Track market-moving stories before they get noisy

X updates its creator revenue sharing program; inducement of interactive behaviors such as "replying to follow each other" may result in account suspension.

X Product Lead Nikita Bier announced that the platform has updated its creator revenue sharing program. Accounts that induce engagement three or more times via tactics such as "reply to follow back" will be removed from the program and referred to the policy team for evaluation on whether to suspend the account. Grok is now capable of identifying such behavior; nearly 4,000 accounts were removed from the program on the same day. The new model launched by X detects duplicate content three times more efficiently than its predecessor. Even if reposters add watermarks, intros, or other modifications, monetization exposure for such content will belong to the original uploader—a rule that also applies to copied popular text posts. Bier added that the platform detected 1.5 million stolen posts during this cycle. Accounts engaging in repeated infringement or intentionally evading detection will be removed from the creator revenue sharing program. These adjustments will result in over $1 million in revenue being redistributed to original content creators.

8 minutes ago

Bankless Co-founder: Bitcoin may have entered a sideways consolidation phase, with the bottom largely in place.

Bankless co-founder David Hoffman published an article stating that Bitcoin’s current trend faces two possible paths: sideways consolidation to bottom out, or one final round of panic selling. He opines that Bitcoin is more likely to enter a sideways grinding phase, with its bottom already largely formed.

8 minutes ago

SpaceX’s short interest ratio rose to 29% of its outstanding shares, with short positions totaling $25 billion.

As SpaceX’s share price has fallen back to near its IPO price, short sellers are rapidly increasing their bearish positions on the company. Data from S3 Partners shows that roughly 185 million SpaceX shares are currently sold short, accounting for about 29% of its publicly traded float, equivalent to around $25 billion in short positions. Three weeks ago, the estimated number of SpaceX shares sold short was just 40 million, making up 5% to 7% of its float. The stock has dropped roughly 20% cumulatively since July, and on Wednesday it briefly fell below its $135 IPO price for the first time. KeyBanc Capital Markets noted that when SpaceX went public, its publicly traded shares made up only 5% of its total share count of around 13 billion. The first batch of large-scale restricted shares is expected to unlock around the release of its second-quarter financial results, at which point roughly 11% of the total share base will become eligible for sale; multiple subsequent batches of restricted shares, each accounting for about 4% of total shares, will also be unlocked starting about 70 days after the IPO. Elon Musk’s roughly 42% stake in SpaceX remains locked until June 2027. The company’s 13th Starship test flight is scheduled for Thursday, which could impact market sentiment toward the stock.

8 minutes ago

Ansem: If PUMP delivers on its airdrop promises and improves community relations, the token could surge 10 to 15 times.

Renowned crypto KOL Ansem has published an article arguing that token buybacks alone do not effectively support valuation. Hyperliquid generates ~$800 million in annualized revenue, while Pump.fun brings in around $440 million annually. Both platforms regularly use a portion of profits to repurchase tokens, yet Hyperliquid’s fully diluted valuation (FDV) stands at roughly $65 billion, compared to Pump.fun’s mere $1.4 billion. He notes that the valuation gap between the two is not primarily driven by revenue, but by the "trust premium" shaped by team conduct and market decisions. Hyperliquid rarely overpromises, consistently rolls out products, and rewards core users per preset metrics, fostering strong trust between its team and community. By contrast, Pump.fun has generated $1 billion in cumulative revenue and raised $1 billion via ICO, but has yet to deliver on its previously promised user airdrop. Ansem believes that if Pump.fun fulfills the airdrop and addresses core users’ concerns, PUMP’s price could surge 10 to 15 times, while boosting the platform’s trading volume, visibility, and revenue growth. He also cited Bitcoin as an example: the cryptocurrency has no revenue, yet boasts a $1.3 trillion market cap, with its value rooted in its fixed 21 million coin supply and the trust built from the network’s ongoing operation. Beyond tangible metrics like revenue, trust, meme effects, and attention are also key factors influencing asset valuation.

8 minutes ago

Keyrock acquires BlockFills' institutional trading and brokerage business for $3.25 million

Keyrock has completed the acquisition of BlockFills' institutional trading and brokerage business, with the deal covering its trading technology, institutional client relationships, and derivatives trading team. The acquisition will also expand Keyrock's regulatory scope, including an entity registered with the Cayman Islands Monetary Authority and another UK entity seeking authorization from the Financial Conduct Authority (FCA). Keyrock did not disclose the transaction price in its announcement. Per prior court documents and disclosures from company representatives, the total acquisition value is $3.25 million, payable in two installments, with certain arrangements subject to regulatory approval. BlockFills suffered major losses during the February 2026 crypto market crash, after which it filed for Chapter 11 bankruptcy protection in the U.S. Keyrock was ultimately selected as the buyer in the firm's bankruptcy proceedings.

8 minutes ago

Serenity: Declines in storage and AI-related crypto assets likely stem from deleveraging and cascading margin liquidations.

Serenity noted that Micron Technology announced today it has signed a long-term memory agreement with Qualcomm, but Micron’s stock price still fell by 5.37% following the announcement. He believes that, with multiple structural agreements continuing to take effect, the current decline does not appear to stem from issues with storage or AI stocks themselves. The related drop is more likely due to the winding down of deleveraging and margin call liquidation chains.

8 minutes ago

Hyperion DeFi has committed 500,000 HYPE tokens to support institutional perpetual futures listings on Hyperliquid through a new agreement with Skew Technologies.

Summary

Hyperion DeFi will deploy 500,000 HYPE tokens to support institutional perpetual futures markets on Hyperliquid. The agreement gives Hyperion an equity stake in Skew Technologies and a share of revenue from listing services. The partnership expands institutional use of Hyperliquid’s HIP 3 framework for launching custom perpetual markets. According to a Wednesday press release, the Nasdaq-listed company will deploy the tokens under Hyperliquid’s HIP-3 permissionless listings framework while receiving an equity stake in Skew Technologies and a share of the listing-service revenue generated through the platform.

The companies said the partnership is intended to help institutional clients launch custom perpetual futures markets on Hyperliquid, a layer-1 blockchain focused on perpetual futures trading.

Hyperion expands role in Hyperliquid ecosystem Under Hyperliquid’s HIP-3 framework, developers can create custom perpetual markets by posting HYPE as bonded capital, giving the token a use case beyond staking. The same infrastructure has recently been used to launch synthetic markets linked to assets outside crypto, including pre-IPO companies such as Chinese memory chipmaker ChangXin Memory Technologies.

Commenting on the agreement, Hyperion DeFi chief executive officer Hyunsu Jung said the company continued to receive requests from teams worldwide looking to launch and distribute new markets using Hyperliquid’s infrastructure while evaluating opportunities within HIP-3.

Rather than operating the markets directly, Skew Technologies will provide the listing service, while Hyperion contributes HYPE tokens required to support the permissionless listings under the agreement.

The arrangement also deepens Hyperion’s exposure to the Hyperliquid ecosystem beyond holding the token, with the company set to receive both an ownership interest in Skew and a portion of the revenue generated by the listing business.

Institutional activity around Hyperliquid continues to grow The latest announcement comes as institutional interest in Hyperliquid has continued to expand across several areas of the ecosystem.

Earlier this month, Bitwise added HYPE to its Bitwise 10 Crypto Index ETF (BITW), placing the token inside one of the industry’s largest diversified crypto index products after its latest index rebalancing.

At the same time, Hyperliquid has been attracting new infrastructure partnerships. Circle and Coinbase recently deepened USDC integration on the network, making USDC the platform’s preferred stablecoin, although JPMorgan said this week that the revised revenue-sharing structure could reduce long-term reserve income retained by Circle and Coinbase even as USDC adoption grows.

Recent HIP-3 deployments have also extended beyond crypto-native assets. Last week, Hyperliquid introduced a synthetic perpetual market tied to ChangXin Memory Technologies ahead of its Shanghai listing, showing how the framework can support custom derivatives linked to real-world and pre-IPO assets without giving traders ownership of the underlying securities.

On Wednesday, Hyperion DeFi, a publicly traded digital asset firm on NASDAQ, announced that it will lend 500,000 staked HYPE tokens—valued at approximately $33.6 million—to Skew Technologies. The purpose of this arrangement is to provide the necessary collateral for the development of new institutional perpetual futures markets on the Hyperliquid platform. This partnership highlights a growing approach among public crypto treasury companies to generate revenue from renting out token assets rather than letting them remain unused.

Details of the Hyperion-Skew agreementHyperliquid, a decentralized perpetual futures trading platform, introduced its HIP-3 market framework in October 2025. This structure enables external teams to establish custom perpetual futures markets by supplying a bond of 500,000 HYPE tokens. Hyperion, which controls a treasury of roughly 2 million HYPE tokens, has opted to lend the required collateral to Skew instead of creating a market itself. In this arrangement, Skew will manage the new market listings, while Hyperion serves as a “bonded-capital layer” for HIP-3 markets.

The lending structure utilizes Hyperion’s HYPE Asset Use Service (HAUS), a platform designed for monetizing idle token holdings. In exchange for providing the HYPE tokens as collateral, Hyperion receives both an equity stake in Skew and a share in listing service revenues. According to the firm, the revenue-sharing agreement includes fixed and scaling components that are not directly linked to trading volume, offering Hyperion a stable income stream regardless of market activity.

Skew, a company led by professionals with extensive institutional trading experience, will first focus on launching perpetual futures for its institutional clients before expanding into HIP-4 outcome-based markets. Founder David Gil noted that Hyperion’s involvement provides Skew with the necessary infrastructure and alignment to drive innovation and introduce a new breed of markets to Hyperliquid. However, the firms have not yet disclosed which products Skew will debut.

Mini dictionary: Hyperliquid is a decentralized crypto trading platform that allows users to trade perpetual futures using custom market structures such as HIP-3, which rely on teams providing token collateral as bond deposits to launch new markets.

Dave Knox, finance chief at Hyperion, explained via X that this collaboration underscores the firm’s Triple-Dip strategy and demonstrates Hyperion’s evolution beyond a digital-asset treasury model.

Hyperion CEO Hyunsu Jung also stated that the partnership reflects rising interest among project teams looking to launch markets within the Hyperliquid ecosystem, as more organizations explore leveraging token reserves for income-generating activities.

Traditional finance model on-chainThe new structure closely mirrors capital and collateral arrangements in traditional finance, where liquidity providers comply with bond or collateral requirements and delegate trading operations. By implementing this approach on-chain, Hyperion differentiates funding from market services and participates in profit sharing.

Hyperion recently shifted strategy, ending HAUS agreements with Felix and Native Markets in June 2026 following the retirement of their HIP-3 offerings, which were connected to Hyperliquid’s discontinued stablecoin, USDH. Hyperliquid has since switched to USDC by Circle for trade settlement, aiming to increase its broad appeal. The company maintains new HAUS contracts with other partners, including Silhouette, which is backed by investment firm RockawayX.

CompanyProduct/ServiceStatusFelixHIP-3 / USDHEnded (June 2026)Native MarketsHIP-3 / USDHEnded (June 2026)SilhouetteHAUS / USDCActiveFinancial performance and outlookHyperion reported that HIP-3 markets represented almost half of Hyperliquid’s daily trading volume in the first quarter of 2026. The company stated it has repurchased and sequestered over 45 million HYPE tokens using network trading fee proceeds. Hyperion posted record net income of $8.8 million for Q1 and increased its full-year adjusted gross profit target to between $5 million and $7 million.

While Hyperion’s earnings and business outlook remain positive, there are still unknowns. Skew has not revealed which specific markets it will introduce, and Hyperliquid remains inaccessible in the United States, where major exchanges like CME Group and Intercontinental Exchange are urging the Commodity Futures Trading Commission to enhance regulatory oversight. The sector is now watching to see whether Skew’s futures markets will gain significant traction, and if other crypto treasury firms will pursue similar token-lending models to monetize their reserves.

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.

Bitcoin traders got caught on both sides of the same trap this week, according to one chart analyst tracking the recent price swing, and the fallout is exposing exactly which level really matters right now. Bitcoin had been consolidating inside a triangle pattern for days. When price finally broke toward the upside, traders piled into long positions expecting a clean continuation higher.

It didn’t hold. Bitcoin’s triangle breakout was actually a fakeout that liquidated many traders, according to the analyst, who says he avoided the trade entirely because he doesn’t trust breakout setups. His rule instead: enter only at support, ideally right after a liquidity grab, not on a breakout chase.

One Level That Actually Matters

Using a volume profile across Bitcoin’s recent price action, the analyst identified a single price zone that keeps reappearing as the point of control, the area with the heaviest trading volume on the entire chart.

The single biggest support on Bitcoin’s entire chart sits near $62,500, he says. That level lines up with three separate technical tools: the volume profile’s point of control, an anchored VWAP drawn from a recent swing low, and a rising trend line connecting Bitcoin’s recent higher lows.

Reading the Current Pullback as a Wave Count

The analyst frames Bitcoin’s broader move as an ABC correction, with the current leg representing what he calls the “C wave,” itself expected to unfold in five smaller waves. He believes wave one of that structure just completed, and Bitcoin is now working through wave two, the current pullback.

Fibonacci retracement levels give him two targets for where that pullback could end: a shallower target near $63,600, and a deeper one closer to $62,500, which aligns with the volume-based support already identified. A confirmed break below $61,700 would invalidate the current bullish wave count, he said, marking the line where his entire bullish thesis falls apart.

Resistance Levels Standing in the Way

Above current prices, the analyst is watching resistance near $65,700, a zone he says carries extra weight because two separate liquidity pools stack at that same level, alongside the top of a descending channel.

If Bitcoin can push through that resistance while forming a third wave higher, he expects the move to continue toward $68,000, an area that lines up with both an anchored VWAP resistance zone on the daily chart and a Fibonacci extension target. The analyst’s next major upside target for Bitcoin sits near $68,000 to $69,000.

Where This Leaves Traders

The analyst says he remains long on both Bitcoin and Ethereum, along with an existing long position on Hyperliquid, and continues to view pullbacks toward support as buying opportunities rather than reasons to turn bearish, as long as Bitcoin holds above its most recent low.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

Cloudflare recently announced the launch of its monetization program via the Coinbase-led x402 machine payments standard. x402, which lets AI agents pay for data online with crypto, has been gaining steam among the AI-pilled, as it unlocks more capable agent interactions with the open web. 

Cloudflare, founded in 2009, has grown from a DDoS mitigation and content delivery network (CDN) provider into one of the internet’s foundational infrastructure companies.

The company, which launched publicly in 2010, had the mission to make web performance and security accessible to everyone, not just large enterprises. Today, Cloudflare powers approximately 20-23% of all websites globally, handles tens of millions of HTTP requests per second across 330+ cities in over 100 countries, touching a significant portion of global internet traffic.

As a result of their adoption and security offering to large portions of the open web, CloudFlare’s integration of x402 is a major development for the structure of the internet. Websites that are increasingly inaccessible to the massive data demands from AI can now sell that data to AI agents for crypto. CloudFlare’s implementation only mentions Stablecoins such as USDC, the Open USD standard, but the protocol supports Bitcoin on-chain and is actively exploring integration of the Lightning network.

The Web is Broken Kevin Leffew, co-author of the x402 protocol and AI GTM at Coinbase, told Bitcoin Magazine there’s a major user experience issue in the way AI currently interacts with the open web and x402 — which is now under the control of the Linux Foundation — is trying to solve it. “Every api call requires an api key, which in turn requires a human, and adds unnecessary friction,” Leffew explained, adding, “our goal is to kill the api key”.

Popular AI agents such as OpenClaw often require API access keys to special paid web search services, to let the AI agents access the web easily, with the mobility that a human user would enjoy. Services of this sort are offered by popular browsers and search engines such as Brave.com and Perplexity. But who out there wants to be paying a subscription service on top of computer hardware and internet access, plus AI token costs to search the web? These services also require a human to sign up with a credit card for a monthly subscription, paying for access that might be blocked by the websites holding valuable data anyway via non-standard methods. A better solution is needed.

AI agents need to be able to think about money and resource costs, and need to have a computer-friendly way to make payments for novel data. An example of this use case was recently demonstrated by an X account called “Lightning Mode AI,”  which built a wrapper over ESPN FIFA data and had an AI agent pay for it in Bitcoin. The Agent was then able to quickly place bets on outcomes on markets like Polymarket, which could potentially let agent owners earn their money, during the soccer World Cup. 

This example by Lightning Mode AI used an older implementation of the idea behind x402 called L402, a protocol developed by Lightning Labs to specifically enable bitcoin payments for data on third-party websites. 

Denial of service attacks (DOS) are also potentially solved by a machine native monetary system for the internet. The fundamental vulnerability exploited by these DOS attacks revolves around the bandwidth and computing costs to answer a question or query from an internet user. The user sends a request to view a website, the site’s server must compute, resolve and serve the website data back to the user; this has material costs at scale. DOS attacks send massive amounts of requests, often from malware-infected networks of machines (DDOS), targeting the server resources of their victims. This kind of attack can, in theory, be stopped by simply asking for payment from the user before spending the resources to respond to the user’s query. But the payments must be cost-effective and fast enough for the user experience demands of the digital age. 

Protocols like x402 and L402 enable websites to paywall access to their valuable data, while teaching AI agents how to pay for access. No credit cards needed, no user data explicitly shared with payment networks, no ‘are you a bot’ captchas, no annoying account registrations you never use again, no subscription service for web search api key. Just pay for the data you consume. 

The Economics of Micro Transactions This micro-transaction market between machines is not a new idea. It has been theorized by luminaries of the cypherpunk age like Nick Szabo and others, though it has, up until now, been found lacking. Szabo argued that the biggest problem with micro transactions was not just payment technology, but the cognitive transaction costs involved.

Every time a user makes a payment, their brain needs to calculate whether it is worth it; this also has a cost on users, which can probably be measured in calories, and sometimes deciding to pay a couple of pennies for data is not worth the effort. But AI agents change this equation, in theory.

If AI becomes a new way for users to interact with the open way, then the cognitive costs involved in calculating the merit of spending pennies and even sub-penny values for data might be effectively abstracted away.

Users can simply give their bot a budget with spending policies and let it do its best to use that money wisely. Whether AI agents can be responsible enough to safeguard user funds remains to be seen, but some experiments demonstrate that AI agents can be reasonably resilient at the job. Take Freysa AI, for example, a 2024 era AI agent that held up against 48,000 prompt engineering attempts. Users paid to try to convince the bot to release funds in a smart contract treasury to them; if the bot refused, the bot kept the user’s money, adding it to the treasury. Eventually, someone managed to fool the bot, but not after $50,000 worth of attempts had been made. With hard-coded spending limits, the risk of prompt engineering an AI into giving way its web search lunch money is probably manageable.

The scalability of privacy-preserving digital payments in decentralized, censorship-resistant ways is also effectively already solved. According to Leffew, blockchains like Solana can do payments for a thousandth of a cent and settle it in milliseconds. Bitcoin’s Lightning network can also compete at the micro-transaction scale, and other Bitcoin protocols like the e-cash variants can be as fast as any internet packet, likely beating a highly centralized blockchain system like Solana.  

Viktor Ihnatiuk, co-founder of UTEXO, told Bitcoin Magazine that they are actively working with the x402 developer community to integrate Bitcoin’s layer two protocols via RGB as a payment option. RGB integration would unlock layer two-style Bitcoin payments as well as USDT on Bitcoin settlements. The x402 standard, according to Leffew, is designed to be fundamentally neutral to the payment rails involved, even extensible to fiat rails, though likely will be dominated by cryptocurrencies and, for the foreseeable future, stablecoins. 

Why CloudFlare Should Accept Bitcoin CloudFlare’s x402 pilot program is a great step towards this vision of a cryptographic money actively used as the native currency of the internet. Its focus on stablecoins to start is also understandable, given the powerful brand and adoption of the dollar, which keeps accounting simple. However, there are a lot of underlying risks involved in how stablecoins are used today that Bitcoin solves.

For starters, most of the stablecoin volume moves on top of Ethereum Virtual Machine (EVM) style blockchains, which use an account model of public addresses; these are actively reused, creating long, detailed, public histories of financial engagement for each user. This is abysmal for user privacy, and tooling to obfuscate user flows on EVM blockchains, such as VPNs for crypto payments, are not common.

As a result, AI agents and their users are actively leaking data that might expose them to targeted attacks from organized cybercrime, among other risks.

Bitcoin, on the other hand, uses a UTXO model, where best practices lead people to create a new address for every payment received, resulting in payment trails that can be more difficult to track. Furthermore, Bitcoin’s fast payment protocols like Lightning, Ark or e-cash often deliver much greater privacy benefits to users by moving value off-chain via various smart contract-related technologies.

Last but not least, stablecoins are fundamentally anchored to the U.S. dollar and its foreign policy. If CloudFlare wants to be a viable option for the multipolar world, it will want to start taking a neutral stance on money. The dollar, while still the most valued currency in the world, is starting to lose ground to rising powers in the east, while alternative, geopolitically neutral currencies like Bitcoin continue to rise. Bitcoin might help CloudFlare maintain or even grow its position as critical internet infrastructure in the multi-polar world.

On the flip side, BTC managed to reclaim a key support level, which should provide more upside momentum.

The US CPI data for June brought a much-needed relief rally in the cryptocurrency markets, pushing the largest of the bunch to a new three-week peak at $65,500.

However, after gaining about $4,000 in just a day, the asset was rejected and driven south by $1,500. According to popular crypto analysts, this was not an isolated or accidental rejection, as history might map out the path forward.

Why Was BTC Stopped? Crypto Rover noted that BTC has faced the same scenario after every relief rally during this bear cycle. It surges to the Short-Term Holder Realized Price, and then the bears step up and halt its progress. He believes this is because it’s the average cost basis of recent buyers.

“As soon as they get back to break-even, many sell to exit their positions.”

This pattern first played out in November last year, after the notorious October crash, which wiped out over $19 billion in leveraged positions. BTC was stopped at $115,000 at the time, before similar occurrences took place during January’s rally to $95,000, and the mid-May surge to $83,000.

Merlijn The Trader shared a similar opinion, claiming he envisioned this bull-trap rally to $65,500. He believes another leg down is in the making and predicted a “flush toward the $58.5K-$60K order block.”

He outlined the significance of the $63,000 support. If held, BTC could still see some upward momentum, especially if it reclaims the aforementioned $65,500 resistance. However, a breakdown below $63,000 is likely to result in another sub-$60,000 dip.

On The Flip Side… Another popular analyst, Jelle, outlined a rather contrasting scenario. He indicated that BTC’s recent move represented a “big win for the bulls,” as the asset has “reclaimed the previous range lows.” He warned that bitcoin tends to move slowly during the summer and investors should be cautious about becoming too bullish during such not-ideal market conditions.

You may also like: Don’t Obsess Over Bitcoin’s Bottom as $38K Low Comes Into Focus: Analyst Crypto Social Activity Just Hit a Multi-Month Low: Why That Could Be Bullish for Bitcoin Peter Schiff: Bitcoin Holders Will Soon Regret Not Selling at Current Levels Nevertheless, Jelle added that this is a “good start” for bitcoin, but a more profound move north would require breaking many key levels before “things really change for the better.”

Big win for the bulls, $BTC has reclaimed the previous range lows!

Good start, but still loads of levels to break before things really change for the better.

It’s still summer; tends to be slow – and I’ll treat the market accordingly. DCA, nothing more. pic.twitter.com/XrpNvb3uoE

— Jelle (@CryptoJelleNL) July 16, 2026

Tags:

Bitcoin (BTC) may be entering a period of early recovery following several months of weakness, according to analytics firm Glassnode’s latest Week On-Chain report. After prolonged selling pressure from long-term holders throughout 2026, Glassnode observes that this source of market stress has started to ease.

Market sentiment turns on softer US inflation dataUS inflation cooled in the latest reading, with annual price growth coming in at 3.5% rather than the expected 4.2%, the Bureau of Labor Statistics reported. Falling energy costs contributed to the softer figures, which helped bolster risk appetite across various asset classes.

Bitcoin reacted more positively to the inflation news than major equities, suggesting that investors increasingly see BTC as distinct from traditional risk assets. Over recent months, the relationship between Bitcoin and stock indices has continued to weaken.

At the same time, Bitcoin’s inverse correlation with the US dollar has intensified, signaling that broader liquidity trends now play a greater role in the cryptocurrency’s price movements than equity market sentiment.

Glassnode highlights, “Bitcoin trades less like a stock proxy and more like an asset that firms when the dollar weakens.”

Mini dictionary: Glassnode is an on-chain analytics company that tracks and interprets blockchain data for cryptocurrencies like Bitcoin, providing insights for both retail and institutional investors.

ETF outflows slow but new inflows elusiveSpot Bitcoin exchange-traded funds (ETFs) in the US have seen a sharp slowdown in redemptions since the June peak, suggesting the wave of investor withdrawals is losing steam. However, sustained net inflows to these funds have yet to reappear, keeping overall sentiment cautious among institutional participants.

On the derivatives front, Glassnode points out that the options put/call ratio has reached its lowest level of 2026. This shift implies that traders are allowing downside protection to lapse, indicating reduced demand for bearish positions. At the same time, perpetual funding rates show a neutral stance, reinforcing the cautious mood.

Key $69,000 level in focus for Bitcoin’s recoveryDespite signs of stabilization, Glassnode maintains that Bitcoin remains stuck in a “deep value” phase, not yet confirming a clear uptrend. According to the report, Bitcoin is trading above its historical bear-market floor, referred to as the Realized Price, but has yet to break through the next major resistance, the Short-Term Holder Cost Basis, which stands near $69,000. This price marks the average purchase cost for recent investors and is considered a key threshold for a sustained bullish reversal.

Currently, Bitcoin is testing its $66,000 “max pain” options strike, a level that has anchored the spot price for much of the year. Breaking above the $69,000 mark would signal shifting momentum, while a failure to regain this level could confirm continued investor caution.

Key LevelRole in BTC Price ActionRealized PriceHistorical bear-market floorShort-Term Holder Cost Basis ($69,000)Major resistance, break-even for recent buyers“Max Pain” Options Strike ($66,000)Price attracting spot and options activityWhile long-term holder selling pressure is easing, and ETF redemptions have slowed, the market’s recovery is described as tentative. Glassnode reports that a stronger wave of spot buying is required for a sustained uptrend to take hold.

Despite improving fundamental signals, Glassnode suggests the market needs to reclaim and hold above $69,000 to confirm a definitive bullish shift.

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.

In brief U.S. consumer prices fell 0.4% in June, denting rate hike expectations and marking the largest monthly decline since April 2020. Bitcoin and Ethereum trended higher, keeping one analyst’s $100,000 quarter-end price target within reach. Despite the positive inflation report, escalating conflict between the U.S. and Iran over the Strait of Hormuz continues to shadow the market. Bitcoin ticked above $64,000 Tuesday morning, after a widely watched inflation gauge showed consumer prices cooling more than expected in June—bolstering expectations that the Federal Reserve will leave interest rates untouched at the conclusion of its next policy meeting.

The Consumer Price Index fell 0.4% month-over-month in June, the U.S. Bureau of Labor Statistics said on Tuesday. Economists expected the index, which tracks price changes across a broad range of goods and services, to post a 0.1% decline for the period.

Following the report’s release, Bitcoin steadied around $64,300, up 2.3% on the day, according to CoinGecko data. Bitcoin’s price surge nevertheless lagged behind Ethereum, which posted a 5.4% increase to around $1,890 during the same timeframe.

The largest one-month decrease in consumer prices since April 2020 was prompted by falling energy costs, the inflation snapshot indicated, offsetting a rise in food and shelter costs. On an annual basis, inflation slowed to 3.5%, decreasing for the first time in five months.

Fabian Dori, CIO at crypto bank Sygnum, told Decrypt that the government’s latest inflation numbers marked a hopeful sign for crypto, representing “the first real indication that the energy-driven impulse from the spring is fading rather than broadening.”

Cooler than expected

As conflict in the Middle East squeezed global energy supplies, investors braced for tighter monetary conditions, expecting the U.S. central bank to raise interest rates in an attempt to prevent associated price pressures from spreading to the broader economy.

So-called core inflation, which strips out volatile food and energy costs, clocked in at 2.6% in the 12 months through June, down from 2.9% the previous month. Earlier this year, the annual core measure had dipped to 2.5% in February before ticking back up in the spring.

Higher interest rates typically weigh on risk assets like stocks and crypto as the risk-free payouts on government bonds become relatively attractive. Conversely, expectations of accommodative monetary policy tend to buoy digital assets.

On Tuesday, traders grew more confident that the Fed would leave interest rates unchanged later this month at a target range of 3.5% to 3.75%, per CME FedWatch. Still, they expected the U.S. central bank to deliver a 25-basis-point hike in September.

As the war between the U.S., Israel, and Iran has clouded the Fed’s path to reining in inflation to its 2% goal, analysts—including Matt Mena, senior crypto research strategist at exchange-traded fund issuer 21Shares—have said that the conflict could shape crypto prices.

“As long as tensions with Iran don't worsen, fundamentals and catalysts are starting to align for a $100k push by quarter-end,” he told Decrypt.

On Tuesday, the U.S. military said that it was preparing to reimpose its blockade on Iranian ports at 4 p.m. Eastern Time, per AP News. The development followed days of retaliatory strikes between the countries centered on control of the vital Strait of Hormuz.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Breez has partnered with Turnkey to let developers add non-custodial bitcoin to applications that run wallets from their own servers, the companies announced.

The partnership addresses a structural problem. Many mainstream apps operate from the backend, with a single service handling millions of users. Adding bitcoin under that design has meant holding user keys on company servers. 

Holding keys makes a company a custodian, a status that carries licensing requirements, legal liability, and the security burden of a large store of user funds. The alternative has been to build a separate device-based wallet, a change that breaks the architecture these apps use to reach scale.

Under the new model, each user receives a wallet whose keys are created and stored inside Turnkey’s secure enclaves. According to the companies, those keys stay out of reach of the app’s servers, Breez, and Turnkey. The company’s backend holds a credential that defines what actions it can take, while authority to move funds rests with the user.

In other words, this partnership positions some of the world’s largest consumer apps to add non-custodial bitcoin without rebuilding their backend architecture or taking custody of user funds.

Turnkey supports Spark, the network the Breez SDK is built on. Paired with Breez’s server mode, a single backend can manage wallets for millions of users without storing keys.

Registered passkeys enable bitcoin self-custody apps The approval flow works as follows. The user holds a credential, such as a passkey registered with Turnkey at signup. The server prepares a transaction and displays the amount, the fee, and the destination. 

The user approves the transaction, and it completes. The server cannot spend funds without that approval. For the user, the app’s existing flow does not change, and there is no seed phrase to record.

Turnkey provides embedded wallet infrastructure used by a range of consumer apps and holds a SOC 2 audit. In a note to Bitcoin Magazine, Breez positioned the release as a way for exchanges, fintechs, and neobanks to offer bitcoin and stablecoin services to large user bases without taking custody of funds. 

Exchanges can automate payouts under rules their security teams define, and fintechs can add a non-custodial bitcoin service inside their existing interface.

The partnership extends a series of Breez SDK features aimed at lowering barriers to bitcoin integration. Passkey Login replaced the seed phrase, Stable Balance addressed price volatility, and a separate feature added support for sending the stablecoins USDT and USDC. The companies say the combined tools let backend-run products offer bitcoin and stablecoins to users while custody of the assets stays with those users.

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.

A total of $1.45 billion in Bitcoin and Ethereum options are set to expire this week on Deribit, the world’s largest cryptocurrency options exchange by volume and open interest. Market participants are closely monitoring this event, as large-scale options expiries often lead to spikes in volatility across digital asset markets.

Key expiry numbers and market impactDeribit reported that $1.23 billion in Bitcoin options contracts and $218 million in Ethereum options will expire at 08:00 UTC on Friday. Historically, the expiration of such significant volumes can cause traders to adjust, roll over, or close their positions, resulting in increased market activity and price swings.

Options are financial derivatives providing traders the right, but not the obligation, to buy or sell an asset at a predetermined price by a certain date. The expiry process often triggers strategic moves such as hedging or repositioning, which can amplify spot price movements in both directions.

Deribit stated that these expiries can “flood the market with liquidity and volatility, creating prime conditions for trading short-dated options.”

In the lead-up to expiry, traders are focusing on the put-to-call ratio to gauge market sentiment. Data shows Bitcoin’s put-to-call ratio is currently 0.86, indicating more outstanding call options than puts. This points to a generally bullish outlook among traders holding BTC positions into the expiry date.

Meanwhile, Ethereum’s put-to-call ratio stands at 1.54, suggesting a higher demand for protective puts and, therefore, a more cautious or bearish stance from market participants.

AssetOptions ExpiringPut/Call RatioMax Pain LevelBitcoin$1.23 billion0.86$62,500Ethereum$218 million1.54$1,750The ‘max pain’ level for Bitcoin options is $62,500, while for Ethereum options it is $1,750. Max pain refers to the strike price at which the largest number of options contracts expire worthless, often seen as a gravitational point for prices as expiry approaches, though markets do not always move in this direction.

Rising demand for short-dated strategiesDeribit highlighted increased activity and open interest in short-dated, or weekly, options. The exchange reported that substantial interest is building into this week’s expiring contracts, particularly among traders who use short-term strategies to benefit from heightened volatility.

Short-dated options have gained popularity through strategies such as gamma scalping, which involves rapidly buying and selling the underlying asset to hedge options exposures and capitalize on sharp price swings.

Mini dictionary: Deribit – A leading cryptocurrency derivatives exchange specializing in options and futures products, widely used by institutional and professional traders for its deep liquidity and advanced features.

Activity in these shorter-term contracts is expected to further contribute to market volatility as the expiry event unfolds.

Deribit observed, “Big open interest is building into tomorrow’s weekly expiry,” emphasizing the swelling participation in weekly options contracts.

With both large expiring volumes and a surge in short-dated options activity, traders are preparing for potential sharp moves in $BTC and $ETH prices as expiry nears.

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.

English日本語한국어繁體中文ไทยPortuguêsItalianoDeutschFrançaisEspañol Uma carteira de Bitcoin inativa desde dezembro de 2017 transferiu 5.908 BTC, avaliados em cerca de $383 milhões, para um novo endereço às 19h15 (horário do leste dos EUA) de 15 de julho, segundo a plataforma de inteligência blockchain Lookonchain. As moedas foram movidas do endereço legado “138EM…ReyiT” para uma carteira SegWit mais recente, estendendo uma sequência de posições antigas que voltaram a se movimentar esta semana.

A Carteira da Era 2017 Registra Ganho de 284% no Papel Dados da Arkham mostraram que a carteira adquiriu as moedas quando o Bitcoin era negociado perto de $16.800, dando à posição um custo médio de aquisição próximo de $99,6 milhões. Aos preços atuais, o saldo vale cerca de $383 milhões, um ganho no papel de $283 milhões ao longo de aproximadamente oito anos. 7=

A posição atingiu um pico de cerca de $726 milhões durante o recorde do Bitcoin em outubro de 2025, acima de $122.000, segundo reportagem do crypto.news baseada em dados de preço do ciclo. O detentor atravessou a queda de quase 80% em 2018, a alta de 2021 até $69.000 e a retração do final de 2022 para cerca de $15.500.

A carteira destinatária não enviou fundos adiante, e nenhum endereço de depósito de exchange conhecido recebeu a transferência, confirmam registros on-chain.

Analistas Apontam Whale Ratio Próximo de Máximas Históricas A Lookonchain escreveu na publicação de 16 de julho que “o OG recebeu 5.908 $BTC há 8 anos, quando o $BTC era negociado a $16.865, e o manteve desde então”, observando que a posição estava com ganho de 284%. A CryptoQuant relatou separadamente que seu whale ratio de exchanges estava recentemente em 0,99, o que significa que as dez maiores transferências representaram quase todo o Bitcoin depositado em exchanges.

A empresa afirmou que leituras elevadas historicamente antecederam pressão vendedora mais forte, já que depósitos volumosos tendem a preceder alienações volumosas. Nem a movimentação de 15 de julho nem a transferência anterior de 2.931 BTC identificada pela Arkham apresentaram, até agora, evidências on-chain de vendas, segundo pesquisadores de blockchain ouvidos pelo crypto.news.

Por Que a Rotação de Carteira Importa A transferência não parece uma saída direta, e a CoinDesk observou que grandes detentores costumam reorganizar ativos para atualizar formatos de carteira, rotacionar chaves privadas, preparar transferências patrimoniais ou organizar negociações over-the-counter que nunca chegam a tocar exchanges públicas.

A mudança de um endereço legado “1” para um formato SegWit “bc1q” mais recente se encaixa perfeitamente nesse padrão. Essa distinção importa para o impacto no mercado, porque a liquidação OTC absorve a oferta de forma privada, enquanto depósitos em exchanges sinalizam potencial pressão vendedora.

Traders que acompanham o whale ratio em 0,99 têm um cenário mais limpo quando moedas antigas se movem lateralmente, em vez de irem para livros de ordens centralizados.

Atividade Relacionada de Whales Adormecidas Continua a se Acumular Esta é a segunda transferência de sete dígitos de uma carteira adormecida identificada esta semana. Uma carteira separada movimentou 2.931 BTC, avaliados em cerca de $188 milhões, após sete anos de silêncio, quando o Bitcoin era negociado perto de $6.500. A Arkham confirmou que a transferência foi direcionada a um endereço novo e sem rótulo, seguindo o padrão observado esta semana.

Nenhum dos dois grupos apareceu em clusters conhecidos de depósito em exchanges, o que mantém inconclusivas, por ora, as hipóteses de venda. O endereço destinatário permanece passivo até 16 de julho, e os fundos ainda não tocaram em nenhuma plataforma identificada.

O Bitcoin era negociado perto de $64.000 no momento da publicação, uma queda de cerca de 47% em relação às máximas de outubro de 2025. Traders vão observar se o whale ratio se mantém acima de 0,9 e se a carteira destinatária direciona as moedas para exchanges centralizadas nas próximas sessões.

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

Vet, an XRPL validator and director of community at the XRP Ledger Foundation, shared about an XRP Ledger feature that could change how treasury management works.

According to Vet, Permission Delegation is a new functionality for compliance coming to the XRP Ledger soon. The feature will allow users to delegate specific tasks onchain while keeping account keys in cold storage, with Vet adding that "It was born out of the need to manage a treasury."

Permission Delegation is a new functionality for compliance coming to the XRP Ledger soon.

Allowing to delegate specific tasks on chain while keeping account keys in cold storage.

"It was born out of the need to manage a treasury" pic.twitter.com/eSsz2fZu6w

— Vet (@Vet_X0) July 15, 2026 Permission Delegation is the function of granting various permissions to another account to send permissions on behalf of the user's account. Permission Delegation can be used to enable flexible security paradigms such as role-based access control, instead of or alongside techniques such as multi-signing.

You Might Also Like

HOT Stories

Discussions about Permission Delegation date back to 2024. The amendment XLS-75d "Permission Delegation" was introduced in XRPL v2.6.1 but was later disabled in September 2025 due to a bug that allowed an account to charge transaction fees to any other account and could have been maliciously used to drain an account's XRP balance; hence, the feature was not enabled on mainnet.

Vet's recent comments suggest that Permission Delegation might soon be coming to the XRP Ledger, which will unlock fresh potential on the XRPL.

XRP milestonesIn a recent milestone, the fixCleanup3_2_0 amendment — a collection of fixes for Single Asset Vaults, the Lending Protocol, the permissioned DEX, Multi-Purpose Tokens, and permissioned domains — has achieved a majority, entering a two-week activation period on the XRP Ledger with 30 yes votes.

You Might Also Like

The XRP Ledger has surpassed 8 million accounts, thanks to continuous growth. According to XRP Ledger Services, an XRP explorer, the total currently stands at 8,001,658.

CryptoQuant reports that Binance's XRP reserves have hit their lowest level since February this month, falling to 2.61 billion XRP. This suggests a reduced supply of XRP on the world's largest cryptocurrency exchange.

Vet, a validator on the XRP Ledger (XRPL) and director of community at the XRP Ledger Foundation, has highlighted the upcoming “Permission Delegation” feature, which could significantly reshape treasury management on the network. The XRP Ledger Foundation is a non-profit organization supporting the development and adoption of the XRP Ledger through advocacy, ecosystem support, and technical contributions.

Permission Delegation on the horizonVet described Permission Delegation as a soon-to-be-released compliance tool for the XRP Ledger. This functionality would allow XRPL users to delegate specific on-chain tasks to other accounts while keeping their main account keys in cold storage. Vet indicated the feature originated from the need for robust treasury management, aiming to enhance security and usability for users managing substantial funds or institutional resources.

Permission Delegation enables flexible security models, such as role-based access control, supplementing multi-signature techniques.

In practical terms, Permission Delegation lets account holders grant various permissions to another account to perform actions on their behalf. This could provide organizations and individuals with a greater ability to separate duties and mitigate security risks without sacrificing operational flexibility.

Mini dictionary: Permission Delegation, a system allowing users to transfer specific account permissions to other entities, often used for compliance and improving security in blockchain applications.

Initial discussions around Permission Delegation took place in 2024. The XLS-75d amendment introducing the feature was integrated into XRPL version 2.6.1. However, in September 2025, the feature was disabled due to a bug that could allow a malicious actor to drain an account’s entire XRP balance by charging transaction fees to other accounts. As a result, Permission Delegation was not activated on the mainnet.

New milestone: fixCleanup3_2_0 amendmentA recent highlight for the XRP Ledger involves the fixCleanup3_2_0 amendment, a bundled set of updates impacting features such as Single Asset Vaults, the Lending Protocol, the permissioned decentralized exchange (DEX), Multi-Purpose Tokens, and permissioned domains. This amendment reached a majority consensus and has entered a two-week activation period on the network, receiving 30 affirmative votes from the validator community.

FeatureImpact of fixCleanup3_2_0Single Asset VaultsApplies bug fixes and security improvementsLending ProtocolEnhances protocol stability and functionalityPermissioned DEXStrengthens access controls for the decentralized exchangeMulti-Purpose TokensImproves token management and use casesPermissioned DomainsAddresses domain permissioning bugsNetwork growth and exchange reservesThe XRP Ledger has achieved a new milestone by surpassing 8 million accounts. Data from XRP Ledger Services, a blockchain explorer focused on XRP, revealed the current user count has reached 8,001,658, marking steady growth across the network.

Mini dictionary: XRP Ledger Services, an analytics platform and blockchain explorer providing real-time data on XRP network activity and accounts.

At the same time, analytics provider CryptoQuant has reported that Binance’s XRP reserves have dropped to their lowest level since February, now standing at 2.61 billion XRP. This decrease signals a contracting supply of XRP on the world’s largest cryptocurrency exchange.

Binance holds 2.61 billion XRP, the lowest level recorded since February, pointing to shrinking XRP supply on the platform.

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 moved above a major resistance level, signaling a potential shift in market momentum after more than 150 days of steady sideways trading. This breakout is capturing attention among cryptocurrency analysts and investors, as it may mark the end of an extended period of retracement.

Analysts highlight accumulation and shift in sentimentOn-chain data specialist Archie stated that XRP has transitioned out of a consolidation phase, which lasted for over 360 days. Archie suggested that this long correction period provided an opportunity for investor accumulation, forming a possible base for further upward movement and new cycle highs.

XRP’s exit from this lengthy consolidation may signal that market sentiment is shifting decisively in favor of buyers, with a foundation for sustained bullish momentum taking shape.

Many analysts view extended periods of consolidation as a precursor to stronger price movements, especially as sellers diminish and long-term holders increase their positions. The significant push above resistance indicates a possible completion of this transition for XRP.

XRP receives institutional recognitionXRP’s recent positive momentum coincides with its inclusion in Forbes’ list of top four cryptocurrencies to watch, along with Bitcoin, Ethereum, and BNB. This placement reflects XRP’s growing prominence in the digital asset space, driven by Ripple’s cross-border payments network and rising institutional adoption.

Ripple is a US-based technology company known for its digital payment protocols and global payments network, while the XRP Ledger is a decentralized public blockchain used for payments, tokenization, and stablecoins.

Mini dictionary: XRP Ledger, an open-source blockchain focused on fast, cost-effective cross-border payments and token issuance.

Technical patterns support bullish scenarioMarket analyst Gerla pointed out that XRP has confirmed a breakout from a bull flag, a technical chart pattern often seen before an asset continues a prior upward move. Gerla cautioned, however, that this bullish setup must be confirmed by a successful retest of the previous resistance area, which should now act as new support.

Analysts believe that if buyers manage to hold this key level after the breakout, the stage could be set for a push toward $1.24.

At the time of reporting, XRP traded at $1.10, according to CoinCodex, suggesting there is room for additional gains if current buying momentum persists.

PatternImplicationCurrent PriceTarget PriceBull flag breakoutPotential for continuation$1.10$1.24Falling wedge breakoutReversal, end of downtrend$1.10$1.24XRP is also emerging from a falling wedge, another technical formation that frequently signals a reversal and renewed buying interest. As these patterns converge, the likelihood of continued bullish activity has increased.

Outlook and critical levels to watchWith a year-long retracement phase ending and dual technical breakouts underway, XRP’s market outlook has turned more optimistic. Nevertheless, the outcome of the upcoming retest will be crucial in determining whether a sustained uptrend follows.

Several analysts now consider XRP to be in the early stages of a new bull market cycle, with $1.24 identified as a key short-term price target if bulls maintain momentum.

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.

Vincent Van Code, a software engineer and well-known member of the XRP community, has addressed longstanding skepticism regarding the asset’s potential for significant future growth. He directly responded to arguments questioning why major investors are not visibly accumulating XRP if a tenfold or hundredfold price increase is possible.

Institutional accumulation off exchangesVan Code explained that institutional investors have the ability to acquire large amounts of XRP through private transactions, bypassing public cryptocurrency exchanges. These off-market deals, he said, are often invisible to retail participants and do not directly impact exchange trading volumes.

He further suggested that institutional buyers frequently obtain XRP from early holders, some of whom purchased the asset for as little as $0.017. According to Van Code, these long-term investors may be selling significant quantities to institutions seeking a larger allocation without moving the public price.

Addressing the reluctance of prominent investment firms to openly invest in XRP and other digital assets, Van Code noted that internal risk policies remain a significant barrier. Many traditional investment houses still classify cryptocurrencies as speculative and highly volatile, which restricts their involvement regardless of optimistic future outlooks.

Nevertheless, Van Code views the current market environment as a rare window for early adopters. He believes that accumulating XRP for approximately one dollar represents an opportunity to secure exposure at what he considers discounted levels prior to broader institutional adoption.

Van Code emphasized that large investors often use non-public channels to buy XRP, making it difficult for retail traders to detect these moves. He argued that early investors can access opportunities that may not yet be available to mainstream participants.

Mini dictionary: Over-the-counter (OTC) transactions allow investors to trade cryptocurrencies directly with one another, outside of regular exchanges. These deals generally offer higher privacy and can involve much larger volumes compared to traditional exchange trades.

Community comparisons and viewpointsSupporters within the XRP community have echoed Van Code’s perspective. One user, Parker, drew parallels with Bitcoin’s earlier years, pointing out that very few investors accumulated Bitcoin at the $1 level before its price surged.

Parker rejected the notion that the presence of wealthy or institutional buyers automatically precedes large gains, instead attributing breakthrough investment decisions to personal vision and risk tolerance.

Another member, Motorhead, underscored that large investors typically prefer over-the-counter platforms or private pools to conduct high-volume trades rather than utilizing standard retail exchanges. He stressed that such transactions seldom appear in publicly visible order books, keeping much institutional activity out of the spotlight.

Motorhead highlighted that institutional investors tend to use dark pools and OTC markets for their acquisitions, making it unlikely for their purchasing patterns to be obvious to average traders.

Wee Willy, another participant in the discussion, stated that he intends to continue accumulating XRP even if the asset’s price increases to five dollars. He expressed regret about not being able to invest more and shared a similar optimism toward other cryptocurrencies considered compliant with ISO standards. He argued that today’s retail investors have unprecedented access to opportunities that were once limited to high-net-worth individuals or institutions.

The debate over institutional involvement in XRP exposes the varied strategies and considerations shaping today’s digital asset markets. While some view the current environment as a unique entry point, others point to persisting barriers that keep most major firms on the sidelines.

Type of AccumulationVisibility to PublicBuyer ProfilePublic Exchange PurchaseHighRetail, small institutionsOTC/Private TransactionsLowLarge investors, institutionsDisclaimer: 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.

Ripple (XRP) is retracing toward its nearest technical support level of $1.10 as of Thursday. The remittance token has taken a breather after the macro-driven rally earlier in the week.

Interest in XRP remains modest amid easing US inflationSigns of inflation easing in the United States (US) have had a notable boost to risk assets. On Tuesday, the Bureau of Labor Statistics (BLS) CPI report showed that inflation fell by 0.4% in June on a seasonally adjusted basis, marking the sharpest monthly decrease since April 2020.

If risk-on sentiment steadily increases, demand for risk assets, including XRP, would grow, intensifying the tailwind and supporting recovery in the short to medium term. Appetite for crypto assets increased only marginally, as reflected in the Fear & Greed Index. The index is embedded in the Extreme Fear territory at 25 on Thursday, up from 22 the day before. 

Crypto Fear & Greed Index | Source: AlternativeXRP retail demand shows marginal improvement, as perpetual futures OI expands to 2.21 billion XRP on Thursday, up from 2.2 billion XRP the previous day.

Despite the mild increase, CoinGlass data shows that the OI holds below the June peak of 2.28 billion XRP. This implies that steady retail demand is critical to stabilizing XRP’s short- to medium-term outlook.

XRP Futures OI | Source: CoinGlassInstitutional appetite for XRP spot ETFs continued to wane on Thursday, evidenced by muted trading activity on Monday, Tuesday, Wednesday and Thursday. The most recent inflows of just $107,000 occurred last Friday, while cumulative deposits remain at $1.48 billion and total net assets at $1 billion, underscoring relative diminishing demand from institutional players in the prevailing market environment.

XRP ETF flows | Source: SoSoValueRipple analysis: XRP stays near key supportXRP trades above $1.10, retaining a bearish near-term bias as price holds below the key Exponential Moving Averages (EMAs), with the 50-day EMA at $1.16 and the 100-day EMA at $1.25 acting as overhead dynamic resistance, well under the longer-term 200-day EMA at $1.46.

The spot price is hovering just above the Bollinger Bands’ middle baseline at $1.10, suggesting only modest near-term support, while the Relative Strength Index (RSI) around 48 keeps momentum neutral and the Moving Average Convergence Divergence (MACD) shows a small positive reading, hinting at a weak recovery attempt that remains structurally capped.

XRP/USDT daily chartOn the topside, initial resistance is seen at the 50-day EMA at $1.16, followed closely by the Bollinger upper band near $1.17, forming a first supply cluster before the 100-day EMA at $1.25 and the 200-day EMA at $1.46 reinforce the broader bearish structure, with the legacy downward trend line anchored at $1.55 marking a far more distant barrier. On the downside, immediate support lies around the former trendline break level at $1.10, ahead of the Bollinger middle band at $1.10, while a deeper slide would expose the lower Bollinger band at $1.03 as the next significant demand zone.

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

Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.

Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.

Crypto analyst EGRAG CRYPTO has identified a critical technical setup for XRP, pointing to a significant compression zone that could determine the asset’s upcoming price direction.

XRP Trades Between 33 EMA and 111 SMAEGRAG CRYPTO, a widely followed market analyst specializing in technical charts, shared fresh analysis of XRP’s 3-week chart. The analysis emphasizes that XRP’s price is currently “trapped” between two long-term moving averages—the 33-period exponential moving average (EMA) above and the 111-period simple moving average (SMA) below.

He described this area as a “compression zone,” marking it as a region where major accumulation and consolidation has historically taken place ahead of sharp price advances.

EGRAG CRYPTO stated that, “On the 3-week chart, XRP is trapped between two critical macro indicators: 33 EMA and 111 SMA. Historically, this zone has acted as a major compression and accumulation structure.”

On the 3-week chart, XRP is trapped between two critical macro indicators: 33 EMA and 111 SMA. Historically, this zone has acted as a major compression and accumulation structure.

The technical focus on the 33 EMA and 111 SMA is intended to filter out short-term volatility and provide insight into larger market trends.

Mini dictionary: 33 EMA and 111 SMA, commonly used moving averages in technical analysis, help identify long-term price support and resistance zones.

XRP’s Historical Corrections are ShrinkingEGRAG CRYPTO compared the scale of corrections across several previous market cycles for XRP. The chart’s first major pullback showed a drop of 46%, the second fell 32%, and the current phase has so far marked a decline of around 21%.

Market CycleCorrection (%)First-46%Second-32%Current-21% (ongoing)The analyst suggested this pattern indicates weakening selling pressure, as the depth of each new correction becomes smaller. XRP has managed to hold above a multi-year rising trendline through the latest downturn.

Key Technical Levels and Resistance ZonesEGRAG CRYPTO highlighted several technical milestones he considers critical for any major breakout. He underscored the importance of holding support at the 111 SMA, reclaiming the 33 EMA overhead, and then breaking above a resistance area spanning $1.60 to $2. Previous attempts to clear this zone have not resulted in a lasting rally. He suggested that a sustained move above this area would confirm a completed consolidation and set the stage for a potential strong uptrend.

The analysis suggests XRP needs to hold the 111 SMA, reclaim the 33 EMA, then decisively cross the $1.60-$2 range. Only then could the asset attempt a major breakout.

The horizontal resistance zone near $1.60 to $2 has proven to be a major supply area. According to the chart, only a decisive move above this range could trigger larger upside moves for the asset.

Potential Price Targets After BreakoutIf XRP manages to confirm a breakout above the resistance, the analysis sets post-breakout price targets at $17, $27, $35, and a “Perfect Measured Move” at $42. These targets are based on technical projections and historic long-term consolidation periods, which, according to the analyst, have preceded sizable advances in past cycles.

Rather than depending on short-term fluctuations, this outlook prioritizes repeating technical patterns that have emerged across multiple market cycles in $XRP.

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.

Cryptocurrencies are broadly consolidating on Thursday, while Bitcoin (BTC) retreats toward support at $64,000. Ethereum (ETH) hovers below $1,800, with its upside seemingly limited, following a macro-driven rally. Meanwhile, Ripple (XRP) sits on top of the reclaimed $1.10 support, reflecting the broader cool-down in the market.

Retail interest softens, weighing on broader market sentimentRetail interest in Bitcoin is losing momentum, as the perpetual futures Open Interest (OI) has shrunk to 747,000 BTC on Thursday, down from 755,000 BTC the previous day.  If the current correction persists, overhead pressure could limit BTC’s recovery and deepen the pullback below $64,000.

Bitcoin Futures OI | Source: CoinGlassEthereum derivatives paint a picture similar to Bitcoin's, with perpetual futures OI rising marginally to 14.36 million ETH on Thursday from 14.3 million ETH the day before. However, a broader scope shows a persistent decline from nearly 16 million ETH on May 28.

Ethereum Futures OI | Source: CoinGlassRetail demand also shows marginal improvement, as perpetual futures OI expands to 2.21 billion XRP on Thursday, up from 2.2 billion XRP the previous day.

Despite the mild increase, CoinGlass data shows that the OI holds below the June peak of 2.28 billion XRP. This implies that steady retail demand is critical to stabilizing XRP’s short- to medium-term outlook.

XRP Futures OI | Source: CoinGlassBitcoin analysis: Bitcoin rallies remain vulnerable Bitcoin trades above $64,000 following a correction from its weekly high of $65,600. The price holds below the 50-day, 100-day and 200-day Moving Average Exponential (EMA) at $65,119, $68,446 and $74,480 respectively. This alignment of key EMAs overhead suggests rallies remain vulnerable, even as the Relative Strength Index (RSI) indicator at 53 and the Moving Average Convergence Divergence (MACD) above zero with a positive line reading around 431 hint at mildly improving momentum rather than a decisive bullish shift.

BTC/USDT daily chartInitial resistance lies at the 50-day EMA near $65,119, followed by the 100-day EMA at $68,446 and then the 200-day EMA at $74,480 as a broader trend cap. On the downside, the Parabolic SAR at $62,272 offers the first notable support, and a daily close below this level would likely expose deeper retracement as buyers lose their most immediate technical floor.

Altcoins outlook: XRP struggle to build momentumEthereum hovers near $1,900, retaining a bullish near-term bias as price holds above the 50-day Exponential Moving Average (EMA) at $1,811 and the Parabolic SAR at $1,773. The pair is still capped by the 100-day EMA at $1,944., while the longer-term 200-day EMA at $2,190 looms as a broader structural barrier.

Momentum remains constructive, with the RSI at 63 leaning toward overbought territory and the MACD above zero with a positive reading around 24, which together suggest persistent buying interest but also raise the risk of a pause or shallow correction.

ETH/USDT daily chartImmediate support is lies at the 50-day EMA near $1,811, followed by the latest Parabolic SAR signal at about $1,773, where dip-buying could re-emerge if volatility picks up. On the topside, initial resistance aligns at the 100-day EMA around $1,944. A sustained break above this level would open the door for a push toward the 200-day EMA near $2,190, a zone that would likely attract profit-taking and test the strength of the current recovery phase.

XRP, on the other hand, trades above $1.10, retaining a bearish near-term bias as price sits beneath the key moving averages. The 50-day EMA at $1.16 is the first overhead cap, followed by the Bollinger Bands upper band near $1.17, while the 100-EMA at $1.25 and 200-EMA at $1.46 reinforce a broader downtrend structure.

The RSI at 48 is neutral, and the MACD holds slightly positive territory with a modestly bullish reading, hinting that downside pressure is moderating rather than reversing.

ETH/USDT daily chartOn the downside, immediate support aligns with the Bollinger Bands middle band at $1.10, just below spot, with the lower band near $1.03 acting as a deeper cushion if selling resumes. On the topside, a sustained break above the 50-EMA at $1.16 would be the first signal that bears are losing control, opening the way toward the $1.17 Bollinger upper band. A recovery above the 100-EMA at $1.25 would start to challenge the prevailing bearish framework defined by the distant 200-EMA at $1.46.

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

Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.

Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.

Enso says it found two real pools, on Ethereum and Polygon, engineered to pass a wallet’s pre-trade simulation with an attractive quote and then execute at a worse rate.

Posted July 16, 2026 at 9:00 am EST.

A new piece of research says some DeFi liquidity pools are built to lie to the software that routes a user’s trade.

Enso, an onchain development firm, published research on Thursday describing what it calls “toxic pools,” malicious pools that show an accurate, attractive price when a wallet or trading app simulates a swap, then deliver a materially worse result once the transaction is mined.

How the trick works Most wallets and aggregators decide which route offers the best price by simulating a trade before sending it. A toxic pool is engineered to game that step: it returns a strong quote during the simulation, so routing systems pick it, then behaves differently on-chain. Unlike ordinary slippage or MEV, the deception targets the quote itself, Enso said.

“The industry has spent years optimizing price discovery,” said Milos Costantini, Enso’s co-founder and chief product officer, in a statement accompanying the report he co-authored. “Our findings suggest the next challenge is verifying execution integrity. If transaction simulations can be manipulated while real execution tells a different story, we need better ways to verify what users actually receive.”

What the data shows Enso documented two cases. A manipulated Curve pool on Ethereum processed more than 129,000 swaps at worse-than-quoted rates, which Enso estimated overstated quotes by roughly $225,000 and burned close to $30,000 in gas on failed transactions. A separate Uniswap v4 hook on Polygon failed 99.1% of the time, repeatedly luring routers before reverting. Enso put the attacker’s realized profit across both pools at about $34,600.

Both pools have since gone quiet, with the Polygon one disabled in May and the Curve pool active through late June. But Enso said the same operator deployed other contracts, suggesting the technique can be repeated, and it found the Ethereum pool alternated between honest and manipulated behavior, so a single check would not catch it.

A vendor with a fix The disclosure comes as Enso expands Enso Shield, a product it sells to detect exactly this kind of manipulation. The company, which says it has helped settle more than $15 billion onchain, framed the finding as an industry-wide problem and called for independent validation, noting it worked with contacts at Curve and Oku.

Unchained has previously covered how MEV bots quietly extract value from ordinary DeFi trades.

Related Listen: DEX in the City: Why the Market Structure Bill May Not Be Good for DeFi

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

Altcoins

16 July 2026 | 16:51 Ethereum is retesting key Fibonacci level after a breakout attempt, with bullish momentum and whale profitability supporting continuation while overhead moving averages keep nearby reversal risk elevated.

Ethereum broke above two resistance levels on July 15 but failed to secure a daily close above the second, triggering a pullback toward the breakout area. ETH is now trading near $1,876 on July 16, almost directly on the 0.382 Fibonacci retracement at approximately $1,872.

The level has shifted from resistance into potential support. Holding it could confirm that buyers remain in control after the breakout, while losing it will probably expose the former July consolidation ceiling near $1,810.

Key Takeaways $1,872 now defines breakout confirmation. $1,940-1,960 is the first upside target. Losing $1,810 reopens lower support. Whale profitability supports, but cannot confirm, reversal. The Breakout Now Depends on $1,872 The failure to close above the second resistance level does not invalidate the breakout on its own. Price has returned to the first important support created by the move rather than falling immediately back into the previous range.

According to post on X from Filip Vantchev, owner of Coindoo, successful retest of $1,872 would establish the 0.382 Fibonacci level as support and increase the probability of another advance. The first upside area sits between $1,940 and $1,960, followed by a stronger confluence between $1,985 and $2,000, where the 0.5 Fibonacci retracement meets the 100-day simple moving average.

Daily Ethereum technical chart. The $1,810 level previously capped ETH for nearly 10 days before the breakout. A daily close below it is able place price back under the July consolidation ceiling and open a deeper pullback toward $1,720–1,745, where the 0.236 Fibonacci level aligns with the 50-day SMA.

Momentum Favors Buyers Without Looking Overheated The 14-day Relative Strength Index stands at 60.9 and remains above its signal line. Momentum therefore favors the bullish scenario, but the reading is not yet high enough to indicate an overheated market.

That gives ETH room to continue higher if the retest succeeds. Momentum alone cannot establish a broader trend reversal, particularly with the 100-day SMA near $2,000 and the 200-day SMA around $2,100 still above price.

Those moving averages form the more important structural test. ETH can confirm a short-term breakout above $1,872 while still remaining inside a broader downtrend until it begins reclaiming the resistance clustered around $2,000 and $2,100.

Whales Have Returned to Unrealized Profit CryptoQuant data shared by analyst Darkfost adds support to the bullish case. Ethereum whales holding more than 100,000 ETH have returned to an unrealized-profit state following the rebound, while their holding ratios have reached record highs.

ETH whales’ unrealized profit ratio chart. Historically, periods in which this cohort moved into unrealized losses were rare and appeared near cycle bottoms. Previous returns to profitability coincided with either a broader rally or a shorter-term market rebound.

The metric suggests that the recovery has moved large holders back above their estimated cost basis. That can reduce immediate financial pressure on the cohort and is consistent with an improving market structure.

The historical sample is limited, however. The pattern is based on roughly three previous episodes, too few to establish that whale profitability reliably identifies a lasting bottom. It also cannot override the technical resistance created by the 100-day and 200-day moving averages.

ETH’s Breakout Has a Narrow Window to Prove Itself The cleanest confirmation would be a daily close holding above $1,872 within the next days.

A daily close below $1,810 would deny the setup. Price could return beneath the July consolidation ceiling, repeating the failure pattern that restricted ETH through early July and shifting attention toward the $1,720-1,745 support zone.

Until either condition is met, the setup remains constructive but unconfirmed. Momentum and whale profitability favor buyers, while the broader downtrend and overhead moving averages continue to limit how far the current rebound can be interpreted as a structural reversal.

The information provided in this article is for educational purposes only and does not constitute financial, investment or trading 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.

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

Roughly $1.45 billion worth of Bitcoin and Ethereum options are set to expire on Deribit.

Traders will be closely watching this event since it could trigger more volatility. 

According to Deribit, approximately $1.23 billion in Bitcoin options and $218 million in Ethereum options will expire at 08:00 UTC on Friday. 

HOT Stories

What an options expiry meansOptions are derivative contracts that make it possible for traders the right to buy or sell an asset at a predetermined price before a specified expiration date.

Traders often close, roll over, or hedge their positions when options contracts expire. Hence, this repositioning can potentially increase volatility. 

You Might Also Like

Deribit noted that the event could create favorable conditions for traders using short-dated options. "This floods the market with liquidity and volatility, creating prime conditions for trading short-dated options on Deribit."

What the metrics showTraders typically pay close attention to the put-to-call ratio, which compares bearish put options with bullish call options.

Bitcoin's ratio of 0.86 indicates there are more call options than puts outstanding. Market players remain relatively bullish on BTC heading into expiry.

Ethereum, by contrast, has a 1.54 put-to-call ratio. This shows greater demand for downside protection or bearish positioning.

For this expiry, Bitcoin's max pain level stands at $62,500 (Ethereum's is $1,750). Markets do not necessarily gravitate toward these levels, but traders often monitor them due to the fact that prices can sometimes drift toward max pain. 

Short-dated options gain popularityDeribit has also noted that there is growing activity in weekly contracts. "Big open interest is building into tomorrow's weekly expiry on Deribit."

The exchange added that short-dated options have become increasingly popular among traders employing gamma scalping. This is a strategy involving buying and selling the underlying asset to hedge options exposure and profit from sharp price movements.

Pi Network price held above $0.075 on Thursday as buyers defended the lower boundary of a falling channel. Selling pressure eased near $0.073, while broader market weakness limited recovery momentum. 

Bitcoin price traded near $64,000, Ethereum stayed above $1,870, and XRP held $1.10. Meanwhile, traders focused on the Protocol v25 upgrade scheduled for July 22 across the expanding ecosystem.

Upcoming Protocol v25 Upgrade Brings New Features Pi Coin price confirmed Protocol v25 will launch on July 22 after several weeks without a major development update. The launch focuses on enhanced network stability, reliability, and smart contract performance throughout its mobile-first blockchain ecosystem.

On July 22, Pi is scheduled to upgrade to Protocol v25, which primarily focuses on improving network stability and reliability, and supports new capabilities for more efficient, privacy-preserving smart contracts.

Go to the Pi mining app to learn more! pic.twitter.com/Btg8aEFAFh

— Pi Network (@PiCoreTeam) July 15, 2026

The protocol release will provide developers with BN254 cryptography and Poseidon hashing. The tools facilitate zero-knowledge applications and secure user information throughout the execution of the contract and blockchain interactions.

Smart contracts that are privacy-preserving may assist applications to handle sensitive data without revealing personal information on public records. The protocol v25 can also be used to facilitate faster transactions as Pi Network targets wider ecosystem milestones.

Adoption will however, be pegged on the activity of the developers, the growth of the applications, and also the stable performance once it is fully activated.

Pi Network Price Outlook Shows Rebound Potential Pi Network price is within a falling channel, but the recent stagnation indicates bearish consolidation is weakening. The support is being defended by buyers at around $0.073 and may give support to a short term recovery.

A long-term push beyond $0.075 can lead to the buyers attacking the middle level of the channel.

However, the crypto market remains pressured after losing 1.67% and falling toward a $2.21 trillion valuation. Bitcoin price consolidation near $64,000 has also reduced risk appetite across smaller digital assets.

Pi Network has a chance to recover in case Protocol v25 becomes more confidence-enhancing and the situation with the wider market stabilizes. The inability to hold $0.073 could put the token at risk of renewed selling and further downside force.

PI Coin Price Consolidates at $0.077: Is a Major Recovery Ahead? PI coin price stood at 0.077 on Thursday and was near a major four-hour support zone. The MACD line has crossed above the signal line, creating a small positive histogram reading.

This crossover indicates that selling pressure is weakening, but both lines are below the level of the neutral. The Chaikin Money Flow is close to less than 0.01, indicating that the selling and buying flows are almost equal.

PI needs to regain the $0.080 level to solidify its emerging recovery and draw new purchasing attention. A prolonged rally beyond the $0.080 level would reveal the recent swing zone between the $0.083 to $0.085.  Additional gains can be then aimed at $0.090 that once served as a significant support level.

Source: Tradingview Breaking $0.090 could open the path toward the major psychological resistance at $0.10 as per the future Pi coin outlook. But any failure to hold $0.074 may undermine the recovery and pressure it more towards $0.070. Further depreciation can bring the recent market minimum of around $0.066 back into the focus of traders.

T. Rowe Price, which manages nearly $2 trillion in assets, has launched the first active crypto ETF, which provides exposure to crypto assets such as Bitcoin, Ethereum, XRP, and Hyperliquid. Bloomberg analyst Eric Balchunas had previously said that this launch was notable because the asset manager was the largest active manager to enter the crypto space.

T. Rowe Price Unveils First Active Crypto ETF In a press release, the asset manager announced the launch of the first active crypto ETF, which began trading on the NYSE Arca today under the ticker TKNZ. “The fund is the first actively managed multi-token spot exchange-traded product* offered in the marketplace,” the firm noted.

The T. Rowe Price Active Crypto ETF notably offers exposure to Bitcoin, Ethereum, BNB, XRP, Solana, and Hyperliquid. The Fund will also hold top meme coins Dogecoin and Shiba Inu, making it the first U.S. Fund to offer spot exposure to SHIB.

The asset manager also noted that the crypto ETF is designed to capitalize on emerging trends, momentum-driven rallies, and market rotations among crypto assets. Meanwhile, the Fund will offer a net fee waiver, which will be effective until May 31, 2027. The management fee during this period will be 0.75%.

The T. Rowe Price Active Crypto ETF joins a host of other crypto ETFs that have launched this year, including the Hyperliquid ETFs. As CoinGape reported, Morgan Stanley’s Ethereum and Solana ETFs are about to launch, with the Wall Street giant filing amendments to its S-1.

‘Smart Timing’ For The ETF Launch Bloomberg analyst Eric Balchunas commended T. Rowe Price for the timing of the launch of its active crypto ETF. “I think they were smart with the timing- waiting till the Oct selloff dust settled a bit,” he said in an X post.

T Rowe Price’s Active Crypto ETF $TKNZ is ready for launch. Any day now, I’d guess Thursday. I think they were smart with the timing- waiting till the Oct selloff dust settled a bit. pic.twitter.com/5LZO5WHrqn

— Eric Balchunas (@EricBalchunas) July 14, 2026

It is worth noting that the SEC had approved the crypto ETF last month but waited until now to launch the Fund. The asset manager had first filed for the month in October last year, around the time of the infamous crypto crash.

Meanwhile, Balchunas had previously said that the T. Rowe Price Active Crypto ETF was notable because the asset manager was “by far the biggest active manager to apply their active prowess to this space.”

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

Dogecoin has completed a golden cross on its hourly charts, but the timing of the formation has traders watching closely for what comes next.

The MA 50 rose above the MA 200 on the hourly chart, completing a golden cross. This signal comes as the market faces fresh selling pressure, with Dogecoin itself trading in the red on a daily basis.

DOGE/USD Hourly Chart, Image By TradingViewThe crypto market extended selling on Thursday, after Bitcoin rose to a monthly high of $65,500 on Wednesday, prompting some traders to take profits. On Thursday, investors will be monitoring retail sales data and jobless claims for further signs on the health of the economy.

HOT Stories

Two levels in focusDogecoin sharply rose to $0.075 on Tuesday, but has since retreated. At the time of writing, DOGE was down 1.45% in the last 24 hours to $0.072 and up 0.62% weekly, according to CoinMarketCap.

The RSI stays below 50 on most timeframes; on the hourly chart, the RSI is at 37, a negative level which suggests a slight advantage to the bears.

You Might Also Like

With the market flashing mixed signals, Dogecoin price might trend in either direction. Two levels come into focus: the resistance at $0.081 and the support at $0.069.

CoinMarketCap's "Altcoin Season" indicator remains range-bound, currently at 48/100 after dropping from 58/100 on Monday as investors moved focus back to Bitcoin.

Traders are watching out for a potential death cross on the weekly chart, which is set to appear in the coming weeks. The last weekly death cross appeared in February 2023, with traders now watching for a potential repeat of history.

In recent news, the Dogecoin Foundation's official corporate arm, House of Doge, has announced its Board of Directors. This includes leaders in institutional asset management, global consumer operations, and the digital asset industry.

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.

This site is protected by reCAPTCHA.