Analysts note that ETH's jump in dominance has unfolded without a single obvious catalyst, making the recent rally harder to explain.
Ethereum’s market dominance climbed back above 10% on Tuesday after weeks below that level, while the token outperformed every other top-10 cryptocurrency with an almost 9% gain in the last seven days.
The move has rekindled bullish sentiment around ETH, even though one analyst is cautioning that no single event appears to have triggered the latest rally.
ETH Retakes 10% Market Share as Sentiment Improves Data from CoinGecko shows Ethereum’s market cap at around $233.2 billion, with the total crypto market up nearly 2% and valued at just over $2.34 trillion. That put ETH’s share of the market at slightly more than 10%, a figure BIT analyst Markus Thielen described as a “psychologically important” threshold in a July 21 update.
Thielen also noted that when ETH dominance rose in the past, it often coincided with conditions that favored bullish traders. Indeed, at the time of writing, ETH had gained over 4% in 24 hours, but according to the analyst, there was “no immediate catalyst” behind the rise in dominance.
Some big names in the market appear to have picked up on the changing mood, with BitMEX co-founder and avid crypto trader Arthur Hayes spending over $2.5 million on 1,332.5 ETH earlier today. That was his second multi-million dollar splurge on the token in a week after earlier buying 1,293 others for a similar amount on June 16.
BIT’s weekly market watch, also published on July 21, argued that last week’s softer-than-expected US inflation data had reversed a rough start to the week, one that had briefly pushed Bitcoin (BTC) under $62,000 after conflict between the US and Iran flared again. BTC closed that week above $65,000, up almost 4%, while ETH added over 7% in the same period, ending up above $1,900 and marking its second consecutive week of outperforming Bitcoin. This also lifted the ETH/BTC ratio to 0.0293 from a June low of 0.0264.
Institutional Positioning Shifts Toward Ethereum At the time of writing, the world’s second-largest cryptocurrency was still trading well over the $1,900 mark, having gained about 8.8% in one week and more than 12% in the last 30 days.
You may also like: Wrapped Ethereum Just Logged a Five-Year Whale Record: Here’s Why It Matters for ETH Tom Lee’s Bitmine Slashes Weekly Ethereum Purchases by 76% – Here’s Why Analyst Says Long-Term Bullish Setup Could Take Ethereum to $22K That weekly performance was the best among the top ten digital assets by market cap, with XRP and BTC following closely after jumping more than 6% in XRP’s case and about 5.7% in BTC’s case in that period. ETH’s daily trading volume also saw a huge uptick, adding more than 31% to the previous day’s amount to hit $11.6 billion.
Beyond spot prices, BIT’s report said perpetual funding rates have remained close to neutral despite ETH’s gains, while implied volatility stayed relatively subdued.
It also noted that institutional investors appeared to favor call options, with buy-call activity accounting for more than three-quarters of Ethereum block trades, while retail participants largely opted for call spreads to gain upside exposure with limited cost.
Aztec has launched the alpha version of its v5 execution layer, introducing a programmable privacy framework that allows Ethereum applications to process both public and private state within the same layer-2 environment.
Summary
Aztec has released the alpha version of its v5 execution layer, bringing programmable privacy to Ethereum through zero knowledge powered smart contracts. The new architecture processes private computations on user devices while verifying transactions on chain without exposing sensitive data. Aztec said the execution layer supports confidential decentralized applications with features designed to reduce front running and MEV risks. Aztec Labs announced the alpha release of its v5 execution layer, describing it as a step toward making privacy-native smart contracts practical on Ethereum.
The new architecture allows developers to build decentralized applications that combine confidential user data with public blockchain state while relying on zero-knowledge proofs to verify transactions without exposing sensitive information.
Unlike Ethereum’s base layer, where every validator processes and stores transaction inputs, outputs, and execution data to reach consensus, Aztec’s execution layer moves private computation to the user’s device. Instead of revealing transaction details to the network, the system generates cryptographic proofs locally before submitting them for verification on-chain, reducing the amount of visible transaction data while preserving Ethereum’s security guarantees.
Client-side execution changes how private transactions are processed At the center of the release is a client-side zero-knowledge execution engine integrated with Noir, Aztec’s domain-specific programming language for private smart contracts. Rather than executing confidential transactions across every network node like the Ethereum Virtual Machine, the system performs private computations on user hardware before generating recursive Succinct Non-Interactive Arguments of Knowledge, or SNARKs.
Those proofs allow the network to verify that state changes are valid without exposing plaintext inputs, transaction values, or account identities. According to Aztec Labs, the model cuts unnecessary data disclosure while maintaining mathematical guarantees that transactions have been executed correctly.
The architecture also introduces a hybrid state model designed to overcome one of the biggest engineering challenges facing privacy-focused blockchains. Purely private execution environments often struggle when multiple users attempt to update the same public state at the same time, creating state contention that limits interaction with shared decentralized finance infrastructure.
To address that limitation, Aztec separates private and public state management. Private assets are stored in UTXO-like note trees, while public data is maintained through key-value trees. During execution, private functions can generate deferred public function calls that are processed later within the same transaction lifecycle, allowing confidential and public operations to work together without sacrificing deterministic execution or creating race conditions.
The execution model is intended to support applications that require confidential computation while still interacting with Ethereum’s public ecosystem, including shared liquidity pools and other decentralized finance protocols.
Privacy model targets decentralized finance and enterprise applications Beyond transaction privacy, the execution layer introduces features that could reduce several long-standing issues in blockchain execution.
According to Aztec Labs, transaction details remain hidden before state commitment, making it significantly harder for external observers to reorder pending transactions or exploit visible transaction data through Maximal Extractable Value strategies.
The architecture also provides building blocks for applications such as confidential order matching, private liquidity provisioning, and selective compliance systems that disclose only required information through viewing keys instead of exposing complete user records.
Those capabilities build on Aztec’s long-standing focus on programmable privacy rather than simple anonymous token transfers.
Speaking to crypto.news in April 2025, Aztec Labs co-founder and CEO Zac Williamson said blockchain privacy should go beyond hiding wallet addresses.
He described user privacy, confidential transaction data, and private smart contract execution as the three pillars needed for practical on-chain privacy, calling them “the holy grail of blockchain privacy.”
Williamson also argued that privacy should not be treated as a separate segment of the industry, saying, “all crypto will be private” as programmable privacy becomes part of mainstream blockchain applications.
Discussing compliance, Williamson said privacy preserving systems should rely on selective disclosure instead of complete anonymity. He pointed to ZKPassport as an example, explaining that users can tap an NFC enabled passport to generate a zero knowledge proof and choose “what information you want to disclose,” whether it is nationality, age, or other identity attributes.
He said the technology is “permissionless, it’s privacy preserving, and it ensures strong compliance,” adding that such systems are “a lot more powerful” than existing privacy solutions because they combine privacy with programmable compliance.
That vision expanded further in May 2026 when Aztec Labs acquired ZKPassport while committing to keep the passport verification platform open source. The acquisition brought the privacy-focused identity infrastructure directly into Aztec’s ecosystem, allowing developers to combine programmable privacy with zero-knowledge identity verification across Ethereum-compatible networks.
The technology had already been tested on Aztec’s network to help reduce Sybil attacks by allowing participants to prove they were unique individuals without revealing their identities. It was also used during the AZTEC token sale to perform sanctions screening while keeping participant information private.
Alpha release follows security incidents involving legacy products The execution layer arrives shortly after Aztec Labs dealt with security issues involving products that had already been retired.
Earlier this month, Aztec Labs disclosed that it was investigating a potential exploit involving a deprecated payments product launched in 2021 after roughly $2 million was transferred from an immutable smart contract. The company said the affected system had been discontinued in 2022 and operated without administrator keys, preventing the team from pausing or upgrading the contract.
Separately, another deprecated product, Aztec Connect, lost approximately $2.1 million after attackers exploited an old immutable RollupProcessorV3 contract. Aztec Labs said the incidents were unrelated to the active Aztec network.
The Aztec Foundation also stated that neither exploit had any connection to the current network or the AZTEC ERC-20 token, emphasizing that the affected contracts belonged to legacy infrastructure that had remained live on Ethereum after the products were sunset.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Key Highlights Major Dogecoin holders accumulated 200 million tokens through Robinhood, representing approximately $14 million in value Futures open interest increased by 3.74% to reach $1.08 billion, accompanied by a 114% spike in derivatives trading volume to $739.56 million DOGE exchange-traded fund recorded zero daily inflows on July 17, while maintaining cumulative inflows at $11.77 million Technical analysts identify double-bottom formation with projected price objectives between $0.653 and $3.25 Current DOGE trading price hovers around $0.072, maintaining position above critical $0.070 support zone The popular meme cryptocurrency Dogecoin continues to maintain its position above the crucial $0.070 support threshold as renewed whale accumulation and expanding derivatives market activity draw attention to the digital asset. Trading data from Monday showed DOGE changing hands at $0.07212, representing a 1.07% decline during the most recent four-hour trading period.
Dogecoin (DOGE) Price Large cryptocurrency holders, commonly referred to as whales, acquired 200 million DOGE tokens via the popular trading platform Robinhood, representing a transaction valued at approximately $14 million. Such substantial purchasing activity from major market participants typically influences near-term market sentiment and can create ripples throughout liquidity dynamics.
Within the derivatives marketplace, trading activity experienced a dramatic 114% increase, reaching approximately $739.56 million during a single trading session. Simultaneously, open interest—representing the total value of outstanding derivative contracts—climbed 3.74% to hit $1.08 billion, indicating that additional capital continues flowing into active trading positions.
Market analyst Ali Charts shared observations on the social platform X, noting that Dogecoin’s weekly TD Sequential indicator has generated multiple consecutive buy signals. According to his assessment, this represents an uncommon technical configuration that may be foreshadowing a significant bullish price movement.
Dogecoin $DOGE just keeps printing buy signals.
The weekly TD Sequential has now flashed multiple consecutive buy signals—a rare setup that could be warning a major bull rally is approaching. pic.twitter.com/DrOI9nqJ2I
— Ali Charts (@alicharts) July 21, 2026
Exchange-Traded Fund Activity Pauses While Technical Outlook Remains Constructive According to data compiled by SoSoValue, DOGE spot exchange-traded fund products recorded zero daily inflows on July 17, 2026. Nevertheless, the cumulative net inflow figure held firm at $11.77 million, while total net assets across all DOGE ETF offerings stood at approximately $10.03 million.
Technical analyst Javon Marks suggests that DOGE has successfully breached a significant resistance level and is currently consolidating—a period of sideways movement he characterizes as similar to consolidation phases observed before previous upward price movements. His projected price objectives include $0.653, levels above $0.70, and an extended target of $1.25.
Market observer Namtoshi Dogemoto has spotted a weekly double-bottom chart pattern featuring two rounded troughs. The second trough exhibited increased trading volume, with the pattern’s neckline positioned between $0.45 and $0.50.
Classic Reversal Pattern Suggests Extended Upside Potential Should price action successfully breach above the identified neckline, it could trigger a more substantial rally, with Dogemoto highlighting a measured move projection exceeding $3. He additionally observed that the weekly Relative Strength Index is emerging from oversold conditions, mirroring the market structure witnessed before the 2024–2025 bullish movement.
$Doge/weekly#Dogecoin has formed a massive Double Bottom — and the measured move is screaming.
📉 First bottom ✅
📉 Second bottom 🔄
🎯 Target: $3.25 🔄
The structure is perfect. This is one of the most reliable reversal patterns in technical analysis.
$3.25 incoming 🚀 pic.twitter.com/AqzRHfGvSm
— Trader Tardigrade 🧬 (@TATrader_Alan) July 19, 2026
Another independent technical analyst has identified a double-bottom formation on the weekly timeframe, establishing a price target of $3.25 contingent upon a definitive breakout confirmation. This projection remains theoretical pending pattern validation through price action.
From a technical indicator perspective, the MACD histogram has turned marginally positive at 0.00003, suggesting that bearish momentum may be weakening. The Chaikin Money Flow indicator advanced to 0.28, indicating enhanced capital accumulation.
A confirmed breakout above the $0.075 threshold could propel DOGE toward the $0.080 level, with subsequent resistance anticipated at $0.085. Conversely, a breakdown below $0.070 would likely direct price action back toward $0.068.
As of Monday’s trading session, DOGE maintained its position above $0.070 with cumulative ETF inflows remaining stable at $11.77 million.
Dogecoin remained resilient above the $0.070 support level this week, as renewed interest from major holders and heightened derivatives activity provided a boost to the cryptocurrency’s profile. As of the most recent trading session, DOGE changed hands around $0.072, showing only a modest decline over the previous hours.
Whales accumulate through RobinhoodLarge investors commonly known as “whales” amassed 200 million DOGE tokens via the commission-free trading platform Robinhood, accounting for approximately $14 million in transaction value. Analysts stated that this significant accumulation by key actors may affect liquidity and short-term price trends for Dogecoin.
Whales purchased another large tranche of DOGE tokens on Robinhood, totaling 200 million valued at $14 million. Such sizeable buying activity often draws attention to potential shifts in market sentiment among major participants.
Robinhood is a leading US-based financial services company known for offering zero-commission trading for stocks and cryptocurrencies, with a reputation for attracting both retail and institutional investors.
Within derivatives markets, DOGE observed a dramatic surge in trading action, with daily volume in derivatives increasing by 114% to $739.56 million. Open interest rose 3.74% to reach $1.08 billion, suggesting more capital entering leveraged positions on the asset.
Mini dictionary: Open interest refers to the total number of outstanding derivative contracts, such as futures and options, that have not been settled. Higher open interest often indicates increased market participation and liquidity.
MetricPreviousCurrentChangeDerivatives trading volume$345.46 million$739.56 million+114%Open interest$1.04 billion$1.08 billion+3.74%Technical signals and analyst targetsTechnical analysts observed that Dogecoin’s weekly TD Sequential indicator displayed multiple consecutive buy signals. Market chartist Ali Charts mentioned that this rare pattern might precede a sizeable rally in DOGE’s valuation.
The weekly TD Sequential indicator for Dogecoin registered several buy signals in a row, creating a setup that sometimes anticipates a sharp upward move in the market.
In addition, analyst Javon Marks reported that DOGE had moved above an important resistance point and was consolidating—a phase that in some previous cycles was followed by extended upward trends. Marks’ projections include a first target above $0.70 and a longer-range goal of $1.25 if momentum continues.
Another observer, Namtoshi Dogemoto, identified a double-bottom chart formation on the weekly timeframe, with the neckline set between $0.45 and $0.50. If the price manages a breakout above this area, Dogemoto estimates a possible upside exceeding $3.00, citing similarities to rallies seen in earlier cycles.
Mini dictionary: A double-bottom is a technical chart pattern that signals a potential reversal in a downward trend, typically featuring two similar lows separated by a moderate peak. A breakout above the pattern’s neckline can be interpreted as confirmation of a new upward trend.
ETF flows and technical indicatorsDOGE-based spot exchange-traded fund (ETF) products recorded zero daily net inflows on July 17, leaving their cumulative net inflows at $11.77 million. Total ETF assets reached $10.03 million, as reported by SoSoValue.
Technically, the MACD histogram turned slightly positive at 0.00003, while the Chaikin Money Flow indicator advanced to 0.28, suggesting growing capital accumulation and waning bearish momentum.
Some analysts highlighted critical price zones to track. Sustained trading above $0.075 could send DOGE to test the $0.080 and $0.085 resistance levels. A move below $0.070 would likely shift focus toward $0.068 as a key support.
DOGE’s ability to hold above $0.070, alongside steady ETF inflows and rising derivatives activity, continues to position it as one of the more closely watched assets among major cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin continues to trade within a narrow range even as accumulation indicators suggest buyers are quietly increasing their positions. The coin remains mostly stagnant, yet key on-chain signals now point to potential for renewed upward momentum, contributing to speculation about a major price breakout that could target previous cycle highs.
Long-Term Cycle Formation Suggests Upside TargetsRecent analysis by cryptocurrency commentator Javon Marks identifies a recurring technical pattern in Dogecoin’s price history. This structure has emerged ahead of past rallies, notably those seen in 2017 and 2021. According to Marks, Dogecoin is currently in a post-breakout consolidation phase, which historically has preceded large upward moves.
His chart analysis highlights a sequence starting with a descending breakout, extended sideways activity, and eventual strong price expansion. Dogecoin is now building a base within this pattern after leaving behind its previous downward trend. The first significant price target is set near $0.653, a level aligned with its prior cycle top. If buyers manage to drive the price over that resistance, an advance toward $0.70 could follow, with a more optimistic projection placing potential gains above $1.25.
These targets, however, rely on Dogecoin retaining its long-term support and resolving the current range to the upside. Unless this breakout is confirmed, the rally projections will remain as potential scenarios connected to historical trends.
Accumulation Score Reaches Maximum as Momentum GrowsOn the technical front, Dogecoin’s accumulation score, as displayed by the market indicator, has reached a maximum reading of 100. This points to an increase in buying interest beneath the current consolidation zone. Market participants are monitoring whether this buildup translates into higher volatility in the near future.
Trading activity remains tightly confined between $0.0719 and $0.0730, a range marked by subdued volatility and little directional conviction from either buyers or sellers. Despite this flat movement, underlying indicators have shown early signs of improvement. The relative strength index (RSI) has climbed to mid-range levels, hinting at decreasing selling pressure and a mild boost in momentum.
Additionally, the MACD histogram shows a gradual uptick, further supporting the accumulation argument. However, overall trading volumes are still low, and the average directional index (ADX) continues to reflect a market in consolidation rather than a trending environment.
A decisive move above $0.0730 could create room for a rally toward resistance areas near $0.075 to $0.076. On the other hand, if Dogecoin closes below $0.0719, it would signal a breakdown in the accumulation pattern and a possible shift to further weakness.
Instant Access to Market OpportunitiesMonitoring Dogecoin’s consolidation and waiting for technical confirmation of a new trend may be crucial at this stage. For investors seeking real-time tracking, price alerts, and customized news filtered by the coins in their portfolios, CryptoAppsy provides an integrated platform that combines live prices, charting tools, and market data. Users gain an advantage by receiving up-to-the-minute information on emerging altcoins and macroeconomic data such as Fed interest rates, minimizing the risk of missing new opportunities as they develop.
The pattern shaping up in Dogecoin resembles past cycles where a period of stagnation was followed by rapid expansion. With an accumulation score of 100 and strengthening momentum indicators, the market could be setting the stage for a potential breakout. However, confirmation is still required before any sustained rally can take place.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin co-founder says DOGE merge mining should stay put.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Amid the ongoing merge mining debate in the Dogecoin community, co-founder Billy Markus offers a non-partisan take on the subject. Merge mining, or Auxiliary Proof of Work (AuxPoW), allows users to mine two or more coins, including Dogecoin, with the same hashpower and proof-of-work without splitting.
Markus, who goes by "Shibetoshi Nakamoto" on X, believes removing merge mining is pointless and should not be done.
as a non-dev who has no investment in any scrypt altcoins and just thinks proposals should solve actual necessary problems and not random made up ones for self-serving reasons, i find this reply disingenuous
removing merge mining is pointless, so it shouldn't be done
HOT Stories
— Shibetoshi Nakamoto (@BillyM2k) July 20, 2026 Markus shares this point of view as a non-developer who has no investment in any scrypt altcoins. It should be noted that Markus has been out of development work on Dogecoin since 2014.
Dogecoin was launched in late 2013 by Billy Markus and Jackson Palmer. Palmer created the Dogecoin.com website while Markus worked as a solo developer on the first four releases. In 2014, both Palmer and Markus left the development efforts, while a Dogecoin Core Development team was formed, which has been maintaining and developing Dogecoin since then.
Scrypt altcoins, in the context of what the Dogecoin developer wrote, refer to coins that support merge mining, including Dogecoin, Litecoin, Namecoin, and several others. Litecoin and Dogecoin remain the largest and most profitable combination.
You Might Also Like
Markus once revealed selling all of his crypto in "one clip"; this included 50 Bitcoin, 440 Litecoin, and 6 million Dogecoin, with nothing left. If this still stands, it leaves him with no investments in scrypt altcoins, including Dogecoin and Litecoin.
'Dumb and pointless'The recent discussion around merge mining in the Dogecoin community has attracted differing opinions, with most in support. Supporters of the current model believe that merge mining allows miners to maximize their mining rewards.
You Might Also Like
In an earlier response on X, Markus maintained that Dogecoin should stay merge mined and that moving it off would be dumb and pointless.
Dogecoin and Litecoin implemented merge mining in August 2014. Before this time, Dogecoin faced potential security risks due to its smaller hashrate, making it vulnerable to 51% attacks because fewer miners secured the network.
Dogecoin co-founder Billy Markus has opposed calls to end the network’s merged mining structure, arguing that removing the system would serve little purpose.
Summary
Billy Markus says ending Dogecoin merged mining would be pointless as debate continues over security. Dogecoin has used merged mining since 2014, allowing Litecoin miners to secure both networks simultaneously. DOGE price gained as weekly TD Sequential signals and whale accumulation supported short-term market sentiment. His comments come as members of the Dogecoin community debate whether the network should continue sharing mining infrastructure with Litecoin.
Responding to the discussion on X, Markus said Dogecoin should remain merge-mined and described moving away from the model as “dumb and pointless.” Markus, who no longer works on Dogecoin development, presented the statement as his personal view and said he has no investment interest in Scrypt-based altcoins.
as a non-dev who has no investment in any scrypt altcoins and just thinks proposals should solve actual necessary problems and not random made up ones for self-serving reasons, i find this reply disingenuous
removing merge mining is pointless, so it shouldn’t be done
— Shibetoshi Nakamoto (@BillyM2k) July 20, 2026 Dogecoin merge mining remains at center of network debate Merged mining allows miners to use the same computing work to secure more than one blockchain that runs on a compatible mining algorithm. Dogecoin uses Scrypt and has supported merged mining since 2014. Litecoin remains the main network mined alongside DOGE under the current setup.
Dogecoin’s official documentation says the 2014 change allowed Litecoin and other Scrypt miners to contribute to Dogecoin’s network while earning rewards from several blockchains using the same work. The system means miners do not need to divide their computing power between the participating networks.
The latest debate has focused on whether Dogecoin should continue relying on that model. Supporters argue that the current structure gives miners an economic reason to secure DOGE while already mining Litecoin. Critics of merged mining have raised questions about whether Dogecoin should depend so closely on another network’s mining activity.
Markus has rejected the idea that ending the arrangement would automatically improve Dogecoin. His position follows recent discussion among developers and community members over how merged mining works and what changing the system would mean for miners. No formal Dogecoin governance decision or confirmed network proposal to remove merged mining has been announced.
DOGE gains as analysts flag repeated buy signals The mining debate comes as Dogecoin shows a modest price recovery. According to the latest crypto.news Dogecoin price data, DOGE traded near $0.0734 on July 21, up about 2.14% over 24 hours and 1.86% over seven days. The token remained down more than 11% over the previous month.
Crypto analyst Ali Martinez also pointed to improving technical signals. In a July 21 post, he said Dogecoin’s weekly TD Sequential had produced several consecutive buy signals, calling the setup unusual and suggesting it could precede a larger recovery. The indicator does not guarantee a price reversal, and DOGE still faces several nearby resistance levels.
Dogecoin $DOGE just keeps printing buy signals.
The weekly TD Sequential has now flashed multiple consecutive buy signals—a rare setup that could be warning a major bull rally is approaching. pic.twitter.com/DrOI9nqJ2I
— Ali Charts (@alicharts) July 21, 2026 As previously reported, the same TD Sequential indicator flashed a Dogecoin buy signal in June after DOGE fell 31% from $0.113 to $0.078. At that time, traders watched the $0.096-$0.100 range as an area DOGE needed to reclaim to weaken its wider bearish structure.
The latest price remains well below those levels. That leaves the current signals pointing to a possible short-term recovery rather than a confirmed change in the broader trend.
Whale accumulation adds support to DOGE recovery attempt Large holders have also returned to the market. Dogecoin whales recently accumulated about 200 million DOGE worth roughly $14 million. Futures open interest also rose 3.74% to about $1.08 billion as derivatives trading activity increased.
That analysis placed near-term resistance around $0.0754 and $0.0797. DOGE needs to move above those areas to strengthen its recovery structure. The same market data showed major liquidation clusters close to the current price, which could keep short-term volatility elevated.
However, institutional demand has remained weaker. As previously reported, U.S. Dogecoin ETFs had gone one month without recording new inflows as of July 17. DOGE was trading near $0.071 at the time, with support around the same area.
The mixed data leaves Dogecoin with stronger whale activity and improving technical signals, while ETF demand and the longer-term price trend remain softer.
Network debate and price action remain separate issues The discussion around merged mining concerns Dogecoin’s network security and mining structure rather than its short-term market price. Dogecoin’s current system lets Scrypt miners contribute to several compatible networks without splitting the same mining work, according to the project’s official documentation.
Markus has made his position clear, but he does not control Dogecoin development or network changes. Any major change to the mining system would require technical work and support from the wider ecosystem rather than approval from a single founder.
Meanwhile, DOGE traders are watching a separate set of signals. The token has moved higher, whales have accumulated additional coins and the weekly TD Sequential has produced repeated buy setups. Yet DOGE still needs to clear nearby resistance before the latest rebound develops into a stronger recovery.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Billy Markus, the co-founder of Dogecoin, has weighed in on the current merge mining debate within the Dogecoin community, offering a neutral stance on the ongoing discussions. Merge mining, known technically as Auxiliary Proof of Work (AuxPoW), enables users to mine multiple cryptocurrencies, including Dogecoin, using the same hashpower and proof-of-work process without needing to divide their mining resources.
Markus calls removal of merge mining ‘pointless’Posting under his online alias “Shibetoshi Nakamoto” on X, Markus described any move to remove merge mining from Dogecoin as unnecessary. He emphasized his position as a community member who is no longer involved in Dogecoin’s technical development and does not hold investments in scrypt-based altcoins such as Dogecoin or Litecoin.
Markus has stated that he considers efforts to remove merge mining from Dogecoin both pointless and unnecessary, reinforcing that he no longer holds any scrypt altcoins or an active development role in the project.
Markus, along with Jackson Palmer, created Dogecoin in late 2013. Palmer managed the project website, while Markus served as the sole developer for Dogecoin’s initial releases. Both founders stepped away from direct development in 2014, leaving ongoing maintenance to the Dogecoin Core Development team.
What is merge mining and why is it important?Merge mining, or AuxPoW, lets miners generate rewards from more than one cryptocurrency without having to split computational resources. This process is supported by several scrypt-based altcoins, with Dogecoin and Litecoin remaining the most prominent and profitable pair for miners.
Mini dictionary: Merge mining (Auxiliary Proof of Work/AuxPoW) is a mining protocol that allows miners to use the same computational resources to secure more than one blockchain at the same time, increasing security and efficiency without extra resource expenditure.
Dogecoin implemented merge mining with Litecoin in August 2014, a decision made after security vulnerabilities were identified due to Dogecoin’s low hashrate stemming from a limited miner base. By combining forces with Litecoin, Dogecoin increased its network security and reduced susceptibility to 51% attacks.
CryptocurrencyMerge Mining PartnerYear ImplementedDogecoinLitecoin2014LitecoinDogecoin2014NamecoinBitcoin2011Community debate and historical contextThe topic of merge mining has sparked varied opinions within the Dogecoin community. Many participants favor maintaining the current merge mining arrangement, arguing that it allows miners to optimize their rewards across compatible coins.
Markus previously disclosed that he had divested all of his cryptocurrency holdings, which included 50 Bitcoin, 440 Litecoin, and 6 million Dogecoin, confirming his neutral investment position. This aligns with his hands-off approach since 2014, as ongoing development and governance have been managed by the Dogecoin Core team.
In earlier social media comments, Markus reiterated his view that Dogecoin should remain merge mined with Litecoin, describing any proposal to the contrary as misguided and lacking justification.
Merge mining supporters believe the system provides both improved network safety and maximized mining incentives, citing the significant security enhancements seen after Dogecoin implemented this protocol in partnership with Litecoin.
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.
No — Dogecoin is not dead. As of July 21, 2026, DOGE is trading near $0.0735 (see live Dogecoin Price), up over 2% in the past 24 hours as part of a broader crypto market rally, with a market cap of roughly $12.5 billion that still ranks it among the largest cryptocurrencies by trading volume. The “is Dogecoin dead” question resurfaces every time DOGE has a rough stretch, much like the same question does for other major tokens — but the coin remains actively traded, listed on every major exchange, and has repeatedly recovered from steep drawdowns since its 2013 launch. This piece breaks down why the question keeps coming up, whether DOGE could realistically hit $1, and what’s actually driving its price swings.
Key Takeaways Dogecoin is not dead. It trades near $0.0735, has a market cap of roughly $12.5 billion, and remains one of the most actively traded cryptocurrencies by volume. “Is Dogecoin dead” spikes in search interest almost every time DOGE has a sharp pullback — a recurring sentiment pattern rather than a factual assessment of the project’s status. DOGE would need to roughly 13-14x from current levels to reach $1, given its circulating supply of over 155 billion coins — a genuinely large move, though not unprecedented for a token with DOGE’s volatility history. Dogecoin has recovered from multiple steep drawdowns throughout its history, including a roughly 90% decline after its 2021 all-time high and the broader 2022 crypto bear market. Continued exchange support, active spot ETF products, and real trading volume are the clearest signs Dogecoin is not dead, even as its price remains far below prior highs. Why People Keep Asking “Is Dogecoin Dead?” Search interest in “is Dogecoin dead” tracks closely with short-term price drops rather than any actual change in the project’s status. Whenever DOGE falls sharply over a few days, the phrase spikes — a pattern common across crypto broadly, but especially persistent for Dogecoin given its meme-coin origins and reputation for extreme volatility. Because Dogecoin has no roadmap of major technical upgrades the way many other cryptocurrencies do, price action is essentially the entire story for most casual observers, which makes the “is it dead” question resurface more easily than it does for projects with an active, newsworthy development pipeline.
Will Dogecoin Reach $1? Here’s the math that matters: DOGE has a circulating supply of roughly 155 billion coins. Reaching $1 would put Dogecoin’s market cap at approximately $155 billion — a level that would place it among the very largest cryptocurrencies by market cap, comparable to some of today’s top 5-6 assets. From DOGE’s current price near $0.0735, that’s roughly a 13-14x move, a large but not unprecedented swing given Dogecoin has posted moves of that magnitude before, most notably during its 2021 run when it rallied from fractions of a cent to a peak of $0.7376.
Can Dogecoin Hit $1 Again Like It Almost Did in 2021? Whether framed as can dogecoin reach $1, will dogecoin ever reach $1, or will dogecoin hit $1, the underlying math and history are the same. Dogecoin came reasonably close to $1 in May 2021, peaking at $0.7376 during a retail-driven mania fueled heavily by social media attention and celebrity endorsements. That rally was driven overwhelmingly by speculative retail demand rather than any fundamental shift in Dogecoin’s use case, and it reversed just as sharply as it began. A repeat move toward $1 would most likely require a similar combination of a broad crypto bull market and a fresh wave of retail enthusiasm, rather than steady, gradual appreciation — DOGE’s price history simply doesn’t show gradual multi-year climbs the way some other major cryptocurrencies do.
Why Is Dogecoin Down or Crashing? When DOGE drops sharply — a move sometimes searched simply as dogecoin crash — it’s almost always one or a combination of these factors:
Broader market conditions. Dogecoin is highly correlated with Bitcoin and the overall crypto market, and tends to amplify moves in both directions due to its lower relative liquidity and heavily retail trader base.
Leverage and liquidations. A meaningful share of DOGE trading happens with borrowed money. Forced liquidations during sharp moves can turn an ordinary pullback into a much sharper drop within hours.
Fading news cycles. Dogecoin’s price has historically been unusually sensitive to social media attention and celebrity mentions. When that attention fades, so does a source of speculative demand that other cryptocurrencies don’t rely on as heavily.
Profit-taking after rallies. DOGE’s rallies have historically been sharp and fast, and profit-taking after a strong run can look dramatic relative to recent highs even when the token remains up significantly over a longer window.
Is Dogecoin a Good Investment? Whether Dogecoin is a good investment depends heavily on risk tolerance and time horizon. Unlike cryptocurrencies with active development roadmaps or clear utility narratives, Dogecoin’s investment case rests almost entirely on continued brand recognition, exchange liquidity, and periodic waves of speculative interest rather than fundamentals in the traditional sense. It remains one of the most liquid and widely held cryptocurrencies, which supports its case as a highly speculative trading asset, but that’s a meaningfully different proposition than investing based on technology or adoption metrics.
Has Dogecoin “Died” Before? In the sense the question implies, yes — multiple times. DOGE fell more than 90% from its May 2021 all-time high of $0.7376 during the subsequent broader crypto bear market, and it has posted numerous 50%+ drawdowns throughout its trading history. Talk of doge death or a dogecoin message board thread declaring DOGE finished tends to resurface every cycle, much like discussion of the coin’s origins as a doge meme. Each time, the token has continued trading actively, remained listed on every major exchange, and eventually seen renewed periods of price strength — a pattern visible in real time through doge coin news coverage and Dogecoin’s active presence on platforms like Dogecoin Stocktwits, where retail sentiment is tracked daily. That persistence — not any specific price level — is the strongest evidence against a literal “Dogecoin is dead” reading.
This article is for informational purposes only and does not constitute financial advice. Always conduct independent research before making investment decisions.
Frequently Asked Questions Is Dogecoin dead in 2026? No. Dogecoin remains one of the most actively traded cryptocurrencies by volume, with continued exchange support and real trading activity. Price volatility is not the same as the project being dead.
Will Dogecoin reach $1? Reaching $1 would require Dogecoin's market cap to grow to roughly $155 billion given its circulating supply — about a 13-14x move from current levels. It's a large ask, though not unprecedented given DOGE's volatility history.
Can Dogecoin ever reach $1 again after coming close in 2021? DOGE peaked near $0.7376 in May 2021 during a retail-driven rally. A future move toward $1 would likely require a similar combination of a broad crypto bull market and renewed retail speculative interest.
Will Doge hit $1 anytime soon? No one can predict short-term price movements with certainty. A move to $1 would require sustained, broad-based demand well beyond DOGE's current trading levels.
Why is Dogecoin down today? Dogecoin's price moves are typically driven by broader crypto market conditions, leveraged liquidations, or fading social media attention rather than anything specific to the project declining.
Is Dogecoin a good investment right now? This isn't financial advice. Dogecoin's investment case rests mainly on liquidity and speculative demand rather than traditional fundamentals — evaluate your own risk tolerance and do independent research before investing.
How high can Dogecoin realistically go? No one can predict this with certainty. Dogecoin's price potential depends heavily on broader crypto market cycles and renewed retail speculative interest, given it lacks the utility-driven demand drivers some other major cryptocurrencies have. Content google_us_how-to-buy-xrp_matching-terms_2026-07-17_14-44-51.csv CSV google_us_how-to-buy-xrp_matching-terms_2026-07-17_14-46-00.csv CSV google_us_how-to-buy-xrp_related-terms_2026-07-17_14-45-39.csv CSV google_us_how-to-buy-xrp_serp-overview_2026-07-17_14-43-54.csv CSV blockchainreporter.net-Performance-on-Search-2026-07-17.zip ZIP google_us_why-is-crypto-down_matching-terms_2026-07-17_15-39-45.csv CSV google_us_why-is-crypto-down_matching-terms_2026-07-17_15-39-55.csv CSV google_us_why-is-crypto-down_related-terms_2026-07-17_15-40-02.csv CSV google_us_why-is-crypto-down_related-terms_2026-07-17_15-40-09.csv CSV google_us_why-is-crypto-down_serp-overview_2026-07-17_15-39-26.csv CSV blockchainreporter.net-top-pages-domain-all_2026-07-17_16-22-46.csv CSV blockchainreporter.net-top-pages-domain-all_2026-07-17_16-26-27.csv CSV blockchainreporter.net-Performance-on-Search-2026-07-17.zip ZIP google_us_trust-wallet_matching-terms_2026-07-17_19-13-26.csv CSV google_us_trust-wallet_related-terms_2026-07-17_19-13-49.csv CSV google_us_trust-wallet-review_matching-terms_2026-07-17_19-18-06.csv CSV google_us_trust-wallet-review_related-terms_2026-07-17_19-18-14.csv CSV google_us_trust-wallet-review_serp-overview_2026-07-17_19-17-55.csv CSV blockchainreporter.net-Performance-on-Search-2026-07-17.zip ZIP google_us_coinbase_serp-overview_2026-07-17_19-35-33.csv CSV google_us_coinbase-review_serp-overview_2026-07-17_19-36-03.csv CSV google_us_coinbase-review_matching-terms_2026-07-17_19-37-55.csv CSV google_us_coinbase-review_related-terms_2026-07-17_19-38-02.csv CSV blockchainreporter.net-Performance-on-Search-2026-07-17.zip ZIP google_us_cro-price-prediction_related-terms_2026-07-17_22-34-11.csv CSV google_us_cro-price-prediction_related-terms_2026-07-17_22-34-16.csv CSV google_us_cro-price-prediction_serp-overview_2026-07-17_22-32-54.csv CSV blockchainreporter.net-refdomains-domain_2026-07-17_23-17-08.csv CSV blockchainreporter-net_20260717T232456Z_DisavowLinks.txt TXT blockchainreporter.net-Coverage-Drilldown-2026-07-17.zip ZIP blockchainreporter.net-Coverage-2026-07-18.zip ZIP blockchainreporter.net-Coverage-Drilldown-2026-07-18.zip ZIP google_us_blockchain_matching-terms_2026-07-18_01-31-58.csv CSV google_us_blockchain_related-terms_2026-07-18_01-32-08.csv CSV google_us_blockchain-infrastruc_serp-overview_2026-07-18_01-38-05.csv CSV google_us_blockchain-infrastru_matching-terms_2026-07-18_01-43-38.csv CSV google_us_blockchain-infrastruc_related-terms_2026-07-18_01-43-55.csv CSV blockchainreporter.net-Coverage-Drilldown-2026-07-20.zip ZIP blockchainreporter.net-organic-keywords-histo_2026-07-21_11-48-26.csv CSV blockchainreporter.net-organic-keywords-sub_2026-07-21_11-48-28.csv CSV blockchainreporter.net-perf-subdomains_year2_2026-07-21_11-48-18.csv CSV blockchainreporter.net-top-pages-subdomains_2026-07-21_11-48-20.csv CSV blockchainreporter.net_common-keywords_subdom_2026-07-21_12-09-46.csv CSV blockchainreporter.net-content-gap-subdomain_2026-07-21_12-09-48.csv CSV google_us_is-xrp-dead_matching-terms_2026-07-21_12-20-39.csv CSV google_us_is-xrp-dead_related-terms_2026-07-21_12-20-49.csv CSV google_us_is-xrp-dead_serp-overview_2026-07-21_12-20-27.csv CSV google_us_why-is-xrp-dropping_serp-overview_2026-07-21_12-27-21.csv CSV google_us_ripple-banking-licen_matching-terms_2026-07-21_12-45-30.csv CSV google_us_ripple-banking-licens_related-terms_2026-07-21_12-45-44.csv CSV google_us_ripple-banking-licens_serp-overview_2026-07-21_12-44-52.csv CSV google_us_tom-lee-ethereum_matching-terms_2026-07-21_12-55-42.csv CSV google_us_tom-lee-ethereum_related-terms_2026-07-21_12-55-49.csv CSV google_us_tom-lee-ethereum_serp-overview_2026-07-21_12-55-27.csv CSV google_us_is-dogecoin-dead_matching-terms_2026-07-21_13-47-36.csv CSV google_us_is-dogecoin-dead_related-terms_2026-07-21_13-47-47.csv CSV google_us_is-dogecoin-dead_serp-overview_2026-07-21_13-47-28.csv CSV
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Dogecoin is trading near $0.0712 after losing the previously watched $0.11 area during wider market liquidations. Forecasts now range from gradual consolidation to an ambitious $1 target linked to institutional access. MemeToro offers a much earlier but riskier 2026 setup through an AI agent that creates and tracks memecoins before public price discovery begins.
Dogecoin Must Rebuild Its Technical Structure Earlier analysis treated $0.11 as Dogecoin’s critical support. DOGE now trades around $0.0712, showing that the baseline failed as geopolitical fear and crypto liquidations intensified.
The current market capitalization is approximately $11.15 billion, with daily trading volume near $331.8 million. This gives Dogecoin stronger liquidity than most memecoins, but its size also makes large percentage gains harder.
Peter Brandt previously identified a descending triangle with $0.11 support, $0.08 downside risk, and a possible $0.22 target above $0.14. With DOGE now below $0.08, buyers need a recovery before the bullish side of that structure becomes relevant again.
Short-term models place Dogecoin between $0.07 and $0.20 during 2026. The lower part of that range currently has control.
ETF Access Supports The Bullish Case The 21Shares Dogecoin ETF launching on Nasdaq has strengthened institutional access. It allows investors to gain regulated DOGE exposure without directly managing wallets.
Optimistic analysts believe ETF demand could eventually help Dogecoin approach $1. That target would require a dramatic increase from $0.0712 and considerably more capital entering the asset.
The DOGE-1 satellite mission has also returned to market discussions. Rumors of a renewed launch window reportedly increased Dogecoin derivative open interest by 15%.
Neither catalyst guarantees sustainable buying. The satellite mission has faced delays, while an ETF must attract significant inflows before it materially changes the supply-and-demand balance.
MemeToro Offers An Earlier Utility Window MemeToro remains in presale, so its upside profile differs from an established token with an $11 billion market value.
Its AI agent scans news, social platforms, and online communities for trends that may develop into memecoin narratives. It then creates the name, concept, visual identity, and marketing package.
MemeToro’s focused benefits include:
Entry before public trading Automated trend monitoring AI-generated token launches No insider pre-allocation Early discovery dashboards Planned staking rewards Generated tokens can enter a bonding process before migrating to PancakeSwap. Creators may receive up to 1.2% in trading fees.
Stage 4 Highlights MemeToro has raised $80,178.47 during Stage 4, filling 73.28% of its $109,411.90 allocation.
The current rate is $0.00232 per $MT, compared with the project’s stated launch price of $0.01875. This creates a planned 8.08-times difference before considering public-market demand.
Buyers can use BNB, ETH, supported stablecoins, or bank cards through the verified portal. Tokens are expected to become claimable at launch.
The pricing gap creates potential upside, but MemeToro carries higher development and liquidity risk than Dogecoin. Its platform must attract creators, traders, and active communities for $MT utility to grow.
Dogecoin Price Prediction Versus MemeToro Potential The Dogecoin price prediction remains divided. Conservative models expect slow growth, while optimistic forecasts point toward $0.20 or even $1 if ETF demand and market liquidity expand.
MemeToro may offer superior percentage potential because it begins from a smaller, pre-listing position. That does not make it a safer asset.
Dogecoin has global recognition, deep liquidity, and an existing market. MemeToro has an earlier entry and a more detailed AI utility plan, but those products still require delivery.
The 2026 comparison comes down to scale. DOGE needs enormous capital to reach $1. MemeToro needs successful execution and adoption to turn its Stage 4 pricing into lasting market demand.
FAQs Can Dogecoin Reach $1 In 2026? It is possible only under an aggressive scenario involving major ETF inflows, stronger liquidity, and renewed retail demand. The target remains speculative.
Why Could MemeToro Offer Greater Percentage Upside? MemeToro begins before public listing at a much smaller scale, but that earlier position also carries higher development and liquidity risk.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Dogecoin (DOGE) rises alongside other cryptocurrencies on Tuesday, trading around $0.0734. The largest meme coin eyes a short-term breakout, supported by a steadily growing derivatives market.
Still, investors should assess the overall outlook, especially amid persistent strikes between the United States (US) and Iran that are denting market sentiment.
The Fear & Greed Index has dipped to 25 on Tuesday, placing market sentiment firmly in Extreme Fear territory, down from 29 the day before. If recovery lags and negatively impacts appetite for risk assets, Dogecoin’s ongoing rebound may lose steam.
Crypto Fear & Greed Index | Source: AlternativeDogecoin retail demand returnsDogecoin derivatives continues to regain momentum with futures Open Interest (OI) rising to 15.43 billion DOGE on Tuesday, from 14.64 billion DOGE. A broader scope highlights the growth in OI from 12.01 billion DOGE on June 11, underscoring increasing investor interest in the meme coin.
Dogecoin Futures OI | Source: CoinGlassMeanwhile, trading volume has more than doubled to $1.02 billion from $438 million the day before and $336 million last Sunday, reinforcing the positive change in the derivatives market.
Dogecoin volume | Source: CoinGlassPrice analysis: Dogecoin ticks up amid a broader bearish outlookDogecoin trades at $0.0734 after a brief increase on the day. However, the meme coin retains a bearish near-term bias as price remains well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $0.0798, $0.0877 and $0.1047, respectively. The pair has reclaimed the former downward trendline barrier around $0.0709, which now acts as underlying support.
Meanwhile, the Relative Strength Index (RSI) near 43 and a mildly positive Moving Average Convergence Divergence (MACD) reading only hint at tentative stabilization rather than a clear bullish shift.
DOGE/USDT daily chartInitial resistance lies at the 50-day EMA at $0.0798, ahead of the 100-day EMA at $0.0877, with the longer-term 200-day EMA at $0.1047 reinforcing a broader bearish structure as long as DOGE trades beneath it. On the downside, the first notable support aligns with the trendline break level at $0.0709. A daily close below that floor would reopen the path toward fresh lows, while holding above it keeps the pair in a sideways-to-softly bearish consolidation under the key moving average cluster.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
Key Highlights Van Rossem hard fork successfully deployed on Cardano’s network July 18, implementing Protocol Version 11 First blockchain upgrade in Cardano’s history approved through decentralized community governance instead of Input Output directives Smart contract execution fees reduced with enhanced Plutus built-in functionalities added ADA price hovers around $0.1663, gaining approximately 1.2% in the past day after the network upgrade Large wallet holders controlling 100K–100M ADA tokens have amassed more than 25.6 billion coins, reaching levels unseen since early 2023 The Cardano blockchain successfully implemented the Van Rossem hard fork on July 18, transitioning the entire network to Protocol Version 11. The deployment occurred at 21:44 UTC, experiencing just a brief ten-minute interruption in block production with zero impact on end users.
Cardano (ADA) Price What makes this upgrade particularly significant is that it represents Cardano’s inaugural hard fork executed without direction from Input Output, the founding entity behind the network. The entire process—from initial proposal through community discussion to final approval—happened exclusively through Cardano’s decentralized governance infrastructure established during the Voltaire phase.
. @Cardano's Van Rossum hard fork is now live! 🚨
The upgrade brings lower smart contract costs and introduces fully onchain community governance.
A big step forward for the Cardano ecosystem. pic.twitter.com/XbVs46KNfL
— CryptoBusy (@CryptoBusy) July 20, 2026
Delegated representatives delivered a decisive 78.97% approval vote, surpassing the required 60% threshold by a comfortable margin. The constitutional committee provided unanimous support. Stake pool operators, though more divided, still passed the measure with 53.02% in favor.
Prior to official ratification, network requirements mandated that a minimum of 85% of stake pools operate compatible node software. Blockchain metrics confirmed approximately 93% of block-producing nodes had already upgraded to version 11 before the activation deadline.
DRep Jason Appleton highlighted the governance achievement on X, stating: “The best part: it was ratified on-chain by delegated community reps before activation. Upgrades by governance, not decree.” This transition fundamentally alters Cardano’s development trajectory—token holders now exercise direct voting authority over protocol modifications instead of passively accepting top-down decisions from centralized leadership.
Technical Modifications in Version 11 From a technical perspective, version 11 functions as an intra-era enhancement. It operates within the existing Conway governance architecture without altering transaction formats, minimizing the integration burden across the wider ecosystem.
The enhancement standardizes Plutus built-in functions across all three platform iterations, enabling legacy smart contracts to leverage modern capabilities. Additionally, it strengthens ledger validation protocols, including implementing safeguards that prohibit multiple stake pools from utilizing identical cryptographic identity credentials.
Regular ADA token holders will experience no perceptible changes. Wallet applications require no updates, standard transaction fees remain constant, and payment processing continues operating identically.
Paving the Way for Future Scalability Beyond immediate improvements, Van Rossem establishes critical infrastructure for the forthcoming Dijkstra era hard fork, which will deploy Ouroboros Leios—an ambitious scaling framework designed to dramatically boost transaction throughput while maintaining security guarantees. Developers anticipate this major upgrade arriving sometime during 2026.
Cryptocurrency analyst Sssebi observed on X that ADA recently closed above its 50-day moving average and characterized the technical structure as “looking bullish right now,” projecting that a rally toward the $0.20 price zone is “highly likely” provided the token maintains current support.
$ADA closed the day above the 50day MA and is looking bullish right now.
It has to stay above that line now and start setting higher highs.
A pump to the $0.20 area is highly likely. pic.twitter.com/11sIkNCYn5
— Sssebi🦁 (@Sssebi) July 21, 2026
ADA is currently trading around $0.1663, registering gains of roughly 1.2% across the last 24 hours. Large-scale wallets containing between 100,000 and 100 million ADA have collectively acquired over 25.6 billion tokens, marking their highest accumulation threshold since February 2023.
Looking ahead, Input Output plans to transfer ownership of essential infrastructure components, including the Plutus development platform and Daedalus wallet software, to independent organizations beginning this August.
Cardano's ADA is among the top performers in the past 24 hours.
Bitcoin’s price rebounded swiftly after the Monday morning dip below $64,000 and has gained over two grand since then, climbing to a monthly peak of over $66,000.
The altcoin space has turned green as well. ETH is inching closer to $1,950, XRP is testing the $1.13 resistance, while ADA has stolen the show from the larger caps.
BTC Sees Monthly Peak The previous business week began on a familiar note, as BTC priced in the weekend attacks in the Middle East and dropped below $62,000 from over $64,000. The bulls stepped up after the favorable CPI data for June, pushing the asset to $65,500 for the first time in three weeks.
However, its progress stalled there, and bitcoin dipped to $62,500 by Friday. Nevertheless, the bulls were more persistent once again and initiated an immediate recovery right before and during the weekend, in which the cryptocurrency climbed back to $64,000.
It tried to take down $65,000 on Sunday, but it was stopped and dropped once again on Monday morning. This time, it was a lot less painful, and it quickly rebounded from the daily low of $63,750.
It jumped past $65,500 earlier today before another leg up drove it to its highest price tag since June 17 at $66,300. It remains above $66,000 as of press time, and its market cap has jumped to $1.330 trillion on CG. Its dominance over the alts is also on the rise, currently at 57.2%.
BTCUSD July 21. Source: TradingView Alts Turn Green As mentioned above, green dominates almost all altcoin charts. Ethereum is challenging the $1,950 level before a potential run to $2,000. BNB has neared $580, while XRP and HYPE are up by approximately 4% daily. DOGE, ZEC, and XLM have marked similar gains, while Cardano’s native token has exploded by over 8% and now trades at a local peak of $0.175.
Impressive daily increases are evident from BCH, UNI, AAVE, DOT, and WLD. ONDO has rocketed by over 14% and sits close to $0.40.
The cumulative market capitalization of all crypto assets is up by $70 billion in a day. The metric has climbed to $2.320 trillion for the first time in a month.
Cryptocurrency Market Overview July 21. Source: QuantifyCrypto
In This Article Three Bodies Voted, All Said YesWhat the Cardano Protocol Version 11 Actually ChangesVan Rossem as a Stepping Stone to Ouroboros LeiosCardano (ADA) Price Analysis: Can $0.18 Resistance Break as Bullish Price Action Continues? Cardano activated the Van Rossem hard fork on July 18, 2026, moving the network to Protocol Version 11, as the hard fork reached Mainnet after months of testing, coordination, and governance discussions among developers, infrastructure providers, DReps, SPOs, founding entities, and the wider community.
It is a governance milestone within Cardano’s Voltaire era on-chain decision framework. Whether there is a price reaction after activation depends on broader market conditions as well as event-specific flows.
This news dropped as ADA surged nearly +10% overnight, making it one of the top-performing major cap tokens in recent days. It has a daily trading volume of $466M, a +12% uptick from yesterday.
🚨CARDANO ACTIVATES VAN ROSSEM HARD FORK, FIRST UPGRADE FULLY APPROVED VIA ON-CHAIN GOVERNANCE!
Cardano activated the Van Rossem hard fork (Protocol Version 11).
This is the first Cardano hard fork initiated, debated, and ratified entirely through the Voltaire on-chain… pic.twitter.com/5aYKfEk6Dp
— Crypto Banter (@crypto_banter) July 19, 2026
EXPLORE: The Next 1000x Crypto Gem Before It Lists on Binance
Three Bodies Voted, All Said Yes The Van Rossem hard fork initiation action was ratified on July 13, 2026, by all three governance bodies Cardano’s constitution requires. DReps, Delegated Representatives, the community-elected delegates who vote on behalf of ADA holders, approved the upgrade at 77.63% against a 60% constitutional threshold, according to the official Intersect MBO announcement.
SPOs (Stake Pool Operators – the companies and individuals running Cardano’s block-producing nodes) cleared the 51% minimum at 52.7%, a razor-thin margin that drew attention inside the community. The Constitutional Committee, a seven-member oversight body, voted 6-0-0-1: six in favor, zero against, zero abstentions, one absent.
For context on how Cardano arrived here: Van Rossem represents a governance-led milestone within Cardano’s Voltaire-era on-chain decision framework. The technical work remains essential, but the decision to proceed ultimately rests with the community’s governance bodies.
What the Cardano Protocol Version 11 Actually Changes The headline technical goal is updating the Plutus Cost Model, Cardano’s smart contract cost model that underpins how smart contract execution is priced on-chain.
The update includes increases in the cost model of some existing primitives (effective immediately after enactment) and is preferred before the hard fork to provide settings for new primitives enabled by the fork itself.
The Intersect source also notes that the protocol includes ledger-related consistency improvements and updated reference input rules, marking a huge step for Cardano’s future.
van Rossem hard fork update 🍴
The van Rossem hard fork has been successfully enacted on Cardano Mainnet! 🎉
We would like to take a moment to recognise the work of the Hard Forking Working Group to get us to this moment. Coordinating ecosystem partners, SPOs, DApps,… pic.twitter.com/SSleGfA5zE
— Intersect (@IntersectMBO) July 18, 2026
Van Rossem as a Stepping Stone to Ouroboros Leios The upgrade is part of the broader path toward Ouroboros Leios, Cardano’s planned transaction processing overhaul.
Meanwhile, broader market narratives around whale positioning and technical indicators may influence how investors interpret post-upgrade conditions.
Whether ADA reprices materially depends on what comes next: Leios testnet metrics, DeFi adoption driven by changing Plutus economics, and whether the community’s on-chain governance system, now battle-tested with a live mainnet upgrade, can continue executing without its founding company in the room.
DISCOVER: Best Meme Coin ICOs to Invest in 2026
Cardano (ADA) Price Analysis: Can $0.18 Resistance Break as Bullish Price Action Continues? $ADA
Cardano is finally trying to plant its feet after tagging the next downside target. A corrective wave 4 bounce is on the table, with room toward the $0.23 area if buyers actually show up.
The catch: the bigger bear structure still has not signed off. Until the smaller… pic.twitter.com/vinelSBn6D
— MCO Global (@moretradingonl) July 20, 2026
Cardano is trading around $0.17-$0.176, up +9% over the past 24 hours, making it one of the top performers in the market today. This move comes from a July low near $0.14-$0.15 after clearing multi-year lows earlier in the month.
The recent bounce coincides with the network’s Van Rossem hard fork, activated on July 18, which upgraded Cardano to Protocol Version 11 with faster, cheaper smart contracts and stronger node security, a milestone traders hope will translate into sustained buying interest rather than a “sell the news” event.
Technically, ADA is trading above its 20-, 50-, 100-, and 200-day moving averages, with RSI above 60 and a positive MACD, suggesting constructive short-term momentum. Near-term targets sit in the $0.188-$0.195 range if resistance breaks.
That said, longer-term fundamentals remain mixed: staking participation is among the highest in crypto, but DeFi activity, user growth, and fresh capital inflows have lagged, capping upside versus ADA’s past highs near $3.
EXPLORE: The Next 1000x Crypto Gem Before It Lists on Binance
Follow 99Bitcoins on X For the Latest Market Updates and Subscribe on YouTube For Daily Expert Market Analysis.
#Altcoin News Today
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
Cardano (CRYPTO: ADA) surges 7% in the past 24 hours, but derivatives data shows the move is being driven by a leveraged short squeeze rather than whale-backed accumulation.
What Is The Van Rossem Hard Fork And Why Does It Matter?
Cardano activated the Van Rossem hard fork on Saturday, moving the mainnet to protocol version 11, according to CoinDesk.
The upgrade lowers smart contract execution costs and lays the groundwork for Ouroboros Leios, a scaling upgrade expected later in 2026 that aims to sharply increase the number of transactions Cardano can process.
The more consequential change is who approved it. For the first time in Cardano’s history, the upgrade was initiated, debated, and ratified entirely through the network’s on-chain governance system rather than directed by Input Output, the engineering firm that built the blockchain.
Delegated representatives voted 78.97% in favor, clearing the 60% threshold required for passage.
For ADA holders, the shift means owning a token on a network where holders have a formal vote in its direction rather than taking what the founders decide to ship.
Is The Rally Built On Solid Ground?Retail traders are aggressively long on ADA, with account ratios on Binance and OKX both sitting above 2.0, meaning more than twice as many retail accounts are betting on the upside than the downside.
However, larger players are not as convinced. Top trader accounts lean bullish but their position ratio of 0.96 puts them close to neutral, suggesting whales are not driving this move with conviction.
Open interest climbed 11.5% and volume surged 71% according to Coinglass, with short positions dominating the liquidations. That combination points to a short squeeze pushing price higher rather than fresh capital flowing in from bigger buyers.
Cardano Price Breakout Targets $0.20 After Triangle BreakADA breaks above a symmetrical triangle that compressed price since the June low.
The RSI bullish divergence that printed in June has now activated, with RSI at 55.95, its strongest reading since April.
ADA reclaimed the 20-day EMA at $0.1671 and now faces the 50-day EMA at $0.1772 as the next resistance.
A confirmed daily close above $0.175 with the candle body outside the triangle validates the breakout, with the measured move targeting $0.2 to $0.2045. Losing $0.1671 flips the breakout into a fakeout.
Key levels for ADA: $0.1772 — 50-day EMA, immediate resistance to clear $0.2045 — 100-day EMA and measured move target on confirmed breakout $0.1671 — 20-day EMA, support that must hold $0.1650 to $0.1700 — triangle breakout retest zone on any pullback Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Cardano price has surged 9.3% to an intraday high of $0.176 after the Van Rossem hard fork activated Protocol Version 11, while improving risk appetite and whale accumulation have supported bullish sentiment.
Summary
Cardano price surged 9.3% after the Van Rossem hard fork activated Protocol Version 11. A 4-hour rounding bottom places $0.20 within reach if ADA clears $0.18 resistance. Whale accumulation supports the recovery, but weak DeFi activity and geopolitical risks remain. According to data from crypto.news, Cardano (ADA) price traded near $0.1745 at press time on July 21 after briefly giving back part of the advance. The token cleared the $0.166 resistance that had capped several recovery attempts during July, while daily trading volume rose as buyers returned after the weekend upgrade.
Cardano activated Van Rossem on July 18 after delegated representatives, stake pool operators, and the Constitutional Committee approved the proposal through the Voltaire governance system. As crypto.news reported, the vote secured 77.63% DRep approval, 52.7% support from stake pool operators, and six affirmative Constitutional Committee votes.
Protocol Version 11 introduced new Plutus functions, revised smart contract cost models, zero-knowledge proof support, and tighter node-security requirements. The event became Cardano’s first major protocol upgrade to complete the full proposal, debate, and ratification process through on-chain governance.
Commenting on the upgrade, Cardano delegated representative Jason Appleton described the governance process as a key part of the event.
“The best part: it was ratified on-chain by delegated community reps before activation. Upgrades by governance, not decree.”
A sustained break above $0.18 would put $0.20 within reach ADA’s 4-hour chart has developed a rounding-bottom structure from the July 13 low near $0.155. Price has since formed progressively higher lows and pushed through the pattern’s first resistance area between $0.170 and $0.173.
Cardano price has formed a rounding bottom pattern on the 4-hour chart — July 21 | Source: crypto.news The structure places its neckline at $0.20, where ADA reached a local high in early July. Before testing that level, bulls must overcome resistance around $0.177 and the three-day liquidation cluster near $0.180. A move from the current price to $0.20 would produce a further gain of roughly 14.6%.
Buying pressure has also strengthened on the 4-hour timeframe. The MACD line stands at 0.0022, above its 0.0012 signal line, while the positive histogram has expanded to 0.0010. Chaikin Money Flow remains above zero at 0.11, which confirms that net capital has entered ADA during the recovery.
Daily indicators offer a less decisive picture. The Stochastic RSI has climbed to 81.38, above its signal line at 60.13, after rebounding from neutral territory. However, the reading has entered the overbought zone and could produce a short consolidation before another attempt at $0.18.
Cardano price daily chart — July 21 | Source: crypto.news ADX sits at only 15.24 on the daily chart. Such a low reading shows that ADA has not yet established a powerful directional trend despite the sharp intraday gain. A daily close above $0.18, followed by rising ADX, would give the rounding-bottom setup firmer confirmation.
Fibonacci levels drawn from the May peak at $0.2889 to the June low at $0.1388 place immediate support at the 78.6% retracement near $0.1709. The next major resistance rests at the 61.8% level of $0.1962, just below the rounding bottom’s $0.20 neckline. A breakout there could open $0.2139 and $0.2316.
Large holders had accumulated before the hard fork. Santiment data showed that wallets with 100,000 to 100 million ADA held 25.6 billion tokens, their largest balance since February 2023. Smaller wallets holding fewer than 100 ADA reduced their combined balance by about 0.7% over four months.
Derivatives traders also increased exposure before the upgrade. Cardano futures open interest rose from $385 million to $445 million between Monday and Thursday, while the funding rate turned positive at 0.0042%, according to CoinGlass data. Positive funding means long traders are paying shorts, though excessive leverage could increase liquidation risk.
The three-day liquidation heatmap places the nearest large short cluster between $0.179 and $0.180. A break through that area could force bearish positions to close and accelerate the move toward $0.196. Below the market, concentrated long liquidations sit near $0.172, $0.169, $0.165, and $0.160.
Cardano liquidation heatmap | Source: CoinGlass Global markets supplied another tailwind. South Korea’s Kospi gained 3.6%, Japan’s Nikkei rose 3.3%, and Taiwan’s Taiex advanced 4.2% as semiconductor shares recovered from last week’s sell-off, according to the Associated Press. Bitcoin’s return above $66,000 also directed fresh demand toward high-beta altcoins.
Loss of $0.169 would weaken the recovery setup Cardano’s bullish case depends first on the $0.170 Fibonacci level and the former breakout zone around $0.169. A daily close below that region would place ADA back inside its July range and expose the 4-hour rounding bottom to invalidation.
Further selling could pull the token toward $0.165, followed by $0.160 and the pattern floor near $0.155. A break below $0.155 would erase the sequence of higher lows, while the June bottom at $0.138 would become the next major support.
Cardano’s fundamentals still present a separate risk. DeFiLlama data places network total value locked near $86 million, far below the capital held by competing layer-1 networks. Van Rossem must lead to measurable growth in users, transactions, and locked capital for the upgrade’s price impact to last.
Security concerns have also returned after a Wanchain-linked Cardano bridge exploit drained about 515 million NIGHT tokens worth roughly $9 million, crypto.news reported. Although the incident did not compromise Cardano’s base layer, further ecosystem losses could hurt developer and investor confidence.
Oil prices and the U.S.-Iran conflict remain the primary macro threats. Renewed strikes or disruption around the Strait of Hormuz could lift energy costs, revive inflation fears, and reduce demand for speculative assets. Under those conditions, ADA could lose $0.169 before the rounding bottom reaches its $0.20 neckline.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Cardano holders are looking for fresh growth stories after the network’s latest governance-led upgrade put utility back in focus across the market. The recent Cardano hard fork has renewed discussion around long-term blockchain development, but many investors are also watching newer projects that can show more direct product progress before launch.
Remittix is becoming one of those names. The project has now passed $31 million in its presale, its PayFi platform has been fully developed and tested by members of the community, and the RTX ecosystem is expanding with Remittix Markets, its new perpetual futures trading platform.
Cardano Hard Fork Keeps Utility Debate Alive Table of Contents
Cardano Hard Fork Keeps Utility Debate AliveRemittix Targets The $19 Trillion Payments OpportunityRemittix Markets Adds A Second Growth LayerRTX Launch Date Reveal Moves CloserFAQ Cardano activated its Van Rossem hard fork on July 18, moving the network to Protocol Version 11 through decentralized on-chain governance. The upgrade was reported as Cardano’s first protocol upgrade approved and executed entirely through its on-chain governance system, keeping the network within the existing Conway ledger era rather than moving into a new era. Cardano’s official hard fork history also lists Van Rossem as Protocol Version 11 and says it introduces the second batch of decentralized governance features under CIP-1694.
That keeps Cardano relevant for investors focused on infrastructure and governance. But while Cardano news is centred on protocol development, Remittix is aiming at a more immediate user problem: making crypto easier to send into real bank accounts.
Remittix Targets The $19 Trillion Payments Opportunity Remittix is building its strongest case around PayFi.
The project’s crypto-to-fiat platform is designed to let users send crypto to any bank account in the world, while the recipient receives fiat directly. This solves one of crypto’s biggest everyday problems. Users can buy, hold and trade digital assets easily, but turning crypto into bank-ready payments can still involve exchanges, withdrawals, conversions and delays.
Remittix is targeting that gap by connecting crypto with traditional payment rails. The global payments industry is often described as a $19 trillion opportunity, and Remittix is positioning RTX around a simple idea: make crypto usable for real payments without forcing recipients to handle crypto themselves.
The most important point for new investors is product progress. The Remittix PayFi platform is now fully developed and has already been tested by members of the community, giving the project a stronger foundation than many presale tokens built only around future promises.
Remittix Markets Adds A Second Growth Layer Remittix has also revealed Remittix Markets, its new perps trading platform.
This expands the RTX ecosystem beyond payments and gives the project another route for growth. PayFi gives Remittix its real-world utility angle, while Remittix Markets adds trading activity, trader engagement and exposure to the booming perpetual futures sector.
That combination is why Remittix is starting to stand out. It is not only building a payments platform. It is building a broader RTX ecosystem around PayFi, perps and future product expansion.
RTX Launch Date Reveal Moves Closer Remittix has now passed $31 million in its presale and is moving toward the $32 million milestone, where the official launch date is expected to be revealed.
For Cardano holders looking beyond infrastructure upgrades and searching for newer utility-led growth stories, Remittix offers a very different setup. Cardano is building long-term governance. Remittix is building a direct crypto-to-fiat payments product with trading utility added before launch.
As the $32 million milestone approaches, RTX is becoming one of the PayFi projects investors are watching closely.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittixpresale.io
FAQ Why is Cardano in the news right now?
Cardano is in the news after its Van Rossem hard fork moved the network to Protocol Version 11 through decentralized on-chain governance.
What problem does Remittix solve?
Remittix is designed to let users send crypto to bank accounts globally, while recipients receive fiat directly.
How much has Remittix raised so far?
Remittix has now passed $31 million in its presale, with the official launch date expected to be revealed once it reaches $32 million.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
The bridge connecting Cardano’s ecosystem to the privacy blockchain Midnight has been hit by an exploit that drained roughly 515 million NIGHT tokens from its treasury. Within hours of the detection, the token dropped more than 30% intraday to around $0.016, setting a new all-time low. At current prices, the stolen tokens are worth approximately $9 million. The original report by BlockSec’s Phalcon monitoring flagged the unusual outflow on the Wanchain Cardano bridge and pointed to a specific validator design flaw that attackers likely leveraged.
How the Exploit Worked Initial analysis suggests the root cause lies in non-injective signed-message encoding inside the TreasuryCheck validator. This kind of encoding can allow signature reuse attacks, where a valid signature for one transaction is replayed to authorize another, unauthorized transfer. In bridge architectures that rely on validator signatures to confirm cross-chain withdrawals, a single slip in message construction can break the trust model completely.
The exploit emptied the bridge treasury, not individual user wallets. Yet the indirect hit arrived fast: holders of NIGHT faced immediate dilution and a rush to exit. Liquidity on decentralized and centralized venues thinned as the token slid to levels never seen before.
NIGHT’s Record Low and What It Means NIGHT is the native token of Midnight, a privacy-focused blockchain incubated by Input Output (IO), the company behind Cardano. The project has been pitched as a confidential-computing sidechain where zero-knowledge proofs protect user data. Bridge infrastructure is essential for moving assets between Cardano and Midnight, so the exploit strikes at a core piece of the interoperability design. The token’s collapse highlights how fragile liquidity can be when a bridge—often the primary on/off-ramp for a smaller ecosystem’s asset—is compromised.
Traders who entered early Midnight allocations are now sitting on a position that lost a third of its market value in one day. While the stolen sum of $9 million may seem modest compared to nine-figure bridge hacks from previous cycles, the damage to confidence may end up costing the project more.
Bridge Risks Across Cardano’s Expanding Surface The timing is uncomfortable for the broader Cardano ecosystem. Even as developer activity on the network stays among the strongest in the industry—something BlockchainReporter recently tracked—the bridge layer continues to present an unresolved attack surface. Bridges remain the most-attacked infrastructure in crypto, and the Cardano ecosystem, with its growing number of sidechains and connected networks, inherits that risk.
Cross-chain security has become an even more urgent topic as real-world asset tokenization expands. The latest tokenization figures show on-chain RWA value crossing $20 billion, a milestone that means bridges are no longer only moving speculative tokens—they are moving tokenized equities, bonds, and credit. A signature reuse flaw on a bridge that touches such assets would have far more severe consequences.
For now, the focus is on the Wanchain team and Midnight developers to clarify whether funds can be frozen or recovered and how the validator code will be patched. The market, meanwhile, has already repriced the risk. NIGHT’s recovery prospects depend on a transparent post-mortem and convincing technical remediation. Until then, the token is likely to trade under a cloud of uncertainty.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Cardano (ADA) is currently hovering near a historically significant support area on its higher time-frame charts, with recent data indicating that its price stands at approximately $0.16. Despite a modest recovery attempt from recent lows, the token has slipped 1.88% over the past day, according to Brave New Coin data, remaining confined between the $0.14–$0.15 support band and primary resistance at $0.224–$0.236.
Key Support Holds Amid Selling PressureMultiple independent technical charts track ADA’s movement just above a central weekly demand zone, an area which has consistently absorbed downward pressures in recent months. The $0.1677 level stands out as a key demand point, with lower support identified at $0.1503 and $0.1064. Analysts highlight that while ongoing selling persists, each downturn into lower price territory is drawing less follow-through than prior declines. This change often points to seller fatigue and growing accumulation by buyers.
The analyst known as The Boss identifies several upside resistance bands, notably at $0.2242, $0.3136, $0.3825, and $0.4488. A continued hold above the demand zone, along with a potential reclaim of the $0.224 territory, is viewed as essential for supporting a meaningfully stronger recovery. Persistent weakness below $0.1503 could undermine the market structure and set the stage for a further drop to $0.1064.
Analysts observe that Cardano’s support zones continue to absorb selling, but highlight that reclaiming $0.224 remains a critical hurdle for any possible sustained price recovery.
Support LevelResistance Level$0.14–$0.15$0.224–$0.236$0.1064$0.3136$0.3825, $0.4488Weekly RSI Hits Rare LowsTechnical charts illustrate that Cardano’s weekly Relative Strength Index (RSI) has dropped into one of the most oversold zones on record. This technical indicator, often used to gauge trend intensity, now points to heightened bearish momentum, with $0.14 acting as immediate support and $0.236 as the first significant recovery barrier. Quantum Ascend, a market analyst, notes that deeply oversold RSI values do not guarantee a swift rebound, but they can often signal that downside momentum is overextended and risk-to-reward ratios start favoring buyers.
Maintaining a position above $0.14 is viewed as crucial to preserving the current bottoming pattern for ADA. A drop beneath this level could open the door to the next substantial accumulation zone near $0.10. Conversely, a move reclaiming $0.236 would be the clearest sign of a broader trend reversal taking place.
Bullish Pattern Signals Possible ReversalThe crypto analyst CryptoJack has pointed out an emerging inverse head-and-shoulders formation in ADA’s recent price action. This bullish reversal pattern consists of three key swings: a left shoulder, a head, and a right shoulder, currently forming in the $0.16–$0.17 region. However, the pattern remains unconfirmed, as ADA has yet to break above the neckline marked by recent swing highs. A confirmed breakout would strengthen prospects for upward momentum targeting the $0.18–$0.19 and then the $0.224–$0.236 resistance zones.
If ADA surpasses these levels, the next visible resistance levels become $0.3136, followed by $0.3825 and $0.4488, as identified on higher time-frame charts.
Mini dictionary: Inverse head-and-shoulders — A technical analysis pattern signaling potential trend reversal, characterized by a series of three price troughs with the middle one (head) being the lowest and flanked by two higher lows (shoulders).
Current Market MetricsBrave New Coin data lists Cardano’s market capitalization at approximately $6.07 billion, with around $188 million in daily trading volume. The token’s recent price action shows modest recovery from intra-day lows, but the broader trend remains subdued given prevailing selling pressure in the market.
The stability of Cardano’s price in this zone suggests buyers are active near support, but market participants await further confirmation before signaling a major uptrend.
MetricCurrent ValuePrice$0.16Market Cap$6.07 billionDaily Volume$188 millionOutlook for Recovery in 2026Market participants are closely monitoring Cardano for any break above the $0.18–$0.19 zone. A successful push through the $0.224–$0.236 band, a level supported by several technical studies, could pave the way for sustained recovery towards $0.31 and potentially higher later in 2026.
Until Cardano can reclaim its higher resistance targets, analysts continue to treat its current movement as a potential bottoming process, emphasizing the need for caution until confirmation of a trend reversal emerges.
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.
While the leading cryptocurrency Bitcoin has climbed above $66,000 with the upward momentum it has gained in recent days, the picture also looks positive for altcoins.
However, Santiment warns against the rise in the short term for BTC and some major altcoins.
In this context, the cryptocurrency analysis platform Santiment examined MVRV ratios. As recovery signals for BTC and altcoins strengthen, the 30-day MVRV ratio of the cryptocurrencies with the highest market capitalization has risen back above the neutral level.
According to Santiment, major cryptocurrencies, including Bitcoin (BTC), Ethereum, and XRP, have entered profit-taking territory in the last 30 days. This indicates that investors who bought BTC, ETH, XRP, Cardano (ADA), and Chainlink (LINK) in the last 30 days have made a slight profit rather than incurring losses.
Santiment analysts believe that the recovery is driven by lower-than-expected inflation data, increased risk appetite in global markets, and renewed demand for spot Bitcoin ETFs.
While the MVRV ratio entering positive territory is considered a positive development, Santiment warned that this could trigger increased selling pressure in the short term due to profit-taking. This means that even if prices continue to rise, selling pressure could intensify.
According to Santiment, positive MVRV data supports the idea that the recovery is progressing healthily, but if the upward momentum weakens, short-term investors may want to realize their profits, increasing price volatility.
“…Positive MVRVs tell us that the recovery is real, while also reminding bulls that short-term gains could lead to faster sell-offs if momentum starts to cool.”
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
A recent analysis has identified that Cardano is trending within a descending wedge, and a breakout could take the altcoin to $0.60.
Specifically, Crypto Banter’s Sheldon shared this Cardano (ADA) price analysis in a recent YouTube livestream. The analysis projected when ADA could break out of its current descending wedge to target higher prices.
Cardano In a Descending Wedge Sheldon analyzed the 1-week ADA/USDT chart and highlighted the asset’s trend within a “very good” descending wedge. The structure’s lower support began forming from the October 10 crash low of $0.27. Meanwhile, the upper resistance started to take shape after the early December high of $0.48.
Cardano has persistently slid lower within this wedge, shuffling between the descending upper and lower boundaries. Notably, the lower support provided a strong cushion during its recent multi-year level retest. For context, ADA dropped to 2020 lows of $0.138 in June as bearish pressure intensified.
However, the wedge’s support stood strong again, sparking a 27% rebound to its current price at $0.175. Currently, the altcoin is nearing the upper resistance of the multi-month wedge.
Cardano Descending Wedge/Sheldon Cardano Breakout Targets $0.5-$0.6 Notably, Sheldon highlighted $0.20 as a key level to watch if the recent resurgence persists. According to him, reclaiming and trading above this region is key. Notably, it confirms a breakout from the current wedge. From here, reclaiming levels above $0.20 requires at least a 14% increase from the current market price.
When this does happen, the analyst predicted a nice move towards the $0.50-$0.60 region, representing a 186% to 243% growth from the current price. The target aligns with price levels last seen in November 2025.
Sheldon went a step further to predict when this breakout could occur. Although ADA seems to be regaining bullish momentum, he sees the descending wedge trapping the altcoin until around September this year. This aligns with the strengthening narrative that the broader crypto market would start to sustainably recover in the last quarter of 2026.
Meanwhile, Sheldon sees the current Cardano price level appealing. He noted that it is a “good trade coming on Cardano,” particularly if it starts to move towards $0.20.
Short-Term ADA Target Is $0.25 In a separate analysis, Cardano SPO Ssebi identified an inverse head-and-shoulders pattern on the daily timeframe. The left shoulder formed at the June 6 low of $0.148, the head at $0.138 on June 25, and the right shoulder at $0.155 on July 13.
Cardano Inverse H&S Pattern/Ssebi According to the analyst, the target for this setup is $0.25, representing a 43% increase from the current market price.
Notably, the bullish development hinges on Cardano continuing to trend upward and avoiding a break below levels around the right shoulder. This means that a daily close below $0.155 could invalidate this pattern.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Tether advisor Gabor Gurbacs breaks down why $65,000 Bitcoin is structurally lightyears ahead of 2021's leverage-heavy top.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
His main argument is that the price has remained the same, but the internal structure of the market has been completely transformed.
While the 2021 all-time high was driven by pure hype, regulatory uncertainty, and excessive leverage, by July 2026 the landscape had changed beyond recognition, with spot ETFs, interbank gateways for institutional investors, and clear rules established by governments.
HOT Stories
Bitcoin price chart with recent post from Gabor Gurbacs, Source: TradingViewAccording to Gurbacs, once the market clears out the remaining leveraged speculators, real price discovery will begin.
Why institutional players want $65,000 BitcoinData from the SoSoValue analytics platform supports the Tether adviser's view and closely reflects actual financial flows:
Funds are buying the sideways market: Major capital is methodically accumulating during the current consolidation. During the July 20 trading session, spot Bitcoin ETFs recorded net inflows of $226.92 million, with these purchases taking place while Bitcoin traded at $65,142.Five-day buying rally: Institutional investors are showing consistent interest after closing every session last week with positive inflows ranging from $79 million to $181 million per day. June's outflows have now been fully offset.Capital base: Total net assets under management in Bitcoin ETFs have approached $79.16 billion.Bitstamp's technical chart shows that after the spring correction from the peak near $126,000, Bitcoin found a solid bottom in the $55,700–$58,200 zone. The asset is now holding around $64,210, while indicators, including the daily RSI, suggest that buyers are taking control.
You Might Also Like
The main conclusion from the current news flow is that the $64,000–$65,000 range is no longer the "dangerous peak" it appeared to be five years ago. For Wall Street, it is now a comfortable accumulation zone and a new reinforced foundation from which major capital is preparing to push the market higher.
A proposed merger of three crypto firms has been scrapped, with one of their leaders stepping down and another consolidating power across the Tether-backed franchise.
Twenty One Capital, Strike and Elektron Energy no longer plan to combine, according to details the companies shared with Bloomberg News. Jack Mallers — the chief executive officer of Twenty One Capital and Strike, and a prominent name in crypto circles — has stepped down from his role at Twenty One Capital, while Elektron CEO Raphael Zagury is taking over that position.
Trump: Iran is eager to meet, but we are not interested.
US President Trump said that Iran is eager to meet, but the US has no interest in holding a meeting until Iran is ready.
7 minutes ago
Apple to launch "upgrade" device rental program to boost sales
Apple (AAPL.O) is launching an "upgrade" device leasing program to boost sales, covering iPhone, iPad, Mac, and Apple Watch.
7 minutes ago
NVIDIA: Major Clients Have Begun Testing Vera Rubin Devices
According to Bloomberg, NVIDIA has announced that its key clients have started testing its Vera Rubin devices. The chipmaker added that its new Vera processor outperforms AMD’s Turin, and that the chips are being delivered on schedule for use in AI data centers.
7 minutes ago
Iran's Revolutionary Guard hits U.S. military radar in Kuwait.
According to Iran's Press TV, Iran's Revolutionary Guard hit a U.S. military radar at Kuwait's Al Jaber Base.
7 minutes ago
Liang Wenfeng’s Huanfang and Jiuzhang secure the largest share in Changxin Technology’s private placement new share offering, with 113 private equity firms receiving allocations.
The preliminary offline placement results for Changxin Technology show that a total of 2,459 products under 113 private equity firms secured offline placements in the company, with a total of 161 million shares allocated, amounting to 1.436 billion yuan. The announcement notes that offline institutional investors are divided into Category A (public funds, social security funds, pension funds, enterprise annuities, bank wealth management products, insurance companies, QFIIs) and Category B (private equity firms, broker-dealer proprietary trading, trusts, financial companies, etc.). Category A investors, dominated by public funds, received 1.978 billion shares, accounting for 91% of the total offline issuance; while Category B investors, led by private equity firms, secured 196 million shares, making up only 9% of the total offline issuance. Among the private equity placement list, the top ten by number of placement objects are all leading quantitative private equity firms. Shanghai Yanfu has a total of 282 placement objects allocated, ranking first among private equity firms; Century Front, Jiukun Investment, Shanghai Chengqi, and Huanfang Quant have 209, 194, 167, and 153 placement objects respectively; Lingjun Investment, Shanghai Jinde, and Minghong Investment also have over 100 allocated products each, at 107, 105, and 100 respectively. Notably, Liang Wenfeng, founder of DeepSeek and a prominent private equity figure, took the largest share among private equity placements. Public information shows that the actual controllers of two leading 100-billion-yuan private equity firms, Ningbo Huanfang Quant and Zhejiang Jiuzhang Asset Management, are both Liang Wenfeng. This means that through his two private equity firms, Liang Wenfeng has a total of 194 private equity products allocated, with a total of 20.2497 million shares secured, amounting to approximately 175 million yuan. (The Paper)
7 minutes ago
Pump.fun launches BOOST mode, aiming to re-inject permanently locked liquidity into the token market.
Meme coin launch platform pump.fun has announced the launch of its new BOOST mode, set as the default launch mechanism for all new Pump.fun tokens moving forward. The feature is designed to address the long-standing "dead liquidity" problem during token migrations, using a buyback and burn mechanism to re-inject liquidity that was previously permanently locked back into the token market. Pump.fun noted that over $100 million in liquidity is permanently lost annually during token migrations, with these funds no longer available to support market liquidity. Historically, roughly 20% of liquidity remains stuck in liquidity pools (LPs) for every token that completes migration — even after all traders sell their positions, some funds stay locked in the pools permanently. BOOST mode will leverage this trapped liquidity to re-inject into the market via an automatic buyback mechanism within 5 minutes of each token migration completion. Specifically, BOOST will execute buybacks using a post-migration time-weighted average price (TWAP) and automatically burn the purchased tokens. For SOL trading pairs, 17.6 SOL will be injected, while USDC trading pairs will receive $2,516 in funds. The mechanism requires no manual activation from users: all new Pump.fun tokens that complete migration after 10:23 AM Eastern Time (ET) on July 21 will automatically enable the BOOST configuration. Tokens migrated prior to this date or issued via the Mayhem platform do not include the feature. The upgrade aims to improve trading experiences and enhance the long-term utilization efficiency of liquidity within the ecosystem.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
USDT, the stablecoin that essentially functions as crypto’s version of the US dollar, just got a lot lighter. Tether’s flagship token has seen its market capitalization drop by approximately $5.4 billion over the past 60 days, falling from a peak near $190 billion in May 2026 to roughly $184 billion as of late July.
The numbers behind the decline As of July 21, 2026, Tether reports USDT net circulation at approximately $184.14 billion, a figure corroborated by analytics platforms including CoinGecko and DeFiLlama. The token peaked near $190 billion in May, meaning the total drawdown is closer to $6 billion when measured from that high-water mark.
The broader stablecoin market has contracted by roughly $10 billion since its May peak, with a $7.7 billion decline logged in June alone. That means USDT and its closest competitor USDC account for a significant chunk of the overall pullback.
Advertisement
Earlier this year, USDT experienced a comparatively modest $1.5 billion supply drop in February. The current multi-month trend represents one of the most significant sustained pullbacks since the turbulent 2022-2023 period.
Tether’s financial health tells a different story Tether posted a Q1 2026 profit of $1.04 billion and maintains a reserve buffer of $8.23 billion above and beyond its token obligations.
The company still commands roughly 58% of the total stablecoin market, which stood at around $321 billion as of April 2026 data. Even after shedding billions in supply, USDT remains the undisputed heavyweight of the stablecoin world.
What this means for investors A $5.4 billion decline in USDT supply over 60 days is worth monitoring but not necessarily alarming in isolation. The broader stablecoin market still sits well above $300 billion, and Tether’s financial position remains robust by any reasonable measure.
For traders actively positioning in crypto markets, the practical takeaway is straightforward: watch stablecoin flows as closely as you watch price charts. The $184 billion figure for USDT is still enormous by any historical standard.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported.
A proposed merger involving Tether-backed crypto companies Twenty One Capital, Strike and Elektron Energy has reportedly been scrapped.
Jack Mallers will step down as CEO of Twenty One Capital while remaining CEO of Strike, according to Bloomberg. Elektron Energy CEO Raphael Zagury has been appointed to succeed Mallers.
Strike will continue operating as a standalone company instead of combining with Twenty One Capital. Discussions between Twenty One and Elektron are continuing, Bloomberg reported. Tether holds majority stakes in both companies.
Twenty One’s (XXI) NYSE-traded shares were little changed in Tuesday’s premarket activity.
As Cointelegraph reported in April, Tether said it planned to vote in favor of a proposed merger between Twenty One Capital and Mallers’ Bitcoin payments company, Strike. The proposal also envisioned merging the combined company with Bitcoin miner Elektron Energy.
Twenty One Capital launched in 2025 with backing from Tether, Cantor Fitzgerald and SoftBank. Tether bought SoftBank’s stake in the company in May.
Twenty One held 43,514 Bitcoin at the time of writing, making it the world’s second-largest corporate BTC holder behind Michael Saylor’s Strategy, according to tracking website BitcoinTreasuries.
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.
Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported.
A proposed merger involving Tether-backed crypto companies Twenty One Capital, Strike and Elektron Energy has reportedly been scrapped.
Jack Mallers will step down as CEO of Twenty One Capital while remaining CEO of Strike, according to Bloomberg. Elektron Energy CEO Raphael Zagury has been appointed to succeed Mallers.
Strike will continue operating as a standalone company instead of combining with Twenty One Capital. Discussions between Twenty One and Elektron are continuing, Bloomberg reported. Tether holds majority stakes in both companies.
Twenty One’s (XXI) NYSE-traded shares were little changed in Tuesday’s premarket activity.
As Cointelegraph reported in April, Tether said it planned to vote in favor of a proposed merger between Twenty One Capital and Mallers’ Bitcoin payments company, Strike. The proposal also envisioned merging the combined company with Bitcoin miner Elektron Energy.
Twenty One Capital launched in 2025 with backing from Tether, Cantor Fitzgerald and SoftBank. Tether bought SoftBank’s stake in the company in May.
Twenty One held 43,514 Bitcoin at the time of writing, making it the world’s second-largest corporate BTC holder behind Michael Saylor’s Strategy, according to tracking website BitcoinTreasuries.
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.
Tether-controlled Twenty One Capital (XXI) appointed Raphael Zagury as the new CEO, replacing Jack Mallers who is returning to focus on bitcoin financial services company Strike.The proposed three-way merger between Twenty One Capital, Strike, and Elektron Energy has been abandoned, with Strike no longer participating.Twenty One Capital is now weighing a potential two-way combination with Elektron Energy as it revises its corporate strategy.Tether-controlled Twenty One Capital (XXI) named Raphael Zagury as CEO, replacing Jack Mallers, and dropped Strike from a proposed three-way merger, the companies said.
Mallers stepped down effective July 20 to focus on Strike, the bitcoin payments firm he founded. Strike will remain independent and is no longer being considered for a business combination with Twenty One, according to a press release.
Tether, Twenty One's controlling shareholder, confirmed the changes in a separate announcement.
Tether proposed combining Twenty One, Strike and Elektron in April, seeking to place bitcoin treasury, financial services and mining under one listed company.
Twenty One's revised strategy will focus on acquiring operating businesses, expanding capital markets capabilities and developing bitcoin-backed lending.
XXI is little changed in pre-market trading.
CoinDesk has reached out to all three companies, but hasn’t heard back at the time of writing.
12345678910
TRON Network - Q2 2026
TRON Network - Q2 2026
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
2 hours ago
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
Why it matters:
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
A proposed merger of three crypto firms has been scrapped, with one of their leaders stepping down and another consolidating power across the Tether-backed franchise.
Twenty One Capital, Strike and Elektron Energy no longer plan to combine, according to details the companies shared with Bloomberg News. Jack Mallers — the chief executive officer of Twenty One Capital and Strike, and a prominent name in crypto circles — has stepped down from his role at Twenty One Capital, while Elektron CEO Raphael Zagury is taking over that position.
Strike intends to remain a standalone company, according to a statement. ...
Learn more about Bloomberg Law or Log In to keep reading: See Breaking News in Context Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber? Log in to keep reading or access research tools and resources.
The US Treasury just proved, again, that stablecoins on public blockchains are not exactly the untraceable getaway vehicle some sanctioned regimes hoped they’d be. The Office of Foreign Assets Control (OFAC) sanctioned four Tron blockchain wallets linked to Iran’s Central Bank, Bank Markazi, freezing over $130 million in digital assets, primarily USDT.
The wallets were tied to financial activities associated with Iran’s Islamic Revolutionary Guard Corps (IRGC). Tether, the company behind USDT, coordinated directly with OFAC to freeze approximately $131 million across the four addresses, which had cumulatively received more than $165 million in stablecoins before the hammer dropped.
A pattern of escalating financial pressure Back in April 2026, OFAC froze $344.2 million in two separate wallets also linked to the Central Bank of Iran. Then in June 2026, the US imposed sanctions on major Iranian digital asset exchanges, including Nobitex and Bitpin. Now this latest action in mid-July adds another $131 million to the frozen pile.
Advertisement
In roughly three months, US authorities have immobilized nearly half a billion dollars in crypto assets connected to Iranian state financial infrastructure.
Iran has built a digital asset ecosystem estimated at around $7.8 billion, with Nobitex alone handling more than 50% of the country’s crypto inflows in 2025.
Why Tron and USDT keep showing up Tron offers low transaction fees and fast settlement times. USDT provides dollar-denominated stability without needing a US bank account. For entities under sanctions, that combination is irresistible.
USDT has a built-in kill switch. Tether, as the centralized issuer, has the technical capability to freeze any USDT held at a specific wallet address. When OFAC designates an address, Tether can and does blacklist it, rendering the tokens unmovable. This is fundamentally different from, say, holding Bitcoin or Ether, where no single entity can freeze your funds.
What this means for investors The immediate market impact of freezing $131 million is negligible in the context of USDT’s total supply, which sits well north of $100 billion.
For exchanges, the June 2026 sanctions against Nobitex and Bitpin were a message to every exchange in every jurisdiction: know your customer, or become the next target.
Traders and investors holding USDT should understand the trade-off they’re making. Centralized stablecoins offer stability and liquidity, but they also offer a single point of regulatory control. USDT is fundamentally a permissioned asset, not a permissionless one, regardless of which blockchain it sits on.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A deal that was supposed to reshape the public Bitcoin company landscape is dead. The proposed three-way merger involving Twenty One Capital, Strike, and Elektron Energy has been officially canceled, Bloomberg reported on July 21, 2026.
Jack Mallers, who had been serving as CEO of Twenty One Capital while simultaneously running Strike, has resigned from the Twenty One role. Raphael Zagury, previously CEO of Elektron Energy, steps into Mallers’ former seat. Strike, meanwhile, walks away entirely and continues as a standalone company.
What the deal was supposed to be The merger was first floated at the end of April 2026, roughly three months before it fell apart. The idea was to combine three distinct but complementary operations: Twenty One Capital’s publicly listed Bitcoin treasury structure, Strike’s payments infrastructure, and Elektron Energy’s mining operations.
Advertisement
Tether had proposed backing the combined entity with $2.1 billion in fresh credit, a number that would have given the merged company serious firepower for Bitcoin accumulation and operational scaling. Twenty One Capital trades on the NYSE under the ticker XXI and had already attracted backing from SoftBank and Cantor Equity Partners.
No specific financial terms or formal timelines for the merger were publicly disclosed before it was called off. What was disclosed, on July 21, 2026, was that it was over.
Why this matters beyond the headline Mallers returning full-time to Strike signals where he sees the actual opportunity. Strike is a payments company built on Bitcoin’s Lightning Network, and running a public company simultaneously was always a stretch. He’s back to one job.
Putting Zagury in charge of Twenty One Capital is a notable pivot. He came up through Elektron Energy, which is a mining-side business, a very different operational culture than payments or treasury management.
The $2.1 billion Tether credit line that was supposed to anchor the deal is now, presumably, undeployed in this context. The Bloomberg report notes that preliminary discussions between Twenty One Capital and Elektron Energy may still proceed at some point, meaning this isn’t necessarily a permanent severance between those two entities.
What investors should be watching The merger’s failure also puts a spotlight on a broader question: are public Bitcoin treasury companies actually better as consolidated entities, or do they perform better with focused, single-mandate operations? Twenty One Capital’s original pitch was similar to Strategy, formerly MicroStrategy, which built its reputation by doing exactly one thing relentlessly. Layering in mining and payments via merger introduced complexity that, apparently, wasn’t worth the tradeoff.
The fact that this one unraveled in under three months suggests the friction was significant, even if the specific reasons haven’t been publicly detailed.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Strike founder is leaving the Tether-controlled treasury company after a board disagreement, as a proposed three-way merger with Strike and Elektron Energy collapses.
Original Image Credit: JP 3D / Shutterstock.com
Posted July 21, 2026 at 11:12 am EST.
Bitcoin financial-services company Strike founder Jack Mallers has stepped down as chief executive of Twenty One Capital, the Tether-controlled treasury company he helped launch. In a video statement posted to X, Mallers said he had decided to leave to return to Strike.
Mallers tied his departure to a disagreement over direction, saying that over time “the board and I did not agree on the path toward building for that vision.” He described the split as amicable, saying no one had acted in bad faith.
Twenty One said its board appointed Raphael Zagury, founder and chief executive of Bitcoin miner Elektron Energy and an existing company director, as CEO effective July 20. Zagury and Mallers are working together on an orderly transition, Twenty One said.
Tether’s Three-Way Merger Falls Apart The leadership change came alongside confirmation that Strike is pulling out of Tether Investments’ proposed three-way merger folding Twenty One, Strike, and Elektron into a single listed platform spanning treasury, mining, financial services, and capital markets. Twenty One now says Strike will stay independent and is off the table as a merger partner. A two-way tie-up with Elektron stays under evaluation but at a preliminary stage, with no assurance it closes.
Twenty One, meanwhile, outlined a refreshed strategy centered on operating businesses, disciplined capital allocation, and Bitcoin-backed lending.
“My job is to build the operating company around it, with the discipline, governance, and executional rigor of an institution,” Zagury said in a statement shared by Twenty One. “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.”
Related Listen: Why Cap Cuts Its Stabledrop Rewards From $11M to $4M: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Bir dönem kripto para piyasasının en popüler Layer 1 projeleri arasında gösterilen Zilliqa (ZIL), yaşanan güvenlik ihlaliyle yeniden gündeme geldi. Proje ekibi, borsa ortaklarından birinin siber saldırıya uğradığını ve soğuk cüzdanda saklanan ZIL varlıklarının çalındığını doğruladı. Güvenlik ihlalinin ardından olası ek kayıpların önüne geçmek amacıyla tüm kripto para borsalarına ZIL yatırma ve çekme işlemlerini geçici olarak durdurmaları yönünde çağrı yapıldı. Olayın kapsamı henüz netlik kazanmazken, yatırımcılar hem çalınan fonların akıbetine hem de soruşturmadan gelecek resmi açıklamalara odaklanmış durumda.
Zilliqa Güvenlik İhlalini Doğruladı Zilliqa tarafından yapılan resmi açıklamada, borsa ortaklarından birinin güvenlik ihlaline maruz kaldığı ve saldırganların soğuk cüzdanda tutulan ZIL varlıklarına erişim sağladığı belirtildi. Proje ekibi, olayın kapsamının henüz tam olarak belirlenemediğini ve güvenlik ihlalinin nedeninin araştırıldığını ifade ederken, ilgili taraflarla koordineli şekilde çalışmaların sürdüğünü açıkladı. Yaşanan güvenlik ihlalinin ardından Zilliqa ekibi, çalınan varlıkların hareket ettirilmesini önlemek amacıyla tüm kripto para borsalarından ZIL yatırma ve çekme işlemlerini geçici olarak askıya almalarını talep etti.
İlginizi Çekebilir: Bitcoin 65 Bin Dolarda Takıldı: Gözler Yeni Zirvede!
Bu adımın, olası ek kayıpların önüne geçmek ve çalınan fonların izlenmesini kolaylaştırmak amacıyla atıldığı belirtildi. Şirket, saldırıya uğrayan borsa ortağının ismini ve çalınan ZIL miktarını henüz kamuoyuyla paylaşmadı. Yetkililer, soruşturmanın devam ettiğini ve doğrulanmamış bilgilerin paylaşılmasının süreci olumsuz etkileyebileceğini ifade etti.
“Soruşturma aktif olarak devam ediyor. Doğrulanmış bilgiler elde edildikçe yeni güncellemeler paylaşacağız. Kullanıcıların yalnızca resmi Zilliqa kanallarından yapılan açıklamaları takip etmeleri önem taşıyor.”
Bithumb Daha Önce de ZIL İşlemlerini Durdurmuştu Güney Kore merkezli kripto para borsası Bithumb da yaşanan güvenlik endişelerinin ardından ZIL yatırma ve çekme işlemlerini geçici olarak askıya aldığını duyurdu. Bu gelişme, saldırının etkilerinin yalnızca tek bir platformla sınırlı kalmayabileceğine yönelik endişeleri artırırken, yatırımcılar soruşturmadan gelecek yeni açıklamalara odaklandı. Güvenlik ihlalinin duyurulmasının ardından ZIL fiyatında kısa süreli bir satış baskısı görüldü. Ancak panik satışlarının azalmasıyla birlikte altcoin kayıplarının bir bölümünü geri almayı başardı. Analistler, soruşturmanın sonucuna ve çalınan fonların durumuna ilişkin yapılacak resmi açıklamaların ZIL fiyatının kısa vadeli yönü üzerinde belirleyici olacağını ifade ediyor.
Değerlendirme Zilliqa ekosisteminde yaşanan güvenlik ihlali, yatırımcıların güvenlik risklerine yönelik endişelerini yeniden gündeme taşıdı. Proje ekibinin borsalara yaptığı geçici işlem durdurma çağrısı, olası zararların büyümesini önlemeyi hedeflerken, saldırının kapsamına ilişkin belirsizlik sürüyor. Uzmanlar, soruşturmadan gelecek yeni bilgilerin hem ZIL fiyatı hem de yatırımcı güveni açısından kritik önem taşıdığını değerlendiriyor.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
On July 20, 2026, the Zilliqa blockchain team disclosed a notable security event affecting one of its centralized exchange collaborators. Tokens of the project’s native cryptocurrency, ZIL, were taken from an offline cold wallet managed by the partner. The project has launched a thorough probe in coordination with involved entities to determine exactly what occurred and the extent of the compromise.
Cold wallets represent one of the most protected methods for safeguarding digital assets, as they remain disconnected from the internet and require physical or highly controlled access for any transactions.
A breach at this level has prompted concern across the cryptocurrency sector, highlighting potential weaknesses even in supposedly air-gapped systems. While specifics remain limited, the incident underscores ongoing challenges in third-party custody arrangements within the industry.
In response, Zilliqa promptly reached out to multiple trading platforms, requesting a temporary suspension of all ZIL deposit and withdrawal activities. This precautionary step aims to limit the attacker’s ability to transfer or liquidate the pilfered assets on open markets.
We have been made aware of a security incident involving one of our exchange partners, in which ZIL was stolen from a cold wallet.
The incident is under active investigation, and we are working with the relevant parties to establish the root cause and full scope. As a…
— Zilliqa (@zilliqa) July 20, 2026
Users holding ZIL on affected venues currently face restricted liquidity, meaning they cannot move tokens in or out until the pause lifts.
Trading pairs may continue displaying prices, but actual settlements involving transfers could be blocked during this period.
The project has withheld key details, including the precise quantity of ZIL removed, the identity of the impacted exchange, and any suspected method of intrusion.
Officials stressed that the matter stays under active review and promised additional verified information as it becomes available.
Community members received a clear directive to consult only official Zilliqa communication channels and disregard unconfirmed reports circulating on social media or third-party sites.
Market reaction proved swift. ZIL experienced downward pressure following the announcement, with reports indicating declines of roughly 7% in the initial 24 hours, though some recovery occurred amid broader market movements.
The token traded near the $0.0025 level in the immediate aftermath, reflecting typical volatility when custody incidents surface.
Zilliqa, recognized as an early enabler in sharded blockchain architecture, continues developing its ecosystem with a focus on scalability and enterprise applications.
This event arrives against a backdrop of heightened scrutiny on security practices across digital asset platforms.
Earlier incidents in the broader space have repeatedly demonstrated that even sophisticated storage solutions can face sophisticated threats, whether through advanced persistent attacks, insider risks, or unforeseen technical vulnerabilities.
For holders and participants, the episode serves as a reminder of fundamental risk management principles: diversify custody methods, prefer self-custody for significant amounts when feasible, and remain vigilant about official updates.
The Zilliqa team indicated that further technical findings would be released once validated, potentially shedding light on any systemic issues or recommended safeguards for partners.
As the investigation progresses, the crypto ecosystem will watch closely for resolution steps, potential recovery efforts, and any long-term adjustments to custody or signing protocols. In the meantime, the temporary trading restrictions aim to contain fallout and protect the wider network’s integrity.
Road Town, British Virgin Islands, July 21st, 2026, Chainwire
STON.fi, the leading AMM protocol on The Open Network (TON), today announced the launch of cross-chain swaps in the STON.fi app, giving users a direct way to move stablecoins between TON, TRON, Ethereum, Base, BNB Chain, Polygon, Avalanche, Arbitrum, and Robinhood Chain through a unified, self-custodial interface.
The launch connects TON to major liquidity and application ecosystems across crypto. As a result, users can move capital between stablecoin markets, TON-native assets, DeFi protocols, and Telegram-native applications without relying on centralized exchanges, bridges, or wrapped assets.
Stablecoins have become one of crypto’s most important markets, with more than $300 billion in total market capitalization, led by TRON and Ethereum as the two largest stablecoin networks. Through cross-chain swaps, STON.fi connects TON with major stablecoin ecosystems in both directions: TON users gain access to liquidity across networks, while TRON and EVM users get a more direct path into TON-native assets, wallets, DeFi protocols, and Telegram-native applications — all through one self-custodial experience without managing bridges, wrapped assets, routing decisions, or settlement uncertainty.
Omniston, the execution layer developed by STON.fi, coordinates the full swap process between source and destination chains. More than a routing or liquidity aggregation system, it is designed to help cross-chain stablecoin flows complete predictably, from pricing to settlement.
"People don't think in terms of blockchains — they think in terms of what they want to do," said Slavik Baranov, CEO of STON.fi Dev. "Our goal is to make moving between ecosystems feel as simple as swapping within one network. Omniston handles the complexity so users can focus on the outcome, not the infrastructure."
For users, the key benefits are speed and predictability. Most swaps complete in 15–40 seconds, allowing users to swap assets between any supported chains without the longer wait times often associated with cross-chain transactions. When a swap is confirmed, Omniston connects the order with independent liquidity providers, known as resolvers, that supply the asset on the destination chain. The transaction is executed through linked Hashed Timelock Contracts (HTLCs) — smart-contract escrows on both chains that use the same cryptographic condition — so both sides of the swap complete together or the transaction does not complete at all. Before confirming, users see the asset and amount they are expected to receive. If the swap cannot be completed, funds are returned instead of being left stuck, partially executed, or unclear.
With cross-chain swaps now live, STON.fi is moving beyond a chain-specific DeFi protocol toward a product built around user intent. As stablecoin liquidity, consumer applications, and DeFi markets spread across networks, users need easier ways to move value without giving up self-custody or managing the infrastructure behind each transaction. For TON and the broader crypto market, the launch introduces a more practical access layer between major liquidity networks, application ecosystems, and the wider onchain economy.
For more information, users can visit STON.fi's cross-chain swap interface: app.ston.fi/cross-chain
About STON.fi
STON.fi is a cross-chain decentralized application for token swaps across TON, TRON, and major EVM-compatible blockchains. Originally established as the leading AMM protocol and one of the most widely used DeFi applications on The Open Network (TON), STON.fi helps users swap assets, access DeFi opportunities, and move value across blockchains through a simple cross-chain experience. Its cross-chain capabilities are powered by Omniston, the execution layer developed by STON.fi to support reliable and predictable swaps across multiple networks. Backed by leading investors including CoinFund, Delphi Ventures, The Open Platform, Karatage, TON Ventures, and others, STON.fi is building the infrastructure that connects users, liquidity, and applications across the onchain economy.
ContactHead of Communications
Ekaterina
STON.fi Dev [email protected]
Disclaimer: Press release sponsored by our commercial partners.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Uquid Tickets, the popular blockchain ticketing platform, has reported notable performance throughout the FIFA World Cup 2026. In this respect, Uquid Tickets has effectively processed cumulative sales of 5,000 crypto tickets during the entire event.
As per Uquid Tickets’ official report, the development denotes the earliest key live-event landmark since launch in March 2026. Specifically, over 65% of the ticket buyouts witnessed settlement on the TRON blockchain via $USDT.
Uquid Tickets Effectively Handles 5K Crypto Ticket Sales Throughout FIFA World Cup 2026 Conducting the sale of 5K crypto tickets during the FIFA 2026 World Cup is a unique milestone for Uquid Tickets. Particularly, the use of $USDT signifies considerable interest in stablecoin-based payments.
Additionally, the findings disclose the growing inclusion of international football enthusiasts in the crypto sector to circumvent any banking delays, local payment restrictions, and currency conversion charges. Simultaneously, the tournament proved the effective support of blockchain settlement for high-volume sporting events worldwide.
The FIFA World Cup 2026 emerged as the tournament’s largest edition in history. It featured forty-eight participating nations as well as 104 matches that were hosted across Mexico, Canada, and the United States.
The ticket demand far exceeded supply, and resale markets witnessed rapid expansion as numerous supporters looked for available seats. As Uquid’s report reveals, resale ticket prices surged to a significant extent as soon as the tournament progressed, hitting record levels for the last match at MetLife Stadium.
Ticket Buyouts Jump 450% at Uquid Tickets During Event Against the respective backdrop, the platform became a growing crypto-driven ticket marketplace. At the end, the FIFA World Cup Final between Argentina and Spain took place on the 19th of July at MetLife Stadium. This proved the strongest-performing event for Uquid Tickets. Throughout the championship, the company tackled almost 2.5% of the overall crypto-paid secondary ticket industry for the fixture.
What’s more, premium seating buyouts for crypto consumers across Asia and Europe contributed notably to the respective performance. According to Uquid Tickets, consumer activity surged during the competition’s knockout stages. The platform recorded a staggering 450% rise in its total website traffic at that point, with mobile devices occupying 62% of the cumulative checkout sessions.
When it comes to individual matches, USA’s match with Türkiye at SoFi Stadium accounted for a 320% jump in ticket buyouts within forty-eight hours after crucial group-stage results. Looking ahead, the platform believes that the effective tackling of wide-ranging tournament demand makes the blockchain-driven ticketing entity thereof well-suited for future concerts, sporting events, and other key live entertainment initiatives.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
BNB, the native token of the Binance Smart Chain, recently hovered around $570, reflecting a cautious technical outlook amid mixed short-term trends and persistent overhead resistance. The current price is well below the all-time high of nearly $1,370 reached in October 2025, pointing to the depth of the correction since its previous peak.
Key support and resistance levels in focusTechnical analysis places the broader support region for BNB between $570 and $590, with buyers repeatedly stepping in around these levels. However, ongoing tests of this zone risk weakening its strength if failed rebounds continue. A specific demand pocket was identified at $566–$567, which, if successfully defended, could enable an uptick toward the $587–$588 region.
BNB’s recent trading range has centered on $570–$573, indicating that, so far, support has kept deeper declines at bay. However, the ensuing recovery has lacked strong momentum, and bulls have been unable to retest the psychologically and technically significant $600 threshold.
For BNB bulls, the $600 zone marks an important confirmation. If the price can establish support above this level, analysts believe it would signal an early improvement in sentiment and add technical strength.
The significance of these zones is clear: $566–$567 acts as immediate support, while $570–$590 forms a broader technical battleground. A sustained breakdown below this range would challenge the current stabilization efforts.
LevelStatus$566–$567Immediate support$570–$590Major support region$587–$588Liquidity target$600Key confirmation resistance$537Recent significant lowTechnical indicators present a neutral stanceRecent data from TradingView shows BNB quoted at $568.28, with the overall technical summary rated as Neutral. Oscillator readings, including a 14-period RSI of 45.41, Stochastic %K at 35.81, and Williams %R at -65.08, do not reveal a decisive directional trend.
Additional momentum indicators offer similar caution. The Commodity Channel Index is at -16.32, and the Average Directional Index is at 17.18, both consistent with subdued trend strength. The Awesome Oscillator shows -0.68, Stochastic RSI Fast is at 15.38, while Bull Bear Power and the Ultimate Oscillator record -5.56 and 48.81, respectively. The mix of indicator readings signals a lack of broad-based momentum, leaving the market waiting for further confirmation.
Contradictory signals have appeared, such as the Momentum (10) suggesting Sell while the MACD Level (12, 26) indicated a Buy at -3.64, underscoring the overall indecision in technical positioning.
Moving averages demonstrate overhead pressureShort-term moving averages, including the 10-period EMA at 571.70 and the 10-period SMA at 572.93, mostly sit slightly above the current price. The 20-period EMA at 573.33 and the 30-period EMA at 577.32 also contribute to creating a resistance cluster between $570 and $577. To shift the outlook, BNB needs to reclaim and sustain levels above this band.
Longer-term measures pose additional hurdles: the 50-period EMA and SMA are at 587.16 and 586.70, while the 100-period readings are at 611.84 (EMA) and 613.61 (SMA). The 200-period EMA and SMA, at $661.38 and $663.92 respectively, highlight the broader downward momentum still at play. Notably, the Hull Moving Average (9) offered a rare Buy signal at 568.18; otherwise, moving-average readings were dominated by Sell signals, with 12 Sell, one Neutral, and only one Buy, highlighting the market’s defensive structure.
Mini dictionary: Hull Moving Average, a technical indicator that is a fast-acting moving average designed to reduce lag and highlight trends more clearly than traditional moving averages.
Scenarios: Recovery or renewed downside riskThe near-term outlook for BNB is defined by two competing scenarios. If bulls can drive the price above the $570–$577 resistance band, targets of $587–$588 come into play, followed by the crucial $600 mark. A sustained move above $600, especially on strong volume, would likely improve technical sentiment.
On the other hand, failure to maintain support within the $570–$590 zone increases the risk of a slide toward the recent $537 low. Pivot point calculations show the classic pivot at $604.37 and S1 at $481.43, but analysts emphasize these levels are broader reference points rather than precise predictions.
At present, the decisive levels hover near the current price: $566–$567 as immediate support; $570–$577 and $587–$588 as the first resistance targets; and $600–$604 as the confirmation zone for a potential trend reversal.
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.
A major exploit hit the Wanchain-operated bridge connecting Cardano and BNB Chain on July 21, 2026. Attackers drained approximately 515 million $NIGHT tokens, worth around $13 million, from the bridge treasury. This sent $NIGHT tumbling more than 30% to a record low near $0.016. Wanchain has taken the bridge offline and is investigating. The Midnight Foundation confirmed the Midnight network itself remains fully secure.
Signature Reuse Flaw Allowed 65,000x Token Inflation in Single Transaction The Wanchain bridge has operated across dozens of blockchains for over eight years without a major incident. Its integration with Cardano was part of a broader push to expand Cardano’s cross-chain capabilities.
When Cardano founder Charles Hoskinson announced the Midnight token launch. The project drew significant attention as a privacy-first sidechain within the Cardano ecosystem.
The bridge later enabled deeper interoperability for assets like RLUSD on Cardano through its cross-chain bridge integration. The aim is to reinforce its role as a key infrastructure player.
On-chain forensics firm BlockSec Phalcon identified the root cause as a non-injective signed-message encoding flaw in the TreasuryCheck validator.
The Wanchain bridge built its signed message by raw concatenating 14 variable-length redeemer fields without delimiters or length prefixes. This allowed different field-value combinations to produce an identical byte string and hash, enabling signature reuse attacks.
Wanchain @wanchain_org Cardano bridge was reportedly being attacked, with ~515M $NIGHT drained from the bridge Treasury.
Our initial investigation suggests that the root cause seems to be a non-injective signed-message encoding in the TreasuryCheck validator. The signed message… https://t.co/bnWEnw3Dxc pic.twitter.com/PQFAN6lRn9
— BlockSec Phalcon (@Phalcon_xyz) July 21, 2026
The attacker reused a legitimate signature that authorized only ~3,110 NIGHT to extract over 203 million NIGHT in a single transaction, a roughly 65,000x inflation effect driven by field-boundary manipulation.
They then dumped the drained tokens on decentralized exchanges, triggering the sharp price collapse.
Analysts tracking the NIGHT token price outlook had previously flagged Midnight’s growing traction as a tailwind for Cardano; this incident now tests investor conviction in that thesis.
Wanchain’s team confirmed the breach, took the bridge offline, and stated it is preparing a detailed update.
The Midnight Foundation was quick to clarify that the exploit was fully isolated to third-party bridge infrastructure and had no impact on the Midnight network, its validators, consensus mechanism, or core protocol.
Cross-Chain Bridge Risk Resurfaces, But Midnight Protocol and Cardano Remain Unscathed Community reaction on X has been swift and largely clear-eyed: the exploit reflects a bridge security design failure, not a flaw in Cardano or the Midnight protocol.
Midnight’s consensus, validators, and core infrastructure were never at risk. The breach was confined entirely to the Wanchain-operated third-party bridge layer, a critical distinction investors should not overlook.
Roughly 2% of NIGHT’s total supply, approximately 515 million of ~24 billion tokens, was affected through the bridge treasury, not from circulating supply.
That context matters. The token’s sharp drop reflects panic selling, not a fundamental compromise of the network or its utility.
Investors who had been tracking Cardano’s privacy ecosystem momentum may view the dip as a tactical entry point, given the underlying protocol remains fully intact and operational.
The incident also arrives as Wanchain is gaining recognition in interoperability circles as a potential cross-chain listing candidate for major exchanges.
That trajectory is now likely paused until a credible post-mortem and recovery plan are published.
Security notice regarding the Cardano ↔ BNB Chain Bridge. pic.twitter.com/tUrSnXg5VN
— Wanchain (@wanchain_org) July 21, 2026
This is not the first time bridge infrastructure has buckled under the weight of a smart contract flaw in 2026. Humanity Protocol suffered a $31M exploit a month ago after an employee’s laptop was hacked. The hack granted attackers access to multisig wallet keys that controlled its Ethereum and BNB Chain bridges, enabling unlimited token minting.
Also in June 2026, Gnosis Pay confirmed a $1.8M attack that hit 5,281 wallets via a Zodiac module vulnerability present since 2023.
Unlike many exploits, Gnosis Pay refunded 100% of user funds, a response that set a positive precedent. CoinGape covered how Gnosis Pay handled the $1.8M crypto attack and the security changes the platform introduced in response.
Taken together, the Wanchain incident fits a recurring 2026 pattern of bridge and infrastructure exploits that punish connected tokens severely while leaving core Layer-1 protocols untouched.
For $NIGHT holders and Cardano bulls, the key signals to watch now are Wanchain’s forthcoming post-mortem, any compensation or bridge resumption timeline, and whether on-chain NIGHT activity stabilizes in the days that follow.
If you’re hunting for early-stage opportunities, check out our list of the best crypto presales.
BNB presales attract record capital as MemeToro uses an audit, fair-launch tools, and AI infrastructure to address common memecoin risks.
MemeToro has released new details explaining how the $MT utility token is designed to connect the products within its AI-powered blockchain ecosystem. Rather than serving a single function, the company said $MT will provide access across multiple platform services, including AI-powered applications, market analytics, decentralized prediction markets, staking, and future governance initiatives.
According to MemeToro, the framework is intended to support a connected user experience where each product contributes to activity across the broader ecosystem instead of operating independently.
The announcement forms part of MemeToro’s ongoing roadmap as the company continues developing blockchain infrastructure on the BNB Chain.
One Token Designed for Multiple Platform Services MemeToro said the $MT token has been designed as the common utility asset across the platform.
Users will be able to use the token to access AI-powered features, participate in decentralized prediction markets, stake tokens, unlock premium platform functionality, and interact with future products released by the company.
According to MemeToro, bringing these services together through a single utility token reduces fragmentation while creating a consistent experience across the platform.
The company expects additional utilities to be introduced as development continues.
Connected Products Create a Unified User Experience The published ecosystem framework outlines how multiple platform features are intended to interact.
Users will be able to discover new memecoins through the platform’s analytics tools, follow market activity using live rankings, participate in prediction markets, and access AI-powered blockchain applications without leaving the ecosystem.
According to the company, connecting these products allows activity generated in one area of the platform to support engagement across others.
The framework also provides flexibility for additional services planned in future roadmap updates.
Public Presale Continues Ahead of Platform Launch Alongside the ecosystem update, MemeToro confirmed continued progress during Stage 4 of its public presale.
According to the company, more than $80,178.47 has been raised, representing 73.28% of the current fundraising target of $109,411.90.
The Stage 4 token price is $0.00232 per $MT, while the company has published a planned launch price of $0.01875 following completion of the presale, subject to the project’s roadmap.
MemeToro said funds raised during the public presale will support continued software development, security, infrastructure, and the rollout of products outlined in its development roadmap.
MemeToro has a fixed total supply of 1.2 billion tokens, with allocations distributed across the public presale, ecosystem development, staking rewards, liquidity, treasury, marketing, strategic partnerships, and operational growth.
According to the company, public presale allocations are expected to become available at launch, while selected allocations for marketing and partnership initiatives follow a 24-month vesting schedule.
MemeToro said the published allocation model is intended to support long-term ecosystem development while providing transparency around token distribution as the platform moves toward launch.
About MemeToro MemeToro is a blockchain project developing an AI-powered ecosystem on the BNB Chain. The platform combines AI-powered memecoin creation, live market analytics, decentralized prediction markets, staking, and blockchain applications through the $MT utility token. The company is building an integrated Web3 platform designed to simplify blockchain participation while expanding the practical use of artificial intelligence across decentralized technologies.
For more information, visit:
Email: [email protected]
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Wanchain’s Cardano-BNB Bridge, a cross-chain protocol allowing asset transfers between Cardano [ADA] and other blockchain networks, was allegedly compromised.
This opened doors for attackers to drain up to 515 million NIGHT tokens worth $9 million from the bridge’s treasury.
As per the investigation, the exploit was induced by a cryptographic vulnerability in the bridge’s TreasuryCheck validator called non-injective signed-message encoding.
Multiple withdrawals lead to the loss of 515 mln NIGHT For context, each withdrawal request in a secure system is supposed to generate a distinct message. This is to ensure that a validator’s digital signature can only authorize that particular transaction.
However, this vulnerability was possible due to multiple withdrawal requests to generate the same encrypted message.
As a result, the illicit actor was able to secure the ability to authorize phony withdrawals without having access to the validator’s private key. For its part, this was done by reusing a legitimate signature from a legitimate transaction.
Moving ahead, the wrongdoer also laundered the stolen NIGHT tokens to ADA on the Cardano network.
Steps taken and impact on NIGHT Since then, Wanchain has halted the Cardano-BNB Bridge and begun an investigation. They even confirmed that the incident was restricted to the bridge and had no impact on Midnight’s network or Cardano’s core blockchain.
Source: Wanchain/X Surge in exploits, but hope remains In fact, in the past week, the crypto space has witnessed multiple exploits wherein the wrongdoer took advantage of a distinct flaw in a decentralized protocol. This included the Allbridge Core, a cross-chain bridge exploit that resulted in the loss of $1.65 million.
Then a perpetual decentralized exchange on Arbitrum called Ostium was the target of an oracle exploit, resulting in the loss of $18 million. Lastly, a malicious governance proposal that was approved resulted in an exploit that cost the BONK ecosystem about $20 million.
Yet despite an increase in attack frequency, DeFiLlama stated that overall losses dropped precipitously to $1 billion as of July 2026 as compared to $2.135 billion seen in the same period in 2025.
Source: DeFiLlama Final Summary A cross-chain protocol exploit resulted in the loss of 515 million NIGHT tokens worth $9 million. The exploiter earned access to authorize fake withdrawals by reusing a legitimate signature from a legitimate transaction.
BNB is fighting to clear $540 as the wider altcoin market absorbs another wave of liquidations. Compliance progress and upcoming Binance Launchpool announcements may help BNB lead an ecosystem recovery once risk appetite improves. MemeToro is building directly on BNB Smart Chain, using its speed and low transaction costs to support AI-created memecoins, trading, and discovery.
BNB Must Break Through $540 The immediate BNB price prediction depends on the $540 resistance level. Bulls need to move through that area before the chart can support a stronger recovery toward $600.
The altcoin market recently lost 6.8% of its value within 48 hours as leveraged long positions were liquidated. BNB has shown relative resilience, but market-wide selling still limits its ability to break resistance.
Michaël van de Poppe expects BNB’s ecosystem utility to lead a recovery once the risk-off environment clears. His $600 outlook assumes that market pressure fades and users continue interacting with Binance-linked products.
Failure to clear $540 would keep BNB inside its present range. A successful move above the level could attract technical buyers and improve the short-term structure.
Launchpool Activity Could Tighten Supply Upcoming Binance Launchpool announcements are central to the bullish BNB price prediction. Users typically lock BNB to earn allocations from newly launched projects.
More tokens committed to Launchpool can temporarily reduce the liquid BNB available for sale. If demand rises at the same time, that supply effect may support the price.
Recent compliance updates also appear to have separated BNB from new SEC enforcement actions affecting other parts of the market. This has helped cap downside risk relative to several large altcoins.
Regulatory progress does not eliminate risk, but it removes one source of uncertainty. BNB must now convert clearer conditions and Launchpool activity into enough buying pressure to reclaim $540.
MemeToro Uses BNB Chain For Its AI Platform MemeToro is being developed initially on BNB Smart Chain. The network provides low transaction fees and quick execution for a platform expected to handle frequent token launches, swaps, and smaller transactions.
Its AI agent scans live news, social media, and online communities for narratives gaining attention. It can generate a token name, concept, logo, branding, and marketing content before deployment.
MemeToro offers several BNB Chain benefits:
Low-cost token creation Faster memecoin transactions Automated AI launches Fair distribution without insiders PancakeSwap migration Integrated discovery dashboards The platform also plans anti-bot and anti-whale measures to create more controlled launch conditions.
Stage 4 Adds Activity To The Ecosystem MemeToro has raised $80,178.47 during Presale Stage 4. The round has reached 73.28% of its $109,411.90 target.
$MT currently costs $0.00232, while MemeToro lists $0.01875 as its official launch price. The planned difference is approximately 8.08 times, although post-launch market conditions may produce another value.
Participants can connect a compatible wallet to BNB Chain and purchase with BNB, ETH, supported stablecoins, or bank cards. Their $MT allocations are expected to become claimable at launch.
Early users may access staking, trading tools, prediction markets, and token dashboards as those products become available.
BNB Price Prediction Connects With Network Growth BNB needs a clean break above $540 before a move toward $600 becomes more convincing. Launchpool demand, compliance progress, and continued BNB Chain activity support that case.
MemeToro contributes a smaller but relevant network use case. Its AI agent is designed to create memecoins, while its dashboards and trading tools could generate recurring transactions on BNB Chain.
The project remains in development, so it cannot yet provide the same measurable activity as established applications. Its Stage 4 raise does show early demand before public launch.
The BNB price prediction depends on the entire ecosystem rather than one presale. Still, MemeToro benefits directly from a BNB recovery, while BNB Chain could gain another AI-led application if the platform attracts creators and traders.
FAQs Can BNB Reach $600? BNB could approach $600 if it clears $540, Launchpool activity increases, and the wider risk-off environment begins to ease.
Why Is MemeToro Building On BNB Chain? BNB Chain offers low fees, fast transactions, and direct access to PancakeSwap, making it suitable for frequent memecoin launches and trades.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Cardano (ADA) price is up by 7.1% today, July 21, to trade at $0.175 at the time of writing. These gains come despite a hack on the Wanchain bridge that links Cardano with BNB Chain. This hack also comes barely one month after the SecondFi protocol lost $2.4 million in an exploit that occurred on June 24, 2026.
However, while ADA price is gaining, the NIGHT token is down by 25% amid reports that the recent hack drained $13 million worth of NIGHT tokens from the bridge.
Cardano Gains, NIGHT Token Crashes After Wanchain Bridge Exploit Data from CoinMarketCap shows that the NIGHT token dropped from $0.026 to $0.019 on July 21 after reports of an exploit on the Wanchain bridge.
NIGHT/USDT Chart (Source: TradingView) The drop comes after reports that the attackers stole 515 million NIGHT tokens from the bridge’s treasury. This moved some holders to start dumping their ADA holdings as speculation grew that the hackers might sell these tokens.
But while the price of NIGHT dropped to a record low of $0.015, Cardano price gained by 7% because the hack did not take place on Cardano’s layer-one network.
Besides, Cardano has been on an uptrend since the Van Rossem hard fork occurred on the Cardano network on June 19. This hard fork paves the way for a Leios upgrade that could make Cardano 60 times faster.
Cardano Price Breaks Resistance as Momentum Shifts Bullish The price of Cardano has moved to resistance at the middle Bollinger band of $0.15. The last time that ADA moved above this band was on July 2, and the price later gained by 33% to $0.20.
If ADA repeats this trend, closing above the resistance at the middle band could push it to the upper band of $0.18.
The RSI reading of 56 also supports that the long-term Cardano price forecast is bullish. This RSI has also created a higher high, suggesting that there is more buying pressure than selling pressure.
ADA/USDT: 1-day Chart (Source: TradingView) If this buying pressure remains high even after Cardano closes above $0.18, the next bullish leg could be a run to the June 4 high of $0.20.
But if this bullish thesis fails and profit-takers start to sell, Cardano might drop to the lower Bollinger band of $0.15.
Cardano DeFi TVL Sheds 100M ADA Data from DeFiLlama shows that the TVL on Cardano has dropped from 512 million ADA on July 1 to 407 million ADA on July 21.
This TVL has shed 105 million ADA in July 2026 alone, with these tokens being worth $17.85 million at the current price of Cardano.
Cardano DeFi TVL (Source: DeFiLlama) However, the recent hack on the Wanchain bridge has caused a slight surge in DEX volume on Cardano from $549,000 on July 19 to $35 million on July 21.
The stablecoin market cap on the network has also climbed from $58 million on July 8 to $62 million at the time of writing.
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.
NVIDIA: Major Clients Have Begun Testing Vera Rubin Devices
According to Bloomberg, NVIDIA has announced that its key clients have started testing its Vera Rubin devices. The chipmaker added that its new Vera processor outperforms AMD’s Turin, and that the chips are being delivered on schedule for use in AI data centers.
7 minutes ago
Iran's Revolutionary Guard hits U.S. military radar in Kuwait.
According to Iran's Press TV, Iran's Revolutionary Guard hit a U.S. military radar at Kuwait's Al Jaber Base.
7 minutes ago
Liang Wenfeng’s Huanfang and Jiuzhang secure the largest share in Changxin Technology’s private placement new share offering, with 113 private equity firms receiving allocations.
The preliminary offline placement results for Changxin Technology show that a total of 2,459 products under 113 private equity firms secured offline placements in the company, with a total of 161 million shares allocated, amounting to 1.436 billion yuan. The announcement notes that offline institutional investors are divided into Category A (public funds, social security funds, pension funds, enterprise annuities, bank wealth management products, insurance companies, QFIIs) and Category B (private equity firms, broker-dealer proprietary trading, trusts, financial companies, etc.). Category A investors, dominated by public funds, received 1.978 billion shares, accounting for 91% of the total offline issuance; while Category B investors, led by private equity firms, secured 196 million shares, making up only 9% of the total offline issuance. Among the private equity placement list, the top ten by number of placement objects are all leading quantitative private equity firms. Shanghai Yanfu has a total of 282 placement objects allocated, ranking first among private equity firms; Century Front, Jiukun Investment, Shanghai Chengqi, and Huanfang Quant have 209, 194, 167, and 153 placement objects respectively; Lingjun Investment, Shanghai Jinde, and Minghong Investment also have over 100 allocated products each, at 107, 105, and 100 respectively. Notably, Liang Wenfeng, founder of DeepSeek and a prominent private equity figure, took the largest share among private equity placements. Public information shows that the actual controllers of two leading 100-billion-yuan private equity firms, Ningbo Huanfang Quant and Zhejiang Jiuzhang Asset Management, are both Liang Wenfeng. This means that through his two private equity firms, Liang Wenfeng has a total of 194 private equity products allocated, with a total of 20.2497 million shares secured, amounting to approximately 175 million yuan. (The Paper)
7 minutes ago
Pump.fun launches BOOST mode, aiming to re-inject permanently locked liquidity into the token market.
Meme coin launch platform pump.fun has announced the launch of its new BOOST mode, set as the default launch mechanism for all new Pump.fun tokens moving forward. The feature is designed to address the long-standing "dead liquidity" problem during token migrations, using a buyback and burn mechanism to re-inject liquidity that was previously permanently locked back into the token market. Pump.fun noted that over $100 million in liquidity is permanently lost annually during token migrations, with these funds no longer available to support market liquidity. Historically, roughly 20% of liquidity remains stuck in liquidity pools (LPs) for every token that completes migration — even after all traders sell their positions, some funds stay locked in the pools permanently. BOOST mode will leverage this trapped liquidity to re-inject into the market via an automatic buyback mechanism within 5 minutes of each token migration completion. Specifically, BOOST will execute buybacks using a post-migration time-weighted average price (TWAP) and automatically burn the purchased tokens. For SOL trading pairs, 17.6 SOL will be injected, while USDC trading pairs will receive $2,516 in funds. The mechanism requires no manual activation from users: all new Pump.fun tokens that complete migration after 10:23 AM Eastern Time (ET) on July 21 will automatically enable the BOOST configuration. Tokens migrated prior to this date or issued via the Mayhem platform do not include the feature. The upgrade aims to improve trading experiences and enhance the long-term utilization efficiency of liquidity within the ecosystem.
7 minutes ago
Telegram Founder: Will Integrate a Native Non-Custodial Gram Wallet for All Users
Telegram founder Pavel Durov announced in his personal channel that instant, zero-fee cryptocurrency transactions for its more than 1 billion users are set to become a reality. The platform is adding a native, non-custodial Gram wallet to every Telegram application.
7 minutes ago
GRAM surges past $1.5, gaining over 9% in 10 minutes.
According to HTX market data, GRAM has broken through $1.5, currently trading at $1.555, up over 9% in 10 minutes. Earlier reports stated that Telegram’s founder said the team is building native non-custodial Gram wallets into every Telegram application.
