Demis Hassabis, CEO of Google DeepMind, has advocated for the establishment of a U.S. Frontier AI Standards Body to conduct testing of AI models concerning national security before their deployment in the market. This proposal aligns with President Trump’s Executive Order 14409, which initiated a voluntary 30-day pre-release review framework for “covered frontier models.” Hassabis’s suggestion, however, aims to formalize and eventually mandate this review process through a newly proposed regulatory body. This development appears to be potentially influencing Trump’s AI review process, impacting the odds on related prediction markets.
The current U.S. framework for AI governance is primarily voluntary, with the CAISI under the Commerce Department conducting evaluations through agreements. Hassabis’s proposal would transition this to a mandatory framework upon the formalization of standards. This move is perceived as aligning with national security priorities, suggesting a moderate shift in market odds regarding the federal review of AI model releases ordered by Trump.
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The market on whether Trump will mandate a federal review of AI model releases by July 31 is currently priced at 7% for a YES outcome. This low probability reflects uncertainty around the timing and scope of the proposed regulatory changes and their potential influence on existing executive orders.
Key Takeaways Hassabis’s call for a Frontier AI Standards Body suggests a shift towards more formalized and mandatory AI model reviews, impacting market perceptions. The proposal aligns with existing voluntary frameworks but introduces a potential regulatory body focused on national security. Market pricing suggests a moderate increase in the likelihood of Trump’s review process aligning with these new regulatory priorities. What to Watch Any official announcements from the White House or the Commerce Department regarding changes to the AI model review process will be important to monitor. The establishment of the proposed Frontier AI Standards Body could indicate a shift towards mandatory reviews, potentially impacting the existing odds. Additionally, the resolution of the market concerning Trump’s federal review deadline by July 31 will provide further clarity on the administration’s stance and regulatory approach.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Let me tell you about a highway that got built next to a toll road. Years ago, Ethereum was expensive to use, so engineers built Arbitrum: same destination, fraction of the cost. Billions of dollars drove across it. The token that came with the highway, ARB, was once one of the most anticipated launches in crypto and once commanded a top-40 valuation. Today it costs less than a dime. And this week, in a market where nearly everything bled, the forgotten highway token quietly gained 13.8%. That combination, total abandonment plus sudden relative strength, is exactly the kind of chart this page exists to examine honestly.
ARB trades at $0.08989 as of July 14, 2026, per CoinGecko. Market cap: $572 million, rank 87. 24-hour change: minus 3.4%. 7-day change: plus 13.8%. Volume: $72.9 million.
The Unique Angle: a 13.8% green week inside a 5% red market Context is what makes this move interesting. The global crypto market fell around 5% this week. Solana dropped double digits. Bitcoin slid toward $60,000 on Middle East tensions and inflation nerves. And ARB, the coin the market spent two years walking away from, outperformed almost everything above it.
It was not alone, and the company it kept tells the story. This week’s gainers list reads like a museum of abandoned narratives: DeXe, Zcash last week, Uniswap, Bitcoin Cash, and now the fallen L2. The rotation we have been tracking on this site for a week, capital sliding into old, liquid, ignored names, has reached the layer-2 shelf. ARB is the cheapest famous thing on that shelf.
And here is the number that separates ARB from the stealth rallies we covered earlier. Bitcoin Cash climbed on 2.1% turnover, a rally with no crowd. ARB’s $72.9 million of daily volume against a $572 million cap is 12.7% turnover, one of the highest participation ratios among this month’s movers. People are not drifting into ARB. They are trading it, actively, in size relative to its cap. Whatever this move is, it is not happening in an empty room.
The counterweight, because this page always carries one: high turnover in a fallen token can also mean churn, traders scalping a bounce with no intention of staying. Participation proves attention has returned. It does not prove conviction has.
The One Number That Matters Rank 87. Arbitrum, the largest Ethereum layer-2 by most historical measures of activity, is the 87th most valuable token in crypto.
Sit with that, because it is the entire investment debate in one line. The bull reading: this is a category-defining piece of infrastructure priced like an afterthought, at $572 million, roughly a quarter of what Uniswap costs and a fraction of a percent of Ethereum itself. If the market ever again pays for L2 activity, the repricing distance is enormous; the token traded above $2 at its early-2024 peak, more than twenty times today’s price. The bear reading: rank 87 is not a mistake, it is a verdict. The market spent two years concluding that L2 tokens capture almost none of the value flowing across their highways, and ARB’s collapse is that conclusion, priced. A cheap toll token on a busy road is only a bargain if the token ever collects the toll.
Price Prediction Scenarios Conditions, as always, not conjured numbers.
Base case: the rotation bounce with a ceiling. ARB rides the old-guard rotation while it lasts, chopping between $0.08 and $0.10 with high turnover. The dime, $0.10, is the round psychological wall, and fallen tokens habitually stall at their first big round number while early bouncers take profit.
Bull case: the reprice. If the rotation broadens into a real alt cycle and Ethereum strength returns, the L2 shelf gets repriced as a group, and ARB, as the famous name on it, gets bought first. Above $0.10 with turnover holding near current levels, the next reference zones sit in the mid teens of cents where prior holders live. Let me label it plainly: the path beyond that depends on the value-capture question resolving in the token’s favor, and that is speculation about governance and fee decisions, not chart analysis.
Bear case: the dead-cat verdict. Bounces in abandoned tokens fail more often than they stick. If the macro storm extends, rotation money leaves the speculative shelf first, and ARB losing $0.08 would mark this week as churn, not change. Below $0.08 the chart returns to its long program of lower lows, and the next update of this page will be shorter and sadder.
Key Levels Support: $0.08, the line the whole bounce stands on. Resistance: $0.10, the dime, the first round number and the first real test. The band is narrow in cents and wide in percent, which is the nature of assets at this altitude: a two-cent move is a 22% event. Size for that.
Both Sides of the Highway The bull case: genuine infrastructure with real usage, the highest turnover among this month’s rotation names, a 13.8% counter-market week, and a twenty-fold gap to its own former price as the measure of what a narrative revival could reprice. The bear case: two years of relentless decline reflecting a real doubt about whether the token captures any value at all, the risk that this week is scalpers churning a bounce, and a macro backdrop actively hostile to speculative recoveries. Both cases are honest. The dime will referee them.
Bottom Line ARB at $0.08989 is the market testing whether it regrets anything. The bounce has real participation behind it, the rotation context supports it, and the round number above will tell us quickly whether attention is becoming conviction. Above $0.10, the revival conversation starts. Below $0.08, the market’s two-year verdict stands. The highway keeps running either way. The question, as it has always been with ARB, is whether the token ever gets paid for the traffic.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
Frequently Asked Questions What is the Arbitrum price today? ARB trades at $0.08989 as of July 14, 2026, down 3.4% in 24 hours but up 13.8% over the week, with a $572 million market cap at rank 87.
Why is Arbitrum going up this week? ARB rose 13.8% while the broad market fell about 5%, with high participation: daily volume near 12.7% of its market cap. The move fits the wider rotation into older, liquid, heavily discounted names seen across the market this month.
Why did ARB fall so much from its highs? ARB traded above $2 at its early-2024 peak and now sits more than twenty times lower. The prolonged decline reflects market doubts about how much value layer-2 tokens capture from network activity, plus successive supply unlocks over time.
Can Arbitrum reach $1 again? $1 is roughly eleven times today's price and would require both a full alt cycle and a resolution of the token value-capture question. Treat it as a distant bull scenario, not a 2026 expectation.
Is Arbitrum still used? Arbitrum remains one of the largest Ethereum layer-2 networks by activity. The gap between network usage and token price is precisely the debate this page describes; verify current network metrics before leaning on either side.
Is ARB a good investment in 2026? ARB offers a famous-name recovery trade with real volume behind this week's bounce, against two years of decline and an unresolved value-capture question. High risk, clearly defined levels: interesting above $0.08, confirmed above $0.10.
The Robinhood Chain project has brought attention to the gap between user fees collected by Layer 2 blockchains and the revenue generated for the Ethereum mainnet. Recent data reveals a striking disparity, with users paying substantial fees while Ethereum receives only a fraction as compensation for settlement and data availability services.
Layer 2 Fee Flows: Robinhood versus EthereumUser fees on the Robinhood Chain surpassed $800,000, yet only about $1,600 was routed to Ethereum. According to statistics shared by Ethereum Daily, the user fee for the given period totaled $843,000, while the amount passed on to the Ethereum network reached just under $1,600, covering the costs of data availability and settlement.
Crypto analyst Lorenzo Valente referenced an earlier set of figures, noting that Robinhood Chain generated approximately $816,000 in total fees at that time, with $1,538 remitted to Ethereum. Valente attributed 89% of the revenue to Robinhood, 10% to Arbitrum, and only 0.15% to Ethereum, illustrating the current distribution of fee income among participants in the chain’s ecosystem.
This arrangement has led some observers to question whether Robinhood Chain is providing significant value to Ethereum. Concerns stem from the fact that most of the revenue remains within the Layer 2 and the connected Arbitrum ecosystem, with Ethereum seeing only minimal direct financial benefit.
Valente highlighted the efficiency of Robinhood Chain’s revenue model, noting that Robinhood captures the majority of user-paid fees, leaving Ethereum’s share comparatively negligible.
Mini dictionary: Robinhood Chain is a Layer 2 scaling solution for Ethereum, built on Arbitrum, designed to offer lower fees and faster transactions for real asset trading and decentralized finance.
EntityFees Received ($)Share of Revenue (%)Robinhood Chain~843,00089Arbitrum~94,00010Ethereum~1,6000.15Arbitrum’s Role and Revenue DistributionThe Robinhood Chain leverages Arbitrum, a prominent Ethereum Layer 2 technology, to transmit transactions to the Ethereum mainnet for finalization. The revenue sharing structure allocates 10% of protocol income to the Arbitrum ecosystem, with 8% directed to the ecosystem’s decentralized autonomous organization (DAO) treasury and 2% reserved for developer incentives. This demonstrates Robinhood Chain’s contribution to Arbitrum’s revenue while keeping Ethereum’s share to a minimum.
Ethereum Daily pointed out that fee revenue does not capture the full impact of Robinhood Chain’s activity. Robinhood has enabled stock token trading via its wallet in over 120 countries, expanding user access to tokenized stocks and decentralized applications, such as lending and collateral platforms.
Eligible users can engage in round-the-clock trading and participate in decentralized finance products, further expanding Robinhood Chain’s service offerings and user engagement.
Implications for ETH Demand and LiquidityThe network recorded $70 million in bridged Ether and $100 million in total value locked (TVL) in its early days, signaling rapid adoption. Uniswap, an established decentralized exchange and core Robinhood Chain partner, saw daily volumes approach $500 million as liquidity flowed in through various incentive initiatives, lending products, and transactional growth.
With the Robinhood Chain using ETH as its native gas token, an increase in network activity could drive meaningful demand for ETH as a transactional, collateral, and staking asset. The rising volume of ETH bridged from Ethereum to Robinhood Chain—having surged approximately 70-fold in one week past the $70 million mark—illustrates the pace of adoption and potential impact on ETH markets.
Nevertheless, the most significant share of fee revenue remains with Robinhood Chain and the Arbitrum ecosystem, with Ethereum’s income from user fees continuing to lag behind transaction growth. The long-term effect will depend on whether the platform’s expansion translates into sustained demand for ETH for essential network functions.
Joe Lubin, Ethereum co-founder, has emphasized the importance of low fees on Ethereum Layer 1 to foster broader growth and encourage expanded use of both mainnet and Layer 2 solutions.
Lubin argues that broader Ethereum adoption—across mainnet, Layer 2 networks, and private chains—will increase the overall use of ETH for gas, collateral, and staking. As network usage grows, more ETH can also be removed from circulating supply through transaction burns, potentially benefiting holders in the longer term.
Robinhood publicly launched the mainnet of Robinhood Chain on July 1. The project aims to facilitate trading in real assets, decentralized finance products, and tokenized stocks—supported by technology partners like Uniswap, Chainlink, and Morpho—while leveraging Arbitrum’s Layer 2 infrastructure for scaling.
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.
Seized Bitcoin, Ethereum MovesIn a similar development, an address containing Bitcoin seized from the defunct cryptocurrency exchange BTC-e moved $57.27 million in BTC.
Another wallet linked to Brian Krewson, the Oracle employee convicted of laundering millions in cryptocurrency for convicted drug traffickers, directly moved 30,000 ETH, worth $53 million, to Coinbase Prime.
“Will they be selling it all?” Arkham sparked intrigue, though no conclusive evidence supported it at the time of writing.
Big Sell Pressure Incoming?Movements from wallets tied to the government are not unusual. In the past, the Federal government has sold or auctioned cryptocurrencies it acquired through law enforcement actions, criminal probes, and asset seizures.
A notable example is billionaire Tim Draper, who bought nearly 30,000 BTC seized from the Silk Road darknet market by the U.S. Marshals Service, a Department of Justice agency, in 2014.
The USMS didn’t immediately return Benzinga’s request for confirmation on the latest transfer.
US Government: A BTC HODLer?The U.S. government holds 324,552 BTC, worth approximately $20.27 billion, and 28,394 ETH valued at $50.51 million, according to Arkham data.
Last year, President Donald Trump’s executive order established a Strategic Bitcoin Reserve funded by forfeited assets, with a provision to develop budget-neutral strategies for acquiring additional BTC.
Treasury Secretary Scott Bessent said last year that the government would stop selling the confiscated Bitcoin.
Price Action: At the time of writing, BTC was exchanging hands at $62,486.46, down 0.54% in the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Shutterstock
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Swedish telecom equipment giant Ericsson’s stock plunged sharply on the Stockholm market, logging its biggest drop in 18 months. The move came after the company warned that its core network business would face margin pressure this quarter due to surging component costs. Ericsson’s shares fell as much as 10% on the Stockholm exchange. Outgoing CEO B?rje Ekholm said the company’s input costs are rising, partly driven by a surge in demand for AI-powered storage chips that has pushed up prices of related components. Citigroup analysts noted the market’s biggest concern is that margin pressure could persist until 2027. Citi analyst Andrew Gardiner stated: “We believe the biggest challenge is the building pressure from component costs. The short-term impact is not the main issue; more importantly, this pressure could intensify further in 2027.” Ericsson’s adjusted EBITA for the second quarter dropped 7% year-on-year to 6.88 billion Swedish kronor, slightly above the Bloomberg market consensus forecast of 6.82 billion Swedish kronor. As weak capital expenditure by telecom operators continues to weigh on the broader telecom equipment sector, Ericsson has been cutting costs in recent years. The company laid off roughly 5,000 employees in 2025 and plans to continue similar-scale staff reductions this year.
5 minutes ago
Changxin Technology: Issuance price set at 8.66 yuan per share.
Changxin Technology announced that it has launched its initial public offering (IPO) of shares for listing on the STAR Market, with an offering price of RMB 8.66 per share. Investors are required to apply for shares at this price on July 16, 2026 (T Day) via both online and offline subscription channels, with no subscription funds payable at the time of application. The offline subscription period runs from 9:30 to 15:00, while the online subscription period is divided into two sessions: 9:30 to 11:30 and 13:00 to 15:00. The initial number of shares offered in this IPO is 668,808.8608 million shares, representing approximately 10.00% of the company's total share capital post-offering, and China International Capital Corporation (CICC) is granted an over-allotment option of up to 15.00% of the initial offering shares.
5 minutes ago
Ethereum engineering and research firm EthSystems officially established.
According to GlobeNewswire, EthSystems has announced its official launch. The firm was founded by the entire original team of the Ethereum Foundation’s Institutional Privacy Working Group, with backing from entities including Bitmine, Sharplink, and Joe Lubin. EthSystems primarily develops Ethereum-based privacy and compliance technologies for regulated entities such as banks and asset management firms, aiming to enable institutions to conduct on-chain financial activities without disclosing sensitive information like transaction details and client identities. The company stated that it has completed one year of open-source development work ahead of schedule, and has already established cooperative ties with multiple central banks, regulatory authorities, and top-tier financial institutions.
5 minutes ago
Pre-market key highlights for US stocks: CPI data came in below expectations, IBM missed revenue estimates and plunged sharply.
Key pre-market news for US stocks is as follows: 1. US June unadjusted annual CPI came in at 3.5%, against expectations of 3.8%. Traders pushed back their bets on Federal Reserve interest rate hikes to October; 2. Federal Reserve Chair Walsh stated the Fed has "zero tolerance" for persistent high inflation and holds a cautious stance toward the AI boom; 3. IBM (IBM.N) pre-market shares fell over 20%, as the company reported preliminary Q2 revenue of $17.2 billion, vs. consensus estimate of $17.86 billion; 4. Goldman Sachs (GS.N) pre-market shares rose over 2%, with Q2 stock sales and trading revenue hitting $7.42 billion, vs. consensus of $5.02 billion; 5. KeyBanc raised price targets for multiple AI chip stocks: Arm’s target was lifted to $430, while Micron Technology (MU)’s target rose to $1750; 6. New York will temporarily ban the construction of large new data centers; 7. SK Hynix accelerates mass production of HBM4 for NVIDIA; 8. NVIDIA has established a new client "whitelist" in Asia. After a new round of reviews, the number of approved clients in Singapore, Malaysia and Japan for AI chip purchases has dropped by more than half; 9. Trump plans to strengthen control over the Strait of Hormuz, while the US Strategic Petroleum Reserve has fallen to its lowest level since 1983.
5 minutes ago
Tether leads Pact Labs’ $7 million Series A funding round, driving the expansion of stablecoin USAT’s service offerings.
According to official announcements, Tether today announced it has led Pact Labs' $7 million Series A funding round, with Blockchange Ventures and Lasagna participating. The investment will support Pact Labs' development, enabling it to become a core infrastructure provider for USAT in areas including payroll, early wage access, credit, and daily payments.
5 minutes ago
Following the release of CPI data, U.S. stocks’ semiconductor, optical communications, and storage sectors collectively strengthened in pre-market trading.
According to market data from BIT (bit.com), semiconductor stocks in pre-market trading on US equities are broadly higher, with Marvell Technology (MRVL) up 5.7%, Intel (INTC) up 3.89%, Arm (ARM) up 3.71%, and Applied Materials (AMAT) up 6.53%. Optical communication concept stocks lead pre-market gains: Corning (GLW) up 5.4%, Applied Optoelectronics (AAOI) up 6.26%, Coherent (COHR) up 4.05%, Astera Labs (ALAB) up 6%, and Credo (CRDO) up 6.36%. The storage sector is also strengthening, with Seagate Technology (STX) up 5.43%, Western Digital (WDC) up 5.3%, SanDisk (SNDK) up 6.54%, and Micron Technology (MU) up 5.03%. Earlier, the US reported June unadjusted annual CPI at 3.5%, compared to the prior reading of 4.2% and market expectations of 3.8%.
Swedish telecom equipment giant Ericsson’s stock plunged sharply on the Stockholm market, logging its biggest drop in 18 months. The move came after the company warned that its core network business would face margin pressure this quarter due to surging component costs. Ericsson’s shares fell as much as 10% on the Stockholm exchange. Outgoing CEO B?rje Ekholm said the company’s input costs are rising, partly driven by a surge in demand for AI-powered storage chips that has pushed up prices of related components. Citigroup analysts noted the market’s biggest concern is that margin pressure could persist until 2027. Citi analyst Andrew Gardiner stated: “We believe the biggest challenge is the building pressure from component costs. The short-term impact is not the main issue; more importantly, this pressure could intensify further in 2027.” Ericsson’s adjusted EBITA for the second quarter dropped 7% year-on-year to 6.88 billion Swedish kronor, slightly above the Bloomberg market consensus forecast of 6.82 billion Swedish kronor. As weak capital expenditure by telecom operators continues to weigh on the broader telecom equipment sector, Ericsson has been cutting costs in recent years. The company laid off roughly 5,000 employees in 2025 and plans to continue similar-scale staff reductions this year.
5 minutes ago
Changxin Technology: Issuance price set at 8.66 yuan per share.
Changxin Technology announced that it has launched its initial public offering (IPO) of shares for listing on the STAR Market, with an offering price of RMB 8.66 per share. Investors are required to apply for shares at this price on July 16, 2026 (T Day) via both online and offline subscription channels, with no subscription funds payable at the time of application. The offline subscription period runs from 9:30 to 15:00, while the online subscription period is divided into two sessions: 9:30 to 11:30 and 13:00 to 15:00. The initial number of shares offered in this IPO is 668,808.8608 million shares, representing approximately 10.00% of the company's total share capital post-offering, and China International Capital Corporation (CICC) is granted an over-allotment option of up to 15.00% of the initial offering shares.
5 minutes ago
Ethereum engineering and research firm EthSystems officially established.
According to GlobeNewswire, EthSystems has announced its official launch. The firm was founded by the entire original team of the Ethereum Foundation’s Institutional Privacy Working Group, with backing from entities including Bitmine, Sharplink, and Joe Lubin. EthSystems primarily develops Ethereum-based privacy and compliance technologies for regulated entities such as banks and asset management firms, aiming to enable institutions to conduct on-chain financial activities without disclosing sensitive information like transaction details and client identities. The company stated that it has completed one year of open-source development work ahead of schedule, and has already established cooperative ties with multiple central banks, regulatory authorities, and top-tier financial institutions.
5 minutes ago
Pre-market key highlights for US stocks: CPI data came in below expectations, IBM missed revenue estimates and plunged sharply.
Key pre-market news for US stocks is as follows: 1. US June unadjusted annual CPI came in at 3.5%, against expectations of 3.8%. Traders pushed back their bets on Federal Reserve interest rate hikes to October; 2. Federal Reserve Chair Walsh stated the Fed has "zero tolerance" for persistent high inflation and holds a cautious stance toward the AI boom; 3. IBM (IBM.N) pre-market shares fell over 20%, as the company reported preliminary Q2 revenue of $17.2 billion, vs. consensus estimate of $17.86 billion; 4. Goldman Sachs (GS.N) pre-market shares rose over 2%, with Q2 stock sales and trading revenue hitting $7.42 billion, vs. consensus of $5.02 billion; 5. KeyBanc raised price targets for multiple AI chip stocks: Arm’s target was lifted to $430, while Micron Technology (MU)’s target rose to $1750; 6. New York will temporarily ban the construction of large new data centers; 7. SK Hynix accelerates mass production of HBM4 for NVIDIA; 8. NVIDIA has established a new client "whitelist" in Asia. After a new round of reviews, the number of approved clients in Singapore, Malaysia and Japan for AI chip purchases has dropped by more than half; 9. Trump plans to strengthen control over the Strait of Hormuz, while the US Strategic Petroleum Reserve has fallen to its lowest level since 1983.
5 minutes ago
Tether leads Pact Labs’ $7 million Series A funding round, driving the expansion of stablecoin USAT’s service offerings.
According to official announcements, Tether today announced it has led Pact Labs' $7 million Series A funding round, with Blockchange Ventures and Lasagna participating. The investment will support Pact Labs' development, enabling it to become a core infrastructure provider for USAT in areas including payroll, early wage access, credit, and daily payments.
5 minutes ago
Following the release of CPI data, U.S. stocks’ semiconductor, optical communications, and storage sectors collectively strengthened in pre-market trading.
According to market data from BIT (bit.com), semiconductor stocks in pre-market trading on US equities are broadly higher, with Marvell Technology (MRVL) up 5.7%, Intel (INTC) up 3.89%, Arm (ARM) up 3.71%, and Applied Materials (AMAT) up 6.53%. Optical communication concept stocks lead pre-market gains: Corning (GLW) up 5.4%, Applied Optoelectronics (AAOI) up 6.26%, Coherent (COHR) up 4.05%, Astera Labs (ALAB) up 6%, and Credo (CRDO) up 6.36%. The storage sector is also strengthening, with Seagate Technology (STX) up 5.43%, Western Digital (WDC) up 5.3%, SanDisk (SNDK) up 6.54%, and Micron Technology (MU) up 5.03%. Earlier, the US reported June unadjusted annual CPI at 3.5%, compared to the prior reading of 4.2% and market expectations of 3.8%.
The US Bureau of Labor Statistics (BLS) will publish the June Consumer Price Index (CPI) data on Tuesday. The report is expected to show a decline in consumer inflation, driven by the easing of crude Oil prices following the ceasefire announcement between the United States (USD) and Iran.
The monthly CPI is forecast to decline by 0.1%, following the 0.5% increase recorded in May, while the annual reading is seen retreating to 3.8% from 4.2% reported in the previous month, which marked the highest level since May 2023. Core CPI figures, which exclude volatile food and energy prices, are expected to post an increase of 0.2% and 2.9%, on a monthly and yearly basis, respectively, steadying compared with May.
Following a nearly 17% drop in May, Crude Oil prices declined by more than 20% in June and came back to pre-war levels, as investors cheered news of the US and Iran reaching a ceasefire on June 17 to start negotiations to bring an end to the conflict. As a result, a retreat in the monthly CPI print should not come as a surprise.
Previewing the inflation data,
“June CPI likely showed inflation remained contained, with core up 0.20% m/m. Soft goods prices and further shelter normalization should keep underlying inflation steady, though this year’s Oil shock may continue to lift airfares. Risks to our forecast look more balanced than in recent reports. We expect headline CPI fell 0.22% m/m, led by a 10% drop in gasoline prices,” said TD Securities analysts.
What to Expect in the Next CPI Data Report?Although CPI figures for June could confirm that falling Oil prices helped inflation ease, investors could overlook this development. Since the beginning of July, Oil prices have edged higher again as the US and Iran started exchanging strikes, risking the sustainability of the fragile ceasefire and reviving concerns over progress in inflation slowing down.
In addition, market participants are increasingly worried about the potential inflationary effect of the artificial intelligence (AI) boom. The massive capital wave flowing into AI infrastructure, rising industrial electricity costs, and notable price premiums on tech hardware and LLM software subscriptions could keep core services and goods inflation elevated and put pressure on consumers.
In a recently published study, the Fed pointed out that the “Computer Software and Accessories” category of the Personal Consumption Expenditures (PCE) Price Index, which is not publicly accessible, “had been falling over the past 25 years at an average annualized rate of 5.3%,” but rose at a record pace of “73% annualized increase from November 2025 through March 2026.”
Hence, even if there is a monthly decline in the CPI, as expected, investors might not see it as a convincing sign that could derail the Fed from potentially tightening the policy later in the year.
According to the CME FedWatch Tool, markets currently see about a 30% probability of a 25 basis points (bps) interest rate hike in July and price in around a 77% chance that the US central bank will raise rates at least once by the end of the year.
Source: CME GroupHow Could the US Consumer Price Index Report Affect EUR/USD?If the monthly CPI surprises to the upside and posts a positive reading, investors could reassess the odds of a July rate hike with the immediate reaction and boost the US Dollar.
In this scenario, EUR/USD could come under renewed bearish pressure. Conversely, a bigger decline in the monthly CPI, with a reading of at least -0.2%, could hurt the USD initially and help EUR/USD gain traction.
However, investors are unlikely to overreact to a single soft CPI print, given that Oil prices are rising again and growing doubts surrounding the impact of AI on inflation.
Eren Sengezer, European Session Lead Analyst, shares a brief technical outlook for EUR/USD:
“EUR/USD has managed to find a foothold after touching a fresh 12-month low below 1.1330 in Late June and has stabilized slightly above 1.1400 since. However, the Relative Strength Index (RSI) indicator on the daily chart is yet to climb above 50, and the pair is yet to flip the 20-day Simple Moving Average (SMA) into support, reflecting buyers’ hesitancy.”
“On the upside, 1.1500 (round level, static level) aligns as an interim resistance level for the pair ahead of 1.1550-1.1555 (Upper arm of the Bollinger Band, 50-day SMA), 1.1600 (100-day SMA, descending trend line) and 1.1645 (200-day SMA). Looking south, the first support level could be spotted at 1.1350 (static level), followed by 1.1220 (static level, round level) and 1.1160 (static level).”
These Supplemental Terms (these "Promotion Terms") govern the Android Launch Free Core Promotion (the "Promotion") offered by Plasma, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Plasma," "we," "us," or "our"). The Promotion is a limited-time offer of complimentary access to the Core membership tier of Plasma One ("Core"), available exclusively through the Plasma One application for Android (the "Android App"). These Promotion Terms supplement, and are incorporated into, the Plasma One Terms of Service available at https://www.plasma.org/terms-of-service (the "Plasma One Terms") and, with respect to rewards earned during the Free Core Period (defined below), the Plasma One Rewards Addendum available at https://www.plasma.org/plasma-one-rewards (the "Program Terms"). Your Plasma One Cardholder Agreement (the "Applicable Card Agreement") governs your Card and your relationship with the Issuer and is not modified by these Promotion Terms. Capitalized terms used but not defined herein have the meanings given in the Plasma One Terms or the Program Terms, as applicable.
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Pi Network price has fallen to a new all-time low after dropping another 13% to $0.07078. The token is now down more than 98% from its all-time high, increasing concerns among holders as selling pressure continues to mount.
As Pi’s decline accelerates, some community members are urging the Pi Core Team to take immediate action to address the project’s growing supply issues.
Long-time Pi supporter Dr. Altcoin has proposed three key solutions for the Pi Core Team to act on and warned that the team’s silence is only making the situation worse.
Pi Network Is Facing a Supply CrisisDr. Altcoin, who has been advocating for Pi Network for a long time, has now openly criticized the Pi Core Team. He pointed out that Pi Network’s market capitalization has fallen below $1 billion for the first time since its launch and now stands at around $785 million.
According to him, Pi’s biggest problem is not development but its growing token supply.
He said the Pi Core Team had at least five years to prepare for this stage, but failed to build enough demand before millions of Pi tokens started entering circulation.
He warned that “Pi Network Is Facing a Supply Crisis, and Silence Is No Longer an Option”
Responding to the recent Pi Network updates, Dr. Altcoin said ecosystem updates or a future Pi DEX alone will not be enough to recover the price unless the supply problem is addressed.
Three Solutions to Reduce Pi Token Sell-offTo help stop Pi’s price from falling further, Dr. Altcoin suggested three key steps to reduce the growing selling pressure.
Step 1: Burn a large portion of the remaining Pi supply, potentially 50%, similar to Stellar’s historic token burn.
Step 2: Allow listings on major exchanges such as Binance and Coinbase.
Step 3: Introduce a transparent buyback-and-burn program.
Can a Token Burn Really Help Pi?According to Pi Scan data, more than 775.8 million Pi are scheduled to unlock between July and December 2026. That includes 103.7 million Pi in July, 127.9 million in August, 132.6 million in September, 138.2 million in October, 149 million in November, and 124.1 million in December.
With an average of 129.3 million Pi unlocking every month, the market could continue facing heavy selling pressure.
Therefore, Dr. Altcoin has suggested burning 50% of the remaining Pi supply, similar to Stellar’s historic token burn.
But a one time burn may not fully solve the problem if over 100 million Pi keep entering circulation every month.
For Pi’s price to stabilize, the project may need a combination of regular token burns, stronger exchange listings, and higher demand.
Story Ends Here
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Ethereum (ETH) price is in focus after ARK Invest analyst Lorenzo Valente said that Robinhood Chain is ultra-bearish for Ethereum’s revenue after ETH received only $1,538 in revenue from Arbitrum.
The analyst’s outlook comes as Robinhood Chain emerges as the fifth-biggest chain by DEX volumes per DeFiLlama, with the growth coming after the network announced a 90-day gas subsidy to boost adoption.
Ethereum price is up by 0.36% today, July 14, to trade at $1,780 at the time of writing.
ARK Invest Analyst Warns Robinhood Chain is Cannibalizing Ethereum Revenues Analyst Valente notes that Ethereum is barely getting any revenue share from Robinhood Chain despite the latter running on Ethereum’s layer-two network, Arbitrum.
In an X post, Valente said that Robinhood Chain has generated $816,000 in revenue since launching on July 1 amid buzz around Robinhood Chain tokens. 10% of this $816,000 has been paid to Arbitrum, while $1,538 has gone to Ethereum.
This revenue share suggests that Ethereum is only getting 0.15% of the revenue that Robinhood Chain is generating.
“If your thesis is ‘ETH is a revenue-generating asset,’ this is the ultra-bear case,” the analyst said.
Valente notes that “things need to change” so that Ethereum gets 15% of the revenue while Arbitrum and Robinhood get 10% and 75%, respectively.
But ConsenSys founder Joe Lubin has defended the low fees, saying that is what is attracting companies to build on Ethereum, and as this continues, it could boost the value of ETH.
Still, while Robinhood Chain coins are rallying because of the rapid growth of this chain since it launched on July 1, Ethereum price continues to struggle below resistance.
Ethereum Price Faces $1,840 Resistance as Bulls Eye 22% Rally The price of Ethereum is facing resistance at $1,840. It has been rejected at this resistance for three straight days, suggesting that buyers are hesitating to buy at this price.
But the MACD line that has turned positive supports a bullish long-term Ethereum price forecast. The RSI reading of 55 also suggests that the momentum is favoring bulls.
If Ethereum closes above the resistance level of $1,840, it will be a breakout from a rising parallel channel. This will suggest that the uptrend that started on June 26 could continue.
Moving above $1,840 could also confirm that ETH has completed a double-bottom pattern, and the price could gain by 22% and reach $2,244.
ETH/USDT: 1-day Chart (Source: TradingView) But if Ethereum does not close above the resistance of $1,840, sellers could return and pull the price down to the support of $1,725.
This drop to $1,725 could come as buyers flee the market after President Trump reinstated the blockade at the Strait of Hormuz as geopolitical tensions between the US and Iran escalate.
Ethereum ETF Outflows Return as Rising Oil Prices Fuel Bearish Narrative Data from SoSoValue shows that spot Ethereum ETFs had $15 million in outflows on July 13, marking a major turnaround from the $84 million in inflows seen between July 6 and July 10.
Ethereum ETF Flows The outflows come when investors are abandoning crypto because of the tensions between the US and Iran that pushed the price of crude oil to above $80.
Rising oil prices usually cause traders to reduce their interest towards risk assets, and if the prices keep rising, Ethereum price could drop as buying pressure fades.
The US inflation data that is coming out today, July 14, could also weigh on Ethereum and affect flows to spot ETH ETFs if it supports that the Federal Reserve will hike interest rates.
Even as investor sentiment was dampened by concerns about an AI bubble, Cathie Wood’s ARK Invest kept accumulating a pile of Elon Musk’s SpaceX stock. The latest acquisition came as the SPCX share price continued dropping, nearing the IPO price of $135.
Cathie Wood Continues Buying SpaceX Stock On Monday, July 13, the SpaceX stock closed at $139.14, 4.24% lower in the intraday session. During the day, ARK Invest purchased 130,241 shares of SPCX into three exchange-traded funds, according to its daily trading disclosures.
Despite the recent weakness, this purchase represents Cathie Wood’s bullish take on the SpaceX stock. ARK Invest raked in SPCX shares via its ARK Innovation ETF (ARKK), the ARK Autonomous Technology & Robotics ETF (ARKQ) and the ARK Next Generation Internet ETF (ARKW). The total investment came around $21.3 million.
The latest drop has brought the SpaceX stock price back down below the reported crucial level of $150. Now, $145 serves as a major resistance level that earlier acted as a crucial support level, per CoinGape analysis.
If the share price continues to decline, it risks falling below the IPO price of $135. However, the analysis went on to highlight that the shares had rallied after ARK Invest’s buying spree last week. At the time, Cathie Wood’s ARK bought $52 million in SpaceX stock.
Still, the MACD indicator had taken a negative turn, indicating bearish momentum was still in place. This could keep the SpaceX stock price from getting back to $150, the analysis added.
The AI Bubble Warning In Focus The surge in Cathie Wood’s purchasing activity for SpaceX coincides with a draft report from the U.S. Department of the Treasury. That report has raised concerns that the rapid development of AI could be a threat to the economy comparable to that of the dot-com bubble.
Researchers in the field of careers at the University of Texas, Austin (NOTUS) have determined that the companies providing artificial intelligence are much more interwoven with the U.S. economy as compared to internet companies 25 years ago. The report states that the impact could radiate beyond tech stocks.
They warned that it could spread to private credit markets, cloud service providers and semiconductors as well as utilities and firms financing large-scale data center projects if the AI sector goes into a major downturn.
Despite the AI bubble warning, the analysts stopped short of forecasting an imminent crash. Rather, they laid out a bearish scenario in case AI companies do not achieve the level of productivity and profitability that is expected.
Here, they warned investment growth could slow, investor confidence could be dampened, and economic growth could be reduced. Supply chain disruptions, geopolitical tensions, electricity shortages and funding limitations for data centre infrastructure were also identified as risks, the report noted.
What Do Experts Say? Meanwhile, market watchers are speculating on whether the AI craze has gone too far. In a recent Substack post, Bernstein and Cummings say that the gains of the leading AI stocks suggests a bubble that is “still inflating.” The analysts also said, “The aggressive push into AI is leaving these tech giants with significantly less cash.” Moreover, they added that technology-based investments have reached nearly 5% of the U.S. GDP, surpassing the dot-com era.
On the other hand, BlackRock analyst Rick Rieder stated that the asset management firm would be cutting its stake in companies focused on artificial intelligence. Instead, they are looking to move towards those that will benefit indirectly from the AI boom. One of those beneficiaries is Bitcoin miner TeraWulf that has signed a 20-year contract with Anthropic to host one of its data centers.
For pre-IPO stock trading, visit our page on Best Platforms & Crypto Exchanges to Trade Pre-IPO Tokens.
CleanSpark’s US pre-market shares rise over 16% after securing a $6.6 billion, 20-year data center lease.
CleanSpark has signed a $6.6 billion, 20-year data center lease agreement with an unnamed global technology company, covering its data center campus in Sandersville, Georgia, U.S. The tech firm also secured exclusive rights to use CleanSpark’s Texas data center portfolio, with a maximum capacity of 885 megawatts (MW). Per market data from BIT (bit.com), CleanSpark (CLSK) shares jumped over 24% in Tuesday’s pre-market trading on the news, and were last up 16.42%.
3 minutes ago
IBM's pre-market decline in US stocks widened to over 20%
According to market data from BIT (bit.com), IBM’s pre-market trading on US equities has seen its decline widen to over 20%, as the company’s preliminary Q2 revenue and net profit missed market expectations.
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Goldman Sachs' US shares rose more than 2% in pre-market trading, with its Q2 equity sales and trading revenue far exceeding expectations.
According to market data from BIT (bit.com), Goldman Sachs (GS.N) rose over 2% in pre-market US trading. The firm’s second-quarter stock sales and trading revenue stood at $7.42 billion, against an expected $5.02 billion; its second-quarter fixed income, currency and commodities (FICC) revenue reached $4.59 billion, up 32% year-over-year.
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JPMorgan Chase posts a record quarterly profit, with stock trading revenue hitting $6 billion.
JPMorgan Chase has posted its highest quarterly profit ever, driven by stock trading revenue that far exceeded analyst expectations and a $4.6 billion gain from its long-held Visa Inc. stake. According to the bank’s Tuesday statement, second-quarter stock trading revenue jumped 86% year-over-year to $6.03 billion, topping even the highest analyst forecast. This pushed total trading revenue to $12.1 billion, surpassing the all-time high set in the first quarter of this year.
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IBM drops over 12% in pre-market US trading, preliminary second fiscal quarter revenue misses expectations.
According to BIT (bit.com) market data, IBM’s US stock dropped over 12% in pre-market trading. The company’s preliminary second-quarter revenue reached $17.2 billion, against market expectations of $17.86 billion.
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Binance: Alpha Blind Box Airdrop Now Open for Claiming, Points Threshold Set at 251 Points
According to official announcements, Binance Alpha’s mystery box airdrop is now live. The airdrop pool includes tokens from two projects: Orochi Network (ON) and Metaplex (MPLX). Users holding at least 251 Binance Alpha points can claim one token airdrop on the Alpha event page. After claiming, users will be assigned to different reward tiers and receive one of the following rewards: 315, 395, or 1125 ON tokens; 1038, 1298, or 3705 MPLX tokens. Rewards are distributed on a first-come, first-served basis. If rewards are not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop consumes 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, the airdrop will be deemed forfeited.
Bitcoin has rebounded toward the $64,000 mark before dropping to 62K. However, blockchain analytics firm Glassnode isn’t convinced and says the recovery is not as strong as it looks. While institutional interest is slowly returning, weak spot demand, lower trading activity, and cautious derivatives positioning suggest the rally is still missing broad market conviction.
The Rally Lacks Strong Buying SupportAccording to Glassnode, several on-chain indicators show that Bitcoin’s recent recovery has been driven by thin liquidity. This is occurring rather than aggressive buying.
bitcoin:native recovered toward $64K, but weak spot participation and subdued on-chain activity suggest the move lacks broad conviction. Institutions are returning, while options remain defensive.
Read this week’s Market Pulse👇https://t.co/5XDjtDSiHl pic.twitter.com/EVlTuoUHYH
— glassnode (@glassnode) July 13, 2026 Some of the key metrics include:
Bitcoin’s 14-day RSI jumped from 50.8 to 66.9, pushing the asset close to overbought territory.Spot trading volume dropped 21.5%, falling from $5.2 billion to $4.1 billion over the past week.Spot Cumulative Volume Delta (CVD) flipped from +$17.2 million to -$58.8 million. This means aggressive sellers are now outnumbering aggressive buyers even as prices rise.Perpetual futures CVD also plunged from $457.5 million to $83.9 million, showing buyers are gradually losing momentum.Glassnode summed up the situation by saying the advance has been driven by “relatively thin liquidity rather than broad-based buying conviction.”
Retail Traders Stay CautiousRetail sentiment has also started cooling as Bitcoin struggles to stay above $63,000.
The broader crypto market slipped about 1.1%, bringing the total market capitalization to roughly $2.24 trillion. More than $250 million worth of leveraged crypto positions were liquidated over the past 24 hours. Nearly $200 million of that came from long positions.
Meanwhile, futures open interest remained almost unchanged, slipping only slightly from $31.4 billion to $31.3 billion. This suggests traders are holding positions but without strong confidence. Options open interest increased modestly to $28.1 billion. However, it remains below its historical statistical range.
Altcoins Show Mixed PerformanceMajor altcoins delivered mixed results during the market pullback.
XRP posted the biggest decline among large-cap cryptocurrencies, falling around 1.5% as retail sentiment shifted from extremely bullish to bearish.Ethereum, Solana, BNB, and Dogecoin all declined by less than 1%.Ethereum traded near $1,782, with traders closely watching $1,700 as key support and $1,840-$1,850 as the next resistance zone.Crypto analyst Ted Pillow said that as long as Ethereum stays above $1,750, the path toward $2,000 remains open.
What Comes Next?Glassnode says the next few trading sessions will determine whether buying activity strengthens enough to support the rally.
On-chain analyst Ali Martinez added that whale accumulation has continued since June, with Bitcoin’s Accumulation Trend Score remaining close to 1. However, he warned that after losing the $63,000 mid-range level, Bitcoin could retest support near $61,700. It may do this before attempting another move higher.
Overall, this week’s CPI and PPI inflation data, possible Strategy (MSTR) Bitcoin accumulation updates, and renewed discussions around the CLARITY Act all could influence market direction.
Story Ends Here
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XRP has reached its breakout retest point, looking to defend an important support level that could determine its next major move.
XRP currently changes hands at $1.06, which puts it close to $0.9539, the exact price where it broke out of a six-year symmetrical triangle in 2024. This level could decide whether the broader bullish trend stays intact or gives way to a deeper correction.
Essentially, the $0.9539 area marked the breakout point that ended a long period of consolidation and started the rally that pushed XRP to $3.6 last July.
As the price moves back toward that area, it remains to be seen if buyers can defend it. A successful defense would strengthen the current market structure, but a failure could signal that the upsurge is losing support.
XRP 6-Year Triangle Breakout Notably, XRP spent more than six years moving inside a large symmetrical triangle after reaching its cycle high during 2017 and 2018. Throughout this period, the chart formed five major pivot points, labeled A, B, C, D, and E, as the trading range became increasingly narrow.
However, the structure changed when XRP broke above the triangle in 2024 at around $0.95398. This breakout started a five-wave impulse move that carried the token to a high of $3.3 by January 2025.
After completing the upsurge, the price pulled back toward the $2 area before recovering to the July 2025 all-time high of $3.66. From there, XRP has now corrected to the same breakout area.
XRP 1W Chart Such a correction often serves as an important test. Markets frequently return to previous breakout levels to see whether old resistance can become new support. If XRP holds above this level, it will confirm that the breakout remains valid. If it falls below it, further downside could play out.
XRP Could Face More Downside Before Possible Reversal Meanwhile, the 4-hour chart shows that XRP is trading inside a red symmetrical channel, where an ending diagonal appears to be developing. The pattern contains five overlapping sub-waves, and the fifth wave is still in progress.
Current projections suggest that the final leg of this pattern could take XRP into the $0.80 to $0.90 range before it finishes. Ending diagonals usually form near the end of a decline and suggest that selling pressure is fading. Once they are complete, they can lead to a strong recovery.
XRP 4h Chart However, for now, the pattern remains unfinished. This means XRP could still move lower in the short term before buyers attempt to regain control.
Important XRP Price Levels The first support area sits between $1.00 and $0.95398. If XRP drops below this range, the next support lies between $0.80 and $0.90, which aligns with the projected end of the current ending diagonal.
A further decline would bring $0.60160 into the picture. This level marks an important pivot from the six-year triangle and could become the next major support for XRP.
The chart also highlights $0.39368 as the main Wave IV support level. If selling becomes much stronger, $0.11540 would represent the final capitulation target in the current technical outlook.
On the upside, XRP must first break through resistance between $1.20 and $1.30. If buyers clear that area, the next resistance sits at $1.60, followed by the previous high of $3.29998.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Large investors holding between 100,000 and 100 million Cardano (ADA) have rapidly accumulated more than 25.6 billion ADA, taking significant supply off the market at a pace not seen since early 2023. On-chain data from analytics platform Santiment revealed that these “shark” and “whale” wallets raised their holdings by 1.8% over the past four months, returning to levels observed in February 2023.
Retail capitulation marks ADA multi-year lowsDuring the same period, smaller holders—wallets holding up to 100 ADA—decreased their positions by 0.7%. This outflow from small retail wallets comes amid a prolonged price downturn, which pushed ADA to multi-year lows in 2026. The ongoing negative sentiment has led many individual investors to abandon the asset, reflecting a classic scenario in which major players acquire ADA while retail participants lose confidence.
Wallet TypeADA HoldingChange (Last 4 Months)Sharks & Whales (100,000 – 100 million ADA)25.6 billion ADA+1.8%Small Retail (up to 100 ADA)N/A-0.7%This pattern suggests that while retail holders are reducing their exposure, larger investors are capitalizing on discounted prices by buying up available supply.
Throughout the recent downturn, accumulation by large holders has intensified, as retail sentiment remains particularly negative and smaller investors scale back their positions.
Development activity and scaling efforts continueDespite the difficult price environment, project developers have maintained steady progress on Cardano’s technical roadmap. In late June, the Musashi Dojo, a testnet for the forthcoming Leios upgrade, was launched, aiming to multiply transaction throughput and improve network scalability.
In addition, upgrades and integrations are underway on other core protocols, with ongoing enhancements to the Hydra and Mithril solutions. Cardano is also integrating new data oracle services from Pyth, expanding the ecosystem’s capabilities. Project funding activity within the network remains active, further supporting development efforts.
Mini dictionary: Pyth oracles provide real-time financial data to blockchain applications, enabling smart contracts to access and utilize information from outside sources for accurate execution.
While price action remains weak, ongoing large-scale accumulation by major investors, combined with continued network development, points to a potentially stronger technical outlook for ADA in the months ahead.
Catalysts underpin Cardano’s long-term outlookThe convergence of reduced retail participation and firm accumulation by whales is creating a technical foundation that market observers suggest is among the healthiest for ADA this year. Although this dynamic does not ensure a swift price recovery, the continued absorption of supply by major holders and the pace of network upgrades could set the stage for renewed momentum.
Cardano, developed by Input Output Global and designed as a proof-of-stake blockchain network, has established an active community of both developers and investors. Despite recent setbacks, continued innovation and network scaling efforts remain in focus for long-term growth.
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.
Key TakeawaysAnalysts Reduce Second-Quarter ProjectionsCore AI Growth Narrative PersistsGet 3 Free Stock Ebooks SK Hynix launched its Nasdaq ADRs on July 10, securing $26.5 billion in capital with a 13% first-day gain Seoul-traded shares plummeted 15.4% on July 13, marking the steepest decline since the Nasdaq listing Leading Korean brokerages downgraded Q2 profit forecasts due to declining HBM prices and weaker DRAM demand A valuation premium exceeding 20% between ADRs and domestic shares is driving investor rotation First-quarter 2026 revenue surged to KRW 52.58 trillion, reflecting 198% annual growth fueled by AI chip demand SK Hynix (SKHY) experienced a sharp 9.32% decline on Tuesday, with Seoul-listed shares closing at ₩1,746,000, marking a continued retreat following the company’s blockbuster Nasdaq introduction.
SK hynix Inc., SKHY
The memory chip giant introduced its American Depository Receipts on Nasdaq July 10, finishing the inaugural trading session at $168.01—a robust 13% gain. The offering generated $26.5 billion, ranking among the most substantial ADR debuts in market history.
However, the initial excitement quickly faded.
On July 13, the Seoul-based shares plunged 15.4%, representing the most severe single-session loss since the listing announcement. Tuesday’s action added to the pain, with early gains of nearly 5% evaporating as sellers took control.
Analysts Reduce Second-Quarter Projections A trio of prominent Korean financial institutions—Korea Investment Securities, Mirae Asset Securities, and Hyundai Motor Securities—downgraded their second-quarter operating profit forecasts for SK Hynix. The primary culprits: weaker-than-anticipated pricing for high-bandwidth memory (HBM) products and diminished DRAM bit shipment growth.
This development carries significant weight considering SK Hynix’s investment thesis heavily depends on HBM pricing trends. Market projections indicate HBM4 pricing could climb to $4-$5 per gigabit by 2027, compared to approximately $2 per gigabit anticipated during the latter half of 2026.
The pricing disparity between American and Korean-traded securities is compounding the pressure. The ADR currently commands over a 20% premium relative to Seoul-listed shares, encouraging domestic shareholders to exit local positions in favor of Nasdaq-traded alternatives.
Daniel Yoo, global strategist at Yuanta Securities, characterized the domestic pullback as a “corrective period,” framing the situation as “additional share issuance” from a market mechanics standpoint.
Core AI Growth Narrative Persists Notwithstanding near-term volatility, the fundamental business performance remains compelling. First-quarter 2026 revenue reached KRW 52.58 trillion ($35.05 billion), representing 198% year-over-year expansion. Net income soared 397.6% to KRW 40.35 trillion ($26.89 billion).
SK Hynix maintains long-term supply agreements with Nvidia (NVDA) for cutting-edge HBM technology. The manufacturer is also securing three-to-five-year contracts with leading AI customers as cloud infrastructure giants including Google, Meta (META), and Amazon (AMZN) vie for memory capacity.
The organization is constructing a $4 billion semiconductor facility in Indiana while expanding its fabrication complex in Yongin, South Korea—a $390 billion investment.
Jim Cramer offered a bullish perspective, noting that while memory chip pricing remains elevated, the equity trades at discounted valuations. He recognized the cyclical nature of the sector but recommended investors consider establishing a modest position and accumulating during price weakness.
Broader market conditions provided no relief Tuesday. The Nasdaq declined 1.6% while the S&P 500 retreated 0.8%. The KOSPI remained pressured following Monday’s circuit breaker activation—the seventh trading halt this year—after the index tumbled nearly 9% amid geopolitical tensions following U.S. military operations targeting Iran.
SK Hynix Chairman Chey Tae-won has stated he observes no indications of weakening demand and suggests artificial intelligence applications may disrupt the traditional cyclical patterns characterizing memory markets.
Brokerage downgrades targeting second-quarter earnings represent the most immediate headwind facing the shares.
Jito [JTO] crashed after facing rejection at $0.8, declining to a low of $0.58. Buyers then stepped in at the $0.6 support, defending this key level. As a result, at press time, Jito was trading at around $0.665 after rising 11.5% on the daily charts.
Over the same period, the altcoin’s trading volume climbed 42% to $41.3 million, while the market cap reclaimed a spot in the top 100.
Jito records renewed speculative demand After JTO dropped to $0.58, buyers returned to the market with strength. This demand was especially elevated on the derivatives side.
Source: CoinGlass At the time of writing, Derivatives Volume surged 86% to $80 million, while Open Interest (OI) climbed 21% to $65 million. As both OI and volume increased, traders opened new positions, indicating increased participation.
The capital flowed mostly into the perps’ positions. According to Coinalyze, Jito recorded 16 million in Buy Volume compared to 14.6 million in Sell Volume.
Source: Coinalyze As a result, the perps’ net buying rose to 1.4 million. A positive delta here suggests traders opened more positions than closed.
Such market behavior pointed towards higher speculation. Often, such market conditions have preceded price pumps, especially in the short term.
Profit takers could spoil JTO’s rally As expected, after Jito reversed the trend, some holders who had been underwater rushed into the market and cashed out.
According to CoinGlass data, the altcoin recorded $5.19 million in spot inflows compared to $4.42 million in outflows. As a result, the spot net flow jumped 364% to $765k.
A positive netflow suggested more assets flowed into exchanges, meaning more sellers were active. Typically, increased profit-taking has weakened market structure, leading to a retracement.
Can JTO’s upside momentum hold? Jito made significant gains as buyers stepped in. As a result of renewed demand, the altcoin Relative Strength Index (RSI) rose from 42 to 48 as of writing.
While the RSI continued to rise, the signal line dropped to 50. This suggests that although demand has recovered, it remains insufficient for bulls to fully retake the market.
Source: TradingView Therefore, to validate this upside move, buyers need to push for the RSI to flip 50. In doing so, the altcoin will be strong enough to flip the 20-day EMA at $0.67 and target $0.70.
However, with sellers remaining extremely active, profit-taking could push the altcoin back below $0.59.
Final Summary Jito surged 11% and successfully defended $0.6, touching a local high of $0.668 before slightly retracing. JTO saw renewed speculative demand, driving the upside momentum, but profit-taking followed, threatening these gains.
Ondo launches 24/7 minting and redemption for tokenized stocks, closing a weekend gap that has cost traders up to 46 times more on other platforms.
Trading a tokenized stock at 2 a.m. on a Sunday used to mean one thing, moving an asset between wallets, not actually creating or redeeming it. Ondo just changed that.
Ondo has launched 24/7 instant minting and redemption for tokenized U.S. stocks and ETFs, live now across Ethereum, BNB Chain, and Solana.
The upgrade expands beyond Ondo's existing 24/5 minting window and applies to six of its most actively traded tokenized assets, SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon, with more expected to follow.
Why this is actually newSeveral platforms have advertised 24/7 trading for tokenized stocks before.
But that claim has always come with an asterisk, the round-the-clock access has applied only to transferring an asset between wallets or exchanges, not to minting new tokens or redeeming existing ones for cash.
Minting and redemption, the actual creation and settlement of these tokenized assets, has continued to follow traditional market hours, pausing over weekends just like the underlying stock exchanges.
Ondo Stocks already supported 24/7 permissionless transfers, letting users hold and move tokenized assets across supported wallets, exchanges, and protocols at any time.
What was missing was the ability to mint or redeem those same assets outside of standard trading hours. This update closes that gap, eligible users can now mint or redeem supported assets at the current prevailing price, any day, at any hour, including weekends and U.S. public holidays.
Why the price you pay depends on where you tradeThe practical impact of this shows up most clearly in execution costs.
Ondo shared data comparing weekend trading costs on its platform against other tokenized stock venues.
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For a $100,000 trade in tokenized Circle stock (CRCLon), execution cost on Ondo averaged $33, compared to $835 on another platform, 25 times higher. Tokenized Google stock (GOOGLon) showed the widest gap, costing $43 on Ondo versus $1,644 elsewhere, 38 times higher. Tokenized Nvidia stock (NVDAon) showed the largest multiple of all, at $13 on Ondo versus $738 elsewhere, 57 times higher. Tesla showed a 25 times gap, the Invesco QQQ ETF showed a 7 times gap, and the SPDR S&P 500 ETF showed a 5 times gap.
Trending on TheStreet Roundtable:Cathie Wood's ARK issues bold prediction on U.S. digital dollarAnalysts stunned by Robinhood's $3.1 billion debut weekMicroStrategy sells shares to boost U.S. dollar reserveThis gap comes down to how liquidity is sourced. Ondo's tokenized stocks draw liquidity directly from public markets, where trading depth is substantial.
Other platforms rely on onchain liquidity pools, which are limited in depth by design, meaning larger trades, especially over weekends when markets are thinner, can move prices significantly and cost traders far more.
Why this matters for tokenized markets broadlyDemand for always-on access to traditional financial assets has been growing steadily, as investors increasingly expect the same speed and flexibility from tokenized stocks that they already get trading crypto.
By extending minting and redemption to a full 24/7 cycle, Ondo is positioning tokenized stocks to function with the same continuous liquidity and utility as the crypto markets they trade alongside.
Ondo Stocks has built a significant lead in this space already, listing more than 430 tokenized stocks and ETFs across Solana, Ethereum, and BNB Chain, and becoming the first platform in the category to surpass $1 billion in total value locked, more than every other tokenized stock platform combined.
That infrastructure also allows tokenized stocks to be used as collateral across platforms including Ondo Perps, Morpho, and Euler.
Ondo says this 24/7 minting and redemption upgrade builds directly on that foundation, with further expansion of its always-on infrastructure planned as tokenized markets continue moving toward a fully continuous trading model.
BANGKOK - Moo Deng has backed France and England to reach the 2026 FIFA World Cup final after making her selections from flag-marked watermelon halves at Khao Kheow Open Zoo.
The light-hearted prediction was staged at the zoo in Si Racha district, Chonburi, on July 14 as the tournament entered its closing stages.
Tourists and football fans gathered around the pygmy hippo enclosure to watch Moo Deng choose between France and Spain in the first semi-final pairing and England and Argentina in the second.
Zoo director Narongwit Chodchoi and Moo Deng’s keeper, known as Benz, prepared watermelon halves representing the four semi-finalists.
The team names were carved into the fruit, while a miniature national flag was inserted into the rind of each watermelon half.
Zoo officials displayed the France- and Spain-marked watermelons before placing them directly on the wet concrete floor inside the shallow pool area of Moo Deng’s enclosure.
The two watermelon halves were positioned a short distance apart, allowing Moo Deng to make her choice by approaching and eating from one of them.
France gets Moo Deng’s first voteFor the first prediction, Moo Deng was presented with watermelon halves marked with the French and Spanish flags.
As soon as she was allowed into the area, the pygmy hippo walked directly towards the watermelon bearing the French flag and began eating it.
Her choice prompted cheers and smiles from visitors watching from outside the enclosure.
The selection represented a prediction that France would defeat Spain and advance to the World Cup final.
England selected ahead of ArgentinaMoo Deng was then presented with another pair of watermelon halves representing England and Argentina.
She headed towards the watermelon marked with the English flag, completing her prediction that England would win the second semi-final.
Moo Deng’s two selections therefore produced a predicted World Cup final between France and England.
The result was intended purely as a playful forecast, with the zoo stressing that there was no guarantee the results on the pitch would match Moo Deng’s choices.
Animal enrichmentNarongwit said the activity was not organised solely to entertain visitors and football supporters.
It was also designed as part of the zoo’s animal-enrichment programme, under which food and other stimuli are used to encourage animals to move around, exercise and display natural behaviour.
The activity can help reduce stress while giving the animals appropriate portions of food in line with their nutritional requirements, he said.
Khao Kheow Open Zoo said Moo Deng’s World Cup prediction was intended to create an enjoyable atmosphere for visitors and promote the organisation.
The zoo also stressed that the event was not intended to encourage or support gambling in any form. THE NATION/ASIA NEWS NETWORK
Monvera, an AI-powered broker built on Virtuals Protocol, went live on July 14 with its own $MONVERA token and direct access to tokenized equities on Robinhood Chain. The platform represents one of the first concrete examples of AI agents managing real-world assets on-chain, rather than just trading memecoins and posting tweets.
What Monvera actually does The platform connects to approximately 95 real tokenized stocks available through Robinhood’s blockchain infrastructure, giving users the ability to execute trades, manage portfolios, and liquidate positions through an AI interface.
The headline feature is portfolio-level actions. Instead of manually selling each position, users can dump their entire tokenized stock portfolio in a single click.
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Monvera also supports gasless interactions, meaning users don’t need to hold native tokens to pay transaction fees.
The $MONVERA token launched with a total supply of 1 billion tokens. The allocation breakdown: 69.3% is reserved for pledger allocation and available for immediate claims, 23% goes to the liquidity pool, and 7.7% is set aside for developer vesting.
The Virtuals Protocol backbone Monvera is built on Virtuals Protocol, which has been assembling infrastructure for AI agent tokenization across multiple blockchains including Base and Solana. The critical milestone came on July 1, when Virtuals Protocol integrated its AI agent infrastructure with Robinhood Chain’s mainnet. In June, the platform was involved in trading tokenized assets alongside Ondo Finance, one of the larger players in the tokenized treasury and real-world asset space.
What this means for investors With nearly 70% of supply available for immediate claims, early selling pressure could be significant. The 23% liquidity pool allocation should help absorb some of that, but it’s a structure that rewards early movers and could punish latecomers.
Virtuals Protocol has a first-mover advantage in combining AI agents with tokenized equities. Any protocol that can replicate this functionality, especially with access to a broader range of tokenized assets beyond Robinhood’s current catalog of roughly 95 stocks, could quickly become a serious competitor.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
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.
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.
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.
Storage-related concept stocks advanced in pre-market trading for US equities, with SanDisk gaining 4.3%.
According to Bit.com market data, US pre-market storage concept stocks are rising: SanDisk (SNDK.O) is up 4.3%, Micron Technology (MU.O) is up 3%, Western Digital (WDC.O) and Seagate Technology are up more than 2.6%.
2 minutes ago
SK Hynix ADR rose more than 6% at one point in pre-market trading on US stocks.
According to Bit.com market data, SK Hynix’s American Depositary Receipts (ADR) jumped more than 6% at one point in pre-market trading on US exchanges, with the gain now narrowing to 5.95%, standing at $161.42, and its market capitalization rebounded to $1.11 trillion.
2 minutes ago
Huobi HTX has listed SNXX and RAM perpetual contracts, and launched a derivatives trading competition.
According to an official announcement, Huobi HTX launched SNXX/USDT and RAM/USDT perpetual contracts on July 14, both with a maximum leverage of 10x. Concurrently, Huobi HTX kicked off the SNXX and RAM contract trading contest on July 14, running from 15:00 (UTC+8) that day to 15:00 on July 21, with a total prize pool of $20,000. During the event, users who complete registration and trade SNXX/USDT and RAM/USDT contracts, with a cumulative valid trading volume of no less than 1,000 USDT, will be eligible to split the prize pool based on their trading volume rankings; new contract users who trade the event’s target contracts will also receive exclusive benefits.
2 minutes ago
Maji cuts losses on BAYC NFTs again, adds to long positions in ETH.
Per Lookonchain’s monitoring, the address dubbed “Machi” sold Bored Ape #251 at a loss of 6.99 ETH (roughly $12,400) to secure additional funds for increasing its ETH long position. As of now, Machi holds an ETH long position of 5,264 ETH (valued at approximately $9.38 million), with a liquidation price of $1,756.76.
2 minutes ago
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
2 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
The Hyperliquid chain’s total Open Interest reached $11.07 billion on July 13, the highest in 2026. HIP-3 markets, or Hyperliquid Improvement Proposal 3, contributed to $3.69 billion, another record, reported Wu Blockchain in a post on X.
Just a couple of days ago, though, it was reported that the new Ethereum Layer-2, Robinhood Chain, had surpassed Hyperliquid and BNB in daily speculative interest.
Viral memecoin launches like CashCat helped fuel the Robinhood volume, and it is unclear if this enormous volume can be sustained during periods of less memecoin speculation.
Hyperliquid is a market-proven product. Will this be enough for its price trends to improve in July?
The Hyperliquid uptrend remains intact Source: HYPE/USDT on TradingView A bullish swing structure was in place for HYPE. An upward continuation was established when the previous swing high at $59.412 [green] was breached to the upside in May. Since then, the altcoin has set a new high at $76.955.
Using the move from $20.48 to $76.95, a set of Fibonacci retracement levels [orange] was plotted. It showed that the coveted golden pocket for swing traders and investors sat in the $32.56-$42.05 area.
The golden pocket outlines a high-probability trend resumption zone between the 61.8%-78.6% retracement levels. Therefore, in the long run, a correction to this region should offer an investing opportunity.
As things stand, HYPE is a long way from such a massive retracement. The CMF was above +0.05, and the OBV was climbing, to show steady buying pressure. Meanwhile, the MACD signaled waning bullish momentum.
Traders’ call to action- Respect the range Source: HYPE/USDT on TradingView A range formation between $53.3 and $74.6 has been in place since early June. At the time of writing, the Hyperliquid token was trading below the mid-range support at $64.
This signaled a potential drop toward the lower end of the range. The CMF’s -0.14 reading showcased heavy capital outflows. The MACD has formed a bearish crossover below the zero line to signal that downward momentum was gaining strength.
Swing traders can wait for a drop toward $53-$54 before looking to buy. It is also possible that the $60 round-number level might yield a price bounce.
As things stand, traders can wait for this range to break down before they can begin anticipating a correction toward $32.
Final Summary Hyperliquid reached its highest Open Interest of 2026 on Monday. Robinhood Chain’s surge in daily speculative interest recently might not be enough to topple the leading DEX. The higher timeframe HYPE price trends were bullish. For now, the $53.3 and $74.6 levels were the ones swing traders should watch.
Hyperliquid's (@HyperliquidX) HIP-3 markets have gone from a footnote to a dominant force on the platform in a matter of months. HIP-3's share of total Hyperliquid perpetual volume has climbed from roughly 2% at the start of the year to around 50% now, coinciding with growing retail appetite for trading equities onchain.
What Is HIP-3 and Who Is Driving Volume? HIP-3 is a Hyperliquid network upgrade launched in October 2025 that allows permissionless deployment of perpetual futures markets by staking 500,000 $HYPE tokens. The framework has opened the door to 24/7 trading of assets that have historically been locked behind exchange hours and brokerage accounts.
The category is dominated by TradeXYZ, which runs markets like XYZ100 (tracking the Nasdaq-100) and single-stock contracts on names like Nvidia and Tesla, all settled in stablecoin rather than the underlying shares. Open interest surpassed $1.43 billion within months of launch, with tokenized stocks and commodities representing 23 out of the top 30 trading pairs on Hyperliquid.
Open interest across HIP-3 markets grew from roughly $790 million in January 2026 to a peak of $3.2 billion by June, according to Grayscale. Hyperliquid's HIP-3 onchain perpetual futures market has also surpassed $309 billion in cumulative trading volume, highlighting growing adoption for permissionless, around-the-clock derivatives markets.
A Broader Shift in How Retail Traders Access Markets The HIP-3 market's ability to offer round-the-clock exposure to these assets without traditional market hours has been a key factor in attracting volume. For retail traders who want to react to earnings reports or macro events outside of exchange hours, the appeal is straightforward.
The surge in HIP-3 activity sits inside a much larger growth story for Hyperliquid overall. Hyperliquid holds 6.2% of the global market for perpetuals by volume, up from just 4% at the start of 2026, and 70% of the global market for decentralized perpetuals. The platform processed $633 billion in trading volume during Q1 2026 alone.
Seven of Hyperliquid's top ten markets by volume are now tokenized equities or commodity futures rather than traditional cryptocurrency pairs, a sign that the platform's user base is increasingly looking beyond crypto for trading opportunities.
Sources:
The Block: Hyperliquid's HIP-3 markets surge to nearly 50% of perp volume
CoinGecko: Hyperliquid HIP-3 and HIP-4 Explained
FinanceFeeds: Hyperliquid HIP-3 Open Interest Explained
Key Takeaways HYPE has declined more than 2% on Monday, with the token now challenging critical support near the $68.50 trendline Futures Open Interest contracted by over 2% across 24 hours to reach $2.72 billion, accompanied by $2.48 million in liquidated long positions Institutional investors poured $10.36 million into HYPE ETFs during the previous week, marking a ninth uninterrupted week of capital inflows Markets launched under HIP-3 have expanded their share of Hyperliquid perpetual trading volume from 2% to approximately 50% throughout 2026 Critical support rests at the 50-day EMA level of $63.13; a breakdown beneath this threshold may drive prices toward $53.71 Hyperliquid (HYPE) is currently exchanging hands near $65 on Monday, reflecting a decline exceeding 2% as widespread risk aversion across markets weighs on cryptocurrency valuations. This downturn continues the negative price movement observed during the previous week.
Hyperliquid (HYPE) Price Escalating geopolitical tensions between the United States and Iran centered around oil tanker navigation rights in the Strait of Hormuz have triggered a flight from risk-oriented assets, with cryptocurrencies caught in the selloff. Alternative tokens such as HYPE have experienced heightened selling pressure as a result.
Derivatives market intelligence from CoinGlass indicates that Open Interest decreased by more than 2% during the last 24-hour period, settling at $2.72 billion. Aggregate liquidation events reached $2.93 million, with positions betting on price increases accounting for $2.48 million of this figure.
The funding rate metric has experienced a pronounced decline to 0.0275%, signaling an increase in traders establishing short positions. This represents a notable departure from the optimistic market positioning observed in prior weeks.
Institutional Capital Continues Flowing In Notwithstanding near-term price weakness, HYPE exchange-traded funds attracted $10.36 million in net inflows throughout the past week. This achievement represents the ninth consecutive week that institutional investment vehicles focused on HYPE have recorded positive capital flows.
Source: SoSoValue Cryptocurrency analyst Michaël van de Poppe shared an optimistic assessment on July 12, stating that the HYPE chart “is ready to break out upwards” with a price objective of $100. His thesis rests on consistent revenue expansion, a pattern of ascending peaks and troughs, and the asset maintaining position above both its 21-day and 50-day moving average indicators.
The $HYPE chart is super strong.
It's ready to break out upwards, and the next target is going to be $100.
The reasons for the fact that this is the case:
– Constant revenue growth and value accrual to the token.
– Holding above the 21-Day and 50-Day MA's.
– Constant higher… pic.twitter.com/S6AZSY1Ecr
— Michaël van de Poppe (@CryptoMichNL) July 12, 2026
From a technical perspective, HYPE is currently challenging a breakout from an important ascending trendline situated around $68.50. The 50-day exponential moving average positioned at $63.13 now represents the nearest support zone requiring monitoring.
The Relative Strength Index has deteriorated below the neutral 50 mark to 48, while the MACD indicator is charting below its signal line. These technical readings collectively suggest diminishing bullish momentum.
A daily candle closure beneath the $63.13 threshold could establish conditions for a move toward the 50% Fibonacci retracement level located at $53.71. Conversely, a price recovery scenario would establish the previous swing high at $75.58 as the initial resistance target.
The protocol’s contribution to aggregate Hyperliquid perpetual futures volume has surged from roughly 2% when 2026 commenced to approaching 50% presently. This expansion correlates with increasing retail trader appetite for onchain equity derivatives products.
TradeXYZ has emerged as the dominant participant within this category, operating markets including XYZ100 (which tracks the Nasdaq-100 index) alongside individual equity perpetuals on companies like Nvidia and Tesla, all settled using stablecoins.
The continuous 24/7 market availability represents a fundamental attraction point—participants can respond to breaking developments at any moment without restriction to traditional market hours.
HYPE exchange-traded funds documented their ninth consecutive week of institutional capital inflows totaling $10.36 million as of the most recent reporting period.
Aster (ASTER) is currently consolidating in a narrowing symmetrical triangle, raising expectations for an imminent breakout that could set the direction of its short-term price trend. The protocol has intensified its deflationary policy with a recent buyback-and-burn cycle and updated its staking reward structure to incentivize long-term holders.
Triangle pattern key to price movementAt the time of reporting, ASTER changes hands at $0.6218, backed by a 24-hour trading volume of $42.96 million and a market capitalization of $1.67 billion. The cryptocurrency’s price action has stabilized, with market participants closely analyzing the convergence taking place on technical charts.
Technical analyst Crypto With Gopal stated that ASTER is locked in a tightening symmetrical triangle on the 1-hour chart, a configuration marked by a series of lower highs and higher lows that reflect growing market indecision. As the pattern approaches its apex, the probability of a sharp price movement increases.
If the token breaks above the upper resistance of the triangle with strong volume, analysts expect a potential move toward $0.70. However, if the price slips beneath the lower trend line, increased selling could drag ASTER down to support levels near $0.54.
Market observers focus on the symmetrical triangle formation in $ASTER, where a breakout could trigger a move toward $0.70 if buyers dominate, while a failure to hold support may send the token to $0.54.
ScenarioPotential TargetBreakout above resistance$0.70Fall below support$0.54Deflationary measures and staking rewardsAster, a decentralized protocol focused on efficient staking and deflationary tokenomics, revealed it completed another buyback-and-burn event. From June 29 to July 13, the protocol utilized 99% of daily platform fees to repurchase 3,083,815.69 ASTER for distribution among stakers, while burning an equivalent number of tokens from the team allocation. This brings the cumulative total of tokens burned since June to 6,020,941.22 ASTER.
Such buyback and burn initiatives aim to support token scarcity and reinforce the project’s long-term value proposition for investors.
Mini dictionary: Buyback-and-burn, a mechanism where a blockchain protocol repurchases a certain amount of its own tokens from the market and destroys (burns) them, reducing overall supply and potentially increasing scarcity.
In tandem with its deflationary measures, Aster also revised its staking rewards. Users who lock their tokens for 26 weeks can currently earn an estimated 5.35% APY, while choosing the maximum lock period of 208 weeks offers up to 28.85% APY. The returns remain subject to market volatility.
Outlook remains neutral despite bullish programAlthough the buyback and burning campaign has strengthened Aster’s deflationary stance and some analysts anticipate a bullish reversal, the price movement continues to trend sideways. Broader market sentiment also impacts ASTER, particularly as BTC price is under moderate pressure following a recent upswing.
ASTER’s immediate future depends on resolving the symmetrical triangle set-up. Buyers may push the token up to $0.70 if a breakout occurs, while renewed selling could drive the price down to $0.54.
Despite optimism about the project’s tokenomics and reward adjustments, ASTER price action remains indecisive, reflecting the overall market environment influenced by Bitcoin.
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 declined sharply on Monday, slipping by 3% to $62,009, as global investors reacted to increasing tensions between the United States and Iran over the Strait of Hormuz. The move came amid new geopolitical developments and corresponding market volatility, which saw major digital assets approach their lowest levels for the year.
Escalating tensions around the Strait of HormuzThe latest drop in Bitcoin’s price followed Iran’s closure of the critical shipping route, the Strait of Hormuz, a waterway responsible for moving a significant share of global oil shipments. U.S. officials responded with military action, and President Donald Trump soon declared that the United States would take operational control of the strait.
Trump announced that every vessel passing through the Strait of Hormuz would be subject to a 20% service fee, stating in a post, “The U.S.A. will be known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,’” adding that transiting ships would now pay additional charges.
The U.S.A. will be known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,’ and every vessel passing through is subject to a 20% service fee.
This decision provoked a sharp market response, especially in energy commodities. Crude oil prices surged over 9% on Monday, reviving inflation concerns and raising expectations that the Federal Reserve could consider more aggressive monetary policies. The renewed inflation risk made many investors less willing to hold riskier assets, including Bitcoin and other cryptocurrencies.
Market reaction and short-selling pressureThe rapid selloff in crypto markets was accompanied by a clear increase in short positions against Bitcoin. Market intelligence firm JDK Analysis reported “massive shorting” around a critical volume-weighted average price (mVWAP) threshold as the price declined during the pre-New York trading session. The analysis noted that BTC’s price at this level remained technically weak unless supported by renewed spot demand.
With spot also selling, this still looks very weak, but if New York brings real spot demand and mVWAP holds, a bounce could trap a large number of sellers.
Other observers commented on a spike in open interest, suggesting traders were increasingly betting against further price increases. In parallel, data from research platform SoSoValue revealed that Bitcoin-based exchange-traded funds saw eight consecutive weeks of capital outflows, indicating declining institutional appetite for the leading cryptocurrency.
Technical outlook and whale accumulationMarket analyst Ash Crypto reported that Bitcoin closed its weekly candle above the 200-day moving average, forming a doji candle—a pattern associated with market indecision. He highlighted $58,000 as a critical support level, warning that a close below this level could lead to a further decline toward the $49,000 zone. Alternatively, sustained support above $58,000 could set the stage for a move to $67,000 and possibly $83,000. Ash Crypto also pointed to the upcoming release of the U.S. Consumer Price Index as a potential market catalyst.
Blockchain analytics firm Santiment noted that wallet addresses holding between 10 and 10,000 BTC purchased approximately 11,000 BTC over the past week. This accumulation pattern by so-called “whales” has historically shown a strong correlation with future price movements, suggesting that larger holders anticipate a potential rebound.
Mini dictionary: Santiment, a blockchain analytics company, monitors on-chain data such as wallet holdings and transaction patterns to help assess market sentiment and detect large investor activity.
Trader Roman maintained a bullish stance despite recent market weakness, citing technical indicators like the Relative Strength Index and current trading volumes that point toward “downside exhaustion” and potential for a reversal towards the $70,000–$75,000 range.
EventImpact on BTCMarket movementStrait of Hormuz closureIncreased downside pressureBTC drops to $62,009Trump announces 20% vessel feeSharp risk-off shiftOil rises 9%, crypto selling acceleratesWhales accumulate 11,000 BTCSignals bullish long-term sentimentPossible support near $58KBy late evening, Bitcoin was trading near $62,815 as the market continued to weigh geopolitical risks and technical factors.
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.
Economist Peter Schiff said on Monday that he regrets not buying Bitcoin (CRYPTO: BTC) when he first learned about the apex cryptocurrency.
The Eternal Bitcoin ‘Regret’In an X post, Schiff contrasted early Bitcoin FOMO and the strategic error of holding the asset for too long.
“Many people, myself included, regret not buying Bitcoin when they first learned about it,” he said. “Soon, more people will regret not selling Bitcoin above $60,000 when they had the chance.”
Will Schiff Buy Bitcoin At $20,000?This isn’t the first time Schiff has conceded he missed out on Bitcoin. In an interview in March 2024, he wished he had bought the world’s largest cryptocurrency back in 2010, given the profit potential.
So does that mean he’d ape into Bitcoin at the first opportunity?
“Not a chance,” Schiff clarified, adding that he won’t even buy even if Bitcoin crashed to $20,000.
A section of Bitcoin enthusiasts has accused him of secretly holding the cryptocurrency, a claim he has promptly denied.
Bitcoin Here To Stay?Schiff’s remarks reflected his longstanding bearish view that Bitcoin is overvalued and headed for major declines. In fact, he leads the pack in Bitcoin obituaries, having declared the asset ‘dead’ as many as 23 times.
Schiff aggressively promotes gold as the ultimate safe-haven, while deriding Bitcoin as a worthless asset.
While Bitcoin has indeed lagged behind gold over the past year, its cumulative performance over a longer horizon is substantially higher.
Price Action: At the time of writing, BTC was exchanging hands at $62,521.08, down 0.27% in the last 24 hours, according to data from Benzinga Pro.
Photo: Hi my name is Jacco on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
Bitcoin is maintaining its price above $62,600 as geopolitical tensions between the U.S., Israel, and Iran intensify. This stability comes despite a nearly 1% drop in Asian markets, reflecting Bitcoin’s current role as a risk-sensitive asset amid the escalating conflict. Market participants are also closely watching the upcoming release of June 2026 Consumer Price Index (CPI) data, which is expected to provide further insight into inflationary pressures. The ongoing situation in the Strait of Hormuz has led to increased oil prices, adding to the broader market volatility. While Bitcoin shows relative resilience, the situation underscores its vulnerability to geopolitical stress.
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Key Takeaways Bitcoin’s current price stability above $62,600 appears consistent with YES outcomes in markets pricing a rise above $58,000 by July 16. Market conditions indicate Bitcoin’s sensitivity to geopolitical tensions, with a recent downturn in Asian markets reflecting broader market reactions. The imminent CPI data release may indicate further market movements, with potential implications for Bitcoin’s price trajectory. What to Watch Market observers are focused on the release of the June 2026 CPI data, which could affect Bitcoin’s price direction. A cooler-than-expected CPI report could align with scenarios where Bitcoin remains above $60,000. Conversely, a higher inflation reading may pressure Bitcoin, consistent with outcomes below critical support levels. Geopolitical developments, particularly in the Strait of Hormuz, will also continue to influence market sentiment, with potential impacts on Bitcoin’s risk profile.
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Term Structure
Contract Odds Δ since publish Volume 24h July 16 2026 99.2% — — View market → July 16 2026 92.5% — — View market → July 16 2026 0.5% — — View market → July 16 2026 99.9% — — View market → July 16 2026 0.1% — — View market → July 16 2026 0.1% — — View market →
Key HighlightsSemiconductor Sector Reels Following Korean Market TurmoilDigital Assets Retreat as Federal Reserve Tightening Expectations SurgeGet 3 Free Stock Ebooks Semiconductor stocks plummeted 4.8%, sending the Nasdaq down 1.5% in Monday’s trading session South Korea’s KOSPI index crashed nearly 9%, triggering a ripple effect across U.S. chip manufacturers SK Hynix’s American Depositary Receipt debut stumbled, declining more than 9% in its inaugural U.S. trading session Bitcoin tumbled over 2% to approximately $62,380 as market participants increased July Fed rate hike probability to 50% Escalating oil costs and heightened U.S.-Iran geopolitical tensions are fueling renewed inflation anxieties before Tuesday’s CPI data Major U.S. stock indices experienced significant losses on Monday as semiconductor equities led a broad technology sector retreat. Digital currencies also faced downward pressure as market participants recalibrated their Federal Reserve policy outlook.
The tech-heavy Nasdaq Composite declined 1.5% by the closing bell. The broader S&P 500 shed 0.8%, while the Dow Jones Industrial Average retreated 138 points, translating to a 0.3% loss. The Philadelphia Semiconductor Index bore the brunt of selling pressure, plummeting 4.8%.
E-Mini S&P 500 Sep 26 (ES=F) Excluding technology equities from the equation, however, reveals a considerably more stable market environment. The ProShares S&P 500 Ex-Technology ETF concluded trading essentially unchanged.
Semiconductor Sector Reels Following Korean Market Turmoil The sharp decline in chip stocks followed an exceptionally volatile trading day in Asian markets. South Korea’s KOSPI benchmark index closed Monday’s session down nearly 9%, transmitting shock waves throughout international financial markets.
SK Hynix, the prominent memory chip manufacturer, commenced U.S. trading on Monday through American Depositary Receipts. The debut proved inauspicious, with shares declining over 9%, echoing the company’s substantial intraday collapse on the Seoul exchange.
Memory semiconductor producers had ranked among 2026’s top-performing equities. Monday’s trading session abruptly erased a portion of those impressive gains.
Other chip-sector companies experienced sympathetic declines. The industry-wide downturn underscored the depth of interconnection between American investors and international semiconductor supply networks.
Digital Assets Retreat as Federal Reserve Tightening Expectations Surge Bitcoin declined more than 2% over a 24-hour period, trading around $62,380. Ether, XRP, and additional prominent digital tokens recorded comparable losses.
Bitcoin (BTC) Price The cryptocurrency selloff materialized as money market instruments began pricing approximately a 50% probability of a Federal Reserve interest rate increase in July. This figure represented a dramatic shift from the roughly 10% probability observed just days earlier.
The adjustment followed public remarks from Federal Reserve Governor Christopher Waller, who indicated policymakers might need to implement rate increases to contain inflationary pressures.
The two-year U.S. Treasury yield advanced to 4.29%, reaching its highest level since early in the previous year. This segment of the yield curve typically tracks closely with near-term monetary policy expectations.
Accelerating petroleum prices are compounding inflation concerns. West Texas Intermediate crude has surged to nearly $80 per barrel from $67 at the month’s beginning.
The oil price spike stems from intensifying U.S.-Iran geopolitical friction. President Trump reestablished a naval blockade targeting Iranian vessels in the Strait of Hormuz and instituted a 20% transit fee on additional cargo traversing the strategic waterway.
Market participants are now directing attention toward Tuesday’s Consumer Price Index release. Economic forecasters anticipate headline CPI will register below 4% on an annual basis, potentially marking the first simultaneous decline in both headline and core inflation measurements since January.
Federal Reserve Chair Kevin Warsh is additionally scheduled to deliver testimony before Congress. Financial markets will be scrutinizing his statements for any indications regarding the monetary policy trajectory.
Analysts at ING observed that Warsh maintains flexibility to keep rates unchanged despite external pressures, and that any implemented rate increase could subsequently be reversed through more substantial rate reductions.
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
Iran’s parliament has passed a bill claiming sovereign control over the Strait of Hormuz, the narrow waterway that handles roughly 20% of global oil trade. The legislation bans “hostile ships” from passage and codifies a toll system that accepts payment in yuan, Bitcoin, and stablecoins.
The crisis timeline The roots of this legislation trace back to late February 2026, when Iran imposed a blockade on the strait. That move kicked off what’s now being called the 2026 Strait of Hormuz crisis. A ceasefire in June offered a brief reprieve. By early July, Iran’s Revolutionary Guard Corps resumed aggressive operations in the waterway, targeting commercial vessels on what Tehran deemed “unapproved” routes.
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On July 13, Iranian forces attacked commercial tankers, including UAE-owned vessels, killing at least one crew member.
During ceasefire periods reported in April 2026, Iran had already been extracting transit tolls of approximately $1 per barrel from passing vessels, accepted in yuan, Bitcoin, or stablecoins.
Why crypto is the real story here Iran’s adoption of Bitcoin and stablecoins for sovereign transactions is unprecedented. Traditional banking channels are walled off by sanctions. By accepting digital currencies for maritime tolls, Tehran has built a sanctions-evasion mechanism into its sovereignty claims. Tether has historically frozen wallets associated with sanctioned entities, but the scale and state-backed nature of this use case is entirely different from previous incidents.
Competing tolls, competing claims Former President Trump has proposed his own 20% toll on vessels transiting the strait, coinciding with re-imposed blockades as of July 2026. The competing toll proposals from Washington and Tehran over the same body of water underscore how contested this waterway has become.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
“Major-bank Bitcoin adoption is accelerating, but still early,” Saylor said.
Future Of Bitcoin-Based BankingSaylor has repeatedly emphasized that “limited banking acceptance” is one of the primary obstacles to the growth of his company and the wider Bitcoin treasury industry.
The Strategy co-founder argues that major U.S. banks purchasing, selling, and custodying Bitcoin, as well as issuing credit and margin lines against the asset, might be "great" for all parties involved. He strongly encourages lobbying banks to move in this direction.
Saylor also criticized traditional rating agencies for failing to recognize Bitcoin’s value as collateral, which prevents people from borrowing against the asset
No Respite From Ongoing PainThe new index arrives amid a challenging period for Strategy, the world’s largest Bitcoin holder, which is currently sitting on nearly $11 billion in unrealized losses on its BTC holdings.
The MSTR stock has declined by nearly 40% year-to-date, as the company—once celebrated as Bitcoin’s ultimate HODLer— has started routinely selling BTC.
Price Action: At the time of writing, BTC was exchanging hands at $62,486.46, down 0.54% in the last 24 hours, according to data from Benzinga Pro.
Strategy shares fell 0.33% in after-hours trading after closing 2.68% lower at $92.10 during Monday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that Strategy stock has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Photo: Ryvius on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Bitcoin (BTC) fell further into Monday’s Wall Street open as markets reacted to the US-Iran escalation.
Key points:
Bitcoin falls toward $62,000 as losses intensify on nerves over the US-Iran war.President Donald Trump says that the US should "run" the Strait of Hormuz as a tug-of-war with Iran continues.BTC price action is described as "very weak", but a $70,000 rebound prediction remains in place.Oil rises amid "aggressive" BTC shortingData from TradingView showed BTC/USD edging closer to $62,000 amid what a trader described as “massive” short trading.
US stocks were broadly in the red at the open, with the Nasdaq Composite Index down 1% at the time of writing.
Speaking to Fox on the day, US President Donald Trump said that the US would be taking over the Strait of Hormuz, a key international oil route, which Iran closed at the weekend.
“We're going to keep the strait, and we'll probably run it. We'll become the guardian of the strait. Maybe we'll call it the ‘guardian angel’ of the strait. And we should be reimbursed for that,” he said.
Oil prices stayed higher, with WTI crude circling $75 per barrel.
CFDs on US WTI crude oil one-hour chart. Source: Cointelegraph/TradingView
Bitcoin saw pressure, with sellers firmly in control after an initial drop following the weekly close.
“Massive shorting into this pre NY-open drop. Price is now sitting directly at mVWAP, a key level bulls need to defend!” analytics account JDK Analysis wrote in a post on X.
The post referred to the volume-weighted average price across exchanges, warning that $60,000 could reappear.
“With spot also selling, this still looks very weak. But if New York brings real spot demand and mVWAP holds, a bounce could trap a large number of sellers,” JDK added.
BTC/USD chart with order-book data. Source: JDK Analysis/X
Others also noticed the downward trend, with commentator Exitpump earlier reporting a “crazy amount of aggressive shorting” while open interest continued to rise.
Bitcoin upside targets still see $70,000 returningThose making the case for a rebound on the day included trader Roman, who retained his new bullish bias.
In an X post, Roman highlighted several price metrics, including the relative strength index (RSI) and volume, showing downside exhaustion.
“I believe a move higher is coming it all just comes down to formation and how we get there,” he wrote.
“Lots of HTF & LTF indications for 70-75k area + exchange data is showing that more spot is being bought than sold. It’s a matter of when not if.”BTC/USD one-day chart. Source: Roman/X
Earlier, Cointelegraph reported on various expectations of continued BTC price upside this month before bearish continuation, ultimately ending in a Q3 macro bottom.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Key Takeaways Between July 6 and July 12, Strategy executed an at-the-market offering, selling 4.8 million shares of MSTR for $466.7 million The company’s Bitcoin portfolio stayed at 843,775 BTC, with an average acquisition cost of $75,476 per token Cash reserves jumped approximately 18% to reach $3 billion, providing dividend coverage extending beyond 20 months Wall Street firms Benchmark and TD Cowen reaffirmed Buy recommendations, setting targets at $570 and $260 respectively Shares dropped roughly 3% to the $91.50–$91.80 range in pre-market trading Monday Last week, Strategy raised $466.7 million through an equity offering while abstaining from Bitcoin purchases — a decision that’s drawing praise from Wall Street analysts.
Strategy Inc, MSTR
Ahead of Monday’s Nasdaq session, MSTR stock traded down approximately 3% in the $91.50–$91.80 range, per data from Yahoo Finance and The Block. Bitcoin experienced similar weakness, declining over 2% in the past 24 hours to approximately $62,580.
The equity transaction occurred through Strategy’s at-the-market program during the July 6–12 window, moving 4.8 million Class A shares. Monday’s SEC 8-K filing revealed the details of this capital raise.
Notably, Strategy refrained from any Bitcoin transactions throughout this timeframe. The company maintains its position of 843,775 coins, purchased at a $75,476 average cost basis.
This strategic move elevated Strategy’s dollar reserves by roughly 18% week-over-week, climbing from $2.55 billion to $3 billion by July 12.
Wall Street Endorses the Approach Both Benchmark and TD Cowen released research notes Monday supporting the company’s decision.
TD Cowen maintained its Buy stance with a $260 target price. Analyst Lance Vitanza characterized the 8-K disclosure as “an early indication that management is beginning to execute against the framework” outlined during a recent investor presentation. The firm highlighted the expanded cash position and absence of Bitcoin purchases as evidence of “greater balance-sheet discipline.”
Benchmark similarly upheld its Buy rating, though analyst Mark Palmer established a significantly more aggressive $570 price objective. Palmer framed the equity sale as constructing a “dividend war chest,” emphasizing that current reserves can sustain the company’s annual dividend commitments for more than 20 months.
Neither research team views the Bitcoin purchase pause negatively. Both emphasized that investors should concentrate on Strategy’s objective of increasing Bitcoin-per-share metrics while maintaining the stability of its preferred equity financing structure.
Available Capital Capacity Strategy retains $23.8 billion in untapped capacity within its MSTR ATM program. This figure incorporates $21 billion from a fresh facility unveiled March 23. Management indicated it might access this additional capacity as the current offering approaches full utilization.
This development follows Strategy’s recent sale of 3,588 BTC — valued at roughly $216 million — executed to replenish reserves and support preferred share dividend distributions. These transactions occurred from June 29 through July 5, at average prices of $59,256 and $60,773 per Bitcoin.
Strategy is also gearing up for its inaugural semi-monthly STRC preferred dividend distribution on July 15, following the twice-monthly payment schedule introduced June 8.
In its June 29 regulatory filing, Strategy disclosed selling 12.7 million MSTR shares generating $1.15 billion in net proceeds, again without any corresponding Bitcoin acquisitions during that period.
On July 13, the United States transferred nearly 4,000 bitcoins (approximately 250 million dollars) to Coinbase Prime. While overall liquidity remains extremely sensitive to movements by state whales, this major on-chain activity, stemming from judicial seizures, acts as a powerful catalyst of volatility. Is this a simple logistical reorganization or the beginnings of a massive sale?
In brief The US government transferred 3,941 BTC (around 250 million dollars) to Coinbase Prime on July 13, 2026. These Bitcoins originate from historic judicial seizures, mainly linked to the Ryan Farace drug case and the fallen BTC-e platform. This transfer finalizes a confiscation procedure initiated in January 2024, setting the stage for an official liquidation. The operation is part of the custody partnership signed in July 2024 between the US Marshals Service and Coinbase Prime. Historic seizures Blockchain records logged on Monday the transfer of 3,941 bitcoins, representing a value of about 250 million dollars, to the institutional brokerage infrastructure Coinbase Prime, while the crypto price is still below $64,000. According to data aggregated by the on-chain analytics platform Arkham Intelligence, this consolidation activity was split into several specific flows :
The Ryan Farace envelope : a major transfer of about 2,875 BTC identified under the label “Ryan Farace Seized Funds”. This amount corresponds to the historically seized volume by federal agents in 2021 during the investigation against this trafficker convicted of money laundering ; The BTC-e share : a batch of 926 BTC labeled “BTC-e Seized Funds”, originating from cryptocurrencies seized by US authorities during the shutdown of this illicit exchange platform in 2017 ; The complementary transaction : a final flow of about 140 BTC transferred directly to the broker’s accounts to complete the day’s overall movement. The origin of these funds reveals the purely judicial dimension of the management of these assets by the US Department of Justice. The 2,875 BTC from the Farace case represent almost all of the 2,874.90419597 BTC confiscated during the original investigation, with an additional related seizure of 58.742155166 BTC.
As for the envelope from BTC-e, it recalls the ramifications of the closure of this platform which, according to the federal prosecutor, handled more than 9 billion dollars in illicit transactions related to ransomware, hacks, and various traffics. One of its main managers, Alexander Vinnik, had pleaded guilty to conspiracy to commit money laundering in 2024. These on-chain movements therefore do not reflect an active monetary policy, but the methodical execution of final judicial decisions.
Between institutional logistics and liquidation : the pivotal role of Coinbase Prime The analysis of these transfers must be based on the contractual framework uniting federal agencies with their private providers, thus ruling out the idea of a wild and immediate sale on the market. In July 2024, the US Marshals Service (USMS), the agency responsible for custody and alienation of assets seized by justice, officially selected Coinbase Prime to provide “advanced custody and trading services” for its major cryptocurrencies. From then on, the physical transfer of bitcoins to Coinbase Prime constitutes a standard logistical step integrated into this management mandate.
Moreover, the US administration had already laid the legal groundwork by publishing, as early as January 2024, a formal notice of confiscation expressing its “intent to dispose” of a total of 2,933.64 BTC from the Farace case. This notice opened the legal period during which third parties could claim ownership rights, confirming that the fund transfer to the broker constitutes the technical completion of a long-started administrative process.
Such an operational reorganization was also accompanied by transfers of stablecoins and other leading assets, notably an envelope of 30,007 ethers labeled “Brian Krewson Confiscated Funds”. Procedural documents reveal that Brian Krewson was not subject to any direct criminal prosecution, but a civil lawsuit by the Department of Justice targeted the confiscation of these ethers.
According to the complaint, these assets were acquired for only 9,000 dollars by Christopher Castelluzzo and Luke Atwell using revenues from illicit activities, with Krewson simply ensuring technical management of the wallets during his associates’ incarceration. The grouping of these various seizures under the aegis of Coinbase Prime demonstrates a clear intention of logistical centralization by federal agencies, which now rely on a single infrastructure to manage a global portfolio estimated at over 328,225 BTC, a public treasury valued at more than 20 billion dollars.
Outlook for the Bitcoin Market In the long term, the arrival of these massive volumes on an institutional brokerage platform raises the question of the impact on the overall liquidity of the bitcoin market.
Although the presence of these funds at Coinbase Prime does not prove that a sale has already been executed, it provides authorities with the necessary flexibility to carry out over-the-counter (OTC) liquidations, thus limiting the direct impact on public order books.
For observers and professionals of decentralized finance, these movements reflect a professionalization of the management of state seizures, which moves away from old public auctions to adopt market finance standards. Caution remains necessary, because while these progressive sales reduce the risk of a sudden price drop, they maintain latent selling pressure that market makers will have to absorb throughout the coming quarters.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
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Analysis: AI data centers have pushed U.S. electricity prices up by $23 billion, and the costs are likely to continue being borne by residents.
According to a study cited by Fortune, the rapid expansion of AI data centers in the United States has driven a sharp rise in public power costs. PJM Market Monitor, the entity overseeing power grids across 14 U.S. Mid-Atlantic and Midwest states, projects that the additional power demand from data centers will lead to power users bearing roughly $230 billion in extra costs, an impact that will persist through at least the end of 2028. The report notes that while multiple major tech companies have committed to covering the costs of new power infrastructure, since public utility expenses such as transmission lines, substations and grid upgrades are typically shared uniformly by regulators, some costs may still be passed on to residential and general commercial users. The study also points out that some data centers can reduce their power usage during grid peak periods by flexibly adjusting their load, thereby cutting their share of grid costs allocated based on peak load. However, they still consume large volumes of electricity, meaning their actual cost burden may be lower than the strain they exert on the grid. Analysts believe that as AI infrastructure construction continues to accelerate, issues such as power cost allocation mechanisms, data center power pricing and rising residential electricity rates are emerging as key challenges facing U.S. energy regulators.
