Sam Altman is heading to Washington next week to brief the Trump administration and US lawmakers on OpenAI’s upcoming AI models.
For crypto markets, the connection is less direct but still worth watching. Altman’s involvement with Worldcoin and its WLD token means that every major OpenAI development tends to send ripples through AI-adjacent crypto assets, whether the briefing mentions digital currencies or not.
What Altman is bringing to the table The briefing will cover OpenAI’s next generation of AI models and their safety implications. Altman is expected to meet with White House officials and congressional leaders to discuss frameworks for how the government and private sector can collaborate on AI oversight.
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Following Trump’s executive order on artificial intelligence issued in June 2026, Altman met with White House officials and congressional leaders including House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries. That meeting happened on June 3, just one day after the executive order dropped.
Those earlier conversations led to concrete outcomes. The Trump administration urged OpenAI to stagger the release of its GPT-5.6 model family, limiting initial access to roughly 20 trusted partners for security and safety evaluations. In a July 9, 2026 interview, Altman confirmed that OpenAI made “many changes” to its models based on discussions with top officials, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent.
The regulatory landscape is shifting fast Trump’s AI executive order emphasized the need for oversight and safety protocols around advanced AI systems. Altman publicly supported aspects of the order, framing it through the lens of US leadership in AI development rather than as burdensome regulation.
What this means for investors The most immediate market implication is for AI-linked crypto assets. While no cryptocurrency tokens were directly referenced in any of the AI safety discussions between Altman and the administration, the indirect connection through Worldcoin’s WLD token makes this relevant territory for crypto traders.
WLD has historically functioned as a proxy for sentiment around OpenAI and Altman’s broader technology ambitions. When OpenAI announces major developments or faces regulatory scrutiny, WLD tends to move in sympathy.
The staged release model that emerged from earlier discussions, where roughly 20 trusted partners get access before the general public, also creates a new dynamic for institutional investors. Companies that land on that trusted partner list gain an informational edge, and any publicly traded or token-linked entities in that group could see outsized market reactions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sam Altman is a tech genius, no one seriously disputes that. ChatGPT and his other creations have proven it to the entire world. Yet, with Worldcoin and its crypto WLD, his intelligence seems to have hit an insurmountable wall. Grayscale’s helping hand could serve as an unexpected springboard. The bet is bold, but the path remains strewn with obstacles.
In Brief Grayscale filed a Worldcoin spot ETF (GWLD) on Nasdaq on July 20, causing a 4.5% jump in WLD. The token remains 97% below its peak of $11.74 reached in March 2024, a dizzying drop. Grayscale itself lists the risks: 7 countries have banned the project, 90% of tokens are concentrated in 100 wallets. Technical analysis shows a bullish signal, but the rebound remains fragile facing massive token unlocks. Grayscale’s SEC Filing Sends WLD Up 4.5 % — But the Token Is Still Down 97 % On July 20, 2026, Grayscale, author of an ETF linked to Hyperliquid, dropped a bomb on the SEC’s desk. The ETF issuer submitted a Form S-1 to launch a Worldcoin spot fund (WLD) on Nasdaq, under the ticker GWLD. BitGo will handle asset custody, BNY Mellon will administer the fund. The trust will be passive, with no leverage or derivatives.
The news propelled the token by 4.5% to $0.37. Yet, WLD remains 97% below its peak from March 2024, which topped $11.74.
Grayscale knows the way though. It converted its Bitcoin Trust into a spot ETF in January 2024, after a legal battle with the SEC. Solana and Dogecoin ETFs followed.
But WLD is neither Bitcoin nor Solana. It’s a controversial crypto, banned in seven countries, in free fall for two years.
The ETF Issuer’s Filing Reads Like a Warning Label for Worldcoin Investors Grayscale’s S-1 filing reads like an inadvertent indictment against Worldcoin. Seven countries took action against the project between 2024 and 2025: Spain, Portugal, Germany, Hong Kong, Brazil, Kenya, and Indonesia. The reason? Collecting biometric data via the Orbs, these devices that scan users’ iris.
Grayscale also mentions the centralization of World Chain, whose unique sequencer makes the network vulnerable. And then there is the token concentration: the 100 largest wallets hold 90% of the circulating supply. The paradox is striking.
The ETF issuer, seeking to convince investors, simultaneously lists reasons not to invest. Is it transparency or a disguised warning?
Bloomberg analysts, like James Seyffart, confirmed the filing on X. But the file remains incomplete: management fees are not disclosed, trading partners are unnamed.
WLD Breaks Out of Falling Channel : Technical Bounce or Real Reversal ? Technical analysis of WLD shows an interesting signal following Grayscale’s filing. The crypto jumped 4.5% to $0.37, breaking out of a descending channel on the 4-hour chart. This technical move was anticipated by some traders.
Before the announcement, a “falling wedge” had formed, a classic bullish signal where selling pressure gradually weakens. Immediate resistance is now at $0.3796, followed by $0.3876 and $0.3957.
Below, key support lies at $0.3681, then $0.3534. The RSI at 49.59 remains close to neutral, leaving room for growth. The MACD shows a timid bullish crossover, with a positive histogram of 0.0016.
The macro context did not play a major role: the overall crypto market only rose 1% over the same period. WLD’s rise is therefore specific to the ETF announcement.
But with 97% losses since the ATH, this rebound remains modest.
Will the SEC Approve Grayscale’s Worldcoin ETF ? Here’s What’s at Stake Uncertainty remains the only certainty in this complex case. The S-1 filing is just a first step among many. The SEC must approve the prospectus and Nasdaq must authorize the listing. Amendments will be necessary before any final approval.
Grayscale already won against the SEC in 2023 for its Bitcoin Trust, but WLD’s case is far more complex. The token itself could be deemed a “financial security” by regulators, which would force the trust to shut down.
Grayscale praises easy access to WLD for traditional investors. But it admits the token is vulnerable, concentrated, and contested. A risky bet disguised as an institutional product. The question remains: will the ETF save WLD or sink it further?
Key figures of the Grayscale bet: WLD price at the time of writing: $0.3838; All-time high: $11.74 in March 2024; Drop since ATH: 97%; Circulating supply: 3.5 billion out of 10 billion. Happy days for Worldcoin holders seem far, very far away. We still remember the 140% price explosion driven by the hype around AI. But that memory fades before a dizzying 97% drop.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
VitaDAO, the decentralized autonomous organization that funds longevity research, has launched VitaApp, a tool designed to collect and analyze users’ health data for biological age tracking. The app represents a tangible consumer-facing product from a DAO that has, until now, operated mostly in the funding-and-governance lane of decentralized science.
What VitaApp actually does At its core, VitaApp collects health data from users and runs it through analytical frameworks to estimate biological age. The app fits into a broader AI-driven strategy VitaDAO has been building out. The organization already has AubrAI, a live AI agent on the platform, and is developing the Biohacker Agent, which focuses on analyzing biomarkers tied to health and longevity.
GitHub repositories referencing a “VITA personal health agent sandbox” were updated as recently as April 16, 2026, indicating active development on the underlying infrastructure. VitaDAO emphasizes that health data is handled securely, a non-trivial concern when you’re asking people to hand over intimate biological information to a decentralized protocol.
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The numbers behind VitaDAO VitaDAO has deployed $4.7 million across 31 projects to date. The organization’s governance token, VITA, is an ERC-20 token with a hard cap of 64,298,880 tokens. Roughly 26 million of those are currently in circulation. VitaDAO has a projected fully diluted valuation target of $60 million.
The VITA token functions as the governance mechanism. Holders vote on which longevity research projects receive funding, creating a model where the crowd essentially acts as a distributed venture capital firm for anti-aging science.
DeSci meets consumer health tech VitaDAO’s website emphasizes using artificial intelligence to accelerate research idea generation, validation, and execution. AubrAI is already live, and the Biohacker Agent in development is designed to parse supplement and biomarker data for actionable longevity insights.
As of July 21, 2026, there appears to be little media coverage surrounding the VitaApp launch, suggesting it may be early-stage news lacking additional verifiable information beyond its initial unveiling.
What this means for investors There are real risks worth watching. Health data privacy is a regulatory minefield, and a decentralized protocol handling sensitive biological information will inevitably attract scrutiny from regulators who are already skeptical of crypto. The EU’s GDPR, various US state-level privacy laws, and emerging AI regulations all create potential friction points.
For VITA token holders, the path from current valuations to that $60 million FDV target depends heavily on VitaApp adoption. With 31 funded projects, a live AI agent in AubrAI, and now a consumer app, VitaDAO has a developing product suite in the DeSci longevity niche.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Coinbase is temporarily shutting off LCX deposits and withdrawals for a three-day window starting July 27 to facilitate a token migration. Existing balances will automatically convert to the new LCX token at a 1:1 ratio, meaning holders on the platform don’t need to lift a finger.
The migration window runs through July 29, 2026, and Coinbase has confirmed no transaction fees will apply during the swap. For a token trading at roughly $0.0207, even small friction costs would matter to holders, so the fee waiver is a practical move.
Why LCX is migrating in the first place LCX, the Liechtenstein-based crypto exchange and tokenization platform, is updating its token infrastructure to comply with the European Union’s Markets in Crypto-Assets Regulation, better known as MiCA.
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MiCA went into effect on July 1, 2026. Coinbase isn’t the first major exchange to back the migration either. Kraken announced its support back on March 13, 2026, giving LCX two of the largest Western exchanges endorsing the transition.
LCX’s bigger picture: MasterDEX and LCX Liberty On July 15, 2026, just days before the migration announcement, LCX completed its acquisition of MasterDEX, a multi-chain decentralized finance platform. The acquisition is designed to power LCX Liberty, the company’s new American DeFi product line.
What this means for LCX holders on Coinbase The practical impact for most holders is minimal. If you have LCX tokens sitting on Coinbase, the conversion happens automatically. You don’t need to approve anything, move tokens to a different wallet, or interact with a smart contract. Your balance stays the same, just denominated in the new token.
The key thing to watch is the three-day pause on deposits and withdrawals. If you’re planning to move LCX on or off Coinbase between July 27 and July 29, you’ll need to adjust your timing.
Coinbase stock was trading at $179.25 as of July 21, 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Takeaways Cathie Wood’s ARK Invest divested 203,352 Shopify shares valued at $25.1 million from several ETFs The firm acquired 28,106 Meta Platforms shares for $18.2 million before the company’s July 29 quarterly report Meta shares have surged more than 15% in the last 30 days with a Strong Buy rating from analysts Analyst consensus forecasts Meta’s Q2 revenue at $60.22 billion, representing nearly 27% growth from last year Raymond James boosted Meta’s price target to $850, highlighting its expansion into AI cloud infrastructure In a significant portfolio adjustment on July 20, Cathie Wood’s ARK Invest executed two substantial transactions: offloading a sizable Shopify stake while accumulating Meta Platforms shares just ahead of the social media giant’s upcoming quarterly disclosure.
The investment firm divested 203,352 shares of Shopify distributed across ARKK, ARKW, and ARKF portfolios, generating proceeds of $25.1 million. This transaction marks a continuation of ARK’s recent Shopify divestment pattern, indicating a strategic reduction in its e-commerce holdings.
Simultaneously, ARK accumulated 28,106 shares of Meta Platforms valued at $18.2 million through its three flagship ETFs. This strategic purchase arrives mere days before Meta’s anticipated second-quarter 2026 financial results disclosure on July 29.
Meta Platforms, Inc., META
Meta’s stock price has experienced a robust rally, appreciating over 15% during the past month. Market participants have shown enthusiasm for the company’s strategic initiatives around leasing AI computational infrastructure to external enterprises and manufacturing proprietary semiconductors to optimize operational expenses.
Analysts Highlight Meta’s Artificial Intelligence Strategy Meta is preparing to commence production of its proprietary AI processor, designated “Iris,” scheduled for September launch through a collaboration with Broadcom. This initiative represents a strategic effort to minimize dependence on third-party hardware providers while expanding into AI infrastructure services.
On July 21, Raymond James analyst Josh Beck elevated his Meta price objective to $850 from $825, maintaining a Strong Buy recommendation. Beck highlighted Meta’s potential to monetize its extensive data center infrastructure by offering computational capacity to external organizations, establishing an additional revenue channel from its AI capital expenditures.
Bank of America analyst Justin Post reaffirmed a Buy rating with an $835 target on July 20. He anticipates robust advertising demand will propel Q2 performance beyond market expectations, projecting revenue of $60.6 billion alongside earnings per share of $7.50.
Post additionally observed that Meta’s May workforce reductions could enhance profitability metrics. He identifies Meta’s AI capabilities as catalysts for future advertising revenue growth and emerging income streams.
Wall Street’s Q2 Expectations for Meta BMO Capital analyst Brian Pitz maintained a Market Perform stance with a $720 price objective. He acknowledged that Meta’s recent AI product launches and cloud infrastructure plans have alleviated certain investor concerns, though he seeks greater transparency regarding investment return trajectories.
Pitz also identified potential regulatory challenges from government-mandated age-verification requirements that could impact Meta’s platform operations.
Among 40 Wall Street analysts covering Meta, the stock commands a Strong Buy consensus, comprising 35 Buy ratings and five Hold recommendations issued over the past three months. The average price target of $805.98 implies approximately 25% appreciation potential from present trading levels.
The analyst community broadly anticipates Meta will deliver Q2 EPS of $7.19, reflecting 0.8% growth versus the prior-year quarter, accompanied by revenue of $60.22 billion, marking nearly 27% year-over-year expansion.
In addition to the Meta and Shopify transactions, ARK also acquired $21.2 million in space industry company SPCX while divesting holdings in Iridium Communications, Baidu, Advanced Micro Devices, and Robinhood Markets.
Meta’s Q2 2026 earnings release scheduled for July 29 will provide critical insights into the stock’s forward trajectory.
Cathie Wood’s ARK Invest has gained an early paper profit after buying $20.45 million of SpaceX stock one day before the shares jumped 7.10% to $128.37.
Summary
ARK Invest bought 170,634 SpaceX shares worth about $20.45 million across four ETFs. SpaceX stock jumped 7.10% to $128.37, giving ARK an early paper gain. ARK’s SpaceX investment has surpassed $475 million despite heavy short selling and IPO losses. ARK Invest’s July 20 trading disclosure shows that four of the firm’s actively managed exchange-traded funds bought a combined 170,634 SpaceX shares while the stock was trading under its $135 IPO price. Based on Monday’s closing price of $119.85, the purchases were worth about $20.45 million.
During Tuesday’s session, SpaceX shares rose $8.52 to $128.37 as of 11:31 a.m. EDT, according to Nasdaq real-time market data. Applying that increase to ARK’s latest purchase gives the position an unrealized gain of about $1.45 million, although its final value will depend on where the stock trades when the funds sell.
Source: Yahoo Finance Tuesday’s advance followed a 3.34% decline on Monday, when SpaceX extended a steep retreat from its post-IPO peak. Despite the rebound, the stock remained about 4.9% below its $135 offer price and nearly 43% under its record high of $225.64.
ARK expands its SpaceX exposure Among the four funds, the ARK Innovation ETF made the largest purchase by adding 97,664 SpaceX shares. ARK’s disclosure valued that position at roughly $11.70 million using Monday’s closing price.
The ARK Autonomous Technology & Robotics ETF purchased another 31,807 shares worth about $3.81 million. At the same time, the ARK Next Generation Internet ETF added 28,153 shares valued at approximately $3.37 million.
Completing the latest round, the ARK Space Exploration & Innovation ETF bought 13,010 shares for close to $1.56 million. ARK spread the purchase across funds with different mandates, although each portfolio gained exposure to the same SpaceX price recovery.
Monday’s transaction followed another large ARK purchase on July 17, when four funds acquired 147,623 SpaceX shares after the stock fell 5.43% to a fresh post-IPO low. According to ARK’s July 17 trading report, those shares were worth about $18.3 million at the closing price of $123.99.
ARKK led that earlier purchase with 95,129 shares valued at approximately $11.8 million. ARKQ bought 30,464 shares worth $3.78 million, while ARKX added 12,611 shares valued at $1.56 million. ARKW completed the transaction with 9,419 shares worth roughly $1.17 million.
Across the July 17 and July 20 disclosures, ARK purchased 318,257 SpaceX shares valued at about $38.75 million at the respective closing prices. The two transactions continued a series of investments that began around SpaceX’s June 12 stock-market debut.
According to Ark Invest Tracker, Wood’s firm had already invested more than $475 million in SpaceX by the week ending July 10. The tracker reported about $52.1 million of purchases during that week, following roughly $444 million of buying around the IPO.
Wall Street’s outlook remains largely positive despite SpaceX’s post-IPO decline. According to an Ark Invest Tracker post citing Reuters data from July 7, analysts had a median price target of $213.50, which implies about 66% upside from Tuesday’s $128.37 price. Raymond James held the highest target at $800, followed by Morgan Stanley at $300, while MoffettNathanson had the lowest estimate at $130.
WALL STREET'S MEDIAN TARGET ON SPACEX IS $213.50, 43% ABOVE ITS $149.5 CLOSE.
Raymond James has the street high at $800
Fourteen of sixteen firms have targets above the $149.5 close
Deutsche Bank ($143) and MoffettNathanson ($130) are the only two below it https://t.co/GGgmGH0GuB pic.twitter.com/tp70Lod9sa
— Ark Invest Tracker (@ArkkDaily) July 21, 2026 Short sellers retain large exposure Although Tuesday’s rally gave ARK’s latest position an early lift, S3 Partners data indicates that bearish traders have benefited from the decline that followed SpaceX’s record high. According to the financial-data firm, short sellers accumulated about $4 billion in paper profits over the previous month.
S3 Partners also estimated that investors betting against SpaceX had shorted about 30% of its freely traded shares, equal to roughly 192 million shares. A large short position can add buying pressure when the price rises because some traders may repurchase shares to close their bets, though S3 Partners had not attributed Tuesday’s gain specifically to short covering.
Operational concerns have also weighed on investor sentiment since the IPO. SpaceX called off Starship’s first planned post-listing flight after an automatic abort triggered by engine problems, according to the original launch update. The cancellation added another setback while the stock was already retreating from its June peak.
Investors are also watching the scheduled expiration of SpaceX’s post-IPO lockup on Aug. 19. According to the lockup details cited in the original report, the expiration could make an additional 900 million shares eligible for trading, potentially increasing the stock’s available supply.
For now, Tuesday’s 7.10% jump has recovered Monday’s entire decline and moved SpaceX closer to its IPO price. Nasdaq data still placed the shares $6.63 below the $135 offer level, leaving ARK’s earlier purchases with different results depending on their entry prices, even as the latest $20.45 million bet moved into profit.
Tether International announced on Tuesday that Twenty One Capital has appointed Raphael Zagury as its chief executive, succeeding Jack Mallers, who is leaving the role to focus on Strike, the Bitcoin payments company he founded.
The companies said the transition will be managed through an orderly transfer of responsibilities and confirmed they are no longer proceeding with plans unveiled in April to combine Twenty One Capital, Strike and Elektron Energy. Strike will continue as an independent company.
The abandoned proposal would have created a single Bitcoin-focused company with exposure to mining, payments and capital markets. Mallers had been expected to remain CEO of the combined business, while Zagury was slated to become president.
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The transaction was also expected to increase Twenty One Capital’s Bitcoin holdings by incorporating Strike’s Bitcoin treasury but those plans have now been shelved.
The leadership change comes after Mallers oversaw the creation and public listing of Twenty One Capital, helping establish the firm as one of the world’s largest corporate Bitcoin holders. Twenty One Capital currently holds 43,514 Bitcoin worth approximately $2.9 billion.
“I’m grateful to everyone at XXI and everyone who believed in what we built,” Mallers stated. “Serving Bitcoiners has always been the mission, and that doesn’t change. Strike is where I carry it forward.”
“On behalf of the Board of Directors, I would like to thank Jack for his vision and leadership in founding Twenty One Capital, and for guiding the company through its business combination and successful listing on the New York Stock Exchange in December 2025,” Tether CEO Paolo Ardoino stated. “He took conviction in Bitcoin and turned it into a public company, and we’re grateful for that.”
The company said it will now build on that foundation by expanding into Bitcoin-focused financial services, lending, capital markets products and educational programs, with further details on its strategic direction expected in the coming months.
Zagury, who currently heads the team managing Elektron Energy, has served on Twenty One Capital’s board and will remain a director after assuming the CEO role. His background includes senior positions at Goldman Sachs, Deutsche Bank and Merrill Lynch, as well as leadership roles at fintech lender OpenCo and investment bank One Partners.
“Now that we embark on the next chapter, Rapha is one of the best operators in this industry, with a track record of building businesses with strong cash flows and disciplined execution. He brings exactly the operating standards XXI needs as it enters its next phase of growth,” Ardoino added.
Zagury said his focus will be on applying institutional standards of governance, operational rigor and disciplined capital allocation to maximize the value of the company’s Bitcoin-backed balance sheet.
“Twenty One holds one of the largest Bitcoin balance sheets in the public markets,” Zagury commented on the move. “My job is to build the operating company around it, with the discipline, governance, and executional rigor of an institution. I believe our business will perform best when we also focus on the cash flow we generate and the rigor with which we allocate capital, not only by the Bitcoin we hold.”
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Board member Raphael Zagury takes over the Tether-backed bitcoin treasury company, and Strike is no longer under consideration for a business combination.
Jack Mallers said he is stepping down as CEO of Twenty One Capital, the Tether-backed bitcoin treasury company he founded, to focus on his payments firm Strike.
"I've decided to step down as CEO of Twenty One," Mallers wrote on X on Tuesday. "My life's work remains Bitcoin. My Bitcoin company is @Strike. The work continues."
Twenty One Capital, which trades under the ticker $XXI, is naming Raphael Zagury as CEO to succeed Mallers. Mallers is returning to Strike full-time.
Twenty One Capital was assembled as one of the largest bitcoin treasury vehicles, positioned against Michael Saylor's Strategy. Mallers founded the company and had run it alongside Strike, the bitcoin payments company he leads.
Mallers did not state a reason for the departure beyond wanting to concentrate on Strike. He described the decision as difficult but "the right one" and said the experience "brought tremendous clarity about who I am and what I want to build.”
Key HighlightsStrike Chooses Independence as Leadership ReshufflesTwenty One Capital Refines Bitcoin-Centric VisionContext Behind Tether’s Strategic Reconfiguration Strike withdraws from proposed merger with Twenty One Capital and Elektron Energy
Jack Mallers resigns from Twenty One Capital CEO position while maintaining Strike leadership
Elektron Energy and Twenty One Capital maintain ongoing merger discussions
Tether adjusts corporate strategy following Strike’s departure from deal
Twenty One Capital pivots direction with new leadership structure
A Tether-supported initiative to merge Twenty One Capital, Strike, and Elektron Energy has collapsed following Strike’s decision to withdraw from the arrangement. Jack Mallers is stepping away from his position at Twenty One Capital while maintaining his leadership role at Strike. Meanwhile, Twenty One Capital and Elektron Energy are exploring a potential partnership under revised management as both organizations recalibrate their strategic approaches.
Strike Chooses Independence as Leadership Reshuffles The original merger plan aimed to consolidate Bitcoin treasury management, cryptocurrency payment processing, and mining infrastructure within a single publicly-traded entity. That vision has been abandoned. Strike has opted to maintain its autonomous operations.
Jack Mallers has relinquished his chief executive position at Twenty One Capital, the role he held since the company’s inception. Despite this departure, he retains his CEO position at Strike and will continue guiding its strategic development. Raphael Zagury, previously heading Elektron Energy, has transitioned into the leadership role at Twenty One Capital.
According to a Bloomberg report, both Strike and Twenty One Capital have verified that the three-way merger has been terminated. Nevertheless, negotiations between Twenty One Capital and Elektron Energy continue to progress. Tether maintains controlling ownership positions in both entities.
Twenty One Capital Refines Bitcoin-Centric Vision Tether unveiled the merger initiative in April, aiming to consolidate three distinct cryptocurrency enterprises into one publicly-listed corporation. The framework positioned Twenty One Capital as the Bitcoin treasury arm, Strike as the payment infrastructure provider, and Elektron Energy as the mining division. The reconfigured approach now eliminates Strike from consideration.
Raphael Zagury assumes control of Twenty One Capital’s direction following his appointment as chief executive. The organization seeks to reinforce its operational infrastructure, governance protocols, and capital markets presence. Furthermore, leadership is determined to evolve beyond passive Bitcoin accumulation.
The refreshed approach encompasses acquiring operational enterprises and optimizing capital deployment. Twenty One Capital intends to establish Bitcoin-collateralized lending platforms while diversifying financing mechanisms. The firm also targets the creation of more robust and consistent revenue streams.
Context Behind Tether’s Strategic Reconfiguration Twenty One Capital debuted in 2025 with financial support from Tether, Cantor Fitzgerald, and SoftBank. Tether subsequently purchased SoftBank’s equity position, consolidating greater authority over the enterprise. The stablecoin provider has simultaneously broadened its portfolio across Bitcoin mining and digital infrastructure investments.
Previous merger proposals had garnered endorsement from Tether, which planned to approve the consolidation of these operations. The arrangement sought to establish a unified public entity encompassing treasury operations, payment systems, and mining activities. Ultimately, the parties withdrew from this comprehensive framework prior to finalization.
Strike has pursued independent expansion throughout this timeframe. The platform obtained a New York BitLicense and a money transmitter license from the New York Department of Financial Services in March. Elektron Energy maintains operational control of roughly 50 exahashes per second in Bitcoin mining power while keeping production expenses beneath current Bitcoin valuations.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
PANews reported on July 22 that the U.S. Attorney’s Office for the District of Columbia, together with the U.S. Secret Service Washington Field Office, announced that investigations into multiple international cyber fraud cases have led to the seizure of over $25 million in cryptocurrency, funds suspected to originate from crypto investment scams targeting residents of the United States and Canada.
This operation is part of the U.S. “Scam Center Strike Force,” launched in 2025 by District of Columbia Prosecutor Jeanine Ferris Pirro, with total assets recovered to date exceeding $800 million.
U.S. prosecutors said that on July 21, 2026, the District of Columbia U.S. Attorney’s Office filed five civil forfeiture complaints in U.S. district court, seeking forfeiture of over $25 million in crypto assets recovered in various fraud investigations. Investigators said these cases involve multiple money laundering networks and victims worldwide. Criminal groups lured victims into investing through fake crypto investment platforms, online romance scams, and other methods, then obscured the source of funds by moving them through multiple wallet addresses and mixing services. The seized funds are linked to five main investigations:
In one case, Canadian law enforcement provided the U.S. Secret Service with wallet addresses suspected of transferring illicit proceeds. Investigators froze the addresses and traced more than 270 suspected victim transactions, involving approximately $10.4 million;
The second case involves online romance scams, with over 200 victims defrauded. The illicit funds were moved through hundreds of intermediary wallet addresses and commingled with funds from other victims, amounting to about $12.08 million;
The third case involves a victim in the Washington, D.C. capital region who participated in a fake crypto investment project and lost contact with the scammers after a withdrawal failure, with related funds of around $1.23 million;
In the fourth case, a victim transferred millions of dollars in cryptocurrency to a fraudulent investment account. Investigators traced some of the funds to six wallet addresses and froze approximately $2.39 million;
In the fifth case, scammers impersonated a “stolen asset recovery” agency, tricking victims into paying fees, involving about $285,000.
The U.S. Secret Service said these cases remain under active investigation, and law enforcement is tracking the suspects behind the fraud networks and will work with international law enforcement agencies to hold them accountable.
According to official announcements, the U.S. Attorney’s Office for the District of Columbia and the U.S. Secret Service Washington Field Office jointly announced today that multiple investigations conducted by their joint cyber fraud task force have seized over $25 million in cryptocurrency assets. The assets are linked to an international fraud network targeting residents of the U.S. and Canada, and are part of the more than $800 million in illicit assets cumulatively recovered by the U.S. Department of Justice’s Fraud Center Strike Force, which was established in 2025.
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Nuveen global investment strategist Laura Cooper said in a report that following June’s interest rate hike, the European Central Bank (ECB) will likely hold interest rates steady at this week’s meeting while maintaining a hawkish stance. Cooper noted that if renewed tensions drive energy prices higher, the ECB will remain open to further policy tightening. She added that inflation is milder than feared, the Purchasing Managers’ Index (PMI) pricing subindex shows almost no signs of reaccelerating, and producer price data confirms upstream cost pressures are easing. “These factors provide a reason for holding steady this month,” she said. The complication is that commodity supplies are being disrupted again, which could reignite energy price pressures just as the ECB gains confidence in its inflation decline path.
3 hours ago
US crypto-related stocks rose broadly, with Coinbase surging more than 12%.
According to market data from BIT (bit.com), crypto-related stocks in the US equities market rallied across the board during intraday trading: Circle (CRCL) rose 7.28%, MARA gained 6.56%, Sharplink (SBET) climbed 2.52%, Robinhood (HOOD) advanced 8.34%, Bullish (BLSH) increased 7.71%, Coinbase (COIN) jumped 12.15%, and Strategy (MSTR) rose 4.65%.
3 hours ago
Trump: Our issues with Iran are far from over.
US President Donald Trump said: "Our situation with Iran is far from over. We will not withdraw now and have already exerted significant influence on Iran. Our agreement will not allow Iran to possess nuclear weapons."
Leadership Change And Merger CollapseFounder and Chief Executive Officer Jack Mallers stepped down after board disagreements over corporate strategy, handing leadership to Wall Street veteran Raphael Zagury.
Coinciding with the leadership shift, the company’s planned combination with payments platform Strike and Bitcoin miner Elektron Energy was officially terminated.
Strategy Shift Raises Investor ConcernsInvestor sentiment appeared to weaken following several changes to the company’s original strategy. Jack Mallers resigned as CEO to focus full-time on Strike, the Bitcoin payments network he co-founded, while Strike will remain an independent company instead of joining Twenty One, removing its transaction network from the company’s planned Bitcoin-native platform.
Investors also face uncertainty over a potential acquisition of Elektron Energy, which remains at a preliminary stage with no assurance a deal will be completed. Any transaction would also be subject to heightened scrutiny because new CEO Raphael Zagury co-founded and leads Elektron, requiring related-party review and board approval.
Raphael Zagury Brings Wall Street ExperienceZagury, whose appointment took effect July 20, previously served as an independent director and interim Audit Committee chair for Twenty One. He resigned from his committee roles to take the chief executive position but remains on the board.
Before joining Twenty One, Zagury held senior positions at Goldman Sachs, Deutsche Bank and Merrill Lynch. He also co-founded boutique firm One Partners, Brazilian lender OpenCo and Elektron Energy.
Twenty One Refocuses On Institutional Bitcoin StrategyUnder Zagury, Twenty One is shifting its strategy away from the previously proposed combination with Strike and toward building an institutional Bitcoin operating company focused on cash flow and disciplined capital allocation.
“Twenty One holds one of the largest Bitcoin balance sheets in the public markets,” Zagury said. “My job is to build the operating company around it, with the discipline, governance, and executional rigor of an institution.”
Moving forward, the company plans to prioritize positive cash flow, disciplined capital allocation, Bitcoin-backed financial products and corporate lending.
Twenty One Capital Price ActionXXI Stock Price Activity: Twenty One Capital shares were down 9.78% at $4.80 at the time of publication on Tuesday, according to Benzinga Pro data.
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Strike has officially exited a planned merger supported by Tether that aimed to combine Strike, Twenty One Capital, and Elektron Energy under a single publicly listed entity. The decision brings significant changes for all involved parties, leading to a restructuring of leadership and corporate strategies as the groups adapt to new circumstances.
Leadership changes and merger statusJack Mallers, founder and CEO of Strike, has resigned from his role as chief executive at Twenty One Capital. Mallers continues to lead Strike, ensuring the company remains focused on its original business operations. Raphael Zagury, previously the head of Elektron Energy, has stepped into the CEO position at Twenty One Capital, taking on responsibility for the firm’s strategic direction.
Strike’s choice to remain independent has resulted in the abandonment of the initial merger vision, which sought to bring together Bitcoin treasury management, payments infrastructure, and mining operations under one consolidated structure. Both Strike and Twenty One Capital have confirmed that the three-way merger has been terminated; however, Twenty One Capital and Elektron Energy are continuing discussions about a revised partnership.
Tether, which retains controlling ownership stakes in both Twenty One Capital and Elektron Energy, is now reassessing its approach following Strike’s departure from the merger framework.
Raphael Zagury’s appointment at Twenty One Capital marks a shift towards reinforcing operational infrastructure and governance, while leadership aims to expand beyond passive Bitcoin holding strategies.
Strategy update for Twenty One Capital and Elektron EnergyUnder its restructured leadership, Twenty One Capital will focus on building a robust capital markets presence, strengthening governance practices, and pursuing strategic investments and acquisitions. The company is preparing to launch Bitcoin-collateralized lending platforms and explore diversified finance mechanisms as part of broadening its revenue base.
Elektron Energy, meanwhile, continues to operate approximately 50 exahashes per second of Bitcoin mining power while maintaining production costs below prevailing market prices. The company remains in active negotiations with Twenty One Capital regarding possible future collaborations.
Industry observers note that technological advancements and market dynamics require adaptable tools for investors and companies alike. To stay ahead in this evolving landscape, solutions like CryptoAppsy, which requires no account creation hassle, combine crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. This all-in-one financial assistant allows users to instantly seize opportunities with smart price alerts, filter news by specific coins, discover newly listed altcoins as they emerge, and monitor macroeconomic data such as Fed interest rates to stay one step ahead of the market.
Tether’s investment strategy and ongoing changesTwenty One Capital entered the cryptocurrency sector in 2025, backed financially by Tether, Cantor Fitzgerald, and SoftBank. Tether later purchased SoftBank’s stake, consolidating increased control over the enterprise while maintaining a central role in shaping strategy.
Initially, the merger plan positioned Twenty One Capital as a Bitcoin treasury, Strike as the payments platform, and Elektron Energy as the mining arm. With Strike’s withdrawal, Tether has had to adjust its corporate approach, focusing on strengthening the remaining entities and exploring opportunities for further investment in mining and digital infrastructure.
During the certificate acquisition process earlier this year, Strike secured a New York BitLicense and a money transmitter license from the New York Department of Financial Services, allowing the company to continue operating as an independent payments firm and maintain momentum in the fast-changing crypto environment.
Twenty One Capital’s revised strategy emphasizes expanding capital deployment into operational businesses and launching Bitcoin-focused financial products while aiming for more reliable, consistent revenue streams.
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.
Arthur Hayes, co-founder of BitMEX, has resumed building his Ethereum position, according to recent onchain data. After selling down his holdings in June, wallet records show that Hayes began accumulating ETH again in July, signaling renewed appetite among high-profile investors.
Hayes’ return to ETH after June sell-offLookonchain, a blockchain data analytics platform, reported that on July 15, Hayes acquired 1,293 ETH after receiving 646 ETH from Galaxy Digital, a prominent crypto investment firm. Further acquisitions over the next two days brought his cumulative July purchases to over 1,900 ETH, estimated at $3.7 million in total value.
This buying spree followed Hayes’ decision to sell 6,000 ETH in June, a transaction that reportedly resulted in a loss exceeding $600,000. Market observers often watch Hayes’ wallet activity closely as a gauge of prevailing sentiment, given his high profile in the cryptocurrency sector.
Hayes’ activity reflects a broader increase in institutional and whale interest as Ethereum trades near $1,935. The renewed accumulation is seen alongside sustained flows from large investors and institutions.
On July 21, Ethereum traded at approximately $1,906, as trackers highlighted not only Hayes’ renewed exposure but the parallel movement among other large holders.
Whale wallets and staking flows intensifyRecent wallet activity points to broader accumulation of Ethereum by so-called whales. One dormant address, identified as 0x4cee, bought 10,501 ETH with 20 million USDC after a three-month pause, paying around $1,905 per coin.
At the same time, a newly created wallet, 0xf23c, withdrew 12,800 ETH from Binance and promptly staked these funds to the Ethereum network. Such activity aligns with a growing trend toward staking, which leaves a smaller liquid supply in circulation and may tighten price dynamics in the longer term.
Mini dictionary: BitMEX — BitMEX is a cryptocurrency exchange specializing in derivatives, co-founded by Arthur Hayes and based in Seychelles. The platform is known for offering leveraged trading products.
Reports indicate the staking share of Ethereum has now reached 33% of the total ETH supply, according to ethereum.org. Increased staking can remove a significant number of tokens from active trading, serving as a potential bullish signal for holders seeking long-term upside.
Added institutional momentum comes from BlackRock’s iShares Staked Ethereum Trust ETF (ETHB), which was launched on Nasdaq on March 12, 2026. BlackRock, a leading global asset manager, set up the fund to offer ETH exposure and yield from staking rewards in a regulated brokerage format.
Wallet/EntityETH AcquiredFunding SourceNotable ActionArthur Hayes1,900+Galaxy DigitalAccumulated post-June sell0x4cee10,501USDC (20M)Bought after inactivity0xf23c12,800Binance withdrawalStaked all ETHAccording to BlackRock’s latest fact sheet, ETHB is designed to track both ether’s price action and the rewards earned from staking, offering institutional investors a new channel for ETH exposure.
With these developments, Ethereum remains a focal point for both crypto-native investors and traditional finance institutions.
ETH price holds near key supportEthereum’s market price supported the flurry of onchain accumulation. Between July 20 and July 21, ETH climbed from $1,905.20 to $1,934.89, marking incremental gains at a time when large wallets were moving in. CoinGecko data reflected strong price action, with the coin dipping to the mid-$1,800s before rebounding back near $1,900, matching increased buying and staking activity.
Despite the latest recovery, ETH remains well below its peak from August 2025. The most recent price was recorded at $4,886.03, suggesting the cryptocurrency is still working through a broader recovery phase.
The ongoing demand from influential market participants and the launch of new institutional products appear to be shaping Ethereum’s current price landscape.
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.
XRP price is showing signs of a bigger move as whale selling continues to slow down. Large investors are sending fewer XRP tokens to Binance than at any time since 2025, reducing selling pressure on the market.
Meanwhile, crypto analyst Ali Martinez says if XRP breaks above the key $1.13 level, it could start a strong rally and climb toward $1.35.
XRP Price Jumps 4% as Buying Activity SurgesXRP price rose more than 4% in the last 24 hours, climbing close to $1.13 as the overall crypto market recovered. Coinglass data shows that trader activity increased sharply, with XRP futures open interest rising nearly 10% to $2.47 billion.
This shows that more traders are opening new positions and expecting bigger price moves. The rally also forced many traders who had bet against XRP to close their positions.
In total, more than $3.29 million worth of XRP positions were liquidated, including nearly $2.93 million from short sellers alone.
When short positions are liquidated, traders are forced to buy back XRP, adding more buying pressure and helping the price move even higher.
Also Read : Ripple Executive Explain Why XRPL Was Built for Speed From Day One
Whale Selling Pressure Drops to Lowest Level Since 2025Following this surge, CryptoQuant analyst Darkfost believes XRP is entering an important stage of its recovery.
According to his Binance whale inflow chart, large investors are sending far fewer XRP tokens to the exchange than before. Whale inflows have dropped sharply from a peak of 583 million XRP (about $1.36 billion) earlier in the cycle to just 25.3 million XRP (around $23 million) now.
The longer-term trend tells the same story. The 90-day average of whale inflows has fallen from roughly $460 million in early 2025 to only $69 million today.
This suggests that many of the biggest sellers have already slowed down, reducing selling pressure while XRP continues trading near the $1 support zone. Darkfost says the next step for XRP will depend on fresh buying demand returning to the market.
Also Read : What Could 500 XRP Be Worth by the End of 2026? Three Scenarios Explained
Analysts See $1.35 as the Next TargetMeanwhile, crypto analyst Ali Martinez also sees bullish signs forming. He noted that XRP’s monthly TD Sequential indicator has flashed a buy signal, while the hourly chart is forming a symmetrical triangle.
According to Martinez, a breakout above $1.13 could open the door for a rally of nearly 20%, pushing XRP toward $1.35.
Story Ends Here
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The reported progress on the CLARITY Act is perhaps the most surprising.
July has been historically a positive month for bitcoin and this edition hasn’t disappointed so far. The cryptocurrency began the month on the wrong foot, dipping below $58,000 for the first time in nearly two years, but it rebounded swiftly in the following weeks.
Earlier today, it rocketed past $66,000 for the first time in over a month, gaining over $8,000 since that July 1 low. Here are some of the possible reasons behind it.
Whale and ETF Accumulation As June was coming to an end and it became known that it would be a highly painful month for the asset with a nosedive of over 20%, we outlined several factors that had to change in July for a price resurgence. One of them was the ETF inflows. The financial vehicles went on a violent eight-week withdrawal-only streak, which was finally snapped a couple of weeks ago.
Moreover, investors continued to pour funds into the ETFs, which ended two weeks in the green in a row for the first time in months. July 20 extended the streak as the funds attracted almost $227 million.
The second major reason for the price revival is whale behavior. Data shared by CryptoQuant indicated that large market participants holding between 1,000 and 10,000 BTC increased their 60-day net accumulation to roughly 66,700 units, which is close to the recent record seen a month ago.
“This is the cohort’s strongest accumulation reading since February 17, when net accumulation briefly exceeded 106,000 BTC.”
News From the US The third reason has a more macro scent. It came a week ago when the US CPI numbers for June were announced, showing softer-than-expected inflation rates. BTC rallied immediately after the news went live as lower inflation reduced the pressure on the Fed to hike interest rates. Similar market conditions are regarded as beneficial for risk-on assets like bitcoin.
Last but perhaps most importantly at the moment comes a development on the CLARITY Act. After the odds of approval dropped toward 30% just days ago, reports emerged that the White House had agreed on an ethics package for the key legislation and sent the language to certain Senate republicans for further validation.
You may also like: Bitcoin Has Exited Capitulation Regime as Momentum Rebuilds: Analysts Bitcoin and Risk Assets Under Pressure as 30-Year Yields Push Above 5% What Does $2.3B Stablecoin Exodus From Binance and Bybit Mean for Bitcoin Although the details are still scarce, industry experts believe this is a major step in the right direction for the bill, and it increases the chances for a 2026 approval.
U.S. stock futures advanced on Tuesday, as the Dow Jones, Nasdaq 100, and S&P 500 indices rose, following Monday’s lower close.
Meanwhile, Yemen’s Iran-aligned Houthis announced a naval blockade on Saudi Arabia on Monday, threatening to open a new front in the U.S.–Iran conflict and further endangering global trade and energy supplies beyond the Persian Gulf.
Additionally, at President Donald Trump’s direction, U.S. forces carried out a new round of strikes against Iranian military targets to degrade Iran’s ability to threaten commercial shipping.
The 10-year Treasury bond yielded 4.59%, and the two-year bond was at 4.20%. The CME Group’s FedWatch tool’s projections show markets pricing an 83.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting.
IndexPerformance (+/-)Dow Jones0.38%S&P 5000.55%Nasdaq 1001.36%Russell 20000.88%Stocks In FocusCracker Barrel Old Country Store Benzinga’s Edge Stock Rankings indicate that CBRL maintains a strong price trend in the short, long, and medium terms, with a poor growth score. Steel Dynamics Benzinga’s Edge Stock Rankings indicate that STLD maintains a weak price trend in the short term but a strong trend in the long and medium terms, with a good quality score. Nebius Group Benzinga’s Edge Stock Rankings indicate that NBIS maintains a weak price trend in the short term, but a strong trend in the long and medium terms, with a poor value ranking. Archer Aviation Archer Aviation Inc. (NYSE:ACHR) rose 2.07% as the company unveiled its autonomous aircraft with Anduril for defense use called Thunder. Benzinga’s Edge Stock Rankings indicate that ACHR maintains a weak price trend in the long, short, and medium terms. IREN Benzinga’s Edge Stock Rankings indicate that IREN maintains a weak price trend in the short, long, and medium terms, with a poor value score. Cues From Last SessionHealth care, materials, and industrials led broad losses across the S&P 500 on Monday, while communication services and energy stocks bucked the overall trend to close higher.
Insights From AnalystsAccording to Bitunix analyst Dean Chen, global financial markets face heightening macroeconomic risks, ongoing supply chain stress, and persistent Federal Reserve policy uncertainty.
Chen emphasizes that escalating geopolitical conflicts in crucial shipping bottlenecks—such as the Strait of Hormuz, Bab el-Mandeb, and the Black Sea—are creating a dual energy and food supply shock. Rising oil prices risk stoking broader inflation, which complicates the Fed’s monetary path.
Addressing these crosscurrents, Chen notes that “the latest US inflation data has changed the short-term market narrative, but it has not fully resolved the debate over monetary policy direction.” Furthermore, he warns that the economic backdrop “increasingly resembles a ‘slowing growth but sticky inflation’ environment.”
Rather than anticipating a straightforward market trend, Chen observes institutional investors prioritizing liquidity to navigate multiple outcomes. In response to shifting rate expectations and global liquidity constraints, he highlights that capital is concentrating in fewer high-conviction growth themes rather than lifting all risk assets equally.
Consequently, Chen cautions that market direction will remain volatile, heavily tied to energy trends, Fed signals, and broader risk appetite.
Upcoming Economic DataHere’s what investors will be keeping an eye on.
No data is scheduled to be released on Tuesday. Commodities, Crypto, And Global Equity MarketsCrude Oil WTI futures were trading lower in the early New York session by 0.41% to hover around $82.14 per barrel.
Gold Spot US Dollar rose 1.47% to hover around $4,066.56 per ounce. The U.S. Dollar Index spot was 0.02% lower at the 100.9290 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading 3.29% higher at $66,124.53 per coin over the last 24 hours.
Asian markets closed mixed on Tuesday, as Hong Kong’s Hang Seng and India’s Nifty 50 indices fell. China’s CSI 300, Australia’s ASX 200, South Korea’s Kospi, and Japan’s Nikkei 225 indices rose. European markets were mostly higher in early trade.
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Bitcoin (CRYPTO: BTC) rallied above $66,000 to its highest level in over a month, as a technical trifecta that has historically marked every major cycle bottom flashed on the monthly chart.
What Is The Macro Bottom Signal Showing?Crypto analyst Ali Martinez identified three conditions on Bitcoin’s monthly chart that have aligned at every major cycle bottom since 2015.
The three signals:
Monthly RSI dropping to approximately 43.65 Chande Momentum Oscillator cooling to around -71 Price testing the 50-month moving average Last month, Bitcoin’s correction to $58,000 triggered all three simultaneously for the first time since December 2022.
How Has This Signal Performed Historically?The trifecta has appeared three times before, each time marking a durable accumulation zone rather than a precise price floor:
2015 — Signal printed at $235 in March. Price briefly dipped to $162 before an 8,300% expansion followed 2019 — Signal triggered at $3,333 in January, just above the $3,124 absolute low set a month prior, preceding a 1,911% rally 2022 — Signal fired at $16,270 in December near the 50-month moving average, launching a 675% rally Ali Martinez noted that on-chain metrics including MVRV and CVDD still point to a potential cycle bottom between $40,000 and $50,000, leaving open the possibility that price sweeps lower before the next leg higher.
The technical signal historically printed slightly above the absolute bottom rather than at the exact low.
What Is Driving Tuesday’s Rally?Fox Business reporter Eleanor Terrett reported Monday that President Donald Trump agreed to a crucial ethics provision for the crypto market structure bill, with the specific language shared with a group of Senate Republicans.
The ethics provision has been the primary obstacle blocking Senate passage for months.
Meanwhile, Bitcoin ETFs added $227 million in net inflows on July 20, marking the fifth consecutive day of positive flows, according to SoSoValue data. That pushed the five-day total to roughly $727.3 million.
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Key Highlights Technology-focused Nasdaq advanced 0.9% on Tuesday as semiconductor stocks staged a recovery following previous week’s significant losses Nvidia (NVDA) shares increased 2% following disclosure of investment in neocloud company Nebius Asian markets surged with South Korea’s KOSPI jumping over 3% on semiconductor momentum Trump administration reveals 50% tariff plan on Canadian imports, effective in one month Market participants anticipate critical Big Tech quarterly results beginning Wednesday with Alphabet and Tesla American equity markets posted solid gains on Tuesday as semiconductor companies recovered from their steepest weekly decline in more than twelve months. The technology-weighted Nasdaq Composite climbed 0.9%, while the S&P 500 advanced approximately 0.5%, and the Dow Jones Industrial Average increased roughly 0.4%.
E-Mini S&P 500 Sep 26 (ES=F) Tuesday’s positive momentum followed Monday’s session where major indices opened with gains but ultimately closed lower. Market analyst Dave Rosenberg from Rosenberg Research attributed the turnaround to “dip buyers and bargain hunters” entering the market following the semiconductor sector’s sharp decline in the prior week.
Nvidia shares rallied 2% after revealing an equity position in neocloud infrastructure company Nebius. This strategic investment captured market attention as traders seek indications about future AI infrastructure capital allocation trends.
Across Asian markets, South Korea’s KOSPI Composite index surged more than 3%, with chip manufacturing companies leading the advance. The broader MSCI Asia-Pacific index similarly recovered, climbing approximately 2.4%.
Paul Hickey, co-founder of Bespoke Investment Group, observed that no singular definitive catalyst drove the rally. “Earnings haven’t hurt,” he commented.
Trade Policy and International Tensions Create Market Headwinds The Trump administration announced Monday that 50% tariffs would be imposed on various Canadian products, encompassing beer, dairy, hockey equipment, and chemical products. These duties will become effective within 30 days following allegations of unfair trade practices by Canada.
Canadian petroleum exports received an exemption from these new levies. Oil prices declined slightly on Tuesday after approaching $90 per barrel for Brent crude, propelled by escalating US-Iran geopolitical tensions.
This administration policy threatens to trigger additional retaliatory trade actions between the neighboring nations.
Major Technology Company Results in Focus Several corporations released quarterly results Tuesday, including General Motors, Halliburton, and 3M. However, investor focus increasingly centers on prominent technology companies reporting later this week.
Alphabet and Tesla will announce results on Wednesday, launching what analysts anticipate will be an intensely scrutinized period of Magnificent Seven earnings releases. Market participants are particularly focused on assessing these companies’ capital expenditure levels for AI infrastructure development.
These quarterly reports will either support a broader market recovery or validate concerns that last week’s decline may continue.
By Tuesday morning trading, the Nasdaq reached approximately 25,747, the S&P 500 traded near 7,483, and the Dow stood at about 52,151.
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 Jefferies shifted its stance on Datadog (DDOG) from Buy to Hold on July 21, 2026, expressing concerns over valuation following a remarkable 94% year-to-date surge While analyst Brent Thill increased his price target from $210 to $280, he noted the investment opportunity has “largely played out” The company commands approximately 18x EV/CY27 revenue, representing a significant 4-turn premium compared to competitor Snowflake (SNOW) In its Q2 earnings preview, Jefferies highlighted Amazon, Microsoft, and Atlassian as top picks while expressing skepticism about Palantir Corporate insiders have divested $378.2 million in shares during the past three months without any recorded purchases Shares of Datadog experienced a roughly 2% decline in premarket hours on July 21 following Jefferies analyst Brent Thill’s decision to downgrade the stock from Buy to Hold.
Datadog, Inc., DDOG
With DDOG surging 94% since the beginning of the year, Thill’s analysis suggests the low-hanging fruit has already been harvested. Before the announcement, shares were changing hands at prices substantially exceeding Jefferies’ previous target.
Importantly, this rating change doesn’t reflect pessimism about Datadog’s underlying operations. Thill actually elevated his price objective from $210 to $280. His concern centers on valuation having outpaced the fundamental narrative.
Trading at approximately 18x EV/CY27 revenue, DDOG maintains a substantial 4-turn premium versus Snowflake. According to Thill, this pricing structure provides “little cushion for any execution slippage.”
The company’s momentum has been impressive. Revenue expansion reaccelerated from 25% in Q1 2025 to 32% in Q1 2026, providing substantial momentum behind the stock’s appreciation. Jefferies’ investment premise regarding DDOG as an artificial intelligence winner and market leader has materialized, at least through the first half of 2026.
Stretched Multiples Draw Scrutiny The price-to-earnings ratio currently registers at 674.87x. This extraordinary figure isn’t an error—it demonstrates how aggressively the market is pricing anticipated future expansion.
DDOG earns a GF Score of 83 out of 100, achieving a flawless 10/10 rating for growth metrics. However, its profitability assessment stands at merely 4/10, a shortcoming that becomes more significant when valuations reach these elevated levels.
Jefferies indicated it would consider adopting a more positive stance if presented with a more attractive entry opportunity. This suggests the firm maintains confidence in the company’s long-term prospects, just not at present pricing.
Executive Stock Sales Merit Attention Corporate insiders have liquidated $378.2 million in company shares over the last three months. Zero insider purchases have been documented during this timeframe.
While such asymmetric selling activity doesn’t necessarily foreshadow problems, it warrants consideration in conjunction with the downgrade.
Jefferies’ comprehensive Q2 preview characterized the market as transitioning from universally defensive positioning toward a more fundamentals-oriented environment.
The investment bank reported that its exclusive partner surveys revealed robust cloud infrastructure demand and persistent capacity constraints, justifying optimistic estimate revisions across hyperscaler and infrastructure investments.
However, Jefferies warned that market expectations have risen substantially and investment opportunities are “more nuanced where positioning and multiples are stretched.” This characterization applies particularly well to DDOG’s current situation.
Jefferies identified Amazon, Microsoft, and Atlassian as its favored investments approaching earnings season. The firm also adopted a bearish position on Palantir, pointing to increasingly difficult comparisons and intensifying competitive pressures.
Thill’s updated $280 price objective implies approximately 14% upside from where DDOG traded prior to the downgrade announcement.
Key HighlightsChip Sector Stages RecoveryNvidia Expands Nebius InvestmentCrude Prices Maintain Elevated LevelsGM Exceeds Expectations and Upgrades OutlookAlphabet Earnings in SpotlightGet 3 Free Stock Ebooks Chip manufacturers like Nvidia, AMD, and Micron staged a recovery following previous week’s decline Nvidia expanded its investment in Nebius Group, an AI infrastructure firm, boosting the stock Brent crude remained above the $90 mark, maintaining pressure on inflation expectations GM delivered results exceeding analyst projections and upgraded its annual profit guidance Alphabet’s imminent quarterly report represents a crucial test for AI sector confidence Chip Sector Stages Recovery Technology stocks regained ground on Monday as market participants renewed their focus on artificial intelligence investments before a packed earnings calendar.
Shares of Nvidia, AMD, and Micron climbed as purchasing activity resumed following the prior week’s downturn.
A significant number of market participants interpreted the recent decline as a temporary correction rather than evidence of weakening demand for artificial intelligence processors. Major cloud computing companies and technology leaders maintain substantial capital allocation toward AI infrastructure development.
Market observers note that sustained recovery will require robust financial results and forward-looking statements from companies.
Nvidia Expands Nebius Investment Nvidia revealed an increase in its equity position in Nebius Group, a provider of cloud infrastructure tailored for artificial intelligence applications.
Nebius specializes in developing cloud platforms optimized for AI computational requirements. Market participants interpreted this action as evidence of Nvidia’s conviction regarding sustained growth in AI infrastructure demand.
This strategic investment aligns with Nvidia’s broader approach of supporting enterprises that construct the foundational systems enabling advanced AI solutions.
Nebius experienced significant share price appreciation following the announcement.
Higher oil prices elevate expenses across transportation, production, and general business operations, compressing corporate profit margins while straining household budgets.
While recent inflation statistics from the United States indicated some progress, a prolonged elevation in petroleum prices could challenge the Federal Reserve’s strategic planning regarding monetary policy adjustments.
Energy market dynamics represent a significant concern for investors monitoring potential economic headwinds.
GM Exceeds Expectations and Upgrades Outlook General Motors unveiled quarterly financial results surpassing Wall Street estimates and elevated its full-year earnings projection.
The automaker achieved improved pricing power and enhanced operational performance despite moderating vehicle demand across North American markets.
Leadership’s optimistic outlook for remaining quarters provided reassurance to shareholders. While General Motors advances its electric vehicle and technology initiatives, market attention remains concentrated on current-period profitability metrics.
The positive results provided support for broader automotive industry sentiment.
Alphabet Earnings in Spotlight Alphabet is scheduled to release quarterly results this week in what represents one of the season’s most anticipated corporate announcements.
Market participants seek clarity on whether the company’s substantial artificial intelligence investments are translating into accelerated revenue expansion, improved profitability, and advertising growth.
Google Cloud performance, Gemini AI progress, and corporate AI adoption rates will face intense scrutiny from analysts and investors.
Given Alphabet’s prominent position within the artificial intelligence ecosystem, its financial disclosure could influence broader technology sector sentiment, impacting companies including Nvidia, Microsoft, and Amazon.
Considering elevated valuations across numerous AI-focused equities, management’s forward guidance may carry equal or greater weight than current-quarter performance metrics.
Bitcoin is holding near $66,000 and technical signals suggest the broader market may be entering a new phase. A break above current resistance opens the path toward $72,000 to $73,000 in the near term, with $80,000 a possibility if the 200-day moving average gives way.
The Altcoin SetupAfter months of sideways accumulation, altcoins are beginning to break daily downtrends. The pattern forming across the altcoin market total cap chart is a bullish reversal flag rather than a continuation of the bear move, suggesting the next leg could add over $100 billion to altcoin market capitalization from current levels.
Ethereum is leading the rotation out of Bitcoin dominance, a historically positive sign for the broader altcoin market. Important levels across major altcoins:
ETH: Entry zone $1,700 to $1,800, targets at $2,200 then $2,400SOL: Entry zone $76 to $78, targets $88 then $98XRP: Breaking out, target push toward $1.40AVAX: Currently in the entry zone, targets $7.50 then $8.30Chainlink: Longer-term spot entry at $10 to $11, could take several weeksSUI: Breaking out, target $1.00, representing approximately 31% upsideDogecoin: Daily close confirmation still pending, target area around 10 cents higher over coming weeksCardano: Early stages, watching for a larger trend break that could target 40 centsBroader Market StructureShort-side liquidations at the $66,000 level have largely been wiped out, with a smaller cluster forming around $62,000. Analysts watching liquidation maps say the absence of a large concentration of short positions above current prices is a constructive sign, as it removes a potential ceiling on the rally.
Story Ends Here
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Bitcoin climbed back above the $66,000 mark after the White House reportedly reached an agreement on an ethics package tied to the CLARITY Act.
Up until now, Democrats demanded stronger guardrails on Trump’s crypto business ties as a non-negotiable condition for their votes. The bill needs 60 Senate votes to advance, making bipartisan support mathematically necessary.
The rally also pushed crypto sentiment into the Neutral zone (40) for the first time in nearly a month after an extended period of Fear and Extreme Fear.
Notable Statistics Coinglass data shows 73,177 traders were liquidated in the past 24 hours for $225.70 million. SoSoValue data shows net inflows of $226.9 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $38.09 million. In the past 24 hours, top losers include DeXe, Pi and Pyth Network. Latest DevelopmentsTrader NotesCrypto Poseidon highlighted that Bitcoin bottomed near $60,000 despite calls for $45,000, but renewed euphoria at the range high could signal another reversal. He expects BTC to peak around $70,000 before gradually falling back toward $60,000 by September.
CryptosBatman sees Bitcoin testing the daily 50-day EMA, a level that has capped every major rally this year. A decisive breakout could signal a broader trend reversal, while another rejection would reinforce the prevailing bearish structure.
MN Fund founder Michael van de Poppe noted Bitcoin has climbed to its highest level in more than a month, signaling improving market momentum, but the rally has yet to accelerate.
The analyst says a decisive break above last month’s $67,000 high could open the path toward $73,000.
Image: Shutterstock
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Eight years building in the ecosystem. Two years live. Zero funds lost.
That record sits behind everything we're announcing today: a comprehensive rebrand that positions Fluid as the Finance’s Liquidity Layer, alongside a product pipeline spanning institutional curation, Liquidity-as-a-Service, fixed-rate borrowing, a new DEX on Solana and more on Fluid DEX v2.
The new identity reflects the protocol itself, capital that moves efficiently across markets, applications and chains. It is designed to scale with everything we build next.
Why nowOver the past two years, we've built the most capital-efficient lending and trading infrastructure in decentralized finance: a single system where lending, borrowing, trading and more financial products operate on top of Fluid’s Liquidity Layer. What began as a protocol has become a platform that a global network of apps, vaults, and funds now builds on.
That efficiency is concrete. Fluid offers borrowers up to 95% LTV with the lowest liquidation penalties in DeFi — as low as 0.1% — and partial liquidations that unwind only what's needed to keep a position healthy, rather than closing it out wholesale. Innovations like Smart Collateral and Smart Debt. This structure draws deep, sticky demand, which lets us return competitive yields to lenders. And the resulting depth has made Fluid the leading venue for stablecoin and asset issuers as several major stablecoins now trade more volume on Fluid than anywhere else.
Finance's Liquidity Layer reflects that expanding mandate: serving not only retail DeFi participants, but institutional asset managers, stablecoin issuers, RWA platforms, and the next generation of onchain financial products.
From protocol to platformFluid powers the #2 DEX on Ethereum and provides the lending and liquidity infrastructure behind applications across multiple ecosystems.
The new identity is organized around a single principle: money and liquidity should move like fluid; finding the best path, flowing where the opportunity is, never sitting still when it could be working.
The infrastructure behind that principle is built for scale: thats why today, it powers lending infrastructure for partners including Jupiter Lend on Solana and Venus Flux on BNB Chain.
Apps, vaults, funds; All powered by Fluid's Liquidity Layer.
Institutional expansion: opening the infrastructureThe rebrand coincides with the opening of Fluid Curation Markets to qualifying institutional asset managers, Liquidity-as-a-Service (LaaS) and more.
Bitwise Asset Management is the first institutional firm to curate on Fluid — setting risk parameters and lending conditions across the ecosystem. In two months, their markets have drawn half a billion dollars in total supply. That's the clearest signal yet of what happens when institutional risk management meets a liquidity layer built for scale. Bitwise is one of several institutional collaborations in active development, with more expected in the near term.
The architecture is purpose-built for it: a unified liquidity layer, advanced risk-adjusted pricing, deep integration between lending and DEX infrastructure, and composable credit primitives. Custodied collateral support is also in development — letting institutions keep assets in off-chain custody while borrowing on-chain, bridging traditional finance's custody requirements with DeFi's capital efficiency.
What's coming to FluidSolana DEX v1 — In final audit, expected to launch this month. Fluid's DEX expands natively to Solana.
Liquidity-as-a-Service (LaaS) — The most efficient way to bootstrap liquidity onchain. Deep, stable-asset liquidity provisioning for partners, with no inventory management or LP requirements on their side. LaaS makes institutional-grade liquidity accessible at a fraction of the traditional cost.
Fixed-Rate Borrowing — Select any loan duration and lock in a fixed rate upfront, eliminating variable-rate exposure entirely. Genuine predictability in onchain borrowing for the first time, enabling serious capital planning for individuals and institutions alike.
DEX v2 — Development complete.
Learn more on what's coming soon here.
Custodied Collateral — Offchain custody, onchain borrowing. A direct bridge between traditional finance custody requirements and DeFi's capital-efficiency advantages.
Fluid Curation Markets — Opening the infrastructure to qualifying institutional asset managers. Curators set risk parameters and lending conditions across the Fluid ecosystem, turning the liquidity layer into programmable, professionally managed credit markets.
Eg. Bitwise is the first institutional firm to curate on Fluid through Jupiter Lend— with more collaborations in active development.
The Foundation Behind the RebrandThe rebrand is grounded in an important track record: zero user funds lost, across eight years of infrastructure building and 2 years live.
Security remains the protocol's highest priority. Maintained through dozens of completed audits, continuous security reviews, and ongoing formal verification with Certora on both EVM and Solana.
In parallel, Fluid is rolling out a significant oracle overhaul: per-key pricing configurations, token-type-driven source validation, multi-leg price feeds, deviation checks that halt operations when prices drift beyond set thresholds, and per-token pause controls. These materially improve resilience under exactly the extreme-market failure modes seen across DeFi during volatile periods.
Fluid by the numbers$240B+ cumulative DEX volume
#2 DEX by volume on Ethereum
Fastest DEX ever to reach $100B in cumulative trading volume
Loan-to-value ratios up to 95%
Liquidation penalties as low as 0.1% - Only liquidate what’s necessary to stay healthy
Zero user funds lost since inception
8 years of infrastructure. 2 years live.
Active across Ethereum, Solana, BNB Chain, and major EVM networks
Powering Jupiter Lend (Jupiter Exchange on Solana), Venus Flux (Venus protocol on BNB Chain). Built with Fluid Infrastructure.
... and more to come.
The rebrand, updated product interfaces, partner surfaces, and visual identity, is live.
Ion Stoica, the cofounder of Databricks, has a new startup called SkyPilot. The pitch is disarmingly simple: companies need computers, different providers sell those computers, switching between them is painful and expensive, so SkyPilot makes it easy to use any of them.
In Stoica’s own words, the result is “more compute, better compute, cheaper compute.”
What SkyPilot actually does SkyPilot originated from UC Berkeley’s Sky Computing Lab, where Stoica and cofounder Zongheng Yang developed the framework as an open-source project. The core research paper was presented at the NSDI 2023 conference, and the underlying concept is what the team calls “sky computing.”
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SkyPilot lets companies run AI workloads across AWS, Google Cloud, Azure, and specialized providers as if they were a single, unified resource pool. Instead of signing a long-term contract with one cloud provider, companies can dynamically shift workloads to wherever compute is cheapest or most available at any given moment.
The framework includes automatic failover mechanisms and optimization for spot instances, those discounted compute resources that cloud providers sell when they have excess capacity. SkyPilot handles the job migration automatically, so a workload interrupted on one cloud can resume on another without human intervention.
By mid-2026, the project had announced a managed control plane integration with Nebius AI Cloud and expanded partnerships with providers like Runpod and AMD hardware, signaling a growing ecosystem around the technology.
What this means for investors SkyPilot is transitioning from a UC Berkeley research project into a commercial entity, following a playbook that Stoica has executed before. Stoica cofounded Databricks, which grew into one of the most valuable private companies in enterprise software. He also cofounded Anyscale, the company behind the Ray distributed computing framework.
SkyPilot faces competition from cloud providers themselves, all of whom have strong incentives to keep customers locked into their ecosystems. AWS, Google, and Microsoft aren’t going to make interoperability easy out of goodwill.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bonk [BONK] has led the memecoin market over the past day, posting a double-digit gain of more than 11%.
Currently, Bonk stands as the only memecoin to log this kind of surge as broader market sentiment recovers and Bitcoin edges closer to the $66,000 level.
Much of the move traces back to a jump in social mindshare, a metric that captures how much attention a token draws across social media platforms. Bonk’s mindshare has climbed to 8,680 at the time of writing, a 32% increase from the previous day.
The bullish past day tells only part of the story. Over the last 30 days, Bonk has fallen 31%, and on a year-to-date basis, it sits down 58% – losses that have already pushed the memecoin below the top 100 tokens by market capitalization.
Is Bonk actually in a bull market? The rally has sparked debate over whether Bonk has entered a bull market, and the answer isn’t a clear-cut yes yet.
Funding Rate data points to growing selling pressure, with the rate flipping negative. The Funding Rate measures whether long or short contracts dominate the perpetual market, based on which side pays the funding fee.
The Funding Rate has now dropped to -0.0009%, pointing to a market where most of the $7.82 million in open positions lean toward selling.
Source: CoinGlass Sentiment analysis adds a cautious outlook as it still shows that bears are in control. Negative sentiment does little to help a bullish narrative take hold, especially for a memecoin with no underlying product to sustain a rally.
Sentiment has dropped into negative territory at -2.42, and a further slide could erode the bullish momentum that has built over recent hours and drag the asset lower.
Spot market holds its ground Even with sentiment tilting toward the bears and the perpetual Funding Rate turning negative, the spot market tells a more bullish story.
As of press time, buying strength has picked up, with more investors pulling BONK off exchanges into private wallets to hold than moving it onto exchanges to sell.
Source: CoinGlass The total Bonk accumulated through this route amounts to roughly $4.24 million, and netflow—the difference between coins entering and leaving exchanges—has dropped to about negative $880,000.
That marks a notable turnaround, since selling dominated the prior three days. Sustained buying would give the memecoin a better chance of defending its price, and with the Funding Rate shift still shallow rather than decisively bearish, BONK retains room to extend its run.
Final Summary Bonk’s Funding Rate has cooled to 0.0009% across $7.82 million in open positions, signaling that sell pressure is building. Spot accumulation tells the opposite story, with roughly $4.24 million in Bonk pulled off exchanges – a turnaround from three days of selling.
RedStone is building an independently verified transparency dashboard for Radiant Prime, giving investors direct visibility into portfolio performance, NAV, exposures, and capital deployment using data collected directly from the strategy’s underlying exchange accounts.
TL;DR Radiant Prime has selected RedStone to independently verify and publish key portfolio metrics. Data is collected directly from Radiant Prime’s exchange accounts through secure API infrastructure. Investors will receive independently verified reporting on NAV, PnL, APR, portfolio exposure, and capital deployment. Sensitive trading models and proprietary strategy logic remain private. The integration establishes the foundation for future onchain applications and broader DeFi connectivity. Bringing Independent Verification to Quantitative Crypto Performance is easy to publish. Proving where it comes from is much harder.
That challenge has become increasingly important as institutional investors evaluate systematic crypto strategies. Strong returns matter, but so does understanding how those returns are generated, how capital is deployed, and whether the reported numbers can be independently verified.
Radiant Prime is addressing that challenge through a new partnership with RedStone.
Radiant Prime is a fully hedged, market-neutral quantitative strategy designed to capture relative-value opportunities across cryptocurrency markets. Capital is allocated using systematic forecasts of expected return and portfolio risk, while portfolio-level hedging targets near-zero net market exposure.
The strategy executes through secure API connectivity across centralized exchanges, with client assets held in segregated accounts.
For strategies operating in this environment, transparency has traditionally been difficult to achieve.
Unlike onchain protocols, portfolio balances, positions, and performance cannot be verified directly through blockchain data. Investors have generally relied on manager-reported dashboards or periodic audits. Both provide useful information, but neither offers continuously sourced, independently verified visibility into the strategy.
That’s the gap RedStone is solving.
“Transparency is core to how we operate. RedStone gives our investors an independent, directly sourced view of performance and exposure, refreshed weekly from the exchanges themselves, without exposing the models behind the strategy.” Sissi Wan, Chief Risk Officer, Radiant Prime
How the Verification Works Radiant Prime currently executes across Binance and LBank.
RedStone has built dedicated infrastructure that securely connects to these exchange accounts through API integrations. Portfolio data is collected directly from the underlying source systems, independently processed, and published without exposing proprietary trading models or execution logic.
This allows investors to verify portfolio information while preserving the intellectual property behind the strategy.
The investor dashboard will report independently verified metrics on a weekly basis including:
Current and historical NAV Historical PnL Current and historical APR Gross and net exposure by exchange Long and short exposure Data freshness and source coverage Why This Matters Transparency has become a defining requirement for institutional capital.
Allocators increasingly expect more than reported performance. They want confidence that portfolio data is accurate, independently sourced, and representative of how capital is actually being managed.
That expectation is especially relevant for quantitative strategies operating on centralized exchanges, where assets remain offchain and proprietary trading systems cannot simply be published without compromising their competitive advantage.
RedStone’s infrastructure makes independent verification possible without requiring Radiant Prime to reveal the models that generate its alpha.
Rather than asking investors to trust reported numbers, the dashboard provides independently verified reporting sourced directly from the exchanges where the strategy operates.
“Quantitative trading strategies on centralized exchanges, like Radiant Prime, represent a new frontier for independent verification. RedStone is building the infrastructure to make that possible.” Marcin Kazmierczak, Co-Founder and COO, RedStone
Extending RedStone’s Verification Infrastructure RedStone’s Proof of Reserve infrastructure already supports independently verified assets across the digital asset ecosystem, including Lombard’s LBTC, Ethena’s USDtb, and tokenized funds through Securitize.
The Radiant Prime integration extends those same verification principles to a live quantitative trading strategy operating on centralized exchanges.
While the underlying assets differ, the objective remains the same: provide investors with independently sourced data they can rely on.
A New Standard for Strategy Transparency Institutional investors have long expected independent verification in traditional finance. As digital asset markets mature, that expectation is becoming equally important for systematic crypto strategies.
Radiant Prime and RedStone are bringing that standard to quantitative investing.
By combining independently sourced portfolio reporting with secure verification infrastructure, the partnership gives investors greater confidence in how strategy performance, portfolio exposure, and capital deployment are measured, without compromising the proprietary systems that generate the strategy’s edge.
Independent verification does more than strengthen transparency. It provides a stronger foundation for institutional participation in the next generation of quantitative digital asset strategies.
Building the Foundation for What’s Next The transparency dashboard is the first stage of a broader roadmap. As Radiant Prime expands its ecosystem, independently verified portfolio data can support future onchain integrations, including verified NAV feeds and additional DeFi applications.
Each stage builds upon the integrity of the data collected today. Independent verification strengthens investor confidence today while establishing the infrastructure needed for future financial products built around verified portfolio information.
Frequently Asked Questions What is Radiant Prime? Radiant Prime is a fully hedged, market-neutral quantitative strategy that captures relative-value opportunities across cryptocurrency markets. The strategy maintains near-zero net market exposure and executes through secure API connectivity across centralized exchanges while client assets remain in segregated accounts.
How is this different from a self-reported dashboard? A self-reported dashboard displays metrics calculated and published by the strategy manager. RedStone independently collects portfolio data directly from the underlying exchange accounts and publishes verified metrics using its own infrastructure.
What happens if an exchange API becomes unavailable? The dashboard includes data freshness indicators and source coverage status, allowing investors to see when information was last successfully retrieved.
How often is the dashboard updated? Portfolio metrics are updated weekly using data collected directly from Radiant Prime’s exchange accounts on Binance and LBank.
Does this expose Radiant Prime’s proprietary strategy? No. The dashboard verifies portfolio metrics without revealing trading models, execution logic, or proprietary research.
Jito, a key developer in the Solana blockchain ecosystem, has officially launched JTX—a self-custodial trading platform designed to bring professional-grade DeFi capabilities to Solana users. The rollout introduces advanced trading tools and asset control, positioning JTX as a new layer of market infrastructure for the expanding Solana network.
Professional tools for decentralized tradingJTX enables users to trade a diverse set of Solana-based assets while maintaining direct custody over their tokens. This exchange platform offers institutional-level order management, including limit orders, automated execution, and conditional trading features. Through JTX, market participants can access onchain settlement without the need for centralized custodial gatekeepers.
The platform supports spot trading for a broad range of assets, including SOL, cbBTC, popular meme coins, tokenized equities, and a growing list of real-world products represented on Solana. Jito stated that future upgrades are expected to include perpetual futures, support for prediction market protocols, and mobile trading services.
JTX leverages Solana’s high-throughput blockchain infrastructure to deliver trading executions that rival centralized exchanges in speed and efficiency. With the introduction of tools often found on traditional markets, the platform seeks to address demand for more advanced DeFi trading experiences.
Mini dictionary: Jito is a Solana-focused protocol that provides infrastructure, such as a block engine and liquid staking services, and participates in network governance via its JTO token and DAO.
Expanding Solana’s DeFi marketplaceSolana has seen increasing decentralized exchange activity during the first half of 2026, capturing a significant global share of spot DEX trading and transaction volume. The debut of JTX comes as more traders seek decentralized solutions that blend sophisticated trading functions with asset self-custody.
Built on Jito’s existing technical foundation, JTX incorporates several proprietary elements, including the JitoSOL liquid staking product, BAM trade execution infrastructure, governance via the JTO token, and the underlying Block Engine designed to optimize data transmission across the Solana network.
JTX has also introduced a fee distribution framework aimed at reinforcing Jito DAO’s economic activity. According to platform details, 80% of trading fees collected on JTX are allocated for JTO token buybacks and burning operations managed by the DAO. The remaining 20% is used to reward referral partners, based on the trading volumes they generate.
Fee RecipientFee ShareJito DAO (JTO buyback/burn)80%Referral Partners20%Strengthening Solana’s onchain finance leadershipTokenized real-world assets on Solana have grown steadily in value, with billions now represented onchain by early July 2026. Activity in tokenized equities has substantially increased, highlighting the network’s evolution as a venue for diverse financial instruments.
JTX aims to allow Solana users to access advanced trading features while keeping full control of their assets under a self-custodial model. The integration combines robust order execution with onchain ownership, appealing to users seeking decentralized alternatives to centralized financial platforms.
JTX combines institutional-level order management, automated execution, and direct onchain settlement, allowing users to maintain full asset control while accessing a wide range of tradeable Solana-based and tokenized assets.
By incorporating advanced features and leveraging Jito’s technology stack, the JTX launch adds depth to Solana’s DeFi infrastructure and strengthens its status as a leader in decentralized trading and tokenized asset markets.
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.
MEXC adds Bittensor TAO staking for its global user baseThe integration with validator Yuma gives millions of MEXC users access to Bittensor, an AI-focused blockchain whose ecosystem now spans 128 specialized subnets.
Cryptocurrency exchange MEXC has launched staking support for Bittensor’s native TAO token, allowing users to earn rewards by helping secure one of the largest decentralized artificial intelligence networks.
Bittensor validator Yuma announced Tuesday that MEXC has integrated its validator infrastructure to support TAO staking for the exchange’s reported 40 million users. Yuma participates in Bittensor’s consensus mechanism by evaluating the performance of network subnets — specialized AI applications that perform specific machine learning tasks — and assigning weights that help determine how staking rewards are distributed.
The companies said the integration is intended to expand access to the Bittensor ecosystem and increase participation in the network.
Bittensor is a decentralized network that coordinates the development of AI models and services through subnets, which compete for token rewards based on their performance and usefulness to the network. TAO holders can stake tokens to validators, who allocate stake across subnets and earn rewards based on those allocations.
The Bittensor ecosystem currently consists of 128 subnets that specialize in tasks such as AI inference, model training, coding assistants and financial modeling. The ecosystem has expanded as interest in decentralized AI grows, with advocates arguing that open networks such as Bittensor are less susceptible to government or corporate restrictions than proprietary AI models. That argument gained renewed attention after the US Commerce Department restricted public access to certain Anthropic models due to national security and export control concerns.
TAO was trading at around $199 at the time of writing, giving it a market capitalization of roughly $1.916 billion, according to CoinMarketCap.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
MEXC adds Bittensor TAO staking for its global user baseThe integration with validator Yuma gives millions of MEXC users access to Bittensor, an AI-focused blockchain whose ecosystem now spans 128 specialized subnets.
Cryptocurrency exchange MEXC has launched staking support for Bittensor’s native TAO token, allowing users to earn rewards by helping secure one of the largest decentralized artificial intelligence networks.
Bittensor validator Yuma announced Tuesday that MEXC has integrated its validator infrastructure to support TAO staking for the exchange’s reported 40 million users. Yuma participates in Bittensor’s consensus mechanism by evaluating the performance of network subnets — specialized AI applications that perform specific machine learning tasks — and assigning weights that help determine how staking rewards are distributed.
The companies said the integration is intended to expand access to the Bittensor ecosystem and increase participation in the network.
Bittensor is a decentralized network that coordinates the development of AI models and services through subnets, which compete for token rewards based on their performance and usefulness to the network. TAO holders can stake tokens to validators, who allocate stake across subnets and earn rewards based on those allocations.
The Bittensor ecosystem currently consists of 128 subnets that specialize in tasks such as AI inference, model training, coding assistants and financial modeling. The ecosystem has expanded as interest in decentralized AI grows, with advocates arguing that open networks such as Bittensor are less susceptible to government or corporate restrictions than proprietary AI models. That argument gained renewed attention after the US Commerce Department restricted public access to certain Anthropic models due to national security and export control concerns.
TAO was trading at around $199 at the time of writing, giving it a market capitalization of roughly $1.916 billion, according to CoinMarketCap.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
TLDR: ONDO price advanced more than 17% as Ondo connected CRCLon and SPYon with tokenized entitlements created through DTCC infrastructure. The DTCC model ties tokenized products to securities held at DTC, giving institutions familiar custody, ownership, and settlement controls. Robinhood Chain and Ondo Perps broaden distribution, while the derivatives platform reports over $1 billion in seven-day trading volume. ONDO must hold the $0.37 to $0.38 breakout zone and close above $0.40 before traders can focus on the $0.43 to $0.45 resistance area. ONDO price jumped more than 17% as investors reacted to Ondo Finance’s latest link with DTCC infrastructure. The token moved toward $0.39 after trading near $0.34 one day earlier. The rally also extended its weekly advance as demand returned to real-world asset projects.
Ondo said CRCLon and SPYon now connect with DTC Tokenized Entitlements created through DTCC’s Tokenization Service. Those instruments represent Circle shares and the SPDR S&P 500 ETF. DTCC said tokenized assets retain the same rights and protections as traditional securities. The structure gives Ondo products a clearer bridge into established clearing and settlement systems.
ONDO Price Gains Support From DTCC Tokenized Securities The DTCC development gives Ondo Finance more than another blockchain partnership. It links tokenized stocks with securities held inside DTC’s existing custody framework. The digital entitlements keep matching CUSIP identifiers and market symbols.
That design may appeal to institutions needing familiar ownership records, settlement processes, and operational controls. DTCC plans a broader Tokenization Service launch in October 2026 after limited production activity in July. More than 50 firms joined its industry working group before the initial rollout.
$ONDO jumped ~18% on its tokenized-stock launch, and unlike most catalyst pops, the on-chain side is following.
📈 $ONDO rose from ~$0.31 to ~$0.37 over Jul 14 to 16, roughly +18%, after launching DTCC-backed tokenized stock representations and a partnership with Japan’s SBI… pic.twitter.com/ryz2ljzZXw
— Santiment Intelligence (@SantimentData) July 17, 2026
Ondo’s participation also places its products beside infrastructure used by major banks, asset managers, and exchanges. Still, the connection does not guarantee immediate institutional demand for the ONDO token. Investors must separate product adoption from direct token value capture.
Robinhood’s July launch adds another distribution channel for Ondo Finance. Robinhood Chain now supports stock tokens and DeFi products through an Arbitrum-based network. Ondo’s tokenized assets can gain wider visibility as more users explore onchain equities.
The project also completed a cross-border Treasury redemption pilot with Kinexys, Mastercard, and Ripple in May. Ondo processed the tokenized asset redemption, while bank infrastructure handled the fiat settlement. The transaction showed how public blockchains could connect with established payment rails.
Ondo Perps provides another sign of rising activity around tokenized markets. The platform reported more than $1 billion in seven-day volume. It also crossed $3 billion in cumulative trading volume, showing stronger demand for RWA-based derivatives.
Technical Levels Decide Whether the ONDO Rally Extends The daily chart shows the ONDO price moving above its 20-day, 50-day, and 100-day exponential moving averages. Those averages sit near the $0.339 to $0.345 region. The token also crossed the 200-day EMA around $0.376.
That breakout shifts the short-term structure toward buyers. Stronger volume also supports the move and reduces concerns about a thin-liquidity spike. However, the ONDO price now faces resistance between $0.39 and $0.40.
ONDO/USD 4-hour chart. Source: TradingView A daily close above $0.40 could expose the May highs near $0.43 to $0.45. The next larger resistance levels sit around $0.48 and $0.70. Reclaiming those zones would require sustained demand and broader strength across altcoins.
Short-term momentum already looks stretched. The four-hour RSI has reached about 75, placing the market in overbought territory. That reading does not cancel the breakout, but it raises consolidation risk.
The $0.37 to $0.38 area now forms the first support zone. Holding that region would preserve the breakout structure. A loss of $0.37 could send ONDO price toward the moving-average cluster near $0.34.
Two tokens are capturing attention across crypto markets this week. @cashcat_token, the community memecoin on @RobinhoodApp's new layer-2 network, has staged a meaningful recovery after a bruising mid-month selloff, while @OndoFinance's native $ONDO token is surging on a landmark real-world asset (RWA) announcement. Both moves come as broader crypto sentiment tilts cautiously positive.
$CASHCAT recovers from July 15 selloff $CASHCAT has clawed back ground after a steep correction on July 15 cut its market cap from roughly $160 million to around $47 million. Per DexScreener and CoinGecko, the token is up over 15% in the past 24 hours at the time of writing. CASHCAT is a community memecoin on Robinhood Chain with a fixed supply of one billion tokens. The name comes from real history: before Robinhood was Robinhood, Vlad Tenev and Baiju Bhatt called their company CashCat. It has no affiliation with Robinhood Markets, and its own site says so.
Robinhood Chain, the blockchain network built by the popular trading app to power tokenized stocks, has become one of the busiest new chains in crypto. But despite being built around tokenized stocks and other real-world assets, speculative memecoin trading has so far become the network's defining use case. The latest recovery suggests sentiment around the Robinhood Chain ecosystem remains alive, though the token carries considerable risk. Every dollar of realized profit in a memecoin is a dollar someone else paid at a higher price, because the token produces no revenue and holds no assets. There is no external cash flow funding those returns.
$ONDO climbs on DTCC tokenized stocks launch $ONDO's move is driven by fundamentals rather than memecoin momentum. Ondo Finance made waves on July 15, 2026, by announcing the launch of the first tokenized stock representations backed by DTC tokenized entitlements through the DTCC Tokenization Service, marking a significant step in bridging traditional financial infrastructure with blockchain technology. The news triggered an immediate market response, with ONDO surging approximately 15% in the following 24 hours amid heightened investor enthusiasm for real-world asset tokenization projects.
ONDO is the native token of the decentralized finance platform Ondo Finance. The token is up over 17% in the past 24 hours and roughly 31% over the past seven days, according to CoinGecko. The announcement lifted ONDO from around the $0.32 level toward $0.37, accompanied by elevated trading volumes exceeding $250 million in 24 hours, with market capitalization climbing toward $1.8 billion. ONDO also received a further boost as Ondo Finance partnered with SBI Group to tokenize Japanese assets. Through the initiative, Ondo joins DTCC's largest tokenization effort to date alongside firms including BlackRock, J.P. Morgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange. Looking ahead, Ondo plans to expand this model as DTCC rolls out the service more broadly later in 2026.
The two tokens offer a study in contrasts: one riding pure narrative and community momentum, the other gaining on institutional integration. Both are trending in the same direction for now, though with very different risk profiles for traders.
Sources:
crypto.news: What is CASHCAT? Robinhood Chain's memecoin
Crypto Times: Ondo Price Rallies 16% After Landmark Integration with DTCC
Bitcoin.com News: ONDO Jumps 15% After Ondo Finance and SBI Group Build Japan Tokenization Push
ONDO, the native token of Ondo Finance, climbed over 17% after the company connected its real-world asset products with the Depository Trust & Clearing Corporation (DTCC), a leading US securities settlement and post-trade infrastructure provider. The token jumped from around $0.34 to nearly $0.39, marking a notable increase and extending gains for the week as investor interest returned to projects bridging traditional finance and blockchain technology.
DTCC integration supports tokenized stock rolloutOndo Finance reported that its CRCLon and SPYon products now link with tokenized entitlements issued via DTCC’s Tokenization Service. These tokenized instruments represent Circle shares and the SPDR S&P 500 ETF, offering investors a bridge between digital assets and established financial markets. According to DTCC, tokenized assets issued within its framework retain the same rights and protections as conventional securities, providing institutions with the familiar standards for custody, ownership, and settlement.
The integration ensures that tokenized stocks supported by Ondo carry CUSIP identifiers and established market symbols, making them easier for institutions to adopt within their existing workflows. DTCC plans a wider rollout of this Tokenization Service in October 2026, following a limited launch involving more than 50 institutional participants.
Santiment Intelligence pointed out the momentum:
ONDO jumped approximately 18% with its tokenized stock launch, and unlike most catalyst-driven moves, the on-chain activity is following. The token rose from about $0.31 to $0.37 between July 14 and 16 after launching DTCC-backed tokenized stock representations and a new partnership with SBI.
The connection with DTCC places Ondo’s products alongside systems trusted by major banks, asset managers, and trading venues. However, analysts note that connecting tokenized securities to robust settlement infrastructure does not directly translate into immediate institutional demand for the ONDO token itself.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation), a US-based institution, provides clearing, settlement, and information services for financial markets, processing trillions of dollars in transactions each year and playing a fundamental role in global securities infrastructure.
Expanding distribution, onchain integrationOndo Finance, a platform focused on tokenizing real-world assets, is also broadening its market presence with the launch of Robinhood Chain in July. Powered by Arbitrum, this new integration allows Robinhood users to access stock tokens and decentralized finance products, potentially increasing market exposure to tokenized equities.
In May, Ondo collaborated with Kinexys, Mastercard, and Ripple to complete a cross-border Treasury redemption pilot. The process saw Ondo conduct the asset tokenization and redemption while traditional banking partners managed fiat settlements, demonstrating a practical link between public blockchains and mainstream financial payment systems.
The company’s perpetual derivatives platform, Ondo Perps, reported over $1 billion in trading volume in the span of seven days and surpassed $3 billion in cumulative activity. This growth reflects increased market interest in RWA-linked derivatives products.
Key resistance and support levels for ONDOONDO’s price has surged past short and medium-term exponential moving averages, including the 20-day, 50-day, and 100-day EMAs, which cluster around the $0.339 to $0.345 range. The token also moved above the 200-day EMA at $0.376, shifting the technical outlook in favor of buyers.
LevelValue/RangeSignificanceSupport$0.37 – $0.38Breakout holding zoneResistance$0.39 – $0.40Near-term cap, requires breakoutTarget$0.43 – $0.45Previous May highsMajor Resistance$0.48, $0.70Longer-term challenge levelsA firm close above $0.40 could pave the way for a move toward May highs near $0.43 to $0.45, with additional resistance further up at $0.48 and $0.70. However, with the four-hour Relative Strength Index (RSI) touching 75, the market now appears overbought, which raises the risk of short-term consolidation or a pullback.
First support now appears at $0.37 to $0.38. If ONDO holds this range, the breakout structure stays intact. A drop below $0.37 could lead to further declines toward the dense support zone near $0.34, where multiple moving averages converge.
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.
According to official announcements, Ondo Perps has launched a tokenized stock collateral feature, allowing all users to use Ondo Finance’s tokenized stocks as valid collateral assets for perpetual contract trading. The first supported assets include tokenized versions of the S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Ondo noted that its perpetual contract platform has processed over $3.8 billion in trading volume. As traders’ demand grows for on-platform hedging, deep liquidity, tight spreads, low slippage, exchange speeds comparable to centralized exchanges (CEXs), and 24/7 trading, the on-chain stock derivatives market is expanding rapidly. The tokenized stock collateral mechanism allows traders to gain exposure to other markets without locking funds in stablecoins or selling existing assets, thereby improving capital efficiency. This feature is part of Ondo’s "Productive Capital" strategy, designed to gradually align the liquidity and capital efficiency of tokenized stocks and stock perpetual contracts with those of traditional derivatives markets. The company added that the current trading and margin infrastructure built on tokenized assets is just the beginning of a broader on-chain prime brokerage ecosystem, with plans to launch additional markets, liquidity products, and innovative features in the future.
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US crypto-related stocks rose broadly, with Coinbase surging more than 12%.
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Tokenized Equity Enters the Derivatives Market@OndoFinance has taken a notable step in merging traditional finance with on-chain derivatives, enabling $SPYon and $QQQon to be used as productive collateral on the @OndoPerps platform. The move allows traders to back leveraged perpetual positions with tokenized equity instruments rather than holding idle stablecoins as margin.
The practical benefit is straightforward. Instead of selling tokenized stocks to free up liquidity, users can keep exposure to their holdings while simultaneously opening leveraged perpetual positions. For instance, a holder of tokenized Tesla can open a leveraged Nvidia position without selling, while the underlying collateral continues tracking the stock's total return, including dividends.
Platform Scale and AccessThe platform offers 24/7 perpetual contracts on stocks, ETFs, and commodities with up to 20x leverage for non-restricted users. Supported contracts include assets tied to oil, gold, Apple, Tesla, and other traditional financial products. Trading volume on OndoPerps has accelerated past $3.8 billion as the protocol builds out its global partner network.
Ondo Perps operates from Panama and follows non-U.S. distribution rules. Users in the U.S., Panama, and other prohibited jurisdictions cannot access the platform.
The launch builds on a significant underlying asset base. Ondo Global Markets crossed $1 billion in TVL on May 11, 2026, with cumulative trading volume passing $18 billion. The platform now offers more than 260 tokenized U.S. stocks and ETFs. Ondo currently holds more than 70% of the tokenized equities market, according to RWA.xyz data.
The launch marks a shift of tokenized stocks from on-chain exposure into margin assets for leveraged trading, giving Ondo Finance a clearer path into RWA perps where collateral quality can shape liquidity. The announcement reflects a broader trend across decentralized finance, where tokenized assets are increasingly integrated into trading, lending, and collateral management. As institutions continue experimenting with blockchain-based securities, platforms are looking for ways to improve capital efficiency without relying on traditional market hours.
Sources:
KuCoin: Ondo Finance Launches Tokenized Stock Collateral for Perpetual Futures Trading
Genfinity: Ondo Perps Goes Live With Tokenized Stock Collateral, 20x Leverage, and $3M in Pre-Alpha Rewards
The Coin Republic: Ondo Finance Tests Tokenized Stocks as Collateral for Perps
Ondo Finance [ONDO] is the best-performing crypto in the top 100 in the past 24 hours after pulling gains of more than 14%.
The altcoin has outperformed Bitcoin [BTC] alongside the broader crypto market. This surge has been due to whale accumulation, perp volume, and the tokenization narrative that is pulling capital into ONDO crypto.
Perps’ volume quadruples as entities accumulate ONDO The trading volume of Ondo Finance surged by more than 118%, surpassing $155 million. Worth noting, perps volume accounted for all this volume while DEX volume stayed flat.
As per DefiLlama, daily perps volume increased by 4x from the previous day’s reading of $38.48 million to $155 million. However, it was still below the $271 million perp volume achieved on the 17th of July.
Source: DefiLlama On top of high speculative trading on perps DEXs, entities were buying spot ONDO from exchanges.
For instance, a total of 178 million ONDO, worth $61 million, was transferred to different addresses from the Coinbase Prime Custody wallet. The transactions were done in six batches, each of around 29.644 million ONDO worth $10.23 million.
Source: Arkham These large transfers are a part of frequent transfers that have increased of late for the altcoin. They indicate buying activity from large players that include whales and institutions.
Can ONDO now confirm the higher high that is forming? After breaking out of a daily chart’s triangle pattern on the 15th of July, ONDO appears to be shifting the market structure. The consolidation pattern has played out over the last two and a half months.
The breakout was initiated following a triple touch at the $0.30 support level.
Currently, the altcoin is forming a potential higher low (HL) at $0.34 but will be confirmed only if the altcoin’s daily candle closes above $0.40.
The MACD is also green, indicating a shift to bulls’ control. Moreover, the RSI Divergence indicator is at 64.71, reinforcing the buying activity. The two readings suggest further uptrend continuation, but hurdles exist.
Source: ONDO/USDT on TradingView These price hurdles are at $0.40 and $0.44, which were inside the triangle. Further resistance was at $0.48, which was the top of the triangle pattern.
The massive backing from the entities that are buying shows that bulls are likely to break these levels. Otherwise, if this prediction is not met, ONDO may fall to $0.34 or $0.30, where the upside move began.
Final Summary Ondo Finance surged by more than 14% in 24 hours amid a perps volume increase and big players buying. ONDO broke out of a triangle pattern, and price action was forming a HL at $0.34 but was yet to be confirmed.
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Hyperliquid (HYPE) price is gaining after Hyperliquid unveiled an upgrade to HIP-4 to launch decentralized prediction markets. At press time, HYPE traded at $62 with a 3.5% gain in 24 hours. Trading volumes were also up by 30% to $308 million, per CoinMarketCap data.
Hyperliquid Turns Towards Prediction Markets Hyperliquid has announced an improvement to the HIP-4 upgrade that went live in May and brought prediction markets to the platform.
Per an earlier report by CoinGape, this improvement will bring permissionless contracts to the Hyperliquid prediction markets, and anyone who stakes 500,000 HYPE tokens, worth around $31 million, will be able to create a wager.
Before this improvement to HIP-4, prediction markets on Hyperliquid were exclusive to validators, which means that the expansion could bring more people to the platform, and this could see it rival Polymarket and Kalshi.
But this upgrade comes as the US Congress holds a hearing today, July 21, regarding prediction markets as scrutiny grows that the platforms are prone to market manipulation.
HYPE Price Tests Key EMA Resistance Levels as Triangle Pattern Emerges HYPE price is testing resistance at the 20-day EMA of $64. Closing above this obstacle could push HYPE to the psychological price of $70.
This 20-day EMA of $64 also lies within a symmetrical triangle pattern. The pattern has been forming since June 20 as the price of HYPE made higher lows and lower highs.
Past trends show that HYPE touched the upper boundary of the symmetrical triangle after closing above the 20-day EMA. This occurred on June 13 and July 12.
If history rhymes and HYPE closes above $64, the price might gain by 46%, which is equivalent to the height of the symmetrical triangle.
But if Hyperliquid does not close above the 20-day EMA, it might move to the lower boundary of this triangle pattern at $58.
HYPE/USDT: 1-day Chart (Source: TradingView) The RSI reading of 47 supports a bearish long-term Hyperliquid price prediction, and suggests that the price might remain within the triangle pattern until there is more buying.
Demand For HYPE ETFs Remains Low Despite Prediction Market Plans Data from SoSoValue shows HYPE ETFs have not seen any inflows for three straight trading days despite HYP price gaining.
The ETFs had zero flows on July 20, while on July 17, there were outflows of $5.45 million.
HYPE ETFs also saw their first weekly outflows of $7.26 million in the week between July 13 and July 17.
HYPE ETF Flows (Source: SoSoValue) The outflows suggest that institutional demand for HYPE has faded after the ETFs saw nine straight weeks of inflows between May 2026 and early July 2026.
Artemis CEO Forecasts $230 HYPE Price Target by 2030 While HYPE price is struggling under weak demand from retail and institutional traders, the CEO of Artemis, Jon Ma, predicts that the price might reach $230 by 2030.
Ma notes that the revenues on Hyperliquid could reach $4 billion in 2030. This will be an eight times increase from the revenue of $500 million that the platform is recording today.
“Market is missing that Hyperliquid is NOT JUST a crypto exchange but is becoming THE default venue for investors trading global markets,” Ma said.
Because of how much Hyperliquid has diversified, Ma notes that it is possible that the price of HYPE increases by 251% in four years.
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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Pudgy Penguins (@pudgypenguins) has launched its new Pengu Plushies line in Target (@Target) stores across the United States, the brand announced on July 19. The rollout puts the flagship Pengu character in more than 1,800 Target toy aisles, sitting alongside household names like Bluey and Hello Kitty, and in front of millions of weekly shoppers who have never opened a crypto wallet.
For a project that began as 8,888 profile pictures on Ethereum, that shelf space is the whole point. Most NFT collections from the 2021 boom have faded into irrelevance. Pudgy Penguins spent the past four years turning a cartoon penguin into a consumer brand instead, and the Target launch is the clearest evidence yet that the strategy is working.
What Did Pudgy Penguins Announce?In a post on X, the project said that "Pengu is now available on all Target shelves across the USA" through its new plushie line, calling it the first time the Pengu character has reached a mainstream retail audience at this scale. The official account teased the drop with shelf photos and an offer to send free plushies to fans who said something nice about Pengu.
The launch is not the brand's first Target appearance, but it is the biggest. The timeline shows a steady climb:
Pudgy Toys launched on Amazon in May 2023 and quickly became a number one seller in three separate categoriesA Walmart rollout began in September 2023 across roughly 2,000 stores, later expanding past 3,100Clip-on plushies reached Target's collectibles aisles in May 2024, by which point the toy line had sold over 1 million units and generated $10 million in first-year salesThe Vibes Series 3 trading card set hit Target stores in June 2026, lifting total cards in circulation to around 15 millionThe new Pengu Plushies push the brand from the collectibles section into the main toy aisle, chain-wide.
How Did Pudgy Penguins Outlive Its NFT Peers?The collection launched in July 2021 and sold out fast, but the project nearly died with the rest of the market. Community discontent with the original founders sent the floor price tumbling. In April 2022, entrepreneur Luca Netz (@LucaNetz) acquired the IP and its operating company for roughly 750 $ETH, about $2.5 million at the time, just as NFTs slid into a prolonged bear market.
Where most 2021-era projects depended on secondary trading volume and royalty income that evaporated in 2022, Netz pushed the brand toward physical products and mainstream distribution. Three decisions stand out:
Building toys for kids and families rather than collectibles for crypto natives, with retail shelf space treated as the growth engineKeeping NFT holders aligned with the consumer business through a 5 percent share of net revenue from physical products featuring their individual penguinsFeeding a content flywheel spanning GIPHY animations with billions of views, the browser-based Pudgy World game, the Vibes trading card game, and the PENGU token, launched on Solana in December 2024 with a total supply of 88.88 billion and a broad airdrop to holdersThe result is an IP business that no longer lives or dies on NFT floor prices, which is precisely what separated it from the projects that disappeared. Today the brand operates under Igloo Inc. (@IglooInc), the parent company Netz leads, which also develops the Abstract blockchain (@AbstractChain).
What Does the Rollout Mean for PENGU?The token reaction was positive but measured. $PENGU trades around $0.0064, up 2 percent over the past 24 hours and 10.4 percent on the week, with a market cap of about $403 million at rank #88, per CoinMarketCap. That still leaves it roughly 90 percent below its all-time high.
The gap between brand momentum and token performance is the tension traders keep circling. Plushie revenue does not flow to the token through buybacks, revenue sharing, or staking, so some market watchers view the retail expansion as a franchise-building play rather than an immediate price catalyst. The physical royalty stream rewards NFT holders, not PENGU holders. The token's case rests on visibility: every shopper who meets Pengu in a toy aisle is a potential future participant in the ecosystem.
What Comes Next?The retail machine is running, but the digital side is still being rebuilt. The Pudgy Party mobile game crossed 1 million downloads before the project announced it was ending further development, pivoting resources to the browser-based Pudgy World instead. The brand has more than one door into its ecosystem, though: plushies carry QR codes linking to Pudgy World, Vibes cards tie physical packs to on-chain assets, and Igloo's Abstract chain gives the whole operation its own rails. The open question is conversion. Millions of new shoppers are about to meet Pengu in a toy aisle, and the next chapter depends on how many of them follow any of those doors on-chain.
Sources:
Pudgy Penguins Official announcement post on X confirming the Pengu Plushies rollout across Target storesCoinMarketCap Live PENGU market data including price, market cap, and supply figuresPR Newswire Official 2024 release covering the first Target launch and first-year sales figures
Key Highlights PUMP has surged more than 30% over the last seven days, currently trading around $0.001983 Trading volume exploded by over 500%, exceeding $164 million in daily activity Crypto influencer Ansem revealed a $1.5 million investment in PUMP, triggering a buying wave The platform has deployed approximately $410 million toward token buybacks, eliminating over 151 billion PUMP tokens Crypto analyst BATMAN identified renewed meme coin momentum as a critical catalyst for platform growth The PUMP token from Pump.fun has experienced remarkable momentum recently. Over the past seven days, the price has advanced more than 30%, with single-day gains reaching approximately 18%. At press time, PUMP was changing hands near $0.001983, with its market capitalization hovering around $779.88 million.
Pump.Fun (PUMP) Price Trading volume data reinforces this bullish narrative. Daily volume spiked more than 512%, climbing to $164 million within a 24-hour period. This dramatic increase suggests substantial buying interest rather than thin-market volatility.
A major catalyst behind this price action was crypto influencer Ansem’s public disclosure of his $1.5 million PUMP token acquisition. According to CoinGecko, the token’s value jumped over 23% following Ansem’s published investment rationale. Previously, analyst Kaff had suggested that PUMP’s fundamental metrics alone — including approximately $1–2 million in daily revenue and a price-to-earnings ratio around 1 — were insufficient to drive significant market movement independently.
ANSEM DIDN’T RANDOMLY WAKE UP BULLISH ON $PUMP
WATCH HOW THE ENTIRE INFLUENCER CAMPAIGN WAS BUILT IN REVERSE
June 16:
Ansem creates his first https://t.co/cWm0VDS47g profile and links his identity directly to a wallet
he immediately says he is “not endorsing any microcaps”… https://t.co/fmMhWoqYRw
— Jam (@jellysmithrave) July 20, 2026
On July 20, cryptocurrency analyst BATMAN observed that meme coin sector interest has been resurfacing after multiple weeks of subdued activity. BATMAN highlighted that PUMP had successfully reclaimed a critical support threshold and emphasized that heightened meme coin creation directly correlates with increased platform engagement and revenue generation for Pump.fun.
Recently, meme coins have been gaining traction and massive attention once again.
Because of that, $PUMP is finally looking interesting, with a recent breakout reclaiming a key support level.
More trading activity and coin launches means more revenue for… pic.twitter.com/KZWdb987MF
— BATMAN ⚡ (@CryptosBatman) July 20, 2026
Strategic Buyback Program Counters Unlock Pressure Pump.fun has implemented a substantial token buyback initiative. The platform has allocated approximately $410 million to repurchase PUMP tokens and has permanently removed 151.1 billion tokens from circulation through burning, effectively eliminating more than 15% of the initial supply.
The platform maintains a daily buyback pace of roughly $400,000, translating to approximately $12.85 million monthly. This figure closely aligns with projected team and investor token releases, estimated at around $12 million per month.
Analyst Ali Charts highlighted on X that approximately 82.5 billion PUMP tokens entered their initial significant insider unlock phase during July. Following a one-year vesting cliff, tokens allocated to team members and early investors — valued at roughly $125 million — became eligible for sale. The ongoing buyback initiative has effectively offset considerable portions of this selling pressure.
Around 82.5 billion $PUMP tokens are set to enter their first major insider unlock in July.
After a one-year cliff, team and early-investor tokens worth roughly $125 million became available to sell.
Given the size of the unlock relative to the circulating supply and average… https://t.co/RwFbzzoACb pic.twitter.com/ubfeR9i5xQ
— Ali Charts (@alicharts) July 21, 2026
Technical Analysis Outlook PUMP successfully escaped a multi-week consolidation zone bounded by $0.00140 and $0.00170. The price briefly exceeded $0.0020 before experiencing a modest retracement.
Currently, the token is positioned comfortably above its 20-day simple moving average of $0.00159 and its 50-day simple moving average of $0.00153. The Relative Strength Index registers 68.30, nearing but not yet entering overbought conditions.
Platform virality has contributed additional momentum. Jimothy the Raccoon (JIMOTHY) experienced a 186% surge and produced over $36 million in trading volume, amplifying overall engagement throughout the Pump.fun ecosystem.
Cumulatively, Pump.fun has produced approximately $1.2 billion in total revenue and facilitated over $800 million in SOL token sales through its launchpad infrastructure.
