Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain on the front foot on Wednesday as the broader crypto market extends its gains so far this week. BTC leads gains after closing above key resistance while ETH and XRP near key technical hurdles where a breakout could pave the way for additional gains.
Bitcoin extends gains after closing above 50-day EMABitcoin price trades around $66,300 on Wednesday, holding a neutral-to-bullish tone as it advances above the 50-day Exponential Moving Average (EMA) at $65,150 but remains capped beneath the 100-day EMA at $68,082 and the longer-term 200-day EMA at $73,982. This configuration suggests an improving short-term trend within a broader corrective phase, with buyers gradually regaining control.
The Relative Strength Index (RSI) at 60 is bullish without reaching overbought territory. At the same time, the Moving Average Convergence Divergence (MACD) indicator remains in positive territory, suggesting that upward momentum is building but not yet decisive against the overhead daily EMAs.
On the topside, immediate resistance emerges at the 100-day EMA near $68,082, followed by the 200-day EMA at $73,982, ahead of a more distant horizontal barrier at $84,410.
On the downside, initial support is seen at the 50-day EMA at $65,150, with a deeper protective floor at the horizontal level of $64,004; a sustained break below this area would weaken the current constructive bias and open the door to a broader corrective slide.
Ethereum could extend gains if it closes above the 100-day EMAEthereum price trades at $1,937 on Wednesday, maintaining a constructive near-term bullish bias after holding above the 50-day EMA at $1,827. ETH is advancing toward a dense overhead area where the 100-day EMA at $1,937 and the psychological $2,000 handle form successive resistance barriers, while the longer-term 200-day EMA at $2,171 caps the broader upside.
The RSI at 64 suggests bullish momentum without yet signaling overbought conditions, and the MACD remains in positive territory, hinting that buyers still retain control.
On the topside, immediate resistance emerges at the 100-day EMA near $1,937, followed by the horizontal barrier at $2,000, with the 200-day EMA at $2,171 acting as a more distant cap should the rally extend.
On the downside, initial support is provided by the 50-day EMA at $1,827, while a deeper pullback would look toward the more structural horizontal floor around $1,385, where underlying demand could reappear.
XRP nears the 50-day EMAXRP trades at $1.14 on Wednesday, maintaining a bearish near‑term bias as it holds beneath the key EMAs. The 50‑day EMA at $1.14, together with the 100‑day EMA at $1.23 and the 200‑day EMA at $1.43, all sit overhead and suggest the broader trend remains under pressure despite the latest bounce.
Momentum is constructive, with the RSI at 56 and the MACD above zero with a mildly positive line, hinting that sellers are losing some control but still defending the cluster of moving‑average resistance.
On the topside, immediate resistance is at the 50‑day EMA at $1.14, followed by the 100‑day EMA at $1.23 and a horizontal cap near $1.30. In contrast, the 200‑day EMA at $1.43 and the higher horizontal barrier at $1.90 define a broader supply zone.
On the downside, initial structural support appears around the parallel channel boundary at $1.00; a decisive break under this area would reopen the path toward deeper losses, whereas a daily close above $1.14 would be the first sign that bulls are beginning to challenge the prevailing bearish structure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
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.
Tom Lee, head of research at Fundstrat Global Advisors, stated that capital from the artificial intelligence sector is increasingly moving toward Ethereum, shifting away from semiconductor companies specializing in AI hardware. In a recent post on X, Lee described this development as a sign that digital infrastructure, particularly Ethereum, may be gaining traction with institutional investors.
AI sector capital shifts to digital infrastructureLee has maintained a bullish outlook on Ethereum for some time. He has previously highlighted that the network could benefit from the rising demand for decentralized settlement, tokenization, and on-chain infrastructure as AI solutions become more widespread.
Comparing Ethereum’s recent performance to that of memory chip manufactures, Lee drew attention to a significant divergence. He referred to this as the “AI downstream” trade, suggesting money might be rotating from traditional AI hardware to blockchain-based platforms like Ethereum.
The AI downstream trade continues to strengthen. Over the past month, ETH has outperformed the Roundhill Memory ETF (DRAM) by 7,200 basis points.
Over the past month, Ethereum has climbed 24%, while the Roundhill Memory ETF—focused on memory chip companies—declined by 38%. This amounts to a performance gap of 72% in favor of ETH. Lee shared a chart showing the two assets moving in opposite directions, but did not provide concrete fund flow data to confirm capital is leaving chip stocks for digital assets.
Asset1-Month PerformanceEthereum (ETH)+24%Roundhill Memory ETF (DRAM)-38%Performance Gap72%Memory chip ETFs and the AI investment boomThe Roundhill Memory ETF (DRAM) was launched in April 2026 and stands as the first exchange-traded fund focused exclusively on memory chip manufacturers. These companies produce components, such as High Bandwidth Memory (HBM), DRAM, and NAND Flash chips, which are critical to supporting large-scale AI models and powering the sector’s ongoing growth.
According to IDC, global spending on AI is projected to reach $758 billion by 2029. The organization also reported that storage systems built for AI applications grew by 20.5% in the second quarter of 2025, reflecting rapid enterprise infrastructure development.
Mini dictionary: Roundhill Memory ETF (DRAM), an exchange-traded fund launched in April 2026 to give investors exposure to memory chip manufacturers supporting AI infrastructure.
Industry forecasts remain strong. TrendForce reported that contract prices for conventional DRAM are expected to rise 13–18% in the third quarter of 2026, while NAND Flash prices are projected to grow by 10–15%, primarily due to heightened demand from AI servers.
Despite positive forecasts, the recent drop in DRAM ETF prices appears to reflect profit-taking or portfolio adjustments by investors, rather than a downturn in the core memory chip industry. Lee did not clarify if funds exiting semiconductor stocks are directly moving into Ethereum, or if ETH is simply rallying while chip equities consolidate.
Implications for Ethereum and digital assetsFor the cryptocurrency market, Lee’s observation raises the prospect that Ethereum may serve as a digital backbone for emerging AI technology, beyond its established role in decentralized finance.
Still, it is uncertain if these recent trends mark the beginning of a lasting institutional allocation to ETH at the expense of chip equities. Further evidence, such as sustained inflows into Ethereum investment products, would be needed to confirm a broader rotation.
Lee’s “AI downstream” narrative introduces a new angle for market participants to consider, but more data are required to determine whether this is a temporary market move or the start of a significant shift in capital between tech sectors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin traded sideways near $66,000 on Wednesday, holding steady at its two-week high. Driven by upbeat AI sentiment, global chip stocks rose for the second consecutive session, while USD/JPY fell below 163 to hit its lowest level since 1986. As of press time, Bitcoin is up nearly 1% intraday, around 3% week-to-date, with 24-hour trading volume of ~$31 billion. Ethereum (ETH) trades at ~$1,920, up ~3% weekly; XRP gains 2% to $1.13, TRX edges higher; HYPE underperforms, down 4% on the day and ~10% over the past seven days. In Asian equities, the MSCI Asia Pacific Index rose 1%. South Korea’s KOSPI surged 5% before paring gains at midday, with SK Hynix leading gains by over 13%. The move follows the U.S. semiconductor index’s more than 5% jump on Tuesday, which helped it exit its technical bear market. In the forex market, USD/JPY broke below 163, marking a nearly 40-year low. While Japanese Finance Minister Satsuki Katayama stated authorities remain ready to take decisive forex intervention steps if needed, a stronger U.S. dollar, rising U.S. Treasury yields, and Iran-related oil price hikes have collectively amplified yen depreciation pressure. Analysts note that the fiat currency depreciation environment has long been a key pillar of Bitcoin’s narrative as an "inflation hedge and currency devaluation safeguard," though Bitcoin’s recent price correlation with chip stocks remains stronger than its link to the yen exchange rate.
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Binance adds 10 new bStocks tokenized securities to its margin collateral assets, expanding trading scenarios for securities assets.
Binance announced it will add 10 bStocks tokenized securities as eligible collateral for Cross Margin, Portfolio Margin, and Portfolio Margin Pro, further expanding its margin trading support. The newly added assets include: 3x Long Korea ETF (KORUB), AXT (AXTIB), CoreWeave (CRWVB), Direxion MU Bull 2X ETF (MUUB), GraniteShares 2X Long MRVL ETF (MVLLB), Tradr 2X Long SNDK ETF (SNXXB), GraniteShares 2X Long INTC ETF (INTWB), ProShares UltraPro QQQ (TQQQB), Quantinuum (QNTB), and Oracle (ORCLB). Binance noted that corresponding bStocks trading pairs will support margin trading simultaneously. Eligible users can use these tokenized securities as collateral to expand their asset options in margin trading. Currently, these bStocks assets are only supported for use as collateral, with lending functions not yet available. The service is exclusively open to VIP 3 and above users in eligible regions.
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Upbit has added Zilliqa (ZIL) to its trading watchlist due to suspected unresolved security risks.
South Korean crypto exchange Upbit announced that Zilliqa (ZIL) has been added to its "Transaction Attention" asset list, with trading pairs including ZIL/KRW and ZIL/BTC. In line with South Korea’s Virtual Asset User Protection Act, Upbit stated it detected potential unaddressed or unrepaired security risks—such as hacking incidents—in ZIL’s wallet or the distributed ledger it relies on for issuance, transmission, and storage, which could lead to user losses. The platform therefore decided to implement risk warning measures. The notice specifies ZIL’s transaction attention period runs from July 22, 2026 to the third week of August (August 17–21). During this review period, Upbit will assess relevant risks per its trading support termination policy, and may choose to extend the observation period, lift the warning, or terminate trading support entirely. Additionally, ZIL deposit and withdrawal services were suspended earlier. Upbit noted that if services are resumed in the future, withdrawals will be prioritized for restoration only; a decision on resuming deposits will be announced separately based on subsequent review results. Currently, new deposits cannot be credited, and all related deposit transactions will be refunded.
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A whale opened nearly 3,000 long positions in GOOGL ahead of market hours, marking the only new million-dollar position in the asset today.
Google parent company Alphabet will hold its Q2 2026 earnings call at 4:30 AM Beijing time on July 23, with financial results to be released ahead of the call. According to Hyperinsight’s monitoring, ahead of the earnings release, an on-chain whale bought 2,978.2 GOOGL shares in pre-market trading, worth ~$1.041 million, at an average entry price of $349.5 — the only new seven-figure GOOGL position detected. As of press time, GOOGL is down 1.5% on the day at $349.6, with the whale’s entry price near the intraday low after the pullback. The whale holds this long position with 10x leverage, posting an unrealized profit of ~$186 and remaining flat. Its liquidation price is $82, leaving a ~76.5% downside buffer from current levels. The whale has no other positions besides this one. This address favors left-side trading, has repeatedly held semiconductor stocks including MU, SKHX, and SNDK, and typically trades short-term positions worth ~$1 million, with an average holding period of ~15 hours over the past week. Its past losses stem mainly from failed early bets on trend reversals. Related reading: Among the U.S. "Magnificent Seven" tech giants, Google will release its earnings first tonight; the whale that front-ran the long position is now sitting on nearly 40% losses. An unverified online rumor has reignited panic: the AI bubble is bursting, and Google may become the first large enterprise to cut AI spending. HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as admin (enable message-sending permission) to automatically sync on-chain news.
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Brent crude futures have topped $95, marking the first time since June 11.
According to Bitget market data, Brent crude oil futures prices have broken through $95 per barrel, marking the first such occurrence since June 11. Currently, Brent crude spot trades at $91.27, up 2.15% intraday; WTI crude stands at $88.76, with a 4.41% daily gain.
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Kuwait plans to issue US dollar bonds as its economy struggles amid daily Iran-linked attacks.
Sources say Kuwait plans to issue U.S. dollar bonds on Wednesday. Over the past two weeks, the country has been hit by daily missile and drone attacks from Iran. Kuwait has hired banks including Goldman Sachs and Citigroup to arrange a three-part deal with tenors of three, five, and ten years. Final terms, including bond size and pricing, may be announced later Wednesday. Kuwait is a key U.S. ally in the Middle East, and thanks to its vast oil reserves, it ranks among the world’s wealthiest nations. However, Iran has frequently carried out airstrikes on Kuwait in retaliation for U.S. and Israeli strikes, leaving the country’s economy under heavy pressure this year. In April, Goldman Sachs analysts estimated Kuwait’s fiscal deficit had surged to nearly 40% annualized, as the country was forced to suspend most oil exports due to the closure of the Strait of Hormuz. (Jinshi)
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TACO Trading Heats Up Again: Model Predicts Trump May Shift Iran Policy by Late July
The Wall Street-favored "TACO" (Trump Always Chickens Out) trade is now gaining support from quantitative models. An analyst team from geopolitical advisory firm Signum Global Advisors used four indicators—Brent crude oil prices, U.S. 10-year Treasury yields, vessel traffic through the Strait of Hormuz, and the S&P 500 index—to predict Trump may adjust his hardline policy toward Iran by the end of July. The model shows Trump typically needs a sharp market move of 2.3 to 3.4 standard deviations to trigger a policy shift, with an average threshold of around 2.9 standard deviations. Based on current market trends, analysts say the "TACO moment" has not arrived yet but is approaching, with the earliest possible date being July 22, the latest no later than July 30, and July 26 marked as the highest-probability date. Ongoing U.S.-Iran tensions are currently driving up market pressure: Brent crude oil has topped $91 per barrel, and the average U.S. gasoline price has broken $4 per gallon for the first time since mid-June. Disruptions to shipping in the Strait of Hormuz, rising war costs, and U.S. military casualties are adding to political pressure on the Trump administration. Republican insiders warn that if oil prices stay high for a prolonged period, energy costs could become a risk factor in the midterm elections. Conservative figures note that when oil prices break $90 during a ruling party’s tenure, it significantly erodes voter support. Analysts believe Trump’s current tough rhetoric may partly aim to force Iran back to the negotiating table, but as the conflict drags on, the U.S. government will face greater policy pressure between "escalating further" and "reducing military pressure."
Movement Labs filed for Chapter 11 bankruptcy. Move Industries CEO Torab Torabi clarified that MVMT Labs has no affiliation with Move Industries. Movement Labs, the original developer behind the MOVE-based Ethereum Layer 2 blockchain, filed for Chapter 11 bankruptcy protection on July 15 under Subchapter V. The court filings, docketed as case number 1:26-bk-11113, and it is assigned to Judge Thomas M. Horan. The list of assets is between $100,001 and $500,000, liabilities between $1 million and $10 million, and between 200 and 999 creditors.
The largest creditors include co-founder Rushi Manche, the Delaware Division of Revenue, and Anchorage Digital. The filing allows Movement Labs to keep operating while restructuring under court supervision. Creditors have until September 14 to file claims.
Move Industries Steps In With Clarity Torab Torabi, CEO of Move Industries, clarified the situation. Move Industries is the developer team of the Movement ecosystem. MVMT Labs filed for bankruptcy, and MVMT Labs has no affiliation with Move Industries. Further stating that Move Industries is not involved in the bankruptcy process in any way.
Move Industries took over development and operations of the Movement ecosystem from Movement Labs in December 2025 and continues to operate normally. The company describes itself as a global fintech firm with access to live, licensed stablecoin rails, built to close the gap between how money moves and how it should move.
Recently, the court approved interim requests allowing Movement Labs to maintain its bank accounts, cash management systems, and secure debtor-in-possession financing to fund operations during restructuring.
What Led to This Point The trouble started immediately after the MOVE token launched in December 2024. A market-making deal handed a single counterparty 66 million MOVE tokens, roughly 5% of total supply, which were sold a day after launch. It created an estimated $38 million in downward price pressure and triggered internal investigations.
Binance banned the market maker for misconduct. Co-founder Rushi Manche was suspended in May 2025 over his role in brokering the Web3Port deal and later departed the company. The June 2025 transition toward cross-border payments proved too late to reverse the underlying trend. The bankruptcy filing was the final chapter of a slow and public unravelling.
On the other hand, the token MOVE is currently trading within the $0.01072 range. Significantly, it falls above the asset’s all-time low price of $0.01044, hit two days ago.
Crypto Market Highlights
Bitcoin (BTC) Repeats the Technical Signal That Preceded Three Major Bull Runs
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Key Highlights BitMEX co-founder Arthur Hayes purchased 1,332.5 ETH for approximately $2.53 million, continuing his July accumulation spree exceeding 3,270 ETH valued at $6.2 million After selling 6,000 ETH at a loss during June, Hayes reversed strategy and began aggressive accumulation throughout July The percentage of staked Ethereum reached an all-time high of 33.9%, representing approximately 40.9 million ETH secured in validator nodes Three freshly minted wallets extracted 30,000 ETH (approximately $58 million) from Coinbase Prime, while additional major holders transferred ETH from exchanges ETH confronts critical resistance between $1,963 and $2,000, with crypto analyst Ali Martinez suggesting a decisive close above $2,000 could trigger moves toward $2,060 and beyond BitMEX co-founder Arthur Hayes has resumed his Ethereum accumulation strategy. Blockchain analytics from Lookonchain reveal he acquired 1,332.5 ETH in a single on-chain transaction valued at approximately $2.53 million, securing an average entry around $1,899 per token.
This acquisition builds upon two previous July transactions. The first involved approximately 646 ETH obtained following a USDC exchange with Galaxy Digital. The second represented a direct purchase of roughly 1,293 ETH costing about $2.48 million.
In total, Hayes has amassed more than 3,270 ETH throughout July. The aggregate value based on transaction prices approaches $6.2 million.
This strategy marks a dramatic shift from June’s activity. Hayes liquidated 6,000 ETH last month, incurring an estimated $606,000 loss. He subsequently re-entered the market during Ethereum’s price correction.
Crypto analyst Daan Crypto Trades observed on X that ETH is pursuing a breakout pattern and successfully closed above its Bull Market Support Band for the first time since late 2025. He emphasized that bulls require sustained momentum, noting that a climb above the 0.03 ETH/BTC ratio would confirm a full breakout with strong continuation potential.
$ETH Attempting a breakout and closd above its Bull Market Support band again for the first time since late 2025.
Need to see some follow through here by the bulls though. Above 0.03+ and I will consider this a full on breakout and likely a move that will continue for a while… https://t.co/KdJcqarrjG pic.twitter.com/63jIJmgKaV
— Daan Crypto Trades (@DaanCrypto) July 21, 2026
Ethereum Staking Reaches Unprecedented Levels According to Token Terminal metrics, Ethereum’s staking ratio has climbed to an unprecedented 33.9% of total circulating supply. This milestone represents approximately 40.9 million ETH locked within validator infrastructure.
An additional 2.47 million ETH currently waits in the entry queue, facing an estimated 43-day delay before activation. Meanwhile, the exit queue remains empty. Current staking APR hovers around 2.64%.
Tokens committed to staking cannot be immediately accessed for spot market trading without utilizing liquid staking derivatives. An increasing staking ratio, coupled with shrinking exchange reserves, effectively constrains the ETH volume available to potential sellers.
Major Holders Withdraw ETH From Trading Platforms Significant accumulation activity has intensified across whale addresses. Three recently established wallets extracted 30,000 ETH, valued near $58 million, from Coinbase Prime custody. Additional wallets executed substantial withdrawals from Binance and Gemini before directing funds toward staking.
Such outflows diminish the available supply on exchange order books, potentially restricting selling pressure when buying demand strengthens.
Ethereum Price Analysis and Critical Thresholds ETH is trading above the $1,900 level, with today’s session spanning between approximately $1,852 and $1,950. The asset encounters resistance clustered between $1,963 and $2,000.
Ethereum (ETH) Price Crypto analyst Ali Martinez indicated that a convincing daily close above the $2,000 threshold could unlock movement toward the $2,060 zone, with sustained bullish momentum potentially reaching the $2,150–$2,200 corridor.
Support infrastructure remains firm near $1,850–$1,870. A daily close beneath $1,850 could reactivate the $1,700–$1,750 trading range.
Market intelligence indicates substantial liquidation clusters above $1,968. A decisive breach above this level could trigger forced short position closures through cascading market buy orders.
ETH currently maintains position just above $1,900 as market participants evaluate whether buyers possess sufficient strength to overcome the psychological $2,000 resistance barrier.
The cryptocurrency market is known for its sharp boom-and-bust cycles, making even volatile equity markets appear relatively stable. After a steep correction earlier this year, crypto could be poised for a rebound, with options activity in key crypto-linked stocks pointing to renewed bullish sentiment.
Options traders are aggressively buying call options on the iShares Bitcoin Trust ETF (IBIT), Strategy and Coinbase Global, signalling expectations of further upside, according to a CNBC report.
Coinbase shares jumped around 10% on Tuesday to close near $176 apiece, after dipping below $150 earlier this month. This came amid heightened options trading at the counter.
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A similar surge in options trading was seen in financial services company Robinhood Markets, whose shares jumped over 7%. The firm provides an electronic trading platform that lets users trade popular cryptocurrencies, including Bitcoin, Dogecoin, Ethereum and Litecoin.
These bullish bets are set to make profits only if crypto prices recover. In other words, these traders are betting on the crypto market heading towards a sharp rebound.
Bitcoin recorded marginal losses over the past 24 hours, but overall gained nearly 2% in one week and 3% in one month. It is however down over 44% in one year. Ethereum also has fallen over 48% in one year, but has gained around 10% in a month.
Also read | Is Bitcoin finally becoming digital gold equivalent?Trump's crypto gainsCryptocurrency has seen sharp volatility since US President Donald Trump took office last year. Even before being elected, Trump had self-proclaimed himself to be the “first crypto president” as he sought to curb regulations against the volatile financial assets. He began placing policies and initiatives that the crypto industry saw as beneficial.
After an initial boost, the sharp rally in crypto fizzled out. But the US President recently reported more than $1.4 billion in income from his family’s crypto ventures in 2025, as a review of his latest financial disclosures showed that the Republican US leader now derives most of his income from digital assets which have benefited from his policies.
According to Trump’s annual financial disclosures released late last month, his companies received almost $800 million from World Liberty Financial, a crypto venture he and his sons co-founded. This includes more than $520 million from sales of crypto tokes and more than $250 million from the sale of interests in the World Liberty business.
Trump made another $635 million from the sale of his Trump meme coins. Notably, the gains he made from crypto have skyrocketed recently. For comparison, he made $57.35 million from token sales at World Liberty just a year ago, marking a nine-fold jump to this year.
Also read | Donald Trump's $1.4 billion payday: How meme coins and a family venture built his fortune
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Crypto Gambling in Mexico Understanding Crypto Casinos Crypto casinos represent the evolution of online gambling, operating on blockchain technology and accepting various cryptocurrencies as payment methods. These platforms function similarly to traditional online casinos but utilize digital currencies instead of fiat money. In Mexico, where financial inclusion remains a challenge for many citizens, crypto casinos offer an alternative avenue for accessing online gambling services.
Unlike conventional online casinos that require bank accounts or credit cards, crypto casinos allow Mexican players to participate using digital currencies, providing a level of financial freedom and privacy that traditional platforms cannot match. The blockchain technology underlying these platforms ensures transparency in transactions and game outcomes, marking a significant advancement in online gambling security.
Legal Status of Crypto Casinos in Mexico Mexico’s gambling laws operate in a gray area when it comes to cryptocurrency gambling. While traditional online gambling is regulated under the Federal Gaming and Raffles Law (Ley Federal de Juegos y Sorteos), specific regulations regarding crypto gambling remain undefined. The Mexican government has shown a progressive stance toward cryptocurrency adoption, though specific guidelines for crypto gambling operations are still evolving.
BC Game is a very highly regarded Crypto casino Currently, crypto casinos targeting Mexican players typically operate from offshore locations, falling outside direct Mexican jurisdiction. However, players should note that while using these platforms isn’t explicitly prohibited, they operate in an unregulated space. This regulatory ambiguity emphasizes the importance of choosing reputable platforms with proven track records.
How We Selected the Best Casinos for Mexico Our selection process focuses on platforms that cater specifically to Mexican players, considering factors such as Spanish language support, acceptance of popular payment methods in Mexico, and compatibility with Mexican cryptocurrency exchanges. We evaluate each casino’s track record, user reviews, and operational transparency. Special attention is paid to platforms offering customer support in Spanish and maintaining positive relationships with Mexican players.
LuckyBlock has some great bonuses for new players Features to Look for in a Crypto Casino Extensive game library with popular Mexican titles and live dealer options Robust security measures including SSL encryption and two-factor authentication Competitive welcome bonuses and ongoing promotions in cryptocurrency Spanish language support and region-specific payment options 24/7 customer service with Spanish-speaking representatives Provably Fair gaming systems with verifiable outcomes Mobile optimization for both iOS and Android devices Quick withdrawal processing times Multiple cryptocurrency support Clear terms and conditions in Spanish Popular Cryptocurrencies Accepted by Mexican Casinos Bitcoin (BTC) – Most widely accepted cryptocurrency Ethereum (ETH) – Popular for smart contract functionality Litecoin (LTC) – Known for fast transactions Tether (USDT) – Stable coin option Bitcoin Cash (BCH) – Lower transaction fees Ripple (XRP) – Fast international transactions Dogecoin (DOGE) – Growing acceptance rate How to Get Started with Crypto Gambling Getting started with crypto gambling in Mexico requires careful preparation and understanding of digital currencies. First, select a reputable cryptocurrency exchange that operates in Mexico, such as Bitso or Volabit. These platforms allow you to purchase cryptocurrencies using Mexican Pesos through various payment methods including bank transfers and credit cards.
Next, set up a secure cryptocurrency wallet to store your digital assets. Popular options include MetaMask for Ethereum-based tokens or Trust Wallet for multiple cryptocurrencies. Ensure you follow proper security protocols, including backing up your wallet’s recovery phrase and enabling two-factor authentication.
Betplay is a great casino & a top choice When making deposits, most crypto casinos provide detailed instructions in Spanish for transferring funds. Copy the casino’s wallet address carefully and double-check before sending any cryptocurrency. Withdrawals typically process faster than traditional casinos, often completing within minutes to a few hours.
Responsible Gambling in Crypto Casinos Responsible gambling takes on added importance in the crypto casino environment, where the potential for significant gains and losses exists due to cryptocurrency volatility. Mexican players should implement strict personal limits on both time and money spent gambling. Many reputable crypto casinos offer tools for setting deposit limits, loss limits, and session time restrictions.
Coinkings have one of the biggest welcome bonuses The National Commission against Addictions (CONADIC) in Mexico provides resources for problem gambling, though specific support for crypto gambling issues may be limited. Players should familiarize themselves with self-exclusion programs offered by crypto casinos and maintain awareness of warning signs for problem gambling behavior.
Pros and Cons of Crypto Casinos Advantages: Enhanced privacy and anonymity for Mexican players Faster withdrawal times compared to traditional online casinos Lower transaction fees, especially for international transfers Potential for cryptocurrency value appreciation Transparent gaming through blockchain technology No need for traditional banking methods Access to exclusive crypto bonuses and promotions Protection against currency devaluation Ability to play from anywhere in Mexico Disadvantages: Cryptocurrency price volatility can affect gambling funds Limited regulation and consumer protection Learning curve for cryptocurrency newcomers Risk of choosing unreliable platforms Potential technical difficulties with wallets and transactions Lack of direct government oversight Limited Spanish-language resources for some platforms Possible tax implications for crypto gambling wins Difficulty recovering funds in case of platform issues Conclusion The Mexican crypto casino market continues to grow, offering players more choices and better gaming experiences than ever before.
The best platforms combine the convenience of cryptocurrency transactions with localized features that Mexican players value most.
When choosing a crypto casino in Mexico, consider factors like Spanish language support, game variety, and payment methods that work seamlessly with Mexican banks alongside crypto options.
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FAQs Are crypto casinos legal in Mexico? Online gambling operates in a grey area in Mexico. While there are no specific laws prohibiting the use of cryptocurrency casinos, players should be aware that online gambling regulations primarily focus on land-based establishments. Many international crypto casinos accept Mexican players without issue.
Can I deposit using both crypto and Mexican Pesos? Most crypto casinos serving Mexican players offer hybrid payment solutions, allowing deposits in both cryptocurrency and traditional Mexican Pesos (MXN). This provides flexibility for players who want to use both payment methods.
Which cryptocurrencies are most popular in Mexican online casinos? Bitcoin (BTC) remains the most widely accepted cryptocurrency, followed by Ethereum (ETH) and Litecoin (LTC). Some casinos also accept Tether (USDT) and other stablecoins pegged to the US dollar.
Do Mexican crypto casinos offer Spanish language support? Yes, reputable crypto casinos serving the Mexican market provide full Spanish language support, including customer service, game interfaces, and banking instructions.
What games are available at Mexican crypto casinos? Mexican crypto casinos typically offer a full range of casino games, including slots, table games, live dealer options, sports betting, and traditional Mexican games like lotería. Many also feature games from popular providers like Evolution Gaming and Pragmatic Play.
Are bonuses at Mexican crypto casinos different from regular online casinos? Crypto casinos often offer exclusive cryptocurrency bonuses alongside traditional casino promotions. These may include Bitcoin-specific welcome bonuses, crypto reload bonuses, and special promotions for using particular cryptocurrencies.
How do withdrawal times compare to traditional online casinos? Cryptocurrency withdrawals at Mexican casinos are typically much faster than traditional banking methods, often processing within minutes to a few hours. Traditional bank transfers can take 3-5 business days.
Can I play at Mexican crypto casinos on my mobile device? Yes, most crypto casinos serving Mexico are fully optimized for mobile play through either dedicated apps or mobile-responsive websites, supporting both iOS and Android devices.
Ethereum is showing stronger network activity despite a relatively modest price recovery.
A sharp increase in smart contract deployments is coinciding with rising exchange liquidity and leveraged trading, according to CryptoQuant analyst CryptoOnchain.
The report notes that ETH’s price has climbed from around $1,770 to $1,903 over the past two weeks. At the same time, several key on-chain metrics are strengthening together. This combination differs from the patterns typically seen during accumulation or distribution phases.
Smart Contract Deployments Surge CryptoOnchain reported that new smart contract deployments are about 192% above their 90-day average. Deployments also rose 57% over the past week.
According to the analyst, this trend usually reflects renewed developer activity rather than speculative trading. It can include new protocol launches, contract redeployments, or testing ahead of product releases.
The increase suggests Ethereum’s ecosystem continues to expand even as price action remains uneven.
Stablecoin Inflows and Leverage Climb Binance has also seen a sharp increase in stablecoin inflows. The report says net stablecoin flows are nearly 370% above their three-month average, with daily inflows topping $58 million.
CryptoOnchain said the inflows suggest capital is being positioned on the exchange instead of being deployed directly on-chain.
At the same time, Binance funding rates have climbed to roughly 220% above their 90-day average. Higher funding rates typically signal stronger demand for leveraged long positions.
This means spot liquidity and derivatives activity are expanding at the same time. This setup has historically been followed by periods of elevated two-way volatility rather than a sustained move in one direction.
Low Fees and Record Staking Tighten Supply Despite stronger developer and trading activity, Ethereum’s base-layer transactions remain inexpensive. Median transaction fees are down more than 96% from levels seen three months ago.
Meanwhile, Ethereum staking has reached a record 33.58%. As more ETH is staked, less is available for trading. That could tighten the liquid supply.
CryptoOnchain said Ethereum is currently showing an unusual combination of rising builder activity, growing exchange liquidity, and elevated leverage. The analyst believes the next major move may depend on whether funding rates cool or whether price can build on its recent breakout attempt.
ETH Price Analysis ETH traded around $1,921 at press time after recovering 8.5% from roughly $1,770 over the previous two weeks. Notably, ETH reached an intraday high of $1,945 for the first time since June, showing signs of a potential move toward reclaiming the $2,000 level.
The surge in smart contract deployments and record staking levels point to improving network fundamentals. Meanwhile, rising stablecoin inflows suggest that fresh capital is waiting on exchanges.
However, elevated funding rates also increase the risk of sharper price swings as leveraged positions continue to build. If buyers maintain momentum and spot demand absorbs the growing leverage, Ethereum could attempt a stronger breakout above recent highs.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Key Takeaways DOGE currently hovering at $0.0734, positioned beneath all significant exponential moving averages, maintaining short-term bearish momentum Open Interest in futures markets increased to 15.45 billion DOGE from the previous day’s 14.64 billion Daily trading volume exceeded $1 billion, representing more than a 100% jump from the prior session’s $438 million Market analyst Ali Charts identifies consecutive weekly TD Sequential buy signals on DOGE’s chart Crypto trader Tardigrade highlights that DOGE’s monthly Stochastic RSI has reached oversold conditions similar to those observed in 2022 Dogecoin is currently positioned around the $0.0734 price level on Tuesday as digital asset markets experience a modest rebound. The popular meme cryptocurrency appears to be finding some stability, despite continuing to trade within technically bearish parameters.
Dogecoin (DOGE) Price The digital asset remains positioned underneath its 50-day, 100-day, and 200-day exponential moving averages, which are currently stationed at $0.0798, $0.0877, and $0.1047 respectively. A decisive move above the $0.075 threshold would be necessary to indicate genuine bullish momentum.
Market sentiment indicators show the Fear & Greed Index declining to 25 on Tuesday, solidly within the Extreme Fear zone. This represents a decrease from Monday’s reading of 29, suggesting continued hesitation among cryptocurrency investors.
However, derivatives markets are displaying increased engagement. Open Interest in Dogecoin futures expanded to 15.45 billion DOGE compared to 14.64 billion one day earlier, and significantly higher than the 12.01 billion recorded on June 11.
Daily trading volume surged beyond $1.02 billion on Tuesday. This marks a substantial increase from Monday’s $438 million and represents a dramatic rise from Sunday’s $336 million, indicating heightened market participation.
Technical indicators present a mixed picture, with the Relative Strength Index positioned around 43 and the MACD showing marginally positive readings. These metrics suggest potential stabilization rather than an outright bullish trend reversal.
Consecutive Buy Signals Emerge Cryptocurrency analyst Ali Charts shared observations on X, noting that Dogecoin continues to generate buy signals. The analyst highlights that DOGE’s weekly TD Sequential indicator has produced several back-to-back buy signals, characterizing this formation as an uncommon technical setup that historically precedes significant upward price movements.
Dogecoin $DOGE just keeps printing buy signals.
The weekly TD Sequential has now flashed multiple consecutive buy signals—a rare setup that could be warning a major bull rally is approaching. pic.twitter.com/DrOI9nqJ2I
— Ali Charts (@alicharts) July 21, 2026
Key support remains established at the previous trendline breach zone near $0.0709. A sustained daily close beneath this threshold could potentially trigger further downside price action.
Monthly Stochastic RSI Echoes 2022 Dynamics Trader Tardigrade, a prominent crypto market analyst, has identified another notable technical development. According to Tardigrade’s analysis, the monthly Stochastic RSI has entered oversold conditions for the first time since the 2022 bear market cycle.
$Doge/monthly#Dogecoin Stoch RSI is flashing the same signal that triggered every major rally.
The monthly Stoch RSI has hit oversold and will turn up, $DOGE explodes to a new high soon.
The indicator… pic.twitter.com/h9RQ7ShZaa
— Trader Tardigrade 🧬 (@TATrader_Alan) July 21, 2026
In Tardigrade’s assessment: “The monthly Stoch RSI has hit oversold and will turn up.” The analyst emphasizes the parallel to 2022, when comparable oversold conditions on this indicator preceded a substantial price rally in Dogecoin.
The Stochastic RSI serves as a momentum oscillator designed to identify potential trend shifts. Market participants generally combine this indicator with price movement patterns and volume analysis for validation.
DOGE’s price trajectory has consistently correlated with Bitcoin’s movements and overall cryptocurrency market dynamics. Active community engagement, available exchange liquidity, and retail investor interest continue to serve as fundamental drivers for the token beyond purely technical chart patterns.
According to Ali Charts’ analysis, DOGE’s weekly chart now displays multiple successive TD Sequential buy signals, representing a potentially significant technical development.
Dogecoin, widely recognized as a leading meme cryptocurrency, hovered near $0.0734 on Tuesday as digital asset markets showed signs of a modest rebound. Despite the uptick in volume, Dogecoin remained below several key technical thresholds and sustained a short-term bearish outlook.
Key technical levels and sentimentDogecoin is currently trading beneath its 50-day, 100-day, and 200-day exponential moving averages (EMAs), positioned at $0.0798, $0.0877, and $0.1047 respectively. These technical barriers continue to exert downward pressure, and market analysts indicate that a firm move above $0.075 is necessary for a bullish reversal to materialize.
Market sentiment remains fragile. The Fear & Greed Index, which gauges overall mood among cryptocurrency investors, dropped to 25 on Tuesday, marking a decline from Monday’s reading of 29. This fall points to increasing risk aversion and persistent caution in the broader crypto landscape.
Despite the prevailing caution, derivatives activity has intensified. Open Interest in Dogecoin futures contracts climbed to 15.45 billion DOGE from 14.64 billion the previous day, and has risen sharply compared to the 12.01 billion recorded one week earlier.
DateOpen Interest (DOGE)Daily Trading VolumeTuesday15.45 billion$1.02 billionMonday14.64 billion$438 millionPrevious week12.01 billion$336 millionDaily spot trading volume surged above $1 billion, more than doubling from Monday’s $438 million and far outpacing Sunday, which saw $336 million in trades. This trend suggests growing market participation, even while technical indicators point to uncertain momentum.
Indicators such as the Relative Strength Index (RSI), currently near 43, and the Moving Average Convergence Divergence (MACD), which shows minor positive divergence, reflect stabilization but stop short of confirming a clear trend reversal.
Technical analysis highlights potential for reversalProminent market analyst Ali Charts identified consecutive buy signals on Dogecoin’s weekly TD Sequential indicator. Such sequences have rarely appeared and, according to the analyst, frequently precede substantial rallies in the asset’s price. Highlighting the technical setup, Ali Charts stated that Dogecoin “just keeps printing buy signals,” suggesting a rare technical formation that often leads to bullish movements.
Ali Charts drew attention to the rare sequence of consecutive weekly TD Sequential buy signals visible on Dogecoin’s chart, calling it a technical development that may be “warning a major bull rally is approaching.”
Currently, Dogecoin’s critical support level stands at $0.0709, the site of a previous trendline breach. A daily close below this point could invite steeper declines.
Stochastic RSI hits oversold, recalls 2022Crypto market analyst Trader Tardigrade has also noted fresh technical signals. According to Tardigrade, the monthly Stochastic Relative Strength Index (RSI) for Dogecoin entered oversold territory, mirroring conditions last seen during the 2022 bear market. The analyst highlighted that in 2022, this indicator’s oversold status preceded a major rally in Dogecoin’s price.
Trader Tardigrade underscored that the monthly Stochastic RSI’s recent move into oversold territory “has hit oversold and will turn up,” referencing similar momentum signals that historically triggered price surges in Dogecoin.
The Stochastic RSI is both a volatility and momentum oscillator, identifying potential reversal points in a given asset. When this indicator moves into oversold conditions on longer-term charts, it can suggest the possibility of an impending trend shift.
Mini dictionary: Stochastic RSI, a technical momentum indicator that combines the Stochastic oscillator and the Relative Strength Index (RSI), helps identify overbought or oversold conditions, potentially signaling trend reversals.
Dogecoin’s trajectory is also closely linked to movements in Bitcoin and overall shifts in broader cryptocurrency markets. Analyst assessments suggest that, in addition to technical signals, factors such as community activism, exchange liquidity, and ongoing interest from retail traders continue to influence the token’s direction.
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 witnessed a rare setup that could be a precursor of a major rally, one analyst said.
The biggest meme coin, like many other leading cryptocurrencies, has been underperforming over the past several months, with its price down 73% on a yearly scale.
And while the bear market remains persistent and could linger a bit longer, some analysts have highlighted key reasons why DOGE could be gearing up for a rebound.
‘Invest When No One Else Cares’ Dogecoin has dropped to its current $0.07 (per CoinGecko), but the renowned analyst Ali Martinez outlined that the weekly TD Sequential indicator has flashed multiple consecutive buy signals. He described the trend as “a rare setup that could be warning a major bull rally is approaching.”
X user Cryptollica also chipped in. They pointed to the “dead attention” surrounding the meme coin lately, claiming that investors looking to make money should hop on the bandwagon when interest is at its weakest.
The analyst also touched on the Market Value to Realized Value (MVRV) ratio, which tumbled below 1. This development indicates that most holders are sitting at a paper loss and the asset is trading below its average cost basis. Usually, dropping to such territory appears near cycle bottoms, suggesting the bulls may soon take control.
JAVON MARKS joined the topic, too, saying DOGE could be on the verge of a major rally and could mirror its performance in past years. That said, the analyst envisioned a parabolic rise to $0.653, $0.7, and even $1.25 in the following years.
Trader Tardigrade made the most optimistic prediction, opining that DOGE has staged a massive double bottom formation that could trigger a price explosion to as high as $3.25.
You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Could Dogecoin (DOGE) Be Setting Up for Its Next Big Move? Analysts Think So ‘Dead Meme’ or Major Opportunity? DOGE Is Flashing The Same Signal That Preceded Its Biggest Rallies The Bearish Case It is hard to ignore other factors that suggest Dogecoin’s valuation could head south soon. The first one is the asset’s Relative Strength Index (RSI), which has risen above 70. Such high levels indicate that the meme coin has entered overbought territory and could be due for a correction. Conversely, readings below 30 are often seen as buying opportunities.
DOGE RSI, Source: RSI Hunter Next on the list is the lack of institutional support. Spot DOGE ETFs have not been attractive for pension funds, hedge funds, and other conservative investors, and that is no good news for the valuation. The opposite scenario would have forced the issuers of these products to buy real DOGE, thus potentially fueling a price appreciation. Since day 1, spot Dogecoin ETFs have generated a cumulative total net inflow of just $11.77 million, which is far below what spot XRP ETFs, for instance, have attracted.
$10 Million Wanchain Bridge Exploit Shakes Cardano EcosystemCardano co-founder Charles Hoskinson (@IOHK_Charles) has used a major bridge exploit to make a pointed argument about the future of crypto security. Speaking publicly after the attack, he said the incident illustrated an accelerating threat landscape that legacy infrastructure is no longer equipped to handle.
On July 21, 2026, Wanchain's bridge connecting Cardano to BNB Chain was exploited, resulting in the theft of approximately 515.2 million $NIGHT tokens worth around $10 million from the bridge treasury. The incident unfolded in just four rapid transactions over an eight-minute window.
According to blockchain security firm BlockSec, a single valid signature was used to authorize a payout roughly 65,000 times larger than Wanchain had approved. The bridge had built its signed message by raw-concatenating 14 variable-length redeemer fields without delimiters or length prefixes, allowing different field combinations to collapse to the same byte string and hash. The attacker sold roughly 300 million $NIGHT on exchanges, pushing the token down more than 30% to a record low near $0.016.
The Midnight Foundation confirmed that its protocol, validators, consensus system and core infrastructure continued operating normally throughout the incident.
Hoskinson Points to Zero-Knowledge and Privacy Tech as the FixHoskinson argued that AI-powered attacks are accelerating and that conventional bridge designs cannot keep pace. He explained why bridge hacks are, in his view, inevitable without zero-knowledge infrastructure, and outlined what wallet insurance, selective identity disclosure, and privacy technology like Midnight would mean for an industry that currently leaves victims with no recourse.
Midnight is a privacy-focused layer-1 blockchain built within the Cardano ecosystem. It uses a hybrid model and selective disclosure so users and businesses can prove facts about themselves without revealing underlying personal data. The project operates as a privacy-focused Cardano partner chain with a dual-token economic model built around $NIGHT and DUST. It launched its mainnet in March 2026.
The wider context is hard to ignore. High-profile bridge cases including Ronin ($624 million) and Wormhole ($326 million), alongside more recent 2026 incidents, underscore how bridges often become the weakest link in DeFi due to complex message verification, validator dependencies, and economic incentives for attackers. Wanchain had operated across dozens of blockchains for over eight years without a major incident, making the breach a notable exception to its track record.
Hoskinson's comments add to a broader push by the Cardano ecosystem to position zero-knowledge and privacy infrastructure not merely as a feature but as a security necessity. Whether the industry moves fast enough to act on that argument remains to be seen.
Sources
Crypto Times: Wanchain Cardano Bridge Exploited, Hackers Stole $10M in NIGHT Tokens
CoinLaw: Wanchain's Cardano Bridge Hack Drains 515 Million NIGHT
CoinDesk: Charles Hoskinson's $200M Midnight Bet Goes Live
Cardano (ADA) price edges lower on Wednesday after the 50-day Exponential Moving Average (EMA) at $1.770 capped two consecutive days of recovery seen earlier this week. ADA futures point to waning retail traction as Open Interest and trading volume decline amid elevated long liquidations. The technical outlook for ADA is bearish, as momentum remains subdued below a resistance trendline near $0.1782.
Demand wanes in Cardano futures Cardano derivatives market witnesses a decline in retail activity and conviction. CoinGlass data show that ADA futures Open Interest (OI) is down 7% over the last 24 hours to $402.74 million, with trading volume down 41% to $352.30 million. Typically, a decline in volume and OI suggests easing retail interest.
At the same time, long liquidations of $241,350 outpace short liquidations of $175,480, indicating a sell-side dominance. Meanwhile, the positive funding rate of 0.0044%, down from a peak of 0.0088% the previous day, reaffirms easing bullish sentiment among traders.
ADA derivatives data. Source: CoinGlassCould Cardano sustain its bullish momentum?Cardano edges lower on Wednesday, capped under the 50-day EMA at $0.1770 and well below the 200-day EMA at $0.2858. The downward resistance trendline, near the 50-day EMA at $0.1782, reinforces the overhead supply cluster, while the upward support trendline break level at $0.1629 underpins the recent higher lows.
The Moving Average Convergence Divergence (MACD) histogram stays marginally positive, hinting at mildly constructive momentum, but the Relative Strength Index (RSI) around 52 suggests only neutral directional pressure, leaving the broader bias constrained by the dominant resistance band.
On the topside, immediate resistance is seen at the 50-day EMA at $0.1771, followed by the downward resistance trend line reference at $0.1782. A sustained move above this zone would be needed to ease the current bearish cap and open the way toward the more distant $0.2205 horizontal level.
ADA/USDT daily price chart.On the downside, first support aligns with the upward-trending structural level at $0.1629, while a deeper pullback would expose the horizontal support area near $0.1486, where buyers are likely to defend a broader range floor.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Key Takeaways Cardano maintains its position around $0.16, supported by a crucial weekly demand zone spanning $0.14 to $0.17 Weekly RSI indicators show one of the most extreme oversold conditions in ADA’s trading history Technical analysts identify an emerging inverse head-and-shoulders formation awaiting confirmation Primary resistance barrier located between $0.224 and $0.236; successful breach could propel prices toward $0.31 Technical fair value projections place ADA at $0.56, with extended targets reaching $4.55 Cardano (ADA) currently exchanges hands around the $0.16 level, registering a decline of approximately 1.88% in the last 24-hour period. The cryptocurrency maintains a market capitalization hovering near $6.07 billion, accompanied by daily transaction volume of roughly $188 million.
Cardano (ADA) Price The digital asset currently rests marginally above a significant weekly demand region that market observers have been monitoring with particular attention. This critical zone extends from $0.14 through $0.17 and has consistently absorbed selling pressure across multiple attempts.
While bearish pressure remains evident, successive downward movements are demonstrating diminishing strength. Market technicians interpret this behavior as a potential indication that downward momentum may be exhausting itself.
Technical analyst Master of Crypto highlighted on X that Cardano has been establishing consecutive higher lows within an ascending channel formation. According to his assessment, the price has climbed above $0.175 following a rebound from support, positioning the subsequent objective near $0.219 — representing approximately 25% appreciation potential from present values.
$ADA has made higher lows inside a rising channel.
Price is now above $0.175 after bouncing from support.
If this trend continues, the next target is around $0.219.
That is about 25% upside from the current price. pic.twitter.com/vAcK1Kpcuz
— Master of Crypto (@MasterCryptoHq) July 21, 2026
Weekly RSI Indicators Hit Unprecedented Oversold Levels Cardano’s weekly Relative Strength Index has descended to among its most extreme oversold zones throughout its historical data. Technical analyst Quantum Ascend drew attention to this development on X, emphasizing $0.14 as the critical foundation and $0.236 as the primary obstacle for any upward trajectory.
While deeply oversold RSI conditions don’t provide absolute assurance of trend reversal, they frequently materialize when downward pressure reaches excessive extremes. Such conditions typically create more favorable risk-reward scenarios for prospective buyers entering positions.
Should Cardano maintain stability above the $0.14 threshold, the base-building framework remains viable. Conversely, a decisive move beneath this level might leave the token vulnerable to additional downside toward the subsequent support region around $0.10.
Potential Inverse Head-and-Shoulders Formation Develops Market analyst CryptoJack has detected a prospective inverse head-and-shoulders configuration taking shape on shorter timeframe charts. The pattern’s components—left shoulder, central head, and right shoulder—are materializing within the $0.16 to $0.17 price corridor.
This technical formation remains unvalidated at present. Cardano must successfully penetrate above the neckline established by recent local peaks to confirm the pattern.
Upon confirmation, initial upside objectives would target the $0.18 to $0.19 zone, followed by advancement toward the $0.224 to $0.236 resistance cluster. Analyst The Boss has projected additional upside milestones at $0.3136, $0.3825, and $0.4488 based on weekly chart analysis.
An independent analyst calculated ADA’s theoretical fair value at $0.56 utilizing their proprietary technical indicator framework. Their research also pinpointed a support corridor between $0.11 and $0.17 that has undergone numerous tests dating back to 2022.
The immediate resistance barrier on daily charts is positioned near $0.23. Should accumulation activity strengthen beyond this point, Cardano could advance toward $0.32, according to that technical evaluation.
Current weekly momentum indicators have yet to reflect substantial increases in purchasing demand, maintaining uncertainty around the sustainability of any potential upward movement at this juncture.
Key Takeaways Approximately 515 million NIGHT tokens valued at $13 million were stolen from Wanchain’s Cardano-to-BNB Chain bridge infrastructure on July 21, 2026. Exploiters leveraged a critical signature reuse vulnerability, transforming an authorization for roughly 3,110 NIGHT into more than 203 million tokens — representing a 65,000x amplification. The NIGHT token price plummeted over 30%, reaching an all-time low around $0.016 following mass selling of the compromised assets on DEX platforms. Midnight Foundation verified that its blockchain infrastructure, validator network, and consensus mechanisms remained completely secure — the vulnerability was confined exclusively to bridge operations. Bridge services have been suspended by Wanchain while investigators work on a comprehensive technical analysis report. On July 21, 2026, a significant security breach targeted the Wanchain-managed bridge connecting Cardano to BNB Chain. Malicious actors successfully extracted approximately 515 million NIGHT tokens from the bridge’s treasury, representing roughly $13 million in market value.
Market reaction was swift and severe, with NIGHT experiencing a price decline exceeding 30% in the following day. According to CoinGecko tracking data, the token reached approximately $0.0186, marking a new historical low point.
Midnight (NIGHT) Price Following confirmation of the security incident, Wanchain immediately disabled bridge functionality. The development team announced plans to release a comprehensive incident report with full technical disclosure.
Technical Breakdown of the Exploit Security researchers at BlockSec Phalcon pinpointed a critical vulnerability within the TreasuryCheck validator component deployed by Wanchain’s bridge architecture.
The fundamental issue stemmed from how the bridge constructed signed messages. It concatenated 14 variable-length data fields directly without incorporating delimiters or length indicators. This design flaw created a scenario where different input combinations could generate identical byte sequences and resulting hash values.
Exploiting this weakness, attackers executed a signature replay attack. They repurposed a valid signature originally authorizing approximately 3,110 NIGHT tokens to instead withdraw more than 203 million NIGHT in one transaction — achieving an approximately 65,000-fold multiplication effect.
The compromised tokens were subsequently liquidated across various decentralized exchange platforms, creating intense selling pressure that drove the dramatic price decline.
BlockSec analysts observed that the smart contract already incorporated Cardano’s SerialiseData function, but the bridge implementation failed to utilize it during signature hash construction. Proper implementation of this function would have effectively prevented this attack vector.
Midnight’s Core Infrastructure Remains Intact The Midnight Foundation moved quickly to clarify the scope of the incident. Official statements emphasized that the security compromise was entirely limited to Wanchain’s external bridge solution.
“The incident is isolated to the Wanchain Cardano–BNB bridge and does not involve the Midnight Network itself,” the foundation said.
Throughout the entire security event, Midnight’s underlying protocol, validator operations, consensus architecture, and fundamental infrastructure maintained complete operational integrity.
The stolen assets originated from the bridge’s reserve holdings used to facilitate cross-chain transactions — not from any modification to NIGHT’s maximum supply cap, which remains fixed at 24 billion tokens. The affected volume of approximately 515 million tokens represents roughly 2% of the total token supply.
Midnight activated its mainnet in March 2026. The network functions as a privacy-oriented partner chain within the Cardano ecosystem, employing a dual-token economic model centered on NIGHT and DUST tokens.
Following the mainnet deployment, NIGHT experienced price appreciation exceeding 20%. The bridge compromise has eliminated a significant portion of these earlier gains.
2026’s Growing Bridge Security Crisis This Wanchain incident represents another chapter in an expanding series of bridge-related security failures throughout 2026. Humanity Protocol experienced a $31 million loss when attackers compromised multisig wallet credentials through an infected employee device. Gnosis Pay disclosed a $1.8 million breach impacting more than 5,000 user wallets, though the platform provided complete reimbursement to all victims.
Prior to this security breach, Wanchain had maintained cross-chain operations spanning dozens of blockchain networks for more than eight years without experiencing a major security incident.
Critical upcoming developments include Wanchain’s detailed technical post-mortem publication, potential victim compensation strategies, and whether NIGHT can achieve price stabilization and recover on-chain activity metrics in upcoming trading sessions.
Cardano founder Charles Hoskinson has emphasized that Midnight’s long-term fundamentals remain strong despite the recent Wanchain bridge exploit that briefly rattled the market.
In a post on X, the Cardano founder said Midnight continues to hold significant fundamental value and revealed that the project has a roadmap packed with major upcoming developments. He also praised the ecosystem’s technology, commercialization strategy, and leadership team.
“There is fundamental value in Midnight, and we have some huge things coming for Midnight. It’s an incredible ecosystem with wonderful technology, commercialization, and leadership,” Hoskinson stated.
However, Hoskinson did not reveal details about the upcoming initiatives planned for the Cardano partner chain or provide a timeline for when they will be unveiled.
NIGHT Rebounds After Massive Sell-Off Hoskinson made the remarks shortly after NIGHT staged a sharp recovery following a severe market sell-off triggered by the unauthorized withdrawal of 515 million NIGHT tokens from the Wanchain bridge.
As previously reported, the perpetrators quickly sold hundreds of millions of NIGHT tokens across decentralized exchanges, driving the token’s price down to a low of $0.01582.
However, buying pressure returned as panic selling subsided. Consequently, NIGHT climbed back to $0.024, leaving it just a fraction of a cent below its pre-incident price of $0.02689.
At press time, NIGHT has gained 36% over the past 24 hours while recording approximately $114 million in trading volume. The strong rebound has boosted optimism that investor confidence is gradually returning despite the exploit.
Hoskinson Calls the Incident Midnight’s First Major Stress Test Addressing the exploit in a livestream, Hoskinson described the event as Midnight’s first real stress test. He argued that the ecosystem demonstrated remarkable resilience even after hundreds of millions of tokens suddenly entered the market.
According to him, Midnight’s ability to absorb such a significant liquidity shock without collapsing highlights the strength of its community and reinforces its long-term growth prospects.
Hoskinson also expressed confidence that the exploit would eventually become only a small chapter in Midnight’s broader development story.
Exploit Did Not Affect Midnight or Cardano Infrastructure Hoskinson also moved to dispel misconceptions surrounding the incident, stressing that the exploit did not compromise Midnight’s core infrastructure or the Cardano network.
He explained that the attack was confined to the Wanchain bridge and did not impact Midnight’s blockchain, smart contracts, or day-to-day ecosystem operations.
According to Hoskinson, both Midnight and the NIGHT smart contract running on Cardano have continued operating normally around the clock without any interruptions.
He further noted that the Glacier Drop distribution remains on schedule and emphasized that none of Midnight’s infrastructure was hacked. Likewise, he stated that no Cardano systems connected to Midnight were compromised during the incident. The development comes days after the Glacier Drop achieved a significant milestone, with 1.5 billion NIGHT tokens successfully redeemed through the distribution process.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The cost of the US-Iran war continues to surge, with the United States having invested at least $37.5 billion, and the escalating conflict is weighing on energy markets and global trade.
The U.S.-Iran conflict continues to escalate, with the U.S. carrying out airstrikes against Iran for the 11th consecutive night, driving rising war costs. U.S. Secretary of Defense Hegseth said that so far, the U.S. government has invested at least $37.5 billion in the war against Iran, and if military operations continue, nearly double that amount may be needed in additional funding over the coming months. According to reports, some U.S. officials previously estimated that if costs including repairs to damaged military bases are factored in, the U.S. total war expenditure may have reached $80 billion to $100 billion. Meanwhile, military operations by both sides continue to expand. U.S. Central Command stated that the latest round of airstrikes targeted Iranian aircraft hangars, drone storage facilities, and other sites, aimed at weakening Iran’s ability to threaten shipping in the Strait of Hormuz. Iran, in turn, announced a new round of attacks on U.S. military facilities in Jordan, Bahrain, and Kuwait. The escalating conflict is also roiling global energy markets. Severe disruptions to shipping in the Strait of Hormuz have pushed oil and gas prices higher, while Iran-backed Houthi forces in Yemen have announced a maritime blockade of Saudi Arabia, further raising risks for Red Sea trade routes and prompting multiple vessels to reroute. Analysts note that as the U.S. faces growing domestic pressure from higher fiscal spending, rising energy prices, and new U.S. military casualties, political pressure on the Trump administration to end the conflict is mounting. U.S. Secretary of State Rubio said the U.S. remains committed to a diplomatic solution, but questioned whether Iran is serious about engaging in negotiations.
8 minutes ago
WSJ: The U.S. is pushing to establish global trade rules for the AI era, with competition centered on data flows and source code protection.
According to a Wall Street Journal (WSJ) report, beyond tariff policies, the Trump administration is advancing a longer-term strategic initiative: signing agreements with major trade partners to establish a new generation of global trade rules centered on cross-border data flows, cloud computing, software, and artificial intelligence (AI). The report notes that 43 jurisdictions worldwide have implemented 146 digital trade barriers, including digital services taxes, data localization mandates, restrictions on cross-border data flows, and requirements for companies to surrender source code, technology, and commercial data. The U.S. argues that these rules are eroding the competitiveness of its domestic tech firms and digital economy. Recent agreements the U.S. has reached with countries including Indonesia, Cambodia, and Malaysia include provisions banning forced technology transfers, guaranteeing free cross-border data flows, prohibiting governments from demanding companies submit source code, and maintaining duty-free status for electronic transmissions—seen as an initial framework for digital trade rules in the AI era. Analysts believe that future competition over international rules related to data governance, AI regulation, and digital trade standards will be a key arena in global economic rivalry.
8 minutes ago
WTI crude oil's intraday gains widened to 4%
According to Bitget's market data, WTI crude oil surged 4% intraday, currently trading at $88.42 per barrel. Brent crude oil rose over 2% to $91.17 per barrel.
8 minutes ago
A new wallet withdrew 74,900 HYPE tokens from Galaxy Digital and transferred them to Coinbase.
According to on-chain monitoring, a newly created wallet address 0x448a withdrew 74,900 HYPE tokens from Galaxy Digital, valued at approximately $4.39 million, and subsequently transferred them to Coinbase.
8 minutes ago
OKX continues to upgrade its asset protection system, rolling out large withdrawal protection and night-time withdrawal protection.
According to official announcements, OKX has now launched large withdrawal protection and after-hours withdrawal protection. Large withdrawal protection allows users to independently set a 24-hour cross-channel cumulative withdrawal threshold, with a maximum equivalent of $10 million. After-hours withdrawal protection enables KYC-verified users to set a daily protection period of up to 12 hours, during which operations including on-chain withdrawals, C2C sales, API withdrawals, and Pay top-ups will be blocked. Users can configure these features in the "Security Center" → "Advanced Security Settings" section.
8 minutes ago
Summer Fi attacker transfers most of the stolen funds, leaving approximately $565,000 worth of ETH remaining.
According to monitoring by OnchainLens, following the Summer Fi attack on July 6, the attacker stole approximately 6.017 million DAI, and has since been converting and transferring funds via Tornado Cash. Currently, the remaining funds in the attacker’s wallets include: 11.3 ETH (valued at around $21,600) held in the original wallet, and 282.9 ETH (worth approximately $543,500) in a second wallet.
TRON DAO, the decentralized autonomous organization that governs the TRON blockchain, has introduced GreatVoyage v4.8.2 (Pyrrho) as a mandatory upgrade. The new network upgrade focuses on fortifying Ethereum compatibility, protocol security, and improving node operations. As TRON DAO mentioned in its official announcement, with this update, all node operators need to upgrade ahead of August 16, 2026, to avoid any disruptions concerning blockchain synchronization. Additionally, TRON has advised operators leveraging the Event Plugin to upgrade to its version 3.0.0 ahead of installing the exclusive node software.
GreatVoyage-v4.8.2 (Pyrrho) has been officially released.
This is a mandatory upgrade. Node operators should upgrade by August 16, 2026, 23:59 SGT to avoid disruption to block synchronization.
Key updates:
🔻 TVM compatibility with Ethereum Pectra and Osaka, including CLZ and… pic.twitter.com/J3JMP6LQVx
— TRON DAO (@trondao) July 21, 2026 TRON’s GreatVoyage v4.8.2 Upgrade Advances Ethereum Compatibility A crucial element of the new GreatVoyage v4.8.2 upgrade of TRON DAO is that it is closely aligned with the new Osaka and Pectra upgrades of Ethereum. Additionally, TVM now backs the Count Leading Zeros (CLZ) opcode while also introducing Secp256r1 signature validation. This enables compatibility with the latest authentication mechanisms like Apple Secure Enclave, WebAuthn, and Android Keystore.
Apart from that, the release enhances the MODEXP precompile with the integration of input limits, standardized signature validation, and updated pricing. Thus, the developers can build more effective dApps while keeping compatibility with resilient Ethereum standards intact. The upgrade also bolsters the core protocol of TRON by unveiling TIP-2935. It enables seamless storage of historical block hashes.
Simultaneously, the respective feature is beneficial for stateless users and L2 solutions while enhancing interoperability with advanced Ethereum-based networks. More protocol optimizations take into account securer recourse window calculations through BigInteger, enhanced calldata verification, improved TVM execution safeguards, and adjustable time restrictions for consistent contract calls. Keeping this in view, such changes are poised to elevate ecosystem security, long-term scalability, and execution reliability.
Driving Network Reliability and Network Performance According to TRON DAO, the GreatVoyage v4.8.2 notably enhances node performance as well as operational efficiency. Additionally, TRON has modernized the API layer thereof by using Jackson in place of the fastjson library, strengthening security and guaranteeing compatibility with already working integrations. The update brings forth enhanced JSON-RPC compatibility. Ultimately, the release underscores one of the leading inclusive infrastructure upgrades of TRON, attempting to increase security, operational reliability, compatibility with the advancing Ethereum network, and developer experience.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
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.
The cost of the US-Iran war continues to surge, with the United States having invested at least $37.5 billion, and the escalating conflict is weighing on energy markets and global trade.
The U.S.-Iran conflict continues to escalate, with the U.S. carrying out airstrikes against Iran for the 11th consecutive night, driving rising war costs. U.S. Secretary of Defense Hegseth said that so far, the U.S. government has invested at least $37.5 billion in the war against Iran, and if military operations continue, nearly double that amount may be needed in additional funding over the coming months. According to reports, some U.S. officials previously estimated that if costs including repairs to damaged military bases are factored in, the U.S. total war expenditure may have reached $80 billion to $100 billion. Meanwhile, military operations by both sides continue to expand. U.S. Central Command stated that the latest round of airstrikes targeted Iranian aircraft hangars, drone storage facilities, and other sites, aimed at weakening Iran’s ability to threaten shipping in the Strait of Hormuz. Iran, in turn, announced a new round of attacks on U.S. military facilities in Jordan, Bahrain, and Kuwait. The escalating conflict is also roiling global energy markets. Severe disruptions to shipping in the Strait of Hormuz have pushed oil and gas prices higher, while Iran-backed Houthi forces in Yemen have announced a maritime blockade of Saudi Arabia, further raising risks for Red Sea trade routes and prompting multiple vessels to reroute. Analysts note that as the U.S. faces growing domestic pressure from higher fiscal spending, rising energy prices, and new U.S. military casualties, political pressure on the Trump administration to end the conflict is mounting. U.S. Secretary of State Rubio said the U.S. remains committed to a diplomatic solution, but questioned whether Iran is serious about engaging in negotiations.
8 minutes ago
WSJ: The U.S. is pushing to establish global trade rules for the AI era, with competition centered on data flows and source code protection.
According to a Wall Street Journal (WSJ) report, beyond tariff policies, the Trump administration is advancing a longer-term strategic initiative: signing agreements with major trade partners to establish a new generation of global trade rules centered on cross-border data flows, cloud computing, software, and artificial intelligence (AI). The report notes that 43 jurisdictions worldwide have implemented 146 digital trade barriers, including digital services taxes, data localization mandates, restrictions on cross-border data flows, and requirements for companies to surrender source code, technology, and commercial data. The U.S. argues that these rules are eroding the competitiveness of its domestic tech firms and digital economy. Recent agreements the U.S. has reached with countries including Indonesia, Cambodia, and Malaysia include provisions banning forced technology transfers, guaranteeing free cross-border data flows, prohibiting governments from demanding companies submit source code, and maintaining duty-free status for electronic transmissions—seen as an initial framework for digital trade rules in the AI era. Analysts believe that future competition over international rules related to data governance, AI regulation, and digital trade standards will be a key arena in global economic rivalry.
8 minutes ago
WTI crude oil's intraday gains widened to 4%
According to Bitget's market data, WTI crude oil surged 4% intraday, currently trading at $88.42 per barrel. Brent crude oil rose over 2% to $91.17 per barrel.
8 minutes ago
A new wallet withdrew 74,900 HYPE tokens from Galaxy Digital and transferred them to Coinbase.
According to on-chain monitoring, a newly created wallet address 0x448a withdrew 74,900 HYPE tokens from Galaxy Digital, valued at approximately $4.39 million, and subsequently transferred them to Coinbase.
8 minutes ago
OKX continues to upgrade its asset protection system, rolling out large withdrawal protection and night-time withdrawal protection.
According to official announcements, OKX has now launched large withdrawal protection and after-hours withdrawal protection. Large withdrawal protection allows users to independently set a 24-hour cross-channel cumulative withdrawal threshold, with a maximum equivalent of $10 million. After-hours withdrawal protection enables KYC-verified users to set a daily protection period of up to 12 hours, during which operations including on-chain withdrawals, C2C sales, API withdrawals, and Pay top-ups will be blocked. Users can configure these features in the "Security Center" → "Advanced Security Settings" section.
8 minutes ago
Summer Fi attacker transfers most of the stolen funds, leaving approximately $565,000 worth of ETH remaining.
According to monitoring by OnchainLens, following the Summer Fi attack on July 6, the attacker stole approximately 6.017 million DAI, and has since been converting and transferring funds via Tornado Cash. Currently, the remaining funds in the attacker’s wallets include: 11.3 ETH (valued at around $21,600) held in the original wallet, and 282.9 ETH (worth approximately $543,500) in a second wallet.
S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new benchmark that selects digital assets using revenue, market size and liquidity measures.
Summary
S&P and Pantera launched an 18-token index focused on revenue-generating digital assets for institutional investors. ETH, BNB, SOL, TRX and HYPE rank as the index’s five largest confirmed current holdings. The benchmark screens tokens by revenue, liquidity and market size before applying capped market-cap weightings. The firms announced the product on July 21, while S&P index materials list July 20 as its official launch date. The index currently holds 18 digital assets and targets institutional investors seeking a structured way to track a broader part of the crypto market, according to the official announcement.
The five largest constituents are Ether (ETH), BNB, Solana (SOL), TRON (TRX) and Hyperliquid (HYPE), according to S&P Dow Jones Indices. The selection gives the benchmark a different profile from crypto products that concentrate heavily on Bitcoin or rank assets mainly by market capitalization. S&P says the index focuses on protocols that show recurring economic activity through protocol-level revenue.
@SPDJIndices and Pantera Capital have launched the S&P Pantera Digital Asset Index, designed to serve as a benchmark for institutional investors seeking a more disciplined and structured approach to digital asset allocation.
By focusing on quality and real-world utility, the… pic.twitter.com/3RIzqgkbZZ
— S&P Global (@SPGlobal) July 21, 2026 Revenue rules shape the S&P Pantera Digital Asset Index The index starts with assets from the S&P Cryptocurrency Broad Digital Asset Index and then applies several eligibility tests. New constituents must have a market capitalization above $500 million and meet a liquidity ratio above 0.5. Existing constituents receive a lower $250 million market-cap threshold. The screening process then narrows the eligible universe to assets that meet the benchmark’s economic activity requirements.
After the initial screening, the index ranks eligible assets by revenue generated over the previous two quarters. It adds assets until the selected group represents 99% of the eligible universe’s total revenue. S&P uses data from Artemis to measure protocol-level revenue. The index then weights constituents by adjusted market capitalization, while limiting the largest holding to 35% and every other holding to 20% at each rebalance.
Cathy Clay, CEO of S&P Dow Jones Indices, said the company built the benchmark around “using a fundamentals-driven, economics-based framework built for diversified portfolios.” The structure allows the index to serve as a benchmark for active strategies and as a possible base for future index-linked investment products. S&P also states that protocol revenue acts as a rules-based measure of economic activity rather than a forecast of future investor returns.
ETH, BNB and SOL lead the 18-token basket The current top holdings show how the revenue screen changes the composition of a broad crypto benchmark. Ether sits among the largest constituents alongside BNB and SOL, while TRX and HYPE complete the top five. The basket therefore includes smart-contract platforms and trading infrastructure that generate measurable activity across their networks.
The approach also places less weight on token popularity alone. Dan Morehead, Pantera Capital’s founder and managing partner, said “the biggest friction point in crypto hasn’t changed; it’s knowing how to allocate.” Pantera contributed digital-asset research and governance experience to the project, while S&P supplied its index design and administration framework.
The launch follows other moves by S&P Dow Jones Indices to expand its digital-asset products. As previously reported by crypto.news, S&P announced plans for the S&P Digital Markets 50 Index in 2025, combining 15 cryptocurrencies with 35 crypto-linked public companies. That product takes a wider ecosystem approach, while the new Pantera index narrows its selection around recurring protocol revenue and economic activity.
Institutional crypto benchmarks continue to expand Other financial market operators have also introduced basket-based crypto products for professional investors. As crypto.news reported in June, CME Group launched Nasdaq CME Crypto Index futures tied to eight major digital assets. The cash-settled contract gives investors a regulated way to gain or hedge exposure to several cryptocurrencies without holding each underlying token directly.
Meanwhile, S&P has continued work that connects established benchmarks with blockchain infrastructure. As crypto.news reported in April, S&P Dow Jones Indices and Kaiko announced plans to bring the iBoxx U.S. Treasury index onto the Canton Network. The project aims to support index-linked products through on-chain index data, licensing terms and access controls.
The S&P Pantera Digital Asset Index adds another model to this growing set of benchmark products. Rather than building the basket around market capitalization alone, it uses revenue and liquidity screens before assigning capped market-cap weights. Its 18-token composition and current top holdings place ETH, BNB, SOL, TRX and HYPE at the center of the benchmark at launch.
S&P says the index can act as a reference point for active managers and potential index-linked products. However, investors cannot invest directly in an index, and third parties would separately issue any investment products based on the benchmark. The index’s composition can also change at future rebalances as assets meet or fall outside its selection rules.
Balance Coin (BLC), an algorithmic stablecoin designed to track the U.S. dollar, lost more than 99% of its value after blockchain security firms reported a suspected exploit involving 42DAO.
Summary
Balance Coin lost more than 99% after security firms linked its collapse to 42DAO exploit. Attackers reportedly minted unbacked BLC before swapping tokens for USDT and BTCB through PancakeSwap pools. Two suspicious transactions on BNB Chain reportedly extracted about $915,000 as Balance Coin rapidly depegged. PeckShield said the incident caused about $915,000 in losses and linked the BLC collapse to an exploit affecting 42DAO, the decentralized organization connected to the Balance Protocol ecosystem. The security firm said Balance Coin “has plummeted -99%” following the reported attack.
The price fell from close to its intended $1 peg to a record low of $0.001209 on July 22. At the time of checking, CoinMarketCap showed BLC trading near $0.00247, down 99.75% over 24 hours. Its 24-hour range stretched from $0.001209 to $0.9955.
Security firms trace suspected attack to two transactions TenArmor reported detecting two suspicious transactions involving GemJoin and 42DAO on BNB Chain. Onchain data cited in reports showed that the first transaction minted about 4.5 million BLC from a null address before moving the tokens to PancakeSwap V2.
The attacker then reportedly swapped the newly created BLC for Binance-pegged USDT, also known as BSC-USD, and Binance Bitcoin (BTCB). Around two hours later, a second transaction allegedly used the same method to mint another 5,900 BLC and extract more assets from available liquidity.
The reported minting increased the number of BLC tokens available for sale without the normal controls expected from the protocol. As the newly created tokens entered decentralized exchange pools, selling pressure pushed BLC sharply away from its dollar target.
PeckShield estimated the losses at about $915,000. However, the security firms described the event based on their analysis of onchain activity, and a detailed post-incident report from 42DAO had not been identified in the latest available public information reviewed for this report.
Balance Coin loses its U.S. dollar peg Balance Coin operates as the stablecoin at the center of the Balance Protocol ecosystem. CoinMarketCap describes BLC as an algorithmic stablecoin on BNB Chain designed to maintain a stable value against the U.S. dollar, while 42DAO describes the token as part of its wider financial ecosystem.
The token’s fall left it trading at a small fraction of its intended value. Although its price recovered slightly from the intraday low, it remained more than 99% below the level recorded before the reported exploit when checked.
The incident resembles other cases in which unauthorized token creation placed sudden pressure on market liquidity. As crypto.news reported, Resolv’s USR stablecoin lost its peg in March after an attacker minted millions of unbacked tokens and exchanged them through DeFi markets. Resolv later paused protocol functions while investigating the breach.
Unauthorized minting remains a recurring attack method Other crypto projects have also faced sharp price declines after attackers created tokens without authorization. As previously reported by crypto.news, MAPO fell 96% in May after attackers exploited a bridge flaw to create unauthorized tokens and sell them into decentralized exchange liquidity.
In another case, Stake DAO faced an exploit in May after an attacker reportedly minted trillions of vsdCRV tokens before swapping them for ETH. These cases involved different technical weaknesses, but each allowed an attacker to create tokens outside the expected supply process.
For Balance Coin, the immediate focus remains on the reported 42DAO exploit and the status of BLC after its near-total depeg. The available onchain reports point to two suspected attack transactions,
The stablecoin market experienced another severe upheaval as Balance Coin (BLC), an algorithmic stablecoin on BNB Chain, lost over 99% of its value. The incident followed a suspected exploit involving decentralized organizations 42DAO and GemJoin, resulting in a sharp decline from its $1 target to an all-time low of $0.001209 on July 22.
Suspected attack linked to unauthorized token mintingPeckShield, a leading blockchain security firm, assessed the loss from the suspected exploit at approximately $915,000. The attack came to light when TenArmor, a blockchain analytics provider, observed two suspicious transactions that appeared to be associated with GemJoin and 42DAO. 42DAO is a decentralized organization closely tied to Balance Protocol, which supports the BLC ecosystem.
The first transaction reportedly involved the creation of about 4.5 million BLC tokens from a null address. These freshly minted tokens were quickly transferred to PancakeSwap V2, where they were swapped for Binance-pegged USDT (BSC-USD) and Binance Bitcoin (BTCB). PancakeSwap V2 is a decentralized exchange operating on BNB Chain and facilitates trading of BEP-20 tokens without intermediaries.
Mini dictionary: PancakeSwap V2, an automated market maker decentralized exchange on BNB Chain, allows users to trade cryptocurrencies and provide liquidity directly from their wallets without a central authority.
A second suspicious transaction took place roughly two hours later. The same method was used again, this time to mint an additional 5,900 BLC. These new tokens were also sold into the available decentralized exchange liquidity, facilitating further asset extraction by the attacker.
EventBLC Tokens MintedAssets Swapped ForFirst transaction4.5 millionBSC-USD, BTCBSecond transaction5,900Various assets/liquidityMarket impact and unresolved issuesThe unauthorized minting of large volumes of BLC tokens sharply increased the available supply. As these tokens flooded trading pools, significant selling pressure emerged, pushing the price of the stablecoin dramatically below its intended $1 threshold.
42DAO has not yet released a comprehensive post-incident report, leaving the exact technical vulnerability and the full damage assessment uncertain. In the absence of detailed findings, the wider implications for BLC holders and the broader Balance Protocol ecosystem remain unclear.
Attackers gained the ability to mint new tokens, sell them rapidly, and create intense downward pressure, which caused BLC to lose more than 99% of its value and left the precise technical root of the exploit still unidentified due to limited public disclosure from the protocol’s core teams.
Similar incidents in the DeFi ecosystemThe Balance Coin collapse fits into a pattern of exploits targeting decentralized finance (DeFi) protocols through unauthorized token creation. In May, MAPO, another cryptocurrency, lost 96% of its value after attackers exploited a bridge vulnerability, generated unauthorized tokens, and sold them via decentralized exchanges.
Stake DAO, a decentralized autonomous organization managing various financial products, also faced an incident where an attacker allegedly minted trillions of vsdCRV tokens and swapped them for Ether, causing heavy losses for liquidity providers.
Mini dictionary: Stake DAO is a decentralized autonomous organization that offers automated investment strategies and liquidity products, primarily focused on maximizing returns for users through smart contract driven protocols.
Despite exploiting different weaknesses, these attacks shared a similar outcome. Attackers managed to introduce tokens uncapped by the original supply rules, quickly liquidated them, and triggered extreme price declines.
Unauthorized minting remains a critical vulnerability in DeFi, exposing both protocols and investors to sharp losses when exploited by attackers.
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.
Key Takeaways Balance Coin (BLC) plummeted over 99% following a security breach on BNB Chain Hackers minted millions of unauthorized BLC tokens and converted them to USDT and BTCB The attack involved two malicious transactions that siphoned approximately $915,000 from the ecosystem Blockchain security analysts SlowMist and PeckShield identified a Bitcoin price oracle vulnerability as the exploit vector The incident targeted 42DAO, which governs the Balance Protocol infrastructure An algorithmic stablecoin designed to maintain parity with the US dollar, Balance Coin experienced a catastrophic collapse on July 22 following reports from blockchain security researchers of an exploit targeting the 42DAO platform on BNB Chain.
The digital asset plunged from approximately $1 to an all-time low of $0.001209 within hours. According to CoinMarketCap data at press time, Balance Coin was changing hands at roughly $0.00247, representing a staggering 99.75% decline in a single day.
Cybersecurity firm PeckShield calculated total damages at approximately $915,000. The company traced the incident to vulnerabilities within 42DAO, the decentralized autonomous organization responsible for managing the Balance Protocol.
Security researcher TenArmor identified two questionable transactions connected to GemJoin and 42DAO operating on BNB Chain. The initial transaction created approximately 4.5 million BLC tokens from a zero address before transferring them to PancakeSwap V2.
Following this, the perpetrator exchanged the freshly created BLC for Binance-pegged USDT and Binance Bitcoin. Approximately two hours afterward, a follow-up transaction employed identical tactics to generate another 5,900 BLC and drain additional funds from liquidity reserves.
Understanding the Oracle Price Manipulation According to SlowMist’s analysis, the perpetrators leveraged a manipulated Binance Bitcoin oracle that displayed an artificially deflated price. This deception caused the protocol to incorrectly flag secure Bitcoin-collateralized vaults as vulnerable to liquidation.
“The attacker executed a single-transaction combination that took advantage of absent price safeguards and liquidation delays within a Maker-inspired architecture,” SlowMist explained. The bad actor liquidated numerous BTCB vaults and captured the resulting spread.
The creation of uncollateralized tokens saturated decentralized exchange liquidity pools with excessive BLC inventory. This overwhelming sell pressure drove the token far below its dollar benchmark without any effective stabilization mechanism in place.
Unauthorized Token Creation Continues Plaguing DeFi Platforms Similar attack patterns have emerged across multiple protocols. Last May, MAPO experienced a 96% value decline after malicious actors leveraged a bridge vulnerability to create unauthorized tokens and liquidate them through decentralized trading platforms.
In a separate incident, Stake DAO encountered an exploit where perpetrators generated trillions of vsdCRV tokens before converting them to ETH. Additionally, Resolv’s USR stablecoin departed from its peg in March following a comparable unauthorized minting event.
Balance Coin functions as the primary stablecoin within the Balance Protocol ecosystem, which according to its GitBook documentation is predominantly collateralized by Bitcoin Cash.
An official post-mortem analysis from 42DAO remained unpublished at the time of this report. Cointelegraph indicated it attempted to contact 42DAO for official commentary, though no statement had been made available.
The blockchain evidence identifies two suspected transactions as the origin of the security breach, with damages verified at roughly $915,000 by multiple security organizations.
The cost of the US-Iran war continues to surge, with the United States having invested at least $37.5 billion, and the escalating conflict is weighing on energy markets and global trade.
The U.S.-Iran conflict continues to escalate, with the U.S. carrying out airstrikes against Iran for the 11th consecutive night, driving rising war costs. U.S. Secretary of Defense Hegseth said that so far, the U.S. government has invested at least $37.5 billion in the war against Iran, and if military operations continue, nearly double that amount may be needed in additional funding over the coming months. According to reports, some U.S. officials previously estimated that if costs including repairs to damaged military bases are factored in, the U.S. total war expenditure may have reached $80 billion to $100 billion. Meanwhile, military operations by both sides continue to expand. U.S. Central Command stated that the latest round of airstrikes targeted Iranian aircraft hangars, drone storage facilities, and other sites, aimed at weakening Iran’s ability to threaten shipping in the Strait of Hormuz. Iran, in turn, announced a new round of attacks on U.S. military facilities in Jordan, Bahrain, and Kuwait. The escalating conflict is also roiling global energy markets. Severe disruptions to shipping in the Strait of Hormuz have pushed oil and gas prices higher, while Iran-backed Houthi forces in Yemen have announced a maritime blockade of Saudi Arabia, further raising risks for Red Sea trade routes and prompting multiple vessels to reroute. Analysts note that as the U.S. faces growing domestic pressure from higher fiscal spending, rising energy prices, and new U.S. military casualties, political pressure on the Trump administration to end the conflict is mounting. U.S. Secretary of State Rubio said the U.S. remains committed to a diplomatic solution, but questioned whether Iran is serious about engaging in negotiations.
8 minutes ago
WSJ: The U.S. is pushing to establish global trade rules for the AI era, with competition centered on data flows and source code protection.
According to a Wall Street Journal (WSJ) report, beyond tariff policies, the Trump administration is advancing a longer-term strategic initiative: signing agreements with major trade partners to establish a new generation of global trade rules centered on cross-border data flows, cloud computing, software, and artificial intelligence (AI). The report notes that 43 jurisdictions worldwide have implemented 146 digital trade barriers, including digital services taxes, data localization mandates, restrictions on cross-border data flows, and requirements for companies to surrender source code, technology, and commercial data. The U.S. argues that these rules are eroding the competitiveness of its domestic tech firms and digital economy. Recent agreements the U.S. has reached with countries including Indonesia, Cambodia, and Malaysia include provisions banning forced technology transfers, guaranteeing free cross-border data flows, prohibiting governments from demanding companies submit source code, and maintaining duty-free status for electronic transmissions—seen as an initial framework for digital trade rules in the AI era. Analysts believe that future competition over international rules related to data governance, AI regulation, and digital trade standards will be a key arena in global economic rivalry.
8 minutes ago
WTI crude oil's intraday gains widened to 4%
According to Bitget's market data, WTI crude oil surged 4% intraday, currently trading at $88.42 per barrel. Brent crude oil rose over 2% to $91.17 per barrel.
8 minutes ago
A new wallet withdrew 74,900 HYPE tokens from Galaxy Digital and transferred them to Coinbase.
According to on-chain monitoring, a newly created wallet address 0x448a withdrew 74,900 HYPE tokens from Galaxy Digital, valued at approximately $4.39 million, and subsequently transferred them to Coinbase.
8 minutes ago
OKX continues to upgrade its asset protection system, rolling out large withdrawal protection and night-time withdrawal protection.
According to official announcements, OKX has now launched large withdrawal protection and after-hours withdrawal protection. Large withdrawal protection allows users to independently set a 24-hour cross-channel cumulative withdrawal threshold, with a maximum equivalent of $10 million. After-hours withdrawal protection enables KYC-verified users to set a daily protection period of up to 12 hours, during which operations including on-chain withdrawals, C2C sales, API withdrawals, and Pay top-ups will be blocked. Users can configure these features in the "Security Center" → "Advanced Security Settings" section.
8 minutes ago
Summer Fi attacker transfers most of the stolen funds, leaving approximately $565,000 worth of ETH remaining.
According to monitoring by OnchainLens, following the Summer Fi attack on July 6, the attacker stole approximately 6.017 million DAI, and has since been converting and transferring funds via Tornado Cash. Currently, the remaining funds in the attacker’s wallets include: 11.3 ETH (valued at around $21,600) held in the original wallet, and 282.9 ETH (worth approximately $543,500) in a second wallet.
Binance Coin (BNB) has gained renewed bullish momentum after crossing above a key trendline, with its price holding on to significant support levels. These developments have led to rising expectations for further gains in BNB’s value.
BNB price outlook strengthens after breakoutAt the current market snapshot, BNB trades at $572.44. Over the past 24 hours, the token has seen trading volumes reach $1.11 billion and maintains a market capitalization of $76.23 billion.
Crypto analyst BATMAN noted that BNB has trailed other major digital assets during the latest rally. However, the overall technical indicators remain positive. The token’s ability to consistently hold above an important support zone has continued to attract buyers, implying that the ongoing consolidation may be laying the groundwork for another upward surge.
Recent technical analysis shows BNB breaking out of a persistent bearish trendline while displaying a bullish divergence. This combination signals that buying sentiment is increasing as selling pressure diminishes.
With BNB’s technical structure pointing to renewed strength, the asset could gather enough momentum to attempt a move toward $630, provided the current trend continues and buying interest remains robust.
Analysts have tied BNB’s positive momentum not only to technical signals but also to improving sentiment across the wider cryptocurrency market, including an upward move in Bitcoin’s price.
MetricCurrent DataBNB Price$572.4424H Trading Volume$1.11 billionMarket Capitalization$76.23 billionPotential Price Target$630BNB Chain leads in onchain AI agent adoptionBNB Chain, the blockchain ecosystem developed by Binance, has also seen a sharp increase in developer activity focused on artificial intelligence (AI) agents. According to data from the network, the number of AI agents embedded within blockchain platforms grew from 337 in January to over 330,000, underscoring rapid expansion at the intersection of AI and Web3.
Significantly, more than 60% of these onchain AI agents now operate on BNB Chain, giving the platform a considerable advantage over competing networks.
These AI agents, commonly referred to as onchain AI bots, are autonomous programs capable of interacting with decentralized applications and managing digital assets without human intervention. Their growing presence is seen as a sign of increased developer engagement and a step towards broader adoption of decentralized, AI-powered Web3 services.
Mini dictionary: Onchain AI agent – A self-operating software entity deployed directly on a blockchain, capable of performing tasks such as asset management and interacting with smart contracts and other decentralized technologies without manual intervention.
MonthAI Agents on BlockchainAI Agents on BNB Chain (%)January337n/aLatest330,000+Over 60%Market drivers and future scenariosThe momentum behind BNB’s price has been attributed not just to technical factors but also to the rapid expansion of the network’s AI agent ecosystem. This growth positions BNB Chain as a central hub for AI-powered decentralized applications.
If bullish sentiment prevails and buying pressure continues, analysts believe BNB could push towards the $630 target. The increasing presence of onchain AI agents is viewed as a catalyst for enhanced adoption and utility of the platform, potentially fueling further gains in the token.
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.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Disclaimer: This is not available for users in the EEA. Fellow Binancians, Binance is thrilled to launch a Vana (VANA) Trading Tournament where eligible users will have a chance to share a total prize pool of 400 BNB in token vouchers! In addition, Binance is introducing an “Sprint Reward” for a limited period – the more you trade, the higher your extra rewards! Promotion Period: 2026-07-22 10:00 (UTC) to 2026-07-29 10:00 (UTC) Join Now Eligibility: All verified new, regular users and all Binance VIP users can participate.Liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers are not eligible to participate. Eligible Trading Pair(s) Trading pair(s): VANA/USDT, VANA/USDC How to Participate: Click the [Join Now] button on the landing page to register.Total Trading Volume reaches at least 500 USD equivalent in any of the aforementioned eligible pair(s) on Binance Spot during the Promotion Period. Users who do not meet this threshold will not qualify for any reward under this Trading Volume Tournament. Main Reward Structure: Statistical Period: 2026-07-22 10:00 (UTC) to 2026-07-29 10:00 (UTC)Rankings Based on the Cumulative Trading VolumeReward per Eligible Participant (in BNB Token Vouchers)1st Place12 BNB2nd Place10 BNB3rd Place8 BNB4th Place6 BNB5th Place4 BNB6th - 20th PlacesAn equal split of 40 BNB21st - 50th PlacesAn equal split of 40 BNB51st - 200th PlacesAn equal split of 64 BNB201st - 1,000th PlacesAn equal split of 56 BNBAll Remaining Eligible ParticipantsAn equal split of 80 BNB, capped at 0.01 BNB per user Sprint Reward Structure: Binance is introducing a “Sprint Reward”. For a limited period, users will receive extra rewards based on their ranking by cumulative trading volume. The more one trades during the respective Statistical Periods, the higher the extra rewards can be. Please note that users can earn from both the "Sprint Reward" and the "Main Reward" pools at the same time. Rankings Based on the Cumulative Trading VolumeRound 1 Statistical Period: 2026-07-22 10:00 (UTC) to 2026-07-24 10:00 (UTC)Round 2 Statistical Period: 2026-07-24 10:01 (UTC) to 2026-07-26 10:00 (UTC)Reward per Eligible Participant (in BNB Token Vouchers)1st Place12 BNB12 BNB2nd Place10 BNB10 BNB3rd Place8 BNB8 BNB4th Place6 BNB6 BNB5th Place4 BNB4 BNB Promotion Rules: Trading volume of any zero-fee trading pairs is excluded from the final trading volume calculation.Transaction or gas fees will be excluded from the final trading volume calculation for the tournament.All eligible buy and sell orders will be counted towards the cumulative total trading volume.Token vouchers will be distributed to winners by 2026-08-12, and will expire within 21 days after distribution. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub.The Spot Trading Volume leaderboard is updated at least once every 24 hours. The Main Reward leaderboard and Sprint Reward leaderboard will be displayed on the separate Sub-Spot landing page respectively. Data sync times vary daily but will always be completed by the end of the day.Only users who have met the minimum qualifying trading volume threshold will be displayed on the leaderboard along with their trading volume. Don’t miss out on this opportunity and share in the rewards now! To view more promotions for new listings on Binance, stay tuned to this page for the latest updates and exclusive opportunities. Guides & Related Materials: How to Spot Trade (App / Web) Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only verified users who complete the aforementioned criteria for the tournament by the end of the Promotion Period may receive rewards.This Trading Volume Tournament is available to verified new, regular and VIP users enabled for Binance Spot Trading, subject to product (and where relevant, deposit methods’) availability in users’ regions, and may be restricted in certain jurisdictions or regions, or to certain users, due to legal and regulatory requirements.Reward Distribution:All token voucher rewards will be distributed to eligible, winning users by 2026-08-12.Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within 21 days after distribution. Winning users should claim their vouchers before the expiration date, and no replacement reward will be provided. Learn how to redeem a Binance voucher.Please note that the actual value of rewards received by a user is subject to change due to market fluctuation.Token voucher rewards are subject to additional terms and conditions.Rewards are not negotiable nor transferable.Once the available rewards have been allocated to users, no further rewards will be provided notwithstanding that an eligible user may have completed the missions.A user’s trading volume in this Trading Volume Tournament will be calculated after the user has opted-in and will be based on the trading volume (i) in their master and sub-accounts, and (ii) on all Spot products, including Spot Trading, Spot Copy Trading and Trading Bots. API trades are allowed. Binance’s calculation of a user’s trading volume is final.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software. Rewards that have already been disqualified will not be returned to the prize pool.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of reward recipients, and the timing of any act to be done, and all participants shall be bound by these amendments.The commencement and operation of the campaign (including the commencement of the Promotion Period) are subject to the successful listing of the relevant token on Binance Spot. If the listing is postponed or cancelled for any reason, the campaign (including the Promotion Period and reward distribution) may be delayed, amended or withdrawn at Binance’s discretion. Binance will not be liable for any loss or inconvenience caused by such changes.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-22 Disclaimer: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
BscScan, one of the main blockchain explorers used to track activity on BNB Smart Chain, has entered a scheduled maintenance window that could temporarily disrupt parts of its website and API services.
Summary
BscScan maintenance may interrupt website and API access, but BNB Chain transactions will continue processing. OKLink can track BNB Chain transactions, addresses, tokens, contracts, and other onchain activity during maintenance. Developers relying on BscScan APIs may need backup data providers or direct blockchain connections temporarily. BNB Chain announced that the maintenance would start on July 22 at 6:00 a.m. UTC and last about three to four hours. That placed the expected end of the maintenance window between 9:00 a.m. and 10:00 a.m. UTC. The network warned that some web and API services could become unavailable during the work.
Heads up!@bscscan will undergo scheduled maintenance on July 22 at 6:00 AM UTC, which is expected to last 3-4 hours. Some web and API services may be temporarily unavailable during this time.
Need to check something in the meantime? @BSC_Trace has you covered 👇…
— BNB Chain (@BNBCHAIN) July 22, 2026 The maintenance affects BscScan rather than the BNB Smart Chain network itself. BNB Chain continues to produce blocks and process transactions independently of the explorer. Users may therefore see temporary difficulty checking a transaction through BscScan even when the underlying transfer has completed normally. BscScan serves as a tool for reading blockchain data rather than processing transactions.
BSCTrace and OKLink offer direct BscScan alternatives For users who need to check transactions, wallet addresses or blocks during the BscScan maintenance, BSCTrace provides one of the closest alternatives. The explorer supports BNB Smart Chain transaction searches, address activity, tokens, contracts, validators and gas tracking. BNB Chain also lists both BscScan and BSCTrace among its developer tools.
BNB Chain has previously directed users to BSCTrace during earlier BscScan maintenance periods. Users can search a transaction hash or wallet address there without relying on the BscScan website. However, individual tools may present data differently, so users should confirm addresses carefully before taking any action based on explorer information.
OKLink provides another active BNB Chain explorer. It allows users to search transactions, addresses, tokens and other network data. The platform also offers smart contract verification tools, making it useful for developers and users who need more than basic transaction tracking.
The OKX Web3 Explorer also supports BNB Chain and provides access to blocks, transactions, addresses and token information. These services read public blockchain data independently, so a temporary BscScan service interruption does not prevent them from displaying BNB Smart Chain activity.
Traders and developers may need different backup tools Not every BscScan alternative serves the same purpose. Traders mainly interested in token prices, decentralized exchange activity and liquidity can use platforms such as DEX Screener. These tools can continue showing trading data during an explorer outage, but they do not provide a full replacement for functions such as smart contract verification or detailed transaction logs.
Developers may face a larger disruption if their applications depend directly on BscScan APIs. Services that use those APIs to fetch balances, transaction histories, token transfers or contract information could see delayed updates or temporary errors during the maintenance window.
Developers can reduce that dependency by using direct BNB Smart Chain RPC connections or separate blockchain data providers. However, moving from one API provider to another may require changes to endpoints, authentication and data formats. For production applications, having more than one data source can reduce reliance on a single explorer service.
The distinction between a blockchain and its explorer is also important for users checking pending transfers. A missing BscScan page does not mean that BNB Smart Chain has stopped. As crypto.news recently explained in its guide to blockchain mempools, transaction confirmation depends on the underlying network, while explorers provide an interface for viewing that activity.
BscScan remains separate from the BNB Chain network BscScan plays a major role in the BNB Chain ecosystem because users rely on it to verify transactions, examine wallet activity and inspect smart contracts. However, the explorer operates as a separate data service. Its maintenance does not pause decentralized applications, token transfers or block production on BNB Smart Chain.
The temporary disruption may still create inconvenience. Traders may struggle to verify transfers through their usual interface, while developers whose applications depend on BscScan APIs could experience service problems until maintenance ends. Users can turn to BSCTrace or OKLink for direct blockchain searches and use market-data platforms for trading activity.
Block explorers also carry their own security considerations. As crypto.news previously reported, Binance founder Changpeng Zhao criticized how explorers display address-poisoning transactions. The report noted that BscScan requires users to manually hide some zero-value transactions that scammers can use to place lookalike addresses in wallet histories.
Users should therefore verify complete wallet addresses regardless of which explorer they use. Switching from BscScan to another platform during maintenance changes how users view blockchain activity, but it does not change the transactions recorded on BNB Smart Chain.
BNB Chain described the July 22 interruption as scheduled maintenance lasting about three to four hours. During that period, BSCTrace and OKLink provide direct alternatives for checking core onchain data, while traders and developers can use specialized services depending on the information they need.
Several leading cryptocurrencies are displaying renewed signs of strength after extended periods of downward movement, with technical signals pointing to potential trend reversals across the digital asset market.
XRP builds bullish pattern amid low volumeXRP, the token associated with Ripple Labs, has shown a notable turnaround after a lengthy decline earlier this year. Currently trading at $1.13, XRP has formed an ascending triangle on the daily chart—a pattern frequently linked to bullish continuation or possible upward reversals.
The current price structure is reinforced by a series of higher lows that have formed throughout July, illustrating steady buying interest as buyers stepped in earlier on each successive pullback. The rising trendline beneath the price supports this optimistic configuration.
Meanwhile, XRP continues to encounter resistance from several moving averages positioned just overhead. The 50-day exponential moving average (EMA), located near $1.17, serves as the first major obstacle. A sustained break above this level could shift market focus toward the 100-day EMA at approximately $1.24.
XRP’s relative strength index (RSI) has moved above the neutral 50 mark after months of softness, signaling an upswing in trader optimism, although trading volumes remain subdued as the market awaits confirmation.
Beyond these resistance points, the $1.30 area marks a key psychological and technical barrier. Conversely, failing to hold the rising trendline could leave XRP vulnerable to further losses, potentially targeting the $1.05–$1.00 support zone and invalidating the bullish outlook.
Resistance LevelApproximate Price50-day EMA$1.17100-day EMA$1.24Key psychological level$1.30200-day EMA$1.44Cardano targets $0.20 as recovery stabilizesCardano (ADA), a blockchain platform known for its research-driven approach, is emerging from one of its longest downturns. Trading now at $0.175, ADA has reclaimed several key short-term moving averages and is holding above its June lows, strengthening the technical picture despite still lagging major resistance levels.
A notable breakout from the prolonged horizontal range near $0.15–$0.16 has helped shift momentum in favor of buyers. This move established a firm higher low structure, which has been reinforced by continued support from both the 20-day and 50-day EMAs.
ADA’s RSI has climbed above 56, reflecting increased bullish momentum while not yet suggesting overbought conditions, and the next hurdle to watch is the $0.20 mark near the 100-day EMA.
A decisive move above $0.20 could open the path toward the $0.22–$0.25 zone. Improved trading volume since earlier in the year also points to renewed investor interest. However, the $0.16 support remains critical for ADA’s ongoing recovery prospects.
LevelApproximate PriceJune lows/support$0.16Current price$0.175Next resistance (100-day EMA)$0.20Potential target range$0.22–$0.25Stellar’s uptrend supported by strong baseStellar (XLM), known for its blockchain-based cross-border payment solutions, continues to quietly build a robust recovery structure. As of now, XLM trades near $0.19, consolidating above key moving averages after rebounding from its June lows.
Three critical EMAs—the 20-day, 50-day, and 100-day—have converged near its current price, setting the stage for an increase in volatility. Large volume surges seen in June signal growing market engagement, even as sellers have repeatedly tested the $0.18 support zone.
Despite multiple pullbacks, XLM has not set lower lows since the rallies, indicating that buyers are absorbing ongoing supply. Momentum indicators such as the RSI, which is near 52, further bolster the case for extended gains without the threat of immediate overheating.
A move above the $0.20–$0.21 resistance could see XLM revisiting previous highs near $0.23 and $0.25. Maintaining support above $0.18 is key for the integrity of the current uptrend, while a breakdown could shift attention back to $0.16.
Mini dictionary: Stellar (XLM) is a decentralized open-source protocol focused on enabling low-cost, fast international transfers and asset issuance.
Bitcoin faces crucial battle at $68,000Bitcoin, the market-leading cryptocurrency, has staged a recovery from its sharp June decline and is now trading near $66,300. The token has set successive higher lows, a pattern suggesting buyers are gradually regaining control of price action.
This rebound has lifted Bitcoin above both short- and medium-term moving averages. Yet, the region surrounding the 100-day EMA at $68,000 has proved a major challenge during recent rallies, repeatedly capping upside attempts.
A confirmed break above $68,000 could open the door for an advance to the $72,000–$75,000 range and reinforce a stronger medium-term trend for BTC. On the flip side, support between $63,000 and $64,000 remains pivotal for maintaining the current recovery phase.
The RSI has surpassed 60, highlighting improved demand, while trading volumes have steadied after the June sell-off. Whether Bitcoin can retake the $68,000 barrier in the coming days may prove decisive in setting the tone for the next market phase.
Key LevelApproximate PriceSupport zone$63,000–$64,000Current price$66,300Major resistance (100-day EMA)$68,000Potential target range$72,000–$75,000Disclaimer: 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.
The cost of the US-Iran war continues to surge, with the United States having invested at least $37.5 billion, and the escalating conflict is weighing on energy markets and global trade.
The U.S.-Iran conflict continues to escalate, with the U.S. carrying out airstrikes against Iran for the 11th consecutive night, driving rising war costs. U.S. Secretary of Defense Hegseth said that so far, the U.S. government has invested at least $37.5 billion in the war against Iran, and if military operations continue, nearly double that amount may be needed in additional funding over the coming months. According to reports, some U.S. officials previously estimated that if costs including repairs to damaged military bases are factored in, the U.S. total war expenditure may have reached $80 billion to $100 billion. Meanwhile, military operations by both sides continue to expand. U.S. Central Command stated that the latest round of airstrikes targeted Iranian aircraft hangars, drone storage facilities, and other sites, aimed at weakening Iran’s ability to threaten shipping in the Strait of Hormuz. Iran, in turn, announced a new round of attacks on U.S. military facilities in Jordan, Bahrain, and Kuwait. The escalating conflict is also roiling global energy markets. Severe disruptions to shipping in the Strait of Hormuz have pushed oil and gas prices higher, while Iran-backed Houthi forces in Yemen have announced a maritime blockade of Saudi Arabia, further raising risks for Red Sea trade routes and prompting multiple vessels to reroute. Analysts note that as the U.S. faces growing domestic pressure from higher fiscal spending, rising energy prices, and new U.S. military casualties, political pressure on the Trump administration to end the conflict is mounting. U.S. Secretary of State Rubio said the U.S. remains committed to a diplomatic solution, but questioned whether Iran is serious about engaging in negotiations.
3 minutes ago
WSJ: The U.S. is pushing to establish global trade rules for the AI era, with competition centered on data flows and source code protection.
According to a Wall Street Journal (WSJ) report, beyond tariff policies, the Trump administration is advancing a longer-term strategic initiative: signing agreements with major trade partners to establish a new generation of global trade rules centered on cross-border data flows, cloud computing, software, and artificial intelligence (AI). The report notes that 43 jurisdictions worldwide have implemented 146 digital trade barriers, including digital services taxes, data localization mandates, restrictions on cross-border data flows, and requirements for companies to surrender source code, technology, and commercial data. The U.S. argues that these rules are eroding the competitiveness of its domestic tech firms and digital economy. Recent agreements the U.S. has reached with countries including Indonesia, Cambodia, and Malaysia include provisions banning forced technology transfers, guaranteeing free cross-border data flows, prohibiting governments from demanding companies submit source code, and maintaining duty-free status for electronic transmissions—seen as an initial framework for digital trade rules in the AI era. Analysts believe that future competition over international rules related to data governance, AI regulation, and digital trade standards will be a key arena in global economic rivalry.
3 minutes ago
WTI crude oil's intraday gains widened to 4%
According to Bitget's market data, WTI crude oil surged 4% intraday, currently trading at $88.42 per barrel. Brent crude oil rose over 2% to $91.17 per barrel.
3 minutes ago
A new wallet withdrew 74,900 HYPE tokens from Galaxy Digital and transferred them to Coinbase.
According to on-chain monitoring, a newly created wallet address 0x448a withdrew 74,900 HYPE tokens from Galaxy Digital, valued at approximately $4.39 million, and subsequently transferred them to Coinbase.
3 minutes ago
OKX continues to upgrade its asset protection system, rolling out large withdrawal protection and night-time withdrawal protection.
According to official announcements, OKX has now launched large withdrawal protection and after-hours withdrawal protection. Large withdrawal protection allows users to independently set a 24-hour cross-channel cumulative withdrawal threshold, with a maximum equivalent of $10 million. After-hours withdrawal protection enables KYC-verified users to set a daily protection period of up to 12 hours, during which operations including on-chain withdrawals, C2C sales, API withdrawals, and Pay top-ups will be blocked. Users can configure these features in the "Security Center" → "Advanced Security Settings" section.
3 minutes ago
Summer Fi attacker transfers most of the stolen funds, leaving approximately $565,000 worth of ETH remaining.
According to monitoring by OnchainLens, following the Summer Fi attack on July 6, the attacker stole approximately 6.017 million DAI, and has since been converting and transferring funds via Tornado Cash. Currently, the remaining funds in the attacker’s wallets include: 11.3 ETH (valued at around $21,600) held in the original wallet, and 282.9 ETH (worth approximately $543,500) in a second wallet.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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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.
S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new crypto benchmark that excludes Bitcoin (BTC) entirely.
CEO Cathy Clay said Bitcoin fails the index’s core test, generating real protocol revenue instead of trading purely on speculation.
How the Index Weighs Its TokensThe index holds 18 constituents. Its five largest holdings are Ether (ETH), Binance Coin (BNB), Solana (SOL), Tron (TRX), and Hyperliquid (HYPE), a decentralized derivatives exchange.
The benchmark weights holdings by market capitalization and rebalances quarterly. No single token can exceed 35% of the total, and no other holding can top 20%. These caps mirror rules S&P applies to its own equity benchmarks.
Clay wants to bring stock-index discipline into digital assets. She favors protocols with verifiable economic activity over ones that trade on name recognition alone.
Pantera co-developed the methodology with founder Dan Morehead. The firm has managed over $3 billion across three investment strategies since launching its first crypto fund in 2013.
“S&P Dow Jones Indices helps investors cut through market noise with benchmarks you can trust.”
Clay, CEO of S&P Dow Jones Indices
Wall Street Warms to Altcoin SeasonThe exclusion highlights a widening split in how institutions define crypto value. By this measure, revenue beats Bitcoin’s dominant narrative as the market’s largest asset. Pantera’s history with institutional crypto access suggests more revenue-screened benchmarks could follow.
The launch lands as retail altcoin season signals stay unconfirmed but improving. CoinGlass’s Altcoin Season Index climbed to 58 in mid-July, building on a June 4 spike to 64. That reading sits above the neutral midpoint, but it remains short of the 75 threshold that confirms genuine rotation.
Institutional flows tell a parallel story. A March BeInCrypto Expert Council discussion found major allocators narrowing institutional crypto bets to Bitcoin, Ethereum, and a short list of DeFi names.
A revenue-screened benchmark like the S&P Pantera Digital Asset Index offers portfolio managers a compliant route into that same thesis. It provides exposure to large-cap altcoins with real usage, skipping meme coins and speculative networks entirely.
If other index providers copy the approach, institutional capital could rotate into select altcoins early. That could happen well before retail-driven altcoin season data confirms a broader move.
A new wallet withdrew 74,900 HYPE tokens from Galaxy Digital and transferred them to Coinbase.
According to on-chain monitoring, a newly created wallet address 0x448a withdrew 74,900 HYPE tokens from Galaxy Digital, valued at approximately $4.39 million, and subsequently transferred them to Coinbase.
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OKX continues to upgrade its asset protection system, rolling out large withdrawal protection and night-time withdrawal protection.
According to official announcements, OKX has now launched large withdrawal protection and after-hours withdrawal protection. Large withdrawal protection allows users to independently set a 24-hour cross-channel cumulative withdrawal threshold, with a maximum equivalent of $10 million. After-hours withdrawal protection enables KYC-verified users to set a daily protection period of up to 12 hours, during which operations including on-chain withdrawals, C2C sales, API withdrawals, and Pay top-ups will be blocked. Users can configure these features in the "Security Center" → "Advanced Security Settings" section.
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Summer Fi attacker transfers most of the stolen funds, leaving approximately $565,000 worth of ETH remaining.
According to monitoring by OnchainLens, following the Summer Fi attack on July 6, the attacker stole approximately 6.017 million DAI, and has since been converting and transferring funds via Tornado Cash. Currently, the remaining funds in the attacker’s wallets include: 11.3 ETH (valued at around $21,600) held in the original wallet, and 282.9 ETH (worth approximately $543,500) in a second wallet.
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A certain whale has bought a total of 54,449 ETH and 600 WBTC since the end of June.
According to monitoring by The Data Nerd, wallet address 0x2684 has been steadily accumulating ETH and WBTC since June 30, with its current unrealized profit exceeding $12.5 million. The whale has purchased a total of 54,449 ETH (valued at roughly $94 million, at an average price of ~$1,726) and 600 WBTC (worth ~$38.37 million, with an average purchase price of ~$63,950). The position turned to unrealized profit after the whale added to its holdings during a market downturn.
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Analysis: Bitcoin’s volatility falls to its lowest level since 2016, sustained deleveraging reduces liquidation risks
Crypto Quant analyst Axel Adler Jr noted in a post that Bitcoin has recently entered a low-volatility compression phase. The 30-day average of its 1-week realized volatility has fallen to 28.3, a roughly 31% drop from the June 25 peak of 41.6. The metric has also retreated to around the 8th percentile of its historical distribution since 2016, meaning 92% of past trading days saw higher volatility than current levels. Meanwhile, Bitcoin’s 30-day momentum of open interest (OI) relative to market capitalization has been negative for 21 consecutive days, signaling market leverage is continuing to decline rather than accumulating amid the low-volatility environment. The cryptocurrency’s current price has rebounded approximately 11.4% from its June low, but this uptick has not been paired with an expansion of derivative positions, reducing the risk of a large-scale liquidation cascade. However, Bitcoin remains below its 200-day moving average of $72,666. If volatility rises back above 35 while the price fails to hold above the long-term moving average, downside risks could increase.
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Optical module and storage stocks pull back collectively in pre-market US stock trading.
According to BIT (Bit.com) market data, ahead of U.S. stock market opening, the optical module and storage sectors saw a slight pullback after rallying sharply yesterday, with pre-market funds showing signs of profit-taking. Optical module stocks: Coherent (COHR) closed up 11.15% at $317.220 yesterday, trading at $306.260 pre-market, down 3.46%; Lumentum Holdings (LITE) closed up 9.41% at $837.560, pre-market at $812.060, down 3.04%; Applied Optoelectronics (AAOI) closed up 15.76% at $119.260, pre-market at $115.940, down 2.78%; Nokia (NOK) closed up 5.46% at $10.630, pre-market at $10.530, down 0.94%; Marvell Technology (MRVL) closed up 6.68% at $207.960, pre-market at $202.720, down 2.52%. Storage stocks: Seagate Technology (STX) closed up 11.14% at $891.830 yesterday, pre-market at $864.500, down 3.06%; Western Digital (WDC) closed up 12.51% at $548.390, pre-market at $530.000, down 3.35%; SanDisk (SNDK) closed up 14.27% at $1589.400, pre-market at $1546.080, down 2.73%; Micron Technology (MU) closed up 12.17% at $970.820, pre-market at $944.550, down 2.71%. Pre-market, optical module and storage stocks generally pulled back 2%-3.5%, a technical adjustment following yesterday's sharp rally. Funds remain concentrated in the AI infrastructure chain, with storage and optical interconnection continuing to benefit from the expansion of AI server demand.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana (SOL) steadies at $78 on Wednesday, up over 2% so far this week. Institutional demand shows positive signs with SOL spot Exchange Traded Funds (ETFs) recording a second consecutive day of inflow this week. In addition, strengthening derivatives metrics support further gains ahead.
Institutional demand shows a bullish biasSoSoValue data shows that spot ETFs recorded an inflow of $5.83 million on Tuesday, the highest single-day inflow since July 6 and marking the second consecutive day of inflows this week. If this inflow continues and strengthens throughout the week, the SOL price could rally.
On the derivatives front, rising long bets among the traders further support the bullish bias. CoinGlass’ long-to-short ratio reads 1.12 on Wednesday, nearing the highest level over a month. A ratio below 1 indicates bullish sentiment, as traders bet that asset prices will rise.
Solana long-to-short ratio chart. Source: CoinglassSolana Price Forecast: Closes above 50-day EMASolana price trades at $78.05 on Wednesday, maintaining a capped near-term tone as it holds below the 100-day Exponential Moving Average (EMA) at $80.39 and well under the 200-day EMA at $92.87. Price remains just above a local support cluster defined by the 50-period EMA at $76.76 and the horizontal line at $77.06, suggesting ongoing consolidation rather than a clear bullish breakout.
The Relative Strength Index (RSI) at 54 remains in neutral-to-positive territory. At the same time, the Moving Average Convergence Divergence (MACD) indicator is still slightly negative, suggesting that upside attempts are tentative and vulnerable to renewed selling pressure, with these higher averages capping the pair.
On the topside, immediate resistance is seen at the 50% retracement at $79.27, followed by the 100-day EMA at $80.39; a daily close above this band would open the way toward the 61.8% Fibonacci retracement at $83.78.
On the downside, initial support is found at the horizontal line at $77.06, reinforced by the 50-day EMA at $76.76; a break below this zone would expose the 38.2% Fibonacci retracement at $74.75, with deeper floors at $69.16 and $60.13 only likely to be tested if sellers regain firm control of the daily trend.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Solana has experienced a significant influx of stablecoins, with a reported $330 million entering the network in the past 24 hours. This development, primarily driven by Circle, the issuer of USDC, underscores Solana’s role as a major host for stablecoin liquidity. Circle’s recent activity on Solana aligns with reports suggesting that the network holds approximately $15 billion in stablecoins, with USDC constituting a substantial portion. The inflow indicates continued confidence in Solana’s network capabilities and its attractiveness as a stablecoin platform.
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Key Takeaways Market activity suggests that the $330 million stablecoin inflow into Solana could be consistent with support for a price increase. Circle’s role as a key driver in Solana’s stablecoin ecosystem is reinforced by recent mints and inflows. Current market odds for Solana reaching $90 in July appear to be minimally affected so far, with a 7.5% YES pricing. What to Watch Watch for further inflows and mints by Circle, which could indicate ongoing support for Solana’s growth. Markets will be attentive to any changes in price movement that align with these inflows, especially with only 10 days left in July. Observers should also monitor any potential announcements from Solana or Circle that could impact market sentiment and pricing dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 7.5% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.4% — — View market → August 1 2026 1.6% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 21.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Key Highlights SOL currently holds at $78, up approximately 5% from its low on July 18 A decisive close above $80 is required to unlock momentum toward $82–$84 Heavy short liquidations concentrated between $79–$80 may fuel a squeeze higher BONK governance exploit extracted $20M from treasury, shaking ecosystem trust Breakdown beneath $75.55 could send SOL toward $72.50 and potentially $67 Solana is currently positioned at $78.03, marking a roughly 5% rebound from the July 18 bottom after support solidified near the $74 mark. Intraday action has kept the token confined between $77.42 and $78.88, while remaining below the $82–$84 resistance zone tested earlier this month.
Solana (SOL) Price The critical threshold sits at $80. A sustained daily close beyond this level would pave the way toward July’s swing peaks between $82.50 and $84. Should bulls manage to clear that zone, the next milestones emerge at $90 and the previous range ceiling around $97.60.
Technical structure on the 4-hour timeframe shows SOL trading comfortably above four pivotal moving averages — positioned at $75.55, $76.42, $77.01, and $77.60. This configuration signals near-term bullish control. The MACD indicator maintains its position above the signal line, although upward momentum has begun to taper.
Prominent crypto analyst Michaël van de Poppe shared his perspective on X, noting that SOL is successfully “holding the range low” and suggesting it’s “just a matter of time” before momentum drives prices toward $120. His outlook remains decidedly bullish despite recent sideways movement.
The path of $SOL remains the same.
It's holding the range low and, to me, it's just a matter of time until this starts to accelerate towards $120. pic.twitter.com/hv6rVMtkxl
— Michaël van de Poppe (@CryptoMichNL) July 21, 2026
Potential Short Squeeze Taking Shape Liquidation metrics from CoinGlass reveal substantial short interest concentrated around $78.50, $79.20, and $80.60. A decisive breakthrough above $79 could trigger forced liquidations among overleveraged shorts, injecting fresh buying pressure and potentially accelerating movement toward $81.
Source: Coinglass The Chaikin Money Flow indicator currently registers at -0.02, just below neutral territory, suggesting that capital inflows haven’t fully supported the recent price recovery. Validation of the uptrend will require more robust buying volume.
Trader Daan Crypto Trades offered a straightforward assessment: SOL has arrived at a “key high timeframe region.” The outcome is binary—either bulls break through and aim for the $90s, or the price faces rejection and retreats toward the mid-$60s.
BONK Treasury Exploit Clouds Market Mood Market confidence suffered following a governance exploit that siphoned approximately $20 million from the BonkDAO treasury. The perpetrator invested roughly $4.4 million to accumulate sufficient BONK tokens for governance participation, then successfully pushed through a malicious proposal with 99.9% voting support. While Solana’s core infrastructure remained uncompromised, the episode exposed governance vulnerabilities within a prominent ecosystem project.
On the broader macroeconomic front, Brent crude oil climbed to $91.01 amid escalating U.S.-Iran geopolitical tensions, pushing the dollar index to 101.16. A strengthening dollar generally dampens investor appetite for risk assets including SOL.
U.S. spot Solana ETFs registered $8.36 million in net inflows on July 6 — marking their most robust single-day performance in nearly eight weeks — with zero outflows documented throughout the entire week.
Should support at $75.55 fail to hold, downside targets emerge at $72.50 followed by the June low around $67.
S&P Dow Jones Indices and Pantera Capital launched a new crypto index, leaving out Bitcoin (BTC) and Ripple’s XRP crypto assets. Ethereum (ETH), Binance Coin (BNB), Solana (SOL), TRON (TRX), and Hyperliquid (HYPE) are the top five constituents in the new benchmark for the crypto market.
Why Bitcoin and XRP Missed Out of S&P Dow Jones Crypto Index? S&P Dow Jones Indices and Pantera Capital announced the S&P Pantera Digital Asset Index, a new benchmark for the crypto market. The companies claim it will serve as a benchmark for institutional investors seeking a disciplined and structured approach to digital asset allocation.
However, the crypto index excludes top crypto assets Bitcoin and XRP. It also leaves out WhiteBIT Token, Unus Sed Leo and Rain Protocol.
S&P Dow Jones Indices CEO Kathy Clay said Bitcoin and XRP were excluded from the S&P Pantera Digital Asset Index due to their failure to meet a key revenue-generation requirement.
“We bring that same discipline to digital assets, using a fundamentals-driven, economics-based framework built for diversified portfolios. In collaboration with Pantera and powered by Artemis data, we apply the same standards in trusted benchmarks like the S&P 500 to help investors focus on fundamentals in one of today’s most fast-moving asset classes,” Clay added.
Bitcoin and XRP communities have already pushed back against the new benchmark for the crypto market as it doesn’t include top crypto assets.
BTC price has dropped below $66K after hitting a 24-hour high of $66,910. Also, XRP price has dropped more than 2% from $1.16 to $1.13 at press time amid escalating US-Iran war.
Details on S&P Pantera Digital Asset Index The new S&P Pantera Digital Asset Index holds 18 constituents, with ETH, BNB, SOL, TRX, and HYPE as the top five crypto assets.
Unlike traditional crypto indices that track prices or top crypto assets based on market cap, this index adopts an approach similar to traditional financial benchmarks. The crypto index only includes tokens and projects that have real-world utility and generate actual revenue.
The benchmark weights holdings by market capitalization and rebalances quarterly. The weighting factors include no single token can exceed 35% of the total and no other holding can top 20%. These caps mirror rules S&P applies to its equity benchmarks.
S&P Pantera Digital Asset Index Construction and Constituents Kathy Clay claimed she wants to bring stock index discipline into digital assets. She favors protocols with verifiable economic activity over ones that trade on hype and price momentum.
By prioritizing protocols with verifiable economic activity, this indexing approach aligns with the institutional framework powering regulated real-world asset platforms bridging traditional finance on-chain.
Solana (SOL) trades at $78, maintaining its recovery following a rebound from lows near $74 on July 18. The cryptocurrency has climbed approximately 5% from its recent bottom, but remains capped below the overhead resistance of $82 to $84, an area that restricted upward momentum earlier in July.
Key technical levels and bullish signalsSOL currently sees intraday trading between $77.42 and $78.88, staying just under the $80 mark that many traders view as a crucial breakout level. A consistent daily close above $80 would open the path toward July’s swing highs around $82.50 to $84. If this level is cleared, technical targets shift upward to $90 and then to the previous range top near $97.60.
On the 4-hour chart, SOL holds above four major moving averages: $75.55, $76.42, $77.01, and $77.60. This alignment suggests buyers maintain near-term control despite some moderation in upward momentum.
The Moving Average Convergence Divergence (MACD) currently remains above its signal line, reinforcing a short-term bullish outlook, though momentum looks to be flattening.
Crypto analyst Michaël van de Poppe described the current structure as “holding the range low,” adding that it may be just a matter of time before SOL targets $120. He continues to express a bullish outlook, even with the recent period of consolidation.
Short interest and liquidation zonesData from liquidations tracking platform CoinGlass highlights significant concentration of short positions at $78.50, $79.20, and $80.60. A move above $79 could trigger notable short liquidations, compelling a squeeze and providing momentum for SOL to climb past $81.
Meanwhile, the Chaikin Money Flow indicator stands at -0.02, slightly below neutral. This reading indicates capital inflows have yet to fully confirm the recent uptick in price, suggesting that higher trading volumes will be necessary to drive further gains.
Trader Daan Crypto Trades described SOL as being at a “key high timeframe region,” indicating that the next move will depend on the bulls’ ability to break through toward the $90 range, or risk a pullback into the mid-$60s.
Mini dictionary: Chaikin Money Flow (CMF) is a technical analysis indicator that uses price and volume data to gauge the buying and selling pressure of a security. Values above zero indicate buying pressure, while values below zero signal selling pressure.
LevelSignificance$75.55Support, moving average$78.50–$80.60Short liquidation zone$80Critical breakout resistance$82–$84Next resistance$90–$97.60Further upside targets$72.50–$67Potential downside if support failsImpact of BONK treasury exploitSentiment within the Solana ecosystem took a hit after a governance exploit targeted the BonkDAO treasury, leading to the loss of approximately $20 million. The individual behind the attack invested around $4.4 million in acquiring BONK tokens, which allowed them to pass a malicious proposal that drew overwhelming approval in a manipulated governance vote. This incident left Solana’s core blockchain untouched, but exposed vulnerabilities in decentralized decision-making across major Solana-based projects.
Mini dictionary: BonkDAO is a decentralized autonomous organization responsible for managing the treasury and governance of the BONK meme coin ecosystem on Solana, enabling token holders to participate in governance through voting.
On a broader scale, external factors have also influenced SOL’s performance. Brent crude oil reached $91.01 following renewed geopolitical tensions between the United States and Iran, which pushed the US dollar index up to 101.16. A stronger dollar typically reduces the appetite for risk assets, including cryptocurrencies like Solana.
Still, Solana’s position in regulated markets strengthened when US spot Solana exchange-traded funds attracted $8.36 million in net inflows on July 6, their best single-day performance in nearly two months. No outflows were registered for the week, reflecting ongoing institutional interest.
If the $75.55 support level weakens, SOL could retreat toward $72.50 and possibly revisit the June low near $67.
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.
