Leading cryptocurrency analyst Ali Martinez anticipated on Monday a “decisive breakout” for XRP (CRYPTO: XRP) if the token successfully surpasses a key resistance level.
Where Is XRP Headed?Martinez posted an animated video showing XRP’s consolidation inside a symmetrical triangle on the hourly timeframe
XRP has been consolidating around the $1.09–$1.11 range throughout July. The video suggested that a breach of $1.13 could open the door for a potential rally toward $1.30.
“A decisive breakout above it could confirm the bullish breakout and open the door for further upside,” Matinez added.
Notably, Martinez flagged a “Buy” signal for XRP last week, around $1.109. Since then, the token is up 3.3%.
The Signals That MatterThe Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, also flashed a "Buy" reading for XRP, according to TradingView.
The Bull Bear Power indicator, which measures the strength of buyers and sellers, remained “Neutral,” and so did the Relative Strength Index, which hovered just above 50.
Meanwhile, open interest in XRP futures has risen by over 6% in a week, according to Coinglass, indicating high speculative interest. This, complemented by a 5.58% increase in spot price over the same period, validated the bullish trend.
Smart money sentiment, which refers to the collective outlook and capital allocation of institutional investors, turned “bullish.”
Price Action: At the time of writing, XRP was exchanging hands at $1.13, up 3.72% in the last 24 hours, according to data from Benzinga Pro.
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Tencent: Will massively deploy domestically produced computing power in China, with NPO super nodes scheduled for deployment in the fourth quarter.
According to monitoring by Beating, a tech media outlet, a Tencent Cloud executive stated at a sub-forum of the recent World Artificial Intelligence Conference that to minimize inference costs, the company will deploy large-scale domestically produced computing power in China. The company plans to launch NPO (Near-Packaged Optics) super nodes in Q4 2026, and called for unified NPO industry standards at home and abroad.
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A certain crypto whale opened a 3x long position on Micron, with the position valued at $2.17 million.
According to OnchainLens monitoring, a newly created wallet withdrew USDC worth $14.64 million from Binance, transferred the funds to Hyperliquid, and subsequently opened a 3x long position of 2,386.72 MU (Micron) valued at $2.17 million.
6 minutes ago
Binance will launch multiple USDT-margined TradFi perpetual swaps including SHAZUSDT today.
Binance will launch multiple USDT-margined TradFi perpetual contracts today, including SHAZUSDT (09:00 UTC), SOFIUSDT (09:05 UTC), PANWUSDT (09:10 UTC), and PENGUSDT perpetual contracts. The underlying assets are U.S. stocks SharonAI Holdings, SoFi Technologies, Palo Alto Networks, and Penguin Solutions, with support for up to 25x leverage and 24/7 trading.
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A whale went long on 1,000 BTC and 10,000 ETH at the start of the month, posting an unrealized profit of $5.484 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), the smart money that went long 1,000 BTC and 10,000 ETH since the start of the month is now sitting on an unrealized profit of $5.484 million. The address opened long positions on BTC on July 6 and ETH on July 14, at entry points of $62,354 and $1,761.9 respectively. Its current position value stands at $85.36 million, with funding fees paid exceeding $330,000.
6 minutes ago
Pons: 20% of the total PONS token supply has been burned.
Robinhood Chain-native token launch platform Pons announced that 20% of the total PONS token supply has been burned in just the past 8 days, and the platform will continue to use its revenue to burn PONS tokens. According to GMGN monitoring, Robinhood Chain ecosystem token PONS briefly hit an all-time high of over $39 million in market cap today, and is now trading at $33 million, up 105% in 24 hours, with roughly $13.7 million in trading volume over the same period. PONS is the native token of Robinhood Chain’s token launch platform Pons, which supports the creation and issuance of fixed-supply tokens. The platform uses collected WETH fees to repurchase PONS, while directly burning PONS fees from transactions, leading some community members to label it as Robinhood Chain’s equivalent of Pump.fun. Related reading: Robinhood Launchpad: A Battle of Hundreds of Projects, Who Will Come Out on Top? BlockBeats Note: On-chain token trading is highly volatile, often driven by market sentiment and hype, with no inherent value or real-world use cases. Investors are advised to exercise caution.
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Crypto whale sets 10 major trading targets; its current long position is approximately $150 million, with unrealized profit potentially expanding to $5.15 million.
Contract whale "Set 10 Big Goals First" posted their open position this morning: a 4x leveraged long on Bitcoin. On-chain analyst Ai Yi (@ai_9684xtpa) estimates the whale’s average entry price at $63,827.06, with the long position holding roughly 2,358.05 BTC, valued at $150 million. As BTC breaks above $66,000, its unrealized profit could expand to $5.15 million. Previously, "Set 10 Big Goals First" stated in a post that recent trades are dominated by short-term long positions, with no short positions opened so far. The risk-reward ratio for shorting is currently low, as Bitcoin is relatively near its cyclical bottom. The subsequent trend may gradually emerge and trigger a new rally, so the whale is unwilling to miss the potential upward signal. The current position may be held for medium to long term, but will still be adjusted based on market conditions, with no exclusion of continuing short-term trades. Additionally, a large-scale correction in US-listed AI-related tech stocks cannot be ruled out in the next six months.
Jito [JTO] climbed 11.59% over the previous 24 hours to $0.6087 as of writing, while its market capitalization reached $304.67 million as investor interest strengthened. Trading activity also accelerated, with daily volume surging 142.17%, indicating that buyers returned aggressively after recent weakness.
The rally followed growing optimism surrounding JIP-38, a proposal that established Jito as a token-centric network by directing 100% of the Jito DAO’s revenue share from JTX Trade toward programmatic JTO buybacks and burns for at least one year.
Positive sentiment surrounding Solana’s [SOL] institutional adoption and capital rotation into Solana ecosystem tokens further supported the move. As a result, market participants increasingly viewed the proposal as a long-term value driver rather than a short-lived catalyst.
JTO’s leveraged traders return Derivatives traders also increased their exposure as Open Interest (OI) rose 14.53% to $52.05 million at press time, during the rally. The increase suggested that fresh positions entered the market instead of existing contracts simply closing.
Rising OI alongside double-digit price gains often reflected stronger market conviction because both spot and futures participants committed additional capital.
Unlike rallies driven by declining derivatives exposure, JTO‘s advance attracted broader participation across multiple trading segments. The combination suggested traders expected the bullish narrative surrounding JIP-38 to continue influencing price action.
However, expanding leveraged exposure also increased the probability of sharper volatility should sentiment reverse or profit-taking accelerate after the recent advance.
Source: CoinGlass Buyers maintained control across spot markets Spot market activity also favored buyers throughout the latest recovery.
At the time of writing, the 90-day Futures Taker CVD remained buy dominant, showing that aggressive market buyers consistently absorbed available sell orders. The behavior aligned with the sharp increase in trading volume, which expanded 142.17% over the previous day.
Stronger buying pressure supported the price recovery instead of allowing sellers to regain control after recent weakness.
In addition, the sustained demand complemented improving sentiment surrounding Jito’s revised tokenomics and the broader Solana ecosystem. Although buyers held the advantage, continued demand would remain necessary to absorb future profit-taking as speculative participation increased across both spot and derivatives markets.
Source: CryptoQuant Can JTO reclaim $0.80 next? JTO rebounded from the $0.5332 support area after breaking below its broader ascending channel earlier.
Buyers pushed the token back toward $0.6500, which now represented the nearest resistance before a possible move toward $0.8000. The Directional Movement Index (DMI) also reflected improving conditions.
At press time, the +DI stood at 21.23, remaining above the -DI at 20.56, while the ADX measured 19.43, suggesting bullish strength had started improving but remained below the threshold associated with a strong trend.
If buyers reclaimed $0.6500, the chart suggested a retest of $0.8000 could follow. However, failure to hold above $0.5332 would likely expose JTO to another test of the $0.4054 support level.
Source: TradingView Conclusively, JTO’s rally reflected improving fundamentals, stronger buying pressure, and increasing trader participation rather than a purely speculative bounce.
If buyers continue defending support and overcome the $0.6500 barrier, the token could challenge $0.8000 in the sessions ahead. However, weakening demand would likely delay that recovery and shift attention back toward the $0.5332 support zone.
Final Summary JTO’s rally gained support from stronger buying activity and growing confidence after the JIP-38 proposal. Rising Open Interest and steady spot demand kept bullish pressure intact, though $0.6500 remains the next key hurdle.
Ondo Finance’s native token ONDO is exhibiting robust signs of long-term recovery, as trading activity and analyst sentiment point to renewed bullish momentum. The project recently crossed a notable threshold in perpetual trading volume, reflecting rapidly growing interest in tokenized real-world assets within decentralized finance.
ONDO price performance and key resistance levelsONDO is currently priced at $0.3576, reporting a 24-hour gain of 2.52%. The token’s market capitalization now stands at $1.74 billion, supported by a daily trading volume of $91.34 million. This upward momentum follows a period of extended correction and base formation.
Crypto analyst noncler characterized ONDO’s structure as one of the most resilient recoveries on higher timeframes, noting that buyers have consistently supported the token in its accumulation zone. The analyst identified $0.48 as the immediate resistance level, and stressed that a successful breakout above this price could solidify bullish momentum while raising prospects for a sustained recovery.
After defending the accumulation zone, analysts see $0.48 as a pivotal resistance, with a clear breakout potentially confirming ongoing bullish sentiment and paving the way for further gains.
Beyond $0.48, $0.70 emerges as the next significant barrier, previously serving as an important support and signaling additional positive traction if reclaimed.
The projected target for ONDO stands at its previous all-time high around $1.16, which would constitute a 470% increase from current levels if achieved.
Price LevelSignificance$0.48Key resistance, confirmation of bullish momentum if reclaimed$0.70Former support, secondary bullish signal above this level$1.16Previous all-time high, up 470% from current pricePerpetual trading volumes and real-world asset demandOndo’s perpetual trading platform, Ondo Perps, has surpassed $1 billion in trading volume over the past seven days, with the overall volume exceeding $3 billion. These figures highlight the rapid expansion of the decentralized perpetual trading market fueled by ONDO’s real-world asset (RWA) products.
The uptick in trading activity underscores the mounting industry demand for tokenized RWA instruments and confirms ONDO’s rising profile within decentralized finance markets.
Mini dictionary: Real-world asset (RWA) tokens, blockchain-based tokens that represent ownership in assets such as stocks, bonds, real estate, or commodities, facilitating their trading on decentralized platforms.
Increasing volumes in Ondo Perps indicate more market liquidity and user engagement, pointing to ONDO’s vital role in driving market trends among investors seeking exposure to blockchain-based financial tools.
Market sentiment and broader contextAnalyst forecasts and stronger trading data have coincided with broader optimism across the crypto market. A resurgence in Bitcoin’s price action has positively impacted sentiment in the altcoin sector, benefiting tokens like ONDO.
Founded as a protocol specializing in tokenized real-world assets, Ondo Finance facilitates the access and trading of tangible assets on public blockchains. Its rapid growth in trading metrics and bullish price action suggest that participants are increasingly embracing the project’s DeFi products and vision.
Strong trading volume in Ondo Perps has reinforced the perception that real-world asset tokens are attracting more participants and playing a pivotal role as decentralized finance markets expand.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A crypto whale transferred 431,000 LINK tokens to a Gnosis Safe multi-signature wallet.
According to monitoring by OnchainLens, a crypto whale has transferred 431,000 LINK tokens (valued at approximately $3.76 million) to a Gnosis Safe multi-signature wallet. The whale had previously withdrawn LINK multiple times from the Binance exchange over the past three weeks via two separate wallets, and has been steadily accumulating the token.
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Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.
According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.
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Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.
According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.
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Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.
According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.
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OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
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Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
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.
According to Hyperinsight monitoring, SPCX on Hyperliquid continues its downward trajectory, currently trading at $120.66, down 47.5% from its prior high of $230. SpaceX priced its IPO at $135 per share, and SPCX has now dropped roughly 10.6% below the IPO price, hitting a daily low of $119.7. The whale address starting with 0x899c, previously tracked, went long on SPCX just ahead of the positive news that the stock would be added to the Nasdaq. For over a month after that, the address made no adjustments to its position, leaving it untouched as the positive catalyst was priced in, and through the subsequent continuous decline and drop below the IPO price, bringing the position to the brink of liquidation with only about $4 of buffer remaining. It bought 16,082.2 SPCX shares on the morning of June 15, and has not altered its position size since. As of press time, the whale holds this long position with 3x isolated margin, with the position valued at approximately $1.94 million, an unrealized loss of around $756,000, and a return of roughly -84.1%; the liquidation price is about $116.6. The account currently has only $111,500 in margin left, all of which is used to maintain this position. Trading records show this whale is a left-side trader, who earned a $620,000 profit from a long Bitcoin position in early March; subsequent long crude oil positions and this SPCX position have together erased all those gains. Previous news: A whale went all-in long on SPCX with $2.72 million, expecting the stock to rally ahead of its addition to the Nasdaq 100.
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Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.
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OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
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Hyperliquid has launched its HIP-4 upgrade, aiming to introduce permissionless outcome markets and reduce costs. The upgrade, which went live on the mainnet in May 2026, allows for fully collateralized binary outcome contracts. However, deployers are required to stake 500,000 HYPE, which is locked for six months and subject to validator slashing if settlements are poor. This move is aimed at unifying various market types under a single cross-margin account, eliminating opening fees and liquidation risks. While the permissionless phase is initially available on testnet, the broader mainnet rollout for third-party builders is yet to be scheduled.
Recent market activity around Hyperliquid suggests varied expectations about its price trajectory by the end of 2026. Current pricing shows a 29.5% likelihood of Hyperliquid reaching $100 by December 31, 2026, a slight increase from the previous day, but a decrease over the past week. This reflects some optimism around the potential impact of the HIP-4 upgrade, yet tempered by the remaining questions over quality control and the risks associated with the new staking requirements.
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The introduction of this upgrade comes at a time when Hyperliquid’s volume has been under scrutiny, with some predicting a positive shift in market perception. However, the source of this information is a Tier 3 social media account, which may limit the expected impact on market movements. As the upgrade begins to take effect, market participants will likely continue to assess its implications for Hyperliquid’s broader market standing.
Key Takeaways Hyperliquid’s HIP-4 upgrade appears to introduce permissionless outcome markets with a requirement for significant HYPE staking. Market pricing suggests varied expectations, with a 29.5% chance of Hyperliquid reaching $100 by the end of 2026, reflecting tempered optimism. The source’s Tier 3 classification indicates that while the upgrade may influence market perception, the impact may be moderate. What to Watch Observers should monitor the broader rollout of Hyperliquid’s HIP-4 upgrade on the mainnet, especially the impact of permissionless markets on volumes and costs. Key dates for the full launch of third-party builder access will be crucial indicators of market sentiment shifts. Additionally, developments in the staking and slashing mechanisms could influence market confidence in the upgrade’s stability and its potential to drive Hyperliquid’s price towards the projected targets.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 29.5% — — View market → January 1 2027 6.2% — — View market → January 1 2027 3.1% — — View market → January 1 2027 54.5% — — View market → January 1 2027 18.6% — — View market → January 1 2027 3.2% — — View market →
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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PUMP is up by 18%, hovering at the $0.0019 mark. Daily trading volume has skyrocketed by 750%. Pump.fun (PUMP) token hit a two-month high after a trader, Ansem, disclosed a new position, buying in with 1,500 $SOL worth $115K and sharing his investing thesis. The asset has surged over 18%, trades at $0.001950, with its trading volume exploding 750% to $202.54 million.
Trader 0xbf73 followed the move by opening a 10x long on 764.14M $PUMP worth $1.53M, with a liquidation price sitting at $0.0016194. When leveraged traders start copying influencer buys at 10x, the stakes on both sides of the trade go up significantly.
PUMP is up 41% over the last month, and this move pushed it to the edge of the $0.0020 resistance level. A clean break above it opens the path toward $0.0021, where reclaiming that level alongside the 200-day EMA would confirm bullish momentum and set up a potential run toward $0.0022.
Moreover, as the token is approaching the top of its channel, the TD Sequential is close to printing a sell signal. Resistance, trend exhaustion, and elevated supply overhang are all converging at the same level.
PUMP’s sustained breakout and successful retest above the channel would flip that setup entirely. A break below $0.0018 and momentum unravels fast. The next move at this resistance level will define whether this is a breakout or just an influencer-driven spike.
PUMP Technical Outlook: Where Is the Next Move Headed? When the MACD line is trading above the signal line with both lines positioned above the zero line, the PUMP market is in a prime bullish phase. The broader macro trend is upward, and the short-term buying momentum is accelerating faster.
The price is actively making higher highs and higher lows. Any minor intraday pullbacks are short-lived. Buyers consistently step in before the price can retest deeper support levels. Resistance levels are vulnerable to breaking out as the underlying momentum favours the bulls.
An RSI reading of 70.36 signals an overbought market state driven by strong bullish momentum. Crossing above the critical 70 indicates that buyers have pushed prices aggressively higher, causing short-term gains to heavily outweigh losses.
While this demonstrates undeniable buying power, it also flags that PUMP is entering overextended territory. While bullish momentum remains strong, opening new long positions above 70 yields an unfavourable risk-reward ratio until the price consolidates or pulls back.
Crypto Market Highlights
Momentum Compression Builds for Solana (SOL): Which Way Will the Next Move Go?
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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.
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5 minutes ago
OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
5 minutes ago
Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
5 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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Bitcoin (BTC) edges above $65,000 on Tuesday, following the breakout of the 50-day Exponential Moving Average (EMA) at $65,051 the previous day. Easing crypto market risk-off sentiment provides tailwinds for altcoins, supporting an extended recovery. Virtuals Protocol (VIRTUAL) and Uniswap (UNI) have emerged as top performers over the last 24 hours.
CoinMarketCap’s Fear and Greed Index at 37 indicates a steady recovery in market sentiment, suggesting improving investor confidence.
Fear and Greed Index. Source: CoinMarketCapBitcoin extends gains above $65,000Bitcoin holds above the 50-day EMA at $65,051 but remains well below the 200-day EMA at $74,693, which continues to cap the broader trend. This alignment suggests a neutral-to-mildly constructive near-term bias, with the recent recovery supported by the short-term EMA, while the longer-term gauge serves as a distant ceiling.
Momentum is positive, as the Relative Strength Index (RSI) hovers near 57 and the Moving Average Convergence Divergence (MACD) ascends above the zero line, hinting that buyers retain an advantage but face a heavy higher-timeframe barrier.
On the topside, initial resistance is at the $70,000 mark, with a subsequent hurdle aligning near the 200-day EMA at $74,693, where supply could intensify.
BTC/USDT daily price chart.On the downside, immediate support is seen at the 50-day EMA at $65,051, and a deeper pullback would expose the horizontal floor at $60,000, a psychologically important level that previously underpinned the broader structure.
Virtuals Protocol and Uniswap gain bullish momentumVirtuals Protocol extends gains on Tuesday, following a 4% surge the previous day. VIRTUAL token holds above the 50-day EMA at $0.6083, reinforcing a constructive near-term bias.
From a technical perspective, the recovery is heading toward the 50% retracement at $0.7426, measured from $1.1984 to $0.4602. Momentum supports the bullish tone, with the RSI hovering near 61 and MACD in positive territory, suggesting ongoing upside pressure.
VIRTUAL/USDT daily price chart. On the downside, initial support is located around the 50-day EMA at $0.6083; a break below this cluster would expose the structural floor near the 23.6% Fibonacci level at $0.5768.
Uniswap maintains a constructive bullish bias as price holds above the 50-day EMA at $3.2688. The DeFi token tests the 78.6% Fibonacci retracement, measured from $4.1700 to $2.3160, at $3.6769. A decisive close above this level could face an overhead barrier at the 200-day EMA at $3.8672, followed by the Fibonacci anchor at $4.1700.
The RSI at 64 stays in positive territory without reaching overbought, while the MACD hovers just above zero with a flattening profile, suggesting bullish momentum is still present but losing some intensity.
UNI/USDT daily price chart.On the downside, initial support is located at the 50-day EMA at $3.2688 and the 50% retracement at $3.1077.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto asset manager Grayscale on Monday filed an S-1 registration statement for the first US Worldcoin ETF, which would give investors a way to gain exposure to the WLD token through an exchange-traded product.
According to the preliminary prospectus, the Grayscale Worldcoin ETF is intended to list on the Nasdaq under the symbol GWLD.
BitGo Bank & Trust would custody the Worldcoin (WLD), while BNY Mellon would serve as administrator and transfer agent. CSC Delaware Trust Company would serve as a trustee.
The filing does not yet disclose details on management fees, seed investment, authorized participants or liquidity providers.
WLD is an ERC-20 token built on the Ethereum blockchain that serves as the native token of World, a project that uses biometric verification to distinguish humans from bots, which was founded by OpenAI CEO Sam Altman.
The proposed Worldcoin ETF adds to 17 crypto-related exchange-traded products offered by Grayscale, including those tracking Bitcoin (BTC), XRP (XRP), Solana (SOL), Ether (ETH), Dogecoin (DOGE) and Chainlink (LINK).
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.
Bitcoin [BTC] has absorbed a run of blows, and although sentiment looks steadier with the asset testing $64,500 again, the market has yet to earn a bullish label.
Traditional investors appear to be circling back, adding $75.76 million in inflows between the 13th and the 17th of July, yet several forces keep the market in a cautious state. Long-term holders remain at the center of that caution.
Bitcoin long-term holders still need watching Long-term holders are investors who have held their coins for no less than 155 days without moving them, and on-chain data shows this group selling at a loss rather than a profit.
The 7-day moving average of the long-term holder SOPR – the Spent Output Profit Ratio (SOPR), which measures whether coins move at a profit or a loss – sits at 0.94 at press time, below the breakeven mark of 1.
That reading tells us long-term holders have parted with their Bitcoin at roughly a 6% loss so far.
Source: CryptoQuant The figure marks a sharp improvement from earlier in the cycle, when the group sold at a 27% loss and the LTH SOPR fell to 0.73.
Less selling does not translate to full conviction, and the improvement does not mean the market has locked in a rebound, so long-term holders remain exposed to further price swings.
The monthly picture reinforces that caution, with the LTH SOPR showing these investors selling at a 12% loss since June.
History still offers a counterweight, as prolonged stretches of loss-taking have often preceded Bitcoin rallies, including the 2020 and 2023 runs to fresh all-time highs after the market exited similar phases.
Exchange CDD points to short-term holder dominance Exchange Coin Days Destroyed (CDD) weights each moving coin by how long it stayed dormant, which lets analysts see whether long-term or short-term holders drive the coins landing on exchanges, and the metric currently marks short-term, active participants as the dominant force.
An elevated Exchange CDD normally signals that sellers control the market as selling pressure builds, a classic bearish read, yet the opposite is playing out here and points to a more relaxed phase.
Source: CryptoQuant Fewer long-term holders are moving coins, and with that group nursing losses of only about 6%, the setup leans constructive and raises the odds of a faster recovery from current levels.
The exchange reserve reflects that shift, and although long-term holders do not dominate the reserve, they contribute to a decline that has carried it from a high of 2.718 million BTC to 2.704 million BTC.
That drop returns the reserve to its late-June footing, around the 24th of June.
Will US investors keep funding? Economic pressures and the threat of resurgent inflation still weigh on the market.
Inflation cooled over the past week on official readings, yet concern has climbed as the conflict involving the US, Iran, and Israel has escalated. Oil has answered the tension, with WTI crude climbing to $85.59 at Monday’s open, its highest level since the 12th of June.
The inflation worry runs largely through oil, since rising crude lifts production costs across the economy and increases the risk-off mood—and Bitcoin depends on risk-on appetite. Should oil continue to climb, US investors may reduce their exposure through spot US Bitcoin ETFs.
Final Summary Long-term holders have eased their selling, now offloading at a 6% loss versus 27% earlier. Bitcoin still needs a risk-on appetite, so rising oil and fresh inflation fears could push US investors to trim exposure.
Analysts warn that elevated yields may reduce investor appetite for speculative assets by making safer returns more attractive.
A recent auction of 30-year Treasury bonds, sold at a yield of 5.06%, has brought rising long-term US borrowing costs back into focus.
Specifically, it has revived concern among certain market observers about how tighter monetary conditions could impact Bitcoin (BTC) and other risky assets, just as investors are getting ready for the Fed’s next policy meeting.
Treasury Yields Hit a Post-2007 High That 5.06% print is the highest 30-year auction yield since 2007, and it reflects how expensive it has become for the US government to finance its growing debt. Furthermore, the 30-year Treasury yield has also climbed back above 5%, although it remains below the 5.20% peak reached on May 20, which was also the highest level since July 2007.
For comparison, auctions for the same maturity cleared at roughly 2% in early 2022, which pointed to heavier Treasury supply, rising inflation risk, and growing borrowing needs as the reasons the government now has to pay more to attract buyers.
Market commentators at The Kobeissi Letter also flagged the AI investment boom as an added source of pressure, since tech companies issuing record debt to fund AI infrastructure are competing with the government for the same pool of capital. “The US debt crisis is intensifying,” the account wrote.
Meanwhile, Spot On Chain analyst Hupzy called the move a structural headwind for BTC and risk assets, arguing that higher discount rates compress valuations across the risk curve and that yields above 5% make speculative allocation harder to justify.
Hupzy described the fiscal picture as double-edged, since rising debt costs could eventually push the Fed toward a dovish pivot, but said that the near-term signal is “risk-off as markets price deteriorating sovereign credit.” They also pointed to the May 5.20% peak as a level to watch, since a break above it would open a new stretch of sustained high long-term rates.
You may also like: Bitcoin Has Exited Capitulation Regime as Momentum Rebuilds: Analysts What Does $2.3B Stablecoin Exodus From Binance and Bybit Mean for Bitcoin Analyst Says Waiting for Bitcoin’s Four-Year Cycle Bottom Could Be a Costly Mistake Bitcoin was last trading above $64,000, down 1.3% over 24 hours but still up 1.7% over the past week and 1.2% in two weeks. The 30-day change is almost flat at 0.4%, with BTC’s market cap standing at around $1.284 trillion and the OG crypto trading roughly 49% below its all-time high of over $126,000 reached on October 6, 2025.
Fed Meeting Now Takes Center Stage for Crypto Markets Treasury yields will not determine Bitcoin’s direction on their own, and the bond market move has come during a relatively quiet week for scheduled US economic data, with investors focusing on weekly jobless claims, purchasing managers’ index reports, and quarterly earnings from Alphabet and Tesla before the Federal Reserve’s July 29 meeting.
Furthermore, the CME FedWatch data currently assigns an 86% probability that policymakers will leave interest rates unchanged, and, as CryptoPotato reported, an unexpected rate increase could trigger selling across cryptocurrencies and equities because markets have largely priced in no change.
That said, the return of 5% long-term borrowing costs is certainly another macro factor that investors need to watch. And with the Fed decision approaching and bond yields sitting at multiyear highs, any surprise in either market could quickly spill over into crypto trading.
SEOUL – Investing in South Korea’s stock market has yielded huge returns in 2026, but it has been a wild ride.
Volatility on the benchmark Kospi index has topped 60 per cent, almost double that of Japan’s Nikkei 225. It has even put the notoriously skittish cryptocurrency Bitcoin in the shade.
The gyrations have forced the Korea Exchange to trigger its “circuit breaker” mechanism, which puts a temporary halt on trading to prevent flash crashes and investor panic, seven times in 2026 through mid-July.
There was no such halt in 2025 and just one in 2024.
Here are some reasons for the unprecedented volatility in Korean stocks:
The Samsung-SK Hynix phenomenonTwo companies account for South Korea’s roller-coaster stock performance: Samsung Electronics and SK Hynix.
Their profits are exploding as they supply the memory chips required for the new generation of artificial intelligence systems.
The AI boom has sent their stock prices up so far, so fast that they now account for more than 50 per cent of the Kospi.
Listed affiliates of both companies take their share even higher.
As a result, funds tracking the Kospi index have effectively become a giant bet on AI.
When the Kospi closed at a record high in late June, more than 650 of its 831 constituent stocks actually fell.
The valuations of AI-related companies are hostage to swings in investor sentiment.
Hundreds of billions of dollars are being poured into AI platforms and data centres in the hope that the technology’s transformative capabilities will yield vast profits.
For now, AI has not generated enough revenue from end-users to cover the cost of building it.
Leveraged ETFs Leveraged exchange-traded funds (ETFs) are hugely popular in South Korea, and very risky.
They use derivatives and debt to amplify the daily returns of an underlying index or asset – typically by a factor of two.
The sophistication and riskiness of leveraged ETFs mean that in most parts of the world, they are primarily bought by professional traders and investors.
In South Korea, they are actively embraced by individuals investing their own savings, many of whom often lack much formal training in finance.
South Korea’s leveraged-ETF boom has its roots in 2010, when Samsung Asset Management launched KODEX Leverage, a 2x KOSPI 200 product that the firm and South Korean media describe as Asia’s first leveraged ETF.
For more than a decade, Korea’s leveraged-ETF market stayed mostly tied to broad indexes.
The country’s financial regulators recognised the risks when they tried to curb local investor demand for foreign leveraged ETFs in 2025.
But in 2026, they allowed the establishment of more than a dozen such products tracking Samsung and SK Hynix, 90 per cent of which are held by retail investors.
As concerns grew over their destabilising impact, the South Korean authorities announced on July 16 that new listings of single-stock leveraged products would be temporarily halted.
Together with the two chipmaker stocks they track, the ETFs have recently been accounting for more than 70 per cent of daily traded value in the US$4 trillion (S$5 trillion) market, amplifying the price moves in the two underlying stocks.
As the AI trade loses momentum globally, these products have now fallen below their launch prices.
Retail investorsSouth Koreans have long dabbled in the stock market, but the AI frenzy focused on Samsung and SK Hynix has really got them excited.
Local individual investors have poured more than 100 trillion won (S$88 billion) into shares in the Kospi in 2026.
Their money is helping to lower the companies’ cost of capital, supporting ambitious expansion plans.
But it has also added to the share price volatility.
The sellers have often been foreign investors – specifically, fund managers obliged to reduce their positions in Samsung and SK Hynix to ensure their share portfolios are not over-exposed to the two companies.
Foreigners have sold Kospi shares worth around US$108 billion in 2026, with SK Hynix seeing withdrawals of more than US$40 billion.
Institutional investors are more likely to stick with a company that is going through a rough patch and have a clearer view of its fundamental value during waves of euphoria.
Retail traders in South Korea are often hungry for returns and willing to take risks. They are known locally as “ants” for their tendency to act in unison.
When a stock falls, it can trigger a panicked stampede. When it rises, it can induce a wave of buying at inflated prices by small investors anxious not to miss out.
The boom in leveraged ETFs is only making things worse.
Goldman Sachs Group strategists wrote in late June that assets invested in South Korean leveraged ETFs tracking indexes and single stocks had soared to over US$40 billion from US$5 billion at the start of 2026.
“Leveraged ETFs are the principal risk to monitor,” they wrote in a separate note dated July 5.
While the amount of margin debt – borrowing to buy stocks – has eased in recent weeks from a June peak, it remains significantly above the level a year ago.
When a stock market is propped up by borrowed money, it can increase the risk of panic selling when prices start to fall.
“Given that leverage was a meaningful driver of the second-quarter rally in memory names, we remain cautious in calling the bottom,” said Gary Tan, a portfolio manager at Allspring Global Investments. BLOOMBERG
BlackRock has reportedly acquired $116 million worth of Bitcoin, further bolstering its competitive position as a significant institutional player in the cryptocurrency market. This purchase, likely facilitated through its iShares Bitcoin Trust (IBIT) ETF, continues BlackRock’s trend of substantial asset accumulation in 2026, despite fluctuations in Bitcoin’s price. The firm’s ongoing acquisitions have made it the largest institutional holder of Bitcoin, with its total holdings reaching 734,762 BTC as of July 17, 2026. This move aligns with BlackRock’s strategy of leveraging its ETF structures to capitalize on the potential of digital assets.
The acquisition comes as Bitcoin prices hover between $64,500 and $65,600. Market participants appear to interpret BlackRock’s purchase as an indication of increasing confidence in the long-term value of Bitcoin, which may influence market sentiment and price expectations. The news has coincided with increased odds in prediction markets concerning Bitcoin reaching higher price targets in July, suggesting that this institutional activity could be seen as supportive of upward price movements.
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In active prediction markets, the probability of Bitcoin reaching $67,500 by the end of July has increased to 60.5%, up from 48% just 24 hours ago. This shift suggests that market participants may be factoring in the potential impact of BlackRock’s purchase on Bitcoin’s near-term price trajectory. Other price targets, such as $70,000 and $72,500, have also seen increased probabilities, indicating that sentiment around Bitcoin’s price performance is becoming more optimistic.
Key Takeaways BlackRock’s $116 million Bitcoin purchase appears to suggest growing institutional confidence in cryptocurrency as a long-term asset. Market participants show increased optimism, with prediction markets reflecting higher probabilities for Bitcoin reaching $67,500 and beyond in July. The acquisition by BlackRock is consistent with its pattern of steady asset accumulation through its ETF structures, reinforcing its influential role in the cryptocurrency market. What to Watch Observers will be closely monitoring further institutional activities and any subsequent Bitcoin purchases by major entities like BlackRock. The next few days could be pivotal, as any significant market movements or announcements may impact Bitcoin’s price trajectory. Market participants will also be attentive to regulatory developments, especially any actions by the SEC that could influence ETF operations or digital asset markets. These factors could either reinforce or challenge the current upward trend in Bitcoin’s price expectations.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 60.5% — — View market → August 1 2026 23.5% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 3.6% — — View market → August 1 2026 0.2% — — View market → August 1 2026 8.5% — — View market → August 1 2026 0.3% — — View market → August 1 2026 1.1% — — View market → August 1 2026 2.6% — — View market → August 1 2026 1% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.1% — — View market →
Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.
According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.
4 minutes ago
Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.
According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.
4 minutes ago
Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.
According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.
4 minutes ago
OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
4 minutes ago
Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
4 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
Bitcoin prices are at a five-week high, and the asset has moved out of its capitulation zone, according to analysts.
Bitcoin momentum is rebuilding, but confirmation has not arrived yet, said analytics platform Swissblock on Monday as BTC tapped a five-week high of $65,700.
“Bitcoin has exited its capitulation regime and is once again inside the transition area,” they added.
Swissblock identified the current area as “where a new impulse begins, or momentum fades back into weakness.”
Where to Next for Bitcoin? It added that the next test is clear and it needs to “reclaim the ignition line” to push above the “next Inflection point.” “Every sustained rally began with this sequence, but not every transition has succeeded,” it said.
Bitcoin has been in the capitulation zone since early June when it fell below $70,000, having remained below it ever since. It hit a current cycle low of around $58,000 at the end of June and has been trending higher ever since, gaining 12% over the past three weeks, which has moved it into a higher momentum or transition zone.
Is a bitcoin:native breakout on the verge of happening?
Momentum is rebuilding, but confirmation has not arrived yet.
Bitcoin has exited its Capitulation regime and is once again inside the Transition Area.
This is where a new impulse begins or momentum fades back into… pic.twitter.com/m0GBVttR7n
— Swissblock (@swissblock__) July 20, 2026
CryptoQuant analyst ‘Darkfost’ said on Monday that Bitcoin has spent 95% of its time at a higher MVRV. This metric compares market cap, calculated as price multiplied by supply, with its realized value, which reflects the price of each coin when it last moved.
“This shows just how significantly undervalued BTC is today compared to its historical evolution.”
Meanwhile, crypto trader ‘Daan’ said the $65,000 level has capped price for the entirety of July so far, before adding:
You may also like: Bitcoin and Risk Assets Under Pressure as 30-Year Yields Push Above 5% What Does $2.3B Stablecoin Exodus From Binance and Bybit Mean for Bitcoin Analyst Says Waiting for Bitcoin’s Four-Year Cycle Bottom Could Be a Costly Mistake “But I do think the longer price spends here, the more likely the $65K level is to break. Especially with the higher lows being made over the past 3 weeks.”
BTC Price Outlook Bitcoin was trading at $65,500 at the time of writing, following a 1% gain on the day. It tapped $65,700 in late trading on Monday, which is its highest level since June 15 when it topped $67,000 briefly.
Zooming out shows that the asset remains within a seven-week range-bound channel, but at resistance at the upper bounds of that channel.
“If BTC breaks above $66K, the next key level to watch is $66,700,” said Alphractal founder and CEO Joao Wedson.
“This is the Structural Midline, a key on-chain level from the Structural Market Bands that has historically acted as a highly reliable reaction zone,” he said before adding that bears will likely try to regain control around this area.
Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind.(dujin yun/Pixabay)Summary
Bitcoin climbed to a two-week high around $65,500 as a rebound in Asian semiconductor stocks fueled a broader risk rally, with ether and several major tokens also advancing.The move has been supported by five straight days of inflows into U.S. spot bitcoin ETFs totaling more than $600 million, marking the strongest stretch of institutional buying since mid-July.Traders see the Federal Reserve’s late-July meeting as the key test for the rally, with low but fair crypto prices, subdued spot volumes and the prospect of further rate hikes all limiting conviction.Bitcoin climbed to about $65,500 on Tuesday, a two-week high, as the semiconductor selloff that dragged crypto lower last week reversed and Asian chip stocks led a broad risk rally.
The largest cryptocurrency rose 1% on the day and 5% on the week, with roughly $33 billion changing hands. Ether was the stronger of the two majors again at $1,922, up 3% on the day and 8% over seven sessions. XRP added 3% to $1.13 and is up 6% on the week, Solana rose 2% to $78, BNB held at $574 and dogecoin was flat. Hyperliquid's HYPE gained 4% to $63 but remains the only major underwater over the week.
The rebound started where last week's damage did. MSCI's Asia Pacific equities gauge climbed 2%, its first gain in four sessions, with Samsung and Taiwan Semiconductor the biggest contributors.
South Korea and Taiwan benchmarks each rose about 4%, and a tech-heavy mainland China gauge jumped almost 7% as state-linked institutions stepped in. Japan's Nikkei rose 3% after slipping into correction on Friday. The Chinese AI shock that hit chip stocks last week has, for now, given way to buyers returning to the same names.
Two other supports lined up behind the move. U.S. spot bitcoin ETFs have now drawn inflows for five straight sessions totaling more than $600 million, the most sustained institutional buying since mid-July and a reversal of the eight-week outflow run that ran through late June.
And oil, which had climbed for two days on the war, pulled back, with Brent falling 1% to about $88.58 as Iran said mediators were circulating proposals to ease hostilities, including a reported suggestion for a 10-day halt in strikes.
"Current bitcoin and ether prices are low but fair, given the macro uncertainties pervading markets," said Jeff Mei, chief operating officer at BTSE, who pointed to the Fed meeting as the event traders are positioned around.
"Traders expect rates to hold steady but are looking for more signals as to what's to come later in the year,” Mei added.
The read on that meeting is where the rally meets its limit. The Federal Reserve gathers July 28 and 29, and markets put the odds of a July rate increase at about 15%, though a September move is still live.
Spot-market volume across crypto stayed subdued even as prices rose, the sign of a tape lifted by returning risk appetite rather than fresh conviction, and higher oil and Treasury yields remain the levers that could keep the Fed hawkish and cap risk assets.
The same force that set the direction all month is simply pointing the other way now. Bitcoin fell last week because Asian chip stocks did, and it is at a two-week high this week because they bounced.
Bitcoin futures and options show whales still prefer hedging downside risks as socio-economic risks mount.Rising Treasury yields and declines in AI stocks fuel risk aversion, yet BTC’s strength signals continued decoupling.Bitcoin (BTC) showed relative strength over the past week, despite failing to break above $65,500. More importantly, the cryptocurrency has decoupled from traditional markets as investors took profits in memory-chip makers amid fears of excessive valuations in the artificial intelligence sector. Still, judging by Bitcoin’s derivative metrics, top traders are not particularly confident about a rally toward $70,000.
The Bitcoin perpetual futures annualized funding rate stood at a neutral 8% mark on Monday, flat from one week prior. Excessive demand for bullish leverage drives the indicator above the 12% level, which last occurred on July 10. It is unclear if Bitcoin traders’ lack of optimism is somewhat related to contagion fears from the sell-off in tech stocks or the war in Iran.
Nasdaq-100 futures (left) vs. Bitcoin/USD (right). Source: TradingView
The tech-heavy Nasdaq-100 Index dropped below 28,800 on Friday for the first time in five weeks, while Bitcoin displayed strength over the weekend and eventually broke above $65,000 on Monday. Strategy announced a successful raise of $263 million in cash by selling common stock during the prior week, easing concerns of potential Bitcoin sell pressure.
Investors became extremely anxious about Strategy’s $1.76 billion annual dividend payout to its preferred perpetual equity shareholders, in addition to the $2.6 billion of convertible debt maturing in 2028 and 2029. By raising cash reserves to a comfortable $3.22 billion, the company hopes to eliminate the uncertainty caused by unrealized Bitcoin losses held in its balance sheet.
Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas
The Bitcoin 30-day options delta skew stood at 13% on Monday, meaning puts (sell) traded at a premium relative to calls (buy). Under neutral conditions, the indicator should range from -6% to +6%. Despite the modest improvement from the prior week’s 19% delta skew, whales and market makers remain reluctant to hold downside price exposure.
Bitcoin’s resilience amid AI stocks weakness and increased risk aversionThe sell-off in AI-related stocks has also caused investors to act more risk-averse. The sharp declines in the shares of IBM, SanDisk, Oracle, ARM, SpaceX and Intel coincided with a rally in five-year US Treasury yields. Traders demanded higher returns to hold government bonds, indicating they anticipate further expansionary monetary measures due to the ongoing fiscal debt issue.
Gold/USD (left) vs. US five-year Treasury yield (right): Source: TradingView
The US five-year Treasury yield surged to 4.33% on Monday, up from 4.22% two weeks prior. Curiously, gold prices have been in a downtrend since mid-May, suggesting that no asset class has been immune to the deteriorating global economic growth outlook and ongoing geopolitical tensions in the Middle East.
On Monday, US President Donald Trump vowed to retaliate against Iran for a missile strike that killed US soldiers in Jordan, putting risk assets on high alert. Bitcoin’s jump to $65,500 strengthens the case for further decoupling from traditional finance markets amid signs of monetary base expansion. Despite a lack of bullishness in BTC derivatives markets, a rally toward $70,000 could be ignited by weak corporate earnings, especially in the AI sector.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Bitcoin hovered close to $64,200 on Monday morning, maintaining a narrow trading range ahead of the Wall Street open. Traders focused on the influence of semiconductor stocks, ETF inflows, and the $62,500 to $65,000 price band, watching to see whether the top cryptocurrency can reclaim higher levels or revisit recent lows.
Bitcoin holds key range before US market openDuring pre-market hours, Bitcoin traded around $64,245, according to analyst Ted Pillows. The asset remained locked between support at $62,500 and resistance at $65,000, a range that persisted throughout the weekend after US stock markets declined on Friday.
Ether was stable near $1,872, while XRP hovered at $1.09. These moves occurred while US equity markets were closed, leaving crypto to trade mostly on its own momentum ahead of the new week.
Stock market performance continued to weigh on sentiment. Pillows said the current session will provide the first significant test of the rebound seen over the weekend. “I’m watching the clock this morning, the bounce held the whole weekend, BTC is near $64,200 and the fear gauge has thawed, but the test I flagged is now hours away, not days,” Pillows posted on X, noting his cautious stance before the open because equities had been closed during the crypto rally.
BTC has held above $64,000 following a stock selloff, but the key decision comes as US markets open for the week, according to market participants.
The Crypto Fear and Greed Index rose from 25 to 28, signaling a slight improvement in sentiment but still reflecting lingering caution in the market after the recent downturn in chip stocks.
Semiconductors and equities pressure crypto momentumOn Friday, the S&P 500 fell 1.01%, the Nasdaq Composite dropped 1.4%, and the Dow Jones slipped 0.77%. Analysts attributed much of this pressure to major semiconductor firms after Taiwan Semiconductor Manufacturing Company (TSMC) shared cautious capital spending guidance. The performance of semiconductor stocks has played a growing role in influencing digital asset prices because of the sector’s ties to risk appetite and broader technology trends.
Gold surged to a new high near $4,017, highlighting persistent risk-off sentiment. Meanwhile, US 10-year Treasury yields remained unchanged at roughly 4.55%, with real yields close to 2.31%.
Ted Pillows highlighted that Bitcoin’s price action is increasingly correlated with the Nasdaq. If semiconductors stabilize, he observed, Bitcoin could have room to rise toward $65,000. However, renewed selling in equities might drag prices back toward the lower end of the range.
Mini dictionary: TSMC (Taiwan Semiconductor Manufacturing Company) — A multinational semiconductor contract manufacturing firm based in Taiwan, recognized as the world’s largest and leading chip foundry supplying global technology companies.
If the stock market weakness resumes, Bitcoin could come under renewed pressure, increasing the risk of a move below $62,500 support.
AssetFriday’s PerformanceCurrent LevelS&P 500-1.01%–Nasdaq Composite-1.4%–Dow Jones-0.77%–Gold+ New high$4,017Bitcoin–$64,200Ethereum–$1,872XRP–$1.09ETF inflows and Fed blackout keep crypto traders waryBitcoin ETFs logged four consecutive days of net inflows as of Friday, led by the iShares Bitcoin Trust (IBIT), which added $132.3 million on the last reported day. Ethereum ETFs also returned to positive inflows after seeing outflows a day prior.
Pillows also noted the impact of the current Federal Reserve “blackout period” ahead of the Federal Open Market Committee (FOMC) meeting scheduled for July 28-29. With no official Fed commentary to steer rate expectations this week, attention turns to stock market developments and ETF flows. Bitcoin open interest remained close to $48.5 billion, with minimal liquidation activity over the weekend.
This combination keeps the immediate outlook uncertain. If Bitcoin maintains support above $62,500, the next resistance to watch is $65,000. Should selling pressure return at the open, traders may see a renewed test of lower support levels.
Mini dictionary: Fed blackout period — The time ahead of each Federal Reserve meeting when central bank officials refrain from public statements about monetary policy decisions to avoid influencing markets.
ETF inflows remain positive, but with the Fed silent and equities under pressure, traders are closely monitoring Bitcoin’s ability to hold its current range heading into the week.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Vet argues that reserve requirements serve as an important defense against spam attacks and excessive network resource usage.
An XRPL validator has said that he will not vote for another reduction in its account reserves, sparking a community debate over whether lower costs would help adoption or weaken network protections.
The dispute has split community members between those who see lower reserves as necessary for easier onboarding and those who argue that it could strip out a security buffer that the network still needs.
XRPL Reserve Debate Revisits Network Costs and Spam Protection In a July 20 post on X, Hussein Zangana, the XRP Ledger Foundation’s director of community, told his nearly 57,000 followers that the network’s account reserves have already fallen significantly since the network launched.
In 2012, activating an account required 1,000 XRP in base reserves, with Jed McCaleb later reducing the requirement to 200 XRP. From there, reserves came down gradually through validator votes rather than formal amendments, landing at today’s figures: a 1 XRP base reserve to activate an account, plus a 0.2 XRP owner reserve for each token held, including RLUSD or USDC, or for each of up to 32 NFTs.
He said that he’d backed earlier reductions himself, and at the time, the cuts had made sense given XRP’s rising price and XRPL’s beefier server capacity. However, as things stand, he’s drawing a different line.
“We have to be very careful in arbitrarily lowering reserves,” Vet wrote. “There’s a clear reason for its existence and security comes first. The debate should start there.”
According to him, reserves were designed to protect network resources, including storage and memory, by making it more expensive to create a large number of accounts that could be used for spam or DDoS attacks.
The dUNL validator added that he would only vote to lower reserves if the lower requirements could provide the same level of protection the current one does. He further confirmed that he would definitely not vote for higher transaction fees, which he claimed many community members had been using “as an argument to compensate for lower reserves.”
You may also like: XRP Has Stayed in Crypto’s Top 10 for 13 Straight Years – No Other Altcoin Has Done This Binance XRP Reserves at Lowest Since February as Ripple Price Defends Key Support Ripple, Coinbase, Circle Join Linux x402 Foundation to Help Shape AI Payments Where the Rest of the Community Landed Vet did face some pushback, especially from community member Daniel Keller, who argued that lower reserves could help the project attract more users who are unfamiliar with crypto.
According to him, the focus should be on onboarding people outside the existing crypto audience, where sponsors might want to activate accounts on their behalf while keeping down acquisition costs.
Keller also questioned whether Vet’s concerns about spam were overstated and pointed out that the ledger had handled periods of high activity in the past without lower reserves causing any issues.
Meanwhile, another community member, Chris Thompson, raised a different worry: that lowering reserves could make it easier to create more easily disposable wallets, which could increase the surface area for possible exploitation.
Recent XRPL updates have also seen uneven adoption, with only 43% of nodes moving to its v3.2.0 upgrade. The update introduced changes such as reduced memory usage for nodes of between 30% and 40%, as well as improvements tied to network operations.
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.
Sen. Elizabeth Warren (D-Mass.) criticized political action committee spending during elections on Monday, including spending by the cryptocurrency lobby.
‘Fight To Unrig This Broken System’Warren said on X that “dark money groups” are “spending millions” to influence the selection of congressional representatives.
She targeted groups tied to AI, cryptocurrency and the American Israel Public Affairs Committee—the bipartisan political lobbying organization that advocates for pro-Israel policies.
“We must elect fighters who reject corporate PAC money and will fight to unrig this broken system,” the senior lawmaker said.
AIPAC didn’t immediately return Benzinga’s request for comment.
Crypto Leads Corporate Spending In MidtermsA report published at the end of June found that cryptocurrency, artificial intelligence, Big Tech and online betting corporations collectively spent over $290 million in the 2026 U.S. midterm elections.
Federal filings show Fairshake had already blown past that number—over $74 million spent by May 31.
Supreme Court Ruling At The Heart Of The IssueWarren’s criticism mirrors that of Sen. Bernie Sanders (I‑Vt.), who is equally outspoken against big money in politics.
He is unequivocal in his belief that the Supreme Court’s Citizens United ruling must be overturned. The decision lifted numerous campaign finance laws, enabling corporations, super PACs and outside organizations to spend an unlimited amount of money on elections.
Photo Courtesy: Bryan J. Scrafford on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Validator Draws the Line on Reserve ReductionsXRP Ledger validator Hussein Zangana, widely known in the community as Vet, has publicly pushed back against calls to reduce the network's account reserve requirements, saying he will not vote for further cuts unless proponents can demonstrate that the network would remain equally protected against spam and DDoS attacks.
Zangana, who serves as the XRP Ledger Foundation's director of community, shared his position on July 20 with his nearly 57,000 followers on X. He acknowledged that reserves have already fallen sharply since the network launched. The original 2012 requirement of 1,000 XRP was later reduced to 200 XRP by Jed McCaleb. Most recently, on December 2, 2024, validators voted to set the base reserve at 1 $XRP per account, down from 10 XRP, with the owner reserve dropping to 0.2 XRP per item from 2 XRP.
Zangana said he had backed earlier reductions himself, noting the cuts had made sense given XRP's rising price and XRPL's beefier server capacity at the time. But he is now drawing a firm line. The dUNL validator said he would only vote to lower reserves further if the lower requirements could provide the same level of protection the current system does.
Security Over Cheaper OnboardingThe XRP Ledger applies reserve requirements to protect the shared global ledger from growing excessively large as the result of spam or malicious usage, with the goal of constraining ledger growth to match improvements in technology so that a current commodity-level machine can always fit the ledger in RAM.
According to Vet, storage and memory are precious commodities, and it is through the reserve system that the network is able to defend itself against any form of spam and DDoS attack. He added that a 1 XRP base reserve is unlikely to discourage legitimate users, and that long-term adoption depends more on developers building useful applications than on cheaper account creation.
The stance has sparked a wider community debate, splitting members between those who see lower reserves as necessary for easier onboarding and those who argue it could strip away a security buffer the network still needs.
Sources
CryptoPotato: XRPL Reserve Debate Splits Community Over Adoption vs Security
XRPL.org: Lower Reserves Are In Effect (December 2024)
XRPL.org: Reserve Requirements Documentation
The broader cryptocurrency market shows early signs of a bullish recovery, with Bitcoin (BTC) rising above $65,000 on Tuesday, amid improving retail sentiment. Top altcoins, including Ripple (XRP) and Cardano (ADA), are gaining bullish momentum, while Dogecoin (DOGE) continues to consolidate, holding above a crucial support zone.
Ripple regains bullish momentumXRP remains below both the 50-day and 200-day Exponential Moving Averages (EMAs) at $1.1456 and $1.4678, respectively, keeping the pair in a capped, mildly bearish near-term structure. A decisive close above the 50-day EMA at $1.1456 could ease the current downside bias, ahead of a more substantial barrier at the $1.2543 to $1.2700 supply zone.
Momentum, however, is more constructive than price action suggests, with the Moving Average Convergence Divergence (MACD) and its signal line maintaining an upward trend, suggesting a bullish profile. Meanwhile, the Relative Strength Index (RSI) around 53 points to steady, non-overbought conditions that could support further recovery.
XRP/USDT daily price chart.On the downside, the recent reaction low zone just below the $1.0000 psychological support becomes the next area to watch, as a decisive move below it would likely invite renewed selling pressure.
Cardano extends gains toward its 50-day EMACardano holds above $0.1700 at press time on Tuesday, extending the previous day's gains. However, the altcoin remains below both the 50-day EMA at $0.1772 and the 200-day EMA at $0.2882, which keeps the broader tone bearish.
The MACD rises above its signal line after a minor consolidation, rebuilding a positive histogram profile, while the RSI at 53 hints at modest recovery momentum, yet the pair remains capped by the nearby 50-day EMA overhead.
Looking up, if ADA clears above $0.1772, the potential breakout rally could target the support-turned-resistance level at $0.2205.
ADA/USDT daily price chart.Looking down, the key structural floor is the horizontal support at $0.1486, which marks the initial bearish target if selling pressure resumes.
Dogecoin consolidates near key support levelDogecoin maintains a bearish near‑term bias as it stays below the 50‑day EMA at $0.0798 and the 200‑day EMA at $0.1040. The meme coin is consolidating just above the $0.0700 handle after failing to hold the prior horizontal resistance at $0.0777.
The RSI at 39 hints at subdued but stabilizing downside momentum, and the MACD line hovering slightly above its signal line suggests modest bullish attempts within an overall capped structure.
Immediate resistance appears at $0.0777, followed by the 50‑day EMA at $0.0798; only a sustained break above these levels would ease selling pressure and expose the next key barrier at $0.0879.
DOGE/USDT daily price chart.Initial support is seen at $0.0700, where a daily close would likely extend the bearish phase toward $0.0642.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.
According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.
4 minutes ago
Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.
According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.
4 minutes ago
Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.
According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.
4 minutes ago
Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
4 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
4 minutes ago
Spot silver's intraday gain has expanded to 3%
According to Bitget's market data, spot silver's intraday gain has widened to 3%, now trading at $58.1 per ounce.
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.
After weeks of steady decline, Shiba Inu has shown a slight but noteworthy recovery, with the well-known meme asset rising by about 1.7% during the most recent trading session. The move is notable because it came after a protracted period of diminishing momentum and almost constant selling pressure, even though it is insufficient to change SHIB's overall bearish trend.
SHIB has recovered from local lows set earlier in July and is currently trading at about $0.0000114. The rebound occurs as the token makes an effort to hold steady above a crucial support area that has drawn buyers on multiple occasions over the previous few weeks. Technically speaking, the shift seems to be motivated more by seller fatigue than by aggressive new purchases.
SHIB/USDT Chart by TradingViewSHIB is still below all significant moving averages, according to the chart. The long-term market structure is still bearish because the 50-day EMA is close to $0.0000118 and the 100-day and 200-day trend indicators are still significantly higher. Nonetheless, a number of indicators suggest that the downward momentum has started to wane. The RSI is now getting close to the 42 level after recovering from oversold territory.
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This shows that selling pressure is no longer controlling the market to the same extent as it was in June and early July, even though it is still below neutral. The concept of stabilization is also supported by volume dynamics. Speculative mania is not driving the current rebound because trading activity has not skyrocketed. Rather, SHIB seems to be establishing a short-term base following a protracted decline. Overhead resistance continues to be the largest obstacle for bulls.
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The $0.0000118 and $0.0000120 resistance levels have now turned into resistance zones. A successful move above those levels could pave the way for the 100-day moving average and would be buyers' first significant technical victory in months.
On the downside, SHIB would soon be vulnerable to another test of recent lows if support were not maintained at current levels. Traders should not assume that a single green session signals the start of a more significant trend reversal, due to the asset's propensity for extreme volatility.
Ethereum Yet to Be TestedAs the second-largest cryptocurrency continues to recover from the severe June sell-off, Ethereum is getting close to what might be its most significant resistance test in recent months. ETH has risen back toward the $1,900 area after recovering from lows close to $1,550, putting it squarely below a significant technical barrier that may decide whether a move toward $2,000 materializes.
Ethereum is currently trading at about $1,870 and has established a series of higher highs and higher lows throughout July. Growing momentum and a successful recovery of the 50-day and 100-day moving averages have bolstered this comeback. Bulls now have a stronger base than they did a few weeks ago because the 50-day EMA around $1,796 and the 100-day EMA around $1,732 have moved into support. The most significant obstacle is still ahead.
ETH/USDT Chart by TradingViewThe 200-day moving average for Ethereum is currently being tested close to $1,936, a level that has frequently served as resistance throughout 2025. This region is more significant than just a moving average. Additionally, ETH would return above a crucial psychological threshold and greatly improve market sentiment if it broke above the 200-day trend line. The current price structure indicates a rise in buyer aggression.
Despite sporadic profit-taking, Ethereum formed a robust V-shaped recovery after the capitulation event in June and has continued to push higher. Throughout the advance, trading volume has stayed high, suggesting real participation as opposed to a purely speculative bounce.
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Momentum metrics lend credence to the bullish argument. The RSI has increased to about 60, indicating that demand is getting stronger, while it is still below overbought territory. In the event that resistance starts to wane, this allows for another leg higher.
The $2,000 level, which is still the next important psychological and technical target, would probably be reached with a clear close above $1,936. If the price breaks above $2,000, more momentum buying may occur, forcing sidelined investors to return to the market. Failure at current levels, though, might cause a brief decline toward support at $1,800. Such a move would postpone Ethereum's attempt to recover one of the most significant price levels in the market, even though it would not necessarily invalidate the recovery.
Bitcoin's Momentum Is ThereAfter recovering from its dramatic June correction, Bitcoin is quietly gaining momentum. The current technical structure indicates that the market still has room to rise before running into significant resistance. As buyers continue to defend higher lows, the path toward $68,000 seems more plausible, with Bitcoin currently trading at $64,600.
Bitcoin's successful comeback above the 50-day and 100-day moving averages is the chart's most significant development. In contrast to the market structure observed only a few weeks ago, the 50-day EMA near $63,700 and the 100-day EMA around $63,100 are now functioning as support rather than resistance.
BTC/USDT Chart by TradingViewAfter Bitcoin briefly fell below $60,000 due to a sharp sell-off, buyers intervened forcefully, setting off a series of higher lows. The recovery has been gradual rather than rapid, which frequently provides a stronger basis for long-term upward movement. Technically speaking, the next major barrier does not appear until the $68,000 range.
This region is in line with the 200-day moving average, which is currently close to $68,100. Traders are likely to see this zone as the first significant test for the continuing recovery, since long-term trend indicators frequently attract significant selling activity. The bullish argument is still supported by momentum indicators.
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The RSI has increased above 54, indicating that demand is improving without entering overbought territory. This is significant because it implies that Bitcoin still has potential to grow before its momentum becomes stretched.
Following the June panic, volume has also stabilized, suggesting that the market is no longer going through the aggressive liquidation phase that defined the previous decline. Rather, as confidence reappears, participants seem to be progressively rebuilding their positions. But the overall trend is still uneven.
Even though the short-term outlook has significantly improved, Bitcoin is still far from the highs set earlier in the year and is still trading below its 200-day moving average. Bulls must demonstrate that the current comeback is more than just a passing rally. Technically, a move toward $68,000 seems warranted if the current support levels hold.
Reclaiming the 200-day trend line could significantly boost market sentiment and bolster the case for a more significant recovery during the second half of the year, making such a rally a crucial turning point. With $68,000 emerging as the next significant target, Bitcoin's chart currently indicates that the market still has unresolved business to the upside.
Bernstein analysts have raised their price target for Robinhood (HOOD), citing potential growth in the company's prediction market revenue, as well as new revenue streams from perpetual futures and its recently launched Ethereum (ETH) Layer 2, Robinhood Chain.
In a note to investors on Monday, the firm's analysts, led by Gautam Chhugani, raised their target for the exchange's stock from $130 to $160, applying a 2028 calendar-year earnings-per-share estimate of $4.56, 39% higher than the market consensus.
"We maintain a 35x one-year forward price-to-earnings multiple, based on projected revenue, EBITDA, and earnings-per-share compound annual growth rates of 32%, 47%, and 49%, respectively, between 2026 and 2028," Bernstein wrote.
The firm stated that the change is driven by Robinhood's expansion into prediction markets, tokenized equities and perpetual futures. Particularly, it projected revenue from Robinhood's prediction markets business, boosted by the company's Rothera exchange, will hit $1.7 billion by 2028. That reflects a compound annual growth rate (CAGR) of 64% between 2026 and 2028.
Chhugani added that Robinhood and prediction marketplace Kalshi have developed a "frenemy" relationship, as the company has continued to distribute Kalshi's contracts alongside event contracts from its Rothera exchange to users simultaneously.
Robinhood acquired a majority stake in the existing LedgerX exchange in 2025 and rebranded the company to Rothera before launching event contracts in May.
"We model new asset classes, including prediction markets, perpetual futures, and Robinhood Chain, to contribute 18% of total revenue in 2027 and 23% in 2028," Chhugani added.
Robinhood is set to release its Q2 earnings report on July 29, and Bernstein estimates that the company's results will align with market forecasts, adding that prediction-market revenue will offset weakness in its cryptocurrency business.
HOOD climbed above $102 following Bernstein's report but eventually erased those gains, closing at $99.28, a 0.68% decline on Monday.
Major cryptocurrencies are beginning to show signs of recovery after a challenging stretch marked by consistent selling and heightened volatility. Shiba Inu, Ethereum, and Bitcoin have each rebounded from their July lows, testing important resistance zones that could determine the direction of the broader market in the coming weeks.
Shiba Inu holds support, buyers show cautionShiba Inu, a well-known meme-based cryptocurrency, rose by 1.7% in the most recent session, marking a pause in its earlier slide. SHIB recovered from local lows reached earlier in July and is now trading around $0.0000114, attempting to stabilize above a key support area that has previously attracted buyer interest.
Technical analysis indicates that the move is propelled largely by a slowdown in selling pressure, rather than the emergence of significant new buying. With the price still below all major moving averages, including the 50-day exponential moving average (EMA) at $0.0000118, SHIB maintains a bearish long-term structure.
Momentum indicators provide mixed signals. The relative strength index (RSI) has improved from oversold territory, now approaching 42, reflecting a reduction in selling momentum compared with June and early July. Trading volume remains subdued, indicating that speculative fervor is not driving the recent rebound.
For the market to shift decisively, SHIB must overcome resistance at $0.0000118 and $0.0000120. A move above those barriers may enable the price to target the 100-day moving average, which would represent a meaningful technical achievement for buyers.
Overhead resistance at $0.0000118 and $0.0000120 has become the most significant challenge facing bulls; only a successful breakout above these levels could turn market sentiment in their favor.
Should SHIB fail to maintain support at current prices, the token could be exposed to another test of recent lows.
Ethereum targets key resistance after V-shaped recoveryEthereum, the second-largest cryptocurrency by market value, is approaching a major technical milestone after rebounding from sharp June declines. ETH is currently trading near $1,870, having climbed from lows close to $1,550 this month.
Throughout July, Ethereum established a sequence of higher highs and higher lows, reclaiming its 50-day and 100-day moving averages. These short-term averages, now at $1,796 and $1,732, have shifted from resistance to support, strengthening the bullish case.
The main obstacle for Ethereum is the 200-day moving average, positioned close to $1,936. This level has frequently acted as resistance so far in 2025, and a breakout would not only shift the technical outlook, but could also restore positive sentiment among investors.
Momentum signals are improving. The RSI has climbed to around 60, remaining below overbought territory but highlighting renewed demand. Also, sustained trading volume underscores that participation is broad-based and not limited to speculative traders.
A confirmed break above $1,936 could open the way to the next psychological target at $2,000, potentially attracting more buyers and further momentum. However, failure to surpass resistance might see ETH revisit the $1,800 support zone, which could delay its recovery.
Ethereum LevelCurrent Price / IndicatorStatus50-day EMA$1,796Support100-day EMA$1,732Support200-day EMA$1,936Key ResistancePsychological Resistance$2,000Potential TargetMini dictionary: Exponential Moving Average (EMA), a type of moving average that gives more weight to recent prices, providing a more responsive indicator of trend direction compared to simple moving averages.
Bitcoin sets sights on $68,000 resistanceBitcoin has gradually rebounded from its steep June correction, regaining strength as buyers step in to defend higher lows. The largest cryptocurrency currently trades at $64,600, showing continued recovery momentum ahead of the key $68,000 resistance zone.
BTC’s return above its 50-day EMA at $63,700 and 100-day EMA at $63,100 marks a transition where former resistance levels now provide new support. This technical structure suggests improved confidence compared with recent weeks.
Buyers responded decisively after Bitcoin briefly dipped below $60,000, resulting in a steady, rather than rapid, climb. The next significant resistance is the 200-day EMA, located near $68,100, which has historically generated notable selling activity.
Momentum indicators continue to favor an upward move. The RSI has risen above 54, implying healthier demand without nearing the overbought threshold. Stability in trading volume further signals a gradual return of market participants following June’s sell-off.
The $68,000 region represents both a technical and psychological target for Bitcoin; if sustained support holds and the price reclaims the 200-day average, the rally could accelerate and meaningfully boost sentiment for the second half of the year.
Despite the positive short-term signals, Bitcoin remains well below its peak from earlier in 2025. Investors are watching closely to determine whether the recovery can maintain its momentum and break through key resistance levels, setting the stage for further gains.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
A cluster of large Ethereum holders has been quietly stacking $ETH in recent days, with on-chain data from Lookonchain capturing a series of significant wallet moves that have drawn attention across the market.
Dormant Wallets and Fresh Accounts Move Big One previously dormant whale resurfaced after three months of inactivity, spending $20 million in USDC to acquire 10,501 $ETH. Separately, two newly created wallets withdrew more than 86,000 ETH from Binance and Gemini before staking the entire amount, a move that takes supply off exchanges and signals longer-term conviction. Such movements are often associated with large investors who seek to generate passive yield by participating in Ethereum's proof-of-stake consensus mechanism, with staking involving locking up ETH to help secure the network in return for validator rewards.
Adding a historical dimension to the activity, an Ethereum ICO participant also moved 2,000 ETH after remaining inactive for 11 years, a reminder of how deep early-stage holdings can run.
Arthur Hayes Keeps Buying BitMEX co-founder Arthur Hayes added another 1,332.5 $ETH, worth approximately $2.53 million, to his holdings. The purchase continues a broader pattern of accumulation. Lookonchain has flagged Hayes-linked addresses scooping up ETH in a steady streak going back to at least mid-June, when wallets tied to him acquired roughly $5.4 million in ether. Hayes has been vocally bullish on ether's long-term trajectory, arguing that the asset is positioned to benefit from expanding macro liquidity and its central role in facilitating collateral across the decentralized finance landscape.
According to Lookonchain, there are a total of five different wallets believed to be linked to Hayes, with a combined Ethereum balance of around 4,353 ETH, valued at approximately $8.35 million at recent prices.
The broader accumulation trend extends well beyond Hayes. Data from CryptoQuant's Spot Average Order Size indicator revealed substantial whale-sized orders occurring for seven straight days, though the metric captures both buy and sell orders, confirming heightened activity without indicating clear directional bias. The total amount of staked ETH has climbed to an unprecedented 40.93 million ETH.
While the on-chain flows paint a broadly constructive picture, analysts caution that large wallet activity alone does not guarantee price continuation. Traders are watching whether sustained demand from big holders can absorb any near-term profit-taking.
Sources:
CryptoPotato: Arthur Hayes Buys ETH Above $1,900
Bitcoin.com News: Ethereum Whales Load Up
MoneyCheck: Ethereum Whale Accumulates $165M
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.
Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.
According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.
4 minutes ago
Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.
According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.
4 minutes ago
Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.
According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.
4 minutes ago
OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
4 minutes ago
Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
4 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early cryptocurrency holdings, including XRP at $0.10 and Ethereum at around $1.
He says his decision was driven mainly by his aversion to risk, which he "really, really" hates.
"Obviously, I wish I hadn't done those things," Schwartz replied.
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The Ripple veteran explained that the sales were part of an agreement he had made with his wife to gradually reduce exposure whenever his holdings reached new all-time highs.
“But I agreed with my wife to sell at every new ATH and I really, really hate risk,” Schwartz said. “I wish I was more comfortable with risk, but I'm just not that person.”
Unlikely price predictions Schwartz previously revealed that he sold his Ethereum because he viewed extreme price predictions as unlikely
Addressing criticism over the early sale, Schwartz said that his decision was based on probability rather than a lack of belief in crypto’s long-term potential.
“If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05,” Schwartz previously stated.
Ripple veteran no longer holds much XRPDespite once owning a significant amount of XRP, Schwartz has said that he has largely reduced his cryptocurrency exposure and "does not have much left anymore."
In April, Schwartz revealed that most of his remaining crypto holdings had been sold.
"I don't have that much left anymore," Schwartz said. "I've tried to get most of my assets (other than Ripple stock) away from crypto exposure."
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He explained that his preference for lower volatility outweighed the possibility of future crypto gains.
The Ripple executive acknowledged that his decision could cause him to miss out on potentially historic returns but said he was comfortable with the tradeoff.
“I fully recognize that crypto may be a once-in-a-generation chance to get rich that we have not missed yet and that may mean that I miss a lot of it,” Schwartz said.
Schwartz's early XRP position in the token was substantial. At the peak, he held approximately 26 million XRP.
"Me? At my peak holding, I had about 26 million XRP," Schwartz said.
He also explained that his early crypto strategy involved moving into XRP and Ethereum after selling Bitcoin.
He added that his personality played a major role in his approach. The Ripple veteran has repeatedly said that maintaining peace of mind is more important than attempting to capture every possible market gain.
"I don't really feel my wins and my losses really sting. I still have more risk left than I'm comfortable with. But, obviously, I can't really complain,” he said.
Bitcoin price climbed above $65,000 as renewed regulatory optimism strengthened sentiment across the cryptocurrency market on Tuesday.
The total crypto market capitalization rose 1.56% within 24 hours, reaching $2.24 trillion overall. There was also an increase in on-chain activity and inflows into United States spot exchange-traded funds which was beneficial to Bitcoin. The recovery has put the $66,000 resistance level within reach in case the momentum is strong.
CLARITY Act Breakthrough Lifts Market Confidence Investor confidence was boosted following the acceptance of an ethics clause by President Donald Trump associated with the CLARITY Act. The agreement could remove a key obstacle that delayed negotiations for several months.
A source in the industry indicated that the deal came up Monday evening after negotiations between the legislators and the administration officials. The clause concerns limiting the manner in which government officials can use digital resources when they are in office.
Trump Clears Path For CLARITY Act Vote With Ethics Deal
US President Donald Trump has agreed to an ethics provision that could unlock passage of major crypto legislation.
An industry source told The Block the agreement came Monday evening after months of stalled talks.
The… pic.twitter.com/loQB0Sykvu
— BSCN (@BSCNews) July 21, 2026
The bill would separate the regulation of digital assets between the Securities and Exchange Commission and Commodity Futures Trading Commission. Congress needs to do it before the end of early August where congress recess may postpone further development.
Upon passing, the bill would be reintroduced in the House and then go to Trump to be approved. Ethereum price has surged to over $1,900 as part of the wider rally. XRP also managed to stay above $1.20 following the increase of about 5% in the last week.
Bitcoin Open Interest Climbs as Derivatives Volume Surges 95% The Bitcoin derivatives activity intensified as the volume of trading increased by 95% to reach 59.67 billion in the course of the session. The open interest rose by 2.36% to $49.07 billion indicating traders were increasing positions even as the market experienced more uncertainty.
Source: Coinglass data Options trading saw the greatest action, with a gain of 138% and a total volume of $3.25 billion. Meanwhile, options open interest rose 1.86% to $32.67 billion, indicating steady demand for hedging strategies. Generally, the numbers indicate more involvement in the Bitcoin futures and options exchanges, with the most significant growth in transaction volumes.
Spot Bitcoin ETFs Attract $227M as Inflow Streak Reaches 5 Days U.S. spot Bitcoin ETFs attracted $227 million in net inflows on July 20, extending their positive streak to five sessions.
The daily inflows also increased the total ETF net assets to about 79.16 billion as per the market data accompanying.
Spot Ethereum ETFs recorded $38.09 million in net inflows during the same trading session.
Spot Bitcoin ETFs Record $227M in Net Inflows on July 20
On July 20 (ET), U.S. spot Bitcoin ETFs recorded total net inflows of $227 million, marking the fifth consecutive day of net inflows. U.S. spot Ethereum ETFs saw total net inflows of $38.09 million. pic.twitter.com/bXok2eaMkN
— Wu Blockchain (@WuBlockchain) July 21, 2026
The numbers depicted that institutional demand was still alive in the major cryptocurrency investment products.
The sustained inflows may aid in wider market sentiment in future trading sessions.
Bitcoin Price Outlook: Will BTC Reach $66,000 After This Breakout? The latest BTC price soared to $65,442, extending its recovery as buyers maintained control above the $65,000 support zone.
The four-hour chart showed Bitcoin prices between $65,140 and $65,623, with consistent demand around the latest highs. The asset increased by 3% in the previous candle, which illustrates increased purchasing activity in the market.
The MACD was bullish with its main line above the signal line. Its positive histogram also reflected positive upward momentum. The RSI, in the meantime, stood at 62, still not in the overbought range.
An established breakout at the higher end of $66,000 would open the way to $67,000 and then $68,000. Nonetheless, to maintain the short-term bullish setup, the future Bitcoin outlook will be required to maintain a value of $65,000.
Source: BTC/USDT 4-hour chart: TradingView Any drop below that support may propel BTC to $64,000. The additional weakness can reveal the exposure of the $63,000, wherein buyers might seek to recover once more.
Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early XRP and Ethereum holdings, while explaining that risk management drove the decisions rather than a loss of confidence in cryptocurrency.
Summary
David Schwartz says risk aversion drove early XRP and Ethereum sales despite later price gains. Schwartz followed a family agreement to sell at new highs, reducing long-term crypto exposure substantially. The XRP Ledger co-creator once held about 26 million XRP before steadily cutting holdings down. Schwartz addressed the sales in a July 20 post on X after another user raised his history of selling XRP at $0.10 and Ethereum near $1. “Obviously, I wish I hadn’t done those things,” he said.
However, he added that he had agreed with his wife to reduce exposure whenever his holdings reached new highs because he strongly disliked financial risk.
Obviously, I wish I hadn't done those things. But I agreed with my wife to sell at every new ATH and I really, really hate risk. I wish I was more comfortable with risk, but I'm just not that person.
— David 'JoelKatz' Schwartz (@JoelKatz) July 20, 2026 Risk aversion drove Schwartz’s early crypto sales Schwartz has discussed his early exits several times in recent months. In January, he said he started selling XRP when the token reached $0.10 because that price appeared extremely high at the time. He also recalled believing that XRP reaching $0.25 was unlikely, showing how different market expectations were during the asset’s early years.
His Ethereum sale followed a similar pattern. Schwartz has previously said he sold 40,000 ETH at about $1.05 each. In May, he explained that he would have held the tokens if he had believed there was even a small chance that Ethereum could later reach thousands of dollars.
“If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05,” he wrote.
If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05. I'm still not sure the odds of that happening really were more than 1% at the time. 😉
— David 'JoelKatz' Schwartz (@JoelKatz) May 4, 2026 The latest comments make clear that Schwartz now regrets the missed returns. However, his explanation centers on his personal approach to risk. Selling at new highs allowed him to reduce exposure to assets whose future prices remained highly uncertain at the time.
His decisions also covered Bitcoin. Schwartz has previously acknowledged selling much of his early Bitcoin holdings at prices far below later market levels. His comments have repeatedly presented those sales as part of a broader effort to manage volatility rather than a specific judgment that the underlying networks would fail.
Former Ripple CTO has reduced his personal crypto exposure Schwartz once held a much larger XRP position than he does. As previously reported, his historical XRP holdings peaked at about 26 million tokens. He has since reduced that exposure and said in May that he had moved much of his wealth outside cryptocurrencies, apart from his Ripple equity.
That approach means Schwartz still has financial exposure to the digital asset industry through Ripple while holding fewer cryptocurrencies directly. He has not provided a complete public breakdown of his current portfolio, making it difficult to determine exactly how much XRP, Bitcoin or Ethereum he still owns. His recent statements instead focus on the broader shift toward lower personal crypto exposure.
The strategy also explains why his early sales continued even as cryptocurrency prices moved higher. Schwartz said his agreement with his wife called for selling at every new all-time high. Such sales locked in gains while gradually lowering the share of the household’s wealth tied to volatile digital assets.
His latest remarks do not present that approach as the best strategy for other investors. Rather, Schwartz described a personal preference that favored lower risk, even when that choice meant giving up the possibility of much larger returns.
Early XRP sales return to a wider price debate Schwartz’s comments come months after his previous statements about XRP price forecasts drew attention from the community. In January, he said that selling XRP at $0.10 once seemed reasonable because even $0.25 appeared unlikely to him. The example formed part of his response to claims that XRP could eventually reach much higher price targets.
The discussion also followed renewed attention around one of his older XRP posts. As crypto.news reported in April, Schwartz rejected claims that a 2017 discussion about XRP liquidity represented a guaranteed price prediction. He said the comments explained the relationship between asset value, liquidity and transaction size rather than promising holders a specific future price.
His latest admission does not introduce a new XRP forecast. Instead, it adds personal context to his earlier trading decisions. Schwartz has repeatedly acknowledged that he underestimated how high several cryptocurrencies could rise while also maintaining a cautious approach toward extreme future price targets.
The distinction has remained central to his recent comments. His regret concerns the returns he missed by selling early, while his explanation focuses on the information and probability estimates available to him when he made those decisions.
Schwartz remains active around XRP after leaving daily leadership Schwartz stepped away from Ripple’s day-to-day chief technology officer duties at the end of 2025 and became CTO Emeritus. However, he has remained involved with the company and the XRP Ledger community. As previously reported, he said he planned to continue coding, running independent XRPL infrastructure and researching new uses for XRP.
His involvement has continued through 2026. In June, Schwartz backed the XRP Ledger 3.2.0 upgrade by updating his independent hub server. The release included changes affecting XRPL infrastructure and tools connected with decentralized finance, lending and tokenized assets.
More recently, as crypto.news reported, Schwartz continued discussing the long-running legal debate surrounding XRP and Ripple’s case with the U.S. Securities and Exchange Commission. He argued that the regulator had originally used broader language about XRP before the court later separated the token itself from the circumstances surrounding particular sales.
Schwartz’s latest comments remain focused on his own financial decisions. His early XRP and Ethereum sales produced returns at the time but left him without much of the later upside. More than a decade later, he continues to describe those decisions through the same framework: he accepts that reducing risk can also mean selling an asset long before it reaches its eventual peak.
David Schwartz, CTO Emeritus of Ripple, stated that he significantly reduced his XRP and Ethereum holdings over the years, citing a strong dislike of risk as the primary motivation behind his decision. Ripple, a San Francisco-based fintech company known for its blockchain-based payments network and the XRP cryptocurrency, has been at the center of major developments in the digital asset sector. Schwartz, recognized as a key technical architect of the company, revealed that his approach led him to miss out on substantial gains during crypto market surges.
Reducing Holdings Amid Market HighsSchwartz explained that a personal agreement with his wife required him to sell a portion of his cryptocurrency holdings each time they reached a new all-time high. This strategy, aimed at gradually lowering risk, led him to part ways with significant amounts of XRP and Ethereum during periods of price appreciation. He admitted to selling XRP at $0.10 and Ethereum at around $1, far below the peaks these assets later achieved.
Schwartz emphasized his deep aversion to volatility and risk, noting that emotional well-being influenced his financial decisions more than the possibility of outsized returns. He said that he is not comfortable taking large risks, even if it means stepping back from potential “once-in-a-generation” opportunities.
“I wish I was more comfortable with risk, but I’m just not that person. I agreed with my wife to sell at every new all-time high and I really, really hate risk,” Schwartz reflected.
According to Schwartz, maintaining financial and emotional stability took priority over maximizing wealth, even though his decisions sometimes resulted in missed profits.
Defending Probabilistic SellingFacing criticism over selling major digital assets too early, Schwartz clarified that his approach was rooted in probability and self-awareness rather than a lack of belief in the future of cryptocurrencies. He said that, for him, the high valuations projected by some in the community appeared too far-fetched to justify holding long term at higher risk levels.
If he believed there was even a 1% chance that Ethereum could reach $2,368, he would not have sold at $1.05, Schwartz explained in previous remarks.
In April, Schwartz reported that he had sold most of his remaining cryptocurrency holdings, preferring to keep the bulk of his wealth away from the volatility of digital assets. At his peak, he held approximately 26 million XRP, a stake that has been substantially reduced over time.
He also disclosed that, after liquidating his Bitcoin positions, he moved into XRP and Ethereum, but gradually converted much of his portfolio back into more stable holdings. As of his latest public statement, Schwartz holds only a small amount of crypto aside from his Ripple stock.
Looking back, Schwartz said he has accepted the possibility that he may forgo life-changing gains, but prefers the peace of mind from avoiding extreme volatility. For him, a measured approach outweighs the allure of chasing unpredictable returns.
Mini dictionary: Ripple is a technology company specializing in real-time gross settlement systems, currency exchange, and remittance networks, utilizing distributed ledger technology. XRP is its associated cryptocurrency, used for facilitating cross-border payments and liquidity.
AssetSchwartz’s Sale PricePeak Price (Historical)Peak HoldingsXRP$0.10$3.8426 millionEthereum (ETH)$1$4,878UndisclosedDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
This Tuesday, July 21, 2026, Russia is about to take a new step in the regulation of digital assets. The State Duma is indeed beginning the final reading of a bill that will regulate investors, crypto platforms, as well as cross-border payments. Analysts already see it as a double-edged strategy: attracting foreign capital without relaxing control over the domestic market.
In Brief The State Duma of the Russian Federation will examine bill no. 1194918-8 in second and third readings. The text creates the first comprehensive legal framework for digital assets in Russia, under the supervision of the Bank of Russia. If adopted, the main provisions will come into effect as of September 1, 2026. A Reform That Promises Legal Status for Crypto Assets Submitted by the Russian government on April 1, 2026, bill no. 1194918-8 is titled “On Digital Currency and Digital Rights.” It passed its first reading on April 21, 2026, with 327 votes in favor out of 340 voters. This was followed by approval by the State Duma’s financial markets committee, chaired by Anatoly Aksakov in early July. This Tuesday, July 21, it will move to second and third readings for a final vote.
Already, crypto analysts highlight two key points:
The new law legally classifies cryptocurrency as a property asset and not as legal tender. It also officially recognizes crypto-assets as property rights while entrusting supervision of the sector to the Bank of Russia. In other words, the ruble remains the only currency having legal tender in Russia. Furthermore, it is entirely possible (and legal!) to hold bitcoin, Ether, or any other crypto asset. Russians will even be able to buy or sell digital assets. However, they will not be allowed to use them to pay for everyday purchases.
For some crypto experts, the reading of this bill is thus clear: Russia considers digital assets as financial instruments rather than as currency.
Is the Russian Crypto Market on the Brink of Change? Bill no. 1194918-8 classifies crypto investors into two categories:
qualified; non-qualified. The first is a status regulated by Article 51.2 of the federal law “On the Securities Market” (law no. 39-FZ). To obtain it, at least one of the following criteria must be met:
assets or financial holdings exceeding a certain threshold (in the order of several million rubles, the threshold raised by the Bank of Russia in 2025); proven professional experience in financial markets; a diploma or specific certification recognized by the Bank of Russia; or, for legal entities, size criteria (equity, turnover) that effectively make them institutional players (insurers, management companies, investment funds…). The second group covers the vast majority of individuals. If the new crypto law is passed, they will see their investments capped at 300,000 rubles per year when purchasing crypto assets through a regulated intermediary. This represents between $3,800 and $4,000. For international transfers, the annual cap is 100,000 rubles.
Qualified investors will benefit from a more flexible regime. According to RBC, they will be able to:
acquire up to 3 million rubles worth of cryptocurrencies per year; transfer up to 1 million rubles abroad. Another key element: no purchase limit.
The Crypto Law Also Provides Enhanced Control Over Intermediaries The reform requires a license from the Bank of Russia for all crypto exchanges. The same applies to brokers, custodians, and other intermediaries. Licensed platforms could even act as tax agents. In other words, they will be authorized to directly collect income tax from crypto investors. Unauthorized exchanges could be banned starting July 2027. This date corresponds to the entry into force of the new crypto law if approved by the Duma.
As for mining, it remains under the supervision of the Federal Tax Service, not the Bank of Russia. This distinction reflects the legalization of mining by a law signed by Vladimir Putin in 2024.
An important technical detail: the bill dropped an initial requirement to disclose individual wallet addresses. Reporting will focus on balances and transaction flows.
Decrypting: private crypto wallets could interact with the licensed Russian infrastructure. However, enforcement rules remain to be clarified. The text does not name any specific crypto (neither Bitcoin, nor Ethereum, nor stablecoins). This leaves the door open to any digital currency deemed useful for foreign trade.
A Fully Assumed Crypto Strategy Analysts agree on one point: the timing of the Russian Parliament is no accident. Since 2022, Western sanctions have systematically cut Russia off from the traditional financial infrastructure. This notably includes the exclusion of certain Russian institutions from the SWIFT network. The bill thus constitutes a response to a structural constraint: making cross-border payments when conventional channels are locked.
That’s not all! The Duma vote also comes at a moment of global regulatory convergence. In the United States, the CLARITY Act is gaining ground in Congress. In Europe, the MiCA regulation is being implemented. In Asia, Singapore, Hong Kong, and Japan are refining their frameworks. Russia, for its part, chooses a distinct path: not integrating crypto into an existing financial market, but transforming it into a monetary sovereignty infrastructure.
For investors, this implies two things:
On one hand, cross-border legalization strengthens bitcoin’s status as a neutral and borderless asset. On the other hand, liquidity concentration in state operators’ hands and sanction risks limit immediate appeal. One thing is certain: through its approach, Russia reaffirms its desire to integrate crypto-assets into its financial architecture. The next closely watched step: the publication of implementing regulations by the Bank of Russia.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
