
USDT is coming home. Tether is issuing its flagship stablecoin natively on Bitcoin using the RGB protocol, marking a full-circle moment for a token that was literally born on Bitcoin back in 2014 before migrating to Tron and Ethereum.
The commercial rollout is being led by UTEXO, a Bitcoin-native execution and settlement layer that secured $7.5 million in seed funding in March 2026, primarily from Tether itself. The launch is expected within weeks of July 6, 2026, with plans to support various wallets and exchanges including Tether Wallet.
From Omni to RGB: the long road back USDT launched on Bitcoin in 2014 via the Omni Layer, back when Tether was still a scrappy newcomer and Bitcoin was the only game in town.
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Then 2017 happened. Bitcoin’s network got congested, fees spiked, and USDT migrated to faster, cheaper chains. Tron eventually became the dominant rail for stablecoin transfers.
The RGB protocol changes the calculus entirely. Version v0.11.1 has reached mainnet, and it introduces client-side validation. Instead of broadcasting every transaction detail to the entire blockchain, RGB keeps most of the data off-chain while still anchoring settlements to Bitcoin’s security model. The result is faster transactions, lower costs, and meaningfully better privacy.
Lightning Network compatibility is the other headline feature. By routing USDT transfers through Lightning, users get near-instant settlements at minimal cost.
What UTEXO actually does UTEXO is designed as a full execution and settlement layer built specifically for Bitcoin, integrating RGB’s privacy features with Lightning’s speed.
The architecture works by creating new UTXOs for each USDT transfer, while leveraging off-chain routing for the actual movement of funds. This means BTC and USDT swaps could happen without the kind of transaction slippage that plagues on-chain trading on congested networks.
Tether didn’t just invest in UTEXO — it led the $7.5 million seed round. A range of additional integrations are planned beyond basic transfers. Yield products and wallet SDKs are reportedly on the roadmap.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tether has confirmed that USDT will return to Bitcoin as a native asset through the RGB protocol, with the launch expected within weeks after more than eight years of protocol development.
Summary
Tether is preparing to launch native USDT on Bitcoin through the RGB protocol, with the rollout expected within weeks. The RGB integration will allow USDT to move over Bitcoin and the Lightning Network with native addresses, improved privacy, and lower transaction friction. UTEXO said the launch will bring USDT back to Bitcoin after years of development that allowed Tron to dominate stablecoin transfers. According to an exclusive interview published by Bitcoin Magazine, Tether is working with software company UTEXO to issue USDT natively on Bitcoin using RGB protocol version v0.11.1, bringing the stablecoin back to the blockchain where it originally launched in 2014 through the Omni-Mastercoin Layer.
The rollout is being led commercially by UTEXO, which describes itself as the issuer and distributor of Bitcoin-native USDT in partnership with Tether. Speaking to Bitcoin Magazine, UTEXO co-founder Viktor Ihnatiuk said the company had spent years building the technology needed to make the launch possible with Tether’s support.
RGB brings USDT to Bitcoin and Lightning Built around Bitcoin’s UTXO model, RGB combines client-side validation with the Lightning Network to let users send and receive USDT through native Bitcoin addresses while enabling instant off-chain payments with compatible wallets. According to Bitcoin Magazine, the design also improves privacy because Bitcoin creates fresh addresses for transactions instead of relying on reusable account addresses commonly seen on networks such as Ethereum, Tron and Solana.
The publication added that routing payments through Lightning leaves fewer traces on the public blockchain, while UTEXO’s direct integration with Tether reduces the number of intermediaries involved in issuing and moving the stablecoin.
“We built Utexo so that USDT could move on Bitcoin the way money is supposed to move: instantly, privately, with no surprises on costs,” Ihnatiuk told Bitcoin Magazine, adding that businesses integrating the platform would have more control over transaction costs through its APIs.
Bitcoin Magazine reported that UTEXO has also developed software components needed for commercial adoption, including APIs, a software development kit, user interface tools, and a live mint bridge that allows users to move USDT across multiple blockchains with deterministic low fees through direct integration with Tether. The RGB protocol itself was developed by Bitfinex Research and Development Strategist Federico Tenga.
According to Bitcoin Magazine, Bitcoin-native USDT through RGB is expected to launch within weeks, possibly during July, with wallets, including Tether Wallet, planning support alongside integrations from cryptocurrency exchanges. Ihnatiuk described the release as bringing USDT “back home” to Bitcoin, adding that its success would be important for establishing Bitcoin as a settlement layer for digital assets.
UTEXO targets Tron-dominated stablecoin market RGB has been under development since at least 2016, but repeated delays meant the protocol was not ready during the 2017 cryptocurrency bull market. Bitcoin Magazine said this allowed Tron to become the dominant blockchain for USDT transfers, particularly across developing markets, where it continues to process much of the stablecoin’s activity.
Speaking to the publication, Ihnatiuk argued that users currently face several layers of costs when swapping between Bitcoin and USDT through existing services, including wallet fees, swap provider charges and slippage. He said placing both Bitcoin and USDT on the same settlement layer through Lightning could enable near-instant swaps without the additional costs commonly associated with third-party services.
The report also noted that Tron users must typically maintain TRX solely to pay network fees, creating extra friction for transactions. By comparison, running USDT directly on Bitcoin removes the need for a separate fee token while relying on Bitcoin’s long-established security model.
Historically, RGB traces its origins to Peter Todd’s single-use seals proposal in 2014 before being formalised by Giacomo Zucco and Riccardo Casatta in 2016. Bitcoin Magazine said Tether had explored the protocol years earlier, but adoption was delayed as development progressed under previous teams.
The upcoming rollout follows several Bitcoin-focused products introduced by Tether this year. In April, the companyopen-sourced its Bitcoin-focused Mining Development Kit, giving miners a programmable software layer to manage Bitcoin ASIC fleets and automate operations, while more recently it introduced the self-custodial tether.wallet application with support for Bitcoin, Lightning and USDT.
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
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Former Tether Chief Investment Officer Richard Heathcote is seeking buyers for part of his 1.26% stake in the stablecoin issuer after stepping down from the role earlier this year, according to Bloomberg.
Heathcote is working with investment bank PJT Partners on the planned secondary sale, and discussions with potential buyers are ongoing, Bloomberg reported, citing people familiar with the matter.
The report did not disclose how much of the 1.26% stake is being offered for sale or a potential valuation.
The Block reached out to Tether and PJT Partners for comment.
Heathcote joined Tether in January 2023 after previously working as a broker at Cantor Fitzgerald's BGC Group. He stepped down as chief investment officer in March and moved into a non-executive advisory role, with his deputy, Zachary Lyons, assuming responsibility for the company's day-to-day investment management.
The potential sale comes after Tether earlier this year paused plans to raise money at a valuation as high as $500 billion, as the company awaits results of its first full financial audit conducted by a Big Four accounting firm. The decision to put the share sale on hold came as potential investors and bankers pushed Tether for greater transparency around its finances.
Tether remains the world's largest stablecoin issuer. According to The Block's Data Dashboard, dollar-pegged stablecoins have a combined market capitalization exceeding $291 billion, with USDT accounting for about $184.3 billion, or roughly 63% of the total supply.
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Tether is looking to re-enter the Bitcoin network with its USDT stablecoin as of RGB protocol v0.11.1. It marks a return to the blockchain where the asset was originally launched in 2014 as part of the Omni-Mastercoin layer.
Tether’s USDT To Make Comeback On Bitcoin UTEXO is spearheading the rollout as they partner with Tether to mint and distribute Bitcoin-based USDT. It is expected to launch in the coming weeks, and wallet providers and crypto exchanges are already working to support the integration.
In his conversation with Bitcoin Magazine, UTEXO’s co-founder, Viktor Ihnatiuk, called the achievement one that had taken years to come to fruition. “Finally, after eight years of development—if not more—we are the company that is launching USDT over Bitcoin with strong support from Tether,” he said.
The RGB protocol is a combination of Bitcoin UXTO security model, client-side validation, and Lightning Network. This will enable users to send and receive USDT from Bitcoin native addresses and facilitate faster off-chain transactions. The design also enhances privacy by bypassing the accounts-based structure that is prevalent on networks like Tron, Ethereum, and Solana.
According to UTEXO, it has developed a software stack. This contains APIs, developer tools, UI components, and a mint bridge for transfers between supported blockchains. Moreover, the company noted they can minimize additional intermediaries and transaction fees through direct integration with Tether.
What Do Officials Say? “We built Utexo so that USDT could move on Bitcoin the way money is supposed to move: instantly, privately, with no surprises on costs,” Ihnatiuk explained the objective, per Bitcoin Magazine report.
The executive also noted the lack of ease with which people are currently able to switch between Bitcoin and USDT on existing platforms. Further, they highlighted how users sometimes end up paying many layers of fees and slippage. He said combining both assets via Lightning would allow for quicker swaps with no such inefficiencies.
After years of delays, RGB was finished by a joint venture between Boosty Venture Studio, Fulgur Ventures and Tether Investments, called UTEXO.
Ihnatiuk emphasized that the launch was crucial and said: “For the first time in eight years or nine years, USDT is coming back home. We have no chance to fail.”
However, before this feat, the USDT stablecoin made an exit from the EU market after not receiving the MiCA license.
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BNB has once again captured investor attention with signals of technical recovery and Binance’s move to expand into the Philippines. Following the formation of a bullish chart pattern, the cryptocurrency is challenging a critical resistance zone, raising questions about whether it can sustain its upward momentum.
Technical outlook: BNB tests key resistanceAt the time of publication, BNB was trading at $585.41, with a 24-hour trading volume of $1.41 billion and a market capitalization of $78.84 billion. Despite a relatively flat short-term trend, the price structure and an uptick in active wallet numbers point to a possible bullish reversal.
Crypto analyst Alpha Crypto Signal notes that BNB has broken upward from a falling wedge pattern seen over the past several weeks. In technical analysis, this formation typically signals that selling pressure is waning and buyers are regaining control.
Alpha Crypto Signal highlights that BNB has broken out of its falling wedge, now confronting a horizontal resistance area that could determine its next major move.
According to analysts, for this breakout to be confirmed, BNB needs to close above the current resistance level and retest it as support. If this scenario unfolds, near-term bullish prospects for BNB could strengthen noticeably.
Should buyer appetite persist and market sentiment remain positive, technical analysis points to the potential for a fresh upward leg toward the $630 region. Conversely, a failure to breach the resistance zone may lead to continued short-term volatility.
Binance’s Philippines move bolsters regional growthAnother development fueling market optimism is Binance’s expanding presence in the Philippines. As one of the world’s largest crypto exchanges by trading volume, Binance’s step into the region is seen as a new milestone in its Southeast Asia growth strategy.
This expansion has gained momentum following recent regulatory changes that paved the way for BlockShoals Technologies to begin operating within the Philippines’ Strategic Sandbox.
Glossary: The Strategic Sandbox refers to a controlled framework that allows regulators to supervise testing of new financial technologies and digital asset services in a limited environment, giving companies an opportunity to pilot their business models before undergoing full licensing.
With rising adoption rates, advances in financial technology, and increased regulatory engagement, the Philippines stands out as one of Southeast Asia’s fastest-growing crypto markets. Binance’s strengthened position in the region could open new opportunities for various players in the local digital asset ecosystem.
Binance’s expansion in the Philippines forms part of its broader global growth strategy and could encourage deeper institutional participation in the country’s digital asset sector.
Overall market sentiment shapes price actionBNB’s recent rally has not been driven solely by company moves; overall market sentiment has also played a key role. Bitcoin’s return to upward momentum has fueled renewed risk appetite across major crypto assets, benefitting BNB among others.
In the coming period, BNB’s direction will depend largely on whether buyers can propel it past the resistance level. A decisive breakout and conversion of resistance into support would bring the $630 target back into focus. Binance’s regional expansion efforts add further support to this outlook.
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.
BNB Chain has published a guide for moving assets from a centralized exchange to BNB Chain, as European crypto users adjust to new rules under the Markets in Crypto-Assets framework.
Summary
MiCA has changed EU exchange access, pushing some users to compare licensed platforms and self-custody. BNB Chain’s guide frames wallets, test transfers, and recovery phrases as core safety steps. Stablecoin delistings and Binance limits have made European crypto users review custody options more carefully. The guide explains how users can hold crypto in their own wallets and connect directly to decentralized apps.
Meanwhile, the timing follows the end of MiCA’s transition period on July 1. As previously reported, MiCA now requires crypto firms to hold CASP licenses to keep serving users under the EU rulebook. The change has pushed users to check whether their exchanges can still offer services in the bloc.
MiCA took effect across the EU yesterday, and the way some exchanges operate there has changed.
If this week has you rethinking where your crypto lives, holding it yourself on BNB Chain is one route. Here's how to make the move 👇https://t.co/fmwdr2x8wn pic.twitter.com/5G74GdnMtz
— BNB Chain (@BNBCHAIN) July 6, 2026 BNB Chain guide focuses on self-custody BNB Chain’s guide presents self-custody as an alternative to keeping assets on a centralized exchange. It says users who move on-chain control their own private keys, while centralized platforms hold keys on behalf of customers.
The guide also warns that self-custody comes with responsibility. Users must protect their recovery phrases, send test transfers before moving larger sums, and keep a small amount of BNB for network fees. It also tells users to avoid fake wallet apps, fake bridge sites, and links sent through messages or ads.
BNB Chain says users can access swaps, stablecoins, staking, lending, borrowing, tokenized real-world assets, and perpetual trading from their wallets. It names apps such as PancakeSwap, Venus, Lista DAO, Aster, DappBay, and BscTrace as tools available across the ecosystem.
Exchange shifts put wallets in focus The guide lands as several exchange services in Europe change under MiCA. As previously reported, Binance said it would suspend several EU services after failing to secure a MiCA license before the deadline. The pause covered new spot orders, new deposits, sign-ups, and some yield products, while withdrawals remained available.
Licensed rivals have also used the deadline to compete for users. As previously reported, Coinbase and OKX targeted Binance users with transfer offers before the rule change took full effect. The shift has made regulation, custody, and access central issues for EU users choosing where to hold crypto.
Stablecoins are also part of the change. As previously reported, USDT lost access to regulated EU exchange order books after Tether chose not to seek MiCA authorization. That has pushed compliant stablecoins such as USDC and EURC into a stronger position on licensed platforms.
Licensed firms gain ground The EU market is not closing to crypto, but access now depends more on authorization. ESMA’s MiCA register rose to 300 authorized crypto firms after 57 new providers were added around the deadline.
The updated list includes banks, trading firms, and crypto companies that can serve users across the bloc through MiCA passporting. Ripple also joined the licensed market after securing approval in Luxembourg, as previously reported.
BNB Chain’s message is aimed at users who want direct control rather than a licensed exchange account. The guide does not remove the risks of DeFi or self-custody. It instead gives users a route to move assets, test transactions, check apps, and decide how much responsibility they want to hold themselves.
The United Nations Development Programme has expanded its partnership with the Stellar Development Foundation after blockchain payment pilots cut aid distribution costs from 10% to 2% and kept payments running during network outages.
Summary
UNDP has expanded its Stellar partnership after blockchain pilots lowered aid payment costs and improved payment resilience. Syria’s pilot cut distribution costs from 10% to 2%, while Haiti maintained payments during a cellular outage. Recent MoneyGram and DTCC partnerships have strengthened Stellar’s role in payments and tokenized assets. The United Nations Development Programme announced Monday that it has signed a new agreement with the Stellar Development Foundation (SDF) following 16 months of blockchain payment pilots across multiple countries.
According to UNDP, the agreement creates a framework for its country offices to use blockchain-based payments across more development programs after testing the technology in Haiti, Syria, Kenya, Guatemala, and The Gambia, with additional projects completed in Colombia and Papua New Guinea.
During the pilot phase, UNDP reported measurable operational improvements. In Syria, a Cash for Work program that recorded payments onchain reduced distribution costs from 10% to 2%.
In Haiti, another pilot continued processing aid payments despite a cellular network outage, showing that the system could keep operating even when conventional communications infrastructure was disrupted.
According to UNDP, the agency will now move from country-specific trials toward a standardized process that allows local offices to deploy blockchain payments where appropriate. The organization said the initiative is intended to improve the delivery of financial assistance while supporting development programs in regions with limited banking access.
Why is UNDP increasing its use of blockchain? Alongside the payment expansion, UNDP has continued building internal expertise around blockchain technology. Last month, the agency launched a Blockchain Advisory Group during the Proof of Talk conference in Paris to guide future blockchain adoption across its development work.
According to UNDP, the group will examine applications beyond digital payments, including digital public infrastructure and public service modernization.
The latest agreement comes as blockchain payment networks, particularly those using stablecoins, continue gaining attention for cross-border transfers and remittances in markets where banking services remain difficult to access. International organizations and private companies have increasingly explored blockchain as an alternative settlement rail that can reduce costs and improve payment speed.
Speaking at the World Economic Forum annual meeting in January, former UN under-secretary-general Vera Songwe said digital payment systems have become increasingly important for developing economies.
Songwe told attendees that stablecoins are becoming “more important than aid” in some countries because they provide financial access where traditional banking services remain unavailable. She added that around 650 million people in Africa do not have bank accounts but can still access digital financial services through smartphones.
How is Stellar strengthening its payments network? The UNDP agreement adds to a series of recent developments that have expanded Stellar’s presence in financial infrastructure.
Earlier this month, as previously reported by crypto.news, MoneyGram introduced its U.S. dollar stablecoin, MGUSD, on the Stellar blockchain. The token is issued by Bridge, a Stripe-owned company operating under the GENIUS Act framework, while M0 manages the smart contract infrastructure for minting and burning the stablecoin.
MoneyGram said the rollout will begin in the United States before expanding internationally through its network of more than 60 million active customers, with Fireblocks providing custody infrastructure.
Institutional adoption has also continued. In May, the Depository Trust & Clearing Corporation (DTCC) partnered with the Stellar Development Foundation to develop DTC custody asset tokenization services on the Stellar public blockchain.
The partners said the first tokenized assets are scheduled to go live during the first half of 2027, making Stellar part of DTCC’s multi-chain strategy for issuing and settling tokenized real-world assets.
Ripple (XRP) and Stellar (XLM) are trading under pressure on Tuesday as bulls lose steam. XRP faces rejection near key resistance, while XLM continues its pullback so far this week. Despite the ongoing correction, mixed on-chain and derivatives metrics suggest traders remain cautiously optimistic for these altcoins.
Mixed sentiment among derivatives tradersDerivatives data shows a mixed outlook. CoinGlass’ long-to-short ratio for XRP reads 0.73 on Tuesday, the lowest level over a month. During the same period, XLM's long-to-short ratio stands at 0.84, nearing the lowest level over a month. This ratio, being below 1, reflects bearish sentiment in the market, as more traders are betting the asset’s price will fall.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassHowever, XRP and XLM funding rates remain positive, at 0.0061% and 0.0058%, respectively, on Tuesday. These positive rates indicate that longs are paying the shorts, suggesting bullish sentiment.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassOn-chain metrics show cautious optimismCryptoQuant’s summary data shows cautious optimism. XRP’s spot and futures markets show large-whale orders, with neutral conditions on other metrics, supporting a potential recovery. However, XLM shows selling-side dominance in both markets, with mixed retail activity and large-whale orders in the futures market, hinting at cautious sentiment among traders.
XRP summary data chart. Source: CryptoQuant
XLM summary data chart. Source: CryptoQuantSoSoValue data shows institutional demand began the week with a neutral tone. Spot Exchange-Traded Funds (ETFs) were muted on Monday, following a net inflow of $17.19 million last week. If this inflow trend continues and intensifies this week, XRP could see a recovery ahead.
Total XRP spot ETF net inflow weekly chart. Source: SoSoValueXRP technical outlook: Faces rejection from 50-day EMAXRP price trades at $1.1393 on Tuesday, maintaining a bearish near-term tone as it remains below the 50-day Exponential Moving Average (EMA) at $1.1820, the 100-day EMA at $1.2834 and the longer-term 200-day EMA at $1.4912.
The downward parallel channel offers a modicum of structure, with price holding above its lower band around $1.1054, while the Relative Strength Index (RSI) hovers near a neutral 51, and the Moving Average Convergence Divergence (MACD) stays in positive territory but shows a slight loss of momentum, hinting at a capped recovery rather than a decisive trend reversal.
On the topside, immediate resistance emerges at the 50-day EMA at $1.1820, followed by the 100-day EMA at $1.2834 and the horizontal barrier at $1.3000, with the 200-day EMA at $1.4912 and the prior resistance line near $1.9000 marking higher hurdles for any sustained advance.
On the downside, initial support aligns with the lower boundary of the descending channel around $1.1054, and a clear break below this floor would reinforce the prevailing bearish bias and open the door to a deeper pullback in the coming sessions.
XLM technical outlook: Finds support around key levelsXLM price trades at $0.1978 on Tuesday, holding above the 50-day and 100-day EMAs at $0.1922 and $0.1872, reinforcing a mildly bullish near-term bias. The pair is still capped just underneath the 200-day EMA at $0.1985 and the 61.8% Fibonacci retracement at $0.2001, while the RSI around 51 and a positive MACD line above zero suggest steady but not overextended upside momentum.
On the topside, initial resistance is at the 200-day EMA at $0.1985, followed closely by the 61.8% Fibonacci retracement at $0.2001, with higher hurdles at $0.2188 and $0.2376 before the next Fibonacci barrier at $0.2607.
On the downside, immediate support is seen at the 50-day EMA at $0.1922, ahead of the 100-day EMA at $0.1872, while a horizontal level at $0.1774 and the 78.6% Fibonacci retracement at $0.1735 guard against a deeper pullback before the more distant structural floor near $0.1421.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ripple FAQs Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
Blockchain experiments in international aid are reaching a new stage. After several pilot projects carried out in different countries, UNDP believes this technology can now support a broader range of humanitarian and development programs. The results obtained on the ground, notably in Haiti and Syria, have convinced the agency to extend the use of on-chain payments through a new agreement with the Stellar Development Foundation. This development marks a concrete advance of blockchain in operations conducted by the United Nations.
In brief UNDP expands the use of on-chain payments with Stellar after successful pilot projects in five countries. In Syria, blockchain reduced payment distribution costs from 10% to 2%. In Haiti, payments continued despite a cellular network outage, demonstrating system resilience. A blockchain advisory group will now support the deployment of this technology in UNDP programs. Stablecoins are gaining ground as a solution for international transfers and financial access in underbanked regions. On-Chain Payments Have Demonstrated Their Effectiveness in Five Countries After a long experimentation phase, the United Nations Development Programme has drawn a positive assessment of its blockchain initiatives conducted on the ground. These works, carried out over sixteen months in Haiti, Syria, Kenya, Guatemala, and Gambia, have led UNDP to sign a new agreement with the Stellar Development Foundation to expand the use of its blockchain infrastructure. Meanwhile, other initiatives are already in preparation in Colombia and Papua New Guinea. The goal is now to further integrate blockchain-based payments into field programs.
The trials have delivered several concrete results. In Syria, a “Cash for Work” program recorded payments on a digital platform, reducing distribution costs from 10% to only 2%. In Haiti, a pilot project continued operating despite a cellular network outage. These experiences show that blockchain infrastructures can maintain operational continuity even in environments where traditional networks face challenges.
These initial returns pave the way for wider deployment. National offices will gradually have a process enabling them to use these solutions in more programs. This approach aims to strengthen operational resilience while reducing costs associated with payments to beneficiaries.
UNDP Prepares a Wider Deployment of Blockchain UNDP considers that this first phase validates the interest of blockchain for its development missions. The agency now wishes to establish an operational framework so that its national offices can more easily adopt this technology. This development reflects a desire to move beyond simple experiments to integrate these tools into larger-scale programs.
Last month, UNDP also launched a blockchain advisory group at the Proof of Talk conference held in Paris. This initiative is intended to support the organization’s future directions in the use of this technology. The work of the group will not be limited to digital payments, as it will also focus on digital public infrastructures and the improvement of public systems.
Through this strategy, UNDP intends to explore multiple uses of blockchain in the service of development. The lessons learned from pilot projects will serve as a basis for upcoming deployments. The goal remains to adapt these solutions to local realities while ensuring coherent implementation across the organization’s various offices.
Stablecoins Gain Importance in International Transfers The expansion of these initiatives is part of a broader dynamic around blockchain networks and stablecoins. These technologies are increasingly used to facilitate cross-border transfers, especially in regions where access to banking services remains limited. They offer an alternative to make payments and transfer funds with greater continuity.
This trend is also found in the private sector. Ripple recently took a stake in the African fintech Flutterwave to promote the adoption of its stablecoin RLUSD and the XRP Ledger in Africa. Latin America also attracts industry players, targeting several transfer corridors in Argentina, Bolivia, Colombia, and Venezuela. These initiatives illustrate the growing interest in digital infrastructures in emerging markets.
The main remittance channels in Latin America. Source: Cointelegraph. Former UN Under-Secretary-General Vera Songwe believes that “stablecoins now go beyond just remittances.” According to her, they facilitate access to digital financial services in regions where traditional banking solutions remain limited. She recalls that “in Africa, approximately 650 million people do not have a bank account.” According to her statements, a smartphone allows access to stablecoins, saving in a currency less exposed to inflation and strengthening financial inclusion.
UNDP now plans to rely on lessons from its pilot projects to gradually generalize these solutions in its programs, supported by the blockchain infrastructure of Stellar. If this new phase confirms results observed in Haiti, Syria, and other countries involved, the use of this technology could take a larger role in the organization’s humanitarian and development operations, especially to secure and optimize payments to beneficiaries.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
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Building on research across seventeen countries and live pilots in five, the next phase establishes the governance and infrastructure for UNDP country offices to use blockchain-based digital payments as a regular part of programme delivery.
Istanbul, 6 July 2026. The United Nations Development Programme and the Stellar Development Foundation have signed a new agreement that carries their joint work on blockchain-based digital payments into its next phase, moving from a set of proven pilots toward a standing capability that UNDP country offices can draw on as a regular part of how they deliver programmes. Coordinated by the UNDP Alternative Finance Lab (AltFinLab) at the Istanbul Regional Hub, the agreement shifts the focus from testing the technology in specific contexts to putting in place the institutional conditions under which it can be used at scale.
The decision to scale follows sixteen months of joint work, during which the two partners researched the use of digital payments across seventeen countries, consulted UNDP country offices and stakeholders, and implemented live pilots in Haiti, Syria, Kenya, Guatemala, and The Gambia, with two further solutions developed to a working prototype in Colombia and Papua New Guinea. In parallel, the Sustainable Development Goals Blockchain Accelerator, strategically led by UNDP AltFinLab, matched a cohort of payment solutions built on the Stellar network with real UNDP programme challenges, producing a portfolio of graduated solutions with documented pathways to scale within existing country office programmes.
These pilots produced concrete evidence rather than promising projections. In Aleppo, UNDP delivered Cash for Work stipends to beneficiaries digitally and recorded every transaction onchain, which reduced the estimated cost of distribution from about 10 percent of funds under conventional methods to about two percent, with every participant receiving and cashing out their payment. In Haiti, a pilot built for low connectivity continued to function with a 100 percent success rate, even when the cellular network failed entirely during testing, settling payments almost instantly under the conditions that communities actually face. Across all of the pilots, programmes gained something they had not had before, which is a traceable record of where money went.
Earlier in 2026, UNDP featured part of this work in the report New Tech, New Partners: Transforming Development in the Digital Era, which set out why reliable digital payment infrastructure matters for financial inclusion, for remittances, and for reaching people in fragile and conflict-affected settings that traditional financial systems sometimes fail to reach.
The new agreement turns these results into a capability that does not depend on any single project or funding cycle. Over the coming period the two partners will establish the governance, onboarding, and safeguards that allow UNDP to adopt digital payments responsibly, move validated solutions from the existing pipeline into active use, extend the same infrastructure across different categories of UNDP programming—from humanitarian response to social protection and financial inclusion—and consolidate the evidence and operating guidance that the service needs to continue and grow within the development system.
Throughout this phase, the Stellar Development Foundation will provide technical advisory support and coordination across the Stellar ecosystem, including expertise on the network and its protocols, and engagement with the solution providers operating within the UNDP pipeline, while UNDP will retain responsibility for delivery and implementation.
Robert Pasicko, UNDP Alternative Finance Lab, said: “We have shown that digital payments can reach the people that conventional systems miss, and in some of the hardest places to operate. The work now is to make that capability ordinary, so that a country office can use it with confidence as part of how it already works, rather than treating each deployment as an experiment.”
Candace Kelly, Chief Legal Officer, Stellar Development Foundation, said: “These pilots showed what open, public blockchain infrastructure can do when it is built around the realities of the last mile. We are proud to continue this work with UNDP and to help turn a set of successful pilots into a durable part of how development and humanitarian finance is delivered.”
The agreement runs through 2027 and will conclude with a consolidated evidence base, a scaling playbook, and a formal handover, so that the capability outlasts the partnership that created it.
About the United Nations Development Programme
The United Nations Development Programme (UNDP) is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate change. Working with our broad network of experts and partners in 170 countries and territories, we help nations to build integrated, lasting solutions for people and planet. Learn more at undp.org or follow at @UNDP.
About UNDP Alternative Finance Lab
UNDP Alternative Finance Lab develops new financial approaches, instruments, and partnerships that expand the resources available for sustainable development. Its work on blockchain based digital payments is part of a wider effort to make development and humanitarian finance faster, more transparent, and more inclusive. The Lab is hosted at the UNDP Istanbul Regional Hub.
About the Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.
