Tether Gold has gained commodity status in Abu Dhabi, as DefiLlama data shows XAUT’s locked value has climbed more than threefold to about $2.86 billion over the past year.
Summary
ADGM recognized Tether Gold as an Accepted Spot Commodity for approved regulated firms. XAUT’s locked value more than tripled over the past year to $2.86 billion. Tether is expanding across tokenized gold, US payroll payments and Latin American banking. Abu Dhabi Global Market has recognized XAUT as an Accepted Spot Commodity, allowing regulated firms in the international financial center to provide services involving the tokenized gold asset when they hold the required permissions.
Under the designation, eligible companies can add XAUT-related products to their regulated offerings inside ADGM. Tether CEO Paolo Ardoino described the decision as a clearer route for approved firms seeking to support the asset, while ADGM linked the addition to an expanded selection of products available within the financial center.
The decision follows ADGM’s earlier recognition of Tether’s USDT as an Accepted Fiat Referenced Token. With both assets now accepted under separate regulatory categories, Tether can place its dollar stablecoin and gold-backed token within one of the Middle East’s largest international financial centers.
ADGM’s treatment of XAUT applies only to firms that secure the relevant regulatory approvals. The designation does not give every company operating in the financial center automatic permission to offer trading, custody or other XAUT services.
Tokenized gold demand has lifted XAUT’s locked value DefiLlama figures show that Tether Gold’s total value locked has risen from approximately $826 million to $2.86 billion within a year. Based on those figures, the increase amounts to about 246%, placing XAUT among the largest products in the tokenized commodity market.
RWA.xyz estimates that tokenized commodities hold about $4.46 billion in distributed value. The data platform places the full tokenized real-world asset market at roughly $34.73 billion, giving commodities a share of nearly 13%.
Against those figures, XAUT’s reported $2.86 billion in locked value represents a substantial portion of the commodity category tracked by RWA.xyz. Differences between TVL and distributed-value methods mean the two datasets are not directly interchangeable, but both indicate that gold-backed tokens account for a large share of commodity tokenization.
Use cases for XAUT are also moving beyond spot trading and custody. Bitcoin lending platform Ledn announced in June that it plans to accept the token as loan collateral later this year, which would let customers borrow against tokenized gold without selling their holdings.
Ledn’s planned integration would place XAUT inside a crypto-backed lending product, adding a borrowing function to an asset mainly used for gold exposure. The company has not yet disclosed detailed terms such as loan-to-value ratios, interest rates or the exact launch date.
For regulated firms in ADGM, the new status could make similar services possible when their licenses cover the relevant activity. ADGM’s announcement, however, did not identify which firms intend to add XAUT or set a timeline for the first regulated offerings.
Tether is extending its reach across payments and finance Beyond tokenized gold, Tether has continued investing in payment systems and financial platforms. Last week, crypto.news reported that the company led a $7 million Series A round for Pact Labs alongside Blockchange Ventures and Lasagna.
According to crypto.news, the financing will support Pact Labs’ payroll and payment infrastructure while helping businesses adopt USAT, Tether’s dollar-backed stablecoin designed for the US market. The partnership focuses on wage payments rather than crypto trading, targeting a US payroll sector that processes more than $11 trillion each year.
Another investment has extended Tether’s presence in Latin American finance. Bloomberg reported that the company contributed $20 million to a $197 million equity round for Argentine digital bank Ualá, adding the platform to Tether’s portfolio of stablecoin-related investments.
Ualá announced the round in March and identified Tether among the participants, though it did not disclose the issuer’s contribution at the time. Allianz X led the financing, while Bloomberg later reported the size of Tether’s individual investment.
These investments come as Tether faces questions over USDT’s future availability on US crypto platforms. CoinDesk reported that the first anniversary of the GENIUS Act has renewed attention on whether the foreign-issued stablecoin can meet the law’s requirements before its transition period ends.
President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law one year ago, introducing a three-year compliance window. CoinDesk reported that uncertainty remains over how some deadlines will apply to foreign issuers such as Tether.
Circle has taken steps to align its operations with the incoming US framework, according to the report, while Tether has not publicly explained how it plans to bring USDT into full compliance.
The ADGM recognition gives XAUT a defined regulatory route in Abu Dhabi while Tether develops separate products and investments across gold, payroll and digital banking. USDT’s position in the United States, however, will depend on how regulators implement the GENIUS Act and whether Tether satisfies the final requirements.
Tether Gold (XAUT), the digital token backed by physical gold and issued by Tether, has been formally recognized as an Accepted Spot Commodity within the Abu Dhabi Global Market (ADGM). The decision enables firms licensed by ADGM, one of the region’s largest international financial centers, to offer services related to XAUT provided they obtain the necessary regulatory clearances.
Strategic significance for ADGM and TetherThe ADGM already recognizes Tether’s USDt (USDT) as an Accepted Fiat Referenced Token. The latest classification of XAUT expands Tether’s portfolio of regulated offerings in the jurisdiction, reflecting growing institutional interest in tokenized assets, particularly those backed by tangible commodities like gold.
Paolo Ardoino, CEO of Tether, welcomed the move, emphasizing that the new status gives regulated institutions at ADGM a transparent framework to integrate XAUT into their products and services. The ADGM authority stated that the recognition is expected to support business development in the center by boosting the diversity of digital assets available to financial companies.
Tether CEO Paolo Ardoino described the recognition as a major milestone, noting that it opens the door for regulated firms in ADGM to offer XAUT and supports broader adoption of regulated tokenized commodities.
ADGM, based in Abu Dhabi, serves as a key hub for global financial activity in the United Arab Emirates, providing licensing, regulation, and a business-friendly environment to financial operators.
Mini dictionary: Abu Dhabi Global Market (ADGM) is an international financial center located in Abu Dhabi that provides institutions with regulatory oversight and licensing to support the growth of financial services, especially in fintech and digital asset markets.
Rapid rise in Tether Gold adoption and ecosystemAccording to DefiLlama, the total value locked (TVL) in Tether Gold has climbed sharply within the past year, swelling from $826 million to about $2.86 billion. This trend points to increased adoption of XAUT by investors seeking digital access to gold in a regulated manner.
MetricJuly 2023July 2024XAUT Total Value Locked (TVL)$826 million$2.86 billionBeyond trading and storage, XAUT’s utility is growing. In June, Bitcoin lending platform Ledn disclosed that it plans to accept XAUT as collateral for loans later this year. This upcoming service will let customers pledge tokenized gold as security, offering a way to access liquidity without selling their holdings.
Mini dictionary: Ledn is a Bitcoin and digital asset lending platform that enables clients to secure loans using cryptocurrencies or tokenized assets as collateral, providing access to credit without requiring the sale of those assets.
Tokenized commodities market continues to growFigures from RWA.xyz show that tokenized commodities have reached a distributed value of $4.46 billion. They now constitute nearly 13% of the $34.73 billion overall tokenized real-world asset (RWA) market, as institutions and investors look for new ways to engage with blockchain-backed versions of traditional assets.
Tether Gold’s expanding range of applications and growing asset pool reflect the ongoing integration of digital finance with established commodity markets in regulated jurisdictions like Abu Dhabi.
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.
Allbridge Core, a cross-chain protocol that facilitates stablecoin transfers across different blockchains, experienced a security breach that resulted in a loss of $1.65 million from its Solana deployment. The incident led to an immediate halt of all protocol operations as teams began an investigation into the cause and scope of the exploit.
Flash loan exploit hits Solana poolsThe attack took place on Allbridge’s Solana-based stablecoin bridge and was quickly confirmed by the project team. Allbridge paused activity as security teams and independent blockchain investigators began reviewing the incident’s impact.
According to research from blockchain analytics firm Lookonchain, the attacker bridged all stolen assets to Ethereum at high speed before converting them into ETH. These rapid transfers complicated fund recovery and underscored the fast-moving nature of cross-chain exploits.
Allbridge halted operations after a $1.65 million exploit targeted its Solana pools, with the attacker immediately moving the stolen funds to Ethereum and converting them into ETH, raising concerns about ongoing security risks in cross-chain protocols.
Further blockchain analysis revealed that the attacker initiated the exploit by using a flash loan of $1.12 million in USDC, borrowed from Kamino, a Solana liquidity protocol. By carrying out several transactions within a single block, the attacker temporarily swapped USDC and USDT tokens, manipulating the exchange rate within Allbridge Core’s stablecoin pool.
This price manipulation allowed the attacker to withdraw more stablecoins than were initially supplied, generating significant profits without retaining the borrowed funds for long. After the flash loan was repaid, the attacker kept the proceeds, which investigators estimate at around $1.65 million. The attacker then attempted to conceal the funds via Ethereum-based privacy channels.
Allbridge urged liquidity providers in affected pools to withdraw their funds while investigations continue. The protocol also called on users who profited from temporary arbitrage opportunities related to the attack to voluntarily return the funds, aiming to compensate liquidity providers who sustained losses.
Mini dictionary: Flash loan — a type of uncollateralized loan that allows users to borrow large amounts of funds within a single blockchain transaction, often used for arbitrage or, in some cases, to exploit vulnerabilities in protocols.
Security concerns for cross-chain bridges intensifyThis exploit is not the first security incident for Allbridge. The protocol previously experienced a flash loan attack in 2023, which resulted in losses surpassing $573,000, this time on its BNB Chain deployment. Both episodes involved attackers manipulating swap prices within liquidity pools.
Cross-chain bridges like Allbridge remain attractive targets due to the large sums of liquidity they handle to facilitate asset transfers between independent blockchains. Successful attacks often cause major financial damage in a short amount of time and across multiple networks.
Bridge projectYear of major breachReported lossAllbridge (Solana)2026$1.65 millionAllbridge (BNB Chain)2023$573,000Taiko2026Not disclosedIn recent months, additional bridge platforms such as Taiko, Secret Network, Gravity Bridge, Verus Bridge, and Butter Network have faced similar security breaches. These incidents have put a spotlight on the importance of thorough smart contract audits, robust monitoring mechanisms, and improved liquidity protection for decentralized finance systems.
Blockchain security groups, including PeckShield and CertiK, quickly identified the Allbridge exploit just after abnormal on-chain activity was detected. Investigators are still analyzing transaction histories to fully map the attack and support possible fund recovery.
The investigation continues as Allbridge assesses potential security upgrades and seeks to address potential reimbursement for those affected. The repeated incidents underline the persistent challenges faced by cross-chain infrastructure despite advances in decentralized finance platform security.
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.
Grayscale filed with the SEC on July 20 for a spot Worldcoin (WLD) exchange-traded fund. The fund would trade on Nasdaq under the ticker GWLD.
Bloomberg ETF analyst James Seyffart confirmed the filing on X. The twist is that Grayscale’s own paperwork spells out why WLD is such a risky bet.
What the Grayscale Worldcoin ETF Filing SaysThe SEC filing shows Grayscale moved fast. It formed the trust on July 10 and filed just 10 days later. BitGo will hold the WLD, and BNY Mellon will run the fund’s books.
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Grayscale knows this path well. Its Bitcoin Trust became a spot ETF in January 2024 after the firm beat the SEC in court. Solana and Dogecoin funds followed in late 2025.
Some details are still missing. The fee is blank, and no trading partners are named yet.
The Risks Grayscale Itself ListsWorldcoin verifies humans by scanning their eyes with a device called the Orb. The filing admits regulators pushed back hard. Spain, Portugal, Germany, Hong Kong, Brazil, Kenya, and Indonesia all took action between 2024 and 2025.
The token math looks rough too. The 100 largest wallets hold about 90% of circulating WLD. Team and investor tokens keep unlocking until around July 2028.
Then there is the price. WLD trades near $0.375, up 3.3% on the day. That is still about 97% below its March 2024 peak of $11.74.
Worldcoin (WLD) Price Performance. Source: BeInCryptoA June treasury purchase gave the token a brief lift. Meanwhile, Tools for Humanity layoffs at the project’s lead developer dragged it back down.
GWLD cannot trade until the SEC signs off and Nasdaq clears the listing. Easier access may help, but WLD’s path forward likely hinges on those token unlocks.
Grayscale has filed a registration statement with the US Securities and Exchange Commission to launch an exchange traded fund that would hold Worldcoin’s WLD token directly.
The proposed Grayscale Worldcoin ETF would seek to list on Nasdaq under the ticker GWLD. Its shares would track the value of the WLD held by the trust using the CoinDesk Worldcoin Benchmark Rate, minus fees and other expenses.
Grayscale has not yet disclosed the fund’s management fee, initial seed investment or the amount of WLD represented by each share. Those fields were left blank in the prospectus and are expected to be completed through later amendments.
The fund would issue and redeem shares through blocks of 10,000 shares known as baskets. Authorized participants could create or redeem baskets using WLD directly or submit cash orders facilitated by liquidity providers.
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BitGo Bank & Trust would custody the fund’s WLD holdings. The Bank of New York Mellon would serve as administrator and transfer agent, while CSC Delaware Trust Company would act as trustee.
The trust would operate as a passive vehicle and would not use leverage or derivatives. Its sole objective would be to provide exposure to WLD without requiring shareholders to purchase or custody the token themselves.
WLD is the native token of World Network, the digital identity project initially developed by Tools for Humanity, which was founded by Sam Altman and Alex Blania. The network combines World ID, its proof of personhood system, with World Chain, World App and biometric verification devices known as Orbs.
The filing said approximately 3.5 billion WLD tokens were circulating as of June 30, with an aggregate market value of about $1.4 billion and daily trading volume of $135.1 million. WLD ranked as the forty first largest crypto asset by market capitalization at the time.
Grayscale identified the network’s reliance on biometric data as one of the product’s principal risks. World’s use of iris imaging through its Orb devices has faced regulatory restrictions, enforcement actions and court decisions across multiple jurisdictions.
The prospectus also highlighted World Chain’s centralized sequencer, WLD’s price volatility and the possibility that regulators could classify the token or related transactions as securities. Any adverse regulatory determination could reduce the token’s value or force the trust to terminate.
WLD, the native token of World Network, rose about 4% following the filing. Despite the gain, the token remains roughly 97% below its all time high of $11.80, reached in March 2024.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Crypto ETF issuer Grayscale is seeking to expand its offerings with the launch of a Worldcoin ETF. The asset manager has filed the registration statement for the Fund, which it proposes to list on the Nasdaq. Meanwhile, the WLD price has climbed amid this development.
Grayscale Files Registration Statement For Worldcoin ETF An SEC filing shows that the asset manager has filed the S-1 for the crypto ETF with the Commission. Grayscale plans to list the Fund on the Nasdaq under the ticker ‘GWLD’ and under the generic listing standards, which enable these crypto ETFs to launch faster.
As such, the Worldcoin ETF will go live once the WLD token satisfies the applicable eligibility requirements under the generic listing standards. Grayscale also revealed that it plans to offer in-kind creations and redemptions for the Fund.
Meanwhile, the crypto ETF issuer named crypto firm BitGo as the Trust’s custodian. The Fund will notably provide a way for institutional investors to gain exposure to the WLD token and could potentially be the first spot WLD ETF in the U.S.
The filing comes less than a week after T. Rowe Price launched the first active crypto ETF, which provides exposure to multiple crypto assets including Bitcoin and Ethereum. The Worldcoin ETF could also join a host of crypto ETFs that have launched, including the Hyperliquid ETFs, for which Grayscale is also an issuer.
WLD Price Climbs Over 4% The WLD price has climbed over 4% today amid Grayscale’s filing for a Worldcoin ETF. The crypto asset is currently trading at around $0.376, according to TradingView data. However, the token is down over 10% in the past week.
Source: TradingView The WLD token is also notably up alongside the broader crypto market, with the Bitcoin price rising above the psychological $65,000 level for the first time in weeks. This comes despite the latest escalation in the U.S.-Iran war.
It is worth noting that Worldcoin has in recent times seen bullish sentiment over its AI ties, specifically its ties to OpenAI. However, the coin has been on a downtrend since reports that the AI company may not go public this year.
For more information on trading, please check out our page on Best Platforms to Trade Tokenized Stocks
WLD has climbed about 4.5% to $0.37 after Grayscale filed with the US Securities and Exchange Commission to launch an ETF holding the World Network token directly.
Summary
Grayscale has filed to list a spot Worldcoin ETF on Nasdaq under GWLD. WLD gained 4.5% and broke above a descending channel on the four-hour chart. Regulatory concerns over biometric data and WLD’s status remain key risks. According to Grayscale’s registration statement, the proposed Grayscale Worldcoin ETF would trade on Nasdaq under the ticker GWLD and offer investors exposure to WLD without requiring them to buy or store the token.
The fund’s shares would follow the value of its WLD holdings through the CoinDesk Worldcoin Benchmark Rate. Fees and operating expenses would be deducted from the value of the trust, although Grayscale has not disclosed the management fee.
Several other terms also remain open. Grayscale left blank the initial seed investment and the quantity of WLD represented by each share, indicating that later amendments to the prospectus will add those details.
If approved, GWLD would become a passive investment vehicle with WLD as its only principal asset. Grayscale’s filing states that the trust would not use leverage or derivatives, limiting its activity to holding the token and processing share creations and redemptions.
GWLD would give investors direct WLD price exposure Under the proposed structure, authorized participants would create or redeem shares in blocks of 10,000, which the filing calls baskets. Participants could complete those transactions by delivering WLD or through cash orders handled with the help of liquidity providers.
BitGo Bank & Trust would hold the trust’s WLD assets, according to the registration statement. The Bank of New York Mellon would act as administrator and transfer agent, while CSC Delaware Trust Company would serve as trustee.
Grayscale has presented the fund as a way for shareholders to gain WLD exposure through a traditional brokerage account. Investors would therefore avoid the technical steps involved in opening a crypto wallet, securing private keys, and trading the token on a digital-asset platform.
The filing does not guarantee that the SEC will approve the product or that Nasdaq will list its shares. Because the document is a registration statement with incomplete terms, Grayscale may need to submit amendments before regulators can allow the ETF to begin trading.
WLD serves as the native token of World Network, a digital identity project first developed by Tools for Humanity. Sam Altman and Alex Blania founded the company behind the project, which was previously known as Worldcoin.
World Network includes World ID, a proof-of-personhood system designed to confirm that a user is a unique human. Its other products include the World App, the Ethereum layer-2 network World Chain and Orb devices that use iris images during identity verification.
As of June 30, roughly 3.5 billion WLD tokens were in circulation, according to figures included in Grayscale’s prospectus. Their combined market value stood at approximately $1.4 billion, while the token recorded daily trading volume of $135.1 million.
Those figures placed WLD as the 41st-largest crypto asset by market capitalization at the time of the filing. The data also showed that the proposed fund would track an asset with substantially lower market value and trading activity than tokens such as Bitcoin and Ethereum.
WLD has broken above its four-hour falling channel Following news of the filing, Worldcoin (WLD) advanced about 4.5% to $0.37. The token nevertheless remained nearly 97% below its March 2024 record high of $11.80.
On the four-hour chart supplied through TradingView, WLD was trading around $0.377 after rebounding from the $0.353 support area. Price also moved above the upper boundary of a descending channel, indicating that selling pressure has started to ease.
Worldcoin price 4-hour chart — July 21 | Source: crypto.news TradingView’s Fibonacci levels place immediate resistance at $0.3796. A sustained move above that barrier could expose $0.3876, followed by $0.3957 and $0.4057.
Below the current price, the chart identifies $0.3681 as the closest support. Losing that level could send WLD back toward $0.3534, where buyers recently stopped the decline.
Momentum readings have also improved, although they do not yet confirm a strong bullish trend. The four-hour relative strength index stood at 49.59, up from its moving average of 38.09 and close to the neutral 50 level.
TradingView’s MACD line remained below zero at -0.0057 but had crossed above its -0.0073 signal line. The positive 0.0016 histogram suggests bearish momentum is fading as WLD tests the $0.3796 resistance.
Grayscale’s prospectus identified biometric data collection as a central product risk because World Network relies on iris imaging through its Orbs. According to the filing, the project has faced regulatory restrictions, enforcement measures and court rulings in several jurisdictions over its biometric practices.
The registration statement also pointed to World Chain’s centralized sequencer, sharp WLD price swings and possible securities-law treatment as material risks. Grayscale warned that an adverse regulatory decision involving WLD or related transactions could reduce the token’s value or require the trust to close.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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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Grayscale filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) on Monday to launch a Grayscale Worldcoin (WLD) ETF.
Grayscale expands regulated altcoin products push with Worldcoin ETF filingThe proposed fund, which would trade on Nasdaq under the ticker GWLD, is designed to give investors exposure to Worldcoin through a traditional brokerage account, eliminating the need to buy the token directly.
The fund will passively hold WLD and aims to track the token's market price, as measured by the CoinDesk Worldcoin Benchmark Rate. The trust will not use leverage, derivatives, or other strategies to generate returns beyond the performance of the underlying asset.
The filing describes the Grayscale Worldcoin ETF as a Delaware statutory trust established on July 10 to hold WLD, the native token powering the World Network ecosystem.
Under the proposed structure, shares will be created and redeemed in baskets of 10,000 by authorized participants through either in-kind or cash transactions.
BitGo Bank & Trust will serve as the custodian of the trust's digital assets, while The Bank of New York (BNY) Mellon will act as administrator and transfer agent. CSC Delaware Trust Company will serve as trustee, and Grayscale Investments Sponsors LLC, a subsidiary of Digital Currency Group, will sponsor the fund.
The filing also notes that the trust's WLD holdings will remain fully segregated and will not be lent, pledged, or used as collateral for loans or other financing arrangements.
Worldcoin, co-founded by OpenAI CEO Sam Altman through Tools for Humanity, is best known for its biometric identity verification system. The system uses iris-scanning devices known as Orbs to issue World IDs and distribute WLD tokens.
The project aims to provide proof of personhood in an AI-driven world but has faced regulatory scrutiny and privacy concerns in several jurisdictions over its collection and handling of biometric data.
If approved, the Grayscale Worldcoin ETF would become a first-of-its-kind fund, providing indirect access to WLD price movements.
The filing marks another step in Grayscale's aggressive expansion into single-asset crypto ETFs. The company has broadened its product lineup over the past year with funds tied to assets such as XRP, Dogecoin (DOGE), Solana (SOL), Chainlink (LINK), and Avalanche (AVAX).
WLD reacted positively to the filing, trading at $0.374 following the announcement, up 3.5% over the past 24 hour at the time of writing.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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Fifteen West African nations just put their names behind a $25 billion gas pipeline stretching from Nigeria to Morocco. The project, formally endorsed at an ECOWAS summit in Freetown, Sierra Leone on July 20, represents one of the largest cross-border energy infrastructure bets Africa has ever made.
The African Atlantic Gas Pipeline, or AAGP, is designed to move up to 30 billion cubic meters of natural gas per year across an estimated 5,660 to 7,000 kilometers of pipeline.
What the deal actually involves The pipeline is a joint venture between Nigeria’s NNPC Limited and Morocco’s ONHYM, the two national energy entities tasked with making this thing real. The agreement calls for the establishment of a dedicated project company.
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First gas flows are targeted for 2029. Full development is expected to span more than 20 years.
The project didn’t materialize overnight. A feasibility study kicked off back in 2017, followed by a memorandum of understanding in 2022. The Freetown signing reportedly came ahead of a Q4 2026 target that Nigeria and Morocco had set for themselves.
The AAGP also aligns strategically with other continental energy ambitions, including the Trans-Saharan pipeline project, which would connect Nigeria’s gas reserves to Algeria.
Why Europe is paying attention The AAGP is positioned as an alternative source, offering West African gas a direct route to European buyers. Morocco provides geographic proximity to European markets.
But pipelines of this scale are notoriously difficult to deliver on time and on budget. The $25 billion price tag is an estimate, and mega-infrastructure projects have a well-documented tendency to blow past initial budgets.
What this means for investors The movement toward a final investment decision will be the next major milestone to watch. The ECOWAS endorsement removes a significant political hurdle, and the involvement of national oil companies on both ends suggests this isn’t just aspirational.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The leading digital asset has been stuck in a persistent bear market over the past several months, currently trading at around $64,500 (a nearly 50% decline from its ATH set last year).
Despite the negative environment and waning investors’ interest, certain factors suggest that the bulls might be preparing to take over soon.
The Positive Signs The first bullish signal comes from the renowned analyst Ali Martinez. Just a few days ago, he revealed on X that BTC has formed a bullish divergence on the weekly chart, noting that the last time this happened, the price exploded by more than 700%.
Should history repeat itself, the asset could skyrocket above $500,000. It’s a scenario that seems almost impossible amid the current market depression, but the crypto sector has a habit of surprising investors.
The second element is the declining amount of BTC stored on exchanges. CryptoQuant revealed that the figure has dropped to approximately 2.7 million units, the lowest since late June. This development indicates that many investors have abandoned centralized platforms and moved their holdings to self-custody solutions, thereby reducing immediate selling pressure.
BTC Exchange Reserves, Source: CryptoQuant Last but not least, the X account BSCN revealed that investors holding between 1,000 and 10,000 BTC have purchased 66,700 coins over the last two months, marking their strongest accumulation since February. Similar developments reduce the immediately available supply and the selling pressure. They can also be mimicked by smaller investors who tend to copy whales.
The Rally Has Already Started? The primary cryptocurrency charged toward $65,000 earlier today but was halted there and slipped by around a grand before it found support at $64,000. X user Crypto Catalysts noted the resurgence, arguing that the rally towards $100,000-$105,000 had begun.
You may also like: 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 Saylor’s Strategy Strengthens Liquidity Position but Long-Term Bitcoin Plan Still Faces Scrutiny “Next move towards 70k and after a sound correction towards 80k and eventually towards the main target of 100k,” they predicted.
It is important to note that over the past few months, BTC has attempted several decisive comebacks, yet the bears have intercepted each push. Thus, it is wise for bullish investors to keep expectations realistic.
Solana (SOL) is at a critical point that could signal a buying opportunity, with a potential rise to $93.
As seen in the 4-hour chart below, SOL continues to consolidate in a rising channel, with the lower boundary set at $76. Maintaining prices above this level would signal a buying opportunity, with a potential rebound to $93.
Source: X
Why the next target for Solana could be $93According to Ali, several on-chain metrics support this theory:
In the past week, fewer SOL tokens have been deposited into exchanges for selling. The reduction in selling pressure has also set up a stronger macro price floor for SOL at around the $75 mark.
Additionally, as that week ended, spot SOL ETF flows turned positive, recording $948,200 for the week ending July 17.
Even more, the number of new Solana addresses has risen by 0.5 million since July 18, indicating increasing network activity.
Source: CoinGlass
Key levels to watch forSOL faces a major volume barrier between the $76 and $85 mark on the UTXO Realized Price Distribution (URPD). Users traded about 125 million SOL in this region, making $85 the next ceiling to break through if SOL should target $100 and beyond.
Breaking below the $70 mark would turn the trend bearish, exposing the coin to a deeper correction near the next highly traded URPD baseline of $53.
Just recently, a hacker managed to drain $1.65 million from a Solana cross-chain bridge protocol. While highlighting the inherent security vulnerabilities in on-chain bridges, the event had little to no impact on SOL, with the coin gaining 2.2% in the past 24 hours to trade at $77.43 at press time.
Story Ends Here
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20 July 2026 | 20:22 Bitcoin has moved back above an important daily resistance level, placing the next Fibonacci barrier near $67,000 within reach.
Key Takeaways Bitcoin has broken above daily resistance near $64,000 while maintaining its higher-low structure. The next Fibonacci resistance sits around $67,000, followed by a larger test near $70,000. Spot Bitcoin ETFs recorded a second positive week after eight consecutive weeks of outflows. The monthly recovery remains conditional on reclaiming a long-term ascending trendline. BTC trades at approximately $65,400 at the time of writing on July 20, with the recovery from its late-June low continuing to produce higher lows.
The daily setup is constructive, but the monthly chart shows that Bitcoin is still trying to repair damage to its longer-term structure. The difference between those two time frames makes the next price reaction particularly important.
Daily Breakout Opens the Route Toward $67,000 The daily chart shows Bitcoin moving above the horizontal resistance around $64,000. Price is also holding above the 50-day simple moving average near $63,189 and continues to respect the ascending trendline extending from the late-June bottom.
Daily Bitcoin technical price chart with indicators. Together, these levels form the immediate support zone for the breakout. Holding above them would preserve the sequence of higher lows and leave the Fibonacci resistance near $67,000 as the next major test.
A move above $67,000 would strengthen the recovery, but the level may also attract selling because it marks the boundary between the current consolidation area and the next section of the broader range.
The first warning could be a daily return below the reclaimed $64,000 level. A subsequent break beneath the ascending trendline would turn the move into a possible false breakout and redirect attention toward the horizontal support.
The Monthly Chart Has Not Fully Recovered Bitcoin’s monthly chart presents a more demanding test. Price previously fell below the long-term ascending trendline that had guided the broader advance, turning the former support into resistance.
Monthly Bitcoin technical price chart. The latest rebound is now attempting to reclaim that line. It began after Bitcoin tested the area where the 0.618 Fibonacci retracement meets the 50-month simple moving average, currently near $59,930. That confluence provided bulls with a technically important area to defend.
A monthly close back above the ascending trendline would improve the longer-term structure and bring the 0.5 Fibonacci retracement near $70,000 into focus. Rejection from the trendline would leave Bitcoin vulnerable to another test of the $59,000 to $60,000 support region.
The daily breakout therefore supports a near-term bullish interpretation, but the monthly reclaim remains unconfirmed. Holding above resistance for several daily sessions is not the same as recovering the broader channel on a monthly closing basis.
ETF Inflows Return After Eight Red Weeks Spot Bitcoin ETF flows have also improved. The funds attracted $197.40 million during the week ending July 10, followed by another $75.67 million in the week ending July 17, SoSoValue data shows.
That produced two consecutive positive weeks and combined net inflows of approximately $273.07 million after eight straight weeks of outflows. The reversal removes some of the persistent fund-related selling pressure that accompanied Bitcoin’s earlier decline.
However, the second weekly inflow was smaller than the first. The data shows that demand has returned, but not yet that it is accelerating. Continued positive flows would provide stronger support for a move through $67,000 and toward the monthly resistance near $70,000.
The bullish confirmation could be backed by a successful retest of the $64,000 breakout area, followed by a sustained move above $67,000. The stronger long-term signal would come from a monthly close that reclaims the lost ascending trendline.
The broader setup also entered a macro-heavy period shaped by three groups of catalysts in the following days: technology-sector earnings, central-bank and economic decisions and US-Iran developments, which could influence oil prices and wider risk appetite.
For now, buyers hold the advantage on the daily chart. The monthly structure remains at an inflection point, making $67,000 the first test and $70,000 the level that could determine whether the recovery develops into a larger reversal.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
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.
Hyperliquid has activated its HIP-4 upgrade, opening prediction markets to all users on its platform. This development marks a significant strategic shift for the decentralized derivatives protocol, which has a total value locked of over $5.5 billion. The upgrade allows users to deploy fully collateralized binary outcome contracts, settling based on real-world events such as U.S. CPI and Bitcoin price thresholds. By integrating these contracts alongside existing perpetual futures and spot markets, Hyperliquid aims to enhance user engagement and compete with established platforms like Polymarket and Kalshi. The HYPE token is at $60.60, maintaining growth despite broader market uncertainties.
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Key Takeaways Hyperliquid’s HIP-4 upgrade appears to increase accessibility by allowing anyone to deploy prediction markets, potentially boosting platform activity. Market pricing suggests a 29% likelihood that Hyperliquid will reach $100 by the end of 2026, reflecting cautious optimism among participants. The introduction of zero-fee event contracts is consistent with Hyperliquid’s strategy to attract new users and compete with existing prediction market providers. What to Watch Markets are focusing on whether Hyperliquid can sustain growth and reach its $100 price target by the end of the year, as indicated by the 29% YES pricing. Key developments, such as strategic partnerships or significant increases in volume, could influence market dynamics. Conversely, any security breaches or regulatory challenges might weigh negatively on participant sentiment and pricing. As the year progresses, shifts in market sentiment will likely be driven by these unfolding events and their perceived impact on Hyperliquid’s valuation.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 29% — — View market → January 1 2027 6.1% — — View market → January 1 2027 3.1% — — View market → January 1 2027 51% — — View market → January 1 2027 9.8% — — View market → January 1 2027 3% — — View market →
Hyperliquid sets 500,000 HYPE stake for permissionless prediction market deployersHyperliquid plans to require developers to stake 500,000 HYPE, worth about $30.4 million, to deploy permissionless prediction markets under HIP-4.
Hyperliquid plans to introduce permissionless prediction markets by requiring developers to stake 500,000 HYPE tokens (about $30.4 million) to launch them under HIP-4.
The proposal introduces a capital threshold and slashing mechanism intended to discourage poorly defined or improperly settled markets
In an announcement, Hyperliquid said permissionless deployment will become available on testnet before expanding to mainnet in a future network upgrade. Validators will vote on standard outcome templates that deployers can use to create markets, while each deployer will initially be limited to 100 outcomes. The allocation will be released for reuse when a market is settled.
Deployers will be responsible for defining and settling their markets according to the settlement criteria specified in each template. Their stake, which will remain locked for six months, may be slashed through a validator vote if their markets are poorly defined, incorrectly settled or left incorrectly unsettled for more than a week.
Hyperliquid said permissionless deployment was particularly important because the range of potential event-based markets was significantly larger than the universe of assets suitable for spot or perpetual futures trading. The specifications may change before the testnet release.
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.
Hyperliquid sets 500,000 HYPE stake for permissionless prediction market deployersHyperliquid plans to require developers to stake 500,000 HYPE, worth about $30.4 million, to deploy permissionless prediction markets under HIP-4.
Hyperliquid plans to introduce permissionless prediction markets by requiring developers to stake 500,000 HYPE tokens (about $30.4 million) to launch them under HIP-4.
The proposal introduces a capital threshold and slashing mechanism intended to discourage poorly defined or improperly settled markets
In an announcement, Hyperliquid said permissionless deployment will become available on testnet before expanding to mainnet in a future network upgrade. Validators will vote on standard outcome templates that deployers can use to create markets, while each deployer will initially be limited to 100 outcomes. The allocation will be released for reuse when a market is settled.
Deployers will be responsible for defining and settling their markets according to the settlement criteria specified in each template. Their stake, which will remain locked for six months, may be slashed through a validator vote if their markets are poorly defined, incorrectly settled or left incorrectly unsettled for more than a week.
Hyperliquid said permissionless deployment was particularly important because the range of potential event-based markets was significantly larger than the universe of assets suitable for spot or perpetual futures trading. The specifications may change before the testnet release.
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.
Hyperliquid announced plans to introduce a permissionless prediction market deployment mechanism via HIP-4, requiring developers to stake 500,000 HYPE tokens (valued at approximately $30.4 million) to create prediction markets. The mechanism aims to mitigate risks of low-quality markets, incorrect settlements, or malicious market creation through capital thresholds and penalty mechanisms. Per Hyperliquid’s announcement, the permissionless deployment feature will first launch on the testnet, with a planned mainnet rollout via future network upgrades. Validators will vote to finalize standardized result templates, and developers can build markets based on these templates. Each deployer can create up to 100 outcome options initially, while deployers are responsible for defining market rules and completing settlements in line with template requirements. Staked HYPE tokens will be locked for six months. If a market is ill-defined, settled incorrectly, or fails to complete proper settlement within a week, validators can vote to slash the staked assets. Hyperliquid noted that predictable events cover a broader scope than spot and perpetual contract markets, making permissionless prediction market deployment critical for expanding on-chain use cases. Relevant rules may be further adjusted ahead of the testnet launch.
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If you want to build a prediction market on Hyperliquid, you’ll need to bring roughly $30 million to the table first. The decentralized exchange has announced that developers looking to deploy permissionless outcome markets under its HIP-4 initiative must stake 500,000 HYPE tokens, locked for a minimum of 183 days.
At current prices hovering around $60 per token, the barrier to entry is steep enough to make most casual builders think twice.
What HIP-4 actually does HIP-4 enables fully collateralized binary outcome contracts, which is a fancy way of saying prediction markets. Developers can create markets where traders bet on yes-or-no outcomes, with all positions backed by real collateral rather than promises.
The system initially launched on mainnet on May 2, 2026, in a curated phase. That early rollout featured limited offerings like daily BTC binaries, essentially Hyperliquid keeping the training wheels on while it stress-tested the infrastructure.
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Now those training wheels are coming off. The transition to permissionless deployment means anyone willing to meet the staking threshold can create their own markets without needing Hyperliquid’s explicit approval.
The 500,000 HYPE staking requirement mirrors the threshold established under the earlier HIP-3 framework for market creation, maintaining consistency across the platform’s deployment standards. The tokens must stay locked for at least six months, and validators can slash those staked tokens for misconduct — including poorly defined markets or incorrect settlements.
The economics of deploying a market Deployers can earn up to 50% of the trading fee revenue generated by their markets.
The structure also benefits the broader Hyperliquid ecosystem. Every deployment locks up 500,000 tokens for at least 183 days, effectively reducing circulating supply.
Competing with Polymarket and the prediction market boom Hyperliquid is making a clear play to capture market share by leveraging its existing infrastructure as a high-performance decentralized exchange, positioning the platform alongside major players like Polymarket.
The HYPE token traded between $60 and $70 in mid-July 2026 following the announcement, with minor fluctuations in the $60.50 to $60.79 range suggesting the market had largely priced in the upgrade.
The validator slashing mechanism adds another variable. If early deployers get slashed and lose portions of their $30 million stakes, it could create a chilling effect that discourages future participation. Conversely, if the slashing mechanism functions as intended — catching bad actors while leaving legitimate deployers untouched — it would validate the economic security model that Hyperliquid is pioneering.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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Hyperliquid is positioning itself as the default liquidity layer for AI agents and algorithmic systems. The play is simple on the surface: offer a single, unified feed of funding rates, open interest, and cross-venue exposure, so agents can make sharper risk assessments without stitching together data from a dozen different sources.
The platform computes funding rates hourly, capped at 4% per hour, with a 0.01% interest component factored in every 8 hours. That level of granularity matters for algorithmic systems that need precise, time-stamped inputs to model carry costs and position risk.
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The infrastructure upgrade that makes this practical is the introduction of agent wallets, sometimes called API wallets. These allow bots and AI systems to execute trades directly without requiring withdrawal permissions. A trading agent can operate on Hyperliquid with meaningful autonomy without holding the keys to the full treasury. Hyperliquid’s architecture is also optimized for sub-second transaction finality, which for high-frequency or reactive trading strategies is the difference between a profitable trade and a missed one.
Hyperliquid’s open interest crossed $10 billion by mid-2026. HIP-3 markets, which allow permissionless deployment of new trading pairs including tokenized assets and pre-IPO exposure products, recorded roughly $3.69 billion in volume during the same mid-2026 period. The platform also points to trillions in cumulative trading volume as evidence that liquidity depth is genuine rather than manufactured.
Senpi launched what it described as personal trading agents for Hyperliquid in February 2026, integrating a suite of 31 tools. Those agents come with persistent memory, meaning they retain context across trading sessions rather than starting from scratch each time.
For traders and investors watching this space, the concentration of open interest above $10 billion on a single venue introduces a specific kind of risk worth tracking. When automated systems cluster on one platform and share similar data inputs, their behavior during stress events can become correlated. A sharp move that triggers liquidations across multiple agent-managed positions simultaneously is not a theoretical scenario.
Agents with access to unified cross-venue exposure data can manage portfolio risk more holistically than traders watching fragmented dashboards. Funding rate arbitrage, delta-neutral hedging, and cross-market basis trades all become more tractable when the data infrastructure supports them cleanly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperliquid plans to open its HIP-4 outcome market infrastructure to permissionless deployments, allowing outside builders to create prediction markets under a validator governed framework, the company announced on its Telegram channel.
The feature will launch first on testnet before expanding to mainnet. HIP-4 outcome markets went live on mainnet in May, but deployments are currently controlled by Hyperliquid validators.
The planned upgrade will shift most market creation to third party deployers while validators retain control over the templates that determine which types of outcomes can be listed.
Deployers will be required to stake 500,000 HYPE. At the current HYPE price of about $62.25, the requirement represents roughly $31.1 million, creating a substantial capital barrier for builders seeking to operate markets.
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The stake will remain locked for six months and may be slashed through a validator vote if a deployer creates poorly defined markets, settles an outcome incorrectly or leaves a market incorrectly unsettled for more than one week.
Builders must settle every outstanding market before withdrawing their stake. The requirement is designed to make deployers financially responsible for the accuracy and clarity of the markets they operate.
Hyperliquid validators will approve standardized outcome templates whose specifications will be stored and enforced onchain. Deployers will then be able to create individual markets based on those templates and will remain responsible for defining their settlement conditions and resolving them correctly.
The structure introduces permissionless market creation without giving deployers complete control over which categories of questions can be offered. Hyperliquid said validator approved templates will be limited to outcomes with sufficient liquidity and public interest and must be clearly defined and unambiguous.
Each deployer will initially receive capacity for 100 outcomes, equal to 200 outcome tokens. Settled outcomes will free their allocation for reuse, while a future auction mechanism will allow builders to expand their capacity.
Deployers will eventually be able to receive as much as 50% of trading fees generated by their markets. Hyperliquid said configurable fee sharing will arrive in a later upgrade. Only assets that meet its AQAv2 aligned quote asset standard will be eligible to serve as collateral.
Validator deployed markets will continue to exist but are expected to become rare. Hyperliquid said the network should ideally create fewer than 10 canonical outcomes each year, leaving third party builders responsible for most of the platform’s future market expansion.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
@HyperliquidX is opening its outcome markets to the crowd. The protocol announced on July 20 that its HIP-4 framework will support permissionless deployment, meaning anyone will be able to offer a prediction market on the platform, subject to approved templates voted on by validators.
Hyperliquid launched HIP-4 in May, bringing prediction markets to its high-performance blockchain, and attracted around $100 million in volume in its first month. Until now, outcome markets on Hyperliquid have only been deployed by validators. The permissionless phase changes that, following the same playbook used for HIP-3, which opened perpetual contract creation to outside builders in October 2025.
How it works To launch a HIP-4 market, developers must stake 500,000 $HYPE, which will remain locked for six months. The stake can be slashed if markets are poorly defined, settled incorrectly, or remain unresolved for more than one week. At roughly $60 per token, that stake amounts to approximately $30 million, a capital threshold that functions less like an open door and more like a velvet rope, accessible to well-capitalised institutions and funds, but effectively closed to most independent developers.
Under the proposed system, validators will vote on standardised outcome templates that define how markets should be structured. Those templates will be stored and enforced onchain, allowing anyone to deploy new markets using approved formats instead of requiring validator approval for every listing. Hyperliquid also plans to let deployers earn up to 50% of trading fees generated by their prediction markets, creating a financial incentive to build new markets on the network.
Once permissionless contracts become available, the validator-controlled markets will continue to exist, but are expected to be rare. Hyperliquid said ideally there will be fewer than 10 of them per year. Permissionless prediction markets will be available first on testnet and later on mainnet.
A crowded market Prediction markets, a sector dominated by Polymarket and Kalshi, allow participants to bet on event outcomes and have evolved into a multibillion-dollar sector of the blockchain industry. Prediction markets recorded their strongest quarter in history in the three months just ended, posting $113.8 billion in notional trading volume for Q2 2026, a 48.7% jump quarter over quarter.
One structural advantage Hyperliquid carries into this space is integration. HIP-4 prediction markets sit inside the same account structure where Hyperliquid traders already run their perpetuals positions. No separate wallet, no bridging funds, no separate collateral. A trader can hold a binary position on the Federal Reserve's next rate decision alongside their ETH perpetual exposure under shared margin, an account integration that neither Polymarket nor Kalshi currently offers.
All specifications described above are preliminary and subject to change based on feedback, the team clarified, adding that users will be informed once the feature goes on the testnet and updates on the documentation are made.
Sources:
CoinDesk: Hyperliquid plans to introduce decentralized prediction markets in HIP-4 upgrade
The Block: Hyperliquid's HIP-4 to support permissionless deployment for outcome markets
Crypto.news: Hyperliquid plans permissionless HIP-4 prediction market deployment
The plan would end validator-gated listings, requiring deployers to lock about $30 million in tokens while letting them keep up to half the trading fees.
Original Image Credits: mundissima / Shutterstock.com
Posted July 20, 2026 at 2:38 pm EST.
Hyperliquid plans to throw open its prediction markets to any developer, ending the validator-gated system that has governed the product since its debut. In a Telegram announcement on Sunday, the decentralized exchange said it would open its HIP-4 “outcome markets” to permissionless deployment in a coming upgrade, arriving on testnet before mainnet.
Today, only Hyperliquid’s validators can list outcome markets. Under the change, developers would be able to spin up their own markets from standardized templates that validators approve and store onchain. “Permissionless deployments are especially important for the growth of outcome markets,” Hyperliquid said, arguing that the “possible universe of tradeable outcomes is vast” and far larger than the set of assets behind conventional perpetuals or spot tokens.
A 500,000 HYPE Ticket The access carries a steep price. Each deployer must stake 500,000 HYPE, worth roughly $30 million at recent prices near $60, locked for six months, and can lose part or all of it by validator vote if a market is poorly defined, settled incorrectly, or left unsettled for more than a week. In return, deployers can keep up to 50% of the fees on the markets they run and will start with room for 100 outcomes each, with an auction to buy more capacity planned as a follow-up.
Validators will still list a handful of “canonical” markets directly, but Hyperliquid said those should be rare, ideally “fewer than 10 outcomes or questions per year.” It cautioned that the terms remain preliminary and could change with community feedback.
Chasing a Booming Sector The push deepens Hyperliquid’s move into a market dominated by Polymarket and Kalshi. The exchange launched HIP-4 on mainnet in May, using its own validators rather than an external oracle to settle bets, and drew about $100 million in trading volume in the first month. Interest in prediction markets has surged this year, with heavy wagering on the FIFA World Cup, drawing platforms like Coinbase and Robinhood into the sector.
Related Listen: What Two DOJ Cases Reveal About the Legal Risks of Prediction Markets: Bits + Bips
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Deployers can set fees of up to 50% but face slashing by validator vote for poorly defined or unsettled markets, under terms Hyperliquid calls preliminary.
Hyperliquid said its HIP-4 upgrade will support permissionless deployment of prediction markets in a future enhancement, allowing anyone to list event contracts on the decentralized exchange, according to a statement the team posted on Telegram on Sunday.
To deploy, builders will be required to stake 500,000 HYPE — about $30 million at the token's current price near $60, per CoinGecko — which validators can slash through a vote if they determine a market was poorly defined or settled incorrectly. Deployers will earn up to 50% of the revenue from trading fees on their markets.
From Validator Control to Open DeploymentHIP-4 introduced "outcome trading" to Hyperliquid and went live on mainnet in May. Prediction markets currently remain under the authority of validators, who approve each listing.
Under the planned change, validators will instead vote on standardized outcome templates that define how markets are structured and enforced on-chain, letting deployers launch new markets using approved formats without per-listing approval. Permissionless markets will roll out first on testnet and later on mainnet.
Validator-controlled markets will continue to exist but are expected to be rare — "ideally" fewer than 10 per year, Hyperliquid said.
Reported details of the spec indicate the staked HYPE will be locked for six months, with deployers required to settle every outstanding market before withdrawing, and each deployer initially receiving capacity for 100 outcomes.
Demand Link to HYPEThe staking requirement ties prediction-market growth to demand for HYPE, removing 500,000 tokens from circulation per deployer against a circulating supply of roughly 253 million. HYPE rose about 1% in the hours after the announcement, lifting from an intraday low of $59.88 to just above $60.50.
The move puts Hyperliquid deeper into a prediction-market sector dominated by Polymarket and Kalshi and increasingly contested by centralized platforms such as Coinbase and Robinhood. Whether independent builders commit eight-figure sums to deploy markets will determine how much the permissionless design is used in practice.
Hyperliquid, a high-performance Layer-1 blockchain and decentralized derivatives exchange, has announced a significant update allowing users to deploy prediction markets by staking 500,000 HYPE tokens, equivalent to approximately $30 million. This change eliminates the need for validator approval, paving the way for more decentralized and accessible event markets. The development is part of Hyperliquid’s HIP-4 framework, which integrates prediction markets into its existing infrastructure, potentially challenging established platforms like Polymarket and Kalshi.
The HYPE token currently trades around $60.47 to $62.08, suggesting a substantial financial commitment for those wishing to create new markets. This move could bolster Hyperliquid’s presence in the prediction market sector, aligning with its strategy to expand its infrastructure and increase user engagement. Market participants appear to interpret this as a positive development, which could influence the token’s future valuation.
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In the context of prediction markets, Hyperliquid’s new approach may impact ongoing market odds. Current predictions suggest a 29% probability that Hyperliquid will reach $100 by December 31, 2026, with other price points showing varying levels of support.
Key Takeaways Hyperliquid appears to facilitate market creation without validator gatekeeping, potentially increasing its market appeal. Market pricing suggests a moderate increase in Hyperliquid’s price prediction odds due to this development. The HYPE token’s current pricing reflects the substantial stake required to create new markets under the HIP-4 framework. What to Watch Observers will be monitoring how this change affects Hyperliquid’s competitive position against Polymarket and Kalshi. Any fluctuations in the HYPE token price could further reflect market sentiment towards this development. Additionally, announcements from Hyperliquid regarding partnerships or technological advancements may indicate potential future movements in prediction market odds.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 29% — — View market → January 1 2027 6.2% — — View market → January 1 2027 3.1% — — View market → January 1 2027 51.5% — — View market → January 1 2027 34.1% — — View market → January 1 2027 3.1% — — View market →
Prediction markets are becoming one of crypto’s fastest-growing sectors. Hyperliquid’s latest HIP-4 proposal is moving that trend further by allowing builders to create permissionless outcome markets instead of relying on protocol-managed listings.
The upgrade expands opportunities for developers while increasing competition among prediction market platforms. As interest in trading infrastructure grows, investors are also watching newer projects like MemeToro ($MT), which combines AI-powered market analysis with a broader ecosystem designed around trading, community participation, and token discovery.
Hyperliquid Opens the Door to Permissionless Markets Hyperliquid’s HIP-4 proposal marks an important shift for its prediction market ecosystem.
Earlier versions relied on protocol-managed outcome markets with limited deployment options. Under the planned upgrade, builders will be able to launch their own standardized prediction markets after meeting specific staking requirements.
Deployers will need to lock 500,000 HYPE as collateral before creating markets. That stake can be reduced if markets are judged to be misleading, poorly designed, or settled incorrectly, encouraging builders to maintain clear and reliable market structures.
The proposal also introduces new incentives.
Creators of successful markets can earn up to 50% of the trading fees generated by the markets they deploy, creating a financial reason to build active trading communities.
Validators will continue reviewing standardized templates to maintain consistency across the protocol while allowing far more participation than previous versions.
The upgrade positions Hyperliquid as a stronger competitor in the growing prediction market sector, challenging established platforms by giving developers more freedom to create new markets.
MemeToro Uses AI to Help Traders Discover New Opportunities As more prediction markets and memecoins enter the crypto ecosystem, finding worthwhile opportunities becomes increasingly difficult.
MemeToro is developing an AI-powered discovery engine that helps users identify market narratives before they become widely discussed.
Instead of concentrating only on token creation, the platform continuously analyzes news events, social media conversations, and community activity to detect trends gaining momentum across different blockchain ecosystems.
The AI-generated insights are intended to help users monitor changing sentiment while exploring new projects inside the platform.
By combining market intelligence with community activity, the platform aims to give users more context before participating in new blockchain projects.
How to Buy Presale Crypto $MT Buying in is straightforward, and the same steps apply no matter how you pay. Find the buy button on the official MemeToro ($MT) website to open the presale smart contract, then make sure your wallet is switched to BNB Chain before going further. Choose a supported cryptocurrency or pay directly with a card, then authorize the transaction to complete your purchase.
$MT sticks around after the presale ends. Holders can stake it, tap into trading products down the line, and use it as the go-to settlement asset across MemeToro.
MemeToro ($MT) is currently progressing through Stage 4 of its public presale. The fundraising campaign has already collected $80,178.47, reaching 73.28% of its current target of $109,411.90.
The current purchase price remains $0.00232 per $MT, while the official launch price has been fixed at $0.01875.
Trading Platforms Continue to Expand Beyond Simple Exchanges Hyperliquid’s HIP-4 proposal shows how crypto trading platforms are evolving beyond traditional spot and derivatives markets. Permissionless prediction markets give builders new ways to create trading opportunities while rewarding active participation.
At the same time, platforms like MemeToro ($MT) are expanding the idea of trading by combining AI-driven market discovery with creator tools and community participation.
As blockchain ecosystems become more competitive, investors are increasingly comparing not only individual tokens but also the platforms designed to help users discover, evaluate, and participate in future market opportunities.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
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Political memecoins have always attracted attention, but few have generated as much debate as Official Trump ($TRUMP). Once one of crypto’s biggest success stories, the token has become a symbol of how quickly sentiment can change in speculative markets.
With prices remaining far below previous highs and fresh reports highlighting investor losses, many traders are exploring projects built around broader ecosystems rather than political narratives. MemeToro ($MT) is one of the presales gaining traction by focusing on AI-powered tools and community infrastructure instead of celebrity branding.
Trump Memecoin Remains One of Crypto’s Most Controversial Tokens The Official Trump memecoin continues to dominate headlines for reasons beyond its market performance.
Recent reports estimate that nearly 988,905 wallets have lost money on the token, with combined investor losses reaching approximately $3.81 billion. At the same time, President Donald Trump’s financial disclosures showed around $635 million in royalties from the memecoin licensing agreement, while his broader cryptocurrency ventures reportedly generated more than $1.4 billion during his first full year back in office.
The contrast has fueled debate across the crypto industry.
Many investors point to the difference between issuer earnings and retail outcomes as a reminder of how unpredictable politically themed memecoins can become. The token itself has fallen more than 96% from its all-time high of roughly $75, trading around $1.58 during recent market updates.
Despite the decline, $TRUMP remains one of the most recognized political tokens in crypto.
Its price continues reacting heavily to political news, public appearances, and market sentiment rather than platform development or ecosystem growth.
That dependence on external events has encouraged some investors to look toward projects with utility beyond branding alone.
MemeToro Builds Around Communities Instead of Personalities Rather than depending on one public figure or viral trend, MemeToro ($MT) is designed as a platform where different communities can launch and grow their own projects.
Creators receive dedicated profile pages where they can introduce their ideas, publish updates, and interact directly with supporters. Every project also includes transparent dashboards showing token allocations, liquidity information, and wallet activity, giving users more information before participating.
The platform also encourages long-term community engagement through several integrated features.
Some of the ecosystem highlights include:
Creator pages with live updates Public meme galleries Community reward programs DAO governance through $MT AI-powered sentiment monitoring Transparent token dashboards The goal is to help projects build active communities rather than relying entirely on celebrity attention or short-term market excitement.
Your Step-by-Step Guide to the $MT Presale No technical background needed. Just head to the official site and click the active presale link to get started. Next, connect a wallet that’s compatible with BNB Chain. When it’s time to pay, you can choose BNB, ETH, stablecoins, or a card. Confirm the purchase and your tokens land in your wallet almost instantly.
Getting in early isn’t just about price. Early buyers get first crack at staking rewards, trading tools, and new features as MemeToro ($MT) rolls them out.
MemeToro’s public presale is currently progressing through Stage 4. The project has raised $80,178.47, reaching 73.28% of its current funding goal of $109,411.90.
The current entry price remains $0.00232 per $MT, while the official launch price has been fixed at $0.01875.
Investors Are Looking Beyond Political Narratives The Trump memecoin remains one of the most recognizable names in crypto, but its recent performance highlights how quickly sentiment can shift around politically driven assets. As more investors evaluate projects before buying, many are paying closer attention to platforms with broader ecosystems instead of tokens tied to individual personalities.
MemeToro ($MT) reflects that changing approach by focusing on creator communities, transparent project information, AI-powered market insights, and long-term platform development while continuing to build momentum through its Stage 4 public presale.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
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The crypto market overview for Monday shows cautious stability as Bitcoin price remains above $64,000. Ethereum price holds near $1,882, while XRP price struggles below the $1.10 resistance level.
Pi Network leads the market with a 15% jump. Pump.fun also extends its rebound. Traders are watching geopolitical tensions and the Federal Reserve meeting scheduled for July 28 and July 29 later this month.
Crypto Market Stabilizes as Bitcoin Holds Above $64k Level The wider crypto market is still pegged at around $2.2 trillion, which is indicative of minimal activity in the digital assets.
The Crypto Fear and Greed Index of CoinMarketCap is 34, indicating a cautious attitude even after recent recoveries. Bitcoin price traded around $64,927 on Monday after gaining 1.45% during the previous seven days.
Source: CMC data The leading cryptocurrency is testing a bullish breakout near the $64,200 support zone. A sustained hold above $64,200 could help buyers challenge the $65,000 resistance level as per the detailed Bitcoin price analysis.
Nevertheless, a decisive drop below that level might push the Bitcoin further down, and leave it vulnerable to $60,000.
The renewed military tensions between the United States and Iran further raised market uncertainty. Investors will pay attention to the Federal Reserve meeting on July 28 and July 29.
The rate decision of the central bank may affect the liquidity expectations, risk appetite, and prices of the cryptocurrencies in the various markets.
Ethereum Price Consolidates Near $1,882 While XRP Faces Pressure Ethereum price was trading at $1,882 on Monday following a 4% increase over the past week. The ETH continues moving sideways between support near $1,820 and resistance at $1,940.
The breakout of above $1,940 may reinforce momentum and motivate buyers to seek new levels. Conversely, a drop below $1,820 may expose Ethereum to further selling pressure during the week.
Source: Tradingview XRP price is also in the weak position, and its upside has been repeatedly limited below the resistance level of $1.10. Its technical structure is weakening with the token approaching major support at $1.00.
Any recovery above $1.10 would be required to boost sentiment and rekindle short-term momentum.
Pi Network Extends Rally Ahead of Protocol v25 Upgrade Pi Network price gained more than 15% on Monday, extending its rebound for a fourth consecutive session.
The rally followed a 207% increase in daily trading volume to $40.47 million. That steep growth implies a new speculative buzz and increased purchasing dynamics around the PI token.
Pi Network’s Protocol v25 is bringing several Improvements@PiCoreTeam schedules its Protocol v25 upgrade for July 22 to optimize network stability and enhance smart contract efficiency across its global ecosystem.
The rollout introduces privacy-preserving smart contract… pic.twitter.com/Ynm1y1tadU
— BSCN (@BSCNews) July 16, 2026
Investors are preparing for the Protocol v25 upgrade, due July 22. The update will replace older Protocol v19 standards with newer features designed to improve network performance.
Pump.fun Rebounds 20% as PUMP Climbs to Two-Month High Pump.fun traded near $0.0020 on Monday after gaining 20% during the previous session. The PUMP token has gained over 35% in the last one week, which favors the positive short-term perspective.
Its price soared to a two-month high when crypto trader Ansem announced the new position in the token. The rally started on Sunday when PUMP rose by about $0.0016 to $0.0019.
A viral meme coin as well as more attention was paid to the Solana launchpad and enhanced platform activity.
Trader 0xbf73 made a 10x long trade on $1.53 million worth of 764.14 million PUMP, which was funded by $115,000 worth of SOL purchased by Ansem (@blknoiz06).
After Ansem(@blknoiz06) bought $PUMP with 1,500 $SOL($115K), trader 0xbf73 opened a 10x long on 764.14M $PUMP($1.53M).
Nevertheless, additional returns might be pegged on the fact that Bitcoin is not going to drop and wider risk appetite is going to increase in the crypto markets.
"A clean breakout above $0.0020 could trigger the next bullish leg," one analyst assumed.
The cryptocurrency market has shown a minor resurgence today (July 20), yet the best-performing asset (from the top 100 club) isn’t Bitcoin (BTC) or Ethereum (ETH), but Pump.fun’s native token, PUMP.
Meanwhile, some believe this may not be just a temporary price spike but the beginning of a much more substantial rally.
What Comes Next? PUMP registered a 20% daily increase, reaching approximately $0.002, its highest level since mid-May. Its market capitalization soared to nearly $800 million, making it the 71st-biggest cryptocurrency.
PUMP Price, Source: CoinGecko One potential catalyst for the solid performance could be the increased interest from popular industry participants. Lookonchain revealed that the well-known crypto trader and influencer Ansem bought PUMP with 1,500 SOL (worth around $115,000), while another anonymous individual opened a $1.5 million long position with 10x leverage.
Crypto X is now rammed with analysts who believe PUMP is on the verge of a further jump. Crypto Patel claimed the token has confirmed a high-timeframe breakout, indicating a potential 200% upside.
X user 0xNeena opined that a decisive push above $0.002 could unleash the next wave upward, while Greeny went even further, suggesting this might mark the beginning of a bull run that may stretch into 2027.
Captain Faibik also chipped in, forecasting that PUMP could soon explode to around $0.0047, thus reaching its highest point since November last year.
You may also like: Nearly 70% of Pump.fun Tokens Die on Launch Day: CoinGecko South Korea Cracks Down on CatFi Rugpull: First-Ever Crypto Fraud Case Under New Investor Protection Law Solana-Based Meme Coin Launchpad Pump.fun Traders See Turnaround in 2026: CoinGecko Mind the Potential Risks In an environment dominated by sellers and a bear market that has shattered investor optimism, it’s worth remembering that PUMP’s resurgence could be short-lived. Over the past few months, numerous altcoins have posted revivals, only to head south by double digits within days, sometimes even hours.
PUMP’s Relative Strength Index (RSI) should also serve as a warning. Its ratio has risen above 70, meaning that the token has entered overbought territory and could be due for a correction. The technical analysis tool ranges from 0 to 100, and readings below 30 are considered buying opportunities.
The bitcoin treasury company lifted its cash reserve to a $3.225 billion as its 843,775 BTC stack sits about $9 billion underwater.
Strategy Inc (NASDAQ: MSTR) sold 2,732,318 shares of its Class A common stock between July 13 and July 19, generating net proceeds of $263.5 million under its at-the-market offering program, according to an 8-K filed with the Securities and Exchange Commission on July 20.
The company made no bitcoin (BTC) purchases during the period, the second consecutive week without an acquisition. Its holdings remain at 843,775 BTC, bought for an aggregate $63.69 billion at an average price of $75,476 per coin.
No Preferred Sales, No BuybacksThe filing showed no sales under any of Strategy's four preferred-stock ATM programs — STRF, STRC, STRK and STRD — during the week, and no repurchases under its share buyback programs. The common-stock sale was the sole capital-markets activity.
Strategy said $23.53 billion remains available under its MSTR common-stock offering, which reflects combined capacity including a $21 billion increase announced in March. Its US dollar reserve, held to cover preferred dividends and debt interest, stood at $3.225 billion as of July 19.
Holdings Sit Below Cost BasisStrategy's average purchase price of $75,476 per bitcoin is above the token's recent trading level. Bitcoin was changing hands near $64,200, according to CoinGecko, which puts the position's market value around $54 billion — below the roughly $63.7 billion the company has paid. MSTR shares edged about 0.5% higher in pre-market trading Monday.
The second straight week without a bitcoin purchase, funded entirely by equity sales rather than preferred issuance, suggests Strategy is prioritizing liquidity over accumulation at current price levels.
Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s (CRYPTO: BTC) next major wave of demand will come from the "final boss of investing" which is the institutional capital.
Speaking in a Milk Road interview on July 19 alongside Bitwise research head Ryan Rasmussen, Hougan argued that Bitcoin has repeatedly transitioned from one dominant buyer group to another and is now approaching its largest potential source of capital yet.
Concerns have emerged over whether Bitcoin could face a demand gap as Strategy Inc. (NASDAQ:MSTR), slows or changes its purchasing activity.
Hougan said Bitcoin’s history is defined by its largest buyer eventually handing the baton to a new group.
Before Strategy, demand was led by the Grayscale Bitcoin Trust (NYSE:GBTC) Before Grayscale, U.S. retail investors followed Asian retail buyers and Bitcoin’s earliest cypherpunk adopters.
This time, he believes the identity of the next buyer is already clear.
"The end boss of investing is institutional capital," he said, pointing to financial advisers, pension funds, endowments and sovereign wealth funds.
"I think it’s going to be a great bull market for Bitcoin," he said.
Vanguard Signals Institutional ShiftRasmussen highlighted reports that Vanguard, which manages trillions of dollars, is seeking a senior digital-assets executive to develop its crypto strategy. This marks a major move that crypto is transitioning from offshore and retail-dominated markets toward mainstream institutional infrastructure.
Once a major institution embraces digital assets, Hougan said, that decision tends to become a "one-way door."
Five years ago, allocating to crypto represented a professional risk. Today, Hougan said appearing openly hostile to digital assets may make executives look as though they have their "head in the sand."
DeFi’s Market Is Bigger Than CryptoHougan said institutional adoption will not stop with Bitcoin.
Investors have traditionally viewed decentralized finance as serving only the crypto market, which he estimated at roughly $2 trillion. However, he argued that DeFi’s true addressable market is the entire global financial system, potentially worth hundreds of trillions of dollars.
As traditional assets move on-chain, decentralized protocols could compete across lending, trading, settlement and asset management.
Hougan believes Bitcoin will lead institutions into crypto, while tokenization and DeFi broaden the industry’s opportunity across global finance.
Image: Shutterstock
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Nearly $2.3 billion in stablecoins have exited Binance and Bybit over 30 days.
Bitcoin (BTC) continues to trade in a consolidation phase, a little above the $60,000 level. The market is approaching 165 days of testing that crucial price zone despite a rally above $80,000 in May that ultimately failed to sustain momentum, according to analyst Darkfost.
The analyst pointed to a lack of fresh liquidity entering the crypto market as one of the main reasons behind Bitcoin’s inability to establish a stronger uptrend.
Stablecoin Drain Fresh demand has struggled to materialize for both Bitcoin and the broader crypto market, the analysis said. Exchange stablecoin reserves have reflected that trend since the beginning of the year, which essentially shows a near-continuous decline as outflows consistently outpaced inflows.
Over the past 30 days, Binance recorded approximately $1.55 billion in stablecoin outflows – a significant reduction in reserves over a relatively short period. Bybit also saw a further $786 million leave its stablecoin reserves during the same timeframe. In total, the two exchanges recorded nearly $2.3 billion in stablecoin outflows over the past month.
Darkfost explained that the falling reserves indicate that incoming liquidity and investor demand are continuing to contract. The analyst added that market participants appear to be withdrawing stablecoins from exchanges rather than deploying them into crypto assets, while some may be exiting the market entirely.
According to the analysis, such a “pessimistic” market positioning continues to limit the liquidity available to Bitcoin, which then ends up preventing the asset from making a meaningful breakout above its long-running consolidation range around the $60,000 level.
Accumulation Opportunity Some market analysts, such as Doctor Profit, believe that the ongoing market conditions present a gradual accumulation opportunity. The analyst recently said that investors waiting for Bitcoin’s traditional four-year cycle bottom could end up missing the market’s next move.
You may also like: Analyst Says Waiting for Bitcoin’s Four-Year Cycle Bottom Could Be a Costly Mistake Saylor’s Strategy Strengthens Liquidity Position but Long-Term Bitcoin Plan Still Faces Scrutiny What Happens to Bitcoin if the Fed Raises Rates in July? Meanwhile, market trader Daan Crypto Trades said the crypto asset is on track to close another weekly candle above its 200-week moving average (200MA), a level often watched as an important long-term support indicator. However, the trader said a stronger move higher is still needed to retrace the previous decline and reclaim the 200-week exponential moving average (200EMA). Until that happens, Bitcoin is expected to remain stuck in its “choppy” trading range around the current level.
Russia is set to finalize its crypto regulation bill, “On Digital Currency and Digital Rights,” which will create a legal framework for crypto and cross-border settlements. The legislation, expected to be enacted on September 1, 2026, legalizes crypto through licensed intermediaries under the oversight of the Central Bank of Russia. It also bans domestic crypto payments for goods and services, while allowing crypto use for international trade settlements. This development comes as the United States still lacks clear regulation guidance, potentially positioning Russia as a significant player in the international crypto market.
The introduction of this regulatory framework appears to have implications for Bitcoin’s future price predictions. Current market data suggest a low probability of Bitcoin reaching significant price thresholds by the end of 2026, with only a 2% YES probability for reaching $200,000. However, the move by Russia to facilitate international crypto transactions might influence future market confidence and pricing scenarios.
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Market participants seem attentive to geopolitical and regulatory shifts, as these factors could shape the landscape for cryptocurrency globally. The Russian bill could serve as a model for other countries, potentially impacting international adoption and regulatory approaches.
Key Takeaways Russia’s upcoming crypto regulation bill suggests a shift towards establishing a legal framework supportive of international crypto transactions. Market pricing currently reflects a low probability of Bitcoin reaching $200,000 by the end of 2026, with a 2% YES probability. The finalization of the Russian bill may indicate potential adjustments in global crypto market dynamics and regulatory standards. What to Watch As Russia finalizes its bill, market observers will likely monitor the impact on global crypto markets and Bitcoin pricing. Key indicators include how other nations might respond with their regulatory frameworks and whether this influences institutional adoption. Additionally, any developments in U.S. regulatory policies or significant announcements from entities like the Federal Reserve could further shape market expectations for Bitcoin and other cryptocurrencies.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 2.2% — — View market → December 31 2% — — View market → December 31 2.6% — — View market → December 31 3.5% — — View market → December 31 5% — — View market → January 1 2027 8% — — View market → January 1 2027 21.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 2.2% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.6% — — View market → January 1 2027 4% — — View market → January 1 2027 6.5% — — View market → January 1 2027 45.5% — — View market → January 1 2027 10.5% — — View market → January 1 2027 1.4% — — View market → January 1 2027 2.6% — — View market → January 1 2027 31.5% — — View market → January 1 2027 16.5% — — View market → January 1 2027 9.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 1.9% — — View market → January 1 2027 1.9% — — View market → January 1 2027 1.4% — — View market → January 1 2027 1% — — View market → January 1 2027 11.5% — — View market → January 1 2027 22.5% — — View market → January 1 2027 33.5% — — View market → January 1 2027 52.5% — — View market → January 1 2027 76% — — View market →
Bitcoin custody provider Onramp released a research report in July 2026 advocating for direct spot Bitcoin ownership over holding indirect, paper-based claims such as fund shares or exchange balances. The report, titled “Back to Basics,” comes as Bitcoin trades at approximately half its all-time high from late 2025, while global equities and gold approach record levels.
Onramp’s view on Bitcoin fundamentalsThe report opens by comparing Bitcoin’s price performance to traditional asset classes. While stocks and gold have continued upward, Bitcoin’s recent decline is interpreted by Onramp as an opportunity for accumulation, rather than a warning sign.
Onramp emphasizes Bitcoin’s fixed supply, highlighting its cap of 21 million coins as a core element that protects its monetary integrity. The firm contends that traditional fiat currencies are designed to lose purchasing power over time, with governments and financial institutions benefiting from newly issued currency at the expense of ordinary holders.
The research covers key aspects of Bitcoin’s structure, including its predetermined issuance schedule and the halving event, which periodically reduces the rate at which new coins enter circulation. According to Onramp, the decentralized nature of the network gives protocol control to users running full nodes, rather than to miners or centralized entities.
Onramp also defends proof of work, the consensus mechanism securing the Bitcoin network, describing it as a legitimate and efficient use of energy. The report points to mining operations utilizing otherwise wasted resources such as flared gas or surplus renewable power. For investors, Onramp positions Bitcoin as a modern successor to gold—scarce and durable, but more easily transferable and independently auditable by any user.
Volatility is described as a routine characteristic of an asset in the process of monetization. The report notes that Bitcoin has experienced several price declines of 50% or more, with each major drawdown historically followed by new all-time highs.
Onramp advises investors to use a disciplined, mechanical buying strategy such as dollar cost averaging, rather than attempting to time the market. This approach, the firm states, has gained popularity among retail and institutional participants, especially during recent market corrections.
Spot versus ‘paper’ BitcoinA central argument in the report focuses on the distinction between direct Bitcoin ownership and ‘paper’ representations. Onramp points out that many investors hold assets that track Bitcoin’s price—such as exchange-traded funds (ETFs), exchange balances, or structured products—rather than owning Bitcoin itself.
The report concedes that these vehicles often offer accurate price exposure and professional management. Nevertheless, Onramp warns that each additional layer adds potential risks, including reliance on custodians or administrators who may fail independently of Bitcoin’s protocol.
By contrast, holding Bitcoin directly—meaning in a private wallet where the investor controls the cryptographic keys—removes counterparty risk and enhances individual sovereignty. Onramp suggests options such as self-custody or multi-institutional custody solutions, which split private keys among independent parties.
The company, headquartered in the United States, provides custody services for Bitcoin, allowing clients to hold digital assets securely or leverage their multi-party custody model.
Mini dictionary: Multi-institutional custody refers to a security model where digital assets are held using multiple independent custodians. Keys are split so that no single entity can move or access the funds alone, reducing risk of loss or theft.
Onramp contends that “as more layers are added between the owner and their Bitcoin, so too are additional points of failure,” emphasizing that only direct spot ownership can fully eliminate counterparty risk.
Ownership TypeDirect controlCounterparty riskTransfer limitationsSpot Bitcoin (self custody)YesNoNoneExchange-held BitcoinNoYesPossible freezes, withdrawal limitsFund share/ETFNoYesCannot redeem for actual BitcoinMarket conditions and accumulation strategyOnramp highlights that the current price drawdown is less severe and shorter in duration compared to historical downturns seen in the Bitcoin market, with the present cycle approximately seven months past the latest peak and around 50% below that high.
The report references previous cycles, noting that every significant decline has eventually led to new highs, and describes the ongoing price weakness as an attractive entry point for accumulation. Onramp reiterates that its guidance is not to forecast specific prices but to encourage scheduled purchases and holding assets in secure, user-controlled custody.
For Onramp, expanding adoption and a fixed supply underpin Bitcoin’s resilience, with lower pricing giving buyers a potential advantage in the market.
Onramp has raised $12.5 million to support the development of its custody solutions, aiming to integrate cash, Bitcoin, and gold into unified client accounts for diversified asset management.
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.
Binance founder Changpeng Zhao has drawn a line between Bitcoin’s 21 million supply cap and an AI investment cycle that JPMorgan CEO Jamie Dimon expects to attract $725 billion this year.
Summary
CZ says AI boosts productivity, while Bitcoin’s fixed supply protects wealth from inflation. Jamie Dimon expects AI investment to reach $725 billion amid a powerful spending cycle. BlackRock executives believe debt and currency concerns could strengthen Bitcoin’s long-term case. CZ wrote in a recent X post that artificial intelligence and Bitcoin serve separate financial and economic roles, rejecting the idea that rapid advances in AI can protect investors when fiat currencies lose purchasing power.
“AI is great, but it does not protect you against inflation. Bitcoin does.”
AI is great, but it does not protect you against inflation.
Bitcoin does.
— CZ 🔶 BNB (@cz_binance) July 16, 2026 According to CZ, artificial intelligence can raise productivity, improve business efficiency and support technological development, while Bitcoin gives holders access to an asset whose supply cannot be expanded. His comparison places scarcity at the center of Bitcoin’s appeal rather than treating it as another fast-growing technology investment.
Capital has continued to enter AI software, chips, data centers and computing infrastructure as companies seek applications across healthcare, finance and manufacturing, CZ noted. Although those investments may produce new services and higher output, he argued that ownership in an AI company remains tied to revenue, execution and competition.
Companies developing AI products can also issue additional shares or raise fresh capital to fund expansion, according to CZ. Such financing can dilute existing shareholders, whereas Bitcoin’s protocol limits the total number of coins to 21 million, preventing any company or government from increasing its supply.
For CZ, that difference gives Bitcoin its potential as a long-term store of value when inflation weakens fiat money. His case does not rest on Bitcoin matching the productivity gains promised by AI; instead, he views the asset as protection against monetary expansion and the loss of purchasing power.
Bitcoin and AI serve different investment needs CZ has previously acknowledged that the AI boom could temporarily pull money away from Bitcoin and other assets. As private companies such as OpenAI and Anthropic attract large funding rounds, he argued that some investors may sell existing holdings to gain exposure to AI-related opportunities.
Despite that competition for capital, CZ does not consider Bitcoin and artificial intelligence direct rivals. Under his framework, AI helps companies produce more goods and services, while Bitcoin allows investors to hold an asset that cannot be diluted through additional issuance.
The distinction also separates the risks attached to the two themes. According to CZ, an AI company’s value depends on its ability to turn technology spending into a durable business while competing against other developers. Bitcoin holders face different risks, but its programmed scarcity does not depend on one management team meeting sales targets or defending market share.
Demand for AI infrastructure remains strong, with JPMorgan CEO Jamie Dimon forecasting that related investment will reach $725 billion this year. Dimon has linked his optimism to the volume of capital entering the industry and the continuing strength of the U.S. economy.
Describing the spending cycle as difficult to stop, Dimon compared its momentum with a wave gaining force.
“We’re in a bull market. It’s like a little tsunami. When that kind of thing happens, it’s very hard to stop.”
Dimon’s view supports CZ’s assessment that AI will continue drawing large amounts of investor capital, although the two executives differ sharply on Bitcoin. The JPMorgan chief has repeatedly criticized the cryptocurrency, while CZ has built his inflation argument around its fixed issuance.
Rather than dismissing the AI trade, CZ’s comments assign it a separate purpose. He credits the technology with improving productivity, but he does not believe higher output or stronger corporate earnings can replace an asset designed to resist supply expansion.
Debt concerns strengthen Bitcoin’s scarcity case At the same time, rising government borrowing has added weight to the monetary concerns behind CZ’s position. Dimon, despite his long-running criticism of Bitcoin, has recently warned about government debt and geopolitical risks that could affect markets over the next several years.
BlackRock executives have also connected fiscal pressure with Bitcoin’s investment case. Robert Mitchnick, BlackRock’s head of digital assets, has argued that concern over U.S. debt and persistent budget deficits could become a major source of demand for the cryptocurrency.
BlackRock CEO Larry Fink issued a similar warning in his 2025 annual letter, stating that uncontrolled U.S. debt could eventually threaten the dollar’s reserve-currency status. Fink argued that decentralized assets such as Bitcoin could benefit if investors lose confidence in national currencies and seek alternatives outside government control. BlackRock’s 2025 annual letter also placed technological change and long-term investing among the forces reshaping capital markets.
BlackRock’s fixed-income team has separately identified rising U.S. debt as a risk to demand for long-dated Treasury bonds and the dollar. The asset manager’s analysis warned that heavier issuance and reduced demand from major buyers could push borrowing costs higher, adding another fiscal concern to the case advanced by Bitcoin supporters.
Against that setting, CZ’s argument treats AI spending and Bitcoin ownership as responses to different conditions. His view assigns AI a role in generating economic growth while reserving Bitcoin for investors seeking scarcity when debt, inflation, or currency weakness threatens the value of conventional money.
Russia’s State Duma is poised to conduct final readings on the “On Digital Currency and Digital Rights” bill, a significant piece of legislation that seeks to regulate the country’s cryptocurrency sector. Scheduled for July 21, the bill focuses on licensing exchanges and brokers under the oversight of the Bank of Russia. It classifies cryptocurrency as property and permits crypto use for cross-border settlements while maintaining restrictions on domestic payments. The legislation introduces purchase caps and risk-awareness tests for non-qualified retail investors, allowing them to engage only with highly liquid assets such as Bitcoin (BTC), Ethereum (ETH), and USDT. Market participants appear to interpret these measures as limiting long-term BTC demand, suggesting a potential impact on future price predictions.
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Key Takeaways Russia’s crypto bill appears to limit long-term Bitcoin demand by focusing on licensed turnover and restricting domestic crypto use. The bill introduces regulatory measures such as purchase caps and risk tests for retail investors, suggesting a controlled market environment. Market pricing suggests a moderate decrease in the likelihood of Bitcoin reaching $200,000 by the end of 2026. What to Watch Observers will be closely monitoring the Duma’s final readings and any amendments that might affect the bill’s provisions. The potential impact on global Bitcoin markets could become clearer as the bill moves closer to implementation, expected on September 1, 2026. Watch for any shifts in pricing that might indicate changing sentiment towards Bitcoin’s long-term prospects, especially in light of regulatory developments in other countries.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 2.2% — — View market → December 31 2% — — View market → December 31 2.6% — — View market → December 31 3.5% — — View market → December 31 5% — — View market → January 1 2027 8% — — View market → January 1 2027 21.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 2.2% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.6% — — View market → January 1 2027 4% — — View market → January 1 2027 6.5% — — View market → January 1 2027 45.5% — — View market → January 1 2027 10.5% — — View market → January 1 2027 1.4% — — View market → January 1 2027 2.6% — — View market → January 1 2027 31.5% — — View market → January 1 2027 16.5% — — View market → January 1 2027 9.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 1.9% — — View market → January 1 2027 1.9% — — View market → January 1 2027 1.4% — — View market → January 1 2027 1% — — View market → January 1 2027 11.5% — — View market → January 1 2027 22.5% — — View market → January 1 2027 33.5% — — View market → January 1 2027 52.5% — — View market → January 1 2027 76% — — View market →
The Strategy chairman says the anti-spam soft fork would set a censorship precedent worse than the data problem it targets, weeks before an August signaling window.
Michael Saylor, co-founder and executive chairman of Strategy, published a 110-point essay on X on July 18 urging the Bitcoin network to reject BIP-110, the "anti-spam" soft fork proposal, in a rare foray into protocol governance.
The essay, titled "110 Reasons BIP 110 Is a Bad Idea," had drawn more than 840,000 views by Sunday afternoon. Saylor said he shares supporters' desire to protect Bitcoin but considers the proposed cure more dangerous than the condition it targets.
His central argument is that consensus rules cannot judge the purpose of valid, fee-paying transactions and should not try. Objectors can decline to use, relay, index or mine unwanted data, he wrote, and any consensus rule should address a demonstrated denial-of-service or validation risk rather than perceived intent. The essay's final entry dismissed the measure as "a Bitcoin Iatrogenic Proposal" — repurposing the BIP acronym with the medical term for harm caused by treatment — and closed: "Bitcoin does not need guardians of purity. It needs guardians of neutrality."
What BIP-110 Would DoBIP-110 is a temporary, one-year soft fork bundling seven restrictions on data-heavy transactions. It was first published as BIP-444 in October 2025, after Bitcoin Core's v30 release lifted default limits on OP_RETURN data. A BIP-110-enabled client is based on Bitcoin Knots, the node software maintained by Ocean CTO Luke Dashjr, one of the proposal's most prominent backers.
Supporters frame the debate around incentives rather than neutrality, arguing that treating arbitrary data storage as a supported use distorts fee dynamics, burdens node operators and forces monetary transactions to compete with non-financial traffic. They describe the one-year restrictions as a temporary intervention meant to refocus the network on bitcoin's use as money.
An August Showdown With Thin SupportUnder BIP-110's deployment schedule, a mandatory signaling period opens near block 961,632, expected around Aug. 7, when enforcing nodes begin rejecting blocks that fail to signal, with the rules taking effect for those nodes around Sept. 1.
Signaling blocks currently make up 0.86% of the difficulty period, far short of the 55% needed for early lock-in and never having exceeded roughly 1%, according to the proposal's public monitor. If support stayed near those levels, BIP-110 nodes would reject nearly all blocks from non-signaling miners during the mandatory window, risking a split onto a minority chain. Jason Hughes, Ocean's vice president of development and engineering, estimated node support at 7% to 15% in a guest post for Bitcoin Magazine, arguing the proposal is on track to fail.
Saylor first weighed in on July 11, replying to criticism of the proposal from Blockstream CEO Adam Back with a post arguing there are "110 things more dangerous to Bitcoin than spam." Backers of the soft fork answered the essay in kind: investor Fred Krueger posted a mirror-image rebuttal listing 110 reasons in favor.
The intervention is unusual for Saylor, whose firm is the largest corporate holder of bitcoin (BTC) with 843,775 BTC at an average cost of $75,476, per its most recent SEC filing.
1alt HD: ETF Turnaround Proves Insufficient to Trigger True Macro Bullish Turnaround for Bitcoin Traders
Bitcoin [BTC] was struggling to scale the $65k local supply zone. Since July 14, the spot Bitcoin ETF inflows have been positive. The injection of capital has not been enough to substantially elevate prices yet.
Source: CryptoQuant Crypto analyst ScenarioX noted a steady drop-off in the 30-day Bitcoin spot demand. The metric recovered to -80k BTC in early July, but has since deteriorated to -170k BTC, the analyst explained in a post on CryptoQuant Insights.
Despite decreased demand, prices have stayed relatively stable around $65k because of short-covering in the derivatives market. Easing short-term holder sell pressure was also a contributing factor.
AMBCrypto reported that the turnaround in ETF flows was not enough to confirm a bullish reversal. A reading of the short-term price structure highlighted the importance of the $67.3k local swing high.
Lack of new investors growth signals stabilization, not reversal Source: Axel Adler Jr. The Bitcoin New Investors metric remained near its yearly lows. It measures the share of capitalization concentrated among coins younger than 1 month [not moved in a month or less].
Crypto analyst Axel Adler Jr. used this metric to gauge new capital activity and short-term demand. The analyst observed a reading of 8.1, with the lower boundary at 7 and the upper at 50.
This meant an increase in new capital, but not in enough strength to point toward a BTC trend reversal.
Source: Axel Adler Jr. Further evidence of a local stabilization instead of a reversal came from the short-term holder spent output profit ratio [STH SOPR]. The metric measures the average profitability of short-term Bitcoin holders.
Its 7-day moving average was at 0.99, below the 1.0 mark that separates profitability from realized losses.
A sustained recovery in the metric above 1.0 would signal market sentiment has shifted. As things stand, the lack of significant participation from new capital and short-term holders realizing losses meant that bears were still in control.
Final Summary Bitcoin has not yet found the momentum to take prices above the $65k-$67k local supply zone. The bounce toward $65k was only a brief respite from selling, and not the beginning of a bullish recovery, the metrics showed.
Bitcoin is experiencing a very difficult month of July. Indeed, institutional investors are massively withdrawing their capital from tech stocks and the military situation in the Middle East is deteriorating. This has a direct negative impact on the crypto market, which now suffers from strong risk aversion. Such macroeconomic pressure from both sides weakens Bitcoin’s summer trend and pushes investors to reduce their investments. Today, every move in global markets can worsen Bitcoin’s correction, increase volatility, or change forecasts for the rest of the cycle.
In brief Bitcoin stalls below the key resistance of $65,000 since the beginning of July. Hedge funds are liquidating tech stocks at a record pace unmatched for 10 years. The armed conflict between the U.S. and Iran and the closure of the Strait of Hormuz keep oil above $80. Despite the summer pause, the formation of rising lows suggests a breakout towards $67,000. An institutional flight from Tech and the oil shock in the Middle East The world is currently facing a significant economic shock. Many investors have withdrawn their money from the U.S. stock markets. Also, there are serious geopolitical problems. Here are the key points that explain this difficult situation :
A significant withdrawal of investors in the technology sector : according to Goldman Sachs and The Kobeissi Letter, hedge funds are selling tech company stocks at an unprecedented pace. The Kobeissi Letter states that “hedge funds have sold tech sector stocks in six of the last eight weeks. This means the total sales during these eight weeks are the highest in at least ten years” ; The military situation and sanctions : the conflict between the U.S. and Iran makes investors less willing to take risks. President Donald Trump has asked for Iran to be added to a sanctions list originally targeting Russia ; Tensions in the energy market : crude oil prices remain above $80 per barrel, which is high, and the Strait of Hormuz remains closed. International relations are deteriorating and capital is withdrawing, which has a direct impact on volatility in Wall Street stock markets. At the reopening of markets this Monday, indices showed very different results. The Dow Jones fell by 0.3% for the day, while the S&P 500 and Nasdaq Composite managed to increase slightly. This unstable situation temporarily reduces liquidity available in all financial markets, which affects investments in the crypto sector.
Bitcoin under pressure facing the key $65,000 resistance Bitcoin’s price currently experiences some instability due to the current macroeconomic climate. Thus, it is stuck around the $65,000 level. There is an observed increase in bitcoin volatility against the U.S. dollar during the opening of Wall Street. Bitcoin has repeatedly tried to surpass this threshold without success.
Trader Daan Crypto Trades observed that the price was stuck for some time. He noted on the social network X that “the $65,000 level has prevented the price from rising throughout this July so far”. Analyst and trader Michael van de Poppe thinks the momentum slowdown is partly due to the summer seasonality effect. He described the atmosphere by stating: “it feels like the markets are on summer pause”.
This $65,000 ceiling is a true behavioral and technical barrier that freezes prices. The summer period’s typical slowdown amplifies the asset’s sensitivity to stock market shocks originating from traditional markets. Retail and institutional investors hesitate to commit new capital as long as this upper limit does not show clear signs of weakness. This relative lethargy keeps the crypto market in a narrow channel, closely watching the overall liquidity evolution and capital flows on Wall Street.
A breakout towards $67,000? Despite the psychological barrier of $65,000, Bitcoin’s underlying momentum shows encouraging signs of upward compression. The continuous formation of higher lows over the past three weeks indicates constant buying support. Daan Crypto Trades further complemented his technical analysis by stating: “but I think the longer the price stalls here, the more likely the $65,000 level is to give way. Especially with the higher lows formed over the past three weeks”. Investors are now closely watching the level just above $67,000, identified as the strategic pivot point to cross this threshold.
A push beyond $67,000 would allow the BTC/USD price to fully shift into a bullish market structure. This technical transition would invalidate the phase of doubt accumulated during this month and theoretically open the way for a rally towards $70,000. The accumulation observed despite the massive tech stock disengagement indicates that the fundamental demand for Bitcoin remains robust.
Record sales in U.S. tech and the Middle East conflict negatively impact investor sentiment. However, Bitcoin’s chart shows some resilience. If Bitcoin surpasses the $65,000 barrier, this could trigger reaching $67,000 and restart a sustainable upward trend. The upcoming sessions will be very important to see if Bitcoin can exit this summer lethargy.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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.
Binance founder Changpeng Zhao (CZ) stated that while artificial intelligence and Bitcoin are often considered together in investment markets, they fundamentally serve different functions. According to CZ, AI increases productivity, while Bitcoin is a unique asset that can be used to hedge against inflation and preserve wealth.
In a statement on his social media account, CZ said, “AI is amazing, but it can’t protect you from inflation. Bitcoin can.”
CZ stated that while artificial intelligence is a technology that increases business efficiency and overall economic productivity, Bitcoin, as a digital asset with a limited supply, offers a different value proposition.
CZ noted that the artificial intelligence sector is growing rapidly, stating that global companies are investing billions of dollars in AI infrastructure such as software, data centers, and advanced chips. He pointed out that these investments are accelerating transformation in many sectors, particularly healthcare, finance, and manufacturing.
However, CZ reminded that AI companies can issue new shares and raise capital to finance their growth. Therefore, he stated that the investment value of these companies continues to depend on their operational performance, profitability, and intense market competition.
CZ stated that Bitcoin’s total supply is limited to 21 million units, a structure that prevents the asset’s supply from being increased and investors’ share from being diluted. According to CZ, Bitcoin’s scarcity makes it stand out as a long-term store of value during periods when the purchasing power of fiat currencies declines due to inflation.
CZ had previously stated that the investment boom in the AI sector could attract some of the capital expected to flow into the Bitcoin market. He noted that with AI companies like OpenAI and Anthropic attracting more investor interest, some investors might sell other assets and allocate resources to AI-focused investments.
However, CZ believes that AI and Bitcoin should not be considered direct competitors. According to the Binance founder, while AI supports technological progress and increased productivity, Bitcoin plays a complementary role by offering a store of value unaffected by supply expansion.
*This is not investment advice.
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According to trader Josh Olszewicz, just "a small nudge" is all that stands between Bitcoin and "full breakout territory."
A look at the 6-hour BTC/USD chart reveals two distinct bullish setups working in tandem: inverse head and shoulders (iHS) and the falling wedge.
The chart clearly defines a classic trend-reversal pattern, with the left shoulder forming in June, the head bottoming out in early July near $57,800, and the right shoulder solidifying mid-month.
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Moreover, Bitcoin has broken out above the descending resistance line of a multi-week falling wedge.
The main technical target sits in a golden zone between the 1.618 Fibonacci level ($72,669) and the 2.0 Fibonacci level ($76,698).
Bitcoin is currently showing stronger relative momentum than gold. A key battleground remains the $65,000 zone, which has consistently attracted sellers on recent tests. However, the bearish response at this level is weakening. Stanley notes that this price action is setting the stage for an ascending triangle, which is a classic bullish formation.
$BTC still looking a touch more positive than Gold
65k still the spot
it's gotten sellers so far on each test but the response there has weakened with higher-lows holding so far in July
this is what leads to ascending triangles and those are bullish formations https://t.co/K8Sq5VHhAM pic.twitter.com/BFwBpfclZd
— James Stanley (@JStanleyFX) July 20, 2026 A rally to $100,000?While technical setups point to an imminent short-term breakout, Galaxy Digital CEO Mike Novogratz is looking at the macro variables required to push Bitcoin into six-figure territory.
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The billionaire investor recently stated that he expects Bitcoin to largely consolidate between $60,000 and $80,000 for the remainder of the year. However, a move toward $100,000 is entirely possible if a "perfect storm" of regulatory clarity, macroeconomic tailwinds, and renewed demand.
Strategy holds Bitcoin steady In the meantime, Michael Saylor’s Strategy maintained a neutral stance in the market last week.
The enterprise software giant neither bought nor sold any Bitcoin over the latest seven-day period. Instead, the firm focused on fortifying its balance sheet, increasing its fiat capital by $225 million.
Strategy boasts an immense corporate treasury consisting of a 3.2 billion USD reserve alongside its massive haul of 843,775 BTC.
