Track market-moving stories before they get noisy

Capital B, the Paris-listed bitcoin treasury company once known as The Blockchain Group, will combine every 10 existing shares into one new share beginning September 8, according to a regulatory filing the company published Monday.

The consolidation reduces the number of outstanding shares from 300,650,632 to 30,065,063. Each new share will carry a par value of €0.80, up from €0.08 for the existing stock. The company framed the transaction as a “purely technical exchange” that leaves the aggregate value of each shareholder’s holdings unchanged, save for the treatment of fractional entitlements.

Capital B said the move aims to “support the company’s institutional development and to open the company’s shares to a broader universe of investors.” 

Many institutional funds operate under internal rules that bar them from holding stocks below a set price, and some exchanges impose minimum-price thresholds for continued listing. A higher quoted price per share removes one barrier to that participation.

Capital B shares trade near €0.48 on Euronext Growth Paris and have declined about 40% since the start of the year, per Google Finance data. Should the company’s market value hold, each consolidated share would open near €4.80.

Key dates for Capital B shareholders The reverse split period runs from August 6 through September 7. Shareholders who hold a number of shares divisible by 10 will see their positions converted with no action required. 

Those holding leftover shares can buy or sell stock before the deadline to reach a round multiple of 10. For investors who do not, financial intermediaries will sell the shares tied to fractional entitlements and distribute the cash proceeds, with payments set to begin September 14.

September 7 marks the final trading day for the existing shares. The consolidated shares start trading the following day under a new ISIN, the code exchanges use to identify a security. The company has set September 9 as the record date and September 10 for settlement and delivery.

Capital B will also pause conversions of certain convertible bonds and exercises of share warrants from August 17 through September 10. After the split, the company will adjust conversion prices and warrant ratios to reflect the reduced share count, multiplying bond conversion prices by 10 while dividing warrant ratios and unvested free shares by 10.

Treasury strategy stays central

The share restructuring does not add bitcoin to the balance sheet or raise new capital on its own. It changes the number and nominal value of shares through a technical consolidation, a step the company tied to its goal of reaching a wider investor base.

Capital B’s bitcoin holdings Capital B holds 3,139 BTC, a figure that ranks it as the second-largest listed corporate bitcoin holder in Europe, according to BitcoinTreasuries.net. Germany’s Bitcoin Group SE sits ahead of it with 3,605 BTC, the data shows. Capital B, which describes itself as Europe’s first bitcoin treasury company, built much of that position through fundraising rounds during the first half of 2026. 

In May, it acquired 192 BTC for €13 million after completing three capital raises.

The company has moved to widen its access to capital. In June, shareholders approved authority for as much as €5 billion in capital increases and €100 billion in credit instruments, resolutions that drew more than 95% support from votes cast. Those approvals give the board financing capacity for future purchases.

Capital B measures progress through bitcoin held per fully diluted share rather than total reserves alone, a framework common among bitcoin treasury companies. The firm has also said it is developing a bitcoin-backed credit product for the European market, though it has not set a launch date.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

The Bitcoin treasury firm Strategy (MSTR) has now gone four consecutive weeks without buying any BTC.

The company announced on Monday that it had increased its US dollar reserves by $225 million over the past week, though it refrained from buying any new Bitcoin.

It’s Strategy’s second consecutive week without buying or selling any BTC after last week’s announcement that it had added $450 million to its cash reserves.

Those announcements followed a two-week period where the firm sold a total of 3,588 BTC for $216 million. The sales, which sparked headlines across the crypto sector, materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.

The company still holds 843,775 Bitcoin worth $54.9 billion at time of writing, as well as $3.2 billion in cash reserves.

Chaitanya Jain, Strategy’s head of Bitcoin product and investor strategy, says the firm’s dividend coverage now stands at 1.8 years through their USD Reserve and 31 years through their BTC Reserve.

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.

The firm’s stock, MSTR, is down nearly 38% year-to-date but up more than 3% in the past five days.

Generated Image: Midjourney

XRP has been forming a key structure on its long-term price chart, with recent price action now testing that formation. Crypto analyst Javon Marks has released a technical analysis of XRP, identifying a setup that mirrors patterns seen earlier in the asset’s history.

Repeating pattern signals breakout potentialMarks’ analysis covers XRP’s entire price history using a logarithmic scale, stretching from 2013 to a projection reaching as far as 2036. Within this timeline, Marks notes two significant triangle patterns. The first appeared between 2014 and 2017, resulting in a brief drop below support before prices reversed and moved sharply higher.

The second triangle has developed from 2018 through 2024, demonstrating nearly identical structure and behavior, including a temporary breakdown below the pattern’s lower boundary. After this false move, XRP surged over 500%, according to Marks. This parallel supports his current outlook for the asset.

XRP continues to approach another critical point, and the setup indicates that the next upward move could target $15 and above, according to Marks’ technical projections.

Mini dictionary: Javon Marks is a cryptocurrency analyst known for his technical charting and market cycle pattern analysis, frequently sharing forecasts for various digital assets, including XRP.

False breakdown patterns highlightedBoth triangle patterns in Marks’ chart are labeled “False Breakdown” at their respective lows. In the first cycle, XRP’s price briefly dropped below the triangle’s support before rebounding sharply, eventually fueling a major rally. The recently completed pattern exhibits a nearly identical move.

Since July 2025, XRP has traded inside a falling wedge formation after setting an all-time high of $3.65. A June 2026 decline brought the price close to the wedge’s bottom, which Marks and other technical experts interpret as the cycle’s low point.

With this structure in place, analysts are closely watching for a decisive move out of consolidation, anticipating that the pattern could again precede a major upward breakout.

CyclePattern TypeFalse BreakdownOutcome2014–2017TriangleYesMajor rally (500%+ rise)2018–2024TriangleYesPending, upside targeted$15 target outlinedMarks emphasizes that XRP is nearing a critical moment, setting the stage for a potential push toward a measured move target of $15 and higher. On his chart, this key level is marked as horizontal resistance, situated significantly above the present trading price.

A green trajectory on the projected chart shows a possible rally from current levels toward $15, closely following the price action observed during the last cycle’s breakout.

If XRP breaks through current resistance, the technical structure suggests that a move to $15 could be increasingly likely in line with previous cycle behavior.

Current status and technical outlookAt present, XRP is trading near $1.09, firmly within the ongoing consolidation zone identified by analysts. A sustained move above current resistance would be required for confirmation of the setup and further bullish momentum.

Marks’ approach relies on identifying repeated price behavior across distinct market cycles. The recurring structural similarities, combined with the recent false breakdown, underscore his expectation that major upside could materialize if the current chart pattern holds.

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.

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Over the past 24 hours, the XRP market has seen a significant revival, resulting in a net liquidity inflow of $743.7 million and instantly lifting the asset's daily trading volume by 61.15%, bringing the total to an impressive $1.96 billion, according to CoinGlass. XRP's price itself has remained frozen in a horizontal range near $1.1122, posting a microscopic change of 1.34%. 

However, behind this apparent calm lies preparation for potentially the strongest technical move of the summer — a return to its main long-term 200-day moving average.

XRP trading data highlighting the trading volume and open interest in 24H, Source: CoinGlassWhat the $744 million volume boost means for the price trendThe entire intrigue of the current moment revolves around whether XRP can use this multimillion-dollar impulse to stage a full comeback toward the 200-day moving average, which currently sits at $1.4202. 

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In technical analysis, this indicator is considered a key dividing line between global trends, while the chart's current compression near the blue 50-day moving average at $1.1214 makes this setup particularly compelling to watch.

XRP price action on a daily timeframe, Source: TradingViewFurther developments in the market come down to two key scenarios:

The bull case assumes that daily trading volume will remain above $1.8 billion, enabling a confident breakout above $1.1214 and a subsequent impulsive move toward the main medium-term target of $1.42. This would unlock 28% upside potential and return XRP to its 200-day moving average.The bear case is activated if buyers fail to break through the nearest barrier at $1.12. This would inevitably push daily trading volume below $1.5 billion and trigger a gradual price decline into a prolonged consolidation phase near the psychological support level of $1.00. You Might Also Like

At the same time, the market's internal structure clearly shows that fresh capital has entered the asset on a very healthy foundation and without dangerous margin overheating. The RSI indicator, at 49.06, has recorded a rare double bullish divergence at the June and July lows, confirming the complete exhaustion of sellers immediately before the daily surge in trading volume.

The strength of this foundation is further supported by $2.50 billion in open interest and an almost neutral funding rate of 0.0066%. This points to the organic accumulation of long-term positions, primarily in the spot market, and minimizes the risk of sudden forced liquidations.

Finance coach Dr. Kamilah Stevenson called on XRP holders to safeguard their assets by embracing self-custody, highlighting the risks of relying on third-party platforms for storing digital currencies. In her message, Stevenson emphasized a foundational principle within the crypto sector: controlling private keys is essential for true ownership of digital assets.

XRP holders urged to take control of private keysStevenson posted the reminder on X, encouraging the XRP community to act before potential threats compromise their holdings. She stated that those who do not personally manage their private keys do not have full control over their cryptocurrency, urging action to prevent loss or unauthorized access.

“Every XRP holder needs to hear this. If you don’t control your private keys, you don’t fully control your crypto. Take ownership before it’s too late.”

Self-custody remains a central security theme in the cryptocurrency world, as asset holders who forgo oversight of their private keys often face heightened risks during exchange failures, security breaches, or regulatory interventions. Stevenson’s appeal reflects broader debates concerning digital asset management and the responsibility of investors to secure their funds independent of external service providers.

Video amplifies claims of future XRP price and global roleThe video attached to Stevenson’s post featured Dr. Jim Willie, who described his vision for XRP’s long-term role in global financial infrastructure. Willie claimed that a group of major financial entities—including the International Monetary Fund, Depository Trust, Bank of New York Mellon, Nasdaq, SWIFT, Wall Street banks, and central banks—had allegedly predetermined an exceptionally high future valuation for XRP, positioning it as a standard for international payments.

He suggested that these organizations aimed to limit public ownership of XRP through early coordination and pointed to regulatory actions, such as the SEC’s lawsuit against Ripple, as part of measures to reduce retail participation. According to Willie, XRP could eventually be valued at $5,000 and even reach $12,000, attributing this outlook to its anticipated function as a bridge currency for global financial transfers.

These comments represent the personal views of Dr. Jim Willie and have not been substantiated by the institutions he referenced.

Mini dictionary: Bridge currency – A digital or fiat currency used as an intermediary in the exchange or transfer of value between different fiat currencies or assets, enhancing efficiency and reducing costs in cross-border payments.

Alleged Institutional InvolvementProposed RoleClaimed XRP Price RangeIMF, SWIFT, major banks, central banksStandard for international payments$5,000 – $12,000Stevenson’s post sparked further discussion within the XRP community. Redhorse, an X user and self-identified member of the community, agreed with the message but recommended institutional custody as an additional safeguard. He argued that even briefly connecting a wallet to the internet could expose it to cyberattacks, making trusted institutional storage a potentially safer option for substantial XRP holdings.

Despite these differing opinions, Stevenson maintained her focus on the principle of self-custody through control of private keys. The ongoing dialogue highlights the persistent concerns about asset security and the evolving strategies that XRP holders consider in order to protect both their investments and their privacy.

Stevenson’s post renews attention on how digital asset owners store their holdings, reinforcing the importance of security and self-management for XRP’s future in global payments.

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 is lending its institutional credibility to @Ripple's pitch for the XRP Ledger and its stablecoin, RLUSD. The asset manager recently sat down with Jack McDonald, Ripple's Senior Vice President of Stablecoins, to lay out the case for $XRP and RLUSD adoption among financial institutions.

The Institutional Case for XRPL The conversation, led by Grayscale Research's Charlie Perkins, covered Ripple's long-standing focus on building infrastructure for banks and payment providers. McDonald framed the company's mission simply: Ripple's long-term strategy has remained focused on building institutional-grade infrastructure that enables banks, payment providers, and enterprises to move value more efficiently across the globe.

Within that framework, RLUSD and $XRP serve distinct but complementary roles. RLUSD provides a regulated, US dollar-backed stablecoin for payments, treasury management, decentralized finance, and tokenized asset settlement, while XRP functions as a bridge asset that delivers instant liquidity and near-instant cross-border settlement. Ripple launched RLUSD in December 2024 under a charter from the New York State Department of Financial Services.

A Landmark Pilot with Mastercard, JPMorgan, and Ondo Finance Central to the Grayscale pitch is a May 2026 pilot that put XRPL's institutional credentials on public display. Ondo Finance announced the successful completion of the first near real-time cross-border, cross-bank redemption of a tokenized US Treasury fund, conducted in collaboration with Kinexys by J.P. Morgan, Mastercard, and Ripple.

The mechanics were straightforward but significant. Ripple redeemed part of its OUSG holding on the XRP Ledger. The redemption triggered an instruction through Mastercard's Multi-Token Network to Kinexys, which debited Ondo's blockchain deposit account at JPMorgan and wired the equivalent dollars to Ripple's bank in Singapore. The redemption cleared on XRPL in under five seconds, completing a settlement flow that typically takes correspondent banks one to three business days.

The actual settlement ran on RLUSD, with a fraction of XRP used as the network fee, because Ondo's OUSG was built to use RLUSD as the settlement asset on XRPL since June 2025. That distinction matters for institutions: RLUSD's regulatory backing and price stability make it the practical choice for large-scale compliance-sensitive transactions.

By framing this as a Grayscale-endorsed narrative, the message is aimed squarely at institutional allocators rather than retail markets. The pilot demonstrated that public blockchain infrastructure and global interbank rails can operate as a single integrated flow, a proof of concept that gives traditional finance a concrete reason to engage with XRPL.

Sources:
Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple: Official Press Release (PR Newswire)
Ripple's Enterprise-First Strategy: Jack McDonald on Mastercard and JPMorgan (CoinPaper)
Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger (CoinDesk)

A wave of institutional investment in XRP is taking shape as eight public companies have pledged almost $2 billion for dedicated XRP treasuries. Notably, leading firms are formalizing substantial commitments to XRP as an asset on their balance sheets, with full public disclosure in line with regulatory requirements. This shift echoes the path that propelled Bitcoin into corporate finance circles.

The companies and their commitmentsTrident Digital Tech Holdings, a Singapore-based technology firm listed on Nasdaq, tops the list by planning to raise $500 million for one of the largest corporate XRP treasuries to date. Webus International, active in cross-border payments, is seeking $300 million in non-equity financing to establish an XRP-backed reserve supporting its global network.

VivoPower International, a sustainable energy company, raised $121 million in private funding, allocating $100 million for XRP and staking those funds on the Flare Network. Other participants include Wellgistics Health, which secured a $50 million equity line drawn specifically for an XRP treasury; and Japan’s Gumi Inc., introducing a $17 million program split between XRP and Bitcoin.

Nature’s Miracle Holding, a supplier of agricultural products, announced a $20 million XRP treasury initiative, becoming the first U.S.-listed non-financial public company to do so. Hyperscale Data committed $10 million to XRP, while Worksport, a manufacturer in the automotive sector, allocated up to $5 million derived from its existing operational cash flow.

Mini dictionary: Flare Network – A decentralized, interoperable blockchain designed to bring smart contract functionality to various tokens and facilitate staking and bridging between blockchains.

CompanyCountrySectorXRP Treasury CommitmentTrident Digital Tech HoldingsSingaporeTechnology$500 millionWebus InternationalUndisclosedPayments$300 millionVivoPower InternationalGlobalEnergy$100 millionWellgistics HealthUndisclosedHealthcare$50 millionGumi Inc.JapanGaming/Tech$17 million (XRP & BTC)Nature’s Miracle HoldingUSAAgriculture$20 millionHyperscale DataUndisclosedData/Technology$10 millionWorksportUSAAutomotiveUp to $5 millionThe blueprint that brought Bitcoin into mainstream company treasuries is now increasingly being applied to XRP, with eight public firms announcing nearly $2 billion in in-house XRP reserves.

Strategic objectives and funding modelsUnlike speculative trading, these allocations are long-term treasury strategies embedded into the companies’ financial planning. Trident Digital and VivoPower have financed their positions with capital raised from investors, while Webus International opted for debt-based facilities. Worksport redirected surplus cash, and Hyperscale mixed direct acquisitions with DeFi-based lending mechanisms.

Soon Huat Lim, CEO of Trident Digital Tech Holdings, stated that digital assets are central to the changing global financial landscape, indicating the firm’s conviction in holding XRP for strategic purposes.

According to Soon Huat Lim, embracing digital assets within the company’s treasury is aligned with their long-term vision for global finance.

XRP follows the corporate bitcoin playbookThe trend mirrors the playbook initiated by Strategy, previously MicroStrategy—a US-based business intelligence company—in 2020, which famously allocated billions into Bitcoin. With approximately $2 billion in planned corporate XRP treasuries, institutional adoption is accelerating along similar lines.

Legal clarity around XRP’s regulatory status has improved, encouraging public companies to make significant, publicly disclosed investments. Each new treasury signals growing institutional acceptance and helps reinforce XRP’s profile as a reserve asset among listed firms.

Notably, Evernorth, a Ripple-supported digital asset treasury company, currently holds nearly 0.5% of XRP’s total token supply but is not included in the current tally of public commitments.

Mini dictionary: Evernorth – An institutional-grade digital asset treasury manager focused on helping large organizations allocate digital assets for long-term holdings, with particular expertise in XRP-based reserves.

The sustained accumulation by multiple public companies underlines structural demand for XRP and could have long-term effects on its price stability as institutions scale up their positions.

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.

The Streak No Other Altcoin Has MatchedXRP ranked 8th in 2014 with a $32 million market cap and a 0.3% share of the top 10, according to CoinGecko data.

By 2025 it had climbed to fourth with a $127.9 billion market cap and a 4.3% share, a more than 4,000x increase over 11 years.

What makes the streak stand out is what XRP survived to maintain it. Litecoin (CRYPTO: LTC) dropped out of the top 10 entirely after 2020. 

XRP endured a prolonged SEC lawsuit from 2020 to 2023 that threatened its presence on US exchanges and stayed in the top 10 throughout, sustained by institutional and cross-border payments demand that kept it relevant across every market cycle.

Why Kucuker Sees $6 As the First Real TargetAnalyst Celal Kucuker shared a monthly XRP chart on X, showing price sitting at the lower boundary of a long-term ascending channel dating back to 2017. 

The channel’s upper boundary projects to just above $6 by 2027 if the current cycle follows its historical structure.

His argument centers on the Clarity Act as the variable separating a standard recovery from an institutional-grade breakout. 

“XRP is more institutional and more American than ETH,” Kucuker wrote, arguing XRP would benefit from regulatory clarity at least as much as Ethereum (CRYPTO: ETH) given its positioning as a payments and settlement asset already embedded in traditional finance infrastructure.

What Ripple’s Institutional Partnerships ShowGrayscale’s discussion with Ripple Senior Vice President of Stablecoins Jack McDonald also covered a 2026 pilot for near real-time cross-border settlement of tokenized US Treasuries on the XRP Ledger, pointing to direct integration between traditional finance rails and blockchain infrastructure.

RLUSD adoption and XRP’s institutional use cases were framed constructively, though the token barely reacted to the news at current prices.

Photo via Shutterstock

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XRP is trading near $1.08 on its monthly chart, but cryptocurrency analyst and investor Celal Kucuker has outlined a technical setup that suggests the token may target $6.02 in the next significant upward move. Kucuker’s analysis points to the formation of a structural pattern that could drive XRP to new all-time highs if key levels hold and regulatory developments align.

Long-term price pattern signals potentialAfter the digital asset peaked in early 2018, XRP entered a prolonged symmetrical triangle pattern on the monthly chart. This technical structure compressed the price between a descending upper boundary and a rising lower boundary for years, building up momentum for a potential breakout.

The eventual breakout from this triangle, which took place in late 2024, propelled XRP above $3 and ultimately to a record high of $3.65 in July 2025. Despite reaching this milestone, XRP was unable to sustain the gains and quickly retraced, marking the high as unstable on the chart.

Technically, Ripple’s first real all-time high target is just above $6. If the CLARITY Act passes, $XRP could benefit just as much as Ethereum, and that would make XRP one of the strongest bull market contenders. XRP is more institutional and more American than $ETH, according to Celal Kucuker.

Current trend and key support zoneFollowing the triangle breakout, XRP began trading within an ascending channel, with the lower boundary of the channel providing critical support near its present price level. Kucuker expects XRP to retest this support before potentially advancing toward the $6.02 target.

His chart marks major price points with labels such as Break of Structure and Change of Character, highlighting pivotal moments during market rallies. The most recent bullish signal was registered during the sharp upward movement in 2024. This channel now frames XRP’s current trading range, with the lower support zone considered crucial to maintaining the bullish outlook.

EventDateXRP PricePattern/LevelAll-time highJuly 2025$3.65Symmetrical triangle breakoutCurrent supportJuly 2026$1.08Ascending channel lower boundaryProjected targetNot specified$6.02All-time high targetThe potential regulatory catalyst: CLARITY ActAlongside technical factors, Kucuker identified regulatory developments as a possible tailwind for XRP. He drew particular attention to the CLARITY Act, a legislative proposal currently awaiting a Senate vote in 2026, indicating that its approval could allow XRP to benefit on par with Ethereum. He also noted that XRP has a distinct institutional profile and strong connections to the US financial system.

Mini dictionary: CLARITY Act, a proposed US legislative measure focused on defining regulatory guidelines for digital assets, aiming to provide legal clarity for cryptocurrencies and their classifications.

What to watch for XRP’s breakout scenarioThe durability of the ascending channel’s lower boundary is seen as pivotal for XRP’s trajectory. A firm hold at this support keeps Kucuker’s $6.02 price target in view and validates the bullish technical structure.

Years of sideways trading in the symmetrical triangle have given way to a defined channel, and chart signals such as confirmed structure breakouts continue to support the bullish case. Both technical and potential regulatory factors are converging on the same direction for XRP, contingent on ongoing support.

The breakout from the multi-year pattern placed XRP into a structure that now signals an attempt at new all-time highs. With current support near $1.08 and the possible boost from the CLARITY Act, this setup could prove critical for the cryptocurrency’s next move.

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

A prominent crypto analyst, known as Cheeky Crypto, has highlighted a marked shift in XRP’s market environment, citing data that points to significant withdrawals from centralized exchanges and increased accumulation by large holders, often referred to as whales. The analyst, recognized for his digital asset coverage and educational content, moved to an unscripted, walking commentary format to discuss what he considers to be early signals of a potential XRP supply squeeze.

XRP reserves decline sharply on major exchangesCheeky Crypto’s analysis centers on the decreasing supply of XRP available on leading cryptocurrency exchanges, combined with a year of lackluster price action. His data shows that Binance’s XRP reserves have fallen to roughly 2.21 billion tokens, a figure not seen since February, with withdrawals now surpassing new deposits.

He explained that this reserve figure mostly represents assets held by users rather than coins Binance actively sells as inventory. Nonetheless, the trend of users moving XRP off exchanges suggests a collective shift toward private storage.

The Bybit platform, another major trading venue for XRP, is reportedly displaying a similar pattern, with outflows exceeding inflows. Meanwhile, Coinbase has experienced the most notable shift. According to the analyst, XRP withdrawals on Coinbase are currently about 2.3 times faster than on other exchanges, following a substantial 90% decline in XRP reserves at the platform during late 2025.

Cheeky Crypto calculates that whale wallets have accumulated roughly $4.6 billion worth of XRP from exchanges over the past twelve months. This trend suggests that large holders are consolidating their positions in long-term, off-exchange storage.

Mini dictionary: Whale wallets refer to crypto accounts holding a large quantity of digital assets, often able to influence market prices through substantial trades or transfers.

ExchangeXRP Reserve TrendCurrent StatusBinanceDeclining2.21 billion XRP (lowest since February)BybitDecliningNet outflows exceed inflowsCoinbaseRapid declineWithdrawals 2.3x faster than peersDemand yet to follow as sentiment coolsThis tightening supply issue is unfolding during a difficult period for XRP holders. After climbing to approximately $3.66 in July 2025, XRP’s price retreated and has since moved sideways, hovering near the $1 mark. According to Cheeky Crypto, retail sentiment has cooled significantly, with many traders abandoning hopes for a sustained rally.

Retail investors are discouraged, capitulation is settling in, and the market is mostly trying to maintain support close to one dollar. Despite this, the mechanics enabling a potential supply squeeze have persisted since late 2024.

While supply on exchanges has thinned, the catalyst for a sharp price movement—a revival of institutional or retail demand—has not yet materialized. The analyst noted that the overall on-chain and exchange activity remains largely unchanged, even as underlying supply dynamics become more favorable to a possible supply shock scenario.

Should fresh demand emerge, Cheeky Crypto predicts that any initial price increase might face skepticism, potentially leading to short liquidations and a rapid upward move as short sellers are forced to buy back in. This could produce what he describes as a “flywheel effect,” where rising prices generate further buying interest and volatility.

He also pointed out that current data from key Asian exchanges, which serve as important trading hubs for XRP, was not available, meaning the complete picture may be broader than current figures suggest.

Despite the speculative potential, he cautioned that this market structure does not guarantee an imminent surge. For participants looking beyond short-term price swings, the persistent reduction in exchange-held XRP remains a signal to watch, particularly if accompanied by renewed market activity.

The trend of declining exchange reserves alone cannot trigger a rally without strong new demand. Investors should focus on broader market mechanics, watching for volume changes, withdrawals, and shifting sentiment as potential catalysts.

Storage strategies and risk awarenessCheeky Crypto also highlighted operational risk, advising users to diversify holdings across platforms and utilize cold storage to reduce the danger of losing funds in the event of exchange failures. He advocated for a redundancy strategy, distributing assets to minimize single-point vulnerabilities during volatile markets.

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

Veteran analyst Peter Brandt, recognized for his decades of experience in classical chart analysis, has shifted his focus to the altcoin markets, with particular attention on XRP. Brandt’s technical assessments are closely followed by both professional traders and retail investors in the cryptocurrency sector.

Brandt signals altcoin season driven by chart patternsBrandt publicly discussed his view on the current state of the market, highlighting opportunities he sees in major altcoins such as Ethereum (ETH) and XRP. He compared these assets to Bitcoin, closely monitoring their relative performance charts. According to Brandt, the charts present indications of a potential bottom for these altcoins when measured against Bitcoin’s strength.

He commented that, based on these signals, it is possible the market could enter an “altcoin season” that extends throughout the summer. Brandt’s remarks, amplified by crypto commentator Digital Asset Investor, have drawn notable attention from the broader trading community.

Brandt identified key signs in ETH/BTC and XRP/BTC charts that suggest fundamental setup conditions for an altcoin rally. He explained, “we could see an altcoin season that might last through the summer.”

Digital Asset Investor interpreted Brandt’s comments as supporting the possibility for XRP to appreciate by at least 30% to 40% in coming months. Brandt’s analysis is grounded in traditional technical patterns that historically precede outperformance by altcoins relative to Bitcoin.

XRP’s position and BTC pairing in focusXRP, the native token of the Ripple network, has remained prominent in the digital asset industry despite a prolonged period of regulatory scrutiny. With much of the uncertainty resolved, markets are once again focusing on XRP’s price outlook.

The XRP/BTC ratio is regarded by analysts as a critical indicator of shifting momentum between Bitcoin and altcoin sectors. Brandt’s deliberate attention to XRP’s price movement relative to Bitcoin adds an extra dimension to his outlook, emphasizing capital rotation within the cryptocurrency market.

Brandt offered a technical perspective based not solely on dollar value, but on XRP performance against Bitcoin, highlighting signals of a trend reversal. According to his assessment, this creates an environment where XRP may benefit substantially if altcoin season unfolds as expected.

Implications for traders and investorsBrandt’s reputation for impartial, chart-driven analysis lends weight to his recently shared perspective. While he has previously disagreed with portions of the XRP community, his latest evaluation highlights a potentially favorable setup for XRP and the broader altcoin market that cannot be ignored by market participants.

If Brandt’s forecast materializes, a sustained period of altcoin strength through the summer could offer significant opportunities for investors holding XRP and similar assets. He referenced chart conditions that historically precede strong upside moves, with expectations centered on a 30-40% rally for XRP if the trend continues.

Traders closely tracking the XRP/BTC chart are now monitoring for confirmation of Brandt’s signals as summer trading unfolds.

Mini dictionary: Peter Brandt is a veteran commodities and crypto market analyst known for his expertise in classical technical analysis. His published chart studies and market commentaries are highly regarded within both the legacy trading and digital asset communities.

AssetExpected MovePeriodXRP30-40% upsideSummer 2026ETHSimilar potential (implied)Summer 2026Disclaimer: 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.

Senator Mark Warner of Virginia has expressed mounting frustration over the stalled negotiations surrounding the CLARITY Act in the United States Senate, as debate over ethics rules and crypto oversight intensifies. Warner, who serves as a senior member of the Democratic caucus, made his position clear in a recent Senate Finance Committee hearing, emphasizing that while he wants the legislation to pass, it must be enacted correctly.

Warner’s stance on crypto regulationDuring a session on July 16, with Francis Brooke under consideration for Deputy Secretary of the Treasury, Warner addressed the ongoing debate about the CLARITY Act. He stated his exasperation with the prolonged negotiations, citing a desire for the U.S. to take a global lead in digital assets, but highlighted the need for caution due to significant potential risks if the legislation is poorly drafted.

Warner’s outlook reflects a broader concern among lawmakers about striking the right balance in crypto regulation. The Senator acknowledged that while he supports the advancement of digital asset innovation, there is too much at stake for rushed policymaking. As regulatory clarity remains elusive, many market participants and policymakers are watching his stance for signals on the bill’s prospects. This cautious approach is particularly important to investors who require real-time information and effective market tracking, driving demand for platforms like CryptoAppsy. CryptoAppsy integrates investment tracking with real-time pricing, detailed charting, and macroeconomic analytics, enabling users to monitor legislative developments, spot newly listed altcoins, and set price alerts tailored to their portfolios.

Warner remarked that he is “tired of being in crypto hell” and reiterated his commitment to ensuring America leads in digital assets, but only if the process is handled responsibly, as the consequences of mistakes could be “huge.”

His remarks underscore a willingness to negotiate but also a determination not to approve the law at any cost.

Importance of bipartisan support and ethics debateThe CLARITY Act requires at least 60 votes to pass the Senate. With Republicans in the majority, Democratic votes are crucial for the bill’s advancement. Warner’s support is viewed as pivotal, as it could influence fellow Democrats and reshape the negotiation landscape. However, most Democrats have withheld backing the bill, citing insufficient ethics provisions.

Democratic senators are calling for enforceable rules to prohibit the president, members of Congress, and their families from holding or financially benefiting from crypto assets while in office. The current draft of the bill reportedly does not address these demands, leading to a continued impasse as chances of passage this year have diminished.

Democratic leaders maintain that without stronger safeguards to prevent conflicts of interest among top officials, they cannot endorse the legislation in its current form.

Lawmakers are under increasing pressure to reach a compromise as the legislative window narrows.

Focus turns to Trump’s crypto holdingsThe ethics dispute is closely linked to disclosures about President Donald Trump’s digital asset income. According to recent filings from the Office of Government Ethics, Trump reported approximately $1.4 billion in crypto-related income in 2025. This revelation has intensified calls from Democrats for stricter ethics regulations within the CLARITY Act framework.

The White House has rejected Democratic conditions requiring more transparency and prohibitions on presidential crypto dealings. In response, Senator Elizabeth Warren set a deadline of July 23 for Trump to voluntarily disclose his digital asset earnings for the first half of 2026.

The lack of consensus has resulted in a legislative logjam that both parties acknowledge but have yet to resolve.

Deadline approaches as Senate recess nearsThe Senate recesses on August 11, leaving little time for lawmakers to move the bill forward. If the CLARITY Act does not pass before the recess, its prospects are expected to diminish significantly. Warner’s public comments indicate he remains open to supporting the bill, provided a deal on ethics can be reached in time. However, there is currently no agreement that satisfies both parties’ demands.

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.

Ethereum co-founder Vitalik Buterin has continued to discuss the rapid evolution of Artificial Intelligence (AI), arguing that the technology is steadily outperforming humans even in ways that many people do not think.

According to Buterin, people have long compared the capabilities of humans and AI using a single measure, such as intelligence or economic productivity. 

However, he believes that this single measure of comparison is misleading, suggesting that people are comparing AI to humans in the wrong way.

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Buterin discusses human vs AI capabilities In his latest assertions, Vitalik Buterin has suggested that both humans and AI should be viewed as possessing a broad range of capabilities.

These range from physical tasks like walking and doing things with their hands to cognitive skills such as strategic thinking, emotional intelligence, and mental math.

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To further support his claims, Buterin referenced the year 1500, when machines could only outperform humans in a few specialized tasks. 

He cited watermills and windmills as examples, noting that they were far better than people at utilizing natural energy, but humans remained superior across almost every other area.

Buterin says AI is expanding Nonetheless, the Ethereum founder mentioned that today's AI systems are following a similar pattern but on a much larger scale. He believes that they are surpassing humans even in ways that go beyond what we currently think.

Buterin explained that AI is gradually expanding into more domains rather than replacing humans overnight, as it is surpassing people in one capability after another as the technology improves.

As such, Buterin thinks that the evolution of AI should be measured by the growing number of tasks it can perform well, rather than by asking whether it has become "smarter" than humans overall.

Altcoins

20 July 2026 | 19:07 Ethereum is approaching a technically important area after recovering to approximately $1,885 on July 20. The price has moved back above 0.382 Fibonacci resistance level while continuing to trade within the rising channel formed during its rebound from the late-June lows.

The setup remains constructive, but the breakout has not yet been fully confirmed. ETH must hold above the reclaimed level and successfully retest it as support before the move can be treated as a stronger change in market structure.

The $2,000 Area Is the Next Major Test The chart shows ETH respecting a series of higher lows inside an ascending channel. The latest recovery pushed the price through the 0.382 Fibonacci barrier near $1,870 that had limited the previous advance, keeping the short-term bullish structure intact for now.

Daily Ethereum technical price chart. The next major resistance sits close to 0.5 Fib level near $2,000, where the 200-day simple moving average and a horizontal technical level converge. That combination could create stronger selling pressure than the resistance Ethereum has just challenged.

A sustained move above the current Fibonacci level would leave the upper part of the rising channel and the $2,000 region as the next targets. A breakout followed by a successful retest would provide stronger confirmation that buyers are maintaining control rather than producing another brief move above resistance.

The bullish interpretation would weaken if ETH falls below the lower boundary of the channel. In that scenario, the horizontal area around $1,800 would become the next visible support to monitor. Losing both the channel and that level would return the price to the wider consolidation range below.

ETF Flows Turn Positive After Eight Red Weeks The technical recovery is developing alongside an improvement in Ethereum spot ETF flows. The funds recorded $84.42 million in net inflows during the week ending July 10, followed by another $105.44 million in the week ending July 17, per SoSoValue data.

That represents two consecutive positive weeks and approximately $189.86 million in combined inflows after eight straight weeks in the red.

The reversal does not yet establish a long-term institutional accumulation trend, but it removes one source of persistent selling pressure that had accompanied Ethereum’s earlier decline. A third positive week would make the change in direction more convincing, particularly if ETH continues advancing toward the 200-day moving average.

Validator Exit Wait Falls to Zero Ethereum’s validator queue shows an even sharper imbalance according to Validatorqueue data. The exit waiting time reached effectively zero days, with only 32 ETH shown in the exit queue and an estimated wait of approximately one minute.

At the same time, the entry queue contained roughly 2.47 million ETH, producing an estimated waiting period of 42 days and 19 hours. The one-year queue chart shows entry delays remaining above 40 days while the exit wait returned to zero around July 19.

This suggests that substantially more ETH is waiting to enter the validator set than leave it. However, a zero-day exit queue does not mean withdrawn ETH becomes available immediately. The data also showed a separate sweep delay of approximately 7.7 days before exited funds could be processed fully.

The queue imbalance supports the view that demand for Ethereum staking remains strong, but it should not be treated as a direct price signal. Validator deposits can reflect long-term yield strategies and institutional staking operations rather than immediate spot-market buying.

The Bullish Structure Still Needs Confirmation Ethereum currently has three supportive developments working together: a rising technical structure, two consecutive weeks of ETF inflows and almost no validator exit backlog.

The decisive test remains near $2,000. Holding above the recently reclaimed Fibonacci level near $1,870 and the rising channel would keep that resistance in play. A rejection followed by a break below the channel would shift attention back toward $1,800 and show that the latest breakout attempt lacked enough demand to continue.

For now, the structure remains bullish, but the market still needs to confirm that the move above resistance can survive a retest.

This article is provided for informational purposes only and does not constitute financial or investment advice.

Author

Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.

Ethereum price today: $1,900BitMine slowed its weekly Ethereum accumulation to 7,430 ETH after spending $85 million to repurchase 5.5 million BMNR shares.ETH ETFs recorded $105.4 million in net inflows last week, marking a second consecutive week of positive flows.ETH is retesting the $1,900 resistance ahead of a stronger cap at the 100-day EMA.Ethereum (ETH) is hovering near $1,900 following a drop in accumulation by BitMine Immersion Technologies (BMNR) in favor of $85 million worth of share buybacks and continued recovery in ETH exchange-traded funds (ETFs).

BitMine reduces ETH buying paceEthereum treasury firm BitMine scooped up 7,430 ETH last week, marking its lowest weekly acquisition since pivoting to a crypto treasury model.

The latest purchase has pushed BitMine's holdings of the top altcoin to 5.777 million ETH worth $10.86 billion at the time of publication. According to BitMine, that represents 4.8% of the entire ETH circulating supply and leaves it only 0.2% short of its initial goal of acquiring 5% of the top altcoin's supply.

The reduced buying pressure aligns with the company's previous statement that it will slow its pace of ETH accumulation as it approaches the 5% mark.

Instead, it has shifted capital toward stock buybacks. Last week, the Las Vegas-based firm spent roughly $85.88 million to repurchase roughly 5.5 million shares of its common stock at an average price of $15.61. The company said it executed the buyback under its already authorized $4 billion share repurchase program.

"We view the purchase of our common shares as accretive to shareholder value," said BitMine Chairman Thomas Lee in a Monday statement.

BitMine reiterated that it has staked 4.917 million ETH (about 85% of its holdings) via its “institutional-grade” staking platform, Made in America Validator Network (MAVAN). The tokens are projected to earn $247 million in annualized staking revenue.

The company also reported holdings of 207 Bitcoin (BTC), a $180 million stake in Beast Industries, a $58 million stake in Worldcoin (WLD) treasury, Eightco Holdings (ORBS) and total cash and marketable securities of $385 million.

ETH ETFs continue recovery, but inflows remain weakMeanwhile, US spot ETH exchange-traded funds (ETFs) continued their recovery with $105.4 million in net inflows last week, per SoSoValue data. The move marks a second consecutive week of positive flows after eight straight weeks of outflows.

A majority of the recent flows are dominated by iShares Ethereum Trust (ETHA), which attracted $135.31 million last week. Most of the other funds did not record any activity, while some posted net outflows.

Despite that, the funds remain deeply in negative territory, as recent flows remain low relative to the intense outflows over the past six months.

Ethereum Price Forecast: ETH retests $1,909 resistance, ahead of 100-day EMA capEthereum has recorded $73 million in liquidations over the past 24 hours, led by $37.71 million in liquidated long positions, according to Coinglass data.

On the daily chart, ETH is holding a constructive near-term bias after reclaiming the short-term trend filters. Price stands above the 20 and 50-day Exponential Moving Averages (EMAs) at $1,810 and $1,818, suggesting buyers are regaining control despite the 100-day EMA cap near $1,940.

Momentum supports this constructive tone, with the 14-day Relative Strength Index (RSI) hovering near 62 and the Stochastic around 80, indicating firm bullish pressure but edging into overbought territory, which could slow the advance as ETH approaches overhead levels.

ETH/USDT daily chartOn the topside, ETH is testing the immediate resistance at the nearby horizontal barrier around $1,909, followed by the 100-day EMA, which capped the price rise last week. A daily close above these would open the way toward $2,018 and $2,107, with higher bullish extension levels at $2,211 and $2,388.

On the downside, initial support aligns with the recent floor at $1,854, reinforced by the underlying 20- and 50-day EMAs clustered just above $1,810. A deeper pullback could see bids emerging at $1,741. A failure there would expose more distant supports near $1,524 and $1,404.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Top Ethereum treasury company Bitmine said Monday its Ether holdings had reached 5.78 million tokens, representing about 4.8% of Ethereum’s circulating supply, as the company closed in on its stated goal of accumulating 5% of all ETH.

According to Monday’s announcement, the company added 7,430 ETH (ETH) over the past week. About 4.9 million ETH, or roughly 85% of its treasury, is currently staked through its validator network and partners.

Bitmine valued its crypto, cash and marketable securities at $11.5 billion, including 207 Bitcoin and $385 million in cash and securities. The company also repurchased 5.5 million shares during the week under its previously authorized $4 billion buyback program.

Earlier this month, BitMine said its institutional staking platform, MAVAN, generated $45.7 million in staking and validation revenue during the three-month period ended May 31, accounting for 98% of the company’s total revenue.

BitMine shares were up more than 6% in Monday afternoon trading, bringing their one-month gain to around 3.3%.

Source: Yahoo Finance

Ethereum gains momentum, Strategy builds cashThe announcement comes after the world’s largest corporate Bitcoin holder Strategy paused Bitcoin (BTC) purchases for a second straight week, instead raising capital through stock sales and growing its cash reserve to more than $3.2 billion.

Ethereum (ETH) has also outperformed Bitcoin over both the past week and month. It has gained about 6.7% over the past seven days and 10% over the past month, compared with gains of roughly 5.8% and 2.6%, respectively, for Bitcoin (BTC), according to CoinGecko data at the time of writing.

Source: CoinGecko

Robinhood Chain fuels optimism around EthereumEarlier this month, Robinhood launched Robinhood Chain, an Ethereum layer-2 network built on Arbitrum for tokenized stocks.

During its first two weeks, the blockchain attracted more than $141 million in bridged Ether and reignited debate over whether institutional adoption of Ethereum’s scaling networks ultimately drives demand for ETH.

Max Shannon, senior research analyst at Bitwise, told Cointelegraph Robinhood Chain reflects the “growth of the Ethereum ecosystem,” particularly among traditional financial institutions. 

Whether that institutional growth ultimately strengthens ETH remains an open question. ARK Invest’s Lorenzo Valente argued Robinhood Chain supports the bullish case for ETH as the ecosystem’s monetary asset, but weakens the investment thesis that Ethereum derives significant value from layer-2 fee revenue.

Bernstein analysts on Monday raised their price target on Robinhood, to $160 from $130 per share, based on their investment thesis that the online brokerage’s next phase of growth will be driven by tokenized equities and prediction markets rather than traditional crypto trading.

The firm highlighted Robinhood Chain as its proprietary infrastructure for tokenized real-world assets, enabling the platform to build on-chain financial products without relying on third-party blockchains.

The price of ETH has climbed about 20% from roughly $1,582 on July 1, when the chain launched, to around $1,900 at the time of writing.

Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Bitcoin and Ethereum funds pulled in a combined $181 million over the same week as HYPE's nine-week inflow streak broke.

Spot Hyperliquid (HYPE) exchange-traded products recorded their first weekly outflow since launching in May, according to CoinShares' weekly Digital Asset Fund Flows report.

The products shed $7.26 million in the week ending July 17, ending a run of nine consecutive weeks of inflows.

The withdrawal trimmed cumulative net inflows to $301.34 million from $308.6 million. Net assets under management fell 12.7% to $306.03 million, a steeper drop than the cash outflow alone would imply, reflecting mark-to-market losses as the token's price declined over the week.

Majors Draw Inflows The week's outflow set Hyperliquid apart from the largest digital asset funds, which moved in the opposite direction over the same period.

Bitcoin (BTC) funds drew $75.67 million, a second straight positive week following eight consecutive weeks of outflows, per CoinShares. Ether (ETH) products added $105.44 million, XRP funds gained $6.78 million, and Solana (SOL) products collected close to $1 million.

Combined, the four leading fund groups pulled in more than $188 million for the week, indicating capital was rotating toward established names rather than exiting digital asset products broadly.

The fund outflow coincided with a decline in the token itself. HYPE fell more than 8% over the week, the largest drop among the top 10 cryptocurrencies by market capitalization, according to CoinGecko data. The token briefly slipped below $60 before recovering to the low-$60s.

Benjamin Cowen, a well-known analyst in the cryptocurrency market, evaluated the current state of Ethereum (ETH) and the possible scenarios it could follow for the remainder of the year in his new analysis video.

Cowen, noting historical cycles and macroeconomic data for Ethereum, which is trading around $1,900, warned investors that a new “window of weakness” could open in August and September following the temporary relief seen in July.

Cowen noted that, given the “midterm election years” in the US political and economic cycles, July has historically been a positive month for cryptocurrency markets.

However, looking at data from previous years, he pointed out that these increases in July were followed by sharp corrections in August and September.

“July has historically been a good month for crypto. However, looking at years like 2018 and 2022, we see that the rallies in July, following the declines in May and June, were reversed in August and September.”

Analysts comparing Ethereum’s past performance argued that the market is facing two different scenarios:

While Bitcoin is in a sideways/support-seeking phase, Ethereum and altcoins have completely lost support and fallen to their lowest levels (with drops of up to 80%).

Ethereum has proven more resilient than Bitcoin, forming a “higher low”.

Cowen stated that he doesn’t expect the current situation to bring about a catastrophic 80% drop, but a correction slightly deeper than in 2022 is possible due to social apathy and low participation. He predicted that in a potential pullback, Ethereum could experience a correction of around 40% from the approximately $1,800-$2,000 range, potentially refreshing its lows.

Cowen noted that the rate of social engagement in the market is quite low, stating that investor interest is close to 2018 levels (social risk score 0.25). He added that the expectation of a possible interest rate hike towards the fall (September-October), or the fear it creates, could trigger one last wave of selling in altcoins, which are risky assets.

Benjamin Cowen argued that the real critical test for Ethereum will occur between August and October. He stated that if Ethereum still holds the $1,800 level in September or October, confidence in the market will increase, but caution is advised until then. He added that a sustained bull momentum could be delayed until next year.

*This is not investment advice.

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Ethereum’s staking ratio has reached an unprecedented 33.9%, according to data from Token Terminal. This milestone indicates that approximately one-third of all ETH is now locked in staking contracts, reflecting increased confidence in the network’s security and potential future value. The rise in staking comes amid record-low exchange balances of liquid ETH, as institutional investors continue to channel funds into staked-ETH ETFs, such as those offered by BlackRock. With roughly 40.9 million ETH staked and valued near $74.5 billion, this development suggests a notable shift in Ethereum’s market dynamics.

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Key Takeaways The new all-time high in Ethereum’s staking ratio suggests increased confidence in the network’s future potential. The substantial amount of ETH staked indicates a supply squeeze on liquid ETH, which could impact market liquidity. Current market pricing appears to reflect cautious optimism about Ethereum’s long-term value, with some scenarios supportive of a significant price increase. What to Watch Watch for further movements in institutional capital flows into staked-ETH ETFs, as these could indicate growing investor confidence. Additionally, developments such as Ethereum Improvement Proposals (EIPs) or regulatory changes could further influence Ethereum’s market dynamics. Market participants will likely keep a close eye on any announcements from key figures like Vitalik Buterin or major financial institutions that could impact Ethereum’s future price trajectory.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31, 2026 1.9% — — View market → December 31, 2026 2.4% — — View market → December 31, 2026 2.8% — — View market → December 31, 2026 3.2% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 9.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 2.9% — — View market → January 1 2027 3.6% — — View market → January 1 2027 7.5% — — View market → January 1 2027 45.6% — — View market → January 1 2027 7.5% — — View market → January 1 2027 2.6% — — View market → January 1 2027 30.5% — — View market → January 1 2027 25.5% — — View market → January 1 2027 17.5% — — View market → January 1 2027 82.5% — — View market →

An Ethereum wallet that had remained inactive since the network's pre-mine era has suddenly come back to life after more than a decade.

According to blockchain tracker Whale Alert, a dormant pre-mine address holding 2,000 ETH, worth approximately $3.79 million at current prices, was activated after 11 years of inactivity. 

The stash was worth just $620 when the wallet was first funded in 2015.

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Other recent activations The latest activation follows a string of similar events involving early Ethereum addresses.

In late April, a pre-mine wallet holding 10,000 ETH (worth nearly $22.9 million at the time) was reactivated after 10.8 years of dormancy. 

May then saw several more early wallets spring back to life, including addresses containing 2,000 ETH, 790 ETH, and 400 ETH, all inactive since Ethereum's launch period.

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Earlier in the year, Whale Alert also detected dormant pre-mine wallets holding 401 ETH in March and 99 ETH in February becoming active after more than a decade.

Notably, no dormant Ethereum pre-mine wallet activations were reported in June, making July's latest awakening the first such event in weeks.

The trend has not been limited to Ethereum. Earlier this year, Whale Alert also tracked the reactivation of two ancient Bitcoin wallets containing 2,100 BTC and 500 BTC, which had remained untouched for more than 13 and 12 years, respectively.

Bitmine continues accumulationIn the meantime, institutional buyers continue accumulating the asset.

According to Onchain Lens, Bitmine purchased 7,430 ETH over the past week, increasing its total holdings to 5.78 million ETH. 

The company reportedly has 4.91 million ETH staked, with its Ethereum treasury valued at roughly $10.9 billion, while total crypto, cash, and other holdings stand at $11.5 billion.

At the time of writing, Ethereum is trading at approximately $1,900 per ETH. 

Dogecoin price hovered near $0.072 on Monday after posting a modest weekly gain.

The broader cryptocurrency market remained largely steady, with Bitcoin price holding above $64,000. 

Ethereum price was over $1,870, whereas XRP remained under the significant mark of $1.10. Whale buying amounting to 200 million DOGE was a bullish activity. Open interest also increased 3.74% to reach 1.08 billion, reinforcing anticipations of a potential breakout.

Dogecoin Whales Add 200 Million DOGE Through Robinhood Dogecoin whales bought 200 million more DOGE via Robinhood, bringing new focus to the meme coin market. 

Dogecoin whales purchased another 200 million $DOGE on Robinhood.

Valued at $14M. pic.twitter.com/KSrGfPWiGC

— dogegod (@_dogegod_) July 19, 2026

Large holders were busy again as the acquisition was worth close to $14 million. Whale accretion tends to draw traders as large-scale buying can affect sentiment and liquidity forecasts in the short term.

Derivatives Volume Jumps as Open Interest Reaches $1.08 Billion Derivatives data also indicated that there were more Dogecoin-linked contracts that were participated in the most recent session. The level of trading surged 114% to about $739.56 million, indicating a sudden rise in speculation. 

Source: Coinglass data The open interest increased by 3.74% to $1.08 billion, which indicated that more capital was still held on active positions. Increased volume and open interest could favor volatility as traders anticipate a potential change in price.

Analyst Predicts Dogecoin Price Surge Toward $3.25 After Breakout A crypto analyst has identified a large double-bottom pattern on Dogecoin’s weekly price chart. The formation has two big lows and then rebounds towards a common neckline resistance point.

The analyst believes a breakout above the neckline would support the long-term bullish view of Dogecoin. The movement recorded in the chart implies that the market could have a price target of about $3.25 in an extended market run.

X The market conditions typically indicate a weakening of selling pressure when they occur following a long-run downward trend. Nevertheless, Dogecoin will have to overcome local resistance and stay on a solid purchasing momentum.

The estimated target is hypothetical until the price proves the pattern by a decisive breakout on a weekly basis. Broader crypto market conditions could also influence Dogecoin’s ability to continue higher.

Dogecoin Price Eyes $0.08 as Buying Pressure Strengthens The DOGE price traded at $0.07212 on Monday, declining 1.07% during the latest four-hour session. Dogecoin price stayed above the major support of $0.070 amid the persistent pressure at $0.075.

The MACD line was negative 0.00017, a little higher than the negative 0.00020 signal line. Its histogram became slightly positive at 0.00003, indicating that bearish momentum was losing strength.

Meanwhile, the Chaikin Money Flow increased to 0.28, which indicated stronger capital inflows. This reading implies that buyers were still piling DOGE in spite of little price action.

Source: DOGE/USDT 4-hour chat: Tradingview A breakout above $0.075 decisively could have a recovery to $0.080 as per the full Bitcoin forecast report. Further buying pressure may place the $0.085 resistance level within reach. But a failure at $0.070 would precipitate a return to selling at $0.068.

Bitcoin climbed beyond the $65,000 mark on Monday after Senator Cynthia Lummis announced the CLARITY Act had cleared committee and advanced to the full Senate floor, marking a key step toward U.S. crypto market structure legislation.

Notable Statistics Coinglass data shows 79,479 traders were liquidated in the past 24 hours for $245.39 million.        SoSoValue data shows net inflows of $132.3 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $36.7 million. In the past 24 hours, top gainers include Pump.fun, Virtuals Protocol and Pi. Notable DevelopmentsTrader NotesTrader KillaXBT noted Bitcoin is testing a key low-timeframe resistance after breaking above recent highs ahead of the new weekly open.

A rejection at current levels could signal a red week and reduce the chances of a move to sweep the $67,000 highs, making this area critical for maintaining bullish momentum.

Michael van de Poppe expects Bitcoin to rally toward the $80,000–$85,000 range over the next two to three months. He argued that the move would align with the 50-week moving average, which has historically acted as resistance during the first major rally after a bear market ends.

Trader and investor Virtual Bacon says the CLARITY Act’s House approval shifts the focus to a Senate floor vote before the August recess.

While its passage would be a major long-term catalyst for altcoins by enabling exchange products and new market narratives, they argue it won’t trigger an immediate rally, with Bitcoin needing to confirm the next bull market first.

Image: Shutterstock

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Jul 20, 2026, 2:31 p.m.

4 min read

Cardano hard fork marks first upgrade approved without Input Output in charge (Danny Nelson/CoinDesk)Summary

Cardano’s Van Rossem hard fork activated on July 18, moving the network to protocol version 11 and lowering smart contract execution costs while preparing for a future scalability upgrade.The upgrade is the first in Cardano’s history to be proposed, debated and ratified entirely through its onchain governance system, rather than by founding developer Input Output, marking a shift in who controls protocol changes.While everyday ADA transactions remain unchanged for now, the fork enables cheaper, more capable smart contracts and lays procedural and technical groundwork for the planned Ouroboros Leios scaling upgrade expected in 2026.Cardano activated its Van Rossem hard fork on Saturday, moving the mainnet to protocol version 11. The technical changes lower smart contract costs and lay groundwork for an upcoming scalability overhaul.

But a more consequential change is who directed the upgrade. For the first time in Cardano's history, it wasn't Input Output, the engineering firm that designed and built the blockchain.

Every previous Cardano hard fork was coordinated top-down by the network’s founding entities, chiefly Input Output, but Van Rossem was initiated, debated and ratified entirely through Cardano's onchain governance system, the framework introduced in the so-dubbed Voltaire era that lets stakeholders vote directly on protocol changes.

It is the first Cardano upgrade approved end-to-end by the network's own participants rather than its creators.

Onchain data from Cardanoscan shows the network moved from version 10 in epoch 643 to version 11 in epoch 644, with the action enacted activated Saturday, July 18 at 21:44 UTC after ratification on July 13. Passage required sign-off from three separate bodies, and the tallies show how differently each treated it.

Delegated representatives — or stakeholders that ADA holders elect to vote on governance proposals on their behalf, similar to representatives in a parliament — voted 78.97% in favor against a 60% threshold.

The constitutional committee, a body of elected members that rules only on whether a proposal complies with the Cardano Constitution rather than on its merits, found the hard fork compliant, with all seven members agreeing where five were required.

(Cardanoscan)Interestingly, the pool operators who actually run Cardano's infrastructure approved the community's first self-directed hard fork by the narrowest of its three margins, with 53.02% of operators voting to approve the upgrade, a reminder that decentralized governance means the founders' preferred outcome is no longer guaranteed.

Under Cardano's constitution, the upgrade also required at least 85% of stake pools by active stake to run compatible node software before ratification. Network telemetry showed adoption well ahead of that, with roughly 93% of block production already on version 11 heading into activation.

What is version 11On the technical side, version 11 is an intra-era hard fork, meaning it stays within Cardano's current governance-focused era and does not change the structure of transactions, so the work required to upgrade is minimal for the wider ecosystem.

It adds new capabilities to Plutus, the platform developers use to write Cardano's smart contracts, unifying the built-in functions available across the platform's three versions so older applications gain newer features.

The upgrade also tightens several of the ledger's validation rules, including one guaranteeing that no two stake pools can reuse the same cryptographic identity key.

"As well as Plutus improvements and Plutus Cost Model enhancements, this upgrade lays the foundation for the next upgrade, the Dijkstra era hard fork, which will introduce Ouroboros Leios to Cardano," Input Output wrote in a development report on Friday.

Ouroboros Leios is a scaling proposal for the proof-of-stake consensus model that Cardano runs. It is expected later in 2026 and aimed at sharply increasing transactions per second without weakening the protocol's security guarantees.

Van Rossem is the procedural groundwork for Ouroboros, both in the ledger changes it ships and in the precedent it sets: that Cardano can now upgrade itself by vote.

The hard fork is named for Max van Rossem, a Cardano governance contributor who helped shape the network's constitution and died in October 2025.

What the hard fork means for a Cardano userThere are no visible changes for someone casually holding or spending ADA. Transactions work the same way, wallets do not need updating and the fee to send ADA is unchanged. The upgrade does not alter how the network looks or feels to use.

The benefits arrive through the apps that can be built on Cardano over time. The Plutus changes lower the costs of running a smart contract — the code behind any onchain service — from DeFi protocols to NFT marketplaces.

A user pays a fee every time they interact with one of those apps, and part of that fee reflects how much computation the contract demands. Cheaper execution means those apps can charge less per transaction, though the savings are not automatic, since developers have to rebuild their contracts to capture it.

Over time, the larger shift is over who controls what comes next. On most blockchains, a founding company or core team sets the roadmap and users take what they are given.

Van Rossem showed that Cardano's holders can approve a protocol change themselves, without the founders directing the change. For investors holding ADA, that is the difference between owning a token on a network someone else steers and having a formal vote in where it goes. Whether that is worth more than faster, top-down development is a separate debate, but it is a real change in who holds the wheel.

Meanwhile, the upgrade a user will actually feel is still ahead. Van Rossem lays the groundwork for Leios, the scaling change meant to sharply increase how many transactions Cardano can process. That is what would deliver faster confirmations and more capacity when the network is busy.

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Cardano price remained under pressure on Monday despite the activation of the network’s van Rossem hard fork, leaving ADA traders focused on whether the token can break through its next major resistance zone.

Summary

Cardano remains near $0.16 as weak momentum limits gains following the van Rossem hard fork. ADA must reclaim $0.17 and $0.19 before the broader downtrend shows clearer signs of reversing. Positive funding offers support, but a sub-one long-short ratio shows traders remain cautious about recovery. ADA was trading near $0.162 at the time of writing, down around 2% over 24 hours. The token has remained broadly flat over the past month after a long decline from levels near $0.90 to $1.00. Its market capitalization stands near $6.06 billion, while daily trading volume is around $240 million.

The latest price action comes just after Cardano moved to Protocol Version 11 through the van Rossem hard fork. The network upgrade improved parts of the Plutus smart contract framework and prepared Cardano for future scaling work, but it has not yet produced a sustained ADA price rally.

Cardano price struggles to hold above $0.16 The ADA/USDT daily chart remains in a broader bearish structure. Cardano has fallen sharply from its 2025 highs and recently settled into a narrow range around $0.16. The latest consolidation has slowed the decline, but buyers have yet to establish a clear sequence of higher highs and higher lows.

ADA is also trading below the middle Bollinger Band near $0.1688. The upper band sits around $0.1887, while the lower band is close to $0.1489. This places the price in the lower half of its current volatility range. A sustained move above $0.17 would improve the short-term setup, while a renewed decline could put the $0.15 area back in focus.

Cardano (ADA) price chart, source: crypto.news The Relative Strength Index stands at 45.62, slightly below its moving average of 47.10. The reading shows that momentum has recovered from more extreme selling conditions but remains below the neutral 50 mark. Buyers therefore have not yet gained firm control of the daily trend.

This weak structure follows months of pressure on ADA. Cardano fell below $0.20 in June as its broader market decline continued. Earlier technical analysis also identified weak momentum indicators as ADA struggled to establish durable support.

Van Rossem hard fork fails to trigger an immediate ADA rally Cardano activated the van Rossem hard fork on July 18, taking the mainnet to Protocol Version 11. The upgrade became the network’s first hard fork approved and ratified entirely through its onchain governance system.

The upgrade adds Plutus improvements and changes to the cost model used for smart contract execution. It also prepares the technical foundation for the planned Dijkstra era and Ouroboros Leios, which aims to increase Cardano’s transaction capacity. As crypto.news reported, the upgrade went live after moving through Cardano’s governance process and earlier testnet stages.

However, ADA has so far shown little sustained response to the network event. The token remains near the same price area it occupied before activation. That price behavior suggests traders are still weighing broader market conditions and technical resistance alongside the protocol upgrade.

The hard fork can improve the network’s underlying technology without automatically driving immediate demand for ADA. For the price setup, traders are now watching whether activity following the upgrade can support stronger buying pressure over a longer period.

Mixed derivatives data keeps traders cautious Derivatives indicators also show a divided market. ADA funding rates recently turned positive, with the rate at about 0.0061%. Positive funding generally means traders holding long positions pay those holding shorts, showing that positioning has shifted somewhat toward the bullish side.

Source: CoinGlass However, the ADA long-to-short ratio remained near 0.90. A reading below one means short positions continue to outnumber longs under that measure. The two indicators therefore point in different directions, with improving funding but continued caution among derivatives traders.

The mixed positioning follows heavy short interest ahead of the hard fork. ADA traded near $0.1628 before the upgrade as traders increased bearish positions even while large holders accumulated tokens. Liquidity was concentrated around $0.16 and $0.17, making those levels important for the next move.

The $0.16 area has continued to act as an immediate support zone after the fork. Losing that level could expose ADA to the lower Bollinger Band near $0.149. Holding it would give buyers another opportunity to test the resistance immediately above the current range.

ADA needs to reclaim $0.17 to target $0.19 The first technical level for Cardano bulls is the $0.168 to $0.17 area, which aligns closely with the middle Bollinger Band and a previous liquidity zone. A daily move above that range would return ADA to the upper half of its recent trading channel.

Beyond that, the $0.188 to $0.19 area represents the next major resistance zone. The upper Bollinger Band sits near this level, making a break above $0.19 a stronger signal that the short-term structure is changing. RSI would also need to climb above 50 to show firmer momentum from buyers.

Until those conditions develop, ADA remains in a consolidation phase inside a much larger downtrend. The van Rossem upgrade provides a new network catalyst, while development toward Leios gives Cardano another technical milestone to watch. However, price confirmation still depends on buyers pushing through nearby resistance.

In brief Cardano activated the Van Rossem hard fork on July 18, reaching protocol version 11 with zero downtime. It's the network's first major upgrade ratified entirely through on-chain community governance, without any centralized company directing the process. The fork lowers Plutus smart contract execution costs and bundles five technical improvements, including new cryptographic tools and a security fix requiring every stake pool to use a unique cryptographic key. Cardano has hard forked, implementing the Van Rossem upgrade over the weekend and transitioning the network to protocol version 11.

It’s not the first time Cardano has executed a hard fork—but it is the first time it’s done so without the intervention of the blockchain’s founding development company, Input Output. That makes how it happened at least as important as what the upgrade does.

A hard fork—a permanent, mandatory update to a blockchain's core rules, applied simultaneously across every computer running the network—is a pretty serious deal. Throughout Cardano’s history, it’s been Input Output that’s decided on these kinds of network changes.

Van Rossem, which sets the stage for improved scalability and lower costs on the network, is the first major Cardano upgrade ratified entirely through on-chain governance, meaning elected community members, server operators, and an oversight committee voted it live.

The fork carries the name of Max van Rossem, a Dutch Cardano contributor who passed away in October 2025. A developer, elected representative, node operator, and constitutional delegate, Van Rossem helped design the very governance system that just activated this upgrade.

Three separate bodies signed off. Delegated representatives known as “DReps”—community members elected to vote on behalf of Cardano holders, similar to elected delegates in a parliament—approved it at 77.63%, clearing the 60% threshold. Stake pool operators—the companies and individuals running the servers that keep Cardano running—backed it at 52.7%, just above the required 51%.

The Constitutional Committee, a seven-member board that verifies upgrades comply with Cardano's founding document, also approved the proposal. Cardano has been building toward this governance model since the Chang hard fork in 2024, which first introduced on-chain voting, followed by the Plomin hard fork in early 2025, which gave token holders real decision-making power.

What the upgrade actually doesVan Rossem is an intra-era upgrade—a targeted improvement that doesn't rebuild Cardano's core structure. Its main goal is lowering Plutus execution costs. Plutus is Cardano's smart contract programming language—the code engine behind every DeFi app, NFT marketplace, and on-chain payment tool built on the network.

Cheaper execution means developers can run more complex apps for less.

The upgrade bundles different technical proposals, including new cryptographic tools for verifying digital signatures faster and a security fix requiring every stake pool to use a unique cryptographic key—closing a known attack path.

Now that van Rossem is live, what changes for builders?

Protocol Version 11 adds constant-time array indexing, native Value handling, faster list traversal, and new cryptographic primitives.

Built-ins now work across Plutus V1, V2, and V3. Transaction shape stays the same. https://t.co/lpUO158oJA

— Input Output Group (@IOGroup) July 20, 2026

For everyday users, nothing changes today.

Last week, Input Output (the firm that built Cardano's core codebase) announced it would hand off development to outside specialist teams starting in August. Van Rossem is the first upgrade executed under that transition.

The next target is Ouroboros Leios—Cardano's planned overhaul of how it processes transactions, targeting 30 to 65 times current throughput with a stated goal of exceeding 1,000 transactions per second. Van Rossem is a technical prerequisite.

Cardano (ADA) price: Flat but not fallingAs exciting as this news may be for Cardano fans, the markets don’t seem to think the hard fork provides enough hopium to move the needle just yet.

Cardano, which trades as ADA ,has been essentially flat for three days, hovering around the $0.1662 mark at a $6 billion market capitalization. Bulls are pushing, but the overall weight is still bearish—the hard fork announcement appears to have steadied prices and prevented a retest of deeper support.

The 50-day exponential moving average (a trend-tracking line weighted toward recent price action) sits below the 200-day, a classic bearish configuration. RSI—a momentum score from 0 to 100, where above 70 signals overbought and below 30 means oversold—reads 48.8, which is considered neutral. ADX, which measures trend strength, sits at 16.1, weak, though its directional component has shifted from bearish to bullish—an early signal traders watch for potential turning points.

Whales holding between 100,000 and 100 million ADA tokens pushed their balances to the highest level since 2023, per Santiment data. Smaller holders reduced exposure.

Charlies Hoskinson, Cardano’s founder, expects Leios to reach mainnet before the end of 2026, and the public testnet (dubbed Musashi Dojo) launched June 23.

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