Track market-moving stories before they get noisy

13h05 ▪ 3 min read ▪ by Eddy S.

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Does Bitcoin follow an unchanging rhythm? A viral theory claims its price is locked in cycles of 1,064 days of increase followed by 364 days of decline, with a key date: October 9, 2026. Will BTC escape its grim fate?

In Brief A theory claims that Bitcoin follows cycles of 1,064 days of rise and 364 days of decline, with a pivot point expected on October 9, 2026. This model is based on historical observations but ignores external factors (regulations, economic crises). Open debate: coincidence, confirmation bias, or immutable law of crypto markets? The Bitcoin Cycle Theory: A Mathematical Model That Defies Chance For years, a theory has intrigued crypto investors. Bitcoin allegedly follows a repetitive and predictable cycle, alternating between rising phases (1,064 days) and falling phases (364 days). According to this model, each cycle ends with a precise pivot point, like October 9, 2026… The date on which a new bearish phase would begin. Proponents of this theory emphasize that this pattern has repeated without exception since 2015. Indeed, charts show green zones (rise) and red zones (decline) with a disconcerting regularity.

For them, this is not a prediction, but a mathematical observation based on BTC’s history. However, this approach raises doubts. Financial markets are influenced by external factors (regulations, adoption, economic crises) that can easily disrupt this model. Moreover, Bitcoin remains a speculative and volatile asset, where past cycles do not guarantee future outcomes. So, coincidence?

BTC: A Cyclical Asset or a Mirror of Market Psychology? Bitcoin is often compared to a cyclical asset like gold or technology stocks. But unlike these, its price is extremely sensitive to investor psychology. Halvings, for example, are another well-documented cyclical phenomenon, often correlated with Bitcoin bull runs. Yet, this event has economic foundations (increased scarcity), unlike the 1,064-day theory, which relies solely on past observations.

In a market as chaotic as crypto, investors seek reassuring patterns and see in these different theories a confirmation bias and above all… a regularity too perfect to be ignored. One thing is certain: if this theory proves true in October 2026, it could either strengthen confidence in cyclical models or trigger widespread panic in case of failure.

Is Bitcoin doomed to repeat its cycles? The October 9, 2026 theory fascinates but divides. One thing is sure: markets love narratives. And you, do you believe in this programmed crash of BTC?

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Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

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.

US reportedly planning special operations raid on Iran’s nuclear facilities, and crypto markets are already on edge

Poolin, once the largest Bitcoin mining pool, has filed for Chapter 11 bankruptcy in New Jersey. The Singapore-based company, which previously controlled up to 20% of the global Bitcoin hashrate, cited substantial liabilities of approximately $173.1 million against assets valued between $1 million and $10 million. The bankruptcy filing includes two U.S. affiliates and marks the end of Poolin’s mining operations. The company is seeking to sell its remaining mining sites in West Texas through a court-supervised process, with a $52 million stalking-horse bid already in place. This development underscores the ongoing volatility in the Bitcoin mining sector.

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Key Takeaways The bankruptcy of Poolin suggests a shift in the Bitcoin mining landscape, with markets reflecting uncertainty in the sector. Market pricing implies a reduced likelihood of Bitcoin reaching higher price targets by the end of July, with decreased YES percentages across several sub-markets. The filing is consistent with increased sell pressure due to operational wind-downs, potentially affecting Bitcoin price targets negatively. What to Watch Observers should monitor the market reaction to the sale of Poolin’s assets and its impact on Bitcoin’s hashrate distribution. Additionally, key indicators will include the market’s response to potential changes in mining costs and regulatory developments that could further influence Bitcoin’s price trajectory. With only a week left until the end of July, developments in mining capacity and investor sentiment will be crucial in shaping Bitcoin’s short-term price movements.

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Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 21.5% — — View market → August 1 2026 4.8% — — View market → August 1 2026 4.4% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.2% — — View market → August 1 2026 2.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.9% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →

Yemen’s Houthi movement claimed responsibility for missile strikes targeting Saudi Aramco facilities in Jizan and Yanbu on July 25, 2026. The attacks mark the first direct strike on a Saudi refinery complex in four years, and the timing could hardly be more combustible.

Brent crude surged to $100 per barrel in the immediate aftermath, a roughly 40% climb over the course of July 2026 alone, before pulling back to stabilize in the $89 to $90 range.

A coordinated pressure campaign, not a one-off strike The refinery attacks did not come out of nowhere. On July 20, the Houthis announced a naval blockade targeting Saudi shipping. Two days later, on July 22, the group claimed attacks on two Saudi oil tankers in the Red Sea, the Encelia and the Layla.

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The Bab el-Mandeb Strait sits at the southern end of the Red Sea and connects it to the Gulf of Aden. Roughly 10% of global seaborne trade passes through it.

The Houthis have demonstrated before that they can make shipping through this corridor expensive, unpredictable, and in some cases impossible. Their drone and missile campaign against commercial vessels beginning in late 2023 forced major shipping lines to reroute around the Cape of Good Hope, adding weeks and significant cost to global supply chains.

No casualties from the July 25 strikes have been confirmed. The physical damage to Aramco infrastructure has not been publicly detailed either.

Crypto catches the risk-off flu Bitcoin and XRP both saw price declines following the attacks and the broader surge in regional volatility.

The Houthis have a documented history of using cryptocurrency to finance operations and circumvent sanctions. No specific tokens have been directly linked to the July 2026 campaign in available reporting, but the broader pattern is established. The U.S. Treasury and allied regulators have previously flagged crypto-based fundraising networks tied to the group.

What investors should watch from here The stabilization of Brent in the $89 to $90 range after the $100 spike suggests markets are not yet pricing in a full supply disruption.

Yanbu sits on the Red Sea coast and is one of Saudi Arabia’s largest refinery and petrochemical hubs. Jizan is further south, closer to the Yemeni border, and its refinery serves both domestic demand and export flows. Strikes on both in a single claimed operation signal that the Houthis are targeting infrastructure diversity, not just symbolic value.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Summary Bitcoin is testing the floor of its ascending channel near $63,500 The 0.382 Fibonacci retracement overlaps with channel support and reinforces that level Volume stayed quiet on the drop, which points to profit-taking rather than a breakdown The next 4-hour close on either side of $63,500 decides the near-term trend Bitcoin traded at $64,081 on Binance in the early hours of July 25, sitting just above the base of the ascending channel that has shaped its climb since early July. The pullback started after price stalled at $66,973 on July 21, and it has carried the market into the lower third of that channel. What makes the current level worth watching is overlap. The rising channel floor and the 0.382 Fibonacci retracement both land near $63,500, and that turns the zone into the line between an ordinary dip and a broken trend.

Where the channel and the fib agree on one floor A single support line is easy to lose. Two support lines stacked at the same price are much harder to break, and that is exactly where Bitcoin sits on the 4-hour chart. The rising lower edge of the channel runs near $63,500, while the 0.382 retracement sits almost on top of it at $63,517.

The logic behind that overlap is simple enough. When two independent levels converge on the same price, traders tend to defend the zone harder than they would defend either line on its own, and a failure there carries more weight. A clean 4-hour close under $63,500 would take out the channel and the Fibonacci level in a single move, and that is a far sharper bearish signal than either giving way alone.

Level Price Role right now Swing high (0) $66,973 July 21 top and ceiling of the current range 0.236 $64,838 Flipped to resistance, price needs to reclaim it 0.382 $63,517 Overlaps channel support, the floor that matters 0.5 $62,450 First target if the floor breaks 0.618 $61,382 Deeper support that would question the rally Swing low (1) $57,926 Origin of the June to July move The 0.236 flip that now caps any rebound Right now price is boxed between the 0.236 retracement at $64,838 overhead and the 0.382 at $63,517 below. The large red candle on July 24 knocked it out of the upper half of that box, and it has been drifting around $64,000 ever since. For most of the past week the 0.236 acted as a shelf that price rested on. It has since flipped into resistance, and that flip is the reason the short-term bias stays tilted lower. Buyers have to take $64,838 back with conviction before the picture changes, and until they do, every push higher runs into sellers at a level that used to support them.

Momentum cools while volume stays quiet The RSI on the 4-hour chart has dropped to 37 on the fast line, with its signal at 42.76, and both are rolling over from the highs they printed on the July 21 push. A reading in the mid-30s tells you selling pressure has built up and buyers have eased off, though it has not reached the sub-30 zone that flags an oversold snap-back. Momentum is fading here, not reversing. If price defends the $63,500 confluence while RSI sits this low, that combination has set up bounces before.

Volume backs up the calmer read. The slide off the highs arrived without a distribution spike, and no capitulation candle showed up anywhere on the pullback. Quiet volume on a decline usually means holders are trimming positions rather than dumping them in a rush. A break of the lower boundary on heavy volume would flip that interpretation fast, so it is worth watching the size of the candles as much as their direction.

Funding near zero says leverage is not the pressure The OI-weighted funding rate reads 0.0019%, effectively flat. Positive funding means longs are paying shorts to hold their positions, and a high reading usually marks a crowded, overheated market that snaps back hard when it unwinds. This one barely clears the zero line, so Bitcoin is holding its channel without a wall of leveraged longs stacked behind it. According to data from CoinGlass, liquidations over the past day ran to $68.21 million and leaned on longs, a modest figure that fits the profit-taking story rather than pointing to any leverage blow-off.

What the next 4-hour close decides The chart hands traders a clean binary around $63,500.

If the floor breaks:

The 0.5 retracement at $62,450 is the first stop, and it is the line that separates a healthy pullback from a questionable one The 0.618 at $61,382 comes next, and losing it would put the whole June to July advance in doubt If support holds:

Reclaiming the 0.236 at $64,838 is the first job for buyers The $65,500 shelf sits above that A push back to the channel top and the $66,973 high rounds out the upside path With funding flat and no volume spike on the way down, there is no leverage story forcing the market’s hand, so the decision at $63,500 rests on plain spot supply and demand rather than a chain of forced sellers. That gives any breakdown from here a different character than a squeeze-driven flush would carry. The trigger for the other direction stays fixed at one number. A 4-hour close back above $64,838 is what turns this from a market on the defensive into one working toward the channel top again.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A unique situation has emerged in the XRP market: while Ripple continues expanding its business, the token itself risks falling into a deep two-year sleep. A fresh technical analysis based on Bollinger Bands via TradingView shows that the chart is now effectively projecting the previous accumulation cycle of 2022–2024.

The conclusion of the mathematical model is harsh — a breakout from the prolonged sideways trend is not expected until August 2028.

XRP price history repeats itselfThe logic behind the long-term forecast is simple: XRP, like any other established cryptocurrency, tends to repeat its own cycles. Between 2022 and 2024, the token spent 791 days in deep accumulation, after which a powerful impulse pushed the price to a peak of $3.55, after which a gradual correction began.

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Right now, XRP is trading within the $1.06–$1.10 range, while the Bollinger Bands are beginning to contract again on higher time frames. If the historical pattern repeats, the asset could face another two years of horizontal price action — dull and exhausting for speculators.

XRP price outlook in context of Bollinger Bands and 791-day accumulation from 2022-2024, Source: TradingViewThe current news environment clearly explains why the Bollinger Band model has a strong chance of materializing in practice, and institutional interest in U.S. spot XRP ETFs fading to a symbolic $2 million–$12 million per week is a stark proof of this scenario.

At the same time, the launch of the Ripple Mint platform for the RLUSD stablecoin, which has a market capitalization of $1.5 billion, reinforced the skeptical view — banks are adopting Ripple's infrastructure, but they do not need to purchase XRP itself for settlements. 

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The situation is further complicated by the political deadlock in the United States, where Polymarket currently places the probability of the CLARITY Act being passed this year at only 42%.

As a result, the current balance of power in the market comes down to two key scenarios:

Bearish case: The absence of organic demand from banks, declining ETF inflows, and regulatory deadlock deprive the token of growth drivers, forcing retail investors to sell their holdings.Bullish case: Large wallets, or whales, are aggressively buying the supply sold by capitulating investors, forming a reinforced price floor ahead of a powerful technical Bollinger Band breakout.As the market remains constrained by uncertainty and the absence of retail demand, XRP is entering another phase of long-term accumulation, and in the worst-case scenario, investors may have to remain patient until the end of summer 2028.

MoonPay has introduced Discover card support to its US payment platform, enabling eligible customers to purchase and sell thousands of cryptocurrencies using Discover-branded cards. The move places Discover alongside Visa and Mastercard as accepted credit card networks on the MoonPay platform, increasing payment flexibility for US-based crypto users.

Discover joins Visa and Mastercard on MoonPayWith this integration, US users can now fund crypto transactions through Discover, in addition to previously supported card networks and payment options such as Apple Pay, Google Pay, PayPal, Venmo, and standard bank transfers. The expansion allows cardholders to buy and sell prominent digital assets including Bitcoin, Ethereum, BNB, XRP, Solana, TRON, Hyperliquid, and Zcash.

MoonPay, founded in 2019, has established itself as a global leader in cryptocurrency payment infrastructure, serving over 30 million customers in 180 countries. The company also supports more than 500 enterprise clients in sectors ranging from crypto exchanges to wallets and fintech platforms.

The addition of Discover provides businesses integrating MoonPay’s solutions with immediate access to the network, removing the need for additional technical integration work. This benefits both end users and enterprise customers seeking broader payment coverage.

Richard Harrison, Vice President of Banking and Payments Partnerships at MoonPay, stated that expanding payment methods aims to reduce barriers preventing users from completing crypto transactions. He explained that the goal is to let customers access digital assets with the payment cards and methods they already use daily.

Expanding access to payment methods like Discover helps remove friction points and gives customers more options to buy digital assets with familiar tools.

Although MoonPay now officially supports Discover, transaction approvals will still depend on policies set by the financial institution that issued the card. Issuer-specific fraud controls, compliance standards, and risk assessments determine whether any given purchase can proceed.

This represents Discover’s most significant move into crypto payments so far. While Visa and Mastercard have built deep partnerships with exchanges and payment firms, Discover has traditionally maintained a limited presence in the space.

The MoonPay partnership could signal a larger role for Discover as crypto adoption expands in mainstream finance.

Mini dictionary: MoonPay, founded in the United Kingdom in 2019, specializes in crypto payment processing and on-ramping services, offering regulated access to hundreds of digital assets for both retail and enterprise customers globally.

Card NetworkSupported by MoonPayAvailability for Crypto PurchasesVisaYesYesMastercardYesYesDiscoverYesYes (dependent on issuing bank’s policy)Compliance and issuer restrictionsDespite MoonPay providing the technical capability, approval for crypto transactions using Discover cards ultimately remains at the discretion of each card-issuing bank. Regulatory requirements, anti-fraud systems, and internal compliance measures can lead to variable outcomes for individual cardholders.

Approval success will likely differ by institution, with some banks permitting crypto purchases and others blocking them on policy grounds. This means that while millions of Discover cardholders are now potentially eligible to participate in the cryptocurrency market through MoonPay, actual availability will vary.

Card availability still depends on the issuer’s stance, as banks control whether Discover cards can complete transactions for digital assets on MoonPay.

MoonPay’s integration of Discover builds on the company’s broader strategy to streamline digital asset access for both retail and institutional clients. Earlier this year, MoonPay launched AI-powered agents capable of creating self-custodial wallets and executing blockchain transactions autonomously. This reflects a continued push to innovate at the intersection of traditional payments and digital finance.

The partnership with Discover reflects ongoing efforts from MoonPay to bridge the gap between conventional banking and the emerging world of cryptocurrencies, offering more regulated entry points for new investors.

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.

Fresh comments from Patrick Witt, the White House’s lead crypto advisor, have clarified expectations surrounding the Digital Asset Market Clarity (CLARITY) Act as lawmakers prepare for their August recess. The Biden administration stated that, although the bill is not expected to receive Senate approval before August, efforts remain underway to ensure it advances procedurally in the coming weeks.

Thune’s remarks and Witt’s responseSenate Majority Leader John Thune recently indicated that the CLARITY Act was unlikely to pass the Senate ahead of the August break, a view echoed by the White House. Despite this, both sides continue to express optimism about achieving meaningful progress on the legislation before Congress departs for summer recess.

Asked about Thune’s comments, Patrick Witt explained that the administration’s approach has remained consistent throughout negotiations. Witt and his team, which includes White House AI and crypto advisor David Sacks, have pushed for a bipartisan outcome over the past year, maintaining that the bill deserves a Senate vote.

Witt agreed that Thune’s assessment of timing is correct, but emphasized the Senate will remain in session at the beginning of August. He suggested lawmakers should not completely rule out further action before the formal start of recess.

In his update, Witt noted that while some senators have grown less optimistic, his own discussions point to building support for advancing the bill to a floor vote.

Patrick Witt reiterated that although a final vote on the CLARITY Act prior to August remains unlikely, ongoing talks could still allow for procedural progress in the Senate and strengthen the bill’s momentum.

Focus shifts to procedural advancementThe White House has recently shifted its focus from securing passage before the recess to ensuring the CLARITY Act continues to move through the legislative process. This adjustment comes as competing legislative priorities crowd the Senate calendar just before August.

Negotiations remain challenging, especially regarding proposed ethics rules. Democrats are advocating for stricter limitations on lawmakers’ participation in crypto-related companies, while Republicans and the White House have presented differing proposals that have yet to unify bipartisan support.

Despite these hurdles, Witt and senior administration officials still anticipate that the CLARITY Act will reach the Senate floor for initial voting procedures. Advancing the bill in this manner would help maintain momentum and set up further debate when Congress returns from recess.

Diana, an active voice in the digital asset community, commented that the administration’s shift in expectations reflects a tactical change rather than a weakening in commitment. She indicated that, although a delay appears inevitable, the White House remains determined to see the CLARITY Act make concrete legislative progress in the coming weeks.

Mini dictionary: Patrick Witt is the principal cryptocurrency advisor at the White House, helping to shape the Biden administration’s approach to digital asset legislation and coordinate with lawmakers on bipartisan crypto policy initiatives.

Legislative outlook and next stepsWith Congress facing a packed agenda as the August recess nears, negotiation delays could push any decisive action on the CLARITY Act into the fall session. However, administration insiders say procedural steps such as introducing the bill to the Senate floor remain feasible in the remaining days of July and early August.

Such movement would position the CLARITY Act—designed to clarify digital asset regulations in the US—for further debate and eventual voting after the summer break.

Witt’s latest remarks highlight continued White House support for the CLARITY Act, with officials seeking to ensure it keeps progressing despite a crowded Senate schedule.

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.

XRP Price Prediction: Ripple Token Spot Demand Hits Highest Since June Ad Disclosure

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XRP price is trading around the $1.10 to $1.12 range after slipping 2% over the past day. This XRP prediction comes as price action softens despite steady spot buying. The more interesting story is not the decline, but what is happening underneath it. Spot demand has climbed to its strongest levels since June, while derivatives traders remain cautious.

That divergence matters because it often appears before a decisive move. Buyers continue absorbing supply, yet leveraged traders remain hesitant. As a result, XRP could either reclaim recent highs or face another round of selling if support gives way.

Recent technical signals show XRP struggling to hold above the $1.14 area after its weekly advance. Short-term momentum cooled as profit-taking emerged, although the MACD still favors buyers. Meanwhile, the Relative Strength Index recently reached overbought territory, suggesting upside could remain limited without fresh demand.

XRP USD, TradingviewMarket sentiment remains cautious even with stronger spot accumulation. That disconnect is worth watching because pessimistic positioning sometimes fuels sharp rebounds. However, if buyers fail to defend the current range, sellers could regain control before another recovery attempt develops.

Institutional adoption narratives and ETF-related speculation continue supporting the medium-term outlook for XRP. At the same time, Ripple developments add another fundamental layer alongside the technical picture. Even so, resistance near recent highs remains the level to beat before bulls can regain full control.

Discover: The Best Crypto to Diversify Your Portfolio

XRP Price Prediction: Reclaim $1.20 Before the Next Major Resistance at $1.48?XRP price is trading around the $1.10 to $1.12 range after slipping roughly 2% over the past day. This XRP prediction comes as price action softens despite steady spot buying. The more interesting story is not the decline, but what is happening underneath it. Spot demand has climbed to its strongest levels since June, while derivatives traders remain cautious.

That divergence matters because it often appears before a decisive move. Buyers continue absorbing supply, yet leveraged traders remain hesitant. As a result, XRP could either reclaim recent highs or face another round of selling if support gives way.

Recent technical signals show XRP struggling to hold above the $1.14 area after its weekly advance. Short-term momentum cooled as profit-taking emerged, although the MACD still favors buyers. Meanwhile, the Relative Strength Index recently reached overbought territory, suggesting upside could remain limited without fresh demand.

Market sentiment remains cautious even with stronger spot accumulation. That disconnect is worth watching because pessimistic positioning sometimes fuels sharp rebounds. However, if buyers fail to defend the current range, sellers could regain control before another recovery attempt develops.

Institutional adoption narratives and ETF-related speculation continue supporting the medium-term outlook for XRP. At the same time, Ripple developments add another fundamental layer alongside the technical picture. Even so, resistance near recent highs remains the level to beat before bulls can regain full control.

Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

LiquidChain Targets Early-Mover Positioning as XRP Tests Key ResistanceXRP’s spot demand spike is a legitimate signal, but at $1.14, the risk/reward on a near-term trade is compressed between a stubborn resistance ceiling and an overbought oscillator. Traders looking for asymmetric exposure in this environment are increasingly eyeing early-stage infrastructure plays where price discovery hasn’t happened yet.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project building what it calls a unified cross-chain execution environment. It is fusing Bitcoin, Ethereum, and Solana liquidity into a single settlement layer.

Liquid’s architecture centers on a Deploy-Once model: developers ship once, access all three ecosystems simultaneously, with verifiable settlement and single-step execution across chains.

The presale is currently priced at $0.01483, with $917K raised to date. That figure is climbing, and early-stage pricing at this level won’t persist indefinitely as the round progresses. Institutional demand signals tracked alongside this raise add context,too.

Research LiquidChain before making any allocation decision.

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Major Binance Update for Ripple (XRP) Investors: Details

Ripple continues to expand its business, with banks adopting its technology, and spot XRP ETFs have already attracted nearly $1.5 billion. Yet its native token XRP remains nearly 72% below its 2025 peak.

Meanwhile, on-chain data and technical charts suggest XRP may remain stuck in a sideways range until 2028, backed by historical data.

Ripple Is Growing, But XRP Isn’t FollowingRipple has spent the year strengthening its ecosystem. This week alone, the company launched the Ripple Mint platform for its RLUSD stablecoin, expanded across multiple blockchain networks, and continued attracting banks to the XRP Ledger for cross-border payments.

However, stronger business growth has not translated into higher XRP prices.

One reason is how Ripple’s network works. Banks use the XRP Ledger to settle transactions almost instantly. Due to this, they do not need to hold large amounts of XRP for long periods. 

At the same time, Ripple also releases millions of XRP from escrow every month, increasing the available supply.

Meanwhile, spot XRP ETFs have attracted about $1.49 billion in total inflows, but ETF holdings still account for only 1% to 2% of XRP’s circulating supply, limiting their impact on price.

Selling Pressure Continues to Outweigh DemandMarket data also shows that XRP’s futures market has cooled sharply.

Open interest has fallen by nearly 87%, dropping from around $15 billion earlier this year to roughly $1.91 billion. This large wave of deleveraging removed much of the speculative buying that previously helped fuel rallies.

Meanwhile, large investors have quietly bought more than 600 million XRP during recent price drops. But many small investors have sold their XRP after months of little price movement. Because of this, XRP faces selling pressure.

According to analyst Chartnerd, XRP has taken an average of about 1,410 days to reach each new cycle high. Previous cycles lasted 1,490 days (2013-2018), 1,197 days (2018-2021), and 1,556 days (2021-2025). 

Based on both time-based Fibonacci extensions and previous market cycles, Chartnerd believes XRP could target around $27 by 2029 or 2030.

At the same time, the Bollinger Bands are tightening, a sign that volatility is falling and XRP could remain range-bound before its next major move. If history repeats, the current setup mirrors the long accumulation period seen before the 2024 breakout. 

Unless XRP breaks above the 20-week Bollinger Band and key resistance levels, analysts believe the token could continue trading sideways before building momentum for its next bullish cycle.

That outlook closely matches Standard Chartered’s long-term forecast, which projects XRP reaching $7 by 2027, $12.60 by 2028, and nearly $28 by 2030.

🇺🇸🏦 $28 BY 2030 🏦🇺🇸

Standard Chartered projects that XRP could reach $28 by 2030.

The bank believes XRP could benefit from the growth of cross border payments, tokenization, and increasing institutional adoption.

Now it’s the banks. 🚀 pic.twitter.com/tnwEtVW1pL

— John Squire (@TheCryptoSquire) July 21, 2026 Loading article prices

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Ongoing conversations in the US digital asset sector have intensified around whether the proposed CLARITY Act could materially influence the price and institutional adoption of XRP, even after recent regulatory progress.

Legal distinction between court ruling and legislationVincent Van Code, a software engineer specializing in blockchain technology, commented on X that many overlook the critical difference between a landmark court verdict and formal federal legislation. He suggested that while last year’s decision in the SEC v. Ripple case was a notable milestone for XRP, it does not offer lasting legal certainty for major industry players.

In 2023, a US district court ruled that secondary-market transactions of XRP do not qualify as securities. This outcome eased regulatory pressure on Ripple’s ecosystem and sparked optimism across various crypto markets.

Van Code acknowledged that this outcome has already influenced the industry, paving the way for broader adoption. “There is a misconception that the Clarity Act will not affect prices for crypto such as XRP. That is not entirely true,” he noted on social media, responding to speculation about the new legislation’s impact.

In his comments, Van Code emphasized that a single district court decision cannot replace comprehensive federal legislation, leaving uncertain ground for financial institutions considering large-scale XRP investments.

The court’s decision, while groundbreaking for XRP holders and Ripple Labs, remains one federal judge’s interpretation and does not amount to a nationwide precedent or a statutory guarantee of how XRP will be treated going forward.

Institutional caution persists despite legal progressVan Code explained that, following the court ruling, institutional activity around XRP picked up, including new On-Demand Liquidity corridors, pilot projects with banks, custody service growth, and ETF submissions. However, he stressed that the lack of a broad legal framework prevents many major financial firms from making significant commitments.

He warned that the decision’s influence is inherently limited, particularly since it could be revisited by future courts or interpreted differently by other agencies. Without legislation from Congress, he said, banks and institutional investors remain risk-averse—choosing to engage in limited pilot programs rather than large investments or extensive product launches.

Many traditional finance firms are known for their cautious approach, prioritizing strict regulatory compliance. For them, the absence of clear federal law governing digital assets continues to be a key obstacle.

Van Code argued that codifying digital asset definitions into federal law would address remaining concerns in compliance departments and among decision-makers at large firms.

Mini dictionary: CLARITY Act, a proposed US bill that seeks to clarify the legal status and regulatory framework of digital assets, aiming to provide certainty for institutional investors by defining tokens and their treatment under securities laws.

The path ahead for XRP and institutional adoptionHe added that many institutional players are still limiting their exposure to XRP, focusing on experimental or non-custodial activities until a legislative solution arrives. This cautious stance has so far prevented a larger wave of capital inflows.

According to Van Code, the passage of the CLARITY Act would likely provide the comprehensive regulatory clarity needed to shift institutional strategies. This could potentially influence both adoption rates and pricing in $XRP, moving beyond the boundaries set by last year’s court win.

Van Code concluded that “while the Ripple decision eased some uncertainty for XRP, genuine institutional confidence depends on a robust federal framework.”

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

https://starsevendesign.com/project-blackrock.html

BlackRock clients have reportedly sold $52.76 million worth of Ethereum, according to a social media post by @WhaleInsider. The sale appears to be linked to BlackRock’s iShares Ethereum Trust, a spot ETF facilitating ETH exposure for institutional clients. This move is not directly attributable to BlackRock’s proprietary activity but suggests a significant outflow from the ETF, which is a major institutional holder of Ethereum. Such outflows are often observed alongside broader ETF activity and can influence market dynamics, particularly given the large scale of the transaction.

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Key Takeaways The reported sale of $52.76 million in Ethereum by BlackRock clients suggests a substantial institutional outflow, potentially impacting market sentiment. Current market odds for Ethereum dropping to $1,300 in July remain low, indicating limited immediate market impact from this news. Observers note that BlackRock’s iShares Ethereum Trust has previously been a significant driver of spot demand for Ethereum. What to Watch Markets will be closely monitoring any further large-scale transactions linked to the iShares Ethereum Trust, as these could indicate broader trends in institutional sentiment toward Ethereum. Additionally, any future announcements regarding inflows or outflows from major Ethereum ETFs could influence market perceptions and pricing. The impact on Ethereum’s price trajectory will also depend on broader market conditions, including regulatory developments and macroeconomic indicators.

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Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 22.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 6.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 15.5% — — View market →

COINTELEGRAPH: Ethereum ETFs close week in red, end 5-day inflow streak

Upbit, one of South Korea’s largest cryptocurrency exchanges, has announced it will list the Korean won trading pair for Morpho (MORPHO).

According to the exchange’s announcement, MORPHO/KRW trading will begin on July 25, 2026, at 12:00 PM Turkish time. Deposits and withdrawals will only be supported via the Ethereum network.

Upbit stated that transaction support may be delayed if sufficient liquidity is not provided after deposit and withdrawal operations begin.

Buy orders will be restricted for the first 5 minutes after listing. During the same period, sell orders placed at more than 10% below the previous day’s closing price will also not be allowed. Furthermore, order types other than limit orders will be unavailable for approximately the first two hours.

*This is not investment advice.

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Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.

According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.

1 hours ago

The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.

The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.

1 hours ago

US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.

According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."

1 hours ago

Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.

Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.

1 hours ago

2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈

U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.

1 hours ago

Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.

According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.

1 hours ago

Key Takeaways Friday saw Ethereum ETFs experience $70.62 million in net withdrawals, terminating a consecutive five-day period of capital inflows Weekly performance remained positive with $103.9 million in net ETF inflows for ETH, marking the third straight week of gains The ETH/BTC ratio fell to 0.028, marking its weakest position since August of the previous year Blockchain metrics indicate ETH is currently valued beneath its collective cost basis of $2,304, a condition that typically depletes selling pressure Critical bottom indicators including MVRV and exchange deposit volumes haven’t achieved the extreme thresholds that typically signal a definitive price floor Ethereum (ETH) concluded the trading week at $1,837 following net outflows of $70.62 million from US-based spot Ethereum ETFs on Friday, July 25. This marked the end of a consecutive five-day period of positive inflows that had accumulated $211.25 million between July 17 and July 24.

Ethereum (ETH) Price While Friday’s data showed a reversal, the broader weekly picture remained positive with Ethereum ETFs securing $103.9 million in aggregate net inflows. This performance marked the third successive week of positive capital movement. Throughout July, ETH ETFs have accumulated total inflows reaching $337.74 million.

Bitcoin ETFs demonstrated a comparable trajectory, registering $240.08 million in net withdrawals on Friday, concluding a seven-day streak of inflows. BTC hovered slightly below $64,000, retreating from Tuesday’s weekly peak of $66,892.

U.S. Spot Bitcoin and Ethereum ETFs Record Net Outflows on July 24

According to SoSoValue data, spot Bitcoin ETFs recorded total net outflows of $240 million on July 24 (ET). Spot Ethereum ETFs saw total net outflows of $70.62 million on the same day, ending a five-day streak of… pic.twitter.com/qvg2L12fD6

— Wu Blockchain (@WuBlockchain) July 25, 2026

Market analyst Ted (@TedPillows) commented via social media that ETH continues to maintain its position above critical support levels. He observed that Ethereum is demonstrating relative strength versus Bitcoin and suggested the current upward movement may have additional momentum remaining.

ETH has experienced a significant decline from its record peak of $4,946 established last year, reaching as low as $1,400 in June before staging a recovery. The cryptocurrency currently trades approximately 17% beneath its realized price—the mean on-chain acquisition cost for all ETH tokens—which stands at $2,304.

Examining ETH Bottom Formation: The On-Chain Evidence A CryptoQuant analysis published Thursday indicates Ethereum is displaying preliminary indications of a market floor formation, though it hasn’t satisfied all criteria necessary to confirm a durable upward trend.

Source: CryptoQuant The ETH/BTC ratio has contracted to 0.028, representing its weakest reading since August of last year. While this degree of underperformance relative to Bitcoin has historically preceded significant altcoin rallies, market observers emphasize that additional confirmation remains necessary.

The ETH/BTC MVRV ratio has decreased from 0.95 last August to approximately 0.65. According to CryptoQuant’s research, a reliable bottom formation typically materializes when this metric falls beneath 0.45, a threshold observed during 2019-20 and early 2025.

Critical Technical Price Levels for ETH Ethereum is presently challenging its 20-day and 50-day Exponential Moving Averages (EMAs) positioned at $1,839 and $1,831 respectively. A decisive move below these technical indicators could reveal support zones near $1,806, followed by $1,741.

ETH witnessed $67.79 million in liquidations throughout the previous 24-hour period, with long position liquidations accounting for $44.18 million of that total.

However, one indicator is currently suggesting bottom formation. The ETH/BTC relative spot trading volume has contracted from 1.75 in August to approximately 0.5, a threshold that has historically coincided with Ethereum price bottoms.

Institutional ETF demand has also shown signs of shifting, with the ETH/BTC ETF holdings ratio climbing to 0.13 in July following a decline to 0.115 in June.

After 13 straight nights of US strikes on Iranian targets, Washington hit the pause button. President Trump confirmed that diplomatic talks with Tehran are underway, but made clear the military is standing by if negotiations stall.

For crypto markets, the damage is already done. The extended campaign of strikes, centered on threats to shipping routes through the Strait of Hormuz, triggered a classic risk-off flight that drained roughly $80 billion from crypto’s total market capitalization.

What happened and why it matters US Central Command carried out at least 13 consecutive nights of strikes focused on Iranian military capabilities deemed a threat to commercial shipping. The campaign represented one of the most sustained periods of direct US military action against Iran, and it followed the collapse of a ceasefire that had been established in June.

That June ceasefire had briefly calmed nerves across global markets. Its breakdown reignited hostilities and pushed oil prices above $100 per barrel for the first time since May.

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Trump’s messaging has been deliberately dual-track. He’s touting the existence of negotiations while simultaneously reminding Tehran, and the world, that the US military remains on high alert. Temporary pauses in military operations have historically coincided with diplomatic windows involving Gulf allies.

The crypto market fallout During the recent escalation, Bitcoin dropped from around $65,500 to below $64,000. That’s roughly a 2.3% decline that was part of a broader wipeout that saw the entire crypto market shed approximately $80 billion in value. Ethereum wasn’t spared either, with both leading assets falling sharply as traders moved capital out of anything perceived as risky and into traditional safe havens like the dollar and treasuries.

Oil prices surging past $100 per barrel raises the specter of inflation, which raises the specter of tighter monetary policy, which raises the specter of reduced liquidity. Crypto, for all its decentralization ethos, still runs on the same liquidity plumbing as every other risk asset.

Background and broader context Roughly 20% of the world’s oil supply passes through the Strait of Hormuz on any given day. The June ceasefire had offered a brief reprieve, with crypto recovering some lost ground as traders cautiously re-entered positions. The ceasefire’s collapse and the subsequent 13-night strike campaign reversed those gains and then some.

The current conflict gained momentum in late February 2026 with US and Israeli operations, termed Operation Epic Fury, targeting Iranian nuclear and military installations. Iran’s response included the imposition of blockades and tolls on shipping routes, triggering a cycle of strikes, ceasefires, and intermittent hostilities.

What this means for investors The sensitivity of crypto to geopolitical shocks is no longer debatable. Each escalation cycle during this conflict has produced measurable drawdowns in digital asset prices.

Oil prices are the canary in the coal mine here. As long as crude stays above $100, the inflationary pressure narrative keeps traditional finance in a defensive crouch, bleeding directly into crypto through reduced institutional appetite for speculative positions.

Traders should be watching three things in the coming days: whether diplomatic talks produce any concrete framework, whether oil prices retreat from their current elevated levels, and whether Bitcoin can hold the $64,000 level that served as recent support.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

13 mins ago Updated 13 mins ago

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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Highlights

The crypto market faces bearish pressure into the weekend as buying pressure eases. Solana tops losses among the top ten coins while DEXE has recovered from its all-time lows with a 90% jump. Robinhood's talks with Crypto.Com and TRUMP Coin's $17M transfer are the biggest news in the market today. The crypto market slipped lower into the weekend, with Bitcoin (BTC) moving below $64,000 while Ethereum (ETH) held $1,800 amid easing buy-side pressure.

Top Movers DeXe (DEXE) is up by 90% today, July 25, to trade at $88 at the time of writing, making it the biggest gainer in the crypto market. The gain follows a massive crash on July 21 where DEXE moved from $41 to $2 amid a $6M transfer by project wallets. DEXE Price Chart (Source: TradingView) Solana (SOL) is the biggest loser among the top-ten crypto market coins with a 2.2% drop to trade at $73.47. Solana’s drop reflects the bearish outlook on Bitcoin and tech stocks amid AI spending fears. ZCash (ZEC) is also down by 5.5% to trade at $478 as selling pressure intensified after the price dropped below the psychological support of $500. Biggest News of the Day Robinhood is in talks with Crypto Com to expand its footprint in the prediction market, per a report by the Wall Street Journal HOOD stock dropped by 6.57% on July 24 despite the partnership news to close trading at $94. HOOD Price Chart (Source: TradingView) The drop follows a recent hack on the X account of Robinhood’s CEO, Vlad Tenev, to promote a fake meme coin. The team behind the TRUMP meme coin has moved $17M TRUMP coins ahead of a potential vote for CLARITY Act before the Senate breaks for recess in August TRUMP meme coin is down 2.62% on the news to trade at $1.55 at the time of writing. Crypto Market Data Total Market Cap: $2.19 trillion (-1.19%) 24-Hour Volumes: $55.11 billion Bitcoin: $64,013 (-1.49%) Ethereum: $1,857 (-1.26%) XRP: $1.09 (-1.32%) Bitcoin Dominance: 58.7% Ethereum Dominance: 10.3% Altcoin Season Index: 53/100 24-Hour Liquidations: $243 million ($214 million in long liquidations & $29 million in short liquidations) Fear and Greed Index: 27 (Fear) What to Watch in the Crypto Market Today The US-Iran war is the main macro factor to watch in the crypto market on July 24. Iran has rejected ceasefire talks and is reportedly ready for the “massive attacks” announced by President Trump. Historical patterns suggest that the conflict usually escalates on the weekend. An escalation could push Bitcoin and altcoin prices lower. Catch up on yesterday’s biggest moves in our Crypto Market Brief for July 24.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. Why is the crypto market down today?

The crypto market is down today amid a "fear" snetiment that is making buyers hesitant.

2. What is the biggest news in the crypto market today?

The biggest news in the crypto market today include the ongoing partnership talks between Robinhood and CryptoCom to expand prediction markets.

3. What should traders watch in the crypto market today?

Traders should watch out for escalating geopolitical tensions that could push the prices lower.

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About Author

About Author

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

Table of contents

For months, Hong Kong’s compliant crypto trading environment has largely kept retail brokerage access under tight wraps. That changed on Friday—at least for a subset of the market—when Futu Securities, the city’s largest retail brokerage, rolled out BNB order-book trading pairs. As the original report noted, the service is available only to Hong Kong-qualified Professional Investors, a designation that typically requires a portfolio of at least HK$8 million. Futu itself stated it is the first licensed brokerage in Hong Kong to offer real-time BNB trading through an order book.

The move lands at a moment when BNB Chain continues to rank among the most active ecosystems by developer engagement. In a recent developer activity snapshot, the chain appeared alongside Ethereum and Polygon, signaling sustained technical momentum that now has a new, regulated on-ramp for well-capitalized participants.

A Calculated Step in Hong Kong’s Crypto Framework Hong Kong’s virtual asset licensing regime has moved at its own deliberate pace. The Securities and Futures Commission has approved a small number of trading platforms, mandating strict investor protection measures. By limiting BNB order-book trading to Professional Investors, Futu is testing the framework without extending full retail exposure. That structure mirrors how other regulated entities have approached initial crypto offerings in the city—starting with institutions and high-net-worth individuals before any broader rollout.

The brokerage’s claim to be first in this specific niche matters less for bragging rights than for what it says about custodial and liquidity infrastructure. Running an order book for a non-stablecoin crypto asset inside a licensed environment means the firm has satisfied compliance standards around asset custody, real-time data feeds, and transaction monitoring. Whether that template gets replicated across other large-cap tokens will now depend on how smoothly the BNB product performs and how regulators react.

What BNB Chain Gains From Regulated Exposure BNB has long been one of the most liquid tokens in the crypto market, but its trading volume has been concentrated on offshore exchanges and on-chain decentralized venues. Having a licensed brokerage provide order-book depth could gradually attract a different class of participant—family offices, asset managers, and professional trading firms that require regulatory cover before committing capital.

This also ties into broader institutional trends. Recent institutional tokenization developments show that regulated market infrastructure is becoming a serious theme across jurisdictions. Futu’s launch is not an isolated event; it sits alongside a growing list of traditional finance gateways into crypto, from tokenized Treasuries to bank-grade settlement pipelines.

Liquidity and the Professional-Only Hurdle The most obvious question is how much volume a Professional Investor-only product will generate. Trading activity on similar restricted offerings in other markets has often been modest, with early adopters using them more for price discovery than for large-scale execution. Without broader retail access, the order book might stay thin, limiting the value of real-time data for professional traders who rely on depth to size positions.

Still, the infrastructure is now live. If volumes pick up and client interest proves durable, Futu could push to expand eligibility—a step that would require further regulatory dialogue. For BNB Chain, the benefit is less about immediate trading volumes and more about cementing its place in the investable universe of licensed Asian brokerages.

Hong Kong’s next move will be watched by other regional players. Several brokerages across Asia have been weighing similar launches but have hesitated due to compliance complexity. If Futu’s order book operates without friction, it may lower the perceived risk for others to follow. The BNB trading pairs are currently a niche product, but they open a door that many in the market have been waiting for.

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.

According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.

1 hours ago

The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.

The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.

1 hours ago

US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.

According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."

1 hours ago

Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.

Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.

1 hours ago

2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈

U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.

1 hours ago

Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.

According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.

1 hours ago

Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.

According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.

36 minutes ago

The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.

The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.

36 minutes ago

US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.

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Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.

Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.

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Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.

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36 minutes ago

Triple-A, a global fiat-to-crypto payment gateway, has become the latest victim of a multimillion-dollar hack. Blockchain security firm Peckshield reports that more than $9.7 million was drained after attackers drained its hot wallets across Ethereum, Solana, TRON, and TON.

Here’s how the attack happened.

Triple-A Hot Wallets Drained Across Multiple NetworksPeckshield reported that the exploit targeted Triple-A’s hot wallet infrastructure, affecting Ethereum, Solana, TRON, TON, Polygon, and Arbitrum.

According to the investigation, attackers stole over $9.7 million worth of crypto before swapping the assets and bridging them to Ethereum. 

Blockchain records show the wallet currently holds 5,226.66 ETH, worth roughly $9.72 million. 

Most of the stolen funds were transferred on July 24 and July 25.The largest single transaction moved 4,140 ETH into the wallet.Additional deposits included 615 ETH, 157 ETH, 112 ETH, 100 ETH, 72 ETH, and 23 ETH.After receiving these transfers, the attacker consolidated the funds into a single Ethereum wallet (0x01F…253b1).

How the Triple-A Exploit Happened?Security researchers believe the attacker first gained control of Triple-A’s internet connected hot wallets, which are commonly used to process customer payments quickly.

After gaining access, the hacker focused on stealing stablecoins and other liquid assets, then rapidly swapped them on decentralized exchanges. 

Meanwhile, the stolen funds were then bridged to Ethereum, making it easier to consolidate the assets into one wallet.

No Official Response YetIt’s been more than 8 hours, and Triple-A has not released an official statement explaining the incident or confirming the exact cause of the exploit.

Security experts say companies handling large amounts of customer funds should strengthen wallet management, improve private key protection, and reduce the amount of assets kept online to limit future losses.

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Read the Next News

Across Protocol’s Risk Labs-operated relayer lost less than $4 million after an attacker fabricated $41.7 million in Solana deposit events, according to a post-incident report released by the cross-chain protocol.

Summary

1,627 fake deposits worth $41.7 million targeted 18 chains during the Solana attack. Risk Labs’ relayer paid $4.5 million across 581 fraudulent requests before suspending service. Around $500,000 in attacker funds remained trapped, reducing the net loss below $4 million. Across restored Solana transfers through CCTP, while user funds and the ACX buyback remained unaffected. Across attacker forged 1,627 Solana deposits The attack occurred between 05:07 and 06:14 UTC on July 17, according to the Across Protocol post-mortem. The attacker used 1,627 single-use Solana wallets to create the same number of fake deposit events.

Those deposits carried a combined face value of approximately $41.7 million and requested payments across 18 destination chains. Across reported that the funds were directed toward one recipient address on an Ethereum Virtual Machine-compatible network.

Risk Labs’ relayer filled 581 requests before Across stopped Solana operations. Those payments represented about 35.7% of the fraudulent requests but only 10.8% of their stated value.

The relayer advanced approximately $4.5 million of its own capital. Across invalidated the remaining 1,046 requests, preventing about $37 million in additional payouts.

Approximately $500,000 belonging to the attacker remained trapped within the protocol. Across deducted that amount from the gross payout to place its net loss below $4 million.

Why Across users avoided the relayer loss Across attributed the breach to a flaw in Risk Labs’ off-chain event-reading software rather than a vulnerability in its smart contracts. The protocol also reported that the attacker did not compromise the Solana network.

Across uses relayers that advance their own assets to complete cross-chain transfers before claiming repayment. That structure left Risk Labs’ relayer responsible for the loss instead of users who had submitted legitimate transactions.

All valid transfers were completed or fully refunded on July 17, according to Across. The protocol’s website shows that it has processed more than $34 billion in transfers without reporting a loss of user funds.

The incident differed from the Lien Finance exploit reported by crypto.news on July 24. SlowMist found that Lien’s attacker exploited a smart contract validation flaw to mint unsupported bond tokens and withdraw approximately 542,144.63 USDC.

crypto.news also reported that a wallet linked to the $285 million Drift Protocol exploit moved 23,095.1 ETH, worth about $44.4 million, through Tornado Cash on July 23 and July 24. Together, the incidents involved separate attack methods: off-chain software failure at Across, faulty contract logic at Lien, and post-exploit laundering tied to Drift.

What the CCTP shift means for US users Across restored Solana service in approximately 12 hours by routing transfers through Circle’s Cross-Chain Transfer Protocol. The protocol reported that its engineers deployed the root-cause fix about five hours after the attack.

The change has a direct U.S. connection because Circle issues USDC and operates CCTP. Circle states that CCTP burns native USDC on the source network and mints the same amount on the destination network without using traditional bridge liquidity pools or third-party fillers.

For U.S. users moving USDC to or from Solana, the fallback allowed transfers to resume without relying on the affected Risk Labs event reader. The Across breach did not involve USDC’s reserves or Circle’s minting contracts, according to the protocol’s findings.

The shift also comes after the United States established its first federal payment-stablecoin framework through the GENIUS Act. The law requires permitted issuers to maintain qualifying reserves and publish regular disclosures, according to a White House fact sheet. Those rules govern stablecoin issuers rather than the separate relayer software that caused the Across loss.

ACX buyback remains unchanged ACX traded near $0.041 after the post-mortem, with a market capitalization of about $29 million, according to CoinGecko. The token remained more than 97% below its all-time high.

Across stated that the loss would not affect its planned ACX token buyback. However, the protocol did not disclose whether Risk Labs would change its relayer funding, monitoring systems or operating limits.

Solana order flow remains routed through CCTP. Across has not provided a timeline for returning to its earlier routing system or announced the recovery of any additional funds.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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