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Solana (SOL) is drawing renewed investor interest after achieving a record milestone in tokenized equities trading and flashing key bullish signals on major technical charts. While the overall market trend remains cautious, the latest data points to rising confidence in Solana’s ecosystem and its potential for long-term growth.

Technical setup and price actionSOL is currently priced at $73.44, with a 24-hour trading volume of $1.65 billion and a market capitalization of $42.78 billion. Although the token recorded a 2.87% decline over the past day, technical analysts predict a positive shift could be ahead based on chart patterns and momentum indicators.

According to Ali Martinez, who is known for technical analysis in the cryptocurrency sector under the moniker Ali Charts, Solana has posted a TD Sequential buy signal on its monthly chart. The TD Sequential indicator is designed to identify trend exhaustion and potential reversals in price movement.

The appearance of a TD Sequential buy signal on the monthly chart suggests bearish momentum is subsiding, and accumulating buying interest might initiate a longer-term rebound if confirmed by additional volume and price increases.

Analysts pointed out that this indicator by itself does not guarantee an immediate surge in prices. However, if SOL can confirm higher lows and move above key resistance levels, it could accelerate bullish sentiment on the strength of sustained buying pressure and trading volume growth.

Traders are watching for confirmation of this trend with heavier trading activity, as well as the formation of higher price levels, before moving more decisively.

Mini dictionary: TD Sequential is a technical analysis indicator developed by Tom DeMark. It helps traders identify market turning points by analyzing a series of price bars and spotting potential trend exhaustion zones.

Tokenized equities volume hits record highFresh data from the analytics platform Solana Floor showed Solana’s blockchain posted a record $3.47 billion in tokenized equity trading volumes in June, the highest monthly number on the network to date. This surge further establishes Solana as a leading venue for real-world asset tokenization, offering both high speed and low-cost transactions compared to competing networks.

Solana achieved over 96% share of the total traded volume of tokenized equity instruments among all blockchains during the month, reinforcing its market dominance in the real-world asset space.

The increasing volume demonstrates growing adoption of the Solana platform for on-chain equities and other asset-backed tokens, driving optimism about its evolving infrastructure and utility in traditional finance applications.

MetricJune 2024Tokenized equity volume (Solana)$3.47 billionMarket share of tokenized equities96%Market analysts remark that expansion in tokenized financial products and increased real-world asset integration continue to elevate the Solana ecosystem among crypto networks.

Market outlook and broader trendsDespite bullish signals from technical indicators and remarkable growth in tokenized equities, the SOL token price is still trading lower in line with a broader market downturn. Ongoing weakness in BTC and sector-wide caution have contributed to subdued price action in the near term.

If SOL overcomes resistance levels with strong volume and continued trading activity in tokenized assets, analysts indicate this could provide additional momentum for a price reversal. Broader adoption of tokenized stocks and other real-world assets may further strengthen Solana’s platform utility moving forward.

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 has changed how it distributes quarterly cash rewards through its Solana Staking ETF. At the same time, the company reduced management and staking fees to maximize net shareholder profits. On July 17, 2026, the digital asset management firm Grayscale filed a full prospectus supplement. The firm is making changes in the operation of its key financial product. An amended version of the trust agreement for Grayscale Solana Staking ETF (GSOL) has been created. This major change introduces a compulsory distribution of accumulated quarterly cash rewards directly to fund holders.

The changes will be introduced officially on the market on or about August 7, 2026. Previously, the financial instrument was accumulating all staking rewards within the fund to grow its value. Now, the new rule implies that all the digital tokens obtained should be converted to US dollars.

One hundred percent of the fund’s Solana tokens are used as collateral to earn money for the investors. At present, the total staking income earned by the fund is 6.1% gross yearly on the asset. Expenses associated with the running of the trust and other sponsor fees will be deducted from the net cash amount.

Source: sec.gov Drastic Reduction in Fees Enhances Investor Returns In order to make sure that the fund attracts many investors, Grayscale made major cuts in the cost structure of the fund. The annual management fee was decreased from 0.35% to 0.19% in June. More importantly, Grayscale made dramatic reductions in the internal staking fee rate, which was cut from 23% to 7%.

The dramatic decrease results in the trust having significantly smaller profits from the earnings it regularly gains. The shareholders will benefit from a much bigger part of the earnings coming from the network in the future. Nevertheless, the management clearly states that the payments may change depending on the network environment.

The move is made after the successful execution of the strategy that was created by Grayscale regarding its Ethereum Staking ETF. The company first issued GSOL as a privately placed fund back in November 2021. The trust later became listed on the prestigious NYSE Arca on October 29, 2025. 

The new structure poses a direct threat to other competitors with their similar market products, such as the REX-Osprey SOL Plus Staking ETF. The financial experts mention that there are different implications when it comes to ordinary income tax with respect to the staking crypto payments.

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The convergence of traditional finance and decentralized trading continues to accelerate as crypto-native platforms expand beyond digital assets. One of the latest examples comes from Margin Trade, a Solana-native perpetual trading platform that has introduced a new market tied to SK Hynix, one of the world’s leading semiconductor manufacturers and a key player in the artificial intelligence supply chain.

The launch comes at a particularly notable moment for the South Korean company. SK Hynix recently made headlines with its landmark Nasdaq American Depositary Receipt (ADR) debut, widely described as the largest ADR listing to date. However, Margin Trade’s latest product is not based on the newly listed U.S. ADR. Instead, the platform offers perpetual exposure to SK Hynix’s underlying Korean-listed stock, giving traders access to the company’s primary market performance through an onchain derivatives product.

Riding the AI Semiconductor Boom Few companies have benefited from the artificial intelligence boom as much as SK Hynix.

The memory manufacturer has become one of the most important suppliers in the AI hardware ecosystem thanks to its leadership in high-bandwidth memory (HBM), a technology essential for training and running large AI models. Industry estimates suggest the company supplies roughly 60% of the HBM used in NVIDIA’s AI GPUs, making it a critical component of the rapidly expanding AI infrastructure market.

Investor enthusiasm has reflected this strategic position. Over the past year, SK Hynix shares have climbed roughly 770%, fueled by soaring demand for AI chips and expectations that spending on AI infrastructure will continue to grow.

While the Nasdaq ADR has attracted significant attention from global investors, Margin Trade has chosen to build its perpetual market around the company’s Korean-listed shares, offering exposure to the stock that serves as SK Hynix’s primary listing.

Expanding Beyond Crypto The new listing is part of Margin Trade’s broader vision of creating a unified marketplace where traders can access multiple asset classes through decentralized infrastructure.

Rather than limiting users to cryptocurrency markets, the platform supports perpetual contracts across crypto assets, commodities, and equities within a single trading environment. Traders manage positions using one unified margin account, allowing collateral to be shared across different markets instead of being fragmented between separate trading accounts.

This approach mirrors the growing trend among decentralized finance platforms to offer more comprehensive financial products that extend beyond crypto-native assets.

As traditional financial markets become increasingly connected to blockchain infrastructure, tokenized and synthetic exposure to equities has emerged as one of the industry’s fastest-growing segments.

Up to 10x Leverage Margin Trade’s SK Hynix perpetual market launches with support for up to 10x leverage, allowing traders to take amplified long or short positions on one of the semiconductor sector’s most closely watched companies.

According to Solayer, the platform’s infrastructure is designed to deliver exchange-grade performance while maintaining the transparency associated with decentralized finance.

Unlike centralized brokerages, Margin Trade operates as a non-custodial platform where users retain control of their assets. Positions, funding payments, margin updates, and liquidations are settled onchain through transparent execution.

The platform also incorporates real order books and an optimized auto-deleveraging (ADL) mechanism intended to improve execution quality during periods of elevated market volatility.

Why Semiconductors Matter Semiconductor companies have become some of the most actively traded equities as AI reshapes global technology markets.

While NVIDIA has captured much of the spotlight, companies supplying the underlying hardware ecosystem, including memory manufacturers like SK Hynix, have also experienced substantial investor interest.

High-bandwidth memory has become an essential component for modern AI accelerators because it enables significantly faster data transfer between processors and memory modules. As AI models continue to grow in complexity, demand for advanced memory solutions is expected to remain strong.

By adding SK Hynix to its marketplace, Margin Trade is positioning itself to capture growing trader interest in AI-related equity exposure alongside its existing crypto and commodity offerings.

To coincide with the launch, the platform has also introduced its Semiconductor July campaign, offering 20% net trading fee cashback across all semiconductor perpetual markets through July 31.

Building Multi-Asset Markets Onchain The SK Hynix listing reflects a broader strategy by Margin Trade to bridge traditional financial markets with blockchain-based infrastructure.

Built by contributors from Solayer Labs, the platform runs on Solana-native technology designed for low-latency trading and high-throughput execution. Solayer’s Layer 1 network supports more than 330,000 transactions per second with approximately 400-millisecond finality, capabilities intended to support performance-sensitive financial applications.

As decentralized trading platforms continue expanding beyond cryptocurrencies, access to global equities, commodities, and sector-specific investment themes is becoming an increasingly important area of innovation.

By offering perpetual exposure to the Korean-listed shares of SK Hynix rather than its newly launched U.S. ADR, Margin Trade is giving traders another way to participate in one of the AI industry’s most closely watched companies while continuing its push toward a unified onchain marketplace that spans both digital assets and traditional financial markets.

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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Solana is attempting to establish a short-term bottom in the $73.56–$75 range as buyers step in following a recent dip below key support. Analysts tracking Solana noted that the cryptocurrency rebounded after trapping excess sellers, with price action quickly climbing back above the $75.62 level. Maintaining this support could see SOL advance toward the next targets of $81 and $83 in the near term. If the upward trend continues, the price may extend to the $93–$97 zone.

Support Retest and Bullish SetupAfter briefly sweeping Monday’s low, Solana is holding its ground above the $74–$76 support area. Technical indicators such as the Relative Strength Index (RSI) are showing higher lows, which suggests that selling pressure has started to ease. This pattern keeps the outlook in favor of continued bullish momentum, provided the lower boundary of support remains intact.

Chart analysts have identified a swing failure pattern (SFP) near the support region. This occurs when the price momentarily breaks below a previous low but then rebounds immediately, implying that sellers are trapped as buyers absorb liquidity beneath that level.

Should SOL maintain its position above $75, the immediate upside targets include $81, with more significant resistance anticipated between $85 and $89. High conviction buying could further lift SOL into the $93–$97 price bracket.

Technical charts indicate that “holding above $75 could send SOL toward $81 first, followed by resistance near $85–$89. A stronger breakout could bring the larger $93–$97 area into focus.”

If Solana fails to sustain support, a four-hour close below $74 would call the recovery into question, with deeper downside opening up toward $72.40, $68.66, and even as low as $64 if selling persists.

Mini dictionary: Swing Failure Pattern (SFP), a technical term describing a scenario in which the price briefly moves below a key level before quickly reversing and closing above it, often trapping sellers and signaling a potential reversal or support for a bullish move.

Resistance Levels and OutlookSolana’s recent recovery has been anchored to a move back above the descending trendline and last week’s low. These developments hint that prior breakdowns may have triggered short-lived selling, giving buyers a chance to regroup near support.

Despite this progress, SOL trades just below $75.62—the first major level that bulls must reclaim to reinforce upward momentum. A confirmed breakout above $75.62 would set up approaches to $77.62 and $79.61, aiming next for $81.61 and last week’s high at $83.61 if demand strengthens.

Continued weakness around the monthly open of $73.56 would undermine the bullish thesis. A sustained move below this threshold could pull the price into the $72 zone, elevating the risk of another move lower toward $70.

LevelDirectionSignificance$75.62UpsideKey breakout resistance$81–$83UpsideFirst upside target$93–$97UpsideMajor bullish target$74DownsideCritical support$72.40, $68.66, $64DownsideDeeper support levelsThe outlook remains bullish while Solana holds above monthly support, but renewed selling below $73.56 could expose the cryptocurrency to further declines.

Solana is a high-performance blockchain platform that prioritizes scalability and fast transaction speeds for decentralized applications and cryptocurrencies.

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

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Galaxy Digital, the crypto financial services firm led by Mike Novogratz, is paying $75 million to rename Texas Tech’s football stadium for the next 15 years. The move was first reported by Sports Business Journal and detailed in the original report. Starting with the 2026 college football season, Jones AT&T Stadium will become Galaxy Stadium, and Galaxy will serve as the university’s official data center and digital assets partner. It’s one of the largest naming‑rights agreements in college athletics history, and it comes at a time when crypto companies are rethinking how they spend marketing dollars.

Sports sponsorships by crypto firms haven’t always aged well. FTX’s deal with the Miami Heat and Crypto.com’s splashy purchase of Staples Center naming rights made headlines, then became cautionary tales when markets turned. But Galaxy isn’t an exchange burning retail deposits on billboards. It’s a publicly traded, diversified crypto merchant bank with a balance sheet that has weathered multiple downturns. The Texas Tech deal looks less like a hype cycle bet and more like a deliberate push to normalize digital assets in the heart of middle America.

A Data Center Partnership That Goes Beyond a Logo The partnership extends beyond a name on a stadium. Galaxy becoming the university’s official data center partner opens the door to co‑branded research, blockchain education programs, and possibly even on‑campus compute infrastructure. Texas Tech gains access to Galaxy’s institutional‑grade digital asset services, while Galaxy positions itself at the center of a large university’s technical ecosystem. In an environment where decentralized storage and AI infrastructure are becoming critical, demand for decentralized storage and AI infrastructure is only rising, and this tie‑up could give Galaxy a real‑world sandbox for showcasing those capabilities.

It also represents a shift in how crypto firms approach branding. Instead of a global, one‑off stadium sign, Galaxy is embedding itself into the fabric of a major college community. For a university with over 40,000 students and a passionate football fanbase, the exposure is constant and local. That kind of deep cultural integration is closer to how traditional companies build trust than how tech startups spray billboards. It’s a bet that the road to mainstream adoption runs through college sports as much as through Wall Street.

Where This Fits in Crypto’s Mainstream Moment The Texas Tech deal lands just as several other signs point to crypto’s deepening presence in traditional institutions. From BlackRock’s tokenized Treasury fund to JPMorgan testing on‑chain settlement with Ondo Finance, the tokenization of real‑world assets is moving from concept to execution. Galaxy itself was an early mover in institutional-grade services, and now it’s taking that brand into a football stadium. For a $75 million commitment stretched over 15 years, it’s a signal that Galaxy doesn’t see crypto as a passing fad — it’s laying down roots that rival any traditional financial sponsor.

This approach also mirrors a broader industry pattern where firms use high‑profile partnerships to signal maturity. Projects like Sui have seen price rallies this year off the back of institutional staking announcements and fintech integrations, as similar institutional partnership momentum has drawn in liquidity. Galaxy’s move is different — it’s a direct spend on brand equity rather than technology integration — but the strategic intent is similar: show that crypto is ready for the grandstands.

Still, the 15‑year term carries risk. The regulatory environment in Washington remains unsettled, and the sudden bank‑led push to derail the biggest crypto bill in US history shows how quickly political winds can shift. A hostile regulatory regime could crimp Galaxy’s core business, turning a stadium sponsorship into an expensive liability. And even if Galaxy remains healthy, the public memory of FTX’s implosion means that any whiff of trouble could trigger backlash from fans and alumni. The deal’s scale alone will make it a bellwether for how much cultural capital the crypto industry can actually buy.

What makes this deal different is its slow‑burn design. A 15‑year naming agreement doesn’t buy quick attention; it buys familiarity. That’s a departure from the crypto industry’s usual marketing rhythm, which has long relied on short‑term campaigns and speculative virality. Galaxy is effectively making a long‑duration wager that digital assets will become normal enough that a football fan in Lubbock won’t blink when the home team runs out under a crypto brand. Whether that bet pays off depends on more than just football scores.

AUTHOR

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

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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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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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Stablecoins have long been pitched as a faster way to move dollars across borders. In Bolivia, they’re increasingly becoming a way to access dollars in the first place. The country’s recent proposal to recognize Tether’s USDt (USDT) for payments underscores how economic instability is driving adoption in many emerging markets. 

Elsewhere, Bitcoin miners are discovering that pivoting to AI infrastructure may unlock new revenue streams, but it doesn’t shield them from investor scrutiny.

Bolivia weighs recognizing USDT amid dollar shortageBolivia is considering a regulatory framework that would recognize Tether’s USDT as a payment currency, marking another step in the country’s push to integrate digital assets into its financial system.

Economy and Public Finance Minister Jose Gabriel Espinoza said the proposal would allow USDT to circulate alongside the boliviano and the US dollar for payments and savings. The framework remains under review and would include anti-money laundering safeguards, as Bolivia is still on the Financial Action Task Force’s gray list. The initiative follows the lifting of the country’s crypto ban in 2024 and the new administration’s pledge to expand access to digital asset services.

The proposal comes as Bolivia struggles with a prolonged shortage of US dollars after pressure on foreign exchange reserves forced the government to abandon its long-standing currency peg earlier this year. The resulting gap between the official and parallel exchange rates has increased demand for dollar-denominated alternatives such as USDT, which has become an increasingly popular payment tool in the country.

Source: EL DEBER

Bitcoin miners’ AI pivot draws scrutiny over insider stock salesInvestors are increasingly scrutinizing insider stock sales at Bitcoin miners pursuing AI infrastructure strategies as enthusiasm for the sector cools and governance concerns take center stage.

According to Blocksbridge Consulting, executives at TeraWulf, Cipher Digital, Riot Platforms and Core Scientific have disclosed stock sales in recent months, many of them made under prearranged Rule 10b5-1 trading plans. Strategic investors have also trimmed their holdings — including Tether — which reduced its stake in Bitdeer following the company’s AI-driven rally. The shift comes as the TEM AI Infrastructure Growth Index has fallen 16% over the past month.

Blocksbridge said investors are increasingly looking beyond the AI growth story to assess whether the benefits of miners’ strategic pivots will flow to public shareholders.

Most stocks in the 20-company TEM AI Infrastructure Growth Index were down over the past month through July 8. Source: Miner Weekly

CleanSpark stock jumps on $6.6 billion data center lease as AI pivot acceleratesCleanSpark shares rallied as much as 22% after the Bitcoin miner signed a 20-year data center lease in Georgia that could generate up to $6.6 billion in contracted revenue, underscoring its push into AI and high-performance computing infrastructure.

The agreement covers a 175-megawatt data center at the company’s Sandersville, Georgia, campus and was signed with an undisclosed investment-grade global technology company. The tenant will install its computing equipment at the site, with phased deliveries expected to begin in the fourth quarter of 2027. If the customer exercises two five-year extension options, the contract’s total value could reach $11.6 billion.

The deal reflects a broader trend among Bitcoin miners seeking new revenue streams as post-halving mining economics remain under pressure. While many publicly traded miners have reduced their Bitcoin holdings to shore up liquidity, CleanSpark has largely remained a net accumulator despite selling some BTC earlier this year to fund operations. 

CleanSpark remains a net accumulator of Bitcoin. Source: BitcoinTreasuries.NET 

Bitmine generated $46 million from Ethereum staking last quarterBitmine Immersion Technologies generated $45.7 million in revenue from Ethereum staking and validation last quarter, demonstrating the strength of its business even as ETH prices remained under pressure. 

Ethereum staking accounted for 98% of the company’s revenue for the three months ended May 31, compared with $624,000 from self-mining Bitcoin and $168,000 from consulting services. The results follow the March launch of MAVAN, Bitmine’s institutional Ethereum staking platform, which was built on the acquisition of validator operator Pier Two Holdings. The company said it has staked roughly 85% of its Ether holdings, or about 4.9 million ETH.

Chairman Tom Lee said Bitmine now stakes more Ether than any other entity and projects annualized staking rewards of $284 million once its holdings of the token are fully staked through MAVAN and its partners. 

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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.

Eric Balchunas, a seasoned expert from Bloomberg, has made a new prediction regarding the price of Bitcoin. Here are the details.

Bloomberg ETF analyst Eric Balchunas said that the trajectory of spot Bitcoin ETFs could resemble the process that followed the launch of gold ETFs. According to Balchunas, Bitcoin (BTC) could experience a sharp pullback after a strong rally, followed by a prolonged recovery period that tests investor patience.

Balchunas pointed out that both gold and Bitcoin are stores of value that do not generate cash flow or regular returns. Therefore, demand for these assets is largely shaped by market sentiment, investor confidence, and macroeconomic conditions.

According to the analyst, while sentiment-driven demand can cause prices to rise rapidly in some periods, it can also lead to the market remaining flat for extended periods or experiencing sharp corrections.

Balchunas stated that Bitcoin ETFs could follow a similar scenario to gold ETFs, describing the process as “a dramatic rise, a painful pullback, and a recovery that could test investors’ patience.”

*This is not investment advice.

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Table of contents

The once-frenzied trade around artificial intelligence that sent valuations of tech stocks and crypto assets soaring is losing momentum, and the shift has produced an unusual side effect: bitcoin is now less volatile than South Korean stocks. The data point appears in the latest day-ahead update from CoinDesk, which notes that the cooling AI narrative has squeezed volatility out of the largest cryptocurrency far enough that it now sits below that of South Korea’s equity benchmark. For an asset class historically mocked for wild price swings, the comparison is a quiet but significant marker of how the crypto market’s structure is evolving.

The AI hype cycle that began in late 2024 and accelerated through 2025 drove a broad repricing across risk assets. South Korean equities, heavily weighted toward semiconductor and tech manufacturing companies, rode the AI wave and saw amplified price action. Bitcoin and other cryptocurrencies, often clustered with growth-sensitive trades, joined the rally. As that speculative fervor recedes, the order of volatility is resetting. What makes the current reading stand out is not just the absolute calm—bitcoin’s 30-day realized volatility has compressed before—but that it has dropped below an equity index that itself has a reputation for outsized swings, even by emerging market standards.

The AI Trade Unwinds The original AI mania funneled liquidity into everything from Nvidia suppliers to decentralized compute tokens. Several blockchain projects explicitly branded themselves as AI infrastructure plays, including UXLINK and Origins Network, which partnered to integrate decentralized computing for AI workloads. Those narratives attracted capital, but the trade is now maturing. Earnings multiples are being questioned, and the rush to allocate purely on the basis of AI exposure has slowed.

For crypto, the unwind is appearing as a compression in daily ranges. Bitcoin has spent much of the past few weeks trading inside a narrowing band, while South Korean stocks have continued to show sensitivity to chip-sector demand forecasts and geopolitical friction. The comparison does not imply that bitcoin has become a boring asset, but it does suggest that the speculative froth linked to a single thematic driver—AI—is no longer the dominant force it was six months ago.

What a Low-Volatility Bitcoin Means for Markets A drop in bitcoin’s volatility below that of an established equity index changes how portfolio managers view the asset. For years, the argument against adding bitcoin to institutional portfolios rested on its extreme price risk. If that risk metric now trails a volatile but mainstream equity market, the diversification case strengthens. The shift could accelerate the kind of institutional staking and integration moves already seen in the market—demand that recently helped SUI surge 18% on institutional staking and fintech partnership news.

Still, the timing matters. Bitcoin’s lower volatility is arriving just as a landmark piece of U.S. crypto legislation faces a last-minute assault from the banking lobby. The industry is watching whether the Senate can pass the bill despite opposition. If the legislative push fails, the regulatory overhang could reintroduce price swings. The current calm, therefore, may not be durable if regulatory risk spikes.

There is also the question of how much the AI story still matters for crypto-native assets. While the direct AI token trade has cooled, the broader ecosystem continues to build out infrastructure that could benefit from a longer-term AI adoption cycle. Projects tied to decentralized storage, like Filecoin, continue to target AI data demand. If the AI trade regains momentum, it may return in a less speculative, more utility-focused form, which would have a different volatility impact.

What Remains Unclear The big unknown is whether the current low-volatility regime represents a structural shift or simply a pause. Bitcoin’s correlation with tech equities has not disappeared; it has merely softened as AI euphoria faded. A fresh shock—regulatory, macroeconomic, or elsewhere—could quickly push volatility higher. For now, the market is pricing in a period of relative stability that stands in contrast to the choppy action in Seoul. Traders who have grown accustomed to bitcoin being the most volatile asset in any comparison will need to recalibrate. The coming weeks will test whether the calm holds or whether the old pattern reasserts itself.

AUTHOR

Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.

Bloomberg Senior ETF Analyst Eric Balchunas on Friday said Bitcoin (CRYPTO: BTC) ETFs are likely following gold ETFs’ 22-year playbook of explosive gains, painful drawdowns, and recoveries that test investor patience.

Why Balchunas Is Drawing The Gold ETF ParallelBalchunas built his comparison around one shared structural trait.

Both Bitcoin and gold ETFs are wrappers around non-yielding assets that generate no cash flow, meaning investor sentiment drives performance rather than earnings, coupons, or government backing. 

That makes demand fickle, arriving in waves rather than building steadily, and capable of producing both price explosions and prolonged stagnation.

BlackRock’s IBIT (NASDAQ:IBIT) currently manages roughly $60 billion in assets, well below the $100 billion it briefly touched in October when Bitcoin hit its all-time high.

Balchunas said IBIT held above that threshold for only a few hours before pulling back.

He compared that moment to the SPDR Gold Trust (NYSE:GLD) briefly surpassing SPY to become the world’s largest ETF in 2011, only to spend eight years trying to reclaim that level. 

“I feel like there’s a spiritual parallel between GLD and IBIT,” Balchunas wrote on X.

The constructive part of his read is that each gold ETF cycle set a higher high water mark than the one before it, suggesting the pattern for Bitcoin ETFs may be two steps forward, one step back rather than a permanent peak.

Bitcoin Is Breaking Away From Tech StocksAnalyst Joao Wedson flagged a separate development that reinforces Balchunas’ thesis from a different angle. 

Until the end of 2025, Bitcoin tracked closely with the iShares Expanded Tech Software Sector ETF (BATS:IGV). That correlation is now breaking down.

Wedson argued this decoupling is a positive development, bringing Bitcoin closer to Satoshi Nakamoto’s original vision of an asset that moves independently of traditional markets. 

He said the next crypto bull market could catch many analysts off guard if they continue applying traditional market correlations to Bitcoin’s price behavior.

“Over the next three years, we could see stocks weakening while crypto enters a new bull market and moves in the opposite direction,” Wedson wrote. “Bitcoin does not need Wall Street’s permission to rise,” he added.

Where Does Bitcoin Stand Now?Bitcoin is down roughly 30% year to date and about 50% from its October record. Gold sits near $4,000 an ounce, down 7% year to date but still 19% higher over the past 12 months.

Spot Bitcoin and Ether ETFs did record their first week of net inflows since early May last week, pointing to early signs that sentiment is beginning to stabilize.

Photo via Shutterstock

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Bitcoin’s Role Has ChangedSpeaking on entrepreneur Nikhil Kamath’s podcast on July 16, Armstrong argued that the industry’s biggest opportunity is no longer speculative trading but rebuilding the global financial system on blockchain rails.

Armstrong acknowledged that Bitcoin’s original vision as peer-to-peer electronic cash has largely evolved.

“I think it’s fair to say at this point that Bitcoin has succeeded as a store of value,” Armstrong said. “It has become digital gold.”

Stablecoins, meanwhile, have increasingly filled the role of blockchain-based payment infrastructure.

Armstrong said stablecoins represent one of crypto’s fastest-growing use cases.

They combine near-instant settlement with low transaction costs and global accessibility.

That is why he expects stablecoins, not Bitcoin, to power everyday payments, remittances and AI-driven transactions, ideal for machine-to-machine commerce.

Ethereum, Solana And Base Could BenefitBase and Solana are leading candidates for crypto’s “utility layer,” where developers are building lending, payments and capital formation products on-chain rather than simply launching speculative tokens.

Why Regulation Still MattersArmstrong said clearer crypto regulation has accelerated institutional participation in major markets and expressed optimism that U.S. lawmakers could advance comprehensive market-structure legislation in the coming months.

He also argued that countries should develop regulated versions of their own fiat-backed stablecoins rather than relying exclusively on U.S. dollar-denominated digital assets.

Looking ahead, he believes the next phase of crypto adoption will be driven less by trading and more by real-world financial infrastructure, AI-powered commerce and the tokenization of global assets.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Rune: Base has lost community trust, Cobie responds that he will push Coinbase to be closer to on-chain users.

Amid recent community controversy surrounding Base, crypto KOL Rune published a post on X questioning that Cobie’s goal in taking over Base App is to drive on-chain transactions, but Base’s current management has continuously eroded user trust, leading users to believe “it is a mistake to trust anything related to Base for more than 24 hours” — a culture that makes attracting new users nearly impossible. In response, Cobie clarified that he took over work for Base App and Coinbase’s trading products several days ago, but is not in charge of the Base chain. He admitted Coinbase has long been distant from users, especially native crypto users; Base and Coinbase also squandered massive user trust through avoidable missteps, and he aims to listen more to on-chain user feedback and build products users actually want to use moving forward. Rune later replied that Coinbase’s core issue is not just distance from users, but long-term neglect and even harm to its own user base. He stated that over 10,000 Base users have suffered roughly 99% asset losses due to trusting Base/Coinbase management, and Base’s leadership’s handling of these incidents has further stoked community frustration. Rune noted that Base possesses the infrastructure to become the crypto sector’s top Layer 2, but what it truly lacks is leadership willing to be accountable to users. He expressed hope that Cobie can turn things around, but stressed that Base’s current problem is not merely damaged trust — community trust has nearly fully evaporated.

6 minutes ago

Viewpoint: The biggest "hidden culprit" behind the stock market slump remains unresolved, and the US stock market may face a correction similar to the summer of 2024.

BTIG Chief Market Technician Jonathan Krinsky says the biggest risk in today’s market is not a single negative event, but investors starting to question the market logic they once firmly believed in. Krinsky points out that the Philadelphia Semiconductor Index has fallen roughly 20% from its June high, entering bear market territory; South Korea’s KOSPI has dropped over 25% cumulatively, and Japan’s Nikkei 225 has also entered a technical correction, reflecting pressure on global tech stocks. He warns that U.S. stocks could repeat the sharp correction seen in summer 2024, with the S&P 500 at risk of falling below its 200-day moving average (6983 points). If that scenario unfolds, the semiconductor sector will likely continue to weaken, and large tech stocks like the "Magnificent Seven" may end their prior leading rally, dragging down overall market performance. What’s more worrying about this selloff is that it truly lacks a clear catalyst. While a host of issues can be cited—including concerns over the chip sector’s excessive first-half rally, large tech firms taking on heavy debt for massive capital expenditure plans, and persistent uncertainty in the economic backdrop under the Federal Reserve’s new policies—this helps explain the rotation underway in the broader market. However, the stock market can only tolerate so much weakness in its largest, most popular stocks (such as chip stocks), and will ultimately struggle to hold up.

6 minutes ago

Ansem launches SOL airdrop marketing campaign, giving away 1 SOL every 5 minutes.

Crypto KOL Ansem posted on X that he will airdrop 1 SOL to users every 5 minutes before going to bed, with participants only needing to leave their Solana wallet address in the comments to join the event. As of press time, Ansem’s eponymous meme coin ANSEM has a market cap of $176 million, down 5.5% over the past 24 hours.

6 minutes ago

Yesterday, U.S. spot Bitcoin ETFs recorded a net inflow of $132.3 million, marking four consecutive trading days of inflows.

According to Farside’s monitoring, U.S. spot Bitcoin ETFs saw a net inflow of $132.3 million yesterday, marking their fourth consecutive trading day of net inflows. Specifically, IBIT recorded a net inflow of $136.5 million, while FBTC posted a net outflow of $4.2 million.

6 minutes ago

Polymarket’s probability of the CLARITY Act passing this year has fallen to 32%, hitting an all-time low.

As the U.S. Senate remains deadlocked over the CLARITY Act, prediction market Polymarket has slashed the probability of the bill being passed by the end of 2026 to 32%, the lowest level since the platform launched in January this year. Data shows this probability has dropped by roughly 30 percentage points from the market’s launch, and plummeted sharply from the 82% peak hit in February this year. Market participants believe that with the Senate’s legislative schedule tightening and bipartisan support still unachieved, the likelihood of the bill passing this year continues to decline. Reports indicate that the biggest sticking point right now is that the two parties have yet to reach an agreement on ethics provisions related to conflicts of interest for government officials involving digital assets. Democratic Senator Ruben Gallego previously stated clearly that he would not support the bill in Senate votes if it does not include the bipartisan-backed ethics provisions. The CLARITY Act aims to establish a regulatory framework for the U.S. digital asset market and clarify the jurisdictional boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Multiple industry stakeholders testified at a House of Representatives hearing that the bill would help end "regulation by enforcement" and provide long-term, stable regulatory rules for the digital asset sector. As the U.S. Congress heads into its August recess, market expectations for the bill to be enacted into law this year are continuing to cool.

6 minutes ago

An address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million.

According to monitoring by crypto analytics account Ai Yi, an address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million. The address received 150 million ONDO from the Ondo team’s multi-sig address on June 23, held the tokens for nearly a month, and transferred a portion to Coinbase 11 hours ago. The operation follows a similar pattern to prior moves: team address transfer → address holding → transfer to exchange platform, though the specific purpose of this action remains unclear.

6 minutes ago

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Rune: Base has lost community trust, Cobie responds that he will push Coinbase to be closer to on-chain users.

Amid recent community controversy surrounding Base, crypto KOL Rune published a post on X questioning that Cobie’s goal in taking over Base App is to drive on-chain transactions, but Base’s current management has continuously eroded user trust, leading users to believe “it is a mistake to trust anything related to Base for more than 24 hours” — a culture that makes attracting new users nearly impossible. In response, Cobie clarified that he took over work for Base App and Coinbase’s trading products several days ago, but is not in charge of the Base chain. He admitted Coinbase has long been distant from users, especially native crypto users; Base and Coinbase also squandered massive user trust through avoidable missteps, and he aims to listen more to on-chain user feedback and build products users actually want to use moving forward. Rune later replied that Coinbase’s core issue is not just distance from users, but long-term neglect and even harm to its own user base. He stated that over 10,000 Base users have suffered roughly 99% asset losses due to trusting Base/Coinbase management, and Base’s leadership’s handling of these incidents has further stoked community frustration. Rune noted that Base possesses the infrastructure to become the crypto sector’s top Layer 2, but what it truly lacks is leadership willing to be accountable to users. He expressed hope that Cobie can turn things around, but stressed that Base’s current problem is not merely damaged trust — community trust has nearly fully evaporated.

5 minutes ago

Viewpoint: The biggest "hidden culprit" behind the stock market slump remains unresolved, and the US stock market may face a correction similar to the summer of 2024.

BTIG Chief Market Technician Jonathan Krinsky says the biggest risk in today’s market is not a single negative event, but investors starting to question the market logic they once firmly believed in. Krinsky points out that the Philadelphia Semiconductor Index has fallen roughly 20% from its June high, entering bear market territory; South Korea’s KOSPI has dropped over 25% cumulatively, and Japan’s Nikkei 225 has also entered a technical correction, reflecting pressure on global tech stocks. He warns that U.S. stocks could repeat the sharp correction seen in summer 2024, with the S&P 500 at risk of falling below its 200-day moving average (6983 points). If that scenario unfolds, the semiconductor sector will likely continue to weaken, and large tech stocks like the "Magnificent Seven" may end their prior leading rally, dragging down overall market performance. What’s more worrying about this selloff is that it truly lacks a clear catalyst. While a host of issues can be cited—including concerns over the chip sector’s excessive first-half rally, large tech firms taking on heavy debt for massive capital expenditure plans, and persistent uncertainty in the economic backdrop under the Federal Reserve’s new policies—this helps explain the rotation underway in the broader market. However, the stock market can only tolerate so much weakness in its largest, most popular stocks (such as chip stocks), and will ultimately struggle to hold up.

5 minutes ago

Ansem launches SOL airdrop marketing campaign, giving away 1 SOL every 5 minutes.

Crypto KOL Ansem posted on X that he will airdrop 1 SOL to users every 5 minutes before going to bed, with participants only needing to leave their Solana wallet address in the comments to join the event. As of press time, Ansem’s eponymous meme coin ANSEM has a market cap of $176 million, down 5.5% over the past 24 hours.

5 minutes ago

Polymarket’s probability of the CLARITY Act passing this year has fallen to 32%, hitting an all-time low.

As the U.S. Senate remains deadlocked over the CLARITY Act, prediction market Polymarket has slashed the probability of the bill being passed by the end of 2026 to 32%, the lowest level since the platform launched in January this year. Data shows this probability has dropped by roughly 30 percentage points from the market’s launch, and plummeted sharply from the 82% peak hit in February this year. Market participants believe that with the Senate’s legislative schedule tightening and bipartisan support still unachieved, the likelihood of the bill passing this year continues to decline. Reports indicate that the biggest sticking point right now is that the two parties have yet to reach an agreement on ethics provisions related to conflicts of interest for government officials involving digital assets. Democratic Senator Ruben Gallego previously stated clearly that he would not support the bill in Senate votes if it does not include the bipartisan-backed ethics provisions. The CLARITY Act aims to establish a regulatory framework for the U.S. digital asset market and clarify the jurisdictional boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Multiple industry stakeholders testified at a House of Representatives hearing that the bill would help end "regulation by enforcement" and provide long-term, stable regulatory rules for the digital asset sector. As the U.S. Congress heads into its August recess, market expectations for the bill to be enacted into law this year are continuing to cool.

5 minutes ago

An address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million.

According to monitoring by crypto analytics account Ai Yi, an address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million. The address received 150 million ONDO from the Ondo team’s multi-sig address on June 23, held the tokens for nearly a month, and transferred a portion to Coinbase 11 hours ago. The operation follows a similar pattern to prior moves: team address transfer → address holding → transfer to exchange platform, though the specific purpose of this action remains unclear.

5 minutes ago

Claude Fable 5 will not be discontinued, and has officially remained in the premium subscription tier.

Anthropic announced that Claude Fable 5 will be officially included in its Max and Team Premium plans starting July 20. Users can allocate up to 50% of their plan credits to Fable 5, with no temporary deadline imposed. Pro and Team Standard users will still need to access Fable 5 on a pay-as-you-go basis, and Anthropic will grant these users a one-time $100 credit. When Fable 5 launched, Anthropic only committed to offering free access to the model until June 22. The model was later suspended due to U.S. export controls; after resuming on July 1, the plan access window was extended from July 7 to July 12, then to July 19. Anthropic has consistently stated that demand is unpredictable, requiring gradual increases in computing power. This timing is hard not to link to Kimi K3, which has recently matched or surpassed Fable 5 in multiple programming and agent benchmarks, with some tasks even outperforming it. Competitive pressure may have accelerated Anthropic’s decision, though no direct evidence exists to confirm this.

5 minutes ago

Crypto analyst Dark Defender has issued a new long-term projection for XRP, claiming the asset has entered what he refers to as “Grand Wave 3” in its ongoing market cycle. He shared an updated monthly chart that outlines several stages of anticipated price expansion, beginning at levels significantly higher than XRP’s current trading price.

Long-Term Price Roadmap DetailedAccording to Dark Defender’s latest technical analysis, a move between $5.85 and $8.50 should be seen as the start of a larger advance, not the conclusion. He wrote, “Grand Wave 3 is in motion. $5.85–$8.50 is not the destination. It is the opening act for XRP. Follow the North Star.”

Grand Wave 3 is in motion. $5.85–$8.50 is not the destination. It is the opening act for XRP. Follow the North Star.

The accompanying chart utilizes Elliott Wave principles to illustrate price waves stretching from prior market lows into what the analyst sees as a multi-year advance. The chart indicates that XRP may have completed an earlier corrective phase and could now be moving into a new impulsive wave.

Mini dictionary: Elliott Wave – A form of technical analysis that identifies recurring wave patterns and trends in financial markets, commonly used to forecast future price movements in cryptocurrencies and stocks.

Ambitious Fibonacci Targets Mapped OutSeveral Fibonacci extension levels are noted on the chart as potential future targets, should the projected pattern continue as outlined. The initial key zone is between $5.85 and $8.50. Successive waves could extend toward approximately $18, $35, $74, and above $140, each dependent on the momentum and progression of previous stages. However, the analysis makes clear these are phased developments, not a single immediate surge.

StageProjected Target (USD)Initial advance5.85 – 8.50Secondary extension18Further wave35Advanced wave74Long-term maximum140+The chart identifies a recent corrective wave ending near the current price zone, which the analyst considers a possible springboard for a major breakout. However, all targets presented are grounded in technical analysis and are not confirmations of future price action.

The projection has generated a wide range of responses from within the XRP community. Some voices, such as the user Withered Rose, asked whether it is practical to predict targets above $5 when XRP has yet to reclaim $1.50. Others voiced doubts that XRP would ever reach $5, warning the asset could decline further instead.

Conversely, community member Lottie Bell described the project as still in its early days and stated that XRP’s actual value will ultimately depend on future adoption and the expansion of its ecosystem. She added that patience may be necessary as the digital asset develops real-world utility.

Dark Defender has published a series of technical analyses lasting several years, consistently maintaining that XRP is positioned for a larger trend despite ongoing volatility in the broader digital asset market. XRP is the native digital currency of the Ripple payment protocol, which is designed to enable fast, low-cost international money transfers.

Mini dictionary: Ripple – A technology company specializing in global payment solutions. Ripple developed the XRP Ledger and the XRP token for cross-border transactions by financial institutions.

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

XRP has lately been showing signs that it could turn bullish after a turbulent month. In fact, the month dragged the altcoin to a year-to-date loss of 41%. At the time of writing though, on-chain data seemed to be pointing to the kind of setup that preceded its last major price run.

Whale activity and a network-to-market-capitalisation reading appeared to flag the token as grossly undervalued, mirroring the conditions that fuelled its previous rally.

XRP’s leverage flush echoes 2024 setup The Estimated Leverage Ratio (ELR) of the XRP Ledger, which measures the depth of leveraged capital channelled into XRP, hinted at the token repeating the pattern that led into its 2024 rally.

During that period, the ELR declined to a low of roughly 0.05 on the chart. A massive flush of leveraged positions in XRP followed, and the price rallied sharply soon after.

Source: CryptoQuant The flush gave way to a significant run that reached 790%. At press time, CryptoQuant data revealed XRP entering a deleveraging phase once again.

Analysts, however, believe that this is neither a fractal nor a guaranteed sign that XRP will rally.

Even so, XRP’s Open Interest over the past year reflected this unwinding, falling from $10.94 billion to $2.39 billion for a decline of roughly 78%. This marked a clear outflow of leveraged capital worth about $8.55 billion from the market.

Are XRP whales accumulating steadily? While the leverage flush is no guarantee of a rally, on-chain data also tracked an interesting trend that could support the price overall.

Whales, the investors controlling a significant amount of capital, have come to dominate XRP’s spot average order size. This seemed to imply that they are the most influential force in the market right now.

Source: CryptoQuant Exchange reserve data can give us clearer context to what this group has been doing though. The chart hinted at a fall in reserves, with the figure falling from 2.62 billion to 2.61 billion from 10 July.

In dollar value, roughly $57 million has flowed out of exchange balances into private wallets, moved by these whale wallets within the same period. A finding like that typically signals an ongoing but gradual accumulation of the asset, adding to its overall structure.

NVT ratio points to undervaluation Finally, an analysis of the network value to transactions (NVT) data on the chart showed that XRP may be presently undervalued.

The NVT ratio determines undervaluation or overvaluation by weighing market capitalisation against transaction volume in the market. When the ratio sits on the lower side of its historical range, it implies the asset is undervalued and has been oversold.

At the time of writing, the NVT ratio had a reading of 312.8, implying that network activity in terms of transactions has been minimal.

Until there is a clear uptick in the NVT, a high chance remains that the market stays undervalued. In fact, the reading is also evidence that whales may be purchasing XRP when it is trading at a discount.

Final Summary XRP now replicating the same market conditions that came before its 790% surge in 2024. Large investors are quietly buying and pulling XRP off exchanges.